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CoinDesk
Eigen Labs, Developer Behind Restaking Protocol EigenLayer, Raises $100M From A16z Crypto
7 days ago
Coinstages
Coinstages
followers

Litecoin’s (LTC) price is currently above a support line that has been in place for a long time, indicating a significant level of historical support. However, it is also within a short-term pattern that suggests a bearish trend may be forming. Litecoin’s (LTC) price has remained relatively stable without experiencing significant ups and downs for almost a year now. It raises the question of how much longer this trend will persist. Litecoin (LTC) Technical Analysis: Long-Term Trends and RSI On the weekly time frame, Litecoin (LTC) has been following an ascending support trend line since June 2022. Over the past year and a half, this trend line has been tested six times, as indicated by green icons. However, these tests have not led to significant upward movements in the LTC price. The trend line has been in place for more than 620 days, highlighting its significance in LTC’s price action. Additionally, LTC is currently trading above a long-term horizontal support area. In terms of the Relative Strength Index (RSI), which is used by traders to gauge momentum and identify overbought or oversold conditions, the weekly RSI for LTC is inconclusive. Readings above 50, coupled with an upward trend, typically indicate bullish momentum, while readings below 50 suggest bearish momentum. However, the RSI for LTC is currently increasing but remains below 50, indicating an uncertain trend direction. Analysis of Litecoin (LTC) Price Predictions and Technical Indicators Cryptocurrency traders and analysts on X have expressed optimism regarding the future trend of LTC. CryptoSurf tweeted about a long-term fractal suggesting that LTC is at the beginning of a bullish cycle. NebraskanGooner and CryptoMoneyKing also share positive sentiments, indicating that LTC’s price could see appreciation if it breaks above $72. However, the LTC price action on the daily chart leans towards bearishness. Since September 2023, LTC’s movement has been confined within an ascending parallel channel, indicating a corrective increase. Moreover, the significant overlap within this pattern suggests further correction. Currently, LTC is trading in the lower portion of the channel, with the RSI falling below 50. If LTC breaks down from the channel, it could see a 15% decline to the next support level at $58. However, despite this bearish prediction, surpassing the channel’s midline could trigger a 16% increase towards the resistance trend line at $80. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Litecoin #LTC

7 days ago
Cryptopolitan
Cryptopolitan
followers

The Dogecoin community’s expectations were hampered by significant incidents early in 2024. While diamond hands tend to hold DOGE under price fluctuations, 2024 has proved to be an awful year for Dogecoin. Investors are speculative about their investments in DOGE owing to pessimistic market sentiment, even when bullish patterns are anticipated soon. On January 8, 2024, the Dogecoin Foundation revealed that Dogecoin (DOGE) has set out on an interstellar journey aboard the United Launch Alliance’s (ULA) Vulcan Centaur rocket. The news created massive hype among community members. Dogecoin (DOGE) saw a 6% increase in value between January 8 and January 20, going from $0.078 to $0.091. However, the upward trend eventually shifted as the overall market became turbulent. Between January 20 and 22, Dogecoin (DOGE) saw a 6% decrease in value between January 20 and 22, dropping from $0.091 to $0.081. Furthermore, the decision made by Coinbase Commerce to cease support for Dogecoin, Bitcoin, and other UTXOs has sparked outrage and dissatisfaction among the crypto community and token holders. Moreover, many crypto analysts anticipate a further decline in the value of DOGE, advising caution for investors looking to buy DOGE.  [Embedded Tweet] Coinbase Payments no longer supports native #Bitcoin, #Dogecoin, #Litecoin payments because it was "too challenging" without smart contracts. Only users with a Coinbase account will be able to pay using UTXO-based coins. Coinbase payments is Coinbase's payment gateway which… https://t.co/xHmE63YtDF — Mishaboar (@mishaboar) February 19, 2024 Comparing Algotech (ALGT) vs Dogecoin (DOGE) Despite its established and dedicated community, Dogecoin is still a highly volatile and risky investment. The fact that DOGE is not widely adopted and utilized is one of the key concerns attached to it. DOGE’s value is dependent on speculation, hence it is a high-risk investment. The absence of a regulatory structure raises concerns over its legitimacy as well. Algotech’s phenomenal tokenomics are a key factor in making it a better choice than DOGE. The project includes a suite of cutting-edge trading features, including breakout trading, hedging, and arbitrage identification.   Community members of Algotech are entitled to governance rights, profit shares, and have access to advanced trading strategies, including hedging, mean reversion, and algorithmic consolidation. Algotech (ALGT) is Positioned to Return 258% on Investments After $1.1 Million Private Seed Round With the speculations surrounding DOGE, investors are looking toward other projects that have the potential to displace legacy projects. Algotech (ALGT) is emerging as a great alternative because of its lucrative rewards and user incentives. The project has managed to raise over $1.1 million within two days and is poised to reach even greater heights as the market looks toward emerging opportunities. A key factor dictating the growth of the project is the exciting roadmap. Holders are expected to be offered governance rights, ownership stakes, and other benefits upon launch. Due to the project’s outstanding performance at the start of 2024, its worth is anticipated to skyrocket beyond its current $0.04 level. ALGT will be listed on major exchanges in the upcoming months. Analysts predict its value to reach an all-time high of $0.15 indicating a significant rise in earnings of 258% before Q3.  Learn more:  Visit Algotech Presale Join The Algotech Community

