Markets

TL;DR Shiba Inu’s price rose 12% over the past week but remains below its 2021 highs. Early Bitcoin adopter, Davinci Jeremie, endorsed SHIB on Twitter, prompting positive reactions in the crypto community. Jeremie had earlier accurately predicted Bitcoin’s growth potential, with BTC recently surpassing $35,000. Pinpointing at SHIB Ever since entering crypto’s ecosystem, memecoins have been intriguing for many investors and traders due to their enhanced volatility and...

According to the analyst, November will pave the way for a plausible BTC surge above the $45,000 mark. As Bitcoin (BTC) continues its bullish trajectory over the week, the cryptocurrency market is abuzz with speculation about its next milestone. According to a comprehensive analysis by prominent financial analyst CryptoCon, Bitcoin is poised to hit a significant threshold of $45,000 in November, leveraging insights from previous market cycles. CryptoCon shared these insights in a series of...

It’s been an eventful week in the meme coin market, with most coins and tokens seeing significant price growth. Floki (FLOKI) has soared by 25% since Thursday morning, while Pepe (PEPE) is up 80% in the past week. In this article, we take a closer look at these two coins before presenting three alternative tokens that could be primed to explode next. Floki & PEPE Rise as Meme Coin Market Heats Up Floki, named after Elon Musk’s pet Shiba Inu dog, is currently ranked the...

With how LINK is moving in recent times and its historical precedent, there are indications that it may serve as a market leader once again, potentially triggering another bullish trend. Chainlink (LINK), a decentralized blockchain oracles service provider has emerged as a standout performer, witnessing an astounding 50% increase in its price as the crypto market witnessed a significant uptick in valuation. Understanding the Chainlink Surge The recent surge in Chainlink’s price can be...

Zhao’s woes and those that are related to his exchange have been largely a result of the ongoing lawsuits against them. Binance co-founder and CEO Changpeng Zhao continues to see his fortune slashed after he reportedly lost another $11.9 billion, according to the Bloomberg Billionaires Index. This brings his total fortune loss from the January 2022 peak of $97 billion to around $80 billion. Zhao Is Losing His Wealth, Here’s Why As of publication, Zhao’s crypto empire is now worth a measly...

The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets. On Thursday, October 26, Ford Motor Co (NYSE: F) reported its Q3 2023 earnings while missing Wall Street expectations. The company has been restructuring its operations and regrouping after the conclusion of nearly six weeks of US labor strike that cost the company a staggering $1.3 billion. Ford in Q3 2023 In the third quarter, Ford reported a shift to net income,...

While the prospect of a Bitcoin ETF is undoubtedly exciting, it is essential to acknowledge the potential challenges and roadblocks that may surface. The crypto community is abuzz with anticipation as the US Securities and Exchange Commission (SEC) considers multiple filings for spot Bitcoin (BTC) Exchange Traded Funds (ETFs). SEC Chair Gary Gensler recently revealed that the regulatory body has between eight to ten such filings on its plate for consideration. Bitcoin’s Rally and Market...

Bitcoin cash price started a downside correction from the $270 zone against the US Dollar. The price is now trading above the $240 zone and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support at $242 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $242 and $240 support levels. Bitcoin cash price is declining from the $270 zone against the US...

Sygnum, the world’s first digital asset bank, today announces an innovative new private debt asset token with Float, a Stockholm-based Capital-as-a-Service company. Fasanara Capital, one of Europe’s largest credit funds in fintech, is acting as senior lender. The Float Token is a private debt asset token launched by Float in partnership with Sygnum Bank on the Polygon blockchain. Exclusively available to Sygnum clients, it provides a unique opportunity to invest into a private debt portfolio...

TL;DR Shiba Inu’s layer-2 solution, Shibarium, witnessed a 400% increase in daily transactions, reaching over 62,000 on October 25. Since its launch in August, Shibarium has seen over 1.3 million blocks and is nearing 4 million overall transactions. This growth in Shibarium is seen as a potential driver for SHIB’s price, which has recently risen by about 10% daily and 20% weekly, possibly also influenced by the broader bullish cryptocurrency market trends. What’s New With...