Two new XRP ETFs absorbed 80 million tokens on launch as the price formed a bullish flag after hitting resistance at $2.20. XRP’s newly launched exchange-traded funds (ETFs) absorbed nearly 80 million tokens on Nov. 24, sharply outperforming Solana’s recent ETF debut. The rapid inflows have pushed total assets under management (AUM) to $778 million, according…
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Bitcoin dominance has fallen to a six-month low while altcoin market cap jumped 50% since July, setting the stage for a potential September altseason, said Coinbase. Altcoins have seen significant growth recently, and current crypto market conditions suggest there could soon be a shift towards cryptocurrencies outside of Bitcoin, according to Coinbase. “We think current…
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The performance of the altcoins this week suggests “rapid derisking across the high-beta segments” of the crypto market. Altcoins’ failure to rally after Bitcoin’s recent drop to $112,000 has sparked debate about whether altcoin season is on the near-term horizon. Bitcoin briefly fell to $112,044 on Sunday, followed by a volatile few days before reaching $113,839…
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Telegram’s one billion users will be able to interact with Ethereum Virtual Machine (EVM) decentralized apps (DApps) directly within the messenger following the launch of the Tac mainnet on Tuesday. This new feature could boost DApp adoption and asset inflows into the TON network as it lowers the technical barrier to entry for mainstream users. Could Toncoin break…
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XRP retraced most of its recent “Trump pump” and data shows whales selling their positions. On March 2, XRP registered a massive rally of 34.15%. The price pump came after US President Donald Trump’s announcement that XRP would be included in a US strategic crypto reserve alongside Solana and Cardano. XRP 1-day chart. Source:TradingView However, the…
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A crypto trader says the altcoin total market cap needs to rise around 16% before “euphoria” sets in, and until then, the market could remain “choppy.” The altcoin total market capitalization must increase around 16% from its current level before the euphoric altcoin season begins; until then, volatility will continue, according to a crypto trader.…
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Solana-based memecoin Fartcoin briefly exceeded a $1 billion market cap amid a downturn in the altcoin market. Solana-based memecoin Fartcoin gained 113% over the past 30 days to briefly surpass a market capitalization of $1 billion on Dec. 18 — despite most of the altcoin market suffering a double-digit slump over the day. Fartcoin —…
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