The post After Bitcoin and Ethereum, Will XRP Get an ETF? If Yes, Will XRP Price Hit $1? appeared first on Coinpedia Fintech News

Regardless of the market trend, the XRP price has maintained a decent ascending trend ever since the market bounced off the 2022 bear market. Trouble in Paradise began a couple of months ago when the token broke down the multi-year trend line, which had been acting as a strong support level. Since then, the Ripple price has been unable to break above its range-bound trade, which has made market participants repulsive. 

The current trade set-up of the XRP price, which is stuck around $0.5, is displaying that either the bulls are incapable of breaking above the consolidation or they are waiting for the right time as the lower support has been defending well. Now that the most popular and classical ones, Bitcoin & Ethereum, have an approved spot ETF, Ripple CEO Brad Garlinghouse predicts spot XRP ETFs by 2025. 

Now the question arises, will the XRP price continue to struggle under $1 until 2025? Or if the ETFs are approved, will it have a positive impact on the price?

The XRP price faced a severe backlash soon after the SEC slashed a lawsuit over Ripple. The price was influenced by the advancements of the lawsuit but it remained only for a short period. Although the price swiftly rose very close to $1 before marking the milestone, Berish activity incarnated. Now that the lawsuit is expected to fully end this summer, which may include some payment of fines, the possibility of a revival of a bullish trend may be expected. 

As mentioned above, the XRP price broke down the multiyear decisive symmetrical triangle, a few weeks ago. The weekly 200-D MA has been acting as a strong resistance throughout the consolidation phase that has been held. Moreover, the DMI remains neutral while the ADX constantly forms lower highs and lows and reaches the lower threshold. Therefore, the technicals suggest a major change in market dynamics that may change very soon. 

Collectively, Ripple’s (XRP) price is flashing positive signals for the upcoming trend. However, it may consume more time and hence the token could remain consolidated below $0.75 until then. 

The post US Politicians Urge Biden to Intervene in Detention of Binance Executive in Nigeria appeared first on Coinpedia Fintech News

Several US Politicians have called on President Joe Biden to intervene in the detention of Figran Gambaryan, Binande’s head of financial crime compliance. Gambaryan has been held in Nigeria for over three months on money laundering and tax evasion charges. A letter submitted to President Biden on June 4 articulated the demand for his release.

US Politicians Demand Action for Wrongful Detention of Binance Executive  

The letter, signed by over 12 US politicians and shared on X by journalist Eleanor Terrett, asserts that Gambaryan, who is also a former federal agent, is being wrongfully detained. The politicians have urged the Special Presidential Envoy for Hostage Affairs to take immediate action. They accuse Nigerian authorities of using coercion tactics to extort Binance and express concerns about Gambaryan’s deteriorating health. 

Binance Executive’s Detention Under Inhuman Prison Condition      

Gambaryan travelled to Nigeria on February 26 at the invitation of the Nigerian government to address Binance’s compliance issues. However, he was detained and is now held in Kuje Prison, notorious for its harsh conditions. There are serious allegations regarding his treatment, including the violation of a court over directing his transfer to a private hospital for malaria treatment. The letter also notes that Gambaryan has been denied the right to freely communicate with his legal team, only being allowed to do so in the presence of Nigerian armed guards.

Another Binance Executive, the Co-Accused, Fled Nigeria

Nadeem Anjarwalla, another Binance executive facing similar change, fled Nigeria in March. Nigerian authorities have labelled the case a matter of national security, demanding the delisting of the naira currency from Binance’s platform and detailed information on all Nigerian users. 

Binance’s Bribery Allegations Against Nigeria 

Lately, Binance CEO Richard Teng accused unidentified Nigerian officials of demanding a$150 million cryptocurrency bribe to halt the investigations, a claim denied by Nigerian authorities. The Nigerian Information Ministry spokesperson, Rabiu Ibrahim, stated that these claims lack substance and accused Binance of trying to undermine legal proceedings.

Nigeria’s Crypto Investment Landscape 

Despite these challenges, Nigeria remains a modestly significant crypto investment location, with around $2.5 million raised from the country since last June. The ongoing detention of Gambaryan highlights the complex interplay between regulatory issues and the burgeoning crypto market in Nigeria.     

The appeal from US politicians to President Biden underscores the urgency and seriousness of Tigran Gambaryan’s detention in Nigeria. This case not only raises concerns about legal and human rights but also reflects the broader tensions between regulatory authorities and cryptocurrency platforms. Effective diplomatic intervention is essential to resolve the situation and ensure fair treatment for all parties involved.   

The post Altcoin Season Is On The Horizon As Analysts Predict Massive Breakout Ahead appeared first on Coinpedia Fintech News

Bitcoin’s recent climb above $71,000 has ignited excitement within the crypto community. After a prolonged period of sideways trading and is still far from reaching the ATH price, many in the crypto space see this trend as a precursor to an upcoming altcoin season with the potential for significant price increases. 

Renowned crypto analyst Michael van de Pop believes the altcoin market is gearing up for a massive breakout against Bitcoin (BTC).

Altcoin Market On The Horizon 

According to Michael van de Pop, Bitcoin’s recent climb suggests an optimistic outlook, with the potential for further gains on the horizon. If Bitcoin breaches the $70,000 mark, it could pave the way for a new all-time high, sparking excitement among crypto enthusiasts.

#Bitcoin continues the slow upwards grind.Broke through $70K and is very likely going for a new all-time high. In the meantime: #Altcoins showing more strength. pic.twitter.com/DeNYVOXv7f

— Michaël van de Poppe (@CryptoMichNL) June 5, 2024

This positive sentiment aligns with the resilience observed in the altcoin market, which has consistently tested the $315 billion mark despite Bitcoin’s volatility. This steadfast behavior amidst market swings may lay the groundwork for the forthcoming bull run.

Additionally, the strength shown by altcoins not only bolsters confidence in the broader crypto ecosystem but also signals a broader uptrend in the market.  However, it’s worth noting that despite the recent correction of most altcoins from their mid-March highs, Bitcoin continues to hover near its record peak of over $70,000.

Historical Patterns Foresee ALTSeason

Echoing a similar bullish stance crypto analyst Moustache has drawn attention to a compelling historical pattern, suggesting that altcoins may be on the verge of a significant breakout. 

Although Mustache points to a notable historical event in 2020 when altcoins broke out of the Gaussian Channel and subsequently retested it. During this period, buy signals emerged in both the super trend and the EMA 10 indicators, signaling sustained upward momentum for altcoins.

#Altcoins Friendly reminder:The last time Altcoins broke out of the Gaussian Channel and retested it was almost 4 years ago. Back then we also saw a buy signal in the supertrend as well as the EMA 10, which withstood the entire run.Altseason is very close imo. pic.twitter.com/ENxX3pk9hs

— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 (@el_crypto_prof) June 4, 2024

Based on the observed historical pattern and current market conditions, Moustache expresses optimism regarding the imminent arrival of an altcoin season. This sentiment is supported by technical indicators and past market behavior, suggesting a potential surge in altcoin prices soon.

Altcoin Dominance 

The total crypto market cap currently stands at 2.565 trillion, reflecting a 0.71% increase from the previous day. Altcoins hold a market cap of 293.173 billion. 

Notably, altcoin dominance has experienced a slight uptick, currently standing at 11.4%. This indicates a shift in investor interest from Bitcoin to altcoins, aiming to secure substantial profits.

The post Breaking Levels In Bitcoin Price Eyes $80,000 In June appeared first on Coinpedia Fintech News

With a bullish recovery rally starting in the Bitcoin prices, the broader market sentiments pump up. Amidst the bull run, the altcoins are aiming for a trend reversal, with some outperforming tokens reaching all-time high levels. 

As the market turns bullish, the BTC price surpassing the $70,000 mark overnight reveals massive demand. Further, the 27% surge in the trading volume bolsters the positive move and signals an uptrend continuation. 

As the Bitcoin price surpasses the $70K level, the buyers are staying optimistic but cautious against a bull trap like the previous failed rally. Is the price jump a short-term rally, or will the BTC price reach the $80K mark?  

Let’s examine our detailed price analysis for a clearer view of the BTC price trend. You can also check out our Bitcoin price prediction to determine the chances of Bitcoin hitting the $100,000 milestone this year.

Bitcoin Price Performance

With a short-term rounding bottom reversal, the BTC price shows a post-retest rally gaining momentum. The Bitcoin price takes off from the broken resistance trendline of a flag pattern to surpass $70,000 with a morning star pattern. 

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With a streak of three bullish candles, the Bitcoin price is up by 5.67% in the last four days, challenging the $71,500 peak. Furthermore, the bullish recovery surpasses the trend-based 50% Fibonacci level with a boom in trading volumes. 

Currently, the BTC price trades at $71,262 with an intraday rise of 0.96%. This reflects a bullish trend continuation and heads for a new all-time high level. 

Bitcoin ETFs Slowdown Drys BTC Uptrend

On June 5th, Bitcoin spot ETFs saw a significant intraday net inflow of $886 million, marking 16th consecutive positive day. Further, it marks the second biggest total net daily inflow since the billion-dollar inflow on 12th March.  

Sosovalue

Derivatives Maintain Bullish Outlook 

The funding rate for Bitcoin stands at 0.02129407, revealing a solid bullish sentiment with long-side traders dominating and willing to pay premiums to shorts. Furthermore, Bitcoin’s open interest has jumped by 15.76% over the last seven days to reach $19.4 billion. Thus, the uptrend in open interest supports the ongoing bullish price movement in the derivatives market.

Conclusion

As the bullish momentum increases to fuel the uptrend in Bitcoin prices, the sideline players anticipate the bull run to surpass $73,800. This will result in a new all-time high level and fuel the bullish trend to potentially reach the $77,842 mark in the coming weeks. Optimistically, the uptrend could reach the $80,000 milestone by the end of this month. 

The post Stablecoin Performance and Analysis May Update: An In-depth Monthly Report  appeared first on Coinpedia Fintech News

Welcome to the monthly Stablecoin Report, where we delve into the dynamic landscape of stablecoins within the broader crypto market. Our analysis will provide a comprehensive examination of the stablecoin sector, leveraging the most reliable data from authoritative sources. Join us as we explore the intricate dynamics, trends, and developments shaping the world of stablecoins in this month’s report.  

