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Which is better depends upon your risk tolerance, investing strategy, how much capital you have to use, and how much you can tolerate losing. Bitcoin is much mo
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$SOL Solana (SOL)
Currently, the fifth-largest cryptocurrency with a market cap of $77 billion, Solana (SOL) is also poised to reach the $100 billion mark due to robust investor interest and confidence.
SOL has experienced a 63% increase year-to-date, and its strong correlation with Bitcoin suggests further potential for growth.
The Solana ecosystem has seen significant activity, particularly with SOL-based meme coins such as Myro F and BONK, which have recently surged in trading volumes and prices.
These developments indicate growing investor interest and contribute positively to Solana’s market value.
Despite occasional network outages, Solana maintains a strong market presence, trading above essential support levels. Its Total Value Locked (TVL) stands at $4.80 billion, reflecting the ecosystem’s health and investor trust.
The integration of stablecoins like USDT, USDC, and PYUSD has enhanced liquidity, providing ample buying power for future rallies.
With solid fundamentals and increasing adoption, Solana is well-positioned to achieve a $100 billion market cap in the second half of the year.
It’s important to highlight that while backed by various fundamentals, the potential for the mentioned cryptocurrencies to reach the $100 billion threshold hinges significantly on the continuation of a bullish market momentum.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Currently, the fifth-largest cryptocurrency with a market cap of $77 billion, Solana (SOL) is also poised to reach the $100 billion mark due to robust investor interest and confidence.
SOL has experienced a 63% increase year-to-date, and its strong correlation with Bitcoin suggests further potential for growth.
The Solana ecosystem has seen significant activity, particularly with SOL-based meme coins such as Myro F and BONK, which have recently surged in trading volumes and prices.
These developments indicate growing investor interest and contribute positively to Solana’s market value.
Despite occasional network outages, Solana maintains a strong market presence, trading above essential support levels. Its Total Value Locked (TVL) stands at $4.80 billion, reflecting the ecosystem’s health and investor trust.
The integration of stablecoins like USDT, USDC, and PYUSD has enhanced liquidity, providing ample buying power for future rallies.
With solid fundamentals and increasing adoption, Solana is well-positioned to achieve a $100 billion market cap in the second half of the year.
It’s important to highlight that while backed by various fundamentals, the potential for the mentioned cryptocurrencies to reach the $100 billion threshold hinges significantly on the continuation of a bullish market momentum.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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Meme coins have continued to capture attention. Pepe Coin [PEPE] has recently been in the spotlight, with the crypto community speculating that it could surpass Shiba Inu [SHIB] in market value by 2024. PEPE’s incredible growth of 1000% this year has sparked predictions that it might outshine both the OG meme cryptocurrency Dogecoin [DOGE] and Shiba Inu to become the top meme coin.
Shiba Inu: Proactive Growth Strategy
Shiba Inu is determined to maintain its lead. The token has raised $12 million in a token sale to develop Shibarium, a privacy-focused blockchain. It positions it as the “meme center of the world.” Additionally, Shiba Inu has launched Shiba AI [S.A.R.A.H.], designed to enhance community engagement and support ecosystem projects with a focus on humor and user safety.
Shiba Inu: Proactive Growth Strategy
Shiba Inu is determined to maintain its lead. The token has raised $12 million in a token sale to develop Shibarium, a privacy-focused blockchain. It positions it as the “meme center of the world.” Additionally, Shiba Inu has launched Shiba AI [S.A.R.A.H.], designed to enhance community engagement and support ecosystem projects with a focus on humor and user safety.
Memecoin Analysis: Pepe, Bonk, and GME Price Predictions for This Week
June has kicked off an impressive rally for meme coins, with several popular ones drawing significant buyer interest, leading to massive price increases. A notable event was the return of Keith Gill, better known as “Roaring Kitty,” who sparked a surge in GME memecoin prices. Furthermore, last week saw significant fluctuations in the prices of Pepe and Bonk coins, suggesting potential for further increases in the coming week.
Memecoins Gain The Spotlight Amid Volatility
Last week, the GME memecoin, operating on the Solana blockchain, experienced an unexpected surge. This increase triggered a bullish outlook for both Pepe and Bonk prices, triggering analysts to revise their predictions for the meme coin market in the upcoming week.
Track your Portfolio
Price Analysis
Memecoin Analysis: Pepe, Bonk, and GME Price Predictions for This Week
Author: Shayan Chowdhury
June has kicked off an impressive rally for meme coins, with several popular ones drawing significant buyer interest, leading to massive price increases. A notable event was the return of Keith Gill, better known as “Roaring Kitty,” who sparked a surge in GME memecoin prices. Furthermore, last week saw significant fluctuations in the prices of Pepe and Bonk coins, suggesting potential for further increases in the coming week.
Memecoins Gain The Spotlight Amid Volatility
Last week, the GME memecoin, operating on the Solana blockchain, experienced an unexpected surge. This increase triggered a bullish outlook for both Pepe and Bonk prices, triggering analysts to revise their predictions for the meme coin market in the upcoming week.
Pepe Price Analysis
Pepe price witnessed intense volatility in the last few days as the price faced a strong rejection around the $0.000015 resistance mark. This pushed the price toward the low of $0.0000116. However, buyers defended that level and the price is currently hovering around $0.00001235, declining over 10% in the last
June has kicked off an impressive rally for meme coins, with several popular ones drawing significant buyer interest, leading to massive price increases. A notable event was the return of Keith Gill, better known as “Roaring Kitty,” who sparked a surge in GME memecoin prices. Furthermore, last week saw significant fluctuations in the prices of Pepe and Bonk coins, suggesting potential for further increases in the coming week.
