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Altcoins News
TronWeekly
2w
47
Image Credit: TronWeekly
Why Did SEI Skyrocket an Explosive 90% This Week?
- SEI token surged by 90% in a week, reaching $0.30, with World Liberty seeing an 80% unrealized profit.
- Bullish divergence above $0.25 and a $0.40 target prompted technical buying in the SEI market.
- On-chain growth, with USDC supply hitting $225 million and derivatives volume surging 92% to $2.66 billion, drove demand for SEI.
- SEI has been a standout performer in the crypto market, increasing by 90% over the past seven days and 8% in the last 24 hours.
- World Liberty's purchase of 5.98 million SEI tokens for $1 million, now valued at $1.8 million, sparked speculation on political and financial ties.
- Analysts suggest SEI may target the $0.40 resistance level after confirming a bullish divergence and aim for $1.
- Improving market sentiment due to geopolitical events like the Israel-Iran ceasefire also benefited SEI.
- Sei's ecosystem has seen exponential growth, with USDC supply rising from $1.2 million to $225 million, showcasing expansion and trust in the protocol.
- Wyoming Stable Token Commission choosing Sei for a state-backed stablecoin adds credibility and regulatory ease to the project.
- Derivatives market frenzy witnessed Open Interest at $310 million, trading volume up 92% to $2.66 billion, reinforcing a bullish market sentiment.
- The long/short ratio stands at 1.019, reflecting a very bullish market stance.
- Approximately $4.99 million in shorts were liquidated, fueling the ongoing price rally.
- SEI's recent performance and ecosystem growth indicate a positive trajectory and strong market interest.
- SEI's rise showcases vibrant market activity and investor enthusiasm amidst geopolitical and on-chain developments.
- The news provides insights into the exceptional performance and factors behind the remarkable surge of the SEI token.
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Coindoo
2w
374
Image Credit: Coindoo
Altcoin Market Continues Downtrend Against Bitcoin
- The altcoin market continues to experience a downtrend against Bitcoin according to the TOTAL3/BTC weekly chart.
- Daan suggests that extreme macro conditions like mass money printing, quantitative easing, or significant interest rate cuts may be necessary to trigger a sustained turnaround.
- Daan expresses uncertainty about what would be needed to reverse the trend for more than a temporary bounce.
- Altcoin investors are advised to be selective and strategic as broad exposure to underperforming tokens can lead to significant losses compared to Bitcoin.
- The current market environment does not support a widespread altcoin rally similar to previous cycles like 2021.
- A descending wedge pattern is observed in the TOTAL3/BTC ratio chart, with the market testing the lower boundary near historical support.
- Altcoins are cautioned to remain cautious relative to Bitcoin until a clear breakout or significant macro shifts occur.
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99Bitcoins
2w
374
Telcoin (TEL) Crypto Surges 30% as Stablecoin Regulation Hopes Boost Prices in the U.S.
- Telcoin (TEL) crypto has surged 30% in the past 48 hours driven by positive U.S. stablecoin regulations.
- Citi projects the global stablecoin market to reach $3.7 trillion by 2030, with various estimates from other sources.
- Telcoin Bank has been approved to issue a regulated stablecoin, eUSD, in Nebraska.
- The anticipated passage of the GENIUS Act in the U.S. could benefit compliant stablecoin issuers like Telcoin.
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TronWeekly
2w
161
Image Credit: TronWeekly
Ripple vs SEC Still Ongoing as Appeal Remains Active Despite Rumors
- The legal battle between Ripple and the SEC continues despite rumors of appeal being dropped.
- Confusion arose when Ripple's legal chief claimed victory, but a former SEC lawyer clarified that the appeal is still active.
- Ripple is at the center of a legal and regulatory debate with implications for the U.S. crypto industry.
- Speculation grew after Ripple's Stuart Alderoty suggested the SEC had dropped its appeal and broader enforcement actions.
- Alderoty highlighted the importance of clear laws and regulations for the crypto industry to thrive.
- Former SEC lawyer James Farrell debunked rumors of Ripple's legal victory, stating that the appeal is still active but temporarily stayed.
- The legal case is not yet resolved, with proceedings paused but the outcome pending in the U.S. legal system.
- Ripple's legal team continues to engage in policy discussions to shape a regulatory framework supporting innovation and consumer protection.
- There is optimism for future crypto regulation in the U.S. as stakeholders push for definitive guidelines from Congress.
- The hope is to end the era of regulation by enforcement and provide clarity for the industry.
