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Cryptocurrency: 3 Coins To Buy Under $0.5 in May 2024
1) VeChain (VET) was among the top-performing assets in the cryptocurrency market in Q1 of 2024. VET is currently trading around the $0.038 mark and is mostly moving sideways in the indices. It spiked nearly 70% between January to March riding the hype of the Bitcoin halving event.
2) Cardona’s Leading altcoin Cardona’s native token ADA is hovering around the $0.45 price range. ADA is receiving a large trading volume touching $282 million this week. Cardano’s ADA is consolidating in price and a leg-up from here could push the cryptocurrency to climb above the $0.50 mark in May 2024.
3) Dogecoin Billionaire Elon Musk could soon integrate Dogecoin as an official form of payment for customers to buy Tesla cars. If the cryptocurrency markets rally, Dogecoin is the first to spike double digits and deliver profits to investors. Dogecoin is mostly the sleeping giant of the cryptocurrency market and rallies when the market turns green.
1) VeChain (VET) was among the top-performing assets in the cryptocurrency market in Q1 of 2024. VET is currently trading around the $0.038 mark and is mostly moving sideways in the indices. It spiked nearly 70% between January to March riding the hype of the Bitcoin halving event.
2) Cardona’s Leading altcoin Cardona’s native token ADA is hovering around the $0.45 price range. ADA is receiving a large trading volume touching $282 million this week. Cardano’s ADA is consolidating in price and a leg-up from here could push the cryptocurrency to climb above the $0.50 mark in May 2024.
3) Dogecoin Billionaire Elon Musk could soon integrate Dogecoin as an official form of payment for customers to buy Tesla cars. If the cryptocurrency markets rally, Dogecoin is the first to spike double digits and deliver profits to investors. Dogecoin is mostly the sleeping giant of the cryptocurrency market and rallies when the market turns green.
Crypto Markets Break Down As Grayscale Sends Over $245,000,000 Worth of Bitcoin to Coinbase
Crypto markets have shed nearly $200 billion off their market cap in the last 24 hours as some of the industry’s biggest players appear keen to unload their coins.
According to crypto “de-anonymizing” platform Arkham, digital assets manager Grayscale has sent nearly a quarter of a billion dollars worth of Bitcoin (BTC) to Coinbase, potentially to sell on the open market. #tinytick
Crypto markets have shed nearly $200 billion off their market cap in the last 24 hours as some of the industry’s biggest players appear keen to unload their coins.
According to crypto “de-anonymizing” platform Arkham, digital assets manager Grayscale has sent nearly a quarter of a billion dollars worth of Bitcoin (BTC) to Coinbase, potentially to sell on the open market. #tinytick
$260 billion in trade without a single dollar
As the American debt’s wild growth of more than 34,600 billion dollars continues to raise concerns, the BRICS deliver another blow to the greenback. China and Russia, two founding countries of the alliance, plan to conduct 260 billion dollars of trade without resorting to a single American dollar. Only Russian ruble, Chinese yuan, and a little bit of euro. Other members of the coalition are expected to follow suit soon. Perceiving the immediacy of the threat, the USA reacts by combining threats and diplomacy. Details.
China and Russia accelerate the BRICS dedollarization plan
The threat of dedollarization of global trade has gone beyond the stage of rhetoric. Determined to dethrone the greenback, China and Russia plan to conduct this year 260 billion dollars of trade without using a single dollar.
As the American debt’s wild growth of more than 34,600 billion dollars continues to raise concerns, the BRICS deliver another blow to the greenback. China and Russia, two founding countries of the alliance, plan to conduct 260 billion dollars of trade without resorting to a single American dollar. Only Russian ruble, Chinese yuan, and a little bit of euro. Other members of the coalition are expected to follow suit soon. Perceiving the immediacy of the threat, the USA reacts by combining threats and diplomacy. Details.
China and Russia accelerate the BRICS dedollarization plan
The threat of dedollarization of global trade has gone beyond the stage of rhetoric. Determined to dethrone the greenback, China and Russia plan to conduct this year 260 billion dollars of trade without using a single dollar.
Hong Kong Spot Bitcoin ETF begins 30th April 2024. This is big win for the cryptocurrency!
This will be the first time in Asia that retail investors have a chance to trade cryptocurrency exchange-traded funds at spot prices.
