This is what happens when the market hits 2 trillion! In a truly bullish scenario, the cryptocurrency market has experienced a significant jump, with its total market capitalization rising to $2.03 trillion. This $53 billion increase in just 24 hours is driven by heightened investor optimism as the market anticipates the upcoming Federal Open Market …
Former President Donald Trump has officially launched his cryptocurrency venture, World Liberty Financial, amid a backdrop of controversy and political tension. Related Reading: Bitcoin Mine Shutdown In Norway Sparks Higher Power Bills For Residents During a two-hour broadcast on X (formerly Twitter), Trump and his sons, Donald Jr. and Eric, divulged little facts regarding the […]
Despite top cryptocurrencies struggling around their important resistance levels, the altcoin market has picked up pace over the past few days. Moreover, many tokens have recorded a double-digit surge. With this, questions like “Is this the right time to invest in altcoins?” and “When will the AltSeason begin?” have recorded an increase in the search …
Binance Holdings Ltd., the leading cryptocurrency exchange by daily traded volume and globally registered users, has announced the listing of three more meme coins. The lucky meme coin projects to be recognized by Binance include Turbo (TURBO), Neiro (NEIRO), and Baby DogeCoin (BabyDoge). According to the announcement, Binance will list the three meme coins with …
XRP is back in action, breaking past $0.5900 and eyeing its July 2024 high of $0.6602, all thanks to Robinhood re-listing it on its commission-free platform! This comes as Ripple’s legal battle with the SEC officially ends, sparking optimism in the crypto community. While the addition of XRP to Robinhood’s crypto brokerage is exciting news, …
As Internet Computer (ICP) continues its upward trend, many of its holders are diversifying their portfolios by adding Mpeppe (MPEPE), a promising new casino-focused token, to their “moonshot” bags. The cryptocurrency market is full of surprises, and while ICP is gaining momentum with its technological advancements, investors are always on the lookout for high-reward projects, […]
Ethereum, the second largest crypto by market cap, is trading at $2,420 after a recent price rally. Ethereum has been up by 3.4% and 6.3% in the past 24 hours and seven days, respectively, which has raised hopes for an extended bullish run. As the price performance continues to unfold, some major developments are taking root, which could pave the way for Ethereum’s price to rally back above the $4,000 mark. Stablecoin Transaction Volume Hits New High Despite the bearish sentiment which has lingered in a 30-day timeframe, on-chain data shows that the Ethereum blockchain continues to witness massive activity, especially in the stablecoin niche. The stablecoin trading volume on the blockchain soared massively in August to break its previous all-time high. Particularly, the stablecoin trading volume reached $1.46 trillion. This surge in stablecoin activity further solidifies Ethereum’s position as the go-to blockchain platform in the world of DeFi. As stablecoin adoption continues to rise, this could drive up Ethereum revenue due to demand for ETH tokens used to pay transaction fees. This increased utility could, in turn, contribute to its price reaching $4,000 or beyond. Watch Out For The 0.015 Point In Funding Rates Another key factor to watch now for Ethereum is the funding rate. The funding rate is a metric that tracks the cost of holding a long or short position in the perpetual futures market. Funding rates reflect market sentiment, as positive funding rates indicate that longs are paying short positions, suggesting a bullish outlook, while negative rates show a bearish trend. According to on-chain data from CryptoQuant, the Ethereum funding rate is approaching the 0.015 point. As an analyst at CryptoQuant pointed out, the Ethereum funding rate is currently hovering between 0.002 and 0.005. This movement is reminiscent of a pattern in September 2023, when the funding rate was similarly low. Although these figures might appear modest for a typical bull market, a CryptoQuant analyst has noted that this could be the calm before a major upward movement. This is because the funding rates eventually crossed 0.015 in 2023, allowing Ethereum to “surge from the $1,500s to $4,000s.” A similar occurrence could see Ethereum surging massively to $4,000 in the next few months. Ethereum: Network Growth According to Santiment, the Ethereum network has witnessed massive growth in the past week, recently reaching a four-month high. Apart from its L2 solutions like Optimism and Arbitrum, the platform remains the foundation for decentralized finance (DeFi) and non-fungible tokens (NFTs). This network growth was accompanied by an increase in the creation of wallet addresses and active addresses. At the time of writing, Ethereum is trading at $2,421. If these factors above align in favor of Ethereum, we could see ETH continue to approach the $4,000 mark. Featured image from StormGain, chart from TradingView
