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Altcoins News
Coindoo
2w
251
Image Credit: Coindoo
How XRP Is Different From Other Cryptocurrencies
- XRP, created in 2012 by Ripple Labs, serves as a bridge currency for international payments with fast transaction speeds and low costs.
- Unlike Bitcoin, XRP is not mined but has all its tokens pre-mined, enabling quicker transactions and lower energy usage.
- XRP's consensus protocol relies on a Unique Node List (UNL) instead of mining, leading to debates about its degree of decentralization.
- XRP's primary focus is on payments, aiming to revolutionize cross-border transfers, facing regulatory scrutiny especially in the U.S.
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99Bitcoins
2w
147
Bitmex CEO Targets Crypto Copy Trading: Is This Best Way to Get Rich in Crypto?
- BitMEX CEO, Stephan Lutz, is introducing a new copy trading platform aimed at making trading more accessible and profitable for users, set to launch in July 2025.
- Crypto copy trading allows inexperienced traders to mimic the trades of seasoned traders to potentially achieve similar profits, emphasizing the importance of choosing the right traders to copy for success.
- BitMEX's focus on low latency and a 'social-trust layer' aims to provide users with a seamless and reliable copy trading experience, highlighting speed, trust, and community engagement as key factors.
- Lutz aims to address latency and transparency issues in copy trading, creating a platform where users can trust and follow successful traders while enjoying a more social trading environment.
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Coinjournal
2w
412
Image Credit: Coinjournal
Centrifuge (CFG) price signals breakout amid $1B RWA allocation
- Centrifuge (CFG) price hovers near $0.20 as the real-world asset (RWA) project gets a fresh boost with a $1 billion allocation to a tokenized product.
- Centrifuge's innovative RWA Launchpad attracts institutional backing and interest, potentially leading to a price bounce to $0.5, levels last seen in December 2024.
- The RWA Launchpad by Centrifuge streamlines asset tokenization, allowing for plug-and-play extensions, and interfaces with traditional finance and DeFi seamlessly.
- The recent $1 billion allocation into a single tokenized product on Centrifuge from Sky Ecosystem further solidifies its position in merging traditional finance with blockchain innovation.
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Coinpedia
2w
165
Image Credit: Coinpedia
Pi Network Faces Volatility Ahead of Pi2Day; Is a Bigger Move Incoming?
- Pi Network faced volatility with a 12% surge followed by an 8% decline, now trading near $0.58.
- Investors focus on the upcoming Pi2Day event for updates on AI, KYC, and ecosystem developments.
- Traders are cautious due to the July token unlock and are assessing short-term volatility versus long-term potential.
- Technical indicators suggest a potential 15% pullback if $0.5 support is breached; Pi2Day outcome could impact price movement.
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Coinjournal
2w
52
Image Credit: Coinjournal
Pi Network price pares gains after 20% surge
- Pi Network (PI) price has dropped 5% in the past 24 hours, trading around $0.58 following a 20% surge and subsequent profit-taking.
- The recent price gain from lows of $0.46 to highs of $0.66 was bolstered by overall bullish sentiment in the cryptocurrency market.
- Despite the decline, Pi Network could benefit from integrating generative Artificial Intelligence (AI) and upcoming updates to maintain community enthusiasm.
- Technical indicators suggest a potential downturn for PI price, with key levels to watch being below $0.56 for a drop to $0.46 or a break above $0.63 for a move towards $1. Risks include geopolitical tensions and macroeconomic factors.
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3 Likes
TheNewsCrypto
2w
208
Fartcoin Drops 9% Breaking Critical Technical Support Zones
- Fartcoin has dropped by 9% in the last 24 hours, breaking below key technical support levels like the 50-day EMA.
- The breach of the 50-day EMA at $1.1010 is concerning as it indicates a potential protracted decline in the cryptocurrency.
- Fartcoin failed to hold the significant $1.00 support level, a psychologically important mark for traders, signaling increased selling pressure.
- Technical indicators like MACD and RSI suggest a bearish trend continuation, with the nearest resistance at $1.1011 and the next support at $0.8365.
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TronWeekly
2w
121
Image Credit: TronWeekly
Dogecoin Eyes Breakout Rally, Can It Overtake $0.1750 Mark?
- Dogecoin is showing bullish signs trading above $0.160 and the 100-hourly SMA, with resistance levels at $0.1680, $0.1750, and $0.397, potentially leading to a breakout above $0.40.
- The DOGE/USDT pair has significant trading volume and a neutral-to-bullish RSI at 52.28, indicating a market sentiment favoring the bulls.
- Dogecoin has surged past key resistance levels and is consolidating above support zones around $0.1420. Technical indicators suggest buyers are defending gains, with potential upward movements towards $0.40.
- The formation of a rising channel pattern on the DOGE/USD hourly chart indicates potential resistance at $0.1680, with a breakout possibility towards $0.1750, $0.180, and $0.200 levels. Failure to sustain bullish momentum could lead to support tests at $0.1620 and $0.1550.
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7 Likes
99Bitcoins
2w
125
Melania Scandal: 39% Drop Hits Melania Trump Coin as Big Holders Exit
- MELANIA coin has seen a 39% drop in value due to executives offloading 8.22% of the coin's supply for $35.7 million in Solana (SOL), leading to doubts about transparency and trust among investors.
