The rise of meme coins was a captivating narrative in the early months of 2024. However, recent trends have shown a significant cooling off in their market activity after the frenzy of the “spring.” Only a select few meme coins have managed to see gains over the past 30 days, with lesser-known tokens like doginme,
Crypto
XRP, the digital asset associated with Ripple, experienced a significant price surge on Wednesday, reaching $0.66. This marked an 8% increase over the past 24 hours, with the price jumping from $0.60. The surge in price comes amidst important developments within the XRP ecosystem and renewed optimism among investors. A key factor driving this upward
The cryptocurrency market has seen a surge in volatility in recent days, impacting investor confidence. Bitcoin (BTC) witnessed a price spike to nearly $70,000 on July 29, only to drop below $66,000 the next day and currently hovers around $66,300 according to CoinGecko’s data. The correction in Bitcoin’s price coincided with reports of the US
BlackRock’s recent announcement that they have no plans to launch a Solana (SOL) ETF in the near future may come as a surprise to some, especially given the success of their Bitcoin and Ethereum spot ETFs. This decision has created an opening for other asset managers to potentially enter the market and compete in this
21Shares, a part of 21Shares AG, recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move aims to enhance the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (CETH), which is physically backed by Ether and tracks its performance. The Zurich-based financial institution stated that this integration
The US Securities and Exchange Commission (SEC) has made plans to amend its original complaint against Binance, signaling a potential shift in its approach towards cryptocurrencies. The amended complaint might eliminate the need for the court to make decisions on tokens previously classified as securities, specifically the ‘Third Party Crypto Asset Securities.’ The decision to
Shiba Inu, the popular meme coin, experienced a 3% dip in price recently. However, despite this setback, there are some crucial indicators within the ecosystem that suggest a potential rally in the near future. Analysts are divided in their opinions, with some predicting a bullish outcome based on technical indicators like the Relative Strength Index
Ripple’s XRP has been experiencing some interesting price movements lately, with its value rising from less than $0.40 to over $0.63 in just a few weeks. However, the momentum seems to have slowed down, and the price has retraced below $0.55 before climbing back to around $0.60 where it has stayed for the past several
Bitcoin’s recent price surge towards its all-time high has been driven by a combination of factors that have contributed to the cryptocurrency’s market strength. One key factor is the growth in market capitalizations of stablecoins like USDT and USDC, as highlighted by on-chain analytics platform CryptoQuant. This increase in stablecoin market cap has had a
Solana (SOL) has recently gained significant price momentum, propelling it to become the fourth-largest cryptocurrency by market capitalization. With a price increase of almost 5% daily, SOL now trades around $192, reaching a market cap of nearly $90 billion. This surge has placed SOL ahead of Binance Coin (BNB), which saw its market cap drop