Congressman John Rose of Tennessee introduced the “BRIDGE Digital Assets Act,” one of the most important legislative proposals with changes in the regulatory landscape of crypto assets in the United States. Related Reading: Trump Drops Major Clue On Crypto Project Launch Date It provides for a Joint Advisory Committee consisting of participants from the Securities […]
As the Bitcoin price was failing to display strength, the altcoins also appeared to be perplexed about the next price action. Meanwhile, the recent upswing that occurred out of the box has brought back the possibility of star tokens forming new ATH, which may shake up the entire altcoin market. However, the altcoins have been …
As the price of Bitcoin (BTC) retests its important resistance level of $60,000, the crypto market has regained momentum over the past few hours. Moreover, the market has recorded a jump of 1.97% within the past day and is currently valued at $2.09 Trillion. Following this, top memecoins recorded a similar price action by breaking …
Forecasts concerning the possible Solana (SOL) price explosion abound among market analysts; many eyes are focused on how the performance of Bitcoin will determine the direction of the crypto market, including SOL. Related Reading: Bitcoin To Hit $100K? Investors Believe US Election Won’t Affect Its Rise The House of Crypto, a crypto analyst, has presented a bold prediction linking Solana’s spectacular rally to the expected climb of Bitcoin. Based on his examination, Solana would experience an amazing climb to $920,000 from its present value if Bitcoin soars to $175,000 by 2025, a 685% increase. Solana has a little recovery phase in the near future, trading at 14.62% below its expected value for the next month. Though right now the market appears slow, there is hope for stabilization. With little variation, a sideways trend is predicted for the following seven days. The price forecast for the altcoin, however, points to small gains ahead—a 2.52% rise over the next three months and a notable 116% increase in six months, according to data from CoinCheckup. Though there are short-term difficulties, the road ahead still seems bright. This Time next year… My price predictions of top 26 Trending coins. Am I right? $bitcoin – $175,000 $toncoin – $64$solana – $920$dog – $0.13$icp – $150 $ethereum – $8400$Kaspa – $1.60$xrp – $6.20$pepe – $0.0000258551 $chainlink – $110$sundog – $5$brett – $1.5$tron -… — The House Of Crypto (@HouseOfCrypto3) August 26, 2024 A Bitcoin Price Rally Might Lift Solana To Unprecedented Levels By August 2025, The House of Crypto projects Bitcoin rising to a staggering $175,000—a increase of more than 300% from its present price. Should that occur, Bitcoin’s market capitalization would soar to $3.4 trillion, therefore confirming its supremacy at 57% of the total market. This kind of increase would cause knock-on consequences, drawing up other assets including Solana. Should Bitcoin reach such milestone, Solana should follow with a significant surge to $920. Solana’s market size would be shockingly $432 billion if this rise occurred, significantly higher than Ethereum’s present market worth. Solana is among the top competitors in the crypto field for the upcoming bull market according to this forecast. Although these forecasts are bold, the crypto sector has a track record of showing considerable growth. Solana had an amazing 650% rise in the last year alone; Bitcoin climbed by 125%. This historical background gives some support for Solana’s prediction of exponential price ascent in the next few years. Source: CoinCheckup Related Reading: AAVE Excites Investors With 20% Gain As Developments Roll Out Long-Term Optimism Despite Short-Term Challenges For the short term, the price forecast of Solana remains conservative. Presently, the coin is trading below predictions, and market sentiment is bearish. However, for a prediction going forward, Solana is bound to see an increased growth. In the mid-term forecast, it is estimated to grow about 116.32% in six months, while in a year’s time, the coin is expected to surge by about 50.42%. Solana might have some difficulties, but overall the future is promising especially if Bitcoin sets off a bull run. Although the possibility for large profits connected to the rise in Bitcoin gives investors hope, the erratic crypto market calls for prudence even then. Featured image from Unsplash, chart from TradingView
Amid the crypto market hitting a crossroads near the weekend, the altcoins market is ending the week on a minor recovery note. With the increasing chances of a breakout rally next week, many altcoins offer a simple buy low, sell high opportunity. With the altcoins ready to skyrocket, here are the top three choices to …
