Tag Archives: Crypto Bits

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,...

TL;DR Pi Network users in South Korea surpass Binance’s user base in the country. The project’s open mainnet launch awaits final verifications, with updates expected in the following weeks. Pi Network Outpaces Binance on This Front The cryptocurrency project Pi Network, which allows individuals to mine digital assets directly from their smartphones, remains one of the most discussed topics in the space. It saw the light of day over five years ago but its open mainnet and...

TL;DR Cardano’s price soared to as high as $1.17, with market cap surpassing $40 billion amid bullish network indicators. 73% of ADA investors are now in profit, a sharp recovery from August’s lows when the majority of the token’s holders were underwater. ADA Heads North The cryptocurrency market experienced a notable recovery in the past 24 hours, with multiple leading digital assets charting impressive gains. Bitcoin (BTC), for instance, jumped above $100,000 again, while...

On Wednesday morning in Abu Dhabi, Binance and Circle announced a strategic partnership to promote USDC, a stablecoin jointly owned by Circle and Coinbase. The collaboration comes as stablecoins gain traction in mainstream finance and competitors seek to challenge the dominance of market leader Tether. The Alliance Details about revenue sharing in this arrangement remain undisclosed, though sources informed Fortune that Binance will not acquire an equity stake in Circle....

TL;DR Analysts predict ETH could hit $5,000 or even $10,000, with key resistance at $3,750 signaling a potential breakout. Rising daily active addresses and positive network growth suggest increasing Ethereum adoption, supporting a bullish outlook. Where’s ETH Headed Next? The second-largest cryptocurrency was on a tear last week, with its price briefly surpassing $4,000 on December 6. This was the highest level witnessed since March 2024. Since then, though, ETH started...

TL;DR After a correction below $94,500, BTC rebounded to almost $99,000, with certain indicators signaling a further push to the north. Some analysts see BTC’s next targets ranging from $101,000 to $275,000, supported by bullish technical patterns and market sentiment. New BTC Rally Incoming? The primary cryptocurrency became the talk of the town at the start of the month when its price finally conquered the $100,000 psychological level. On December 5, it rallied to a new...

TL:DR; XRP continues to dig new local bottoms as the asset slumped to a multi-day low of under $2 twice in the past 24 hours. This comes just a few days after some analysts speculated that Ripple’s token had already peaked during this cycle. Recall XRP’s massive price surge that started shortly after Donald Trump’s victory in the US presidential elections and intensified when current SEC Chair Gary Gensler said he will depart from his position on January 20, 2025. The...

TL;DR Shibarium has processed over 500M transactions and introduced key upgrades to boost the Shiba Inu ecosystem. Analysts suggest Shibarium’s progress could be one of the factors sparking a SHIB rally. Shibarium Keeps Progressing Shiba Inu’s layer-2 scaling solution officially launched in August last year. Since then, it has achieved numerous milestones. As CryptoPotato reported in November, the total number of transactions processed on the protocol has surpassed 500...

TL:DR; Ripple’s native token is poised to retrace in the short term, but that could be just the start of another rally that will push it to a new all-time high, said a popular analyst. XRP has cooled off after the recent gains and is actually 10% down on the week. XRP took off a little late after Trump’s decisive win in the US presidential elections, but once it did, it stole the show completely. At one point, its gains had gone above 420% on a monthly scale as the asset...

TL:DR; Whales continue to make big moves in the cryptocurrency market, and some keep accumulating PEPE. At the same time, others have decided to possibly part with WIF holdings and secure substantial profits. Lookonchain data has repeatedly outlined the growing demand from large investors toward the third-largest meme coin – PEPE. The latest substantial acquisition came hours ago as two wallets, perhaps belonging to the same entity, spent almost $5 million in USDC to...