THE LATEST CRYPTO NEWS

User Models

Active Filters
# coingecko
#ripple #xrp #xrp price #coingecko #xrp news #xrpusd #xrpusdt

XRP now finds itself trading around the $1.90 region due to an extensive pullback in the past 30 days. The question is now whether this pullback is a structural weakness or a necessary reset within a larger bullish structure.  A technical analysis shared by crypto analyst Tara focuses on this exact moment, highlighting why the current level could be far more important than it looks on the surface. XRP Tests A Macro Fib Support Zone Around $1.88 XRP’s price action in the past 24 hours saw it declining to an intraday low of $1.88, according to data from CoinGecko. However, technical analysis shows that this move has pushed the price action to a major macro support level around $1.88, which is defined by an important macro 0.5 Fib retracement on higher-timeframe charts. This zone has previously acted as a pivot, just like the bounce on November 21, which pushed the XRP price back to $2.26 within 48 hours.  Related Reading: XRP Mirrors 2016 Trend That Led To 69% Crash Before 110,000% Rally The chart included in the analysis, which is shown below, illustrates multiple Fibonacci confluences clustered between roughly $1.88 and $1.86, and this further adds to the idea that this region is structurally significant rather than arbitrary. From a price-action perspective, XRP’s current pullback has been orderly, with no sharp breakdowns below this support as of now, and sellers may be losing momentum as price compresses into this level. What A Bounce Or Breakdown Could Mean From Here Tara noted that moments like this tend to feel the scariest for traders, precisely because the price is sitting on support rather than moving away from it. These are the points where sentiment is weakest, and fear is most visible, even though risk-reward technically improves.  Therefore, retesting support is not inherently bearish. Instead, repeated support tests can absorb selling pressure and create the conditions for a stronger bounce. The most important takeaway from the analysis is not that XRP must rally immediately, but that the reaction at this level matters more than the level itself. If XRP holds above the $1.88 price level and avoids printing a decisive new low, the structure would favor a bullish continuation.  In this case, the upside targets will be between $2.18 and $2.20. From here, any bullish follow-through could carry XRP to $2.31. These are all midterm price targets that can be achieved before the end of the year. Related Reading: XRP Price Needs To Hold This Macro Support For Hope Of Revival Momentum indicators, including the RSI, are already in oversold territory on the 4-hour candlestick chart. This indicator adds to the possibility of a clean bounce for XRP from the strong support around $1.88. At the time of writing, XRP is trading at $1.90 and is already showing signs of holding above $1.88. On the other hand, a breakdown below $1.90 to $1.80 would invalidate the current bullish setup and redirect attention to lower retracement areas. Featured image from Getty Images, chart from Tradingview.com

#stablecoin #ripple #xrp #xrp price #coingecko #xrp news #xrpusd #xrpusdt #rlusd #spot xrp etfs