1. Top Stablecoins: A Simple Analysis  

To do a simple analysis aimed to find the top stablecoins of the market in this month, generally we consider three parameters: market capitalisation, market dominance and trading volume.

1.1. Top Stablecoins by Market Capitalisation 

Market capitalisation in stablecoins reflects their total value in circulation. A stablecoin with a high market cap indicates wide adoption, trust and significant usage in transactions and investments. 

Tether, USDC, Dai, Ethena USDe, First Digital USD, USDD and Frax are the top seven Stablecoins by Market Capitalisation. 

Stablecoins  Market Capitalisation  Tether  $111,715,427,768 USDC $32,157,629,415 Dai $5,311,637,590 Ethena USDe $2,951,205,660 First Digital USD $2,908,728,703 USDD $730,640,246 Frax $647,306,953

Among the top seven stablecoins, Tether has the highest market capitalisation of $111,715,427,768. USDC follows with $32,157,629,415 market capitalisation. Dai and Ethena USDe record $5,311,637,590 and $2,951,205,660, respectively. Frax registers the lowest market capitalisation of $647,306,953. USDD is the second lowest and First Digital USD is the third lowest.       

1.2. Top Stablecoins by Market Dominance 

Market dominance in Stablecoins indicates the share of a stablecoin’s market cap relative to the total market. High dominance means it is the leading stablecoin, widely trusted and extensively used. 

Tether, USDC, Dai, Ethena USDe, First Digital USD, USDD and Frax are the top seven Stablecoins by Market Dominance. 

Stablecoins  Market Dominance [in %]  Tether  71.45% USDC 20.53% Dai 3.40% Ethena USDe 1.88% First Digital USD 1.86% USDD 0.47% Frax 0.41%

Among the seven top stablecoins, Tether registers a massive dominance of 71.45%. USDC follows with 20.53%. Dai is the third largest in terms of dominance, with 3.40% market dominance. Others enjoy less than 5% share in the market.  

1.3. Top Stablecoins by Trading Volume 

Trading volume in Stablecoins indicates the total value of transactions over a period. High trading volume means the stablecoin is actively traded, suggesting high liquidity and demand. 

The top three Stablecoins by Trading Volume are Tether, USDC and First Digital USD. Interestingly, though First Digital USD is the first largest in terms of market capitalisation and market dominance, it is the third largest in terms of Trading Volume. 

Stablecoins  Trading Volume  Tether  $40,940,344,137 USDC $6,495,631,952 Dai $306,357,786 Ethena USDe $107,556,064 First Digital USD $6,068,644,021 USDD $3,928,522 Frax $31,830,113

Tether has a trading volume of $40,940,344,137, and USDC has a trading volume of $6,495,631,952. First Digital USD records $6,068,644,021 trading volume. Among the top seven stablecoins by dominance and market cap, USDD has the lowest trading volume of $3,928,522.    

2. Stablecoin Price Analysis: An In-Depth Overview 

Let’s do an in-depth analysis focusing on the seven stablecoins by dominance and market cap.

2.1. Stablecoin One Month Change 

Stablecoins  One Month Change (in %)  Tether  +1.09% USDC -2.33% Dai +0.68% Ethena USDe +26.36% First Digital USD -35.22% USDD +3.52% Frax +0.47%

Among the top seven stablecoins, Ethena USDe has the highest one month positive change of +26.36%. USDD follows with +3.52%. Conversely, First Digital USD marks the highest one month negative change of -35.22%. USDC follows with a -2.33% one-month change. Others show moderate changes.  

2.2. Stablecoin One Month % Off Peg

The One Month % Off Peg indicator indicates the percentage deviation from their target value (usually $1) over the past month, reflecting stability or instability in maintaining their intended value. Negative off peg value means the stablecoin is below its target value, and positive off peg value means it is above; negative off peg implies undervaluation, which is generally more manageable than overvaluation.   

Stablecoins  1M % Off Peg Tether  -0.15% USDC -0.15% Dai -0.54% Ethena USDe -0.59% First Digital USD -0.56% USDD -2.88% Frax -1.42%

A smaller off peg value is better as it indicates the stablecoin is maintaining its target value more accurately and consistently. 

Among the top stablecoins, Tether and USDC record a very small off peg value of -0.15%. Ethena USDe, First Digital USD and Dai register -0.59%, -0.56%, and -0.54%, respectively. USDD has the worst off peg value of -2.88%, and Frax the second worst value of -1.42%. Notably, none of them have a positive off peg value.  

3. Stablecoin Transaction Share by Blockchain: A Detailed Overview 

Stablecoin Transaction Share by Blockchains explains the proportion of stablecoin transactions conducted through a specific blockchain out of the total stablecoin transactions across all blockchains.  

Blockchains Stablecoins Transaction Share Dominant Stablecoin in Chain  Ethereum  49.89% Tether (55.74%) Tron  35.52% Tether (98.35%) BSC 3.21% Tether (77.40% Arbitrum  2.45% Tether (60.76%) Base 1.97% USDC (95.43%) Solana  1.9% USDC (72.02%) Avalanche  1.19% Tether (55.57%) Others  3.87%

Ethereum has the highest stablecoins transaction share of 49.89%. Tron closely follows with 35.52% stablecoins transaction share. BSC and Arbitrum mark 3.21% and 2.45%, respectively. Base and Solana record 1.97% and 1.9%, respectively, and Avalanche registers 3.87%. 

3.1. USDT Transaction Share Across Blockchains 

This represents the percentage of USDT transactions happening on a particular blockchain compared to all USDT transactions across different blockchains. 

Blockchains USDT Transaction Share (%)  1 Month Change  Tron 50.2% +1.75% Ethereum  39.96% -0.25% BSC 3.57% 0% Arbitrum  2.14% +5.80% Avalanche  0.95% -14.12% Others 3.18%

Tron has the highest USDT translation share of 50.2%. Ethereum closely follows with 39.96%. BSC, Arbitrum and Avalanche show 3.57%, 2.14% and 0.95% USD Transaction Share, respectively. 

Among these chains, Arbitrum shows the highest positive change of +5.80%, and Avalanche displays the highest negative change of -14.12%. 

3.2. USD Coin Transaction Share across Blockchains 

This represents the percentage of USD Coin transactions happening on a particular blockchain compared to all USD Coin transactions across different blockchains. 

Blockchains USD Coin Transaction Share (%)  1 Month Change  Ethereum  68.53% -7.38% Base 9.47% +23.42% Solana  6.92% -9.15% Arbitrum  4.44% +33.40% Avalanche  2.28% +38.81% Others  8.36%

Ethereum has the highest USD Coin Transaction Share of 68.53%. Base and Solana follow with 9.47% and 6.92%. Arbitrum shows 4.44% USD Coin Transaction Share and Avalanche 2.28%. 

Among these chains, with +38.81, Avalanche records the highest one-month change. Arbitrum and Base follow with +33.40% and +23.42%, respectively. Conversely, Solana registers the highest negative change of -9.15%. Ethereum follows with -7.38% change. 

3.3. Dai Transaction Share Across Blockchains 

This represents the percentage of Dai transactions happening on a particular blockchain compared to all Dai transactions across different blockchains. 

Blockchains Dai Transaction Share  1 Month Change  Ethereum  90.78% +1.00% Polygon  3.47% -1.73% Gnosis  1.7% +2.69% Arbitrum  0.89% -7.87% Fantom 0.67% 0% Others  2.49%

Ethereum has the highest Dai Transaction Share of 90.78%. Polygon follows with 3.47%. Gnosis, Arbitrum and Fantom mark 1.7%, 0.89% and 0.67%, respectively.

Among the chains, Gnosis records the highest one month change of +2.69%. Ethereum follows with +1% change. Conversely, Arbitrum registers the highest negative change of -7.87%. Polygon follows with -1.73% change.   

3.4. First Digital USD Transaction Share Across Blockchains 

This represents the percentage of First Digital USD transactions happening on a particular blockchain compared to all First Digital USD transactions across different blockchains. 

Blockchains First Digital USD Transaction Share 1 Month Change  Ethereum  94.57% -36.16% BSC 5.73% -22.93%

Ethereum displays the highest First Digital USD Transaction Share of 94.57%, which is massive in nature. BSC follows with a small share of 5.73%. 

Among the chains, Ethereum marks the highest one-month negative change of -36.16%. BSC follows with -22.93%.  

3.5. Ethena USDe Transaction Share Across Blockchains 

This represents the percentage of Ethena USDe transactions happening on a particular blockchain compared to all Ethena USDe transactions across different blockchains. 

Blockchains Ethena USDe Transaction Share 1 Month Change  Ethereum  100% +25.91%

Ethereum displays a fascinating Ethena USDe Transaction Share of 100%, and it records an impressive one month change of +25.91%.  

3.6. USDD Transaction Share Across Blockchains 

This represents the percentage of USDD transactions happening on a particular blockchain compared to all USDD transactions across different blockchains. 

Blockchains USDD Transaction Share 1 Month Change  Tron 99.22% +0.87% Ethereum  0.66% +3.94% BSC 0.09% +0.21% Bittorrent  0.03% -0.01%

Tron registers a massive USDD Transaction Share of 99.22%. Ethereum reports just 0.66% USDD Transaction Share. BSC and BitTorrent register as low as 0.09% and 0.03%, respectively. 

Among the chains, Ethereum displays the highest one-month change of +3.94%. Tron and BSC follow with +0.87% and +0.21%, respectively. Conversely, BitTorrent records a negative one-month change of -0.01%.   

3.7. Frax Transaction Share Across Blockchains   

This represents the percentage of FRAX transactions happening on a particular blockchain compared to all FRAX transactions across different blockchains. 

Blockchains Frax Transaction Share 1 Month Change  Ethereum  73.65% -6.67% Arbitrum  9.66% 0% Fraxtal 5.45% 0% Harmony  2.13% 0% BSC 1.71% 0% Moonriver 1.43% 0% Moonbeam 1.39% 0% Optimism  1.23% 0% Others  3.35%

Ethereum has the highest Frax Transaction Share of 73.65%. Arbitrum and Fraxtal follow with 9.66% and 5.45%, respectively. Harmony and BSC register 2.13% and 1.71%, and Moonriver and Moonbeam record 1.43% and 1.39%, respectively. Optimism displays a low share of 1.23%. 

