Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Solana vs Rexas Finance: Why $1,000 in RXS Will Deliver a Bigger ROI than $1,000 in SOL Within the Next 6 Months
When considering an established giant Solana (SOL) blockchain with the relatively young Rexas Finance (RXS), then one thing becomes very clear. Although Solana is well established, there are much more return prospects in Rexas Finance, especially to early birds. Both tokens are useful, but for the next six months, if there is a race for high ROI, Rexas Finance is ready to dethrone Solana on that metric. Here’s why: Solana (SOL) - Is the Giant Facing a Slump? One such…
9 months ago
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DogecoinDogecoin and Shiba Inu Prepare to Run, but They Won’t Make You a Millionaire in 2025—Here’s Why and Where to Place Your Bets Instead
Even though Dogecoin and Shiba Inu have risen very well on meme coin status, the outlook on their road to making millionaires by 2025 is quite dim. Although both coins have spectacularly benefited in their previous rallies, the seeming absence of use and continuous reliance on social media makes the coins a poor option for such investors looking for future returns. If you are serious about creating wealth in the world of crypto, then it is time to move ahead…
9 months ago
This Dogecoin (DOGE) Rival Under $0.08 Is Expected to Enter Crypto’s Top 10 by 2025
Of all the meme coins that exist up until today, Dogecoin (DOGE) is perhaps the most enduring in the cryptocurrency market. However, according to some market analysts, there is an approaching coin that could, in fact, even replace DOGE and become one of the top 10 in line within the year 2025. At present, dominant utility and live ecotrace administration pricing Rexas Finance (RXS) is going for less than $0.08 and is attracting investors to take advantage of its development…
9 months ago
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CryptoKamala Harris Allegedly Working On Crypto Policies With Industry Advocates – Scaramucci
At the TOKEN2049 conference, SkyBridge Capital founder Anthony Scaramucci revealed that US Vice President and Democratic nominee Kamala Harris is working alongside industry advocates on her crypto policies before the November elections. Kamala Harris “Distancing” From Warren And Gensler On Thursday, Anthony Scaramucci claimed to be “working alongside” Kamala Harris to develop her campaign’s crypto policies. SkyBridge Capital’s founder announced at one of the largest crypto events worldwide that the Democratic nominee has been “hearing out” industry proponents. Scaramucci and…
9 months ago
Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
With its price climbing 17% over the past seven days, Avalanche (AVAX) has lately been on a winning run. Right now, the cryptocurrency is trading at $28.12, up 7% over the past 24 hours alone. This abrupt increase fits a larger recovery across the crypto market driven by a significant shift in the US financial scene: the Federal Reserve’s decision to lower interest rates. The Fed lowered interest rates by 50 basis points on September 18, therefore defining the new…
9 months ago
Bitcoin Demand Surge: Binance Buyers Take Charge As Coinbase Premium Falls
A recent analysis from a CryptoQuant analyst, known by the pseudonym ‘Avocado Onchain,’ has highlighted a notable development in the Bitcoin market. According to the analyst’s observations, the Coinbase Premium, which tracks the price difference between Bitcoin on Coinbase and Binance, has turned negative. This indicates that the price of Bitcoin is lower on Coinbase compared to Binance, a signal that often points to a divergence in buying activity across different markets. Buying Pressure Shifts To Global Markets Despite the…
9 months ago
Bullish Analyst Sees Cardano (ADA) Rising 13% As Key Indicator Signals Buy
In a notable divergence from the broader cryptocurrency market, Cardano (ADA) has faced challenges in capitalizing on the recent bullish sentiment triggered by the Federal Reserve’s decision to reduce interest rates by 0.50% earlier this week. While major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have seen gains exceeding 5% in the same timeframe, ADA currently trades at $0.3517, reflecting a 2% decline over the past week. Buy Signals For Cardano Despite these short-term setbacks, analysts remain optimistic about Cardano’s…
9 months ago
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BitcoinBitcoin Approaches $65,000: Is Now The Perfect Time To Buy?
As Bitcoin price valuation inches closer to the $65,000 mark, the asset has grabbed the attention of market analysts, with one recently highlighting a key indicator that now suggests a potential further recovery in BTC’s price. Particularly, according to a recent post on the CryptoQuant Quicktake platform by an analyst under the pseudonym ‘Darkfost,’ the Bitcoin Stock-to-Flow (S2F) reversion chart is now showing a major buy signal for Bitcoin. S2F Signal Prime Buy Opportunity The S2F model is widely used…
9 months ago
Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research
According to Steno Research, Ethereum’s (ETH) days of underperformance against the wider crypto market might be numbered following the US Federal Reserve’s (Fed) decision to cut interest rates. It’s Time For Ethereum To Shine Again Regarding price appreciation, ETH hasn’t had a particularly impressive 2024. While Bitcoin (BTC) and altcoins like Solana (SOL) and Tron (TRX) have witnessed considerable price gains, ETH is still trading at its January 2024 price levels. Notably, the second largest digital asset by market cap…
9 months ago