Bitcoin Cash Jumps 30% in 24 Hours, Can BCH Break $500?

https://thenewscrypto.com/bitcoin-cash-jumps-30-in-24-hours-can-bch-break-500/

  • Bitcoin Cash (BCH) surges to $417 following a 30% rally in the last 24 hours.
  • BCH’s daily trading volume climbed over 122% in the last 24 hours, hitting $1.2 billion.

Amid a bullish surge in the cryptocurrency market, Bitcoin Cash (BCH) has displayed a significant turnaround, breaking through the $400 mark and soaring by over 30% in the last 24 hours. This surge marks a significant reversal from its recent slump, with BCH now trading at $410, a level not seen since January 2022.

As Bitcoin (BTC) and its altcoin counterparts experience a furious rally, Bitcoin Cash emerges as one of the top gainers, showcasing double-digit returns in the recent bullish reversal. Bitcoin Cash has attracted investor attention for everyday transactions and micro-transactions with its rapid transaction times and lower fees than Bitcoin.

The surge in Bitcoin ETFs has injected further momentum into the crypto market, with a record inflow of $673.4 million on February 28th. Notably, Blackrock contributed significantly to this influx, recording a historic $612.1 million in inflow on the same day. However, the Grayscale Bitcoin Trust (GBTC) witnessed a record outflow of $598 million on February 29th.

Bulls gear up for a moonshot in Bitcoin Cash.

Bitcoin Cash has showcased bullish momentum with a week-on-week growth of 53% and a staggering 72% rally in the past month. Further, the relative strength index (RSI) curve indicates overbought conditions, suggesting heightened investor interest and potential further upside. The trading volume of BCH has surged by 122% to $1.2 billion, reflecting increased activity and confidence in Bitcoin Cash’s upward trajectory.

Bitcoin Cash (BTC) Price chart (Source: TradingView)

It’s interesting to note that Bitcoin Cash appears to be making a strong comeback, with a significant surge in its price and a bullish candle forming on the daily chart. If the trend continues, BCH could break through the immediate resistance at $430 and possibly reach even higher levels at $450, prompting further rallies toward $500 and $550.

However, a reversal in trend could see BCH finding initial support at $380, potentially leading to a decline towards $320 and below, which could signal a bearish scenario below the $250 range. It will be interesting to see how the market reacts to these developments in the coming days.

Shido Token Plummets 94% in Exploit, Investigation Underway

https://thenewscrypto.com/shido-token-plummets-94-in-exploit-investigation-underway/

  • Shido token crashed 94% in 30 minutes, dropping from $0.007985 to $0.0002967.
  • The exploit targeted Shido’s Ethereum-based staking contract.

Shido, the layer-1 blockchain platform, witnessed a staggering 94% drop in its native token’s value within just 30 minutes, plunging from $0.007985 to $0.0002967. The tragic collapse came in the wake of a severe exploit detected in its Ethereum-based staking contract.

The security firm PeckShield raised the alarm on Thursday after identifying a suspicious “sudden owner transfer” transaction within Shido’s ecosystem. Subsequently, the new owner swiftly used an upgrade to the StakingV4Proxy contract, deploying a concealed withdrawToken function to drain off all available Shido tokens.

According to reports, the attacker withdrew a staggering 4.3 billion Shido tokens, amounting to nearly half of the total circulating supply valued at approximately $35 million before the exploit.

Shido’s Response to the Hack

In response to the crisis, Shido promptly initiated measures to address the breach, asserting their understanding of the technical complexities behind the exploit and fortifying defenses against potential future threats.

Further, an intensive investigation into the identity and motives of the hacker is underway. Additionally, Shido openly extends an invitation to the exploiter to engage in dialogue regarding a potential bounty arrangement.

Offering reassurance to affected users, Shido assured that all individuals who staked SHIDO would have their tokens fully restored.

At the time of writing, SHIDO has shown signs of recovery, trading at $0.003324 with a market cap of $27M. Remarkably, the daily trading volume for SHIDO surged by an unprecedented 1362%.

Spot Bitcoin ETFs Propel BTC to $64,000. All-Time High in Sight?

https://thenewscrypto.com/spot-bitcoin-etfs-propel-btc-to-64000-all-time-high-in-sight/

  • Bitcoin surged to $64,058 in just 10 hours, a 12% increase from $57,213.
  • Crypto exchange Coinbase crashes due to technical issues after BTC touches $64K.

The crypto market titan Bitcoin (BTC) has entered a bullish streak, achieving a significant breakthrough by exceeding the $64,000 zone for the first time since November 2021. 

BTC’s rally continued as it peaked at a new yearly high of $64,058 on February 28, marking a 12% price surge in just 10 hours, rising from $57,213. This month alone, Bitcoin has seen an astonishing 50% increase, largely fueled by investor interest in spot ETFs.

Following the BTC pump, one of the largest crypto exchanges, Coinbase, appears to have crashed, prompting user notifications and acknowledgment of the issue. The exchange’s status page indicates an ongoing investigation, with some users possibly experiencing zero balance in their accounts.

(Source: Coinbase)

Why is Bitcoin (BTC) Soaring?

Bitcoin is experiencing an uptick driven by several factors, including heightened interest in Bitcoin ETFs and anticipation surrounding the upcoming halving event, expected to occur on April 22, garnering increased attention within the crypto community.

The total Spot Bitcoin ETF trading volume exceeded $7.5 billion for the third consecutive day. BlackRock’s Bitcoin ETF saw trading activity reach $3.3 billion, doubling its previous volume record. 

Additionally, global asset management giant Morgan Stanley announced that it is reportedly considering offering Spot Bitcoin ETFs to its brokerage platform, signaling increasing institutional interest in cryptocurrency.

However, amidst the excitement, Bitcoin experienced a sudden price correction, plummeting to $59,7898 shortly after reaching its peak. Analysts attribute this correction to selling pressure at the $64,000 level and the liquidation of leveraged long positions. Nevertheless, Bitcoin has shown resilience and recovered nearly 5% of the lost ground.

Bitcoin (BTC) Price Chart (Source: TradingView)

At the time of writing, BTC is trading at $63,193 with a market cap of $1.22 trillion. The cryptocurrency’s surge is underscored by its 22% price rally in the last week and a staggering 170% surge over the past year. Additionally, BTC’s daily trading volume has skyrocketed by over 124% to $90 billion, reflecting heightened market activity.

With Bitcoin now only 10% below its all-time high of $68,789, investors are optimistic about the possibility of setting a new record in the coming days. However, if the current trend reverses, Bitcoin may find support levels at $61,116, followed by potential declines to $59,250 and $58,700, with the risk of entering a bear trap looming.

Binance Nigeria Witnessed $26B Flow From Unidentified Sources

https://thenewscrypto.com/binance-nigeria-witnessed-26b-flow-from-unidentified-sources/

  • Binance Nigeria has facilitated transactions exceeding $26 billion from unidentified sources within a year.
  • Olayemi Cardoso highlighted illicit and suspicious flows on certain platforms that caused the depreciation of the naira.

In a tumultuous period for cryptocurrency exchanges in Nigeria, Binance Nigeria has come under intense scrutiny as it facilitated transactions exceeding $26 billion from unidentified sources within the past year. The digital assets platform, known for its peer-to-peer trading model, allows users to engage in buying and selling cryptocurrencies with relative ease.

According to the local media channel, Governor Olayemi Cardoso of the Central Bank of Nigeria (CBN) revealed that $26 billion flowed through Binance Nigeria from “inadequately identified sources” and accounts over the past 12 months. This revelation comes amidst mounting pressure on the CBN due to the depreciation of the local currency, the naira, and persisting inflation, both of which continue to strain the nation’s economy.

(Source: Twitter)

Nigeria Plans to Begin Strict Restrictions

Further, in response to concerns about unregulated cryptocurrency trading, the CBN instructed the Nigerian Communications Commission (NCC) to ban access to crypto trading sites, including Binance and Kraken, in mid-February. However, despite the ban, many users reported continued access to these platforms, highlighting the challenges of enforcing such measures effectively.

Additionally, Cardoso also mentioned that they plan to adjust market regulations to prevent manipulation by imposing stricter charges and ensuring fairness and integrity in market operations.

Moreover, the controversy surrounding Binance deepened as its former CEO, Changpeng Zhao, faces legal action for serious violations, including anti-money laundering and sanctions breaches. As part of a plea deal, Binance has agreed to pay a record-breaking $4.3 billion in penalties, marking a significant chapter in US legal history.

Meanwhile, the sentencing of CZ, the former CEO of Binance, on money laundering charges has been postponed until April 30, according to the announcement made by the Seattle Federal Court. Originally scheduled for February 23, the reasons for the delay remain undisclosed.

Bitcoin Heads Towards $58,000 Amid Record Spot ETF Trading

https://thenewscrypto.com/bitcoin-heads-towards-58000-amid-record-spot-etf-trading/

  • Bitcoin is currently trading within the range of $57,150–$57,500.
  • Spot Bitcoin ETFs witnessed remarkable activity, hitting record trading volumes of $3.05 billion.

