According to BlockBeats, data from Coinglass on April 28 reveals that the Grayscale Ethereum (ETH) Trust (ETHE) and Ethereum Classic (ETC) Trust are currently experiencing negative premium rates of 24.78% and 38.72% respectively. This is a significant increase from previous reports, which showed that the Grayscale ETHE negative premium rate had narrowed to 8.17% on March 9. The current negative premium rates indicate a decrease in demand for these trusts, which could potentially impact their market value. However, it is important to note that these rates are subject to change based on market conditions and investor sentiment.

On Apr 28, 2024, 11:02 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,300 USDT and is now trading at 3,298.889893 USDT, with a narrowed 5.86% increase in 24 hours.

ETH is approaching a crucial resistance level at $3,400, with potential implications for a move towards $3,500.

The emergence of a “higher low” pattern suggests a possible shift away from bearish sentiment in Ethereum’s market.

CoinCodex’s Ethereum price prediction anticipates a 2.66% rise to $3,235.84 by May 27, 2024.

Ethereum (ETH) investors are eyeing a significant milestone on the horizon as the cryptocurrency approaches a crucial resistance level. Analysts are closely monitoring ETH’s movements as it inches closer to the $3,400 mark, a key barrier that, if breached, could signal a clear path toward $3,500.

This impending challenge comes amidst a backdrop of promising developments in Ethereum’s market dynamics. Observers have noted a pattern known as the “higher low” on the price chart, indicating a potential shift away from bearish sentiment. This pattern suggests that despite periodic dips, Ethereum’s price is managing to stay above previous lows, hinting at underlying strength in its market trend.

Beyond the immediate resistance levels, Ethereum’s trajectory is also being shaped by broader market sentiment and technical indicators. CoinCodex’s current Ethereum price prediction suggests a modest yet optimistic 2.66% rise in ETH’s value, with a projected price of $3,235.84 by May 27, 2024. The Fear & Greed Index, standing at 67, reflects a prevailing sentiment of greed among investors, further fueling optimism for Ethereum’s prospects.

As Ethereum navigates these critical junctures, the formation of a strong trendline supported by increasing trading volumes could serve as a catalyst for continued upward movement. However, the sustainability of this bullish phase hinges on maintaining positive sentiment in the market and consistent trading activity in the days ahead.

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Cardano’s Latest Updates Propel ADA to New Heights!

The post Ethereum Eyes $3,400: Breakthrough Could Propel Towards $3,500+ appeared first on Crypto News Land.

Ethereum (ETH) prices have been downward since the start of the week, with the second-largest cryptocurrency failing to latch onto Bitcoin’s (BTC) resurgence.According to on-chain data, ETH’s outlook appears grim, with the asset failing to break from the $3,300 resistant level. Presently, ETH trades at the $3,155 mark, but technical analysts are pointing to a bear breakout formation on the charts.

Over the last 24 hours, losses have stood at just under 1% as enthusiasts watch with bated breath the direction of prices for the asset. As bulls and bears prepare for a showdown in the coming days, the path of least resistance is a downward price movement.

In the event that bears have the upper hand, prices are expected to slump below the $3,000 mark, matching the expectation of short sellers. With prices of sub-$3,000, a new wave of investments could pour into the asset, catalyzing a new price rally with traders urged to brace for impact in the short term.

For now, 24-hour trading volume is pegged at $13 billion, and an increase in activity is often construed as an attempt to reject bearish sentiments.

Bulls are banking on a swathe of positives to wrest a measure of control for themselves, citing the rising levels of interest in Ethereum and its layer 2 solutions. On-chain data indicates that over 10 million wallets interact with the Ethereum base layer and its L2 platforms each week, a strong growth indicator.Cathie Wood of Ark Invest’s recent comments concerning Ethereum have left enthusiasts brimming with optimism. In mid-April, Ark Invest held its Big Ideas event, during which the firm’s CEO asserted that Ethereum could clinch a market capitalization of $20 trillion by 2032, giving it a unit price of $166,000 at the turn of the decade.

Although Woods’ predictions are far off into the future, the claims bumped up ETH price in the near term, cancelling out previous losses amid a correction.

Grim sentiments from the SEC

ETH’s price buckled under the weight of a Reuters report hinting at the US Securities and Exchange Commission’s wholesale rejection of spot ether ETFs.

According to the report, the SEC will withhold its approvals for ETF applications from VanEck and ARK Investment Management. Unnamed sources cite the regulator’s stance in recent meetings with both issuers.

According to the sources, the SEC failed to indicate areas of concern with their applications, opting for a laid approach, which pundits say could be construed as a potential rejection.

“It seems more likely that approval will be delayed until later in 2024, or longer,” said one expert. “The regulatory picture still seems cloudy.”

On Apr 28, 2024, 02:52 AM (UTC). According to Binance Market Data, Ethereum (ETH) has crossed the 3,300 USDT benchmark and is now trading at 3,312.870117 USDT, with a 6.17% increase in 24 hours.

Arbitrum (ARB) and Optimism (OP) have showcased notable surges in their prices today. These increases are driven by several key factors, including market sentiment, technical indicators, and developments in their underlying technology.

