The top 10 cryptocurrencies underwent major changes this week. A popular meme coin has been knocked out of the top 10 by its competitors. Even the biggest names in the cryptocurrency industry have faced price declines. The top 10 cryptocurrencies, excluding stablecoins, have seen some changes this week, with Shiba Inu and Tron vying for the top 10 spot. As of today, Tron (TRX) has secured the coveted spot after rising 4.3% over the past seven days. This rise coincides with Shiba Inu (SHIB) falling 5.8% over the same period, dropping out of the top 10.Volatile Week in CryptocurrencyAvalanche (AVAX)…
Author: Crypto Flexs
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The ‘Magnificent Seven’ stock phenomenon has emerged from the continued consolidation of markets as dominant companies acquire potential competitors and scale efficiently. The group includes Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Amazon.com (AMZN), Nvidia (NVDA), and Tesla (TSLA), coined by Bank of America analyst Michael Hartnett in April 2023. The stocks have contributed an 88% annualized current shareholder return at the time. Despite Tesla’s recent struggles, the Magnificent Seven still outperforms the broader market. The Roundhill Magnificent Seven ETF (MAGS) has returned 35.8% year-to-date, compared to 15.1% for the S&P 500 (SPX)…
Bitcoin (BTC) is starting the third quarter of 2024 with a bang as it aims to regain lost ground on its way to all-time highs.BTC price strength is tentatively recovering as the combined weekly, monthly, and quarterly price remains at $60,000.With a 4% gain in the past 24 hours as of this writing, Bitcoin has definitely had its work cut out for it to continue its bullish run.After months of consolidation, it has now dropped below the $60,000 mark twice, both times looking like bear traps. Can the bulls really win?Going forward, traders will look to $60,000 as well as…
A trader known for his timely altcoin calls believes the Solana (SOL)-based meme token has started a new bullish trend. Pseudonymous analyst Blunts told his 263,800 followers on social media platform According to analysts, WIF is already showing signs of a bullish reversal in the lower time frames after a sharp correction from its all-time high of $4.83. “I am now starting to feel confident that the bottom of WIF is in sight. There was a nice 70% correction from high to low, not only did it drop to $1.46, but it also formed a long structure over three waves,…
Cryptocurrency exchange Gemini has signed a five-year sponsorship deal with Real Bedford football club, co-owned by Peter McCormack, host of popular podcast What. bitcoin Bitcoin +2.42% did.Gemini said on Monday that the deal is paid upfront in bitcoin and aims to support the club’s success and improve opportunities for local children. A Gemini spokesperson told The Block that this is in addition to the $4.5 million that Winklevoss Capital, the investment firm owned by Gemini founders and twins Tyler and Cameron Winklevoss, invested in the club in April.The April investment makes the Winklevoss twins co-owners of the club alongside McCormack,…
Binance, one of the world’s leading cryptocurrency exchanges, has announced an update to its list of monitoring tags. According to Binance, starting July 1, 2024, the platform will expand its monitoring tags to include 11 new tokens and remove two existing ones.Token added to monitoring tagHere are the tokens to add to your monitoring tags list:Balancer (BAL)Cortex (CTXC)Powerful (CVP)Convex Finance (CVX)DockKava Rend (HARD)IRISNET (IRIS)MovieBloc (MBL)Polka Starter (POLS)Status (SNT)Sun Token (SUN)Tokens removed from monitoring tagsTokens that have their monitoring tags removed are:Enzyme (MLN)Horizen (ZEN)Tokens with monitoring tags are subject to significantly higher volatility and risk compared…
According to XRP indicators, the bullish trend is likely to ease somewhat in the next 1-2 weeks. Traders should plan and prepare for two possible scenarios in July. Ripple (XRP) was trading at the low end of a range that dates back to mid-April. A recent AMBCrypto report noted that prices have formed a bullish pattern while consolidating in recent days. Source: XRP/USDT on TradingView If the price can break out of this wedge pattern, a 30-40% upside would be more likely. However, in the current situation, momentum and volume indicators highlight bearish pressure. XRP on-chain indicators indicate buying opportunities.…
Company • July 1, 2024 2:41 AM EDT Posted 1 minute earlier In ~ Ant Digital Technologies, the blockchain division of Alibaba’s fintech arm Ant Group, has expanded the registered capital of two of its subsidiaries as the Chinese conglomerate continues its blockchain business.The fintech giant confirmed to The Block that Ant Blockchain Technology (Shanghai) Co. recently amended its business registration with Chinese authorities, expanding its registered capital from 100 million yuan to 1.5 billion yuan ($206.4 million).Founded in December 2018, the blockchain business unit is registered to operate in business areas including software development, hardware retail, and information technology…
Binance, one of the world’s leading cryptocurrency exchanges, has announced the launch of a new educational game called ‘Word of the Day’ (WOTD). Through this initiative, users can test their knowledge and earn rewards including Binance Points, BNB token vouchers, and trading fee rebate vouchers. Game Details and Rewards According to Binance, all eligible users will share a pool of 500,000 Binance Points. These points can be redeemed for a variety of rewards in the Rewards Hub. The topic of the first week is ‘Binance Build’. Entrants are encouraged to read selected articles on this…
As the cryptocurrency market looks for new ways to drive growth, the emergence of celebrity-backed token projects has sparked a trend that has drawn mixed reactions from seasoned crypto enthusiasts to the new wave of memecoins.Some argue that celebrity tokens can attract new users to cryptocurrencies, while others believe that the speculative nature of the tokens could mislead consumers about the true value of the blockchain.Celebrity MemeCoins can help you attract new users.Proponents of celebrity tokens see them as an effective entryway into cryptocurrency. Solo Ceesay, co-founder and CEO of social wallet Calaxy, believes these tokens can make cryptocurrency more…