W o r l d . C r y p t o . G l o b a l

Loading

Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.

Contact Info

CATEGORY: t price


Sep 28, 2024 12:05

Dogwifhat Rally Far From Over As Analysts Predicts 1,600% Jump

Shiba Inu Killer Dogwifhat (WIF) has rallied substantially since the middle of September. Notably, the meme coin has rallied by about 32% in the past seven days, allowing it to outperform many cryptocurrencies and meme coins. Notably, this rally has prompted many bullish forecasts for the cryptocurrency.  Dogwifhat Back In The Spotlight Dogwifhats rise to prominence began in early 2024, as the meme coin community embraced it as a Shiba Inu Killer. Dogwifhat, which started the year around $0.15, was shot into the spotlight in March and April as part of the craze surrounding Solana-based meme coins in the first half of 2024. This saw the meme coin surging by over 3,100% to peak at $4.84. Although the meme coin’s price has corrected since then, it continues to be popular among meme coin investors and is supported by a strong online community. Related Reading: Historical Trends Put Bitcoin At $400,000 With Shocking Timeline Dogwifhat has posted incredible gains in September and is currently up by 9.5% in the past 24 hours. Renowned crypto analyst Rekt Capital suggests that Dogwifhats recent breakout of its multi-month downtrend is just the beginning. According to him, this move is one of the first signals of a broader altcoin rally, which he forecasted in a previous analysis. Furthermore, the analyst noted that WIF is on the cusp of beginning a new macro uptrend. The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February. After that the price of $WIF gained 1600% over the course of 48 days. Looks like we’re about to find out if history does repeat itself. pic.twitter.com/MhvWjHA9SS Sito (@0xyusu) September 26, 2024 Adding to the positive sentiment, another crypto expert, Gumshoe, highlighted a key development in WIFs market activity. According to him, $35 million worth of Dogwifhat has been transferred from crypto exchange Binance into self-custody wallets in the past seven days. Such withdrawal transfers suggest growing investor confidence in holding WIF long-term. According to a WIFUSDT chart posted on social media platform X by another crypto trader going by the name Sito, WIF’s breakout has seen the crypto flipping the 4-hour 200-moving average. The last time this technical move occurred was back in February, and it led to a staggering 1,600% gain over 48 days. Sito speculated that if history were to repeat itself, Dogwifhat could once again experience a massive price surge, potentially reaching $25 in the coming weeks. The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February. After that the price of $WIF gained 1600% over the course of 48 days. Looks like we’re about to find out if history does repeat itself. pic.twitter.com/MhvWjHA9SS Sito (@0xyusu) September 26, 2024 Whats Next For Dogwifhat? At the time of writing, Dogwifhat (WIF) is trading at $2.4. Replicating a 1,600% jump might be more challenging this time around. Given the current price levels, it would require a much larger influx of capital to achieve such a dramatic increase in value compared to earlier this year. Related Reading: Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again However, this doesn’t take away the fact that the meme coin is at the cusp of a continued momentum to the upside. The first step is breaking above a July order block around $2.665. A successful break above this would set the stage for additional price gains up until its recent all-time high of $4.84. Featured image created with Dall.E, chart from Tradingview.com

 Memecoins are back? Dogwifhat price rallies 46% in September

Author: Cointelegraph by Biraajmaan Tamuly
United States
Sep 27, 2024 12:00

Memecoins are back? Dogwifhat price rallies 46% in September

Dogwifhat is currently up 30% in the week, but the number of holders has increased by only 1.29% in the same period. 

Sep 21, 2024 05:50

Bullish Analyst Sees Cardano (ADA) Rising 13% As Key Indicator Signals Buy

In a notable divergence from the broader cryptocurrency market, Cardano (ADA) has faced challenges in capitalizing on the recent bullish sentiment triggered by the Federal Reserve’s decision to reduce interest rates by 0.50% earlier this week.  While major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have seen gains exceeding 5% in the same timeframe, ADA [...]

