Month: September 2024

Why Are Institutional Traders Keeping Eye On XRP and This Fast Growing Meme Coin Priced at $0.0021

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Este artículo también está disponible en español. Institutional investors are becoming more cautious yet opportunistic as they navigate the crypto markets, with Ripple’s XRP and a fast-growing meme coin, Mpeppe (MPEPE), catching their attention. While XRP has faced turbulence in recent months, Mpeppe has been building momentum in its presale stages. The significant interest in both assets shows that institutional players are still on the hunt for the next big opportunity, despite overall market uncertainty. Ripple Price Analysis: Recent UpHill Battles Ripple’s XRP has had a tumultuous few weeks. In…

Floki Drops 22.1%, While Mpeppe (MPEPE) Completes 97% Stage 3

Este artículo también está disponible en español. As the cryptocurrency market experiences a significant September shift, memecoins like Floki Inu (FLOKI) and Mpeppe (MPEPE) have found themselves at the center of attention. While Floki Inu (FLOKI) has taken a sharp dip, dropping 22.1%, Mpeppe (MPEPE) is soaring high, completing 97% of its Stage 3 presale. This divergence has captured the interest of investors and enthusiasts alike, marking a pivotal moment for both tokens. Let’s explore what’s driving these changes and why Mpeppe (MPEPE) is attracting so much attention. Floki Inu…

Bitcoin Investors Quiver As Accumulation Trend Nears Zero

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September has started with significant losses for the Bitcoin market after a price decline of 9.16% occurred in the last week based on data from CoinMarketCap. During this period, the price of the largest cryptocurrency has dipped below $53,000 reaching a price low last seen in early August. Interestingly, despite Bitcoin’s low prices, investors are showing an unusual drop in buying interest. Investors Hold Back On Bitcoin Accumulation – What Could Be Behind It? In an X post on Friday, Ali Martinez noted that the Accumulation Trend Score (ATS) for…

Hoskinson Updates ADA Community, Cardano (ADA) Investors Question Will ADA Maintain For 2024

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Este artículo también está disponible en español. Cardano (ADA) has undergone significant developments recently, especially with the successful implementation of the Chang Hard Fork, marking the beginning of the Conway Era. This major upgrade has introduced new decentralized governance models to the blockchain, allowing ADA holders to directly vote on decisions that impact the network. Despite these advancements, some investors are starting to question whether ADA will maintain its relevance and growth potential into 2024, especially in the face of other emerging projects like Mpeppe (MPEPE), which is gaining momentum…

Report Highlights Short-Term Bitcoin Holders Facing Heightened Unrealized Losses

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A recent report from Glassnode, led by researchers Ukuriaoc and Cryptovizart, highlights growing stress among short-term bitcoin (BTC) holders. As market pressure mounts, these investors experience heightened unrealized losses, suggesting they may drive future sell-side activity. Glassnode: Unrealized Losses Climb for Short-Term Bitcoin Investors According to Glassnode’s onchain analysis, short-term bitcoin (BTC) holders are currently […] Original

Bitcoin ETFs outflow $706m: BlackRock, WisdomTree buck trend

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Outflows from U.S. spot Bitcoin ETFs, or exchange-traded funds, surpassed $706 million this week as bears pushed Bitcoin to $53,304 — its lowest level since Aug. 5. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $169.97 million in net outflows on Sep. 6, with Grayscale and Fidelity leading the pack. Fidelity’s FBTC shed $85.5 million, with the fund experiencing negative flows for the past seven trading days. Grayscale’s GBTC added to the exit liquidity, with $52.9 million leaving the fund, bringing total losses to over $20 billion…

Why Is Ethereum (ETH) Losing Ground To Bitcoin? Key Report Explains ETH Struggles

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Este artículo también está disponible en español. Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022. Since then, Ethereum has fallen 44% against Bitcoin. Related Reading This dramatic drop has left investors and traders questioning the reasons behind Ethereum’s struggle. A recent report from CryptoQuant offers some clarity, pointing to several factors that may…

$295m liquidated as Bitcoin, Ethereum downtrend continues

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Crypto investors suffered the biggest liquidation in over a week as Bitcoin and most altcoins continued their downtrend.  Bitcoin and altcoins liquidations rise Data compiled by CoinGlass shows that total liquidations on Friday, Sep. 6, jumped to over $221 million, up from $72 million a day earlier. It was the biggest jump since Aug. 27 when liquidations soared to $281 million.  Bitcoin (BTC), the biggest cryptocurrency, led the liquidations with over $114 million; Ethereum (ETH), $72 million worth and Solana (SOL), $14 million. Bitcoin and other cryptocurrencies dropped as investors…

Spatial Computing Expert: AI Didn’t Contribute to Metaverse’s Decline

Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said he sees AI as a powerful catalyst for metaverse innovation, enhancing user experiences and making digital interactions more natural, intuitive, and engaging. Metaverse, NFT Decline […] Source CryptoX Portal