Price Surge in Detail

Today, Arbitrum’s price stands at $1.15, reflecting a 9.45% increase, while Optimism has climbed to $2.65, marking a 14.71% rise, according to data from CoinmarketCap. Both platforms are Ethereum rollups, focusing on enhancing transaction efficiency at reduced costs by processing batches of transactions off-chain before finalizing them on Ethereum.

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Show more +Show less – Technical Analysis and Market Sentiment

The positive price movements in ARB are illustrated by two green candlesticks on its daily chart, signaling a potential reversal from previous declines. Additionally, the Relative Strength Index (RSI) for Arbitrum is currently at 41, signaling a bearish trend. While there’s potential for a shift favoring bulls in the future, as the RSI slants slighly up, buyers should exercise caution and consider purchasing gradually or in smaller increments until clearer breakout signals emerge.

ARBUDT daily price chart, Source: TradingView

Despite ARB’s price being below the 50-day, 100-day, and 200-day exponential moving averages (EMAs), suggesting long-term bearish momentum, the Moving Average Convergence Divergence (MACD) is above the signal line, hinting at a potential bullish shift in the short term. If ARB manages to surpass the 50 EMA at $1.4203, it may signal the beginning of a potential uptrend in price.

Moreover, on the X platform, influencers and analysts are fueling optimistic projections. Decilizer, an analyst notes, “$OP is looking bullish today. Now, it has validated its support at $2.30 and is inching closer to our next target of $4.62 with significant volume.” 

Furthermore, Micro2Macr0 also highlights, “Layer 2 protocols ($OP , $ARB ) for #Ethereum are starting to take off today, performing much better than their base protocol $ETH.”

Security Enhancements Boost Confidence

Recent developments have further bolstered market confidence in these platforms. Offchain Labs, the team behind Arbitrum, identified and rectified several security issues in a testnet version of Optimism. These fixes were crucial because they addressed vulnerabilities in Optimism’s system that contests potentially fraudulent transactions, which malicious actors could have exploited. The disclosure and resolution of these issues were detailed by Ed Felton, co-founder of Offchain Labs, in a blog post, emphasizing their commitment to security and reliability.

Hence, the combination of positive technical indicators, supportive market sentiments from influential crypto personalities, and proactive security enhancements explains the current uptick in Arbitrum and Optimism prices. 

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The post Arbitrum (ARB) and Optimism (OP) Token Prices Pumping – Here’s Why appeared first on CaptainAltcoin.

According to U.Today, despite the overall growth in the cryptocurrency market capitalization in 2024, several large-cap cryptocurrencies have experienced significant losses since the start of the year. Among the top 100 cryptocurrencies by market capitalization, 37 have seen a decline in their capitalization metrics year-to-date. Starknet (STRK), ORDI (ORDI), and MultiversX (EGLD) were the worst performers, with losses ranging between 40% and 50%.

STRK, the core native cryptocurrency of Starknet, an Ethereum L2, saw 50.33% of its value erased. Other second-layer solutions for Ethereum (ETH) also posted dramatic losses: Optimism's OP lost 38%, Arbitrum's ARB is 31.5% down, while Polygon (MATIC) registered a 27.6% dropdown. However, Chainlink's main token LINK and Internet Computer (ICP) showed resilience with sub-1% losses.

In contrast, the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), posted impressive gains. BTC increased by 48.9% and ETH by 36.4%. The total crypto market cap added 40% in 2024, driven by the long-anticipated approval of spot Bitcoin ETF in the U.S. This led to a new phase of growth in cryptocurrency prices, with the net valuation of cryptocurrency tokens rising from $1.773 billion to $2.467 billion. The metric peaked on March 13 at $2.891 billion.

Bitcoin (BTC) dominance, the ratio of the BTC market cap to the cumulative market cap of cryptocurrencies, was surging during the whole period. After adding over 6.2%, BTC.D exceeded a three-year high and peaked at 57% in mid-April, according to TradingView data.

TLDR:

A whale has accumulated over 237 billion Shiba Inu tokens a few days after Shiba Inu broke out of a symmetrical triangle.

The price of Ethereum Classic has increased by 4.5% in the past week.

Analysts have picked NuggetRush as one of the best gaming tokens to hold after Bitcoin’s halving.

According to recent data, Shiba Inu supporters have been moving their tokens from exchanges as part of their accumulation plans. The latest withdrawal involves a whale that moved 237 billion Shiba Inu tokens. 

Meanwhile, Ethereum Classic’s price has seen a 4.5% increase in the past week. Due to this bullish momentum in the market, analysts have picked a new gaming token, NuggetRush, to see massive gains in the coming weeks. This makes NuggetRush one of the top altcoins to watch right now.

>> Buy NuggetRush Now <<

 

NuggetRush (NUGX): The Best Gaming Token To Buy in 2024

With the latest Bitcoin halving, all eyes have turned to gaming tokens. Top analysts have predicted that gaming tokens are going to see massive gains in the coming months. One of the best gaming tokens to buy now is the new token NuggetRush (NUGX). 

The NuggetRush platform blends blockchain with play-to-earn mechanics in its gaming ecosystem, which has a mining game and an NFT marketplace. This gaming platform and NFT marketplace provide multiple avenues for players to earn passive income by mining minerals and selling them. 