The post Bullish Analyst Sees Cardano (ADA) Rising 13% As Key Indicator Signals Buy appeared first on Crypto Breaking News.

FET Set To Surge: Breaking Key Resistance Could Trigger Rally

Author: Arslan Tabish
Estonia
Sep 12, 2024 02:30

FET Set To Surge: Breaking Key Resistance Could Trigger Rally

Fetch.ai (FET) is currently showing promising signs, with analysts predicting that it has the potential to rise exponentially within the next few weeks. In a recent X post, Cryptorphic pointed out that FET has been on the rise and has increased by 66% since his last analysis. The token is still struggling at the 21-day […]

 Kanpai pandas NFTs plunge 45% amid Trump token controversy

Author: Cointelegraph by Ezra Reguerra
United States
Aug 10, 2024 12:00

Kanpai pandas NFTs plunge 45% amid Trump token controversy

Kanpai Pandas NFTs saw a 45% floor price drop amid allegations that the team promoted a Trump-themed token that was later disavowed by the Trump family.

VeChain (VET): Could A $1,000 Investment Turn Into Millions By 2030?

Author: Arslan Tabish
Estonia
Aug 15, 2024 02:30

VeChain (VET): Could A $1,000 Investment Turn Into Millions By 2030?

Cheeky Crypto recently made waves throughout the investing world by revealing a Vechain (VET) outlook. As highlighted in a recent X post, Cheeky Crypto underlined that the prospect of cryptocurrencies is more attractive than ever, and dream of getting rich remains a driving force among investors from around the world. To achieve this goal, the […]

Polkadot Price Surges 9.67%, Targets 56.13% Gain Amid ETF Buzz

Author: Kashif Saleem
Estonia
Jul 08, 2024 02:30

Polkadot Price Surges 9.67%, Targets 56.13% Gain Amid ETF Buzz

The re­cent market downturn has significantly impacted Polkadot (DOT), causing the­ altcoin to lose approximately 15% over just two days. Howe­ver, on July 6, the price be­gan to rebound, increasing by 9.67% to reach its curre­nt level of $6.24. Despite­ this recovery, DOT has expe­rienced a substantial decline­ of 47.47% from its April 1 peak […]

Jul 22, 2024 12:05

BRETT Price Explodes 30% In A Single Week Whats Next For The Meme Coin?

The crypto market has enjoyed a good run in the last few days, with several large-cap assets posting double-digit gains in the past week. Meanwhile, meme coins like Dogecoin, dogwifhat, Pepe, and Brett, were also among the best-performing assets in the market. Specifically, BRETT witnessed an over 30% increase in its value over the past week. Interestingly, a popular crypto pundit has suggested this recent momentum is only the tip of the iceberg, as the meme tokens price seems set to take off. Analyst Predicts Meme Coin’s Price Will Skyrocket By 300% In a recent post on the X platform, prominent crypto analyst Ali Martinez put forward an exciting projection for the price of BRETT over the coming weeks. According to the pundit, recent price action suggests that the meme coin is gearing for an explosive 300% move to the upside. Related Reading: Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses? The rationale behind this bullish projection is the formation of a bull flag on BRETTs daily price chart. A bullish flag formation is a technical analysis and a strong continuation pattern that resembles a flag on a pole.  The pole usually represents a vertical rise while the flag represents a period of price consolidation. The important feature of this chart formation is the breakout from the flag, which typically mirrors the length of the initial pole of the flag.  As shown in the chart above, the BRETT price seems to be on the verge of a breakout, having been in a consolidation range since early June. This consolidation zone or flag was preceded by a vertical upward movement, which saw the tokens price jump from $0.03 to $0.2. Martinez noted in his post that if the meme coins price breaks out of the flag, the $0.15 support level needs to hold strong upon retest. If the support fails to hold, the Brett might just return within the consolidation range. In the case of a successful breakout, the analyst predicted the BRETT price to climb as high as $0.63. BRETT Price Overview As inferred earlier, a price upswing to $0.63 would represent an over 300% rally from the current price point. As of this writing, the price of Brett stands around $0.147, reflecting a nearly 6% increase in the last 24 hours. Related Reading: Is $200 Within Reach For Solana Price? Heres Why This Blockchain Firm Thinks So According to data from CoinGecko, the meme token is up by nearly 30% in the past week. With a market capitalization of over $1.45 billion, BRETT ranks amongst the top 10 largest meme coins in the digital asset sector. Featured image from iStock, chart from TradingView

