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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 / 27
- Bitcoin Surges Toward $70,000, Accumulation Points to Extended Rally
- Mar 27, 2024 at 06:14 am
- Amidst resistance at $70,000, Bitcoin surges to its highest point since March 15th, driven by capital inflows into spot ETFs and investor accumulation. Support around $64,000 fuels optimism, while key indicators suggest that participants are preparing for a sustained rally, including increased wallet holdings and decreased exchange deposits.
- Polymesh Low-Risk Investment: Minimal Price Volatility and Market Manipulation Risk
- Mar 27, 2024 at 06:12 am
- InvestorsObserver assigns Polymesh a low risk rating based on its proprietary scoring system. This system assesses the amount of money required to manipulate the price of a crypto over the last 24 hours based on volume and market cap fluctuations. Scores closer to zero indicate higher risk, while scores closer to 100 indicate lower risk. Polymesh's current score suggests that it is not easily manipulated and is thus a relatively low-risk investment.
- Venus BNB: A Low-Risk Investment for Risk-Averse Investors
- Mar 27, 2024 at 06:11 am
- Venus BNB (vBNB) exhibits a low risk profile, according to InvestorsObserver analysis. This assessment considers the token's price volatility, trading volume, and market capitalization over the past 24 hours. The risk gauge ranges from 0 to 100, with lower scores indicating higher risk and higher values denoting lower risk. vBNB's risk gauge score suggests that it is a low-risk investment at present.
- Pepe Technical Analysis Shows Impressive Short-Term Strength
- Mar 27, 2024 at 06:11 am
- Pepe has received a strong short-term technical score of 87, indicating a positive trend. This score is based on price movements and trading patterns, placing Pepe above 87% of tokens in terms of short-term technical analysis. Traders seeking short-term growth may find Pepe's favorable technical score relevant for their investment decisions.
- Neutral Outlook for Wrapped Kava (WKAVA)
- Mar 27, 2024 at 06:11 am
- Wrapped Kava (WKAVA) holds a Neutral rating from InvestorsObserver as of Wednesday due to a 2.45% decrease in its value, down to $0.9921920519. This decline aligns with the broader crypto market, which has experienced a 1.77% dip. WKAVA's Sentiment Score remains Neutral, indicating a stable performance over the past five days based on volume and price fluctuations.
- IDEX Debuts Scalable DEX, Enhances Ecosystem with Hybrid Model
- Mar 27, 2024 at 06:08 am
- CoindarIDEX, a hybrid decentralized exchange (DEX), is preparing for its testnet beta launch and has announced an upgrade to its token and ecosystem. Its integration of an off-chain trading engine with on-chain trade settlement eliminates failed trades and gas fees, while the implementation of immediate trade execution prevents front-running and sandwich attacks. The IDEX token incentivizes user participation, staking rewards, and decision-making privileges.
- Bitcoin surges to $71,045 as bulls roar - Daily Times
- Mar 27, 2024 at 06:07 am
- On Tuesday, the cryptocurrency market maintained its bullish sentiment, with the market cap surging by 5.7% to $2.82 trillion. Bitcoin, the leading cryptocurrency, experienced a 6% increase in value within 24 hours, reaching $71,045. Despite a 12.3% decline over the past week, Bitcoin has exhibited a pattern of reaching new highs followed by corrections throughout March.
- Venus USDT Bulls Charge Ahead Amid Market Woes
- Mar 27, 2024 at 06:07 am
- Venus USDT (vUSDT) has earned a bullish rating from InvestorsObserver due to its recent price and volume performance. Over the last five days, vUSDT has shown a bullish trend, with its price remaining relatively stable while the broader crypto market has declined. The token's current trading position between support and resistance levels, along with its low volume, suggests room for further price movement. Investors may find this crypto suitable for short-term trading opportunities or as a potential buy opportunity. However, due to limited data, some investors may prefer to consider other, more well-established cryptocurrencies.
- OG Fan Token Launches Art Contest, Invites Fans to Showcase Creativity
- Mar 27, 2024 at 06:06 am
- CoindarOG Fan Token is hosting an art competition, with the winning artwork to be displayed at their Lisbon bootcamp practice room. Submissions are open until April 5th at 22:59 UTC. The OG Fan Token project empowers fans with digital influence on team decisions through the Socios platform, leveraging blockchain technology for transparency.
- Is Magnolia Oil & Gas a Smart Investment?
- Mar 27, 2024 at 06:06 am
- Goldman Sachs upgraded Magnolia Oil & Gas (MGY) to a buy recommendation and raised its price target to $28 from $24.50, implying an 11.82% upside potential from Tuesday's closing price. The upgrade follows a series of ratings changes, including a buy rating and $25 target from Bank of America, an overweight rating and $29 target from Piper Sandler, a neutral rating and $26 target from Mizuho, and a sell rating and $18 target from Citigroup.
