Day: October 2, 2024

Analyst Says Bitcoin Is In The ‘Final Test’, Here’s Where The BTC Price Is Headed Next

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Este artículo también está disponible en español. Bitcoin has seen a retracement from the $66,000 level, but that does not mean that the bullishness of the pioneer cryptocurrency is completely gone. It is currently sitting around 4% below $66,000, which still makes its $63,000 level very attractive for bulls. Although, given the current movement of Bitcoin, the market could see a deeper correction from here that could send its price spiraling below $60,000 once again. Bitcoin Symmetrical Triangle Could Trigger A Retest Crypto analyst Xanrox has presented a possible scenario…

Fan Tokens Have Much Larger Market Than NFTs, Says Chiliz CEO as Network Prepares a New Memecoin ‘Pepper’

Although NFTs might have less trading volume currently, at the peak of the bull market, they became the next big thing in the digital assets sector as celebrities and big brands embraced the idea of unique digital assets that are verified using blockchain. At the time, the idea of having distinct and irreplaceable assets gained prominence within various communities, including digital art, music, videos and gambling. Source

Cross-Chain Altcoin Rallies 33% After Earning Suprise Support From South Korea’s Largest Crypto Exchange

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A cross-chain protocol’s altcoin is soaring after Korea’s biggest crypto exchange announced support for trading. Messaging protocol Wormhole (W) shot up from a 24-hour low of $0.28 to a current value of $0.37, a more than 32% increase after crypto exchange Upbit announced support on the Solana (SOL) network. With a market cap of $959.7 million, Wormhole is now the 82nd largest crypto project. Wormhole aims to facilitate an efficient transfer of liquidity and data across various blockchains. Wormhole was launched in 2020 by Jump Crypto with help from the…

Solana (SOL) Holds Above $140 As Funding Rate Signals Bullish Momentum

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Este artículo también está disponible en español. Solana (SOL) is currently trading near a critical support zone at $145, following a 26% surge since the Federal Reserve announced interest rate cuts on September 18. After this sharp rise, SOL experienced a slight 10% dip, but the overall market sentiment remains optimistic.  Many analysts and investors hope Solana will reach new all-time highs by the end of the year, driven by positive macroeconomic trends and the growing confidence in the crypto market. Related Reading Key data from Coinglass reveals a rising…

5 Best Crypto to Buy Now As Prices Crash: Under the Radar Coins Like Pepe Unchained

The current market downturn has prompted many investors to sell and exit their positions. However, experienced traders recognize that such downturns are temporary and may present an opportunity for buying. This branded spotlight story highlights five lesser-known cryptocurrencies that could offer significant potential for those prepared to take a calculated risk. 1. Pepe Unchained (PEPU) […] Source CryptoX Portal

Indiana Man Pleads Guilty to Stealing $38M in Crypto Via ‘Cyber Intrusion’

“These convictions reflect the relentless efforts of the U.S. Attorney’s Office and the FBI in identifying a cybercriminal, holding him accountable, and prioritizing the victims of his crimes,” said U.S. Attorney Alison Ramsdell in a Tuesday press release. “Although this defendant tried to hide in the shadows of a cyber underworld, he was not beyond the reach of our team, and today’s guilty verdicts should serve as a reminder that this Office and its law enforcement partners will bring cyber criminals to justice, regardless how sophisticated their crimes may be.”…

Spaceport Partners With Own The Doge to Bring the Message of “Do Only Good Everyday (D.O.G.E.)” to Roblox, Fortnite and the Digital Realm with One of the World’s Most Iconic Memes, Kabosu: The Doge

LOS ANGELES, Oct. 1, 2024 /PRNewswire/ — Spaceport, the leading innovator in unlocking the power of intellectual Property (IP) and user-generated content (UGC), today announced an exciting partnership with Own the Doge, the official custodians of the Kabosu “Doge” IP. Own The Doge is committed to giving back to charity whenever possible, just like their inspiration Atsuko Sato, the Dogemother. This collaboration not only helps spread that message by increasing the visibility of the Doge IP to new audiences on digital platforms like Roblox, Fortnite and more. It also helps…

Trump’s Return To Power Could Boost XRP And Solana ETFs, Analyst Says

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The potential return of Donald Trump to the presidency could substantially impact the approval of cryptocurrency exchange-traded funds (ETFs), particularly for XRP and Solana. The regulatory environment for these digital assets, which have been criticized for quite some time now, may be more favorable as a result of the Trump administration, according to Bloomberg analyst Eric Balchunas. Trump: Impact On Crypto Trump’s policies have generated considerable speculation regarding their potential impact on the cryptocurrency market. It is possible that the manner in which regulators perceive cryptocurrencies may change if he…

EigenLayer's Token Launch Draws Scrutiny Over Supply Concerns

In some ways, the release of EigenLayer’s native EIGEN token this week was as expected; price rapidly rose moments after it was listed on exchanges, leading to a period of price discovery that culminated in a 22% slide from it’s momentary record high. But there appears to be a storm brewing behind the scenes, with several investors and community members calling foul on a lack of transparency over the token’s supply. Source