7 days ago
CoinQuest
CoinQuest
followers

Is it Too Late to Invest in VeChain?💥 Amid VeChain's impressive ascent on the institutional layer-1 front, the question arises: is it too late to hop on board? This analysis will delve into VET's recent price actions and weigh them against the potential of Scotty AI, a new AI meme currency, as an alternative investment. Excitement among VeChain holders is palpable, fueled by rumors of a potential listing on major US exchange UpHold, evident in the soaring sentiment across crypto X (formerly Twitter), with VET enthusiasts teasing ambitious price targets. As VeChain's Price Climbs, Is the Ship Sailing? VeChain is currently priced at $0.044 (with a 24-hour change of -1.54%), having retreated from a recent peak. Following rejection from resistance at $0.051 on February 16, downside momentum has prevailed locally, resulting in a -16% pullback. Nevertheless, robust support near $0.045 indicates potential consolidation at current levels. VeChain Price Analysis: Timing the Purchase after a 50% Surge The growing disparity from the 20DMA (now at $0.034), which has provided crucial support since October, raises red flags. Given VET's significant deviation from this key support, retesting it could trigger a -22% decline. While the 200DMA is on the rise, it remains below the trading channel at $0.025. An RSI reading of 77.7 suggests overheated conditions, hinting at a possible price retreat. However, the MACD indicator, reflecting bullish momentum at 0.0015, offers a conflicting view. VET Price Analysis: Balancing Short-Term Risks with Long-Term Potential Beyond $0.0488, VET's price could surge by +10.27%. Conversely, a drop to $0.0388 (-12.4%) remains a possibility. With a risk-reward ratio of 0.83, indicating a weak entry overshadowed by short-term retracement risk, VeChain's current analysis presents a less appealing opportunity. While VeChain's price analysis may lack allure at present, another narrative could emerge, presenting a lucrative opportunity once the AI story regains traction in the crypto markets. $VET #Write2Earn #TrendingTopic #AmanSaiCommUNITY

8 days ago
Cryptopolitan
Cryptopolitan
followers

Success tales from the dynamic and always changing world of cryptocurrencies catch investors’ attention globally. Retik Finance (RETIK), a brand-new coin that has just entered the market, is being heralded by many as the most significant cryptocurrency success story since Shiba Inu’s explosive surge. Retik Finance has shocked the cryptocurrency community with a 400% increase in recent weeks. This has drawn a flood of eager investors looking to take advantage of the company’s tremendous development potential. Retik Finance (RETIK) made a bold statement when it first launched, gaining recognition for its avant-garde idea of decentralised finance (DeFi) & its audacious vision for the development of cryptocurrencies. Retik Finance, which was founded on the values of openness, security, and accessibility, seeks to transform the way people engage with digital assets by providing a wide range of goods and services that will enable users all over the world. Retik Draws Comparison With Shiba Inu In the cryptocurrency community, parallels to Shiba Inu, the infamous “Dogecoin killer,” aren’t construed lightly. Investors were enthralled with Shiba Inu’s extraordinary ascent from obscurity to fame, which also established a new benchmark for meme coins and altcoins. Sounds of Shiba Inu’s success are now resonating throughout the cryptocurrency community with Retik Finance’s explosive rise, indicating the arrival of a new competitor ready to create waves in the market like SHIB did in 2021. Introducing the New Coin, Retik Finance (RETIK) Retik Finance (RETIK) aims to revolutionise the global financial landscape through its innovative decentralised finance (DeFi) solutions. With a vision to decentralise the banking sector, Retik Finance (RETIK) introduces a comprehensive ecosystem designed to empower individuals and businesses worldwide. Through the Retik Wallet, DeFi Debit Cards, and Retik Pay, this platform offers a seamless fusion of digital and traditional finance, enabling users to transact, earn, and spend cryptocurrencies effortlessly. The $RETIK token serves as the backbone of the ecosystem, promoting financial autonomy, governance, and user engagement. By embracing decentralised technologies, Retik Finance aims to address the limitations of traditional banking systems, offering enhanced security, accessibility, and privacy while facilitating cross-border transactions. The transformative power of Retik’s decentralised system promises enhanced financial inclusivity, reduced transactional friction, and increased transparency. Accelerated Development and Investor Excitement  Retik Finance’s worth has recently experienced an incredible 400% increase in a couple of weeks, making it a truly remarkable rise in value. Investors are in a frenzy trying to join in on the momentum and lock up their investment in what many predict will emerge as the next big cryptocurrency success story as a result of this exponential development. Retik Finance has risen quickly to prominence because investors from all over the world are drawn to it by the promise of bright futures and enormous rewards. The reason Behind Retik’s Early Achievements What distinguishes Retik Finance from other cryptocurrencies competing for public attention? Retik Finance’s success is mostly due to its forward-thinking leadership, cutting-edge technology, and steadfast dedication to its community. Retik Finance, led by a group of seasoned experts, has successfully navigated the waters by utilising state-of-the-art decentralised systems and blockchain technology to establish an incredibly innovative platform. Future Prospects Retik Finance (RETIK) has big plans for the future and is focused on going above and beyond its current achievements.With goals to create strategic alliances, deliver novel products and solutions, and broaden its ecosystem, Retik Finance is well-positioned to dominate the cryptocurrency market for some time to come. Retik Finance (RETIK) wants to transform the decentralised finance industry and bring in a new era of wealth for all people by encouraging innovation, advancing financial inclusion, and empowering people all over the world. Final Thought: Embracing the Success Wave Retik Finance’s rapid growth raises the question, “Could this be the upcoming major crypto success story?” to investors. Retik Finance (RETIK) possesses the characteristics of an important force in the market thanks to its rapid expansion, cutting-edge technology, and inspirational leadership. One thing is certain as investors pour in and enthusiasm builds to a ferocious level: Retik Finance has become a formidable force in the cryptocurrency space, and the ride is far from over. With the presale phases of RETIK gradually coming to a close, early investors are set for a boom, and new investors can capitalise before the new coin becomes mainstream and deliver even more than its current 400% milestone. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

