Tag Archives: Crypto Bits

TL:DR; Ripple’s cross-border token took the recent market-wide meltdown quite badly, with its price dumping from over $2.7 to under $2 within days. The asset has recovered some ground but now sits at a pivotal level that will determine whether it resumes its bull run or slips once again. The start of the business week was quite bullish for XRP as the company behind it announced on Monday that its long-anticipated stablecoin will be officially released for trading on the next...

TL;DR Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) retained their top spots in terms of “notable development activity.” The rankings are based on filtered development events that reflect real progress, emphasizing active contributions from developers. The Top 10 List Cryptocurrency analytics platform Santiment recently estimated that Internet Computer (ICP) ranked first in terms of “notable development activity” in the past month, collecting a score of...

TL:DR; Investors with lots of conviction for certain assets tend to utilize deep corrections to stack more of those coins, and this seems to be the case in regards to the two of the largest cryptocurrencies – DOGE and XRP. On-chain data shows that large wallets poured millions into both during the recent market meltdown. The market-wide crash that began in the middle of the business week caught many by surprise, given the billions of dollars worth of liquidations that were...

TL:DR; Although the entire cryptocurrency market corrected severely in the past 36 hours, DOGE is among the poorest performers as its price dumped by more than 25%. Many analysts weighed in on DOGE’s upcoming price developments, with some predicting a further drop to key resistance lines such as $0.22. The price charts across the entire cryptocurrency market have been in a deep red state ever since yesterday’s FOMC meeting. Although the Fed indeed cut the interest rates by...

TL;DR A whale turned a $3,800 investment in SHIB into over $6 million, with remaining holdings valued at $52 million. Another trader previously saw a 628x ROI from a $2,500 SHIB purchase, potentially gaining $1.58 million. The Multi-Million Trade The meme coin sector is full of tokens that have experienced colossal price increases in the past few years, thus giving savvy traders the chance to make substantial profits. Among the notable examples is Shiba Inu (SHIB), which...

TL:DR; XRP was the top performer from the larger-cap alts until yesterday afternoon, but its price has tumbled hard by double digits since then. Could that be related only to the market-wide retracement, or is there more to the story, such as another ‘sell-the-news’ event? Recall the price developments around XRP that took place earlier this week. The asset stood at around $2.35 but exploded on Monday evening to almost $2.6 after the company behind it announced that its...

TL;DR Shiba Inu’s price has fallen substantially lately, with declining burn rates and large transaction volumes signaling continued bearish momentum. On the other hand, reduced exchange reserves and SHIB’s RSI nearing oversold territory suggest that a potential rebound may be on the horizon. The Bad Days for the Bulls Might Not be Over The past two weeks have been quite successful for most leading cryptocurrencies. Bitcoin (BTC), for instance, saw its price surging by 10%,...

Federally approved digital asset securities platform Prometheum has filed a defamation lawsuit against crypto commentator Matthew Blumberg. The dispute stems from a November 6 post on X, where the critic accused the firm of operating “an illegal unregistered commodities exchange” and engaging in shady dealings with the U.S. Securities and Exchange Commission (SEC). Free Speech or Defamation? Prometheum’s complaint, filed in the New York Supreme Court, argues that Blumberg’s...

TL;DR Binance expanded support for Simon’s Cat (CAT) by including it in multiple trading programs. The token reacted to the news with a rapid price increase. The Binance-Fueled Pump The world’s biggest cryptocurrency exchange recently added further support for the meme coin launched on the BNB chain – Simon’s Cat (CAT). First, it included it in its HODLer Airdrops Portal. The program rewards BNB holders with token distributions based on historical snapshots of their...

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...