[ad_1] Toncoin has cemented its position as a top 10 coin. However, considering the weakness across the board, TON, the native currency, has not been spared the hammering. Although losses might be contained, the coin is down nearly 36% from 2024 highs, finding strong support at around $4.5. TON buyers are confident prices will recover, breaking above $6 in the coming sessions. However, its performance will be shaped by market sentiment and how Bitcoin reacts to local support and resistance lines. TON Sharpe Ratio Rising While there are external factors to consider, one analyst notes that the Toncoin Sharpe Ratio…
Author: dfrancis36
[ad_1] According to a well-known Bitcoin (BTC) analyst, the ETFSwap (ETFS) tokens could see gains as high as 7,000% in the month of October, while the XRP price is expected to rise to $1. The Bitcoin (BTC) analyst’s predictions point to exciting times ahead for crypto, but the ETFSwap (ETFS) tokens stand out for their innovative approach that could lead to even bigger things. ETFSwap (ETFS) Readies For A 7,000% Price Pump The ETFSwap (ETFS) platform is changing the game by combining decentralized finance (DeFi) with traditional financial markets. With its focus on tokenized assets, the ETFSwap (ETFS) platform brings…
[ad_1] A widely followed crypto strategist and trader believes that steep rallies are in store for one Solana (SOL) challenger. Pseudonymous analyst The Crypto Dog tells his 829,200 followers on the social media platform X that layer-1 chain Sui (SUI) may be poised to witness huge bursts to the upside after printing a new all-time high (ATH). With blue skies ahead for SUI, the trader thinks it is within the realm of possibility for the altcoin to go vertical. “We gonna see a proper parabolic ATH break run?” Source: The Crypto Dog/X At time of writing, SUI is worth $2.32…
[ad_1] On-chain data shows the Bitcoin Illiquid Supply has shot up to a new all-time high (ATH) recently. Here’s what this could mean for the asset. Around 74% Of The Circulating Bitcoin Supply Is Currently ‘Illiquid’ In a new post on X, analyst James Van Straten discussed the latest trend in Bitcoin’s Illiquid Supply. The concept of ‘liquidity’ for Bitcoin comes from the on-chain analytics firm Glassnode, which defines it for an entity as “the ratio of cumulative outflows and cumulative inflows over the entity’s lifespan.” An ‘entity’ here refers to a collection of addresses that Glassnode has determined to…
[ad_1] Este artículo también está disponible en español. Technical analysis suggests that Shiba Inu is currently positioned at a critical price junction, one that could lead to a massive 400% breakout to the upside. According to an analyst on the TradingView platform, the current Shiba Inu price action is pointing towards a full breakout of a bull flag formation. If this interesting projection were to materialize as anticipated, it would put the meme-inspired cryptocurrency on a steady path to a return towards its current all-time high. Shiba Inu Price Waiting To Break Above Bull Flag Taking to the TradingView platform,…
[ad_1] Samara Asset Group, a publicly listed German investment firm, has announced plans to raise up to €30 million ($32.8 million) through a senior secured Nordic bond issuance. The capital raise is aimed at expanding the company’s investment portfolio and significantly increasing its Bitcoin holdings, positioning it to potentially rival Michael Saylor’s MicroStrategy. $32.8 Million In Bonds To Buy Bitcoin The company has mandated Pareto Securities as the sole manager to arrange a series of fixed-income investor meetings. The bond issuance, subject to market conditions, is intended to be listed on the unregulated markets of the Oslo and Frankfurt Stock…
[ad_1] The community behind a synthetic dollar protocol on Ethereum (ETH) is proposing adding a top ETH rival to its reserve assets for its stablecoin. According to a new Ethena (ENA) community proposal, the community is considering adding Solana (SOL) as a reserve asset for the US-dollar pegged stablecoin USDe. “This proposal recommends an allocation of USDe’s backing to SOL utilizing substantially the same mechanics as Ethena’s hedging mechanism currently in place with BTC and ETH perpetual futures. The proposed allocation would be scaled into slowly in consultation with the Risk Committee considering SOL perpetual futures’ shorter history of trading,…
[ad_1] Este artículo también está disponible en español. Solana (SOL) is trading above $150 after days of uncertainty and testing critical demand levels. The altcoin has surged 13% since last Thursday, showing signs of strength amid market volatility. Now, Solana is just 5% away from the $160 key resistance, a crucial level it hasn’t surpassed since early August. This resistance marks a pivotal point for SOL, as breaking above it could trigger a significant bullish move. Related Reading Top analyst and investor Carl Runefelt has shared a technical analysis suggesting that Solana is forming a bullish pattern. According to his…
[ad_1] United Arab Emirates (UAE) granted AED Stablecoin LLC in-principle approval to launch AE Coin, the country’s regulated stablecoin, GulfToday reported. The stablecoin issuer aims to improve payments and transactions in the region. It also seeks to offer a stable currency based on blockchain technology and pegged to the Dirham for security and a better experience for businesses and individuals.AE CoinAE Coin aims to provide users with the benefits of a fiat-backed currency and the flexibility of blockchain technology. It is reportedly regulated by the Central Bank of the UAE, and every AE Coin issued will be pegged to the…
[ad_1] The world’s largest meme coin, Dogecoin (DOGE) could see even more heated competition from its primary rival, Shiba Inu (SHIB). According to Shiba Inu’s lead marketer, Lucie, SHIB could potentially surpass Dogecoin, especially with Tesla Chief Executive Officer (CEO), Elon Musk’s support for DOGE. This fierce competition would be driven by the potential integration of SHIB payments by the legendary automobile manufacturer, DeLorean Motors. DeLorean Motors Teases SHIB Support In an X (formerly Twitter) post on October 12, DeLorean Motors hinted at the possibility of accepting Shiba Inu as a payment option for their upcoming electric cars. In a…