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Altcoins News
Coindoo
3w
387
Image Credit: Coindoo
SEI Breaks Out as Price Surges 13% on Wyoming Stablecoin News
- SEI's price surged 13% on news of Wyoming selecting Sei Network for its WYST stablecoin trial.
- Wyoming's Stable Token Commission chose Sei for its regulatory alignment and scalability.
- SEI broke out of a descending wedge pattern, signaling a potential 40%+ upside move.
- Open interest and trading volume for SEI surged, with bullish long/short ratios on Binance and OKX.
- Momentum indicators like RSI and MACD support further upside potential for SEI.
- Sei's network is experiencing growth, with daily active addresses up 78% quarter-over-quarter.
- Sei's 'Sei Giga' initiative for AI-agent payments is positioning the network at the forefront of blockchain-AI integration.
- Despite market volatility, Sei maintains $1.03 billion in total value locked.
- SEI is seen as poised for further gains if it holds above $0.19 and targets $0.30 resistance.
- Trader Michaël van de Poppe notes a trend reversal for SEI with potential for a move toward $0.30.
- The price spike on June 19 boosted investor confidence in SEI's institutional relevance.
- The stablecoin pilot is set to launch in July 2025 using LayerZero's cross-chain infrastructure.
- Short liquidations added fuel to SEI's breakout rally, with strong investor interest.
- SEI shows promising signs with strong technical breakout, regulatory support, and growing user activity.
- The article is posted on Coindoo, focusing on the surge in SEI's price due to Wyoming stablecoin news.
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99Bitcoins
3w
321
Is Litecoin ETF Decision About to Ignite LTC Price Rally of The Decade?
- The Litecoin ETF (LTC) is gaining attention in the market despite being seen as Bitcoin's less significant counterpart.
- Geopolitical tensions in the Middle East affected many cryptocurrencies, but Litecoin managed to close at $84.88 with a 1.6% gain.
- Litecoin displayed resilience amidst uncertainty, reaching near the $85.60 resistance level while other altcoins struggled.
- Predictive platform Polymarket suggests a 76% chance of a spot Litecoin ETF approval by 2025.
- DRML Miner introduced a sustainable Litecoin mining initiative to address rising mining costs and complexity.
- DRML's features include regulatory compliance, sustainable mining practices, and accessibility for retail investors.
- Interest in altcoin ETFs, including Litecoin, is growing among institutional investors, potentially expanding Litecoin's market reach.
- DRML Miner highlighted the ease of participation in transitions at scale through cloud mining and the focus on green technology.
- The speculation around a potential Litecoin ETF approval by the U.S. SEC is a significant narrative for Litecoin in 2025.
- The post speculates on whether the Litecoin ETF decision could spark a substantial price rally for LTC.
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Coindoo
3w
312
Image Credit: Coindoo
Economist Peter Schiff Questions Dollar-Backed Stablecoins
- Economist Peter Schiff questions the use of U.S. dollar-backed stablecoins in a recent social media post.
- Schiff prefers digital assets backed by gold over fiat currency reserves for stability and intrinsic value.
- He highlights the liquidity and value propositions of gold-backed tokens like Tether Gold and Paxos Gold.
- This reflects a shift in financial perspectives towards assets perceived as having lasting value.
- Schiff's critique comes amid evolving global regulatory frameworks for stablecoins, raising questions about secure backing.
- His views may spark further debate on the role of gold and stablecoins in the digital economy.
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Coindoo
3w
127
Image Credit: Coindoo
XRP Price Prediction Targets $42 as Technical and Legal Catalysts Align
- Chartist Egrag Crypto predicts XRP could reach $42 based on a historical breakout signal called the “White Circle” pattern.
- Improved regulatory clarity for XRP and a joint request by Ripple and the SEC to lift institutional sales restrictions by August 15 could boost institutional involvement.
- There is a 90% chance of U.S. approval for an XRP ETF, increasing investor optimism and hinting at mainstream financial integration for XRP.
- XRP has shown resilience with modest 24-hour gains of 0.6% and rebounding from the $2.16 pivot level multiple times, indicating potential for a breakout attempt.
- Crowd speculation on XRP's future includes targets of $11.50, $27, and $42, supported by technical analysis and historical market cycles.
- More than 75% of XRP supply is held by long-term holders, and decreasing withdrawals from exchanges suggest heightened volatility ahead.
- The news discusses the potential for XRP to make significant price moves, although certainty about reaching the predicted targets remains uncertain.
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99Bitcoins
3w
238
What Are Decentralized Token Folios? RSR Crypto Burn Could Trigger Reserve Protocol Price Blast
- Decentralized token folios (DTFs) are bundles of crypto assets that offer crypto diversification.
