The cryptocurrency space is buzzing with potential, especially in the realm of meme coins. As we approach 2024, three standout contenders—Pepecoin (PEPE), Pepe Unchained (PEPU), and Mpeppe (MPEPE)—are drawing significant attention. Here’s why these meme coins are making waves and could be your ticket to substantial profits. PEPE: The Veteran of Meme Coins Why PEPE […]
Pepecoin (PEPE) enthusiasts are making a strategic shift towards a new rival memecoin, Mpeppe (MPEPE). This emerging competitor has captured the attention of many who are eager to multiply their gains, and here’s why it’s generating such buzz in the crypto community. The Evolution of Memecoins: Pepecoin (PEPE) Sets the Stage Pepecoin (PEPE) has long […]
Pepecoin (PEPE) has set a high standard for meme coins, creating a blueprint for success in this dynamic market. As we look forward, two presale giants are emerging with predictions of 100x returns: Pepe Unchained (PEPU) and Mpeppe (MPEPE). Both projects are building on the Pepecoin (PEPE) legacy but are taking different approaches to capture investor interest and market share. How Mpeppe (MPEPE) and Pepe Unchained (PEPU) Leverage Pepecoin’s (PEPE) Legacy Pepecoin (PEPE) has demonstrated the immense power of meme culture in driving cryptocurrency success. Mpeppe (MPEPE) and Pepe Unchained (PEPU) are continuing this trend by integrating elements from Pepecoin’s (PEPE) success into their own frameworks. Mpeppe (MPEPE) combines this with cutting-edge De-Fi features, while Pepe Unchained (PEPU) builds upon the meme-driven enthusiasm that Pepecoin (PEPE) exemplified. Why Pepe Unchained (PEPU) and Mpeppe (MPEPE) Are Projected for 100x Returns The presale stages of Pepe Unchained (PEPU) and Mpeppe (MPEPE) are generating significant buzz, with both coins predicted to deliver extraordinary returns. Pepe Unchained (PEPU) stands out with its innovative approach to meme culture, while Mpeppe (MPEPE) enhances its offering with advanced De-Fi features. Investors are closely watching these two presales for their potential to replicate and even exceed the successes of their predecessors. Mpeppe (MPEPE) and Pepe Unchained (PEPU): The De-Fi Advantage One of the key factors driving interest in Mpeppe (MPEPE) and Pepe Unchained (PEPU) is their incorporation of De-Fi elements. Mpeppe (MPEPE) offers features like yield farming and liquidity mining, adding significant utility to its meme-driven appeal. Similarly, Pepe Unchained (PEPU) is also exploring ways to integrate De-Fi functionalities with staking, setting the stage for robust growth and expanded market potential. Community Engagement: The Driving Force Behind Mpeppe (MPEPE) and Pepe Unchained (PEPU) The success of meme coins heavily relies on their community support. Both Mpeppe (MPEPE) and Pepe Unchained (PEPU) are harnessing the power of community engagement, building on the strong foundation laid by Pepecoin (PEPE). Mpeppe (MPEPE) is leveraging its community to drive innovation and participation, while Pepe Unchained (PEPU) is energizing its supporters with a dynamic approach to meme culture. Why Investors Are Choosing Mpeppe (MPEPE) and Pepe Unchained (PEPU) Over Other Presales With Pepecoin (PEPE) as their inspiration, Mpeppe (MPEPE) and Pepe Unchained (PEPU) offer unique investment opportunities. Mpeppe (MPEPE) stands out with its advanced De-Fi features and strategic community planning, while Pepe Unchained (PEPU) captivates with its innovative take on meme culture. Investors are flocking to these presales for their potential to offer substantial returns and redefine the meme coin landscape. Pepe Unchained (PEPU) and Mpeppe (MPEPE): The Future of Meme Coins As Pepecoin (PEPE) continues to influence the meme coin market, Pepe Unchained (PEPU) and Mpeppe (MPEPE) are positioned to carry forward this legacy. Each coin