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Coindoo
2w
152
Image Credit: Coindoo
Pi Coin Surges 13%: Here is What’s Fueling the Rally
- Pi coin surges 13% fueled by speculation on major ecosystem updates and Pi2Day hype.
- Pi recently broke above $0.5868, the upper Bollinger Band, with an RSI of 80.38, signaling overbought conditions.
- Traders are monitoring the $0.65 Fibonacci extension level and the 50-day EMA at $0.66 for trend confirmation.
- On-chain data shows a 42% increase in non-exchange wallets and institutional participation in Pi Network.
- Banxa acquired 10 million PI tokens following KYC clearance, boosting confidence in the project.
- Pi traders anticipate upside potential as Pi2Day nears.
- Speculations on enhanced KYC processes, mainnet development, and AI integration are driving community interest.
- Pi2Day is seen as a catalyst event with protocol updates attracting retail and strategic investors.
- The rally is supported by technical breakout above key levels and indicators like the RSI.
- Institutional signals and retail interest contribute to the positive momentum in Pi coin's price.
- The news article discusses the increasing confidence in Pi Network’s infrastructure.
- Pi traders align with ecosystem expectations and technical trends for potential growth.
- Overall, the Pi coin rally is driven by market speculation, technical breakout, and ecosystem updates.
- The article highlights key factors influencing the recent surge in Pi coin's price.
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TronWeekly
2w
165
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Dogwifhat (WIF) Forms Bullish Pattern — Analysts Target $1.40 Next
- Dogwifhat (WIF) has shown strong trading volume and price gains, indicating increased investor interest.
- Technical analysis suggests a bullish reversal pattern despite market weakness.
- Price targets for 2025 vary, with optimistic forecasts indicating significant upside potential.
- WIF is currently trading at $0.8421, with a 7.76% increase in value over the last few sessions.
- Trading volume surged by 40.09% in the past 24 hours to about $530.95 million, reflecting growing investor interest.
- In the last week, WIF's price remained stable, closing at $0.8424, representing a 6.51% rise.
- WIF is exhibiting a classic falling wedge pattern, signaling a potential end to the bearish trend and the start of a bullish one.
- Analysts suggest a possible entry point at $0.8304, with a target price of $1.40 and a stop-loss at $0.6283.
- Price predictions for Dogwifhat in 2025 vary, with some estimates exceeding $1.84 while others forecast a range between $0.2069 and $0.2339.
- DigitalCoinPrice is optimistic about WIF's price reaching above $1.84 by the end of 2025.
- Changelly, however, offers a more conservative estimate, projecting WIF to trade between $0.2069 and $0.2339 in 2025.
- The average price prediction by Changelly is around $0.2137, with expectations of gradual growth.
- Changelly anticipates returns of 25% to 37% by mid-2025.
- Dogwifhat's performance is closely monitored due to strong investor interest and recent positive momentum.
- Market conditions need to align with technical indicators for a significant upward movement in the price of WIF.
- These factors suggest potential opportunities for growth within the cryptocurrency market.
- The article is eligible for web story generation as it provides insights into Dogwifhat's price trends and analyst predictions.
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Nigeriabitcoincummunity
2w
65
Image Credit: Nigeriabitcoincummunity
Spenda App Review: Convert Crypto to Cash in Secs – No P2P BS!
- Spenda app simplifies converting crypto to cash, avoiding P2P scams and delays.
- Users can instantly convert cryptocurrencies to naira, make utility payments, and use virtual cards.
- Spenda ensures speed, security, and direct bank transfers, enhancing crypto-to-cash experience.
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TronWeekly
2w
26
Image Credit: TronWeekly
Why Bitcoin’s 94.5% Profit Could Signal Market Changes
- Bitcoin is currently at 94.5% profit, indicating gains but potential for sell-offs.
- Cardano holds 46.5% profit, showing most investors at a loss.
- Profit metrics reveal investor sentiment and identify undervalued or overbought crypto assets.
- Santiment's analysis shows stark contrast in profitability of investors across cryptocurrencies.
- BTC is the most profitable at 94.5%, followed by ETH at 88.7%, reflecting high investor confidence and potential overvaluation.
- DOGE and XRP are in the middle with 65.1% and 64.7% profit respectively, while LINK and ADA are at 59.4% and 46.5% profit.
- Higher profitability can lead to profit-taking and price pullbacks in the market.
- Long-term investors might consider assets with smaller profitable supply like ADA and LINK for potential growth.
