Day: May 18, 2024

Fantom leads altcoin rally; Near Protocol eyes $10 as GFOX meme coin pumps 30%

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market saw a strong recovery today following the CPI report that US inflation is now at 3.4%. Bitcoin pumped 7% to $66k on the news, while some altcoins, such as Fantom (FTM), rose by almost 30%.  AI coins also reacted well to this news, with Near Protocol (NEAR), one of the leaders in the AI crypto sector, pumping 17% today. Meanwhile, some low-cap meme coins did well…

Crypto Expert Willy Woo Predicts Bitcoin Has Room To Run

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Crypto expert Willy Woo has predicted that Bitcoin will still make significant moves to the upside. He made this claim based on an indicator that suggests crypto investors are still willing to buy the flagship crypto at higher prices.  Related Reading Bitcoin Still Has “A Lot Of Room To Run” Woo mentioned in an X (formerly Twitter) post that Bitcoin still has a lot of room to run before the flagship crypto experiences a reversal or consolidation. To support his bullish sentiment, he shared a chart highlighting Bitcoin VWAP (Volume-Weighted…

Meme coins market cap hits $58b

The market capitalization of meme coins increased by 8% and hit $58 billion. According to CoinGecko, meme coins are popular among investors and traders. The meme coin segment has outpaced the overall crypto asset market in growth over the past 24 hours. The crypto industry’s total market capitalization increased by 5.5%, while Bitcoin (BTC) showed an increase of 6%. The five largest meme coins by capital account for 77% of the total value of this asset class. At the same time, only three dozen coins by market capitalization exceed the…

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Mastercard’s Start Path Blockchain and Digital Asset program has expanded to include five new startups, aiming to explore innovative uses of blockchain technology. “Digital assets are becoming increasingly mainstream, speeding up commerce with trust and transparency,” Mastercard stated. Mastercard’s Digital Asset Program Expands Payments giant Mastercard announced Wednesday that five startups from around the world […] Source CryptoX Portal

Quantum Computing and Blockchain: Insights from Professor Massimiliano Sala

Quantum Computing’s Impact on Blockchain In a recent Ripple Insights series, Professor Massimiliano Sala, a renowned Professor of Mathematics at the University of Trento, shares his expert insights on the rapidly evolving intersection of blockchain and quantum computing. Sala’s expertise in cryptography and his work with the National Italian Association for the study and research of cryptography provide a unique perspective on the quantum challenges facing blockchain technologies, including the XRP Ledger. Blockchain Security Professor Sala highlights the critical vulnerabilities that quantum computing introduces to…

Optimism Network Activity Metrics Approach Record Levels, Propelling OP 9% Higher

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Layer 2 (L2) scaling solution Optimism reported a series of strong network metrics in the first quarter (Q1) 2024, with its native OP token surging 9% on the back of this bullish momentum. Optimism Sees Higher Activity And Rising Transaction Fees According to a recent Messari report, Optimism’s circulating market cap increased 11% quarter-over-quarter (QoQ) to $3.7 billion, while its fully diluted market cap rose 1% to $15.7 billion.  Despite the broader crypto market rally, with Bitcoin (BTC) and Ethereum (ETH) gaining 69% and 53% QoQ, respectively, OP’s market cap…

Here’s How Pump.fun Was Exploited For $2M

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Solana-based platform Pump.fun suffered an exploit that left the crypto community with many questions. The attack stole millions of dollars in users’ funds, but the reasons behind it and the exact amount of the loot were unclear. Amid the uncertainty, some claimed that a crypto Robinhood had emerged. Related Reading $80 Million Taken In Crypto Heist? On Thursday, the platform Pump.fun announced its bounding curve contracts had been compromised. In the post, the team alerted users that all trading was temporarily halted while they investigated the incident. Pump.fun is a…

Crypto Analysts Reveal Sub-$1 Altcoins Set To Outperform In The Bull Run

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With the Bitcoin price having already seen a massive rally over the past year, crypto investors have turned their attention to altcoins. This is because altcoin season usually comes after Bitcoin finishes rallying and they present more potential for upside. Ahead of the second leg of the crypto bull market that is suppose to happen sometime this year, the crypto analysts at Analyst Buzz have revealed the top altcoins that are trading under $1 right now that could be a good buy. Still Bullish On Polygon’s MATIC The first of…