Memecoins Gain The Spotlight Amid Volatility
Last week, the GME memecoin, operating on the Solana blockchain, experienced an unexpected surge. This increase triggered a bullish outlook for both Pepe and Bonk prices, triggering analysts to revise their predictions for the meme coin market in the upcoming week.
Track your Portfolio
Price Analysis
Memecoin Analysis: Pepe, Bonk, and GME Price Predictions for This Week
Author: Shayan Chowdhury
June has kicked off an impressive rally for meme coins, with several popular ones drawing significant buyer interest, leading to massive price increases. A notable event was the return of Keith Gill, better known as “Roaring Kitty,” who sparked a surge in GME memecoin prices. Furthermore, last week saw significant fluctuations in the prices of Pepe and Bonk coins, suggesting potential for further increases in the coming week.
Memecoins Gain The Spotlight Amid Volatility
Last week, the GME memecoin, operating on the Solana blockchain, experienced an unexpected surge. This increase triggered a bullish outlook for both Pepe and Bonk prices, triggering analysts to revise their predictions for the meme coin market in the upcoming week.
Pepe Price Analysis
Pepe price witnessed intense volatility in the last few days as the price faced a strong rejection around the $0.000015 resistance mark. This pushed the price toward the low of $0.0000116. However, buyers defended that level and the price is currently hovering around $0.00001235, declining over 10% in the last
Shiba Inu reaching the 25 Cents mark needs a robust and massive push in its market cap.
SHIB’s market cap is near $15 billion today and needs to scale up phenomenally to even consider reaching $0.25. While the market cap seems unrealistic, it’s not impossible to achieve in the future.
Also Read: SHIB Trader That Made 120M Resumes Buying More Tokens
SHIBA INU
2 minute read
Shiba Inu To Hit 25 Cents? Here’s When SHIB Could Reach $0.25
Vinod Dsouza
June 7, 2024
Shiba Inu is currently trading around the $0.000025 mark in the indices on Friday and is mostly moving sideways. Around 1.4 million investors currently hold SHIB in their wallets and are waiting for the long term to generate profits. The majority of investors are hoping for SHIB to hit the 1-Cent mark and make millions of dollars. The others are eager for the token to climb beyond $0.01 and reach a new milestone that can turn them into multi-millionaires.
Also Read: SHIB to Hit $0.000031 This weekend?
For those who are waiting for Shiba Inu to reach 25 Cents, the road is long, and difficult to hit the $0.25 threshold. It might take years or even decades or one’s lifetime could pass before it reaches the price mark. However, in this article, we will highlight what could make Shiba Inu’s price hit the $0.25 milestone.
Also Read: SHIB Forecasted To Hit $0.05, Bitcoin Pundit Predicts When
Shiba Inu: Here’s How SHIB Might Hit 25 Cents ($0.25)
Shiba Inu reaching the 25 Cents mark needs a robust and massive push in its market cap. SHIB’s market cap is near $15 billion today and needs to scale up phenomenally to even consider reaching $0.25. While the market cap seems unrealistic, it’s not impossible to achieve in the future.
Also Read: SHIB Trader That Made $120M Resumes Buying More Tokens
Data from leading on-chain metrics and price prediction firm CoinCodex shows that for Shiba Inu to reach 25 Cents, its market cap must touch $275 trillion. That’s a market cap bigger than Microsoft, Apple, Google’s Alphabet, Facebook’s Meta, and Tesla, among others. Just recently, Nvidia’s market cap crossed $3 trillion, despite the company being a global player in manufacturing chips and graphics cards.
Also Read: How High Can SHIB Go When Ethereum Hits $20,000?
Therefore, Shiba Inu is nowhere close to these multinational corporations and a market cap of $275 trillion seems extremely unlikely. In conclusion, for Shiba Inu to reach $0.25, its must market must cross $275 trillion to consider hitting 25 Cents.
Also Read: SHIB Trader That Made 120M Resumes Buying More Tokens
SHIBA INU
2 minute read
Shiba Inu To Hit 25 Cents? Here’s When SHIB Could Reach $0.25
Vinod Dsouza
June 7, 2024
Shiba Inu is currently trading around the $0.000025 mark in the indices on Friday and is mostly moving sideways. Around 1.4 million investors currently hold SHIB in their wallets and are waiting for the long term to generate profits. The majority of investors are hoping for SHIB to hit the 1-Cent mark and make millions of dollars. The others are eager for the token to climb beyond $0.01 and reach a new milestone that can turn them into multi-millionaires.
Also Read: SHIB to Hit $0.000031 This weekend?
For those who are waiting for Shiba Inu to reach 25 Cents, the road is long, and difficult to hit the $0.25 threshold. It might take years or even decades or one’s lifetime could pass before it reaches the price mark. However, in this article, we will highlight what could make Shiba Inu’s price hit the $0.25 milestone.
Also Read: SHIB Forecasted To Hit $0.05, Bitcoin Pundit Predicts When
Shiba Inu: Here’s How SHIB Might Hit 25 Cents ($0.25)
Shiba Inu reaching the 25 Cents mark needs a robust and massive push in its market cap. SHIB’s market cap is near $15 billion today and needs to scale up phenomenally to even consider reaching $0.25. While the market cap seems unrealistic, it’s not impossible to achieve in the future.
Also Read: SHIB Trader That Made $120M Resumes Buying More Tokens
Data from leading on-chain metrics and price prediction firm CoinCodex shows that for Shiba Inu to reach 25 Cents, its market cap must touch $275 trillion. That’s a market cap bigger than Microsoft, Apple, Google’s Alphabet, Facebook’s Meta, and Tesla, among others. Just recently, Nvidia’s market cap crossed $3 trillion, despite the company being a global player in manufacturing chips and graphics cards.
