Day: December 24, 2023

Worst performing crypto of 2023

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Despite the high performance of Bitcoin and Ethereum, certain cryptocurrencies lagged, emerging as the crypto biggest losers of 2023. The 2023 crypto market experienced a mix of highs and lows, with some coins emerging as cryptocurrency losers. Market data suggests that while most cryptocurrencies traded in green, notable exceptions ranked as the worst-performing crypto of the year. For example, Bitcoin (BTC) and Ethereum (ETH) reached yearly highs in December…

Stacks rallying as Galaxy Fox captures crypto investors

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. This week has been exciting, with Stacks (STX) leading the way and Galaxy Fox (GFOX) attracting crypto investors. Stacks rally after Draper’s endorsement Stacks rose 27% surge on Dec. 20, boosted by an endorsement from billionaire investor Tim Draper.  In a recent interview, Draper praised Stacks as the first “showstopper” among the crypto projects he explored this year. Launched in January 2021, Stacks is a layer-2 blockchain for Bitcoin.…

Can Bitcoin Price Climb To $47,000? Here’s What This Crypto Analyst Thinks

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The bulls seem to be back in control following the return of the Bitcoin price to above $43,000 this past week. This positive run comes on the back of a period where the premier cryptocurrency struggled, falling below $41,000 at some point. However, the market leader appears to have regained most of its lost momentum, with new heights now in sight. A popular crypto pundit on the X platform has put forward a new prognosis and set a new target for the Bitcoin price. BTC Price To $47,000? Here’s What…

Solana Soars Above $117, Meme Coin Craze Extends Momentum

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The native cryptocurrency of Solana continued a spectacular climb that has already lasted three weeks by breaking beyond the $110 mark on Sunday morning. This is a strong demonstration of resilience. The price of SOL has surged, reaching a level not seen since the night before Terra collapsed a year and a half ago. This coincides with a substantial uptick in meme coin activity in the cryptocurrency space, which is helping to increase the platform’s acceptance and appeal. Solana Surges: 400% Rally Sparks Crypto Renaissance The remarkable rise of Solana…

Ripple CTO addresses ‘Bitcoin Ponzi’ claim; positive trends for Injective and InQubeta

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cryptocurrency, a unique financial innovation, has proven it’s more than just a passing phase, consistently proving skeptics wrong. Inspired by the success of projects like Bitcoin (BTC) and XRP, investors actively seek opportunities in the current market to capitalize on this trend. Projects like Injective Protocol (INJ) and InQubeta (QUBE) are riding on Bitcoin’s success, incorporating new features and advanced technology into their protocols.  This strategy aims to attract…

Solana Decentralized Exchange Altcoin Skyrockets More Than 95% This Week Amid Roaring Network Growth

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The native token for a decentralized exchange (DEX) built on Solana (SOL) has skyrocketed by more than 95% this week amid roaring network growth. Raydium (RAY) is an on-chain order book automated market maker (AMM). The project’s native token, RAY, is trading at $1.72 at time of writing, up from around $0.88 one week ago. The 144th-ranked crypto asset by market cap is also up nearly 16% in the past 24 hours and more than 1,140% since the start of 2023. RAY’s recent gains have materialized as the Raydium protocol…