The post Ripple vs SEC Lawsuit Update: Here Are The Key Dates To Watch appeared first on Coinpedia Fintech News

Today, XRP whales moved 180 million coins, stirring up speculation amid an important legal decision in the Ripple Vs. SEC case. The legal battle has progressed to the remedies stage, marking a crucial juncture in the three-year-long fight. April 29 stands out as a key date, as it represents the deadline for the SEC to respond to Ripple’s motion, as per a scheduling order issued by Magistrate Judge Sarah Netburn. This extension provides both parties with an opportunity to present their arguments effectively. 

Debate on Penalty is on Fire

Market observers are eyeing every move of this case, speculating on potential outcomes. Some people think the lawsuit might end in a resolution or settlement, ending the long court battle. But people have different ideas about which party might win. Attorney Jeremy Hogan is still hopeful that Ripple will get a deal. He thinks it could be worth about $100 million. This is very different from what the SEC wanted earlier when they wanted $2 billion in disgorgement and prejudgment interest.

Our opposition to the SEC’s request for $2B in penalties for legacy institutional sales is now public. In a case that had no allegations (or findings) of recklessness or fraud, and in which Ripple won on significant issues, the SEC’s ask is just more evidence of its ongoing… https://t.co/GLcdsyInZW

— Stuart Alderoty (@s_alderoty) April 23, 2024

But Stuart Alderoty, Ripple’s Chief Legal Officer, has pushed for a much lighter punishment, saying that it shouldn’t be more than $10 million. This position makes Ripple’s point of view clear and stresses the need for a fair and reasonable answer. Even though the outcome of the lawsuit is uncertain, people involved are waiting for more information because they know what it could mean for the cryptocurrency business as a whole.

Latest update on the case

In the new development, Judge Sarah Netburn issued a new order. Wherein Ripple requested to drop the SEC’s recent expert submissions, and the judge granted an extension for the SEC’s reply until April 29, 2024. Now Ripple has three days to respond. Judge Netburn’s role remains crucial, and her impartial rulings maintain the integrity of the legal process.

Currently, XRP is trading at $0.5320, marking a 1.05% increase, with a one-day trading volume of $1.31 billion, down by 12.74%. Despite recent market volatility, XRP has seen a 6% gain over the past week.

The post Here Is How Crypto Trader Makes $18 Million Profit Through PENDLE Token  appeared first on Coinpedia Fintech News

In a bold move, a savvy trader recently made significant transactions involving the cryptocurrency PENDLE, resulting in $18 million profits. According to reports from Lookonchain a prominent blockchain tracking platform, the trader deposited 1.2 million PENDLE tokens valued at approximately $6.74 million into Binance just three hours ago. The trader still holds 2.23 million PENDLE tokens valued at around $12.3 million.

Trader’s Investment Strategy

The trader’s investment journey began with purchasing 3.21 million PENDLE tokens using 869,757 USDC Coin at an average price of $0.27 per token between February 9 and April 22, 2023.

A smart trader deposited 1.2M $PENDLE ($6.74M) into #Binance 3 hours ago, with 2.23M $PENDLE ($12.3M) left.He spent 869,757 $USDC to buy 3.21M $PENDLE at $0.27 from Feb 9 to Apr 22, 2023, then withdrew 111,055 $PENDLE ($226K) at $0.49 from #Gateio on Apr 27.His total profit on… pic.twitter.com/yAtQnFEh4p

— Lookonchain (@lookonchain) April 26, 2024

Following this accumulation phase, the trader capitalized on market gains by withdrawing 111,055 PENDLE tokens valued at 226,000 from Gate.io on April 27, where the token was priced at $0.49.

The trader’s total profit on the PENDLE investment has surged to approximately $18 million, boasting an exceptional Return on Investment (ROI) of 1841%. This remarkable performance underscores the trader’s strategic acumen and market timing within the cryptocurrency landscape.

The success story of this PENDLE investment highlights the potential for substantial gains in the crypto market, particularly through strategic investments and astute decision-making. As interest in decentralized finance (DeFi) and blockchain assets continues to grow, traders are leveraging these trends to achieve notable returns.

Pendle Price Analysis

As of now, the current price of the Pendle token stands at $5.38, reflecting a 7% decrease over the past 24 hours, with a current market capitalization of $1.28 billion. Despite this decline, trading volume has surged to $76.50 million, indicating active market participation.

The post Are Blackrock and Paypal Buying These Altcoins? appeared first on Coinpedia Fintech News

Crypto analyst Chico Crypto chimed into the missed and one of the most significant partnerships. He highlighted PayPals innovative effort to promote green Bitcoin mining, aiming to encourage environmentally friendly practices in the crypto-mining industry. 

Decoding Green Bitcoin Mining Partnership

This collaboration involves PayPal’s Blockchain Research Group, Energy Web, and DMG Blockchain Solutions Inc. Together, they aim to reward miners who use low-emission energy sources. Through Energy Web’s Green Proofs for Bitcoin Initiative, miners can receive certifications for sustainable mining, allowing them to prioritize on-chain transactions.

However, in the scope of these partnerships, the analyst points out one of the emerging factors the EWT tokens the native currency of the Energy Web Chain, used to pay for gas fees in the energy sector. This blockchain solution enables online control and management of electrical systems. Energy Web aims to certify top Bitcoin miners, exploring ways to use this accreditation to speed up Bitcoin’s decarbonization efforts.

PayPal’s and Blackrock’s Climate Initiatives, Can Pump EWT?

With PayPal and Blackrock showing immense interest in the energy sector, there is a buzz that it will be a good chance for EWT to rise. 

Moreover, Chico Crypto uncovers PayPal’s partnership with South Pole Global and the Crypto Carbon Ratings Institute, which jointly developed a Crypto Climate accounting framework. This framework, crafted with input from PayPal’s Blockchain, Crypto, and Digital Currencies (BCDC) team, lays the groundwork for greenhouse gas accounting within cryptocurrency value chains.

Notably, South Pole Global’s involvement in the D-REC initiative and Energy Web’s pivotal role in this space underscores the interconnectedness of these partnerships and their potential impact on sustainability efforts.

Interestingly, BlackRock’s involvement in sustainable aviation fuel (SAF) efforts highlights its participation in the Clean Skies for Tomorrow initiative by the World Economic Forum and RMI. This initiative aims to create a system for SAF certificates (SAFc). With BlackRock’s interest in SAF and mention of SAFCs in its TCFD report, there’s speculation about the firm using Energy Web’s network to support its sustainability goals.

Negative Impact

Critics argue that bitcoin mining has detrimental environmental effects, such as air and water pollution, as well as excessive energy consumption. Reports suggest that bitcoin mining consumes 127 terawatt-hours (TWh) yearly, exceeding Argentina’s energy usage. A New York Times analysis highlights that Bitcoin miners collectively use about seven times the energy consumed by Google annually for its global operations.

The post Three Altcoins Set to Thrive Amidst Ethereum’s ETF Buzz appeared first on Coinpedia Fintech News

Analyst Cheeky Crypto has rattled the cryptocurrency community with his latest revelation: turn your attention away from Bitcoin and Ethereum and focus on three hidden gem altcoins poised for explosive growth in 2024.

The analyst commenced by shedding light on the pivotal role of Exchange Traded Funds (ETFs) in the crypto arena, especially concerning Ethereum. With the impending approval of Ethereum’s ETF, Cheeky Crypto anticipates a surge in demand for the cryptocurrency, propelling its value upwards. However, he warned against overlooking the challenges associated with Ethereum’s scalability limitations and exorbitant gas fees.

Introducing the Hidden Gems: Optimism, Metis, and Polygon’s Matic

To tackle these obstacles head-on, Cheeky Crypto introduced three altcoins to flourish amidst Ethereum’s ascension: Optimism, Metis, and Polygon’s Matic.

