Dogecoin, the largest memecoin by market capitalization, is up more than 10% in the past 24 hours as memecoins recover across the board.Currently trading at $0.1262, the price of Dogecoin (DOGE) has reached its highest since September 29, up 44% from the local low of $0.08888 on September 6.DOGE/USD daily chart. source: TradingViewAlong with the surge in DOGE’s price, trading activity also surged. DOGE’s spot trading volume surpassed $1.8 billion on October 16, up 95% in the past 24 hours and 165% in the past 7 days. Its market capitalization has regained $18 billion, cementing its position as the largest…
Author: Crypto Flexs
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PayPal dollar sign PYUSD +0.0028% The token has been losing market share since it surpassed $1 billion in late August, making it the fourth-largest stablecoin. The token’s current market cap is $618 million, down 40% over the past month and a half. PayPal USD was launched in August 2023. Ethereum ETH +0.34% It is now available on mainnet. Solana brush -0.93% Blockchain will be launched on May 29, 2024. By mid-August, PayPal Solana’s stablecoin supply Ethereum supply has been exceeded.The growth of stablecoins has been largely fueled by a partnership between PayPal and Kamino Finance, a Solana lending marketplace that…
An analyst known for making timely altcoin calls believes a massive trend reversal is underway for the little-known meme token. Bluntz, a pseudonymous cryptocurrency strategist, told his 283,700 followers on social media platform “BOME now looks like a monster every day. Certainly I wouldn’t be upset about talking about a $700 million market cap coin.” Source: Bluntz/X Based on the trader charts, he appears to be predicting that BOME will rise to $0.03, representing an increase of over 220% from current levels. As of this writing, BOME is worth $0.00932. Traders also disclose their current portfolio of memecoins. “My bag…
Ah, it’s almost Halloween. It’s time for everyone to pretend they enjoy scary things. But what about Haunted Reels slots? No, that’s not what I came here for. Instead, we got the most comfortable skull in the afterlife. Nothing is forgotten about this man. He was like Mr. Dahmer after the feast. It’s Big Bones and he’s resting his arms on the reel like Halloween is his bitch. But don’t be too relieved. Because while this skelly bounces, the game’s serve can win up to $400,000. Yes, less “boos” and more “banks.” If you’re ready to spend a cozy evening…
Vitalik Buterin, co-founder of the Ethereum network, wrote another article titled “Possible Futures of the Ethereum Protocol, Part 2: The Surge”, proposing an expansion of Ethereum. floor (L1) max Layer 2 (L2) Scalability. He also mentioned how to achieve maximum L2 interoperability in the same article. This article explains that as Ethereum’s L2 scaling solutions evolve to become more scalable and successful, certain risks arise if Ethereum’s L1 has limited transaction processing capacity. One major concern is the long-term security of the Ethereum network. This is because a weak L1 can reduce the economic viability of Ethereum (ETH) and undermine…
Yorg Healer October 17, 2024 02:36 Vitalik Buterin discusses the potential future of Ethereum in ‘The Surge’, focusing on scalability and decentralization through sharding and rollups, and targeting 100,000+ TPS. Ethereum’s future scalability strategy, known as ‘The Surge’, is gaining attention as the blockchain community anticipates significant improvements in transaction throughput and decentralization. According to Vitalik.eth.limo, this initiative is consistent with Ethereum’s long-term roadmap to address scalability issues by enhancing both layer 1 (L1) and layer 2 (L2) protocols. Sharding and Rollup: The Basics Initially, Ethereum’s roadmap included two main scaling strategies: sharding and…
DEX trading volume increased by more than 9% in 24 hours, with Uniswap leading the surge. Uniswap’s total value locked (TVL) reached $4.9 billion, showing a significant increase in activity. DEX trading volume has increased significantly over the past week and has recorded even more growth in the past 24 hours. At the forefront are decentralized exchanges. UniswapThere is equally notable trading activity. This contributed to an increase in overall volume and total value locked (TVL). DEX trading volume surged over 24 hours. Recent data shows that DEX trading volume has recorded a sharp rise over the past seven days,…
Bitcoin (BTC) hit $68,000 on October 16 after hitting an 11-week high at the opening bell on Wall Street.BTC/USD 1-hour chart. Source: TradingViewBTC price hits 11-week high.Data from Cointelegraph Markets Pro and TradingView shows a resumption of BTC price gains as bulls eclipsed the peak of the leverage-driven “fake” the previous day.The volatility was noticeable and renowned trader and analyst Skew, who analyzed order book conditions, warned of manipulation.“There is very active spoofing going on today,” he wrote on X about the Binance spot market.“There is a 1% to 2.5% gap between buy and bid liquidity, so without passive flows,…
Ethereum’s perpetual futures funding rate has increased to levels not seen since the global liquidation event in August, when major cryptocurrencies such as Bitcoin and Ethereum fell along with their stocks, losing more than 20% of their value. Derivatives trader Gordon Grant warned that the cryptocurrency perpetual futures market remains vulnerable to selling from overly leveraged positions, potentially fueled by a combination of technical and macroeconomic factors.According to Coinglass data, the OI-weighted funding rate is 0.0116%, the highest since July 29, when Ethereum was trading at $3,316 just before the 22% price crash in early August. The collapse was triggered…
Radiant Capital has suspended its lending marketplace after its cross-chain lending protocol suffered a cybersecurity breach of more than $50 million on the BNB chain and Arbitrum, Radiant and two cybersecurity experts said. Web3 cybersecurity company De.Fi Antivirus reported on October 16 that “Radiant Capital contracts were exploited on the BSC and ARB chains using the ‘transferFrom’ function, which allowed the exfiltration of user funds, i.e. $USDC $WBNB $ETH etc. “There was,” he said. Post to the X platform. De.Fi said in another It is estimated at $50 million. “We are aware of problems in the Radiant lending market on…