[ad_1] Coinbase, Binance and a host of other top crypto exchanges around the world rolled out immediate trading support for a brand new altcoin native to an “omnichain” project. LayerZero bills itself as an omnichain interoperability protocol. The project aims to move data across blockchains and support “censorship-resistant messages and permissionless development through immutable smart contracts.” On Thursday, the project launched its new native token, ZRO. Binance added support for the asset with a seed tag, and Coinbase assigned the token an experimental label. Both designations alert users to lower liquidity and newer tokens that could be particularly volatile. They…
Author: dfrancis36
[ad_1] Bitcoin has continued its recent bearish trajectory during the past day as the asset’s price has now slipped under $64,000. Here’s what the next support looks like for BTC. Bitcoin Has Strong On-Chain Support Between $61,900 & $63,800 According to data from the market intelligence platform IntoTheBlock, BTC is floating just above a critical on-chain demand zone. Demand zones refer to price ranges where many investors last bought their coins. These ranges can be determined through on-chain analysis, as the average cost basis of each address on the network can be readily calculated through its transaction history. Below is…
[ad_1] A crypto analyst has predicted that cryptocurrency payments company, Ripple could be the next high-valuation company, similar to Amazon and Facebook. This prediction comes as XRP witnesses poor performance amidst market volatility and Ripple’s ongoing court battle with the United States Securities and Exchange Commission (SEC). Analyst Predicts Ripple Emerging As Billion-Dollar Start-Up The host of the AllinCrypto YouTube channel has released a new video, underscoring Ripple’s future outlook and its ability to become a billion-dollar company. The analyst has expressed confidence that the United States will adopt Ripple as a “unicorn company” just like e-commerce and tech giants…
[ad_1] Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge. Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in inflows from Spot Bitcoin ETFs between 2024 and 2025. Related Reading Presently, the analysts…
[ad_1] Bitcoin continues to experience significant gloomy price movement, fueling a broader negative sentiment in the entire cryptocurrency market, which has led to heightened uncertainties among investors and traders. Despite this pessimistic movement in the past few days, popular cryptocurrency analyst and trader Javon Marks investigating Bitcoin’s price action has predicted an impending much greater bull reversal, leading to a new all-time high before 2024 closes. Bitcoin Gearing Up For A Massive Bull Rebound Javon Mark’s prognosis emphasizes the crypto asset’s recent break out from a falling wedge pattern potentially signaling the conclusion of the current bearish phase and paving…
[ad_1] A widely followed crypto analyst says that Bitcoin (BTC) is currently sitting at a “do-or-die” level while updating his outlook on altcoins Solana (SOL) and dogwifhat (WIF). In a new strategy session, crypto strategist DonAlt tells his 562,700 followers on the social media platform X that the crypto king’s weekly chart indicates it could go either way. “At a do-or-die weekly level here. As I stated before I really don’t like the $60,000 range low for another test. This one is better, untested support. If it breaks I think we’ll go to the next support indicated, if it holds…
[ad_1] In a bold political move, the Winklevoss twins, renowned for their early investment in Bitcoin and co-founding the cryptocurrency exchange Gemini, have each contributed $1 million in Bitcoin to the reelection campaign of former President Donald Trump, Reuters reported. This hefty endorsement highlights a significant intersection between the worlds of cryptocurrency and politics, raising eyebrows and stirring debates on both fronts. Crypto Kings Endorse Trump Cameron and Tyler Winklevoss are no strangers to making headlines. This time, they’ve done it by diving into the political arena, backing a candidate who once called Bitcoin a scam but has since rebranded…
[ad_1] Drug cartels in Mexico used Bitcoin (BTC), Ethereum (ETH) and other top crypto assets to purchase key ingredients for making the lethal synthetic opioid fentanyl, according to a new report from a US regulator. The Financial Crimes Enforcement Network (FinCEN) says cartels purchase fentanyl precursor chemicals, pill presses, die molds and other manufacturing equipment from Chinese companies using crypto and a variety of other methods. FinCEN is an agency at the U.S. Department of the Treasury that polices money laundering and terrorism financing. In addition to BTC and ETH, the cartels also reportedly transact with the top stablecoin USDT…
[ad_1] Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception. The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction. Related Reading 6 Million WIF To Binance On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to the largest crypto exchange. The whale transferred 5.97 million…
[ad_1] The crypto community’s attention was recently drawn to a Shiba Inu (SHIB) investor who has made millions of dollars from the meme coin. The investor’s strategy again highlighted the benefits of conviction and patience in the crypto market. Shiba Inu Investor Makes Over $6 Million Unrealized Profit From SHIB On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that the Shiba Inu investor had made $6.12 million from his investment in the meme coin. The platform revealed this while mentioning that the individual had just withdrawn 353.83 billion SHIB tokens from Binance and now holds 838.87 billion…