Jul 02, 2024 05:50

Polkadot Treasury Faces Impending Funding Crisis: Limited To 24 Months Before Exhaustion

The recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over an impending funding crisis. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively.  Decentralized finance (DeFi) researcher DeFi Ignas has analyzed the report, highlighting the Treasury’s [...]

The post Polkadot Treasury Faces Impending Funding Crisis: Limited To 24 Months Before Exhaustion appeared first on Crypto Breaking News.

Jul 17, 2024 12:05

Crypto Analyst Says Telegram-Based Notcoin Is Ready To Fly, Heres How High

The Telegram-based Notcoin token has been making waves since it was introduced to the crypto market a few months ago. Following the market decline, it staged one of the strongest recoveries, rising over 50% in a single day. Given its bullish tendencies, expectations around the altcoin is that it will continue to rise, with one crypto analyst predicting how far the Notcoin price could go from here. Notcoin Price Could Rise To $0.018 In an analysis posted on TradingView, a crypto analyst who goes by The57Trader has proposed a bullish scenario for Notcoin. In this case, the altcoin is expected to continue to rise, with a price surge toward its current all-time high levels. Related Reading: Ethereum Bulls Gear Up For Recovery Can Spot ETFs Push Price To New Highs? The crypto analyst points out that the Notcoin price has actually formed a bullish flag pattern, which forms the basis for this prediction. However, like with all bullish formations, there are levels that the altcoin must hold in order for it to confirm the rally. In this case, that level is the $0.016 area, and it serves as a support for the Notcoin price through market fluctuations. Now, if the altcoin is able to hold this level, then the price could continue to fly, with targets at $0.01731 and $0.01846. However, on the chance that the Notcoin price is unable to hold this level, then the price decline is expected to continue. The target in this case is place at $0.01478, which is around a 15% decline from the support level of $0.016. NOT Breaks Below $0.016 Support Holding the $0.016 support is important to the crypto analysts Notcoin price prediction. However, the altcoin has been unable to maintain this level. At the time of writing, the price had already fallen below the $0.016 price level once, suggesting an invalidation of this prediction. Related Reading: Analyst Says Solana Price Could Rise 450% To $840 Here Are The Drivers Going by the analysis, then from here, the Notcoin price could continue its decline. A crash from here would no doubt be gut-wrenching for investors, but given the altcoins past performances following crashes, it is possible that this decline would not last long. However, so far, the Notcoin price has still continued to skirt around the $0.016 level, suggesting that bulls are still in the game. However, if the Bitcoin price continues to decline and drag the crypto market down with it, then the altcoin could see further crashes. For now, the price has recovered above $0.0163 once again, but posting 1.06% losses in the last day, according to data from Coinmarketcap. It is one of the only coins recording losses in the last 24 hours following the Bitcoin recovery above $60,000. Featured image created with Dall.E, chart from Tradingview.com

Jul 16, 2024 05:50

Solanas Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes Best-Performing Crypto Title

Solana-based meme coin Dogwifhat (WIF) has taken the cryptocurrency market by storm, becoming the best-performing asset in the first half of the year, as the Shiba Inu puppy-inspired token has outperformed Bitcoin’s (BTC) 48% surge since January, making it the top returner among approximately 70 coins with market caps over $1 billion.  Dogwifhat (WIF) Leads [...]

