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A popular economist believes that one altcoin project supported by the BNB Chain ecosystem is setting the stage for a massive breakout. In a new X post to his 215,200 followers, Alex Krüger says that Plasma (XPL) is likely to have an explosive move to the upside once the token forms a local bottom. Plasma is a proof-of-stake (PoS) layer-1 project optimized for large-scale stablecoin payments and compatible with Ethereum (ETH). “Seeing widespread FUD (fear, uncertainty and doubt) around Plasma following its two-day ~40% price correction. Dump is driven by profit taking from unlocked ICO (initial coin offering) participants (non-US participants were unlocked) who are/were up about 20x-30x in under four months, in size. Abnormally high funding can be indicative of spot selling. Expect a strong move up as soon as indiscriminate spot selling subsides, whenever that may be.” Source: Alex Krüger/X Popular analyst Altcoin Sherpa is also predicting an XPL bo...

A widely followed crypto analyst says that one Ethereum (ETH)-based altcoin looks ready to skyrocket in the coming months while updating his outlook on Bitcoin (BTC) and Sui (SUI). In a new strategy session, crypto trader Michaël van de Poppe tells his 789,600 followers on the social media platform X that it appears as if the layer-2 scaling solution Arbitrum (ARB) is primed to rise over the next 1-2 months. “The bullish divergence on ARB remains to be valid as it starts to make higher lows and higher highs. One to watch, and as we have this higher timeframe bullish divergence, it’s a good indicator that this one will do well in the coming 1-2 months.” Source: Michaël van de Poppe/X ARB is trading for $0.411 at time of writing, a 1.8% increase on the day. Moving on to the crypto king, the analyst says that he ultimately believes BTC will slowly grind upwards to a new all-time high (ATH). However, he notes that if it were to lose support at $10...

A widely followed crypto strategist thinks that one layer-1 platform is closely following in the footsteps of Solana’s (SOL) 2021 bull market rampage. Pseudonymous analyst Kaleo tells his 698,600 followers on the social media platform X Sui’s (SUI) price action over the last two years looks very similar to SOL’s 2020-2021 market structure. In 2021, Solana exploded and rallied by about 300% in just three months after shattering its resistance at $55. Says Kaleo, “SUI looks primed for a move similar to the one SOL made in the Fall of 2021. SUI has been the emerging layer-1 market leader this cycle, similar to what SOL was then. If current structural similarities continue to play out, things are about to get fun.” Source: Kaleo/X Looking at the trader’s chart, he seems to suggest that SUI is close to skyrocketing and printing new all-time highs. At time of writing, SUI is trading for $4.04. Kaleo is also bullish on the lead...

Analyst Ali Martinez is highlighting a crypto asset that he believes is primed for a rally while unveiling his outlook for Cardano (ADA). Martinez tells his 125,200 followers on the social media platform X that the utility token of the Onyx layer-3 blockchain, Onyxcoin (XCN), is consolidating in a descending triangle pattern and is “potentially gearing up for the next leg up.” In technical Analysis , a descending triangle is considered bullish if the price of an asset breaks out from above the descending trend line. Source: Ali Martinez XCN is trading at $0.0247 at time of writing, up by 920% from the January 16th low of $0.00242. Next up is Cardano. Martinez says that ADA is currently mirroring a pattern that previously resulted in a 2,600% rally. “Looking back at history, Cardano seems to be repeating the same pattern from 2020 to 2021 at a slower pace, which could soon lead to a parabolic rally!” Source: Ali Martinez Based on the trader’s chart...

With XRP price movements testing critical levels after years of consolidation, there is already a shift in focus towards emerging altcoins such as ETFSwap (ETFS) . As a new altcoin in the decentralised finance space, ETFSwap (ETFS) is positioning itself as a strong alternative to XRP in the growing ETF landscape. XRP Price Prediction: Local Bottom Forms Amid Market Uncertainty For years, the XRP price has encountered resistance around $0.55, with support levels lingering between $0.51 and $0.52. After experiencing a downturn since its all-time high in 2018, XRP price has formed what appears to be a “local bottom” that has garnered attention. Technical indicators, including the potential for a “double bottom” pattern, suggest a possible reversal, although signs of recovery are still limited.  The relative strength index (RSI) remains near neutral, and some moving averages indicate stabilisation if the XRP price can maintain its floor above $0.50. How...

The Shiba Inu price has declined as the crypto market retraces its recent growth. Despite this bearish performance, a machine learning algorithm has predicted that SHIB might soar 109% soon.  Meanwhile, RCO Finance (RCOF) , an emerging DeFi altcoin, has stolen the show after surging significantly during its presale and promising more gains.  Which altcoin is set to generate the best returns between Shiba Inu (SHIB) and RCO Finance (RCOF)? Let’s find out! Shiba Inu Price Slips 1% in a Week: Are Bulls Returning Soon? Shiba Inu has showcased weak performance over the past week, shedding 1% of its value. On October 28, the Shiba Inu price was hovering around $0.00001699. The Shiba Inu price gained momentum on October 29 after Bitcoin (BTC) surged past $70,000 for the first time since June.  This bullish Bitcoin price action triggered an altcoin season, and the Shiba Inu price set a weekly peak of $0.00001973 the same day. However, traders started taking pro...

