With a growth rate of +5000%, this new meme coin is the talk of the town. While the dogs and frogs are watching, BEFE coin is busy taking the crown of the next best meme coin for itself! Such a growth rate is unexpected from even big coins like bitcoin and even other altcoins like ethereum, and solana, which is why BEFE coin is fast becoming the rising star. Move over, dogecoin! What is BEFE coin? With a CoinMarketCap rank of #2932, this new rockstar is fast...
Read More »Stablecoin Issuer Tether Moves to Add USDT on Celo
CoinspeakerStablecoin Issuer Tether Moves to Add USDT on Celo As described by the stablecoin issuer, the Celo fee advantage will help it connect more with users in socio-economically disadvantaged regions. Stablecoin Issuer Tether Moves to Add USDT on Celo
Read More »Solana (SOL) Makes a Comeback: $24M Inflows Signal Positive Momentum
Solana has been highly favored among altcoins, yet its reputation took a hit due to significant network outages. Despite the overall market surge and renewed investor confidence in 2024, inflows into digital asset investment products associated with Solana were not substantial. However, there are signs of a gradual shift in this trend as Solana investment products gathered pace once again. Solana Rebounds with $24M Inflows According to CoinShares’s latest edition of the...
Read More »Stellar Lumen (XLM) Price Could Gain Pace If It Clears $0.15
Stellar lumen price is attempting a fresh increase from the $0.1165 zone against the US Dollar. XLM price is now trading near $0.140 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1355 on the 4-hour chart (data feed via Kraken). The pair could accelerate higher if there is a clear move above the $0.1500 resistance zone. Stellar lumen price is trading above $0.1250 against the US Dollar, like Bitcoin. XLM...
Read More »Ripple Price Analysis: Key Support Intact Above $0.55
Ripple price started a downside correction from the $0.640 zone against the US dollar. The price is now trading below $0.6250 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.6200 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase unless there is a close below $0.5550. Ripple price is consolidating near $0.600 against the US Dollar, like Bitcoin. XRP...
Read More »Arthur Hayes Clarifies: Ethena’s Yield Mechanism Unique from Terra’s Collapsed UST Stablecoin
The stablecoin initiative USDe by Ethena Labs has seen notable adoption, with its market cap surging by over 40% in the last week and by 400% in the last month, reaching $840 million. Following the setback of the Terra ecosystem’s downfall, concerns have been raised within the community about the launch of USDe. However, Arthur Hayes is optimistic, seeing Ethena as the leading contender in the crypto space to deliver a synthetic USD based on a public blockchain. USDe is not...
Read More »Is the Bitcoin Rally Cooling Down in the Short Term? Altcoin Seasons Starts Brewing (Analysis)
On March 8, on-chain analytics provider Santiment reported that despite the incredible milestone for Bitcoin, “there is a combined sense of exhaustion and altcoin distraction coming from the trading community right now.” BTC prices briefly topped $70,000 on Coinbase on Friday marking a new all-time high for the digital asset. However, it sharply retreated from this level for the second time in a week, falling to around $68,000 a few hours later. Bitcoin Fervor Fading? So far,...
Read More »Bitcoin Stopped at $70K, FLOKI Skyrockets 111% Weekly and Nears Top 50 (Weekend Watch)
Bitcoin’s price stood still for several days, but the asset went on the offensive yesterday, broke above $70,000 for the first time ever, and was violently rejected minutes later. Several altcoins, led by Worldcoin and FLOKI, have produced massive gains over the past day. BTC’s Rollercoaster CryptoPotato reported BTC’s notable run as of late, which culminated this week by charting a new all-time high two consecutive times. At first, Bitcoin shot above $69,000 on Tuesday after...
Read More »Important Binance Update Affecting Ripple (XRP) Traders
TL;DR Binance is set to introduce XRP/USDT options trading by the end of the week, aiming to improve trading experiences with competitive pricing. The company also adjusted its offerings by suspending Solana withdrawals, delisting several altcoins, and adding new assets to Binance Loans. The leading cryptocurrency exchange continues implementing amendments on its platform “to enhance users’ trading experience.” According to a recent announcement, Binance will launch XRP/USDT...
Read More »Ethena Decoded: Arthur Hayes’ Insights on Opportunities and Risks of USDe
CoinspeakerEthena Decoded: Arthur Hayes’ Insights on Opportunities and Risks of USDe Arthur Hayes believes that USDT and USDe have risks, and both could ultimately fail. However, the failure could be linked to different reasons, given Ethena’s superior approach. Ethena Decoded: Arthur Hayes’ Insights on Opportunities and Risks of USDe
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