Avalanche Price Prediction | Is AVAX a Good Investment?

On May 21, 2024, the Avalanche (AVAX) coin saw a 12% jump, hitting $41.02, according to CoinMarketCap. This uptick came after Avalanche announced the successful tokenization of the Wine Capital Fund by Oasis Pro, now listed on ATS via the Avalanche C-Chain. While the current price is far from its peak of $146.22 in 2021, it still marks a significant achievement. In March 2024, AVAX surged by 34% within a week. As of May 21, 2024, AVAX held the 11th spot among top cryptocurrencies, with a market cap exceeding $15.56…

Solana-Based Wallet Phantom Buys Web3 Specialist Bitski

“In the future, we think embedded wallets really make sense for decentralized applications, rather than being forced to build their own or use less trusted firms or experimental products,” said Wu in an interview. “With Bitski’s expertise in embedded wallets, onboarding will be much easier. Instead of telling people to download a separate mobile app, and adopt a seed phrase, simply sign up with an email and get started immediately.” Source

Web3 Marketing Startup Spindl Launches On-Chain Ad Network

“It’s more transparent. It’s fair. It’s natively on-chain. It’s, to be blunt, better for privacy,” said Garcia Martinez, CEO of Spindl, whose core service is attribution. “We’re not using weird, sketchy Web2 data,” such as consumers’ browsing history or their personal information, to target campaigns – just on-chain transactions, which are already public. Source

Crypto Market Liquidations Top $330 Million In 24 Hours With Ethereum In The Lead

As the Bitcoin and Ethereum prices hav barreled toward a new all-time high, short-term traders have been suffering the brunt of the liquidations. In the last day alone, over $330 million was liquidated from the crypto market and the majority of this has been from short traders who expect prices to fall once again. Over 78,000 Traders Liquidated For $330 Million Coinglass data shows that the last 24 hours have been brutal for crypto traders. In this short time, more than 78,000 crypto traders have seen their positions liquidated, leading…

Bitcoin Hits $71K as Ether ETF Hopes Build

ETH has been buoyed by favorable regulatory developments that seem to indicate increasing chances of spot ether ETFs being approved by the SEC after the regulator asked exchanges to update 19b-4 filings, which propose rule changes. As a result, the ether implied volatility curve, which shows market expectations of future volatility across different strike prices and expirations, flattened as 25-delta risk reversals hit year-to-date highs above 18%, and traders heavily bought $4,000 calls for 24 May and 31 May, Presto Research analysts wrote. A Polymarket contract asking if an ether…

Coinbase Whale Begins Accumulating Dogecoin (DOGE) Rival From Crypto Exchange: On-Chain Data

A deep-pocketed investor is suddenly accumulating massive amounts of a Dogecoin (DOGE) rival from top US crypto exchange Coinbase, on-chain data shows. Digital asset tracker Lookonchain notices a crypto whale spent 606,00 USDC to buy nearly 228,000 dogwifhat (WIF) memecoins. “A whale is buying WIF! The whale created a new wallet and withdrew 1.83 million USDC from Coinbase to buy WIF. So far, he has spent 606,000 USDC to buy 227,896 WIF at $2.66, with 1.22 million USDC left. The purchase is in progress [on May 20th].” WIF is trading…

From TV Host to Crypto Exchange CEO: Gracy Chen at the Helm of Bitget

Gracy Chen, a seasoned entrepreneur with a decade of experience in business management, marketing, and investment, has been appointed as the new Chief Executive Officer (CEO) of the crypto exchange Bitget. She will succeed Sandra Lou, who is stepping down to pursue personal business goals. Gracy Chen Takes the Helm as Bitget’s New CEO Gracy Chen’s involvement in the blockchain and cryptocurrency industry began in 2014 during her tenure as a TV host. Interactions with knowledgeable guests like Tim Draper piqued her interest in this emerging field. This interest led…

Bitcoin surges to $71k as analysts cite increased spot ETF inflows

Analyst expects renewed market confidence as Bitcoin surges to $71,000 Bitcoin’s price surged to $71,000 on Tuesday amid increased spot buying and spot BTC exchange-traded fund (ETF) purchases, prompting the cryptocurrency community to debate whether this signals the start of a bull market or its peak. At the time of writing, the world’s largest cryptocurrency exchanged hands at $70,950, with a massive 24-hour trading volume of $52.4 billion. The crypto asset’s market cap currently stands at $1.39 trillion. BTC 24-hour price chart | Source: CoinMarketCap Matteo Greco, research analyst at Fineqia…