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…
Crypto
Here’s Why Investors Have Backed $2.5M Into New VR Crypto 5thScape
A new virtual reality project, 5thScape (5SCAPE), is generating massive buzz in the crypto world. Investors are excited about 5thScape (5SCAPE)’s potential to disrupt the crypto-gaming space – with the project’s presale having now raised over $2.5 million. 5thScape Creates New Future for VR Gaming on the Blockchain The hype around 5thScape is becoming palpable as details about its vision for merging blockchain with AAA virtual reality gaming come to the surface. Simply put, 5thScape aims to build an entire…
1 year ago
Chainlink (LINK) Soars 9%: Crypto Analyst Predicts Next Big Target
Chainlink (LINK) has performed strongly over the past week, with the token’s price increasing 21.3% in the last seven days. Some analysts have shared their predictions and thoughts on LINK, suggesting keeping an eye on the token and its long-term performance. What Is LINK’s Next Steppingstone? Recently, Chainlink announced its partnership with blockchain platform Avalanche and the Australia and New Zealand Banking Group to connect the Avalanche and Ethereum blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). As reported by NewsBTC,…
1 year ago
Crypto Analyst Predicts XRP Price Will Rally 800% To $6, Here’s When
The XRP price continues to disappoint investors who expect that it would’ve crossed $1 by now since Ripple’s battle with the United States Securities and Exchange Commission (SEC) is nearing its end. However, this has not discouraged investors and traders who believe that there are big things in store for the altcoin. Crypto Analyst Predicts XRP Will Reach $6 Pseudonymous crypto analyst Mikybull has been bullish on the XRP price for a long time, taking to X (formerly Twitter) to,…
1 year ago
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CryptoBest Crypto to Buy Now: Cryptos Worth Every Penny
The Bitcoin halving event has sparked conversations about a potential major surge in cryptocurrency value, with some experts eyeing a target as high as $200,000. Amidst such predictions, identifying the best crypto investments becomes crucial. Cryptos worth every penny are gaining attention, showcasing promising opportunities for those looking to navigate the post-halving landscape. BlastUP Presale: A Beacon of Predictability in the Volatile Crypto Space Buying presale tokens may be a good idea, as they are immune to market’s wild swings…
1 year ago
Crypto Outflows Reach New Record High, Will The Bitcoin Decline Continue?
Crypto investment products have finally registered a week of outflows after seven weeks of consecutive strong inflows and two weeks of breaking records after records. In fact, data has shown that these investment products have now set a new record for the most outflows in a week, extending the run of record creation. According to data from CoinShares, investors pulled out $942 million from crypto investment products last week to wipe $10 billion off total assets under management (AuM). Interestingly,…
1 year ago
Gold Miner Dives into Bitcoin: $1.7 Billion Purchase Signals Crypto Adoption
Nilam Resources, a South American gold miner, announces a major shift to digital assets with a $1.7 billion Bitcoin purchase. The move signifies Bitcoin’s growing acceptance in mainstream finance, likening it to the “gold standard” of digital transactions. In light of recent developments by CNF in Bitcoin’s mining economics, a major player in the South American gold mining industry has announced an extraordinary foray into cryptocurrency. This company plans to acquire a staggering 24,800 Bitcoins, valued at over $1.7 billion.…
1 year ago
Peter Schiff Critiques Bitcoin ETFs, Crypto Enthusiasts Rally Around Competing Celestia Project
In the buzzing hive of the crypto world, where opinions clash like titans under the digital sky, Peter Schiff’s latest critique of Bitcoin ETFs has sparked a wildfire of discourse. Known for his gold bug persona and skepticism towards cryptocurrencies, Schiff’s recent take on Bitcoin ETFs has ignited a conversation that’s drawing attention from every corner of the crypto universe. Meanwhile, a beacon of innovation shines through the debate: Borroe Finance ($ROE), a project built on the Polygon blockchain, is…
1 year ago
Ripple News: SEC Hits XRP Issuer with $2B Fine, Crypto Giant Prepares to Fight Back
The SEC has proposed a significant $2 billion fine against Ripple Labs Inc., intensifying the legal standoff. Ripple’s top executives criticize the SEC for overstepping its regulatory bounds, signaling a robust legal counter. Ripple Labs Inc. is currently embroiled in a major legal dispute with the U.S. Securities and Exchange Commission (SEC), as explained in a CNF YouTube video below. This blockchain company faces a daunting $2 billion fine, as initially reported on Trading View, marking a significant escalation in…
1 year ago
20X Potential Gains on Kelexo (KLXO) Captivate Uniswap (UNI) and Aave (AAVE) Crypto Investors
The post 20X Potential Gains on Kelexo (KLXO) Captivate Uniswap (UNI) and Aave (AAVE) Crypto Investors appeared first on Coinpedia Fintech News Opportunities abound in the cryptocurrency market but only a few of them have huge potential. Projects which do things differently in the market have a higher chance of success. In this article, we explore Kelexo (KLXO), a new entrant into the market doing things differently in the credit industry. We investigate the reasons behind the 20x returns projected…
1 year ago