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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Meme Coin Vs Meme With Utitilty A Deep Dive Into Pepecoin and Mpeppe (MPEPE)
The post Meme Coin Vs Meme With Utitilty A Deep Dive Into Pepecoin and Mpeppe (MPEPE) appeared first on Coinpedia Fintech News The rivalry between Pepecoin (PEPE) and Mpeppe (MPEPE) has captured the attention of the crypto community. With analysts predicting that Mpeppe (MPEPE) could potentially increase 1000 times, this comparison delves into the strengths and unique aspects of each token. This article will explore why these meme coins are gaining traction and what sets them apart. Pepecoin (PEPE): The…
11 months ago
Bitcoin Price Faces Potential Dive: Key Support Levels to Monitor
Bitcoin price failed to recover above the $62,500 resistance zone. BTC is showing bearish signs and might decline again below the $60,000 support. Bitcoin struggled to recover above the $62,200 and $62,500 levels. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline unless there is a…
12 months ago
Polygon and Fox Corporation Team Up for Verify: A Deep Dive into Their zk-powered L2 Chain
Polygon and Fox Corporation have inked a partnership to drive information validation. The partnership led to the launch of Verify, which is powered by Polygon CDK and Gelato RaaS. Fox Corporation, a top media firm in the US, recently launched its first enterprise Layer-2 solution, Verify, in partnership with the Polygon blockchain. Launched on the Gelato network, Verify is powered by Polygon’s Chain Development Kit (CDK), a framework for building zero-knowledge proofs-based blockchains. How “Verify” on Polygon Works Verify aims…
12 months ago
BaseAlpha Launches on ProBit Global – Dive into the Future of Investing
Vilnius, Lithuania, May 22nd, 2024, Chainwire BaseAlpha, the newly launched IEO token on ProBit Global is set to redefine decentralized investing. With its innovative approach to the automated launchpad, BaseAlpha brings accessibility for users to access early crypto releases on a Base chain. BaseAlpha’s (BAA) core value is bringing accessibility and inclusivity for all investors, eliminating any advantages like venture capital and secret token discounts. Moreover, BaseAlpha introduces Liquidity Bootstrapping Pool, a dynamic contract designed to optimize investment opportunities by…
1 year ago
Red Alert For Bitcoin: Network Hashrate Takes A 20% Dive
The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% in recent weeks. This unexpected decline has ignited a debate among analysts, with some sniffing out a fire sale and others urging caution. Bitcoin: Hashrate Hiccup Or Miner Exodus? Hashrate, a measure of the combined processing power dedicated to securing the Bitcoin network, typically climbs after a halving event as…
1 year ago
Bitcoin Dips But Wells Fargo Bets Big: A Dive into Their ETF Strategy
Wells Fargo’s disclosure of a sizable investment in Bitcoin ETFs suggests that institutional interest in cryptocurrencies is strong. The price of Bitcoin has recently dropped, according to data, even as institutional investments in the space increase. The third-biggest bank in the US, Wells Fargo, has just revealed how heavily it is involved in the cryptocurrency market, namely through Bitcoin Exchange-Traded Funds (ETFs), which was echoed by popular crypto trader Ash Crypto. A current filing with the U.S. Securities and Exchange…
1 year ago
Is Memeseason on the Rocks Amid Market Dips? Dive into the Top 5 Meme Coins Defying the Market
The post Is Memeseason on the Rocks Amid Market Dips? Dive into the Top 5 Meme Coins Defying the Market appeared first on Coinpedia Fintech News With the cryptocurrency market going up and down, many traders are asking if the meme season is losing steam. Then again, among the uncertainty, several meme coins have bucked all trends. Today, we will cover the 5 top meme coins, KangaMoon (KANG), Pepe (PEPE), Dogecoin (DOGE), Shiba Inu (SHIB) and Bonk (BONK), which are…
1 year ago
Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On?
Dogecoin (DOGE), the Shiba Inu-faced darling of the 2021 memecoin frenzy, has found itself shivering in the current crypto winter. Once a symbol of retail investor exuberance, DOGE has plummeted over 70% from its sky-high peak, leaving its future shrouded in uncertainty. DOGE Feels The Crypto Frost While Bitcoin, the heavyweight champion of the crypto world, grabs headlines with its recent wobble, the impact on memecoins like DOGE has been brutal. Unlike Bitcoin’s divided analyst opinions, the sentiment surrounding DOGE…
1 year ago
Ethereum Fees Dive: Will This Spark A Surge In Network Activity?
Ethereum, the world’s second-largest cryptocurrency by market capitalization, has seen a dramatic drop in transaction fees, according to a recent analysis by Santiment, a prominent crypto analytics platform. The report indicates that the average Ethereum transaction fee has plunged to a mere $1.12, marking the lowest daily average cost since October 18th, 2023. Ethereum Transaction Fees: A Window Into Market Sentiment This significant decrease in transaction fees has sparked discussions among crypto enthusiasts and analysts alike. Santiment’s analysis suggests a…
1 year ago