- MAGA Coin: Political Meme Eyes Presidential Run, but Can Hype Hold Out?
- Mar 27, 2024 at 06:06 am
- Amidst the prevalence of dog-themed meme cryptocurrencies, MAGA Coin (TRUMP) emerges as a novel take, garnering support from politically motivated crypto enthusiasts with its "Make Crypto Great Again" slogan. Leveraging the popularity of former President Trump, the token has experienced a surge in value, prompting speculation about its sustainability beyond the hype.
- COIN Coin Exhibits Stability Amid Crypto Market Volatility
- Mar 27, 2024 at 06:05 am
- Despite the crypto market's volatility, COIN (COIN) remains relatively stable, showing less price fluctuation than the overall market. With a low volatility ranking of 16, COIN is considered less risky and less susceptible to manipulation. Its price remains well-poised, supported at $0.00096822950983285 and facing resistance at $0.00121842233458399, indicating potential for further growth.
- Blockchain to Fuel Exponential Growth in US Manufacturing
- Mar 27, 2024 at 06:05 am
- The blockchain technology market in the U.S. manufacturing sector is projected to grow from $30 million in 2020 to $566 million by 2025, at a compound annual growth rate of 80 percent, according to a recent report by ReportLinker.
- Collectible Market Regains Strength as NFT Hype Dwindles
- Mar 27, 2024 at 06:04 am
- Non-fungible tokens (NFTs) have lost popularity as trends have shifted towards AI and VR. Despite initial celebrity involvement, NFTs have experienced significant devaluation. Comedian Kevin Hart's Bored Ape Yacht Club NFT purchase for $200,401 in January 2022 resulted in an 81% loss, selling for $47,000 in March 2024. Justin Bieber's NFT purchase also faced devaluation, dropping by over 95%. A study by dappGambl revealed that 95% of NFTs have zero market cap, indicating the potential worthlessness of investments.
- ALGO Technicals Signal Potential Price Movements in 2024 and Beyond
- Mar 27, 2024 at 06:03 am
- Algorand (ALGO) has a bullish price prediction of $0.2120 to $0.2935 for 2024, with a potential of reaching $0.5 soon. Conversely, a bearish prediction suggests a drop to $0.1035. Technical indicators such as RVOL, MA, RSI, ADX, and RVI provide insights into the market's strength and volatility. By comparing ALGO with BTC and ETH, similar price movements are observed. Future price estimates range from $0.6 to $1.5 from 2025 to 2030, based on current market conditions and expected upgrades within the Algorand ecosystem.
- Beam Global Anticipates Earnings Announcement on March 27
- Mar 27, 2024 at 06:02 am
- Beam Global, a cleantech company focusing on renewable infrastructure, is set to release its quarterly earnings on March 27th. Its stock, currently trading at $6.68, has been fluctuating within a year-long range of $5.00-$17.14. Despite a recent decline, the company has seen institutional investor interest, with Hedge Funds like Advisor Group Holdings and Citigroup adding to their stakes. Beam Global's core products include EV chargers powered by solar and battery storage, offering a sustainable and reliable solution for electric vehicle charging infrastructure.
- XRP Set to Ride the Bullish Wave Amidst Enhanced Liquidity and Legal Optimism
- Mar 27, 2024 at 06:02 am
- XRP, the digital asset by Ripple Labs, is anticipated to experience a potential bull run based on its strong technical indicators and the recent implementation of payment solutions by Ripple Labs. Despite an ongoing legal battle with the SEC, optimism surrounds XRP's future, with analyst Tony "The Bull" Severino forecasting a substantial upward movement.
- Cronos Group Soars on Surge in Trading Volume
- Mar 27, 2024 at 06:02 am
- Cronos Group Inc. (NASDAQ:CRON) experienced exceptional trading volume on Tuesday, with 4,756,022 shares changing hands, marking a 91% surge from the previous session's volume. The stock closed at $2.67, up from its previous closing price of $2.49.
- Points: Predatory Gambling or Path to Fairness in Crypto?
- Mar 27, 2024 at 06:01 am
- Points, offered by blockchain applications to incentivize usage, exploit our desire for gambling. Inspired by liquidity mining, airdrops have become a common growth-hacking tactic. However, points today have evolved into predatory programs with opaque rewards, arbitrary changes, and potential for abuse. While points themselves are not inherently problematic, their current design preys on users and undermines the principles of transparency and fairness in decentralized finance.