- Analyzing profitability distribution helps traders anticipate market trends and make informed investment decisions.
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Coindoo
2w
67
Image Credit: Coindoo
Most Viewed Crypto in the Last 24 Hours
- Notable cryptocurrencies like Notcoin (NOT), Toncoin (TON), and Sei (SEI) dominated views in the past 24 hours. Sei emerged as the top performer, surging by 21.4% to a market cap of $1.56 billion.
- Notcoin saw a 1.8% price increase, reaching a $186 million market cap, while Toncoin experienced a 0.6% gain, maintaining a market cap of $7.13 billion.
- LAMBO (LAMBO) and Mango Network (MGO) garnered attention with market values of $38.5 million and $29.6 million, respectively. Ethereum (ETH) remained prominent with a market cap of $295 billion.
- Hyperliquid (HYPE) at $12.5 billion, Sui (SUI) at $9.45 billion, and Bittensor (TAO) at $3.07 billion were also among the widely tracked tokens.
- Sonic (S) led notable views with a valuation of $1.08 billion. Maple Finance (SYRUP) at $590 million and Aerodrome Finance (AERO) at $711 million attracted attention, while Ondo (ONDO) reached a market cap of $2.45 billion.
- Bitcoin (BTC) maintained its dominance with a market cap of $2.10 trillion, and Solana (SOL) followed with $76.9 billion, indicating sustained investor interest across major and emerging cryptocurrencies.
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99Bitcoins
2w
148
New Token Launches Fuel SEI Price on 70% Rally: SEI Crypto Price Prediction For July?
- SEI crypto has seen an 80% increase in the last week and is predicted to continue its upward momentum.
- SEI outperforms Sui in various metrics such as transaction volume, transaction finality time, and daily active users.
- SEI's specialization in fast, high-volume DEX activity has earned it the nickname 'The DEX Chain'.
- SEI's fully diluted market cap is significantly lower than Sui's, making it appear undervalued for its ecosystem's activity level.
- SEI has 56% of its circulating supply compared to Sui's 34%, potentially reducing future selling pressure.
- Despite recent gains, SEI still has potential for upside growth, aiming to match Sui's valuation.
- Both SEI and Sui have room for growth, with SEI catching up and Sui having the potential to double or triple.
- SEI's current performance indicates a positive trend for July.
- SEI's focus on decentralization and DEX activity are key factors driving its success against Sui.
- Wyoming's stablecoin news, increasing DEX volume, and technical upgrades have contributed to SEI's recent rally.
- SEI's faster transaction finality time and higher daily transaction volume give it a competitive edge over Sui.
- SEI's undervaluation compared to Sui makes it a promising candidate for further growth.
- SEI's strong position in various key metrics underscores its potential for continued success in the crypto market.
- SEI's current market performance suggests it is just starting its upward trajectory.
- SEI and Sui are both expected to see growth, with SEI having more ground to cover to catch up.
- Both coins have room for advancement, with SEI showing potential for significant upside.
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TronWeekly
2w
187
Image Credit: TronWeekly
CME Futures Volume Soars for Solana: Can $258.45 Be the Next Target?
- Solana's CME Futures volume hits record 1.75 million contracts, signaling high institutional interest and market confidence.
- Despite a volume drop, Solana's open interest slightly increases as its price approaches potential new highs.
- Analysts forecast Solana could reach price targets of $204.31, $229.01, and $258.45 post a bullish breakout.
- Glassnode reports the CME Futures volume for Solana reaching an all-time high of 1.75 million contracts, indicating institutional participation and investor confidence.
- Institutional undertakings in Solana's market are evidenced by the surge in futures volume and price recovery to around $145.
- Solana's futures market sees major actors engaging, showing institutional demand and a positive outlook for SOL's future.
- CoinGlass data shows a 38.57% volume decrease for SOL to $12.45 billion, alongside a 0.13% open interest rise to $6.09 billion.
- The OI-weighted funding rate for SOL is 0.0014%, indicating average market activity despite the overall volume decline.
- Technical indicators suggest bullish momentum for Solana with the potential for a breakout, supported by positive market signals.
- Experts anticipate significant price targets of $204.31, $229.01, and $258.45 for Solana in case of the expected breakout.
- Solana's optimistic future outlook, driven by institutional interest and positive technical signals, hints at potential significant gains post a breakout.
- With increasing CME Futures volume and bullish technical signs, Solana attracts both individual and institutional investors, set for a potential significant upward movement.