Bitcoin (BTC) continues its upward trajectory, rallying toward the $58,000 mark amidst heightened demand for spot Bitcoin ETFs. With BTC ETF trading volumes surpassing $3.05 billion for the second consecutive day, the market witnesses significant activity, notably with IBIT setting a new record of $1.32 billion in trading volume.

The Bitcoin price surge has seen it breach key resistance levels, including $57,500, reaching as high as $57,537. Currently, Bitcoin is trading above $57,150, maintaining stability above this crucial level of $57,100. Also, the on-chain indicators point to continued strength, with whale accumulation persisting over the past week.

Further, the global market cap has surged past $2.26 trillion following the BTC rally into the $57,150-$57,500 range. Additionally, the upcoming halving event, anticipated to occur on April 24th, is expected to drive more gains in the BTC market.

Bitcoin (BTC) Price Action

Analysts anticipate further upward movement, with projections indicating a potential climb to $60,000. According to the daily price chart, if the current trend persists, Bitcoin could potentially reach $57,850, paving the way for BTC to hit $60,230 and potentially touch its all-time high of approximately $69,000.

Bitcoin (BTC) Price Chart (Source: TradingView)

However, there are warnings of a possible reversal in the trend. If the current bullish momentum reverses, BTC may decline to $56,850, or even $56,340. A further decline to $55,900 could prompt an outflow from the BTC market, potentially triggering significant movement below the $55,000 threshold.

Despite these potential challenges, the overall sentiment remains bullish, driven by increasing institutional interest and sustained investor confidence in Bitcoin’s long-term potential.

PEPE VS BEFE: Which Meme Coin Will Give 100X Returns this Bull Run?

https://thenewscrypto.com/pepe-vs-befe-which-meme-coin-will-give-100x-returns-this-bull-run/

In the ever-evolving landscape of cryptocurrency, memecoins have emerged as unexpected contenders, driving both attraction and speculation within the community. As the crypto market navigates through the initial phases of an optimistic bull run, all eyes are on tokens that promise extraordinary returns, particularly those adorned with memecoins as their newfound spotlight.

Two such tokens, BEFE and PEPE, have recently captured the attention of traders and enthusiasts alike with their rapid rises and potential for exponential growth. While Shiba Inu (SHIB), Dogecoin (DOGE), and PEPE have long dominated the memecoin sector, the emergence of BEFE signifies a potential shift in the dynamics of this digital phenomenon.

However, all assets remain below $1. As the bull run unfolds, the community anticipates significant gains for their holdings. Yet, the question remains: will these memecoins reclaim their previous highs, or will a new contender seize the spotlight?

Pepe (PEPE)

Since April 2023, PEPE’s journey has been marked by fluctuating fortunes, swings between moments of a string of highs, and prolonged periods of skepticism. Despite facing bearish pressure and failed attempts at revitalization, PEPE’s recent surge above crucial bullish patterns suggests the potential for a resurgent bull run. 

While PEPE’s trajectory remains uncertain, its resilience amidst market dynamics underscores the enduring appeal of memecoins in the crypto world. Currently, PEPE is trading at $0.000002118 with a market cap of $899 million. 

Further, the price of PEPE soared by 97.63% over the past month and 65% since the beginning of the year. If this trend persists, PEPE could potentially experience a 10x increase, reaching $0.00002118 by the end of 2024.

BEFE (BEFE)

On the other hand, BEFE, with its total supply of 100 billion, has positioned itself as a community-driven project, foregoing taxes and presales to uphold the ethos of inclusivity and participation. 

Further, the token’s integration with the BRISE community, allowing BRISE holders to earn BEFE through staking, has garnered significant support and anticipation within the memecoin space. BEFE is available on MEXC, Gate.io, Uniswap, and PancakeSwap and it offers seamless swaps devoid of taxes, providing traders with an enticing opportunity amidst market volatility. 

According to TradingView, BEFE is currently priced at $0.0004144 and stands poised for exponential growth, with projections hinting at the possibility of 10x or even 20x returns in the coming months, with respective values estimated to reach the resistance levels of $0.0008288 and $0.004144.

As traders and enthusiasts speculate on the future of memecoins, the duel between BEFE and PEPE symbolizes the ever-shifting tides of innovation and community sentiment within the crypto sphere. While past champions like Shiba Inu and Dogecoin continue to hold sway, the emergence of BEFE signals a new chapter in the memecoin saga, characterized by inclusivity, community empowerment, and the pursuit of unprecedented gains.

For more information on BEFE, please visit or follow:

Website: https://befetoken.com/   

Telegram: https://t.me/befetoken 

X (Twitter): https://twitter.com/befetoken 

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

Bitcoin (BTC) Climbs Above $57K for the First Time in Two Years

https://thenewscrypto.com/bitcoin-btc-climbs-above-57k-for-the-first-time-in-two-years/

  • Bitcoin (BTC) hit a two-year high of $57,148.
  • Michael Saylor’s MicroStrategy acquired an additional 3,000 BTC, bringing its total holdings to 193,000.

Bitcoin (BTC) has surged past $57,000, marking its highest level in more than two years. The largest cryptocurrency has defied expectations of a looming price correction, climbing steadily in 2024.

The rally, which saw Bitcoin reach $57,148, displayed a significant 12% increase from its previous trading range. This surge comes after a period of relative stability, with Bitcoin trading within a narrow range for over a week.

Bitcoin (BTC) Price Chart (Source: TradingView)

At the time of writing, BTC is trading at $55,801, with a daily trading volume exceeding $45 billion, a surge of over 217%. Additionally, the price of Bitcoin has witnessed a 33% increase in the past month and a staggering 138% surge in the past year, reaffirming its status as a formidable asset in the financial landscape.

What’s Propelling Bitcoin (BTC) to New High?

The rise in Bitcoin’s optimism stems from increased investor interest in exchange-traded funds (ETFs). Bitcoin ETFs saw a net inflow of $5.6 billion, which commenced trading in the US on Jan. 11, which suggests growing interest in the cryptocurrency beyond its usual enthusiast base.

Another factor contributing to the positive sentiment is anticipating an upcoming reduction in Bitcoin’s supply growth, known as the halving. This event is seen as a bullish signal by many investors.

Moreover, Bitcoin advocate Michael Saylor, CEO of MicroStrategy, a business intelligence firm, continues to bolster confidence in Bitcoin. MicroStrategy announced the acquisition of an additional 3,000 BTC, bringing its total holdings to 193,000 BTC, valued at approximately $10.7 billion.

The overall value of the crypto market has seen a remarkable rise, standing at $2.22 trillion, as per CoinGecko. This is a huge increase from the lows experienced during the bear market of 2022, which saw the combined value plummet to about $1.2 trillion following the collapse of platforms like FTX.

Beam (BEAM) Price Prediction 2024, 2025, 2026-2030

https://thenewscrypto.com/beam-price-prediction-2/

  • Bullish BEAM price prediction for 2024 is $0.030235 to $0.055628.
  • Beam (BEAM) price might reach $0.05 soon.
  • Bearish BEAM price prediction for 2024 is $0.009310.

In this Beam (BEAM) price prediction 2024, 2025-2030, we will analyze the price patterns of BEAM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS

INTRODUCTION
  • Beam (BEAM) Current Market Status
  • What is Beam (BEAM)?
  • Beam (BEAM) 24H Technicals
Beam (BEAM) PRICE PREDICTION 2024
  • Beam (BEAM) Support and Resistance Levels
  • Beam (BEAM) Price Prediction 2024 — RVOL, MA & RSI
  • Beam (BEAM) Price Prediction 2024 — ADX, RVI
  • Comparison of BEAM with BTC, ETH
Beam (BEAM) PRICE PREDICTION 2025, 2026-2030
CONCLUSION
FAQ

Beam (BEAM) Current Market Status

XDC Current Market Status (Source: CoinMarketCap)

What is Beam (BEAM)

Current Price$0.03268
24 – Hour Price Change11.60% Up
24 – Hour Trading Volume$49,544,905
Market Cap$1,695,891,740
Circulating Supply51,846,347,346 BEAM
All – Time High$0.03014 (On Feb 3, 2024)  
All – Time Low$0.004241(On Oct 29, 2023)  
TICKERBEAM
BLOCKCHAINBeam Chain
CATEGORYGameFi Token
LAUNCHED ONOctober 2023
UTILITIESNative gas token, Staking, Buyback, and Burn mechanism.

Beam is a blockchain designed for gaming, simplifying game development and enhancing player experiences. Beam utilizes the BEAM token as its native cryptocurrency, powered by the Merit Circle DAO. With features like the Beam SDK, game developers can seamlessly integrate Beam for diverse applications. BEAM serves as the primary token for transactions and interactions within the Beam network, offering a smooth gaming experience. Additionally, it plays a vital role in governing the Merit Circle DAO, enabling token holders to participate in the gaming industry. 

Further, Beam’s partnerships with Immutable, Polygon, and the Merit Circle DAO have boosted its standing in the GameFi category, making it the third-ranking altcoin with a market cap close to $1.47 billion.

BEAM 24H Technicals

(Source: TradingView)

Beam (BEAM) Price Prediction 2024

Beam (BEAM) ranks 55th on CoinMarketCap in terms of its market capitalization. The overview of the BEAM price prediction for 2024 is explained below with a daily time frame.