Among the chains, Ethereum exhibits a negative one-month change of -6.67%. Others report no change. 

4. Stablecoins in Exchanges: A Simple Analysis 

Let’s examine the level of engagement of stablecoins on cryptocurrency exchanges, by focusing on the top three centralised and decentralised exchanges, exploring whether stablecoins feature prominently within the top three trading pairs on each platform.  

4.1. Stablecoins in Centralised Exchanges 

Binance, Coinbase Exchange and Bybit are the top three centralised exchanges on the basis of monthly visits, as they have attracted 75.3M, 46.3M, and 31M monthly visits, respectively. Let’s analyse these three centralised exchanges. 

4.1.1. Stablecoin Active Trading Pairs in Binance 

Binance Top Trading Pairs  Volume % BTC/FDUSD 19.98% BTC/USDT 9.17% ETH/FDUSD 7.87%

BTC/FDUD is the most active trading pair in the Binance crypto exchange, with 19.98 volume per cent. BTC/USDT and ETH/FDUSD follow with 9.17% and 7.87%, respectively.  

4.1.2. Stablecoin Active Trading Pairs in Coinbase Exchange 

Coinbase Top Trading Pairs  Volume % BTC/USD 28.59% ETH/USD 17.61% USDT/USD 7.23%

Though in the Coinbase crypto exchange the first two pairs are non-stablecoin pairs, its third most active pair is USDT/USD, which marks 7.23 volume per cent.  

4.1.3. Stablecoin Active Trading Pairs in Bybit

Bybit Top Trading Pairs  Volume % BTC/USDT 26.74% ETH/USDT 11.08% BTC/USDC 7.92%

In the Bybit cryptocurrency exchange, BTC/USDT is the most active trading pair, with 26.74 volume per cent. ETH/USDT and BTC/USDC follow with 11.08% and 7.92%, respectively. 

4.2. Stablecoins in Decentralised Exchanges 

Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum One), and Uniswap V2 (Ethereum) are the three top decentralised exchanges, on the basis of monthly visits, as all the three have attracted more than 13,131,375 monthly visits, respectively. Let’s analyse these three decentralised exchanges. 

4.2.1. Stablecoin Active Trading Pairs in Uniswap V3 (Ethereum)

Uniswap V3 (Ethereum) Top Trading Pairs  Volume (%) WETH/USDC 60.0% WETH/USDT 7.74% USDC/USDT 3.43%

In the Uniswap V3 (Ethereum) decentralised crypto exchange, WETH/USDC is the most active trading pair, with 60.0 volume per cent. WETH/USDT and USDC/USDT follow with 7.74% and 3.43%, respectively. 

4.2.2. Stablecoin Active Trading Pairs in Uniswap V3 (Arbitrum One)

Uniswap V3 (Arbitrum One) Top Trading Pairs  Volume % USDC/WETH 39.27% WETH/USDT 15.24% WBTC/WETH 10.22%

In the Uniswap V3 (Arbitrum One) decentralised crypto exchange, USDC/WETH is the most active trading pair, with 39.27 volume per cent. WETH/USDT and WBTC/WETH follow with 15.54% and 10.22%, respectively. 

4.2.3. Stablecoin Active Trading Pairs in Uniswap V2 (Ethereum)

Uniswap V2 (Ethereum) Top Trading Pairs  Volume % PEPE/WETH 6.25% MAGA/WETH 5.76% JENNER/WETH 5.58%

In the Uniswap V2 (Ethereum) decentralised crypto exchange, PEPE/WETH is the most active trading pair, with 6.25 volume per cent. MAGA/WETH, with 5.76 volume per cent, is the second most active, and JENNER/WETH, with 5.58 volume per cent, is the third most active trading pair in the exchange.  

Endnote 

The in-depth analysis report covers every development that a stablecoin enthusiast should know about the stablecoin market. The data collected from the most trustworthy source ensures the quality of the report. The report clearly indicates that the stablecoin market has been consistently growing and some of the top players have performed really well. And, the report also gives hints about some unexpected trends. 

The post Bitcoin Price Could Hit $100,000 in Next Six Months; It Could Trigger a Wave of Selling appeared first on Coinpedia Fintech News

Chris Vermeulen, Chief Market Strategist of The Technical Traders.com, recently opened up about Bitcoin price and trends in a conversation with David Lin. Chris expressed his belief that Bitcoin is poised to climb higher despite Bitcoin’s inability to break beyond the $70k levels. 

Chris explained that Bitcoin has formed a basing formation, suggesting a critical level on the chart. This formation resembles a cup and handle pattern, considered one of the strongest, particularly when built in a basing formation. Breaking out of this level, Bitcoin’s price is now surging higher. 

There are several interesting levels to consider, with the Fibonacci extension being one of the most accurate methods to forecast price momentum. Applying the Fibonacci extension to the chart pattern provides upside targets for Bitcoin’s price movement.

Following a pullback and subsequent rally, the next stop in this rally indicates a target of around $80,000, with a potential further upside to $90,000. Chris believes Bitcoin can go even higher, depending on historical trends.

He said, “If we apply Fibonacci extension, which is the start of this breakout rally and down to the pullback we saw just a month ago, this projects for where Bitcoin could go, which is dramatically higher. This brings us up to about $87,000 and $106,000.”

Using the monthly chart and Fibonacci analysis, Chris took a broader perspective and pointed out potential targets for Bitcoin’s upward trajectory. While he admitted he wasn’t a Bitcoin expert, he noted that Bitcoin and gold are perceived as an alternative currency.

Both assets are experiencing upward movement, potentially due to concerns about the dollar and stock market stability. Chris speculated that this trend suggests a looming crisis prompting investors to seek refuge in alternative assets like Bitcoin and gold.

“There’s a lot going here. Now, there will be some resistance area at $100,000. Typically, on whole numbers like $100,000, there’s going to be sellers lurking up there,” he added.

If Bitcoin rallies to the above-mentioned point, it could trigger a wave of selling, potentially leading to a pullback or consolidation for several months. However, Chris believes that hitting $100,000 is the next milestone for Bitcoin, possibly occurring over the next four to six months based on the current chart pattern.

The post Ethereum Spot ETFs Set to Attract $4 Billion in Initial Inflows: K33 Research appeared first on Coinpedia Fintech News

According to K33 Research, Ethereum spot ETFs are expected to attract a substantial inflow of $4 billion in their initial stage, particularly within the first five months after their launch. This prediction is based on Ethereum’s significant market presence comparable to Bitcoin’s institutional dominance. Currently, ETH holds global assets under management (AUM) share of 28%, compared to BTC.

Similarly, the open interest of the Chicago Mercantile Exchange (CME) is projected to be 23% of Bitcoin’s, highlighting the importance of the institutional base. These metrics suggest that Ethereum is likely to replicate the success of Bitcoin spot ETFs, which have seen an inflow of $13.9 billion since January.

Institutional Dominance and Market Share

Building on Ethereum’s success, institutional funds’ role in the crypto market becomes increasingly evident. Institutional investors manage around 3.3% of ETH’s circulating supply. Based on these figures, K33 Research predicts that Ethereum ETF flows in the initial five months will range between $3.1 billion and $4.8 billion. This would amount to 750,000 to 1 million ETH, representing approximately 0.65% to 0.85% of Ethereum’s circulating supply.

This inflow prediction starkly contrasts the debut of Ethereum futures ETFs, which launched under less favorable market conditions and experienced a modest reception.

A Milestone for Mainstream Crypto Adoption

The approval from the US Securities and Exchange Commission (SEC) further emphasizes the potential for significant inflows into Ethereum ETFs, marking a crucial moment in the crypto industry. As the second-largest digital asset, Ethereum’s strong market presence is bolstered by the ETF structure, providing investors with a more accessible and regulated investment medium.

The SEC’s regulatory oversight also helps reduce investor skepticism, making Ethereum ETFs a compelling option for a broader range of investors. This enhanced market confidence paves the way for mainstream adoption of cryptocurrencies, explaining the rationale behind the predicted $4 billion inflow into spot Ethereum ETFs following their launch.

Implications for Market Stability and Growth

The anticipated inflow into Ethereum ETFs has significant market stability and growth implications. First, institutional investors are committed to considerable capital and long-term investment strategies, which are crucial during the asset class’s maturation. Second, technological advancements such as roll-up technology and Ethereum Improvement Proposal (EIP) 4844 contribute to ETH’s scalability and network strength.

The optimism surrounding Ethereum’s potential reflects the high inflows witnessed by Bitcoin ETFs, which attracted $58 billion within five months post-launch. If spot Ether ETFs follow a similar trajectory, they could lead to new all-time highs in Ethereum prices, as institutions are likely to diversify their Bitcoin holdings into Ethereum, further stabilizing and growing the market.

The post Top MEME Coins BONK, SHIB, FLOKI To Surge 2x This Week appeared first on Coinpedia Fintech News

With the bull run taking shape in the crypto market, the meme coins are spearheading the massive jumps. The BONK, SHIB, and FLOKI coins perform overnight jumps and sustain the momentum today. 

With FLOKI trading at all-time high levels, the upside potential in SHIB and BONK attracts additional demand. Further, the bullish price action with the support of rising volumes teases an uptrend continuation in these dog-themed community driven coins. 

Will the rally in these coins continue to gain momentum for a 100% surge this week as the broader market conditions improve? Is it the best time to buy meme coins? Let’s have a closer look at the BONK, SHIB, and FLOKI price charts to answer these questions. 

Solana’s Meme Coin Eyes 85% Bull Run

With a bullish support trendline at play, the BONK price trend shows a positive journey in the meme coin. Currently, the rising price challenges the 50% Fibonacci level of $0.00003422. 

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Furthermore, the BONK price trend shows a positive cycle starting from the support trendline, ready to surpass the overhead supply zone. Furthermore, technical indicators like MACD and RSI signal an uptick in bullish momentum. 

Currently, the meme coin trades at $0.0000349 with an intraday rise of 5.28% for a breakout attempt. If the bullish momentum sustains, the uptrend could hit the $0.000063 mark. 