The post Solanas Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes Best-Performing Crypto Title appeared first on Crypto Breaking News.

Jun 08, 2024 12:05

Is BRETT The New Meme Coin King? Token Surges 300% And Nears $2 Billion Market Cap

As the overall sentiment in the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged as the standout performer, experiencing a 400% gain in the past 30 days alone.  Having launched just three months ago, BRETT now boasts a market cap of $1.7 billion, positioning itself as the top gainer in the top 100 spot of the market. The Largest Meme Coin On The Base Network BRETT is a meme coin built on the Base network, with its mascot inspired by a character in Matt Furie’s Boys’ Club comic. Since its launch in February 2024, BRETT has become the largest meme coin on the Base network in terms of market cap, earning the title of “PEPE’s best friend on BASE. Notably, BRETT stands out due to its renounced contract and absence of a minting function, which places the token’s trajectory fully in the hands of its community. The creator of BRETT cannot generate additional tokens or manipulate the contract, relying instead on the vibrant and dedicated community to drive its development. Related Reading: Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH With a fixed total supply of 10 billion tokens, BRETT’s scarcity and potential future value are influenced by the limited creation of new tokens. The coin follows a fair launch model, ensuring equal opportunities for all participants.  BRETT does not impose transaction taxes, which can incentivize trading activity but may impact long-term value. Regarding distribution, 85% of the tokens are allocated to the Liquidity Provider (locked), 10% to the Treasury, and 5% to the Centralized exchange wallet. BRETT Surges 21,000% From All-Time Low As of now, BRETT is trading at $0.1794. It maintains its position as the top meme coin on the BASE network while also being the market’s best performer, experiencing a 33% surge in the last 24 hours.  CoinGecko data reveals a staggering 21,000% increase from its all-time low, highlighting the immense surge in interest the token has garnered in recent months. Furthermore, BRETT’s trading volume has increased significantly, rising by 62% in the past few days to reach $219 million. Notably, BRETT is the first meme coin on the Base network to surpass a $1 billion market cap. Related Reading: Injective (INJ) Price Set To Skyrocket 33% On Classic Bullish Signal: Crypto Analyst While BRETT’s current uptrend is notable, it remains to be seen whether the token can sustain its momentum and climb to higher positions in the market. If so, it could potentially surpass other meme coins like Bonk Inu (BONK) in terms of market cap, with the difference between the two being a mere $200 million. At its all-time high (ATH), BRETT reached $0.1887, which might serve as a near-term resistance level for the token, as it has struggled to surpass this mark in the past two days.  Featured image from DALL-E, chart from TradingView.com

Jun 04, 2024 12:05

Is Polkadot Preparing For A 100% Surge And Spike Above $20?

