Day: May 27, 2024

Ripple CTO Addresses Curious Price Link Between XRP And XLM

In an exchange on X, Ripple‘s Chief Technology Officer (CTO), David Schwartz, also known as JoelKatz, responded to queries about the strikingly similar price movements of XRP and Stellar (XLM). This discussion has brought to light not just the intertwined market dynamics of these two major cryptocurrencies but also the complex factors influencing their valuation. Curious Correlation Between XRP And XLM Schwartz candidly addressed a post by Good Morning Crypto, who highlighted a long-term price chart comparison between XRP and XLM since 2014, questioning the “unnatural price symmetry” and the…

JasmyCoin emerges as top gainer amid increased whale activity

JasmyCoin (JASMY) has emerged as the top gainer among the leading 100 cryptocurrencies, capitalizing on the rally triggered by the approval of spot Ethereum (ETH) ETFs in the U.S. JASMY is up by 26% in the past 24 hours and is trading at $0.028 at the time of writing. This is the first time since April 2022 that JasmyCoin has reached this price point. However, the so-called Japan’s Bitcoin is still down by 99.44% from its all-time high of $4.99 on Feb. 16, 2021. JASMY price, whale activity, RSI and…

Chart Whisperer Spots Algorand Breakout: Looming 50% Rally

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Algorand (ALGO), the blockchain platform known for its speedy transactions and energy efficiency, has caught the eye of crypto analysts. Popular analyst ZAYK Charts identified a potential paradigm shift for ALGO, pointing to a price breakout on the 12-hour chart that could propel the token 40-50% higher. Related Reading Algorand: Breaking The Resistance Barrier Technical analysis, a realm where chart patterns and indicators guide investment decisions, has become a popular tool in the cryptocurrency space. ZAYK Charts noticed a significant development for ALGO – a breakout from a trendline on…

LINK Is Set To Surge

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As the Consensys 2024 conference commences this week in Austin, Texas, the LINK community is abuzz with anticipation over a potential pivotal announcement from Chainlink in collaboration with SWIFT. Speculations are rife that this announcement, set for May 30 during a session on tokenization, could significantly influence LINK’s market performance. Chainlink And Swift Partnership Going To The Next Level? The session titled “How Swift and Chainlink Are Working Together to Unlock Tokenized Assets At Scale” will take place on the Mainstage at the Austin Convention Center. It features Jonathan Ehrenfeld,…

ETH price nears $4k as market uncertainty around ETH ETF looms

On Monday, the price of Ethereum surged to $3,900, buoyed by a wave of bullish sentiment among investors. Ethereum (ETH) is on track to surpass the $4,000 mark even before the launch of spot Ethereum exchange-traded funds (ETFs) as the market appears to be highly “underallocated,” according to DeFiance Capital founder Arthur Cheong. 4.5k before spot ETF go live for trading imo. — Arthur (@Arthur_0x) May 26, 2024 In a post on social media platform X on May 26, Cheong projected that Ethereum, the second-largest cryptocurrency by market value, could…

Normie Token Price Dumps 99% as Attacker Calls Meme Coin’s Tax Contract a ‘Copy-Paste’ Job

“I suspect this simply a case of them re-using code they didn’t thoroughly review,” they added. Before the dump, NORMIE was among the top meme coins on Base with a market capitalization of over $40 million and nearly 90,000 on-chain token holders, as per DEXTools metrics. Normie is slang for a “normal person,” and the Base version was modeled after a blue coloured frog that resembled the popular Pepe the Frog character. Source