The founder of Dizer Capital, Yassin Mobarak, recently revealed why crypto investors should not miss out on investing in XRP despite its unimpressive price action so far. The crypto analyst made this revelation while also acknowledging how difficult it is to hold the crypto token for now. The XRP Rally Will Be Massive Mobarak suggested […]
Popcat has grown to one of the top three Solana-based meme coins in the past few months. The listing on the Binance exchange will significantly boost Popcat’s liquidity and trading volume. Meme coins are still considered favorites among speculative traders and chains seeking to grow on-chain activities. The emergence of meme coin mania on the …
Cryptocurrency corporations have spent a staggering $119 million campaigning in the political landscape for the 2024 US elections. That is nearly half of all corporate contributions in these elections, which total nearly $250 million. Related Reading: Crypto ATM Raid In Germany Yields Nearly $28 Million In Cash Out in front, companies like Coinbase and Ripple […]
Ocean Protocol has rescheduled the launch of its Nodes Incentive Program to Aug. 29, complete backend updates and enhancements.
Uniswap (UNI), an Ethereum-based altcoin is making waves in the cryptocurrency landscape due to its impressive price surge and recent breakout. On August 22, 2024, following the breakout, a whale reactivated after six months and withdrew a significant 1.48 million UNI tokens worth $10.4 million from Coinbase Prime, as reported by the on-chain analytic firm …
Bitcoin recently pushed above $60,000, driven by key macroeconomic factors. Traders are excited about a breakout towards $70,000. The minutes from the Federal Reserve’s recent meeting suggested rate cuts are likely, which is expected to boost Bitcoin’s price as lower interest rates increase global liquidity. Additionally, political developments, such as Donald Trump’s increased chances in …
The cryptocurrency space with a trading volume of $69.9 billion (+10.10%) has recorded a jump of 1.72%, from $2.10 trillion to $2.14 trillion over the past day. Following this, the price of Bitcoin has jumped approximately 3% with a 24-hour High/Low of $61,834 and $58,839. Presently, BTC is valued at $60,799 with a market cap …
Crossing above $2,500 per ounce at $2,531, gold prices have reached a fresh record high. Rising hopes of US Federal Reserve interest rate reductions could be the impetus for this movement. Investors seeking the security of gold—the focus of which has left Bitcoin and other cryptocurrencies in its wake—have been driven by worries of an […]
The crypto ecosystem has seen a surge in memecoins and their popularity over the past year. Still, the craze has ushered in a wave of scams and rug pulls targeting unsuspecting investors. The latest victim of this trend is the Solana-based GRIMACE coin, which was the subject of a rug pull. GRIMACE Surges 400% After McDonald’s Instagram Hack The incident began when hackers accessed the official McDonald’s Instagram account and used the platform to promote the GRIMACE token. The hackers spread misinformation, falsely claiming that McDonald’s had issued the GRIMACE memecoin on the Solana blockchain. Related Reading: Here’s What’s Going On With The Shiba Inu Price This had the desired effect, as investors rapidly piled into the GRIMACE token, driving its market capitalization from a modest $500,000 to a substantial $25 million in 30 minutes. At its peak, the token’s price skyrocketed by nearly 400%, reaching $0.02500 from an initial value of just $0.0005110. However, the euphoria was short-lived. After the token’s rise, the anonymous developers behind GRIMACE executed a classic rug pull, abruptly abandoning the project and absconding with over $700,000 in investor funds. The hackers even posted a message on the McDonald’s Instagram bio, brazenly stating, “Thank you for the $700,000 in Solana.” Solana Price Analysis On the other hand, the Solana price has been relatively stable since Monday, trading within a newly formed range between $138 and $142 after recovering from the drop at the beginning of the month toward the $109 level, which was the lowest point since March this year. Over the past 24 hours, SOL has recorded almost no changes compared to Tuesday’s price, experiencing a slight 0.9% drop despite Bitcoin (BTC) and Ethereum (ETH) surging nearly 3% and 2%, respectively. This lack of price movement suggests little demand for the fifth-largest cryptocurrency in the market over the past week, further evidenced by a 14% drop in trading volume to $2.2 million in the last 48 hours, according to CoinGecko data. Related Reading: Tron Rises 24% Amid New Developments – Will The Uptrend Continue? The consolidation in Solana’s price is also concerning for bullish investors, as the token has failed to overcome its key technical indicators. Currently trading at $142, SOL has not breached its 50-day and 200-day exponential moving averages (EMAs), which are positioned at $143 and $151, respectively. Overcoming these levels would be crucial for sustained price recovery and provide important support floors in the event of potential corrections. However, it is worth noting that after the broader cryptocurrency market crash on August 5, SOL found significant support at the $129 level, representing a critical near-term defense for Solana’s price action. Featured image from DALL-E, chart is from TradingView.com
After a strong 3.7% of green 4-hour engulfing candle, Bitcoin (BTC) once again reached its crucial level near $62,000. However, this is the fifth time BTC has reached this level in the last 15 days, and each time it has faced massive selling pressure, resulting in a significant drop in BTC’s value Bitcoin’s Upcoming Levels …
In the aftermath of Binance’s settlement in 2023 with US authorities and the subsequent resignation and conviction of its former CEO Changpeng Zhao (CZ), the regulatory landscape appeared to have quieted down for the exchange and its key figure. However, recent revelations by a former Department of Justice (DOJ) official-turned-lawyer for blockchain company ConsenSys have […]
On August 21, 2024, the defunct and oldest crypto exchange, Mt. Gox, moved a significant over 14,530 Bitcoin (BTC) worth $860 million in the last 24 hours, as the on-chain analytic firm Spotonchain reported. Following these transactions, the overall cryptocurrency market experienced massive selling pressure. Mt. Gox $860 Million BTC Transfer With the recent transfer, …
