The post Ripple (XRP) or Cardano (ADA): Which Altcoin Will Hit $1 First? appeared first on Coinpedia Fintech News
After displaying a bearish price action over the past month, the cryptocurrency market has kickstarted the month of July with a strong bullish jump. Moreover, top tokens have successfully surpassed their important levels, indicating a positive outlook in the coming time. Moreover, XRP and ADA tokens have each recorded a jump of approximately 3% within …
Nvidia's market cap grew 2,782.8% over five years, surpassing Bitcoin and Ethereum's growth. The tech giant now valued at over $3 trillion.
The post Nvidia soars 2,782% in five years, outshining Bitcoin and Ethereum appeared first on Crypto Briefing.
WIF has entered the breakout stage of its prevailing BARR Bottom pattern, with Solana ETF hype furthering the memecoin's upside outlook.
It "abstracts away the complexity of the blockchain user experience and feels like any tech product running on a centralised database," they write.
Ethereum, the world’s second-largest blockchain platform, has entered a new era marked by record-low transaction fees. This dramatic shift, the most significant since 2016, has sent ripples of excitement through the cryptocurrency community, raising hopes for increased adoption and a more accessible DeFi (Decentralized Finance) landscape. Related Reading: Bitcoin Weekend Trading Takes A Siesta: Volumes Plunge To Record Lows From Pricey To Penny-Pinching Previously, Ethereum’s notorious gas fees, the cost of processing transactions on the network, had become a major barrier to entry. During peak periods in 2021, fees skyrocketed to a staggering 100 gwei, effectively pricing out many users and hindering the network’s growth. This recent fee freefall, however, paints a drastically different picture. With average fees hovering around 3 gwei (equivalent to a fraction of a US cent), interacting with the Ethereum network has become significantly more affordable. News of the record-low gas fees first surfaced via Wu Blockchain, a respected online source for cryptocurrency news. The information was then corroborated by Coinbase Director Conor, lending further weight to the reports. According to data shared by Coinbase Director Conor, Ethereum is experiencing the lowest average network fee since 2016. Among the 10 periods with the lowest average fee per hour on the Ethereum network, 9 were recorded this week, all below 3.3 gwei. At 4:00 UTC on June 30, the… — Wu Blockchain (@WuBlockchain) June 30, 2024 Analysts attribute this dramatic decline to a confluence of factors. Recent network upgrades, specifically those focused on improving efficiency, have played a crucial role in streamlining transaction processing. Additionally, the overall decrease in network activity, potentially due to a broader crypto market slump, has also contributed to the lower fees. A Boon For Builders And Blockchain Beginners? The implications of these low fees are far-reaching. For developers, the Ethereum network has become a more attractive platform for deploying decentralized applications (dApps). Lower transaction costs make it easier to experiment and iterate on new projects, potentially leading to a surge in innovative dApp development. YCharts offers a visualization tool for tracking the Ethereum Average Transaction Fee. This chart (above) allows users to monitor fee trends over time, providing valuable insights into network activity and user behavior. Related Reading: Bullish Signs For Polkadot (DOT): Analyst Eyes $12 On The Horizon For users, particularly those new to the crypto space, the reduced fees significantly lower the barrier to entry. This opens the door for a wider range of individuals to participate in DeFi activities, such as lending, borrowing, and trading digital assets. A more accessible Ethereum could lead to a broader user base and a more robust DeFi ecosystem. However, some experts caution that the long-term implications of these low fees remain to be seen. The Ethereum network relies on transaction fees to incentivize miners who validate transactions and secure the network. A sustained period of extremely low fees could potentially impact network security, raising concerns about the long-term health of the ecosystem. Featured image from Swyftx Learn, chart from TradingView
Hashnote Harbor will enable clients to earn yields on digital commodities without the assets ever leaving the custody of Anchorage Digital.
The post Philippines Adopts Tether’s USDT for Social Security Payments appeared first on Coinpedia Fintech News
A new crypto-payment option for Philippine citizens is introduced by Tether. It has partnered with Web3 shopping and infrastructure firm Uquid to allow citizens of the Philippines to pay their SSS contributions in Tether on The Open Network blockchain. The Social Security System (SSS) is a state-run social insurance program that serves employees in the …
The post Shiba Inu Executive Reveals Where The Power Of SHIB Lies appeared first on Coinpedia Fintech News
Shiba Inu’s social media lead, Lucie, has addressed the global Shiba Inu community as she revealed where the power of SHIB lies, and how they plan to expand it. She asked the community to think of SHIB as bodybuilding. She stated that the power of SHIB lies in its ability to form strategic partnerships and …
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 27-July 3.
