Dogecoin has broken away from the rest of the market with a 9% surge. Here’s why this could be bad for Bitcoin, according to history. Dogecoin Has Registered A 9% Jump During Last 24 Hours While most of the cryptocurrency market has seen sideways price action during the past day, Dogecoin has shown to be different as its value has witnessed a notable increase. The below chart shows the trend in DOGE’s price over the past month. From the graph, it’s visible that the Dogecoin price has claimed the $0.134…
Day: October 19, 2024
Analyst Points To Key Bitcoin Metric Indicating A Strong Uptrend—$90K in Sight?
Bitcoin (BTC) has been on an upward trend in recent weeks, showing positive price movements that appear quite appealing to investors. According to a recent CryptoQuant analysis, a key metric, “active address momentum,” paints a bullish picture for the cryptocurrency. Active Address Momentum Signals Upward Market Structure Active addresses represent the number of unique addresses conducting transactions on the Bitcoin network, providing insights into network activity and investor engagement. By applying a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to this indicator, the CryptoQuant analyst could assess the network’s growing momentum.…
Binance Expands Mobile Money Across Africa — 6 More Countries Gain Access
Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets more accessible. By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access […] Source CryptoX Portal
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on […] Source CryptoX Portal
Dogecoin Is On Track For Over 400% Rally, Analyst Reveals
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
$230M Bitcoin Heist Takes Dark Turn — $100M Still Missing, FBI Probes Kidnapping Link
Two young men pulled off a $230 million bitcoin heist in one of the largest crypto thefts from a private individual in U.S. history. But after indulging in luxury cars and a $2 million watch, the story took a sinister twist. Now, prosecutors say the crime may be tied to a shocking kidnapping — and […] Original
Whales are doubling their investments in these 3 altcoins
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market anticipates growth, major investors are increasing holdings in XYZVerse, a promising sports-themed memecoin. As the cryptocurrency market anticipates a significant upswing, major investors are markedly increasing their holdings in select alternative coins. These notable shifts in investment patterns signal a potential surge for certain digital assets that are capturing market attention. One of these promising tokens is XYZVerse (XYZ), the unique memecoin that merges sports…
Survey Finds Almost 70% Of Ethereum Institutional Investors Engaged In ETH Staking
Este artículo también está disponible en español. Almost 70% of institutional investors in Ethereum (ETH) are participating in ETH staking, with 60.6% of them using third-party staking platforms. Ethereum Staking Landscape At A Glance According to a report by Blockworks Research, 69.2% of institutional investors holding Ethereum are engaged in staking the platform’s native ETH token. Of these, 78.8% are investment firms and asset managers. Related Reading Notably, slightly more than one out of five institutional investors – or 22.6% – of the respondents said that ETH or an ETH-based…
Inside GOAT’s Wild Market Ride: What’s Driving This AI-Meme Coin Craze?
The artificial intelligence (AI)-driven meme coin goatseus maximus (GOAT), launched on pump.fun, has reached a market valuation of $418 million after gaining more than 36% against the U.S. dollar by 7 p.m. Eastern Time on Friday. Earlier in the day, the meme coin hit an all-time high (ATH) of $0.461 per coin, although it has […] Source CryptoX Portal
100% Uptick For Shiba Inu? Experts Eye Reversal As Catalyst
Este artículo también está disponible en español. Shiba Inu (SHIB) is now priced at about $0.00001783, just below a key resistance zone which means that the market is in a good mood. Market analysts are ready to witness another possible rally in the meme coin space. Related Reading Crypto influencer Davinci Jeremie noted that during the last bull cycle, Dogecoin (DOGE) reached a market cap of $88.8 billion, while SHIB peaked at $40 billion. The bull run will take the market cap of meme coins to a trillion dollars. Last…