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Dimitar Dzhondzhorov



Articles by Dimitar Dzhondzhorov

Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco

1 day ago

TL;DR
Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%.
Binance’s market share briefly dropped to nearly 40% following these regulatory issues, but the exchange continues to dominate among 23 other marketplaces.
Binance recently decided to delist four cryptocurrencies, including BitShares and Tornado Cash, effective December 7, leading to significant price drops in some of these tokens, with PERL falling around 65% and TORN by 50% in the past week.

Binance Keeps Its Solid Position
The troubling recent news surrounding Binance seems to have not affected its position as a leader

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This Hasn’t Happened to Bitcoin (BTC) in Six Years

2 days ago

TL;DR
Bitcoin (BTC) has risen above $38,000 as BTC’s supply on exchanges drops to 5.38%, the lowest since December 2017, amid declining trust in exchanges following events like FTX’s collapse and Binance’s legal troubles.
The trend towards BTC self-custody is seen as bullish, contributing to Bitcoin’s significant rally of 130% since the year’s start.
Analyst PlanB forecasts Bitcoin reaching $65,000 after the 2024 halving and soaring to $524,000 by 2027, anticipating a more robust bull cycle than in 2021.

BTC Self-Custody on the Rise
Bitcoin’s recent price uptrend above the $38,000 level has coincided with another interesting development surrounding the primary cryptocurrency. According to Sentiment, BTC’s supply on exchanges has plunged to 5.38%. Such a low mark was last

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Here is When Ethereum (ETH) Might Reach Its ATH Again: This Analyst Chips in

2 days ago

TL;DR
Ethereum (ETH) is showing strong performance, currently trading around $2,000, with predictions of reaching its all-time high of over $4,800.
Analyst FieryTrading forecasts ETH to reach nearly $5,000 by early 2025, citing a long-term bullish pattern.
The same analyst predicts a significant rise for Cardano’s ADA, expecting it to exceed $35 by 2025 based on bullish market patterns.

‘Big Gains for ETH’ on the Horizon?
Ethereum’s native cryptocurrency – Ether (ETH) – is another asset that has shown strong resilience following the devastating market crash in the second part of 2022. It currently trades at around $2,000 (per CoinGecko’s data), a 70% price increase compared to the first day of the ongoing year. 
Some analysts believe the current condition is just the

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Binance Listing Curiosity: Is the Exchange Switching Tactics?

3 days ago

TL;DR
Binance is seemingly adopting a new strategy by listing certain assets for futures but not spot trading.
The exchange recently settled a $4.3 billion fine with the US DOJ and underwent a leadership change, with Richard Teng replacing CEO Changpeng Zhao.
Binance’s recent delisting of several cryptocurrencies, including BitShares and Tornado Cash, due to low activity and volume, has led to substantial price declines for these assets.

Binance is Expected to Continue Operating a ‘Similar Model’
The popular reporter using the X (Twitter) handle Wu Blockchain observed an interesting tactic that the world’s largest cryptocurrency – Binance – might have adopted. 
He revealed that the marketplace had listed certain digital assets for futures trading but not spot. Those

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Ripple (XRP) Tops an Important List on a Popular Exchange

3 days ago

TL;DR
XRP Leads on Uphold: Ripple’s XRP has become the most traded digital asset on Uphold, surpassing major cryptocurrencies like Bitcoin and Ether, with significant user engagement.
Dominance in U.S. Markets: Earlier, XRP emerged as the most traded altcoin on US-based cryptocurrency exchanges, indicating its growing popularity.
Ripple-Uphold Partnership: The partnership between Ripple and Uphold has led to promotional activities like increased XRP airdrops and giveaways.

XRP Surpasses BTC and ETH
Ripple’s native token – XRP – has been on a significant uptrend this year, with the asset becoming more and more intriguing for investors. Dr Martin Hiesboeck – Head of Research of crypto exchange Uphold – revealed another interesting recent development surrounding the token.

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Shiba Inu (SHIB) Burn Rate Skyrockets by 20,000%: What Does it Mean for the Price?

