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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
Apr / 06
- Dogecoin's Meteoric Rise: Investor Confidence and Speculation Drive Surge
- Apr 06, 2024 at 10:02 pm
- Dogecoin (DOGE) has experienced a resurgence in investor interest and price increases following a period of downturns in the cryptocurrency market. A large transfer of 200 million DOGE from Robinhood to an unknown wallet has fueled the recent upward price movement, with DOGE crossing the $0.18 mark and sparking speculation about its potential to reach $1.
Arbitrum Soars, Outperforming Market with 30% Price Jump Predicted
- Apr 06, 2024 at 10:02 pm
- Despite a 3.92% gain in the last day, Arbitrum remains 22.32% below our April 11th price prediction. ARB's 29.61% decline in the past month is in contrast to its 1-year growth of 23.19%. The current price of $1.47 is forecasted to rise by 30.16% within the next five days, reaching an estimated $1.89. This prediction aligns with the Fear & Greed index of 75, indicating investor optimism, and key support and resistance levels of $1.40, $1.50, and $1.54.
- Musk's Dogecoin Mania: Market Influence and Crypto Volatility
- Apr 06, 2024 at 10:01 pm
- Elon Musk's fascination with cryptocurrency, particularly Dogecoin, has made headlines. In 2019, when Musk first tweeted about Dogecoin, it was considered a "meme coin." However, Musk's influence and tweets have significantly increased Dogecoin's value and profile, leading to its recognition in the crypto world.
- Uniswap Surpasses $2 Trillion in Trading Volume, Cementing Its Dominance in Decentralized Finance
- Apr 06, 2024 at 10:01 pm
- Uniswap, a pioneering decentralized exchange, has reached a milestone of $2 trillion in all-time trading volume, solidifying its leading position in the crypto trading sphere. This achievement comes after a 42-month journey to reach the first trillion, highlighting the platform's exponential growth. Uniswap's success is attributed to innovation, multi-chain compatibility, and a strong community, but the future of DEXs brings both opportunities and challenges.
- Genesis Repays Customers with Substantial Bitcoin Purchase
- Apr 06, 2024 at 10:01 pm
- Genesis, a digital asset lender, has liquidated 32,041 Bitcoins (BTC) at an average price of $65,685 per coin to repay its customers. This sale was part of a court-approved plan to sell Grayscale Bitcoin Trust (GBTC) shares and use the proceeds to settle debts. Genesis had previously announced a settlement with Gemini, agreeing to distribute $1.8 billion to users impacted by Genesis's Earn program.
- GLM Price Faces Sell-Off, Technical Indicators Remain Neutral
- Apr 06, 2024 at 10:01 pm
- Golem's price faces selling pressure after rallying over 200% since February 20, 2024, encountering resistance at the $0.7090 supply level. Despite a neutral market outlook, the token maintains a stable liquidity and a 4.33% volume-to-market capitalization ratio. A breakout above $0.6282 could potentially drive the price towards the $0.7777 resistance. The technical analysis indicates a possible shift towards bearish momentum, with the RSI showing a death crossover below the middle band.
- Bitcoin's Q2 Slump Raises Concerns Amidst Macroeconomic Challenges
- Apr 06, 2024 at 10:00 pm
- Bitcoin (BTC) bulls have endured a challenging start to Q2 2024, facing a 10% decline since its March record high. Amidst lingering macro headwinds, BTC has lost ground while gold and silver have seen upside momentum. Peter Schiff, a prominent Bitcoin critic, has seized this opportunity to advocate for gold and silver investment. However, some users remain skeptical of Schiff's assertions, emphasizing the early stage of Q2 and the potential for BTC to recover.
- Uniswap Breaks $2 Trillion in All-Time Trading Volume, Dominating Crypto Exchange Market
- Apr 06, 2024 at 10:00 pm
- Uniswap, the leading decentralized exchange, has reached an impressive milestone by surpassing $2 trillion in all-time trading volume. The platform's growth trajectory has been remarkable, with the first trillion reached in May 2022 and the exponential growth thereafter solidifying its dominance in the DEX market.
- Ethereum Validator Surge Sparks Centralization Fears, Fuels Optimism for AI-Powered Altcoin InQubeta
- Apr 06, 2024 at 10:00 pm
- Amidst Ethereum's validator surge and concerns about centralization, analysts anticipate a promising year for InQubeta (QUBE), an AI-driven altcoin generating excitement with its impressive features and potential for stellar growth. While Ethereum's network capacity faces scrutiny, InQubeta's presale performance, with over $13 million raised and a limited token supply, suggests a bullish outlook and investment opportunities for early adopters.
- Solana's Growth Pains: Industry Leader Defends Amid Stability Bumps
- Apr 06, 2024 at 10:00 pm
- Fantom CEO Defends Solana Amid Network Issues Fantom founder Andre Cronje has voiced support for Solana amidst recent transaction issues on the network. Cronje, considered one of the most influential thought leaders in decentralized finance (DeFi), said that while some critics see Solana's congestion as a flaw, it stems from the ecosystem's rapid growth, increasing demand for block space. Cronje stated that the performance issues are engineering challenges, not a flaw in the consensus mechanism.
