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A widely followed crypto analyst says a meme asset that has soared 300x in less than a year is about to spark another massive stock rally. Pseudonymous crypto trader Altcoin Sherpa told his 223,600 followers on social media platform He said he was incredibly bullish. The trader expects POPCAT to surge more than 60% from current levels. “When a coin breaks out of the range, you want to see a continuation. Of course it depends on BTC, but I still think POPCAT looks strong. To be honest, I wouldn’t be surprised if it went up to $2 or so. ”…
An SEC spokesperson said the commission finds Judge Annalisa Torres’ 2023 XRP ruling to be a major contradiction to a decade of precedent set by the Supreme Court. Analysts predicted that the SEC appeal may not prevent XRP from hitting new all-time highs. The U.S. Securities and Exchange Commission (SEC) and Ripple Labs plan to continue a series of legal proceedings after the commission files a notice of appeal with the state Court of Appeals for the Second Circuit. As we reported on October 3, Ripple has promised to be defensive. Details coming soon CNF reported last year that U.S.…
Stock futures were subdued Sunday night as Wall Street looked to maintain Friday’s upward momentum.S&P 500 futures rose 0.1%. Nasdaq 100 futures rose about 0.2%, and Dow Jones Industrial Average futures rose 53 points, or about 0.1%.The futures move comes after a bumpy week for stocks, with major averages posting modest gains. The S&P 500 rose 0.22% for the week, the Nasdaq Composite rose 0.10% and the Dow rose 0.09%.All three averages rose for the fourth consecutive week as Friday’s better-than-expected jobs report further supported the Federal Reserve’s view that the U.S. economy could achieve a “soft landing.” It was…
Options market data indicated that ETH price may stabilize. However, market sentiment remained negative amid rising tensions in the Middle East. The price of Ethereum (ETH) appeared to be stabilizing after recent volatility due to geopolitical escalation in the Middle East that spooked the crypto market. Jake Ostrovskis, a crypto trader at Wintermute, said options market data suggested the biggest altcoins could hit a domestic low. He pointed out: “Since Tuesday (October 1), we have observed the largest hedging flows in #ETH for short-term contracts. And these flows are now unwinding as the market looks solid.” Source: Signal Plus Is…
Millions of investors around the world generate passive income through investing in the stock market, often using ETFs, mutual funds, or dividends. But can this strategy also be applied to the crypto market? So why not? A number of cryptocurrency projects (evergreen projects such as 5thScape) offer recurring returns and allow investors to withdraw profits as passive income. Some projects can earn up to $10,000 per month, easily covering an investor’s monthly expenses. Hello early retirees! In this article, we explore the best crypto coins to invest in for long-term returns and their potential to generate thrilling passive income. Best…
Ethereum named another winner Merkle Capital says Bitcoin and other cryptocurrencies should benefit from the global trend of lower interest rates. Cryptocurrency investment advisory firm Merkle Capital predicts that the global trend of lower interest rates will lead to a rise in Bitcoin prices and an increase in investment in cryptocurrencies this month.Woramet Chansen, an investment advisor at Merkle Capital, said Bitcoin prices rose more than 25% in September after the US Federal Reserve cut interest rates by 0.50 percentage points for the first time in four years. . “This is an important turning point in the market cycle, encouraging…
Stablecoin issuer Tether is celebrating its 10th anniversary with the success of its flagship product USDT. As part of its anniversary celebrations, Tether released a documentary highlighting how USDT has helped users in countries such as Argentina and Brazil weather currency inflation. Tether celebrates 10 years of bringing ‘financial inclusion’ to billions In a statement on October 6, Tether CEO Paolo Ardoino reflected on the company’s progress since its inception. He emphasized Tether’s mission to provide financial access to millions of people, especially in areas where traditional banking services are lacking. Tether’s flagship product, USDT, is a stablecoin pegged to…
Coinbase is preparing to delist stablecoins that do not comply with European regulations by the end of the year. As Bloomberg News reported on Friday (October 4), the move comes as the European Union’s Crypto Asset Market Regulation (MiCA) introduces stricter supervision of cryptocurrency companies. Coinbase said, “In light of our compliance efforts, we intend to restrict the provision of services to EEA (European Economic Area) users related to stablecoins that do not meet MiCA requirements by December 30, 2024.” . The company also noted that EEA users will have the option to convert to a compliant stablecoin, such as…
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Ripple’s XRP experiences sharp decline, investors and analysts are concerned Ripple’s XRP has fallen sharply recently, leaving investors and analysts concerned about its future stability. According to Brave New Coin’s XRP Liquid Index, it fell from $0.6584 to $0.53, a 16% drop in just one week. The decline comes amid rising geopolitical tensions and continued legal troubles with the U.S. Securities and Exchange Commission (SEC), raising questions about the long-term prospects of cryptocurrencies. Source: BNC XRP Liquid Index Several factors explain the decline in XRP’s price. Geopolitical tensions and regulatory challenges have become important factors influencing the price of cryptocurrencies.…