3 days ago

TL;DR 
Massive Increase in SHIB Burn Rate: Shiba Inu’s token burn rate has surged by approximately 20,000% in the last 24 hours, leading to the removal of over 260 million tokens, a record high in two months.
Burning Program for Value: Around 41% of Shiba Inu’s original 999 trillion total supply has been burned, aiming to enhance the coin’s scarcity and value.
Shibarium’s Influence: The advancement of Shiba Inu’s layer-2 blockchain solution, Shibarium, is seen as a potential factor for future SHIB price increases, with significant network activity milestones achieved.

SHIB Burn Rate on the Rise Again
The popular memecoin – Shiba Inu – has once again witnessed a substantial amount of tokens removed from its circulating supply. According to latest data, the burn rate

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Cardano (ADA) and Dogecoin (DOGE) Receive Additional Support by Coinbase: Details

4 days ago

TL;DR
Coinbase Adds New Perpetual Futures: Coinbase is introducing perpetual future contracts for Cardano, Dogecoin, Chainlink, and Stellar, allowing users to speculate on their future values.
Minimal Market Impact: The announcement has not significantly affected the market, with some of the included cryptocurrencies showing slight declines.
Ongoing Delisting of Trading Pairs: Coinbase has recently delisted 80 trading pairs to improve market liquidity and health, while maintaining trading for these coins with USDC balances in certain regions.

Coinbase’s Adjusted Offering
One of the largest cryptocurrency exchanges by trading volume – Coinbase – has decided to extend its support toward four cryptocurrencies. Those are Cardano (ADA), Dogecoin (DOGE), Chainlink (LINK), and

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Massive Ripple (XRP) Price Prediction: Analyst Gives Target for 2025

4 days ago

TL;DR
XRP Price Surge Predictions: Analysts foresee a significant rise in Ripple’s XRP, with targets of $6-$7 in the near term and up to $27 by mid-2025, an almost 4,500% increase.
Short-Term Forecasts: Short-term expectations for XRP include reaching around $1.30 in 2024 and a spike to $0.70 by the end of this year, bolstered by its regulatory clarity.
Growth Drivers: The next bull cycle is expected to be beneficial for XRP, influenced by Ripple’s successes against the SEC, collaborations with central banks, and re-listing on key cryptocurrency exchanges.

Ripple (XRP) Poised for a 4,400% Price Surge?
Despite the recent correction in the cryptocurrency market and the slight decline of XRP’s price, some analysts still believe that Ripple’s coin is on the verge of spiking

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Cardano Bull Run Incoming? Top 2024 ADA Price Predictions to Know

5 days ago

TL;DR
ADA’s Strong Performance: ADA has seen a nearly 70% increase in price this year, with experts predicting continued growth in 2024, possibly reaching new highs.
Optimistic Predictions for 2024: Twitter user Ali sets a $10 target for ADA by summer 2024, while Dan Gambardello predicts a spike to $11 post-BTC halving, with a potential market cap of $400 billion.
2025 Projections: Analyst FieryTrading suggests ADA could reach $35 in 2025, a significant increase from its current value, following a pattern aligned with the post-Bitcoin halving cycle.

Could 2024 Be ADA’s Year?
Cardano’s native token – ADA – has been among the best-performing crypto assets this year, experiencing a nearly 70% price increase since January 1. Multiple experts believe the coin would keep the

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Watch Out: Shiba Inu (SHIB) Community Warned About This Dangerous Scam

6 days ago

TL;DR
Shiba Inu Scam Warning: Shibarmy Scam Alerts warns of fraudulent sites and NFT airdrops targeting SHIB investors, advising careful verification of URLs.
Telegram Scam Alert: The team previously alerted about scammers on Telegram posing as legitimate contacts to deceive users in the Shiba Ecosystem & Shibarium Tech group.
Safety Advice: Users are urged to verify identities and check official links to prevent falling victim to cryptocurrency fraud.