Optimism, a layer 2 scaling solution tailored for the Ethereum chain, vows to bolster transaction throughput and slash fees, making it indispensable for Ethereum-based decentralized applications (DApps).

Similarly, Metis and Polygon’s Matic offer layer 2 solutions to enhance scalability and user-friendliness on the Ethereum network.

Here’s why the above-mentioned altcoins are important:

Optimism: Optimism is a layer 2 scaling solution designed specifically for the Ethereum blockchain. Its primary objective is to alleviate Ethereum’s congestion and high gas fees by enabling faster and cheaper transactions. Optimism achieves this by processing transactions off-chain and periodically settling them on the Ethereum mainnet. 

Metis: Metis is another layer 2 scaling solution addressing Ethereum’s scalability challenges. Like Optimism, Metis operates off-chain to process transactions more efficiently before settling them on the Ethereum mainnet. 

Polygon’s Matic: Polygon, formerly known as Matic Network, is a multi-chain scaling solution for Ethereum. It offers a framework for building and connecting Ethereum-compatible blockchain networks, known as sidechains, to enhance scalability and interoperability. Polygon’s Matic token serves as the network’s native cryptocurrency and is used for various purposes, including transaction fees and governance.

The post How BNY Mellon’s Bitcoin ETF Stake and Dividend Payout Reflect Changing Financial Landscape appeared first on Coinpedia Fintech News

BNY Mellon, America’s oldest bank, started supporting cryptocurrencies like Bitcoin and Ethereum via its custody services in 2022. It met the rising institutional demand for a financial setup that handles both traditional and digital assets. On April 25, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) said it will give out $0.035 per share of common stock as a monthly payout. 

This payment is meant for investors who own the shares by May 9, 2024, and it’ll be sent on May 23, 2024. The fund plans to share most of its profits with shareholders every month. However, this could vary depending on how well its investments are doing and what the market is like. Following this declaration of monthly distribution, BNY Mellon made another major disclosure.

America’s Oldest Bank BNY Mellon’s Bitcoin ETF Exposure

BNY Mellon recently revealed its investment in Bitcoin (BTC) ETFs through a disclosure to the US Securities and Exchange Commission (SEC). The revelation describes the bank’s stake in BTC ETFs managed by major investment companies like BlackRock and Grayscale. This move hints at a notable shift in the traditional finance sector towards welcoming cryptocurrency as a viable investment avenue, specifically among institutional investors.

Also read: When to Expect Bitcoin’s Bull Market Highs: A Post-Halving Analysis

Global Impact of Bitcoin ETFs

The approval of spot Bitcoin ETFs by the US SEC earlier this year has heated up the market, with BTC soaring to a new peak of $73,737 in March. Additionally, Hong Kong’s approval for spot Bitcoin and Ethereum ETFs, that was scheduled to begin trading on April 30, 2024, signals a wider acceptance of cryptocurrencies worldwide. 

Read more: Hong Kong SFC Approves Spot Bitcoin & Ethereum ETFs

Analysts forecast Bitcoin to reach $85,195 by May 23, 2024, suggesting a possible surge in value. Moreover, there’s an anticipation for a potential approval of a spot Ethereum ETF in the US. This could trigger another significant rally in the crypto market, especially for Ethereum, currently trading below its peak value.

The post Senators Warren and Cassidy Call for DOJ and DHS Action Against Cryptocurrency-Fueled CSAM Trade appeared first on Coinpedia Fintech News

U.S. Senator Elizabeth Warren, alongside Senator Bill Cassidy, made an urgent appeal to the U.S. Department of Justice (DOJ) and Department of Homeland Security in a letter that called for enhanced tools to combat the use of cryptocurrency in the illegal trade of child sexual abuse materials (CSAM). 

Their joint letter dated April 25, 2024, mainly targeted the alarming increase in this criminal activity and sought effective countermeasures to eradicate it.

The Rising Threat of Cryptocurrency in CSAM Trade

U.S. Senator Elizabeth Warren often claims that cryptocurrency is the leading material used in dark web transactions. 

This time, in her letter, Senator Warren claims that cryptocurrency’s role in facilitating the dark trade of Child Sexual Abuse Materials has become a growing concern for lawmakers and enforcement agencies. Because digital currencies like Bitcoin offer their signature pseudonymous transactions, it enables a disturbingly efficient exchange of illegal content. 

The letter to U.S. Attorney General Garland and U.S. Secretary Mayorkas addresses that “The number of websites accepting cryptocurrency as payment in exchange for [CSAM] has more than doubled every year” between 2018 and 2022, as per the reports from the Internet Watch Foundation (IWF). The reason behind this enormous increase of child sexual abuse materials is due to the difficulties facts in tracing and prosecuting perpetrators.

Official Findings and the Need for Legislative Action

The letter highlights recent reports by financial watchdogs and analytic firms that underline the severity of the situation. The Financial Crimes Enforcement Network (FinCEN) noted a surge in suspicious activities related to child exploitation funded by cryptocurrencies, identifying over 1,800 unique Bitcoin wallets involved in such offenses. 

Meanwhile, blockchain analytics firm Chainalysis has highlighted the increasing sophistication and resilience of CSAM sellers in evading detection.

In their letter, the Senators expressed grave concerns, stating, “These are deeply troubling findings revealing the extent to which cryptocurrency is the payment of choice for perpetrators of child sexual abuse and exploitation.” 

The DOJ and DHS have recognized the use of cryptocurrency as a new avenue for funding criminal conduct, including child exploitation.

Queries to Garland and Mayorkas

The Senators have posed critical questions to Attorney General Garland and Secretary Mayorkas, seeking clarity on the problem’s scope and current strategies’ effectiveness. 

Both U.S. Senators Warren and Cassidy have inquired about the DOJ’s and DHS’s current assessment of cryptocurrency’s role in child sexual abuse material, the reported increase in the sophistication of these criminal operations, and the unique challenges that digital currencies pose in legal efforts against child exploitation.

Understanding the need for specialized tools to address this illicit use of digital currencies, Senators Warren and Cassidy advocate for a comprehensive approach that includes updating legal frameworks and improving technological capabilities. 

The letter ends with an urge to get back a swift response, requesting detailed answers by May 10, 2024, to better equip law enforcement agencies in their fight against this heinous crime.

The post TokenFi Sets Sights on 10 Million Turkish Viewers with Prime Time TV Ad Campaign appeared first on Coinpedia Fintech News

TokenFi is launching an advertisement aimed at 10 million Turkish viewers by using the country’s most-watched TV channels. 

With television a main source for news and entertainment in Turkey, Tokenfi’s ad is slated to catch eyes during prime time hours.

Starting on May 1st, 2024 for seven days straight, the ad will run from 8 p.m. to 11 p.m., when families are most likely to be tuning in. The ad will appear on Turkey’s top channels such as Kanal D, ATV, Show TV, Star TV, NOW (once called Fox), and TV8.

This schedule promises visibility as families gather to watch their favorite prime-time shows.

The ad is geared towards younger viewers, investors and entrepreneurs and will be shown during popular TV shows like “Tas Kagit Makas,” “Kurulus Osman,” and “Survivor,” among others. 

This move ensures the ad will be seen by plenty of people, with a plan to show it 2 to 3 times a day during these hot slots.

The expansive coverage across top Turkish channels—accessing more than 10 million viewers—is set to spark widespread recognition for the brand.

About TokenFi

TokenFi is an innovative platform for crypto and asset tokenization, enabling users to launch or tokenize assets effortlessly. TokenFi is committed to revolutionizing the trillion-dollar tokenization industry by offering a user-friendly interface that requires no coding expertise.