Polkadot, the interoperable blockchain, remains one of the largest and most popular networks in the top 20. At press time, DOT, the platform’s native currency, is 14th, ahead of Tron and the NEAR Protocol. However, despite recent gains, it is still down 87% from all-time highs, undeniably facing a brutal market correction. Even with this bearish sentiment, a wave of optimism is building around DOT’s future. Taking to X, one analyst thinks not only will the coin shake off weakness but will surge, rallying to over $20 in the coming months. Related Reading: Crypto Guru Unveils Best Altcoins To Buy Now This confidence, the analyst said, will be primarily because of crucial developments in the broader Polkadot ecosystem. Eyes On Polkadot 2.0, Better On-Chain Governance Of the many, the analyst thinks the upcoming Polkadot 2.0 upgrade will be a game-changer. Already, Polkadot is interoperable and scalable. However, once the new upgrade comes into play, the platform’s developers expect the network to be more interoperable, scalable, and with better governance. Specifically, to address scalability, they will eliminate the Parachain slot auction and introduce the concept of coretime. This feature will give developers more flexibility. Instead of bidding and locking resources in the auction, they must purchase block space dynamically as needed. This will improve resource allocation, leading to more accessibility and efficiency. Additionally, Polkadot developers are introducing the OpenGov system for more decentralized governance. The objective here will be to give all DOT holders a voice in decision-making, which is crucial in decentralized networks. JAM Upgrade Proposal Passed, Will DOT Bulls Break $8? The network is also preparing for more changes. The community recently approved the Join-Accumulate Machine (JAM) chain. The proposal, which was unanimously passed by the community, paves the way for developers to build services similar to Ethereum smart contracts directly on the Polkadot Relay Chain. Gavin Wood, the former Ethereum developer who introduced the proposal, said this would make the network more accessible. Related Reading: Notcoin Unstoppable! Token Soars Over 400%, Blazes New All-Time High Beyond network-related upgrades, the analyst also said that more DOT’s are being locked, which is a huge boost. Usually, with staking, coins are taken out of circulation, increasing scarcity. If more activity and the demand for DOT increases, it would positively impact the price, helping lift it from the current ranges. As of June 3, over 1.4 billion DOT were in circulation. By the fourth week of May, over 820 million DOT had been staked. Looking at the price chart, if the coin breaks above $8, the incentive to stake and early rewards plus capital gains will increase. Feature image from Canva, chart from TradingView

Jun 28, 2024 12:05

Telegram-Based Notcoin Burns 210 Million Tokens Amid Positive Recovery

Telegram-based Notcoin (NOT) recently carried out a token burn that paints a bullish outlook for the crypto tokens ecosystem. This comes amid a recent price recovery for the NOT token, with fundamentals suggesting that more price surges may be imminent.  Notcoin Burns 210 Million NOT Tokens Notcoin revealed in an X (formerly Twitter) post that they had just burned 210 million NOT tokens ($3 million). They noted that the crypto tokens tokenomics is now extremely community-oriented thanks to this. They further revealed that 94.18% of Notcoins are held by 11.5 million people, including traders, miners, and stakers, among others. Meanwhile, 5.82% of Notcoins total supply is in the treasury, which will be used for development.  Related Reading: Dogecoin Sees Rapid Accumulation Amid Price Crash, Whale Transactions Soar The token burn carried out by the team is undoubtedly bullish for Notcoins ecosystem, especially if the demand for the crypto token continues to increase. Moreover, the 210 million tokens burned represent a significant supply given that Notcoin boasts a circulating supply of just over 102 billion, according to data from CoinMarketCap.  Meanwhile, as highlighted by the team, NOT is now more community-driven based on how the crypto token is evenly distributed among community members. This could further boost investors confidence in Notcoin and its ecosystem since the team isnt greatly armed with a large percentage of the tokens supply, which could cause the market to crash.  Meanwhile, Notcoin revealed that $4.2 million worth of Notcoin will be awarded as an incentive for Gold and Platinum users of Notcoin Explore. The Explore initiative lets users earn NOT and other bonuses from projects by completing various tasks. Crypto projects can add Notcoins to the Explore pool and create a campaign involving users completing multiple tasks.  On the one hand, this is an excellent way for teams to promote their projects since NOT boasts an active player base of 40 million users. On the other hand, this initiative is another bullish fundamental for the crypto tokens ecosystem as it could help increase the demand for Notcoin and ultimately drive up its value.  NOT Also Bullish From A Technical Analysis Perspective Several crypto analysts have also analysed Notcoin, presenting a bullish outlook for the crypto token. Crypto analyst Captain Faibik recently mentioned that Notcoin is on the verge of a massive wedge upside breakout. From the chart he shared, Notcoin could rise to as high as $0.03 when it successfully breaks out from its current price levels.  Related Reading: Bitcoin Crash Not Done: CoinShares Analyst Predicts True Correction Amid Outflows Crypto analyst Planfomo also shared a similar sentient. He stated he is getting more confirmation that the bullish falling wedge pattern on Notcoins chart could play out. His chart showed that Notcoin could eventually rise to as high as 0.038 when this breakout finally occurs. This will represent a new all-time high (ATH) for Notcoin, with its current ATH at $0.028. Featured image created with Dall.E, chart from Tradingview.com

Jun 26, 2024 05:50

FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this [...]