8 days ago
koinmilyoner
koinmilyoner
followers

🌕Too Late to Buy VeChain? 🌕Amid institutional layer-1 VeChain's remarkable rise, many wonder whether it's too late to join. 🌕This essay will analyze VET's price movements and determine whether Scotty AI, a new AI meme currency, is a better investment. 🌕VeChain holders are already hyped up over rumors of a possible listing on leading US exchange UpHold, and the skyrocket sentiment is clear on crypto X (Formerly Twitter), with VET holders jubilant and teasing major price targets. 🌕As VeChain Price Rises, Is It Too Late to Buy? 🌕VeChain is trading at $0.044 (a 24-hour move of -1.54%) after falling from a local high. 🌕After rejection from topside resistance at $0.051 on February 16, downside moves grab activity locally, with a -16% roll-back. 🌕However, well-defended support around $0.045 suggests price consolidation at current levels. 🌕VeChain price analysis: Is it too late to purchase after 50% pump? Continue reading. 🌕Growing divergence from the 20DMA (now $0.034), which has supported VET's upward since October, raises concerns. 🌕The VET price is much above this important support, therefore retesting it might cause a -22% drop. 🌕The 200DMA is rising, but below the trading channel at $0.025. 🌕The RSI's overheated bearish divergence at 77.7 signals price may retreat. 🌕The MACD indicator, which shows VET's bullish momentum at 0.0015, disagrees somewhat. 🌕VET price analysis shows a positive long-term perspective with short-term retracement danger🌕 🌕VeChain price analysis: Is it too late to purchase after 50% pump? Continue reading. 🌕Above $0.0488, VET price might rise +10.27%. 🌕To the negative, VET price might drop to $0.0388 (-12.4%). 🌕Thus VET price analysis shows a risk-reward ratio of 0.83, indicating a weak entrance overshadowed by short-term retracement risk. 🌕VET price analysis is unattractive for now, but another play might be large once the AI story returns to crypto markets. #VET #Write2Earn #TrendingTopic