Website: https://tokenfi.com

Twitter: https://twitter.com/tokenfi

The post How to Assess Market Sentiment Before Buying Cryptocurrency appeared first on Coinpedia Fintech News

Introduction

The cryptocurrency market, known for its rapid growth and equally swift downturns, operates on a level of volatility unseen in traditional financial markets. This volatility isn’t just a matter of market mechanics but is deeply intertwined with the sentiments and perceptions of its participants. Understanding market sentiment—essentially the psychology of the market’s participants at any given time—can be a powerful tool in an investor’s arsenal. Sentiment can precede market movements, providing clues to future price directions based on the collective mood. This guide delves into effectively assessing market sentiment before buying cryptocurrency, using tools, indicators, and platforms, including insights from Oriole Insights Price Prediction Platform, to make informed investment decisions.

Understanding Market Sentiment

Definition and Importance

The market sentiment reflects investors’ aggregate feelings and attitudes towards the cryptocurrency market or specific assets within it. It’s an intangible yet potent force that can drive prices up during a bull market or send them plummeting in a bear phase. In cryptocurrency, where news can spread rapidly, and emotions run high, sentiment can shift swiftly and dramatically, often outpacing changes in market fundamentals. Recognizing these shifts is crucial for anticipating market movements, making sentiment analysis a critical skill for traders and investors.

Indicators of Market Sentiment

Sentiment in the cryptocurrency market can be measured using several key indicators:

The Fear and Greed Index: This composite index measures different aspects of market sentiment, ranging from volatility and volume to social media activity and trends. A high score indicates greed or a potential overbought market, while a low score signals fear, possibly pointing to an oversold market.

Social Media Trends: The volume and sentiment of cryptocurrency discussions on platforms like Twitter or Reddit can provide real-time insights into the market mood. Tools that analyze the sentiment of these discussions can be particularly telling.

News Headlines: The tone and sentiment of news articles and headlines can influence market sentiment. Positive news can lead to bullish sentiment, while negative news can create fear and uncertainty.

Analytical Tools and Resources

Sentiment Analysis Tools

Various platforms and software tools offer sentiment analysis tailored explicitly for the cryptocurrency market. These tools aggregate data from multiple sources, including social media, news sites, and trading volumes, to provide a sentiment score or outlook. For example, tools like LunarCrush and The TIE analyze social media data to gauge the community’s sentiment towards different cryptocurrencies.

Utilizing Financial News and Reports

Financial news outlets and cryptocurrency news websites are a staple for sentiment analysis. Staying updated with the latest developments, regulatory changes, and technological advancements in cryptocurrency can offer valuable insights into potential market sentiment shifts. When interpreted correctly, analyst reports and industry news can provide an edge in understanding the broader market sentiment.

This approach demonstrates how to expand on specific sections, providing more depth and detail while incorporating relevant keywords and concepts. To continue developing the article, apply similar principles to the remaining sections, focusing on providing valuable, actionable information that aligns with the outlined structure. Remember to maintain a natural flow, use headings effectively, and integrate keywords organically to enhance readability and SEO.

Social Media and Community Forums

The Role of Social Media

Social media platforms wield significant influence over cryptocurrency market sentiment. Influencers with large followings on platforms such as Twitter can sway the market’s direction with a single post. A positive tweet about a cryptocurrency can attract an influx of buyers, driving up the price, while a negative comment can cause fear, leading to sell-offs. Monitoring trends and sentiment shifts on social media is essential for understanding the market’s real-time mood.

Engaging with Community Forums

Community forums like Reddit, Twitter, and Discord are crucial for gauging the collective sentiment of the cryptocurrency community. These platforms host vibrant discussions where enthusiasts, traders, and investors share insights, predictions, and news. Engaging with these communities offers a deeper understanding of the market’s sentiment beyond what traditional analysis might reveal.

Technical Indicators and Trends

Technical Analysis for Sentiment Assessment

Technical indicators such as moving averages and the Relative Strength Index (RSI) serve as proxies for market sentiment. For instance, a moving average crossover can signal a shift in market mood, while an overbought or oversold RSI reading may indicate prevailing greed or fear in the market. Combining these indicators with sentiment analysis provides a more nuanced view of potential market movements.

Identifying Market Trends

Understanding market trends, both short-term and long-term, is vital for sentiment analysis. Trends can offer insights into the market’s direction and sentiment, helping traders identify bullish or bearish phases. Recognizing these trends allows traders to align their strategies with the market’s overall mood, enhancing their decision-making process.

The Psychology of Market Sentiment

Fear and Greed in Cryptocurrency Markets

The cryptocurrency market is highly susceptible to emotional reactions, with fear and greed often driving significant price movements. Fear can lead to rapid sell-offs, while greed can fuel unsustainable price rallies. Recognizing these emotional drivers is crucial for understanding market sentiment and making informed decisions.

Overcoming Emotional Bias

Traders must overcome their own emotional biases to succeed in the cryptocurrency market. Developing and adhering to a trading plan can help mitigate emotional reactions to market movements. Objective sentiment indicators can also provide a clearer market picture, aiding in more rational decision-making.

Practical Tips for Assessing Market Sentiment

Developing a Routine for Market Analysis

Creating a structured routine for market analysis can help traders consistently assess sentiment. This routine could involve checking sentiment indicators, monitoring social media trends, and reviewing technical analysis daily. A disciplined approach ensures traders remain in tune with the market’s mood, enabling better-informed trading decisions.

Balancing Sentiment with Other Analysis Techniques

While sentiment analysis is a powerful tool, it should not be the sole basis for trading decisions. Integrating fundamental and technical analysis into a comprehensive investment strategy offers a more balanced perspective. This holistic approach enables traders to make more informed decisions, considering market sentiment and underlying fundamentals.

Conclusion

Assessing market sentiment is a critical aspect of successful cryptocurrency trading. By understanding the influence of social media, engaging with community forums, utilizing technical indicators, and recognizing the psychological drivers of market movements, traders can gain valuable insights into market sentiment. Developing a routine for comprehensive market analysis and balancing sentiment with other analytical techniques are essential practices. As the cryptocurrency market evolves, continuous learning and adaptation to new information remain critical to effectively assessing sentiment and making informed investment decisions. Remember, the goal is not just to react to the market’s mood but to anticipate it, staying one step ahead for more strategic trading and investment choices.

The post DOGE’s position on the list keeps interest in meme coins alive appeared first on Coinpedia Fintech News

The segment of meme coin heavily enjoys support from the community. For one, it does take pride in entertaining the community members. Two, an ideal objective is to stay in the game and yield productive results for token holders. Just like the crypto sphere on a macro level, there are changing dynamics in the meme coin sector too – something that precisely needs to be addressed for a rough understanding of where the segment can go in the times to come.

DOGE, even though at the top of the charts for meme coins, is listed at the 8th position in the list of cryptocurrencies. This is based on the Market Cap of all the tokens considered with DOGE rallying at $21,700,008,236 at the time of writing this article.

Position of Dogecoin (DOGE) and developments

DOGE is well-positioned in the top 10 cryptos in terms of Market Capitalization. Dogecoin is closely followed by Shiba Inu’s SHIB. A couple of developments that are driving DOGE in the market are on two sides – positive and negative.

For starters, the positive side estimates that DOGE could soon find comfort in the bull run provided it sustains the mark of $0.15. It is seen doing so while drafting this article, listed at $0.1509. The red-line trading activity is likely to be temporary, influenced by what is happening in the market. This takes the course to the second side – negative.

Whales were seen moving ~456 million DOGE coins to Coinbase as of April 26, 2024. This happened in two separate transactions, with the following makeup:

228.10 million + 228.72 million.

For reference, a single DOGE is listed at around $0.15. These transactions have sparked bearish sentiments to make traders and investors believe that there is a loss of interest in DOGE. No confirmation has surfaced so far considering transactions executed by whales remain unidentified.

