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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The Rise of Bitcoin: A Challenge to Traditional Finance
As trust in traditional financial systems weakens and economic instability rises, more people are turning to cryptocurrencies. To avoid increasing inflation and government control, more people view Bitcoin as a strong alternative to fiat currencies. Many now wonder if Bitcoin could replace traditional money within the next decade, and there are clear signs that this shift may have already started. Reasons Fiat Money is Losing Popularity Bitcoin pushing out fiat currencies could be possible due to: Advance in Technology Fiat…
9 months ago
POLKADOT Price Analysis 10-2: DOT Tanks As Middle East Crisis Spooks Markets
Polkadot (DOT) has been down almost 8% over the past 24 hours as escalating tensions in the Middle East have led to the crypto market crashing, with investors flocking to safe-haven assets. DOT lost several key support levels and is currently trading around the $4.16 mark, with sellers remaining in control. Polkadot (DOT) Facing A Difficult Week The current week for Polkadot (DOT) has been nothing short of a bloodbath, with the altcoin giving up the gains made last week…
9 months ago
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BankARCHIV3: Poland’s Second-Largest Bank Chooses Aleph Zero to Tokenize Historical Art
Zug, Switzerland, October 2nd, 2024, Chainwire Poland’s second-largest bank, Pekao S.A., used the Aleph Zero L1 blockchain to tokenize and preserve internationally renowned Polish artworks. Bank Pekao, Aleph Zero, and Degen House are proud to announce the launch of Archiv3, a project to tokenize and preserve Polish cultural heritage on the Aleph Zero blockchain, with digital reproductions securely stored in the Arctic World Archive (AWA). This initiative combines blockchain technology with a commitment to cultural preservation, ensuring the safekeeping of…
9 months ago
2 Solana ICO Whales Are Back in Action After a SOL Selling Spree Last Week, Seen Buying Viral Token Below $0.09
After less than a week of successive sell-offs of SOL tokens, two prominent Solana (SOL) whales, who had previously bought SOL during Solana’s ICO, have returned. However, they are not just back for Solana tokens, nor are they back for new Solana tokens. Rexas Finance (RXS) is the hottest new Internet meme token that they are currently gravitating towards.The rise of Solana over the $200 mark in the subsequent few years turned out to be one of the best returns…
9 months ago
5 Cryptos That Will Take You From Working 3 Jobs 24×7 to Becoming a Millionaire by 2026
Cryptocurrency represents rabbit holes with more valuable opportunities for individuals seeking liberation from grooming. Of late, it has made it possible for many common people to become millionaires and simply using the right investment projection, anyone can be the next.If these investors are to quit working for several jobs, they would need to invest in these five cryptocurrencies, which will grow to levels that will enable them to retire by 2026. Here’s a rundown of the top five cryptos to…
9 months ago
Single Mom Who Flipped $1,200 Stimulus Check into $1.2M with Shiba Inu, Shares Top 3 Cryptos That Will Explode Like SHIB in 2025
The concept of the crypto market is no stranger to turbulence but assets like that of Shiba Inu (SHIB) have revealed an extreme level of unpredictability along with its potential for immense growth. In particular, one single mother employed a $1,200 stimulus check to invest in SHIB and ended up earning an impressive $1.2 million which caught the eye of the whole society of crypto investors.This single mom has now presented three more figurines, in which she sees a similar…
9 months ago
These 4 Cardano Alternative Cryptos Will Turn $250 into $250,000 Even Before ADA Reclaims $3
As Cardano's (ADA) price suffers and the once-achieved $3 mark seems ever elusive, investors are looking for high-growth alternatives to diversify their portfolios. Although Cardano has long-term potential, a few other cryptocurrencies might see a very significant increase in the short term. Here's a forecast for Cardano's price performance as well as four other tokens that have the potential to increase from $250 to $250,000 before ADA ever reaches its previous peak of value. Cardano (ADA) Price Prediction: Path to…
9 months ago
Mpeppe Presale Hits $3M As Mpeppe Releases New Telegram Gaming Platform
Frankfurt, Germany, October 2nd, 2024, Chainwire Mpeppe (MPEPE), a cryptocurrency project merging online gaming and decentralized finance (DeFi), has reached a significant milestone with its presale exceeding the $3 million mark. Alongside this achievement, Mpeppe (MPEPE) has launched an exciting new gaming platform on Telegram, offering users a fun and interactive experience while earning rewards. With the Mpeppe Casino on the horizon and the MPEPE30 promo code for early participants, Mpeppe (MPEPE) is aiming to establish a presence in the…
9 months ago
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SecuritySui Integrates SCION as a First-of-its-Kind Security Protocol for Network Validators
Grand Cayman, Cayman Islands, October 2nd, 2024, Chainwire Sui becomes the first blockchain to enable the most secure modern alternative to the Border Gateway Protocol Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it will be the first blockchain to provide validators with a comprehensive defense against Internet routing attacks that have caused significant downtime on other networks, addressing the risks to Web 3.0 at the layer of the underlying Internet infrastructure and fortifying…
9 months ago