SHIB Army Should Beware
The cryptocurrency industry is an attractive sector for numerous investors and offers the chance to make substantial profits in a short period of time. However, the space is also full of fraudsters who target market participants aiming to swindle their holdings.
The X (Twitter) account focused on

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Binance’s New CEO Richard Teng: The Key Factors That Will Drive Mass Adoption in 2024 (Interview)

6 days ago

During Binance Blockchain Week – a major conference held earlier in Istanbul on November 2023, CryptoPotato had the chance to speak to Binance’s Richard Teng.
It’s worth noting that, at the time, Teng was serving as Binance’s Head of Regional Markets, as the conference took place before the most recent Binance developments.
Recall that on November 21st, the United States Department of Justice settled charges against the cryptocurrency exchange, bringing an investigation spanning back to 2018 to a close. Binance had to pay a hefty fee, while CZ, the company’s former chief, had to step down.
Richard Teng has since taken the position of Binance’s new CEO.
The interview, conducted in the vibrant backdrop of Istanbul, captured Teng’s enthusiasm for the industry, as well as his

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Jim Cramer Comments on Bitcoin: Is the BTC Price in Danger?

8 days ago

TL;DR
Bitcoin (BTC) has seen a significant increase of over 120% since the start of the year, with Jim Cramer, host of CNBC’s “Mad Money,” recently suggesting that those interested in Bitcoin should consider buying more.
Cramer’s past advice on Bitcoin has been inconsistent; in December 2022, he recommended selling crypto positions, calling them “awful,” but BTC’s value has since doubled.
Earlier in 2022, Cramer incorrectly assumed the market correction was over and advised increasing exposure to Bitcoin and other cryptocurrencies, not anticipating the severe market downturns, including the Terra crash and FTX meltdown.

Is BTC Crash Inevitable?
Bitcoin (BTC) has made a remarkable comeback this year, with its price spiking over 120% since January 1. Despite its impressive

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Important Shibarium Metric Soars 130%: What Does it Mean for the SHIB Price?

9 days ago

TL;DR
Rapid Growth of Shibarium: Shibarium, a layer-2 solution for Shiba Inu, experienced a surge in daily transactions, reaching nearly 35,000 on November 21, a 130% increase from the previous day.
Achievement of Key Milestones: Since its launch, Shibarium has crossed over 4 million total transactions, with wallet addresses exceeding 1.25 million and nearly 1.8 million total blocks.
Shibarium’s Purpose: Introduced in August, Shibarium is designed to improve Shiba Inu by enhancing transaction speed and reducing costs.

Shibarium’s Latest Spike
Shiba Inu’s layer-2 blockchain solution – Shibarium – continues its rapid progress approximately three months after its official launch. According to latest data, the number of daily transactions on the network surged to almost

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Short-Term Ripple (XRP) Price Prediction: Analyst Chips in

9 days ago

TL;DR
Dark Defender’s XRP Prediction: Analyst Dark Defender predicts XRP’s short-term target could be between $1.05 and $1.88, based on a “cup & handle pattern” in the daily timeframe, but warns of the need for the token to maintain a primary support level.
XRP’s Current Market Position: XRP is currently trading at around $0.61, experiencing an 11% decrease over the past two weeks.
EGRAG CRYPTO’s ‘Mega Pump’ Forecast: Another analyst, EGRAG CRYPTO, suggests XRP could see a significant uptrend, or “mega pump,” if it surpasses three key support levels in the coming months.

XRP’s Target Set at Almost $2
Ripple’s native token – XRP – is among the cryptocurrencies subject to most price predictions. The latest such forecast came from the X (Twitter) user Dark Defender, who

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Shibarium Blasts Through Another Important Milestone: What’s Next for Shiba Inu (SHIB)?

10 days ago

TL;DR
Shibarium Achievements: Shibarium, Shiba Inu’s layer-2 blockchain, exceeded 4 million transactions and 1.5 million blocks, with nearly 1.3 million wallet addresses.
Shiba Inu Price Drop: Despite these milestones, Shiba Inu’s token price fell by 4%, mirroring the overall cryptocurrency market downtrend.
New Donation Feature: Shibarium introduced a donation feature to support non-profit validators, enhancing network security and ecosystem inclusivity.