XRP has endured a difficult stretch in recent days, falling below the $2 level after a sequence of heavy selling. Price volatility across Bitcoin and other major assets added fuel to the drop, dragging XRP to lows around $1.92 and shaking the short-term sentiment of many traders.  However, several XRP supporters are still of the notion that this move is far from a cause for concern. One of the most vocal is an analyst operating under the name @WillyWonkaXRP on the social media platform X, who insisted that the dip does not alter the long-term trajectory. From his perspective, the current environment is still laying the foundation for a far higher valuation due to institutional takeovers. Crash Below $2 Is Not A Problem The analyst’s evaluation is based on the outlook that XRP is transitioning into a more structurally mature phase, highlighted by regulation, banking partnerships, and expanding utility. He pointed to recent approvals that removed long-standing legal uncertainties and to the growth of Ripple’s enterprise network, which now boasts more than 300 banking partners in over 40 countries.  Related Reading: XRP Price Has Surged 15% Anytime This Metric Appeared In The Past The analyst also highlighted the rollout of Ripple’s Liquidity Hub, the expansion of the RLUSD stablecoin, and the rising expectations for additional Spot XRP ETFs. In his view, these developments show that large-scale institutional integration is happening quietly beneath the short-term market noise, making the recent dip to $1.92 insignificant relative to a longer-term path he believes stretches well beyond $20. Speaking of price action, the XRP price fell to as low as $1.88 on November 21, according to CoinGecko. The chart accompanying the analyst’s post illustrates a long multi-year structure in which XRP repeatedly formed broad accumulation ranges before breaking above resistance. The pattern displayed across years shows several failed attempts at the same horizontal ceiling before eventually giving way. The current price action now puts XRP retesting from above. The pullback to the region around $2 corresponds almost exactly with this retest zone, which shows that the price is returning to confirm support rather than a breakdown of the larger trend.  What Would It Take For XRP To Reach $20? An XRP price rally to $20 would require a combination of technical follow-through and continued institutional participation. With the current circulating supply hovering around 60 billion tokens, a clean run to $20 would lift XRP’s market capitalization to about US $1.2 trillion. Related Reading: Analyst Claims XRP Price Will Surge To $220 Due To ETFs, But Is This Possible? Technically, XRP would need to maintain its hold above $2.00, as this level now serves as the anchor for any long-term bullish trajectory. Fundamentally, increased ETF inflows, growth of RLUSD, and greater adoption of RippleNet by global financial institutions would strengthen demand for XRP and create the needed buying pressure. At the time of writing, XRP is trading at $2.07, up by 2.4% in the past 24 hours. Featured image from Freepik, chart from Tradingview.com

#ethereum #bitcoin #crypto #binance #eth #btc #donald trump #coingecko #cryptocurrency market news #usde #hyperliquid

The biggest crypto market crash came and went over the weekend, but the effects still linger on. Bitcoin, Ethereum, and nearly every major digital asset suffered price crashes, and what began as a panic over former US President Donald Trump’s surprise 100% tariff announcement on Chinese tech exports soon spiraled into over $19 billion wiped from the crypto market.  In the aftermath, some analysts and commentators began piecing together what might have really happened, and many now believe that the crash was not natural but a meticulously coordinated event. The Crash Was Too Synchronized To Be A Coincidence Crypto commentator Ran Neuner was one of the first to argue that the weekend collapse appeared far too orchestrated to be random. In a post on the social media platform X, Reuner pointed out that the sell-off began immediately after US markets closed late on Friday, at a moment when both European and Asian trading desks were asleep.  Related Reading: Crypto Crash: $19.5 Billion Wiped Out In Record-Breaking Liquidation Event At the same time, several major oracles began showing inconsistent price data, liquidity across exchanges evaporated, and many users reported being unable to access trading platforms to buy the dip or close positions. Furthermore, crypto data platforms like CoinGecko were either offline or displaying incorrect information, so users had no data about the crash. According to Neuner’s assessment, this was not a string of isolated glitches but a chain reaction of failures happening simultaneously across the ecosystem. This looked like some players had pulled the right levers at exactly the right time, and the crash “was a highly coordinated and well executed attack.” Binance’s Collateral System Was Exploited? Another theory that has gained traction came from a commentator known as ElonTrades, who proposed that the crash was caused by an exploitation of a weakness within Binance’s internal pricing mechanism. His analysis suggests that the event wasn’t a spontaneous panic but a calculated attack that used Binance’s own systems against itself, with the shock of Trump’s tariff announcement serving as the perfect cover. Related Reading: Institutions Dump Massive Amounts Of Bitcoin And Ethereum As XRP And Solana Buying Ramps Up According to ElonTrades, Binance’s Unified Account system, which allows traders to use multiple assets as collateral for leveraged positions, had been operating with a significant vulnerability. Instead of relying on external oracle feeds or stable redemption values to mark collateral, the exchange used its own order-book prices. This meant that if someone could manipulate the price of a collateral asset within Binance, they could instantly devalue billions of dollars in margin accounts. Binance had already announced plans to move to oracle-based pricing, but the rollout wasn’t until October 8. Some traders began dumping $60million to $90 million of USDe and other tokens like wBETH and BNSOL on Binance to force their internal prices down, even though those same assets maintained normal value elsewhere. The artificial plunge in price caused the platform’s margin system to view thousands of leveraged accounts as under-collateralized and caused automatic liquidations. That localized depeg triggered between $500 million and $1 billion in forced liquidations. At the same time, these actors opened $1.1 billion in BTC/ETH shorts on Hyperliquid to take advantage of the depeg, which eventually netted $192 million in profit. Just as the forced liquidations began, Trump’s 100% tariff announcement hit global headlines, adding panic and confusion to the mix. Within hours, the liquidation chain had spread to other exchanges. Regardless of the reason behind the crash, Bitcoin and other cryptocurrencies are starting to recover. At the time of writing, Bitcoin is trading at $115,025, up by 2.85 in the past 24 hours. Ethereum is trading at $4,160, up by 8.5% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

