In the ever-volatile world of cryptocurrencies, market watchers and capital allocators are paying attention to recent developments involving Cardano (ADA) and Bitcoin Cash (BCH).While Cardano’s (ADA) recent move to levels not seen in over a year has generated interest, it’s the strategic maneuvering of Bitcoin Cash (BCH) miners ahead of the upcoming halving event that has sparked the most speculation. This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company. Raffle Coin (RAFF) set out to pioneer the way consumers participate…
Author: Web3 Daily Press Staff
The crypto market is going crazy, and investors are eagerly riding the waves of success as Shiba Inu (SHIB) and Binance Coin (BNB) surge to new heights. With both tokens showcasing impressive upward trajectories, the market buzzes with excitement and anticipation. Amidst this exhilarating landscape, Furrever Token (FURR) emerges as a tantalizing opportunity, offering investors the chance to capitalize on its promising presale with the potential for remarkable returns of up to 15X. As enthusiasts navigate the dynamic crypto landscape, these tokens stand out as prime contenders, each presenting unique prospects for growth and prosperity. Binance Coin (BNB) Seeks Out…
Cardano has been constructing a solid base that could support its ascent toward the $1 mark, indicating a bullish trend on the horizon. The price analysis of ADA shows a resilient structure as it bounces between significant support and resistance levels, laying the groundwork for a potential surge.At the moment, ADA trades near $0.79, showing resilience and a potential for upside movement. The local support level can be identified around the $0.58 mark, where the 50-day moving average has provided a reliable safety net during retracements. This level has consistently encouraged buying pressure, propelling the price upwards.ADAUSDT Chart by TradingViewOn…
Coming off the heels of ETH Denver, the rollup ecosystem is buzzing over the several new and exciting ideas discussed in the Mile High City to address the growing state fragmentation issue in the rollup space. At the event, leaders, builders and visionaries revisited Ethereum’s rollup-centric roadmap from 2020; where we’ve come as an industry since then; and how the new roadmap has led to an explosive growth for the L2 ecosystem. Indeed, the total value locked in layer 2s is up by over 230% in the past year alone.With this growth came the natural next step in evolution: modular…
Currently trading near an all-time-high, Bitcoin (CRYPTO: BTC) continues to lead the crypto market higher. As a result, analysts and investors continue to ratchet up their price estimates for just how much higher Bitcoin might go. One of the most aggressive price forecasts comes from Cathie Wood’s Ark Invest, which has detailed a scenario in which Bitcoin might surge past the $2 million mark by the year 2030.If that turns out to be true, people will be kicking themselves for not getting in on stocks whose success is massively tied to the price of Bitcoin. The two that I’m watching…
Ripple (XRP), the native cryptocurrency of the XRP Ledger payment network developed by Ripple Labs, advanced over 20% Monday, snapping its downtrend versus bitcoin (BTC) as the crypto rally broadened.CoinDesk data shows that XRP sharply jumped to $0.74 in a little more than an hour Monday afternoon UTC time, notching its highest price since a very short-lived spike last November amid speculation about a potential BlackRock-managed XRP ETF. Today’s 20% gain made XRP the best-performing asset in the broad-market CoinDesk 20 Index (CD20), which was higher by 5%.While bitcoin had already broken record highs and some corners of the crypto…
TL;DR Shiba Inu and Dogecoin lead the meme coin sector with substantial community bases, having millions of holders. Assets of that type attract investors with their potential for rapid gains, though their inherent volatility also poses significant risks of losses. Despite the emergence of solid competitors, Shiba Inu (SHIB) and Dogecoin (DOGE) remain the undisputed leaders in the meme coin realm. The tokens have a combined market capitalization of over $45 billion, representing 70% of the entire market cap of the asset class. DOGE and its biggest rival have experienced severe price fluctuations in the past years. Their valuations are…
VeChain leads gains in the cryptocurrency market with a 65% increase Bitcoin (COIN:BTCUSD) has recorded a 14.62% increase in the last week, but altcoins stood out with gains exceeding 50%. The highlight was VeChain (COIN:VETUSD), which surged by around 60%. The blockchain, focused on optimizing supply chains and business processes, saw its value skyrocket without an apparent reason, despite VeChain’s recent announcement about the implementation of “Account Abstraction,” which promises to enhance the interoperability and functionality of smart contract wallets. Sei Network (COIN:SEIUSD) also had a notable performance, with a jump of 44%, while Ether grew by 15%. Ether futures…
Tether, a leading stablecoin, is launching its USDT token on the Celo blockchain network. This opens another network for USDT’s variety of existing networks, which include Ethereum, Solana, and Polygon.The date for the launch has not been released yet, however, a Tether official has communicated that it is happening soon. Celo, founded in 2020, consistently tries to provide users with mobile payments through integrated phone numbers with crypto wallets, as well as low transaction fees.Another proposal is the establishment of USDT as a gas currency in the Celo network for the completion of transactions on dApps, in particular. This report…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Polkadot (DOT) shows signs of revival with a 3x growth forecast as Galaxy Fox (GFOX) gears up for a potential 10x surge amidst a bullish crypto market. The cryptocurrency market has seen a surprising uptick, with many investors eyeing the next big opportunity. Among the cryptocurrencies making headlines, Polkadot has recently shown signs of breaking out of its previous stagnation, suggesting a potential triple increase in value. This resurgence is a crucial indicator of growing retail interest, traditionally heralding…