The post FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote appeared first on Crypto Breaking News.

 Telegram-linked Notcoin eyes 100% price rally after 210M NOT token burn

Author: Cointelegraph by Yashu Gola
United States
Jun 27, 2024 12:00

Telegram-linked Notcoin eyes 100% price rally after 210M NOT token burn

NOTs price will likely undergo a major bullish reversal move in the coming weeks, supported by Notcoins initiatives to bring more users to its gaming ecosystem.

Jun 22, 2024 12:05

WIF Plunges 11% As Whale Deposits Millions To Binance, Whos Behind It?

Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception.  The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction. Related Reading: LayerZeros ZRO Token Airdrop Receives Backlash For Proof-Of-Donation Mechanism 6 Million WIF To Binance On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to the largest crypto exchange. The whale transferred 5.97 million WIF, worth around $11 million, on June 21. Additionally, the address offloaded 48 million Trump Coin (DJT), approximately $500,000. After the news, the crypto community began speculating who was behind the transfer. Some users claimed the whale was crypto trader Ansem, who was very vocal about WIF. The trader was also part of the Las Vegas Sphere project, where users donated around $700,000 to project the tokens image in the Sphere.   Users on X criticized Ansem for the alleged deposit, expressing their disappointment in his capitulation. Some investors took the opportunity to express their discontent with the trader for grifting and dumping on investors. The discussion sparked an important conversation: should Key Opinion Leaders (KOLs) not move their money? One user considers that Ansem, and all KOLs, are free to do what they want with their money.  The user argued that KOLs are subjected to criticism regardless of their route. When people sell before you do, they are jeet. When KOLs sell some of their holdings or even move it around, they are pump and dampers. Several community members agreed and questioned if KOLs are obligated to hold a token until investors are happy with their profits.  However, others argue that community members are arbiters of traders reputations.   Dogwifhat Take A Blow, But Was It Ansem? Despite the rumors, online reports suggest the wallet is not linked to the crypto trader. After deep-diving into the address, a community member found that the address was not associated with Ansem. The post notes that the only reason it was linked to the trader was the large WIF balance and many Solana memecoins. However, the address has a record of selling their token at a loss to FOMO into new shiny stuff. Furthermore, the wallet seems to be linked to a now-deleted X account.  At the time of writing, the trader has not acknowledged the rumors.   After the reports, WIFs price dropped from the $1.90 to the $1.80 price range. On the last day, the memecoin plunged from the $2.15 mark, representing a 13% decrease. Related Reading: Curve (CRV) Bounces 40% From All-Time Low As Whales Go On Shopping Spree The token has also seen a 25.3% and 36.1% drop in the weekly and monthly timeframes. Crypto analyst Bluntz forecasted a bearish $1 target for the dog-themed memecoin. Ultimately, the analyst stated that a descent to the $1 support level was inevitable before the next parabolic leg. As of this writing, WIF is trading at $1.83. Featured Image from Unsplash.com, Chart from TradingView.com

