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Showing posts from May, 2024

2 cryptocurrencies to reach $50 billion market cap in the first half of 2024

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The crypto currency market is showing signs of recovery, with the total market capitalization rising by approximately 2.50% in the last 24 hours to reach $2.55 trillion on May 18.  This ongoing bullish sentiment particularly benefits several cryptocurrencies on the verge of significant market cap milestones, notably the $50 billion mark. Finbold has identified two altcoins—XRP (XRP) and Dogecoin (DOGE)—that could potentially reach a market cap of $50 billion by the first half of 2024. These digital assets have favorable conditions that could drive their market capitalization higher. Picks for you We asked ChatGPT-4o what will be Solana price at the end of 2024; Here’s what it said 2 hours ago Bitcoin surge incoming? Tether mints another $1 billion USDT  2 hours ago Short squeeze alert: This crypto currency could skyrocket next week 2 hours ago Is Silver set to outperform Gold by 2024? 4 hours ago XRP XRP’s price performance has been challe

Chainlink Soars 16%+ in 24 Hours After Completing Fund Tokenization Pilot With Major Securities Settlement Firm

Decentralized oracle network Chainlink (LINK) is skyrocketing after completing a fund tokenization pilot with the Depository Trust and Clearing Corporation (DTCC). According to a new press release, the DTCC has developed a new pilot program, known as Smart NAV, which utilizes both the firm’s digital asset capabilities as well as Chainlink’s data feeding and interoperability services. “In its simplest form, Smart NAV centers around providing the capability to make trusted, verifiable data available on (virtually any) blockchain network(s) to support the use of that data in business workflows. DTCC served as the provider, or sourcer, of that data, as well as the governor of the on-chain solution that stores that data, while Chainlink’s CCIP (cross-chain interoperability protocol) served as the interoperability layer.” News of the partnership sent LINK flying, as the digital asset went from a 24-hour low of $13.84 to trading for $16.11 at time of writing, a 16.4%

An Ichimoku Death Cross Plagues US Dollar: What Does it Mean for USD?  An Ichimoku Death Cross Plagues US Dollar: What Does it Mean for USD? 

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The US dollar index is currently standing strong amidst the continuous economic pressure that the index faces frequently The index is currently printing a new development dubbed the Ichimoku Death Cross that could eventually impact the USD’s global resilience and stability. Let’s take a look at what this means for the US dollar in holistic terms. Also Read: Currency: What To Expect From The US Dollar Today  Ichimoku Death Cross: How Will The Dollar Fare? Source: Freepik.com Per Titans of Crypto, a new Ichimoku Death Cross has appeared in the US dollar index on the daily time frame. The notable analyst was quick to share the update by uploading a death cross-development chart hovering over the USD index on X.  In traditional trading jargon, the Ichimoku indicator refers to the support, resistance, trend direction, and momentum that an asset may usually portray. Similarly, a death cross in trading denotes a pattern where an asset notes a significant decrease in its shor

US Senate votes to overturn SEC rule, allowing regulated firms to hold Bitcoin

60-38 in the Senate voted in favour of overturning the SEC rule. Bipartisan support signals a potential shift in crypto regulation. Presidential veto possible. In a landmark decision, the US Senate has voted to overturn a key Securities and Exchange Commission (SEC) rule that barred regulated financial firms from holding Bitcoin and other cryptocurrencies. The legislation, known as H.J. Res. 109, previously passed in the US House with bipartisan support and the Senate’s support signals a potential shift in the regulatory landscape for digital assets in the United States. Bipartisan support for H.J. Res. 109 reversal The decision to overturn the SEC’s Staff Accounting Bulletin (SAB) No. 121 garnered significant bipartisan support in both the House and the Senate. The rule, which had been in effect for two years, prohibited regulated financial institutions from holding cryptocurrencies. However, lawmakers have moved to invalidate this restrictive regulati

Crypto.com introduces instant card top-ups for the US Fiat Wallet

Crypto.com, a global cryptocurrency exchange, has announced that users can now fund their Fiat Wallet using a US bank-issued debit card.  This marks a first in the US crypto market, providing users with a more convenient and rapid way to trade cryptocurrencies. Buying crypto with a debit card With the new feature, users can now transfer funds from their debit cards anytime, anywhere, and instant ly, allowing for quicker and more efficient trading. Picks for you Andrew Tate to dump fiat and buy $100M worth of Bitcoin 31 mins ago Bitcoin is up $3,000 as U.S. CPI data reveals slower inflation in April 15 hours ago Crypto trader turns $155,000 to $1.16 million in two days 15 hours ago Buy signal? XRP whales stack $55 million in two weeks 16 hours ago Hello, America! We’re rolling out a new feature to our U.S. users: Instant card top-ups to your https://t.co/vCNztATSCO App Fiat Wallet Deposit USD using a debit card or Apple Pay / Google Pay

