Day: February 2, 2024

Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection

CoinspeakerSolana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection Solana (SOL) has surpassed Ethereum (ETH) in 24-hour DEX volume. This development coincides with the prediction from BitMEX co-founder Arthur Hayes, who foresees a rally in Solana following the crisis in New York Community Bank (NYCB). Deep Dive on Solana’s Meteoric Price Trajectory As reported by DefiLlama, SOL seized the spotlight by outpacing ETH in the 24-hour decentralized exchange (DEX) volume. Solana is still the number 1 ecosystem by DEX volume📈 pic.twitter.com/Y6MtGHYQnY — Crypto Crib (@Crypto_Crib_) February 2,…

Shiba Inu price prediction | Is SHIB a good investment?

Unpacking the factors shaping Shiba Inu’s price predictions for 2024: from tech innovations to influencer endorsements. Shiba Inu (SHIB), the second most popular meme coin after Dogecoin (DOGE), has experienced a mix of developments and challenges in recent weeks. It is also predicted that it could surpass DOGE in market performance in Feb. 2024.  Amidst these changes, on Jan. 24, the Shiba Inu team announced a strategic shift toward Shibdentity, focusing on decentralized identity within the web3 ecosystem.  Despite this forward-thinking initiative, SHIB has declined by more than 20% since…

Shiba Inu Project Timelines Unveiled, SHIB Price Readies To Soar

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Shiba Inu marketing lead Lucie has given an insight into the timeline for the upcoming developments of the project, sending the SHIB army into a tizzy. Speaking via X (formerly Twitter), Lucie provided a glimpse into the roadmap after a meeting with the project’s lead, Shytoshi Kusama. Lucie stated, “After meeting with Shytoshi Kusama, I can’t reveal much, but I can say one thing: The goal is to have everything finished by the end of this year. The whole vision should be completed by 2024/2025. It’s not a promise, but that’s…

Bitcoin Holds $43K

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Bitcoin stood its ground above $43,000 during the European morning on Friday, maintaining gains of around 2% in the last 24 hours. The CoinDesk 20 Index, which provides a weighted performance of the top digital assets, is up over 3.2%, with Chainlink’s LINK leading the charge. LINK reached a 22-month high above $18 having gained nearly 30% in the last week, comfortably beating major cryptocurrencies like BTC and ETH. The rally marks a bullish breakout from the three-month range that’s seen it stuck between $13 and $17, and signals a…

Chainlink Surge Powers Altcoin Market, Bulls Aim For $20 Target

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Chainlink (LINK), the leading oracle network on the blockchain, has been on a tear, outperforming the broader market with a 30% gain in the past week. This surge has pushed LINK’s price to $17.82, solidifying its dominance among altcoins, as bulls set their sights on the vaunted $20 target. Chainlink On-Chain Activity Hints At Renewed Investor Interest Analysts point to several factors driving the rally. Santiment, an on-chain data provider, revealed a surge in activity from previously dormant wallets, suggesting renewed investor interest. This is reflected in the “Age Consumed”…

Pyth Network token surges by 20% amid Binance listing

The token of the Pyth Network project (PYTH) was among the growth leaders, gaining 20% in price. According to data from CoinMarketCap, PYTH has risen 20.4% in the past 24 hours, reaching $0.49 when writing. At the same time, token trading volumes showed explosive growth, increasing by 158% to $204.2 million. Source: CoinMarketCap Year-to-date, PYTH has grown steadily, gaining over 43% in just one month. The latest sharp jump in the PYTH rate is happening amid the announcement of the Binance crypto exchange about its upcoming listing. According to the…

Hong Kong’s FSTB to Consult on Regulation for OTC Crypto Venues

“In fact, OTC venues have played a certain role in some of the fraud cases involving some unlicensed VA trading platforms last year, having misled investors to channel funds to these unlicensed platforms,” the FSTB said. “Therefore, we believe that it is necessary to bring OTC venues under regulation, and we will launch a consultation very soon on the proposed regulatory framework.” Source