#solana #sol #solana price #sol price #coingecko #solusd #solusdt #solana news #sol news

Solana is seeing a sharp rise in institutional demand, with publicly traded companies now holding over $591 million worth of SOL. According to new data from CoinGecko, four firms—Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital—have collectively acquired more than 3.5 million SOL, marking one of the strongest waves of corporate accumulation in the asset’s history. Solana Sees Massive Institutional Buying Spree Institutional appetite for Solana is accelerating at a pace not seen before, signaling a shift in market sentiment as major players seek exposure to SOL. A new report by CoinGecko reveals that four publicly listed companies have collectively acquired more than 3.5 million SOL, now valued at over $591 million.  Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout Leading the pack is Upexi, a Solana treasury company. Since late April 2025, Upexi has acquired 1.9 million SOL at an average cost of $168.63 per token, investing approximately $320.4 million. According to CoinGecko, the company’s position is currently valued at $319.5 million, slightly down by $0.9 million. However, the entire amount is staked, earning an 8% annual yield as of June 30.  Close behind is DeFi Developments Corp, an AI-powered online platform, with approximately 1,182,685 SOL in its treasury. The company has maintained an aggressive pace of accumulation, most recently adding 181,303 SOL on July 29 at an average price of $155.33 per token. CoinGecko reveals that DeFi Dev Corp acquired its total position at an average price of $137.07, making its holdings now worth $198.9 million, with an unrealised gain of $36.8 million. SOL Strategies, a Toronto-based investment firm, holds 392,667 SOL, acquired steadily from mid-2024 to July 2025. Purchased at an average price of $158.12, the company’s position is now worth $66 million, reflecting a $3.9 million gain. Finally, Torrent Capital, a publicly traded investment company, has acquired 40,039 SOL. CoinGecko notes that the firm bought its Solana holdings in 2025 at an average price of $161.84. Now valued at $6.7 million, this smaller but well-timed bet is sitting on a profit of approximately $0.2 million.  Overall, these four companies control roughly 0.65% of Solana’s circulating supply and about 0.58% of its total supply.  How Public Companies Are Buying SOL Moving forward, CoinGecko also reveals important details on how each company approaches its SOL allocation. While all four companies’ methods of accumulation differ, they share a growing confidence in Solana’s long-term prospects.   Related Reading: Is An XRP ETF Next After The Solana ETF Launch? Experts Answer According to the report, Upexi moved quickly, building the largest SOL treasury within four months and signaling a high-conviction and long-term bet. DeFi Developments Corp has taken a more tactical approach, adding to its position during market dips while remaining committed to holding.  On the other hand, SOL Strategies built its stake gradually over 13 months through dollar-cost averaging and staking rewards, reflecting a disciplined, long-term strategy. Lastly, Torrent Capital took on a more strategically timed move, securing gains ahead of Solana’s rally in 2025.  Featured image from Adobe Stock, chart from Tradingview.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #spot bitcoin etfs #coingecko #btcusd #btcusdt #btc news #cryptocon #fibonacci extension