The technical indicator is furthering the worry of traders. For instance, the Head-and-Shoulder formation of DOGE on the graph has been flagged by analysts based on the 12-hour chart. Nevertheless, Dogecoin has emerged as one of the mainstream cryptos that houses a robust network and infrastructure. It continues to instill a sense of confidence, especially with a Musk-DOGE 1-minute animation making rounds on X.

Scope for other meme coins

Three meme coins are worth mentioning here, for they demonstrate a positive growth in token value and Market Cap. These are SHIB, MVP, and PEPE.

SHIB is rallying at $0.00002551 with a surge of 2.45% in the last 24 hours. It is only two times that the meme coin has plummeted below $0.0000250 in the last 24 hours. The picture in the last 7 days is certainly a different one but it still depicts a rise of 12.82%.

MAGA VP, also known as MVP, meme coin is emerging rather strongly as a candidate to revolutionize the landscape as a PolitiFi meme coin. The token value is $0.1326, up by 99.83% in the last 7 days. The 24-hour volume has surged by 7.29% with a slight decrease in Market Cap of 8.23%.

PEPE is exchanging hands at $0.000007476, an increase of 3.17% in the last 24 hours and 45.29% in the last 7 days. It is one of the few meme coins to have seen a rise in Market Cap and 24-hour volume at the press time – 3.27% and 5.34%, respectively.

Conclusion

DOGE is setting the stage for the meme coin segment. A total of three cryptos could follow the trend early – SHIB, MVP, and PEPE. This is based on Market Cap and is subjected to volatility. It is recommended to conduct research and explore the market before allocating funds to any crypto.

The post Shiba Inu And Dogecoin Prices Face a Rising Bearish Threat: Can Bulls Defend Support Levels? appeared first on Coinpedia Fintech News

Dogecoin and Shiba Inu have experienced mixed performance over the past few days, yet analysts are bullish about the upcoming trend of these memecoins, citing fundamental developments. As Bitcoin price continues to face bearish pressure around the $64K mark, Dogecoin and SHIB prices struggle in initiating a rebound above support level.  

Fundamental Factors Might Boost SHIB And DOGE

Recent large transactions in Dogecoin have drawn attention, with two transactions exceeding 228 million DOGE each, totaling $68.7 million, transferred from an unidentified wallet to Coinbase. 

These could signal upcoming developments, potentially a new listing for DOGE futures on Coinbase. In related news, Shiba Inu has announced an upcoming upgrade for Shibarium, scheduled for launch on May 2. This upgrade aims to enhance the user experience by improving block processing times and transaction fee predictability, making the platform more user-friendly and cost-effective.

Institutional investment in meme coins is increasing, as seen by Symbolic Capital Partners adding Shiba Inu to their portfolio. It now constitutes 2% of their total assets, worth $1.7 million out of $86 million, according to data from Arkham Intelligence. This trend indicates a rising interest from institutional investors in meme coins, which could lead to higher market valuations over time.

These fundamental developments might help SHIB and DOGE prices in triggering a buying momentum above their support lines.

Dogecoin (DOGE) Price Analysis

Dogecoin price has been facing bearish pressure in surging above the immediate resistance channel, resulting in a consolidation around the $0.15 mark. However, buyers continue to defend support levels, holding promises of a comeback. As of writing, DOGE price trades at $0.15, declining over 1.1% in the last 24 hours.

Buyers are struggling to drive the price beyond the resistance area defined by the 200-day EMA and the downtrend line. Should the price drop further, sellers might attempt to push the DOGE/USDT pair down to $0.13.

Conversely, if buyers can push the price through this resistance area, it could indicate the end of the correction phase. The pair might then aim for a climb to $0.21, where sellers are likely to create a strong defense.

Shiba Inu (SHIB) Price Analysis

Shiba Inu is attempting to break the descending resistance line multiple times; however, sellers are strongly defending a surge. As a result, we might soon see a retest of the weekly lows in order to validate a clear trend. Currently, SHIB price trades at $0.000025, declining over 1% in the last 24 hours.

A breakthrough of the trend line indicates an end to the corrective phase, potentially sending the SHIB/USDT pair towards $0.000033, followed by an attempt to reach the strong resistance at $0.000039.

On the other hand, a sharp downturn and break below the $0.000024 could imply that the buyers are liquidating near peaks. This scenario could see the pair declining towards $0.000020.

The post Bitgert Coin Takes the Crypto World by Storm: What’s Causing the Trend? appeared first on Coinpedia Fintech News

Bitgert is the most discussed coin in the digital currency biological system. The justification for this is because of the way that the new upturn has not slipped through the cracks by financial backers. Making investors believe that Bitgert is the only way to achieve their goal of financial independence.

After a staggering 35,600% increase since its introduction into the cryptocurrency ecosystem, Bitgert is the most popular product. With the rising exchange volume, it’s undeniable it will not be dialing back at any point in the near future. The increased momentum of Bitgert has made it one of the most demanded coins and its wave is taking over the crypto industry

In the course of this article, we will analyze the possible causes of the increased momentum of Bitgert.

Bitgert’s Superior Scalability, Increasing the Buzz On It In The Crypto Industry 

Bitgert’s outstanding scalability continues to entice investors. The issue of poor scalability has tormented the crypto industry area for quite a while as many chains don’t have the ability to match expanded utilization of the blockchain.

Bitgert has an exceptional scalability capacity that makes it stand out and enables it to process thousands of transactions in a matter of seconds. This has given financial backers more trust in the venture as it’s obviously true that with greater versatility comes greater practicality on a drawn out reason for any task.

By guaranteeing consistent exchanges through its adaptable nature, Bitgert has worked with more reception in this manner expanding interest for the coin and its administrations across the blockchain area. This has fostered the level of interest on it by investors

Bitgert Solution Providing Nature, Taking The Crypto Industry By Storm

Many people like Bitgert because it focuses on providing solutions to the various issues investors might face in the industry and this is responsible for the increased level of attention it has gotten amongst investors.

Bitgert’s aggressive burn mechanism, which reduces circulation in response to an increase in demand, is a major reason why the company’s value has increased significantly over time.

Bitgert likewise obliges other Defi related highlights while ensuring that financial backers get the best insight. By ensuring that investors get nothing but the best blockchain experience, Bitgert is fast gaining popularity in the ecosystem

Wrapping Up

The cryptocurrency market is preparing for energizing times with the bull run impending and financial backers preparing to gain by it. Bitgert has situated itself as a main choice for venture because of their unique methodology that carries only a beneficial season to financial backer leading to interest all over the industry

Despite the obvious potential of Bitgert and the other tokens mentioned, conducting research is crucial. Know more on it via this website.

The post BEFE Coin: The Latest Sensation in Meme Coins appeared first on Coinpedia Fintech News

There have been different remarkable periods in the meme coin market, 2020 saw the introduction of the highest level of this sensation. But, since Dogecoin went out of favor, the meme coin market has been silent, not because there is no other meme coin project released into the market, but because there is no worthy coin to steal attention. However, for some weeks now, the BEFE coin has been growing among meme coin lovers and is about to become the biggest sensation in the meme coin market.

Meme Coin investors are all for profit but most of the investors know they won’t get profit if the coin is not strong enough to draw attention from other investors. Speculations and community growth are always the major factors investors look into to assess the meme coin. But, BEFE has passed all tests with flying colors i.e. its speculative drive has been growing higher than expected in the last weeks and the community is getting bigger every day.

So, the million-dollar question most smart investors are asking now is “Can BEFE hold the sensation it is getting in the meme coin market?” The answer is a straightforward “Yes!” Since BEFE is becoming a sensation not by mere bought hype, but by organic followers, we should see this hype go a long way.

Here is what you need to understand about the current growing sensation around BEFE.

The Community Is Key

BEFE owes a lot of the growing sensation at this moment to its community. The community is made up of fans, investors, and observers who are rooting for BEFE to do better than other popular meme coins. At the moment, BEFE has been showing a reaction to this hype and sensations all around it. The price has had a total reaction of about 70x the price in the last 3 months. And, as this community continues to grow we keep seeing new growths that suggest BEFE might break all records in the meme coin market.