- The Reserve Protocol, powered by RSR, uses tokenized portfolios for diversification based on assets' price and size.
- A recent 1.28 million RSR burn event has generated bullish sentiment on its impact on the Reserve Protocol's price and future.
- The burn events aim to reduce RSR's supply, increase its value, and are scheduled to occur monthly.
- Two types of DTFs are available: Yield DTFs for generating returns through lending or staking, and Index DTFs for investing across crypto trends.
- RSR, the native token, functions as collateral for stablecoins and has governance utility. RSR stakers participate in protocol decisions.
- RSR's current price is $0.0065, up by 4%, coinciding with the scheduled crypto burn.
- The Reserve Protocol includes safety nets to handle collateral defaults, involving RSR stakers covering losses to safeguard DTF holders.
- The ecosystem maintains balance through mechanisms like Dutch auctions with price drops to manage sales and prevent manipulation.
- RSR holders can influence basket changes or upgrades, with fees funding burns and promoting ecosystem growth.
- The effects of the ongoing burns on RSR's price are yet to be fully realized, but the reduction in token supply may strengthen RSR's position.
- RSR's next burn event is scheduled for today, June 20, with potential effects on the token's price.
- The post emphasizes the significance of the Reserve Protocol in the crypto space.
- The RSR price previously peaked at $0.026, and the burns could impact its price positively.
- RSR's utility extends beyond governance to ecosystem growth, driven by the burns and token holders' influence on the protocol.
- The impact of the burn events on RSR's value remains to be seen, with expectations for a positive effect on the token's positioning.
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99Bitcoins
3w
436
TRX Price Targets Breakout to $0.4: Analysts Sound Alarm on Major Bounce
- TRX price is showing strength near a crucial level, signaling a potential breakout.
- An on-chain indicator suggests strong buyer interest in the $0.26–$0.27 range amidst Tron's IPO plans.
- SRM Entertainment rebrands to Tron Inc., aiming to anchor $100M–$210M in TRX reserves with backing from private investors and Justin Sun.
- TRX's path to becoming a corporate reserve asset like Bitcoin is promising but faces challenges like centralization risks and ecosystem dependence.
- Over 14 billion TRX tokens were accumulated in the $0.26–$0.27 range, forming a significant demand zone.
- The current price at $0.2727 is just above crucial support, with a break below $0.2650 posing a bearish threat.
- A move above $0.3000 could target $0.3300 and potentially reach $0.40 in a bullish scenario.
- TRX's liquidity challenges, centralization risks, and reliance on Tron's ecosystem present hurdles for wider adoption.
- While the IPO narrative is positive, TRX's adoption compared to Bitcoin remains untested and volatile.
- Analysts warn of a potential breakout to $0.4 for TRX amidst strong accumulation and favorable price action.
- Price movement above $0.27 suggests minimal resistance, paving the way for further upside.
- Investors should monitor support levels around $0.26–$0.27 and beware of a breakdown below $0.2650.
- TRX's journey to mainstream adoption faces uncertainties despite positive developments and strong accumulation in a key price range.
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99Bitcoins
3w
127
Solana Gears Up For Wild Ride: Unpacking SOL USD Price Action In June
- Solana's price has not seen the expected increase despite being a topic of discussion recently.
- Matthew Dixon's analysis suggests considering both bullish and bearish scenarios for SOL USD.
- On the long-term Weekly timeframe, SOL is at resistance of the 2021 bull run top and may face support around $27.
- Looking at the 1W timeframe, SOL's bottom range is around $120 with potential downside below $100.
- Zooming in on the 1D timeframe, SOL shows a break of market structure and resistance at MA200.
- There are untested price areas below $100, and reclaiming MA200 is crucial for further upside.
- The market sentiment suggests SOL USD may move lower if MA200 is not regained.
- The article discusses both bullish and bearish scenarios for Solana's price action in June.
- The SOL token has experienced significant gains in late 2023 and 2024.
- The article provides insights on support levels and potential price directions for Solana.
- The 99Bitcoins article offers detailed analysis and market updates on Solana's price movement.
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TronWeekly
3w
57
Image Credit: TronWeekly
VeChain (VET) on Edge: Will $0.02 Hold or Lead to a Steep Decline?
- VeChain (VET) struggles to hold $0.02 support, potentially facing a decline towards $0.017 amidst global uncertainty.
- Failure to stay above $0.02 could signal a halt to VeChain's recent bullish momentum and potential recovery.
- Bearish sentiment prevails as VeChain's price sees resistance and hints at further downturn.
- VeChain is currently testing the crucial $0.02 level, with a risk of dropping to $0.017 after a significant retracement.
- Market observers are monitoring VeChain closely amid global tensions to assess potential market turnaround or further decline.
