Investors

Institutional investors are doubling their bets on Bitcoin, with investment funds related to the flagship crypto recording massive inflows last week. This development signals a bullish sentiment among these investors which could trigger a Bitcoin rally to $80,000.  Bitcoin Investment Funds Record $942 Million In Inflows According to CoinShares’ latest weekly report, Bitcoin investment products recorded a net inflow of $942 million. These inflows are said to have been “an immediate response to the lower-than-expected CPI report on Wednesday,” with…

Cardano (ADA) is seeing significant interest from large-scale investors, or “whales,” suggesting a potential strong comeback. Data from IntoTheBlock indicates that Cardano whales have increased their holdings by 11% in the past month, now controlling nearly 7% of ADA’s total supply. Bitcoin and the broader altcoin market have recorded a strong resurgence amid the news of the spot Ether ETF approval. However, one altcoin that’s particularly showing strength is Cardano’s native cryptocurrency, ADA. As of press time, the Cardano (ADA)…

In a fascinating twist for the Shiba Inu (SHIB) community, the rate at which SHIB tokens are being burned has increased significantly, even as the price of the meme coin shows modest gains. Recent data from the Shibburn explorer indicates a 62.58% increase in the SHIB burn rate over the past 24 hours, with approximately 6.9 million SHIB tokens removed from circulation through 10 separate transactions. Recent SHIB Burn Events And Market Response: A Detailed Analysis Details of the 10…

While the cryptocurrency market remains in a heightened state of frenzy, top traders and crypto enthusiasts are frantically searching for the next crypto coin with potential for explosive growth. With the emergence of Rollblock (RBLK), a new altcoin laden with impressive features, crypto whales are selling off their Shiba Inu (SHIB) and Bitcoin Cash (BCH) to accumulate this new altcoin. Shiba Inu Token Succumbs To Bear Market Despite 180% Yearly Surge Although starting as a dog-inspired meme, the Shiba Inu…

The Bitcoin price recovery above the $67,000 level has triggered a round of selling, but it is not from the usual camp of large investors selling. This time around, it is the small-time traders who are offloading their bags and putting selling pressure on the price. However, this is not an entirely bad thing given that, historically, such selling has been bullish for the Bitcoin price. Bitcoin Retail Are Dumping Their Bags In a report on X (formerly Twitter), the…

Within the ever-expanding crypto world, investors are increasingly looking beyond established projects, such as Ethereum ($ETH) and Solana ($SOL), to new investment opportunities.  Established crypto projects are exactly what they say they are—a less risky investment with some stability. However, with the burgeoning crypto market at its peak, it offers many attractive opportunities with great potential. Three projects in particular stand out amid the masses: PawFury ($PAW), Pepe ($PEPE), and Shiba Inu ($SHIB).  Shifting Investment Strategies The crypto market is growing…

In the last decade, cryptocurrency has evolved to be the fastest-growing industry in the world. It has caught the attention of the authorities, and as a result, SEC crypto crackdowns on big crypto firms have been on the increase. The latest victim is Uniswap (UNI), and Cardano (ADA), being a smart contract platform, is not exempt from its legal glare.  As a result, there’s been some inconsistency with both UNI and ADA prices, paving the way for a hot new…

Polkadot, Litecoin, and TRON are all top contenders in the crypto space. However, having faced steep price declines over the last month, Rollblock has become a more appealing alternative. Rollblock recently experienced a 20% price increase after stage one of its presale sold out. Experts predict that its utility token could see returns of 100x in 2024, and as a result it will likely outperform Polkadot, Litecoin, and TRON.  Polkadot Developer Activity Soars In May Over the last month, Polkadot…

The post Cardano’s Rally Restores $2.71 Billion in Value for Investors appeared first on Coinpedia Fintech News Cardano recently reached the $0.48 mark again amidst a recent rally, making addresses holding $2.71 billion worth of tokens profitable after suffering losses from previous declines. Now that the Cardano addresses purchased at an average price of $0.48 have finally broken even, a further rally will make these investments profitable. Analysts also suggest that Cardano is bracing for a rally due to ADA/BTC…