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Altcoins News
Coindoo
2w
381
Image Credit: Coindoo
U.S. Nears Approval of Groundbreaking Solana Staking ETF
- The U.S. is close to approving a groundbreaking Solana staking ETF, structured in a unique way to avoid standard regulatory filings.
- REX's approach bypasses the usual 19b-4 process and utilizes a distinctive c-corp model, which has now gained acceptance from the SEC.
- The ETF, set to be the first-ever staked crypto ETF, offers exposure to Solana and on-chain staking rewards, with an imminent launch expected.
- Demand is rising for yield-generating ETFs, and REX's upcoming fund could be the first to provide staking opportunities in the crypto ETF space.
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TronWeekly
2w
284
Image Credit: TronWeekly
XRP Poised for Explosive Surge Toward $2.65 Amid Bullish Signals
- XRP is experiencing strong support around $2.07–$2.10, crucial for preventing further decline.
- Breaking resistance at $2.19–$2.20 could trigger rallies towards targets of $2.25 and $2.65.
- A triangle pattern and a 5% rise in Ripple Futures Open Interest suggest a potential significant breakout.
- Analysts foresee XRP potentially rallying towards $2.25 and even $2.65 if it maintains key levels and volume builds up.
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Coindoo
2w
206
Image Credit: Coindoo
Are Altcoins Poised for a Rebound After Hitting Cycle Lows?
- Analyst Michael van de Poppe suggests that the altcoin market could be bottoming out, potentially paving the way for a broader recovery.
- Van de Poppe highlights weakening gold prices, possible future rate cuts, and a bullish divergence on the OTHERS/BTC chart as factors supporting an altcoin rally.
- Analyst Tony Severino mentions Bitcoin's dominance reaching 65.66% and altcoin season index at 22, indicating that altcoins have yet to regain momentum compared to Bitcoin.
- While altcoins may be approaching a turning point, Bitcoin's market dominance remains a challenge, with traders monitoring closely for any potential shift.
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Newsbtc
2w
154
Image Credit: Newsbtc
TD Sequential Flashes Buy: Dogecoin Ready For Rebound To $0.21
- Dogecoin is showing signs of stabilization after a recent correction, with bulls aiming to reclaim ground above $0.17.
- Technical analysis suggests that Dogecoin could see a potential rebound to $0.21, with a buy signal triggered by the TD Sequential indicator.
- Market participation and volume are crucial for Dogecoin to confirm a return to $0.21, as recent trading volumes have been notably low.
- Despite the bullish signals, Dogecoin's price movement to $0.21 may require stronger buyer interest and volume increase to avoid consolidation or rejection at $0.17.
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Bitcoinist
2w
146
Image Credit: Bitcoinist
XRP Analyst: No Need To Panic Despite Judge’s Rejection, Rally Still In Play As $2 Holds
- XRP faced price volatility after a judge's rejection, but a crypto analyst believes the bullish structure remains intact.
- The analyst maintains confidence in XRP's ability to hold the $2 level and continue its upward trajectory.
- XRP is currently in a corrective pattern, with key support at $2.07-$2.10 according to CasiTrades' analysis.
- If XRP can reclaim resistance levels, particularly $2.145, it may confirm the end of the correction phase and resume an upward trend towards new highs.
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99Bitcoins
2w
210
Africa Crypto News Week in Review: South Africa Crypto Payments Spike, Kenya Scraps Crypto Tax as Yellow Card Boosts Stablecoin Use
- South Africa's crypto payments reach 2 million Rand monthly, led by Luno Pay, showcasing growing adoption beyond speculation.
- Kenya eliminates its 3% crypto tax following lobbying efforts, showing progress in sensible regulations for digital assets.
- Yellow Card aims to expand stablecoin usage in Francophone Africa to address low adoption rates, backed by significant investment.
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Coindoo
2w
270
Image Credit: Coindoo
XRP Could Climb to $4 as Market Conditions Stabilize
- XRP analysts suggest an attractive entry point around $2 amid improving regulatory conditions.
- Regulatory milestones like the GENIUS Act and clear legislation on crypto boost confidence in XRP's future.
- Federal Housing Finance Agency allowing digital assets in mortgage evaluations is seen as a positive for institutional integration.
- Speculation ranges from modest gains to extreme scenarios, with XRP consolidating near $2 and potentially eyeing $4 with improving sentiment.
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Bitcoinsensus
2w
266
Image Credit: Bitcoinsensus
Why Did Terra LUNA Fail: Lessons From Terra Crash
- Terra LUNA's collapse revealed flaws in its algorithmic stablecoin architecture and vulnerability to shocks.
- The peg between UST and LUNA lacked reserves, leading to hyperinflation and a collapse.
- Lessons learned: sustainable stablecoins need reserves, adaptive mechanisms, and transparency in design.