Jun 18, 2024 12:05

This Altcoin Gem Will Overtake Solana, Predicts Arthur Hayes

Arthur Hayes, co-founder of crypto exchange BitMEX, has predicted that the blockchain Aptos (APT) is poised to surpass Solana (SOL) in prominence and utility in the race for the second largest Layer 1 (L1) blockchain behind Ethereum within the next two to three years. Hayes conveyed his thoughts during a detailed interview with macro analyst Raoul Pal. Aptos Could Overtake Solana Hayes indicated that the potential for Aptos to outperform Solana and ascend as the second-ranking L1 protocol after Ethereum is significant, but did not delve into the specific catalysts behind his assertion during the conversation. He promised a more detailed exposition of his views in September. The emergence of Solana in March 2020 marked a significant milestone in the blockchain landscape. Solana was heralded as a solution to several limitations of Ethereum, particularly concerning scalability, speed, and cost-efficiency. These attributes were crucial as the Ethereum network grappled with severe congestion issues during the DeFi boom, prompting the search for viable alternatives. Related Reading: Analyst Calls Buy Signal As Solana Hits Key Support At $141 Solana’s ascent in the crypto hierarchy was notably accelerated with the launch of the memecoins BONK in December 2022 and dogwifhat (WIF) in November 2023, both pivotal moments that marked the first major departure of memecoin activities from Ethereum’s ecosystem. Both memecoins not only boosted Solana’s visibility but also attracted an array of memecoins and innovative DeFi platforms, drawn by lower transaction costs. However, similar to Ethereum, Solana faced its own challenges at the beginning of the year with network congestion as its popularity surged, demonstrating the persistent scalability issues within current blockchain infrastructures. Aptos, on the other hand, has maintained a record of zero downtime since its inception, positioning it as a robust and reliable alternative within the digital currency ecosystem. Its foundation rests on the novel smart contract programming language “Move,” developed by engineers formerly associated with Meta Platforms Inc.’s Diem project. Related Reading: Solana Whale Shakes Market With $372 Million Transfer, Where Are The Coins Headed? Although Diem was ultimately shelved, the expertise and technological advancements have been redirected into Aptos, emphasizing its suitability for commercial use and potential for widespread adoption. However, Aptos has not yet been widely adapted. The blockchain currently has neither a popular DeFi ecosystem nor any major memecoins. APT Price Analysis This is reflected in Aptos’s market performance. Currently, Aptos (APT) has retreated 63% from its January 2023 high of $20.39, trading at $7.50 after experiencing a significant downtrend from its March peak of $19.48. The decline has taken APT below the 0.236 Fibonacci retracement at $8.39. The cryptocurrency’s trajectory has also seen it falter below the 50-week Exponential Moving Average (EMA), now at $9.25, which has emerged as a major resistance level. APT has faced multiple rejections at this threshold, underscoring its importance for any potential reversal to bullish momentum. Moreover, maintaining a position above the year’s lowest price of $7.39 is critical to stave off further losses. Featured image from YouTube, chart from TradingView.com

Jun 12, 2024 05:50

NFT Prices Tumble As Crypto Investors Place Big Bets On Bitcoin And Ethereum ETFs

In a market dominated by optimism surrounding the price spikes of Bitcoin (BTC) and Ethereum (ETH), the non-fungible token (NFT) market has seen a decline in popularity. NFTs, which include digital artwork and collectibles recorded on blockchains, have recently experienced a notable loss of appeal.  According to a Bloomberg report, Google searches for NFTs have [...]

The post NFT Prices Tumble As Crypto Investors Place Big Bets On Bitcoin And Ethereum ETFs appeared first on Crypto Breaking News.

Jun 12, 2024 05:50

Dogwifhat To Tumble? Analyst Sets $1 Target For WIF

Dogwifhat (WIF), the memecoin sensation that took the crypto market by storm during Q1, has followed Bitcoins recent downturn. As the dog-themed token faces a price decline of over 10%, some crypto analysts consider that a stop at $1 may be the next target for WIF. Related Reading Is The Hat Still On? Dogwifhat was [...]

The post Dogwifhat To Tumble? Analyst Sets $1 Target For WIF appeared first on Crypto Breaking News.

Your Crypto Gateway

Claim 1,000
Free WCG Coins

World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.

11 bn

FREE CRYPTO COINS

8.9 bn

AVAILABLE FOR RESERVATION

2.1 bn+

ALREADY ALLOCATED

× WCG Coin

🎉 Get 1,000 WCG Coins

No fees. No catch. Your crypto journey starts here.