Interest

Dogecoin has recovered to $0. 12 recently, and thus, it anticipates bursting out of the division line created between its trading around $0. 16. The culmination of more buying than selling among investors is manifest in the swelling OI, a metric that permits foreseeing the markets and price trajectories. Dogecoin (DOGE), the well-known meme-based digital currency, has experienced intense price movement recently, part of the dust storm that has swept the cryptocurrency market. However, Dogecoin has recently recovered to $0.…

Crypto investment has the potential to make people millionaires and, in some cases, billionaires, but finding the right crypto to invest in is the biggest challenge, as there are already lots of options available. There are lots of cryptocurrencies on the market, but it takes hard work and deep analysis to predict whether a crypto is worth investing in. Lately, XRP and Ethereum investors are supporting a new crypto called Pushd, which they think has the potential to turn into…

Data shows the Bitcoin Open Interest as a percentage of its market cap has been at lows recently, a sign the derivatives side has been healthy. Bitcoin Open Interest Is Now Less Than 2% Of The Market Cap As explained by analyst James Van Straten in a new post on X, the derivatives side of the market has looked “extremely healthy” while BTC’s latest recovery has occurred. The metric of interest here is the “Open Interest,” which keeps track of…

As the crypto landscape heats up, the early bull market signals a potent mix of nostalgia and novelty. Seasoned traders and newbie investors alike are setting their sights on not just established players like Shiba Inu, but are also keen on emerging stars such as Raboo and Pepe. These meme coins are not just your average tokens and each could hold the key to massive returns in 2024 and beyond. Shiba Inu: The Veteran Player Shiba Inu remains a cornerstone…

Dormant tokens in the XRP Ledger have begun to stir, setting the stage for May’s market activity. New data suggest the blockchain is seeing another “huge blast” in dormant XRP movement, alongside increasing open interest (AI). Surge in Old XRP Coin Movement According to Santiment’s Token Age Consumed metric, there has been a significant surge in the movement of old XRP coins on the ledger, similar to the spike observed just before the market downturn on April 13th, during which…

In a significant development in the cryptocurrency market, $DEDE, the unique dino-meme coin, has officially launched on the Solana blockchain, promising a blend of prehistoric intrigue and modern blockchain technology. As a fresh face in the crowded meme coin space, $DEDE has distinguished itself with its creative dinosaur theme and robust technological foundation, garnering an impressive base of over 2,500 holders in its first week alone. Market Dynamics and Future Outlook: Despite a currently modest market capitalization of $1 million,…

Decentralized Finance market (DeFi) is recovering following last year’s crash. The total volume of investments in the DeFi protocols has grown from $26.5 billion in Q3 2023 to $59.7 in Q1 2024. What’s the reason behind that?   Choosing Less Risky Assets   According to statistics, investors prefer less risky crypto assets: over 90% of the money invested right now is stored in low risk assets. For example, per the PrismaStake staking platform, in their case the percentage exceeds 95%. …

Memecoin and Toncoin plummet, trading on the downside. Rebel Satoshi Arcade is a surprising winner, seeing rising investor interest in presale. By combining GameFi, memes, NFTs and merch, it stands out. The market has been trading sideways since Bitcoin (BTC) registered a new peak in March. With bearish pressure lingering, Toncoin (TON) and Memecoin (MEME) trade on the downside. However, a market bounce-back might be imminent, considering the completed fourth Bitcoin (BTC) halving. Nevertheless, we recommend smart investment and doing…

Institutional investors in Canada substantially increased their cryptocurrency exposure last year compared to the previous bull market cycle, according to a recent survey by accounting firm KPMG. The consulting group’s bi-annual survey, “Institutional Adoption of Cryptoassets,” received 65 responses, including 31 institutional investors managing over $500 million in assets and 34 financial services organizations. Institutional Interest in Crypto Assets Surged in 2023 In its report released on April 24, KPMG revealed that 39% of institutional investors reported having direct or…