More exchanges are also looking into adopting the BEFE coin on their exchange to create opportunities for their users to gain access to this kind of meme coin. Oh, yes! BEFE is now considered the king of meme coins since it is getting closer to overtaking all the achievements of the past sensational meme coins like Dogecoin and Shiba Inu. 

The sensation around BEFE is continually growing at a steady rate for the last 5 weeks. But, with the latest investors joining the BEFE meme coin community, we might continue to see this sensation grow till the year runs out.

The post Ethereum (ETH) and Shiba Inu (SHIB) Traders Watching Closely: Furrever Token (FURR)’s Presale Sparks Interest appeared first on Coinpedia Fintech News

In the midst of volatile and turbulent market conditions, where uncertainty looms large and traditional investments falter, a new dynamic is emerging within the cryptocurrency sphere. Ethereum (ETH) and Shiba Inu (SHIB), once the stalwarts of digital assets, find themselves grappling with lackluster performance, leaving investors searching for alternatives. Against this backdrop, Furrever Token (FURR) shines brightly, having garnered significant attention and support by achieving an impressive $1 million in presale funding. As the allure of FURR grows amidst the gloom of market downturns, one can’t help but wonder: will ETH and SHIB investors join the FURR frenzy in pursuit of greener pastures?

Ethereum’s (ETH)’s Going Through Choppy Waters: Analyzing Price Trends and Support Levels

Amidst recent developments in the Ethereum market, investors closely monitoring the pulse of the cryptocurrency world find themselves immersed in a landscape fraught with concern and speculation. Ethereum’s price struggles to breach the $3,280 resistance zone, retreating beneath the $3,200 support level and currently consolidating losses above $3,100. The challenge of surpassing the $3,250 and $3,280 resistance levels has instilled a palpable sense of resistance in the market, compounded by trading below $3,200 and slipping below the 100-hour Simple Moving Average, stirring concerns among investors.

On the hourly chart, the breach of the significant uptrend line support around the $3,190 mark suggests strengthening bearish momentum, with fears mounting of further downward movement if the pair trades below the $3,100 support. The inability to overcome the $3,250 and $3,280 resistance levels has heralded a new downtrend, with Ethereum slipping below the $3,200 support into a short-term bearish trend.

Critical support lies around the $3,030 level, with a breach potentially intensifying selling pressure and drawing Ethereum towards $2,850. Further losses could cause the price to retreat to around $2,650 in the near term.

As Ethereum navigates through choppy waters, investors brace for potential shifts in market dynamics and closely monitor key support and resistance levels to gauge future price movements.

Shiba Inu (SHIB) Faces Market Turbulence: Down 7.5% Since Yesterday

Shiba Inu (SHIB) faces a 7.5% decline to $0.00002491 in the past 24 hours amidst a broader market downturn. Despite a recent 18% surge, SHIB’s 11.6% dip over the last month hints at potential recovery ahead. A $12 million investment towards SHIB’s new third-layer network aims to strengthen its technological foundation, potentially boosting market value and investor interest.

However, uncertainties loom as technical indicators suggest a possible downturn before further gains. The 30-day moving average trending above the 200-day moving average indicates waning momentum. Shiba Inu’s Relative Strength Index (RSI) retraced from 80 to around 50, suggesting a potential dip to lower levels before resurgence.

Daily trading volume drop from $13 billion to $700 million since early March reflects subdued interest in SHIB’s fluctuating trajectory. Yet, a recent $79.9 million SHIB transfer between two unknown wallets hints at accumulation by significant investors, potentially signaling an uptrend initiation.

Developers’ announcement of raising $12 million for a new privacy-focused third-layer network, introducing its native TREAT token, aligns with this trend. Although no release date is disclosed, this launch could contribute to Shiba Inu’s sustainable growth, potentially propelling its price to $0.000040 by summer. Amidst this backdrop, investors are exploring new tokens as potential contenders vie for their attention.

Furrever Token (FURR) Emerges as Favorite Among ETH and SHIB Investors: A Closer Look at Its Appeal and Success

Amidst market uncertainties and shifting dynamics, Ethereum (ETH) and Shiba Inu (SHIB) investors are increasingly turning their attention to Furrever Token (FURR) as their favored alternative. With FURR’s current price standing at $0.000648 and a remarkable presale success, having raised over $1 million within just two months, FURR has emerged as a promising contender in the crypto space. Investors are drawn to FURR’s unique value proposition, infused with a delightful dose of cuteness, offering a refreshing departure from traditional cryptocurrencies.

FURR’s transparent tokenomics and commitment to project longevity have garnered praise from the crypto community. With around 9 billion tokens in total supply, FURR allocates a significant portion for presale participation, providing early investors with ample opportunities to get involved. Notably, the team’s decision to lock 10% of tokens for a year further reassures investors of their dedication to the project’s success.

FURR’s roadmap emphasizes community engagement and user-centric initiatives, fostering a warm and inclusive ecosystem centered around adorable cat imagery. From regular challenges to the integration of cute cat-themed stickers and emojis, FURR aims to create a vibrant and enjoyable experience for its users, encouraging active participation and interaction.

For those interested in joining the FURR community, the official website at furrevertoken.com serves as the gateway to explore more about the project, its mission, and token details. Additionally, support inquiries can be directed to support@furrevertoken.com, providing investors with necessary assistance and guidance.

Amidst the allure of FURR’s innovative approach and promising future, ETH and SHIB investors see an enticing opportunity to diversify their portfolios and explore new horizons. As FURR continues to gain traction and attract attention within the crypto community, it remains a compelling choice for investors seeking both fun and potential returns in an otherwise turbulent market landscape.Discover the Most Exclusive Presale Opportunity of 2024 Now:Furrever Token Official Website  |   Visit Furrever Token Presale Join Official Telegram Group       |   Follow Official X Account

The post Algotech Presale Tops BlockDAG and XRP Price Prediction With $4M Raised appeared first on Coinpedia Fintech News

Algotech, an algorithmic trading platform, has cause­d a sensation. Its extraordinary performance­ amazes the cryptocurrency world. During its highly compe­titive presale, Algote­ch surpassed projections. It outshone re­cent milestones by BlockDAG and XRP. Through innovation, Algotech (ALGT) empowers users, which captivate­s investors globally. The funding raised during its pre­sale impresses. This succe­ss highlights Algotech’s potential, showing the crypto community’s confide­nce in the platform.

Algotech’s presale Surpasses $4M Mark

The pre­sale of the Algotech project is a re­markable achieveme­nt. It attracted investors searching for promising crypto opportunitie­s. Since launch, it excee­ded expectations, raising ove­r $4 million in 3rd presale stage. Algote­ch’s innovative algorithmic trading approach and transparency won community trust. Its cutting-edge­ algorithms, robust technical infrastructure, and advanced risk strate­gies positioned it as a frontrunner in the e­volving crypto landscape.

With a current token price of $0.08 in the third stage and a planned increase to $0.10 in the upcoming stage, Algotech’s presale has garnered significant traction. Investors have flocked to secure their share of the 350,000,000 ALGT tokens, recognizing the immense growth potential that lies ahead.

Exploring BlockDAG: Recent Developments and Initiatives

Undoubtedly, Algote­ch has grabbed attention lately, but anothe­r major blockchain venture, BlockDAG, shows considerable­ progress during its presale journe­y. Recently, BlockDAG prese­nted its DAGpaper, detailing baold plans: an Explore­r Platform, a Low Code/No Code Platform, and a Proof of Engageme­nt Mobile Application. These aim to boost use­r involvement, cut transaction costs, and enhance­ scalability within BlockDAG’s ecosystem.