- Sell-offs by insiders and an ongoing unlock schedule have further contributed to MELANIA coin's price decline, with 620 million tokens circulating out of nearly 1 billion total.
- The collapse of MELANIA coin is reminiscent of Donald Trump's meme coin, highlighting the risks associated with celebrity-backed cryptocurrencies lacking tangible utility.
- The volatility of celebrity-endorsed meme coins like MELANIA underscores the importance of thorough research and caution before investing, as they are susceptible to manipulation.
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TronWeekly
2w
213
Image Credit: TronWeekly
Bitcoin Dominance to Drop 30%: Altcoins Are Ready to Explode by 20x
- Analyst Crypto Patel warns that Bitcoin dominance is expected to drop sharply, allowing for a potential altcoin rally.
- Investors are advised to consider altcoins as their dominance increases, possibly leading to significant 10x-20x returns.
- Altcoins are anticipated to soar as Bitcoin's dominance weakens, providing investment opportunities according to Patel and analyst Michaël van de Poppe.
- Santiment, an analytics platform, also indicates a shift towards altcoins with traders focusing on Bitcoin and Ethereum.
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12 Likes
TheNewsCrypto
2w
30
Will the Onyxcoin (XCN) Rally Continue or Lose Steam Before $0.020?
- Onyxcoin (XCN) is currently priced around $0.016 with a 91% increase in 24-hour trading volume.
- Market sentiment for altcoins like Onyxcoin remains neutral with a market cap of $547 million and a trading volume of $62.42 million.
- Onyxcoin's technical indicators suggest a bullish momentum, with potential for an upward price movement.
- The asset may face resistance around $0.01608 range and support near $0.01591 mark, possibly leading to a rally or downside correction.
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TronWeekly
2w
364
Image Credit: TronWeekly
Solana ETFs Could Launch This Summer with Invesco and Galaxy in the Lead
- Invesco and Galaxy Digital have filed to launch a Solana ETF under the ticker symbol 'QSOL' on Cboe BZX, including a staking option to earn additional SOL tokens.
- The proposal reflects a trend of increasing interest in altcoin exposure, with up to nine Solana ETFs potentially approved by July and a 90% likelihood of approval according to analysts.
- Institutions like VanEck, Bitwise, Grayscale, and others have also submitted applications for similar Solana ETFs, signaling a broader shift towards altcoin investment products alongside Bitcoin and Ethereum.
- Industry analysts anticipate Solana ETF approval by July, potentially paving the way for an 'altcoin ETF summer' with SOL leading the way and multiple issuers vying for approval.
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21 Likes
Coinpedia
2w
3.7k
Image Credit: Coinpedia
Pi Network Price Breakout Prediction: Is $1 Next After 19% Surge?
- Pi Coin has surged over 19% to $0.63 in anticipation of Pi2Day, with trading volume spiking to $285.65 million.
- Analysts predict a potential rise to $1 if Pi breaks above the $0.65 resistance, citing upcoming project updates and AI integration.
- Technical indicators suggest short-term bullishness, but long-term trends remain weak with a mix of buy and sell signals.
- Community expectations for Pi2Day include a possible GenAI announcement, ecosystem updates, and KYC Sync launch while some analysts caution about a potential correction post-rally.
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10 Likes
Coindoo
2w
377
Image Credit: Coindoo
Coinbase Expands Wrapped Token Lineup with Cardano and Litecoin on Base
- Coinbase introduced synthetic tokens cbADA and cbLTC backed 1:1 by the underlying assets held in Coinbase custody.
- The launch of cbADA and cbLTC follows earlier activations of cbDOGE and cbXRP, offering users a way to interact with popular non-Ethereum assets on Base's layer-2 infrastructure.
- cbBTC and cbETH are also supported by Coinbase, with steady growth in circulating supply and transfer activity observed.
- Data from L2Beat shows Base as the second-largest Ethereum layer-2 platform, with over $12 billion in total value secured, enhancing its role in cross-chain liquidity.
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22 Likes
Bitcoinist
2w
347
Image Credit: Bitcoinist
Wait—Ripple Came Before Bitcoin? Newly Uncovered Document Says So
- Emails from 2014 indicate Ripple's origins date back to 2004, predating Bitcoin's whitepaper by four years.
- RipplePay, conceived in 2004, was envisioned as a payment system to enable value transfer without banks, later transitioning towards a crypto direction.
- The XRP Ledger, developed in 2011 and going live in 2012, aimed to create a network different from Bitcoin by skipping proof-of-work.
- Founders gifted 80 billion XRP to the company at XRP's inception, with McCaleb selling his holdings gradually and later assisting in starting Stellar, while Larsen continues to lead Ripple.
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20 Likes
TronWeekly
2w
412
Image Credit: TronWeekly
JasmyCoin Set for Breakout: Why $0.0145 Could Spark a Powerful Rally
- JasmyCoin is showing promising signs of a reversal with strong support near $0.012 and increased buying interest.
- Recent price momentum is pushing JasmyCoin towards a potential breakout above the $0.0145 resistance level.
- A move above the 200-day simple moving average could attract more buyers, targeting the $0.021 level.
- Technical indicators are signaling a bullish reversal, indicating growing confidence in an upward price movement for JasmyCoin.
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24 Likes
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