Shiba Inu (SHIB), often dubbed a “meme coin,” has taken a significant hit in market value recently, diverging sharply from the upwards trajectory experienced by major cryptocurrencies such as Bitcoin and Ethereum. While these leading digital assets enjoyed notable gains, Shiba Inu has witnessed a painful downward spiral, raising questions about its future performance amidst
Crypto
Bitcoin (BTC) has captured the attention of investors and analysts alike, witnessing a remarkable ascent throughout 2024, with its price surging approximately 150% since the beginning of the year. On December 17, Bitcoin transcended the monumental threshold of $108,000, sparking discussions regarding future price projections that range significantly based on recent speculations. Notably, some experts
In the volatile world of cryptocurrency, Bitcoin has once again taken center stage with a dramatic price surge followed by a significant retracement. After experiencing a steady incline over several days, marking new peaks and engaging the interest of investors, Bitcoin’s trajectory shifted downward, losing over $4,000 within a mere 12-hour period. This fluctuation not
Following a tumultuous period marked by financial turmoil and scandal, FTX and its associated debtor entities are set to initiate their Chapter 11 reorganization plan on January 3, 2025. This date represents a significant milestone, as it has been designated as the initial distribution record date for holders of allowed claims within the plan’s convenience
In a recent development, Binance, the largest cryptocurrency exchange in the world, has amplified its support for the meme coin Simon’s Cat (CAT). Initially launched on the BNB chain, CAT has captured attention not only for its whimsical branding but also for the heightened interest in meme-based cryptocurrencies which have become a significant part of
Lido, a leading protocol in the realm of liquid staking, has recently made headlines with its decision to phase out operations on the Polygon network. This move signifies not only the end of Lido’s venture into Polygon but also highlights the changing dynamics in decentralized finance (DeFi). After extensive discussions and a community vote, LDO
In a groundbreaking move for the realm of cryptocurrency, Aurora Labs, the brains behind the innovative blockchain Aurora which operates on the Near Protocol, has introduced a new decentralized trading platform tailored specifically for its AI meme coin, Turbo (TURBO). This announcement, as reported by CryptoPotato, highlights the launch of two vital components: TurboChain and
Bitcoin is once again capturing the spotlight in the cryptocurrency market, embarking on a compelling journey of price discovery. In recent trading sessions, Bitcoin has reached unprecedented heights, recently peaking just shy of $108,000. This resurgence is part of a broader bullish trend as various altcoins, including XRP, XLM, and CRO, exhibit healthy price movements
In the cryptocurrency market, the announcement of a new exchange listing can act as a powerful catalyst for price movements, especially for lesser-known tokens. This phenomenon is particularly evident during bullish market phases when investor enthusiasm amplifies the effects of such news. A recent case study involving the MOCA Network token (MOCA) showcases how an
Recent activity in the cryptocurrency market has shed light on the lucrative nature of meme coins, particularly exemplified by a dramatic transaction involving PEPE tokens. According to Lookonchain, a significant player—often referred to as a whale—made headlines by liquidating a colossal 2.1 trillion PEPE tokens after a prolonged period of inactivity that spanned 600 days.