brings its own strengths to the table—whether it’s Pepe Unchained’s (PEPU) creative approach to meme culture or Mpeppe’s (MPEPE) integration of De-Fi protocols. For investors looking to capitalize on the next big meme coin, both Pepe Unchained (PEPU) and Mpeppe (MPEPE) represent promising opportunities with the potential for remarkable returns. Why Pepe Unchained (PEPU) and Mpeppe (MPEPE) Are Essential Investments The rise of Pepe Unchained (PEPU) and Mpeppe (MPEPE) signals a new chapter in the world of meme coins. With their innovative features, community-driven models, and the enduring legacy of Pepecoin (PEPE), these presale giants are well-positioned to deliver significant profits. For those seeking to invest in the next wave of meme coin success, Pepe Unchained (PEPU) and Mpeppe (MPEPE) offer compelling opportunities to achieve substantial financial gains. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
The price of Bitcoin has shown no significant movement in the last day rising by only 0.78% according to data from CoinMarketCap. Following a widescale crash in the global financial markets, the crypto market leader pulled off a strong recovery in the past week, gaining by 16% to reach a peak of $62,000. As Bitcoin currently retains a sideways movement, crypto analyst Michaël van de Poppe has revealed a likely condition for the token’s next bullish run. Bitcoin Poised For Bullish Breakout If This Price Action Happens, Analyst Says In an X post on August 10, van de Poppe shared an interesting prediction on Bitcoin’s price trajectory stating that if the digital asset closed its monthly candle around the $60,000 price zone, it could indicate the asset is consolidating for a breakout. According to the crypto veteran, it is likely that such consolidation could finally propel Bitcoin to embark on a bullish run reaching a price target of $250,000, which represents a potential 350% gain on the token’s current price. Following the Bitcoin halving event in April, investors and market experts remain highly expectant of a bullish price run by the premier cryptocurrency as seen in previous years. However, Bitcoin has only shown a consistent range-bound movement moving between $55,000 to $70,000 over the last four months. Albeit, these price actions draw no cause for alarm as Bitcoin is known to historically commence its bullish run approximately six months after the halving event, which falls close to van de Poppe’s prediction. Interestingly, the current bull cycle is particularly surrounded by high levels of optimism as illustrated by multiple six-figure price predictions by top analysts. This is driven by many factors, most prominently the Bitcoin spot ETFs. Interestingly, these Bitcoin ETFs currently valued at $17 billion, may be set for monumental inflow levels after American banking giant Morgan Stanley sanctioned 15,000 advisers to officially offer these funds as portfolio additions. Furthermore, the digital asset industry has recently made an unexpected foray into the US political scene as party and candidate opinions on crypto policy now look pivotal in upcoming elections in November. It appears this nascent industry may finally receive sufficient support from the US government in terms of regulations and legitimacy, which can boost the performance of various cryptocurrencies especially Bitcoin over 12 – 18 months. BTC Price Overview At the time of writing, Bitcoin continues to trade at $60,944 with a 0.44% increase in the last seven days. Meanwhile, the token’s daily trading volume is down by 52.88% and valued at $15.7 billion. Related Reading: Morgan Stanley Authorizes Advisors To Offer Bitcoin ETF Products, Report Featured image from The Economic Times, chart from Tradingview
Pertsev’s case is a pivotal moment for the crypto community and advocates of digital privacy.