While exploring lands for minerals, they can earn in-game assets and trending NFTs, all of which are tradable on NuggetRush’s NFT marketplace. Another way players can earn more passive income is by staking these NFTs on NuggetRush’s staking protocol. 

The staking protocol offers up to 20% APY for stakers. However, players need the NUGX token to enjoy these features. The token is listed on Uniswap at $0.020 and has been predicted to see 50x gains afterward, making it a good crypto to buy. 

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Shiba Inu (SHIB); Whale Purchases 237B SHIB, Anticipates Price Surge

According to recent data from Ethereum blockchain explorer Etherscan, an unknown whale has accumulated over 237 billion Shiba Inu tokens. The whale purchased the 237,868,630,126 SHIB on April 22 at 10:31 PM (UTC). Meanwhile, this trend comes as Shiba Inu supporters move large amounts of SHIB tokens from exchanges.

According to CryptoQuant, exchange reserves have declined to 150.7 trillion SHIB. Also, this trend coincides with Shiba Inu’s breakout from a month-long symmetrical triangle. Crypto analyst Ak47, who reacted to the breakout, predicted Shiba Inu’s price to rally to $0.00003946.

 

Ethereum Classic (ETC) Price Soars 4.5% Amid Fluctuations

Over the last few weeks, Ethereum Classic (ETC) has suffered significant price fluctuations. However, following the Bitcoin halving, the value of Ethereum Classic recorded a major price surge, going as high as $28.12.

Despite the consequent losses the following day, the coin returned to the bullish end of the crypto market, crossing $28.53. Although the price of ETH continues to fluctuate, the altcoin price has appreciated by 4.5% over the last week. Analysts have seen a possibility of the price spiking above the $30.00 level in the next few days.

 

Conclusion

The current bullish activity of the crypto market, and its upcoming launch gives NuggetRush an edge over other coins as the best crypto investment choice for gamers and investors. An analyst predicts that there is a market pump coming for gaming tokens, and NuggetRush is analysts’ best pick for huge gains.

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The post Whales Buy 237B SHIB, Ethereum Classic Rises, Analysts Pick New Gaming Token for Massive Gains appeared first on BitcoinWorld.

Coined in 2009 as a decentralized digital currency, #Bitcoin has now become the dominant cryptocurrency.

Ethereum: Approval of the spot #Ethereum ETF has been delayed by the SEC, although it is expected to be approved soon.

You may use cutting-edge technology and the #NULS platform's blockchain knowledge to create a product that dominates your industry.

Bitcoin

In 2009, Satoshi Nakamoto published a white paper describing Bitcoin, a decentralized currency that does not rely on conventional markets or central banks for its operations. Many early Bitcoin investors and aficionados found this appealing since Bitcoin emerged during the Great Recession. Due to the low price (less than a cent), only those with a genuine understanding of the objective could afford to trade.

Bitcoin is become a hot topic in the mainstream. From a low of $4,000 in 2021 to its current all-time high of $73,000, Bitcoin has gone a long way. Bitcoin has stuck to its original structure even during times of doubt, when splits were almost implemented.

Experts' forecasts for Bitcoin's value range greatly. According to Ark Invest's Cathie Wood, Bitcoin might reach $1 million in the near future, with a projection of $1.48 million by 2030. Nicholas Sciberras, an analyst, points out that Bitcoin's value has risen from a penny to almost $63,000 in April 2024, demonstrating the amazing growth of the cryptocurrency and the possibility of even greater gains.

Many see Bitcoin's promise as a solution to the problems caused by the insecurity of conventional financial institutions. This token may have a lot more space to go if problems with the US economy, including the increasing talk of stagflation, intensify. After this halving, there could be additional opportunity for upside due to its fixed supply and soaring demand.

Ethereum

Proposed Ethereum ETFs before regulators are Ethereum's most important forthcoming catalyst. Sadly, the Securities and Exchange Commission (SEC) will not be making a ruling until June 11. With the addition of a cash redemption scheme consistent with other Bitcoin ETFs, BlackRock has amended its ETF proposal and is now requesting public feedback from the SEC.

In spite of January's approval of spot Bitcoin ETFs, the SEC has maintained its prudence over cryptocurrency ETFs. Giving investors a regulated trading alternative, these Bitcoin ETFs that were introduced previously garnered a total net inflow of $12.42 billion. The second-largest cryptocurrency, Ethereum, might soon be accessible via exchange-traded funds (ETFs), paving the way for the mainstream use of digital assets.

Once the time comes for approval, there will definitely be a tremendous amount of institutional demand for spot Ethereum ETFs. On its own, I believe this trigger may propel Ethereum to new heights in the next year, and the underlying network effects brought about by Ethereum's status as the backbone of decentralized finance should ensure its continued ascent in the years to come.

NULS

To facilitate decentralized, user-defined networks, Nuls is a flexible blockchain platform. Nuls is a great platform for companies who want to use smart contracts and blockchain technology since it is flexible and can be adjusted to different needs.

The microkernel and modular nodes are the two primary parts of the Nuls platform. Core network operations, such as asset management and consensus processes, are provided by the microkernel. By providing user-specific solutions, the modular nodes make it possible to scale the platform to meet user demands.