Also Read: How High Can SHIB Go When Ethereum Hits $20,000?
Therefore, Shiba Inu is nowhere close to these multinational corporations and a market cap of $275 trillion seems extremely unlikely. In conclusion, for Shiba Inu to reach $0.25, its must market must cross $275 trillion to consider hitting 25 Cents.
Shiba Inu To Hit 25 Cents? Here’s When SHIB Could Reach $0.25
Shiba Inu is currently trading around the $0.000025 mark in the indices on Friday and is mostly moving sideways. Around 1.4 million investors currently hold SHIB in their wallets and are waiting for the long term to generate profits. The majority of investors are hoping for SHIB to hit the 1-Cent mark and make millions of dollars. The others are eager for the token to climb beyond $0.01 and reach a new milestone that can turn them into multi-millionaires.
Also Read: SHIB to Hit $0.000031 This weekend?
For those who are waiting for Shiba Inu to reach 25 Cents, the road is long, and difficult to hit the $0.25 threshold. It might take years or even decades or one’s lifetime could pass before it reaches the price mark. However, in this article, we will highlight what could make Shiba Inu’s price hit the $0.25 milestone.
Also Read: SHIB Forecasted To Hit $0.05, Bitcoin Pundit Predicts When
Shiba Inu reaching the 25 Cents mark needs a robust and massive push in its market cap. SHIB’s market cap is near $15 billion today and needs to scale up phenomenally to even consider reaching $0.25. While the market cap seems unrealistic, it’s not impossible to achieve in the future.
Also Read: SHIB Trader That Made $120M Resumes Buying More Tokens
Shiba Inu is currently trading around the $0.000025 mark in the indices on Friday and is mostly moving sideways. Around 1.4 million investors currently hold SHIB in their wallets and are waiting for the long term to generate profits. The majority of investors are hoping for SHIB to hit the 1-Cent mark and make millions of dollars. The others are eager for the token to climb beyond $0.01 and reach a new milestone that can turn them into multi-millionaires.
Also Read: SHIB to Hit $0.000031 This weekend?
For those who are waiting for Shiba Inu to reach 25 Cents, the road is long, and difficult to hit the $0.25 threshold. It might take years or even decades or one’s lifetime could pass before it reaches the price mark. However, in this article, we will highlight what could make Shiba Inu’s price hit the $0.25 milestone.
Also Read: SHIB Forecasted To Hit $0.05, Bitcoin Pundit Predicts When
Shiba Inu reaching the 25 Cents mark needs a robust and massive push in its market cap. SHIB’s market cap is near $15 billion today and needs to scale up phenomenally to even consider reaching $0.25. While the market cap seems unrealistic, it’s not impossible to achieve in the future.
Also Read: SHIB Trader That Made $120M Resumes Buying More Tokens
PEPE Price Dips After Days of Rally: Sell or HODL
The PEPE price rally ends with its 5% decline in recent despite the bullish sentiments. With the anticipation of recovery, PEPE might disappoint the investors this time.
Pepe Coin boomed in May with new gains every other day, but the surge is on a halt now as the price has dropped in the last few days. Earlier in March, PEPE also exhibited very similar bullish behavior, but the rally ran short. However, that was not the case this time, as PEPE continued the surge for weeks, creating an all-time high record of $0.00001718. PEPE price is currently at $0.0000144 after a 5% drop in the last few days and has moved 16% away from the ATH.
But is it the end now, or PEPE it will make an even bigger recovery next? Let us check that out.
What do The Technical Indicators Say On PEPE Price?
Despite the mixed signals from PEPE investors and price drops, the 24-hour trading volume is still high. Usually, the trading volume stays around the $800 Million mark, but now the same is at $1.48 Billion, confirming the increased interest in this meme coin.
Also Read: 5 Meme Coins To Buy If You Want to Turn $10 into $100 This Week
Pepe Coin boomed in May with new gains every other day, but the surge is on a halt now as the price has dropped in the last few days. Earlier in March, PEPE also exhibited very similar bullish behavior, but the rally ran short. However, that was not the case this time, as PEPE continued the surge for weeks, creating an all-time high record of $0.00001718. PEPE price is currently at $0.0000144 after a 5% drop in the last few days and has moved 16% away from the ATH.
But is it the end now, or PEPE it will make an even bigger recovery next? Let us check that out.
What do The Technical Indicators Say On PEPE Price?
Despite the mixed signals from PEPE investors and price drops, the 24-hour trading volume is still high. Usually, the trading volume stays around the $800 Million mark, but now the same is at $1.48 Billion, confirming the increased interest in this meme coin.
Also Read: 5 Meme Coins To Buy If You Want to Turn $10 into $100 This Week
Crypto trader turns $12,300 into $1.72 million in 4 days
Another crypto trader has made waves in the cryptocurrency market with impressive results trading on the decentralized finance (DeFi) ecosystem. The trader made over $1.4 million in unrealized profits with the meme coin PEW on Ethereum (ETH).
As developed, the address starting with ‘0x8EF73‘ bought 27.05 billion PEW with 3.2 ETH, worth $12,300. Lookonchain spotted and reported this crypto trader’s activity on May 31 in a post on X.
Notably, ‘0x8EF73’ already sold 8.05 billion PEW for 83.5 ETH, worth $315,000—over $300,000 in realized profit. As of this writing, the monitored account holds 1 billion PEW worth $61,000.
