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…
Investment
Market Optimism Wavers on Ethereum and XRP; Can Investors Make Better Investment Returns on $RBLZ?
The post Market Optimism Wavers on Ethereum and XRP; Can Investors Make Better Investment Returns on $RBLZ? appeared first on Coinpedia Fintech News TLDR ETH could decrease to under $2,500. XRP bears expect continued price drops. $RBLZ is set to resume its positive trend. Experts evaluate Ethereum (ETH) and XRP (XRP) as particularly risky investments for the forthcoming term. On the other hand, many experienced investors have started to take note of Rebel Satoshi’s ($RBLZ) fantastic growth potential. Let’s explore…
1 year ago
Binance Labs Boosts Bitcoin Utility with BounceBit Investment
The post Binance Labs Boosts Bitcoin Utility with BounceBit Investment appeared first on Coinpedia Fintech News In a strategic move to boost the usefulness of Bitcoin, Binance Labs, the investment branch of Binance, has invested in BounceBit. This innovative platform focuses on Bitcoin staking and CeDeFi (Centralized Decentralized Finance) advancements, aiming to push the capabilities of the world’s top cryptocurrency beyond its traditional role as a store of value. Unlocking Bitcoin’s Potential BounceBit stands out with its fresh approach, striving…
1 year ago
Is ChainLink a Good Long-Term Investment? Analysis Reveals Insights
Chainlink is reported to have a bearish outlook with a significant decline in whale transactions and 24-hour active addresses. However, there are a few positive developments around the network such as the rise of token holders from 80,000 to 85,800. Chainlink (LINK), a decentralised oracle network created in 2017 to bridge blockchains and external systems has become one of the fastest-growing and efficient technologies in the ecosystem. Having sealed several strategic partnerships and introduced real-world solutions, its native asset has…
1 year ago
Metaplanet Emerges as Asia’s Answer to MicroStrategy with $6.5M BTC Investment
Metaplanet has partnered with Sora Ventures to invest $6.5 million in Bitcoin in a bid to build “Asia’s First MicroStrategy.” Metaplanet’s Strategic Shift Metaplanet Inc., a Tokyo Stock Exchange-listed company, has signaled a significant shift in its financial strategy by embracing Bitcoin as a core component of its treasury assets. The company has committed an initial investment of JPY 1 billion (approximately $6.56 million) to Bitcoin, echoing the pioneering move made by MicroStrategy in the United States. Simon Gerovich, CEO…
1 year ago
Digital Asset Investment Products’ YTD Inflows Skyrocket Above $13B: CoinShares
With the broader market resurgence, digital assets investment products also maintained their upward trend. According to CoinShares’ latest data, inflows reached $646 million last week. As a result, year-to-date inflows have reached an all-time high of $13.8 billion, significantly surpassing the $10.6 billion recorded in 2021. ETF Hype Slows Down The new feat comes after digital asset investments rebounded strongly at the end of March. With the market gearing up for the much-anticipated BTC halving this month, investor sentiment has…
1 year ago
Maximizing Profits In 2024: The Bitcoin Halving Investment Guide
With the 2024 Bitcoin halving on the horizon, investors are eyeing potential gains. This event, known for historically boosting Bitcoin's value, presents a unique opportunity. Explore how this could shape investment strategies and what it might mean for those looking to capitalize on the trend. This guide unpacks the phenomenon and offers insights into navigating the current wave of growth. BlastUP Goes Viral, Raising $4 Million in a Few Weeks BlastUP, the premier launchpad on Blast, has recently made waves…
1 year ago
DigiFT Launches US Dollar Money Market Fund Token To Offer Stablecoin Holders An Actively Managed Investment Solution On-chain
Singapore, Singapore, April 8th, 2024, Chainwire DigiFT, the first on-chain Real World Asset (RWA) exchange regulated by the Monetary Authority of Singapore (MAS), is proud to announce the launch of its second-series RWA depository receipt (DR) token. The DigiFT USD Money Market Fund Token (DMMF), aims to offer a new cash management option for investors interested in exploring alternatives within the crypto space. According to the company, the launch of DMMF token comes at a time when the demand for…
1 year ago
Google Sues 2 Individuals for Alleged Crypto Investment Fraud Using its Play Store
American tech giant Google recently filed a lawsuit against two developers for uploading almost 90 fraudulent crypto investment applications on its online store, Google Play, which they used to defraud unsuspecting victims. Despite the company’s previous attempts to take down fraudulent apps from its Play Store, the alleged scammers found a way to upload more of such bogus apps, with Google stating that their fraud scheme affected around 100,000 users. Victims Promised ‘Illusory’ Gains From Crypto Investment Google, in its…
1 year ago
How to 10X Your Investment with Exclusive Q2 2024 Crypto Opportunities!
The crypto market is booming, and opportunities to multiply investments are emerging. This article offers a guide to the most promising crypto ventures as the bull run blossoms in the second quarter of 2024. Discover strategies to identify high-growth potential and make informed decisions that could amplify returns. With a keen focus on current trends and market dynamics, this article reveals how savvy investors might achieve significant growth in their portfolio. BlastUP Goes Viral, Raising $4 Million in a Few…
1 year ago