Markets

TL;DR Meme coins are in the spotlight due to market changes, and their success in 2024 is uncertain and influenced by various factors. Positive trends in the broader crypto market, including Bitcoin-related developments and social media hype, could impact meme coins’ performance. Newer meme coins like Bonk Inu and dogwifhat have seen growth, with their future potentially linked to the overall performance of Solana. Will Meme Coins Flourish This Year? Meme coins have been...

Bitcoin has calmed at around $43,000 after the recent volatility propelled by the US Securities and Exchange Commission and the launch of 11 spot ETFs. On a weekly scale, though, BTC is in the red, unlike most cryptocurrencies, such as ETH, which has soared by double digits. BTC Down on ETF Approval Week After years and years of delaying and rejecting countless applications, the US securities regulator finally greenlighted spot Bitcoin ETFs on Wednesday, and the products...

Dogecoin (DOGE) and Shiba Inu (SHIB) have recently experienced a shift in momentum in the crypto world. The two popular memecoins, once the center of rapid market movements, are now seeing a cooling off. This trend comes as emerging tokens like Pullix (PLX) begin to capture the market’s attention, heralding a potential change in investor focus. Dogecoin (DOGE): Navigating the Waves of Market Volatility Dogecoin (DOGE), the popular meme-inspired cryptocurrency, has recently...

TL;DR Analysts remain optimistic about Cardano’s ADA, predicting serious gains throughout the ongoing year. Predictions include potential short-term targets of $1 and even higher values, influenced by upcoming market events like the Bitcoin halving. Is It Time for ADA to Shine? Cardano’s ADA has performed quite well in the last quarter of 2023, with some analysts envisioning an even greater rally throughout 2024. The host of the educational YouTube channel Coin Bureau is...

More than 30% of blockchain games announced in 2023 have been reported as discontinued or canceled, as per the data provided by the Big Blockchain Game List. As of January 2024, the list encompasses 911 games, with 334 currently live and 577 still in development. Blockchain Games Face High Discontinuation Rate Out of the cumulative 1,318 blockchain games ever listed since the initiative’s launch in 2021, a significant 31%- equivalent to 407 games – now are categorized as...

In its recent report, the Commodity Futures Trading Commission (CFTC) underscored a fundamental issue within DeFi systems, pointing to the absence of clear lines of responsibility and accountability intentionally overlooked by certain industry structures. The report emphasized the substantial risks that DeFi systems pose to consumers, investors, financial stability, market integrity, and the fight against illicit finance. The central concern is the lack of a well-defined...

Arguably the most anticipated development in the cryptocurrency industry over the past decade became reality earlier this week when the US Securities and Exchange Commission greenlighted numerous spot Bitcoin ETFs. 11 such products reached the markets on Thursday, and the volumes exceeded $4 billion on the first trading day. Amid this, BTC faced mindblowing volatility that included a price dump from over $49,000 to under $42,000. Was it Bound to Happen? Bitcoin skyrocketed to...

The US Securities and Exchange Commission finally greenlighted a spot Bitcoin ETF earlier this week, although in a slightly reluctant fashion. Now, speculations are starting to arise on when the agency will do the same in terms of an exchange-traded fund tracking the performance of the second-largest cryptocurrency. When ETH ETF? 2023 will go down in history as the year with the most news and developments in terms of ETFs as numerous companies filed for such products for BTC...

The highly volatile moves after the approval of the first US spot Bitcoin ETFs continued in the past 24 hours, with a massive dump to under $41,600. The altcoins have suffered just as badly, with SOL, ADA, AVAX, and others slumping by more than 5-6% in the same timeframe. BTC’s Volatility Returns Bitcoin and the entire cryptocurrency industry had a very eventful week, in which the US SEC was expected to approve the first spot BTC ETFs in the country. While that indeed...

Bitcoin plummeted 10% below $42,000 on Friday, triggering $338 million worth of crypto market liquidations. The collapse erased most of the asset’s progress over the past month leading up to the approval of several Bitcoin spot ETFs for public trading in the United States. According to Coinglass, over 101,000 crypto traders have been liquidated in the past 24 hours. The largest individual liquidation took place on a Bybit BTC/USD trade for $4.5 million. Most liquidations...