Shiba Inu’s Morning Star Eyes 40% Hike

Following the bullish breakout of the triangle pattern, the SHIB price trend sustains an upside movement. Taking support from the long-coming ascending trendline, the meme coin takes a leap with 4.27% intraday hike. 

Tradingview

With the intraday growth, the SHIB price action forms a morning star pattern and increases the uptrend chances. As the breakout rally finally gains momentum, the upside potential in the meme coin is HUGE. 

If the bullish momentum sustains, Shiba Inu’s market price could reach the $0.00003584 this week, a 40% surge. 

FLOKI At ATH Eyes 2X Surge

With a streak of three bullish candles, the FLOKI price trend breaks above the $0.00030 milestone. Further, the meme coin shows a bullish breakout of a rounding bottom pattern in the daily chart. 

Tradingview

Furthermore, the RSI and MACD indicators bolster the bullish trend in motion with a surge into the overbought zone or a positive alignment. Currently, the meme coin trades at $0.0003386 with an intraday gain of 14.79%. 

As per the trend-based Fibonacci levels, the FLOKI price trend shows a bullish trend ready to challenge the 78.60% level. A breakout rally could hit the $0.00058 mark this week. 

The post Notcoin Makes History With Exponential Rally, ETH Whales Bet on Algotech (ALGT) as Next Moonshot appeared first on Coinpedia Fintech News

The cryptocurrency market is buzzing as Notcoin makes history with an exponential rally, capturing the attention of investors and analysts. Ethereum whales are now eyeing Algotech (ALGT) as the next big opportunity, attracted by its innovative solutions and potential for high returns.

Algotech’s unique technology and strategic partnerships have positioned it as a promising player in the market. 

In this article, we will explore Notcoin’s recent surge, the rise of Algotech, and what these developments mean for the future of cryptocurrency.

Notcoin makes history with Exponential rally: Future Potential and Market Impact  

Notcoin, a viral Telegram game token, has seen a notable price increase in the past 24 hours. Trading at $0.02586, it surged over 23%, according to CoinMarketCap. Notcoin‘s market cap now stands at approximately $2.66 billion, securing its #45 rank among cryptocurrencies.

Despite a 51.27% decrease in 24-hour trading volume, totalling around $2.11 billion, Notcoin’s trading volume remains 7th, surpassing Solana and Binance. The price has rallied from $0.005 to above $0.026, indicating strong bullish momentum and investor confidence.

Notcoin’s rapid popularity and Market impact

Notcoin surged over 190% in the past week, reaching an all-time high of $0.02644 on June 2. Integrated as a Telegram Mini App, Notcoin rapidly gained popularity, amassing over 30 million users on Telegram within two months. Since its launch, Notcoin’s price has increased by over 144%, making it the most trending altcoin.

Social media buzz has been a key driver behind Notcoin’s rally. Within two weeks of its launch, Notcoin became the second-most mentioned cryptocurrency on various platforms, highlighting the crypto community’s growing interest and adoption.

Ethereum surges amid shrinking supply and ETF speculation

Ethereum recorded a blistering 4% surge over the weekend, reaching a daily peak of $3,839 on June 3, putting bears at increased liquidation risk amid a shrinking ETH supply.

Following a 30% price upswing driven by Ethereum ETF approvals, many ETH holders entered a profit-taking frenzy in late May, reducing monthly gains to 24%. However, as the sell-the-news wave subsides, ETH markets have begun to attract buying momentum in June.

Within the first three days of June, ETH price increased by 3.7%, potentially setting the pace for the rest of the month. While the official launch of the Ethereum ETFs remains uncertain, Ethereum continues to seek the next demand surge. On-chain data indicates a shrinking supply of ETH across exchanges, putting bulls back in control.

Notcoin’s rally and Ethereum whales’ bet on Algotech

Notcoin has made history with its exponential rally, and now Ethereum whales are turning their attention to Algotech (ALGT) as the next big opportunity. Algotech is poised to revolutionize market strategies with its innovative platform, harnessing the power of artificial intelligence (AI) to empower investors.

Imagine having access to advanced tools that can analyze market data, create automated trading strategies, and provide real-time insights. Algotech turns this vision into reality, making it one of the standout ICOs in the current market. It’s not just about automation; it’s about delivering a customized experience that aligns the investment objectives of most cryptocurrency holders in one way or the other.

As the Algotech (ALGT) presale enters its final bonus phase, investors have the chance to acquire ALGT tokens at the attractive price of $0.08 before they hit the mainstream market at a projected $0.15, offering an anticipated gain of 87.50%.

For more details about Algotech:

Visit Algotech Presale

Join The Algotech Community

The post Pundit Predicts ETH Surge To $4500 Before ETH ETF Trading: Which Other Cryptos Offer Same Returns? appeared first on Coinpedia Fintech News

Amid the market excitement attributed to spot Ethereum ETFs, Arthur Cheong, DeFiance Capital CEO and founder, has made a bold Ethereum price prediction, suggesting it could soar to $4,500 before the ETF products hit the market. This forecast comes after the regulatory watchdog, the US SEC, approved Ethereum-based spot ETFs.

Remarkably, the green light triggered renewed market optimism, with several cryptocurrencies adding substantial gains in their value. Many investors closely monitor market trends, looking for the best cryptocurrencies to offer great returns in the current market dynamics. This article will explore the best cryptocurrencies to buy now for 100x returns.

KangaMoon Hit 400% ROI in Price Value—$1 In Sight?

The first crypto on this list is KangaMoon. The meme coin has been making waves on the market with its robust presale performance drawing investor attention. It has carved out a unique niche, blending the gameFi’s play-to-earn concept with SocialFi elements, defying expectations, and reaching new milestones.

Essentially, KangaMoon introduces an ecosystem dubbed the “Kangaverse,” where users interact with other like-minded individuals, partake in fun-filled battle-themed challenges and tournaments, and win rewards. Its native token, KANG, would offer utility on the blockchain by acting as a reward incentive and in-game currency.

Remarkably, KangaMoon has been listed on CoinMarketCap and CoinGecko, with a potential BitMart listing in Q2. It is strategically set to access the NFT Gaming play-to-earn industry that is expected to generate $8856.95 million by 2028. With the current market dynamics, experts see more rallies for the meme coin.

Impressively, its presale has already raised over $7.5 million in revenue and now targets the $9 million mark. Moreover, its price has risen from $0.005 to $0.025, recording a 400% ROI. Experts hint at continuous bullish momentum for the meme coin, suggesting it could hit $1 by the end of the year. Thus, KangaMoon is among the best cryptos to invest in 2024.

Whale Activity on Toncoin Blockchain—Will TON Price Rally?

Toncoin is another crypto to watch in 2024. The decentralized layer-1 blockchain has witnessed robust market performance and heightened network development, which have triggered an increase in the price of Toncoin. Remarkably, the prolonged price surge has also propelled its market capitalization, pushing it into eleventh position.

Recently, the Toncoin network has seen a notable increase in high-value transactions. According to CryptoQuant, Toncoin has experienced transactions exceeding $1 million, reflecting growing whale interest. With this view, the Toncoin blockchain has quickly become robust, recording high-value transfer capacity and increased participation from large investors.

Many experts are bullish about Toncoin, suggesting that the crypto will maintain its upward trajectory in the coming weeks. Thus, Toncoin crypto has cemented its position among the best cryptos to buy now.

Chainlink Returns to Upside—Will it Maintain This Bullish Momentum?

After facing a price correction, Chainlink has rebounded, climbing above its key moving averages. The recent bullish moment is attributed to network development and overall bull market trends. Recently, Chainlink announced that it has partnered with Swift Payment to execute a Consensus Conference in Austin, TX.

More than 15,000 people from various countries will attend the consensus conference. Remarkably, the Chainlink community has reacted positively to the upcoming event, triggering increases in the value of the LINK coin. Moreover, the altcoin has completed 12 updates for six Chainlink services on nine blockchains.

Impressively, the bullish Chainlink news has triggered substantial gains in the altcoin’s value, with analysts hinting at more parabolic bull runs for the coin. Its technical indicators also signal buying pressures, indicating that the LINK is gearing up for more price surges. Thus, Chainlink is among the best coins to buy now.

Uniswap’s L2 Volume Doubles—UNI Price Remains Steady

Over the last few weeks, the decentralized trading protocol has been making significant market performance and network development milestones. This remarkable market performance has increased its visibility in the broader crypto market, with heightened open interest from investors.

Recently, Uniswap announced that its monthly L2 volume has doubled from $8.93 billion to $20.72 billion. The bullish news has sparked conversation and speculation regarding the price of UNI’s prospects. Although the price of Uniswap has been on a downturn, it displays a bullish reversal.

Moreover, the price of Uniswap is gearing up to challenge the overhead resistance level. Its bullish engulfing candlestick has also heightened the chances of the DeFi token increasing its value. Therefore, Chainlink presents an opportunity for investors to buy the dip and gain massively in the coming weeks, cementing its position as the best crypto to buy now.

Arbitrum Price Eyes the $2 Mark

Arbitrum entered the crypto market intending to improve cost efficiency, scalability, and speed on Ethereum. The Ethereum Layer 2 scaling solution has experienced robust market performance, evolutionary partnerships, and network development. It has triggered open interest in the broader market, reflecting investor confidence in crypto.

Recently, Arbitrum announced its upcoming event—ArbiBrunch. The event will feature in-depth conversations surrounding the Dual-VM Approach of Arbitrum Stylus and EVM+. Moreover, the panel will discuss the integration of Blockchain and Mainstream Finance. Additionally, the Arbitrum coin has gained more than 10,000 new active users.

The bullish news has triggered renewed interest in the Arbitrum coin, but it has failed to increase its price. Its technical indicators, however, signal buying pressures, suggesting the Arbitrum coin could be gearing up for a price surge. Many analysts are optimistic about the price of Arbritum, suggesting it could reach $2. Thus, Arbitrum is among the best cryptos to buy now.

Conclusion

The broader crypto market offers a vast array of investment opportunities, with each cryptocurrency offering unique features that make them ideal for traders and crypto enthusiasts. However, choosing the best cryptos to buy now for 100x returns is challenging.