Bitcoin has rallied massively over the past seven days by posting an impressive price gain of nearly 9% after climbing from around $108,300 to almost $118,800. This move was quite surprising, particularly as the process saw Bitcoin clearing its previous all-time high from late May by breaking above $111,970. But according to Bitcoin technical analyst CryptoCon, this breakout may just be the beginning. In a recent post on the social media platform X, CryptoCon revealed a long-term cycle pattern that points to a more ambitious price target for Bitcoin. Analyst Unveils BTC’s Golden Number For This Cycle In a recent post on social media platform X, CryptoCon revealed a long-term cycle pattern that points to a more ambitious target for Bitcoin. His analysis is based on the 5.618 Fibonacci extension, which is a number he says has perfectly aligned with every prior cycle top. The projection opens up the possibility of whether Bitcoin’s current move marks the start of another parabolic run. Related Reading: Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why CryptoCon’s technical chart analysis builds on the recurring 5.618 Fibonacci extension level in previous market cycles. The analyst shows how Bitcoin’s previous tops have fallen within striking distance of this precise extension by measuring the move of each market cycle and applying this golden ratio.  The chart shown below features the $30.84 peak in June 2011, the $1,205 top in November 2013, the $18,702 high from December 2017, and the peak of $63,839 in November 2021. Each of these market tops, as shown in the Bitcoin multi-year price chart below, converged on the same 5.618 multiple from their preceding bear market lows. Now, using this same approach in the ongoing cycle, CryptoCon projected that the next major step for Bitcoin is somewhere between $170,000 and $180,000. Particularly, the 5.618 Fibonacci extension points to a “Golden Number” of $184,181 for Bitcoin’s price in this cycle. Bitcoin Price Compression Is About To Expand Violently Several major forces appear to have contributed to BTC’s recent surge in the past 48 hours. A significant short squeeze earlier in the week reportedly wiped out over $1 billion in bearish positions. At the same time, US-based Spot Bitcoin ETFs registered over $1 billion in daily inflows in the past two consecutive days. Related Reading: Analyst Predicts Bitcoin Price Breakdown — Here’s The Best Time To Buy In his X post, CryptoCon also commented on the current state of Bitcoin’s chart: “All the boring price action is coming to a squeeze; it can’t stay that way forever.” This observation reflects the long period of tight, sideways trading between $105,000 and $108,000 that Bitcoin experienced in the previous two weeks. At the time of writing, Bitcoin is trading at $117,762, retracing slightly after reaching its most recent all-time high of $118,667, according to CoinGecko data. Other crypto analysts now find themselves watching the $130,000 region as another zone of consolidation activity on the way to the possible cycle peak. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #ripple #xrp #xrp price #coingecko #xrp news #xrpusd #xrpusdt #us sec

As the XRP price takes center stage, bold predictions about its future outlook persist across online forums and social media. Among the most ambitious claims is the idea that the XRP price could skyrocket to $1,000 or even beyond. In response to these projections, a crypto analyst has outlined several key factors that would need to align for XRP to reach such a target.  Factors Needed To Take The XRP Price To $1,000 While it’s tempting to imagine XRP hitting a four-digit price target, X (formerly Twitter) crypto analyst Jasmin argues that the numbers don’t support such a prediction. For the XRP price to reach $1,000, it would need to climb as high as 46,848%, accompanied by key factors like a significant rise in global adoption, especially by financial institutions.  Related Reading: XRP Price To $1,000: Analyst Reveals Target For When Banks Start Using XRP Although Ripple, a blockchain company, has made progress in partnering with global banks and fintech firms for cross-border payments, that level of adoption is still nowhere near enough to support a $1,000 XRP price tag. To even approach this level, XRP would need to become a fundamental part of the global financial structure across different sectors, particularly in banking, remittance, and investment.  But beyond simple adoption, XRP would have to be deeply integrated into major economies in such a way that it becomes an indispensable currency for daily transactions. For this to happen, Jasmin reveals that the cryptocurrency would need widespread regulatory clarity to ensure that it can be used in multiple jurisdictions without any legal barriers.  The ongoing legal battle between Ripple and the US SEC has already created years’ worth of uncertainty around XRP’s legal status. Until this issue is resolved favorably, the cryptocurrency’s potential for mainstream adoption remains limited.  Jasmin has also highlighted that XRP would have to incorporate mechanisms that would drastically reduce its circulating supply. While the cryptocurrency’s price could grow with more aggressive token burns, a jump to $1,000 still seems unlikely. Such a high valuation would also need massive speculative trading activities, which are usually seen during bull markets.  How Market Cap Influences A $1,000 Projection Based on Jasmin’s analysis, the most significant factor that makes a $1,000 XRP price projection unrealistic is its market capitalization. Currently, XRP has a market cap of about $125.15 billion, and for its price to hit a four-digit level, its total market valuation would need to reach $50 trillion.  Related Reading: XRP Price Cross That Led To 20x Rally In 2017 Returns To put this in perspective, the global crypto market capitalization today is $3.09 trillion, according to CoinGecko data. This would mean that XRP alone would need a market cap over 15x higher than the entire crypto market.  Furthermore, Bitcoin, the largest cryptocurrency, has never even come close to reaching a $10 trillion market cap. BTC’s market valuation currently sits at $1.92 trillion, meaning XRP would have to surpass it by over 25x to get a $50 trillion market cap.   Due to these extreme market cap requirements, Jasmin argues that a $1,000 or even $10,000 target is highly unrealistic. However, she acknowledges that a price surge to $5 or even $10 is a far more attainable goal. Featured image from Getty Images, chart from Tradingview.com