Ripple’s XRP had a tough couple of years with the Securities and Exchange Commission (SEC) of the United States targeting the firm. The SEC’s last-minute appeal earlier today infuriated the XRP Army. In doing so, the government hopes to overturn portions of a summary decision that U.S. District Judge Analisa Torres handed down over a year ago. By finding that Ripple’s sales of XRP to individual investors on digital asset platforms did not contravene U.S. securities laws, Torres’ July 2023 opinion largely rewarded the business. Also Read: Shiba Inu (SHIB) DAO To Launch Soon: Will It Help SHIB Claim $0.00003? XRP’s Price Journey And Future Projections While Ripple navigates its way through these legal hurdles, the price of the asset continues to move sideways. Despite this battle, the altcoin has managed to retain itself in the top 10. At press time, the altcoin was trading at $0.5501 following a dainty drop of 0.31% over the past 24 hours. Source Due to its ...

Top US-based crypto exchange Coinbase believes digital assets are just warming up for big rallies in the months ahead. In a new research report, Coinbase Institutional says the recent change in the macroeconomic backdrop suggests that Bitcoin (BTC) and crypto are primed for a Q4 surge. Coinbase says the Fed and the People’s Bank of China (PBOC) are now pursuing looser monetary policies – conditions that have historically been supportive of higher crypto prices. “Looking ahead, we retain a constructive outlook for 4Q24 mostly predicated on our favorable view of the current macro environment, alongside the idiosyncratic factors listed above. For example, just last week, we argued that one of the most significant implications of the Fed decision to cut 50bps (basis points) is that this provides cover for other monetary authorities to take more stimulative measures. This has been followed by China revealing a massive double fiscal and monetary stimulus p...

The price of Ripple’s XRP has taken several hits throughout this week. The asset dropped to a low of $0.506 following a weekly decline of 4.43%. XRP was trading at $0.575 at press time with no major fluctuations over the last 24 hours. Also Read: FLOKI: Double-Bottom Pattern – Next Big Investment with 20% Surge? XRP’s Performance and Future Predictions Source Yearly Performance Review Looking back at the year, XRP comparatively had a slow 12 months. The altcoin saw an 11.28% growth in the past year. XRP’s counterparts were seen hitting new highs and making immense progress. Despite this sluggish start, the altcoin could close the year better. Also Read: BRICS Countries Dominate List of Top 10 Fastest-Growing Economies How High Can XRP Surge By the End of 2024? A panel of 29 fintech experts from Finder provided their predictions for the price of XRP in the future. They estimate that it will average $0.66 by the end of 2024. However, certain panel members were overly opt...

In November, the decentralized finance (DeFi) sector’s share of the crypto currency market increase d by 18% compared to last month. November also turned green for non-fungible tokens (NFTs). Trading volumes recently jumped 200%, according to the latest report from Binance Research. Analysts noted that the rate remained from 3.8% to 4.1% throughout the year. However, in November, it began to overgrow. Over the month, the share of the DeFi sector increased by 18% and ended at 4.44%. The main drivers of significant growth were THORChain, PancakeSwap, Uniswap, and Synthetix. Additionally, since the start of 2023, the value locked (TVL) in DeFi protocols has increase d by 25%, with a 14% increase in November alone. Throughout the year, the figure was at $45-50 billion. Considering the latest dynamics, we can expect a breakthrough of the $50 billion mark. You might also like: Altcoin market on brink of parabolic growth, analyst predicts The dominant blockchai...

But Solana was the only other major asset to show inflows for the week. Cryptocurrency assets experienced inflows for the first time in six weeks during the week of Sep. 22-28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares. Bitcoin was the biggest gainer with in flows in the amount of $20.4 million for the week. Good week, everyone. Here are the latest #FundFlows and observations by CoinShares Head of Research @JButterfill. This week in flows : US$21m (after 6 weeks of out flows ) We believe these in flows are a reaction to a combination of positive price momentum, fears over US… pic.twitter.com/0VHHBh1n50 — CoinShares (@CoinSharesCo) October 2, 2023 Solana took second with $5 million as the only other asset to show inflows. Per CoinShares, this is its 27th week of inflows with only four weeks of outflows for 2023, making it “the most loved altcoin this year.” On the flip side, Ethereum experiences outflow...