BEAM/USDT Ascending Channel Pattern (Source: TradingView)

In the above chart, Beam (BEAM) laid out an Ascending Channel. Ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.

At the time of analysis, the price of Beam (BEAM) was recorded at $0.029086. If the pattern trend continues, then the price of BEAM might reach the resistance level of $0.029472 and $0.038691. If the trend reverses, then the price of BEAM may fall to the support of $0.027329, $0.024784, and $0.022530.

Beam (BEAM) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Beam (BEAM) in 2024.

BEAM/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Beam (BEAM) for 2024.

Resistance Level 1$0.030235
Resistance Level 2$0.055628
Support Level 1$0.016019
Support Level 2$0.009310

BEAM Resistance & Support Levels

Beam (BEAM) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Beam (BEAM) are shown in the chart below.

BEAM/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Beam (BEAM) market in 2024.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.019063
Price = $0.029343
(50MA < Price)
Bullish/Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions80.697942
<30 = Oversold
50-70 = Neutral

>70 = Overbought
Overbought
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume

Beam (BEAM) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of Beam (BEAM) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

BEAM/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Beam (BEAM).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum23.366056Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period91.65

<50 = Low
>50 = High

High volatility

Comparison of BEAM with BTC, ETH

Let us now compare the price movements of Beam (BEAM) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs BEAM Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of BEAM is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BEAM also increases or decreases respectively.

Beam (BEAM) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Beam (BEAM) between 2025, 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish Price
Beam (BEAM) Price Prediction 2025$0.046$0.0076
Beam (BEAM) Price Prediction 2026$0.061$0.0093
Beam (BEAM) Price Prediction 2027$0.084$0.0098
Beam (BEAM) Price Prediction 2028$0.092$0.0114
Beam (BEAM) Price Prediction 2029$0.124$0.0217
Beam (BEAM) Price Prediction 2030$0.15$0.0252

Conclusion

If Beam (BEAM) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish BEAM price prediction for 2024 is $0.055628. Comparatively, if unfavorable sentiment is triggered, the bearish BEAM price prediction for 2024 is $0.009310. 

If the market momentum and investors’ sentiment positively elevate, then BEAM might hit $0.05. Furthermore, with future upgrades and advancements in the Bem ecosystem, BEAM might surpass its current all-time high (ATH) of $0.03014 and mark its new ATH. 

FAQ

1. What is Beam (BEAM)?

Beam is a gaming-focused blockchain platform powered by the Merit Circle DAO, utilizing the BEAM token as its native crypto asset for transactions and governance within its network.

2. Where can you purchase Beam (BEAM)

Beam (BEAM) has been listed on many crypto exchanges, which include Binance, Bybit, DigiFinex, BingX, and Bitget.

3. Will Beam (BEAM) reach a new ATH soon?

With the ongoing developments and upgrades within the Beam platform, BEAM has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Beam (BEAM)?

On February 13, 2024, Beam (BEAM) reached its new all-time high (ATH) of $0.03014.

5. What is the lowest price of Beam (BEAM)?

According to CoinMarketCap, BEAM hit its all-time low (ATL) of $0.004241 on October 29, 2023.

6. WillBeam (BEAM) reach $0.05?

Beam (BEAM) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Beam (BEAM) will hit $0.05 soon.

7. What will be Beam (BEAM)price by 2025?

Beam (BEAM) price is expected to reach $0.046 by 2025.

8. What will be Beam (BEAM) price by 2026?

Beam (BEAM) price is expected to reach $0.061 by 2026.

9. What will be Beam (BEAM) price by 2027?

Beam (BEAM) price is expected to reach $0.084 by 2027.

10. What will be Beam (BEAM) price by 2028?

Beam (BEAM) price is expected to reach $0.092 by 2028.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

COTI (COTI) Price Prediction 2024, 2025, 2026-2030

https://thenewscrypto.com/coti-price-prediction/

  • Bullish COTI price prediction for 2024 is $0.25421 to $0.46951.
  • COTI (COTI) price might reach $0.5 soon.
  • Bearish COTI price prediction for 2024 is $0.07267.

In this COTI (COTI) price prediction 2024, 2025-2030, we will analyze the price patterns of COTI by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.

TABLE OF CONTENTS

INTRODUCTION
  • COTI (COTI) Current Market Status
  • What is COTI (COTI)?
  • COTI (COTI) 24H Technicals
COTI (COTI) PRICE PREDICTION 2024
  • COTI (COTI) Support and Resistance Levels
  • COTI (COTI) Price Prediction 2024 — RVOL, MA & RSI
  • COTI (COTI) Price Prediction 2024 — ADX, RVI
  • Comparison of COTO with BTC, ETH
COTI (COTI) PRICE PREDICTION 2025, 2026-2030
CONCLUSION
FAQ

COTI (COTI) Current Market Status

XDC Current Market Status (Source: CoinMarketCap)

What is COTI (COTI)?

Current Price$0.2442
24 – Hour Price Change24.96%
24 – Hour Trading Volume$372,302,619
Market Cap$323,502,967
Circulating Supply1,527,822,180 COTI
All – Time High$0.6826 (On Nov 01, 2021)  
All – Time Low$0.006226 (On Nov 09, 2019)  
TICKERCOTI
BLOCKCHAINEthereum
CATEGORYERC20
LAUNCHED ONMarch 2017
UTILITIESGovernance, P2P transaction, and transaction fee.

COTI (COTI) is the native token of the COTI ecosystem, facilitating transactions and serving as payment for fees and staking across three mainnets. Further, COTI stands out as one of the earliest blockchain protocols tailored for decentralized payments, catering to merchants, governments, payment DApps, and stablecoin issuers. 

Its premier application, COTI Pay, offers comprehensive finance on the blockchain, enabling companies to effortlessly develop advanced fintech products while saving time, data, and money. Positioned as an enterprise-grade fintech platform, COTI empowers organizations to create custom payment solutions and digitize currencies for enhanced efficiency and cost-effectiveness.

The ecosystem boasts a DAG-based blockchain, a proof-of-trust consensus algorithm, multiDAG, the Global Trust System (GTS), a universal payment solution, and a payment gateway.

COTI 24H Technicals

(Source: TradingView)

COTI (COTI) Price Prediction 2024

COTI (COTI) ranks 55th on CoinMarketCap in terms of its market capitalization. The overview of the COTI price prediction for 2024 is explained below with a daily time frame.

COTI/USDT Descending Channel Pattern (Source: TradingView)

In the above chart, COTI (COTI) laid out a Descending Channel. This is also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.

At the time of analysis, the price of COTI (COTI) was recorded at $0.22530. If the pattern trend continues, then the price of COTI might reach the resistance level of $0.26088 and $5.07919. If the trend reverses, then the price of COTI may fall to the support of $0.03757.

COTI (COTI) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of COTI (COTI) in 2024.

COTI/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of COTI (COTI) for 2024.

Resistance Level 1$0.25421
Resistance Level 2$0.46957
Support Level 1$0.13568
Support Level 2$0.07267
COTI Resistance & Support Levels

COTI (COTI) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of COTI (COTI) are shown in the chart below.

COTI/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current COTI (COTI) market in 2024.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.07906
Price = $0.21323
(50MA < Price)
Bullish/Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions86.76
<30 = Oversold
50-70 = Neutral

>70 = Overbought
Overbought
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume

COTI (COTI) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of COTI (COTI) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

COTI/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of COTI (COTI).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum61.72579Very Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period57.05

<50 = Low
>50 = High

High volatility

Comparison of COTI with BTC, ETH

Let us now compare the price movements of COTI (COTI) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs COTI Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of COTI is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of COTI also increases or decreases respectively.

COTI (COTI) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of COTI (COTI) between 2025, 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish Price
COTI (COTI) Price Prediction 2025$0.42$0.056
COTI (COTI) Price Prediction 2026$0.68$0.061
COTI (COTI) Price Prediction 2027$0.86$0.093
COTI (COTI) Price Prediction 2028$0.92$0.044
COTI (COTI) Price Prediction 2029$1.23$0.050
COTI (COTI) Price Prediction 2030$1.54$0.011

Conclusion

If COTI (COTI) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish COTI price prediction for 2024 is $0.46957. Comparatively, if unfavorable sentiment is triggered, the bearish COTI price prediction for 2024 is $0.07267. 

If the market momentum and investors’ sentiment positively elevate, then COTI might hit $0.5. Furthermore, with future upgrades and advancements in the Bem ecosystem, COTI might surpass its current all-time high (ATH) of $0.6826 and mark its new ATH. 

FAQ

1. What is COTI (COTI)?

COTI is a blockchain protocol optimized for decentralized payments and enterprise-grade fintech solutions, including its flagship application COTI Pay.

2. Where can you purchase COTI (COTI)?

COTI (COTI) has been listed on many crypto exchanges, which include  Binance, Zedcex Exchange, Bybit, DigiFinex, and Bitget.

3. Will COTI (COTI) reach a new ATH soon?

With the ongoing developments and upgrades within the COTI platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of COTI (COTI)?

On November 01, 2021, COTI (COTI)reached its new all-time high (ATH) of  $0.6826.

5. What is the lowest price of COTI (COTI)?

According to CoinMarketCap, COTI hit its all-time low (ATL) of $0.006226 on November 09, 2019.

