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Shiba Inu is on the verge of claiming a new ATH price, a coveted price level that may help turn the tables on SHIB investors. The token has long been levelling the field, enticing its investors, and refuelling their hopes. It’s been a while since SHIB has initiated a bullish price surge. With the token putting in efforts to hit $0.00006, here’s when the token can finally claim the coveted price spot. Also Read: US Dollar in Dangerous Waters: DXY Index Could Fall Below 100 Shiba Inu’s Current Status and Future Prospects Source – Token Metrics Shiba Inu: Surge Drivers Shiba Inu is currently at a price level of $0.00001488, down 4% in the last 24 hours. The SHIB’s ecosystem is also busy adding new elements for consumers to tinker with. The Shiba Inu ecosystem is working on launching a Shib marketplace, SHIB DeFi, and SHIB Socials to gain mainstream momentum. Shib Social pic.twitter.com/SEwlw9lHi8 — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) August 14, 2024 The new functionalities bein...

The Popcat price pumped over 5% in the last 24 hours to trade at $0.7621 as of 7:03 a.m. EST as investors identify the meme coin’s current level as a buy opportunity. With this recent gain, the POPCAT price is up more than 95% on the weekly timeframe. However, its monthly performance is still 13% in the red. The Popcat Price Enters A Period Of Sideways Trading 4-hour chart for POPCAT/USD (Source: GeckoTerminal ) The Popcat price has been in a short-term consolidation between $0.6951 and $0.7759 over the past 48 hours. This period of sideways trading could be the build up to a strong move. Should POPCAT start to climb in the short term, the meme coin might attempt to flip the resistance level at $0.7759 into support. Thereafter, the crypto could rise to as high as $0.8609 in the short term. On the other hand, traders deciding to dump POPCAT in the coming couple of days could lead to the crypto losing the immediate support level at $0.6951. Falling below this technical safe...

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The African nation Ghana is looking to back its local currency, the Cedi with gold. Ghana’s Vice President Mahamudu Bawumia pledged to back the Cedi with gold to solve the nation’s instability issue. The policy is yet to be implemented and could usher the country into a new era of monetary standards. Backing their currency with the gold standard comes straight out of the BRICS playbook where the alliance is looking to end reliance on the US dollar. Also Read: More Than 50 Countries Could Accept BRICS Payment System Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Ghana is now following the footsteps of the de-dollarization initiative to help its local currency get back on track. Also Read: 47 Countries Ready To Join the BRICS Alliance BRICS: Economist Question Ghana VP’s Idea of Backing Cedi With Gold Source: beincrypto.com All that glitters is not gold and economists are questioning Ghana VP’s decision to back ...

The Harambe price has soared 20% in the last 24 hours to trade at $0.01856 as of 6 a.m. EST on a 7% drop in trading volume to $547k. Harambe Price: A Strong Support Zone The daily price movements of the HARAMBE/USD pair hover near a significant support zone, marked in orange. This zone has proven its strength as buyers have repeatedly stepped in to prevent further declines whenever the price approaches this level. Above is a key resistance level around the $0.045 mark, indicated by the dotted line. This level has been a formidable barrier in the past, with the price struggling to break above it on several occasions. HARAMBE/USD Analysis Source: Dextools.io Currently, the price trades below both the 50-day (in light blue) and 200-day (in dark blue) Simple moving averages which points to a bearish trend. Furthermore, the 50-day SMA is positioned below the 200-day SMA, forming what is known as a “death cross,” which reinforces a bearish outlook, indicating that ...

