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The post Trend Rider Expects Cardano to Bounce Back, SHIB Could Set New High, While KANG Nears Explosive $5m Milestone appeared first on Coinpedia Fintech News A lot of possibilities abound for top DeFi coins in the crypto market. In predicting the market trajectory of some crypto coins, Trend Rider is bullish that the downtrend of Cardano (ADA) will bounce back for the better. Meanwhile, another crypto analyst with a Twitter handle named Crypto Basic is expecting Shiba Inu (SHIB)…

Ethereum’s Q1 2024 shows a massive profit surge, hitting $365 million, with projected annual profits set to reach $1 billion. The DeFi sector boom and Ethereum’s robust network performance are driving the revenue spike. Ethereum, the second-largest cryptocurrency by market capitalization, has reported impressive financial performance for the first quarter of 2024, with its annual profit projected to reach $1 billion. The surge in revenue is attributed to the booming decentralized finance (DeFi) sector and Ethereum’s robust network performance. According…

In a recent interview on the future of Bitcoin, Anthony Scaramucci, the founder and managing partner of Skybridge Capital, has made a compelling prediction that the Bitcoin price could potentially reach $200,000 following its forthcoming halving event. This forecast comes at a time of considerable volatility within the crypto markets, exacerbated by recent geopolitical tensions and broader economic uncertainty. Bitcoin Poised To Hit $200,000 During the interview, Scaramucci provided insights into the forces he believes will drive Bitcoin’s price in…

There are approximately 21,800 Bitcoin options contracts due to expire on Friday, April 19. These derivatives have a notional value of around $1.33 billion, which is marginally lower than last week’s expiry event. Moreover, crypto markets have been tanking hard all week, with Bitcoin poised to lose its psychological price level of $60,000. Bitcoin Options Expiry Today’s expiring batch of BTC contracts has a put/call ratio of 0.63, which means there are almost twice as many call (long) contracts expiring…

Binance, once banned by the Indian government, is set to make a comeback after agreeing to pay a hefty penalty of approximately $2 million. According to a report by ET, the world’s largest cryptocurrency exchange is preparing to re-enter the Indian market under the finance ministry’s oversight of the Financial Intelligence Unit (FIU). Binance’s India Comeback The latest development means that Binance will now have to comply with the existing regulatory frameworks, including the Prevention of Money Laundering Act (PMLA)…

Worldcoin is launching World Chain as a Layer 2 solution on Ethereum to enhance transaction efficiency and cater to a growing user base. Incorporates Proof of Personhood for secure and private user verification, offering incentives like WLD tokens for verified identities. Worldcoin is poised to unveil its Ethereum-based Layer-2 solution, known as World Chain, this summer. Created by Tools for Humanity, this platform is designed to prioritize real human users over bots by offering them priority in block space allocation…

The post Expert’s Top Pick: This Crypto Project Set for a Monumental Rally in 2024 appeared first on Coinpedia Fintech News In the ever-shifting crypto verse, overnight crypto millionaires are minted when fearless investors catch the next comet before it achieves escape velocity. According to veteran analysts, one project ticking every box for a stratospheric 2024 rally is NFTFN – the righteous pioneer smashing down barriers to blue-chip NFTs and real-world asset investing. >> Be Among the FIRST! Get the…

In a major development, Binance has announced its return to India as an entity registered with the Financial Intelligence Unit of the Finance Ministry. The Indian government banned the world’s largest cryptocurrency exchange in January, but it has now committed to adhering to all relevant laws, including the PMLA and the VDA taxation framework.  Binance Makes India Return  According to the announcement, Binance will return to India as an entity registered with the Financial Intelligence Unit. India’s Financial Intelligence Unit…

The post MATIC Price Set To Surge Despite Bearish Netflow! Here’s What To Expect appeared first on Coinpedia Fintech News MATIC price is facing a lack of buying confidence as the pre-halving correction strengthens short positions. The current correction in the market has significantly impacted MATIC’s price, resulting in a new low for the year. Nonetheless, as large investors are now accumulating more tokens during this decline, analysts anticipate a surge in the short term. Nevertheless, a key on-chain indicator…