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Altcoins News
Bitcoinist
6d
321
Image Credit: Bitcoinist
The Ultimate Layer 2: Solaxy Combines Ethereum’s Strength with Solana’s Speed for DeFi Domination
- Solaxy, a Layer 2 protocol built on Solana, has raised $2.85M in just five days since its presale launch.
- Solaxy aims to combine Ethereum's DeFi strength with Solana's transaction speed.
- The project aims to bridge the gap between Ethereum and Solana, leveraging the liquidity and security of Ethereum's DeFi ecosystem.
- Investors are excited about Solaxy's potential in the DeFi arena, as it offers high staking rewards and aims for DeFi domination.
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Bitcoinist
6d
308
Image Credit: Bitcoinist
Here’s Why The Dogecoin And Shiba Inu Prices Crashed Violently
- The prices of Dogecoin and Shiba Inu have crashed over 5% in the last 24 hours due to Jerome Powell's bearish remarks on crypto assets.
- Powell's speech suggested a hawkish stance by the Federal Reserve, causing investors to be skeptical about investing in these risk assets.
- Technical indicators for Dogecoin are bearish, and Powell's comments on the Strategic Bitcoin Reserve further contributed to the price declines.
- While short-term downside is expected for Dogecoin, analysts believe that the dip will be bought and the coins will regain bullish momentum.
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TronWeekly
6d
391
Image Credit: TronWeekly
Shiba Inu (SHIB) Burns Massive 410.74 Trillion Tokens, Driving Scarcity
- Shibarium has burned over 410.74 trillion Shiba Inu tokens, aligning with deflationary goals and reducing circulating supply.
- Shibarium processes 4.72 million daily transactions, supports 2.01 million wallets, and has 8.47 million total blocks with a five-second average block time.
- Shibarium enhances SHIB’s usability through low-cost transactions, staking, and decentralized governance, elevating its market position and ecosystem growth.
- Shibarium has reshaped the Shiba Inu ecosystem, driving utility, accessibility, and deflationary progress for SHIB.
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Coinpedia
6d
370
Image Credit: Coinpedia
XRP News: Gensler’s Last-Minute Promotions Raise Questions About Ripple Case Outcome
- SEC Chair Gary Gensler has promoted five senior officers in the SEC Enforcement Division, raising questions about their timing and purpose.
- These promotions were made discreetly, leading to speculation about Gensler's motives before the new chair takes over.
- Four of the promoted officers have been instrumental in the SEC's crypto enforcement efforts, which may create conflicts with the incoming SEC leadership.
- The timing of these promotions and their potential impact on the Ripple case remain uncertain as Gensler's term comes to an end.
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TheNewsCrypto
6d
370
Image Credit: TheNewsCrypto
Can BabyDoge Regain Its Bullish Trend with Puppy.fun Launchpad?
- BabyDoge has launched its own meme token launchpad, Puppy.fun, allowing the community to create and distribute new tokens.
- When a token reaches 22 BNB liquidity, it moves to BabyDogeSwap DEX for decentralized trading.
- Puppy.fun joins the growing list of meme token launchpads, offering an easy and transparent process for creating and distributing new tokens.
- BabyDoge's price has experienced fluctuations, with a 5% drop in the last 24 hours, but has risen 60% in the past month and 170% since the start of the year.
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TheNewsCrypto
6d
177
Image Credit: TheNewsCrypto
Is Bitget Token (BGB) Set for a $5 Rally After Reaching a New ATH?
- Bitget Token (BGB) reached a new all-time high at $4.88, marking a gain of over 7%.
- Over the past thirty days, BGB has increased by 254%.
- The asset is currently trading at $4.67, with a daily trading volume of $512 million.
- BGB is in a highly bullish trading zone and could potentially rally above $5.
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10 Likes
Bitcoinist
6d
28
Image Credit: Bitcoinist
How Crypto Losses Can be Used to Offset Your 2024 Tax Bill
- Cryptocurrency investors can use crypto losses to offset profits in their portfolio for tax purposes.
- The IRS considers crypto gains taxable when selling or trading cryptocurrencies, spending crypto on goods/services, earning through staking/mining/rewards, or receiving airdrops/hard forks.
- Tax loss harvesting involves selling underperforming assets at a loss to offset tax bills, including future years.
- Solaxy ($SOL) is performing well, providing potential gains for investors in the Solana Layer 2 protocol.