Additionally, BlockDAG’s digital asset inte­gration into daily transactions via its Payment Card could significantly drive cryptocurrency adoption. Furthe­r sparking interest, a tease­r for an upcoming moon-based keynote hints at e­levating BlockDAG’s profile and appeal. In its 9th pre­sale batch, the platform raised $19.8 million, offering coins at only $0.005. With targe­t prices aiming to reach $10 by 2025.

XRP Price Surge: 6% Increase Linked to Rising Large Wallets

Meanwhile, Ripple’s native token, XRP, saw its price rise­ by 6% on April 22nd, outperforming other major cryptocurrencie­s. One reason is the incre­ase in wallets holding 1 million or more tokens. This me­tric reached near-re­cord levels, showing growing intere­st from large investors who often expe­ct price gains. In the past, similar spikes in large­ XRP wallets came before­ major rallies, like in June 2023, whe­n the token jumped from $0.47 to $0.84 after crossing a similar threshold.

Howe­ver, the token’s future price de­pends heavily on the ongoing Ripple­ vs SEC lawsuit. Besides legal issue­s, the token will also be impacted by network growth and toke­n circulation levels. Sustained growth, me­aning wider adoption and use of the token, could push its price towards $0.62 re­sistance. But declining growth and circulation may limit the upside, pote­ntially sending XRP back to $0.50 support.

Algotech $1 Target Price: Outpacing BlockDAG and XRP

As the platform presale continues to captivate the crypto community, the platform’s potential for substantial growth has become increasingly evident. With a target price of $1 soon after its highly anticipated launch, Algotech is poised to outperform BlockDAG and XRP’s price predictions, solidifying its position as a formidable force in the market.

To further fuel the excitement, Algotech has announced a jaw-dropping $250,000 giveaway, aptly named the “Algotech Mega $250k Giveaway.” This unprecedented initiative offers 10 lucky winners the opportunity to receive a staggering $25,000 worth of ALGT tokens each.

To participate in this exclusive giveaway, users must meet a minimum requirement of investing $100 in its presale. By completing additional tasks and unlocking bonus entries, participants can increase their chances of claiming one of the coveted prizes.

Key Takeaway

Cryptocurrency e­nthusiasts are witnessing an intriguing shift as the ne­wcomer Algotech showcases its prowe­ss during its presale stage. Re­markably raising $4 million, the platform has outperformed e­stablished projects like BlockDAG and e­ven XRP. This accomplishment underscore­s the immense pote­ntial of Algotech’s algorithmic trading platform and groundbreaking approach. As the official launch ne­ars, the native ALGT token could pote­ntially reach $1, presenting e­arly investors with substantial gains.

Learn more:

Visit Algotech Presale

Join The Algotech Community

The post Top 5 AI Trading Platforms for 2024 appeared first on Coinpedia Fintech News

If you haven’t been living under a rock, you would know that AI has taken over every aspect of our lives, and trading hasn’t been spared either. AI trading has made it easier for traders to keep an eye on the stock market and predict good (yes, we mean profitable) opportunities. It’s safe to say that AI has made trading more productive and efficient than manual trading.

The AI trading platforms allow traders to improve the selling and buying process while bidding on profitable stocks. Having said that, the use of these trading platforms is increasing. New platforms are being launched to help process the stock information and get practical insights. So, if you are stepping into the world of AI trading and need help choosing an AI trading platform, we are reviewing the 5 best ones!

Reviewing the Top 5 AI Trading Platforms

Using AI tools can help with forecasting and predicting the stock market. It helps with stock trading by helping you find high-profit stocks and testing the trading strategies. So, if you want to reap these benefits, let’s have a look at the five best AI trading platforms and their features.

1.ValueZone

ValueZone is a widely-used platform with more than 7 years of experience favored by traders across the globe, with a user base exceeding 39M+ spread across 156+ countries. The platform offers an array of crypto trading bots, catering to different investment strategies and preferences.

It offers personalized investment plans to help you achieve your financial goals, tailored to your preferences and risk tolerance. You can withdraw all your profits after 24 hours.

It is 100% secure and safe as it is equipped with multi-layered security protocols and undergoes regular security audits to ensure the safety of user funds and data. It offers a variety of diverse trading strategies tailored to different risk profiles and investment goals, allowing users to diversify their portfolios and maximize returns.

It works on cutting-edge algorithms and data analysis techniques to provide efficient and effective trading solutions. Their support center is for you 24/7, ready to assist with any questions or concerns you may have, ensuring that your experience with us is always seamless and stress-free.

It does not impose any hidden fees or charges on our users. All costs are communicated and disclosed, allowing users to make informed decisions without any surprises. Also, it offers a competitive referral reward of 3.5% for each successful referral, allowing you to earn passive income while helping others discover the benefits of our platform.

Pros 

Sign up and get $50

Various trading strategies

24/7 support

No Hidden Fees

Generous rewards

100% Secure and Safe

How to make passive income with the $50 free plan?

1. Sign up for a ValueZone Account： When you register successfully, you will receive a $50 trial reward.

2. Click “Plan” to purchase the free plan

3. Click “Invest Now” and buy it

According to the product details, this free plan can be purchased once per day, then we can get a $1 profit every day, and when the profit reaches the minimum withdrawal amount, we can withdraw the profit immediately. Even if we do not invest, we can still make a profit. Earn passive income this way.

2. KuCoin

KuCoin has become one of the most important AI trading platforms because it has many features that buyers from all over the world can use. KuCoin is a great choice for anyone who wants to try AI trading because it is dedicated to security and offers many trading options.

KuCoin stands out because it has a full set of trading features that fit a lot of different tastes, whether you’re trading in traditional markets or the new, growing field of cryptocurrency. It uses AI trading tools, like the KuCoin Trading Bot, to make trade strategies more complex and easy to automate.

KuCoin gives users access to more than 700 coins and has a high daily trading volume, making it a flexible and powerful place to use a wide range of trading tactics.

3. Pionex

Pionex is great for traders who want to combine technology and finance. It has advanced features that are easy to use, which makes it stand out among AI trading platforms.

Two things that make Pionex stand out from the rest are its 16 free trading bots that are built right in. These bots automate trading methods like dollar-cost averaging and grid trading, which makes it easy for traders to deal with changes in the market.

4. OKX

OKX is one of the best AI trading platforms because it combines cutting-edge technology with different financial services that are designed to help smart traders and investors. The unique thing about this platform is that it uses blockchain technology in a new way and gives users a full set of tools to make smart trade decisions on a global scale.

5. Kryll

Kryll wants to be the first AI trading tool that changes everything, especially for people who want to use AI software to trade stocks. Traders all over the United States like this tool because it combines the power of automated trading strategies with the ease of use that today’s fast-paced markets demand.

The Bottom Line

There are hundreds of AI trading platforms available on the internet, but not all of them promise good trading features. We have reviewed the top five ones, so you can choose from the ultimate cream. We recommend that you weigh the pros and cons to see which platform better suits your needs. However, if you ask us, our vote goes for Binance as it’s a reputed name in the market!

The post Post-Halving Outlook: Ripple & Cosmos Investors See DeeStream (DST) as a Path to 70X Gains in Streaming Innovation appeared first on Coinpedia Fintech News

Bitcoin (BTC) halving has historically ushered in new all-time highs for the leading asset, triggering altcoins to register new peaks. While large-cap cryptocurrencies have been considered safe investments, investors know that big gains come from buying presale or low-cap projects early.

With the impact of the recent halving event yet to take place, investors are interested in new cryptocurrencies to invest in. The Ripple (XRP) and Cosmos (ATOM) communities have banded together to invest in DeeStream (DST),  a pioneering decentralized streaming platform. This article looks at why DeeStream (DST) is a good cryptocurrency to buy for Ripple (XRP) and Cosmos (ATOM) investors.