Crypto enthusiasts can use the above guide alongside extensive research to make the best crypto investment. With the current market dynamics, investors are rushing to buy lesser-established coins at lower prices with promising future returns. KangaMoon is emerging as the best crypto to diversify your portfolio due to its higher growth potential.

The post 52 Percent Americans Have Less Than $2,000 in Their Bank Accounts,’ Chris Vermeulen Opens up About Beginning of ‘Economic Downturn appeared first on Coinpedia Fintech News

Chris Vermeulen, Chief Market Strategist of The Technical Traders.com, recently spoke to David Lin. Chris commented that we seem to be entering a topping phase in the market. He explained that the market typically goes through four stages, and while he didn’t delve into all the details, he believed we were currently in this topping phase. He observed certain assets gaining momentum and shifting dynamics. 

Additionally, he noted that broader economic indicators, such as unemployment rates crossing above the 24-month moving average, have often preceded financial corrections or crises historically. 

Chris noted that rising unemployment typically signals tougher economic times ahead. He highlighted a concerning trend he had mentioned months ago: despite inflated prices and inflation, people are still spending, leading to potential financial strain. 

Many Americans have minimal savings, and the situation could worsen as more people run out of money due to unemployment. Many people live paycheck to paycheck, with statistics suggesting that 52% of Americans have less than $2,000 in their bank accounts at any time.

Chris also pointed out a shift in savings patterns. A surge during the COVID-19 pandemic is now giving way to a rise in credit card debt as people deplete their savings. He believes this could mark the beginning of a significant economic downturn.

“Maybe people are spending money; that’s why their savings rate is decreasing. You want consumption to pick back up, especially since nobody was spending money during the pandemic because they were locked down. Therefore, the economy didn’t do too well. The other way to look at it is you’re right; they don’t have money to spend; they must use their credit card. He said that ” delinquency rates on credit cards are rising; they’re now at the highest level since 2011,” he said.

The post Memecoins Regain Momentum: FLOKI Surges by More than 25%, While PEPE & DOGE Catch Up! appeared first on Coinpedia Fintech News

As the Bitcoin price gains some momentum, the memecoins have set up a fine ascending trend. While the popular ones are struggling to gain attention, FLOKI leads the rally with over a 25% jump, followed by BONK with more than 10%. SHIB and WIF are also showing some strength, while DOGE & PEPE record marginal gains. 

Now the question arises: can this move be considered the beginning of Memecoin Mania? 

The FLOKI price has been trading with a huge bullish influence as the token has kept a step ahead towards its ATH. With a slight rise in market strength, sentiments flipped from neutral to hopeful, which has ignited the rally. The token has accomplished a parabolic curve and the latest upswing has triggered a rise from the neckline. However, now that the price has soared without a retracement, the bulls are expected to face extreme exhaustion before marking a new milestone. 

Meanwhile, the broader picture suggests a diverse price action, wherein FLOKI is seen hitting new highs above $0.0004. 

The daily chart suggests the possibility of a retracement but after remaining elevated for a while,. Besides, the weekly chart hints towards the probable highs at $0.0004, which may trigger a pullback as suggested earlier. The reason behind the speculation is the formation of a cup and handle, which could be completed at these levels. This pattern is largely considered bullish and hence a breakout is largely expected, which is supported by StochRSI, which has just rebounded from the lower range. 

Collectively, FLOKI appears to have taken the lead among the memecoins, as the other popular ones are following the trend. Therefore, the price is expected to maintain a steep upswing and achieve the levels at 1.2 FIB which could attract bearish forces for a while. Nevertheless, after a minor consolidation, the FLOKI price may retain $0.00004 levels and continue to head towards new highs. 

The post US Regulatory Shift Could Open $20 Trillion Industry to Crypto: Bitwise appeared first on Coinpedia Fintech News

Bitwise CIO Matt Hougan has claimed that regulatory uncertainty has obstructed the $20 trillion financial advisory industry from investing more in cryptocurrencies. He mentioned that recent political shifts, such as Democrats advocating for the withdrawal of SAB 121 and the passage of FIT21 by the House, are indicators of increasing regulatory clarity. Moreover, this clarity could significantly boost crypto market growth. Although President Joe Biden has vetoed the withdrawal of SAB 121, Hougan remains hopeful for a positive outcome. He sees the SEC’s approval of spot Ether ETFs as a positive step. As the crypto community awaits regulatory changes, Hougan believes there is great potential for crypto adoption once these legal uncertainties are resolved.

The post Bitcoin ETF Shatters Records with $886M Inflow, BTC Price Skyrockets Ahead of Fed Meeting appeared first on Coinpedia Fintech News

Bitcoin is back in the limelight after the ETH ETF approval shifted everyone’s attention towards Ethereum. Now that bitcoin is moving towards its all-time high price, currently hovering at $71k signaling a bullish rally ahead. This remarkable return comes on the heels of a substantial $880 million inflow into Bitcoin ETFs, marking the best inflow since March.

The surge in inflow came just a week before the Fed meeting next week on June 12 and reflects the confidence within investors about the Fed rate cuts coming ahead this year.

Bitcoin ETF Inflows Reach $886 Million

Bitcoin spot ETFs are on the rise, with data from London-based investment firm Farside showing total net flows of $886 million on June 4th, marking fifteen days of consecutive inflows. This surge indicates renewed confidence among investors in the crypto market.

Bitcoin ETF Flow (US$ million) – 2024-06-04TOTAL NET FLOW: 886.6(Provisional data)IBIT: 274.4FBTC: 378.7BITB: 61ARKB: 138.7BTCO: 0EZBC: 0BRRR: 1.6HODL: 4BTCW: 0GBTC: 28.2DEFI: 0For all the data & disclaimers visit:https://t.co/4ISlrCgZdk

— Farside Investors (@FarsideUK) June 5, 2024

Leading the influx of Bitcoin investments is Fidelity (FBTC) with $378.7 million, followed by Blackrock’s iShares Bitcoin Trust (IBIT) with $274.4 million, and Ark Investment (ARKB) with $138.7 million. 

However, not all players are experiencing the same gain. Meanwhile, Grayscale’s GBTC fund has seen a sluggish performance, reporting a net inflow of $28.2 million, while the Invesco Galaxy Bitcoin ETF recorded a net inflow of $0.00. Despite these challenges, the overall trend of ETF flows indicates a growing demand in the market.

Growing Global Demand for Bitcoin ETFs

With the increasing popularity of Bitcoin ETFs globally, Australia and Thailand have recently introduced these investment options. This reflects a growing interest among both institutional and individual investors in accessing Bitcoin through traditional financial channels.

Fed To Cut Rates By November

The surge in Bitcoin ETF inflows comes ahead of the Federal Reserve meeting scheduled for June 12, where traders expect discussions around potential rate cuts. This expectation is fueled by recent data suggesting moderating U.S. inflation and a weaker job market, prompting speculation about the Fed’s future monetary policy decisions.

Recent market movements have sparked optimism among cryptocurrency investors. However, some Treasury yields recently saw their biggest two-day drops this year, making financial conditions easier and potentially benefiting speculative assets like cryptocurrencies.

Bitcoin Current Status

As of now, Bitcoin is currently attempting to recover its gains, with BTC hovering at $71,000, reflecting a 3% surge seen in the last 24 hours. Additionally, trading volume has seen a notable increase of 21.4%, with a market cap reaching $1.4 trillion.

The post Discover the Best Crypto Staking Platform for Your Investment appeared first on Coinpedia Fintech News

Enhance Your Cryptocurrency Investments with Best Crypto Staking Platform In 2024

Cryptocurrency staking has become an increasingly popular way for investors to earn passive income. By participating in staking, you can lock up your crypto assets to support the operations of a blockchain network and, in return, earn rewards. However, with numerous staking platforms available, choosing the best one for your investment can be challenging. This article will guide you through the top crypto staking platforms, their features, and how to get started.

What is Crypto Staking?

Crypto staking is the process of dedicating a quantity of cryptocurrency to a wallet to assist in the smooth running and protection of a blockchain. For this, the staker gets rewards which is often in the type of coins. It is similar to placing money in a savings account to gather interest but potentially with far better returns.

Best Crypto Staking Websites

Crypto Heap 

CryptoHeap offers a secure and reliable platform with advanced security measures and a robust infrastructure to protect investments. The platform guarantees returns, ensures rapid withdrawal processing, and provides a seamless, professional staking experience.

Key Features: 

Registration Bonus: Receive $100 upon registration to get started with the platform’s features.

Secure & Reliable: Utilizes advanced security measures and robust infrastructure to ensure the safety and stability of investments.

Fast Withdrawals: Allows users to access their funds within minutes. CryptoHeap provides a seamless and efficient experience.

Guaranteed Returns: Offers consistent and reliable profits through a variety of staking plans tailored to different investment goals.

Diverse Staking Plans: Provides multiple options to help users earn crypto rewards, allowing them to choose the best plan for their needs.

Referral Commissions: Enables users to earn commissions by recommending the platform to others, with partners having earned tens of millions in commissions. Referrals can generate income even without personal investment.

Binance Staking

Summary:

Binance is just one of the biggest cryptocurrency exchanges in the world and their staking platform is rock strong and has lots of supported coins.

Key Features:

Competitive Returns: Good staking returns on numerous cryptos.

Unlock Choice: Locked and unlock staking.

Easy Access: Really easy to navigate and get going.

 Kraken Staking

Summary:

Kraken is a very protected and reliable exchange with a basic staking service and numerous crypto properties to stake.

Key Features:

Secure Exchange: Extremely safe and also strong regulatory record.

Various Properties: Numerous prominent cryptocurrencies to stake.

Reward Frequently: Rewards are provided twice weekly.

Coinbase Staking

Summary:

Coinbase is an additional huge exchange that provides staking solutions and use top priority.

Key Features:

Simple Platform: Perfect for beginners.

Safety and security: Excellent safety and security systems.

Guides: Extensive guides to assist get you began.

Crypto.com Staking

Summary:

Crypto.com uses a full-blown staking program with excellent incentives and a large selection of supported properties.

Key Features:

Eye-catching APY: Excellent annual portion yields on staked properties.

