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Sentiment in the crypto market continues to grow bearish. Sadly, June turned out to be a month with much subpar news from key players in the industry, particularly the German government. The fear that these players might release substantial volumes of BTC into the market has reduced the bullish sentiment across the board.  Conversely, specific market trends suggest that the crypto market is still a bull market overall. Market data on the top trending cryptocurrencies on Solana reveal many market participants. Hence, there is a high chance that the crypto market will see a significant rally in the coming months.  Top Trending Cryptos on Solana Chain   Furthermore, there’s been an increase in the number of presale projects taking advantage of emerging sectors in the cryptocurrency market. Mega Dice is an upcoming crypto project exploring the cryptocurrency casino sector. Today’s article briefly examines the DICE presale and other notable information about the...

A handful of developing countries are knocking on the BRICS door in 2024. After the expansion in 2023, newer countries are eager to join the bloc and be a part of the decision-making. The alliance is creating a path of its own by cutting ties with the US dollar and uplifting their local currencies and native economies. Also Read: BRICS Gold-Backed Currency to Launch at 2024 Summit? Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Local currencies could begin to strengthen and developing countries could be on the front seat of the global economy. This is the idea that’s attracting developing nations to join BRICS in 2024. Since the last month alone, two new countries have formally submitted their applications to join BRICS in 2024. The number of nations that are looking to join the alliance is only increasing after the expansion in 2023. The development shows that the bloc wields power and could challenge the US dollar’...

Crypto trader Duncan has explained why he is “extremely long” on Ethereum (ETH) despite the crypto token’s recent drop to around $3,400 . He emphasized the Spot Ethereum ETFs , which he believes could spark a significant rally for ETH. A ‘Significant Upside Repricing’ Could Be On The Horizon ForTHEEthereum Duncan mentioned in an X (formerly Twitter) post that he believes that the market is way too bearish at the moment and that there could be a “significant upside repricing” for Ethereum if the Spot Ethereum ETF inflows are “anything but horrible.” He further explained why he thinks the Spot Ethereum ETFs will be a huge success, contrary to what some might think.  Related Reading Telegram-Based Notcoin Burns 210 Million Tokens Amid Positive Recovery 1 day ago First, he noted that asset managers view the crypto ETF space as a “new fr...

Amid Bitcoin’s recent decline, savvy investors are turning their attention to altcoins like Thorchain and WW3 Shiba. Both have surged significantly, defying broader market trends and showcasing their potential. Thorchain’s innovative cross-chain trading capabilities and WW3 Shiba’s compelling P2E narrative, combined with strong community support, drive their impressive growth compared to Bitcoin’s stalling performance. Thorchain rebounds after dip, analysts bullish RUNE took a hit earlier this month, dropping a steep 40%. However, investors shouldn’t count RUNE out just yet. RUNE has managed to bounce, clawing back 5% in just one day. Looking ahead, analysts are optimistic about RUNE’s prospects due to rolling out new Features and a thriving crypto community backing the project relentlessly. As of this writ...

Meme coins have risen to prominence in the crypto sector since the beginning of the year, with community-driven tokens fueling a frenzy in the market. Early investors have seen substantial returns from this surge. While the sector has recently experienced relative stability, the upcoming Bitcoin Halving sparks renewed interest. Newly Released Meme Coin to Invest in Offering a unique multi-chain experience that aims to redefine cryptocurrency accessibility and interoperability, $DAWGZ is pushing boundaries in the crypto world. Draggy recently hit a new all-time high with a market capitalisation of $2.5 million, underscoring the growing interest and investment in the project. Brett is currently trading at $0.0001295 and has shown impressive growth, boasting a 24.85% price increase in the last 24 hours. With a 0% buy and sell tax, a burnt liquidity pool, and locked liquidity, the Coqfather stands firm and secure, providing a solid foundation for its holders. 1. Base Dawgz ($DAWGZ) Ba...

The world of cryptocurrency is vast and diverse, with numerous projects vying for attention and investment. Despite their differences, Avalanche (AVAX), Near Protocol (NEAR), and Alex The Doge (ALEX) share some common features that are driving their success. This article explores the similarities between these three tokens and offering insights into their unique attributes. Avalanche (AVAX): A High-Performance Blockchain Avalanche (AVAX) has garnered a reputation for its high throughput and low latency, making it a preferred choice for developers and enterprises. Launched by Ava Labs, Avalanche aims to provide a scalable solution for decentralized applications (dApps) and financial services. Its consensus protocol allows for thousands of transactions per second (TPS), significantly outpacing many other blockchains. Avalanche (AVAX)’s market performance has been impressive, with substantial growth since its inception. Despite recent market volatility, Avalanche continu...

Bitcoin (BTC) has experienced a sharp drop, triggering “buy the dip” chants over the crowd, as retail’s sentiment remains bullish. On Binance, three in every four traders have open long positions in the leading cryptocurrency, threatening a short-term long squeeze. Finbold retrieved Binance’s 24-hour long/short ratio data from CoinGlass , measuring unique accounts instead of volume. Notably, 76.69% of all Bitcoin traders on the leading crypto exchange had long positions by June 25. This represents a 3.29:4 ratio for this market alone. Binance represents over 50% of Bitcoin’s global trading volume. Bitcoin BTCUSDT Long/Short (Accounts). Source: CoinGlass However, there is a clear divergence between the number of unique accounts (users) and the volume deployed to these positions. The volume-based 24-hour long/short ratio shows a different scenario with $8.67 billion shorts over $8.58 billion longs. ...

Despite recent downturns in the cryptocurrency market, several digital assets show strong potential for significant growth in the coming months. As the global cryptocurrency market cap stands at $2.4 trillion with a 2.9% increase in the last 24 hours, certain cryptocurrencies present promising investment opportunities.  Finbold has identified two digital assets likely to reach a market cap of $50 billion by the end of July. XRP(XRP)  XRP  has been navigating through a challenging phase, particularly with its price consolidating below the $1 mark. Currently priced at $0.4771, XRP has faced resistance at the $0.4820 level, resulting in declines below $0.4750.  Picks for you Is Bitcoin volume dying out? Weekend trading hits rock bottom 1 hour ago ...

Coinbase as a firm forbids its employees from disc US sing Politics , but this restriction doesn’t apply to the firm itself, which makes a variety of political donation s. Coinbase’s efforts have included expanding its lobbying efforts as well as supporting political action committees like Fairshake.  However, Coinbase has also been donating to organizations formed under Section 527, including both the Republican Governors Association (RGA) and the Democratic Governors Association (DGA).  ProPublica’s 527 Explorer, which uses IRS reporting information, shows that Coinbase donated $50,000 each to the RGA and the DGA in March. This wasn’t the first donation to either organization to come from Coinbase, with the RGA also receiving $500 in December and $50,450 days before FTX declared bankruptcy in November 2022.  Crypto lobbyists are busy preparing for the 2024 election Read more: Binance invested heavily in lobbying before guilty plea Besides these cont...

Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it is highly likely that the “big money” is accumulating ETH, taking advantage of the recent correction. ETH CME futures open interest | Source: @Ashcryptoreal via X To reassert this outlook, the analyst said the trend observed from the Ethereum CME futures contracts’ open interest is a reliable telltale sign. Notably, this trend mirrors ...