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99Bitcoins
2w
226
The New Great Recession: Winners and Losers Post-Iran War
- The U.S. economy appears to be doing well overall, with low inflation and a rising Bitcoin value.
- Despite surface improvements, there is an underlying economic reality that is concerning.
- FICO will now include 'buy now, pay later' loans in credit scores, affecting consumers who rely on such payment methods.
- The United States credit rating has been downgraded by Moody's to Aa1 due to growing debt and debt ceiling concerns.
- Despite the downgrade, the U.S. is still functional with 1.6% growth and deficit reduction.
- A large percentage of Americans are struggling financially, with many living paycheck to paycheck and facing debt cycles.
- Stats show that a significant portion of Americans are using credit cards to cover expenses and are considering side gigs to make ends meet.
- The lifting of the freeze on student loan payments has also impacted Americans' spending plans.
- While assets may be growing, the economy is seen as fragile, with many individuals vulnerable to financial devastation.
- Economic future is uncertain, with attention turning to potential recession in 2025.
- People are concerned about inflation and labor market trends, awaiting guidance from Powell.
- The Winners and Losers in this economic landscape are becoming more defined, impacting various segments of society.
- The current economic situation raises questions about stability and long-term financial prospects for many individuals.
- There is a growing divide between economic indicators and the lived reality of many Americans.
- Despite some positive financial aspects, there are significant challenges ahead for the economy and the population.
- The situation post-Iran war continues to shape the economic landscape, influencing winners and losers in the process.
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TheNewsCrypto
2w
378
Maple Finance Bulls Unleashed With 23% Surge, What Next?
- Maple Finance's SYRUP token surged 23% in the last 24 hours, reflecting strong bullish momentum.
- SYRUP is trading above key EMAs, signaling a positive upward trend.
- Technical indicators suggest a continued positive trend in the short term for SYRUP, with the token trading at $0.5973.
- The 50-day EMA is above the 200-day EMA, indicating a strong bullish pattern and long-term uptrend.
- RSI suggests SYRUP is overbought, potentially leading to short-term consolidation or minor corrections, but strong bull markets may sustain overbought conditions.
- The positive social sentiment indicator and MACD convergence support the bullish outlook for SYRUP.
- SYRUP has shown an upward channel with higher highs, breaking past resistance levels with increased volume support.
- Given the convergence of bullish technical indicators, Maple Finance is likely to see further upside, although short-term consolidation is possible due to high RSI levels.
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Coindoo
2w
182
Image Credit: Coindoo
Bitcoin and Stablecoin Dominance Hits 73.5%, Setting Stage for Altseason
- Stablecoins' market value near $250 billion, accounting for 7.5% of the crypto market; Tether leads with 66% share.
- Bitcoin and stablecoin dominance at 73.5%, signaling strong accumulation and potential altcoin rotation.
- CEO of Alphractal suggests market underestimating altcoins, sees potential for surprise rally.
- Large pools of stable liquidity could shift into altcoins, fueling upside in the altcoin market.
- Altcoins are underheld compared to historic norms, presenting a setup for a potential parabolic move.
- Alphractal projects altseason starting in summer 2025 due to rising stablecoin reserves and investor hesitation.
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TheNewsCrypto
2w
209
Will Chainlink (LINK) Break Through $15 or Face a Reversal?
- Chainlink (LINK) has shown a slight increase of over 0.95% in the past 24 hours, trading within the range of $12.94 to $13.72.
- With a market cap of $9.07 billion, LINK's trading volume has surged by 11.81% to $519 million.
- Despite a 14.85% loss in the last thirty days, LINK may see further gains if it breaks key resistance levels.
- On the four-hour chart, Chainlink is on an upward trajectory, aiming to retest the $13.40 resistance level and potentially reach $14.
- If LINK fails to hold its current price, it could test support near $13.29, risking a further drop towards $13.20.
- Technical indicators like the MACD and CMF suggest bullish momentum for Chainlink.
- The RSI at 64.16 indicates strong bullish momentum, while the BBP value of 0.77 signals a bullish sentiment.
- Overall, the market sentiment is neutral as LINK aims for potential upside gains.
- The crypto market cap stands at 3.27 trillion, with Bitcoin (BTC) trading around $106.3K and major altcoins in the red.
- The fear and greed index is at 48, reflecting a balanced market sentiment.
- The broader crypto market remains robust despite the Federal Reserve pausing rate cuts.
- Highlighted News: 'Crypto Stays Strong as Fed Pauses Rate Cuts: What It Means for Investors'
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