- Grayscale's Removal of Cardano Raises Questions About ADA's Future
- Apr 06, 2024 at 10:00 pm
- Grayscale's Digital Large Cap Fund (GDLC) removed Cardano (ADA) during its quarterly rebalancing, with concerns about ADA's performance likely contributing to the decision. Despite lingering negative sentiment, ADA's on-chain activity indicates increased user engagement and a potential for price appreciation in the future. However, the removal from Grayscale's fund raises questions about the token's long-term prospects, as similar actions with MATIC have led to a decline in its value.
- Solana and Avalanche Face Challenges amid Furrever Token's Rise
- Apr 06, 2024 at 10:00 pm
- Amidst market challenges faced by Solana (SOL) and Avalanche (AVAX), Furrever Token (FURR) emerges as a promising alternative, offering investors up to 15X returns during its presale. While SOL grapples with transaction processing issues and AVAX faces resistance, FURR presents a compelling investment opportunity with its unique cat-themed ecosystem and focus on community engagement. Its presale progress has already surpassed significant milestones, raising over $650,000 and presenting investors with a potential gateway to whimsical and financially rewarding crypto investments.
- Dogecoin and Shiba Inu Soar, Pullix Emerges as DeFi Contender
- Apr 06, 2024 at 09:55 pm
- Dogecoin (DOGE) and Shiba Inu (SHIB) have surged in 2023, with DOGE rising 110% and SHIB gaining 159% year-to-date. However, Pullix (PLX) has emerged as a promising DeFi project with a revenue share system, zero KYC requirements, and a comprehensive ecosystem. As PLX continues to gain traction, it has the potential to outperform DOGE and SHIB and become one of the top cryptocurrencies in 2024.
- Ripple's Stablecoin Gambit: Lifeline for XRP or Devalued Currency?
- Apr 06, 2024 at 09:51 pm
- Ripple's launch of a U.S. dollar-backed stablecoin on XRPL and Ethereum has sparked discussions about its potential impact on XRP. While the move could boost XRP's utility and liquidity, market reactions have been mixed. Analysts are monitoring the situation closely to determine the effect on XRP's price and overall value.
- Dormant Crypto Whale Awakes, Unleashing $17M Bitcoin Transaction
- Apr 06, 2024 at 09:45 pm
- After a decade of dormancy, a Bitcoin whale has reemerged, transferring 246 BTC (approx. $16.73 million) from a wallet that originally acquired BTC in 2013 at $29.39 per coin. This noteworthy transaction has sparked market speculation and interest, as such large-scale movements by dormant whales can lead to volatility and impact market trends.
- Monopoly GO Fountain Partners Frenzy: Collect, Spin, and Score Exclusive Rewards
- Apr 06, 2024 at 09:40 pm
- Monopoly GO's Fountain Partners event features daily opportunities to gather thousands of dice, an exclusive token, and sticker packs. Completing milestones in the four fountains, acquired through coin tokens, wheel spins, and board traversal, leads to the final reward. Free coin tokens can be obtained through events, tournaments, completing daily tasks, picking up wheel tokens, and redeeming free shop gifts every eight hours.
- IMVU's VCORE Token Tanks amid Market Volatility, Technical Indicators Bearish
- Apr 06, 2024 at 09:32 pm
- The VCORE token is currently trading at $0.00281, indicating a 4.32% price decline. Technical indicators suggest a strong negative trend, supported by the token's declining trading volume by 50.02% over the past 24 hours. IMVU (VCORE) has been a notable virtual world platform since 2004, and its native token, VCORE, is an ERC-20 metaverse token. However, the cryptocurrency's price has faced numerous declines, with a negative 7 consecutive-month trend.
- Bitcoin and Ethereum Option Expiration Set to Shake Up Crypto Market
- Apr 06, 2024 at 09:28 pm
- The expiration of numerous Bitcoin (BTC) and Ethereum (ETH) options contracts on April 5 marks a pivotal moment in the cryptocurrency market. With high stakes and a notional value exceeding $2 billion, traders are closely monitoring market dynamics and sentiment indicators to navigate potential volatility. While some factors, like the upcoming options expiration, could impact cryptocurrency prices, others like institutional adoption, regulatory developments, and macroeconomic trends also play a significant role in shaping the market landscape.
- DOGE, ATOM, and RETIK: Cryptocurrency Powerhouses Poised for Explosive Growth in 2024 Bull Run
- Apr 06, 2024 at 09:26 pm
- As the next bull run approaches, analysts identify three promising cryptocurrencies poised for significant growth: Dogecoin (DOGE), Cosmos (ATOM), and Retik Finance (RETIK). Dogecoin, the leading meme coin, boasts a loyal community and endorsements from influential figures, indicating potential for further price increases. Cosmos, the "Internet of Blockchains," addresses interoperability challenges, enhancing scalability and innovation in decentralized applications. Retik Finance, with its comprehensive DeFi suite including a non-custodial wallet, DeFi debit cards, and AI-powered P2P lending, has already surged over 400% in value and is expected to continue its rally in the upcoming bull run.
- Crypto Bull Run 2024: Identifying the Potential Winners
- Apr 06, 2024 at 09:24 pm
- As the 2024 bull run gains momentum, savvy investors seek cryptocurrencies poised for significant returns. Our analysis identifies five promising coins with the potential to generate strong gains: Solana (SOL), Optimism (OP), Aptos (APT), NEAR Protocol (NEAR), and BlastUP (BLST). These cryptocurrencies exhibit promising market sentiment, technological innovations, and strategic initiatives that could fuel widespread buying frenzy if acquired early.