NULS's ChainBox is a cutting-edge blockchain platform that was created to help businesses efficiently use blockchain technology. It uses smart contracts and cross-chain technologies to let businesses and developers build blockchain ecosystems and decentralized apps (DApps).

Facilitating contact between chains is a critical capability of ChainBox. This eliminates the requirement for a third party middleman and enables interoperability across various blockchains on the platform. Enterprises and developers alike benefit from this method's increased scalability and adaptability as they construct intricate decentralized systems that run on several blockchains.

Tokens like NULS make it easier to do things like stake and regulate the network. As an added bonus, it may be used to compensate those who have helped with the creation and maintenance of the network.

$BTC $ETH $NULS

According to PANews, James Fickel, the founder of Amaranth Foundation, has reportedly invested 10 million USDC to purchase 3042.8 ETH at an average price of $3,286. This transaction occurred 40 minutes prior to the report. In addition to this, Fickel borrowed 20 WBTC from Aave, a decentralized finance protocol. It is anticipated that he will continue to sell the borrowed WBTC in exchange for ETH, thereby increasing his holdings in ETH/BTC.

Since the beginning of this year, Fickel has borrowed a total of 2,301 WBTC, equivalent to $145M, from Aave and then sold it to acquire 41,944 ETH. The cost of the ETH/BTC exchange rate was approximately 0.055. Since yesterday, the ETH/BTC exchange rate has rebounded from 0.049 to 0.052. This suggests that Fickel's strategy may be to leverage the fluctuating exchange rate to increase his ETH holdings.

Today, the price of Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a slight decline as it inches closer to the $3,000 mark.

ETH witnessed a low of $3,071 before undergoing a modest recovery, with the current trading price settling at $3,114. Notably, Ethereum continues to show a 1% loss in value at press time.

Recent on-chain reports have unveiled intriguing transactions involving significant amounts of ETH. Address 0x4E8…fA555 initiated a transfer of 8,150 ETH, valued at $25.64 million, to a Galaxy Digital OTC address, raising suspicions of a commissioned sale.

9,150 ETH Potential Relation With Recent Whale Transaction

This transaction comes on the heels of a similar move a month ago when the same whale transferred 9,150 ETH to the OTC address. Galaxy Digital subsequently deposited the ETH into Coinbase in batches, leading to speculations of a shipment. The opening cost of ETH at this address was approximately $3,371, with the suspected loss from the sold portion estimated at $2.53 million.

Adding to the intrigue, a fresh wallet, suspected to belong to Justin Sun, withdrew a substantial amount of USDT and ETH from Binance today. The transaction mirrors previous behavior observed from two wallets that withdrew large quantities of ETH and stablecoins from Binance.

Did #JustinSun change a new wallet?

A fresh wallet withdrew 95.67M $USDT and 7,402 $ETH ($23.3M) from #Binance today.

This is similar to the previous transaction behavior of 2 wallets that withdrew large amounts of $ETH and stablecoins from #Binance.https://t.co/qBsVs3jbnd pic.twitter.com/Gqvd9mStBn

— Lookonchain (@lookonchain) April 27, 2024

These on-chain activities have drawn the attention of crypto enthusiasts and investors, prompting speculation and analysis regarding their potential implications for Ethereum’s market dynamics. As traders continue to monitor Ethereum’s price movements, the intricacies of on-chain transactions provide valuable insights into the evolving landscape of the cryptocurrency market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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The post Ethereum Price Sees Slight Decline As On-Chain Transactions Draw Attention appeared first on The Merkle News.

Just before Ethereum embarked on its surge, driven by the listing of the Franklin Templeton ETH ETF on the DTCC ETF list, it experienced a notable price uptick. This surge was foreshadowed by three substantial ETH withdrawals from Binance, executed by three fresh whales. These withdrawals, totaling 11,557 ETH, marked a significant event as it was the first time such a sizable amount had been withdrawn from the exchange. At the time of withdrawal, the total value amounted to approximately $36M.

Before the $ETH price went up due to the addition of Franklin Templeton ETH ETF to the DTCC #ETF list, 3 new whales withdrew 11,557 $ETH ($36M) from #Binance for the first time at ~$3,116.Now, these whales are making $1.76M (+5%) in unrealized profits.Is it just luck or are… pic.twitter.com/bIxA7qT0SD

— Spot On Chain (@spotonchain) April 28, 2024

Ethereum Whales Gain $1.76M Profit After Binance Withdrawal

After the withdrawal, the value of Ethereum appreciated, and the new whales are now in possession of unrealized profits amounting to $1.76 million, or a gain of 5%. This information is sourced from Spot on Chain, a platform that tracks on-chain information and offers a concise and clear view of access and whale decisions.

The withdrawal of the over 11,000 ETH from Binance in this case could trigger an increased interest by investors and commentators on the movement of the crypto amounts by the whales.

Whales’ Timely Ethereum Withdrawals Precede Price Surge and Unrealized Profits

The timing of these withdrawals aligned with the inclusion of the Franklin Templeton ETH ETF into the DTCC ETF list, giving an idea that the whales in question could be expecting an Ethereum price surge. In this case, the ETF listing news could have acted as a buying trigger, leading to increased demand.

