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Showing posts with the label cryptocurrency market

CHART: President Trump's memecoin is doing poorly

The “official” Donald J. Trump memecoin, TRUMP, has done extraordinarily poorly despite endorsements from his children. It was launched on January 18 this year, two days before Trump’s inauguration, and data from CoinGecko says that its market capitalization was $5.8 billion. This was immediately valuable to the Trump family, with the official website noting that 80% of the total supply was held back for the “creators and CIC Digital” and would be valued at $4.6 billion on this first day of trading. CIC Digital is a firm linked to the Trump family. Read more: ANALYSIS: Mapping Donald Trump’s growing crypto empire Eric Trump endorsed this coin on the day of its launch, stating, “$Trump is currently the hottest digital meme on earth.” Donald Trump Jr. endorsed it a day later, stating literally the exact same thing. It quickly reached a peak market capitalization of approximately $8.8 billion on January 22, which ...

Rumble At The Core: How Tether Plans To Dominate The US Stablecoin Market

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Warning: BlackRock’s Ethereum sale may spook investors

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Ethereum (ETH) exchange-traded funds (ETFs) saw another day of significant outflows, with $108.31 million in withdrawals reported on Tuesday, September 23.  Surprisingly, BlackRockdid not report the largest losses, losing only 3,630 ETH, worth approximately $15.1 million, however, its sale is still notable, as the fund had not sold Ethereum in nearly a week, since September 17, when it dumped over $20 million worth of the cryptocurrency, again exactly one week after selling over $45 million in ETH, according to data retrieved by Finbold from Arkham. BlackRock Ethereum outflows. Source: Arkham Intelligence Also worth noting is the fact that no Ethereum fund saw any inflows yesterday, showing that major issuers have turned more cautious in the face of heightened volatility. Ethereum still struggling  In terms of price, Ethereum traded at $4,180 at press time, down more than 7% on the weekly chart. Its market capitalization stood at $504.52 billion, while...

Why You Should Buy Shiba Inu Now

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Shiba Inu is among the top meme coins in the cryptocurrency market, sharing the dais with Dogecoin, Floki, Pepe, and Bonk. It boasts of around 1.5 million investors who are spread across the globe and dream of it hitting 1 Cent. It’s been five years since its launch, and SHIB has managed to delete six zeroes in the indices. It was trading between nine and 10 zeroes on the year of its launch in 2020. The dog-themed token has been trading with four zeroes and is struggling to delete them for four years. Investors who took an entry position from late 2021 are all facing significant losses. Shiba Inu is hovering around the $0.000012 range on Monday and has been mostly trading sideways for three months. It has delivered little to no price spurts, and the token is testing the patience of present-day investors. However, this could be the best time to accumulate SHIB. Also Read: Are You a Shiba Inu Long-Term Investor? What To Expect by 2030 Best Time to Buy Shiba Inu Could Be Now Source: ...

Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin SeasonBitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

AI Predicts Dogecoin's Price If Bitcoin Reaches $150,000

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Bitcoin (BTC) and Dogecoin (DOGE) are both trading in the green zone today. The crypto market seems to be slowly recovering from yesterday’s sell-off. BTC is inching closer to reclaiming the $100,000 mark once again. Despite the rally, the original crypto faces considerable resistance at the $97,000 mark. DOGE, on the other hand, is struggling to breach the $0.19 mark. Also Read: Nvidia Chip Export Restrictions: CEO Warns Legislation Could Impact NVDA Stock How High Will Dogecoin Go If Bitcoin Hits $150,000? Source: Watcher Guru Bitcoin (BTC) has had multiple all-time highs over the last year. The asset hit its most recent peak of $108,786 on Jan 20 of this year. DOGE, meanwhile, has struggled to gain momentum over the last few years. The memecoin has had sporadic rallies, but has not hit a new all-time high since May 2021. Also Read: AI Predicts How High NEAR Will Rise In May 2025 According to X’s Grok AI, if BTC hits $150,000, its price will rally by 54.76%. If DOGE rallie...