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1 Like
TheNewsCrypto
6d
222
Image Credit: TheNewsCrypto
Whale Continues to Buy AAVE Despite the 8% Price Dip
- A whale purchased more than 9,000 AAVE tokens as the price dips.
- The AAVE token recorded an 8% price dip, trading at $343.
- Despite the dip, a whale with a $15.3 million profit continues to buy AAVE tokens.
- The whale spent $3.18 million to purchase 9,702 AAVE tokens.
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13 Likes
Bitcoinsensus
6d
403
Image Credit: Bitcoinsensus
XRP Price Prediction: Key Zones and Market Liquidity
- XRP price movement is influenced by liquidity zones.
- Key supply and demand zones can indicate potential market reactions.
- Setting trades to break even once in profit is advised to manage risk.
- Market unpredictability makes it necessary to stay informed and cautious.
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24 Likes
99Bitcoins
6d
169
Solana DApps Generate $365M In Revenue In November, Pump.fun Leads With $100M Monthly Earnings
- Solana's decentralized applications (DApps) generated $365 million in revenue in November.
- Pump.fun emerged as the top contributor, earning $106 million despite facing community backlash.
- Other major revenue drivers for Solana's DApp ecosystem included Photon and Raydium.
- Memecoin DApps dominated revenue generation on Solana, contributing a total of $509 million year-to-date.
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10 Likes
Coinpedia
6d
127
Image Credit: Coinpedia
World Liberty Finance’s $10M Bitcoin Swap: Strategic or Politically Motivated?
- World Liberty Financial (WLFI) has swapped $10.4 million worth of cbBTC for WBTC.
- This move raises questions about WLFI’s strategic direction and whether it is politically motivated.
- Justin Sun, founder of TRON DAO and major WLFI investor, played a key role in the transition.
- WLFI’s decision to prefer WBTC over cbBTC aligns it with trusted infrastructure and distances from cbBTC’s controversies.
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7 Likes
Bitcoinist
6d
210
Image Credit: Bitcoinist
DOGE Price Prediction: Can DOGE Surpass $1 in Q1 of 2025? Investment Analysts Place Their Bets on This $0.12 ICO
- Dogecoin (DOGE) is garnering attention as a potential asset to surpass $1 in Q1 of 2025, with growing mainstream adoption and a loyal investor base.
- In the meantime, analysts are placing their bets on the DTX Exchange, a new ICO valued at $0.12, which aims to redefine the online trading experience by combining the strengths of centralized and decentralized platforms.
- DTX Exchange features a comprehensive trading platform with access to various financial instruments, powered by the innovative blockchain VulcanX, ensuring exceptional performance and fast execution trade time.
- With over $10 million raised in its presale and the potential to list on top-tier exchanges, DTX Exchange is gaining momentum as an all-in-one solution for traders worldwide.
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12 Likes
TronWeekly
6d
313
Image Credit: TronWeekly
Chainlink (LINK) Eyes $60 in 2025: A Bullish Surge Amid Crypto Rally
- Chainlink (LINK) has surged 14% in the ongoing bull market, aiming to surpass $60 by 2025.
- Analysts predict a 208% rise by May 2025, reaching $84.
- Market conditions and DeFi adoption contribute to Chainlink's bullish momentum.
- Chainlink's impressive growth highlights its potential for sustained success in the future.
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18 Likes
TronWeekly
6d
86
Image Credit: TronWeekly
Shiba Inu Whale Unloads $6M in Profit-Taking Spree
- A Shiba Inu whale sold 250 billion SHIB tokens, making a profit of over $6 million.
- Despite the recent sell-off, technical analysis suggests a bullish outlook for SHIB in 2025 with a potential peak near $0.0000998.
- The whale's strategic investment and profit-taking highlight the confidence of deep-pocketed investors in the long-term potential of cryptocurrencies like SHIB.
- Despite market volatility, SHIB is expected to experience potential growth in 2025, with a projected price range of $0.0000234 to $0.0000998.
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5 Likes
Coinpedia
6d
202
Image Credit: Coinpedia
Why XRP Price Could Reach ATH in 2025? Key Events Explained
- XRP has experienced significant growth in the last 30 days, outperforming other top cryptocurrencies.
- Key events such as the launch of Ripple's RLUSD stablecoin and potential pro-crypto policies under Trump's presidency could positively impact XRP's price.
- Changes in SEC leadership and a possible settlement of the Ripple-SEC legal case could benefit the entire crypto industry, including XRP.
- XRP is expected to see significant growth during an Altcoin season when Bitcoin dominance drops below 50%.
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