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The Trondog price skyrocketed 139% in the last 24 hours to trade at $0.003255 as of 10:36 p.m. EST on trading volume that rose 27% to $5.1 million. The playful pup born on the TRON blockchain has been fetching gains in the meme coin space despite the market being down 3% to a $40 billion market capitalization in the last 24 hours. Trondog Price Prediction: TRONDOG To Sustain Its Bullish Stance After its launch, the Trondog price encountered resistance at $0.002759, plunging back to the $0.000990 support zone. This support then allowed the bulls to stage a rebound, with the price of Trondog now in a markup phase. TRONDOG formed a rounding bottom pattern, which the bulls could aim to capitalize on to propel the token to new highs. TRONDOGUSD Chart Analysis (Source: GeckoTerminal ) The price of Trondog now trades above the 50 Simple Moving Average (SMA) on the hourly chart, which acts as a major support zone. TRONDOG being above the 50 SMA also shows that the meme coin is...

The Artificial Superintelligence Alliance price surged 10% in the last 24 hours to trade at $1.22 as of 09:49 p.m. EST on trading volume that rose 13% to $364 million, according to Coingecko .  After a successful merger between Fetch.ai, SingularityNET, and Ocean Protocol, the ASI project has seen a resurgence in interest, particularly in the wake of Nvidia’s strong quarterly earnings. Could the anticipation of Nvidia’s continued success further bolster FET’s performance? Artificial Superintelligence Alliance Price Prediction: FET Aims For A Continued Rally Since the beginning of August, the Artificial Superintelligence Alliance price has been in consolidation within the $0.89 range. However, the bulls have won the struggle in the last week, pushing the price to $1.46 before encountering resistance and correcting slightly, forming a rounding top pattern. The FET price then invalidated the pattern’s bearish prospects, soaring to the current price as the ...

Ripple’s XRP is gaining ground in crypto markets. This comes as 61 Japanese banks plan to use its technology for payment platforms. Interesting, right? These developments could push XRP towards $0.64. Let’s dive into the details. Scroll down to see more! Also Read: BRICS: US Faces ‘Dire’ Economic Path as GDP is Set to Plummet How Japanese Banks’ Adoption and Market Trends Could Propel XRP to $0.64 Japanese Banks Embrace Ripple Technology A group of 61 Japanese banks is building a new payment system using Ripple’s technology. Japan’s economy still relies heavily on cash; only 19% of transactions are digital. The new platform aims to change that, so we look forward to more developments. It will fully use XRP by 2025, which could boost XRP’s value. How much, you ask? Let’s explore the coin’s latest market performance. XRP’s Recent Market Performance XRP has shown some signs of strength lately. It fell 12% initially but then bounced back from $0.5557. Thi...

The majority of Shiba Inu investors are here for the long term, hoping that the token will deliver them life-changing gains. While some holders want SHIB to cross the $0.01 mark, others want it to go further and reach 5 Cents and beyond. Also Read: Shiba Inu: Shibarium Hits Major New Milestone: Will SHIB Reach $0.01? The faith in SHIB remains strong despite its price heading south in the last two years. Newer investors have taken entry positions in the token, and existing traders are accumulating the dips. SHIB has not lost buying pressure in the last two years, even after its price stagnated in the indices. The accumulation spree from investors cements its resistance level, helping its price avoid falling further in the charts. That’s why SHIB has not fallen to five zeroes even after trading close to the $0.00001 level. Now that SHIB is trading with four zeroes, when will it delete three zeroes and hit $0.01 and $0.05? In the article, we will explain when Shiba Inu could reach th...

The UK Financial Conduct Authority (FCA) has taken the equivalent of 25 years to process incoming crypto applications, according to a freedom of information request (FOI). It has also been reported that the number of crypto firms registering with the FCA has fallen by 51% in the past three years and that 186 have withdrawn their applications to the financial regulator. This has raised concerns about whether the lengthy timescales are forcing crypto asset firms to look elsewhere for a place to do business.   According to the Financial Times, the FOI submitted by the Law firm Reed Smith revealed that assessing a crypto application took the FCA an average of 459 days . The number of submitted applications dropped to 29 between May 2023 and April 2024, down from 42 and 59 in the two years prior. Only seven applications were made in the first quarter of 2024.  UK’s first crypto ATM charge claims phone shop owner laundered $400K Read more: FCA tackles ‘operational backlog’ with ...

Exploring Leading DeFi Protocols: Aave, Maker, and Compound! Decentralized Finance (DeFi) has revolutionized the financial landscape by offering open, transparent, and permissionless financial services. Among the myriad of DeFi protocols, Aave, Maker, and Compound stand out as pioneers, each contributing uniquely to the ecosystem. This article delves into the core functionalities, innovations, and impact of these leading protocols. Aave: The DeFi Lending Powerhouse Aave , launched in 2020 by Stani Kulechov, is a decentralized lending and borrowing platform that allows users to lend their assets to earn interest or borrow against their crypto holdings. Aave’s standout feature is its support for “flash loans,” which are uncollateralized loans that must be borrowed and repaid within a single Ethereum transaction. This innovation has opened up new possibilities in arbitrage, collateral swapping, and refinancing. The governance token AAVE in the Aave protocol allows holders...