The highly anticipated Hong Kong Spot Bitcoin ETF has officially begun trading today. Indeed, the investment vehicle had been approved to launch on April 30th, with the highly anticipated BTC offering officially going live. Now, all eyes are on how the product could greatly impact mainland China’s cryptocurrency sector.
The product approval was granted earlier this month. Moreover, the product is set to debut in the same year as the United States inaugural Spot Bitcoin ETFs. Trading will begin with three Chinese firms, China Asset Management, Bosera Asset Management, and Harvest Global Investment launching the offering.
This will be the first time in Asia that retail investors have a chance to trade cryptocurrency exchange-traded funds at spot prices.
The highly anticipated Hong Kong Spot Bitcoin ETF has officially begun trading today. Indeed, the investment vehicle had been approved to launch on April 30th, with the highly anticipated BTC offering officially going live. Now, all eyes are on how the product could greatly impact mainland China’s cryptocurrency sector.
The product approval was granted earlier this month. Moreover, the product is set to debut in the same year as the United States inaugural Spot Bitcoin ETFs. Trading will begin with three Chinese firms, China Asset Management, Bosera Asset Management, and Harvest Global Investment launching the offering.
Analysts Claim Altcoins Reached Market Bottom, Ready for New Bull Run
Michael van de Poppe, a renowned technical analyst, affirmed that the altcoins have bottomed out. He also disclosed his current investment strategy, emphasizing his preference for altcoins due to their attractive pricing.
Van de Poppe specifically highlighted altcoins like Optimism (OP), Chainlink (LINK), Celestia (TIA), Woo (WOO), and Skale (SKL). He noted their potential to triple in value against Bitcoin with minimal risk.
Similarly, another technical analyst, Luke Martin focused on the Ethereum ecosystem's strength relative to other sectors.
He pointed to coins such as Optimism (OP), Arbitrum (ARB), and Polygon (MATIC). These are currently receiving significant attention in the crypto market.
Michael van de Poppe, a renowned technical analyst, affirmed that the altcoins have bottomed out. He also disclosed his current investment strategy, emphasizing his preference for altcoins due to their attractive pricing.
Van de Poppe specifically highlighted altcoins like Optimism (OP), Chainlink (LINK), Celestia (TIA), Woo (WOO), and Skale (SKL). He noted their potential to triple in value against Bitcoin with minimal risk.
Similarly, another technical analyst, Luke Martin focused on the Ethereum ecosystem's strength relative to other sectors.
He pointed to coins such as Optimism (OP), Arbitrum (ARB), and Polygon (MATIC). These are currently receiving significant attention in the crypto market.
Saudi Arabia's NEOM secures $2.7 billion new financing facility
NEOM, a unit of the kingdom’s sovereign wealth fund, secured a new revolving credit facility (RCF) worth 10 billion riyals ($2.67 billion) from local lenders, according to a NEOM statement seen by Reuters on Sunday.
Saudi National Bank, Riyad Bank, and Saudi Awwal Bank acted as the lead arrangers on the new facility while other participant banks are Al Rajhi Bank, Alinma Bank, Arab National Bank, Bank Albilad, The Saudi Investment Bank, and Bank AlJazira, the press release shows.
The new facility will be used to support NEOM’s short-term financing requirements as it moves forward in the development of major projects.
($1 = 3.7505 riyals). #tinytick
NEOM, a unit of the kingdom’s sovereign wealth fund, secured a new revolving credit facility (RCF) worth 10 billion riyals ($2.67 billion) from local lenders, according to a NEOM statement seen by Reuters on Sunday.
Saudi National Bank, Riyad Bank, and Saudi Awwal Bank acted as the lead arrangers on the new facility while other participant banks are Al Rajhi Bank, Alinma Bank, Arab National Bank, Bank Albilad, The Saudi Investment Bank, and Bank AlJazira, the press release shows.
The new facility will be used to support NEOM’s short-term financing requirements as it moves forward in the development of major projects.
($1 = 3.7505 riyals). #tinytick
$1 billion Coinbase crypto move could be 'giant buy signal
On Thursday, $1.3 billion of the stablecoin USDC was transferred to America's largest crypto exchange, Coinbase, in five separate transactions, ranging from $150 million to $350 million each — seen as a potential “buy” signal for the world’s largest cryptocurrencies, bitcoin and ether.