Pyth Network Introduces Pyth Price Feeds on XION

The Pyth Network and XION have joined forces to empower developers with access to reliable, high-quality data. This paves the way for a new generation of user-friendly decentralized applications (dApps) aimed at mainstream adoption. As of today, developers building on XION can leverage over 500 real-time price feeds for various assets, including traditional financial instruments and digital currencies. This integration empowers them to create reliable and trustworthy dApps that drive mass adoption of blockchain technology. By integrating Pyth’s pull oracle, XION applications can request price updates directly from the Pyth network whenever needed. This permissionless and gas-efficient approach ensures XION users always have consistent access to the latest market data and high-frequency updates. Unlocking New Possibilities for Developers The Pyth and XION integration opens exciting new avenues for developers to create groundbreaking consumer-facing dApps. By leveraging Pyth’s permission

Hot New Solana GameFi Token Mega Dice Blasts Past $1 Million Raise In Crypto ICO

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Trending new Solana GameFi token Mega Dice ($DICE) has smashed through the $1 million milestone in its ongoing presale. On sale at an initial price of $0.069, the $DICE presale price has today risen to $0.075, representing an 8.6% hike.  Moving quickly now will secure buyers the lowest possible entry point for this much-talked-about presale, improving the chances of capturing a potential 100x return on investment or more. $DICE presale is targeting a soft cap minimum raise amount of $5 million. The team looks to the success of Rollbit ($RLB) as a baseline. Given its superior feature set, $DICE buyers are confident that Rollbit’s 7,700% return to date for its early investors is more than achievable. $DICE is a fair presale. None of the 420 million tokens up for grabs are allocated to the team. As the native token of the Mega Dice platform, $DICE has valuable utility, which leaves the likes of competitors Rollbit wilting in the shade.  $DICE

Ripple Holds Strong in Launching Channel; Analyst Predicts XRP Target

Ripple (XRP) has been gaining traction as it continues to hold strong within its “Launching Channel.” According to a recent tweet by prominent Ripple analyst EGRAG Crypto, XRP’s price action is showing signs of bullish strength. This indicates that the digital asset may be gearing up for a significant surge in the coming months. XRP’s Launching Channel Signals Bullish Strength The Launching Channel, as identified by EGRAG Crypto, is characterized by partial wicking candles, with the top end displaying an ascending consolidation pattern. This formation suggests that XRP is exhibiting bullish strength, despite the recent volatility in the cryptocurrency market. Also read: Shiba Inu: ChatGPT Predicts When SHIB Could Hit ATH #XRP Launching Channel:#XRP is holding strong LIKE A BOSS🦾. The Launching Channel Features partial wicking candles, with the top end showing an ascending consolidation, indicating #Bullish strength. I'll start worrying if we lose the Launching

Michael Wrubel Reviews the Top AI Meme Crypto for 2024

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Michael Wrubel reviews the new meme coin AI crypto presale, WienerAI, and shares his investment in it because of its potential. Over the past couple of months, meme coins have dominated the crypto space, becoming the top-performing sector in crypto during Q1 of 2024. Michael Wrubel has been doubling down on his meme coin investments, often asking his Twitter followers for recommendations on which projects to consider. Recently, he came across a project called WienerAI and decided to invest in it. WienerAI: Make smarter crypto trades with this AI-powered meme coin Meme coins have come a long way since their start as pure entertainment. WienerAl, featuring an adorable wiener dog, goes beyond just being cute. It merges Al with blockchain and humor, making it more than a digital asset—it’s the ultimate beginner-friendly crypto trading bot. With predictive technology, an easy-to-use interface, and tons of Features , WienerAI gives crypto traders a significant advantage, potentially s

Dogecoin: How High Can DOGE Surge Mid-May?

