Markets

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...

While the crypto market witnessed significant bloodshed in April, layer-2 networks recorded substantial developer activity, signaling a strong belief in these projects despite the latest slumps in the value of their native tokens. A tweet by crypto data analytics platform Santiment revealed that the top ten layer-2 networks were selected by counting each project’s non-redundant GitHub activity and averaging their daily activity over the past 30 days. According to Santiment,...

Discerning crypto investors are constantly seeking promising opportunities with substantial long-term benefits. Among the top contenders, BlockDAG has become a compelling investment, notably outpacing Toncoin’s (TON) stability and Litecoin’s (LTC) volatility. With an impressive presale haul of $22 million, BlockDAG is not just participating in the market; it’s leading it. Poised to reach a target price of $30 by 2030, the project introduces a strategic vesting...

Coinbase, the largest U.S. crypto exchange, has released its Q1 2024 earnings report, posting a total revenue of $1.6 billion, a 72% increase quarter on quarter. The performance has been driven by the rising crypto asset prices and the launch of spot Bitcoin ETFs in the U.S. which further improved inflows into the market. Coinbase Earnings Surged in Q1 Coinbase’s net income reached $1.18 billion, $4.40 per share, translating to $1 billion in adjusted EBITDA in Q1....

Not many altcoins can make it to the market headlines as BEFE did. The coin has now become a frenzy amongst the investor community due to its innovative and eccentric ecosystem. Let’s explore BEFE more to discover the reasons behind its rising fame. Meme coins have likely taken up most of the cryptos in the market in the wake of their funny origins and impassioned online communities. From the first-ever meme coin, Dogecoin, it became a great opportunity for...