Shibarium’s Latest Achievement
Shiba Inu’s layer-2 blockchain solution has reached multiple milestones since its official launch in August this year. Most recently, the network’s total transactions surpassed the 4 million mark.
As CryptoPotato previously reported, the total number of blocks has already exceeded the 1.5

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Ripple v. SEC Lawsuit Impacted the Commission’s Future Approach: Legal Expert Comments

10 days ago

TL;DR
SEC Sues Kraken: The SEC has initiated a lawsuit against Kraken for operating without proper securities registration.
Shift in SEC’s Strategy: Noticing a change, legal expert Mike Selig suggests the SEC is now using multiple district courts for crypto case evaluations, possibly due to concerns over losing cases like its ongoing battle with Ripple.
XRP Not Targeted: In its recent actions, the SEC didn’t label Ripple’s XRP as a security.

Here is Why the SEC Changed Its Approach
The US Securities and Exchange Commission (SEC) has once again attacked the cryptocurrency industry, filing a lawsuit against the digital asset exchange Kraken. It alleged that the latter has been operating as an unregistered securities exchange, broker, dealer, and clearing agency.
It is worth

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Shiba Inu (SHIB) Announces a New Feature on Shibarium: Details

11 days ago

TL;DR

Shibarium’s New ‘Donate’ Feature: Shiba Inu introduced a “Donate functionality” to its layer-2 blockchain solution, Shibarium, allowing users to financially support non-profit validators who contribute to the network’s security and efficiency.
Progress and Achievements of Shibarium: Since its launch in August, Shibarium has shown rapid progress, surpassing 1.5 million blocks and nearing 4 million transactions, indicating significant activity and growth on the network.
Partnership with Manny Pacquiao: Shiba Inu also announced a partnership with former professional boxer Manny Pacquiao, who expressed gratitude towards the SHIB community for supporting the Manny Pacquiao Foundation, highlighting the coin’s expanding influence beyond the digital asset space.

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The Bitcoin (BTC) Price Predictions of the Last Seven Days: What do Experts Think Comes Next

12 days ago

TL;DR

Where is BTC Headed?
It has been another interesting week for the cryptocurrency industry, especially Bitcoin (BTC). The primary digital asset has experienced considerable price swings ranging between $35,000 and $38,000, while some analysts believe it could go even higher in the following months.
Such an example is the popular X (Twitter) user KALEO, who thinks BTC has a chance to soar to $40,000 before the end of 2023. However, they warned that the asset might plunge to approximately $34,000 before spiking to the aforementioned peak.
Another analyst who recently chipped in is CryptoCon. They observed the Alternate Theory, which is an alternative to the Halving Cycles Theory, to assume that BTC could hit a new all-time high by early May 2024. 
It is worth noting

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Binance Delists 15 Trading Pairs: Ripple (XRP), Cardano (ADA), and Solana (SOL) Affected

13 days ago

TL;DR
Binance Delists Russian Pairs: Binance will remove 15 Russian ruble trading pairs, including ADA/RUB, SOL/RUB, and XRP/RUB, due to security concerns and low liquidity, aligning with their strategy to exit the Russian market.
Strategic Shift: The exchange’s move reflects a compliance-focused strategy, as stated by Chief Compliance Officer Noah Perlman, emphasizing a shift away from Russian operations to focus on other global markets.
Cryptocurrency Price Impact: The delisting has affected the prices of XRP, ADA, and SOL, with notable declines. Despite this, experts predict potential future gains for these cryptocurrencies.

Protecting Users or Anti-Russian Move?
The world’s largest cryptocurrency exchange – Binance – announced that it will remove 15 spot trading pairs

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This Week’s Most Interesting Ripple (XRP) Price Predictions: Quick Recap

13 days ago

TL;DR
XRP’s Price Fluctuation: Ripple’s XRP has seen price fluctuations between $0.61 and $0.70, leading to various expert predictions.
Analysts’ Predictions for XRP: Analyst Dark Defender predicts a more than 30% increase in XRP’s price to reach $0.87 by the end of the week, while EGRAG CRYPTO suggests a potential rise to $1.40 by the end of 2023, contingent on overcoming major resistance levels.
“God Candle” Forecast: Analyst Tony “The Bull” speculates that XRP might form a “God candle,” similar to its 900% surge during the 2017 bull run, based on current market dynamics resembling those of the past.