Crypto analysts say that these transfers by so-called crypto whales, or investors who hold significant cryptocurrency holdings and can influence markets, might yield a “big impact.”
“If this is indeed a whale buying and at current prices, then yes, it can have a big impact on the price of the asset they are buying, which at that level is almost certainly only bitcoin and ethereum,” analyst Lark Davis told Cointelegraph. #tinytick
On Thursday, $1.3 billion of the stablecoin USDC was transferred to America's largest crypto exchange, Coinbase, in five separate transactions, ranging from $150 million to $350 million each — seen as a potential “buy” signal for the world’s largest cryptocurrencies, bitcoin and ether.
Crypto analysts say that these transfers by so-called crypto whales, or investors who hold significant cryptocurrency holdings and can influence markets, might yield a “big impact.”
“If this is indeed a whale buying and at current prices, then yes, it can have a big impact on the price of the asset they are buying, which at that level is almost certainly only bitcoin and ethereum,” analyst Lark Davis told Cointelegraph. #tinytick
Chinese yuan officially takes over US dollar
Chinese yuan has officially become the most traded currency in Russia, beating Unites States dollar amidst an ongoing genocide in Palestine, Watcher Guru reported
According to new data reports, trade in yuan make up 42% of currency trades in Russia, meanwhile, trading in dollar accounted for 39.5%.
Moreover, the figures show that the trading volumes for the yuan had tripled, reaching $385 billion in 2023.
With such extensive usage, it is anticipated that this year, trading in yuan will increase more than the figure last year.
Russia is currently battling several sanctions levied by the West, particularly the US, for its ongoing war in Ukraine. The levied sanctions have caused difficulties, hampering Russia's global supremacy status, rendering it incapable of carrying out national and international transactions via traditional and established routes.
To evade these sanctions, Russia has been looking for new alternatives such as using Chinese yuan to conduct foreign trade and offshore transactions replacing the US dollar.
Moscow is now intensifying its calls against the use of dollar, bringing up the idea of "de-dollarisation".
During an interview, Russian Prime Minister Mikhail Mishustin was noted urging Middle Eastern oil producing countries to switch from US dollar to national and regional currencies.
Chinese yuan has officially become the most traded currency in Russia, beating Unites States dollar amidst an ongoing genocide in Palestine, Watcher Guru reported
According to new data reports, trade in yuan make up 42% of currency trades in Russia, meanwhile, trading in dollar accounted for 39.5%.
Moreover, the figures show that the trading volumes for the yuan had tripled, reaching $385 billion in 2023.
With such extensive usage, it is anticipated that this year, trading in yuan will increase more than the figure last year.
Russia is currently battling several sanctions levied by the West, particularly the US, for its ongoing war in Ukraine. The levied sanctions have caused difficulties, hampering Russia's global supremacy status, rendering it incapable of carrying out national and international transactions via traditional and established routes.
To evade these sanctions, Russia has been looking for new alternatives such as using Chinese yuan to conduct foreign trade and offshore transactions replacing the US dollar.
Moscow is now intensifying its calls against the use of dollar, bringing up the idea of "de-dollarisation".
During an interview, Russian Prime Minister Mikhail Mishustin was noted urging Middle Eastern oil producing countries to switch from US dollar to national and regional currencies.
Why bitcoin is down today?
Bitcoin (BTC) stands on the cusp of a major surge, largely fueled by the imminent Bitcoin Halving slated for April 19. The halving event, occurring roughly every four years, slashes the rewards for mining new blocks, thereby reducing the pace of new bitcoin creation. This event is a cornerstone of Bitcoin's economic design, underpinning its status as the premier cryptocurrency by value.
However, despite this anticipation, Bitcoin's price has dipped today, hovering just above $66,000 at present. This contrasts with the earlier levels surpassing $71,000 on Friday, prompting concern among some investors about the sudden downturn. Yet, many analysts foresaw such fluctuations as the halving approached. April witnessed Bitcoin steadily climbing toward the $73,000 threshold observed during March's bullish crypto streak. Although the recent decline, marking a 5% drop in 24 hours, lacks a clear explanation, heightened trading volume hints at a potential correction. With the halving imminent, Bitcoin's trajectory is likely to stabilize, barring any unforeseen drastic events. #tinytick
Bitcoin (BTC) stands on the cusp of a major surge, largely fueled by the imminent Bitcoin Halving slated for April 19. The halving event, occurring roughly every four years, slashes the rewards for mining new blocks, thereby reducing the pace of new bitcoin creation. This event is a cornerstone of Bitcoin's economic design, underpinning its status as the premier cryptocurrency by value.