India is stretching its arm towards ASEAN nations, embracing the collective bloc by forging strategic collaborations. Indian Prime Minister Narendra Modi is scheduled to embark on an ASEAN tour soon, which outlines how valuable the southeast is to India regarding mutual trade and commercial proceedings. Also Read: Investors Pivot To ASEAN Amid Weak US Data Assumptions Act East Policy: India-ASEAN’s United Front Source: George Chan / SOPA Images / LightRocket / Getty Images Modi’s Diplomatic Mission to Southeast Nations Modi’s visit to the Southeast Nations is a testament to their age-old cultural mechanisms and heritage. PM Modi will soon be visiting Singapore and Brunei Darussalam, two prominent ASEAN nations, in the quest to launch compelling new collaborations that may help benefit the nations involved. Strengthening Ties Through Act East Policy To foster this narrative, India launched the Act East Policy, an undertaking in which India would float crucial policies to strengthen its ...

After witnessing an unprecedented demand, raising upwards of $6 million, new P2E meme coin, PlayDoge ($PLAY) has finally entered the final hours of its presale campaign.  Developed on the Binance Smart Chain, PlayDoge has emerged as one of the most trending crypto topics since making an entry into the market, garnering significant attention from short and high-risk investors alike.  However, in an announcement on X, the PlayDoge team revealed that the meme coin will officially open for DEX trading on August 29, 2024, at 10am UTC. Token claims will also commence the same day.  While the community is buzzing with excitement over its imminent DEX launch, those yet to get in on the ground floor can take advantage of the limited time left to buy $PLAY at a discounted rate.  Is $PLAY up for an explosive IEO launch? What Makes PlayDoge A Unique Project? Thanks to its quirky lore and P2E appeal, PlayDoge is going viral as one of the most innovative meme coin ...

Xapo Bank and Hilbert Group will launch a Bitcoin-denominated hedge fund. The BTC fund will receive an initial investment of $200 million from Xapo and other investors. Xapo Bank is teaming up with Hilbert Group to launch a Bitcoin (BTC)-denominated hedge fund, according to a press release on Aug. 27. In the announcement, Hilbert Group said the strategic partnership will involve its asset management arm Hilbert Capital and see an initial investment of over $200 million from Xapo as well as other investors. “Over the last 12 months, we have developed a close and strategic partnership with Xapo Bank, a veteran in the Bitcoin space and a tier-one financial institution in the digital asset space,” Niclas Sandström, CEO of Hilbert Group, said. He added, “Given the investment opportunity and the quality and experience of the team, we anticipate that the Fund will grow meaningfully over the next year. Fund to offer exposure to Bitcoin The n...

The Bitcoin market and altcoins are experiencing some profit-taking today, though the overall upward trend remains intact. Bitcoin has rebounded strongly from its August low of $49,000. However, historical data suggests that the recovery might not continue through September. According to CoinGlass, Bitcoin has averaged a 4.78% decline in September since 2013. Over the past seven years, Bitcoin has seen a positive monthly return only in 2023. However, investor interest in Bitcoin-related exchange-traded products (ETPs) remains strong. CoinShares’ latest report indicates that Bitcoin-related ETPs attracted $543 million in inflows last week. Daily cryptocurrency market performance. Source:  Coin360 The Bitcoin market has largely been stuck inside the $55,724 to $73,777 range for several months, indicating a tough battle between the bulls and the bears for supremacy. The longer the time spent inside the range, the greater the force needed for the price to ...

The cryptocurrency market slightly recovered over the weekend, with Bitcoin (BTC) briefly reclaiming the $64,000 level. Other crypto assets followed BTC’s lead, with Ripple’s XRP rallying 5% in the weekly charts and 6% in the 14-day charts. The asset continues to glow red in the other time frames, falling 1.7% in the last 24 hours and 0.5% over the previous month. Also Read: Bitcoin Climbs 5% as Powell’s Remarks Ignite Crypto Market Market Resurgence and Its Causes Source: CoinGecko The latest market rally is likely due to Federal Reserve chair Jerome Powell’s announcement of interest rate cuts beginning in September 2024. Traders and investors had long anticipated a rate cut this year. Impact of Interest Rate Cuts Also Read: Shiba Inu Forecasted to Hit $0.005: Here’s When The drop in interest rates could boost investor confidence to invest in riskier assets, such as cryptocurrencies. Ripple’s XRP token seems to have benefitted from the Fed’s announcement. ...