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TronWeekly
4w
226
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Chromia (CHR) Gears Up for Breakout as Price Eyes $0.15 Target
- Chromia (CHR) is trading at $0.0835, up 4.51%, consolidating above key support at $0.08.
- A descending triangle is forming, with breakout potential above $0.10–$0.11.
- Successful breakout could target $0.13 to $0.15 in the short term.
- Failure to break resistance may lead to a retest of $0.075–$0.07 support.
- Technical indicators suggest CHR may aim for higher targets in the $0.13–$0.15 zone if it breaks out above resistance.
- The Relative Strength Index (RSI) remains neutral, indicating room for movement in either direction.
- A breakout will need confirmation through increased volume and momentum for reliability.
- Failure to break resistance may result in CHR retesting the $0.075–$0.07 support level.
- CHR is in a critical phase near long-term support within a descending triangle pattern.
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99Bitcoins
4w
297
Aave v4 Details: Aave Is King of DeFi, Is $650 Inevitable?
- Aave v4 upgrade could strengthen the DeFi protocol's position in the market by enhancing protocol efficiency and potentially impacting AAVE prices.
- Aave currently manages over $26 billion in assets across 18 chains, primarily Ethereum, allowing token holders to borrow against assets and lenders to earn competitive interest.
- Aave introduced Aave v4, which focuses on scalability, modularity, and liquidity in the DeFi ecosystem, with features like Unified Liquidity Layer and dynamic interest rates using Chainlink Oracle data.
- The upgrade also includes improvements to GHO stablecoin and anti-GHO mechanisms to attract more users, including investors in meme coin ICOs.
- The Aave ecosystem involves a stablecoin, GHO, and governance token AAVE, which is considered among the best cryptos to buy.
- Aave's recent releases of the anti-GHO mechanism and Umbrella Safety Module (USM) aim to make the platform more resilient and manage risks effectively.
- With potential price targets signaling a bullish trend, AAVE could surpass $650 if key resistance levels are breached, spurred by Aave v4 enhancements.
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TheNewsCrypto
4w
212
Uniswap (UNI) Price Eyes $10 Mark Amid TVL and User Activity Surge
- Uniswap's TVL surged from $3.28 billion to $5.13 billion since April, with monthly active users doubling to 22.3 million, signaling increased confidence in the platform.
- UNI token rose 7% to $7.67 with daily trading volume up 70%, indicating strong buying momentum after a period of bearish pressure.
- Uniswap is showing signs of recovery as bulls make a comeback, potentially exiting a long-term downtrend, supported by technical indicators and on-chain data.
- On-chain data reveals Uniswap's improved metrics, with increased TVL suggesting growing user sentiment and confidence in the platform.
- Monthly active users on Uniswap surged to 22.3 million from 11.7 million in April, with enhanced engagement on social media platforms reflecting rising social sentiment.
- UNI is currently trading at $7.67 with a 7% gain, accompanied by a 70% spike in daily trading volume, demonstrating a bullish trend.
- Technical indicators like the Supertrend turning bullish and the RSI momentum building in favor of buyers suggest a potential turnaround for UNI price towards the $10 mark.
- A break above the 200-day EMA could lead to further gains for UNI, supported by increasing trading volumes and bullish divergence in the MACD histogram.
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Coindoo
4w
304
Image Credit: Coindoo
Canada Approves First Spot XRP ETF, Launching June 18 on TSX
- Canada has approved its first spot XRP ETF, which will start trading on the Toronto Stock Exchange (TSX) on June 18, 2025, providing regulated access to Ripple's digital asset.
- The Purpose XRP ETF will have three variations for different investor needs: XRPP (CAD-hedged), XRPP.B (Unhedged CAD), and XRPP.U (USD-denominated), offering direct exposure to XRP without the need for managing private keys or wallets.
- The ETF is eligible for Canadian registered accounts, such as TFSAs and RRSPs, potentially providing tax advantages to investors.
- Purpose Investments views the approval as a testament to Canada's advancement in supporting institutional-grade crypto infrastructure.
- The XRP ETF is based on the XRP Ledger, known for its efficient and rapid cross-border settlement capabilities.
- Vlad Tasevski, Purpose's Chief Innovation Officer, sees the approval as a confirmation of Canada's development in establishing a regulated environment for digital assets.
- Purpose's XRP ETF launch follows previous Bitcoin and Ethereum ETF introductions, showcasing Canada's progressiveness in offering crypto-backed financial products.
- The approval reflects Canada's significant role in creating a regulated blockchain ecosystem.
- The Purpose XRP ETF opens up opportunities for investors to engage in XRP's price movements within a regulated framework.
