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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
Mar / 23
- Weak Long-Term Technical Score for ZUM Token Raises Concerns for Long-Term Investors
- Mar 23, 2024 at 08:37 am
- ZUM TOKEN's long-term technical score of 3 indicates a weak investment opportunity. This score is based on the token's trading patterns over the past several months to a year, considering consistency, volatility, and its position relative to long-term averages. ZUM currently ranks higher than only 3% of crytpocurrencies in terms of long-term technical analysis.
- Solana Community Condemns Spike in Offensive Memecoins
- Mar 23, 2024 at 08:37 am
- Solana's community has denounced a surge in inflammatory memecoins with racist and antisemitic names. DEX Screener, a token monitoring service, is reviewing its policies after the influx of offensive content. The trend has diminished, with backlash memecoins emerging. The crypto industry's memecoin frenzy, fueled by BONK and WIF, has made Solana a hub for memecoin trading due to its low costs and fast transactions. Over 20,000 new tokens are created daily on Solana, with the majority of top trending cryptos on DEX Screener circulating on the network.
- ARK Invest CEO: Bitcoin as "Financial Superhighway" for Emerging Markets Amid Global Turmoil
- Mar 23, 2024 at 08:30 am
- Ark Invest CEO Cathie Wood hailed Bitcoin as a "financial super highway," particularly crucial in emerging markets facing economic headwinds. She emphasized the protective and growth potential of Bitcoin in nations like Nigeria, where local currencies are depreciating. Ark Invest, led by Wood, demonstrates its interest in cryptocurrency through its ARKB spot Bitcoin ETF. Against a challenging macroeconomic landscape, Wood suggests that Bitcoin's appeal is surging in emerging markets, potentially driving its price to new heights, although she refrains from specifying a revised target price, maintaining her previous $1.5 million valuation forecast.
- Long-Term Bitcoin Holders Drive Distribution Patterns, Signaling Market Top
- Mar 23, 2024 at 08:30 am
- Glassnode's analysis suggests that Bitcoin's price tends to reach a potential top when long-term holders (LTHs) show a pattern of sustained distribution. By tracking the "LTH Market Inflation Rate," which measures the annualized rate of Bitcoin accumulation or distribution by LTHs relative to daily miner issuance, Glassnode observes that historically, price peaks have occurred when LTH distribution has peaked. The current trend indicates an early phase of a distribution cycle, with about 30% completed, suggesting significant activity ahead before a potential market equilibrium point and price top.
- InvestorsObserver Flags SENSO as High Manipulation Risk
- Mar 23, 2024 at 08:28 am
- InvestorsObserver assigns SENSO a high risk assessment based on its proprietary scoring system. This system gauges the susceptibility of a crypto asset to manipulation by evaluating price movements, volume changes, and market capitalization. A low score indicates high risk, while a high score represents low risk, with the range spanning from 0 to 100. SENSO's current risk rating suggests caution for investors concerned with market volatility and potential manipulation.
- Chainlink's Long-Term Technical Score: 42, Signaling Bearish Sentiment Among Investors
- Mar 23, 2024 at 08:22 am
- Chainlink (LINK) receives a middling long-term technical score of 42 from InvestorsObserver, suggesting a neutral outlook for the token. This score is based on LINK's trading patterns over the past year, including its consistency, volatility, and position relative to long-term averages. The score indicates that LINK may not be a strong buy-and-hold investment opportunity for long-term investors.
- Altcoins Surge Amid Bitcoin Volatility, Signaling Potential Market Upswing
- Mar 23, 2024 at 08:22 am
- As Bitcoin faces market volatility, investors are exploring alternative investment opportunities in the cryptocurrency market. This article presents a comprehensive list of five must-have cryptocurrencies that are poised for significant gains in the lead-up to the imminent Bitcoin halving event. These crypto projects, including Cardano (ADA), Mina (MINA), Dogecoin20 (DOGE20), Polygon (MATIC), and Bitcoin SV (BSV), exhibit promising potential for 10x or greater returns, backed by strong fundamentals, innovative technology, and market momentum.
- ONDO Token Soars: Market Dynamics and Investment Potential Analyzed
- Mar 23, 2024 at 08:20 am
- ONDO token's recent 40% surge has catapulted its price to a record high, garnering investor attention. Fuelled by a growing holder count, social dominance, and BlackRock's involvement in tokenization, ONDO's market cap has surged to $1.05 billion, ranking it among the top 100 valuable projects. While this surge presents investment opportunities, investors should consider market volatility and conduct thorough research before investing.