6. Will COTI (COTI) reach $0.5?

COTI (COTI) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then COTI (COTI) will hit $0.5 soon.

7. What will be the COTI (COTI) price by 2025?

COTI (COTI) price is expected to reach $0.42 by 2025.

8. What will be the COTI (COTI) price by 2026?

COTI (COTI) price is expected to reach $0.68 by 2026.

9. What will be the COTI (COTI) price by 2027?

COTI (COTI) price is expected to reach $0.86 by 2027.

10. What will be the COTI (COTI) price by 2028?

COTI (COTI) price is expected to reach $0.92 by 2028.

Top Crypto Predictions

Shiba Inu (SHIB) Price Prediction

XDC Network (XDC) Price Prediction

Chainlink (LINK) Price Prediction 

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

DeFi Frenzy Propels Mantle Token (MNT) to All-Time High

https://thenewscrypto.com/defi-frenzy-propels-mantle-token-mnt-to-all-time-high/

  • Mantle token (MNT) recorded a new all-time high of $0.9493, reflecting a 20% surge.
  • If the current trend persists, Mantle is poised to reach the $1 mark soon.

The price of Mantle token (MNT) reached a new all-time high (ATH) of $0.9493 on Monday, February 26th, marking a 20% increase. This surge coincides with the heightened activity observed on Layer-2 DeFi platforms on the Ethereum blockchain network in recent days. Ethereum’s impending Dencun upgrade, promising enhanced network security and scalability, has also prompted optimism within the DeFi space.

At the time of writing, Mantle traded at $0.8843, accompanied by a daily trading volume of $221 million, reflecting a remarkable surge of over 253% within the last 24 hours. MNT has also displayed bullish momentum over the past 7 months, climbing nearly 82%. Over the last month alone, the token surged by 40%, followed by a 13% increase in the past seven days.

Additionally, following its mainnet launch in July last year, Mantle’s Layer-2 network has seen significant expansion, ranking as the seventh largest Layer-2 chain and boasting a total value locked exceeding $211 million, based on CoinGecko data.

The significant performance of MNT may be attributed to the ongoing development of Mantle’s DeFi ecosystem, known as DeFi Paradise. DeFi Paradise comprises a suite of decentralized finance applications integrated into the Mantle network, possibly driving investor confidence and interest.

Will Mantle (MNT) Reach $1?

According to the daily price chart, if the current trend persists, MNT could encounter immediate resistance at $1.2, potentially paving the way for further gains toward $1.5, thereby bolstering momentum for the token.

Mantle (MNT) Price Chart (Source: TradingView)

Conversely, if the trend reverses, MNT could see initial support at $0.82, with the possibility of further declines to $0.76. If the downtrend develops, Mantle may face significant downward pressure, testing support levels around $0.64.

Alongside MNT’s surge, several other top DeFi tokens, including UNI, COMP, COTI, SUSHI, and AAVE, have also experienced notable price rallies and increased trading activity, reflecting the broader bullish sentiment within the DeFi market.

Ethereum (ETH) Sets Eyes on $3500 Amid Continued Surge

https://thenewscrypto.com/ethereum-eth-sets-eyes-on-3500-amid-continued-surge/

  • Ethereum (ETH) has soared beyond $3,129, a level not witnessed since April 2022.
  • Ethereum’s surge aligns with the upcoming Dencun upgrade, set to enhance network throughput and lower transaction costs.

The prominent altcoin Ethereum (ETH) has surpassed the $3,120 mark, showcasing an uphill performance in the cryptocurrency market and outpacing Bitcoin. ETH’s current trading level, not seen since April 2022, is drawing significant market interest and hinting at potential future growth.

The Ethereum surge comes amid the forthcoming Dencun upgrade, poised to enhance throughput and reduce the cost of specific network transactions. Further, ETH’s upward trajectory remains intact and is trading comfortably above the $3,100 threshold, supported by its position above the 100-hour simple moving average. 

Notably, a new multi-week high of around $3,129 has been established, with the currency now in a phase of consolidating its gains. At the time of writing, Ethereum was trading at $3,108 with a daily trading volume of $13.3 billion. The price of ETH has surged over 3% in the past 24 hours and 7% over the past week.

What is Ethereum’s (ETH) Next Target?

According to the daily price chart, if Ethereum continues its upward momentum, it will encounter immediate resistance around the $3,180 level, with key resistance deceiving between $3,230 and $3,500. Surpassing these levels could ignite further bullish momentum, potentially rallying towards $3,700 and beyond, perhaps testing the $4,000 mark.

Ethereum (ETH) Price Chart (Source: TradingView)

Conversely, if Ethereum fails to breach the $3,180 resistance, it might trigger a corrective phase, with initial support expected near $3,040. Further, the $3,000 zone stands as a pivotal support level, followed by $2,950 and $2,920, with a potential downside of $2,850.

Despite this, MicroStrategy, a prominent business intelligence firm, faced a cybersecurity breach. The company’s X account fell victim to a fraudulent Ethereum token airdrop scheme, falsely promising users free tokens. However, cybersecurity experts have confirmed the scam, emphasizing that MicroStrategy has not initiated any token airdrop activities.

Bonk (BONK) Price Prediction 2024, 2025, 2026-2030

https://thenewscrypto.com/bonk-price-prediction/

  • Bullish BONK price prediction for 2024 is $0.00001343 to $0.00001796
  • Bonk (BONK) price might reach $0.0001 soon.
  • Bearish (BONK) price prediction for 2024 is $0.00000690.

In this Bonk (BONK) price prediction 2024, 2025-2030, we will analyze the price patterns of BONK by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS

INTRODUCTION
  • Bonk (BONK) Current Market Status
  • What is Bonk (BONK)?
  • BONK 24H Technicals
BONK (BONK) PRICE PREDICTION 2024
  • Bonk (BONK) Support and Resistance Levels
  • Bonk (BONK) Price Prediction 2024 — RVOL, MA, and RSI
  • Bonk (BONK) Price Prediction 2024 — ADX, RVI
  • Comparison of BONK with BTC, ETH
BONK (BONK) PRICE PREDICTION 2025, 2026-2030
CONCLUSION
FAQ

Bonk (BONK) Current Market Status

HBAR Current Market Status (Source: CoinMarketCap)

What is Bonk (BONK)

Current Price$0.0000118
24 – Hour Price Change2.63% Down
24 – Hour Trading Volume$72,542,079
Market Cap$745,416,807
Circulating Supply63,333,513,043,628 BONK
All – Time High$0.00003419 (On Dec 15, 2023)  
All – Time Low$0.00000009197 (On Dec 31, 2022)  
TICKERBONK
BLOCKCHAINBonk
CATEGORYDEXs
LAUNCHED ONDecember 2022
UTILITIESGovernance, security, gas fees & rewards

Bonk, the dog-themed memecoin on the Solana network, distinguishes itself by offering a level of utility not commonly found in meme coins. Created to restore liquidity to Solana-based decentralized exchanges (DEXs), Bonk has garnered attention for its practical use case within the crypto ecosystem. 

With airdrops distributed to the Solana community and a focus on community-driven development, Bonk embodies the ethos of decentralized finance (DeFi). Its utility-driven approach sets it apart from other meme coins, positioning Bonk as a potential standout performer in the 2024 bull market. 

As Bonk aims to bring liquidity to Solana-based DEXs and foster community engagement, it emerges as a compelling asset for investors seeking financial freedom in the crypto space.

Bonk 24H Technicals

(Source: TradingView)

Bonk (BONK) Price Prediction 2024

Bonk (BONK) ranks 101 on CoinMarketCap in terms of its market capitalization. The overview of the Bonk price prediction for 2024 is explained below with a daily time frame.

BONK/USDT Descending Triangle Pattern (Source: TradingView)

In the above chart, Bonk (BONK) laid out a descending triangle pattern. Descending Channel. This is also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.

At the time of analysis, the price of Bonk (BONK) was recorded at $0.00001142. If the pattern trend continues, then the price of BONK might reach the resistance levels of $0.00001217, $0.00001306, and $0.00001475. If the trend reverses, then the price of BONK may fall to the support of $0.00001118.

Bonk (BONK) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Bonk (BONK) in 2024.

BONK/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Bonk (BONK) for 2024.

Resistance Level 1$0.00001343
Resistance Level 2$0.00001796
Support Level 1$0.00000960
Support Level 2$0.00000690

BONK Resistance & Support Levels

Bonk (BONK) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bonk (BONK) are shown in the chart below.

BONK/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Bonk (BONK) market in 2024.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.00001267
Price = $0.00001144
(50MA > Price)
Bearish/Downtrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions36.36
<30 = Oversold
50-70 = Neutral

>70 = Overbought
Oversold
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesAbove cutoff lineStrong Volume

Bonk (BONK) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of Bonk (BONK) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

BONK/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Bonk (BONK).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum20.79Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period22.31
<50 = Low
>50 = High
Low Volatility

Comparison of BONK with BTC, ETH

Let us now compare the price movements of Bonk (BONK) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs BONK Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of BONK is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of BONK decreases, if the price of BTC and ETH decreases, the price of BONK increases.

