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Expectations are high in the crypto market as major coins such as XRP, ADA, and Litecoin are predicted to reach incredible values. However, there is also talk that a new AI-based altcoin is poised to deliver a more immediate and significant rally. We take a deep dive to discover which digital assets are on the brink of big growth and why this emerging altcoin is gaining traction. CYBRO pre-sale soars above $1.8 million: 1 in 1 million NeoBank investment opportunity CYBRO is attracting the attention of crypto whales with pre-sales of exclusive tokens rapidly exceeding $1.8 million. This state-of-the-art NeoBank…
Latest on-chain data shows that Litecoin (LTC) whales have become increasingly active in the market in recent weeks. The question is, can they spur altcoin price recovery?Litecoin whale activity is increasingOn-chain analytics firm Santiment revealed a sustained increase in whale activity on Litecoin in a new post on the X Platform. The relevant metric here is the Whale Transaction Count metric, which tracks the number of whale transactions (valued at $100,000 or more) performed on the blockchain network in a single day.A whale is an entity that holds a large amount of a specific virtual currency and has great influence…
Tether, the world’s largest stablecoin issuer, has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro. This is Tether’s first investment in the agriculture and food sector. Tether has made strategic investments in emerging technologies such as artificial intelligence, peer-to-peer platforms, Bitcoin (BTC) mining operations, and digital education initiatives, the company said in a filing. Filed with the U.S. Securities and Exchange Commission. Source: sec.govRelated: Former Square, Coinbase exec raises $58 million for Bridge stablecoin networkTether used working capital to investTether said in its filing that it “used cash from its own working capital” to…
Important points Tether’s new gold-backed digital asset aims to increase user trust in blockchain technology. Tether CEO believes the US election is crucial for the future of the crypto industry. Share this article Tether CEO Paolo Ardoino said in a recent interview with Bloomberg that one of the reasons Tether chose gold to back its new synthetic dollar, USDT, was due to the combination of Bitcoin and He said that it is relatively stable compared to other countries.“Gold is probably the best asset to make that happen because it has much lower volatility than Bitcoin. We held out on Bitcoin,…
Litecoin, a peer-to-peer cryptocurrency, remains in a consolidation phase as open interest in the futures market remains weak and whale activity has increased. LTC whale activity increases Litecoin (LTC), developed by former Google engineer Charlie Lee, is trading at $64 and has remained there for the past two weeks. This price is about 27% above the August low and is down 44% from this year’s high. This price movement correlates with Bitcoin (BTC), which soared to an all-time high of $73,800 in March, but fell to $49,000 in August, trading at $54,000. It had been. According to Santiment, Litecoin has…
Litecoin may be off the radar for many retail crypto traders, but on-chain data suggests otherwise for crypto whales. Insights from Santiment, a popular on-chain analytics platform, show a notable spike in whale activity on the Litecoin blockchain since the last week of August. While a spike in whale activity is nothing new for Litecoin, this recent spike comes at a time of general suppression of whale trading activity across the broader crypto market. , especially noteworthy. Whale activity increases rapidly The data provided by the Santiment dashboard provides valuable insight into Litecoin’s recent on-chain activity, particularly the behavior of…
LTC remains up 8%, a notable departure from Bitcoin’s recent sell-off. Will this trend hold or will it succumb to Bitcoin volatility? Litecoin (LTC) has rallied around 3% over the past seven days amid wild market swings, led by Bitcoin (BTC)’s failure to hold the critical $57,000 support. It is currently trading at $66.37. Analysts note that September has historically been a bullish month for LTC. However, AMBCrypto pointed out that Bitcoin often turns bearish during this period. That said, is Bitcoin’s September weakness driving Litecoin’s rally? Are investors choosing LTC as a safer option, or is it becoming the…
A bear market is where smart money is put into stockpiling top altcoins during a dip before exploding in a bull market. Litecoin, Uniswap, and the new cryptocurrency Presale Roll Block (RBLK) continue to send strong bullish signals despite the continued market sell-off. LTC and UNI entered the monthly killer buy zone, and RBLK soared over 140%, delivering a 2.4x return for early buyers. Rollblock’s management’s revenue-sharing model and significant growth potential in its $540 gambling empire have analysts predicting monster returns of over 100x. Litecoin (LTC) rebounds from monthly buy zone The bear market crashed LTC to $40 in…
Litecoin is up 9.5% over the past week, defying broader crypto market weakness. Technical analysis indicates that a breakout of $100 is possible, supported by the uptrend in open interest and SOPR. Litecoin (LTC) is one of the top cryptocurrencies by market capitalization, but it has bucked the overall bearish trend seen across the crypto market in recent weeks. While many major assets have taken a severe hit and are down at least 5% or more, Litecoin has managed to hold its ground and even record gains. Over the past two weeks, Litecoin is up 3.5%, and in the last…
Japan’s three largest banks, MUFG, SMBC, and Mizuho, are involved in Project Pax, a cross-border payment system that aims to use stablecoins to replace correspondent banks. However, to ensure that corporate customers can trigger trade payments in a traditional way through their banks, Swift payment messages will be integrated with a stablecoin system based on Progmat. Therefore, clients do not touch the stablecoin. Considering the efficiency of stablecoin payments, the aim is to support payments 24/7, in response to the G20 goal of faster, cheaper and more transparent cross-border payments. . Stablecoins have a market capitalization of $170 billion, primarily…