Markets

TL;DR Shiba Inu (SHIB) saw a price surge earlier this year but has since lost some of its momentum. ChatGPT sees low chances of reaching the top 5 cryptocurrencies despite further growth from Shibarium and a strong community. Dogecoin (DOGE), backed by Elon Musk and Tesla, has better prospects for entering the elite club, driven by potential celebrity endorsements and market optimism. Is That a Mission Impossible? The popular meme coin experienced an impressive revival...

As it happened during the past few weekends, bitcoin’s price actions have calmed, and the asset sits at just under $68,000. The altcoins are also quite sluggish on a daily scale, but the weekly landscape has produced some mind-blowing gains. BTC Stops Below $68K Bitcoin had a strong start to the current week as it exploded from under $69,000 to over $70,500 in hours on Monday. As the bulls were preparing for another run, perhaps even challenging the all-time high of $73,800,...

The crypto market is as volatile as ever after the recent approval of Ethereum ETFs. Altcoins like Avalanche and Fantom are making headlines with significant whale movements, while Tron faces a potential price correction. Meanwhile, BlockDAG (BDAG) is emerging as a standout layer 1 coin in the crypto ecosystem. BDAG is ushering in a new era by combining Directed Acyclic Graphs (DAGs) with traditional blockchain security, offering unmatched transaction speeds and scalability. This...

BlockDAG’s engaging Shibuya keynote has significantly resonated within the cryptocurrency community, drawing attention alongside the buzz around Ripple (XRP) price forecasts and tales of Dogecoin millionaires. As a standout investment in the presale arena, BlockDAG has demonstrated its market strength by selling over 6,700 miners and swiftly advancing through its presale phases, currently in its 16th batch. This article unpacks the keynote’s revelations, outlines methods to profit from...

Amid dynamic market shifts, the crypto landscape is teeming with excitement. Dogecoin is anticipated to soar to $1, driven by rising investor sentiment toward riskier assets, as outlined by crypto expert Kaleo. Concurrently, the legal tussle between Uniswap and the SEC stirs uncertainty in the DeFi community, affecting Uniswap’s market value. Amid these fluctuations, BlockDAG introduces significant updates, propelling its presale to a remarkable $37 million, courtesy of its refreshed user...

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...