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PRESI surged by over 20,000% in the past 24 hours.
2 months ago 1 min read

This new meme coin surges by over 20,000% in the past 24 hours

The value of Turbo Trump (PRESI), a novel meme coin, has experienced a substantial surge in the last 24 hours subsequent to its listing on SushiSwap using a Base blockchain-based token. The new meme coin increased by over 20,000% in the past 24 hours. It is anticipated that the coin is a “fan version” of the original Turbo Trump coin. According to its founders, the coin will increase Donald Trump’s popularity in anticipation of the impending presidential election. Nonetheless, its durability is questionable as a result of its inexperience and unprofessional staff. Notwithstanding this, the presale for the Green Bitcoin

Cathie Wood of ARK Invest has revised her forecast that the price of Bitcoin will exceed $1 million by 2030
2 months ago 1 min read

ARK Invest’s Cathie Wood says Bitcoin will exceed $1M before 2030 amid ETF surge

Cathie Wood of ARK Invest has revised her prediction that the price of Bitcoin will exceed $1 million by 2030, citing the introduction of spot ETFs in the US and the increase in its value. Furthermore, Wood maintains that the advent of spot ETFs has had a substantial impact on the potential of Bitcoin, prompting her to reassert her confidence in its forthcoming expansion. Note that the approval of spot ETFs by the SEC is considered a turning point that accelerates ARK’s projections. Additionally, Wood notes that major financial institutions have not yet begun trading Bitcoin, which implies that the

Shiba Inu (SHIB) meme coin has seen a huge spike in price and burn rate
2 months ago 1 min read

Shiba Inu surges by over 62% as burn rate increased by over 22,000% in just 24 hours

Shiba Inu (SHIB) meme coin has seen a huge spike in price and burn rate, resulting in a devoted group known as the Shiba Army. The jump is linked to over 22,432% increase in the burn rate over 24 hours, which sent 14 billion SHIB tokens to a “dead wallet,” essentially removing them from circulation. Furthermore, this drop in supply is seen as a trigger for long-term price rise, following the economic concept of scarcity driving demand. However, seasoned crypto veterans remain wary owing to the short period and volatility of the cryptocurrency industry. The quick price gain might indicate

BlackRock (IBIT) surpasses MicroStrategy in Bitcoin holdings
2 months ago 1 min read

BlackRock (IBIT) surpasses MicroStrategy in Bitcoin (BTC) holdings

BlackRock’s iShares Bitcoin Trust (IBIT) has seen a significant increase in its holdings, surpassing MicroStrategy’s Bitcoin (BTC) holdings by nearly 40 days. This week was the third-best week for IBIT, with 31,588 BTC added to BlackRock’s iShares Bitcoin Trust holdings. As a result, this puts the trust above MicroStrategy in Bitcoin’s rich list, which currently holds 193,000 BTC after its last purchase on February 26. Furthermore, MicroStrategy acquired its 193,000 BTC at an average price of $31,554, costing Michael Saylor’s company $6.09 billion. In addition, the formalization of BTC ETFs makes traditional finance more competitive in navigating the leading crypto’s

Bitcoin (BTC) has reached its all-time high
2 months ago 1 min read

Bitcoin soars past $70K: Will BTC hit $75K soon?

Bitcoin (BTC) has reached its all-time high, reaching $70,000, demonstrating market strength and gaining the attention of mainstream media and financial professionals. Scarcity, investment, and expectation are key reasons driving this spike. Over-the-Counter (OTC) trading desks are witnessing Bitcoin shortages, indicating rising demand for the digital commodity. The drop in BTC reserves stored on exchanges implies that investors are increasingly preferring to store assets in private wallets or safe storage options. Furthermore, exchange-Traded Funds (ETFs) are increasing buying pressure by acquiring an average of 4,000 Bitcoins every day, offering a regulated and accessible way for a larger spectrum of investors

Ethereum's (ETH) price has risen 4.92% in the past 24 hours to $4,003
2 months ago 0 mins read

Ethereum crosses $4K after surging by over 5%

Ethereum’s price has risen 4.92% in the past 24 hours to $4,003, with a 17.0% increase over the past week. The second-largest crypto by market cap has an all-time high is $4,878.26, which means the coin has a long way to go before hitting a new ATH. Additionally, the chart compares price movement and volatility over the past 24 hours and week, using Bollinger Bands to measure volatility. Furthermore, trading volume has fallen 0.0%, while the overall circulating supply has increased 0.25%, bringing the circulating supply to 120.11 million. ETH’s current market cap ranking is #2 at $479.62 billion. The