However, despite this anticipation, Bitcoin's price has dipped today, hovering just above $66,000 at present. This contrasts with the earlier levels surpassing $71,000 on Friday, prompting concern among some investors about the sudden downturn. Yet, many analysts foresaw such fluctuations as the halving approached. April witnessed Bitcoin steadily climbing toward the $73,000 threshold observed during March's bullish crypto streak. Although the recent decline, marking a 5% drop in 24 hours, lacks a clear explanation, heightened trading volume hints at a potential correction. With the halving imminent, Bitcoin's trajectory is likely to stabilize, barring any unforeseen drastic events. #tinytick
Top Cryptos to Invest in Now:
Fantom (FTM): Up 8% in 24 hours, aiming for $1.20+ retest. Potential 3-4x gains.
Toncoin (TON): Surged 7%, market cap over $22.5B. Partnership with Telegram and USDT expansion potential. Offers 3-5x gains.
Ethena (ENA): Hit record highs, market cap $1.16B. Popular DeFi protocol with 4x rally since launch. Bitcoin collateral option could drive 5x growth. #tinytick
Fantom (FTM): Up 8% in 24 hours, aiming for $1.20+ retest. Potential 3-4x gains.
Toncoin (TON): Surged 7%, market cap over $22.5B. Partnership with Telegram and USDT expansion potential. Offers 3-5x gains.
Ethena (ENA): Hit record highs, market cap $1.16B. Popular DeFi protocol with 4x rally since launch. Bitcoin collateral option could drive 5x growth. #tinytick
Crypto stocks see gains as Bitcoin surpasses $72K for the first time since March. U.S. crypto-related companies show positive momentum as Bitcoin's reward halving approaches. Coinbase (COIN) rises by 4.9% pre-market, MicroStrategy (MSTR) climbs 10%, and BlackRock's Bitcoin ETF (IBIT) increases by approximately 6.5%.
In April, two cryptocurrencies are poised to hit the $100 billion market cap.
1. Binance Coin (BNB): Driven by Binance's growth and token burning mechanism, BNB is nearing the milestone with a current market cap of $87 billion.
2. Solana (SOL): Despite network challenges, SOL shows resilience, fueled by meme coins and high DEX trading volume. With a market cap of $79.11 billion, it's on track to reach $100 billion.
1. Binance Coin (BNB): Driven by Binance's growth and token burning mechanism, BNB is nearing the milestone with a current market cap of $87 billion.
2. Solana (SOL): Despite network challenges, SOL shows resilience, fueled by meme coins and high DEX trading volume. With a market cap of $79.11 billion, it's on track to reach $100 billion.
Today, the crypto market is predominantly in the red, witnessing significant declines across various cryptocurrencies. Over the last 24 hours, the overall crypto market has shed approximately $120 billion from its total capitalization, currently hovering around $2.63 trillion. This decline follows notable drops in the prices of major coins such as Bitcoin, Ethereum, and Solana. Bitcoin, for instance, plummeted below $67,000, shedding around $3,000 in a sudden crash earlier today, leading to a flurry of liquidations. Check out for more #tinytick
Ripple, the force behind XRP Ledger, will release 1 billion XRP tokens on April 1, valued at $628.5 million. This monthly release may impact XRP's price negatively. Historically, Ripple has unlocked 1 billion tokens monthly since 2017, using various accounts like 'Ripple (22)' and 'Ripple (23),' according to XRPScan.
• These hidden gems could mint millionaires when altseason hits.
• Octavia (VIA-USD): AI-powered crypto aiding traders, growing fast.
• Nettensor (NAO-USD): Offers NetCloud service, poised for AI infrastructure demand.
• Banano (BAN-USD): Users contribute computing power for healthcare tokens.
• Octavia (VIA-USD): AI-powered crypto aiding traders, growing fast.
• Nettensor (NAO-USD): Offers NetCloud service, poised for AI infrastructure demand.
• Banano (BAN-USD): Users contribute computing power for healthcare tokens.
