Tag: Token

Tornado Cash token falls 57% after Binance announces delisting

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The governance token for crypto mixer Tornado Cash (TORN) has fallen by over 50% on Nov. 26-27, according to data from Coingecko. The crash came on the same day that crypto exchange Binance announced it was delisting the token. Tornado Cash 24-hour chart. Source: Coingecko. Tornado Cash is a cryptocurrency mixing protocol. Its token, TORN, is used to vote on proposals for upgrading the protocol. On Nov. 26-27, the token took a nosedive, falling from $3.90 to just $1.66, a decline of 57%. The price decline happened as the world’s…

Ethereum To $36,800? Token Terminal Predicts When This Will Happen

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Blockchain analytics platform Token Terminal has provided insight into the future trajectory of the second largest cryptocurrency by market cap, Ethereum (ETH). Interestingly, they predict that the crypto token could rise as high as $36,800. When Ethereum Will Hit $36,800 In the research paper released by the platform, Ethereum is billed to hit the $36,800 mark by 2030. However, this prediction is made in the best-case scenario of 2030 being a bull market season. One of the ways in which they analyzed ETH’s future value was with the total Addressable…

TokenFi Rolls Out Easy Token Launch Solutions on Ethereum Goerli

Despite its positive trajectory, TokenFi has encountered challenges, particularly with Bitget’s recent decision to delist TOKEN from its platform amidst allegations of price manipulation. TokenFi, a sister project to the popular meme token Floki Inu, has announced the launch of its groundbreaking initiatives, marking a significant step in democratizing the process of token creation within the cryptocurrency market. According to an announcement on X, the platform has rolled out two new tools, TokenFi Token Launcher, and the TokenFi QuickLaunch Bot, to empower users to create tokens without the need for…

Binance Lists BLUR, Token Pumps Over 28%

The price of the BLUR token has reacted positively to the report of listing on Binance. Leading crypto exchange Binance has announced support for the BLUR token, adding it to the thousands of other cryptocurrencies that the platform already supports. According to the Friday announcement, spot trading for  BLUR/BTC, BLUR/USDT, and BLUR/TRY opens immediately at exactly 09:00 UTC. So, Binance has advised users to start depositing BLUR while they wait for trading to officially open. Withdrawals of the native token of Blur – the world’s largest NFT marketplace – however,…

Goldfinch (GFI) token surges 50% in the last 24 hours

Goldfinch, a global credit protocol, has seen a 50.26% surge in the last 24 hours, currently trading at $1.10. In the last seven days, Goldfinch (GFI) grew to 68.46%. Goldfinch price chat in 24 hours | Source: CoinMarketCap According to a Sept. 20 post from a tokenomics researcher, the project generated over $700,000 in fees monthly and had over $100 million worth of active loans. Goldfinch is one of the most discussed projects in the RWA narrative. They’re generating over $700,000 in fees every month, and there are currently over $100M…

SEI token skyrockets 91% in 7 days amid Circle investment

SEI, the layer-1 blockchain, witnessed a remarkable 91% surge in seven days, following a strategic investment from Circle. Data from CoinMarketCap shows SEI has now surged 91.13% to $0.20. At the time of writing, the token also reported an increase of 14.79% in the previous 24-hour period. SEI to USD Price Chart | Source: CoinMarketCap Sei was launched by the ex-Robinhood engineer as the first sector-specific layer-1 blockchain specialized for trading. On Nov. 15, the company announced a strategic investment from Circle, the issuer of USD Coin, alongside the bridged integration of…

Ethereum price up 3%, crypto mining token also gaining momentum

Ethereum (ETH) added 3% in the past 24 hours amid a mild recovery in the crypto market. Bitcoin (BTC) also rose above $37,000 after a dip earlier this week, influencing altcoins such as ETH. With the market gaining momentum, the focus is shifting to the presale phase of Bitcoin Minetrix (BTCMTX), a new crypto-mining platform. Ethereum adds 7% on bullish on-chain metrics The ETH price is up by over 7% from the Nov. 22 low, regaining the crucial $2,000 level. This rally comes as the crypto market rebounds from losses…

FTX’s FTT Token Leads Market Gains With 55% Rally, What’s Driving It?

The utility token of the defunct crypto exchange FTX, FTT is one of the top gainers in the last few days, rising 55% in just 48 hours alone. This has led to speculations as to what may be driving the token’s rally. One of them relates to a recent event in the crypto industry.  FTT Token’s Recent Rally Propelled By Binance News In a post on its X (formerly Twitter) platform, the market intelligence platform Santiment noted that the second rally for FTT came after the Binance news. The world’s…