The post Major XRP Transfer Sparks Speculation Ahead of Ripple Escrow Execution appeared first on Coinpedia Fintech News
Just before July 2024, The crypto community was stirred by a substantial movement of 200 million XRP, valued at $94.56 million, between two anonymous addresses. A X page, named as Whale Alert, reported this transaction on Sunday, causing widespread speculation about its purpose and implications. Ripple’s Escrow Activities Under Scrutiny The timing and magnitude of …
Ether spot ETFs, once launched, should help broaden institutional appetite for other digital assets, the report said.
Onchain Highlights DEFINITION: The Investor Tool is intended as a tool for long-term holders, indicating periods when prices are likely approaching cyclical tops or bottoms. The tool uses two simple moving averages of price as the basis for under/overvalued conditions: the 2-year MA (green) and a 5x multiple of the 2-year MA (red). Price trading below […]
The post Bitcoin remains above 2-year SMA, suggesting growth potential appeared first on CryptoSlate.
The post Crypto Market Report Q2 2024: Solana and Litecoin Attract $3M Combined Inflows Last Week appeared first on Coinpedia Fintech News
As the second quarter of 2024 just concluded, a weekly report from CoinShares shows that digital asset investment products registered three consecutive weeks of cash inflows. Last week, the total cash flow of digital asset investment products amounted to a negative $30 million. Ethereum’s investment products recorded a cash outflow of about $60.7 million in …
The latest price moves in bitcoin (BTC) and crypto markets in context for July 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The world of cryptocurrency is witnessing a boom in accessibility, with Bitcoin ATMs leading the charge. From a meager 10,000 in October 2020, the number of these cash-to-crypto converters has ballooned to over 38,000 globally. This surge isn’t just a fad; experts predict continued growth fueled by a perfect storm of convenience, profitability, and strategic […]
The post Japan’s Prime Minister Will Speak At Japan’s Largest Web3 Conference, WebX 2024 appeared first on Coinpedia Fintech News
Coinpost announced that Prime Minister Fumio Kishida will be speaking at the international Web3 conference ‘WebX’ in Tokyo, Japan, to show support for the development of the Web3 industry in Japan. The conference event will be held from August 28 to 29. WebX is the largest Web3 conference in Asia and Japan, which brings together …
The post Roaring Kitty Acquires 9M CHWY Shares, CHWY Sees 22% Surge appeared first on Coinpedia Fintech News
Roaring Kitty has acquired a massive 6.6% stake in Chewy Inc., a prominent pet products retailer listed on NYSE as it acquired a whopping 9.01 million CHWY shares. This caused a notable 22% surge in Chewy’s shares during premarket trading. This acquisition worth over $245 million places Roaring Kitty as one of the largest shareholders …
The post Kronos; The First Public Company In the US To Accept Shiba Inu Payments appeared first on Coinpedia Fintech News
Kronos Advanced Technologies Inc becomes the first public company in the US to accept Shiba Inu payments for its products as disclosed by the company in a recent filing with the SEC. Currently, there are about 1.38 million SHIB wallet holders, who could benefit greatly from this development. With the incorporation of Shiba Inu, Kronos …
Keith Gill, known for his role in the GameStop saga, surprises the market with a significant stake in Chewy, Inc.
The Philippines integrates Tether's USDT for social security payments, simplifying transactions with crypto.
The post Tether launches USDT payments for social security contributions in the Philippines appeared first on Crypto Briefing.
GameStop trader, Keith Gill, bought over 9 million shares in the American pet store Chewy in June, according to an SEC filing.
