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Altcoins News
Bitcoinist
4w
261
Image Credit: Bitcoinist
Crypto Tax Hike? Italy Mulls Raising Capital Gains Tax On Bitcoin To 42%
- Italy is considering raising the capital gains tax on Bitcoin and other crypto assets from 26% to 42%.
- The proposed tax hike is part of Italy's new budget bill aiming to generate resources for youth, businesses, and families.
- Italy plans to curtail cash usage to tackle money-laundering and tax evasion.
- Several European countries have introduced strict cryptocurrency regulations to combat the misuse of digital assets for illegal activities.
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Coinpedia
4w
257
Image Credit: Coinpedia
Tron (TRX) Price To Retest $0.15 Before Recording A New High?
- The Tron (TRX) price has regained momentum after a pullback and is trading at a 5% discount.
- The altcoin may retest its resistance levels of $0.1635 and $0.1760 if the bulls dominate.
- On the other hand, if the bears gain dominance, TRX could drop towards its support levels of $0.15 and $0.1450.
- Overall, the Tron price is facing a make or break situation, with the possibility of retesting $0.15 before recording a new high.
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Coinpedia
4w
332
Image Credit: Coinpedia
HMSTR Token Crashes 70% – Can Hamster Kombat Season 2 Save It?
- The HMSTR token of the Telegram-based game, Hamster Kombat, has experienced a significant decline in value despite a massive airdrop and optimistic outlook.
- The team is preparing for Season 2 and aims to expand the game's reach beyond Telegram with new features.
- Instead of seeking outside investors, the team relies on revenue from advertising and other sources.
- The HMSTR token's market cap has plunged 70%, and experts predict further decline.
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TronWeekly
4w
314
Image Credit: TronWeekly
XRP Nears Key Resistance Levels With Potential For Major Price Breakout
- XRP approaches key resistance at $0.85 and $1.10, and a breakout past these levels could signal a major upward trend.
- Critical support for XRP lies at $0.48, $0.38, and $0.28, with a drop below these points likely leading to further declines.
- Long-term targets of $7.5, $13, and $27 are possible for the token if it breaks out of its current consolidation, based on Fibonacci levels.
- Investors are closely watching XRP as it approaches crucial resistance levels, with the next few weeks expected to be crucial for its further development.
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Coinpedia
4w
181
Image Credit: Coinpedia
Shiba Inu (SHIB) Price Eyes To Hit $0.000030, But There’s A Catch!
- The Shiba Inu price has repeatedly faced rejection at its resistance level of the trend pattern.
- It has formed a symmetric triangle pattern and is hovering close to its resistance trendline, suggesting a possibility of a breakout.
- The EMA 50/200-day indicates a bullish sentiment, while the MACD indicator shows a mixed-price sentiment for the SHIB meme coin.
- A bullish breakout could lead to retesting of the resistance levels, while bears could push the price towards support levels.
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Bitcoinist
4w
4
Image Credit: Bitcoinist
5 Years In Prison? US Prosecutors Crack Down On Bitfinex Hack Mastermind
- The man behind the Bitfinex hack could face five years in prison.
- Around $8 billion worth of Bitcoin was stolen from the exchange.
- The case could have implications for cybersecurity and accountability in the cryptocurrency industry.
- The hack prompted regulatory scrutiny and calls for improved security measures.
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TheNewsCrypto
4w
314
Image Credit: TheNewsCrypto
Can Injective (INJ) Continue Its Rally Following the Upbit Listing?
- Injective (INJ) experienced a spike of over 10% following the Upbit listing.
- South Korean exchange Upbit has listed INJ for trading in KRW and USDT markets.
- Analysts anticipate the listing to boost INJ's liquidity and potentially reach $24.
- The INJ price currently stands at $21.37 with a daily trading volume surge of over 107%.
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Coinpedia
4w
44
Image Credit: Coinpedia
Helium (HNT) Price Technicals Indicate A Bullish Reversal To $8?
- The Helium price has experienced a bullish recovery over the past 2 days with the assistance of its 200-day EMA.