With a strong bullish recovery in the cryptocurrency market, mid-cap and low-cap altcoins have gained the spotlight by recording a massive surge in their respective portfolios over the past few days. Planning on investing in low-cap altcoins to maximize your profits this AltSeason? Dive in as, in this article, we have covered the in-depth market …
Defunct crypto lender Celsius has filed a lawsuit against Tether, accusing the stablecoin issuer of asset misappropriation. This move comes amidst the recent attempts by the cryptocurrency company, who declared bankruptcy in 2022, to claw back billions of dollars in funds for creditors. Why Celsius Is Requesting Over $3.5 Billion From Tether Bankrupt Celsius has […]
Most large-cap cryptocurrencies, including Bitcoin and Ethereum, have not exactly lived up to the hype and promise in the second half of 2024. Investors saw the general market experience a negative start to the past week, with most assets shedding a significant portion of their value. Interestingly, this recent price action has offered a unique insight into the current state of the crypto market and its relationship with the macro capital markets. Spot Bitcoin ETFs Vs. Ethereum ETFs — Relative Impact? In a recent report, trading firm QCP Capital shared their observation on the Bitcoin and Ethereum markets following the significant drawdown on Monday, August 5. According to the firm, there has been a fundamental change in the liquidity profile of ETH relative to BTC, the largest cryptocurrency by market cap. Related Reading: Bitcoin’s Latest Casualty: Miner Reserves Plunge to 3-Year Low, What’s Next For BTC? According to QCP Capital, Bitcoin is becoming increasingly incorporated into the mainstream capital markets, including the stock and bond markets. On the other hand, Ethereum — the second-largest cryptocurrency — is being pushed to the sidelines. This liquidity shift was further spotlighted in the broad market downturn experienced on Monday, where BTC fell by only 16% compared to ETH’s 22% price decline. Moreover, Bitcoin’s price is almost around where it was a week ago — closing in on $61,000, while ETH is still a little off pace. QCP Capital noted that this trend appears to result from the “distinct lack of interest” in the recently launched spot Ethereum exchange-traded funds (ETFs) relative to their BTC counterparts. “BTC as digital gold is a compelling narrative to investors while ETH is lacking one,” the firm said. This lack of a selling point for Ethereum — especially amongst the older generations — was one of the talking points following the ETH ETF approval. Interestingly, the slow start of these funds may give some credence to the early concerns. Liquidity Shift Not Necessarily A Bad Thing: QCP There is still some upside for Ethereum despite not penetrating the traditional markets as potently as Bitcoin, according to QCP Capital. The trading firm added: As a more speculative and more volatile asset, the propensity for exponential price gains comes along with the potential for larger drawdowns. QCP revealed that the difference in the implied volatility between BTC and ETH was closer to 5% prior to the launch of the spot Ethereum ETFs. However, this difference has now grown to more than 20% since the exchange-traded funds made their debut. Related Reading: XRP Has Surpassed Bitcoin, Ethereum, And Solana Combined In This Metric As of this writing, the price of Ethereum is hovering around $2,600 while Bitcoin looks to hold above $61,000. Featured image from iStock, chart from TradingView
With the rising price volatility, the cryptocurrency market has displayed a strong bullish recovery with top tokens successfully retesting their respective support levels. Further, the market leader, Bitcoin price trades above the $61K mark with a 24-hour high of $61,381. Following this, the Artificial Intelligence category has regained momentum with some AI tokens recording a …
The bullish trend in the crypto market gains momentum, leading to increased upside potential for altcoins. Amid the recovery, smart money is looking for the top altcoins to buy in Q3 for massive returns. With bullish reversals and breakout rallies, these top altcoins are the best bets to buy for 5x-10x profits in Q3 2024. …
The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth in the continent.
A crypto analyst has shed light on the current stages of Bitcoin’s bull-bear cycle, suggesting that the cryptocurrency may be moving past a bear trap and getting ready for substantial bullish rallies toward new highs. Was Bitcoin’s Sudden Crash A Bear Trap Or Shake Out? BTC’s price is closely approaching $62,000 after what some crypto […]
BitGo claims the move of its Wrapped Bitcoin business will make it the world’s first “multi-jurisdictional and multi-institutional custody.”
