Tag: Market

The Critical Role of Market Making in Decentralized Exchanges – a Deep Dive With CLS Global

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In the rapidly evolving cryptocurrency landscape, market makers play an increasingly vital role, particularly in the realm of DEXs (decentralized exchanges). As the industry shifts towards more decentralized models, the importance of efficient market-making strategies has become paramount. The evolution of cryptocurrency exchanges The cryptocurrency market has witnessed a significant transformation in recent years. While centralized exchanges initially dominated the space, the growing demand for platforms aligning with the core principles of decentralization led to the emergence of DEXs. These platforms offer users the ability to trade directly from their…

Analysts Expect $6 Billion Market Cap, 20-Fold Price Increase

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Solana-based meme coin Dogwifhat (WIF) has seen a significant price and market capitalization surge over the past two weeks, recording a 68% increase in value during this period. WIF reached $2.81 on Monday, marking its highest monthly valuation.  The token’s market cap has also experienced significant growth, nearly doubling in just one month from $1.5 billion to its current market cap of $2.8 billion. Nevertheless, experts anticipate further growth in WIF’s market capitalization, potentially resulting in the token surpassing its previous all-time highs (ATHs). Bullish Predictions For WIF After hitting…

Leader of Russian State Duma’s Financial Market Committee Labels ‘Hamster Kombat’ a ‘Scam’ and Calls for Its Termination

Anatoly Aksakov, the Chairman of the Russian State Duma Committee on the Financial Market, has stated that ‘Hamster Kombat’, a popular tap-to-earn game, should be stopped in Russia. Aksakov emphasized that ‘Hamster Kombat’ manipulates the psyche of citizens, leading them to believe that they can become wealthy with minimal effort through playing this type of […] Source CryptoX Portal

Helium’s price soars 11% amidst a broad market rally

Helium, a blockchain network tailored for the Internet of Things (IoT), has seen its price climb by 11% over the past day, currently valued at $4.96. According to the latest data from crypto.news, Helium (HNT) now holds a market capitalization of around $797 million, ranking it 88th in the global cryptocurrency market cap standings. Over the past week, the cryptocurrency has also seen a significant rise, increasing by more than 40%. The trading volume for HNT has surged by 207% in the last 24 hours, reaching $17.9 million. During this…

Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?

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Despite the crypto market recovery, a large number of Cardano holders are still nursing losses, leading to speculations as to why this is the case. Data from IntoTheBlock shows that the altcoin is the worst performer in terms of profitability when it comes to the top 10 largest cryptocurrency by market cap, disappointing holders and long-term believers. Cardano Profitability Sits At Only 15% The Cardano profitability has remained low since the market crash of 2022 and even with the market recovery, the majority of investors are still underwater on their…

Market Strategist Says Bitcoin Downtrend Is Finally Over, Here’s Where Price Is Headed Next

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A market strategist has declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value.  Bitcoin Downtrend Is Over A crypto analyst identified as ‘Rekt Capital’ on X (formerly Twitter) has announced to his 484,500 followers that Bitcoin’s prolonged downward trend was officially over. The analyst, who has been monitoring the cryptocurrency’s market and price actions, has suggested that Bitcoin may be getting ready for a…