Is it altcoin season? Will altcoins rally? What’s happening with altcoins? These questions seem endless, and no one can predict with certainty what’s next. However, during uncertain times like these, it’s smart to focus on fundamentally strong altcoins. Analyst Nicholas Merten, in his latest video, shared his top altcoin picks that could perform well based …
The altcoin market has been a focal point of attention, especially with growing signs of a turning point after a long period of sideways movement. After nearly 197 days of consolidation, market analysts are now predicting that the next week could be pivotal, not just for Bitcoin but particularly for altcoins. With major crypto conferences …
The crypto markets witnessed a steep pullback in the past few days, which dragged the Bitcoin price below $54,000. Fortunately, the price triggered a V-shaped recovery in the next few days, which stabilised the entire market. In the meantime, the memecoins, the Solana ecosystem tokens and the AI tokens have been gaining significant strength. A …
The memecoin space is gaining strength as the top cryptos are trying hard to rise & sustain above the achieved resistances. The volume over the platform has increased by over 6% and the market capitalization has also risen by nearly 2.5%. While Dogecoin & Shiba Inu have been sustaining above $0.1 and $0.00001, respectively, the …
Altcoins are stepping into the spotlight as Bitcoin falters. Recently, Bitcoin dropped to $52,827, falling nearly 11% before rebounding to $58,101. Despite this recovery, Bitcoin has struggled to break the $60,000 barrier since August. Meanwhile, Bitcoin’s market dominance has slipped by 1.3%, while the market cap of altcoins outside the top ten has climbed by …
Popular dog-themed meme coin Shiba Inu has taken a hit as its small wallet holdings have witnessed a significant decline in the midst of general market uncertainty, which has triggered heightened fear among cryptocurrency investors. Shiba Inu Small Holders Abandoning The Digital Asset? In a recent report from Santiment, a leading market intelligence platform, it […]
With the major cryptocurrencies regaining lost ground against the bears, the market has returned to the $2 trillion market cap level. This led to huge gains in the altcoin market as the tokens rode the bullish wave. AAVE is one of the largest gainers this week with a whopping 20% uptick. Related Reading: BNB Weekly Active Addresses Surge Over 6% – Is A Rally On The Way? This is largely due to the return of bullish sentiment in the market and positive on-chain development which drove speculation for the token. With the upcoming release of the consumer price index (CPI) data today, an optimistic market awaits to jump on the bullish train. AAVE DAO Eyes New Asset To Deploy On-Chain Yesterday, September 10, Aave Chan Initiative (ACI) released a proposal to the AAVE community to include Coinbase’s cbBTC to Aave v3 on both the Base and the Ethereum Mainnet. According to the proposal, Coinbase’s entry into the wrapped Bitcoin market brings a “unique value proposition to the Aave ecosystem.” ACI also points out how users of Aave will benefit if the proposal passes. Another addition to the pool of assets Aave supports is better asset diversification for users, giving them solid and reliable options to put their money. Overall, the addition of cbBTC on Aave is viewed with much enthusiasm, however, some members of the community are hesitant with the current version of the proposal. Midapple expressed concerns about the proposals, specifically about the timing and implications the proposal has. cbBTC was announced almost a month ago with no details about the mechanism behind the coin. With Coinbase’s centralized nature, the community will have some difficulty protecting the network against possible problems of early adoption like low liquidity. In the case of Coinbase, which is a regulated entity in the United States, regulatory scrutiny will also affect cbBTC in the future and, by extension, the Aave network itself. As of writing, no further revisions have been made to the proposal. The Aave DAO just deployed a dedicated @ether_fi market on Aave. Users will now be able borrow stablecoins like $USDC, $pyUSD, and $FRAX against their @ether_fi weETH liquid staking tokens. pic.twitter.com/s3Met9veuU — Aave Labs (@aave) September 9, 2024 Another development on-chain is the deployment of a dedicated Ether.fi market on Aave, introducing liquid restaking on the platform. According to the thread, the new addition is a glimpse at Aave v4 which has new features like dedicated liquidity instances and risk isolation. Related Reading: Vitalik Buterin Withdraws 760 ETH As Market Turmoil Strikes Ethereum Possible Correction To Occur Around ~$150 The token’s astonishing drive upward has been due to the market recovery from the early September slump. Currently, AAVE is right between the $147-$157 trading range which might provide the bulls with a strong support level. However, the token’s bullish momentum is almost spent up, marked by the relative strength index (RSI) indicating that the bulls are somewhat exhausted. Investors and traders should monitor the token’s movement in the coming days as a correction might push the token below $147 before settling above the latter. Featured image from StormGain, chart from TradingView