The Most Recent XRP Bets
Ripple’s native token – XRP – has experienced another price turbulence this week. The coin’s valuation has been hovering between $0.61 and $0.70,

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Shiba Inu (SHIB) Major Announcement: Manny Pacquiao Collab

15 days ago

TL;DR
Shiba Inu and Manny Pacquiao Partnership: Shiba Inu announced a collaboration with boxing legend Manny Pacquiao, coinciding with the release of The Shib Magazine’s second edition and a 3,000 NFT giveaway.
Pacquiao’s Boxing Achievements: Manny Pacquiao is celebrated for winning 62 of 72 professional matches and being the first boxer to win lineal championships in five weight divisions, with titles in four decades.
SHIB’s Recent Market Performance: SHIB has seen a 20% increase in the past month, possibly attributed to the development of Shibarium and a successful token burning initiative, reaching significant network milestones.

Shiba Inu Collaborates With a Renowned Boxing Champion
The team behind the popular memecoin – Shiba Inu – recently announced the upcoming

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Important Update from Binance Concerning 13 Cryptocurrencies

16 days ago

TL;DR
New Cryptocurrencies on Binance Japan: Binance Japan adds 13 new digital assets, including NEAR, IMX, and MANA, expanding its total offerings to 47, with future plans to reach 100.
Market Response to Announcement: The addition of these cryptocurrencies led to a positive market response, with notable gains in NEAR, KLAY, and OP.
Binance’s Strategic Re-entry into Japan: Binance re-enters the Japanese market after acquiring Sakura Exchange BitCoin, aiming to leverage Japan’s strong economy and tech ecosystem for cryptocurrency adoption and regulatory compliance.

NEAR, IMX, MANA, and Many More
The Japanese subsidiary of the world’s largest cryptocurrency exchange – Binance Japan – disclosed the addition of 13 new digital assets on its platform. 
Users will get the

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Popular US Exchange With Special Announcement for Ripple (XRP) Users

16 days ago

TL;DR
Uphold’s XRP Giveaway Winner: Uphold, a New York-based cryptocurrency exchange, awarded 20,000 XRP to Oregon resident Daniel Z. and plans to give away 50,000 XRP in November, increasing from an initial 10,000 XRP after partnering with Ripple.
November Sweepstakes Mechanics: Participants in Uphold’s November sweepstakes can win 50,000 XRP by making trades, with each $20 trade providing an entry.
XRP Price Outlook: Analysts predict a rise in XRP’s price, with potential peaks of $1.40 by year-end and $0.87 by November 19, depending on overcoming resistance levels.

More Than Doubling the XRP Giveaway
The New York-based cryptocurrency exchange – Uphold – announced that the winner of its special XRP distribution for October is Daniel Z., a resident of the state of

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The Reason Polygon (MATIC) Price Has Exploded 80% in the Past Month

17 days ago

TL;DR
MATIC’s Price Surge: Polygon’s native token, MATIC, has seen an 80% increase in value over the past month and is among the few assets to gain in the last 24 hours, currently trading at around $0.94.
Market Sentiment and Institutional Interest: The rally in MATIC’s price is partly attributed to the overall bullish sentiment in the crypto market and growing interest from institutional investors and whales.
Significant Accumulation by Key Wallets: Key wallets holding between 100K to 10M MATIC have accumulated about 43 million tokens, currently worth approximately $40 million, contributing to its impressive market performance.

Polygon’s native cryptocurrency – MATIC – has experienced a significant price increase lately, being up over 80% in the past month.
Moreover, it

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Important Ripple (XRP) Warning: Stay Away From This Dangerous Scam

18 days ago

TL;DR

Stay Vigilant for This Ripple (XRP) Fraud
Numerous X (Twitter) users have recently rung the alarm bell regarding a scam that targets XRP holders, with one of them being the blockchain analyst Crypto Eri.
They posted a video on the social media depicting how Ripple’s CEO – Brad Garlinghouse – urges people to send between 1,000 and 5,000 XRP to a mysterious address and later receive double the amount they have transferred. However, the video seems to be created by skillful scammers who only aim to drain assets from victims.
Multiple users who commented below the post appreciated the information and vowed to spread the word so others could also stay safe.