- The ETF launch is part of a broader trend in Canada towards embracing digital asset investment products.
- The XRP ETF enhances the accessibility of XRP to a wider investor base.
- Canada continues to position itself as a leader in the digital asset space with the introduction of the XRP ETF.
- Investors can benefit from the ETF's structure that eliminates the need for directly handling private keys or wallets.
- The XRP ETF launch on TSX reflects the growing acceptance of digital assets in traditional financial markets.
- The ETF's availability in different formats caters to diverse investor preferences and needs.
- Canada's move to approve the XRP ETF reinforces its reputation as a progressive jurisdiction for crypto-related financial products.
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TronWeekly
4w
268
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XRP Aims for $4.80 Breakout With $8 Target in Sight After Latest Surge
- XRP has surged by 2.76% to reach $2.23, eyeing breakout targets at $4.80 and $8.
- There has been an increase in whale accumulation, with 2,700 wallets holding 1M+ XRP.
- XRP network activity has surged, with 295,000 daily active addresses fueling bullish momentum.
- Crypto traders are optimistic about XRP's potential breakout after weeks of sideways movement.
- XRP's price has climbed due to market strength and positive technical indicators.
- Analyst Javon Marks predicts a bullish phase for XRP, targeting $4.80 initially and potentially $8.00 long-term.
- Trader CW notes XRP's battle with a significant sell wall and targets $2.60 if resistance is breached.
- On-chain data reveals growing network engagement, with a notable increase in active addresses.
- Over 2,700 whale and shark wallets now hold at least one million XRP tokens each.
- Despite surpassing key resistance levels, opinions differ on XRP's ultimate cycle top.
- Analyst Egrag Crypto suggests XRP could reach between $10 and $27 before a significant correction.
- XRP is fluctuating between $2.00 and $2.65, with a potential breakout if it surpasses $2.65.
- A drop below $2.00 could shift momentum to the bears, targeting the next support near $1.61.
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Coinpedia
4w
310
Image Credit: Coinpedia
Can Pi Network Price Hit $1000?
- Pi Coin is currently trading at $0.5745, down 4.5% in the last 24 hours, with indicators pointing to weakness.
- The RSI is at 35, indicating Pi is nearing overbought territory.
- Pi has been trading sideways since May, down 20% in the past month, struggling below key support levels.
- The current support zone at $0.56 is crucial; a break could lead to a slide towards $0.40.
- Pi Network's demand has dropped, with daily volume dropping from $3 billion to just above $100 million.
- Over 337 million tokens are set to be unlocked in the next 30 days, adding selling pressure.
- Pi could take over 5 years to become a true global currency, lacking price stability and mass adoption.
- Analysts have varying predictions for Pi's future price; Dr. Altcoin predicts $314 in 5 years, Bitget suggests $500–$1,000+ by 2030.
- CoinDCX speculates Pi could reach $20–$50 by 2040 with exponential adoption.
- A $1,000 price for Pi in the future is possible but highly speculative, dependent on strong momentum and widespread utility.
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TheNewsCrypto
4w
119
With Trading Volume Soaring Over 200%, PENDLE Bulls Aim to Smash Through Resistance
- PENDLE has secured the top gainer spot in the crypto market with a 4.50% daily surge and a current trading price of $4.
- The daily trading volume for PENDLE has surged by over 200%.
- Bitcoin (BTC) is hovering around $107.3K, while Ethereum (ETH) is trading at $2.5K, amidst mixed signals in the crypto market.
- PENDLE broke through key resistance levels at $3.86 and $4.04 to reach a high of $4.15.
- The asset is currently trading at $4 with a market cap of $647 million.
- The weekly chart for PENDLE shows an 8.37% drop with high and low prices at $4.53 and $3.46, respectively.
- Technical analysis suggests bullish momentum building for PENDLE with the MACD line above zero and the CMF indicator showing strong buying pressure.
- If the upward momentum continues, PENDLE could retest the $4.10 resistance and aim for $4.28 as a crucial level.
- In case of bearish pressure, PENDLE might find support at $3.89, potentially forming a death cross below $3.80.
- The daily RSI for PENDLE is at 57.05, indicating a neutral to slightly bullish stance in the market.
- The Bull Bears Power (BBP) value for PENDLE stands at 0.266, suggesting mild bullish strength.
- Looming resistance levels and support zones set the stage for potential price movements in PENDLE.
- Highlighted news: Tornado Cash Co-Founder receives backing from Paradigm in a legal battle.
