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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IOTA News Rumors: Major 9-Figure RWA Project Set to Launch on IOTA Next Month, Reveals Insider
Discussions with IOTA developers suggest that a significant company is preparing to launch a real-world asset (RWA) initiative valued at over USD 100 million. Jeff Riseden elaborated on the relationship between real-world asset (RWA) values and the purchase of IOTA tokens. In a recent update shared by Jeff Riseden, a prominent figure in the IOTA community, exciting news has surfaced regarding a potential groundbreaking project. According to Riseden, discussions with key developers indicate that a significant company is gearing up…
1 year ago
Injective (INJ) Price Set To Skyrocket 33% On Classic Bullish Signal: Crypto Analyst
In an analysis shared on X, renowned crypto analyst Josh Olszewicz (@CarpeNoctom) forecasts a significant 33% rise in the price of Injective (INJ) based on a classic bullish chart pattern known as the inverted head and shoulders (iH&S). The chart suggests a strong reversal possibility from recent bearish trends, potentially steering the cryptocurrency’s price to new local highs. Injective Price Prepares For Lift-Off The iH&S pattern, prominently featured in Olszewicz’s chart, is a revered formation among technical analysts for predicting…
1 year ago
Tether’s $18.75M Investment in XREX Group Set to Transform Cross-Border Payments
Tether invests $18.75 million in XREX Group to boost financial inclusion and facilitate USDT-based cross-border payments. Tether’s investment in XREX comes amidst an impressive growth and restructuring efforts. In a recent blog, Tether, a prominent figure in the digital asset industry, committed $18.75 million in a strategic investment in XREX Group. The alliance is poised to drive innovation, particularly in facilitating USDT-based cross-border payments within emerging markets and spearheading regulatory technology advancements. With Tether’s substantial investment, XREX Group is promising…
1 year ago
XRP Price Set For Colossal 63,000% Breakout As Ripple Secures Crucial Partnership In Europe
In a market witnessing a strong bullish momentum with several cryptos reaching new all-time highs and experiencing price recoveries, the XRP price has remained in a consolidation phase for the past two months after a brief surge in March that took it to its yearly high of $0.7430. However, recent positive developments and announcements surrounding Ripple, the blockchain payment company associated with XRP, coupled with an intriguing bullish pattern, have sparked speculation of a potential massive uptrend for the XRP…
1 year ago
Ethereum Spot ETFs Set to Attract $4 Billion Inflows, K33 Research Predicts in First Five Months Reaching 1.05% of ETH Supply
K33 Researchers are optimistic spot Ethereum ETFs will attract over $4 billion in assets in 5 months. This inflow is poised to stir a growth in the price of the cryptocurrency across the board. Crypto analytical firm K33 Research predicts spot Ethereum Exchange-Traded Funds (ETFs) will attract inflows of $4 billion within the first five months of trading. This translates to 800,000 to 1.26 million ETH or around 0.7% to 1.05% of the entire coin supply. Notably, this projection surpasses…
1 year ago
Shiba Inu to Set New SHIB Price ATH of $0.0001 This Month: Top Analyst
Popular crypto analyst SHIB Knight has said Shiba Inu could touch $0.0001 this June. Shiba Inu’s recent price action suggests a resilient market sentiment. Shiba Inu (SHIB) has shown signs of recovery after a brief dip, sparking optimism among analysts who foresee a significant price surge. The meme coin recently hit a daily high of $0.00002519, marking a 4.57% increase from its low of $0.00002409. This rebound has reignited speculation about SHIB’s potential to reach unprecedented heights. SHIB Knight’s Bold…
1 year ago
Ethereum (ETH) Set For ‘Glorious Year,’ Analyst Eyes $10,000 Target
Ethereum (ETH) saw a significant upswing at the end of May due to the rumors of a spot ETH ETF (Exchange-Traded Funds) approval in the US. This bullish momentum propelled the token’s price from the $3,000 price range to the $3,900 mark. After the approval, the second-largest cryptocurrency has shown a strong performance, consolidating between the $3,700 and $3,800 levels. Some crypto analysts believe ETH is preparing for a crucial test and eye bullish targets above the $10,000 price range…
1 year ago
Memecoin ‘DAMN’ All Set For Major Listing
The post Memecoin ‘DAMN’ All Set For Major Listing appeared first on Coinpedia Fintech News Shiba Inu’s ecosystem token, DAMN, also known as the SOL-killer, has gained substantial traction across the broader crypto market ever since its inception. The DAMN meme coin has promptly emerged as a hot trend across the Shiba Inu community, and DAMN is all set to be listed on the JuCoin crypto trading platform shortly. JuCoin plans to list the DAMN/USDT trading pair on June 8…
1 year ago
Bitcoin Has Solid On-Chain Cushion Below $68,900: Stage Set For Fresh Rally?
On-chain data shows Bitcoin could have significant support between $66,900 and $68,900, which may help provide solid ground for a fresh surge to higher levels. A Large Amount Of Investors Bought Their Bitcoin Between $66,900 & $68,900 According to data from the market intelligence platform IntoTheBlock, BTC is currently floating above a major demand zone. In on-chain analysis, the strength of any support or resistance level is based on how much “demand” was present at it. Below is a chart…
1 year ago