In a major turnaround, Solana (SOL) has managed to bounce from a 6-month low of $109 to consolidate above the $150 mark in the past 24 hours, solidifying its status as one of the best performers in the market year-to-date. The recent market rally has breathed new life into Solana, but according to crypto analyst Miles Deutscher, this is just the beginning. In a detailed social media post, Deutscher revealed 10 reasons why he believes SOL is poised for a staggering 5x to 10x upside move, with the potential to reach the $1,000 price point. Reasons Why Deutscher Is Mega Bullish On Solana Deutscher’s first point centers on Solana’s consistent relative strength throughout the market cycle. The analyst contends that SOL has maintained its position and garnered significant mindshare, particularly within the meme coin sector. Deutscher also emphasizes the role of attention in driving price action, noting that Solana’s prominence was underscored during the recent Bitcoin conference, where it ranked second only to BTC regarding mindshare, creating a positive feedback loop, and fueling SOL’s ascent. Related Reading: Bitcoin Price Soars Above $62,000 Again: Top 3 Reasons Deutscher also draws attention to Solana’s status as a “thriving crypto hub,” likening it to a premier casino where meme coins—akin to games—flourish, with the SOL token serving as the exchange medium. This dynamic ecosystem, he suggests, contributes to the overall value accrued within the Solana network. Another key factor in SOL’s favor, according to Deutscher, is its market cap differential from that of Ethereum (ETH). With Ethereum having a significantly higher market cap valuation, SOL benefits from “speculation opportunities,” especially as its metrics continue to outperform Ethereum’s. Deutscher points out that a potential repricing of ETH could further boost SOL’s market cap, potentially leading to a valuation of $1,320 or $660 per SOL. In addition, the analyst noted that SOL is currently on the verge of breaking through SOL/ETH resistance on the weekly chart, which he believes “After that, it’s clear skies ahead. Booming DeFi, Revenue, And Institutional Adoption Delving deeper into Solana’s ecosystem metrics, Deutscher highlights its leading position in decentralized finance (DeFi) user growth, surpassing established chains like Bitcoin and Tron. The network’s Total Value Locked (TVL) has surged to new highs, reaching $5.367 billion, while its decentralized exchange (DEX) volume has outpaced Ethereum on a rolling 30-day basis. Moreover, Solana’s revenue generation has surpassed that of major players in the crypto industry, like Ethereum, underscoring its prominence in the crypto sphere. Related Reading: Toncoin Rally Above 4-Hour 100-Day SMA Puts TON On The Path To $7.6 Deutscher also praised Solana’s latest upgrade, Firedancer, which aims to increase scalability, network efficiency, and institutional compatibility, as a major milestone for the blockchain and another reason to be bullish on the token’s prospects. The analyst also noted that asset management giant Hamilton Lane had launched a fund on the network, as NewsBTC reported in July, signaling growing institutional interest in the Solana ecosystem. Finally, the prospect of a spot Solana ETF, as proposed by VanEck, could potentially usher in a new wave of institutional capital, paving the way for further adoption and growth within the Solana ecosystem. At the time of writing, SOL was trading at $153, down 6% from Thursday’s weekly high of $163. Featured image from DALL-E, chart from TradingView.com
Following the cross-border market correction, the cryptocurrency market has added approximately $200 Billion to its valuation over the past week, indicating an increase in the bullish influence within the crypto space. Furthermore, mid-cap altcoins have recorded the highest gains during this time, indicating a rising interest of investors towards these altcoins to maximize their profits …
Bitcoin is at a critical point, and crypto analyst Caleb Franzen is paying close attention. He recently analyzed a key chart that tracks Bitcoin’s performance since the end of 2022, focusing on the 200-day moving average. In an interview with Thinking Crypto, Franzen explained that Bitcoin’s recent drop below these long-term averages is concerning. In …
In a recent discussion, Sheila Warren, CEO of the Crypto Council for Innovation, addressed the potential implications if Vice President Kamala Harris were to win the presidential election in November. In an interview with The Paul Barron Network, when asked about the future of Senator Elizabeth Warren’s position on the Senate Banking Committee and the …
Bitcoin is once again at a crucial support level, facing a critical test that could shape its short-term future. Analysts are closely watching as Bitcoin repeats familiar patterns, hinting at the possibility of a major move. Analyst Josh of Crypto World said that Bitcoin has been in a bearish trend, as indicated by the Super …
In Costa Rica, a band of visiting Israeli tourists became the latest in a long line of victims to a stunning beach city robbery. Eleven visiting Israeli tourists off to a social gathering lost around $700,000 worth of Bitcoin. This is one of the most noteworthy events in the saga concerning the security challenges that […]
Former United States Securities and Exchange Commission official John Reed Stark believes Morgan Stanley’s Bitcoin ETF pitch could severely burden its compliance department.
Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Cowen noted in a video posted on his YouTube channel that Bitcoin is at risk of dropping lower if it fails to hold above $62,000 heading into the Death Cross. Bitcoin had rallied to as high as $62,000 after recovering from its price crash below $50,000 on August 5. The rise to $62,000 brought about the Death Cross, which now threatens lower prices for the flagship crypto. The Death Cross And Its Impact On Bitcoin’s Price The death cross indicator is usually considered bearish and suggests that a prolonged period of declining prices may be on the horizon for the asset in question. This death cross occurs when the 50-day moving average drops below its 200-day moving average. As Cowen revealed, Bitcoin’s 50-day moving average is currently at around $62,000. Related Reading: Is Bitcoin Headed For A Rally Or Ruin? This Key Price Point Could Decide As such, Bitcoin must reclaim and hold above the $62,000 price level soon enough, or it risks further price declines, with a drop below the psychological level of $60,000 already in sight. The crypto analyst specifically drew comparisons to the Death Cross, which occurred in 2019, to provide insights into what Bitcoin’s next move might be. He noted that the Death Cross in 2019 marked a local top for the flagship crypto, as it went on to record lower highs after then, and its price was bearish for about four months afterward. However, Cowen admitted that things could play out differently this time, noting that indicators like these tend to play out in a “slightly different way” throughout different cycle phases. The timing of this Death Cross could also provide insight into what might happen next for Bitcoin. Cowen noted that September is, on average, the worst month for Bitcoin, suggesting that the flagship crypto could suffer a downtrend that could extend into September. It Boils Down To The Macro Side Cowen revealed that whatever happens next for Bitcoin will mainly depend on external factors rather than the prevailing conditions in the crypto market. This includes macroeconomic factors like inflation and the labor market. Indeed, the macro side is believed to be responsible for the crypto crash on August 5 as fears about a recession heightened. Related Reading: Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000 The US Federal Reserve has so far held off on cutting interest rates in a bid to bring inflation down to its desired 2%. However, their hesitation has led to projections that the US economy could soon enter a recession. The July US job reports also showed that market participants have cause to be worried as the unemployment rate was higher than expected. The macro side significantly impacts Bitcoin and the crypto market because it largely determines how much money investors are willing to invest in these risk assets. Featured image from iStock, chart from Tradingview.com
One of the big hurdles progressive crypto activists face in their quest to get the Democratic Party onside was on display with an ill-tempered Zoom conference last week. Related Reading: Putin Legalizes Crypto Mining, Ushering In A New Era For Russia California Congressman Ro Khanna hosted the meeting, which was supposed to help mend frayed […]
Dogecoin has shown a remarkable recovery over the past five days after a significant downturn triggered by a broader market sell-off. During the first five days of August, the cryptocurrency experienced a sharp decline, plummeting by 38%, dropping from $0.1348 to a low of $0.0831. However, DOGE has demonstrated resilience in the face of these challenges. After hitting the $0.0831 mark, the cryptocurrency began to stage a notable comeback. Over the last five days, DOGE has rebounded by approximately 25%, a recovery that has lifted its price significantly from its recent lows. Although this upward movement has not yet been sufficient for holders to fully recoup the losses incurred earlier in the month, it shows the return of positive momentum for DOGE. Related Reading: Dogecoin Price Could Soar 900%: Analyst Predicts What Needs To Happen This partial price recovery has been accompanied by a resurgence in key market metrics, suggesting that investor sentiment towards Dogecoin is beginning to turn bullish once again. Trading volumes have increased, indicating renewed interest and participation in the market. Dogecoin Major Metrics Fire Bullish Signals According to data from IntoTheBlock, this recovery has been accompanied by a surge in daily trading volume, with majority of them being accumulations which have increased the buying pressure. At the time of writing, the volume of large transactions for DOGE in USD stands at an impressive $1.01 billion. This represents a substantial 54% increase from the seven-day low of $654.96 million recorded on August 3, right before it kickstarted its sharp decline. Interestingly, the large transaction trading volume reached a peak of $1.52 billion on August 5, coinciding with when the recovery began. This correlation strongly suggests that large holders, often referred to as “whales,” have been actively participating in the DOGE market during this recovery phase and are driving the upward momentum. Related Reading: Dogecoin Sees Rapid Accumulation Amid Price Crash, Whale Transactions Soar Although the large transaction volume metric does not show whether they are accumulations or selloffs, the large holders netflow to exchange netflow ratio suggests the former is the case. This metric tracks the balance between large holder accumulation and inflows into exchanges, offering valuable insights into the behavior of both retail investors and whales. Currently, the ratio is tipping towards large holder accumulation, standing at 3.49%, compared to a negative 1.85% recorded on Monday, August 5. Still on whale activity, IntoTheBlock’s Bulls and Bears metric suggests the scale is starting to tip to the side of the bulls. This metric tracks addresses that have either bought or sold more than 1% of the total trading volume in the last 24 hours, classifying them as bulls or bears, respectively. Over the past two days, there has been a noticeable increase in bullish activity, with 14 bulls compared to 13 bears in the most recent 24-hour period. Although the margin might be narrow, the presence of more bulls than bears indicates that buying interest is starting to outweigh selling pressure. At the time of writing, DOGE is trading at $0.1045. A successful breakout above $0.11 could reignite retail interest, which in turn could contribute to a surge toward the well-anticipated $0.5 price level. Featured image from iStock, chart from Tradingview.com