Polygon (MATIC) is gaining popularity owing to a huge rise in active addresses, a critical indicator that measures user involvement.
2 months ago 1 min read

MATIC’s active addresses increases by over 60% in the previous 30 days

Polygon (MATIC) is gaining popularity owing to a huge rise in active addresses, a critical indicator that measures user involvement. The number of MATIC’s active addresses has increased by over 60% in the previous 30 days, hitting 15,708 on March 3rd. Additionally, this shows an increasing interest in and acceptance of the Polygon Network. Historical data indicates a significant association between the increase of active addresses and MATIC’s price, with the rise frequently preceding a period of price stability or a prospective price increase. Recently, MATIC’s price has surged from $0.83 to $1.16, an over 38% gain, suggesting favorable sentiment

Over $11 million worth of XRP
2 months ago 1 min read

Over $11 million worth of XRP moved from Binance to an unknown wallet

Over $11 million worth of XRP, equal to 18.91 million coins, was moved from Binance to an unknown wallet, marking a huge shift in the crypto market. This follows a similar event in which around 18.34 million XRP, worth $11.2 million, was transferred from Binance exchange to an unknown wallet. Furthermore, these large-scale trades, dubbed “whale movements,” have attracted debate and research within the bitcoin community. These significant withdrawals often indicate purposeful movements by important participants in the market, such as XRP accumulation, in which wealthy investors increase their holdings in expectation of future price gains. The timing of these

Ethereum's total supply declines $250 million in the last week
2 months ago 2 mins read

Ethereum’s total supply declines $250 million in the last week

Ethereum‘s total supply has declined by 32,000 eth in the last week and 66,000 in the last 30 days, totaling more than $250 million. This has resulted in Ethereum exhibiting some momentum, with the ratio gaining on Bitcoin and reaching 0.058 BTC earlier today. Ethereum is still far from its all-time high, but a network upgrade next week will improve scalability for second layers by introducing prunable storage. Developers are considering decreasing issuance by lowering the staking payout to make it less appealing as it approaches 31 million eth locked in validators. The decline in supply occurs as base fees

Bitcoin exchange-traded funds (ETFs) witnessed a trading volume that broke all previous records
2 months ago 1 min read

Bitcoin ETFs trading volume soars but face a setback, hinting at market volatility

Last week, Bitcoin exchange-traded funds (ETFs) witnessed a trading volume that broke all previous records, which resulted in large investment flows. On the other hand, a decline took place at the end of the week, showing that net investments in a group of ten funds based in the United States turned negative. Although Grayscale Investments’ fund had significant withdrawals, BlackRock’s iShares Bitcoin ETF (IBIT) received approximately $203 million in investments. However, Grayscale Investments’ fund experienced a net withdrawal of $140 million. Although this was the case, the overall weekly influx continued to be strong, reaching almost $1.7 billion, making it

Binance exchange suspends Nigeria Naira (NGN) deposits
2 months ago 1 min read

Binance exchange suspends Nigeria Naira (NGN) deposits

Binance exchange has said it will leave the Nigerian market and stop all services that use the Nigerian naira (NGN), which is the country’s official currency. After March 8, the largest crypto exchange by trading volume will no longer let people withdraw NGN. Any leftover balances will be automatically converted to the stablecoin Tether (USDT). Furthermore, the exchange wants Nigerian users to make a smooth transition, so they have been telling them to withdraw their NGN, sell their NGN assets, or turn them into crypto before NGN services end. For the purpose of determining the conversion rate for NGN to

Binance exchange to list Dogwifhat (WIF) memecoin
2 months ago 1 min read

Binance exchange to list Dogwifhat (WIF) memecoin

Binance exchange has announced the listing of Dogwifhat (WIF), a Solana-based meme coin, starting on March 5, 2024. The token, represented by a dog wearing a knitted hat, has experienced over 2,750% price increase since its inception. According to the exchange announcement, Binance will enable spot trading for WIF across multiple trading pairs, including WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. However, the listing comes with a “Seed Tag” applied to it, showing its high volatility and risks compared to other listed tokens or coins on the exchance. The team said that all fees on the token are waived. However, Binance will

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