- Leeds United Fan Token: InvestorsObserver Flags High-Risk Investment
- Mar 23, 2024 at 08:18 am
- Leeds United Fan Token (LUFC) has been evaluated as a high-risk investment by InvestorsObserver. The analysis considers price manipulation potential based on recent price fluctuations, volume changes, and market cap variations. A lower score on the 0-100 scale indicates higher risk, with LUFC's current rating indicating a need for caution among risk-averse investors.
- Rare Kew Gardens Coin Ignites Bidding Frenzy, Sells for £186.99
- Mar 23, 2024 at 08:16 am
- A Kew Gardens 250th anniversary coin, one of the Royal Mint's rarest, sold for £186.99 on eBay after a bidding war. Released in 2009 with only 200,000 copies, it features the Chinese Pagoda at the Royal Botanic Gardens on its tails side.
- Ormeus Cash Stands Firm in Crypto Storm, Showcasing Unwavering Stability
- Mar 23, 2024 at 08:07 am
- Ormeus Cash (OMC) displays low volatility compared to other cryptocurrencies, ranking in the bottom 1%. Its volatility and risk/reward gauges indicate narrow price fluctuations and protection from manipulation. Despite a slight dip on Saturday, OMC maintains a favorable position with support and resistance levels providing room for price movement.
- Luna Foundation Guard's Crisis Response Fails to Prevent UST Collapse
- Mar 23, 2024 at 08:05 am
- Despite accumulating $3 billion in cryptocurrency reserves, the Luna Foundation Guard's (LFG) plan to protect the UST stablecoin from market turmoil was not fully operational during last week's market crash. As UST lost its dollar peg, LFG scrambled to improvise solutions, including $1.5 billion in loans to maintain the peg and potential additional funding. The lack of a formal structure for the forex reserve and delayed implementation of a smart contract to stabilize UST made it vulnerable to a market rout.
- Animoca's Saudi Foothold: A Gamble for Web3 Dominance
- Mar 23, 2024 at 08:04 am
- Hong Kong's Animoca Brands secures US$50 million from Saudi Arabia for Web3 development. Saudi Arabia's high ARPU, gaming population, and interest in digital property rights make it a priority for Animoca's infrastructure and business operations, while Dubai remains primarily export-driven.
- XRP Slumps Amid Market Turbulence
- Mar 23, 2024 at 08:02 am
- XRP has plunged 20% from its recent highs, indicating a potential downward trend. Key support levels at $0.35 and $0.33 should be closely monitored as they could determine the direction of XRP's movement in the coming days. If these levels fail to hold, XRP may experience further losses, while a sustained recovery above $0.35 could signal a reversal of the current downtrend.
- Claim Free Crypto: Comprehensive Guide to Dai Airdrop Eligibility
- Mar 23, 2024 at 08:02 am
- Eligible participants can claim their free $DAI airdrop through DAOmaker by following these steps:Check eligibility: Visit the DAOmaker website and click the "Check Eligibility" button to determine if your connected wallet meets the criteria.Connect wallet: Connect a supported crypto wallet like MetaMask to your DAOmaker account.Claim tokens: If eligible, click the "Claim" button and approve the transaction in your wallet.Manage tokens: Hold, transfer, or interact with your airdropped $DAI tokens using the connected crypto wallet.
- Presale Success: A Predictor of Crypto Investment Success?
- Mar 23, 2024 at 08:01 am
- Presale success can be a strong predictor of crypto investment success, showcasing market trust and potential financial rewards. However, it's crucial to consider other factors too. Take Pepe for example, a meme coin with a billion-dollar valuation and a volatile future. Despite its massive token supply and meme-coin status driving its value, sustained community support and market demand will determine its success. Meanwhile, ThorChain's bullish performance signals investor confidence in the crypto market.
- Bitcoin Bull Run Predicted in 2024 as Institutions Embrace Cryptocurrency
- Mar 23, 2024 at 08:00 am
- Crypto assets have gained significant traction in recent months due to substantial institutional investments. Bitcoin (BTC) remains a key asset to watch for a potential bull run in 2024, with the upcoming halving event and positive price momentum. Ethereum (ETH) is another promising altcoin, driven by its staking capabilities and potential spot ETF approvals. Solana (SOL) has experienced strong institutional inflows and has shown impressive growth in 2023. Meme coins Dogecoin (DOGE) and BOOK OF MEME (BOME) are also worth monitoring for potential gains.