Despite coming up short of his goal, crypto trader Thomas Kralow said the crypto-funded expedition was all about two things: “Bitcoin and happiness.” A Bitcoin proponent’s recent attempt to crypto trade his way from New York to Alaska has come to a sudden and bitter end — some 900 miles from his final destination.  Thomas Kralow, a crypto trade r and educator recently set himself the daring task of traveling from one side of the United States to the other funded solely by trading crypto. On Aug. 12, Kralow set out from New York with his assistant Ilya and an initial budget of $5,000 cash. The pair forked out some cash for a dinged-up Mercedes and set up a Starlink antenna on the back of the vehicle — with fast internet being a requirement for quick trade s — leaving them with just $2,500 to trade their way to Alaska. Unfortunately for Kralow, he never made it to his final destination — with his cheap vehicle grinding to a permanent halt in Seattle, just 12 days after starting the j...

This could help raise cryptocurrency education, insulate consumers against scams, and increase the potential for wealth generation in crypto. A trio of researchers from the University of Cincinnati recently develop ed a Crypto Literacy Scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer and policy-maker understanding of cryptocurrencies and related technology. The team’s research paper, titled “Measuring Crypto Literacy,” details the gap between traditional financial literacy and crypto literacy and the need for a Crypto Literacy Scale and policies that will support cryptocurrency education and literacy efforts worldwide. According to the paper: “Measuring financial literacy has encouraged policymakers and educators to create programs that improve financial decision-making and increase financial empowerment. However, there is no similar corresponding scale to measure crypto literacy." The researchers point out that financial l...

The S&P 500 is attempting a recovery, but Bitcoin and select altcoins are struggling to break above their respective resistance levels. Bitcoin (BTC) is down about 11% in August, just shy of the 13.88% fall seen in the corresponding month in 2022, according to CoinGlass data. The picture does not look very bright for September either. History shows that every year since 2017, Bitcoin has declined in September.  Bloomberg Intelligence senior macro strategist Mike McGlone is even more bearish on Bitcoin. While speaking to Kitco News, McGlone warned that in case of a “global economic reset,” Bitcoin could nosedive to as low as $10,000. Daily cryptocurrency market performance. Source: Coin360 Although analysts have been giving both bullish and bearish targets, it is better to wait for the price to break out of the range before taking large bets. Typically, after a low volatile period, the volatility picks up but it is difficult to predict the direction of the breakout with certainty. ...

Technical analysts suggest that months of low volatility is often followed by a big price move. The Bitcoin (BTC) and Ether (ETH) 90-day price volatility hit a new multi-year low in August as the top two cryptocurrencies continue to trade under their key resistance of $30,000 and $2,000 respectively. According to data shared by crypto analytic firm Kaiko, the 90-day volatility of BTC and ETH hit 35% and 37% respectively making it less volatile than oil with volatility of 41%. Such a decline in the price momentum of the top two crypto assets was last seen in 2016. 90-day price volatility of Bitcoin, Ether and Oil. Source: Kaiko The chart above indicates that BTC and ETH price volatility is more than half at the same time last year. While August is considered a bullish month for the crypto ecosystem, the declining price fluctuation is considered bullish by many. Apart from the 90-day volatility at its lowest in 7 years, the daily Bitcoin volatility is also at 5-year low. Bitcoin dail...

A frontrunning miner extractable value (MEV) bot that had drained approximately $11 million worth Ether from the Curve protocol returned nearly all of it. A miner extractable value (MEV) bot that drained 6,106 Ether from the Curve Finance pETH-ETH pool has return ed most of the funds to the JPEG'd deployer, which represents nearly all of the drained funds . This event occurred after the bot's address sent a message on the Ethereum blockchain seeking to prove that their email address was associated with the frontrunning bot. The Ethereum IDM negotiations that led to the partial return of funds . Source: Etherscan .  The return ed funds come only from the pETH-ETH Curve pool associated with the JPEG'd protocol, which was frontrun by the bot. All other exploited funds are still under the control of the attacker who initiated the exploit. The Curve team has also sent a message to the original attacker in an attempt to get the rest of the funds return ed. This is a developi...

The latest Cointelegraph Report assesses the current growth rate of global cryptocurrency usage and tries to predict when crypto will reach mass adoption. Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets.  As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopters embrace it, moving into mass adoption as it expands to the early and late majority. Finally, it reaches those lagging behind in its final phase. Since its launch 14 years ago, Bitcoin’s (BTC) adoption has dramatically increased. The cryptocurrency has gone from being a fringe technology discussed by a small group of cypherpunks and nerds to being known worldwide, with some nation-states even adopting it as legal tender. According to most estimates, though, crypto’s global adoption rate is still in the single digits, which means it still remains...

The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said. The United States must implement Stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of Stablecoin issuer Circle. Allaire’s comments at the Consensus 2023 conference on Wednesday, April 25, were made in light of the recent U.S. banking crisis. The Circle — the stablecoin issuer behind USD Coin (USDC) — CEO called on Congress and the Federal Reserve to take action otherwise alternative currencies and payment systems will continue to eat into the dollar’s dominance: “We have a very active de-dollarization taking place. You're having very significant reactions to the U.S. risks in the U.S. banking system, risks with the US government itself, a geopolitical imposition on ...