Another crypto trader has made waves in the cryptocurrency market with impressive results trading on the decentralized finance (DeFi) ecosystem. The trader made over $1.4 million in unrealized profits with the meme coin PEW on Ethereum (ETH).
As developed, the address starting with ‘0x8EF73‘ bought 27.05 billion PEW with 3.2 ETH, worth $12,300. Lookonchain spotted and reported this crypto trader’s activity on May 31 in a post on X.
Notably, ‘0x8EF73’ already sold 8.05 billion PEW for 83.5 ETH, worth $315,000—over $300,000 in realized profit. As of this writing, the monitored account holds 1 billion PEW worth $61,000.
2 cryptocurrencies to reach $100 billion market cap in the second half of the year
Bitcoin (BTC) has shown remarkable resilience recently, revisiting the $70,000 price zone, buoyed by macroeconomic indicators and a surge in market optimism.
As we move into the second half of the year, a long-term bullish sentiment permeates the industry, with multiple digital assets showing potential for sustained buying pressure that could impact their market capitalization.
Notably, some assets are nearing the $100 billion market cap threshold and are poised for potential rallies. Finbold has identified two cryptocurrencies likely to surpass that mark in the latter half of the year.
BNB Chain (BNB)
BNB, the native token of Binance, is on track to reach a $100 billion market cap, driven by strategic expansions and innovations within the Binance ecosystem.
Initially an ERC-20 token, BNB transitioned to Binance Chain to enhance its utility, facilitating fee payments and enabling participation in new blockchain projects via Binance Launchpad.
BNB market cap. Source: CoinMarketCap
Trading at $597.44 with a market cap of $88.17 billion, BNB is 39.40% above its 200-day Simple Moving Average (SMA) of $427.54. This strong performance reflects growing investor confidence.
The integration of 35 new decentralized applications (dApps) into BNB’s Web3 Wallet has broadened its utility across gaming, finance, and trading sectors, enhancing user experience and increasing platform engagement.
The upcoming closure of Beacon Chain will consolidate Binance’s networks, transferring all capabilities to Binance Smart Chain and potentially boosting BNB’s prominence.
With continuous market growth and further platform expansions, BNB is on track to surpass the $100 billion mark by the end of the year.
As we move into the second half of the year, a long-term bullish sentiment permeates the industry, with multiple digital assets showing potential for sustained buying pressure that could impact their market capitalization.
Notably, some assets are nearing the $100 billion market cap threshold and are poised for potential rallies. Finbold has identified two cryptocurrencies likely to surpass that mark in the latter half of the year.
BNB Chain (BNB)
BNB, the native token of Binance, is on track to reach a $100 billion market cap, driven by strategic expansions and innovations within the Binance ecosystem.
Initially an ERC-20 token, BNB transitioned to Binance Chain to enhance its utility, facilitating fee payments and enabling participation in new blockchain projects via Binance Launchpad.
BNB market cap. Source: CoinMarketCap
Trading at $597.44 with a market cap of $88.17 billion, BNB is 39.40% above its 200-day Simple Moving Average (SMA) of $427.54. This strong performance reflects growing investor confidence.
The integration of 35 new decentralized applications (dApps) into BNB’s Web3 Wallet has broadened its utility across gaming, finance, and trading sectors, enhancing user experience and increasing platform engagement.
The upcoming closure of Beacon Chain will consolidate Binance’s networks, transferring all capabilities to Binance Smart Chain and potentially boosting BNB’s prominence.
With continuous market growth and further platform expansions, BNB is on track to surpass the $100 billion mark by the end of the year.
Best Meme Coins of 2024: Which Meme Coin Will Skyrocket in 2024? Featuring ButtChain, Pepe Coin, Bonk, Degen, and Catwifhat
As meme coins gain traction, investors and enthusiasts alike are keen to discover the next big meme coin that could skyrocket. Meme coins have evolved beyond mere internet jokes, often integrating unique features that appeal to a wide audience. In 2024, several meme coins stand out due to their innovative approaches and strong community support.
In this article, we delve into the specifics of ButtChain, Pepe Coin, Bonk, Degen, and Catwifhat, evaluating the attributes that have led to their being hailed as among the best meme coins of 2024. Our analysis is backed by thorough research, providing insights into what makes these projects noteworthy in the ever-evolving crypto landscape.
Best Meme Coins of 2024: A Quick List
ButtChain combines humor and technology to innovate as the first Auto Liquidity meme coin on Polygon.
Pepe Coin is a popular meme coin inspired by Pepe the Frog.
Bonk leverages Solana’s fast transactions and strong community engagement.
Degen integrates deeply into the Farcaster ecosystem with significant market activity.
Catwifhat features a playful theme with robust security on the Solana blockchain.
As meme coins gain traction, investors and enthusiasts alike are keen to discover the next big meme coin that could skyrocket. Meme coins have evolved beyond mere internet jokes, often integrating unique features that appeal to a wide audience. In 2024, several meme coins stand out due to their innovative approaches and strong community support.
In this article, we delve into the specifics of ButtChain, Pepe Coin, Bonk, Degen, and Catwifhat, evaluating the attributes that have led to their being hailed as among the best meme coins of 2024. Our analysis is backed by thorough research, providing insights into what makes these projects noteworthy in the ever-evolving crypto landscape.
Best Meme Coins of 2024: A Quick List
ButtChain combines humor and technology to innovate as the first Auto Liquidity meme coin on Polygon.
Pepe Coin is a popular meme coin inspired by Pepe the Frog.
Bonk leverages Solana’s fast transactions and strong community engagement.
Degen integrates deeply into the Farcaster ecosystem with significant market activity.
