Month: May 2024

Bitcoin Propped For Major Breakout By September, Analyst Explains Why

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Following the Bitcoin halving in April, analysts and investors remain on the edge of their seats in anticipation of a major price breakout by the maiden cryptocurrency. While Bitcoin did rise to $71,443 in the past week, the token soon suffered a retracement falling as low as $66,936.  Interestingly, renowned analyst with X handle Rekt Capital has provided an interesting insight into this recent price movement and also predicted the period BTC may finally embark on a highly-anticipated bullish run.  Related Reading Bitcoin To Consolidate For A Long Time –…

Litecoin eyes crucial $90 mark; analyst predicts inflows in Monero, Akash contender

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Thanks to heightened whale activity, Litecoin (LTC) has been witnessing notable bullish momentum that saw it breach the psychological threshold of $80.00, with the $90.00 price level in sight. By eliminating the urge for intermediaries, Borroe Finance (ROE) is emerging as a perfect Akash and Monero contender revamping revenue financing in the Web3 sector. Borroe Finance propels web3 user experience Having perfected the art of leveraging the power of…

Crypto Advocacy Group ‘Stand With Crypto’ Expands to the UK

Stand with Crypto, a global crypto advocacy organization, is expanding its initiative to the United Kingdom. Originating in the U.S., where it has garnered over 700,000 sign-ups and gained momentum with the passing of FIT21 in the House of Representatives, the movement is now mobilizing UK crypto advocates. With over 6 million crypto holders, the […] Source CryptoX Portal

Uniswap Shoots Past $10 On 17% Price Explosion

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In a week marked by consolidation across the cryptocurrency market, the native token of Uniswap, UNI, has defied the trend, surging over 15%, and surpassing the $10 mark. This bullish run comes amid positive developments within the Ethereum ecosystem and Uniswap’s ongoing legal battle with the US Securities and Exchange Commission (SEC). Related Reading Riding The Ethereum Wave Beyond the legal battle, the current momentum within the Ethereum ecosystem is also propelling UNI’s price upwards. On-chain data reveals significant whale withdrawals from crypto exchanges following news of a potential spot…

Study: 60% of US Crypto Investors Don’t Understand Blockchain

According to a recent survey by Preply, as many as three in five, or 60%, of U.S. cryptocurrency investors do not understand blockchain technology. The study found that Generation Z, despite 41% expressing interest in learning about cryptocurrency, had the smallest percentage of individuals willing to learn. The report also noted that U.S. residents who […] Source CryptoX Portal

Biden stops crackdown on crypto industry as election approaches

As the U.S. elections approach, Biden’s stance on cryptocurrencies appears to be softening. What is behind this decision, and what can the crypto community expect? Cryptocurrency-related events in the U.S. may signal that President Joe Biden is entering the race for the attention of the crypto community. It is likely that in the near future Biden’s administration may change its aggressive rhetoric on crypto. How will it affect the crypto landscape in the United States? Voting to repeal SEC directive Last week, the Senate passed a resolution that repeals Staff…

Decoding FDV: The Importance of Fully Diluted Valuation in Crypto Investments

In a market where substantial portions of tokens are often locked up, understanding Fully Diluted Valuation (FDV) has become essential for investors looking to better evaluate the current value of cryptocurrency projects, as well as better predict the long-term value and risks associated with them. Introduction to FDV Fully Diluted Valuation (FDV) is an important […] Source CryptoX Portal

Here Are The 3 Crypto Tokens That Earned A Trader $42 Million Profit In One Year

In cryptocurrency trading, remarkable success stories often emerge, showcasing the potential for significant returns. One such story is that of an anonymous crypto trader who recently managed to turn a portfolio of $23 million into $65 million over the course of a year, according to insights from Lookonchain, a crypto analytics platform. This $42 million profit highlights the trader’s smart money move in the volatile crypto market. The trader leveraged strategic investments in tokens such as PEPE, ONDO, and BEAM to achieve substantial gains. Related Reading Maximizing Returns Through Precise…

London Stock Exchange loses key ETF leaders ahead of crypto ETPs launch

As the London Stock Exchange gears up to list its inaugural crypto exchange-traded products, about half of its exchange-traded fund team has reportedly left. Just as the London Stock Exchange (LSE) prepares to list its first crypto-linked products, two members of its four-person team overseeing exchange-traded funds (ETFs) departed, Bloomberg reports, citing a spokesperson for LSE. According to the report, Michael Stanley, the head of exchange-traded products, and Hetal Patel, head of business development, have left the organization, though the exact timing of their exits remains unclear. The departures come…