Various Terms: A variety of staking terms to accommodate your approach.

Crypto Debit Card: Obtain extra advantages when staking CRO, the native token of Crypto.com.

 MyCointainer

Summary:

MyCointainer is a dedicated staking platform, meaning they only manage staking and absolutely nothing else. The interface is very easy to use and they have concentrated on providing you with the most effective return on your stake.

Key Features:

Large Variety of Properties: A really excellent selection of coins to stake.

Reduced Charges: Really competitive charges to ensure you get the most rewards.

Auto-Staking: Your assets will instantly be staked to conserve time and effort.

Choose a platform to start, you need to pick a staking platform that fits your demands. Consider what cryptos you want to stake, the incentives, charges and also user interface prior to you proceeding any further.

Develop an Account After you have actually selected a platform, you need to open up an account with them. This will normally include entering some individual details regarding you and after that confirming your identity.

The post Top MEME Coins BONK, SHIB, FLOKI To Surge 2x This Week appeared first on Coinpedia Fintech News

With the bull run taking shape in the crypto market, the meme coins are spearheading the massive jumps. The BONK, SHIB, and FLOKI coins perform overnight jumps and sustain the momentum today. 

With FLOKI trading at all-time high levels, the upside potential in SHIB and BONK attracts additional demand. Further, the bullish price action with the support of rising volumes teases an uptrend continuation in these dog-themed community driven coins. 

Will the rally in these coins continue to gain momentum for a 100% surge this week as the broader market conditions improve? Is it the best time to buy meme coins? Let’s have a closer look at the BONK, SHIB, and FLOKI price charts to answer these questions. 

Solana’s Meme Coin Eyes 85% Bull Run

With a bullish support trendline at play, the BONK price trend shows a positive journey in the meme coin. Currently, the rising price challenges the 50% Fibonacci level of $0.00003422. 

TradingView

Furthermore, the BONK price trend shows a positive cycle starting from the support trendline, ready to surpass the overhead supply zone. Furthermore, technical indicators like MACD and RSI signal an uptick in bullish momentum. 

Currently, the meme coin trades at $0.0000349 with an intraday rise of 5.28% for a breakout attempt. If the bullish momentum sustains, the uptrend could hit the $0.000063 mark. 

Shiba Inu’s Morning Star Eyes 40% Hike

Following the bullish breakout of the triangle pattern, the SHIB price trend sustains an upside movement. Taking support from the long-coming ascending trendline, the meme coin takes a leap with 4.27% intraday hike. 

Tradingview

With the intraday growth, the SHIB price action forms a morning star pattern and increases the uptrend chances. As the breakout rally finally gains momentum, the upside potential in the meme coin is HUGE. 

If the bullish momentum sustains, Shiba Inu’s market price could reach the $0.00003584 this week, a 40% surge. 

FLOKI At ATH Eyes 2X Surge

With a streak of three bullish candles, the FLOKI price trend breaks above the $0.00030 milestone. Further, the meme coin shows a bullish breakout of a rounding bottom pattern in the daily chart. 

Tradingview

Furthermore, the RSI and MACD indicators bolster the bullish trend in motion with a surge into the overbought zone or a positive alignment. Currently, the meme coin trades at $0.0003386 with an intraday gain of 14.79%. 

As per the trend-based Fibonacci levels, the FLOKI price trend shows a bullish trend ready to challenge the 78.60% level. A breakout rally could hit the $0.00058 mark this week. 

The post Blockchain Monthly Report For May 2024: All You To Need To Know To Stay Ahead appeared first on Coinpedia Fintech News

This Blockchain Monthly Report for May 2024 provides a comprehensive analysis of the top layer 1 and layer 2 blockchains and offers you a clear understanding of the entire blockchain market. We perform a general analysis and an in-depth analysis, in which we analyse the selected blockchains’ economic activity, user interest, development, scalability, latency, cost, and market performance. We ensure accurate data and insightful analysis using trusted sources and advanced methodologies.   

1. Blockchain General Analysis 

In the blockchain general analysis section, we evaluate blockchains using Total Value Locked (TVL) and Dominance indexes to identify the top five blockchains this month. To make the analysis clearer, we examine layer 1 and layer 2 chains separately. Additionally, we use the 30-day Change index to understand how the top five chains in both the layer 1 and layer 2 categories have changed over the last 30 days.  

1.1. Top Five Layer 1 Chains by TVL and Dominance 

Ethereum, BNB Smart Chain, Solana, Bitcoin, and Avalanche are the top five blockchains in the layer 1 blockchain segment on the basis of dominance and TVL. 

Layer 1 Blockchains  Dominance  TVL Ethereum  81.13% $67,117,291,559 BNB Smart Chain  6.81% $5,636,030,854 Solana  5.83% $4,820,977,767 Bitcoin  1.42% $1,175,529,567 Avalanche  1.22% $1,007,843,019

Among the top five layer 1 chains, Ethereum dominates with 81.13% dominance. BNB Smart Chain and Solana follow with 6.81% and 5.83%. Bitcoin shows 1.42% dominance, and Avalanche displays 1.22% dominance.  

1.1.1. Top Layer 1 Chains: 30-Day Change 

Layer 1 Blockchains  30-day Change  Ethereum  +23.3% BNB Smart Chain  +5.2% Solana  +28.1% Bitcoin  -2.6% Avalanche  +7.8%

Among these blockchain, only Bitcoin shows a negative 30-day change; it displays a change of -2.6%. Solana marks the highest 30-day change of +28.1%. Ethereum closely follows with +23.3% change. Avalanche and BNB Smart Chain showcases minimal positive changes of +7.8% and +5.2%, respectively.  

1.2. Top Five Layer 2 Chains by TVL and Dominance 

Arbitrum One, Blast, Base, Polygon POS and Optimism are the top five blockchains in the layer 2 segment, based on TVL and Dominance. 

Layer 2 Blockchains  Dominance  TVL Arbitrum One  29.50% $3,148,514,895 Blast 18.52% $1,976,079,698 Base 16.66% $1,778,022,834 Polygon POS 9.28% $990,739,279 Optimism 8.42% $898,103,584

Among the top five layer 2 chains, Arbitrum One leads with 29.50% dominance. Blast and Base closely follow with 18.52% and 16.66%, respectively. Polygon POS and Optimism exhibit 9.28% and 8.42%, respectively. 

1.2.1. Top Layer 2 Chains: 30-Day Change   

Layer 2 Blockchains  30-days Change  Arbitrum One  +18.9% Blast +37.5% Base +12.4% Polygon POS +8.4% Optimism +2.0%

All the chains in the top five layer 2 chains list show positive 30-day changes. Blast registers the highest positive 30-day change of +37.5%. Arbitrum One and Base follow with +18.9% and +12.4%. Polygon POS depicts a change of +8.4%. Optimism presents a minimal change of +2.0%.   

2. Best Blockchains This Month By 30-Day Change  

In this section, we focus only on the 30-day change indicator, without considering the TVL and Dominance indicators. Importantly, we do not separate layer 1 and layer 2 chains; instead, we consider all chains together. Our goal is to identify the best Performing blockchains based solely on their 30-day change. 

Blockchains  30-day Change  TVL Core +285.4% $23,999,916 Linea +125.6% $579,474,178 Scroll +63.9% $120,705,581 StarkNet +46.0% $309,199,498 Blast +37.5% $1,973,664,714 Polygon zkEVM +28.1% $13,137,952 Solana  +28.1% $4,807,347,354 Sui +26.3% $738,154,425 Ethereum  +23.3% $66,927,529,978 Arbitrum One  +18.9% $3,144,667,067

Core registers the highest 30-day change of +285.4%. Linea follows with +125.6%. Scroll, StarkNet, and Blast record +63.9%, +46.0% and +37.5% change, respectively. Polygon zkEVM, Solana, and Sui also register +28.1%, +28.1% and +26.3% change, respectively. 

Notably, Ethereum, the top layer 1 chain by dominance and TVL, is in the ninth position, with +23.3% change, and Arbitrum One, the top layer 2 chain by dominance and TVL, is in the tenth position, with +18.9% change. 

Among the top five layer 1 chains, only Ethereum and Solana find places in this list, and among the top five layer 2 chains, Arbitrum One and Blast have positions in the list.       

3. Blockchains In-Depth Analysis 

In this section, we conduct an in-depth analysis of the top five blockchains. We examine various aspects, including economic activity, user interest, development and innovation, scalability, latency, cost, and market performance. To provide more clarity, we analyse the top five-layer 1 and layer 2 chains separately.

3.1. Blockchain Economic Activity Analysis 

To perform the economic activity analysis, we mainly use four indices: revenue, fees, volume, and TVL. The revenue indicator shows the total blockchain earnings. The fee indicator reflects the cost users pay for transactions. The volume indicator, the second important indicator to analyse blockchain economic activity, represents the total amount of transactions. The TVL indicator, which is the primary indicator for analysing economic activity in blockchains, measures the total capital staked or locked in the blockchain.  

3.1.1. Top Layer 1 Chain Economic Activity Analysis 

Layer 1 Blockchains  Revenue  Fees Volume  TVL Ethereum  $6.27M $8.06M $2.215B $66.798B BNB Smart Chain  $39.67K $398.21K $545.23M $5.589B Solana  $935.09K  $1.87M  $1.129B $4.756B Bitcoin  N/A $1.56M $237.88K $1.167B Avalanche  $24.36K $24.36K $45.99M  $995.59M

Among the top five-layer 1 chains by TVL, Ethereum, which has the highest TVL of $66.798B, records the highest revenue of $6.27M. Solana, showing the third highest TVL of $4.756B after BNB Smart Chain’s $5.589B, follows with $935.09K. BNB Smart Chain only marks a revenue of $39.67K. Avalanche, the one with the fifth highest TVL among the top five, registers just $24.36K in revenue.

In terms of volume also, Ethereum dominates with $2.215B. Solana closely follows with $1.129B. BNB Smart Chain and Avalanche exhibit $545.23M and $45.99M volume, respectively. Bitcoin, with just $237.88K volume, is in the fifth position.

