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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Ripple XRP Case: SEC Moves To Appeal Court Ruling
In a significant move that could reshape the regulatory landscape for XRP and blockchain payments company Ripple, the US Securities and Exchange Commission (SEC) announced on Wednesday that it is appealing the court ruling limiting its authority over crypto markets. The appeal targets a July 2023 decision by US District Judge Analisa Torres, which determined that the XRP token, sold by Ripple Labs on public exchanges, does not qualify as a security under existing laws. SEC Appeals Court Ruling On…
9 months ago
Aptos Labs Announces Strategic Expansion into Japan with its Agreement to Acquire HashPalette, Developer of Palette Chain
Palo Alto, USA, October 3rd, 2024, Chainwire Aptos Labs today announced its landmark agreement to acquire HashPalette Inc., a subsidiary of HashPort Inc. and developer of the Palette blockchain. As part of the agreement, HashPort will migrate the Palette Chain and HashPalette’s applications into the Aptos Network, including EXPO2025 DIGITAL WALLET for Expo 2025, Osaka, Kansai, Japan. This acquisition is a key component of Aptos Labs' strategy to expand its footprint in Asia and bring the high-performing Aptos blockchain to…
9 months ago
Still Holding Your Hamster Kombat Tokens? You Might Be In For A Nice Surprise Soon
Hamster Kombat burst into the trading scene in September after a long-running airdrop farming event. Despite all of the hype leading up to the launch of the token, the airdrop did come out to be disappointing for investors, even though it listed at around a $500 million. Since then, the price has struggled against the bearish headwinds, losing around 43% of its value. However, this decline may be coming to an end according to one analyst, who sees a bullish…
9 months ago
Breakout Looms: XRP To Hit $7.5 After ‘Wake-Up Line,’ According To Analyst
Thanks to a bullish prediction by analyst EGRAG Crypto, XRP is now causing ripples in the crypto market again. He has recently done an analysis that shows the token is approaching a critical juncture. In the short term, prices may increase more than $1.50 if it can surpass the Genuine Wake-Up Line (GWUL). Traders pay attention to the significant resistance levels of XRP since it displays the price pattern of the cryptocurrency. By the first of November in 2024, CoinCodex…
9 months ago
Analyst Says Bitcoin Is In The ‘Final Test’, Here’s Where The BTC Price Is Headed Next
Bitcoin has seen a retracement from the $66,000 level, but that does not mean that the bullishness of the pioneer cryptocurrency is completely gone. It is currently sitting around 4% below $66,000, which still makes its $63,000 level very attractive for bulls. Although, given the current movement of Bitcoin, the market could see a deeper correction from here that could send its price spiraling below $60,000 once again. Bitcoin Symmetrical Triangle Could Trigger A Retest Crypto analyst Xanrox has presented…
9 months ago
Can SUI Break Past $2 Resistance? On-Chain Metrics Reveal Growing Demand
SUI has experienced an impressive surge of over 160% since the start of September, with its price now hovering around $2. This remarkable rally has analysts and investors highly optimistic about the future of the layer-1 blockchain. Beyond its soaring price, SUI is showing strong growth across key metrics, signaling increasing adoption and usage. According to data from DefiLlama, SUI’s total value locked (TVL) has reached new all-time highs, indicating a robust demand for its decentralized finance (DeFi) ecosystem. The…
9 months ago
Analysts Predict ETFSwap (ETFS) Price To Rise To $50 By 2030, Ripple (XRP) And Cardano (ADA) Get $5 Price Tags
Prominent crypto analysts have made audacious predictions concerning the price of some crypto tokens. Top of the list is ETFSwap (ETFS), which is set to rise to $50 by 2030. Meanwhile, Ripple (XRP) and Cardano (ADA) are expected to reach the $5 mark. ETFSwap (ETFS) Presents Diverse Investment Opportunities Crypto analysts have predicted that the ETFSwap (ETFS) altcoin will rise to $50 by 2030 due to its one-of-a-kind platform that provides investors with 24/7 access to a variety of tokenized…
9 months ago
BODEN, TRUMP And New Election Meme Coins Soar – Best Altcoins To Buy Now?
Investors are eyeing PolitiFi tokens with renewed interest as the US Presidential Election draws near. In particular, election meme coins are displaying outsized returns. For instance, BODEN was the top gainer on Kraken on Tuesday with a green 67% daily candle. Meanwhile, the TRUMP coin is up by nearly 50% over the past week. Considering that these PolitiFi coins are trading significantly below their all-time highs, they could be attractive investments in light of the November elections. However, smart money…
9 months ago
Smart Money Pulls Out of Risky PEPE and Dogecoin (DOGE) at Record Rate, Gobbling Up Viral MoonTaurus (MNTR) at $0.01
Investors are recently fleeing from high-risk assets like Dogecoin (DOGE) and PEPE, choosing instead to invest in the newly launched meme coin MoonTaurus (MNTR). This shift is driven by recent market dynamics and the appealing financial prospects of MNTR, which is currently in its presale stage at $0.01. Dogecoin (DOGE) Faces Decline Amid Uncertainty Dogecoin, once a favorite in the meme coin space, has recently seen its price dip from $0.115 to $0.10—a decline of 10% over the past four…
9 months ago