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Coindoo
4w
13
Image Credit: Coindoo
JPMorgan Files Trademark for ‘JPMD’ Blockchain Asset, Fueling Stablecoin Speculation
- JPMorgan recently filed a trademark application for 'JPMD' with the U.S. Patent and Trademark Office.
- The application describes JPMD as a system for digital asset trading, transfers, payments, and blockchain-based fund services.
- The trademark request covers various financial services like digital trading platforms, brokerage services for digital assets, and blockchain-based clearing and settlement.
- JPMorgan's filing hints at debt settlement and brokerage using blockchain technology.
- While the term 'stablecoin' is not mentioned in the filing, JPMD's functions resemble those associated with stable digital currencies.
- Market speculations see JPMD as an extension of JPMorgan's JPM Coin initiative or a potential public-facing stablecoin.
- If confirmed, JPMD could signify a significant advancement in the race among financial institutions to launch tokenized payment solutions.
- The trademark application is yet to be assigned to an examiner, and JPMorgan has not made any official statements regarding the filing.
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TronWeekly
4w
128
Image Credit: TronWeekly
TRON (TRX) Breaks Out with Force: Eyes Set on $0.30–$0.42 Range
- TRON (TRX) is trading at $0.2796 with a 2.58% daily gain, reaching its highest level in months.
- A breakout from the $0.26 resistance confirms a trend reversal supported by strong volume.
- Price targets are set between $0.30 and $0.42, backed by a bullish falling wedge pattern.
- Key support levels to monitor are $0.26 and $0.24 in case of a pullback.
- TRX had been consolidating between $0.22 and $0.26 from January to April 2025, forming a solid base.
- The breakout above the key $0.26 resistance in early May signaled a potential trend reversal, confirmed by increased volume.
- A bullish falling wedge pattern emerged in the technical analysis, indicating a potential upside target near $0.42.
- $0.30 is a significant resistance level to breach, with $0.26 and $0.24 acting as key support levels.
- The current price structure, growing volume, and strong support suggest a bullish outlook for TRX in the short term.
- Maintaining positions above key support levels will be crucial to challenging the $0.30 to $0.42 range.
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Coindoo
4w
270
Image Credit: Coindoo
AI Predicts Major Long-Term Growth for Cardano
- An AI model predicts significant long-term growth for Cardano, with steady yearly increases expected up to 2030 and beyond.
- 2025 price forecast ranges from $1.18 to $4.14, showing a promising outlook for the cryptocurrency.
- By 2030, Cardano is projected to reach an average price of $24.16, indicating a substantial increase from current levels.
- Telegaon's predictions show a bullish trend for Cardano, with prices expected to rise consistently in the coming years.
- The AI model factors in historical volatility, adoption trends, and blockchain fundamentals to deliver these forecasts.
- Despite being speculative and subject to market risks, the outlook reflects growing optimism about Cardano as a smart contract platform and Web3 infrastructure provider.
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TronWeekly
4w
394
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Purpose Investments Set to Launch Spot XRP ETF on Toronto Stock Exchange June 18
- Purpose Investments is set to launch a spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange under the ticker symbol XRPP on June 18.
- The new XRP ETF will provide Canadian investors with direct exposure to XRP in CAD-hedged and USD units, catering to registered accounts like TFSAs and RRSPs.
- Purpose's XRP ETF allows investors to hold actual XRP rather than derivatives, offering direct spot exposure to XRP, a first in North American markets.
- The launch of the XRP ETF by Purpose Investments reflects Canada's move towards providing secure access to digital assets and blockchain infrastructure.
- Vlad Tasevski, Chief Innovation Officer at Purpose Investments, emphasizes Canada's regulatory leadership in allowing secure digital asset access through traditional investment channels.
- The XRP ETF diversifies its offerings with CAD-hedged, CAD non-hedged, and US dollar units, catering to investors' preferences for gaining exposure to XRP.
- XRP's price surged nearly 7% after the announcement of the Purpose XRP ETF, reaching $2.32 within 24 hours.
- XRP, the fourth-largest cryptocurrency with a market capitalization of $136.5 billion, is widely used in global payments and is associated with Ripple.
- The approval of the XRPP ETF in Canada positions the country ahead of the U.S. in offering a spot XRP ETF, marking progress towards mainstream adoption of digital assets.
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Coindoo
4w
420
Image Credit: Coindoo
Cantor Fitzgerald Bets on Solana as Ethereum Rival in Treasury Strategy
- Investment bank Cantor Fitzgerald is betting on Solana as an Ethereum rival in treasury strategy, following a trend of companies positioning Solana as a strategic blockchain asset.