- The altcoin hints at a high possibility of a breakout rally, but a potential bull trap might occur around the $8 mark.
- The Helium price has seen increased volatility, with a correction of 10.39% over the past week and 14.47% in the past 30 days.
- The HNT coin's price could retest its resistance level of $6.525 this week if bullish momentum resurfaces.
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TronWeekly
4w
137
Image Credit: TronWeekly
Solana Price Prediction: What Analysts Are Saying for 2025
- Solana (SOL) has shown remarkable growth since its launch, with its price rising significantly from under $1 in 2020 to over $200 during the 2021 bull run.
- Analysts forecast that SOL could reach new highs by 2025 if market conditions align with increased institutional adoption and further technological developments in the blockchain sector.
- Factors driving Solana's growth include technological advancements, institutional interest, and regulatory clarity.
- Price predictions for 2025 range from $40 to $297, with general consensus on substantial growth driven by innovation and positive market sentiment.
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TheNewsCrypto
4w
337
Image Credit: TheNewsCrypto
Cardano (ADA) Eyes Breakout Amid Mixed Market Sentiment
- Cardano (ADA) approaches key breakout point amid symmetrical triangle pattern formation.
- Market indecision reflected by technical indicators and mixed on-chain data.
- ADA faces selling pressure, dropping 4.24% in the past 24 hours.
- ADA's symmetrical triangle pattern indicates a major price movement is imminent.
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Newsbtc
4w
110
Image Credit: Newsbtc
Why This Crypto Asset Is Bitwise CIO’s Best Contrarian Bet Right Now
- Bitwise CIO, Matt Hougan, sees Ethereum as a contrarian bet with potential for significant returns.
- Hougan highlights Ethereum's foundational role in key sectors like stablecoins and DeFi.
- He attributes Ethereum's underperformance to its ongoing architectural upgrades.
- Hougan advises investors to focus on the overall growth and development of the Ethereum ecosystem.
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TronWeekly
4w
172
Image Credit: TronWeekly
Dogecoin & Bonk Price Explosion: Avoiding FOMO is Key
- Meme coins like Dogecoin and Bonk are experiencing significant price increases.
- Bitcoin’s recent gains are driving the meme coin surge.
- Continued growth of meme coins depends on avoiding excessive FOMO.
- Dogecoin's price is influenced by Bitcoin's success and could potentially reach $4 in the near future.
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NullTX
4w
354
Image Credit: NullTX
Storj Team Resumes Token Deposits To Binance As STORJ Price Surges Over 25%
- Storj team has resumed depositing tokens into Binance after a seven-month hiatus.
- The team transferred 5 million STORJ tokens worth approximately $2.99 million via GSR Markets.
- This move follows previous patterns of token deposits observed in late 2023 and early 2024.
- Traders are cautious as the price of STORJ often experiences downward pressure after large deposits.
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NullTX
4w
75
Image Credit: NullTX
Ripple Partners Announce Support For RLUSD Stablecoin, While XRP Smashes Transaction Records
- Ripple has announced its first exchange and platform partners for the upcoming RLUSD stablecoin.
- Grayscale has filed to convert its Digital Large Cap Fund into an ETF, potentially allowing easier access to cryptocurrencies for traditional investors.
- XRP recently set a new record by processing 6.3 million transactions in one minute, showcasing its potential for revolutionizing cross-border payments.
- With regulatory clarity on the horizon and expanding partnerships, Ripple and XRP are poised for further growth and adoption.
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NullTX
4w
88
Image Credit: NullTX
Bitcoin Sees Surge In Active Addresses And Institutional Interest
- Bitcoin has witnessed a surge in active addresses since September, indicating increased user engagement and potential demand.
- New whale wallets hold a substantial amount of Bitcoin, totaling 1.97 million BTC, accounting for 9.3% of the total supply.
- Institutional interest in Bitcoin is growing, with Spot Bitcoin ETFs adding over $600 million worth of Bitcoin to their holdings.
- Tesla transferred its entire Bitcoin holdings, valued at $773 million, to new wallets after two years of dormancy.
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