Markets

After a serious downswing Toncoin is showing signs of recovery. TON, with a market capitalization of over $12 billion, lost by 2.4% within the last 24 hours. On the other hand, on 8 October the Toncoin price dropped to $5.00 before making small gains. As of writing, TON is trading at $5.05 TON/USDT on Gate.io. However, its value decreased by 4.5% during the last 30 days. At the moment, TON is showing strong bearish momentum. As per its price action, TON is within a consolidation phase. The...

The Shiba Inu price predictions for the current market rally are impressive, with experts suggesting you could make $5,500 returns on the $1,000 you put in the coin. While that’s impressive, there are multiple coins with similar profit potential, but the new AI altcoin WallitIQ (WLTQ) outshines other market picks with insane profit potential. Experts believe WallitIQ (WLTQ) has the potential to turn $1,000 into $890,000 as investors place early bets on its presale. The ongoing WallitIQ...

The Federal Court of Australia has imposed an $8 million fine on Bit Trade, the operator of the cryptocurrency exchange Kraken in the country, for offering an unapproved margin lending product to local customers. The penalty follows allegations by the Australian Securities and Investments Commission (ASIC) that the firm violated financial regulations by failing to assess customer suitability for the product. Legal Implications The credit facility, which enabled users to...

Frax Finance plans to rebrand its stablecoin as frxUSD. New AI agents and Frax’s technology stack will transform DeFi. Frax Finance lays out its aggressive 2025 Vision Roadmap, looking to position the brand as the decentralized cryptocurrency’s central bank. The decentralized stablecoin protocol is set to introduce a new string of advancements. It plans to enhance tokens, drive blockchain innovation, and release AI agents across its ecosystem. The Frax platform is supporting several...

The crypto market has been on a bullish streak in the last quarter of this year, thanks to Donald Trump’s recent victory in the United States presidential election. American investment management firm VanEck has shared ten predictions that could raise the crypto market’s valuation in the coming year. Bullish Crypto Predictions From VanEck VanEck’s first prediction focused on leading assets that would experience meteoric price growth next year. For example, BTC would attain...

TL;DR The exchange will increase collateral ratios for six altcoins, including PNUT, starting December 17. The squirrel-themed meme coin surged in value after its initial Binance listing and sparked widespread interest due to its backing from prominent people like Elon Musk. The Involved Assets The world’s leading cryptocurrency exchange will update the collateral ratio for numerous altcoins under Portfolio Margin from December 17. The effort will be completed within...

The stablecoin market has experienced remarkable growth in 2024, driven by rising cryptocurrency adoption and a surge in institutional participation. All eyes are now on Ripple’s newly approved stablecoin, Ripple USD, a.k.a. RLUSD. But Ripple’s Chief Technology Officer, David Schwartz, addressed concerns over potential price anomalies for the asset as it prepares to launch. Speculative Hype Around RLUSD Unnecessary In a detailed statement on X, Schwartz explained that while...

TL;DR Analysts forecast a potential rally for XRP, with price targets ranging from $2.72 to $8.76. Conversely, key metrics, including active accounts and transactions, have declined, signaling reduced network activity and potential demand, which could hinder XRP’s upward momentum. Where Is XRP Headed Next? The cryptocurrency market has been booming in the past month, with Ripple’s XRP among the top performers. Its price exploded by approximately 120% for that period,...

Whales are making huge profits amidst another market-wide rally, with a recent PEPE transaction demonstrating the staggering potential of meme coin investments. Lookonchain revealed that the PEPE whale fetched an extraordinary return on investment. After being dormant for 600 days, the entity transferred all 2.1 trillion PEPE tokens, which are worth around $52 million, to a new address. What makes this move interesting is the initial investment: the whale spent a mere 0.0135...

This year is gradually coming to an end, and while the crypto industry witnessed significant growth this year, particularly after the United States presidential election, 2025 is expected to be an even better year. The on-chain analytics platform Nansen has shared with CryptoPotato key insights into important institutional trends that will gain momentum in the crypto market in 2025. However, these narratives are expected to do well under a clearer regulatory framework, which...