Bonk (BONK) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Bonk (BONK) between 2025, 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish Price
Bonk (BONK) Price Prediction 2025$0.0002$0.000018
Bonk (BONK) Price Prediction 2026$0.0004$0.000011
Bonk (BONK) Price Prediction 2027$0.0005$0.0000015
Bonk (BONK) Price Prediction 2028$0.0006$0.0000024
Bonk (BONK) Price Prediction 2029$0.0008$0.0000031
Bonk (BONK) Price Prediction 2030$0.001$0.0000023

Conclusion

If Bonk (BONK) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bonk (BONK) price prediction for 2024 is $0.00001796. Comparatively, if unfavorable sentiment is triggered, the bearish Bonk (BONK) price prediction for 2024 is $0.00000690.

If the market momentum and investors’ sentiment positively elevate, then Bonk (BONK) might hit $0.0001. Furthermore, with future upgrades and advancements in the Bonk ecosystem, BONK might surpass its current all-time high (ATH) of $0.00003419 and mark its new ATH. 

FAQ

1. What is Bonk (BONK)?

BONK is Solana’s first dog-themed coin “for the people, by the people,” with the Solana community receiving 50% of the cryptocurrency’s entire supply via airdrop.

2. Where can you buy Bonk (BONK)?

Traders can trade Bonk (BONK) on the following cryptocurrency exchanges such as Binance, BlueBit, Bybit, OKX, and DigiFinex.

3. Will Bonk (BONK) record a new ATH soon?

With the ongoing developments and upgrades within the Bonk Platform, Bonk (BONK) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Bonk (BONK)?

Bonk (BONK) hit its current all-time high (ATH) of $0.00003419 on Dec 15, 2023.

5. What is the lowest price of Bonk (BONK)?

According to CoinMarketCap, BONK hit its all-time low (ATL) of $0.00000009197 on Dec 31, 2022.

6. Will Bonk (BONK) hit $0.0001?

If Bonk (BONK) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.0001 soon.

7. What will be the Bonk (BONK) price by 2025?

Bonk (BONK) price might reach $0.00005 by 2025.

8. What will be the Bonk (BONK) price by 2026?

Bonk (BONK) price might reach $0.00008 by 2026.

9. What will be the Bonk (BONK) price by 2027?

Bonk (BONK) price might reach $0.00012 by 2027.

10. What will be the Bonk (BONK) price by 2028?

Bonk (BONK) price might reach $0.00019 by 2028.

Top Crypto Predictions

Hedera (HBAR) Price Prediction

Cosmos (ATOM) Price Prediction

Flux (FLUX) Price Prediction 

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

FTX Customers Anticipate Payoff as Anthropic Shares Set for Sale

https://thenewscrypto.com/ftx-customers-anticipate-payoff-as-anthropic-shares-set-for-sale/

  • The U.S. bankruptcy court greenlights FTX’s Anthropic share sale.
  • FTX to repay all affected customers using Nov. 2022 crypto prices, tapping into $6.4B in cash reserves for settlements.

U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, has granted approval for FTX to sell its stake in Anthropic, the artificial intelligence company, marking a significant move for the cryptocurrency exchange’s post-collapse recovery.

FTX’s initial $500 million investment in the AI-developing start-up Anthropic in 2021 secured them a 13.56% equity stake, which has since been diluted to 7.84% due to subsequent fundraising rounds, including a notable $4 billion investment from Amazon.com. 

Despite opposition from some FTX customers who contested the ownership of the Anthropic shares, a compromise was reached in court, allowing the sale to proceed while reserving the right to argue ownership of the proceeds at a later date. 

With $6.4 billion in cash reserves, FTX aims to repay all customers affected by its 2022 collapse based on cryptocurrency prices as of November 2022, marking progress in its commitment to settle obligations and navigate through bankruptcy proceedings.

Additionally, former FTX CEO Sam Bankman-Fried (SBF) is set for sentencing on March 28th, having recently enlisted a new legal team.

TRON Network Hits All-Time High in Fee Revenue

https://thenewscrypto.com/tron-network-hits-all-time-high-in-fee-revenue/

  • TRON achieved an all-time high in fee revenue, reaching $1.758 million on February 20.
  • Circle ceases USDC support on the TRON blockchain by February 2025.

TRON’s fee revenue soared to a record-breaking $1.758 million on February 20, marking a significant milestone for the blockchain network. This significant momentum was propelled by the burning of 12,622,236 TRX tokens, a practice where transaction fees are eliminated by destroying tokens, aligning with TRON’s deflationary model.

TRON Network Revenue (Source: Tronscan)

Following all-time revenue growth, TRON’s daily accrued revenue places it fifth among blockchain protocols. Ethereum, Uniswap, Lido, and Bitcoin lead the pack, generating $12.06 million, $3.05 million, $3 million, and $1.66 million, respectively. Further, in terms of Total Value Locked (TVL), TRON stands at $8.625 billion, securing the second position after Ethereum’s $46.74 billion TVL.

However, Circle’s recent announcement added a twist to TRON’s trajectory. The issuer of the widely-used USD Coin (USDC) stablecoin declared its decision to discontinue support for USDC on the Tron blockchain by February 2025. Circle encourages users to transition their USDC holdings to platforms facilitating transfers to supported blockchains.

This move by Circle follows its denial of allegations linking USDC funding to terrorist organizations, reflecting a strategic shift in its blockchain support.

TRON (TRX) Price Chart (Source: CoinMarketCap)

Despite the USDC setback, TRON’s native token, TRX, surged to a 32-month high, reaching $0.14, a level unseen since May 10, 2021. Nonetheless, TRON’s daily trading volume witnessed a 28% decline, falling to $351 million, as per CoinMarketCap data.

Binance Coin (BNB) Heading to $400, Will it Sustain the Uptrend?

https://thenewscrypto.com/binance-coin-bnb-heading-to-400-will-it-sustain-the-uptrend/

  • Despite the global crypto market correction, Binance Coin (BNB) gained 7.50% to hit $386.
  • The BNB Chain achieved over 1.2 million daily active users in 2023.

Despite significant selling pressure over the global crypto market, Binance’s native token BNB has emerged as a standout performer, exhibiting a notable 7.50% surge over the last 24 hours accompanied by a 90% increase in trading volumes to exceed $2.62 billion. At the time of writing, Binance Coin (BNB) is priced at $380.13, boasting a market capitalization of $56.85 billion.

This surge comes hot on the heels of Bitcoin’s ascent to new highs nearing $53,000, only to be swiftly followed by a downturn that saw BTC plummet below $51,500, prompting a fresh phase of consolidation across the markets. Despite growing concerns about future price fluctuations, Binance Coin climbed to $386, a level last seen on May 1, 2022, displaying resilience and appearing to reach new peaks.

BSC Daily Active Users (Source: BNB Chain)

The recent momentum for BNB follows the unveiling of the BNB Chain and the Web3 Blueprint in a blog post by BNB Chain. The blockchain network boasts surpassing 1.2 million active users, a testament to its robustness despite Binance’s ongoing legal dispute with the US Securities and Exchange Commission (SEC). Notably, the total number of active users on the BNB chain has surged 7600% over the past four years, from 15,000 to 1,200,000, underscoring its growing popularity and adoption.

Binance Coin (BNB) Prepares for Potential Surge

Recently, the uncertainty about the Binance exchange led to a sharp drop in BNB prices, plummeting from $348 to $206. The crypto community anticipated the token might fall to double-digit levels, but a strong rebound halted the downward trend. 

According to the daily price chart, BNB showcases a bullish outlook, hinting at a potential ascent toward a 2X price target at the peak of the forthcoming bull run. Also, the current price pattern appears to be mirroring a similar technical pattern that parallels the 2021 bull run. If history repeats itself, BNB’s price could surge to the $600 range. 

Binance Coin (BNB) Price Chart (Source: TradingView)

Furthermore, if Binance Coin continues its bullish trajectory, it will encounter immediate resistance at $430, which could push the price to $490. Breaking past the $490 level could trigger further rallies, potentially propelling BNB to $520 and eventually $600. This could potentially help BNB surpass its all-time high of $690.

However, if BNB fails to sustain this bullish trajectory, it could see immediate support at $347, with further declines potentially testing the $303 mark. 

JasmyCoin (JASMY) Surges as Japan Advances Digital Asset Regulation

https://thenewscrypto.com/jasmycoin-jasmy-surges-as-japan-advances-digital-asset-regulation/

  • JasmyCoin (JASMY), Japan’s leading crypto project, surged over 30% in 24 hours and 93% in a week.
  • Japan is nearing allowing VC firms to hold digital assets directly.

JasmyCoin (JASMY), the leading cryptocurrency project in Japan, has displayed a significant surge in value over the past few days. According to CoinMarket data, JASMY has soared by over 30% in the last 24 hours, reaching $0.0124, marking a staggering 93% increase in just one week.

This surge coincides with Japan’s steps toward allowing venture capital firms and other investment entities to directly hold digital assets. Japan, known for its proactive stance in establishing regulatory frameworks for stablecoins, also aims to support Web3 development while prioritizing user protection. In September 2023, Japan signaled its intentions to ease regulations for VC firms investing in crypto startups.

