š Curve DAO (CRV) is making waves! With a 500% surge in 30 days, CRV hit $1.33 before a slight correction to $1.1. The buzz? The launch of scrvUSD, a yield-bearing stablecoin boosting CRVās demand. š
- CRV's market cap soared to $1.6B, the highest since Feb 2023.
- Trading volume up 20% to $635M, showing investor interest.
- scrvUSD offers a 13% APR, attracting more users.
- Borrowing rates dropped to 20% after adjustments.
Whatās next for CRV? Share your thoughts below!
š HIVE Digital's November 2024 update is buzzing! The crypto miner reported a 67% boost in BTC holdings, mining 103 BTC last month. Their HODL portfolio now stands at 2,713 BTC, valued at $261M. š¤
- Mining capacity: Averaged 5.3 EH/s, peaking at 5.7 EH/s.
- Expansion: Purchased 11,500 Avalon ASIC miners & 8.6 EH/s Bitmain S21+ Hydro machines.
- Goal: Reach 15 EH/s by summer 2025, aiming for 2% of the global BTC network.
HIVE shares jumped 6.1% to $4.35! What do you think about HIVE's growth strategy? Share your thoughts below!
Dubai-based crypto platform BitOasis has secured a full Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA), marking a significant regulatory milestone. This comes after BitOasis was acquired by Indian crypto exchange CoinDCX in July 2024. The new license allows BitOasis to expand its crypto trading services, including buying, selling, and trading, across the Middle East and North Africa (MENA) region. BitOasis, a pioneer in the regional crypto ecosystem, aims to enhance its offerings for retail and institutional investors while ensuring compliance with local regulations.
š Whales Spark Optimism In Memecoin Market to Draw Retail Investors
Larger wallet holders trigger memecoin breakouts to create FOMO, boosting retail investor activity and market caps.
DOGE and PEPE saw gains of 241% and 243% since November 5, while WIF and BONK experienced retracements after initial surges.
Santiment predicts profit-taking by large wallets could cause a market retracement despite ongoing memecoin momentum.
Santiment, a market analysis platform, has identified a growing trend in the memecoin market involving larger wallet holders. According to the platform, these significant players are initiating price breakouts across various memecoins. This tactic appears to attract retail investors by creating a Fear of Missing Out (FOMO) atmosphere, boosting market activity.
š¬ Meme coins are quietly having more mini breakouts this weekend. For coins like Dogecoin, Pepe, Dogwifhat, and Bonk, the larger wallets could continue to pump market caps longer until retail FOMO returns. Once the crowd catches wind and get greedy, the larger wallets sellā¦ ā Santiment (@santimentfeed) December 8, 2024
šø Large Wallet Holders Impacting Memecoin Momentum
Notably, the memecoin sector, known for its high volatility, has recently experienced notable gains. Large wallet holders have played a pivotal role in this by targeting market caps of popular tokens, including Dogecoin (DOGE), Pepe (PEPE), Dogwifhat (WIF), and Bonk (BONK). By driving mini breakouts, these investors appear to set the stage for a bullish sentiment that draws in retail investors.
DOGE, the largest memecoin by market capitalization, has shown impressive performance since the November 5 crypto market breakout. Its price climbed over $0.48 for the first time since 2021, recording a 241% rally. Similarly, PEPE surged by 243%, hitting a new all-time high, while WIF and BONK followed with gains of 158% and 243%, respectively.
#Whales #Optimism
{spot}(OPUSDT)
Cardano's official X account was compromised, leading to the dissemination of misleading information regarding a fictitious SEC lawsuit. This incident highlights the ongoing vulnerabilities within the social media platforms utilized by blockchain entities. The hack further promoted a fraudulent token, which alarmingly amassed $500,000 in trading volume before being identified as a scam. This event underscores the persistent risks and challenges faced by the cryptocurrency industry, as it grapples with security threats and misinformation, contributing to an increasingly uncertain market outlook.
After XRP, Here Are the 5 Cryptos That Can Pump The SameĀ - CoinPedia
The cryptocurrency market is abuzz after XRP surged past Ethereum to claim the third spot, reaching $2.7 with a $142B market cap. This success has sparked interest in other promising cryptocurrencies. Here are five to watch:
1ļøā£ $RXS: Leading the RWA tokenization trend, RXS is in its presale phase, raising $21M+ so far. With a focus on real-world asset tokenization, analysts project potential returns of 62,790%.
2ļøā£ $XLM : Up 523% in a month, XLM is revolutionizing cross-border transactions. Analysts see potential retracement to $0.3851 before aiming for $0.8278.
3ļøā£ $DOT : Trading at $9.14 after a 137% rise, DOTās multichain ecosystem supports dApp development and could reach $50 if momentum continues.
4ļøā£ $LINK : LINKās price soared 94% this month to $21.69, bolstered by partnerships like 21X. It remains critical for DeFiās decentralized oracle networks.
5ļøā£ $HBAR: A quiet powerhouse, HBAR grew 535% in a month, offering carbon-negative operations and partnerships with Google and IBM, solidifying its role in Web3.
Michael Saylor, the executive chairman of MicroStrategy, has reiterated his ambitious vision for #Bitcoin , projecting its value could reach $13 million per coin by 2045.Ā
During a recent appearance on Charles Payneās Making Money, SaylorĀ outlinedĀ MicroStrategyās investment approach, describing Bitcoin as a transformative digital asset.Ā Saylor elaborated on MicroStrategyās strategy to acquire Bitcoin by leveraging financial tools such as convertible bonds, which target two distinct investor profiles.
Low-risk investors are drawn to the bondsā limited downside exposure, while high-risk investors favor the potential for outsized equity performance tied to Bitcoinās growth. He emphasized that volatility, often seen as a drawback, serves as a key operational driver for MicroStrategy. According to Saylor, this approach bridges traditional financial markets with the rapidly evolving crypto economy.
SaylorĀ addressed criticism that labels the strategy speculative and unsustainable. He countered that issuing securities to meet diverse investor needs aligns with public companiesā core purposes. Additionally, he likened Bitcoinās adoption curve to historical, technological breakthroughs like electricity and automobiles, asserting that initial skepticism is a natural response.
#CryptoNewsUSA
š Gate.io Shines with $9.566B Reserves & Tech Innovations! š
- Gate.io's December Reserve Report reveals a robust $9.566 billion reserve, boasting a 123.91% reserve ratio, surpassing the industry standard of 100%. BTC and ETH reserves are at 124.47% and 128.52%, respectively, ensuring user asset security.
- The platform's surplus reserves grew by 68.89%, highlighting its commitment to long-term security and trust.
- Gate.io leads with zero-knowledge proof tech, enhancing transparency without compromising privacy.
Join the conversation below! How do you think this impacts the crypto industry? š¬