Tue, September 29

Chainlink (LINK) Turns Bullish. Another Rally Ahead?

While the global crypto market is facing a downturn, Chainlink (LINK) displayed a notable uptrend, rebounding from a test of the 50-day exponential moving average (EMA) observed in the previous trading session. The bulls showcased probability, recovering over 16% of the prior day’s losses, propelling LINK’s value higher. Chainlink encountered

January 20, 2024 2 mins read

What Is SatoshiVM? Is the Bitcoin L2 Hype Real?

The cryptocurrency market was buzzing with the rapid rise and fall of SatoshiVM (SAVM), an Ethereum-based token, as an anonymous trader turned a $681,000 investment into a significant profit of over $6.77 million within three hours of the token’s launch. Taking advantage of the hype surrounding the new Layer 2

January 20, 2024 2 mins read

USDT Issuer Tether Bought $380 Million Worth of Bitcoin

Tether, the issuer of the USDT stablecoin, has been heavily investing in Bitcoin throughout Q4 2023, purchasing a large number of BTC.  In the last phase of the past quarter, Tether added $380 million worth of bitcoin to its holdings, further solidifying its position in the crypto market. As a

January 18, 2024 1 min read

Donald Trump Opposes CBDC in Latest Campaign Address

There has been some talk about digital currency deployment among central banks throughout the globe, as people move away from using physical cash and toward online and electronic payment methods. In these continuing discussions on the development of payment mechanisms, the U.S has been keen on introducing a CBDC. Trump

January 18, 2024 2 mins read

Shiba Inu Burn Rate Surges But Will That Help SHIB Bulls?

Shiba Inu, a prominent memecoin has recently caught the attention of the cryptocurrency community due to a significant surge in burn rates, marking a 6,000% increase, according to the Shibburn wallet tracker. This surge indicates a deliberate effort to lock away a substantial amount of SHIB tokens, potentially impacting its

January 18, 2024 2 mins read

Crypto Trader Turns 4.3 Ethereum (ETH) into $1.14M with This Meme Coin

A crypto trader capitalized on Elon Musk’s social media antics, raking in astonishing profits by investing in a meme coin that sprung to life following a whimsical tweet by the Tesla CEO. It all began when Elon Musk, known for his influential presence in the crypto space, decided to have

January 17, 2024 2 mins read

Litecoin Shows Resilience and Potential for Upside Amidst Key Developments

Litecoin’s price journey over the past few weeks reveals a notable decline from its peak at $115 in July 2023. This descent led to a low point of $56 in August. Following this dip, Litecoin initiated a brief recovery before witnessing another downturn. However, what stands out is the creation

January 17, 2024 2 mins read

Morgan Stanley Backs Stablecoins Against USD De-Dollarization

In light of worries over de-dollarization, renowned financial institution Morgan Stanley expects stablecoins to support the US dollar (USD). In light of the proliferation of digital currencies, this report examines the threats that the US dollar faces. It also highlighted international initiatives aimed at promoting de-dollarization. Despite the United States’

January 16, 2024 2 mins read

Pepe Coin Shows Signs of Potential Bottom Amidst Recent Price Action

Pepe Coin’s price had been confined under a descending resistance trend line since May 2023, a decline that reached its low point in September. However, from that point on, PEPE initiated an upward trajectory that has continued to date. After facing its fourth failed breakout attempt, denoted by the red

January 16, 2024 2 mins read

Massive $255 Million XRP Transfer Sparks Speculation

In the latest development involving the cryptocurrency XRP, a substantial transfer of 443.1 million XRP, equivalent to $254.8 million based on the current price of $0.573 per XRP, has taken place between two wallets. The transaction, which occurred just over an hour ago, has garnered significant interest and speculation within

January 16, 2024 2 mins read