Consequently, due to the subsequent surge of Ethereum’s price following the news about the ETF, these whales are now holding considerable unrealized profits. The example with these whales and the profits they made, therefore, reaffirm the Ethereum’s dynamic nature of the cryptocurrency market and the ability for considerable profits for smart investors. Monitoring whale activity and trends can help investors make informed decisions on how to enter the cryptocurrency space.

According to U.Today, Josh Olszewicz, a renowned cryptocurrency trader, has identified a Tenkan/Kijun crossover on Bitcoin's daily chart, which could potentially signal the onset of a bearish trend. The Tenkan Sen is calculated by dividing the highest high and the lowest low in price over the past nine periods. This line often acts as a short-term support level during an uptrend, suggesting that the price might find some buying interest at this point. Conversely, it can also serve as a short-term resistance level if a particular asset is in a downtrend.

The Kijun Sen, also known as the base line, is determined by adding the highest high and the lowest low over the past 27 periods and dividing this sum by two. This base line can function as a medium-term support level. The relationship between these two lines could offer crucial signals to traders about the current market condition. The Tenkan Sen crossing below the Kijun Sen is generally viewed as a bearish indicator, as it suggests that the market is yielding to bearish pressure.

However, this signal may not necessarily spell the end for the bullish trend, as the crossover occurred below the Ichimoku cloud. At the time of reporting, Bitcoin is trading at $63,645, according to data from CoinGecko. It's worth noting that Bitcoin is currently underperforming against Ethereum, which has seen a surge of approximately 6% in the last 24 hours.

In a controversial report, Forbes unveiled a list of 20 “crypto billion-dollar zombies,” Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.” 

These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others. 

XRP And Ethereum Classic In The Spotlight

Ripple Labs, the company behind XRP, was highlighted as a prominent crypto zombie. Despite XRP’s active trading volume of around $2 billion daily, Forbes asserts that the token’s primary purpose remains “speculative” and “lacking meaningful utility.” 

However, Ripple Labs and XRP are not alone in this regard. Forbes reveals that 50 blockchains, excluding Bitcoin (BTC) and Ethereum (ETH), currently trade at values surpassing $1 billion, with at least 20 of them classified as “functional zombies.” Collectively, these 20 blockchains hold a market value of $116 billion, despite having “limited user bases.”

The top 20 crypto “zombie” projects according to Forbes. Source: DeFi Ignas on X

According to Forbes, an example of a “functional zombie” is Ethereum Classic, which maintains the distinction of being the original Ethereum chain. 

While ETC has a market value of $4.6 billion, its fee generation in 2023 was less than $41,000, raising questions about the blockchain’s viability for the news organization.

Another crypto project in Forbes’ report is Tezos, which raised $230 million through an initial coin offering (ICO) in 2017. 

Tezos’ XTZ token currently holds a market capitalization of $1.2 billion. However, the blockchain’s fee earnings were meager, with $5,640 in February 2024 and a total of $177,653 for all of 2023. 

Algorand, once hailed as an “Ethereum killer” due to its capability of processing 7,500 transactions per second, faces similar challenges. 

Despite a market cap of $2 billion and a treasury holding of $500 million, Algorand earned $63,000 in blockchain transaction fees throughout 2023. For Forbes, this casts doubt on its actual adoption and utility.

Crypto ‘Zombie’ Blockchains

The zombie blockchains are categorized into two groups by Forbes: spin-offs and direct competitors to established blockchains like Bitcoin and Ethereum. 

Spin-off zombies include Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR), Bitcoin SV (BSV), and Ethereum Classic. 

These blockchains, collectively valued at $23 billion, reportedly emerged from “disagreements” among programmers regarding the governance and direction of the original chains. 

Forbes notes that when such conflicts arise, hard forks occur, resulting in new networks that share the same transaction history as their predecessors. The agency claims that their market value “often exceeds” their real-world usage.

Overall, The report highlights a growing disparity between the valuations of certain projects in the cryptocurrency industry and their actual utility and usage. Consequently, Forbes refers to these projects as “zombies.”

The daily chart shows the total crypto market cap’s valuation at $2.2 trillion. Source: TOTAL on TradingView.com

Featured image from Shutterstock, chart from TradingView.com 

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Source: NewsBTC.com

The post Forbes Unveils 20 Crypto ‘Zombies,’ Declares Ripple And XRP Among The Undead appeared first on Crypto Breaking News.

This May, Raffle Coin is introducing a monumental growth opportunity, projecting up to 5,000% gains that are drawing significant interest from the Ethereum Classic and Tron communities. These groups, known for their dynamic investment strategies, are keenly aware of the transformative potential such a surge can offer. As Raffle Coin gears up for its presale, the enthusiasm within these communities underscores the high stakes and high rewards that this venture promises.

Ethereum Classic Investors Focus on Time-Tested Growth

Ethereum Classic is currently trading around $26.26 and emerged in 2016 from a split with Ethereum following a hack. Unlike Ethereum, which opted to reverse the hack’s transactions, Ethereum Classic stayed true to the “Code is Law” principle, maintaining the original blockchain. This unwavering commitment to the unaltered codebase sets it apart.

