Crypto

Immediately after the dovish FOMC on Wednesday, the meme coin market witnessed a sharp bounce, giving credence to the idea that they will remain the assets of choice for investors.  In particular, new meme coins continue to be in high demand, owing to their greater return-on-investment potential.  Several popular crypto analysts have identified Sealana as potentially the next big Solana meme coin. Owing to the hype surrounding the project, $SEAL has raised over $150k in its presale in just over…

Bitcoin’s price went on quite the wild ride throughout the past seven days. The cryptocurrency is down 4.2% during that period but this summary doesn’t do the action any justice, so let’s dive in. The market was fairly calm in the beginning of the week, trading at around $64K with little signs of significant volatility. Things started going downhill after April 30th, however. It was then BTC took a massive hit, dropping toward $60K, sending many investors in panic. The…

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum broke under $3,000 and closes this week with a 5% loss. This latest crash in the price made a lower low which shows bears are still in control of the price action. The current support is at $2,900 and buyers have to protect this level at all costs. If they fail, then the next major support will be found at $2,500. Looking…

The post Legendary Crypto Analyst Say Ethereum ETF Is Not Going To Be Approve In May, August Deadlines in Doubt? appeared first on Coinpedia Fintech News Renowned crypto analyst Michaël van de Poppe has weighed in on the likelihood of an Ethereum Exchange-Traded Fund (ETF) approval in May, suggesting that approval is unlikely to be approved in May as the deadline nears for three prominent contenders out of seven who filed for an Ethereum Spot ETF. ETH ETF Isn’t Going…

The post 3 Best Crypto Presales To Buy This Month To 10x Your Portfolio – Billion Dollar Jackpot, Dogeverse & 5thScape appeared first on Coinpedia Fintech News Looking to supercharge your crypto portfolio? Dive into the world of crypto presales with these three exciting projects: Billion Dollar Jackpot, Dogeverse, and 5thScape. Each offers unique opportunities for early investors to capitalize on potential exponential growth. Let’s explore what sets them apart: Play-To-Earn F1 Gaming: Billion Dollar Jackpot Billion Dollar Jackpot (BDJ)…

The post XRP Market Cap Is Poised To Hit $2.61 Trillion Hints Top Crypto Analyst  appeared first on Coinpedia Fintech News In a recent tweet that has sparked excitement among XRP enthusiasts, well-known crypto analyst EGRAG CRYPTO hinted at an upcoming market movement for XRP, referring to it as the “3rd Kaboom.” EGRAG CRYPTO’s analysis suggests a significant breakthrough in XRP’s market cap will take XRP’s price to an unprecedented height.  Formation of Kaboom On XRP EGRAG CRYPTO is closely…

The post Crypto Hack Losses Hit Lowest Point Since 2021: What’s Behind the Decline? appeared first on Coinpedia Fintech News The cryptocurrency market, particularly in April 2024, reported a vast drop in hacking, exploits and scam losses, making it the lowest figure since 2021. As reported by the  Blockchain security platform CertiK, the total losses for the past month are estimated to be approximately $25.7 million, which indicates a decrease of 141% compared to the losses of the previous month.…

In his most recent publication dated May 2, 2024, Arthur Hayes, the founder of exchange BitMEX, shared his insights into the crypto market’s recent tumultuous behavior and the broader macroeconomic signals shaping potential future trends. Titled “Mayday,” his essay directly addresses the crypto market, which has experienced significant volatility since mid-April. Stealth Money Printing Is Commencing Hayes begins by noting the observable distress in the crypto markets, which he attributes to a confluence of factors including the end of the…

There are around 23,000 bitcoin options about to expire on May 3. These have a notional value of around $1.4 billion which has been pretty similar to previous expiry events. Crypto markets have been dumping hard all week but have recovered marginally in late trading on May 2. However, bitcoin remains under $60,000 and sentiment has turned bearish in the short-term. Bitcoin Options Expiry Today’s big batch of Bitcoin contracts have a put/call ratio of 0.49. This means that there…