Author: Benjamin Lee
The XRP price is near its all-time high as altcoins see gains. XRP Ledger’s tokenized RWA grew 2,260% in six months, from $5 million to over $118 million. Other metrics and broader market developments add to the bullish outlook for XRP. Ripple’s XRP trades around $3.50 as it continues to hover near its all-time high, with price up 21% in the past week and over 66% in the past month. While the overall cryptocurrency bullish sentiment has helped, key network and ecosystem catalysts are emerging, including the XRP Ledger witnessing staggering growth in tokenized real-world assets (RWAs) over the past…
Venture capitalists are forming a new firm based on accumulating stablecoin-focused crypto project Ethena (ENA). Special purpose acquisition company TLGY Acquisition, announced early on Monday that it had entered into an agreement for a business combination with StablecoinX Assets. The two companies agreed to a roughly $360 million private investment in public equity (PIPE), including a $60 million investment from the Ethena Foundation itself, plus contributions from other high-profile investors in the space like Pantera Capital, Galaxy Digital, Wintermute and more. According to the press release, the VCs believe in “large-scale ENA accumulation” in order to provide shareholders exposure to…
Solana price is above $190, with intraday highs of $192 as bulls target the psychological $200 level. Analysts say SOL could explode above the $190 level amid current altcoin gains. Institutional interest in Solana continues amid investment product inflows. Solana (SOL) is trading above $190 on Monday, breaking higher to hit its highest level since February. This comes as SOL gained over 14% this past week and by more than 34% in the past month, buoyed by a rally for altcoins after the GENIUS Act became law. With on-chain activity and technical indicators bullish, analysts say a breakout above $190…
KAS price is up 10% in 24 hours as Kaspa mirrors other altcoins’ gains. The cryptocurrency is also surging after seeing a double-bottom bounce with support near $0.05. Bulls could breach resistance around $0.12 and target the $0.18-$0.20 supply zone. The Kaspa price has surged by 10% in the past 24 hours, reaching an intraday high of $0.105. Notably, this has added to weekly gains of over 18% as Kaspa rides the bullish momentum, with top cryptocurrencies Ethereum, XRP, and Solana seeing notable gains. BNB price has jumped to near its all-time high and could eye $1,000. As these top…
BNB price trades above $760, having touched intraday highs of $766. Having come just shy of a new all-time high, it’s possible bulls could target $1,000 next. Overall, altcoin market optimism will catalyse more gains. BNB, the native coin of the Binance ecosystem and BNB Chain, is on the cusp of a new all-time high as price hovers near $763 on Monday morning. This comes amid a robust uptick for altcoins, with Ethereum exploding to $3,800 and XRP eyeing $4.00. While BNB has only managed a modest 2%, price is retesting last week’s resistance level amid an increase of nearly…
Conflux price jumps more than 100% to lead top 100 coins by market cap as Ethereum eyes $4,000. An altcoin rally has buoyed top coins like XRP, Solana and BNB. News from a network conference in Shanghai, mainly that Conflux 3.0 is coming, has buoyed CFX bulls. Conflux (CFX) is trending as the top gainer in the 100 largest coins by market cap in the past 24 hours, with its price up an impressive 116%. CFX traded to highs of $0.24, a multi-month peak that has bulls eyeing a major breakout. This rally for the 81st-ranked altcoin comes amid a…
A crypto analyst known for his charts says that altcoins are flashing a very bullish signal that’s been five years in the making. In a post on the social media platform X, pseudonymous analyst TechDev shares with his 535,000 followers a TOTAL3 chart, which measures the entire market cap of crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. Using three-month candles, TechDev’s analysis suggests that TOTAL3 is currently breaking out of a massive ascending triangle that started forming in late 2020. “Macro altcoin expansion has triggered. Not seen since late 2020. But this one comes after a 4-year coil…the…
The world’s largest crypto exchange platform by trading volume is adding support and airdropping for Chainbase (C), an artificial intelligence (AI) altcoin that integrates blockchain interfaces. In a new announcement, Binance says that Chainbase will be the newest token added to the HODLer Airdrops program, which gives users awards based on their balance of BNB, the native asset of Binance. “Binance is excited to announce the 28th project on the HODLer Airdrops page – Chainbase (C). Chainbase is a Hyperdata Network for AI.” Binance also added the token to its other programs– such as Binance Simple Earn, “Buy Crypto”, Binance…
A brand-new Ethereum (ETH) ecosystem altcoin is skyrocketing after immediately securing listings on Binance and Coinbase. Caldera (ERA) is an application that allows the development of ETH-based layer-2 scaling solutions. The new ERA token launched on Thursday surged over 80% in just hours before continuing its rally to an all-time high of $2. ERA has given up some of its gains and is trading at $1.56 at time of writing. Coinbase listed the asset with an experimental label on Thursday. The top US crypto exchange uses the experimental label for tokens that pose certain risks, such as price swings and…
The chief executive of Bitcoin (BTC) financial services firm Fold is issuing a warning about altcoins, saying that the crypto king’s market dominance isn’t something that will backtrack. In a new interview with CNBC Television, Fold CEO Will Reeves says that the top crypto asset by market cap’s recent new all-time high was due to a combination of high institutional demand and low supply. “This is what happens when massive demand meets the finite supply of Bitcoin. And what we’re seeing right now is the supply shock in motion. So I’d certainly say what we are seeing is the fundamentals…