Bitcoin (BTC) the world’s biggest cryptocurrency has maintained its position above the $60,000 level for four consecutive trading days and is currently consolidating within a tight range. Amid this consolidation, Justin Sun the founder of HTX and TRON has gathered widespread attention due to his significant BTC transfer to Binance. Justin Sun moved $30 million …
A crypto analyst has predicted a major bullish outlook for popular doggy themed meme coin, Dogecoin (DOGE). The analyst has shared compelling reasons why he believes Dogecoin could surge as high as $1 soon. Dogecoin’s Bullish Path To $1 In an X (formerly Twitter) post on August 9, a crypto analyst identified as ‘Cryptorphic’ disclosed […]
Last week, the crypto market experienced one of its major crashes in 2024, triggered by multiple bearish reports. Since then, the market has shown signs of recovery, though it continues to fluctuate near resistance levels. This instability is because of the anticipated CPI report due later this week, which could lead to further volatility in …
Cronos is currently riding the bullish wave, seeing significant gains despite the momentum of the general market slowing down. According to Coingecko, the token is up more than 12% since last week, going against the grain of the general market momentum. Related Reading: Ethereum Vs. Solana: Legendary Trader Peter Brandt Reveals The ‘Clear Winner’ This week, Cronos has spurred investor interest as it creates momentum for its upcoming Cronos zkEVM mainnet alpha launch on August 15th. Cronos zkEVM Set To Launch With Major Partners The official Cronos X account has announced that the mainnet of its upcoming Cronos zkEVM will be released in its alpha stage on August 15 next week. This will be the platform’s dedicated layer 2 for Ethereum, leveraging Ethereum’s security while maintaining Cronos chain interoperability. The Cronos zkEVM public mainnet (alpha) launch date is targeted for August 15. Cronos’ newest, future-proof blockchain network is almost ready to go live. On Aug 15, users will be able to connect their wallet, bridge funds, and use a large and growing number of dapps. What are… https://t.co/aYOdM7FKAS pic.twitter.com/UM3zPWJfO3 — Cronos (@cronos_chain) August 8, 2024 Cronos also secured multiple launch partners for the zkEVM, each of which will help in improving user convenience as the developers work out the L2’s kinks in the first couple of months. Partners like the Earn Network and Pyth Network will enable users to use the alpha mainnet with little to no hiccups. Eli5DeFi also released a post explaining the advantages of the upcoming layer 2. With Cronos zkEVM’s high throughput, native account abstraction, shared liquidity, and native yield-bearing assets, the platform is set to have a great time on launch day. As the @cronos_chain mainnet launch approaches, let’s revisit what sets Cronos zkEVM apart. Dive into our full breakdown in the previous post! Learn more here ⬇️https://t.co/lXeHxKBRH9 https://t.co/ZOhxuwTAnh pic.twitter.com/xVtfye8BnU — Eli5DeFi (@eli5_defi) August 8, 2024 Launch Week Might Post Some Gains For CRO CRO bulls are currently attempting to break through the $0.0950 ceiling after rising yesterday due to the positive on-chain news. Right now, the token will have a strong upward momentum once next week starts. Macro-wise, the market still has significant influence on CRO despite the network’s announcement. As of writing, the market has plateaued as it returned to pre-dip levels. This relative stability can turn either good or bad for CRO and the general market. Its relatively significant correlation with Bitcoin might shed some light on how it will perform which in turn gives CRO a relationship with traditional finance. With the market keeping a positive position on the state of the economy, it might seem logical that a strong increase in prices in private equity might translate to gains on CRO and the crypto market as a whole. Related Reading: XRP Market Cap Explodes By 23% In A Day As Whale Appetite Soars As the market posts modest gains after the rebound, CRO is on a great position to capture value and momentum moving in and out of its network and the momentum of the general market. Investors and traders should be informed that investing on CRO now before the update is for the long term as anything can happen on the market and on the day of launch of the Cronos zkEVM. However, if the bullishness continues we might see the token breach above $0.1223 in the long term. Featured image from Forbes, chart from TradingView
As bearish momentum intensifies, Dogecoin (DOGE) is facing increasing upward pressure, with recent market trends suggesting a potential increase toward the $0.1144 mark. The price action reflects a continued bullish strength, favoring the bulls and raising concerns about further gains. Technical indicators and market conditions point to a growing likelihood of a rise, targeting the […]
JP Morgan just rolled out ChatGPT to 60,000 employees, demonstrating the demand for generative AI in the financial services sector.
