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The post Beercoin Down by 80%: Party Seems To Be Ending for Solana-Based Meme Coin appeared first on Coinpedia Fintech News LookonChain’s analysis recently reported that another major wallet associated with the Beer Coin is on a selling spree, causing the price to plummet by over 80% in the last few days. Despite Beer Coin’s initial excitement and strong community, it now seems to be the end. Recently, the coin was listed on the Raydium decentralized exchange and other DEXes on…

Solana, one of the top altcoins, trailing Ethereum and the BNB Chain, has not been spared in the recent correction. After rallying to as high as $210 in Q1 2024, the coin is now sliding, facing strong headwinds, plunging, and following the performance posted by Bitcoin and Ethereum. Is This The Best Time To Buy Solana? Even amid this deep retracement, Raol Pal, a macro analyst, thinks this is the best time for investors and traders to consider Solana. In…

Many investors are surprised at Solana, which after undergoing major development on its Solana pay plugin, has plunged in value over the past days, sparking a bearish sentiment in the altcoin. Meanwhile, these investors, particularly the large holders of ETH, or  Ethereum whales, have noted an upcoming ERC20 coin called Raboo (RABT) and have been exceedingly impressed by its intriguing tokenomics and promising outlook, which boasts a potential 100-fold increase from its starting price. Can investors count on this presale…

The post Top 3 Reasons Why Bitcoin is Down Today appeared first on Coinpedia Fintech News It’s not been an easy couple of days for crypto bulls. Bitcoin has recently faced a significant decline, with its price currently at $65,113 and a 24-hour trading volume of $169.865 million. Let’s explore the key factors contributing to this downturn in the cryptocurrency market. Key Factors Contributing to The Downturn of Bitcoin  As per the opinion of an expert named IT tech published…

The post Solana Whales Down As Render Continues To Bleed! Is Raboo The Answer To Regain Their Profits? appeared first on Coinpedia Fintech News There is concern in the crypto market right now with many tokens, including big names, going through strong declines. Solana, ranked number 5 with a market cap of $68 billion has seen its value drop significantly and that has raised concerns for its investors. Render (RNDR) has also undergone similar troubles in decline, leading investors to…

The post Top Reasons Why the Crypto Market is Down Today: Good Time to Buy? appeared first on Coinpedia Fintech News This week, major cryptocurrencies have been on a rollercoaster ride as a wave of news sent shockwaves through the market. From the early week’s U.S. CPI and PPI data, negative inflow in spot ETFs, and Bitcoin miner capitulation, investors are scrambling to make sense of it all. One key question is on everyone’s mind: has Bitcoin begun a prolonged…

The post Polkadot And ICP Trending Down, As Holders Head To New 100x Altcoin To Recover Profits! appeared first on Coinpedia Fintech News Some of the top crypto coins are in sharp decline as the bears are in full control across the crypto market. It’s the bull run, but you can expect brief periods of bearish influence like this. Polkadot (DOT) and Internet Computer (ICP) are caught in the bearish web, and their investors are losing their patience with the…

The post MicroStrategy Doubles Down on Bitcoin with $700 Million Convertible Note Offering appeared first on Coinpedia Fintech News MicroStrategy has announced a major financial move: the pricing of its $700 million offering of 2.25% convertible senior notes due 2032. This strategy aims to strengthen the company’s finances and attract institutional investors. Read on to see how this offering will impact MicroStrategy’s future and its plans for the proceeds. Details of the Convertible Senior Notes  Originally planned at $500 million,…

With the Spot Ethereum ETFs due to begin trading at some point in the next two or three months, could the $ETH price begin to rise in anticipation of this event, or could we see a return to $3,000 first? Gary Gensler, chairman of the SEC, has said that the Spot Ethereum ETFs that his agency has approved, will be able to begin trading this Summer. We are already halfway through June, so this should be within the next couple…