JASMY Soars to New High

JasmyCoin (JASMY) is a cryptocurrency project developed by Tokyo-based IoT provider Jasmy Corporation. The Internet of Things (IoT) encompasses both mechanical and digital components with unique identifiers capable of data transmission. Jasmy Corporation specializes in data buying and selling, bridging service providers and data users through its platform.

Notably, whale activity in JASMY has intensified, with two dormant whales collectively moving 665.655 million JASMY ($5.36 million) from Coinbase. The whales bought 1.223 billion JASMY since October 2021 at an average price of $0.01679, spending $20.54 million. However, their current holdings are worth $10.88 million.

JasmyCoin (JASMY) Price Chart (Source: CoinMarketCap)

At the time of writing, JASMY is trading at $0.0124, boasting a market cap of $601 million. The last time JASMY reached the $0.02 range was in May 2022. Additionally, the daily trading volume for JASMY has surged by over 51.91% in the last 24 hours, reaching $836 million, signaling a notable surge in investor interest and activity in the cryptocurrency.

Ethereum (ETH) Surpasses $3,000. A Step Closer to All-Time High?

https://thenewscrypto.com/ethereum-eth-surpasses-3000-a-step-closer-to-all-time-high/

  • Ethereum (ETH) has hit the $3,000 mark for the first time since April 2022, indicating a significant uptrend in its value.
  • Ether outpaces Bitcoin with a 33% surge since the year’s start, surpassing Bitcoin’s 23% increase.

Ether (ETH), the native token of the Ethereum network, surged past the $3,000 mark on Tuesday, marking its highest value since April 2022. Over the past 24 hours, Ether’s price has risen by approximately 3.5%, reaching $3,033, and has displayed a significant 16% increase in the past week, outpacing other major cryptocurrencies, as per data from CoinMarketCap.

This notable upswing in ETH’s value has been triggered by two significant factors: the potential approval of a spot Ethereum exchange-traded fund (ETF) and the imminent Dencun upgrade. 

While the U.S. Securities and Exchange Commission (SEC) has sanctioned various spot Bitcoin ETFs, optimism surrounds the possibility of an Ethereum-based ETF approval. Further, the Dencun upgrade, slated for mid-March at slot 8626176, promises to bring significant enhancements to the Ethereum network. With features like proto-danksharding and fee reductions, it aims to boost network performance, reduce transaction fees, and improve interoperability within Ethereum’s ecosystem.

What is Ethereum (ETH) Next Target?

The broader cryptocurrency market has experienced a bullish trajectory in 2024, with major tokens surpassing their prolonged bearish price levels. Ether has surged by nearly 33% since the beginning of the year, outpacing Bitcoin’s 23% increase. Moreover, Ether is currently only 38% below its all-time high of $4,891, recorded on November 16, 2021.

Ethereum (ETH) Price Chart (Source: TradingView)

According to the daily price chart, if the current bullish trend persists, Ethereum’s rally could continue, with traders eyeing $3,500 as the next resistance level. A breakthrough beyond $3,500 could potentially trigger further momentum for Ethereum and set resistance at $4,000, possibly leading to a new all-time high.

However, in the event of a trend reversal, Ether is likely to find immediate support around $2,754. A breach of this support level could lead to further declines in ETH’s price, undoubtedly reaching $2,487, which might signal a more bearish sentiment in the market.

Crypto Market on the Rise; Top 3 Altcoin Picks for March 2024

https://thenewscrypto.com/crypto-market-on-the-rise-top-3-altcoin-picks-for-march-2024/

  • Bitcoin’s bullish momentum, driven by ETF excitement and the upcoming halving, has sparked investor interest in altcoins.
  • Kaspa, Stacks, and Worldcoin lead the charge in the crypto market.

In the midst of a bullish surge in the global cryptocurrency market, investors are eagerly eyeing potential altcoins for substantial gains. Bitcoin’s price has soared above $52,300, fueled by the excitement surrounding Bitcoin ETFs and the impending BTC halving, promising a significant rally in the market. Here’s a list of the top trending altcoins for March 2024.

Among the standout performers, Kaspa (KSP) has seen an astounding year-to-date growth of 96%, solidifying its position as one of the most booming altcoins of the year. Stacks (STX) has also experienced significant momentum, boasting a remarkable 88% increase during the same period. Further, Worldcoin stands out as another cryptocurrency poised for substantial growth.

Kaspa (KAS)

Kaspa (KAS) is showing bullish movement, surpassing key averages. Last year, KAS surged by 1,960%, with a recent 40% rise in the past two weeks. Today, KAS hits an all-time high of $0.175, with a market cap of $3.9 billion. In the previous week, it climbed from $0.1361 to $0.175, suggesting potential for significant spikes. Predictions indicate it could reach $0.296747 by 2024’s end. 

Stacks (STX)

Stacks (STX) is seeing gains across all charts, with a remarkable 47% growth in the past week alone. The year-to-date climb for the Stacks price stands at 88%, indicating its potential to soar to new levels. 

Last week, Stacks climbed from $1.88 to $3.61, which is the highest value of the coins (an all-time high). By breaking the crucial $3.5 price barrier, Stacks is now eyeing $5 as its next target. According to CoinMarketCap, Stacks is currently trading just 20.8% below its all-time high of $3.61. Additionally, Stack price predictions suggest it could reach $10 by the end of 2024.

Worldcoin (WLD)

Worldcoin (WLD) is a groundbreaking cryptocurrency project that utilizes retinal scanning for identity verification and is experiencing remarkable growth as its native token, WLD, surges in value. This growth is fueled by the project’s expanding user base, which recently surpassed one million wallet subscribers. Additionally, a significant purchase by a crypto whale has led to a notable 25% increase in the token’s price.

Today, Worldcoin reached an all-time high at $7.69, with a market cap of $1 billion. Over the last 24 hours, Worldcoin’s price surged by 41.93%, and WLD has soared by over 218% since the beginning of the year, rising from $2.42 to $7.69.

Adding to the excitement, Alameda Research, a now-bankrupt trading firm, holds a considerable amount of WLD tokens, constituting a significant portion of Worldcoin’s circulating supply. This development has sparked further trends and speculation within the crypto community.

As investors seek out opportunities beyond Bitcoin, the remarkable performances of leading altcoins are compelling options for those looking to capitalize on the burgeoning crypto market. 

Can Bitcoin (BTC) Surge Past $60k This Week?

https://thenewscrypto.com/can-bitcoin-btc-surge-past-60k-this-week/

  • Bitcoin (BTC) is attempting to break the crucial $55,000.
  • Currently, BTC is trading at $52,190 with a market cap exceeding $1.02 trillion.

Today, Bitcoin’s (BTC) price is attempting a fresh surge above the $52,000 resistance mark, showing a 1.82% increase to trade at $52,295, with a market cap exceeding $1.02 trillion. This surge comes after Bitcoin rallied above $52,900 last week, marking its highest point in 26 months. Currently, BTC trading between $51,500 and $52,500 hints at possible additional upward momentum. The question is, will the bull run continue?

The largest cryptocurrency has seen a 12% increase over the past week, continuing its steady climb from $38,500 at the end of January. This rally coincides with substantial inflows into U.S. spot bitcoin exchange-traded funds (ETF), notably with BlackRock’s IBIT accumulating over 28,000 bitcoins last week.

Further, open interest in Bitcoin has soared to a new 3-year high of $23.72 billion as of February 19, indicating a bullish sentiment among investors. This figure represents a substantial increase of around $6 billion since the beginning of February, consistently surpassing expectations for three consecutive trading days.

Bitcoin (BTC) Next Target

The $52,000 area represents a significant resistance level on long-term charts that played a crucial role in the attainment of BTC’s all-time high prices in September and December of 2021.

Current trends suggest stiff resistance around the $53,700 mark; overcoming this level could propel Bitcoin toward a retest of the $54,200 territory. The bulls’ next target could be $56,150, with a decisive move above this resistance potentially propelling the price toward the $58,300 resistance level. Further, the potential for another leg-up towards $60,000 hinges on the resumption of trends in Bitcoin ETFs.

Conversely, if BTC fails to breach $53,000, it may witness a sharp downswing below $48,000, signaling potential bearish control over the markets. Moreover, this scenario appears unlikely given the significant support around the $45,500 territory.

US Prosecutors Push for Binance’s $4.3B Plea Approval. The End Is Near?

https://thenewscrypto.com/us-prosecutors-push-for-binances-4-3b-plea-approval/

  • US prosecutors push the judge to accept Binance’s $4.3 billion penalty plea deal.
  • Former Binance CEO CZ faces up to 10 years in prison but is expected to receive 18 months.

Binance Holdings Ltd., a major cryptocurrency exchange, faces significant legal repercussions in the United States. US prosecutors are strongly advocating for a federal judge in Seattle to approve a plea deal with Binance, which has admitted to serious violations including anti-money laundering and sanctions breaches. The plea deal involves Binance agreeing to pay a record-breaking $4.3 billion in penalties, marking one of the largest criminal fines in US history.

According to the Bloomberg report, the prosecutors emphasized that senior executives at Binance were directly involved in intentional misconduct, justifying the substantial penalties proposed. The company’s failure to register as a money services business and its lack of an effective anti-money laundering program made it susceptible to exploitation by malicious actors seeking to evade sanctions and launder money. Notably, Binance admitted to facilitating transactions involving Hamas and other terrorist groups.

