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Important points Tron’s third-quarter revenue was $566 million, more than that of Bitcoin, Ethereum, and Solana. Stablecoin trading and memecoin activity contribute significantly to Tron’s revenue. Share this article Tron’s stablecoin ecosystem has propelled the network to new heights, generating $566 million in revenue in Q3 2023 and securing its position as a major player in the blockchain space.The network’s impressive performance is primarily due to its robust stablecoin activity, with Tron currently controlling 34.8% of the stablecoin market. This establishes it as the second largest stablecoin blockchain, supplying $59.8 billion worth of these digital assets. Tether’s USDT dominates this…

Mark Cuban sees all memecoins except Dogecoin as potential rugs due to their volatility and lack of long-term purpose, but finds excitement in this unpredictability. The former head owner of the Dallas Mavericks likened meme coin trading to gambling or flipping a coin. Despite the risks, Cuban admits that he considers buying meme coins from time to time, but tells himself it’s not a wise move. All memecoins are ragpulls, but Dogecoin is the king or the original of memecoins. This is the logic of Mark Cuban, who said it’s the inherent volatility of memecoins that makes them “very exciting.”…

Ethereum is already facing strong selling pressure, with Ethereum price currently down to the $2,366 level, down nearly 10% on the weekly chart. Some market analysts believe that the ETH market crash has just begun and could drop another 50% according to logarithmic regression models. Ethereum regression model suggests massive crash Popular crypto analyst Benjamin Cowen uses a logarithmic regression model to show that every time Ethereum (ETH) breaks support against Bitcoin, the ETH/USD pair drops 70% to the lower trendline of the logarithmic regression. It explains that you are facing. To date, ETH has already fallen by 41%, raising…

According to the latest 2024 Cryptocurrency Geography Report by Chainalysis, stablecoins currently account for approximately 43% of total crypto trading in sub-Saharan Africa. The main driver for stablecoin adoption in Africa is the foreign exchange (FX) crisis that is hitting many countries. “About 70% of African countries are facing currency shortages, and businesses are struggling to access the dollars they need to operate,” said Yellow Card CEO Chris Morris. said. In countries like Nigeria, where the value of the local currency Naira (NGN) has fallen significantly, stablecoins provide a much-needed alternative. “The banks don’t have dollars, the government doesn’t have…

The meme-inspired cryptocurrency Dogecoin ($DOGE) recently saw the number of active addresses on its blockchain surge to 84,306, experiencing the “largest spike in active addresses in the past six months.” did. This is according to data from on-chain analytics firm Santiment, which was first shared by popular cryptocurrency analyst Ali Martinez, who also noted that Dogecoin’s network is experiencing “significant growth.” . According to Martinez, there has been a “72% increase in new DOGE addresses” in the past week, with more than 19,600 addresses added to the cryptocurrency network in a single day. As reported late last month, DOGE whales…

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, remained below the $62,000 level early Thursday. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) are all in the red as the overall market fear and greed index slumps. Ta. 36 out of 100 (fear) according to CoinMarketCap data. Flare (FLR) token rose over 17% in 24 hours, becoming the biggest gainer. BEAM was the top loser with a loss of over 16% in 24 hours. At the time of writing, the global cryptocurrency market capitalization was $2.11 trillion, a decline of 1.11%…

Elliott wave analysis Trading Lounge daily chart, NEO/US dollar (NEOUSD). NEOUSD Elliott Wave Technical Analysis Function: Counter trend. Mode: Fixed. Structure: flat. Position: Wave (2). The next higher order direction: impulse waves ((2)). Wave cancellation invalidity level: Details: Wave (2) may test level 8.22. NEO/USD (NEOUSD) trading strategy: This is a 5-wave retracement of wave (C), which is in the final stage of wave (2), which is likely to test the 8.22 level, and the big picture is a short-term retracement before further upside. It has become. NEO/USD (NEOUSD) technical indicators: Price is below MA200, indicating a downtrend. The wave…

Bitcoin price finds support near the 200-day EMA at around $60,000. A solid close below would signal a decline ahead. Ethereum price ended below the key support at $2,461 and is looking ahead to a decline. Ripple price ended below a major support level, suggesting a continuation of the downtrend. Bitcoin (BTC) is hovering around a major support level. A sustained closing price below this threshold could indicate further decline. Meanwhile, Ethereum (ETH) and Ripple (XRP) closed below key support levels, indicating further downside. Bitcoin plans to resume downtrend if it breaks below key support levels After rejecting the psychological…

Indian Stock Market: Equity benchmark indexes saw buying activity in Friday trading after four consecutive sessions of losses, recovering nearly a percentage point from the day’s lows.The Sensex, which fell over 2 per cent in the previous session, opened lower, dropping 445.24 points to the day’s low of 82,051.86. Meanwhile, Nifty declined by 155.55 points and hit a low of ₹25,094.55 in intraday trade.However, the market quickly turned around. The Sensex rose over 884 points from the day’s low to hit a high of 82,935.99, while the broader Nifty rebounded 224 points from the day’s low to hit the day’s…

After a meteoric rise and fall, much of the hype surrounding cryptocurrencies has disappeared from mainstream discourse. But that may not mean professional services companies can still afford to write it off, according to Danny Barlow, founder and chief executive of LondonLink. The paradox of cryptocurrencies is that the most attractive salespeople are the ones who don’t shout about it. Companies using cryptocurrencies tend not to go to social media to “pump and dump” the latest coins. They are busy leveraging the unique capabilities of cryptocurrencies to transform operations, reduce costs, and remove barriers to cross-border transactions. These companies, your…