- A break below $0.02 could jeopardize the bullish scenario for VeChain, while a breakout above the downward trendline might spark a revival.
- VeChain's price, after hitting a high of $0.022100, is now at $0.021700, with indicators like MACD and RSI signaling increasing bearish sentiment.
- Fibonacci retracement suggests $0.017 as the next support level if $0.02 fails, with $0.024 resistance potentially triggering a reversal to $0.031.
- VET's derivatives market shows a bearish dominance, as liquidations from long positions exceed those from shorts, hinting at the prevailing negative sentiment.
- The future direction of VeChain hinges on the response at $0.02 support, with traders eyeing either a bounce at $0.017 or a breakout above $0.024 for trend reversal.
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TheNewsCrypto
3w
414
SEI Price Surges 10%, Are Bulls Finally Preparing for Epic Bounce?
- SEI price has surged by 10% in the last 24 hours with increased trading volume.
- Despite the recent surge, SEI has dropped over 82% from its November 2024 high of $0.74, currently trading around $0.20.
- The altcoin is facing strong bearish pressure as it trades close to critical support levels at $0.1299, showing a long-term downtrend.
- SEI remains below the 50-day EMA of $0.2622 and the 200-day EMA, indicating a prevailing bearish trend.
- With a price of $0.2003 and a 10% intraday surge, SEI is showing signs of buyer interest at current levels.
- The RSI is neutral at 53.23 and the MACD suggests potential short-term stabilization with a bullish crossover observed.
- Social sentiment indicators are mixed, reflecting recent negative sentiment but alternating between positive and negative readings.
- SEI is testing crucial support at $0.12-$0.16, with a potential breach leading to further losses towards $0.10.
- Traders are advised to adopt a wait-and-see approach, monitoring a break below support for short positions or a reclaim of $0.20 for long positions.
- The long consolidation phase implies a significant market shift may be on the horizon for SEI.
- The article includes highlighted crypto news about Bitcoin Cash price momentum building.
- SEI's price recovery and potential shift in market sentiment are key points highlighted in the article.
- The article suggests potential opportunities for traders based on support levels and price movements in SEI.
- Technical indicators like RSI, MACD, and social sentiment are discussed to assess SEI's current market sentiment.
- SEI's price action and challenges, including resistance levels and support areas, are analyzed in the article.
- The content provides insights into SEI's recent price movements, trading volumes, and potential future trends.
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TheNewsCrypto
3w
8
Bitcoin Cash Price Momentum Builds, Will Continued Buying Pressure Push BCH to New Highs?
- Bitcoin Cash (BCH) experienced a 5% surge, reaching $491, with a significant increase in daily trading volume.
- The broader crypto market has been fluctuating between red and green charts, with Bitcoin and Ethereum trading around $104K and $2.5K respectively.
- Bitcoin Cash broke through critical resistance levels between $459.55 and $498.47, hitting a daily high of $500.11 before settling around $491.31, marking a 5.93% increase.
- BCH's market cap stands at $9.76 billion, with a 94.97% surge in daily trading volume, reaching $764 million.
- The weekly price chart for Bitcoin Cash shows a 20.72% surge, with the asset's price moving from $405 to the current levels.
- A positive breakout for Bitcoin Cash could propel the price towards testing key resistance at $500, potentially leading to a golden cross formation aiming at $511.30.
- Failure to surmount key resistance may result in consolidation around $480, possibly triggering a decline if bears take control.
- Technical analysis reveals positive momentum for BCH, with the Moving Average Convergence Divergence indicating a bullish phase and the Chaikin Money Flow suggesting mild buying pressure.
- Bitcoin Cash's daily RSI stands at 64.16, hinting at strength and a potential move towards overbought conditions, while the Bull Bear Power value of 27 indicates bullish dominance.
- The article covers the positive price action and technical analysis for Bitcoin Cash amidst the fluctuations in the broader crypto market.
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Bitcoinist
3w
57
Image Credit: Bitcoinist
Trump Hails GENIUS Act As The Key To US Digital Asset Supremacy
- US President Donald Trump supports the Senate's stablecoin bill, calling it 'pure GENIUS' for US digital asset supremacy.
- Trump urges the House to swiftly pass the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.
- He emphasizes no delays or changes to the bill, wanting a 'clean' version approved quickly.
- House representatives have to decide whether to approve the Senate bill as is or include it in broader crypto regulations.
- Senator Bill Hagerty aims to get the GENIUS Act to Trump before July 4th, pushing for House approval without additional amendments.
- US faces global competition as other jurisdictions like the EU, Singapore, and Hong Kong work on their stablecoin frameworks.