Algorithmic Stablecoins: Innovation or Inherent Risk! The rise of decentralized finance (DeFi) has spurred a wave of innovation in the cryptocurrency space, with algorithmic stablecoins emerging as one of the most intriguing developments. Unlike traditional stablecoins, which are pegged to a reserve asset like the U.S. dollar, algorithmic stablecoins rely on complex algorithms to maintain their value. This approach offers a new level of decentralization and capital efficiency, but it also introduces significant risks that have led to high-profile failures. This article explores the innovation behind algorithmic stablecoins and the inherent risks that come with them. The Innovation Behind Algorithmic Stablecoins Algorithmic stablecoins are designed to maintain a stable value without being backed by fiat reserves or other collateral. Instead, they use algorithms and smart contracts to adjust the supply of the stablecoin in response to market demand. The goal is to create a self-sustainin...

The leading meme coin, Dogecoin, could be set to benefit from the Elon Musk influence yet again, as DOGE is facing a monumental 90% rally. Indeed, the asset could be poised to skyrocket due to Musk’s recent D.O.G.E. post to X (formerly Twitter). The post could be just what the asset needs. The token is facing a descending wedge pattern. Moreover, the bullish indicator has the crypto market expecting a breakout. The self-proclaimed Dogefather could be the catalyst yet again. The Tesla and SpaceX CEO may be what the meme coin needed to have that breakout come to fruition. I am willing to serve pic.twitter.com/BJhGbcA2e0 — Elon Musk (@elonmusk) August 20, 2024 Also Read: Ripple (XRP) & Dogecoin (Doge) Price Prediction For September 2024 Musk Does it Again? DOGE Eyes Massive Rally The last several weeks have not been great for DOGE. The token has lost more than 20% of its value in the last 30 days, according to CoinMarketCap. Yet, a turnaround may already be taking place. The la...

Ethereum (ETH) is striving to reach a new all-time high, a move investors have anticipated following the launch of the cryptocurrency’s spot exchange-traded fund (ETF). Currently, the second-largest cryptocurrency by market capitalization has shown short-term volatility as it attempts to break through the crucial $3,000 resistance zone. Despite bullish developments like the rollout of the ETF, Ethereum’s market dominance has declined in recent months compared to competitors such as Bitcoin (BTC). Over the past 30 days, Ethereum has plunged by over 23% as it struggles to recover from a monthly low of around $2,100. ETH was trading at $2,631 at press time, gaining almost 1% in the past 24 hours. Picks for you 2 cryptocurrencies to reach $50 billion market cap in September 15 hours ago ...

Montenegrin authorities have apprehended Roman Ziemian , Co-Founder of the controversial crypto scheme FutureNet , on charges linked to a $21 million fraud. Ziemian was arrested in Podgorica, Montenegro’s capital, where he was allegedly living under a false identity. This development follows investigations and legal actions across multiple countries. Arrest Details and Charges On August 19, 2024, Montenegro’s Police Directorate announced the arrest of Roman Ziemian. The arrest followed an international warrant issued by South Korea and Poland, accusing Ziemian of fraud, money laundering, and theft. According to the police statement, Ziemian was found using a fake identity and had several items and devices seized that are believed to be connected to his alleged criminal activities. South Korean authorities have indicated that Ziemian could face life imprisonment if convicted. Ziemian’s legal troubles are compounded by his history with FutureNet, a company he co-f...

By Jeffery, HashKey Group Chief Analyst Stablecoins have always been an indispensable part of the cryptocurrency ecosystem. Data shows that over the past four years, quarterly stablecoin transaction volume has increased seventeenfold, rising from $17.4 billion in the second quarter to $4 trillion. As of July 17, 2024, the total transaction volume of the entire inter-currency market was $94.8 billion, with stablecoins accounting for 91.7% of the total cryptocurrency market volume, reaching $87 billion, with USDT being the largest at 83.3%. However, due to the lack of endorsement from major financial institutions, stablecoins have struggled to be truly “stable” for users. With the era of compliance upon us, governments in Hong Kong, Europe, Singapore, the United States, and other regions are beginning to issue local stablecoins, which could reshape the stablecoin market landscape. This article will discuss how the stablecoin market landscape in Hong Kong will be reshaped in the era of co...