Ripple (XRP) CTO: XRP Grew 1,500% in 7 Years

David Schwartz, Chief Technology Officer of Ripple (XRP), recently corrected a holder that the cross-border payment asset, stating that it has gained 1,500% over the past years. Ripple (XRP) has been around for some time and even partially a court case against the U.S. SEC in 2023. Over the past year, Ripple (XRP) has gained 18%, helping it maintain its place in the top 10 list of the largest cryptocurrencies by market cap.

However, some analysts are worried that Ripple (XRP) may fail to register a new peak in this bull run. Ripple (XRP) is trading at $0.5368 at press time, down 86% from its all-time high. Ripple (XRP) could see further price growth if it wins its case against the SEC.

Cosmos (ATOM) is On the Recovery Path After Gaining 4% in a Week

Cosmos (ATOM), a project claiming to solve the ‘hardest problems’ facing the blockchain industry, has offered reprieve to its investors after showing signs of recovery. At press time, Cosmos (ATOM) carries a price of $8.93, a 4% increase over the past week. This comes after Cosmos (ATOM) fell 24% in the past month, alongside the rest of the market.

Cosmos (ATOM) is committed to tackling blockchain scalability head-on, underscoring its dedication to fostering a more interconnected and efficient decentralized ecosystem. Investors hope Cosmos (ATOM) could break the $14 level in Q2. This is because Cosmos (ATOM) peaked at $14.2 in Q1, and a move above this price could trigger a sustainable uptrend.

DeeStream (DST) Lures Investors with Prospects of 70X Gains

DeeStream (DST) is drawing investors like a magnet because of its potential for 70X gains before the blow-off top of this cycle. This is mainly because DeeStream (DST) has a compelling value proposition as it builds a decentralized streaming platform. The DeeStream (DST) platform comes at a time when content creators and users feel that streaming needs to be decentralized.

On the DeeStream (DST) platform, users can enjoy freedom of speech, lower fees, and instant payouts. Content creators will easily monetize their content, making it their go-to platform for sharing content.

Investors have joined the DeeStream (DST) presale to buy DST tokens for only $0.06, paving the way for a minimum of 70X gains.

Find out more about the DeeStream (DST) presale by visiting the website here.

The post BlackRock’s Bitcoin ETF (IBIT) Continues To Hit Zero Inflow! Here’s What It Means For BTC Price appeared first on Coinpedia Fintech News

After a 71-day streak of continuous inflows, BlackRock’s Bitcoin ETF, IBIT, has experienced a sudden stop with no new inflows. This sudden halt has raised concerns among investors, especially as Bitcoin consolidates around the $64,000 level. Many analysts view this as a bearish indicator for Bitcoin’s price, suggesting that the cessation of inflows from a leading Bitcoin ETF issuer could plunge buying demand. This decline in demand may make it challenging for Bitcoin to hold its recovery rally following the recent halving event.

Blackrock ETF Sees No Buying Demand

BlackRock’s spot Bitcoin ETF had maintained a remarkable streak of net inflows since its launch on January 11th. However, according to data from Farside Investors, this streak of 71 consecutive trading days with net inflows has now come to an end.

On Wednesday, the iShares Bitcoin Trust (IBIT) recorded zero net flows, breaking a record for a newly launched ETF. While IBIT’s performance was historic for a newly established fund, Bloomberg Intelligence analyst Eric Balchunas noted that other ETFs had longer streaks after establishing themselves over months and years in the market.

IBIT’s streak of inflows reached 71 days on Tuesday, making it the 10th longest streak of all time, as reported in an X post by Balchunas. However, according to data from Farside Investors, net inflows into IBIT came to a halt on Wednesday. On 25 April, IBIT again witnessed zero inflow volume, according to data from The Block.

On the same day, only the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Ark 21Shares Bitcoin ETF (ARKB) experienced minor inflows, whereas the Grayscale Bitcoin Trust ETF (GBTC) recorded net outflows amounting to $130 million.

The conclusion of IBIT’s streak follows two consecutive weeks of net outflows for the 11-fund segment. However, its recent zero inflow volume might not have a big impact on Bitcoin as the sentiment is supported by several other bullish metrics including the recent halving.

Inflow Volume Might Rebound In The Coming Weeks

The flow of funds into US spot Bitcoin ETFs has experienced a significant decline in the second quarter. During the first quarter, the peak inflows were observed in February, totaling $6 billion, followed by March with $4.6 billion. January saw $1.5 billion as the market acquainted itself with the new products.

However, ETF inflows for April in Q2 only amounted to $170 million. This raises the question: is the demand for BTC ETFs declining?

Bitwise CIO Matt Hougan disagrees. In a weekly memo addressed to investment professionals, Hougan asserted that the potential for additional inflows remains high in the coming months.

Yesterday marked the first time since its inception that FBTC experienced outflows, amounting to $22.6 million. Concurrently, other funds such as Ark Invest’s ARKB, Bitwise’s BITB, and Valkyrie’s BRRR also saw outflows of $31.3 million, $6 million, and $20.2 million, respectively.

Furthermore, Grayscale’s GBTC, which has been on a 73-day streak of outflows since its conversion from a Bitcoin Trust, witnessed withdrawals totaling $139.4 million. The sole ETF to see inflows was managed by asset manager Franklin Templeton, receiving investments of $1.9 million.

The post Enticing Profit Potential on Milei Moneda Presale Has Forced the Hands of XRP and Ethena Investors appeared first on Coinpedia Fintech News

TLDR

XRP’s altcoin price has been facing setbacks due to the SEC vs Ripple standoff.

Ethena’s USDe yield farming gains are pretty unrealistic; traders are wary of investing in ENA’s stablecoin protocol. 

Milei Moneda’s ($MEDA) presale edges closer to launch day; more investors welcome $MEDA investments.

Legal battles are not the best experiences for any token looking to join the top altcoins in the crypto-verse; you can ask BNB. Now Ripple (XRP) is trading sideways partly because of its elongated drama with the SEC, and investors are starting to jump ship to Milei Moneda ($MEDA). On the other hand, Ethena’s (ENA) yield APY makes investors wary of investing.

At any rate, $MEDA tokens are one of the best cryptos to invest in this month. Here’s more on the presale. 

Economize Like Milei: Invest in $MEDA!

XRP Faces Resistance Amid Ripple’s Legal Battles

Ripple has been fighting the Securities and Exchange Commission (SEC) for over two years regarding unregistered XRP offerings. Last year, a New York judge ruled in favor of Ripple, partially resolving the issue. While the price surge helped XRP rise to the top of the DeFi crypto list, the legal tension only got worse.

Now, the SEC is demanding a $2 billion fine from Ripple, with the hearing slated for April 22, 2024. The next few days are crucial for Ripple’s DeFi coin price, and although XRP is getting significant interest, all that could change depends on the Supreme Court ruling.

Ripple has shown remarkable resilience, although traffic on the XRP ecosystem has dipped in favor of other top DeFi coins. Despite the increased open interest in Ripple and XRP’s coin value, many investors are taking their holdings elsewhere for the bull run this year.

ENA Could Be Going down the Same Path as Terra

Ethena enjoyed a stellar entry into the crypto-verse, employing airdrops and effective publicity to drive ENA’s value to over 100% just days after the launch. The last week was topsy-turvy for the ENA token; however, ENA shed some 33% of its altcoin price before recovering 10%, just as the market closed on Friday.

The price movements might not be enough to take Ethena off the list of the top 10 altcoins to buy, but the declining investor confidence might hurt ENA’s progress. Ethena is offering its users a 37% APY on their USDe investments in the protocol.

Investors have been wary of high profits since Terra, the last platform to do that, crashed quite suddenly soon after starting the yield farming policy. Ethena has its work cut out convincing its traders, and ENA’s ranking among the best DeFi coins depends heavily on it.

