[ad_1] On-chain data suggests developments in these two Litecoin indicators could explain why the cryptocurrency has seen its latest price surge. Litecoin Volume & Social Dominance Have Surged Recently In a new post on X, the on-chain analytics firm Santiment has discussed about how the underlying metrics of Litecoin have looked during the latest surge in its price. There are two indicators of relevance here: the Transaction Volume and the Social Dominance. The first of these, the Transaction Volume, keeps track of the total amount of tokens (in USD) that are becoming involved in transfers on the LTC network. When…
Author: dfrancis36
[ad_1] Market analyst and President of the ETF Store Nate Geraci has backed the US-based spot Bitcoin ETFs to overtake the Gold ETFs in terms of cumulative net flows. This projection comes amidst a staggering performance by these Bitcoin ETFs in the past few days where they have attracted over $2 billion in weekly netflows. Spot Bitcoin ETFs To Surpass Gold ETF In 2 Years, Analyst Says The spot Bitcoin ETFs rattled the global financial markets this week recording net inflows of $2.13 billion according to data from SoSoValue. This massive influx of investments occurred as Bitcoin surged by 9.23%,…
[ad_1] According to a recent survey by the pro-crypto trade group The Digital Chamber, the US presidential candidate’s stance on crypto could be more significant than initially anticipated. 26 Million Voters In The “Crypto Voting Bloc” The “crypto voting bloc” refers to a group of voters – both Republicans and Democrats – who consider digital assets either “very” or “extremely” important in determining their vote. These voters are more likely to support a candidate with a pro-crypto stance. Of the 1,004 respondents surveyed, about 16%, or one in seven individuals, opined that digital assets will play a crucial role in…
[ad_1] The US Securities and Exchange Commission (SEC) has granted accelerated approval to 11 exchange-traded funds (ETFs) for listing and trading options tied to spot Bitcoin prices on the New York Stock Exchange. This decision follows a regulatory filing made public. In January, the SEC had approved Bitcoin ETFs to track the cryptocurrency’s value, marking a significant development for Bitcoin and the broader cryptocurrency market.Bitcoin ETFs Offer Hedging OptionsThe approved funds include the Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Grayscale Bitcoin Trust BTC, and iShares Bitcoin Trust ETF. These options will provide institutional investors…
[ad_1] A widely followed analyst and trader is leaning bullish on the Solana-based pet-themed memecoin cat in a dogs world (MEW) while outlining his forecast for Dogecoin (DOGE) and Shiba Inu (SHIB). The analyst pseudonymously known as Bluntz tells his 283,800 followers on the social media platform X that MEW is “about to break out very soon” after trading in a symmetrical triangle over the past few days. A symmetrical triangle can be a bullish continuation pattern if an asset takes out its diagonal resistance. Bluntz shares a chart suggesting that a breakout could send MEW close to $0.011. Source:…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] In the early hours of Friday, the official X (formerly Twitter) account of EigenLayer, a prominent restaking protocol, was compromised and used to promote a fraudulent airdrop, according to a confirmation from its developer, Eigen Labs. The hackers exploited the account to share misleading posts about a fake reallocation of EIGEN tokens for Season 2 of EigenLayer’s airdrop. This malicious campaign attempted to lure users into engaging with suspicious links and submitting claims under pretenses. The Aftermath And The Details Following the hack, Eigen Labs immediately alerted users about the breach, urging them to avoid interacting with the posts…
[ad_1] Analysts are optimistic that cryptocurrency World, formerly known as Worldcoin, could potentially have a price rally despite experiencing a recent price drop. Sam Altman’s Worldcoin said during a media event in San Francisco that it will now be branded as environment to expand its focus beyond digital asset ownership to identity verification in an AI-driven environment. Sam Altman and Alex Blania introduced the Orb 2.0, an upgraded iris-recognition system. The positive outlook on the World coin indicates that its value is forecasted to increase significantly in the upcoming weeks on the back of the crypto’s strong growth potential. World:…
[ad_1] A widely followed crypto analyst believes that Bitcoin (BTC) is on the verge of printing new all-time highs (ATHs) as it reclaimed the $68,000 level Friday. Crypto trader Michaël van de Poppe tells his 730,800 followers on the social media platform X that Bitcoin’s surge past the current ATH of about $74,000 may come within days. But he warns Bitcoin could first retest the $65,000 level before witnessing sustained rallies. “Bitcoin still consolidating, which means some weakness for the markets. Just a few weeks shy of the elections and a potential renewed rate cut from the Fed. The ATH…
[ad_1] Multiple market watchers suggest that memecoin sensation Popcat (POPCAT) is about to rally towards a new all-time high (ATH). As the token attempts to reclaim key resistance levels, some analysts warn the cat-themed memecoin could see a correction soon toward its monthly opening. Popcat Retest $1.4 Resistance Level Memecoin sensation Popcat has been one of the best-performing cryptocurrencies over the past three months. Despite the market retraces, the token outperformed most cryptocurrencies, becoming the first cat-themed memecoin to achieve a $1 billion market capitalization. In the last 30 days, Popcat has seen a 108% surge, hitting three new ATHs…