Ethereum Classic stands out further for its adherence to the Proof-of-Work consensus mechanism. This contrasts with Ethereum’s recent switch to Proof-of-Stake with the Merge in September 2022. Ethereum Classic boasts a market cap of $4.13 billion and has seen positive movement recently, with a 6.29% increase over the past week. It also has a capped supply of 210.7 million tokens. The network has also undergone security improvements to address past vulnerabilities.

Tron Enthusiasts Keen on Dynamic Investment Options

Tron is a dynamic blockchain platform priced around $0.113, aimed at transforming the content creation and entertainment sectors. Established in 2017 by Justin Sun, Tron initially debuted on the Ethereum network before transitioning to its proprietary blockchain system.

Tron distinguishes itself through two main features. First, it offers high-speed transactions, capable of processing 2,000 transactions per second. This efficiency comes from its delegated Proof of Stake consensus mechanism, which speeds up transactions and is more energy-efficient than traditional Proof of Work systems.

Secondly, Tron is designed as a decentralized hub for entertainment. It integrates dApps and smart contracts, aiming to forge a decentralized ecosystem for content sharing and entertainment applications.

The Tron community is enthusiastic about supporting projects that boost the blockchain’s utility and entertainment value. They view Raffle Coin’s presale as an exciting investment opportunity with significant growth potential, aligning with their interest in high-stakes, innovative projects that creatively utilize blockchain technology.

Raffle Coin Sets a New Precedent for Growth

With May promising a 5,000% growth opportunity, Raffle Coin is rapidly becoming a rallying point for investors from Ethereum Classic and Tron. This presale is not just an investment; it’s an opportunity to be part of a groundbreaking venture that promises to redefine how blockchain technology is used for financial and entertainment purposes.

Raffle Coin lets you secure your financial future and enjoy luxurious items along the way. It’s built on a foundation of trust with fully locked liquidity and team tokens locked for two years. This ensures your investment stays safe. Meanwhile, the luxury raffles make each investment an opportunity to win something really special, blending great financial choices with the chance to live luxuriously.

Tired of grinding in games with nothing to show for it? Raffle Coin lets you win big while having a blast! The stage one presale offers entry for just $0.020. This innovative platform injects a dose of real-world rewards into your gaming experience. Analysts predict a potential surge of 5,000% as the presale jumps to further stages. Embrace the future of play-to-earn with Raffle Coin and collect valuable prizes while you conquer new levels!

Check out Raffle Coin’s official website and jump on board!

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post May Brings a 5,000% Growth Opportunity with Raffle Coin, Drawing in Ethereum Classic and Tron Supporters appeared first on CaptainAltcoin.

Bitcoin’s new exchange-traded fund (ETF) has debuted in Hong Kong, marking a significant moment for cryptocurrency investors. This move is anticipated to have a ripple effect, propelling various alternative cryptocurrencies to potentially experience substantial increases in value. This article examines several promising contenders that might see a sharp uptick following this event, considering the bullish market tendencies of 2024. Discover which altcoins are poised for a potential surge and why they are worth watching in the current market.

BlastUP Presale Ends in Few Weeks, Last Chance to Buy Cheap

BlastUP presale has sparked avid interest among crypto enthusiasts, reaching $5 million in record low time. Over 12,000 savvy investors have already bought BlastUP tokens before their value skyrockets.

The presale runs until the end of May, so there is some time to boost your crypto holdings with BlastUP, the asset poised for explosive returns of up to 1000%. Currently sold at a few US cents, BlastUP tokens are projected to reach $10 by the end of this year.

Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.

>> Time is Ticking –  Buy $BLP Before May Ends! <<

Bitcoin Market Shows Mixed Signals Amid Volatility

Bitcoin has been experiencing a period of swings between highs and lows recently, with the price moving within a certain range. Some observers might note that it’s positioned closer to the higher end of this spectrum. The market sentiment appears cautious but optimistic, as the coin is not too far off from key levels that could indicate stronger momentum if surpassed.

Considering Bitcoin’s basic nature as a leader in the cryptocurrency space, its behavior often influences the broader market. The current sentiment reflects a balanced mix of caution and optimism, suggesting potential for growth, but also acknowledging the possibility of a downturn. Investors might want to keep an eye on Bitcoin as it continues to navigate through these uncertain times.

Ethereum Price Analysis: A Look at ETH’s Current Market Position

Ethereum’s price has been fluctuating between $2,920 and $3,327.68. This week it’s up by 2.44%, but it has dropped by 12.50% in the past month. Over the past 6 months, ETH has risen by 76.77%. The moves lately seem more corrective, as prices have retreated from higher levels without a clear upward or downward trend forming.

Looking ahead, Ethereum may see some resistance at $3,506.41, with further hurdles around $3,914.08. Support might hold at $2,691.07, or, should it fail, at $2,283.40. While the recent numbers show a lackluster short-term trend, the gains over six months provide a more optimistic outlook. It’s a mixed bag, with cautious optimism tempered by the potential for further corrections.