Let’s consider the fees index. Ethereum, with $8.06M, dominates in this parameter as well. Solana and Bitcoin follow with $1.87M and $1.56M fees, respectively. BNB Smart Chain has a fees of $398.21K, and Avalanche has $24.36K.       

3.1.2. Top Layer 2 Chains Economic Activity Analysis 

Layer 2 Blockchains  Revenue  Fees Volume  TVL Arbitrum One  $142.69K $146.64K $710.1M  $3.136B  Blast N/A N/A $27.71M  $1.965B Base $208.4K $209.34K $373.23M $1.768B Polygon POS $3.71K $27.19K $62.16M $984.56M Optimism $67.94K $68.91K $124.61M $891.48M

Among the top five layer 2 chains by TVL, in terms of revenue, Base, with the third highest TVL of $1.768B TVL, dominates with $208.4K. Arbitrum One, with the highest TVL of $3.136B, follows with $142.69K. Optimism marks a revenue of $67.94K, and Polygon POS records a minimal revenue of $3.71K. 

While considering volume, Arbitrum One has an impressive volume of $710.1M. Base also registers a high volume of $373.23M. Optimism reports $124.61M volume, and Polygon POS and Blast register $62.16M and $27.71M, respectively. 

When it comes to fees, Base has the highest fees of $209.34K, and Arbitrum One has a high fee of $146.64K. Optimism and Polygon POS follow with $68.91K and 27.19K fees, respectively.     

3.2. Blockchain User Interest Analysis

To analyse the user interest of the blockchains, we primarily use the net inflow index, which indicates the amount of new capital entering the blockchain. 

A blockchain with the top net inflow index shows high user interest, indicating many people are investing and bringing new capital into it. Positive values indicate increasing user interest and capital inflow, while negative values suggest decreasing interest and capital outflow. 

3.2.1. Top Layer 1 Chains User Interest Analysis 

Layer 1 Blockchains  Net Inflow  Ethereum  +$2.09M BNB Smart Chain  -$1.13M Solana  N/A Bitcoin  N/A Avalanche  +$7.71M

Avalanche has the highest positive net inflow of +$7.71M. Ethereum follows with +$2.09M. Conversely, BNB Smart Chain has a negative net inflow of -$1.13M.  

3.2.2. Top Layer 2 Chains User Interest Analysis 

Layer 2 Blockchains  Net Inflow  Arbitrum One  -$1.553B Blast -$0.42M Base -$3.39M Polygon POS +$3.94M Optimism -$7.94M

Among the top five layer 2 chains by TVL, only Polygon POS shows a positive net inflow; it records a net inflow of +3.94M. Arbitrum One registers the highest negative net inflow of -$1.553B. Optimism, Base and Blast follow with -$7.94M, -$3.39M, and -$0.42M net inflow, respectively.  

3.3. Blockchain Development and Innovation Analysis 

To do the blockchain development and innovation analysis, we mainly use two indices: commits and core developers. The commits indicator reflects the frequency and extent of code updates, improvements and innovations being made to the blockchains. The core developers indicator speaks about a blockchain’s capacity for sustained development. A higher number of core developers indicates a strong, active and diverse development team.  

3.3.1. Top Layer 1 Chains Development and Innovation Analysis 

Layer 1 Blockchains  Commits  Core Developers  Ethereum  12.92K 381 BNB Smart Chain  382 32 Solana  254 19 Bitcoin  N/A N/A Avalanche  2.21K 40

Among the top layer 1 chains, Ethereum shows the highest number of commits of 12.92K and the highest number of core developers of 381. Avalanche follows with 2.21K commits and 40 core developers. BNB Smart Chain records 382 commits and 32 core developers, and Solana reports 254 commits and 19 core developers.  

3.3.2. Top Layer 2 Chains Development and Innovation Analysis 

Layer 2 Blockchains  Commits  Core Developers  Arbitrum One  1.57K 43 Blast N/A N/A Base 313 22 Polygon POS 168 17 Optimism 2.97K 55

Among the top layer 2 chains, Optimism dominates with 2.97K commits and 55 core developers. Arbitrum One follows with 1.57K commits and 43 core developers. Base shows 313 commits and 22 core developers, and Polygon POS displays 168 commits and 17 core developers.  

3.4. Blockchain Scalability Analysis 

To perform the blockchain scalability analysis, we utilise three indices: Real-Time TPS, Max Recorded TPS and Max Theoretical TPS. Real-Time TPS shows how many transactions per second a blockchain is processing. This metric is calculated by taking different time intervals; here we consider the one month timeframe. Max Recorded TPS records the highest number of transactions per second achieved by a blockchain in its history. Max Theoretical TPS represents how many transactions the blockchain is theoretically capable of handling per second. 

3.4.1. Top Layer 1 Chains Scalability Analysis 

Layer 1 Blockchains  Real-Time TPS Max Recorded TPS Max Theoretical TPS Ethereum  13.45 tx/s 62.34 tx/s 119 tx/s BNB Smart Chain  39.94 tx/s 1,731 tx/s 2,222 tx/s Solana  860 tx/s 1,624 tx/s 65,000 tx/s Bitcoin  6.56 tx/s 12.36 tx/s 7 tx/s Avalanche  2.09 tx/s 92.74 tx/s 357 tx/s

Among the top layer 1 chains, Solana has the highest Real-Time TPS of 860 tx/s. BNB Smart Chain follows with 39.94 tx/s. Ethereum, Bitcoin, and Avalanche register just 13.45 tx/s, 6.56 tx/s and 2.09 tx/s, respectively. 

Meanwhile, BNB Smart Chain has the highest Max Recorded TPS of 1,731 tx/s. Solana follows with 1,624 tx/s. Avalanche and Ethereum mark impressive values of 92.74 tx/s and 62.34 tx/s, respectively. 

Interestingly, Solana has the highest Max Theoretical TPS of 65,000 tx/s. BNB Smart Chain has the second-highest value of 2,222 tx/s. Avalanche and Ethereum mark satisfactory values of 357 tx/s and 119 tx/s. Bitcoin shows a minimal value of 7 tx/s.   

3.4.2. Top Layer 2 Chains Scalability Analysis 

Layer 2 Blockchains  Real-Time TPS Max Recorded TPS Max Theoretical TPS Arbitrum One  22.99 tx/s 532 tx/s 40,000 tx/s Blast N/A N/A N/A Base 24.95 tx/s 293 tx/s 1,429 tx/s Polygon POS 46.39 tx/s 282 tx/s 649 tx/s Optimism 6.77 tx/s 33.47 tx/s 714 tx/s

Among the top five-layer 2 chains, Polygon POS has the highest Real-Time TPS of 46.39 tx/s. Base and Arbitrum One closely follow with 24.95 tx/s and 22.99 tx/s, respectively. Optimism records 6.77 tx/s Real-Time TPS. 

At the same time, Arbitrum One has the highest Max Recorded TPS of 532 tx/s. Base and Polygon POS follow with 293 tx/s and 282 tx/s, respectively. Optimism displays a minimum value of 33.47 tx/s. 

Notably, Arbitrum One has the highest maximum theoretical TPS of 40,000 tx/s. Base, Optimism and Polygon POS follow with 1,429 tx/s, 714 tx/s, and 649 tx/s, respectively.  

3.5. Blockchain Latency Analysis 

To perform the blockchain latency analysis, we majorly consider two indices: TTF and Block Time. TTF, or Time To Finality, is the duration of time it takes for a transaction to be considered completed in a blockchain network. Block Time is the average amount of time it takes for a new block to be added to a blockchain. 

3.5.1. Top Layer 1 Chains Latency Analysis 

Layer 1 Blockchains  TTF  Block Time  Ethereum  16 minutes 12.08 seconds  BNB Smart Chain  7.5s 3.01s Solana  12.8s 0.46s Bitcoin  1h  10m 6s Avalanche  0s 2.1s

Among the top layer 1 chains, Avalanche has the shortest TTF. BNB Smart Chain and Solana follow with 7.5 seconds and 12.8 seconds TTF, respectively. Bitcoin has the longest TTF of 1 hour, and Etheruem the second longest of 16 minutes. 

Meanwhile, Solana has the shortest Block Time of 0.46 seconds. Avalanche, BNB Smart Chain and Ethereum follow with 2.1s, 3.01s and 12.08s, respectively. Bitcoin has the longest Block Time of 10 minutes and six seconds.  

3.5.2. Top Layer 2 Chains Latency Analysis 

Layer 2 Blockchains  TTF  Block Time  Arbitrum One  16m 0.25s Blast N/A N/A Base 16m 2s Polygon POS 4m 16s 2.28s Optimism 16m 2s

Among the top five layer 2 blockchains, Polygon POS has the shortest TTF of 4 minutes and 16 seconds. Arbitrum One, Base, and Optimism show the same TTF of sixteen minutes. 

At the same time, Arbitrum One has the shortest Block Time of 0.25 seconds. Base and Optimism follow with the same Block Time of two seconds. Polygon POS records the highest Block Time of 2.28 seconds. 

3.6. Blockchain Cost Analysis 

To do the blockchain cost analysis, we can utilise the Gas Price index. Gas price is the amount of money that users are willing to pay per unit of “Gas.” Gas is a measure of computational effort required to perform a task or transaction on the blockchain. 

3.6.1. Top Layer 1 Chains Cost Analysis 

Layer 1 Blockchains  Gas Price (in Gwei) Gas Price (in USD) Ethereum  18.0 Gwei $1.44 BNB Smart Chain  1.1 Gwei $0.014 Solana  22 Gwei $0.000066 Bitcoin  N/A N/A Avalanche  25.0 Gwei $0.019

Among the top layer 1 chains, Solana has the lowest gas price of $0.000066. BNB Smart Chain and Avalanche follow with $0.014 and $0.019, respectively. Ethereum marks the highest gas price of $1.44.  

3.6.2. Top Layer 2 Chains Cost Analysis 

Layer 2 Blockchains  Gas Price (in Gwei) Gas Price (in USD) Arbitrum One  0.0 Gwei $0.00096 Blast 0.0 Gwei $0.0012 Base 0.0 Gwei $0.00095 Polygon POS 49.0 Gwei $0.00076 Optimism 0.1 Gwei $0.0050

Among the top five layer 2 chains, Polygon POS has the lowest gas price of $0.00076. Base and Arbitrum One follow with $0.00095 and $0.00096, respectively. Blast shows a comparatively high gas price of $0.0012. Optimism records the highest gas price of $0.0050.    