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Coindoo
2w
316
Image Credit: Coindoo
Sei Network Activity Surges as Transaction Fees Jump Nearly 2,000%
- Sei network activity has seen a significant increase, with daily transactions tripling in the past quarter to reach 1.6 million on June 25.
- Projects like World of Dypians, Nika Labs, EUFT, ERC-4337, and Dragon Slither have contributed to this growth.
- Transaction fees on Sei v2 have surged by 1,840%, amounting to $19,060, making Sei the top network in terms of proportional growth.
- While Ethereum leads in fee revenue, other networks like Arbitrum, Aptos, and Unichain have also seen significant fee increases, while transaction volume fell on networks like BNB Chain and Base.
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18 Likes
TronWeekly
2w
309
Image Credit: TronWeekly
REX-Osprey Nears Launch of Solana and Ethereum Staking ETFs With SEC Approval
- REX-Osprey is set to launch the first U.S. staking ETFs for Solana and Ethereum assets, offering exposure to price fluctuations along with distributing staking rewards to investors.
- The SEC has cleared the way for the launch of these innovative investment products by raising no further objections, following a period of review and addressing initial concerns about their legal structure and compliance.
- The unique legal structure of the REX-Osprey ETFs, set up as C-corporations, allows for staking yields to be taxed within the fund before distribution, distinguishing them from traditional ETF structures and potentially facilitating institutional adoption.
- While the management fees for the funds are set at 0.75%, the actual costs to shareholders might be higher due to income tax accrual within the fund. The launch of these staking ETFs could mark a significant development in the growth of crypto-related investment vehicles in the U.S.
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Cryptoticker
2w
103
Image Credit: Cryptoticker
BONK Price Prediction: Is BONK About to Surge 30%?
- BONK, a meme coin in the crypto space, has been consolidating but shows signs of a potential breakout on the daily chart.
- Fibonacci retracement levels indicate BONK's price nearing an inflection point, which could lead to a 20% upside if surpassed.
- RSI hovering around 47.54 suggests neutral momentum, and a break above 50 could signal bullish strength for BONK.
- Traders advised to watch for a close above $0.0000145 with increased volume to confirm a rally towards $0.0000175 - $0.0000200.
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TronWeekly
2w
223
Image Credit: TronWeekly
From $494 to $5,000? Bitcoin Cash (BCH) Sets Up for Explosive Move
- Bitcoin Cash (BCH) broke out of a sideways trend with a sharp price surge and rising volume.
- After hitting a peak near $500, BCH entered a consolidation phase with a support zone forming between $460 and $470.
- Long-term projections indicate a potential rally for BCH to reach between $3,000 and $5,000 if the lower support level holds at $220-$230.
- Crypto Patel suggests that BCH could see a significant 10x increase if it maintains the $220-$230 support level, signaling a potential major move though patience is advised.
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13 Likes
TronWeekly
2w
358
Image Credit: TronWeekly
JasmyCoin Breakout Signals Potential 20x Rally Amid Hidden Bullish Divergence
- JasmyCoin surged from $0.0112 to above $0.014, breaking out of a consolidation phase.
- Price holding at $0.013 support suggests potential continuation.
- Hidden bullish divergence on MACD indicates renewed upward momentum.
- Analyst sets a $0.278 target for JasmyCoin, projecting over 20x gains from current levels.
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21 Likes
Bitcoinist
2w
343
Image Credit: Bitcoinist
Altseason On Hold As Bitcoin Dominance Set For Surge – Details
- The highly anticipated altseason in the crypto market might continue to be on hold as Bitcoin Dominance is expected to surge to 74%, signaling ongoing investor preference for Bitcoin over other digital assets.
- Market analysts project a limited altseason in the current cycle due to Bitcoin's dominance, which historically leads to a surge in Bitcoin investment rather than a widespread shift to altcoins.
- While some analysts believe replicating previous altseasons is challenging due to the increasing number of altcoins, others suggest a more selective altseason featuring strong performances from specific projects is still plausible.
- The altcoin market has been stagnant according to market expert Daan Crypto, lacking clear bullish momentum. A breakthrough above the $1.27 trillion resistance level could ignite renewed interest in altcoins and potentially spur an altseason.
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20 Likes
TronWeekly
2w
335
Image Credit: TronWeekly
Litecoin (LTC) Eyes Breakout as Open Interest Surges Past $1 Billion
- Litecoin (LTC) is poised for a potential breakout, trading just below the 200 SMA at $87.36.
- Key moving averages are forming strong support levels between $85.04 and $85.23.
- Momentum indicators like RSI and MACD suggest increasing bullish momentum, with RSI at 66.12 and a bullish MACD crossover.
- Open interest in Litecoin has surged past $1.03 billion, indicating growing speculative bets in the market.
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