With only a few weeks before Q4 begins, investors and market watchers remain vigilant of the market’s performance. Many expect the next quarter will kickstart the rally’s second leg up, suggesting that most altcoins will explode in the coming months. Several analysts are bullish about the upcoming performances, hinting that the time to accumulate these cryptocurrencies is near its end and that the alt season is near. Related Reading: Crypto Investor Loses $16 Million Amid Friend.tech’s Controversy And Token Crash Investors’ Last Call Before The Altseason Bitcoin (BTC) and Ethereum (ETH) have taken a hit throughout Q3’s market retraces. Since July 1, the flagship cryptocurrency’s price fell more than 10%, while the “King of altcoins” plunged by over 30%. Nonetheless, several altcoins have led the market bounces amid the volatility, displaying a remarkable performance during the shakeouts. Many of the alts have outperformed their BTC pairs, as crypto analyst Michaël van de Poppe stated. Per the post, many technical indicators show that “the Bitcoin pairs of many of the altcoins have been crawling up.” The analyst also considers that BTC and alts have bottomed out and that a market’s next moves will “be great.” Moreover, altcoins’ dominance seems “ready to take the spotlight.” Analyst and trader Titan of Crypto recently noted that Bitcoin dominance “is on the verge of printing a new lower high.” To the analyst, this could trigger the Altseason between Q4 2024 and Q1 2025, which could last until mid-2025. Meanwhile, crypto analyst Alex Clay suggested that investors’ chance to accumulate alts might end soon as “Uptober” approaches. To the analyst, the second correction wave of the Elliot Impulse Wave is over. As a result, cryptocurrencies, excluding BTC and ETH, are ready to begin the third bullish wave. Clay highlighted that the second correction wave displayed a bullish flag pattern. Additionally, he noted that altcoins’ market capitalization has been supported “at the strong confluence of EMA 100 + MA 200 + Key zone.” Based on this, he forecasted the sector’s mid-term target could hit a market capitalization of $1.3 trillion by May 2025 before the fourth wave. Clay also predicted a “conservative” long-term target of a $1.65 trillion market cap for the final impulse wave. Will Altcoins Hit $2 Trillion? Miky Bull highlighted Altcoins’, including ETH, market cap impulse. To the trader, the cryptocurrencies’ market cap is getting ready to break from the bullish flash pattern, potentially targeting a mark above the $1.8 trillion level. Miky previously suggested that the alts chart follows “the 2020 blueprint.” However, he considers they will differentiate by the duration of the re-accumulation phase, as he deems this cycle’s expansion will be “longer and huge.” Related Reading: Analysts Say Bitcoin Will Break $90,000 In Q4 2024 But This Must Happen First Another crypto analyst, Moustache, noted that alts have been in a 2-year-long cup and handle pattern, which is considered extremely bullish. The pattern suggests that altcoins’ market cap will significantly increase from the handle lows. To the trader, if this scenario plays out, alts target a $2.14 trillion market cap by 2025. As of this writing, altcoins sit at a market cap of $558 billion, a 10% decrease since Q3 began. Featured Image from Unsplash.com, Chart from TradingView.com
The recent turmoil within the market has dragged the majority of the tokens below the crucial support levels. Meanwhile, some of the altcoins like FTM, AI tokens like FET or memecoins like WIF have been displaying significant strength. Amid the rising momentum of the tokens, the RWA tokens, which are used for real-world assets, are …
Story Highlights The live price of the Ordi token is . Ordi price could soar to a maximum of $80 by the end of 2024. ORDI price with a potential surge could go as high as $610 by the end of 2030. BRC-20 tokens are reshaping Bitcoin’s ecosystem, offering unmatched versatility to its blockchain. Built …
In recent news, 1kx Network, an early investor in Rocket Pool, has just deposited 203,320 $RPL worth $2.37M over Binance. The move comes just after the 22% surge with Binance’s RPL perpetual contract launch. In December 2020, 1kx received 500,000 $RPL at an average of $2.56. Since August 29th, 2024, they’ve deposited a total of …
Amid the ongoing crypto recovery led by Bitcoin (BTC) in the past 24 hours, Toncoin (TON)price rallied over 8 percent to trade at about $5.11 on Monday during the early New York session. The large-cap altcoin, with a fully diluted valuation of about $26.3 billion and a daily average traded volume of around $393 million, …