9 days ago
Sefeoyin
Sefeoyin
followers

Bitcoin, the world's oldest and most valuable cryptocurrency, has been experiencing a surge in price, surpassing $52,000. However, recent data shows that new Bitcoin addresses that acquired BTC during this rally are now facing significant losses. These addresses hold a staggering $25 billion worth of Bitcoin, and if the price continues to drop, it could trigger a major selloff in the market. In this article, we will delve into the details of this situation, explore the reasons behind the losses, and analyze the potential impact on the Bitcoin market. Fresh Bitcoin Addresses and their Losses According to data from Into The Block, nearly 848,390 new Bitcoin addresses were created during the recent rally, collectively holding around 481,710 BTC. These addresses purchased Bitcoin at an average price of $52,125. However, due to the subsequent decline in the BTC price, these addresses are currently experiencing significant losses. The losses incurred by these addresses could potentially lead to panic selling if the price dips further, resulting in a major selloff in the market. The Potential for a Major Bitcoin Correction Crypto analyst Michaël van de Poppe has suggested that the Bitcoin price could peak between $53,000 and $58,000 before experiencing a 20-40% pullback. The current situation aligns with this analysis, indicating a potential correction before reaching new highs. If the new addresses holding Bitcoin at a loss decide to sell their holdings, it could intensify the correction and push the price below the $50,000 support level. This scenario raises concerns among investors and traders, as it could have a significant impact on the overall market sentiment. Bitcoin Liquidations and Current Market Conditions In the past 24 hours, Bitcoin liquidations amounted to $26.06 million, with the majority of liquidated positions being long positions. However, the drop in liquidations can be attributed to the recent rebound in the Bitcoin price above $52,000. Despite the potential for a major selloff, the overall market sentiment remains optimistic. TradingView has assigned a "Strong Buy" indicator to Bitcoin, and the current price is significantly higher than the 50-day and 100-day Exponential Moving Averages (EMAs). These indicators suggest a strong bullish sentiment in the market, despite the potential for a correction. Long-Term Target for Bitcoin While the short-term outlook for Bitcoin raises concerns, it's important to consider the long-term potential of the cryptocurrency. Analyst Michaël van de Poppe predicts a long-term target of $150,000 for Bitcoin, indicating that investors should consider long positions to realize substantial returns. This long-term bullish sentiment is shared by many experts in the industry, who believe that Bitcoin has the potential to reach new all-time highs in the coming years. However, it's crucial to monitor the market conditions and the behavior of new addresses holding Bitcoin to assess the likelihood of a major selloff. Conclusion The recent surge in the Bitcoin price has attracted a significant number of new addresses that acquired BTC at a premium. Unfortunately, these addresses are now facing substantial losses due to the subsequent decline in the price. If these addresses decide to sell their holdings, it could trigger a major selloff in the market, potentially pushing the Bitcoin price below the $50,000 support level. However, it's important to keep in mind that Bitcoin has shown resilience in the face of market fluctuations and has a long-term bullish outlook. Investors and traders should closely monitor the market conditions and the behavior of these new addresses to make informed decisions regarding their Bitcoin investments. Disclaimer: The information provided in this article is for informational purposes only. It should not be considered as financial or investment advice. The author and the publication do not hold any responsibility for any financial losses incurred as a result of the information presented in this article. #Write2Earn #BTC‬ #TrendingTopic

9 days ago
Coinpedia
Coinpedia
followers

The post Bitcoin’s NVT Ratio Signals Overheated Sentiment! Here’s Why BTC Price Needs A Retest appeared first on Coinpedia Fintech News Bitcoin price continues to maintain its bullish momentum, remaining above the $52K threshold as investor confidence is triggered by bullish on-chain ETF reports. Despite this, the surge in purchasing demand for BTC raises alarms about a potential decline ahead, influenced by an overheated market sentiment as highlighted by various on-chain metrics. Such a scenario could necessitate a retest of Bitcoin’s immediate support levels to stabilize the current momentum. Bitcoin’s NVT Ratio Skyrockets According to the latest report by CoinShares, crypto funds from asset managers like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares saw inflows totaling $2.45 billion globally in the last week. This surge was largely driven by the launch of new U.S. spot Bitcoin exchange-traded funds, bringing the total inflows into digital asset investment products for the year to $5.2 billion. With the recent uptick in prices, the assets under management (AUM) at these crypto investment firms have reached $67 billion, marking the highest level since December 2021 during the climax of the previous bull market, as pointed out by James Butterfill, the Head of Research at CoinShares. As a result, the BTC price is experiencing positive momentum, consistently staying above the $52K mark. Yet, multiple on-chain metrics are now signaling an overheated sentiment for the BTC price, suggesting a potential need for a price correction. Among these indicators, the NVT ratio (Network Value to Transactions) has notably increased, currently standing at 133.2. This indicates that while Bitcoin’s network value has surged with the price hike, the volume of transactions has not seen a comparable increase, pointing towards a possible overvaluation. Furthermore, the Netflow metric has recently experienced a significant rise, moving into the positive territory. This indicates that inflows are exceeding outflows for Bitcoin, leading to an increase in exchange reserves. Such a trend could bring a price correction for BTC. However, such retests might strengthen the buying momentum. What’s Next For BTC Price? Bitcoin is facing resistance at the $52,000 mark, with attempts by sellers to push the price below $50,000. However, buyers continue to defend a decline strongly. As of writing, BTC price trades at $52,122, surging over 0.7% from yesterday’s rate.  A potential challenge to the rally’s sustainability is the Relative Strength Index (RSI) heading toward the midline, hinting at a correction in the short term. For a bearish shift to be confirmed, sellers need to push the price below the 20-day exponential moving average ($51,880), potentially leading to a downturn towards the $50K level. To enhance the chances of climbing to $55,000, buyers must breach the $52,800 resistance. On the other hand, to plunge the upward momentum, bears must pull the price below the moving averages, potentially triggering a fall to the breakout point of $48,300. While bulls are likely to defend this level aggressively, a breach could see the price dropping to $47,000 and possibly further to $44,800.

