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Showing posts from March, 2024

Economist Peter Schiff’s warning to ‘ignorant’ young people preferring Bitcoin

Bitcoin (BTC) has evolved over the years, with the maiden cryptocurrency currently trading above the $70,000 mark in pursuit of another all-time high. Throughout Bitcoin’s journey, the cryptocurrency has been predominantly associated with young people , possibly due to its digital nature. Addressing this trend, economist and Bitcoin skeptic Peter Schiff has warned young people that their prefer ence for the digital asset over gold could have consequences in the future.  In a post on X (formerly Twitter) on March 31, Schiff suggested that Bitcoin’s popularity among young people stems mainly from “ignorance and lack of experience.”  Picks for you Claude Opus AI predicts Gold price for the end of 2024 42 mins ago Breakout signal: This is the crucial XRP price level to watch 2 hours ago AI builds the ideal crypto portfolio for April 2 hours ago Meet Rolante, a Brazilian city that is adopting Bitcoin 5 hours ago Notably, he...

Trader Nets Over 27,600% in Profit on a Memecoin Built on the Base Layer-2 Blockchain: Lookonchain

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A trader is seeing over 27,600% in profits after investing in a memecoin launched on the Ethereum (ETH) layer-2 scaling solution Base. According to blockchain tracking firm Lookonchain, one smart trader turned $18,000 into $5 million – a gain of 27,677% – after purchasing Degen (DEGEN) in January. “Only invested 7.35 ETH ($18,000) on DEGEN, this trader made ~$5 million, a gain of 272x! He spent 7.35 ETH ($18,000) to buy 260 million DEGEN on January 15th and January 21st. Then sold 102.5 million DEGEN for 1.26 million USDC, with 157.5 million DEGEN (3.75 million) left.” DEGEN, which has a market cap of $328.57 million, is trading for $0.0258 at time of writing, up 2.69% in the last 24 hours. Lookonchain also noticed that a deep-pocketed early Ethereum investor suddenly sold a massive amount of the top altcoin for huge profits. “An early holder of ETH sold 17,770 ETH for 62.24 million DAI at $3,503 [on March 27th]. He accumulated 14,280 ETH (cost $2.6 million) at...

Dogwifhat flips Pepe as WIF hits new ATH

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Dogwifhat (WIF) strengthened its position as the top Solana-based meme coin. With a 20% spike on Friday, the popular meme coin hit $4 to reach a new all-time high. This came after WIF price pushed past the previous all-time high reached in mid-March. Chart showing dogwifhat price. Source: TradingView The gains saw dogwifhat flip Pepe in market cap after it reached $4 billion. Pepe, which had weekly gains of just 6% compared to WIF’s 64%, had its market cap at around $3.3 billion at the time of writing. At current prices of $3.63, WIF is way up on its all-time low of $0.001555 in mid-December 2023. Dogecoin breaks above $0.2 Dogwifhat’s recent surge has it poised behind meme coin heavyweights Shiba Inu and Dogecoin. DOGE has had a decent run of its own, with Dogecoin price hitting highs of $0.22. The original dog-meme coin has jumped more than 120% in the past 30 days. This upside has come as bets on DOGE futures rose to a record $2.2 billion ami...

How High Can Dogecoin (DOGE) Surge This Weekend?

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As we approach the weekend, the focus of cryptocurrency enthusiasts and investors is squarely on Dogecoin (DOGE), the playful digital asset born out of internet culture. Its current price of $0.2038, marking a 16.4% increase in the day and a notable 34.6% surge over the week, as per CoinGecko, sets the stage for an intriguing weekend in the crypto markets. Source The journey of Dogecoin in the crypto markets has been a wild ride. Originating as a lighthearted parody cryptocurrency inspired by the iconic “Doge” meme, it has evolved into a symbol of community-driven digital currency, attracting attention from retail and institutional investors alike. Challenges and Resilience Despite its rise in popularity, DOGE has yet to surpass its previous peak price of $0.73, achieved during a significant period for cryptocurrencies in May. Nevertheless, Dogecoin has displayed resilience, evidenced by its year-to-date performance showing a substantial increase of 125.28%. As...

