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For quite some time now, Ripple (XRP) and Cardano (ADA) have been dubbed as entities of major significance. These two coins have had their respective share of the best performances and the worst ones offering a lot of returns and technological advancements to the investors. Nevertheless, a new player, Rexas Finance (RXS), seems to be appealing to the crypto world- both enthusiasts and experts.Based on its hot presale and the promising future projection, analysts believe that there is a possibility…

Source: Depositphotos Blockchain travel ecosystem Camino Network has revealed that it’s joined forces with Outlier Ventures, whose Ascent token launch program will help optimize preparation for the forthcoming launch of the CAM token. Outlier Ventures will assist Camino Network in releasing its native token, providing the advice, partner introductions, and tooling required to ensure a successful deployment of the multi-function utility token. Outlier Ventures specializes in providing a string of services to web3 projects that are exploring tokenization. It has…

The cryptocurrency market is no stranger to volatility, especially when it comes to memecoins like Shiba Inu (SHIB). Once dubbed the “Dogecoin Killer,” SHIB enjoyed its time in the spotlight, gaining millions of loyal supporters and a significant market cap. However, despite these successes, Shiba Inu (SHIB) now faces increasing pressure from new tokens, particularly those with more utility and real-world applications. A key example is GoodEgg (GEGG), a new AI-powered social dating platform that is turning heads in the…

Crypto analyst Ali Martinez has revealed the bearish sentiment among Binance’s top traders towards Bitcoin. This development suggests that the flagship crypto might soon experience significant downward pressure.  Binance Top Traders Are Shorting BTC Martinez revealed in an X (formerly Twitter) post that 51.41% of the top traders on Binance are shorting Bitcoin. This indicates that these traders expect the flagship crypto to experience a price decline despite its recent recovery above $60,000. Indeed, BTC started this week with a…

Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing increasing bearish sentiment in its futures market, according to a recent analysis by CryptoQuant analyst ShayanBTC. The analyst reported on the CryptoQuant QuickTake platform that Ethereum’s futures market has shown its lowest funding rates of 2024. This trend indicates that traders in the perpetual futures market are currently less optimistic about Ethereum’s short-term price movements. Ethereum Declining Funding Rates And Market Implications According to ShayanBTC, the 50-day moving average of Ethereum’s…

Today’s Ethereum-Bitcoin (ETH/BTC) trading pair slid below 0.04, a level last seen in April 2021. The declining ETH/BTC ratio could have multiple implications for the wider altcoin market. Altcoins Might Suffer Due To Weak Ethereum One of the key indicators to gauge the resiliency of the altcoin market is the ETH/BTC ratio. The ratio essentially tracks the relative price strength of Ethereum against Bitcoin and is widely considered a metric that could indicate the future potential price action of altcoins.…

Solana declined and tested the $128 support zone. SOL price is consolidating losses and might aim for a fresh increase above the $132 resistance. SOL price started a consolidation phase from the $128 zone against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish…

My Neighbor Alice (MNA), the open builder game that’s developed a sizable player base since launching three years ago, has announced its new season. It’s also shared details of a token airdrop and a host of upgrades that will enhance gameplay and provide new opportunities for players to interact within the Lummelunda Archipelago where the action unfolds. My Neighbor Alice Brings the Beta Poised to commence on September 24, Beta Season 2 of My Neighbor Alice will introduce new quests,…

Binance founder Changpeng Zhao is set for early release from US prison after serving a reduced sentence for breaching anti-money laundering laws, raising questions about his future role in the crypto industry. Early Release and Its Implications Changpeng Zhao, the founder and former CEO of Binance, is set to be released from the Long Beach Residential Reentry Management (RRM) on September 29, as per the US Federal Bureau of Prisons (BOP). Zhao, widely known as CZ, was sentenced to three…