9 days ago
COINCU
COINCU
followers

Key Points: 3AC liquidator address owns 75M WLD, estimated at US$550M. Tokens received from Worldcoin in August 2023, with no activity since. Parallels drawn to bankrupt Alameda, sparking intrigue in crypto circles. In a revealing update from 0xScope, it has been disclosed that the 3AC liquidator address (0xC7...3741) holds a substantial 75 million WLD, standing as the highest net-worth asset in the Teneo portfolio. The total valuation of this cryptocurrency holding is estimated at an impressive US$550 million, marking a significant presence in the digital asset landscape. This revelation draws parallels to the situation with the bankrupt Alameda, as both entities received these tokens from Worldcoin in August 2023. However, what distinguishes this particular asset is the apparent lack of activity since its acquisition. The 3AC liquidator address has displayed a remarkable degree of dormancy in terms of engagement or transactions involving the held WLD tokens. 3AC liquidator address holds 75M WLD, valued at US$550M The 0xScope report sheds light on the intricate dynamics within the cryptocurrency space, where assets acquired from projects like Worldcoin become crucial components of diverse portfolios. The substantial value of 75 million WLD underscores the potential impact that such holdings can have on the financial landscape, even in the absence of active management or interaction. The comparison to Alameda, a company that faced bankruptcy, adds a layer of complexity to the narrative. It raises questions about the fate of digital assets in the aftermath of significant events within the cryptocurrency industry. The disclosed information invites speculation about the strategic considerations behind holding these assets, particularly in a scenario where there has been no discernible activity since the initial acquisition. Tokens received from Worldcoin in August 2023, with no activity since As the cryptocurrency community delves into the implications of such revelations, the 3AC liquidator's substantial WLD holding serves as a focal point for discussions surrounding asset management, strategic planning, and the evolving nature of the digital asset landscape. The 0xScope report adds another layer of intrigue to the broader narrative of cryptocurrency holdings and their significance within the industry. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

10 days ago
Gold_Fish_Real Time Technical Analysis for Future Trading
Gold_Fish_Real Time Technical Analysis for Future Trading
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$WLD 🌏🌍🌎🌏🌍🌎🗺️🌍🌎🌎🌍🌏🌎 ✨✨Worldcoin: A Digital Identity for All with Cryptocurrency Rewards, But is it Worth It? 👩‍🏫🧑‍🏫Worldcoin (WLD) has generated significant buzz in the crypto space with its ambitious goal: providing everyone on Earth with a free, universally accessible digital identity and a share in its crypto token, WLD. However, the project has also faced controversy due to its data collection practices and privacy concerns. Let's delve into the world of Worldcoin, exploring its key features, potential, and the ethical considerations surrounding it. 🧑🏻‍💻🧑🏻‍💻What is Worldcoin? Imagine a world where anyone, regardless of location or background, can easily establish a digital identity and participate in the global economy. That's the core vision behind Worldcoin. It operates through: ⚡️⚡️Orb: A smartphone app that uses biometrics (iris scans) to verify users' uniqueness and award them WLD tokens. ⚡️⚡️World ID: A verified digital identity linked to users' Orb scans, empowering them to access various online services and financial opportunities. ⚡️⚡️Worldcoin Network: A decentralized network aiming to incentivize participation and ensure fair distribution of WLD tokens. 🔔🔔🔔Key Features: ⚡️⚡️Universal access: Aims to provide everyone with a digital identity, regardless of social, economic, or geographic barriers. ⚡️⚡️Financial inclusion: Integrates cryptocurrency rewards (WLD) for participating, potentially enabling financial opportunities for unbanked populations. ⚡️⚡️Decentralized governance: WLD holders participate in shaping the network's future through the Worldcoin DAO. Potential and Challenges: The potential of Worldcoin is vast. It could empower individuals globally, promote financial inclusion, and foster a more equitable digital economy. However, challenges remain: Privacy concerns: Collecting biometric data raises significant privacy concerns and potential for misuse. #Write2Earn #WLDUSDT