The recent weekend experienced a significant drop, with the SOL price reaching levels close to $121 while volume spiked beyond $3 billion. It was when the crypto market volume almost reached $100 billion that triggered a significant pullback. The recent pullback was expected to drive the Solana price into the major support zone between $125 …
XRP, the cryptocurrency linked to Ripple, might be gearing up for a significant squeeze against Bitcoin (BTC). Currently, the XRP/BTC pair trades at 0.00000968 BTC, marking a 34.5% drop since the beginning of the year. Despite this, it has rebounded with a 27% gain since June. Squeeze Alert: Could History Repeat? In an X post, …
Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024. Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally That is a move rather expectedly coming for traders and analysts that had previously viewed the ETFs as a means to improve market liquidity and therefore stabilize prices. Instead, what has taken place is rather different: the average market depth of 5% for ETH pairs has fallen to around $14 million. Meanwhile, offshore exchanges are posting a similar decline at about $10 million in liquidity. Ether Liquidity Down Following the launch of nine ETFs in July, Ether’s liquidity plummeted 20% on US markets and 19% on offshore locations. The decline in liquidity is one thing that raises concerns and, more importantly, it signals greater sensitivity to large orders. With shallow market depth, it follows that even minor trades can result in dramatic changes in prices. Jacob Joseph, a research analyst at CCData, said that liquidity is still better than at the beginning of the year but has really dropped almost 45% since its peak in June. Poor market conditions and seasonal effects are mainly responsible as summer months will have fewer trading activities. Market Dynamics And ETF Performance Their introduction was expected to increase liquidity, much as it had done in the case of the Bitcoin ETFs introduced earlier this year. However, the Ether market hasn’t responded as well. In the period since their introduction, Ether ETFs have suffered from over $500 million in cumulative outflows. That has contributed to a general decline in liquidity, making markets even more volatile. Surprisingly, ETFs have had their own performances. For instance, Grayscale’s ETHE ETF witnessed an outflow as high as $10.7 million, while BlackRock’s ETHA ETF saw an inflow as low as $4.7 million. Such mixed results hint that Ether markets are yet to come out of their troubled times, with investments reflecting investors’ reluctance to commit capital in unsure times. Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum Implications For Traders And Investors A drop in liquidity is a challenge for traders and investors alike, actually. In states of low liquidity, the slippage is much higher, and the price for the execution is costlier. The big problem lies in the fact that the institutional investors like their markets stable and with good liquidity. If these large players stop full operations, that could create some kind of vicious cycle when the liquidity will be even lower and prices go further down. For now, Ether trades hands at about $2,258, down over 4% in the past 24 hours. The wider cryptocurrency market is also under stress: All major altcoins, including Solana and Ripple, are in the red, posting losses in a range between 2% to 4%. Going forward, market participants will be in a position where expected benefits of the ETF introductions have not materialized for Ether. With potential interest rate cuts by the Federal Reserve, market attention in the future might shift to how these changes are going to affect liquidity and trading activity in the months ahead. Featured image from Getty Images, chart from TradingView
The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) has yet to be concluded despite Judge Analisa Torres’ August 7 ruling, which appeared to have ended the case. This follows a recent development showing that the SEC is still considering appealing the court’s ruling. Related Reading: Satoshi Nakamoto Tells NBA […]
Crypto traders with the necessary information had made smart decisions to exit the market before August and September bears took over. With the crypto market expected to rise again soon, the crucial question of how far the prices fall continues to linger in most traders. Moreover, Bitcoin price has not flashed any bullish signal in …
After the crypto market struggled to maintain a bullish recovery in the past few weeks following the August 5 crash, Bitcoin (BTC) price led the altcoin sector in notable losses on Friday. In the past two days, Bitcoin price has consistently closed below the crucial support level above $57k, thus indicating the bears are in …