After the market’s astonishing recovery, Solana (SOL) has entered another consolidation phase leading to lower volatility which gives the bulls much-needed rest after capturing huge gains. According to Coingecko, the token is down a measly 2% in the past 24 hours but is still in the green at the 30-day timeframe at over 9% gains. Related Reading: ARB Surges Nearly 10% As Franklin Templeton Launches Fund on Arbitrum Although SOL gained a lot during the market’s strong rebound, there has been some news that has also affected the token’s movement, hampering growth while shaking some investors off of the token. Major Vulnerability Patched Quietly Just last Thursday, a vulnerability was detected by the Solana Foundation, leading them to release a quick patch that resolves the issue. According to Solana validator Laine, the vulnerability was known after members of the Solana Foundation reached out to them, advising of an upcoming security patch along with the date and identifier for the incident. Anatomy of a patch In the past few hours a critical security vulnerability and patch were disclosed on Solana, this public disclosure occured after a supermajority of stake had already been patched to protect the network. Let’s look at how this process unfolded and how 70% of… — Laine ❤️ stakewiz.com (@laine_sa_) August 9, 2024 After 24 hours, a patch was pushed through to GitHub making it accessible to stakers. It included the patch itself along with instructions for verifying the downloaded files. All this happened under strict confidentiality. “During the next 24 hours several other core members reached out to confirm readiness and reiterate the need for urgency and confidentiality,” Laine stated on their X post detailing the incident. This led to some members of the Solana community questioning the decision to keep the incident hush-hush to the broader public which was only after the incident. “Another act of centralized control, by Solana. The key is to manage to contact enough stake to protect the network while retaining confidentiality. The power to select and contact validators concentrates influence in the hands of just a few. This undermines the network’s decentralization, which is typically a blockchain’s main defense mechanism against censorship and collusion. What could stop you from doing this same process to introduce exploits into the blockchain too?” Dave, a commenter on the post, said criticizing the “centralized” decision of the devs and stakers. https://t.co/wLBpweefdz — Solana (@solana) August 9, 2024 In light of this, the official X account of Solana posted a “Letter to the Solana Ecosystem,” which seems to be in response to the public announcement of the security vulnerability and the subsequent patch. The post only reiterates certain events within Solana. Hampered Investor Confidence Leads To Slight Dip The market is not only the factor that influences SOL’s price. The guts of the platform and how it creates and builds value influence this as well. This is best shown by the SOL’s current price movement which reflects the slight loss of confidence by investors on Solana. Related Reading: XRP Market Cap Explodes By 23% In A Day As Whale Appetite Soars As of now, SOL bulls are still trying to stabilize around the $147.93 and $159.83 price range where they will remain until the fear, uncertainty, and doubt dies out. If they are successful in taking control of this price range, we might see SOL at a higher price floor, possibly reaching $186 in the coming months. Investors and traders should monitor Solana’s communication channels to distinguish whether other investors are still bullish on the platform. Featured image from Mudrex, chart from TradingView