Catwifhat features a playful theme with robust security on the Solana blockchain.
Binance trading volumes hit yearly high at $1.12T in March
Binance spot trading volumes hit a yearly high in March as Bitcoin and Ethereum rose to new highs.
Spot trading volume on the Binance exchange hit its highest level since May 2021 afte seven consecutive months of ascent, according to a new report from CCData.
According to an April 5 report by cryptocurrency analytics platform CCData, Binance’s spot trading volume increased by 121% to $1.12 trillion in March
The report said the combined market share of the exchange also increased by 1.04% to 44.1% in March.
Source: CCData
CCData highlights Binance’s recovery after settling its case with the United States Department of Justice and paying a $4.3 billion settlement fine. This is evidenced in its derivatives trading volumes, which have risen by 89.7% to $2.91 trillion, also achieving their highest levels since May 2021.
CCData analysts also noted that Binance made the largest gain in spot markets, increasing its market dominance by 2.3% compared with February. The exchange also saw the biggest gains year-to-date, now accounting for 38.0% of the spot trading volumes on centralized exchanges (CEXs).
Change in market share on selected exchanges year-to-date. Source: CCData
In January, analytics firm Kaiko reported that Binance experienced an increase in trading volume, with its market share climbing 50% within just two months of its settlement with the United States Department of .
Binance spot trading volumes hit a yearly high in March as Bitcoin and Ethereum rose to new highs.
Spot trading volume on the Binance exchange hit its highest level since May 2021 afte seven consecutive months of ascent, according to a new report from CCData.
According to an April 5 report by cryptocurrency analytics platform CCData, Binance’s spot trading volume increased by 121% to $1.12 trillion in March
The report said the combined market share of the exchange also increased by 1.04% to 44.1% in March.
Source: CCData
CCData highlights Binance’s recovery after settling its case with the United States Department of Justice and paying a $4.3 billion settlement fine. This is evidenced in its derivatives trading volumes, which have risen by 89.7% to $2.91 trillion, also achieving their highest levels since May 2021.
CCData analysts also noted that Binance made the largest gain in spot markets, increasing its market dominance by 2.3% compared with February. The exchange also saw the biggest gains year-to-date, now accounting for 38.0% of the spot trading volumes on centralized exchanges (CEXs).
Change in market share on selected exchanges year-to-date. Source: CCData
In January, analytics firm Kaiko reported that Binance experienced an increase in trading volume, with its market share climbing 50% within just two months of its settlement with the United States Department of .
Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC
The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents," according to the company.
By Sam Kessler
Crypto PricesCoinDesk 20 Index
TV & VideosNewslettersPodcastsConsensus MagazineLearnBitcoin CalculatorConsensusWebinarsIndicesAbout
MarketsFinanceTechnologyProtocol VillagePolicyCoinDesk Studios
Thought LeadershipSponsored ResearchPress ReleaseAdvertise
Language
Upcoming Events
The Consensus Agenda is Out Now!
Bitcoin
$68,030.58+1.68%
Ethereum
$3,345.32+2.30%
Binance Coin
$585.64+1.72%
Solana
$177.96+3.80%
XRP
$0.59159119+2.36%
Dogecoin
$0.18584537+7.87%
Cardano
$0.58464299+2.45%
Toncoin
$5.44+4.63%
Avalanche
$47.61+6.10%
Shiba Inu
$0.00002746+3.49%
Bitcoin Cash
$709.35+2.96%
Polkadot
$8.49+3.16%
Crypto PricesCoinDesk 20 Index
Technology
Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC
The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents," according to the company.
By Sam Kessler
Apr 4, 2024 at 2:00 p.m.
Updated Apr 4, 2024 at 2:30 p.m.
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
Ripple, the enterprise-focused blockchain service and creator of the XRP Ledger, is introducing its own stablecoin pegged to the price of the U.S. dollar.
"The stablecoin market is over $150 billion today and is forecasted to exceed $2.8 trillion by 2028," Ripple said in a statement shared with CoinDesk. "There’s clear demand for stablecoins that deliver trust, stability and utility."
The company said the token, which it plans to release "later this year," will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents." The stablecoin will be deployed onto Ripple's institution-focused XRP Ledger along with the Ethereum blockchain to start out, and it will be based on Ethereum's ERC-20 token standard.
By Sam Kessler
Crypto PricesCoinDesk 20 Index
TV & VideosNewslettersPodcastsConsensus MagazineLearnBitcoin CalculatorConsensusWebinarsIndicesAbout
MarketsFinanceTechnologyProtocol VillagePolicyCoinDesk Studios
Thought LeadershipSponsored ResearchPress ReleaseAdvertise
Language
Upcoming Events
The Consensus Agenda is Out Now!
Bitcoin
$68,030.58+1.68%
Ethereum
$3,345.32+2.30%
Binance Coin
$585.64+1.72%
Solana
$177.96+3.80%
XRP
$0.59159119+2.36%
Dogecoin
$0.18584537+7.87%
Cardano
$0.58464299+2.45%
Toncoin
$5.44+4.63%
Avalanche
$47.61+6.10%
Shiba Inu
$0.00002746+3.49%
Bitcoin Cash
$709.35+2.96%
Polkadot
$8.49+3.16%
Crypto PricesCoinDesk 20 Index
Technology
Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC
The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents," according to the company.
By Sam Kessler
Apr 4, 2024 at 2:00 p.m.
Updated Apr 4, 2024 at 2:30 p.m.
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
Ripple, the enterprise-focused blockchain service and creator of the XRP Ledger, is introducing its own stablecoin pegged to the price of the U.S. dollar.
