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Showing posts from August, 2024

2 cryptocurrencies to reach a $5 billion market cap in September

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August was a challenging month for cryptocurrency investors who experienced portfolio losses in an unfavorable overall market performance. With September arriving, Finbold looked into solid cryptocurrencies that could bounce up and reach a $5 billion market cap. Market capitalization is a popular benchmark for accessing an asset’s nominal value, multiplying the price by its circulating supply. It is particularly important in the cryptocurrency landscape, considering each crypto can have an arbitrary supply and tokenomics. In this story, we have selected the two most likely projects to break the $5 billion capitalization threshold in September. However, there are no guarantees that it will happen, and each cryptocurrency’s performance will depend on multiple factors moving forward. Picks for you Ripple to unlock 1 billion XRP tomorrow (Sept

Bitcoin touches $58k again as analysts share bearish forecasts

Bitcoin fell to lows of $57,700 on Coinbase as prices dipped during the US trading session. Analysts predict further weakness is likely, and here’s what they are saying At the time of writing, Bitcoin (BTC) traded around $58,486 across major crypto exchanges. However, the digital asset’s price had touched lows of $57,700 on US-based crypto exchange Coinbase amid fresh selling pressure. Notably, before this latest dump, crypto analyst Miles Deutscher had shared an observation: the last few weeks have seen prices rise during Asian hours and dip during US trading hours.    “Asia bids, America dumps,” the analyst opined .  Like clockwork.. pic.twitter.com/w9LPTlj8VD — Miles Deutscher (@milesdeutscher) August 30, 2024 Potential downside to $56k? CryptoQuant head of research Julio Moreno suggests the $56k area remains key. If the price falls below this, the analyst sees a further weakness. According to Moreno, Bitcoin’s market cycle indicator has flashed be

Former FTX Exec Ryan Salame Withdraws Guilty Plea Petition As Longtime Partner Michelle Bond Faces Criminal Charges

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Former co-CEO of FTX Digital Markets Ryan Salame will no longer vacate his guilty plea for violating campaign financing and money-transmitting laws as his former longtime partner Michelle Bond faces criminal charges. Salame withdrew his petition against the guilty plea on Aug. 29, according to a filing with the United States District Court for the Southern District of New York. “To be clear, Mr. Salame stands by the facts set forth in the Petition and his accompanying declaration,” Salame’s legal team said in the filing.  Prosecutors Call Claims By Ryan Salame “Demonstrably False” On Aug. 29, prosecutors had unsealed an indictment against Bond that alleged she had violated campaign financing laws during her 2022 congressional campaign. Salame responded to the unsealed documents, claiming that the US Government would not pursue an investigation into Bond for her alleged violations as part of his guilty plea. Prosecutors called Salame’s claims “demonstrably false,” and opposed the

Donald Trump Promises Plan to Make US the World's 'Crypto Capital'

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Donald Trump has recently taken to X (formerly Twitter) to promise an incoming plan to make the US the “crypto capital of the planet.” Indeed, the 45th President of the United States shared a video saying that an impending announcement would be coming Thursday afternoon. Trump’s 2024 re-election bid has firmly embraced cryptocurrencies. His ongoing campaign has recently debuted his own crypto platform, now rebranded as World Liberty Financial. The project was initially teased by Trump’s two sons. Now, it is set to be a major part of his election policies. Source: Sky News Also Read: Trump’s DeFiant Ones Crypto Venture: Game-Changer or Risky Bet? Trump Set to Announce Crypto Plan to Ensure US Leads the Sector The cryptocurrency market has been a major aspect of Donald Trump’s election campaign. He has leaned into crypto voters unlike any past candidate has. Moreover, he has expressed a focus on the asset class and America’s position in its ongoing development. That is set to take a mass

DOGS Price Soars 21% After Telegram CEO Pavel Durov Is Charged And Released, But Investors Flock To This Base Meme Coin Before Its DEX Launch

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The DOGS Price surged 21% in the last 24 hours to trade at $0.001515 as of 3.30 a.m. EST on trading volume that skyrocketed 96% to $2.05 billion. DOGS is a vibrant, community-driven project built on the TON blockchain. It was designed to leverage Telegram’s massive user base and native meme culture, meaning that its ties to he platform are strong, and Telegram-related developments can often have a strong impact on this altcoin. It is worth noting that this is a newly listed crypto that has been around for under two full days. But its demand already brought it to the list of the largest meme coins by market cap. More importantly, the project had a strong reaction to recent reports involving the Telegram CEO, Pavel Durov, who was arrested in France on August 24. His arrest came due to his connection to the platform which is commonly used for illegal activities, according to the French authorities. Still, Durov was charged, placed under judicial supervision, and released from custody.

