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TronWeekly

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XRP Futures Volume Soars to $3.96 Billion as Altcoin Eyes Major Breakout

  • XRP futures trading volume surged to $3.96 billion in 24 hours, indicating increased trader interest.
  • Open interest rose by 5%, adding $550 million in new positions, with Binance leading in volume at $1.21 billion.
  • XRP is eyeing the $2.14 breakout level, with optimistic forecasts aiming for $27 by 2026.
  • XRP's recent strong performance has attracted traders' attention across the crypto market.
  • The interest in XRP is focused on a key resistance level at $2.14, driving trading activity in the derivatives market.
  • The surge led to a positive funding rate, indicating heightened expectations for price increases.
  • XRP futures open interest increased by 5%, attracting $550 million in new futures positions.
  • Binance processed 30.58% of XRP futures volume, totaling $1.21 billion, followed by Bybit and OKX.
  • Ripple's global expansion and expected regulatory clarity in the U.S. are bolstering positive sentiment around XRP.
  • Analysts see potential for XRP to reach $27 by 2026, citing technical and fundamental factors driving the rally.
  • Egrag Crypto predicts a historic breakout for XRP based on a repeating fractal pattern, similar to its 2017 rally.
  • XRP is targeting the $2.14 breakout level after the significant surge in futures volume, indicating growing market interest.

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TheNewsCrypto

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Fartcoin’s 11% Freefall Puts 200 EMA Support Under Severe Pressure

  • Fartcoin is facing bearish pressure, failing to hold above the 50-day EMA with critical support at $0.82 in jeopardy.
  • Negative sentiment at -0.2313 suggests waning retail and institutional interest since May.
  • Technical tools indicate a potential further price decline for Fartcoin, with 200-day EMA at $0.8286 under threat.
  • During the recent price movement, Fartcoin briefly exceeded the 50-day EMA but faces strong bearish pressure.
  • The RSI indicator at 38.97 and the 14 SMA line at 48.78 show bearish confirmation.
  • Social sentiment analysis remains negative at -0.2313, indicating fading interest from retail and institutional traders.
  • MACD indicator supports the bearish sentiment with the MACD line below the signal line and zero line.
  • Fartcoin appears to be forming a descending pattern with support around $0.82.
  • A breach below $0.82 support may trigger stop-loss orders and drive prices lower.
  • Highlighted Crypto News Today: Nakamoto Holdings Secures $51.5M to Build Publicly Traded BTC Reserve

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99Bitcoins

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Africa Crypto News Week in Review: Visa Partners with Yellow Card, Empowa Expands, Crypto Reforms in South Africa

  • Visa partners with Yellow Card to expand stablecoin business in Africa, Europe, and the Middle East.
  • Empowa, a blockchain housing startup, expands to Nigeria through a partnership with ProPay and other housing finance platforms.
  • In South Africa, crypto stakeholders advocate for reforms to classify crypto assets as onshore assets, aiming to unlock tax revenue and enable innovative products like ETFs.

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TronWeekly

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Dogecoin Repeats Historic Cycles for 2025 Bull Run: Analyst

  • Dogecoin is following historic market cycles, prompting predictions of a significant bull run in 2025.
  • Analysts note that Dogecoin's chart pattern resembles past trends, indicating a potential price breakout.
  • Increased interest in Dogecoin is evident through rising network activity, including volume and active addresses.
  • The chart analysis by @Bitcoinsensus shows repeating cycles in Dogecoin since 2016 with distinct phases of bear markets, sideways periods, and bull runs.
  • Newcomers are intrigued by the recognizable shapes formed by these market phases: steep declines for bears, flat lines for accumulation, and upward slants for bull runs.
  • A blue box on the chart signifies Dogecoin's current consolidation period, hinting at potential for a major price surge.
  • The 2024-2025 cycle is likened to a spring with built-up tension, poised for an upward breakout.
  • The increased network activity for Dogecoin includes a 41.12% rise in transaction volume and a 34.91% increase in daily active addresses.

