A cryptocurrency analyst has predicted a massive price surge for XRP, anticipating the cryptocurrency to witness a more than 600% increase. Despite its historically sluggish growth, XRP has begun to gather momentum, showing potential to experience major price growth during the 2024 bull run. Price Projected To Soar Above $5 A crypto analyst identified as Egrag Crypto has taken to X (formerly Twitter) to predict an exponential price surge for XRP. According to Egrag Crypto XRP is “guaranteed” to experience a 600% to 1000% increase to new all-time highs around $5.5. Basing his predictions on XRP’s historical data from 2017,…
Author: Web3 Daily Press Staff
Cross-chain NFT marketplace Magic Eden, which recently jumped to the top of the pack amid growing interest in Bitcoin Ordinals, announced Friday that it plans to support the upcoming Runes fungible token standard on Bitcoin. “Ordinals, Rewards, Runes. The Future of BTC is on Magic Eden,” the marketplace tweeted along with a teaser video. The Rune protocol is set to launch on Bitcoin’s mainnet following the halving, which is expected to take place on April 20. The halving is the quadrennial event baked into the Bitcoin protocol that cuts in half the BTC miners receive for supporting the network. The…
Litecoin’s price reached an eight-month peak of $106.2 on March 29, and recent trends observed among miners and speculative traders suggest more gains ahead. On March 29, Litecoin emerged as the best-performing asset in the top 20 crypto market rankings after scoring 12% gains within a frenetic 12-hour period. On-chain data trends pinpoint the key drivers behind the ongoing Litecoin price breakout and how speculative traders have positioned their bets on LTC for the coming days. Litecoin miners leading the rally Litecoin’s price has been spiraling downward since the completion of its third halving event on Aug. 2 of last…
Crypto expert Rekt Capital has suggested that Shiba Inu (SHIB) could follow a similar trajectory to its move back in 2021. If so, this sets up the crypto token for a parabolic move that could see it hit its all-time high (ATH) and even surpass it. 2024 Shiba Inu To Mirror 2021 Action Rekt Capital mentioned in an X (formerly Twitter) post that SHIB’s retest was successful and that history was repeating itself. According to him, SHIB needs to break above the $0.000033285 price range to begin its uptrend continuation. In a previous post, the crypto analyst raised the possibility…
The blockchain industry buzzed with enthusiasm as VeChain – a leading enterprise blockchain platform announced the debut of its innovative No-Code Tokenized Asset Marketplace-as-a-Service (MaaS) platform. In a rapidly tokenizing world, this latest development is indeed a game-changer, igniting a sense of optimism throughout the vast community of technology and finance enthusiasts, increasing speculation of an imminent surge in the platform’s value. VeChain’s announcement also unveiled a riveting collaboration with the world-renowned MotoGP racing team, Gresini Racing. This partnership is designed to connect with a massive legion of racing enthusiasts, offering them a chance to own digital keepsakes through the…
Tether has a fragile relationship with the US banking system.Neither the Federal Reserve nor the US Treasury are happy with the way the company is integrated in the broader financial system.With more than $104 billion in market value, USDT is by far the largest stablecoin in the world.While the coin’s issuer, Tether, has been plagued for years with rumours that its assets aren’t fully backed, Arthur Hayes, founder of crypto exchange BitMEX, recently wrote that the firm’s weaknesses have nothing to do with the state of its reserves.Rather, it’s the way it’s integrated into the broader financial system that poses…
InvestorsObserver gives SafeMoon Inu an average long-term technical score of 46 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders. SMI at this time has a superior long-term technical analysis score than 46% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating…
Last updated: March 29, 2024 14:47 EDT | 4 min read Polkadot (DOT) is one of the most popular projects in the blockchain space. Aiming to create a global network of blockchains all built upon one platform, Polkadot is working towards growing the blockchain ecosystem.With its network protocol, data could be transferred across different blockchains—connecting those that are now separate like islands and facilitating interoperability. All of this is not impossible with traditional blockchains, but it would slow them down significantly. Polkadot, on the other hand, creates a network of separate, sharded blockchains and distributes the workload across them.The DOT…
Mar 29, 9:31 pmDecryptNFT Marketplace Magic Eden Will Support the Runes Token Standard on BitcoinMagic Eden, a cross-chain NFT marketplace, plans to support the upcoming Runes fungible token standard on Bitcoin. Runes, created by Bitcoin developer Casey Rodarmor, is being pitched as a more efficient way of minting and trading tokens on Bitcoin. Magic Eden aims to double down on the Bitcoin ecosystem by adding Runes to its existing Ordinals marketplace. This news is republished from another source. You can check the original article here
Last updated: March 29, 2024 15:22 EDT | 4 min read IOTA (MIOTA) is short for Internet of Things (IoT) Application; as the name implies, it aims to connect as many devices as possible within a single ecosystem, powered by the MIOTA token. Its main task is to enable fast, feeless transactions between devices within the network, which will facilitate data and computing resources sharing, along with the immutable history of each participant.In its most advanced stage, IOTA wants to provide the payment settlement and data integrity layer for various IoT applications that can go as far as whole smart…