"The stablecoin market is over $150 billion today and is forecasted to exceed $2.8 trillion by 2028," Ripple said in a statement shared with CoinDesk. "There’s clear demand for stablecoins that deliver trust, stability and utility."
The company said the token, which it plans to release "later this year," will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents." The stablecoin will be deployed onto Ripple's institution-focused XRP Ledger along with the Ethereum blockchain to start out, and it will be based on Ethereum's ERC-20 token standard.
Fantom Supply On Exchanges See Drastic Increase, A Cause For Alarm?
The Fantom (FTM) supply on exchanges has been rising in recent times, leading to speculations for what this might mean for the price of the cryptocurrency. Going by trends in the crypto market of when the exchange balances of a particular coin goes up, there might be some pain ahead for FTM investors.
Fantom Supply On Exchanges Rise By 16 Million
The Fantom price had increased over the last month to reach a new three-year high above $1.2. However, this rally was only short-lived and the altcoin has begun to eliminate its gains from the month of March gradually in the past week.
Related Reading: Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible
One culprit for this decline in price is the high level of selling that have been taken place among FTM holders, majority of which have been holding their coins for a rather long time. As a result, the available supply of Fantom on centralized exchanges continued to balloon as investors rush to sell off their tokens and capitalize on gains.
Data from the on-chain tracking website Santiment shows that in the last week of March, there was a considerable number of FTM flowing into centralized exchanges. This saw their available balance go from around 654 million to over 670 million in the space of a week, with over 16 million flowing into exchanges.
This inflow trend coincides with the drop in the Fantom price from above $1.1 to $0.84, suggesting that it is indeed the selling pressure from these FTM investors that is responsible for the price decline. Given this, there would have to be a reversal in this selling trend is the FTM price is to recover from here.
Bullishness On FTM Not Dead
The inflow of millions of FTM into centralized exchanges is bearish, but this could only last for the short term. As a rule of crypto, eventually, these sellers will run out of coins to sell, leaving room for demand to catch up with the available supply. At this point, the FTM price will begin to see a reversal in the trend.
The Fantom (FTM) supply on exchanges has been rising in recent times, leading to speculations for what this might mean for the price of the cryptocurrency. Going by trends in the crypto market of when the exchange balances of a particular coin goes up, there might be some pain ahead for FTM investors.
Fantom Supply On Exchanges Rise By 16 Million
The Fantom price had increased over the last month to reach a new three-year high above $1.2. However, this rally was only short-lived and the altcoin has begun to eliminate its gains from the month of March gradually in the past week.
Related Reading: Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible
One culprit for this decline in price is the high level of selling that have been taken place among FTM holders, majority of which have been holding their coins for a rather long time. As a result, the available supply of Fantom on centralized exchanges continued to balloon as investors rush to sell off their tokens and capitalize on gains.
Data from the on-chain tracking website Santiment shows that in the last week of March, there was a considerable number of FTM flowing into centralized exchanges. This saw their available balance go from around 654 million to over 670 million in the space of a week, with over 16 million flowing into exchanges.
This inflow trend coincides with the drop in the Fantom price from above $1.1 to $0.84, suggesting that it is indeed the selling pressure from these FTM investors that is responsible for the price decline. Given this, there would have to be a reversal in this selling trend is the FTM price is to recover from here.
Bullishness On FTM Not Dead
The inflow of millions of FTM into centralized exchanges is bearish, but this could only last for the short term. As a rule of crypto, eventually, these sellers will run out of coins to sell, leaving room for demand to catch up with the available supply. At this point, the FTM price will begin to see a reversal in the trend.
XRP price-to-sales ratio double that of Nvidia
The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.
The XRP token’s price-to-sales ratio is nearly double that of Nvidia, one of the most traded stocks on the market.
The XRP
XRP

$0.63
token has a price-to-sale ratio of 61.689, while Nvidia has a price-to-sales ratio of 37. This ratio is calculated by dividing a company’s market capitalization by the company’s revenue or total sales over the past 12 months. The lower the ratio, the more attractive the investment.
Ripple’s XRP ledger generated over $583,000 worth of network fees in 2023, according to Messari. In comparison, Nvidia generated $26.97 billion in revenue during 2023, according to its 2023 fiscal report.
The XRP token rose 0.15% in the 24 hours up to 10:30 am UTC, to $0.6205, with a $34 billion market capitalization, according to CoinMarketCap data.
Nvidia shares were down 0.49% in pre-market trading to $898.25, according to Yahoo Finance data.
Nvidia is the world’s largest semiconductor chip manufacturer and the third-largest company in the world, with a market capitalization of $2.25 trillion.
The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.
The XRP token’s price-to-sales ratio is nearly double that of Nvidia, one of the most traded stocks on the market.
The XRP
XRP

$0.63
token has a price-to-sale ratio of 61.689, while Nvidia has a price-to-sales ratio of 37. This ratio is calculated by dividing a company’s market capitalization by the company’s revenue or total sales over the past 12 months. The lower the ratio, the more attractive the investment.
Ripple’s XRP ledger generated over $583,000 worth of network fees in 2023, according to Messari. In comparison, Nvidia generated $26.97 billion in revenue during 2023, according to its 2023 fiscal report.
The XRP token rose 0.15% in the 24 hours up to 10:30 am UTC, to $0.6205, with a $34 billion market capitalization, according to CoinMarketCap data.
Nvidia shares were down 0.49% in pre-market trading to $898.25, according to Yahoo Finance data.
Nvidia is the world’s largest semiconductor chip manufacturer and the third-largest company in the world, with a market capitalization of $2.25 trillion.