3.7. Blockchain Market Performance Analysis 

To perform the market performance analysis, we generally consider three indices: 30-day change, volume and revenue. The 30-day change index shows the recent performance trend of the blockchain. The volume index indicates the level of trading activity and liquidity. The revenue index reflects the financial health and profitability of the blockchain. 

A blockchain with top 30-day change, volume and revenue indicates strong recent performance, high trading activity, and robust financial health. 

3.7.1. Top Layer 1 Chains Market Performance Analysis 

Layer 1 Blockchains  30-day Change  Volume  Revenue  Ethereum  +23.3% $2.215B $6.27M BNB Smart Chain  +5.2% $545.23M $39.67K Solana  +28.1% $1.129B $935.09K  Bitcoin  -2.6% $237.88K N/A Avalanche  +7.8% $45.99M  $24.36K

Among the top five layer 1 blockchains, only one chain shows a negative 30-day change; Bitcoin marks a negative 30-day change of -2.6%. Solana and Ethereum register high changes of +28.1% and +23.3%, respectively. Avalanche and BNB Smart Chain display moderate change of +7.8% and +5.2%, respectively. 

Meanwhile, Ethereum has the highest volume of $2.215B. Solana follows with $1.129B. BNB Smart Chain and Avalanche showcase moderate values of $545.23M and $45.99M, respectively. Bitcoin records a moderate volume of $237.88K. 

Notably, Ethereum reports the highest revenue of $6.27M. Solana follows with $935.09K revenue. BNB Smart Chain and Avalanche display minimal values of $39.67K and $24.36K, respectively.   

3.7.2. Top Layer 2 Chains Market Performance Analysis 

Layer 2 Blockchains  30-days Change  Volume  Revenue  Arbitrum One  +18.9% $710.1M  $142.69K Blast +37.5% $27.71M  N/A Base +12.4% $373.23M $208.4K Polygon POS +8.4% $62.16M $3.71K Optimism +2.0% $124.61M $67.94K

Among the top five layer 2 chains, all of them show a positive 30-day change. Blast marks the highest 30-day change of +37.5%. Arbitrum One and Base follow with +18.9% and +12.4%, respectively. Polygon POS exhibits +8.4% change. Optimism showcases the smallest 30-day change of +2.0%. 

At the same time, Arbitrum One exhibits the highest volume of $710.1M. Base and Optimism follow with 373.23M and 124.61M, respectively. Polygon POS and Blast display $62.16M and $27.71M, respectively. 

Interestingly, Base has the highest revenue of $208.4K. Arbitrum One and Optimism follow with $142.69K and 67.94K, respectively. Polygon POS exhibits the lowest revenue of $3.71K.  

Endnote    

Thank you for reading our Blockchain Monthly Report for May 2024. We aim to offer a clear and thorough understanding of the blockchain landscape. By leveraging reliable sources and cutting-edge methodologies, we provide detailed insights. We hope this report aids your decision-making and deepens your knowledge of the blockchain sector.

The post Road To Crypto Wealth: Top Cryptos Under $5 To Invest In Now appeared first on Coinpedia Fintech News

As investors continue to seek the best crypto investment during their journey to crypto wealth, analysts have identified some of the top crypto coins that are under $5. These cryptos include Ripple, Dogecoin, and KangaMoon. Let us find out why these are the top crypto coins under $5 to invest in now.

KangaMoon Seems To Be The Best Crypto Investment Now

Analysts and investors have taken notice of KangaMoon (KANG) due to its outstanding performance during its ongoing presale. With over $7.6 million raised, the project is expected to hit $9 million in revenue before the end of June 2024. Furthermore, over 32,000 users have signed up for the KangaMoon project, and over 10,000 of them are holding KANG tokens.

Given that investors in KangaMoon during the initial presale stage have seen a 400% return on their capital, KANG is a worthwhile cryptocurrency to purchase. The gaming project that KangaMoon is working on will launch in the upcoming weeks, which is why there is so much interest in it. The project makes use of the Play-to-Earn gaming market, which is projected to bring in $88.6 billion by 2028.

Players will be able to participate in challenges and competitions in this project. The winners of these contests receive real money, NFTs, and free KANG tokens. In the future, the KangaMoon project intends to introduce an NFT marketplace and metaverse project where users can obtain NFTs. Furthermore, KANG will soon be listed, according to the BitMart announcement. 

It is anticipated that the token will keep becoming more and more well-liked on other tier 1 CEXs like OKX and Binance. There are plans for the KANG token to launch on the Uniswap exchange as well. Meanwhile, CoinGecko and CoinMarketCap have already included KangaMoon. The price of the KANG token, which is currently valued at $0.025 in the presale bonus stage, is expected to increase 100 times over the next few months after it is listed on Bitmart. 

Ripple Price Chart Analysis

A TradingView Ripple price chart analysis presents a dismal picture of the Ripple coin. There is volatility between October and June, with some significant peaks and troughs. On the other hand, the descending pattern on the chart indicates that the current trend is unquestionably bearish. This pessimistic outlook is further supported by the technical indicators. When the signal line (orange) is above the MACD line (blue), it usually indicates negative momentum. 

The bars of the histogram below the zero line further support this viewpoint. A relative balance between buying and selling forces is indicated by the RSI, which is currently around 44. At this point, neither the bulls nor the bears have the upper hand. Even with these dire signs, there is still hope for the Ripple coin. The price is currently getting close to the significant $0.5 support level, a turning point that could positively affect the course of the price going forward. 

Dogecoin Price Prediction

Recent predictions for the Dogecoin price indicate that it will fall by 13.93% by July 3, 2024, to reach $0.139. Technical indicators indicate that the current mood is neutral. During the previous 30 days, Dogecoin had 13/30 (43%) green days and 4.94% price volatility. The Dogecoin price prediction indicates that this is a good moment to purchase Dogecoin. The annual low Dogecoin price prediction for 2025 is projected to be $0.138. 

It is anticipated that the Dogecoin price will soar to $0.692 in the upcoming year. As of right now, the price prediction for Dogecoin in 2025 ranges from $0.138 on the low end to $ 0.692 on the high end. If Dogecoin hits the higher price target, Dogecoin’s value could increase by 330.57% by 2025 compared to its current price.

Investors Are Optimistic About KangaMoon

Due to the coin’s optimistic price growth and potential in the future, investors have shown significant interest in KangaMoon in recent months. Analysts have projected that the coin’s value will rise further. Similar circumstances apply to Ripple and Dogecoin, whose prices are both setting the stage for a potential rally, based on analysis.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Telegram Community: https://t.me/Kangamoonofficial

The post Toncoin Achieves A New ATH! TON Price On The Path To Hit $10? appeared first on Coinpedia Fintech News

The Toncoin (TON) price has successfully recorded a new all-time high (ATH) of $7.78 during the early trading hours today, highlighting an increase in the buying-over-selling pressure for the altcoin in the crypto market.

Positively, Toncoin price has recorded a surge of 148% in its trading volume and added 13.30% within the past day. Moreover, the altcoin has added 17.76% within the past week and 30.88% over the past month.

Toncoin Records A Bullish Breakout:

After hovering close to its important support level of $6.325 for a brief period, the bulls regained momentum over the past weekend and since then, the TON price has added 24.71% to its valuation. This resulted in the altcoin recording a new ATH.

TradingView: TON/USDT

With a Year-to-Date (YTD) return of 228% in valuation and a market cap of $18.26 Billion, the Toncoin (TON) price has successfully reclaimed the position of the 9th largest cryptocurrency in terms of market cap by surpassing Cardano (ADA) token.

The technical indicator, SMA constantly supports the price chart in the 1D time frame, suggesting an increase in the buying sentiment for TON price in the crypto space.

On the other hand, the Relative Strength Index (RSI) successfully retested its mid-point, resulting in it experiencing a significant uptrend toward the overbought range. Moreover, the average shows a bullish curve, suggesting the price will continue gaining value in the coming time.

Will TON Price Hit $10 In June?

If the market holds the price above the support level of $7.250, the bulls will continue gaining momentum and test its resistance level of $8.725. Maintaining the price at that level will set the stage for Toncoin price to test its upper resistance level of $10 during the upcoming weeks.

Conversely, if the bears overpowered the bulls, the TON coin price would lose momentum and test its support level of $7.250. Furthermore, if the bears continue to overpower the bulls, it will plunge further and prepare to test its lower support level of $6.325 in the coming time.

The post Macro Guru Raoul Pal Reveals His ‘Biggest’ Meme Coin Bets; Says ‘Dogecoin Should Be Next ETF’ appeared first on Coinpedia Fintech News

Raoul Pal, the founder and CEO of Real Vision and Global Macro Investor, has opened up about meme coins and their relevance. Pal revealed that his two biggest bets, equally weighted, are Whiff and Bonk, and he’s been invested in those for a while now. He still holds some Dogecoin because he believes Elon Musk will likely do something with Doge over time. Other than these, he doesn’t have any additional investments. He focuses on comparing charts relative to one another, such as Bonk versus other meme coins.

He admits to struggling with the direction of the Bonk and Whiff chart, which is why he avoids super-early investments. He doesn’t have the time to delve into pump-and-dump schemes to determine what might move.

As reported by Savvy Finance, Pal explained that what’s happening is speculation—whether cultural memes will become important. Pal doesn’t mind it as long as everyone knows it’s like betting on raindrops in a window. Pal also sees it as a way to test out what might happen.

“Let’s assume that you can participate in the success of that meme you’ve found, like spotting a band where you go to a pub. This band’s amazing, and then they end up becoming Coldplay. It’s that same feeling of discovering something nobody else discovered and becoming a big thing. This way, you get to participate financially,” he explained the meme culture. 

Pal added that there is still value in these things. Dogecoin has proven its value, as has Shiba Inu. These two or three will persist, and that meme will continue to create further value. While uncertain what will ultimately create value, Pal doesn’t believe everything will go to zero. 

Talking about which ETF could launch next, Pal said , “if the space remains true to form, Dogecoin should be the next ETF.”