Tether (USDT), the leading stablecoin in the cryptocurrency market, has exhibited a stable trading price of $0.9995 USD, slightly below its 100-day moving average. Despite this slight drop, USDT maintains its value relative to fiat currencies, fulfilling its purpose as a stable store of value. Comparatively, USDT has fallen below  its 52-week low of $1.00 USD as today’s market corrects from recent gains. However, it remains below its 52-week high, indicating a range-bound trading pattern characteristic of stablecoins. With an average long-term technical score of 54, USDT reflects a neutral sentiment among investors, supported by its trading volume. Although…

Floki has witnessed  the market’s ups and downs over the past week. Floki recently encountered a significant downturn, shedding 38.09% in the past 7 days and  19.14% of its value in the last 24 hours to settle at a price of $0.0001674 as of writing today 19th March, 2024. This decline, while concerning, has not deterred the digital asset’s supporters, who remain steadfast in their belief in its potential. Floki Data Chart (Source: CoinMarketCap) Despite the setback, Floki’s considerable trading volume solidifies its position as a significant player in the cryptocurrency realm. With a market capitalization of over $1.5 billion,…

Solana surpasses BNB in the crypto market cap rankings and rises to the 4th rank During a period of cryptocurrency market decline starting from March 14, SOL has demonstrated remarkable resilience by achieving new highs. Today, it has surged above US$200, surpassing BNB in terms of market capitalization. Can SOL surpass Ethereum next? With SOL’s market capitalization at US$90 billion compared to ETH’s US$435 billion, a substantial 483% increase would be necessary for SOL to outpace ETH, assuming ETH’s price remains constant. Currently, with a circulating supply slightly exceeding 443 million tokens, SOL would need to reach US$982 to exceed…

Breaking News: Mehen CEO Announces USDM Stablecoin Retail Launch! Mehen Finance, a leading participant in the cryptocurrency industry, is nearing a critical milestone: the public launch of its fiat-backed stablecoin, USDM, on Cardano’s platform. This is a significant shift as USDM, which was previously solely available to institutional customers, prepares for a wider retail release in April. The Origins of USDM USDM’s journey began with Mehen Finance’s ambition of developing a stablecoin that not only met industry requirements but also included new features. USDM, unlike several stablecoins, has a unique system in place to prevent excessive minting. USDM guarantees real-time…

Ethereum’s Dencun upgrade forces Ether supply to stagnate, changing the crypto landscape The recent deployment of the highly anticipated Dencun upgrade on the Ethereum mainnet has been a monumental event, met with enthusiasm and relief from users. This upgrade signifies a crucial advancement in Ethereum’s scaling strategy, aiming to enhance the scalability of Layer-2 chains and introduce new possibilities for application development. Impact of Dencun on Ethereum’s Supply Dynamics The implementation of Dencun has already started to demonstrate its impact on the Ethereum network, particularly through a noticeable decrease in the total supply of ether. Reports from CryptoQuant indicate that…

SHIB Token Burn: Shiba Inu’s Plan to Create Scarcity and Manage Price Changes in the Crypto Market In the dynamic area of cryptocurrencies, Shiba Inu (SHIB) has emerged as a noteworthy participant, famous for its joke currency status and similarities to Dogecoin. SHIB has piqued the interest of many investors, thanks to its loyal support group. One of the primary factors fueling interest in SHIB is its token burning mechanism, which has important consequences for market dynamics. This essay delves into the notion of token burning, its application to SHIB, and the effect it has on the cryptocurrency market. Understanding…

Shiba Inu (SHIB) has captured significant attention within the cryptocurrency community, propelled by renewed confidence and bold predictions of achieving a $100 billion market cap. Renowned investor Jake Gagain’s assertion has sparked both enthusiasm and skepticism. Despite recent struggles in maintaining its price above the $0.000027 threshold, SHIB’s journey towards this milestone appears fueled by growing interest and strategic trading opportunities. Shiba Inu (SHIB) has captured considerable interest in recent trading sessions, experiencing noteworthy price swings and showing signs of potential bullish momentum. As per the most recent data, SHIB is valued at $0.00002788, reflecting a 6.60% rise over…

Ethereum is the second-largest cryptocurrency by market capitalization and has been on a remarkably bullish run since the beginning of 2024, hitting a new high of $4,093.88 last week, the highest price level it has recorded after the crypto market downturn since December 2021.  However, according to market data in CoinMarketCap, ETH closed the previous weekly candlestick at  $3,641.02, marking a massive 11.21% drop over the past seven days as of writing. ETH Data Chart (Source: CoinMarketCap) In the last 24 hours, ETH has gained 0.71%, currently trading at $3,605.23 as of writing. The market cap of Ethereum stands…

Bullish Momentum: Experts Predict Bitcoin to Reach $100K-$150K post-halving Bitcoin, the world’s leading cryptocurrency, has garnered significant attention from investors and analysts alike due to its potential for explosive growth. With the anticipation surrounding the upcoming Bitcoin Halving event in April 2024, experts are speculating that the cryptocurrency could surge to new heights, reaching values as high as $100,000 to $150,000. In this article, we delve into the factors contributing to this bullish forecast and analyze the potential impact on Bitcoin price trajectory. Demand Surge from Bitcoin Exchange-Traded Funds (ETFs): One of the key factors driving optimism for Bitcoin’s price…

Elon Musk is considering the idea of using Dogecoin for educational fees In a jovial exchange, Elon Musk once again captivated online audiences, this time by proposing a light-hearted concept for an educational institution that has sparked both curiosity and amusement. Event Recap: In a recent X Spaces session, Elon Musk engaged in a humorous dialogue with Professor Gad Saad, where they explored a playful idea for an educational project that has resonated with internet users. Social Media Circulation: The exchange was shared by a devoted Dogecoin supporter and cryptocurrency enthusiast known as the “Doge Whisperer” on X, previously known…