TOKENFI TOKEN LAUNCHER IS LIVE ON MAINNET
IT’S OFFICIAL!
TokenFi Token Launcher is live on the mainnet of five top EVM blockchains: Ethereum, BNB Chain, Base, Arbitrum, and opBNB.
With TokenFi Token Launcher, ANYONE can create a fungible crypto token (ERC-20), NFT (ERC-721), or Multi-Token (ERC-1155) in just a few clicks, regardless of their crypto experience.
The TokenFi platform and framework has been thoroughly audited and is being monitored in real-time by industry-leading blockchain security auditor Certik. This means that the tokens you create with TokenFi are safe and audited.
TokenFi Token Launcher is powered by $TOKEN as its main utility token, and every successful transaction on the Ethereum and BNB blockchains buys and burns $TOKEN, enhancing its utility and making it perpetually deflationary as adoption of the platform grows.
TokenFi Token Launcher aims to be the dominant token creation platform on EVM blockchains, and to this effect, we will be rolling out the platform on dozens of additional EVM blockchains in the coming weeks and months.
TokenFi Token Launcher aims to be the dominant token creation platform on EVM blockchains, and to this effect, we will be rolling out the platform on dozens of additional EVM blockchains in the coming weeks and months.
You can learn more about TokenFi Token Launcher here: tokenfi.com/token-launcher
IT’S OFFICIAL!
TokenFi Token Launcher is live on the mainnet of five top EVM blockchains: Ethereum, BNB Chain, Base, Arbitrum, and opBNB.
With TokenFi Token Launcher, ANYONE can create a fungible crypto token (ERC-20), NFT (ERC-721), or Multi-Token (ERC-1155) in just a few clicks, regardless of their crypto experience.
The TokenFi platform and framework has been thoroughly audited and is being monitored in real-time by industry-leading blockchain security auditor Certik. This means that the tokens you create with TokenFi are safe and audited.
TokenFi Token Launcher is powered by $TOKEN as its main utility token, and every successful transaction on the Ethereum and BNB blockchains buys and burns $TOKEN, enhancing its utility and making it perpetually deflationary as adoption of the platform grows.
TokenFi Token Launcher aims to be the dominant token creation platform on EVM blockchains, and to this effect, we will be rolling out the platform on dozens of additional EVM blockchains in the coming weeks and months.
TokenFi Token Launcher aims to be the dominant token creation platform on EVM blockchains, and to this effect, we will be rolling out the platform on dozens of additional EVM blockchains in the coming weeks and months.
You can learn more about TokenFi Token Launcher here: tokenfi.com/token-launcher
Bitcoin Is Back Above $71,000. What Developments Are Worth Paying Attention To?
Bitcoin retook $71,000 Monday for the first time in about 10 days, crypto-linked stocks including Coinbase and MicroStrategy also spiked Monday, gaining 9% and 22%, respectively.
Behind Bitcoin's back above $71,000, which developments should we keep an eye on?
Crypto funds mark biggest outflows on record last week
Global crypto funds took a sharp downturn last week as investors pulled out $942 million - the most on record, according to CoinShares. This broke what had been a record seven-week string of inflows of $12.3 billion.
Last week's outflow came alongside downside volatility in the price of bitcoin, which tumbled below $61,000 from $73,000 just days earlier.
“We believe the recent price correction led to hesitancy from investors, leading to much lower inflows into new ETF issuers in the US, which saw $1.1 billion inflows, partially offsetting incumbent Grayscale’s significant $2 billion outflows last week,” James Butterfill, head of research at CoinShares, wrote in the report.
Bitcoin erupts higher in epic futures short squeeze
According to ZeroHedge, the latest week saw the largest Bitcoin CME non-commercial futures shorting/selling since last October.
addition, Goldman's Futures desk observed record after record in bitcoin futures: indeed, as prices hit a record high above $73k, total open interest did as well this week above 33k contracts outstanding or nearly $12bn, as "the total number of organizations holding the contract is at a near-record also."
Moreover, Goldman noted that institutional net long and hedge fund net short lengths are at record levels, and the concentration of longs – the percentage of total open interest held by the top 4 net long traders at nearly 60% – is well above average levels.
Bitcoin retook $71,000 Monday for the first time in about 10 days, crypto-linked stocks including Coinbase and MicroStrategy also spiked Monday, gaining 9% and 22%, respectively.
Behind Bitcoin's back above $71,000, which developments should we keep an eye on?
Crypto funds mark biggest outflows on record last week
Global crypto funds took a sharp downturn last week as investors pulled out $942 million - the most on record, according to CoinShares. This broke what had been a record seven-week string of inflows of $12.3 billion.
Last week's outflow came alongside downside volatility in the price of bitcoin, which tumbled below $61,000 from $73,000 just days earlier.
“We believe the recent price correction led to hesitancy from investors, leading to much lower inflows into new ETF issuers in the US, which saw $1.1 billion inflows, partially offsetting incumbent Grayscale’s significant $2 billion outflows last week,” James Butterfill, head of research at CoinShares, wrote in the report.
Bitcoin erupts higher in epic futures short squeeze
According to ZeroHedge, the latest week saw the largest Bitcoin CME non-commercial futures shorting/selling since last October.
addition, Goldman's Futures desk observed record after record in bitcoin futures: indeed, as prices hit a record high above $73k, total open interest did as well this week above 33k contracts outstanding or nearly $12bn, as "the total number of organizations holding the contract is at a near-record also."
Moreover, Goldman noted that institutional net long and hedge fund net short lengths are at record levels, and the concentration of longs – the percentage of total open interest held by the top 4 net long traders at nearly 60% – is well above average levels.