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The journey of Dogecoin [DOGE] continues to be a wild ride as the meme-inspired digital asset faces turbulent times in mid-May 2024. Recently, it experienced a downturn, slipping below the $0.150 mark, leaving investors pondering: what’s the upper limit for DOGE’s surge? After dropping below the critical support level of $0.145, Dogecoin entered a short-term bearish phase, echoing the sentiments seen in other leading assets like Bitcoin [BTC] and its counterpart Shiba Inu [SHIB]. However, at press time, DOGE recorded a 7% rise and was trading at a high of $0.1527. Source Despite these price fluctuations, DOGE’s on-chain metrics present a different narrative. Data from IntoTheBlock notably highlights how large holders of DOGE have adjusted their positions, with the net flow of the asset skyrocketing from negative figures to an impressive 386 million DOGE. Furthermore, there was an increase in inflows to the wallets of large holders as well. It almost doubled within a s

Top Crypto Gainers Today May 13 – OctaSpace, Powerledger, Zeebu, Artrade

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In the rapidly evolving global crypto market, advancements in blockchain technology continue to push boundaries. Lightning Labs , the developer behind Bitcoin’s Lightning Network, recently conducted successful tests. These tests are aimed at enabling stablecoin issuance on the Bitcoin blockchain. During the Financial Times Crypto and Digital Assets Summit, Lightning Labs CEO Elizabeth Stark made a significant announcement. She highlighted the breakthrough in protocol, emphasizing its potential to address real-world problems. Moreover, she noted its capacity to attract more users to digital assets. This is good news for the crypto community as it broadens investment opportunities and expands cryptocurrency utility. Biggest Crypto Gainers Today – Top List Today’s crypto market is exciting as OctaSpace, Powerledger, Zeebu, and Artrade emerge as the top gainers . OctaSpace, transforming cloud computing and distributed services, surged 25.50% in the last 24 hours. Powerledger, leading th

NFT Bridges joins Chainlink

NFT Bridges joins the Chainlink BUILD Program. Within the BUILD initiative, NFT Bridges are designed to boost ecosystem expansion and promote the widespread use of cross-chain NFT applications, along with increasing NFT liquidity. This is achieved by leveraging Chainlink’s top-notch Oracle services and technical assistance. The aim is to boost crypto economic security by providing incentives like network fees to the Chainlink community and service providers, including stakers. Participating in BUILD strengthens NFT Bridges’ connection with Chainlink. It provides enhanced support. It also adds more opportunities for dApps needing cross-chain NFT support and fosters a closer relationship between the two communities. The platform is optimistic that by providing improved support, secure off-chain services, and leveraging the active Chainlink community, they can boost the visibility of cross-chain NFTs and achieve widespread acceptance of a highly liquid NFT ecosystem abstracted on the bloc

Dogecoin’s ‘golden cross’ could spark a 100% price rally for DOGE 

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Dogecoin (DOGE), the leading meme cryptocurrency by market capitalization, is signaling a possible bullish trend with the emergence of a “golden cross” pattern in its technical charts. This pattern previously foreshadowed a significant price rally in early 2021. Currently price d at $0.1438, DOGE has declined by 4.70% over the past day but has shown robust year-to-date (YTD) growth of 60.32%, significantly outpacing Bitcoin (BTC), which has seen a YTD increase of 43.565%. The 50-week simple moving average (SMA) of Dogecoin’s spot price is trending upwards and is projected to surpass the 200-week SMA soon, potentially forming a “golden cross”. Picks for you Here's why you should closely watch these 2 cryptocurrencies in May 1 min ago Short squeeze alert for the week: Two cryptocurrencies with potential to skyrocket 1 hour ago Opportunity? China’s demand for gold surged 68% YoY in 2024 Q1 2 hours ago Investing veteran warns three market crashes coming

Optimism surges as India reopens doors to offshore crypto exchanges 

In a notable shift within its financial regulatory framework, India has reopened its doors to offshore crypto currency exchanges , with Binance and KuCoin leading the way to secure approvals from India’s Financial Intelligence Unit (FIU-IND). This development is poised to significantly alter the landscape for crypto currencies in India. After a challenging period marked by bans due to alleged non-compliance with local laws, these major exchanges have now successfully navigated the regulatory hurdles, signaling a fresh start in a market valued at over $260 billion. Binance and KuCoin’s re-entry into the Indian market comes after months of rigorous scrutiny and adjustments to meet the demands of Indian regulators. KuCoin has taken proactive steps by settling a $41,000 penalty, which has facilitated a swift resumption of its services.  Picks for you What would happen if we returned to the gold standard? 59 mins ago 2 cryptocurrencies to reach $1 billion market cap