#bitcoin #crypto #altcoin #tokens #digital currency #coingecko

A wave of failures on a previously unimaginable scale has swept over the crypto market at the start of 2025, with a record 1.8 million tokens collapsing during the first quarter. That is almost 25% of all crypto tokens issued since 2021, says a report by crypto information platform CoinGecko. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development A Quarter Of All New Crypto Tokens Collapsed In First Three Months Of 2025 The meltdown hits a massive portion of the crypto market. According to CoinGecko research analyst Shaun Paul Lee, of the almost 7 million cryptocurrencies listed since 2021, over half (3.6 million) have ceased trading entirely. The mortality rate has surged significantly from earlier years. The first three months of 2025 experienced more token failures than any calendar year on record, Lee wrote in his April 30 report. The figure is especially noteworthy compared to the whole span from 2021 through 2023, which represented only 12.6% of all cryptocurrency failures in the last five years. Trump’s Presidency And Market Turbulence Linked To Crypto Demise As the report states, the recent die-off of tokens coincides with wider market volatility since Donald Trump’s inauguration as US President in January. As Bitcoin hit an all-time high during this period, it was followed by a steep decline in crypto markets. Things got worse in March, when both cryptocurrency and equity markets saw unprecedented volatility. This volatility followed Trump’s threat to apply sweeping tariffs, which caused shockwaves in multiple financial markets. Easy Token Creation Tools Caused Market Flooding The record surge in token failures begins back in January of 2024, when an easy token creation tool called Pump.fun emerged. The website allowed for it to be extremely easy to build new cryptocurrencies, causing a torrent of memecoins and lazy projects to flood the market. More than 3 million new crypto tokens were released in 2024 alone – almost four times the amount of 2023, which had slightly more than 835,000 new additions. Prior to Pump.fun, cryptocurrency failures were not very common, with figures in the “low six digits,” Lee’s analysis said. Almost All Pump.fun Tokens Fail To Graduate To Open Market The statistics are such that approximately 98% of tokens minted on Pump.fun do not live past the site. Even at the platform’s most successful week in November of 2024, only 1.67% of memecoins managed to transition to the open market. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed CoinGecko founder Bobby Ong noted in a March report that investor demand for memecoins seems to have dissipated following a string of failed launches. He specifically cited the aftermath of the Libra (LIBRA) token launch as part of the reason. Although Pump.fun saw its all-time weekly trading volume after Trump’s memecoin launched on January 18, the volatility that followed in the markets seems to have subdued the excitement in the crypto sector. The report indicates how the marriage of simple token creation software and volatile market conditions has formed a perfect storm for cryptocurrency collapse, with no indication that the trend will be slowing down as we progress further into 2025. Featured image from Gemini Imagen, chart from TradingView

