Markets

Cryptocurrency markets thrive on volatility and the occasional emergence of a meme coin that defies expectations. Enter Hump (HUMP), a viral contender poised as an alternative to Cardano (ADA).  In a matter of days, this burgeoning sensation experienced a meteoric rise of 5000%, delivering substantial profits to early investors and leaving onlookers astonished. Now, a renowned analyst, renowned for accurately forecasting Solana’s (SOL) downturn in 2022, has thrown...

The different cycles of the cryptocurrency market live on surprising tales, and April 2024 is no exception. Hump (HUMP), a meme coin that is relatively new to Solana and is presently trading for less than $0.01, has swept the market and dominated top gainer charts all month long. Excitement has surged to the surface because of Hump’s rapid climb and rumours of a possible leap to $0.5 by the end of Q2. Let’s examine this compelling narrative in more detail, as well...

Spot Bitcoin and Ethereum ETFs launched in Hong Kong this week, which marked a significant milestone for the broader adoption of digital assets within traditional financial markets. Investors are growing eager to explore the emerging market as the recent developments with ETFs pose growth implications.  Amid the excitement, ETFSwap (ETFS) has emerged as an intriguing prospect that harnesses the blockchain to offer ETFs to broader crypto investors looking to...

Stellar lumen price is attempting a fresh increase from the $0.1030 zone against the US Dollar. XLM price is now trading near $0.1100 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.1105 on the 4-hour chart (data feed via Kraken). The pair could accelerate higher if there is a clear move above the $0.1115 resistance zone. Stellar lumen price is trading in a positive zone above $0.1050 against the...

XRP price is attempting a fresh increase from the $0.4750 support against the US dollar. The price is now trading above $0.500 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.5050 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.5350 resistance. XRP price is consolidating above $0.5150 against the US Dollar, like Bitcoin. It must...

While meme coins have seen a massive resurgence this year, this has raised concerns for certain industry players. Chris Dixon – a general partner at Andreessen Horowitz (a16z) – has expressed concern over the US regulatory system, questioning why meme coins were allowed to thrive while cryptocurrency companies and blockchain tokens with useful applications “get stuck in regulatory purgatory” due to potential classification as securities. Trapped in “Regulatory Purgatory”...

In the dynamic world of cryptocurrencies, three notable tokens—Shiba Inu (SHIB), Dogecoin (DOGE), and Furrever Token (FURR)—have recently made headlines with significant developments. Each of these coins has brought forward news that not only affects their individual market trajectory but also signals broader trends in the cryptocurrency space. From Shiba Inu’s upcoming TREAT token which aims to add greater utility within its ecosystem, to Dogecoin’s recent surge...

Bitcoin’s price recovery tour took it to a multi-day peak of $64,500 yesterday, but the asset failed to continue upward and has retraced by over a grand since then. Most larger-cal alts are slightly in the red on a daily scale, with TON, ADA, and SHIB declining by 2-4%. BTC Stopped at $64.5K The start of May was quite painful for the bitcoin bulls as the cryptocurrency slumped hard after failing to pump above $65,000 a day earlier. The massive correction drove the asset to...

The crypto market is witnessing a bullish traversal after the Federal Reserve decided to maintain interest rates. With the clearance of monetary policy for global investors, many altcoins are rising after a significant price dip in the last few days. The crypto market is recovering from major losses with a 3.3% rise in the market cap.  Amid the surging demand for meme coins and utility-based tokens, Shiba Inu and DTX Exchange are raising market expectations with...

BlockDAG has raised the bar in the cryptocurrency market by launching new payment options and implementing a strategic $100 million liquidity plan. These developments position BlockDAG ahead of notable players like Aave, known for its decentralized lending, and The Graph, recognized for its blockchain data indexing capabilities, with the presale gaining over $22.4 million it shows the market confidence investors have in BDAG. Aave Stands Firm with Decentralized...