10 days ago
MetaversePost
MetaversePost
followers

Open and decentralized protocol focused on launching native and restaked rollups using optimistic and Zero-Knowledge stacks, AltLayer (ALT) raised $14.4 million in a strategic fundraising round co-led by Polychain Capital and Hack VC. The project plans to allocate the capital towards expanding its global team in response to the increasing number of strategic partnerships and accelerating key projects in development, including innovating the infrastructure for restaked rollups. Combining existing rollups derived from various rollup stacks such as OP Stack, Arbitrum Orbit, ZKStack and Polygon CDK among others, AltLayer focuses on developing restaked rollups that enhance security, decentralization, interoperability, and crypto-economic fast finality.  Thus, the restaked rollups merge the simplicity of spinning up rollups of OP Stack, Arbitrum Orbit, ZKStack by ZKSync, and Polygon CDK rollup stacks with the power of EigenLayer’s restaking mechanism to bootstrap network security and establish a decentralized network. Additionally, AltLayer offers a versatile no-code Rollups-as-a-Service (RaaS) launchpad, enabling developers to swiftly and effortlessly deploy a customized rollup. The RaaS product is tailored for a multi-chain and multi-VM environment, providing factory support for EVM and WASM.  Among other contributors to the funding round, which concluded in September 2023, were OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG and TRGC, according to a written statement. Polychain Capital along with Jump Crypto and Breyer Capital, also took part in a previous investment round that raised $7.2 million. AltLayer Redefines Staking Infrastructure Founded in 2021 in Singapore, AltLayer builds the infrastructure that enables developers to launch highly modular application-tailored rollups. The AltLayer protocol consists of a core network–the ‘Beacon Layer,’ a unified sequencing, execution, and verification network for all rollups.   Recently, AltLayer launched its native token ALT and rewarded users who staked on Celestia and EigenLayer, holders of AltLayer’s NFTs, and participants in its community campaigns. About 300 million ALT tokens, equivalent to $141 million or 3% of the total supply, were distributed in the initial airdrop, and 83% of these tokens have already been claimed. With the recent funding, AltLayer remains committed to revolutionizing decentralized innovation through rollup technology, advancing security and interoperability in the cryptocurrency landscape. The post AltLayer Raises $14.4M in Funding to Innovate Restaked Rollups Infrastructure appeared first on Metaverse Post.

10 days ago
The Cryptonomist
The Cryptonomist
followers

In the frenetic world of cryptocurrencies, where volatility is the norm and fortunes can be made or lost in the blink of an eye, Worldcoin’s WLD token has emerged as a focal point of attention.  With its recent meteoric rise, the token has sparked excitement and concern among investors, especially those associated with entities like Three Arrows Capital (3AC) and FTX. The WLD token of Worldcoin emerges despite concerns related to FTX and Three Arrows Capital The surge in WLD prices, which have more than doubled in just the last week, is proving to be a windfall for creditors of 3AC, as highlighted by the company’s founder, Su Zhu.  This development comes amid anticipation and apprehension for a significant unlock of tokens, worth 165 million dollars, scheduled for this week and until February 26th. For Zhu and other people connected to 3AC, the increase in the value of WLD represents a positive aspect in an otherwise difficult period. Although Zhu himself cannot directly benefit from the token’s performance, he recognizes the potential upside for creditors holding substantial positions in WLD.  This optimism contrasts with the skepticism that greeted the initial investment of 3AC in Worldcoin in 2021, a move that attracted criticism due to the controversial nature of the project. Worldcoin’s ambition to provide digital identities linked to biometric data, particularly iris scanning, has attracted both the fascination and skepticism of the cryptographic community. Despite the polarizing nature of its vision, Worldcoin has managed to secure significant investments, including a $25 million round led by 3AC and a previous contribution from FTX founder Sam Bankman-Fried. The involvement of high-profile figures like Bankman-Fried highlights the potential importance of Worldcoin in the cryptocurrency landscape.  However, it also raises questions, especially in light of the recent controversies surrounding FTX and its founder, including allegations of fraud and the exchange’s failure. Even companies 3AC and FTX can benefit from the surge in WLD prices Although the exact stakes of 3AC and FTX in WLD have not been disclosed, clues suggest that both entities could benefit from the surge in the token.  This potential gain comes at a critical time, as investors prepare to unlock a significant token offering, which could exert downward pressure on prices in the short term. Amidst these developments, it is worth examining the origins of the recent rally of WLD. The launch of OpenAI’s Sora, a text and video generator, has been cited as the catalyst for the token’s surge.  Given the shared founder between Worldcoin’s parent company and OpenAI, investors see WLD as a proxy for the latter’s successes, further fueling speculation and driving prices to new highs. While WLD continues to break records, its market capitalization has risen to unprecedented levels, exceeding the $75 billion mark in fully diluted valuation.  This extraordinary achievement highlights the growing interest in Worldcoin and its potential to reshape the landscape of digital identity and decentralized finance. In perspective, the price trajectory of WLD will likely be influenced by a myriad of factors, including the outcome of token unlocking and broader market dynamics. Although creditors and early investors may benefit from the increase in the token, caution is justified by the uncertainties inherent in the cryptocurrency space. Conclusions In conclusion, the WLD token of Worldcoin has embarked on an extraordinary journey, characterized by a surge in prices and increased attention from investors.  The recent surge in the value of WLD has represented a potential gain for creditors associated with entities like Three Arrows Capital and FTX, highlighting the importance of strategic investments in the crypto space.  However, amid the euphoria, concerns remain about the upcoming unlocking of tokens and broader market dynamics, which could introduce volatility and uncertainty in the short term.  As stakeholders address these challenges, caution remains crucial, emphasizing the importance of informed decision-making and risk management. Despite the controversies and skepticism surrounding the vision of Worldcoin and its associated project, the resilience and recovery capability of WLD highlight the enduring appeal of decentralized finance and digital identity solutions.  In the future, the price trajectory of WLD will be closely monitored, reflecting not only the evolution of the Worldcoin ecosystem, but also the broader trends shaping the future of cryptocurrencies.