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TheNewsCrypto

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SPX6900 Plunges 20% as Crypto Whales Dump Holdings

  • SPX6900 plunges 40% from $1.63 peak to $1.04, with a 20% drop in the last 24 hours due to whale profit-taking.
  • Price breaks below the 50-day EMA with bearish MACD divergence and RSI falling to 42.99 from overbought levels.
  • The meme token SPX6900 exhibits signs of exhaustion after a parabolic move, now trading close to $1.04, down from $1.7 in mid-June, marking a 40% decline.
  • SPX6900 faces a technical correction with key support at $1.00 and the 200-day EMA at $0.831.
  • Current SPX6900 price stands at $1.066 with a 20% intraday drop, indicating high selling pressure and a 62% increase in trading volume to $104.75.
  • MACD indicator displays bearish divergence as the MACD line crosses below the signal line, suggesting potential further downward movement.
  • RSI at 42.99 reveals increased bearish momentum after falling from overbought levels, highlighting institutional or whale selling rather than retail panic selling.
  • Volume analysis points to heightened selling pressure, with former support levels at $1.00 and $0.83 being potential downside targets amid the ongoing correction.
  • SPX6900's 250% rally from May lows to June highs was unsustainable, leading to a healthy correction currently trading 40% lower than recent highs.
  • Critical resistance levels at $1.06 and $1.40, with support at $1.00 and $0.83, advising traders to monitor price sustainability above $0.80 to avoid further technical breakdown.

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Coinpedia

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Cardano’s Treasury Strategy Targets Bitcoin DeFi Boom

  • Cardano plans to convert a portion of its 1.7 billion ADA treasury into stablecoins and Bitcoin to fuel DeFi liquidity and growth.
  • The move aims to incentivize BTC holders and enhance Cardano's DeFi ecosystem, backed by community support.
  • Founder Charles Hoskinson's strategy has sparked debate but is seen as pivotal for Cardano's future development.
  • Cardano adoption is on the rise, with 110 million transactions and 22 billion ADA staked across 3,000 pools, indicating growing DeFi activity.
  • Lack of deep stablecoin liquidity and competition from other DeFi ecosystems are the primary challenges Cardano faces.
  • Proposed solutions include allocating treasury funds to key protocols to build stablecoin pools and offer BTC borrowing capabilities.
  • Converting ADA into Bitcoin and providing BTC yield incentives could attract more users to the Cardano network.
  • The approach could establish Cardano as a significant hub for Bitcoin DeFi and boost network activity if implemented swiftly.
  • Potential risks include short-term price volatility for ADA and regulatory concerns associated with stablecoins and Bitcoin.
  • Attracting institutional investors would require enhanced compliance measures and infrastructure to support their entry into the ecosystem.

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99Bitcoins

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Coinbase Becomes First U.S. Exchange to Get EU-Wide Crypto License

  • Coinbase becomes the first U.S.-based crypto exchange to acquire a MiCA license, allowing it to operate across the EU.
  • The license was granted by Luxembourg's financial regulator, leading Coinbase to shift its EU operations from Ireland to Luxembourg.
  • Luxembourg's established blockchain laws and regulatory familiarity with crypto made it an ideal choice over Ireland for Coinbase.
  • MiCA (Markets in Crypto-Assets regulation) sets a standardized framework for digital assets across the EU.
  • Coinbase can now offer crypto services in all EU nations without individual country licenses, enhancing user experience and advancing regulatory compliance.
  • The move positively impacted Coinbase's stock price, reflecting confidence in its international strategies.
  • Luxembourg and other countries are also licensing crypto firms under MiCA, raising concerns about regulatory consistency.
  • Coinbase must strengthen its team in Luxembourg, meet license obligations, and compete with other MiCA-compliant players.
  • Regulators aim to create a uniform regulatory environment in the EU to balance innovation and accountability.
  • Coinbase's license signifies progress towards regulated crypto markets in Europe, transitioning from ambiguity to structured regulation.
  • Coinbase's achievement underscores a shift towards global crypto market regulation and sets a precedent for industry adaptation.
  • The MiCA license allows Coinbase to broaden services for European users, including 24/7 USDC settlement and expanded merchant tools.
  • Coinbase's approval signals growing regulatory alignment between the U.S. and EU as the crypto market matures.
  • The company's success may influence other players in shaping their regulatory strategies to comply with evolving standards.
  • Coinbase's move marks a significant milestone towards regulated crypto trading within a structured framework.
  • The company's expansion and regulatory compliance efforts reflect the evolving landscape of the global crypto industry.

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99Bitcoins

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Ethereum Locks In 35 Million ETH as Staking Hits All-Time High

  • Ethereum hits new milestones with over 35 million ETH locked in staking contracts and 22.8 million ETH held by wallets not selling.
  • This shows a maturing network with reduced focus on short-term price swings in favor of long-term holding and staking.
  • Approximately 29% of the total circulating ETH supply is now locked in staking, fueled by whale activity adding significant amounts daily.
  • Staking is concentrated on platforms like Lido, raising concerns about decentralization but indicating active participation by major players.
  • Increased regulatory clarity, especially in the U.S., has boosted confidence in staking, removing legal barriers for institutions.
  • Despite price pressure and recent volatility, long-term holders are retaining ETH, with some technical indicators suggesting potential price movement.
  • With a significant portion of ETH locked and inactive in wallets, the available supply for trading is decreasing, setting the stage for price volatility.
  • Events to watch include the potential golden cross, regulatory developments around staking ETFs, and actions of large ETH holders.
  • Although Ethereum's price is not currently in the limelight, the underlying trends in staking and long-term holding could shape its future.
  • Key takeaways include the substantial ETH locked in staking, whale-driven staking activity, regulatory improvements, price fluctuations, and continued belief in Ethereum's potential.