- Industry experts suggest clear US rules could prevent stablecoin issuers from relocating abroad.
- Lobbyists emphasize the importance of federal clarity to ensure consistent regulations and consumer protection.
- There were tough negotiations in the Senate to pass the bill with enough support from both parties.
- Some in the House worry that a standalone vote on the stablecoin bill could delay addressing broader crypto issues.
- The GENIUS Act sets a deadline for the House to approve and get it to Trump's desk as soon as possible.
- Concerns exist that fragmented legislation could leave gaps in auditing reserves or protecting consumers.
- If the House introduces 'market structure' language, the bill might need further Senate review.
- Key Republicans in the House have shown support for similar measures but differences remain on reserve requirements and registration.
- The bill's sponsor aims for a quick approval process to maintain US leadership in digital assets.
- The stability of US rules potentially impacts stablecoin issuers' decisions to remain in the country.
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TronWeekly
3w
133
Image Credit: TronWeekly
Pi Network Rolls Out KYC Sync Feature Ahead of Pi2Day Launch
- Pi Network introduces a new KYC synchronization feature before the Pi2Day event to enhance accuracy and user experience.
- The feature allows users to sync their KYC status between PiApp and PiBrowser to resolve inconsistencies.
- Users faced issues with 2FA errors and wallet balance glitches, impacting their access and user experience.
- The Pi2Day event on June 28 is anticipated by the community for updates and ecosystem progress reviews.
- Pi Coin faced a 2.9% decrease in price despite growing anticipation for Pi2Day.
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Coindoo
3w
101
Image Credit: Coindoo
ChatGPT Explains How XRP Could Reach $135
- ChatGPT has presented hypothetical models suggesting how XRP could potentially reach $135 based on Ripple's partnerships with central banks and CBDC platform adoption.
- Four scenarios outlined by ChatGPT depict increasingly ambitious use cases for XRP in global finance, including becoming a standard for cross-border flows and a core settlement layer for G20 countries.
- In the most bullish case, termed "Global Monetary Layer," XRP could achieve a market cap of $8 trillion and a token price of $135.88 by serving as the backbone for CBDC corridors and private sector payments.
- The feasibility of these models relies on Ripple's expansion of its CBDC services, global adoption, and regulatory support in key markets like the U.S. and EU.
- Ripple has shown progress with active CBDC projects in countries like Bhutan, Palau, and Montenegro, as well as partnerships with numerous governments, as mentioned by Ripple CEO Brad Garlinghouse.
- The company introduced its CBDC platform in May 2023 and is emphasizing XRP's role at the center of digital asset infrastructure.
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TronWeekly
3w
317
Image Credit: TronWeekly
XRP Explosive Wedge Pattern and Whale Accumulation Signal Breakout to $3
- XRP is showing signs of a breakout as it consolidates in a bullish wedge pattern between $2.135 and $2.186.
- Analysts predict a potential surge given the technical strength and increased user activity.
- Whale accumulation is indicated by flat RSI and MACD indicators, with a support at $2.133 holding firm.
- The XRP Ledger wallet activity surged after the recent ETF launch, with active addresses increasing significantly.
- Legal developments, including the SEC case and ETF application decisions, play a crucial role in investor sentiment.
- Whales have been increasing their positions during the consolidation phase, indicating market confidence.
- XRP has outperformed rivals amid global economic tensions, showing resilience since its January peak.
- A breakout above the upper wedge trendline could propel XRP to the $3.00 to $3.40 range.
- Traders are monitoring for volume-backed confirmation before making significant positions.
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TronWeekly
3w
427
Image Credit: TronWeekly
Uniswap Eyes Explosive Breakout, Targets $15.96 After Resistance
- Uniswap's UNI token is up by 2.68% daily while down 3.51% weekly, trading at $7.57 with potential for a breakout to $15.96.
- Bullish momentum is indicated by the price holding above EMA 50, EMA 100, and EMA 200.
- A potential breakout setup is seen in the “cup and handle” pattern on the daily UNI chart.
- A breakout above the 0.786 Fibonacci level could trigger a rally towards the $15.96 target.
- UNI has a market cap of $4.76 billion with a 24-hour volume of $457.39 million.
- Technical traders are eyeing the short-term rebound for a significant move upward.
- The structure of a 'cup and handle' pattern on the daily chart suggests a bullish continuation.
- UNI's price levels are above key EMA levels, indicating market confidence.
- The 0.786 Fibonacci retracement level poses significant resistance in the bullish trades.
- Potential rally targets for UNI include $10.265, $12.020, $13.770, and $15.960.
- Analysts emphasize the need for volume confirmation to support the bullish setup.
- Volume confirmation could lead to a major rally surpassing $15 for Uniswap's UNI token.
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