10 days ago
Coinpedia
Coinpedia
followers

The post Prepare for the Bull Run With the 8 Top Crypto To Buy Right Now appeared first on Coinpedia Fintech News Bullish momentum is picking up speed in the current crypto market. And now, investors are looking at promising assets expected to grow a lot. So, if you want to add some to your portfolio, here’s a list of the eight best crypto to invest in right now. Pullix (PLX) Pullix (PLX) is set to change how individuals trade online. Traditional exchanges meet decentralized exchanges. In other words, Pullix will combine the best features of both entities and place them into one. Therefore, traders experience deep liquidity, access to all asset classes (including cryptos), and self-custodian portfolio management – all the good stuff. The platform currently sits at Stage 8 of its presale, where it has already raised close to $6.5M, onboarded over 15,000 users globally, and is preparing for its launch. The native PLX token is available for purchase during this phase, as it will be pivotal in using the platform. As the main currency for trades, PLX also gets you reduced fees. A “Trade-to-Earn” revenue-sharing model will allow PLX stakers to receive a percentage of Pullix’s daily revenue, adding an enticing incentive. They also have added a burning feature that rewards long-term holders, which should increase the token’s value. Currently, one PLX crypto is worth $0.14 – a 250% ROI for all those that bought it early. With a dynamic pricing scheme that raises the token price with each successive step and at least one more presale stage left, the project is well-positioned to significantly attract potential investors and finish among the top cryptocurrencies of 2024. With a live platform demonstration available to the public, two trading licenses obtained and listings on both Bitmart and Uniswap, Pullix has the potential to become the next 100x token in 2024. For more information regarding Pullix’s presale see links below: Visit Pullix  Join The Pullix Communities VeChain (VET) VeChain (VET) is a big player in the crypto space and impresses with its real-world cases. Currently, VeChain shines brightest in supply chain management. As you’d expect, the more businesses get on board, the more potential there is for VeChain growth. In terms of the VeChain price movement, it has jumped from $0.029 to $0.046 in the past week alone. Its market cap grew from $2.16B to $3.35B in that period. The technical analysis for the VeChain crypto also paints a bullish picture, as 29 indicators are green. Therefore, market analysts forecast a pump to $0.067 for VeChain within Q1 of 2024. Render Token (RNDR) Render Token (RNDR) operates as a rendering network that serves as an intermediary between artists or studios and mining partners. In other words, artists can obtain GPU computing power while miners will provide this service to obtain Render Tokens. This utility has made countless individuals gravitate toward the Render Token. Recently, the Render Token has been on an uptrend. CoinMarketCap data shows that the Render Token price has increased from $4.64 to $5.40 in the last seven days. The Render Token market cap surged from $1.75B to $2.04B during that time. As the Render Token trades above its 50 and 100-day EMAs, analysts predict a hike to $6.85 within Q2 of 2024. Sei (SEI) Sei (SEI) is an L1 blockchain built on Cosmos that aims to shake up digital asset trading. The Sei crypto has turned some heads as its value soared recently. The Sei price increased from $0.68 to $0.92 in the past week alone. In terms of the Sei market cap, it also pumped from $1.69B to $2.35B in that period. Sentiment for the Sei crypto is bullish, as 19 technical indicators are green. Additionally, Sei has experienced 16/30 green trading days over the past month. Due to all these reasons, market analysts claim that Sei is one of the top crypto coins to watch and may surge to $1.60 within Q2 of 2024. Solana (SOL) Beloved for its rapid transactions and low fees, Solana (SOL) stands out from the rest. And with decentralized applications growing, demand for the Solana crypto could rise even more. The Solana price movement has surged from $99 to $109 in the past 30 days. The Solana market cap increased from $44B to $48B in that period. At the moment, the technical analysis for this crypto shows a bullish trend forming. For instance, the Solana crypto has experienced 18/30 green trading days in the last 30 days. Furthermore, 23 technical indicators are showing green for Solana. As a result, experts predict that Solana may surge to $123 within Q1 of 2024. Ethereum (ETH) Ethereum (ETH) is the second-oldest cryptocurrency and one of the top crypto coins. Essentially, Ethereum is a smart contract and decentralized apps pioneer. Over the last seven days, the Ethereum crypto value has risen from $2,497 to $2,770. Not only that, the Ethereum market cap also saw a jump from $299B to $332B in that period. Currently, over 27 technical indicators are showing green for the Ethereum crypto. Plus, Ethereum now trades above its 100 and 200-day EMAs. Because of all these reasons, experts predict that Ethereum may pump to $3,629 within Q2 of 2024. Manta Network (MANTA) Manta Network (MANTA) is carving out its lane in the crypto market. Its focus on privacy and scalability may make Manta Network a hit. With an exciting approach to decentralized privacy, Manta Network could make a huge splash this bull run. The Manta Network crypto price has surged from $2.27 to $2.94 in the past month alone. During that time, the Manta Network market cap increased from $571M to $738M. Additionally, Manta Network now has seven technical indicators in the green. Thus, experts predict that the Manta Network price may hit $4 within Q1 of 2024. Fetch.AI Fetch.AI (FET) is integrating artificial intelligence with blockchain. As AI integration gains traction, Fetch.AI’s potential for growth in the crypto market could skyrocket. Recently, the Fetch.AI crypto has been on a tear. Fetch.AI has surged from $0.59 to $0.71 in the last seven days. This crypto’s market cap also pumped from $498M to $593M during that time. Currently, sentiment for the Fetch.AI crypto is bullish, as 27 technical indicators are flashing green signs. Not only that, but Fetch.AI now trades above its 100- and 200-day EMAs. As a result, experts have made a bullish Fetch.AI price prediction. They forecast a surge to $1.06 for this crypto within Q2 of 2024.