Former CEO Changpeng Zhao has also pleaded guilty to anti-money laundering charges and faces up to 10 years in prison. However, under the plea agreement’s terms, Zhao is expected to receive a shorter sentence, possibly up to 18 months. His sentencing is scheduled for April.

Further, the plea deal with Binance includes provisions for monitoring the company’s operations for up to five years to ensure compliance with regulatory standards. 

Kaspa (KAS) Hits New All-Time High. Can It Reach $1?

https://thenewscrypto.com/kaspa-kas-hits-new-all-time-high-can-it-reach-1/

  • Kaspa (KAS) reached an all-time high of $0.1688 with a $3.7B market cap.
  • The upcoming Bitcoin halving in April 2024 is driving Kaspa’s growth, with miners eyeing alternative PoW networks.

In the midst of a surging crypto market, Kaspa (KAS), a Layer-1 proof-of-work (PoW) cryptocurrency, has reached an all-time high of $0.1688, boasting a market cap of $3.7 billion. This swing comes as Bitcoin ETFs witness billions of dollars flowing in, prompting crypto investors to explore alternative avenues for investment.

Kaspa (KAS) Price Chart (Source: CoinMarketCap)

Since the SEC approved the BTC ETF on January 10th, the global altcoin sector has surged by $140 billion until February 16th. This rally has propelled several mega-cap altcoins close to reaching new all-time highs this month, indicating increased interest and confidence in the cryptocurrency market.

In that, Kaspa stands out for its GHOSTDAG protocol, which merges PoW security with Proof of Stake (PoS) speed. This unique feature has helped KAS perform exceptionally, outpacing major PoW coins like Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and the overall altcoin market.

Why is Kaspa (KAS) Surging?

Between February 1st and February 17th, KAS’s price surged by more than 73%, resulting in a $1.4 billion increase in its market capitalization. With an additional 18% gain in the last 24 hours, KAS has surpassed its previous global peak at $0.154, recorded on November 20th, 2023.

One significant narrative driving Kaspa’s recent growth is the upcoming Bitcoin halving expected in April 2024. Industry experts anticipate that over 20% of Bitcoin miners will go offline as block rewards are halved from 6.25 BTC to 3.13 BTC. This reduction in rewards could lead many miners to redirect their resources towards alternative Proof of Work networks like Kaspa and Litecoin, which offer more favorable returns.

Consequently, investors are directing more funds to KAS coins ahead of the Bitcoin halving, hoping for a potential uptrend. This could drive KAS’s price to new highs in the future. 

Bitcoin Stays at $52K. Is a BTC Correction Coming Soon?

https://thenewscrypto.com/bitcoin-stays-at-52k-is-a-btc-correction-coming-soon/

  • Bitcoin (BTC) is holding strong above $52,000.
  • Investor sentiment has turned bullish, with growing interest in call options priced above $60,000.

Recently, Bitcoin (BTC) has broken through the $52,000 barrier, fueled by sustained interest from institutional traders who continue to drive up demand for the cryptocurrency. The surge in Bitcoin’s price reflects a notable shift in investor sentiment, with a particular focus on call options set at high strike prices, indicating robust confidence in Bitcoin’s potential for further treasuring.

Further, investors are increasingly eyeing call options above $60,000, underscoring a bullish outlook on Bitcoin’s trajectory and signaling anticipation for significant price gains. Amidst this optimistic backdrop, Bitcoin is consolidating gains above the $52,000 resistance level and trading comfortably above the 100-hourly simple moving average, currently hovering around $52,350.

Bitcoin (BTC) Price Chart (Source: TradingView)

Although there was a slight dip below the $52,800 mark recorded on February 15, Bitcoin has managed to maintain its upward momentum. If the trend continues, the immediate resistance lies near $52,700, with key resistance levels at $53,250 and $53,860. A decisive breach above these levels could pave the way for a rally towards $54,000, with further upside potential towards $55,000.

Conversely, failure to surpass the $52,800 resistance zone could trigger a downside correction. Initial support is at around $51,700, followed by a crucial support level at $51,500. A break below $51,300 may signal bearish momentum, potentially leading to a retreat toward the $50,200 support zone and $49,450.

MicroStrategy Seen Huge Profit in BTC 

MicroStrategy, a leading business intelligence firm, has reported staggering profits from its Bitcoin holdings, which now exceed $10 billion. The company’s strategic investment in Bitcoin, initiated in 2020, has yielded remarkable returns, with its 190,000 Bitcoins valued at $10 billion as of the firm’s Q4 2023 report. MicroStrategy’s cost basis of $5.93 billion reflects a significant 70% unrealized profit from the weighty gains derived from its Bitcoin bet.

VeChain Spikes 67% Ahead of Major Announcements. Can VET Make an ATH?

https://thenewscrypto.com/vechain-spikes-67-ahead-of-major-announcements-can-vet-make-an-ath/

  • VeChain (VET) price jumped 67% over the past week.
  • Currently, VET is trading at $0.04793 with a market cap of $3.4 billion.

During Bitcoin’s recent surge to $52,300, followed by profit-taking, the altcoin market has displayed significant activity, with VeChain (VET) emerging as a standout performer. Over the past seven days, VET has surged by an impressive 67%, outpacing many of its counterparts in the crypto market.

VeChain is reflecting a broader trend of double-digit increases across various altcoins. At the time of writing, VeChain was priced at $0.04809, reaching levels last observed in April 2022. This signifies a notable 37.12% daily uptick, coupled with a significant surge in trading volume, which has surged by 263% to hit $341 million.

Further, the recent surge in VeChain’s price coincides with anticipation surrounding an impending announcement from the VeChain network. Community sources hint at forthcoming plans to leverage blockchain technology to enhance sustainability efforts. VeChain aims to establish interconnected ecosystems that incentivize and reward sustainable behaviors through blockchain-based solutions.

What is VeChain’s (VET) Next Target?

According to the daily price chart, VeChain showcases a potential breakout. If the current trend persists, VET is expected to breach the $0.058 and $0.75 resistance levels. That would pave the way for further bullish momentum towards the $0.165 range.

VeChain (VET) Price Chart (Source: TradingView)

Conversely, if a reversal trend occurred, VeChain could see immediate support at $0.0395, with potential declines to $0.037 and $0.034 levels.

Shiba Inu Whales on the Move. Will SHIB Pump to $0.0001?

https://thenewscrypto.com/shiba-inu-whales-on-the-move-will-shib-pump-to-0-0001/

  • Shiba Inu (SHIB) surges to $0.000009917 rage. 
  • SHIB’s bullish signal is underscored by a notable surge in active addresses.

The global cryptocurrency market displays a surge in activity as Bitcoin’s rally above $52,500 sparks renewed investor interest, particularly in Shiba Inu (SHIB), the second largest memecoin, which has been muted since its layer 2 blockchain, Shibarium launch. Recent data reveals a notable uptick in new and active addresses for SHIB, indicating growing enthusiasm among investors.

Over the past week, there has been a 5% increase in newly registered Shiba Inu wallets, along with a 29% surge in active addresses. Additionally, addresses holding zero SHIB balance have surged by 80% during the same period.

Further, whale activity in the Shiba Inu ecosystem has also intensified, as reflected in a substantial increase in netflows of large holders, up by over 1700% according to IntoTheBlock data. This surge in netflows suggests significant accumulation by major players, possibly signaling bullish sentiment.

However, despite the heightened activity and interest, a significant portion of SHIB investors find themselves at a loss, with 62.49% of holders experiencing losses compared to 34.31% enjoying profits. Moreover, the Shiba Inu burn rate has seen a decline of over 38.34% in the last 24 hours. That adding another layer to the evolving dynamics within the SHIB ecosystem. 

Will Shiba Inu (SHIB) Pump to New High?

In terms of price action, Shiba Inu has displayed a downtrend since its peak of $0.000011 on December 17. Nevertheless, recent trends show a potential uptrend, with SHIB’s current price at $0.000009917. 

Shiba Inu (SHIB) Price Chart (Source: TradingView)

If the memecoin continues its bullish trend, analysts suggest immediate resistance at $0.00001012. That could lead to further gains toward $0.00001608. A breach above $0.00002308 could set a new bullish trajectory towards $0.00003408potentially propelling SHIB to $0.000057 and $0.0001.

Conversely, failure to sustain the rally may see SHIB finding crucial support at $0.000009504, potentially triggering a decline towards $0.000009203 and possibly even $0.00008564.

At the time of writing, SHIB was trading at $0.00000981 with a daily trading volume of $201 million, marking an increase of over 47% in the last 24 hours.

Starknet Airdrop to Be Live Next Week. What to Expect?

https://thenewscrypto.com/starknet-airdrop-to-be-live-next-week-what-to-expect/

  • Starknet has scheduled an airdrop for its native token, STRK, on February 20th.
  • Approximately 1.3 million wallets are eligible to receive the STRK token.

The Starknet Foundation has unveiled its highly anticipated token airdrop, scheduled to begin on February 20. The native token for the Ethereum layer-2 blockchain Starknet, dubbed STRK, will be distributed to approximately 1.3 million eligible wallets. Recipients will have until June 20 to claim their share of the 728 million token airdrop.

