Markets

With the broader market recovery this year, the network activity XRP Ledger (XRPL) also surged across nearly all metrics, with active addresses and transactions increasing by 37% and 113% quarter-over-quarter (QoQ), respectively, according to Messari’s latest report. A significant portion of this activity stemmed from a concentrated group of approximately 45,000 accounts, which collectively sent over 30 million transactions to a single one, primarily for inscription-related...

Analysts from the market intelligence platform CryptoQuant say the recent bitcoin (BTC) moves by the defunct crypto exchange Mt. Gox are no cause for alarm and would cause no immediate selling pressure on the digital asset. According to the latest weekly report from the analytics firm, the transfers were executed between Mt. Gox’s trustee addresses and are not a sign that creditor repayments have begun. No Cause for Alarm On May 27, on-chain analysts noticed the movement of...

Algotech, an advanced algorithmic trading platform, is taking over the cryptocurrency world, leaving the once-dominant Shiba Inu (SHIB) behind. SHIB whales have been buying up Algotech’s native token, ALGT, during the project’s viral presale event amid this frenzy. Meme coin mania came and went, and people’s attention shifted to projects with real-world use cases and disruptive potentials. Shiba Inu Faces 3.41% Price Drop Despite 310% Burn Rate Surge Shiba Inu, the se­cond-largest meme...

After a few days of sideways trading, bitcoin’s price headed south on Friday and slipped to a weekly low of around $66,600 before it recovered approximately a grand. The altcoins are quite sluggish today, with ETH gaining about 1% of value and closing down on the $3,800 mark. BTC Recovers The start of the business week went under the total domination of the bulls as they drove the primary cryptocurrency from under $69,000 to a weekly high of over $70,500. As hope started to...

TL;DR XRP has stayed stable between $0.51 and $0.54 despite market volatility, with analysts predicting a potential rise due to its low RSI ratio. The upcoming launch of a Ripple stablecoin, a possible XRP ETF, and a settlement in the lawsuit against the US SEC could also drive a price increase. Is XRP Ready to Spike? While the cryptocurrency market experienced substantial volatility in the past few weeks, Ripple’s XRP remained relatively unfazed. Its price has recently...

[PRESS RELEASE – Dubai, UAE, June 1st, 2024] The Penguiana project, a penguin-themed meme coin built on the Solana blockchain, has achieved a remarkable milestone, hitting an all-time high fully diluted valuation of $4 Million and currently sitting at a market cap of over $2.5 million, according to Dexscreener. This significant growth underscores the strong confidence and community enthusiasm as the team prepares to launch the GUIANA NFTs. Penguiana’s Market Surge and...

In the bustling crypto market, NEAR Protocol and Avalanche are posting substantial gains, forecasting a bright future for their respective prices. Amidst these rising stars, BlockDAG distinguishes itself as the prime investment choice, boasting a successful presale that garnered over $37 million. A recent update to its dashboard has further refined the community experience, making BlockDAG a beacon of growth and transparency in the crypto universe. Performance and Prospects of NEAR Protocol...

In the bustling crypto market, NEAR Protocol and Avalanche are posting substantial gains, forecasting a bright future for their respective prices. Amidst these rising stars, BlockDAG distinguishes itself as the prime investment choice, boasting a successful presale that garnered over $37 million. A recent update to its dashboard has further refined the community experience, making BlockDAG a beacon of growth and transparency in the crypto universe. Performance and Prospects of NEAR Protocol...

BlockDAG has catapulted into the spotlight with a staggering $37.8 million presale, prompting experts to forecast a price target of $10 by 2025. Amid the fluctuating crypto market, particularly with Shiba Inu’s projections and Bitcoin Cash whale movements, BlockDAG’s successful presale and its striking presence at Piccadilly Circus have markedly enhanced its market visibility and investor trust. Shiba Inu Price Prospects: A Look at Shibarium Network Dynamics Shiba Inu (SHIB) is witnessing...

The surge in celebrity-backed tokens, fueled by the frenzy for meme coins, has polarized the community. One such meme coin that has captured the market attention is that of American TV personality Caitlyn Jenner’s JENNER token. Jenner launched 12 meme coins on the Solana blockchain within a mere four days, reaping profits of 2,381 SOL, which is equivalent to $405,000. $405K Earnings in Just 4 Days Lookonchain’s latest findings reveal that Jenner’s approach included launching...