10 days ago
Bitcoinworld
Bitcoinworld
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New York Community Bancorp’s (NYCB) stocks has dropped more than 61% in 2024, sparking fears of another regional financial catastrophe in the U.S. Because of this potential crisis, predictions of a $1 million price tag for Bitcoin are starting from crypto experts. As the situation worsens, $BTC is already showing signs of significant bullish activity, rallying past $48k. Meanwhile, after surpassing the $3.2 million mark, Galaxy Fox ($GFOX) has become one of the best meme coins to buy in 2024. Continue reading to learn more. >>BUY $GFOX TOKENS<<   Bitcoin ( $BTC ) Could Surge To $1 Amidst Banking Crisis Following the release of its 2023 fourth-quarter results, the New York Community Bancorp stocks plunged by more than 25%. The report stated that the bank recorded an unexpected $260 million loss in Q4 2023. The recent price decline now means the stock of the U.S. bank is down by more than 61% since the beginning of 2024 to trade at its lowest level since June 2021. The plunging stock prices of regional banks have raised concerns of another crisis less than a year after the previous one. Similar to the 2023 regional financial crisis, $BTC has had a major bull run. On the weekly chart, Bitcoin has risen 10% to $47,000. With the banking crisis intensifying, crypto experts are bullish on Bitcoin in 2024. In response to the banking crisis, Arthur Hayes, former CEO of BitMEX, has kept the Bitcoin $1 million bet on the table. While the projection of $1 million in bitcoin is extremely optimistic, it is not impossible. With the Bitcoin halving taking place in less than 70 days, $BTC is undoubtedly one of the best crypto coins to invest in the next few months. >>BUY $GFOX TOKENS<<   New Meme Coin Raises $3.2 Million, Prepares for 100x Price Surge Amidst the growing belief in Bitcoin, Galaxy Fox ($GFOX) has emerged as one of the best altcoins to invest in. In just a few weeks of its unveiling, this new ICO crypto has raised more than $3.2 million for the development of its ecosystem.  Galaxy Fox has attracted this much support as many investors have backed it to become one of the best meme coins to buy in 2024. As a meme coin, $GFOX differs from the likes of Dogecoin, BONK, and Pepe. While these meme coins are solely fueled by community support and hype, Galaxy Fox has built a blockchain gaming ecosystem to back its meme coin.  The Galaxy Fox web3 endless runner game has been designed to reward players with GFOX based on their in-game performance. The Galaxy Fox interplanetary leaderboard tracks participants’ performance. The higher a player’s rank, the greater their prizes.  Furthermore, the game includes some of the coolest NFT collections that can enhance player characters. They can also be used as temporary attribute boosters, which can be purchased in the Galaxy Fox marketplace. Aside from its gaming capabilities, Galaxy Fox has attributes that make it one of the best meme coins to buy.  Galaxy Fox has also integrated a reward system, known as Stargate, dedicated to reward owners of $GFOX tokens using 2% of all the money it generates from transaction fees. With this method, investors are continuously rewarded and encouraged to maintain their investments for the long run.       In Conclusion With Galaxy Fox present in two distinct cryptocurrency sectors, analysts have projected a parabolic rise for $GFOX this year. It has been predicted to rise by up to 100x in the bull market. With its current price at $0.00198, $GFOX is currently regarded as the best cheap crypto to buy right now. Once the token hits retail exchanges, its price is likely to explode in a parabolic rally. So don’t hesitate – get involved today!    Learn more about Galaxy Fox ($GFOX) here: Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter The post $1 Million $BTC Prediction as Regional Banks Face Ongoing Crisis; This Memecoin Just Hit $3.2 Million appeared first on BitcoinWorld.

11 days ago

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