Author: cryptonews7
On-chain data shows these large holders have been snapping up ETH, with over 51,450 tokens — worth a whopping $188 million — purchased in just two days. This surge in whale activity hints at a possible rally, with some analysts eyeing a push past $3,700 or even $4,000 for ETH. What’s the Big Deal About Whales? Whales are the big-time players in the crypto world. They hold massive amounts of tokens, and their buying or selling decisions can rock the market. Recently, Ethereum’s whale netflow — the difference between coins bought and sold by these large holders — has jumped…
Litecoin (LTC) was trading at $91.69 at press time after a 16.97% drop in the past 24 hours and a 24.28% price drop within the past seven days. Market capitalization of the crypto is $6.89 Billion, and the circulating supply is 75 Million LTC. With the price drop, there is high activity in the $1.95 billion 24 hour trading volume. LTC traded between $87.07 and $110.94 in the last 24 hours and its seven day range was $87.17 – $129.12. Litecoin’s price decline, like the broader cryptocurrency market, followed Bitcoin’s fall below $100,000 for the first time in two weeks.…
Polkadot price finally demonstrated proof of life in November after months of being off the limelight. Low activity relative to other top blockchains had Polkadot sidelined. An outcome that may have dented sentiment. However, the latest data signals big changes for the network. Polkadot benefited from renewed market hype in November as liquidity rotation intensified. That effect is spilling over into December. A recent TokenTerminal report revealed that Polkadot monthly transactions reached a new high. Polkadot monthly transactions / Source: TokenTerminal A spike in volume accompanied the surge in Polkadot transactions in November. For example, the highest single-day volume recorded…
Advertisement     Despite climbing over 17% in the past week amid a broader crypto market rally, Polygon’s MATIC token has struggled to keep pace with its peers. Once a dominant player, MATIC has significantly underperformed, slipping to the 34th spot in market capitalization rankings. Polygon’s underperformance can be largely attributed to its ongoing transition, compounded by broader regulatory concerns in the crypto industry. In September, Polygon began rebranding its MATIC token to POL as part of the major Polygon 2.0 upgrade. This shift is central to the network’s evolution, focusing on zero-knowledge (ZK)-powered Layer 2 chains designed to…
Wed 25 Dec 2024 ▪ 3 min read ▪ by Mikaia A. We can mock them, ignore them, or label them as absurd, but memecoins continue to capture phenomenal attention. These ultra-volatile tokens, which sometimes turn traders into millionaires overnight, are equally capable of ruining their dreams in just a few clicks. So, why this craze? In 2024, a study by CoinGecko reveals that these unlikely assets dominated minds, capturing one-third of crypto investors’ interest. Why do memecoins fascinate so much? Memecoins, driven by iconic figures like Dogecoin and Shiba Inu, total an astronomical market capitalization of $113.2 billion in…
Pump Pumpkin’s founder Yonatan Badash admitted to manipulating the project’s token price, rug-pulling over US$800K from users. The project became embroiled in a legal dispute with Pump.fun, threatening the memecoin launchpad with a US$1B lawsuit. Pump Pumpkin, a rival to Pump.fun, Solana’s most popular memecoin launchpad, decided to push the self-destruction button after its founder, Yonatan Badash, admitted to manipulating the price of the project’s token and allegedly pocketing US$800K (AU$1.29M). The drama began with a legal threat and culminated in accusations of insider trading, racial slurs against Arabs, and investor losses. Related: Two More US States Eye Bitcoin Reserves,…
Advertisement     Ripple’s XRP, the seventh largest cryptocurrency by market cap, and XLM — the native token of the Stellar network — are two crypto assets that have been frequently compared in terms of price growth and development. Moreover, both tokens are used to facilitate fast and low-cost cross-border payments. Ripple CTO David Schwartz shared his observations on the persistent price correlations between XRP and XLM in an X post. What Drives The XRP Price? David Schwartz has recently taken to X (aka Twitter) to share a chart illustrating a strong correlation in the price actions of the…
Blockchain-enabled platform Tether has signed a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP), responsible for crypto regulation and development in the Republic of Uzbekistan. This strategic collaboration aims to position Uzbekistan as a central hub for peer-to-peer and blockchain technology, igniting a revolution of innovation and economic growth. It also highlights Tether’s commitment to advancing its global strategy of building resilient cities and nations worldwide. The collaboration aims to explore and promote the development and adoption of blockchain technology, stablecoins, and digital asset tokenization in Uzbekistan but also stimulate economic growth and innovation in the…
The Power of HODLing: How Meme Tokens Achieve Incredible Gains In the world of cryptocurrency, meme tokens have emerged as a unique phenomenon, capturing the interest of investors and the attention of the broader market. One of the core principles driving the success of these tokens is the concept of HODLing—holding onto one’s assets rather than selling them at the first sign of profit. This strategy is particularly vital for the longevity and growth of projects in an often volatile landscape. The Rise of Billion-Dollar Meme Tokens Historically, some meme tokens have achieved astonishing market valuations, surpassing the billion-dollar mark.…
The crypto market remains optimistic amid anticipated regulatory clarity under the incoming Trump administration.Bitcoin shows potential to reach $100,000, contingent upon continued support from both retail and institutional investors.Ethereum’s strength as a smart contract leader solidifies its position in the market, with analysts eyeing potential resistance breakouts in the coming sessions.XRP’s favorable performance hinges on regulatory developments, with speculations surrounding its SEC case outcome fueling interest.Memecoins like Dogecoin and Shiba Inu exhibit resilience, capitalizing on the broader market’s bullish trend.The cryptocurrency market on Nov 13, 2024, reflects a mixed sentiment as major assets experience consolidation after recent gains. The market’s…