A veteran trader known for making timely cryptocurrency calls has issued a warning, suggesting that the memecoin sector may have reached peak popularity. Pseudonymous trader The Flow Horse said on his Telegram channel that memecoins could soon disappear as other cryptocurrency sectors rise. “I want to emphasize this point. Nothing is permanent in this market or in life. Some things stay in the spotlight for much longer than others, but the longer something stays in the spotlight, the more people forget that everything else still exists. Opportunities lie in overlooked spaces that seem dark and empty. And remember, nature abhors…
Author: Crypto Flexs
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Jessie A. Ellis October 18, 2024 01:41 Tezos Spotlight hosted a dynamic digital art event in London, bringing together artists and tech enthusiasts to explore the role of blockchain in art. The event featured a variety of artworks and insightful discussions. Trilitech’s offices in London have recently become a hub for digital creativity, hosting captivating art events under the banner of Tezos Spotlight. The gathering brought together participants from across the Tezos art ecosystem and provided a unique opportunity to explore the intersection of blockchain technology and art. Event Highlights In line with London…
‘‘Three Arrowz Capitel’ made a huge memecoin bet. The founders of Singapore-based Three Arrows Capital (3AC), once honored as a multibillion-dollar powerhouse in the world of cryptocurrency investing, have taken a sharp turn into the memecoin space with their latest twist. 3AC co-founder Su Zhu recently stepped up his public memecoin trading game with a tweet saying “Run it back,” and has since also announced new investments such as “Fat Girlfriend” and “Astrofolio.” Tokens based on astrological signs. 3AC announced investment in Fat Girlfriend. (3 AC) Zhu’s new investment thesis concerns the so-called “memecoin supercycle.” At the recent Token2049 conference…
ETH hit a hurdle near $2700 after recovering in October. The options market estimates that ETH is less likely to reach $3,000 before the US elections. Ethereum (ETH) After reversing losses in the first half of October, it recovered to $2.6K. The largest altcoin recorded a recovery gain of around 12% after rising from $2.3K to over $2.6K. At press time, ETH was worth $2,614, but has hit a major hurdle below $2,700. Ethereum price prediction Source: ETH/USDT, TradingView Since October 9, ETH has recorded increased capital inflows, as evidenced by the rise in Chaikin Money Flow. However, indicators have…
The cryptocurrency sector has witnessed a variety of innovative products, but few combine stability and predictable income. FIP Coin do. Built on sturdiness Binance Smart Chain (BSC) FIPCOIN provides investors with fixed returns regardless of market volatility. This unique digital asset is Stability, Security and Continuous IncomeReimagining the way individuals and businesses interact with cryptocurrency. FIPCOIN is the idea of: Mr Piyush krishnaCEO and Founder FIP Trading Factory (Fixed Income Platform)He has an extensive background in fintech company management, international finance, and blockchain innovation. With a firm belief in the transformative potential of cryptocurrencies, FIPCOIN has emerged as a solution…
Darius Varu October 17, 2024 15:52 Bitfinex has released version 7.3.0 of its mobile app, featuring general improvements, icon updates, and important bug fixes to improve user experience. According to blog.bitfinex.com, cryptocurrency exchange Bitfinex announced that it has released version 7.3.0, its latest mobile app update, which includes a series of improvements and fixes. This update aims to improve the overall user experience by addressing various issues and implementing changes suggested by users. Major improvements This update includes several important improvements. Among these, Bitfinex added new icons for KMNO, HMN and NYM and modified…
The Solv Protocol has launched a Bitcoin (BTC) staking token on Solana to attract BTC holders as yield opportunities for the digital currency surge, Solv told Cointelegraph on October 17. The Bitcoin network’s new Layer 2 Scaling Chain (L2) and new BTC yield options in the decentralized finance (DeFi) protocol ecosystem are forcing projects on other networks, such as Ethereum and Solana, to compete for BTC liquidity. The liquid staking derivative (LSD), called SolvBTC.JUP, is designed to generate BTC-denominated returns from trading fees on Jupiter Exchange, one of Solana’s most popular decentralized exchanges (DEXs). The token launch, while still in…
Bitcoin (BTC) briefly surpassed $68,000 on October 16, its highest since August, but maintaining that level was more difficult than expected. With the Bitcoin price currently trading below $67,500, the most important question is whether BTC price can regain its bullish momentum. While stronger-than-expected economic data from the U.S. has reduced investor appetite for alternative hedging vehicles, TSMC’s strong earnings report shifts traders’ attention to the stock market. While the macroeconomic environment played a significant role in Bitcoin’s rejection of $68,000, one incident in particular in the cryptocurrency industry has sparked expectations that the current Biden-Harris administration will show a…
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Crypto VC Blockchain Capital led a $33 million Series C funding round at African stablecoin exchange Yellow Card.Yellow Card, a Nigeria-based Coinbase portfolio company, has now “completed its equity financing” and has raised a total of $85 million, according to a statement. Earlier this year, Coinbase partnered with Yellow Card to expand accessibility to its products in 20 countries on the African continent.“This newly raised capital will be used to fund growth and expansion, particularly by enhancing Yellow Card’s API and widget products, which are the gateway for international companies (including Coinbase and Block) to enter African markets,” Yellow Card…