[ad_1] In decentralized finance (DeFi), Asia, particularly China and its neighboring countries, is poised to become the catalyst for the next major crypto bull run, according to the analyst and DeFi researcher “DeFi Ignas.” In a recent social media post on X (formerly Twitter), the researcher highlighted various factors contributing to this outlook, shedding light on the emerging trends across the Asian continent. Asian Crypto Landscape The researcher notes that South Korea, known for its active retail investor base, has seen a surge in crypto trading, with altcoins dominating around 80% of exchange volume. Notably, the country’s crypto culture is…
Author: dfrancis36
[ad_1] A handful of crypto assets have been witnessing “exploding” whale activity amid an uptick in digital asset prices this week, according to the analytics firm Santiment. Santiment notes on the social media platform X that the smart contract platform Cardano (ADA), the memecoin Shiba Inu (SHIB) and the Internet of Things (IoT) project Jasmy (JASMY) all enjoyed price jumps in the past couple of days following spikes in whale interest. Explains the firm, “The amount of $100,000+ transactions on each of these networks have all more than doubled this week compared to usual 2024 averages, signaling accumulation.” Source: Santiment/X…
[ad_1] Bitcoin continues to be the market leader. However, despite significant developments, such as the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), the anticipated price surge to $100,000 remains ‘unrealized.’ Charles Edwards, founder of Capriole Investments, commented on this and took to Elon Musk’s social media platform X to explain the hurdles preventing Bitcoin from achieving this milestone. Related Reading Examining Bitcoin’s Stagnation Below $100k According to Edwards, one of the primary factors is the sale of Bitcoin by long-term holders. His analysis shows a decline in wallets holding Bitcoin for over two years, from an all-time high of 57%…
[ad_1] Santiment has revealed how major cryptocurrencies like XRP, Bitcoin, and Dogecoin currently compare regarding supply profitability. XRP, Dogecoin, And Other Assets Compared On Basis Of Profitability In a new post on X, the on-chain analytics firm Santiment discusses how the various top coins in the cryptocurrency sector currently stand in terms of Supply in Profit. The “Supply in Profit” here refers to an indicator that keeps track of the total percentage of any given asset’s supply in circulation that’s currently carrying some amount of net unrealized profit. Unlike the version of this metric from some other analytics firms, where…
[ad_1] Artificial intelligence (AI)-based digital asset Worldcoin (WLD) is claiming that nearly nine out of ten users in Spain, a country that banned it earlier this year, support the altcoin’s return. In a new blog post, Worldcoin – an eye-scanning, privacy-focused project founded by OpenAI CEO Sam Altman – says it has conducted a study of 21,000 Spanish users and found that about 90% of them support it coming back. “A new customer survey of more than 21,000 people in Spain, the first of its kind to give a voice to Worldcoin users, shows just how important digital proof of…
[ad_1] As the overall sentiment in the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged as the standout performer, experiencing a 400% gain in the past 30 days alone. Having launched just three months ago, BRETT now boasts a market cap of $1.7 billion, positioning itself as the top gainer in the top 100 spot of the market. The Largest Meme Coin On The Base Network BRETT is a meme coin built on the Base network, with its mascot inspired by a character in…
[ad_1] Popular frog-themed cryptocurrency, Pepe (PEPE) has witnessed a dramatic surge in its trading activities, surpassing prominent cryptocurrencies like XRP, the 7th largest cryptocurrency by market capitalization and Shiba Inu (SHIB), the second largest meme coin by market capitalization. Trading Activity Surpass Shiba Inu And XRP A crypto member identified as ‘KingChad’ on X (formerly Twitter) has unveiled Pepe’s remarkable performance over the past month, highlighting the meme coin’s surging 30-day trading volume, which has exceeded a whopping $41 billion. Pepe’s significant trading activity has notably outperformed XRP and Shiba Inu. Precisely, XRP recorded a trading volume of about $34…
[ad_1] A widely followed crypto analyst says one meme asset that has seen tremendous gains over the last eight months will continue its upward momentum. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 217,000 followers on the social media platform X that memecoin MAGA (TRUMP) will go “berserk” even though it experienced a slight pullback. “TRUMP: this is still one of my bags and this is pulled back to the .50 [fibonacci level], I think I’m going to add to my position around here. Still bullish with this overall narrative going into [the] election and TRUMP…
[ad_1] Celebrity memecoins have been the talk of the town for the past two weeks. A trend that resurged at the end of May quickly became one of the biggest narratives around the crypto community. Related Reading The industry has seen controversies, rug pulls, and Vitalik Buterin’s thoughts on the celebrity token frenzy. In the phenomenon’s most recent development, WWE wrestler Hulk Hogan beefed with Australian rapper Iggy Azalea. Celebrity Memecoins A Week Later Despite the trend starting around May 20 with influencer tokens, celebrity tokens didn’t gain mainstream traction until reality TV star and Olympian Caitlyn Jenner launched her…
[ad_1] President Donald Trump showcased his support for the Bitcoin and cryptocurrency industry again at a high-profile fundraiser in San Francisco on Thursday. Hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks’ Pacific Heights home, the event raised $12 million for Trump’s campaign, three sources present told Reuters. The event was attended by executives from Coinbase, the Winklevoss twins, and other industry leaders.JUST IN: 🇺🇸 Donald Trump pitched himself as the 'crypto president' at a San Francisco tech fundraiser. pic.twitter.com/s9W6RtKYeO— Bitcoin Magazine (@BitcoinMagazine) June 7, 2024 Trevor Traina, a San Francisco-based tech executive and former U.S. ambassador to Austria…