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TronWeekly

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Avalanche Breaks Key Pattern: Can AVAX Rally from $17.29 to $20 in June 2025?

  • Avalanche (AVAX) is currently trading at $17.29, down 4.33% today and 10.30% weekly.
  • A technical breakout from a falling wedge pattern suggests a potential price recovery towards $20.
  • Price forecasts for 2025 range from $19.16 to as high as $146.22, indicating uncertainty.
  • The recent surge in AVAX's price is noteworthy despite being below its all-time high.
  • AVAX broke out of a falling wedge pattern, signaling a possible bullish reversal.
  • Analysts are watching for AVAX to maintain strength after the breakout.
  • If AVAX can turn the resistance level into support, it may move towards $19.80 to $20.50.
  • Successfully breaking out could indicate a trend change and potential profits for traders.
  • Price predictions for AVAX in 2025 vary widely, showing market uncertainty.
  • Forecast models range from Avalanche reaching $44.73 to settling around $19 by 2025.
  • Changelly provides a more conservative estimate, predicting AVAX to surpass $19 in 2025 with a 5.1% ROI.
  • The fluctuation in price forecasts for AVAX adds to the market unpredictability.
  • Traders are keeping a close eye on AVAX's performance for potential trading opportunities.
  • AVAX's ability to hold above key levels will be crucial for its price trajectory.
  • The breakout from the falling wedge pattern signifies a possible bullish momentum for AVAX.
  • The divergence in price predictions highlights the challenges in forecasting AVAX's future performance.

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Coindoo

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Pi Network Surges Past 13M Mainnet Users in First 100 Days

  • Pi Network surpasses 13 million mainnet users in its first 100 days, following six years of development.
  • The Open Network launch enables connectivity between Pi and the broader blockchain landscape, facilitating various use cases.
  • Pi Network Ventures introduces a $100 million fund to support startups emphasizing utility, accessibility, and real-world application.
  • FruityPi, a Pi-integrated fruit-matching game, highlights the ecosystem's entertainment applications.
  • PiFest demonstrated real-time Pi-based transactions with over 125,000 registered sellers and significant community engagement.
  • .pi Domains allow users to claim unique digital identities within the Pi ecosystem, with over 69,000 domains having active bids.
  • Enhancements to the Mainnet Ecosystem Interface include direct app submissions, improved user interface design, and Pi Ad Network expansion.
  • The network boasts 13 million+ users, 7.4 billion Pi migrated, and 400,000+ active nodes across Mainnet and testnets.
  • Security and accessibility updates include 2FA for Pi Wallet migrations and new wallet activation pathways.
  • The first 100 days set a strong foundation for Pi Network's global adoption and utility-based crypto ecosystem.
  • Future focuses include expanding use cases, enhancing security, and increasing network participation.

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Coindoo

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Crypto Markets React Cautiously to Fed Pause as U.S. Policy Takes Center Stage

  • Federal Reserve decisions and Congressional actions are heavily impacting digital asset markets.
  • Federal Reserve Chair confirmed interest rate stay, signaling a wait-and-see approach on inflation.
  • Crypto markets reacted calmly to the expected rate decision, with stable Bitcoin and Ethereum prices.
  • Lack of dovish language left some traders wanting more in terms of future rate cut signals.
  • Altcoins like Solana and Tron are more reactive to macroeconomic shifts compared to BTC and ETH.
  • Altcoins might benefit from any future dovish policy changes, especially if inflation reduces.
  • Investors are currently in a 'Sell the Rumor, Buy the News' mentality according to Santiment.
  • Powell's neutral stance led to no sell-off, but traders remain vigilant for signs of Fed policy shifts.
  • Market fatigue could set in if monetary tightening continues without a clear exit strategy.
  • A credible indication of future rate cuts could spark a rally in risk-on assets in the crypto space.

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Coindoo

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Solana: Why The Price Is Dropping Today?