XRP Looking for a Breakout
Speaking of Ripple’s native token, it is worth observing its recent price swings and

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Super Bullish Solana (SOL) Price Prediction: Details

18 days ago

TL;DR
SOL’s Growth: Solana’s SOL surpassed $60 recently, igniting investor enthusiasm for further increases.
Predictions for SOL: Analyst Jacob Canfield forecasts SOL could outperform Ethereum, potentially reaching a $1,000 price point, bolstered by significant partnerships.
Current Market Status: Despite its growth, SOL is still below its 2021 peak, but shows bullish signs with high trading volumes and notable institutional investment.

Could SOL Experience an Astronomical Rise?
Solana’s native token – SOL – has charted massive gains in the past several months, capturing much of the investors’ attention. Last week, it surpassed $60, a valuation last seen in May 2022, triggering additional enthusiasm across the community and infusing hopes that a further rally could be

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Traders on This Exchange are Extremely Bullish on Ripple (XRP): Do They Know Something?

23 days ago

TL;DR
Ripple’s XRP has seen a recent price increase, leading to a positive shift in investor sentiment, with over $355 million in futures and 91% of traders taking long positions on Bitrue.
Analysts provide varied forecasts, with predictions of a continued uptrend with potential to reach $1.05 if it maintains above the $0.66 level, while others speculate a surge to $14 in the near term.
Outlier predictions include a highly skeptical claim of XRP reaching $500 in the coming years, requiring an improbable market cap surge above $250 trillion.

The XRP Army Seems Quite Optimistic
Ripple’s native token – XRP – has been on an uptrend lately, with its valuation briefly surging above $0.73 (per CoinGecko’s data) a few days ago. The price rally appears to have affected investors’

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Shiba Inu Outpaces Bitcoin Cash as SHIB Price Jumps 5%

24 days ago

TL;DR
Shiba Inu (SHIB) has surpassed Bitcoin Cash (BCH) in market capitalization, ranking as the 18th largest cryptocurrency with nearly $5 billion in value.
SHIB experienced a price rally, increasing around 5% in 24 hours and 12% over two weeks, outperforming major cryptocurrencies like BTC and ETH, which have shown more stability in their price movements.
The SHIB surge is potentially influenced by the development of Shibarium, a layer-2 solution aimed at reducing transaction fees and increasing speed for the Shiba Inu network, which has recently exceeded 1.5 million blocks.

Shiba Inu’s Recent Push
The popular meme coin and the second-biggest by market capitalization in its realm – Shiba Inu – made the headlines again by surpassing Bitcoin Cash in terms of market

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Important Ripple (XRP) Metric Hits Its Highest Level in 2023: Details

25 days ago

TL;DR
XRP price exceeds $0.70, outshining other cryptocurrencies with significant holding by large investors and a recent spike in social media discussions.
XRP’s performance, with over a 25% gain, eclipses Bitcoin’s 2% rise, reflecting a standout rally in the crypto market.
Analyst predictions suggest further growth for XRP, with ambitious price targets up to $18.22, supported by optimistic technical analyses.

XRP Whales on the Move
Ripple’s coin – XRP – has been crypto’s rock star in the past few weeks, with its price recently spiking above the coveted level of $0.70. The asset’s rally coincides with an increased activity coming from large investors.
As revealed by Santiment, wallets holding between 100K and 1 billion coins currently control almost 46% of the token’s

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Two Years Ago on This Date, Solana (SOL) Hit an All-Time High

25 days ago

TL;DR
Solana’s SOL token has seen a significant increase in value, rising over 70% in the last month to about $40, although it remains 85% below its all-time high of nearly $260 from November 2021.
The price spike comes amidst broader crypto market momentum, with SOL’s previous peak coinciding with Bitcoin’s surge above $69,000 two years prior.
Recent developments for Solana include surpassing Polygon in daily DEX trading volume, reaching over $240 million, and attracting $74 million in institutional investment inflows, ranking it second only to Bitcoin.

Solana’s native token – SOL – has performed quite well in the past several weeks, with its price jumping by over 70% in the last 30 days. Currently, it trades at around $40 (per CoinGecko’s data), while last week, it even

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