Solana Price Moves and Current State

The current price range for Solana (SOL) is between $131.62 and $161.13. In the last week, SOL’s price changed by 1.15%, and over the past month, it went down by 24.54%. However, looking back six months, the coin has jumped a huge 354.32%. Currently, Solana’s price seems to be in a corrective phase as it is below the 10-day and 100-day average prices.

Looking ahead, SOL’s nearest resistance is at $173.40, and it might hit $202.92 if the momentum keeps up. The closest support lies at $114.36, with a further drop possibly finding a floor at $84.84. Taking into account the mixed signals from the RSI and MACD, and assuming the coin follows market trends, SOL could see fluctuations but possibly some recovery, as the long-term growth remains strong. Remember that predictions cannot guarantee future prices, and staying informed on market trends is vital.

Conclusion

While the launch of a BTC ETF in Hong Kong has put some spotlight on leading coins like BTC, ETH, and SOL, their short-term growth potential remains comparatively modest. The main focus for growth potential lies with a lesser-known, yet promising project: BlastUP. Thanks to a strong concept and integration with the wider Blast ecosystem, BlastUP stands out as the coin with the highest potential amidst the current market conditions. Its position within a growing network offers it a unique edge that could see its value soar in the near future.

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The post Solana (SOL) and Ethereum (ETH) Signal Uncertainty, While Investors Flock to Furrever Token (FURR): Is It Time to Invest FURR? appeared first on Coinpedia Fintech News

Amidst market uncertainty, an increasing number of investors are turning to newer tokens as alternatives to established cryptocurrencies like Solana (SOL) and Ethereum (ETH). With both SOL and ETH signalling mixed signals, uncertainty looms over their short-term trajectories, prompting investors to explore alternative investment opportunities. Furrever Token (FURR) emerges as a beacon of promise in this landscape, attracting significant attention and investment as traders seek potentially lucrative returns amidst the shifting market dynamics. As FURR garners growing interest, investors are left to ponder whether now is the opportune moment to allocate resources to this emerging token.

Ethereum (ETH) Faces Regulatory Uncertainty Amidst SEC’s ETF Decision

Ethereum (ETH) maintains a price of around $3,141.42, showing a modest increase of nearly 1% since yesterday, but remains at last week’s levels. However, Ethereum’s future is clouded with uncertainty as the cryptocurrency community closely monitors reports surrounding the SEC’s rumored plans to reject spot Ethereum ETF proposals in May. Despite the approval of spot Bitcoin ETFs earlier in 2024 and excitement surrounding the BTC halving, Ethereum’s fate hangs in the balance.

Traders grapple with the potential implications of the SEC’s stance on Ethereum ETFs, which could significantly impact ETH. Recent indications suggest that approval may not be imminent, leading to a rise in bearish sentiment among traders. Ethereum has experienced significant outflows from exchanges, signaling investor confidence in further price appreciation. Prominent analyst Titan of Crypto highlighted a substantial outflow of over 260,000 ETH, equivalent to more than $781 million, from exchanges within the past week.

Furthermore, figures like Justin Sun have been accumulating ETH, with significant withdrawals from exchanges. Analysis indicates an increase in Ethereum’s net deposit on exchanges compared to the previous seven days, suggesting a shift towards selling among investors. However, whale accumulation of Ethereum remains unaffected, with the continued rise in ETH’s supply held by top addresses.

As Ethereum navigates regulatory uncertainty and market fluctuations, investors remain cautious, awaiting clarity on the SEC’s ETF decision and its potential impact on the cryptocurrency’s trajectory.

Solana (SOL) Faces Market Downturn Amidst Strong Fundamentals

Solana (SOL) experiences a 1.7% decline, dropping to $142.85 over the past 24 hours, contrasting with a modest 1.1% increase seen across the cryptocurrency market. Despite SOL’s nearly flat performance last week and a 23.4% loss in value over the past month due to challenging market conditions, the token has shown remarkable growth, with a 534.8% increase in the past year.

Technical indicators suggest the potential for a rebound, with SOL’s 30-day moving average briefly falling below its 200-day average early yesterday, providing a potential buying opportunity. Additionally, Solana’s Relative Strength Index (RSI) is making efforts to recover towards 50, signaling a potential reversal in momentum.

Trading volume remains relatively high, exceeding $4 billion, indicating sustained market interest. Signs of sufficient buying interest suggest potential stabilization and growth.

CoinShares’ report confirms Solana’s position as the second most popular altcoin in terms of total asset value after Ethereum. SOL’s total locked value stands at $3.83 billion, marking significant increases since the beginning of the year and over the past 12 months, driven by rising demand for Solana-based meme coins and NFTs.

Furrever Token (FURR): Capturing Hearts and Portfolios in the Crypto Space

Furrever Token (FURR) has emerged as a standout performer amidst the cryptocurrency market’s turbulence, attracting a surge of investor interest and enthusiasm. Positioned as a refreshing departure from traditional cryptocurrencies, FURR captivates users with its endearing and whimsical approach, centered around the universal allure of cute kitties.

The token’s unique value proposition extends beyond its charming imagery, offering investors the promise of substantial returns and a delightful user experience. With a 15X return on investment (ROI) and a user-friendly platform infused with cute cat-themed stickers and visuals, FURR presents an enticing investment opportunity for both seasoned traders and newcomers alike.

