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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has significantly underperformed Bitcoin (BTC) so far this year, but new analysis suggests ETH will catch up by surpassing all-time highs. is likely to soar. According to a chart shared by popular crypto analyst Ali Martinez, Ethereum managed to hold the $2,400 support level and “may now target the upward boundary of the channel near $6,000.” . The chart, which Martinez shared with his more than 76,000 followers on microblogging platform It shows that it is around $6000. As reported by CryptoGlobe, the amount of ETH held on crypto exchanges recently rose…

In recent news, a former Ripple (XRP) director offered some hints about a possible timeline for the XRP ETF, sparking a frenzy over what could trigger an extended XRP price surge. . Additionally, with the integration of Zebec Network and the Sui (SUI) ecosystem, card users can now make payments using Sui tokens. Meanwhile, IntelMarkets (INTL) recently secured $1.6 million in funding, showing investors are becoming increasingly enthusiastic about DeFi projects. Former Ripple (XRP) director says XRP ETF could launch next month Former Ripple (XRP) director Sean McBride gave his thoughts on when an XRP-based ETF will be launched and…

It can be said that the entire virtual currency market is in a difficult situation, but the performance of Dogecoin (DOGE) and Shiba Inu (SHIB) is particularly poor. Although these tokens were trading at their highest prices in 2021, they have lost around 80% of their value since then and their future prospects look very slim. The current crisis may be related to several factors, including macroeconomic impacts and more general market developments that have also damaged important cryptocurrencies such as Bitcoin. Relationship with Bitcoin The large correlation between Dogecoin and Shiba Inu explains one of the main reasons for…

Trump Media & Technology Group (TMTG) stock plummeted more than 20% on Wednesday, marking the company’s worst trading day since going public in March.The company’s stock price plunged 22.29% to close at $40.03 per share on Wednesday, compared to Tuesday’s closing price of $51.51.Trump Media & Technology Group is the parent company of Truth Social and trades under the symbol DJT. The second worst trading day was April 1, when the stock fell 21.5%.Wednesday was an unusual day for TMTG, which has been off in recent weeks amid mounting speculation that former President Donald Trump could win the 2024 U.S.…

The global blockchain market is showing an impressive annual growth rate of 85.9%, indicating that its integration into everyday use is rapidly approaching.The meme coin sector continues to perform well, with NEIRO confirming a notable $2.85 million withdrawal by major players and a modest 2% decline hinting at future price movements. Similarly, Dogecoin is also gaining traction, with market watchers predicting a possible rally to $10 in the next cycle.One of the leading candidates in this trend is BlockDAG (BDAG), a leading blockchain technology that has raised over $105.5 million in presale funding. The platform’s website has been updated to…

Many people have found unexpected wealth thanks to cryptocurrencies. You don’t need to be an expert to know that the price of Bitcoin has skyrocketed since its inception. About 12 to 15 years ago, you could buy thousands of Bitcoins for next to nothing. It is believed that the biggest beneficiaries were those who initially believed in digital currencies. But fast forward to today, and new coins are still emerging, offering new opportunities to make big bucks. Recent reports have shown that the number of crypto millionaires is increasing, proving that people are still cashing in on this digital gold…

The U.S. Treasury is concerned about the growth of the stablecoin market, and privately issued stablecoins could eventually become state-backed central bank digital currencies (CBDCs), according to a Treasury report released Wednesday. He believes that it should be replaced by . “Just as privately issued “wildcat” currencies were replaced by government-backed central currencies in the late 1800s, central bank digital currencies (CBDCs) are becoming stablecoins as the primary form of digital currency supporting tokenization. A report prepared by the Treasury Department’s Debt Management Office, which will likely need to be replaced, states:Stablecoins accounted for the bulk of the 132-page report…

According to analysts, Dogecoin price is on an explosive growth trajectory. As a result, investors have renewed interest in Dogecoin (DOGE). While Dogecoin’s bullish potential is undeniable, experts believe Shiba Inu’s rival ETFSwap (ETFS) will deliver higher returns. As Dogecoin continues to make headlines, questions remain. Should crypto investors stick with DOGE, or does ETFSwap (ETFS) offer better rewards? Follow closely. Is Dogecoin price set for a long-term recovery or further decline? Dogecoin (DOGE) has recently seen a surge in trading volume, reaching multi-billion dollar levels. This surge in activity could mean a continuation or reversal of the recovery phase.…

Reddit (RDDT) stock soared more than 40% to an all-time high Wednesday after the social media company posted its first profit as a publicly traded company and reported third-quarter revenue that beat Wall Street expectations. The total amount was 117 dollars. Shares rose 42% to close at $116. On Tuesday night, Reddit reported quarterly revenue of $348 million, up 68% from a year ago and beating Wall Street’s forecast of $313 million. Reddit’s fourth-quarter earnings outlook also exceeded expectations. Adjusted earnings per share of $0.16 were below analysts’ expectations of $0.20, but Reddit reported its first profit since its $30…

Canary Capital recently filed a Solana ETF application with the U.S. Securities and Exchange Commission (SEC), marking the company’s second venture into a growing crypto ETF. The move comes amid Canary Capital’s series of crypto ETF filings. Canary Capital’s Solana ETF Application The latest SEC filing highlights the company’s goal to diversify its offerings beyond the cryptocurrencies it already targets, such as Bitcoin and Ethereum. Today, the company applied for the SOL ETF, but 21Shares recently withdrew its application, making it second only to VanEck’s SOL ETF. Prior to this, the company filed for a Litecoin ETF on October 15th.…