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Cryptocurrency News Articles
This week, key economic events in the U.S are set to capture the attention of crypto investors.
Mar 04, 2025 at 08:16 pm
The shift in market sentiment is a result of President Donald Trump's recent executive order to establish a crypto strategic reserve.
This week, key U.S. economic events are set to influence the broader crypto market, particularly impacting the price of Bitcoin, according to reports by Benzinga.
Also, tokens across various asset classes are rallying, and cost-effective options are seeing a surge as anticipation builds for the White House Crypto Summit on March 7, which could influence the future of U.S. digital asset policies. Many are looking into the Best Altcoins to Buy Now, hoping to capitalize on emerging trends and potential market shifts.
Here's a glimpse into five tokens that are showing promise:
1. Wormhole (W)
Wormhole has been gaining traction as a multichain interoperability protocol, attracting interest from institutional-grade assets and stablecoin issuers. Several well-known entities have chosen Wormhole to support their transition to multichain frameworks, highlighting its growing role in tokenization.
Among these institutions, BlackRock (NYSE:BLK), managing $11.6 trillion in assets, has launched a BUIDL fund in partnership with Securitize to tokenize private equity funds and other investment vehicles on multiple chains.
Apollo Global Management (NYSE:APO), backed by $730 billion in assets, is also deploying Wormhole through Securitize for diversified credit securitization. This move aims to expand access to private capital markets and facilitate efficient capital deployment across various asset classes.
institutional-grade assets are choosing Wormhole to go multichain.
✅ BlackRock BUIDL ($11.6 trillion AUM) goes live with Wormhole via @Securitize for institutional-grade, multichain fund tokenization ($BUIDL).
✅ Apollo Global ACRED ($730B AUM) selects Wormhole via Securitize… pic.twitter.com/Ri54rtLnUe
— Wormhole (@wormhole) March 3, 2025
These collaborations suggest a steady increase in the adoption of multichain solutions for real-world assets (RWAs), institutional funds, and prominent stablecoins, with Wormhole playing a key role in this transition.
Regarding its market performance, the current price of Wormhole’s token (W) is approximately $0.1114, reflecting a 19.44% decline over the past 24 hours.
Looking ahead, projections for April 2025 indicate a potential price range between $0.3624 and $0.5539, with an average forecast of $0.4667. If these predictions hold, this could imply a return on investment (ROI) of roughly 397.74%.
2. Maker (MKR)
In February, key metrics for the Maker’s Sky ecosystem showed notable shifts, highlighting growth in certain areas and adjustments across the protocol. The total supply surpassed 9 billion, reflecting steady expansion. A significant milestone was USDS flipping DAI, signaling a shift in stablecoin positioning within the ecosystem. The Sky Savings Rate was also adjusted, likely in response to evolving market conditions. Multichain adoption also saw an uptick, indicating a broader network reach.
USDS in Sky Token Rewards experienced considerable growth, rising from 236 million to 461 million. These rewards earn an 8.12% APY in SKY tokens, reinforcing participation incentives.
9 billion supply surpassed. USDS flipped DAI. Sky Savings Rate adjusted. Multichain adoption accelerated.
A thread on February’s key protocol metrics. pic.twitter.com/x10GDxPleT
— Sky (@SkyEcosystem) March 3, 2025
These developments highlight the dynamic nature of the Maker ecosystem and its response to shifting market trends.
As for the token itself, Maker (MKR) is currently trading at approximately $1,417.92, 19.26% below its 200-day simple moving average (SMA) of $1,738.24. This marks a 78% decrease from its all-time high.
Over the past 30 days, MKR recorded 15 green days, meaning the daily close price exceeded the daily open price half the time.
3. Polygon (MATIC)
Polygon has shown notable activity in the payments space, supporting transactions with USDC and USDT. According to recent data, Polygon ranks as the third-largest blockchain in active on-chain addresses for USDC, highlighting its growing role in stablecoin transactions.
Currently, the price of MATIC stands at $0.246218, reflecting a 13.13% decline over the past 24 hours. Despite this short-term drop, the token’s performance remains positive compared to its initial sale price.
Polygon's 24-hour trading volume, relative
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- XRP Price Surges on Trump's 'Crypto Capital of the World' Vision
- Mar 05, 2025 at 01:25 am
- The initiative, which would include XRP alongside Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA), has fueled speculation about increased institutional adoption and regulatory shifts in the cryptocurrency landscape.