Next Cryptocurrency to Explode Wednesday, August 28 — Oasys, UMA, Idex, Popcat (SOL)

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  Cryptocurrency prices have fluctuated for a while, and the overall feeling in the market is bearish. Bitcoin (BTC) is struggling to stabilize at $60K and above, and Ethereum (ETH) is striving to stabilize at $2,600. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,000 in investments. The details of its presale and the performance of the top-performing cryptos today are

Cilinix Crypto Reviews Crypto All-Stars – The First Unified Staking Protocol for Meme Coins

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Cilinix Crypto reviewed the Crypto All-Stars presale with his 67,000 YouTube followers, predicting it could become a highly successful project. This project is set to transform the industry with its unique Features . Its standout feature is the unified staking system within the MemeVault ecosystem, which allows users to stake various popular meme coins and earn $STARS tokens as rewards—innovative elements that are entirely new to the industry. Get Ahead in the Meme Coin Market with Crypto All-Stars’ MemeVault and Staking Rewards Crypto All-Stars is a blockchain initiative featuring its native token, $STARS, and is set to transform the meme coin and staking sectors with its innovative ‘MemeVault’ protocol. The MemeVault serves as a staking system for various popular meme coins. Utilizing Ethereum’s ERC-1155 multi-token standard, MemeVault can accommodate any meme coin from any blockchain, including Dogecoin, Shiba Inu, Pepe, Floki Inu, Brett, Bonk, and Mog Coin, among others. This a

Ripple: How High Will XRP Go In September 2024?

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Ripple’s XRP token is being corrected after a rally last weekend. The asset is up 4.9% in the 14-day charts and 12.9% in the yearly charts but is down 0.5% in the daily charts, 2.8% in the weekly charts, and 1.6% over the previous month. Source: CoinGecko Also Read: Cardano: Is There Still Hope for ADA to Reach $1 in 2024? Why is The Crypto Market Dipping? The crypto market rallied over the weekend following Federal Reserve chair Jerome Powell’s announcement of interest rate cuts starting in September 2024. The rally, however, was shortlived, and Bitcoin has fallen to the $63,000 level after briefly surpassing $64,000. The dip could be due to investors not feeling confident about risky assets and a general bearishness in the market. Also Read: Ripple: AI Predicts XRP’s Price For September 1, 2024 How High Will XRP Go in September 2024? Source – FX Empire According to CoinCodex data, Ripple’s XRP token could surge to $0.79 on Aug. 31, 2024. The platform does not expect prices to hold an

Ripple: 15 Panelists Predict Bullish Peak Of XRP To $2: Here's When

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Ripple (XRP) is making some severe transformations in the cryptocurrency sector. The ambitious plans that Ripple has for XRP continue to make credible noise, which keeps fueling investors’ hope of witnessing the meteoric XRP hike. In this wake, 15 panellists have decided to share similar ground and have made bold predictions for XRP. Also Read: Toncoin Sept’ Analysis : Will Durov Drama Push TON Down To New Lows? Panellists Forecast $1 Threshold for XRP Fifteen panellists on Finders have forecasted an incredibly bullish price level for XRP. These panellists or notable experts have stated that XRP will hit $1.05 by 2025 and that the token has the potential to hit the $2.49 mark by 2030. Mitesh Shah, one of the analysts on Finders, shared how XRP is surrounded by positive legal sentiment, which may help the token gain new inflows and momentum. At the same time, Shubham Munde, lead at market research, shared another promising insight. Munde forecasted XRP to hit $6 by 2030, citing XRP’s co

Top Cryptocurrencies to Buy Now August 26 – MultiversX, Maker, Aptos

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Governments increasingly support blockchain and digital currencies, reflecting their growing significance. As digital assets gain rapid global acceptance, they attract more investors seeking to benefit from this expanding market. The cryptocurrency sector presents significant opportunities for high returns, especially with emerging and promising projects. This article highlights some top cryptocurrencies to buy now , aiming to leverage potential market rebounds. Top Cryptocurrencies to Buy Now MultiversX recently entered a partnership with XION to enhance developer tools for next-generation Layer 2 solutions. In a similar move, Aptos announced its collaboration with Myco, a Web3 streaming platform, which has generated significant interest. Meanwhile, Chainlink has also secured a strategic partnership with Soneium, a new Layer 2 blockchain. 1. MultiversX (EGLD) MultiversX is a blockchain protocol that offers horizontal scalability through comprehensive sharding techniques. Position