SUI outperformed most coins and took the top spot in weekly returns. As a result, if this trend continues, LTC’s market positioning could be challenged, but what are the odds? SUI (SUI) ended the week as the biggest gainer among the top 25 tokens, up 49% to $1.62. Currently ranked 21st, SUI’s gains have analysts speculating about its potential to replace Litecoin, which rose 8% to $68.49. With SUI targeting a March ATH of $2.09, the odds are increasing that it will overtake Litecoin in the top 20. SUI is overcoming adversity, but there are problems. Source: Coinalyze On the…
Author: Crypto Flexs
Read More
One of the wallets available in The Open Network (TON) ecosystem has announced that it will support cryptocurrency assets on the Tron blockchain. On September 23, self-custodial wallet MyTonWallet announced that it would integrate Tron to support assets within the network. This includes the network’s native token, Tron (TRX), Tether (USDT), and other tokens that use the TRC-20 standard. The MyTonWallet team claims to be the first wallet to integrate Tron-based assets in the TON ecosystem. Foundation for interoperabilityThe team believes this move “lays the foundation” for blockchain interoperability. MyTonWallet founder Alexander Zinchuk believes that managing assets across multiple chains…
The Bitcoin (BTC) price is currently just 14% below its all-time high, but favorable conditions have created a target of $80,000+ in the coming weeks.However, when you factor in inflation, a new all-time high (ATH) of around $100,000 might not be as impressive as you might think. Bitcoin Price Adjustment Due to Inflation (2021 vs 2024) Bitcoin analyst Luke Broyles claims that even if BTC breaks the incredible $100,000 mark, it will “barely” match the value of buying BTC in 2021. In his X post, Broyles emphasizes that, taking inflation into account, the 2021 ATH price would currently be $83,000.Data…
With Bitcoin up about 10% last week and Ether up 17%, analysts at research and brokerage firm Bernstein have outlined five key reasons for the rally and what to expect going forward.One such factor is the potential for bipartisan support for cryptocurrencies. Democratic candidate and current Vice President Kamala Harris said at a Wall Street fundraiser over the weekend that she would protect consumers while also promoting cryptocurrency businesses.“This is the first time Harris has explicitly mentioned cryptocurrencies, with the word ‘digital assets’ mentioned in her statement,” Gautam Chhugani, Mahika Sapra and Sanskar Chindalia wrote in a note to clients…
Crypto Inheritance Planning is a specialized subset of general estate planning that addresses the unique challenges of digital assets such as crypto wallets, cryptocurrencies, NFTs, and other blockchain-related assets. As you invest more in these assets, planning for what happens to them over time becomes just as important as planning for your traditional assets. Why Cryptographic Inheritance Requires Special Attention Crypto assets behave differently from traditional financial assets when it comes to inheritance, and they also behave differently from physical assets.Traditional financial investments Typically, it involves a beneficiary as part of a financial institution account. The institution processes the distribution…
Stablecoins and cryptocurrencies are gaining importance in emerging economies as they begin to replace fiat currencies in some East Asian countries.According to a report released by Chainalysis on September 17, East Asia is expected to emerge as the sixth largest cryptocurrency economy by 2024, accounting for over 8.9% of global cryptocurrency imports from June 2024 to July 2023.According to Maruf Yusupov, co-founder of Deenar, a digital stablecoin backed by physical gold, the growing adoption of cryptocurrencies and stablecoins is partly due to the devaluation of fiat currencies and countries with high inflation rates.In a statement shared with Cointelegraph, Yusupov wrote:“In…
Jorg Hiller 23 Sep 2024 04:52 Binance is launching the ‘Word of the Day’ game, giving users the chance to share 500,000 Binance Points, which participants can exchange for BNB token coupons and trading fee discounts. Binance has announced the launch of a new ‘Word of the Day’ (WOTD) game, and according to Binance, users will have the opportunity to share in a pool of 500,000 Binance Points, which can be exchanged for BNB token coupons and BNB trading fee discount coupons in the Rewards Hub.This week’s topic is ‘Clone Trading’. Users are encouraged…
The native token of the Sui ecosystem is experiencing a resurgence. Sui recently achieved a new expansion record. The Sui ecosystem is growing with significant developments.. Sui, a Layer 1 blockchain, has been on a positive trajectory in recent months, highlighted by a series of integrations and expansions. Despite having to navigate significant obstacles earlier this year, the network has maintained its momentum, having recently celebrated its first-year milestone. This growth is now leading to impressive gains across the ecosystem. Sui has seen strong gains in TVL and token value. This month has been a particularly important one for Sui,…
Bitcoin starts the last week of September at a monthly high, establishing a bullish trend with its weekly close.Bitcoin (BTC) surged to $64,700 after a weekly close, and analysis suggests the next resistance barrier could be $65,000.The weekly RSI signal is signaling further upside, which could be a solid chart setup for a Bitcoin bull run.The market is accepting the 0.5% rate cut from the US Federal Reserve, and the mood towards risk assets is also bright.Bitcoin is rapidly approaching the bull market phase, which is traditionally the most rapid upward movement.Emotions were measured, and there was no significant euphoria…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. After successfully launching CATI tokens on major exchanges and distributing airdrop rewards last Friday, Catizen has introduced two new applications to its ecosystem: Air War and Merge Restaurant. These products enhance user engagement and interaction within the Catizen platform. Meanwhile, analysts have pointed out that the TD Sequential indicator on Solana’s daily chart is signaling a major buying opportunity. This suggests that a potential price recovery could be imminent, and experts predict a bounce within the next 1-4 candlesticks based on SOL’s price…