The first two quarters of 2024 saw a surge in popularity of meme coins, with investors jumping on the bandwagon in hopes of quick gains. However, recent observations indicate a significant cooling off in the market, with only a few lesser-known meme coins managing to record gains over the past 30 days. The once-popular meme
Crypto
XRP has witnessed a significant price surge, climbing to $0.66 on Wednesday, marking an 8% increase over the past 24 hours. This surge comes amidst important developments in the XRP ecosystem and renewed investor optimism, with the accumulation trend gaining momentum. A notable increase in the number of wallets holding at least 10,000 XRP has
The cryptocurrency market has recently experienced heightened volatility, impacting investor sentiment across the board. Bitcoin, the leading digital currency, surged to nearly $70,000 on July 29 only to witness a sharp decline below $66,000 the following day. Currently, Bitcoin is trading around $66,300 according to CoinGecko’s data. The correction in Bitcoin’s price coincided with the
In a recent announcement, 21Shares AG revealed their integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move aims to provide greater transparency regarding the reserves backing their Core Ethereum ETF (CETH). By implementing Chainlink’s technology, 21Shares seeks to bolster investor confidence by offering real-time visibility into the Ether reserves supporting CETH. Eliminating
BlackRock’s recent announcement regarding the lack of immediate plans to launch a Solana (SOL) ETF comes as no surprise, considering the company’s focus on Bitcoin and Ethereum spot ETFs. While Bitcoin and Ethereum have seen significant success in the ETF space, smaller altcoins like Solana may not meet BlackRock’s criteria for investability at this time.
The US Securities and Exchange Commission (SEC) has recently announced its plan to amend its original complaint against Binance, a major player in the cryptocurrency market. This move by the SEC could potentially eliminate the need for a court ruling on tokens previously classified as securities. The joint filing, made on July 30th, signals a
Recently, the cryptocurrency market experienced a significant plunge, with the US government moving $2 billion worth of its bitcoin holdings to another address, possibly in preparation for a sale. This news had a ripple effect on various digital assets, including the popular meme coin Shiba Inu, which saw a 3% decrease in price. Despite the
XRP, the native token of Ripple, has been showing signs of a potential large price movement. One indicator that is causing speculation among traders is the tight Bollinger Bands. These bands, which measure market volatility and potential price movements, have squeezed tighter than ever before. This suggests that XRP has experienced low volatility for a
Bitcoin recently approached its all-time high but faced rejection, highlighting the various factors influencing the flagship cryptocurrency’s price surge. One key factor is the surpassing of the average realized price for short-term investors after crossing $63,500. This indicates renewed market strength and confidence among investors. Additionally, the market capitalizations of stablecoins like USDT and USDC
Solana (SOL) has recently made headlines in the cryptocurrency world as it climbed to become the fourth-largest cryptocurrency by market capitalization. With significant price gains, SOL’s market cap now stands at almost $90 billion, marking a level not seen since the beginning of April. Surpassing Binance Coin (BNB), SOL has positioned itself as a strong