Big Time Generates over $100M in Revenue since Preseason

Austin, United States, March 28th, 2024, Chainwire Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token. “Success in Web3 gaming hinges on creating compelling experiences with a player-focused economy at its core,” said Ari Meilich, CEO of Big Time Studios Big Time combines the intense combat and dynamic gameplay of action RPGs like Diablo with the vast, explorative realms of MMOs like World of Warcraft. Players are time travelers, plucked from the dying embers of the cosmos to join the ultimate crusade for mankind’s survival. The fabric of reality is tearing apart, and the epochs of history are colliding. Players fight to preserve the human legacy, in all its beauty and folly. Players engage in hard-fought battles through proced...

XRP Price Enters Pre-Bull Rally Phase: Crypto Analyst Reveals Next Target

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The XRP price has largely left many of its enthusiasts feeling dissatisfied during this bull cycle, as it has failed to reach the $1 mark despite the bullish sentiment surrounding cryptocurrencies. However, crypto analyst EGRAG CRYPTO believes a $1 XRP price is still possible in this cycle, as he predicted a price surge in the near term. From this analyst’s technical perspective, recent price action has seen XRP forming a “W” pattern, making it ready for a massive push above $1. XRP Price Pattern Signals A Potential Massive Move XRP’s highest price so far this year is $0.718. The cryptocurrency now finds itself perambulating below the $0.65 price level and even falling to as low as $0.57 in the past seven days. This has prompted many investors and holders to feel frustrated and concerned about the poor price performance.  Related Reading: Crypto Outflows Reach New Record High, Will The Bitcoin Decline Continue? Despite this la...

Fidelity Files for Spot Ethereum ETF With Staking

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$4.5 trillion asset management firm Fidelity has filed an S-1 form for a Spot Ethereum ETF with staking included. Indeed, the official registration statement was filed Wednesday with the US Securities and Exchange Commission (SEC) for the hopeful Fidelity Ethereum Fund. The start of the year saw the SEC approve the very first Spot Bitcoin ETF in the United States, with which Fidelity was among the first 11 issuers. That decision has proved immensely successful for the digital asset market as a whole. Subseuqnlety, many have predicted an Ethereum offering would be a matter of time. JUST IN: $4.5 trillion asset manager Fidelity files S-1 form for Spot Ethereum ETF with staking included. pic.twitter.com/KHNTt02qld — Watcher.Guru (@WatcherGuru) March 27, 2024 Also Read: CFTC Calls Ethereum & Litecoin Commodities in KuCoin Lawsuit Fidelity Files for Spot Ethereum ETF The digital asset market received a massive shift with the arrival of Spot Bitcoin ETFs in...

AutoLayer partners with Renzo

AutoLayer partners with Renzo Protocol on Arbitrum. This integration marks a pivotal advancement in AutoLayer’s quest to offer users improved opportunities for liquid restaking and yield generation. Renzo presents an opportunity to engage with their Restaked Ethereum (ezETH) through the AutoLayer interface, enabling seamless restaking via the provided link . This initiative allows participants to accrue staking rewards, EigenLayer points, Renzo’s ezPoints, and AutoLayer points concurrently. Below is a brief overview outlining the scope of this integration: APY Calculation AutoLayer will generate Annual Percentage Yield (APY) by analyzing historical data, specifically utilizing daily data from Renzo to compute an accurate and transparent APY figure. Points Retrieval AutoLayer utilizes Renzo’s API to fetch protocol points, enabling users to track their ezPoints earned from investing in Renzo’s LRT. Proxy servers are deployed to safeguard AutoLayer’s IP from...

SEC Seeking $2 Billion in Fines From Ripple in XRP Case

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One of the most important legal battles for the digital asset market took an interesting turn Tuesday. Specifically, the US Securities and Exchange Commission (SEC) reportedly seeks $2 billion in fines from Ripple in the two sides’ ongoing XRP lawsuit. The specifics of the request are still sealed until Wednesday, following an agreement by both sides. However, Ripple CEO Brad Garlinghouse took to X (formerly Twitter) to share the imposed penalty the agency seeks. Garlinghouse promised to “expose the SEC” in Ripple’s response. Source – PYMNTS.com Also Read: Ripple: XRP Forecasted To Rise 15 Cents, Reach $ 0.79 SEC Asking New York Judge To Impose $2 Billion in Penalties to Ripple, Says CEO The remedies phase of the case began this week, with the details of the agency’s briefing set to go public on Wednesday. However, it has now come to light that the SEC is seeking $2 billion in fines from Ripple for the ongoing XRP case. The development wa...