As FURR progresses through its presale stages, investors are presented with an opportune moment to capitalize on its growth potential. Currently, in the 8th stage of a 10-stage presale, the token’s price is poised to increase with each subsequent stage,

making it the perfect time to invest. With its presale already surpassing $1 million within just two months and organic community growth, FURR demonstrates robust momentum and investor confidence.

Moreover, FURR’s commitment to security and compliance, highlighted by the audit received from Securi Lab, further instills trust and reassurance among investors. The team’s decision to lock their tokens for one year underscores their dedication to the project’s longevity and sustainability.

In addition to its financial potential, FURR fosters a warm and friendly community, with active engagement from administrators and moderators on platforms like Telegram. This community-driven approach enhances transparency and cultivates a sense of shared joy and camaraderie among FURR enthusiasts.

Furrever Token (FURR) continues to soar in popularity, enticing investors with its adorable charm and promising returns. With the current price steadily climbing and the presale advancing through its 8th stage of a 10-stage journey, now is the opportune moment to seize this investment opportunity. Explore more about FURR and join the community at the official website. For any inquiries or support, contact us at support@furrevertoken.com.

Don’t Miss Out on the Most Exclusive Presale Opportunity of 2024:Furrever Token Official Website  |   Visit Furrever Token Presale Join Official Telegram Group       |   Follow Official X Account

In the ever-evolving landscape of cryptocurrency, Ethereum’s innovative liquid staking service has caught the attention of traders, signaling potential short-term growth amidst warnings of volatility in the broader market, particularly concerning Bitcoin.

The Tom DeMark Sequential indicator, a trusted tool in crypto trading circles, recently flashed a buy signal for Lido DAO’s liquid staking service on Ethereum’s blockchain.&middot

For the full story, head over to TheCurrencyAnalytics.com.

Cryptos helped a high schooler named Cooper Turley to become rich by making early investments in Bitcoin (BTC) and Ethereum (ETH). These investments have changed his life, making him one of the famous people in the crypto scene. 

But now he has been trying to explore one of the top altcoins–Borroe Finance ($ROE). What is his current trading secret? Let’s find out.

>>BUY $ROE TOKENS NOW<<

TLDR

Turley achieved millionaire status through strategic investments in top cryptos while juggling college and part-time jobs.

He is impressed by Borroe Finance’s AI-powered platform that converts future revenues into immediate cash flow.

$ROE is priced at $0.02 at the last stage of presale.

 

The Story of Bitcoin and Ethereum Millionaire

Cooper Turley was a regular young man. While many adults seek a job, Turley had decided to invest in crypto quite early. Turley revealed that he first invested in Ethereum while he was studying the music business at the University of Colorado in 2017. 

Later, he learned about the Ethereum blockchain which had the potential to revolutionize the music industry and help underground artists. Moreover, he accumulated ETH at a few hundred dollars which is valued at around $3,200 now.  

With mounting motivations at heart and a series of crypto researches, Turley decided to get his hands on the largest crypto. The 28-year-old bought Bitcoin at just over $2,000 which is valued at $65,000 now. This excellent soar in BTC price offered a whopping 3150% gain on his initial investment.

While investing in those top crypto coins, he was still studying in college with some ad hoc jobs. With these early accumulations, Turley has turned out to be a millionaire. Many have already called his moves the epitome of bravery. This eager anticipation has led him to pave his path to success. However, he has not revealed the exact investment amount on BTC and ETH.

This success story was quite mouth-watering for everyone. His audacious move has resonated as one of the epic investments in the crypto sphere. But now, he has been getting into DeFi realms. He had already done enough research to understand ongoing DeFi trends. He has been looking to shift his attention towards one of the new DeFi projects–Borroe Finance. 

 

From Millionaire to Borroe Finance: What’s Next?

After gaining millionaire status with his bold investments in Bitcoin and Ethereum, Cooper Turley has turned his head towards a new promising venture. This DeFi enthusiast is now deeming Borroe Finance ($ROE) as a prime selection for his crypto trading.

Having been positioned as one of the top DeFi coins, Turley thinks Borroe Finance is a game-changer in the Web3 space. Powered by Polygon blockchain, he finds this project quite scalable, affordable and flexible. Moreover, Borroe Finance’s commitment to propel the crowdfunding process is quite pragmatic.

What impresses Turley is that Borroe Finance empowers Web3 growth with AI-powered funding. This new way to convert future revenues or invoices into immediate cash flow has been a show-stealer for him.

The main reason behind Turley’s attention to Borroe Finance is that it offers both real-life utilities and a profitable journey. More specifically, he was shocked by $ROE’s upswing price trajectory. As per reports, $ROE has already offered 100% ROI to beta stage’s investors. So, Turley does not want to have fear of missing out on this best DeFi crypto.

According to Borroe Finance’s price projection, $ROE will pump to $0.025 before getting released on DEX. Crypto analysts anticipate $ROE’s real gains lie after launching in the mainstream market. That’s why this millionaire has his eyes set on Borroe Finance.

 

Learn more about Borroe Finance ($ROE) here:

Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

The post This Investor Made Millions Of Bitcoin And Ethereum; His Current Trading Secret Revealed? appeared first on BitcoinWorld.