Saturday saw a tremendous increase in the price of Terra Luna Classic ecosystem tokens due to the removal of 1.85 billion USTC and 222 million LUNC tokens from circulation in the Luna Foundation Guard (LFG). In only a few hours, the price of LUNC surged by more than 10% and
Toncoin (TON) has emerged as a standout performer in the cryptocurrency market, defying bearish trends to surge by an impressive 198% since the start of the year, reaching new highs around $7.2. Despite a bearish trend since April 11, TON’s price surged by 9.7% in the last 24 hours, rising
AKT, the native token of a decentralized cloud computing platform Akash Network, has observed a 26% rally in the last 24 hours. This surge is triggered by the disclosure of a 40% surge in its quarterly revenue. AKT’s bullish streak is also evident on its weekly price chart. Over the
VELO has emerged as a standout performer, reaching a nearly two-year high at $0.02861, marking a remarkable 13-month peak. Dubbed the “XRP of South East Asia,” VELO has been capturing the attention of crypto traders with its meteoric rise, surging by 113% in just a month. With its current trading
Recently, Deutsche Bank’s research analysts sounded the alarm about the stablecoin industry, predicting that the majority of pegged currencies would eventually collapse. Deutsche Bank examined 334 currency pegs and discovered that just fourteen percent had prevailed so far. An analysis by the analysts concluded, “Some may survive, although most will
Sam Altman’s Worldcoin has accomplished yet another great feat. The fact that the organization has expanded its World ID verification program to Peru demonstrates its determination to increase its influence throughout the world. With the support of Worldcoin’s Orb verification—an essential part of World ID verification—the project has made great
While the global crypto market is experiencing a decline, THORChain, the liquidity protocol native token RUNE, surged over 13% in the past 24 hours, rising from $5.35 to $6.11 and claiming a top spot among gainers. The token had been relatively stable, trading within the range of $4.95 to $5.54
Solana (SOL), one of the leading cryptocurrencies, has encountered a modest downturn in the past 24 hours, signaling a slight deviation from its recent upward trajectory. As of the latest data, SOL is down by 3% within this timeframe, accompanied by an 11% decrease in trading volume. Last seven days,
The data researchers at CryptoQuant have said that the Dencun upgrade has rendered ether inflationary once again, which might lead to the loss of its characteristic as “ultra-sound” money. Since the Merge, when Ethereum switched from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, the amount of ether burned
The downtrends of the majority of altcoins in the market still resume. Ethereum (ETH), the largest altcoin by market cap, resumes to be under the bearish locks over the past 30 days with a 19% decline in price. ETH left the $3,500 zone behind on April 12, signaling the start