DEVAI Price Prediction: 0XDEV Pumps 14%, But Experts Say This World-First AR/VR Crypto Might 100X After Launch

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The Devai price surged 14% in the last 24 hours to trade at $7.6711 as of 00:23 a.m. EST on trading volume that dropped 9% to $4 million. This comes after the team initiated a $1,304 buyback and burned 155 0XDEV tokens. The team is also set to continue with the project’s intensive marketing, which will likely push the token more into the market. DEVAI Buyback and Burn initiated 🔥 ⭐️ $1304 = 0.36 ETH ⭐️ Tokens burned today: 155 0xDEV ⭐️ Total tokens burned to date: 12,687 0xDEV 💲 Transaction buy: https://t.co/H3w5lAVIi1 🔥 Transaction burn: https://t.co/Enarp7RjvO https://t.co/uJSPv2v6QG pic.twitter.com/r7LV4m5tNx — Contract Dev AI (@ContractDevAi) March 25, 2024 Devai Price Bulls Set To Push The Price Higher Above The Symmetrical Triangle 0XDEVUSD Chart Analysis Source: Tradingview.com The Devai price has been on a tear in the past two months, recording a 268% increase in this time, and an all-time ...

VeChain: Analyst Identifies Pattern That Could Push VET To $1

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VeChain (VET) seems to be gaining momentum after facing a 9.6% correction in the 14-day charts. The asset is up by 4.2% in the daily charts and 1.9% in the weekly. Moreover, VET’s price has surged by nearly 86% since March 2023. Source: CoinGecko Also Read: Should You Buy VeChain (VET) During the Ongoing Bull Run? However, with Bitcoin’s (BTC) halving just around the corner, we may witness another market-wide rally soon. VeChain (VET) predicted to hit $1 Source – Facts.net According to crypto analyst EGRAG CRYPTO, VET displays a cloning pattern, which could take the asset to $1.6. The analyst states, ‘ I’ve applied the cloning technique to a previous cycle’s blue arrow pattern, and the current price action suggests that VET may be gearing up for some exciting moves. ‘ Hitting $1.6 from current levels would translate to a growth of almost 3710%. #VET Triple Bottom: Cloning Pattern ($1.6) I've applied the cloning techn...

Ondo Price Prediction: ONDO Surges 31% To A New ATH, But Experts Say This 2.0 Meme Coin Might 100X With Exchange Listings Imminent

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The Ondo price has surged 31% in the last 24 hours to trade at $0.9215 as of 12:50 a.m. EST on a 157% surge in trading volume to $397 million. ONDO also skyrocketed 90% in the past week to hit a new all-time high of $0.9474 on March 25. The ONDO token is essential for powering the Ondo DAO and Flux Finance, blending traditional finance with decentralized finance (DeFi) through the tokenization of securities. Its wide range of products and increasing collaborations within the blockchain community have helped boost its influence in the market. Ondo Price Consolidates, Forming A bullish Flag Pattern ONDOUSDT Analysis By Tradingview The ONDO price bulls have continued the price drive above the bullish flag pattern, reaching a new all-time high of $0.9471 Starting from the support level at around $0.40, it’s had a steady ascent as bulls gained strength, propelling the price towards the $0.82 resistance level.  Given Ondo’s price maintaining a consistent upward tra...

5 Best Cheap Crypto to Buy Now Under 1 Cent March 23

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Investors eagerly seek to leverage emerging bullish trends by delving into investment prospects within low-cost tokens. With the forthcoming bitcoin halving, identifying tokens priced under 1 cent could potentially position investors for substantial returns.  This article aims to compile a roster of affordable tokens exhibiting promise in the crypto market. It will cover each coin’s use cases, news, partnerships, and other factors fueling its rise. 5 Best Cheap Crypto to Buy Now Under 1 Cent Investors are excited to discover the next groundbreaking token, particularly those priced below 1 cent. As a result, tokens like Gala, XEC, and BONK have experienced a surge due to their accessible prices and potential market opportunities, capturing traders’ attention. Meanwhile, Bitcoin dropped 8% in the past week as volatility spiked to a one-year high. 1. Gala (GALA) GALA’s bounced back from a 50% retracement level at $0.0536 in a resurging move, indicating sustaine...