#bitcoin #crypto #btc #altcoins #coingecko #memecoins #btcusd

According to CoinGecko’s 2025 Q1 Report, the cryptocurrency market, led by Bitcoin, lost nearly one-fifth of its value in the first quarter of 2025, fully negating the gains made towards the end of 2024. Related Reading: Is Shiba Inu On Track To Dethrone Dogecoin? Here’s What The Experts Say Total market value witnessed a drop of $3.8 trillion to $2.8 trillion, an 18.6% decline over the quarter. This sharp plunge marked the turnaround before the inauguration of Donald Trump as US president, in stark contrast to last year’s ramp up. Trading volume also suffered some contractions, as the daily volumes dropped to $146 billion, a decrease of 27%. Bitcoin Rules Market While Others Decline Bitcoin insulated itself reasonably from the turbulence in other cryptocurrencies so that its market share reached nearly 60%, the highest in four years. Bitcoin achieved peak valuation at $106,182 in January shortly after inauguration but plunged almost 12% to finish the quarter at $82,514. Compared with Bitcoin during this period, gold and US Treasury bonds were traditional safe-haven investments with lower performance. Compared to Ethereum, however, the situation was much worse. Its price fell by 45%, essentially wiping out all gains in 2024. Its market share dropped to almost 8%, the lowest it has been since the end of 2019. As it has been observed by most analysts, this downturn is not something new since more and more activities have shifted toward “Layer 2” networks built atop Ethereum and not using the Ethereum main network. Meme Coins Crash After Major Scam The previously red-hot meme coin space received a rude wake-up call in early 2025. Following a boom in Trump-themed tokens, the industry was severely hurt when the Libra token – introduced by Argentina’s President Javier Milei – proved to be a scam. The project was abandoned by developers after they had taken investors’ funds, shattering confidence in such tokens. By late March, new token launches on the platform Pump.fun per day had dropped by over 50%. DeFi Industry Loses More Than A Quarter Of Its Value Not even the decentralized finance (DeFi) industry was exempted. Overall money in DeFi projects dropped 27% to $48 billion during the first quarter. Ethereum’s dominance in the DeFi space declined to 56% by quarter-end. Related Reading: Solana Hits Milestone As Canada OKs First Spot ETFs Not everything was negative, though. Stablecoins such as Tether (USDT) and USD Coin (USDC) became more popular with investors seeking a safer bet as the market tanked. Solana also remained in its leadership position, holding 39.6% of all decentralized exchange (DEX) trading during Q1, courtesy mostly of meme coin mania. Even Solana’s leadership, however, started to wane at the end of the period as the meme coin mania declined. The dramatic shift in market sentiment shows how quickly cryptocurrency fortunes can change. After a promising end to 2024, the new year brought a harsh reality check for crypto investors, with nearly $1 trillion in market value disappearing in just three months. Featured image from Pexels, chart from TradingView

#defi #dex #memecoin #asia #coingecko #cex #chk2025 #consensus hong kong 2025 coverage

CoinDesk caught up with CoinGecko’s Bobby Ong to talk about all the good things — but mostly the bad things — about crypto’s centralized exchanges.

#bonk #coingecko #supply #demand #token burn #dog-themed memecoin #bonkdao #christmas day

The Bonk team initially promised to execute the burn on Christmas Day, but didn’t get around to it until a day later on Dec. 26.

#polymarket #coingecko #us elections #2024 elections #prediction market #united states elections #decentralized prediction markets #betting markets

Decentralized prediction markets could offer more accurate predictions for the US elections than traditional polling systems, according to Elon Musk.

#blur #bitcoin ordinals #coingecko #opensea #nft trading volume #magic eden #nft marketplace #august 2024

Magic Eden led the NFT market in August with $122.47 million in trading volume, securing 36.7% market share.

#cryptocurrencies #law #china #investigation #arrest #coingecko #market capitalization #police #china bitcoin ban #feixiaohao #data aggregator #chinese

Launched in 2017, Feixiaohao is one of the many Chinese websites that remained operational even after the major cryptocurrency ban was enforced in China in 2021.

