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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 ...

Avalanche (AVAX) has seen nearly $1 billion worth of value vanishing from its market cap on February 21. This happened in anticipation of Avalanche’s awaited token unlock and sell-offs, as reported by Finbold on February 17. In particular, Avalanche currently has a $13.52 million market cap against the $14,42 billion capitalization 24 hours ago. Meanwhile, the token trades at $36.77, with a 367.716 million AVAX circulating supply. In a few hours from the time of writing, vesting contracts will increase this supply by 9.54 million AVAX. Therefore, this creates massive selling pressure worth over $365 million. Picked for you XRP price forecast as mysterious whale bags $20 million XRP in minutes 1 hour ago This AI token in presale threatens to overthrow Chainlink’s dominance 2 hours ago Bitcoin price forecast: Brace for sub-$50k crash, $140 billion at Risk 3 hours ago Tron (TRX) price prediction amid USDC halting operations 4 hours ago Intere...

Newborn Nine is how the ETF expert Eric Balchunas calls 9 of the 10 recently approved Bitcoin ETFs. These are competitors of the pioneer Grayscale Bitcoin Trust (GBTC), experiencing a capital outflow partially distributed to the Newborn. Notably, GBTC has lost a total of $1.62 billion worth of spot Bitcoin shares in the first four days. In the meantime, the Newborn Nine had an inflow of $2.87 billion , resulting in a $1.24 billion net flow to Bitcoin ETFs after the historic approval on January 10. Eric Balchunas shared this data from Bloomberg on X (formerly Twitter) on January 18. In the post, Balchunas further explained inflows happen amid increased demand for ETF shares. This requires Authorized Participants (AP) to make more shares and purchase the corresponding amount of Bitcoin (BTC). Interestingly, BlackRock’s iShares Bitcoin Trust (IBIT) is the largest fund, excluding Grayscale, with $1.08 billion in total inflows. Fidelity’s FBTC holds the second position among the New...

On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system programmed within the XRP Ledger. On November 1 (Wednesday), the token unlock will happen again in three transactions of 100 million, 400 million, and 500 million XRP. Interestingly, November 2023’s unlock accrues for 1.86% of the current circulating supply of 53.56 billion XRP and part of the remaining 46.43 billion XRP tokens owned by Ripple that are still locked in escrows to be released monthly until April 2027. Three escrows will reach finality on the last minutes of October 31, held by two known crypto wallet addresses under Ripple’s control: Address “Ripple (22)” —  for an unlock of 100 million XRP, locked on September 03, 2019, with the transaction ID “7EF17…CDA6F”. Address “Ripple (22)” — for an unlock of 400 million XRP, locked on August 01, 2019, with the transaction ID “E0D06…DA8EA”. Address “Ripple (23)” — for an unlock of 500 million XRP, locked on September 03, 2019, with...

Three years into the bold ‘Bitcoin Initiative’ by MicroStrategy co-founder Michael Saylor, which has seen his company steadily purchasing Bitcoin (BTC) and currently ‘hodling’ close to 160,000 units, it looks like betting on Ethereum (ETH) instead would have been more profitable. In fact, if MicroStrategy had bought Ethereum instead of Bitcoin, the company would have been $2.5 billion in profit instead of around $400 million in a loss at press time, according to the Analysis by Bitcoin Rainbow Chart creator Holger Rohm, a.k.a. rohmeo.eth shared on October 9. On top of that, the cryptocurrency analyst pointed out that the company would have held 11% of staked Ethereum (if staked) and would have earned “way more from staking than their core business does,” according to the data retrieved from BlockchainCenter.net . MicroStrategy’s Bitcoin holdings. Source: romeo.eth/BlockchainCenter.net Indeed, as Finbold reported in late September, MicroStrategy was, at the time, recording $500 m...

Bitcoin proponents called it the start of another bull run, while a few other analysts believe it's a bear trap. The Bitcoin (BTC) price rose to a new six-month high of $24,800 on February 16, registering a double-digit surge of 15%.  The prolific single-day Bitcoin price surge took many by surprise, given February has been historically bearish for the top cryptocurrency. BTC price rose by $1,820 in a single day, making it the biggest green day for the top cryptocurrency in six months. One-Day Bitcoin price chart. Source: Tradingview Many people attributed the BTC price surge to a number of factors, including a rise in dollar value and declining inflation. On-chain data indicates the current price momentum can be traced back to a mysterious fund that started pouring money into the crypto market on Feb. 10. According to data shared by Lookonchain, nearly $1.6 billion in institutional funds have flowed into the crypto market over the past six days. The majority of the $1.6 billion...

The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus. The GameFi champion and metaverse developer Animoca Brands has a billion -dollar fund in its plans, according to a report from Nikkei Asia on Nov. 30. Animoca Brands’ co-founder Yat Siu said in an interview that the fund could potentially have up to $2 billion dollars to allot to mid to late-stage startups with a metaverse focus. The fund and the exact amount available to developers have yet to be finalized. Cointelegraph reached out to Animoca Brands for a comment, to which the company confirmed that the fund is “in the works.” According to the interview with Siu there will be no geographical restrictions for those to receive funding and the primary focus will be “everything on digital property rights." He also said the funds are intended to speak to a more mature developmental atmosphere in the Web3 - metaverse space, which allows investor...