Ripple (XRP) May 2025 Price Prediction

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Ripple’s native token XRP entered May 2025 on the back foot as its price has mostly stagnated in the charts. The leading altcoin has been trading sideways with little to no growth spurts for close to a week. The broader cryptocurrency market has also remained calm except for Bitcoin as it soared to a high of $96,300 this month. Also Read: Latest Forecast Shows Ripple (XRP) Reaching $6.4: See the Timeline Source: Coingecko If BTC climbs above the $100,000 mark again, leading cryptocurrencies could begin to rally in the indices again. Now that Bitcoin is close to touching $100,000 again, will XRP surge in the charts and deliver profits? In this article, we will provide a price prediction for Ripple’s native token XRP for May 2025. Also Read: De-Dollarization: Nigeria Regrets Ditching the US Dollar For Trade May 2025 Price Prediction For Ripple’s XRP Source – CryptoRank Leading on-chain metrics and price prediction firm CoinCodex remains relatively bullish for Rippl...

Trump’s first 100 days in office erase over 20,000 Bitcoin millionaires

According to new research from Finbold, President Donald Trump’s first 100 days in office have seen a sharp drop in fortunes for Bitcoin (BTC) holders. Despite a surge in optimism after his historic re-election in November 2024. While the billionaire was welcomed for his pro-crypto rhetoric and, thus, Bitcoin soared to new all-time highs (ATH) above $109,000 in his anticipated return to the White House, his actual presidency has so far been more bearish than bullish. As President Donald Trump’s first 100 days in office elapsed, Finbold research uncovered that between January 21 (Trump’s first full day in office) and April 30, the actual policy landscape under his administration coincided with a 13.22% drop in Bitcoin millionaire addresses. There were 157,563 addresses with between $1 million and $9.99 million worth of Bitcoin on January 21 and 12.61% fewer – 137,694 – on April 30, per data retrieved from BitInfoCharts via the Wayback Machine . In total, 19,...

Ripple (XRP) Announces Major Partnership Deal With South Korea

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Amidst the increased volatility in the cryptocurrency community, Ripple was seen expanding. The firm behind XRP did not let the bearish market stop it from entering new regions. More recently, the platform announced its entry into South Korea through a partnership with a prominent digital asset institutional custody firm, BDACS. Ripple’s latest partnership is expected to further boost the presence of XRP in the country. But has this deal impacted the price of the altcoin? Also Read: Broadcom (AVGO) Jumps 5%, AI Stocks Bounce Back: $250 Next? A Dive Into The Latest Partnership Source: Watcher Guru The latest collaboration intends to aid Ripple & BDACS in expanding South Korea’s institutional custody market and opening up new commercial and technological prospects. In line with the Financial Services Commission’s (FSC) plan for South Korea, Ripple and BDACS are collaborating to facilitate institutional investment in the cryptocurrency industry. Through this partnership, ...

The rise of memecoins on BNBChain

The Rise of Memecoins on BNB Chain Memecoins have become a dominant force in the cryptocurrency market, and BNB Chain has emerged as a hotspot for their rapid growth. With its low transaction fees, high scalability, and strong community support, BNB Chain provides an ideal environment for launching and trading memecoins. Unlike traditional cryptocurrencies, memecoins often gain traction through viral marketing, online communities, and celebrity endorsements. Coins like $PEPE, $FLOKI, and $DOGE-inspired tokens have flourished on BNB Chain, benefiting from its fast and cost-effective transactions. This has allowed retail investors to trade and participate in meme-driven financial ecosystems without the high gas fees seen on Ethereum. The rise of memecoins on BNB Chain is also fueled by decentralized exchanges (DEXs) like PancakeSwap, which offer easy access to new token launches. Additionally, the presence of launchpads and NFT integrations enhances the ecosystem, enabling memecoins to e...

How High Will Shiba Inu (SHIB) & Ripple (XRP) Will Surge By February End?

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While the current cryptocurrency market awaits its bullish upswing in the most promising manner, investors, on the other hand, are banking on individual tokens to take their first flight. Coins like Shiba Inu (SHIB) and Ripple (XRP) have been on people’s radars for a long time and continue to attract mainstream momentum. Will these two coins do better than the most popular ones in the market? Let’s find out. Also Read: GTA 6 Price: Will It Be The Most Expensive Game To Play? Shiba Inu Price Prediction: February End Source: Watcher Guru Shiba Inu is currently attracting mainstream momentum in many ways. Firstly, the SHIB ecosystem is undergoing a pivotal shift, with Shytoshi Kusama assuming a new role as a global ambassador of the ecosystem. That being said, the token is currently sitting at $0.00001513, down 2% in the last 24 hours. Per CoinCodex, Shiba Inu may note a modest uptick later to surge and sit at $0.00002133 by February 28, 2025. Source: CoinCodex However, the tok...