Tag Archives: Crypto Bits

TL;DR An investor spent $916,000 on a Trump-related meme coin (RTR) driven by FOMO, only to lose almost everything when the coin’s value crashed shortly after. While some traders incur losses due to FOMO, others who enter the market at the right time can make substantial gains. However, the meme coin market remains highly dangerous and investors should be extra cautious when diving in. The FOMO Effect Meme coins have been among the highlights in the crypto space in the past...

TL;DR The layer-2 solution, Shibarium, is launching a hard fork on August 9, launching a burn mechanism. Shibarium continues to advance with upgrades aimed at improving transaction speed, scalability, and lowering costs, fostering the development of the Shiba Inu ecosystem. The Upcoming Development Shibarium – Shiba Inu’s layer-2 scaling solution – continues to make the headlines due to its rapid progress in terms of processed transactions or overall advancements. Most...

TL;DR Cardano (ADA) reached a nine-month low price, leaving many investors in losses (as of the moment). Input Output introduced a partner chains toolkit to enhance security, though ADA’s price remained unaffected. The RSI indicates it might be oversold, hinting at a potential rebound. Almost Every ADA Investor Goes Underwater The cryptocurrency market has significantly declined in the past few days, with things escalating in the past 24 hours. The sector witnessed a severe...

TL;DR Adopting BTC as a legal tender in the US would enhance its legitimacy and attract substantial investment, potentially boosting the price. This move could lead to market volatility with sharp movements due to speculative buying and unpredictable investor reactions. What if the US Embrace BTC? The United States will soon have a new President, with the elections scheduled for November this year. Those going to the ballot boxes will have to pick from the Democratic nominee...

TL;DR Input Output launched the alpha v1 release of the partner chains toolkit for Cardano to enhance network security by leveraging stake pool operators (SPOs). Despite the disclosure, Cardano’s native token ADA remained around $0.38, with no significant price change. The Alpha V1 Release Input Output – a technology company responsible for the research and development of the Cardano blockchain – launched the alpha v1 release of the partner chains toolkit. The move aims to...

TL;DR OpenEden is launching tokenized US Treasury Bills on the XRP Ledger. Users will be able to mint such products via stablecoins such as Ripple USD (when it sees the light of day later this year). XRP’s price is down 6% for the day, but a potential resolution in the Ripple v SEC lawsuit could positively affect its value. Tokenized US T-Bills on the XRPL OpenEden – a fintech company focused on bridging traditional finance and DeFi – will introduce tokenized US Treasury...

TL;DR BTC, XRP, and SOL are some of the top-trending digital currencies recently due to important factors that have sparked heated discussions. Other widely-discussed tokens as of late include Ethereum (ETH), Chainlink (LINK), and others. These are the Leaders The cryptocurrency market has passed through enhanced volatility in the past few days, affecting investor sentiment. Bitcoin (BTC), for one, reached a price of almost $70,000 on July 29 before plummeting below $66,000...

SHIB fell by 5% on the weekly chart after bulls failed to control the price. Key Support levels: $0.000014 Key Resistance levels: $0.000018 1. SHIB Remains Bearish Despite a short attempt at breaking the key resistance at $0.000018, SHIB was quick to turn back and resume its downtrend. The current price action is bearish, and if nothing changes, bulls will likely only show up once the price reaches the support at $0.000014. Chart by TradingView2. Sell Volume Dominates Even if...

TL;DR Shiba Inu’s price dipped by 3% daily, but the increase of some important indicators part of the ecosystem suggest a potential rally. Some analysts predict a bullish future for the meme coin based on technical indicators like the RSI, while others foresee a bearish outcome. The Indicators’ Explosion The cryptocurrency market plunged substantially in the last 24 hours following the news that the US government moved $2 billion worth of its bitcoin (BTC) holdings to...

TL;DR Ripple will unlock one billion XRP in August, which could impact the price due to increased supply. Analysts predict a bullish trend for XRP, expecting a significant breakout. The Upcoming Unlocks Ripple is set to unlock one billion XRP at the start of August – a practice that happens every month and is part of the company’s strategy to ensure a transparent release of its holdings. The initiative dates back to 2017, when Ripple placed 55 billion XRP tokens into a...