The post Top Altcoins To Buy That Can Hit ATH In July 2024 appeared first on Coinpedia Fintech News
With the Bitcoin price taking a bounce back at the $60K support zone, the broader market anticipates an optimistic price movement this month. Further, the altcoins reveal a high momentum bullish trend in the low-cap sector that may soon surpass their all-time high levels. As the bull run anticipations rise, the smart money follows such …
Onchain Highlights DEFINITION: The stock-to-flow (S/F) Ratio is a popular model that assumes scarcity drives value. It is defined as the ratio of the current stock of a commodity (e.g., the circulating Bitcoin supply) to the flow of new production (e.g., newly mined bitcoins). Bitcoin’s price has historically followed the S/F Ratio, which is why it’s […]
The post Bitcoin deviates from stock-to-flow model appeared first on CryptoSlate.
The post Top Ethereum-based Tokens To Buy For This July! appeared first on Coinpedia Fintech News
The cryptocurrency market has started the month of July on a strong bullish note by adding over 4% to its global valuation within the past 24 hours. Moreover, the altcoin leader, Ethereum price, has regained momentum and jumped 3.26% within the past day. Following in their footsteps, the ETH-based tokens have displayed a similar trend …
BIS, the umbrella body for central banks highlights, highlights risks from mounting fiscal debt worldwide and premature rate cuts.
The lawsuit says the meme stock influencer rallying "a massive following of retail investors to purchase and hold GameStop" is securities fraud.
Ethereum sees significant outflows, while Bitcoin and multi-asset ETPs gain traction amid shifting sentiments.
The post Ethereum is the worst performing crypto in net flows this year appeared first on Crypto Briefing.
The Social Security System is a state-run social insurance program that serves employees in the official, informal and private sectors.
Bitcoin (BTC) is on the brink of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency asset has been experiencing an upward trend, gaining momentum and investor confidence. Breaking through this key resistance could act as a catalyst for a major rally, potentially pushing BTC to new heights. Traders and market analysts are closely monitoring this level, as a successful breach could signal a strong bullish phase and attract increased trading activity, further driving up the price. This article aims to provide an in-depth analysis of Bitcoin’s current price movement as it nears the significant resistance level of $64,515. It seeks to explore the potential market implications of breaking through this key threshold, including the likelihood of igniting a substantial rally. Furthermore, it examines technical indicators, market sentiment, and historical data to offer readers a comprehensive understanding of what this resistance level means for Bitcoin’s long and short-term price trajectory. With a market capitalization of more than $1.2 trillion and a trading volume of more than $21 billion as of the time of writing, the price of Bitcoin is currently down by 3.26%, trading at around $63,300 in the last 24 hours. BTC market cap and trading volume are currently up by 3.03% and 77.17% respectively. Current Market Overview Of Bitcoin Upward Trend Currently, on the 4-hour chart, the price of BTC is on a bullish rise and attempting a cross above the 100-day Simple Moving Average (SMA) with strong bullish momentum. Also, it can be noticed that the crypto asset has broken above the 4-hour bearish trend line. The formation of the 4-hour Composite Trend Oscillator also signals bullishness for Bitcoin as both the signal line and the SMA of the indicator are attempting to cross above the zero line. On the 1-day chart, the price of Bitcoin is experiencing a strong momentum rise toward the $64,515 resistance and the 1-day SMA. Specifically, this price increase started two days ago after a rejection at the $60,152 support level. Finally, it can observed that the signal line of the 1-day Composite Trend Oscillator is attempting to cross above the SMA. This formation thereby indicates more bullishness for Bitcoin’s price. Breaking Through Or Facing Rejection Exploring possible market scenarios if Bitcoin breaks through or is rejected at $64,515 reveals that if the price of Bitcoin breaks above the $64,515 resistance level, it may continue to move upward toward the $66,736 resistance level. Should this level be breached, the crypto asset may experience more price growth toward the $71,909 resistance level and possibly other levels above. Conversely, should Bitcoin’s price undergo a rejection at the $64,515 level and begin to drop again, it will continue its downward movement toward the $60,152 support level. Following a break below this level, BTC may experience a further price drop to test the $56,523 support level and probably other levels below. Featured image from iStock, chart from Tradingview.com
The post List Of Altcoins Poised To Command Attention In Market appeared first on Coinpedia Fintech News
Analyst Miles Deutscher took to his latest video and said that it was initially expected that the market would peak around November-December 2024. However, the current prediction suggests a more realistic peak in 2025 due to a recent market slowdown and pause in private funding and new launches. According to him, this slowdown has bought …