Day: December 18, 2024

Cardano Price Eyes Recovery Toward $2 As Million-Dollar Whale Transactions Explode On The Network

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Este artículo también está disponible en español. The Cardano price has recently rejected around the $1.1 price level. Notably, the past three months have been highlighted by a remarkable Cardano surge that saw it break above $1 for the first time since early 2022 and peak at $1.3 on December 3, 2024.  Although Cardano has managed to hold above the $1 mark since then, price action in the past 24 hours has been highlighted by a 3.77% decline alongside the rest of the crypto market. However, on-chain data shows that the…

Pepe coin price slips as smart money sells: has the rally ended?

Pepe coin price dropped for three consecutive days, invalidating a previously bullish pattern and forming another bearish one. Pepe (PEPE), the third-largest meme coin globally, fell to a low of $0.00002117, marking its lowest level since December 6. This decline coincided with broader cryptocurrency market losses. Bitcoin (BTC) fell to $104,400, retreating from its record high of $108,000. The total market cap of all cryptocurrencies dropped by 5% to $3.82 trillion. Pepe plunged in a high-volume environment. According to CoinGecko, its 24-hour volume was $2.2 billion, much higher than Shiba…

Dormant PEPE Whale Awakens, Moves 2.1 Trillion Tokens

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Este artículo también está disponible en español. On December 14, 2024, a dormant whale wallet made ripples in the cryptocurrency market by transferring 2.1 trillion PEPE tokens worth over $52 million. This large transfer, which occurred after 600 days of inactivity, has spurred excitement and speculation about a possible price increase for the popular meme coin. Related Reading Analysts are keenly tracking PEPE’s moves, anticipating a probable rebound that might take its value to $0.00005 or higher. Whale Activity Indicates Potential Surge The current whale behavior is notable in the cryptocurrency…

WBTC Episode ‘Reopened Old Wounds’ of Centralized Failures: Bitcoin Builders Association

Earlier this year, some users of wrapped bitcoin wBTC were dismayed to find its issuer BitGo was sharing custody of their bitcoin (BTC) with BiT Global, a Hong Kong-based crypto custodian partly owned by TRON founder Justin Sun. The episode “reopened old wounds inflicted by previous centralized custody failure,” even though it did not expose any novel flaws, the Bitcoin Builders Association (BBA) said in a report on Wednesday. “These wounds cause BTC holders to be unwilling to trade off their self-custody for trusted solutions,” the report said. The BBA…

US Bitcoin Reserve Could Push Price To $500,000: Expert

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Este artículo también está disponible en español. In an exclusive interview with Yahoo Finance, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared his bullish outlook on Bitcoin, projecting significant price appreciation by the end of 2025. “We expect Bitcoin to be up above $200,000 by this time next year,” Hougan stated, attributing this forecast to three primary sources of demand: exchange-traded funds (ETFs), corporate investments, and governmental acquisitions. Hougan elaborated, “There are ETFs that are vacuuming up Bitcoin, public companies like MicroStrategy are accumulating Bitcoin, and now we’re…

Chainlink price reverses as one whale keeps accumulating LINK tokens

Chainlink price experienced a significant reversal and dropped for three consecutive days, erasing some of the gains made last week. Chainlink (LINK) token fell to $27, marking a 13% decline from its highest level this year and bringing its market cap to over $17 billion. The retreat mirrored losses seen across other popular cryptocurrencies. Bitcoin (BTC) dropped to $105,000 from its weekly high of $108,000. Similarly, Ethereum, Ripple, and Solana were down by over 3%. Still, one whale continued to accumulate LINK tokens, betting on a potential recovery. According to…

Navigating the Rise of Cryptocurrency in Latin America

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Cryptocurrency adoption in Latin America is experiencing explosive growth, driven by a mix of factors in the area like economic instability, financial innovation, and regulatory evolution. Countries like Brazil, Argentina, and Mexico are emerging as global leaders in cryptocurrency usage, offering a fertile ground for both individuals and businesses to explore digital assets as practical solutions for real-world financial challenges. To learn more about Latin America’s rapidly evolving crypto market, download our whitepaper, “Unlock the Potential of Latin America’s Booming Crypto Market.” Read the report on the Latam’s blooming cryptocurrency…

Whales Snap Up 30 Million XRP As Ripple Launches Its RLUSD Stablecoin

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Este artículo también está disponible en español. XRP whales have been on a buying spree as blockchain payments company Ripple officially launched its dollar-backed stablecoin, RLUSD, on several global crypto exchanges this Tuesday. The stablecoin is now available for trading on platforms Bitso, Uphold, CoinMENA, MoonPay, and Archax, with additional listings expected soon. Ripple RLUSD Stablecoin Launches Amid Price Volatility RLUSD is designed to maintain a stable value in line with the US dollar and is compatible with both the Ethereum (ETH) blockchain and the XRP Ledger (XRPL), the latter being…