  • The drop in Solana's price today is attributed to broader weakness in altcoins due to geopolitical tensions and technical signals converging to impact price action.
  • Geopolitical tensions, particularly related to Israel-Iran conflict, triggered a market-wide selloff leading to a $240 billion drop in total crypto market capitalization in a single day.
  • Solana mirrored the overall decline, with $503 million in total crypto liquidations, including significant liquidations from Ethereum.
  • Historically, altcoins like Solana usually underperform during geopolitical crises as investors seek stability in assets like Bitcoin or exit risk markets entirely.
  • Technically, Solana faced resistance at the $147–$155 range, failed to reclaim its 50-day SMA, and encountered a key resistance level at $147.38, leading to a breakdown with bearish momentum confirmed by indicators.
  • The next support level to watch for Solana is the June 20 swing low at $136.51, with a potential further decline towards $130 if this level is breached.
  • Solana's drop is also indicative of broader altcoin weakness as Bitcoin dominance has increased to 64.24%, and the Altcoin Season Index signals a shift towards 'Bitcoin Season.'
  • Despite positive news such as Solana's involvement in Wyoming's WYST stablecoin project, macro factors continue to drive market sentiment, with Solana's correlation to Bitcoin at 0.89, making it susceptible to Bitcoin-led movements.
  • In conclusion, Solana's price decline today can be attributed to geopolitical unrest, bearish technical indicators, and a market rotation favoring Bitcoin over altcoins, suggesting further downside risks unless sentiment and technicals improve.

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TronWeekly

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BONK Price Update: Why the $0.0000145 Zone Is Critical for a Bullish Rally

  • BONK cryptocurrency is currently trading at $0.00001375, down 2.36% today with a 46.15% surge in 24-hour volume.
  • Technical indicators suggest bullish momentum forming at a key support zone.
  • The current price stagnation indicates consolidation within a crucial technical zone that may influence the next price movement.
  • Analysts highlight a key support range between $0.0000140 and $0.0000145, deemed critical for potential reversals.
  • Momentum indicators show a shift towards a bullish stance, with the price aiming to reclaim the $0.0000154 level.
  • Potential upside price targets include $0.0000173 and $0.0000196, supported by a possible Elliott Wave pattern.
  • Long-term projections for BONK in 2025 vary, with predictions ranging from $0.000026 to $0.0000591 by the end of the year.
  • DigitalCoinPrice forecasts a potential high of $0.0000591, while Changelly offers a more conservative estimate of $0.000026-$0.000031 by 2025.
  • The current price consolidation, mixed forecasts, and technical indicators indicate uncertainty but potential for growth.
  • Price movement in BONK cryptocurrency remains volatile, presenting opportunities for gains or losses within short periods.
  • Investors are advised to monitor resistance levels for trend confirmation and assess market conditions before making decisions.

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TronWeekly

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Altcoin Bottom Near, Early Investors Could Earn Huge Profits: Analyst

  • Analysts suggest that when the altcoin index drops below 25, it signals a buying opportunity.
  • Intense fear in the altcoin market could precede a significant rally.
  • Historically, early investors in altcoins have seen returns of up to 10 times their initial investment.
  • Merlijn The Trader predicts a potential 'new altseason' as the Altcoin Index has fallen below 25, indicating a period of market fear.
  • Merlijn advises that sentiment at such low levels often presents the best buying opportunities.
  • A chart by Merlijn outlines buying zones when the Altcoin Index is below 25, suggesting potential for significant rallies post these lows.
  • There is also an upper zone for selling altcoins marked when the index rises above 75, indicating an overbought market.
  • Van de Poppe, another analyst, believes that the current market phase for altcoins is part of the natural cycle and anticipates significant gains ahead.
  • Van de Poppe stays unwavering in his belief that a major bull run for altcoins is imminent.
  • Both analysts imply that the current altcoin correction phase may signal the end of a downward trend.

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Bitcoinist

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TikTok Fires Back: No TRUMP Coin Buys, Despite Congressman’s Claims

  • TikTok refutes claims of Chinese owners buying $300 million worth of TRUMP memecoin, calling the allegation false and irresponsible.
  • US President Trump signed an executive order delaying TikTok ban or sale, possibly linked to political influence.
  • GD Culture Group, unrelated to ByteDance, announced purchasing Trump memecoin and Bitcoin, sparking confusion.
  • Congressman Brad Sherman criticized the alleged $300 million 'Trump Coin' purchase as a bribe and called for banning cryptocurrencies.
  • Online reactions were divided, with some doubting TikTok's denial and others criticizing Sherman's anti-crypto stance.
  • The incident intertwines politics, cryptocurrency, and social media with concerns about foreign influence.
  • The situation escalated quickly from an SEC filing and a congressional tweet to a larger controversy in the online space.

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