As a layer-2 blockchain leveraging zero-knowledge cryptography, Starknet has garnered significant anticipation within the crypto sphere. This STRK airdrop is designed to promote community engagement within the Starknet ecosystem.

STRK Airdrop Allocation (Source: Straknet)

Over 500,000 Starknet wallets and 600,000 StarkEx wallets qualify for the airdrop, along with 137,000 open-source developers and 19,000 ETH stakers. Notably, more than 2,000 individuals enrolled in the “Starknet Early Community Members Program” will receive substantial allocations based on their contributions to the network’s development.

The announcement comes amidst Starknet’s significant growth, with the network’s total value locked (TVL) surging from under $1 million to over $56 million within a year. Since December, the anticipation surrounding the airdrop has catalyzed a 75% increase in TVL, indicating significant community interest and engagement in Starknet’s ecosystem.

Overall, the imminent launch of the STRK token grabs significant attention within the crypto community, resonating prominently across crypto Twitter.

Bitcoin (BTC) Is Below $50K. Should Investors Worry?

https://thenewscrypto.com/bitcoin-btc-is-below-50k-should-investors-worry/

  • Bitcoin (BTC) experienced a brief dip, retracing to $48,472.
  • Bitcoin remains bullish, targeting $51,500.

Bitcoin (BTC), after hitting a high near the $50,400 mark, displayed a slight downturn, testing the $48,406 level. However, the largest crypto is currently striving to surpass the $50,000 mark again amidst a backdrop of what analysts are terming a “golden bull phase” in the market.

Despite the prolonged setback, Bitcoin managed to surge above the $48,500 resistance level, briefly breaching the $50,000 threshold before encountering resistance. A new multi-week high near $50,300 was reached before a corrective move ensued, which was the highest level since January 2022.

What’s Next for Bitcoin (BTC)?

The recent slight pullback in Bitcoin’s price coincided with the release of January’s consumer price index (CPI) data by the US Bureau of Labor Statistics. The CPI stood at 3.1%, surpassing expectations of 2.9%, prompting a sharp correction across financial markets. Wall Street’s S&P 500 Index witnessed a 1.37% drop, marking its worst CPI-day performance since September 2022.

Also, the global crypto market declined around 0.36%, with Bitcoin retracing to $48,472. However, currently, Bitcoin is trading above $49,550 and the 100-hourly simple moving average, with a key bullish trend line forming around the $49,750 resistance level on the hourly chart of the BTC/USD pair. 

Bitcoin (BTC) Price Chart (Source: TradingView)

The immediate resistance is anticipated near the $49,900 level. If BTC successfully breaches the $50,000, it could initiate another significant uptick, with potential targets at $50,400 and beyond. 

Conversely, if BTC fails to surpass $50,000, it might trigger another downward correction, with initial support at $49,200. Further downside could see Bitcoin testing support levels around $48,700, with a close below $48,400 potentially indicating increased bearish momentum and a downside target around $47,950.

GameFi Token BEAM Surges to All-Time High. Should You Buy?

https://thenewscrypto.com/gamefi-token-beam-surges-to-all-time-high/

  • GameFi token BEAM reaches an all-time high of $0.03014.
  • The global crypto market has turned bullish, rising over 4.3% in the past 24 hours to reach $1.87 trillion.

As Bitcoin (BTC) approaches its two-year high and the entire altcoin market shows upward trends, the leading GameFi cryptocurrency Beam (BEAM) hits an all-time high of $0.03014, with a 25% surge in the past 24 hours from $0.024.

BEAM Price Chart (Source: CoinMarketCap)

The bullish momentum for BEAM has been building since early December 2023, following a chain migration and GameFi recovery period that saw a remarkable 275% surge in just six weeks. 

Additionally, Beam’s recent strategic partnerships with Immutable, Polygon, and the Merit Circle DAO have propelled it to the forefront of the GameFi category, securing its position as the third-ranking altcoin with a market cap nearing $1.47 billion.

BEAM Token on the Bullish Rally

BEAM is the native token of the Beam cryptocurrency network. It serves as a utility token, powering network operations and governance within the ecosystem. With a primary focus on the gaming ecosystem, Beam enables smooth collaboration between developers and gamers, leveraging its token to facilitate transactions and contribute to the governance structure through the Merit Circle DAO.

Looking at the BEAM’s price action in the weekly time frame, it appears poised to reach new all-time highs if the current trend persists. However, if BEAM fails to stay above $0.025, there’s a chance of a reversal, potentially dropping to crucial support levels at $0.021 and even further down to $0.0199.

At the time of writing, BEAM is trading at $0.02844, with a daily trading volume exceeding $126 million, marking a significant 73% surge over the past 24 hours.

Why Is Binance Founder CZ’s Sentencing Delayed to Late April?

https://thenewscrypto.com/why-is-binance-founder-czs-sentencing-delayed-to-late-april/

  • Binance founder CZ’s sentencing, initially scheduled for February 23, has been postponed.
  • The new sentencing date is set for April 30th.

The sentencing for the largest crypto exchange, Binance founder Changpeng Zhao, also known as CZ, on a money laundering charge, has been postponed until April 30, as per the announcement made by the Seattle Federal Court. Originally set for Feb. 23, the delay’s reasons remain undisclosed.

Zhao’s sentencing has garnered significant attention, particularly after a November 24 filing by the prosecution hinted at the possibility of an 18-month prison term following his guilty plea to money laundering charges. Legal experts also suggest a minimum-security prison term of 12–18 months under U.S. guidelines, although Zhao’s defense may push for leniency, advocating for alternatives like home detention and probation.

Currently, CZ is out on bail with a $175 million bond. Additionally, he remains residing in the US and faces travel restrictions, as a federal court denied his request to leave for Dubai. 

Moreover, in a bid to secure his appearance, Zhao recently offered his equity in Binance.US, valued at approximately $4.5 billion, as collateral, as revealed in a letter to Judge Richard Jones.

Bull Run Is Here for Immutable? As IMX Makes Two Years High

https://thenewscrypto.com/bull-run-is-here-for-immutable-as-imx-makes-two-years-high/

  • Immutable (IMX) hits a two-year high of $3.05.
  • Bulls hold ground, IMX aims for $3.50 and $4.

Immutable (IMX) has surged to a two-year high, hitting $3.05 amidst a flurry of bullish sentiment within the cryptocurrency market. This 11% jump signals a notable uptrend after a period of neutrality, reflecting growing investor optimism in the coin’s potential.

Despite overall market downturns, IMX has defied the odds, boasting a significant 13.5% gain, rising from $2.68 to $3.05 over the past 24 hours and currently trading at $2.96. This surge has propelled the asset’s market capitalization beyond the $4 billion mark, securing its position as the 21st-largest cryptocurrency by market cap.

Immutable (IMX) Price Chart (Source: CoinGecko)

In addition to its impressive price performance, Immutable has witnessed a notable uptick in trading volume, experiencing a 7.51% rally with volumes reaching around $231 million within the past 24 hours.

Trading above the critical $2.50 resistance level, Immutable’s current price of $2.96 suggests a continuation of the upward trajectory. However, bears are anticipated to mount a strong challenge around the $2.95 mark. A failure to sustain prices above $2.50 could signal weakening bullish momentum.
Conversely, if bulls maintain their stronghold and surpass the $3.05 resistance level, it could pave the way for further gains, potentially pushing the pair towards $3.50 and eventually $4, reinforcing bullish sentiments within the market.

Bitcoin (BTC) Hits an All-Time High in 2024! But It’s Not What You Think

https://thenewscrypto.com/bitcoin-btc-hits-an-all-time-high-in-2024-but-its-not-what-you-think/

  • Bitcoin (BTC) has reached an all-time high in Argentina, hitting $48,705.62.
  • The Argentine peso has plummeted by 99% against the U.S. dollar.

In Argentina, Bitcoin (BTC) has surged to an all-time high, reaching an unprecedented value of ARS 40,378,016 ($48,705.62), according to CoinGecko data. This surge comes amidst the country’s grappling with a severe economic crisis, witnessing the peso’s value plummeting by a staggering 99% against the U.S. dollar since the onset of the currency turmoil in 2018.

Bitcoin (BTC) Price Chart (Source: CoinGecko)

The relentless inflation in Argentina has driven its citizens to explore alternative financial avenues, leading to a surge in the adoption of Bitcoin. Rather than opting for the volatile Bitcoin, Argentinians are increasingly turning to black market exchanges known as “crypto caves” to acquire U.S. dollar stablecoins, aiming to evade stringent currency controls and the triple-digit inflation plaguing the Argentine peso (ARS).

Further, the escalating risks of peso devaluation have fueled the next level, as the Argentine inflation rate surged to a 32-year high of 211.4% in 2023, per the latest update from Argentina’s statistics agency, INDEC.

Additionally, Bitcoin’s significant ascent in the Argentine markets mirrors the relentless devaluation of the ARS. At the time of writing, Bitcoin traded at ARS 39,883,465 with a market cap of $944 billion. BTC has soared by over 120% year-to-date.

As the U.S. dollar becomes scarce, more people in Argentina are turning to Bitcoin to protect their money from the falling peso. This signals a notable change in Argentina’s financial dynamics amid persistent economic difficulties.