Month: February 2024

Options Traders Target $4,000 Mark Amid Market Optimism

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Ethereum (ETH) is showing a noteworthy pattern in the options market. According to data from Deribit, a leading platform for crypto futures and options trading, there’s a significant concentration of call options for ETH around the $4,000 strike price for both the June and September expiries. Options Traders Anticipate $4,000 Ethereum This accumulation of ETH call options centered on the $4,000 mark indicates a concentrated expectation among traders that the price of Ethereum could rise to, or above, $4,000 by these dates. For context, options are financial derivatives that give…

XRP Ledger (XRPL) Token Market Cap Surged 47% In Q4 To $169M: What Caused The Surge?

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A recent report by Messari sheds light on the state of the XRP Ledger (XRPL) and its notable performance during the fourth quarter (Q4) of 2023.  The report highlights significant milestones, including its native token market capitalization, distribution, burning mechanism, price movement, legal battle, and network activity. Distribution Of 4 Billion XRP Contributes To Market Cap Growth?  As of Q4 2023, XRP, the native token of the XRPL, emerged as the sixth-largest cryptocurrency by market capitalization, reaching $33.7 billion. The token’s circulating market cap witnessed a substantial 21.2% increase quarter-over-quarter…

Finance Expert Drops Grim Prediction For US Economy, Says Bitcoin Is The ‘Parachute’

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The United States economy and where it might be headed has been a hot topic of debate among finance experts, with some recommending Bitcoin as a safe haven. One of those who has continued to tout BTC as the answer is renowned finance author Robert Kiyosaki, who has made a gloomy prediction for the US economy. The Economy Is Coming Down In a post made on X (formerly Twitter), Robert Kiyosaki, who is widely known for his best-selling finance book titled ‘Rich Dad Poor Dad’, warned investors of an impending…

Why Cardano (ADA) Is A Top Altcoin Pick In The Next Bull Run

Dan Gambardello, the founder of Crypto Capital Venture, has laid out a bullish narrative for Cardano going into the next bull run. Based on his analysis, the crypto token has the potential to be one of the best-performing coins during that period.  History Could Repeat Itself For Cardano In a video posted on his YouTube Channel, Gambardello mentioned how Cardano was currently in the same technical area it was in the last two market cycles before the Bitcoin Halving. He further noted that on those two occasions, ADA managed to…

Here’s How The XRP Trading Volume Fared In Q4 2023

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A recent report released by Ripple in its Q4 2023 XRP Markets Report unveiled that XRP experienced a substantial increase in daily trading volume, hitting roughly $600 million this quarter. According to the report, this surge represented a 75-100% growth compared to the lower trading volumes observed in Q3. Notably, the Ripple report suggests a rejuvenation in investor interest and market activity for the altcoin, marking a notable shift from the previous quarter’s performance. Ripple’s XRP Holdings And Other Crypto Volume In Q4 2023 Ripple’s Q4 report also provided insights…

Ethereum Has Gatekeepers (for Good Reason)

Indeed, the core idea behind ERC-404s is to make it easier to fractionalize, split ownership and improve liquidity when trading non-fungible tokens (NFTs). There might genuinely be something to the idea. ERC-404 combines two existing token standards, ERC-20 and ERC-721, used for minting regular Ethereum-based tokens and NFTs, respectively, in a bid to create “semi-fungible” tokens. Source CryptoX Portal

Bonk, THORChain record price surges as BTC zooms past $47k

Bitcoin’s uptick propelled token prices across the board as crypto’s largest asset gained over 4% in a single day and inched closer to a trillion-dollar market capitalization. Cryptocurrency’s total market cap was up more than 2% on Feb. 9, translating into price increases for many digital assets in the space. According to CoinMarketCap, two tokens in particular derived double-digit gains as markets rallied to the upside. Popular Solana-based memecoin Bonk (BONK) jumped over 14% in 24 hours, while trading activity surpassed $147 million within a day. BONK was a main…

Crypto CEO Says Get Ready For Solana To ‘Rally Higher Again’ With New Target

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Founder and Chief Executive Officer (CEO) of Evai Crypto Ratings, Matthew Dixon, has expressed optimism about the Solana future price outlook, projecting a new bullish target for the cryptocurrency.  CEO Predicts Bullish Outlook For Solana In a recent post on X (formerly Twitter), Dixon shared a Solana and USD pair price chart originally published on TradingView, a crypto analysis platform. The crypto CEO indicated that the ongoing price correction for Solana, identified as “wave 4 (blue)” on the price chart, has not concluded and is expected to experience further declines. …

Kraken Notifies XRP Holders Of Benefits From Zakinov Case

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Crypto exchange Kraken started notifying affected XRP holders about the potential monetary benefits they could receive from the class action lawsuit against Ripple. The exchange recently emerged victorious in the Zakinov v. Ripple Case. The exchange successfully intervened to protect its customers’ data from being shared without their consent. Kraken Begins The Notification Process Kraken, one of the largest crypto exchanges in the world, intervened in the Zakinov v. Ripple lawsuit, seeking to protect its customer’s privacy and data. The court ruling allowed Kraken to inform the affected users about…