$55.26 MILLION+ IN $FLOKI BURNED SO FAR IN MARCH THROUGH STRONG UTILITY DEMAND
A total of 214,774,104,953 $FLOKI tokens, worth $55,261,377.2 at the time of writing, have been burned so far in March.
That's more burns than $DOGE, $SHIB, $PEPE, $WIF, $BONK and other top #memecoins combined!
These burns are happening through a combination of Floki's utility products and a DAO-approved burn.
We expect these burns to ACCELERATE with the launch of more #Floki products later this year and as strong momentum for Floki continues.
These utility-driven burns automatically remove $FLOKI from circulation as demand and use of Floki products increase, and they will continue well into the future as adoption of Floki products increases.
Specifically, these burns are driven by two key Floki products:
1. The Floki Staking program, which has a 5 - 20% early unstake penalty fee in the form of $FLOKI , which is burnt whenever a Floki staker unstake earlier than the due date.
2. The FlokiFi Locker DeFi protocol, which buys/burns $FLOKI whenever it is used on the ETH and BNB chains.
In addition, we have several exciting products coming later this year, such as the "Floki Trading Bot," which will aggressively accelerate $FLOKI burns.
We've also kickstarted aggressive marketing campaigns to help accelerate the adoption of Floki products and introduce Floki to billions of new users as we work towards our goal of becoming the world's most known and most used cryptocurrency.
A total of 214,774,104,953 $FLOKI tokens, worth $55,261,377.2 at the time of writing, have been burned so far in March.
That's more burns than $DOGE, $SHIB, $PEPE, $WIF, $BONK and other top #memecoins combined!
These burns are happening through a combination of Floki's utility products and a DAO-approved burn.
We expect these burns to ACCELERATE with the launch of more #Floki products later this year and as strong momentum for Floki continues.
These utility-driven burns automatically remove $FLOKI from circulation as demand and use of Floki products increase, and they will continue well into the future as adoption of Floki products increases.
Specifically, these burns are driven by two key Floki products:
1. The Floki Staking program, which has a 5 - 20% early unstake penalty fee in the form of $FLOKI , which is burnt whenever a Floki staker unstake earlier than the due date.
2. The FlokiFi Locker DeFi protocol, which buys/burns $FLOKI whenever it is used on the ETH and BNB chains.
In addition, we have several exciting products coming later this year, such as the "Floki Trading Bot," which will aggressively accelerate $FLOKI burns.
We've also kickstarted aggressive marketing campaigns to help accelerate the adoption of Floki products and introduce Floki to billions of new users as we work towards our goal of becoming the world's most known and most used cryptocurrency.
Bitcoin Falls Below $65,000; Ondo, Solana Among Top Losers
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $65,000 level on Friday.
Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $3,500 mark this morning.
Fantom (CRYPTO: FTM) was the top gainer over the prior 24 hours, while Ondo (CRYPTO: ONDO) turned out to be the biggest loser.
At the time of writing, the global crypto market cap fell to $2.46 trillion, recording a 24-hour decline of 3.3%. BTC was trading lower by 4% at $64,523 while ETH fell by around 3.5% to $3,417 on Friday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers
Fantom (CRYPTO: FTM)
Price: $1.19
24-hour gain: 13%
Internet Computer (CRYPTO: ICP)
Price: $13.33
24-hour gain: 7.2%
Aptos (CRYPTO: APT)
Price: $15.99
24-hour gain: 5.9%
Ronin (CRYPTO: RON)
Price: $4.03
24-hour gain: 5.4%
Kaspa (CRYPTO: KAS)
Price: $0.1536
24-hour gain: 4.7%
Losers
Ondo (CRYPTO: ONDO)
Price: $0.7165
24-hour drop: 10.2%
Solana (CRYPTO: SOL)
Price: $172.88
24-hour drop: 9.1%
Bittensor (CRYPTO: TAO)
Price: $585.43
24-hour drop: 9.1%
Jupiter (CRYPTO: JUP)
Price: $1.19
24-hour drop: 8.7%
Pepe (CRYPTO: PEPE)
Price: $0.000007534
24-hour drop: 8.5%
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $65,000 level on Friday.
Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $3,500 mark this morning.
Fantom (CRYPTO: FTM) was the top gainer over the prior 24 hours, while Ondo (CRYPTO: ONDO) turned out to be the biggest loser.
At the time of writing, the global crypto market cap fell to $2.46 trillion, recording a 24-hour decline of 3.3%. BTC was trading lower by 4% at $64,523 while ETH fell by around 3.5% to $3,417 on Friday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers
Fantom (CRYPTO: FTM)
Price: $1.19
24-hour gain: 13%
Internet Computer (CRYPTO: ICP)
Price: $13.33
24-hour gain: 7.2%
Aptos (CRYPTO: APT)
Price: $15.99
24-hour gain: 5.9%
Ronin (CRYPTO: RON)
Price: $4.03
24-hour gain: 5.4%
Kaspa (CRYPTO: KAS)
Price: $0.1536
24-hour gain: 4.7%
Losers
Ondo (CRYPTO: ONDO)
Price: $0.7165
24-hour drop: 10.2%
Solana (CRYPTO: SOL)
Price: $172.88
24-hour drop: 9.1%
Bittensor (CRYPTO: TAO)
Price: $585.43
24-hour drop: 9.1%
Jupiter (CRYPTO: JUP)
Price: $1.19
24-hour drop: 8.7%
Pepe (CRYPTO: PEPE)
Price: $0.000007534
24-hour drop: 8.5%