#solana #sol #santiment #solana price #coingecko #solusdt

Solana (SOL) has been one of the best-performing assets since the last quarter of 2023 and so far this year. This positive run has sparked several conversations about the altcoin’s bullish potential and its likelihood of significantly surpassing its current all-time high in this cycle. However, it appears that several crypto enthusiasts are still not […]

#bitcoin #btc #crypto market #wif #coingecko #memecoins #popcat #rwa #btcusdt #cryptocurrency market news #bome #memecoin mania #cat-themed coin #mew #celebrity memecoins #total #celebrity tokens #dog-themed token #ia

Following the highs of 2024’s first quarter (Q1), the crypto market faced a retrace during the second one (Q2). Despite this, Memecoins has remained the reigning champion of the market for the last three months. Related Reading: Big Filecoin Rally Ahead: Analyst Predicts 4,000% ‘Uphill Run’ Total Crypto Market Cap Falls 14% In Q2 On Tuesday, CoinGecko released its 2024 Q2 Crypto Industry Report. In the report, the crypto tracking website revealed that the total market capitalization declined last quarter. The total crypto market cap dropped 14.4%, $408.8 billion, in the last three months. The crypto market closed Q2 with a market cap of $2.43 trillion, unable to make new all-time highs (ATH). Comparatively, the total crypto market cap reached $2.9 trillion in March. During Q1, the market soared 64.5%, doubling Q3 2024’s growth. In absolute terms, the growth of this quarter (+$1.1 trillion) was almost double that of the previous quarter (+$0.61 trillion). This was largely driven by the approval of US spot Bitcoin ETFs in early January, sending BTC to a new all-time high in March. Additionally, CoinGecko highlighted that the crypto market cap was outperformed by the S&P 500, which registered a 3.9% increase. As a result, the correlation between the total crypto market cap and the S&P 500 plummeted from 0.84 in Q1 to 0.16 in Q2. In Q2, crypto volatility remained high, with an annualized volatility of 48.2% for the total crypto market cap. Meanwhile, Bitcoin (BTC) and the S&P 500 saw 48.2% and 12.7% volatility. Memecoins Continue Leading The Market Despite the market retrace, Memecoins remain the most popular narrative in Q2. According to CoinGecko’s categories web tracking, the sector dominated the chart with a 14.3% market share. Last quarter, Memecoins emerged as the most popular and profitable narrative. The sector delivered massive returns in the first quarter of 2024, with an average return of 1,313% across the top tokens. Tokens like Dogwifhat (WIF) and Book Of Meme (BOME) became market sensations, fueling the memecoin frenzy. These tokens had over 2,000% and 1,000% returns. This quarter, the market saw a Celebrity memecoin frenzy. Public figures like Iggy Azalea, Caitlyn Jenner, and Andrew Tate joined the industry amid controversial launches, hacks, and scam allegations. Moreover, the PolitiFi memecoins surged in popularity. Last week, these tokens outperformed most categories in the crypto market following Donald Trump’s failed assassination attempt. 4 out of the top 15 most popular narratives were memecoin-related, with Solana and Base memecoins registering an 8.44% and 4.61% share. Meanwhile, cat-themed tokens overpowered Q1’s reigning champions in the sector, Dog-inspired tokens. Related Reading: Whale Makes $8 Million With Trump-Inspired Memecoin As PolitiFi Tokens Soar This quarter, the feline-inspired tokens made it to the top 15. The category ran remarkably this cycle, with tokens like Cat in a Dogs World (MEW) and Popcat (POPCAT) surging over 200%. Similarly to Q1, Real World Assets (RWA) and Artificial intelligence (AI) were the second and third most popular sectors. RWA registered an 11.3% market share, while IA tokens saw a 10.9% share of market attention. Featured Image from Unsplash.com, Chart from TradingView.com

#coingecko #crypto security #crypto phishing attack #email data breach #phishing emails #getresponse hack #cryptocurrency data breach #user data leak #email security breach

The email platform's security breach occurred due to a compromised employee account.

#blockchain #coinbase #cryptocurrency exchange #justin sun #huobi #htx #coingecko #crypto trading #spot trading volume

Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes.

#blur #okx #yuga labs #bored ape yacht club #cryptopunks #creator royalties #coingecko #trading volume #opensea #magic eden #tensor #floor prices

CoinGecko cited Magic Eden’s new Diamond reward program and its ongoing commitment to support creator royalties as the main catalysts.

#defi #altcoin #coingecko

The new update expands CoinGecko’s API coverage to 2.2 million tokens across 2.5 million liquidity pools.