Bitcoin is once again encountering resistance at a crucial level. Despite this, the price is maintaining its support on shorter timeframes, specifically the 2-hour chart, where Bitcoin has managed to hold above a key support level. This support has prevented a major breakdown, even after the market saw significant liquidations. According to analyst Josh of …
As of now, the total cryptocurrency market capitalization, which includes Bitcoin and all altcoins, has not yet surpassed its previous all-time highs when adjusted for inflation. The peak was around $73,000, surpassing the previous high of $69,000 in the last cycle. For altcoins, similar performance patterns are expected. Analyst Jeff Sekinger said that historically, altcoins …
With a drop of 1.95% over the past day, the cryptocurrency market is presently valued at $2.10 Trillion. Further, the BTC price has failed to hold its value above the $61K level, resulting in it retesting its support level at the $59,000 mark. The altcoin leader, ETH price displayed a similar action by dropping 3.47% …
Hamster Kombat, a name that has gained a massive traction in the crypto world, promised the biggest airdrop of all time. They’ve always claimed they didn’t need to chase investors for funding, presenting themselves as an independent force in the crypto space. But some stories being unfolded suggest this might not be entirely true. The …
For young people especially, crypto has grown to be a hot button topic in the 2024 US election. Frustrated with the conventional financial system and seeking candidates to push their interest in digital finance solutions and digital currencies, Gen Z and Millennials today account for 40% of the vote, according a recent Coinbase survey. Related […]
The total crypto market cap surged by over 2 percent in the last 24 hours to hover about $2.24 trillion on Tuesday during the mid-London session. The altcoin industry quickly responded to the Bitcoin (BTC) price surge above $60k. As of this writing, Bitcoin price had surged 4 percent in the past 24 hours to …
While crypto has been at the eye of the storm in the race for the White House, a notable absence in the recent unveiling of the Democratic Party’s latest platform ahead of the Democratic National Convention has discouraged the industry. The document, unveiled amidst heightened anticipation, notably overlooks any mention of Bitcoin or digital assets, […]
Hamster Kombat, the popular telegram based game, keeps bringing new cards to the game every few days. Do these cards have some meaning or are they just randomly launched? Well sometimes they represent something trending in the real world and sometimes it’s a message for the community. Have you seen the latest crypto.com card? Let’s …
In what turns out to be a shocking turn of events, really proving how deep cryptocurrency frauds run, an Indian investor from Gujarat, Shailesh Babulal Bhatt, has been arrested for kidnapping two employees associated with the founder of the infamous cryptocurrency BitConnect, Satish Kumbhani. Related Reading: Crypto Market Flourishes In Turkey Amid Growth In Licensed […]
Nasdaq and NYSE have reportedly shelved plans on Bitcoin ETF options, proving a massive dampener for all those investors looking for more accessible cryptocurrency trading. This comes in as both the exchanges have called back their applications meant to list and trade options based on Bitcoin ETFs. In a move that we could say is […]
Uniswap (UNI) price targets a comeback to $6.7 as bullish momentum continues to build. A break above the key level could signal a renewed bullish trend potentially leading to further gain for the cryptocurrency. With market sentiment gradually shifting, the question now is can Uniswap maintain its momentum and hold the line at $6.7, or […]
Amid the ongoing challenges in the cryptocurrency landscape, an analyst has shared a bullish outlook for Shiba Inu (SHIB). In a post on X (previously Twitter), the analyst noted that SHIB is on the verge of breaking out of a massive bullish falling wedge price action pattern on a daily time frame. Shiba Inu Near …
Ethereum, the world’s second-biggest cryptocurrency has been consolidating in a tight range following the breaking of a bearish rising wedge price action pattern on a daily time frame. During this ongoing consolidation, a crypto whale Metalpha (Gnosis Safe Proxy address) has transferred a significant ETH to Binance. Ether Whale offloads $26 million of ETH According …
Google has been reportedly sued for $5M in crypto theft, which was lost through an alleged ‘malicious’ wallet app download from the firm’s Play Store. According to the victim, Maria Vaca, she downloaded the app from the Play Store, as she thought that the wallet app was legitimate. However, the app allegedly ‘turned malicious’ and …
A smart money address has made over $14 million in profit by selling Wrapped Bitcoin (WBTC). According to on-chain data from Arkham Intelligence, the smart whale address “ox3c9” liquidated its Wrapped Bitcoin holdings accumulated over the past 10 months, making a staggering $14.26 million profit. The address initially started bagging coins from Binance in October …
Paypal USD (PYUSD) has grown heavily over the last few days, becoming the sixth-largest stablecoin. It entered the market in August 2023 and immediately grabbed everyone’s attention. It has been part of the top 10 stablecoin category, bringing 500,000 transactions to the network. Moreover, in a new milestone, its supply grew by $140.9M in 10 …
According to analyst Josh of Crypto World, a new bullish divergence has been confirmed on the two-hour Bitcoin chart, where the price shows lower lows, but the Relative Strength Index (RSI) is indicating higher lows. This divergence suggests a short-term relief, likely resulting in either neutral or slightly bullish price action over the next few …
A Nigerian court has ordered the freezing of nearly $40 million in crypto funds believed to have been used to support nationwide protests against the government. The ruling, amid heightened tensions over the rising cost of living in Africa’s most populous nation, has sparked concerns over the authorities’ response to civic unrest. Anti-Graft Agency Freezes […]