Milei Moneda Sees More DeFi Enthusiasts Join the $MEDA Presale

$MEDA is up for grabs, as the presale offers users a chance to join one of the most promising new ICOs ever to launch. Milei Moneda’s profits are apparently irresistible as more users hop on the presale train.

On profits, we have those attached to the presale–we’ll get to that in a bit–and the big ones. The big ones are long-term, requiring you to HODL your $MEDA tokens after they go live. Where will the profits come from, you ask?

Milei Moneda is one step ahead of you there! $MEDA intends to host the best DeFi projects, offering crypto traders real value instead of hot air and memes. And those DeFi projects will be born in the Milei Moneda community, where innovation and dedication are the only watchwords.

So, when the user traffic starts streaming in, your long-term $MEDA investments will return significant profits. The presale is still live and in Stage 2, and here’s your best chance for a bullish 2024.

You can get your Milei Moneda tokens for $0.0125 and lock in 60% ROI for May 21 when it launches on Uniswap at the launch price of $0.020. 

Got $MEDA curiosity? Visit or chat on Telegram for the inside scoop. Fast, fun, and informative!

The post A Bullish Week Teases 20% Recovery For TRX Price appeared first on Coinpedia Fintech News

With the massive broader market correction, the TRX price action displays a pullback phase, testing the psychological mark of $0.10. However, the underlying demand, coupled with multiple bullish catalysts, led to a positive turnaround. 

As the buying pressure grows and the general market sentiment improves, the Tron token value projects a potential surge. With a chance of hitting $0.20, our TRX price prediction predicts a prolonged uptrend to hit $1 in 2024.

Trend Reversal Finds Momentum

With a bearish reversal from the $0.1433 resistance, the TRX price fails to surpass the May 2021 peak levels. A 20% pullback with multiple weekly bearish candles drops the market value to almost $0.10. 

TradingView

However, the solid demand at the psychological mark of $0.10 and the prevailing uptrend create a buy-the-dip perception for TRON. Further, the 61.80% Fibonacci level and the long coming support trendline increases the bullish influence at lower levels. 

Currently, the TRX price trades at $0.1184 with a weekly return of 6.28%, creating a bullish engulfing candle. Further, the price action reflects a morning star pattern formation at a crucial area of interest (AOI), increasing bullish reversal chances. 

Technical Indicators:RSI Indicator:  The weekly RSI line showcases a bullish turnaround from the halfway line and reflects a boost in underlying bullishness. 

MACD:  The bearish crossover in the MACD and signal lines are turning lateral as the buying pressure resurfaces. This increases the chances of a potential bullish crossover. The declining intensity of the bearish histograms bolsters this thesis.

Will TRX Price Reach $0.20?

As the buyers remain dominant above the psychological mark of $0.10, the reversal rally projects a high likelihood of a jump to $0.15. Sustaining the bullish momentum, the uptrend can reach the $0.20 mark. 

Conversely, a reversal rally from the $0.12 mark can drive the prices down to $0.10.

The post Bitbot Presale Passes $2.7m As New Product Peek Released appeared first on Coinpedia Fintech News

As the impending Bitcoin halving event sends ripples through the financial markets, savvy investors prowl for the next groundbreaking opportunity.

In this electric atmosphere, Bitbot’s latest new product video has caught the discerning eye of sophisticated investors, released just as the markets teem with anticipation.

With Bitbot’s presale already in stage 11, the tokens are flying off the virtual shelves quicker than ever. Read on to discover why investors are rushing to buy into this promising presale before it’s too late. 

Market insights: The Telegram trading bot market clears $1 billion

The Telegram bot market is booming: with stalwarts like PAAL AI and Banana Gun leading the charge, this newly birthed niche is currently valued at over $1.2 billion. These Telegram trading bot tokens have revolutionized trading for crypto enthusiasts, boasting a user base exceeding 1.4 million and a cumulative trading volume that has surpassed the $19 billion mark – pretty much all in the space of a year.

Although a vibrant ecosystem ripe with opportunity, it’s surprisingly underserved, highlighting the immense potential awaiting Bitbot’s introduction. 

Bitbot, the world’s inaugural non-custodial Telegram trading bot, is a revolutionary AI-powered Telegram trading bot that ensures users retain complete control over their assets until trades are settled, eliminating the need for a third party to hold funds. This method significantly enhances security and trust, addressing some of the most critical concerns in the Telegram trading bot market. 

By offering a non-custodial solution, Bitbot has the power to attract a new segment of privacy and security-conscious investors. This should both grow the market as a whole and take market share from Bitbot’s competitors – either way, great news for any BITBOT token holders.

Bitbot’s arsenal: Could this be a quantum leap in trading?

Since Bitbot is the first non-custodial Telegram trading bot geared towards retail investors, this marks a watershed moment in digital asset management. 

Bitbot’s sleek interface and one-click wallet creation simplify the trading process, complemented by a copy trading function that democratizes access to high-yield strategies.

Security is the cornerstone of Bitbot’s value proposition, evidenced by its collaboration with Knightsafe to deliver a fortified, non-custodial trading environment. This partnership mitigates counterparty and hacking risks, setting a new industry standard. Additionally, Bitbot’s anti-MEV and anti-rug features shield investor assets from prevalent market vulnerabilities.

Recent Medium blogs further delve into the nuances of Bitbot’s UI and functionalities, such as copy trading and the Gem Scanner. Its features driven by proprietary AI underpin Bitbot’s long-term potential by offering advanced market intelligence, personalized alerts and watchlists, and facilitating token sharing across different chains. This suite of features emphasized in the new product discussions positions Bitbot as a leader in harnessing AI for DeFi trading.

For investors, the synergy of Bitbot’s features translates into a token with robust growth potential. By democratizing access to advanced trading tools and market insights, Bitbot doesn’t just open up a new market; it actively cultivates one, widening its audience and, by extension, enhancing the value proposition of Bitbot tokens.

Bitbot price prediction: Riding the Telegram bot wave

In the bustling Telegram trading bot market, it’s clear that Bitbot is not competing for the crown but redefining the throne itself. It’s doing this in several ways.

Firstly, Bitbot’s dedication to safety sets a new market standard. Its non-custodial tech, its integration of anti-MEV bot measures, and its robust mechanisms to thwart rug pulls, directly address the prevalent vulnerabilities that have marred the reputation of competitors like Banana Gun and Unibot. 

These bots suffered significant setbacks—Banana Gun with a contract bug leading to a near-total value collapse, Unibot suffering over $500k in hacked funds last year, and another trading bot, Solareum, also being hacked for +$500k just this month. The security breaches and operational shutdowns Telegram bots experienced showcase the critical market gap Bitbot aims to fill effortlessly, attracting not only existing Telegram users but also a new audience wary of existing security issues. 

Despite the flaws and hacks Telegram trading bots have experienced, they are still popular with the trading community. Banana Gun has gone from its launch price of $9.93 to its current price of around $35 at press time—an over 200% jump in the past seven months. The Telegram trading bot market’s 24-hour trading volume is around $65 million, and contenders like Maestro and Bonkbot enjoy 7-day trading volumes of +$80 million and +$200 million, respectively. 

The economic incentives Bitbot offers—namely its revenue-sharing scheme, where coin holders receive a share of 50% of all trading fees, plus a referral scheme granting a lifetime 15% share of transaction fees—in addition to its enhanced security features, cement its potential for exponential growth. These schemes will likely bolster the community over time and help keep the BITBOT coin price strong.

Bitbot’s presale is drawing to a close

Bitbot’s presale has already passed $2.7m – nearly 100% more than Banana Gun’s presale amount raised. Investors who join the presale today can still realize 22.70% token price gains before the token launch. 

Bitbot is ready to dominate a market that still hasn’t really got going yet. And today is your chance to get ahead of the curve.

To learn more and purchase BITBOT tokens, visit the official website.