- Cantor analysts noted Solana's increasing developer activity outpacing Ethereum, suggesting companies see Solana's growth potential surpassing that of Ethereum despite its smaller market cap.
- Solana is preferred over Ethereum due to its network advantages like speed and throughput, making it more suitable for real-world transactions.
- Cantor Fitzgerald views Solana as essential digital finance infrastructure for transaction facilitation and marketplace operations within the digital economy.
- The bank believes companies holding Solana in their treasury are positioning themselves for a future where finance is conducted on-chain, with Solana's infrastructure supporting these operations more effectively than Ethereum.
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TronWeekly
4w
417
Image Credit: TronWeekly
XRP Price on the Rise: Can it Break $2.35 and Reach Its All-Time High?
- XRP's daily transactions have surged to over 295,000, signaling network activity growth and increased demand.
- Whale participation rises with 2,700+ wallets holding 1M+ XRP, reflecting market confidence.
- XRP is at a crucial resistance point with $2.35 as the next key level for potential growth.
- The surge in XRP addresses transacting daily, up from 35,000-40,000 over the past three months, reflects rising interest in the network.
- The number of whale wallets with 1M+ XRP has surpassed 2,700, contributing to price stability and network development.
- XRP is currently in a consolidation phase, still below fundamental resistances.
- XRP is trading at $2.31 with a 6.43% increase over the past day and a 182.43% rise in trading volume.
- XRP's market capitalization is $135.65 billion, and its dominance is nearly 4%, indicating increased market interest.
- XRP's 200-day EMA supports the current level around $2, with a bullish signal from the 50-day EMA crossing above 2.25.
- With RSI leaving oversold territory and buying pressure emerging, XRP may target $2.35 as the immediate resistance.
- Further resistance levels include $2.57 and $3, with ATH potential at $3.40, while support levels lie at $2.14, $2, or $1.94.
- The future of XRP depends on surpassing these resistance levels, with technical indicators suggesting growth prospects.
- Traders are advised to wait for clearer signals before making significant moves in the market.
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TronWeekly
4w
190
Image Credit: TronWeekly
Ethereum Consolidates Under $2,800: Is a $4,000 Rally on the Horizon?
- Ethereum is consolidating below the $2,800 resistance, with potential for a rally towards $4,000 or a pullback to $2,100.
- Trading volume for Ethereum surges by 84%, indicating increased demand and anticipation of significant price moves.
- Analysts suggest bullish moves in the Altcoin market cap, signaling a possible rally for Ethereum, but caution is advised.
- Ethereum is currently trading near $2,800, with speculation of a rally to $4,000 upon breaking this resistance.
- A breakout above $2,800 could lead to a substantial upward movement, while failure to break may result in a pullback to $2,100.
- The market is tight, and Ethereum's movements are closely monitored, with $2,100 seen as a key support level.
- Increased trading volume and open interest suggest traders positioning for significant price swings in Ethereum.
- Altcoin market cap signals a bullish move, with potential for a strong rally in Ethereum and other Altcoins.
- Analysts caution against overconfidence due to recent Ethereum consolidation, urging traders to wait for clear market direction.
- The future price of Ethereum hinges on breaking above $2,800 or facing further decline, as market activity points to increased volatility.
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TronWeekly
4w
0
Image Credit: TronWeekly
Tether Freezes $12.3M on Tron Amid Crypto Crime Crackdown
- Tether freezes $12.3 million worth of digital assets on the Tron blockchain, potentially due to AML or sanctions concerns.
- The enforcement is part of Tether's efforts to combat illicit activities in the crypto space, with active monitoring and freezing assets tied to high-risk transactions or criminal activity.
- Tether's asset-freezing authority is driven by the T3 Financial Crime Unit, responsible for freezing over $126 million in illicit crypto assets since late 2024.
- Tether aligns its policies with U.S. Treasury's OFAC, targeting digital wallets associated with sanctioned individuals and entities, including terrorism financing.
- In a similar move, Tether froze $27 million in USDT on the Russian-linked crypto exchange Garantex following EU sanctions against Russia.
- Tether has also taken action against cybercrime, blacklisting $374,000 in USDT tied to the North Korean Lazarus Group involved in laundering stolen crypto.
- Aside from enforcement, Tether acquired a 32% equity stake in a Canadian gold royalty firm, Elemental Altus Royalties, for $89.4 million USD, aiming to diversify its asset base.
- Tether's strategic investments in real-world assets like gold and Bitcoin demonstrate its vision of building a resilient digital economy anchored by tangible value.
- With the increasing regulatory scrutiny, Tether's approach combining financial crime prevention and asset diversification could set a precedent for stablecoin governance.
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