The post Hamster Kombat Token (HMSTR) Dips 38%: Will This Popular Game’s Crypto Recover or Sink Further? appeared first on Coinpedia Fintech News

The Hamster Kombat token (HMSTR) entered the crypto scene with much anticipation, but its journey has been far from smooth. Launched on September 26, the token initially attracted widespread interest, especially among players of the popular tap-to-earn game Hamster Kombat. 

However, within just six days, the token’s price has plunged by a staggering 38%, leaving investors and users wondering: will HMSTR recover, or is this the start of a prolonged downtrend?

What’s Causing HMSTR’s Price to Drop?

The token faced challenges even before it hit the market. Just days before its listing on major exchanges like Binance, an anti-cheating mechanism was suddenly introduced, disappointing many users. The hashtag #HMSTR trended on X for days, reflecting growing frustration. Despite a brief surge to $0.01004 after the launch, the price quickly plummeted, and HMSTR is now down by 46%, sitting at $0.005411. Adding to the woes, trading volumes have declined by 35%, with 24-hour volume falling to $157 million.

One major factor behind the price crash is the token’s extreme price fluctuation. The sudden decline in demand, combined with technical issues surrounding its release, pushed the token into a steep downtrend. User discontent, stemming from disappointing token rewards in the game, has also played a role, further contributing to the token’s bearish performance.

Will HMSTR Bounce Back?

Despite its poor showing, Hamster Kombat still holds some promise. It remains the 162nd largest cryptocurrency by a market cap of $348 million. Notably, only 64.38% of its total supply is in circulation, leaving room for future liquidity, which could help stabilize the price. On the technical side, indicators like the Relative Strength Index (RSI) show that the token is in the overselling zone. While this is usually a bearish signal, it could also mean that the downtrend is nearing its end, potentially leading to a price reversal. 

However, other indicators like the Directional Movement Index (DMI) and Average Directional Index (ADX) suggest that the bearish sentiment around HMSTR remains strong for now. While a reversal is possible, it will likely take time and require a reduction in selling pressure before the token shows signs of sustained recovery. 

Plus, Coinglass data also shows a 6.76% increase in open interest over the last 24 hours, which could signal renewed interest from traders betting on a recovery.

Conclusion

Hamster Kombat, despite being one of the most popular Telegram-based tap-to-earn games with over 300 million users, has had a rocky start with its HMSTR token. It dropped 38% since launch. While the short-term outlook remains bearish, long-term recovery is still possible. Investors should be cautious but keep an eye on market developments

Also Read :

  GCR Claims $1M EIGEN Airdrop: Is a Massive Sell-Off Coming?

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The post Ripple’s 800 Million XRP Lock, Bull Rally Ahead? appeared first on Coinpedia Fintech News

The overall cryptocurrency market is once again gaining momentum. Amid this, Ripple has locked 800 million XRP tokens in escrow. This substantial locking of XRP occurred in three different transactions, as reported by the blockchain transaction tracker, Whale Alert.

Source: X (Previously Twitter) 800 Million XRP Locked

In general, this substantial locking of XRP is often considered a bullish sign as it creates more stability and confidence in the market. Additionally, it is Ripple’s long-term strategy for managing token distribution.

With such a notable amount of XRP locked, it raises the question of whether this will create buying pressure in the market or if we are about to experience a significant rally in the coming days.

XRP Price Momentum 

As of now, XRP is trading near $0.622 and has experienced a price decline of 1.45% over the past 24 hours. During the same period, its trading volume declined by 50%, indicating lower participation from traders and investors, potentially due to the high volatility in the market.

XRP Technical Analysis and Upcoming Levels

According to the expert technical analysis, XRP is struggling to break the strong resistance level near $0.65. Additionally, the formation of a daily candlestick pattern at the resistance level indicates a price reversal, as a bearish engulfing candle has formed.

Source: Trading View

If XRP breaks this level and closes a daily candle above the $0.65 level, there is a strong possibility that it could soar by 12% to reach the $0.74 level in the coming days. Despite this bullish outlook, the asset is still in an uptrend as it trading above the 200 Exponential Moving Average (EMA) on a daily time frame.

XRP’s On-Chain Metrics 

Besides positive outlooks by technical analysis, on-chain metrics indicate a bearish sentiment. According to on-chain analytics firm Coinglass, XRP’s Long/Short ratio currently stands at 0.924, indicating a strong bearish sentiment among traders.

Source: Coinglass

Additionally, its future open interest has declined by 4.5% and has been steadily falling, indicating potential liquidation of positions amid recent volatility in the market.

At present, 52% of top traders hold short positions, while 48% hold long positions. Analyzing all these data, it appears that bears are currently dominating the asset, and XRP’s struggles will continue until it breaks the $0.65 level.

The post Bitcoin’s Bear and Bull Market Targets Revealed: A Rise Above $100k or Dip Below $30k? appeared first on Coinpedia Fintech News

Gareth Soloway, Chief Market Strategist of Verified Investing.com, recently explained that Bitcoin has been closely following the equity markets. While there’s a bit of weakness in both, he finds Bitcoin’s decline concerning. 

In an interview with David Lin, he said that this should be a time when Bitcoin hits new all-time highs, especially with the stock market also at its peak. However, Bitcoin is showing weakness instead. Despite the larger trend channel being bullish, Gareth said that if the market drops further, Bitcoin could return to the $50,000–$49,000 range, which are key support levels.

Will Bitcoin Dip Below $30k?

If Bitcoin holds these levels, it would be a good buying opportunity. However, if these levels break, he advises stopping out immediately, as the stock market collapse could drive Bitcoin down to the low $30,000s. 

Gareth also pointed out that many new retail investors, entering Bitcoin due to the rise of spot ETFs, could panic if the market turns, causing a further decline. A 50% correction is typical in Bitcoin bear markets, so a fall to the low $30,000 range is possible if it enters a bear market. 

Is $100k On The Horizon?

The $52,000–$49,000 range is critical support; if Bitcoin breaks below it, there may be no major support until the low $30,000s. Similarly, if Bitcoin breaks above the $69,000–$70,000 range, which he sees as a key resistance level, it could trigger a rapid rise to $100,000 within three to four months as more money flows into the market.

Why Didn’t Bitcoin Hold $70k Levels?

Gareth was asked why Bitcoin didn’t hold its previous all-time high of $70,000 earlier this year. He explained that the shift in market trends is the reason. Instead of tech stocks like Microsoft and Nvidia leading the way, more defensive stocks like Walmart are driving the market now. Bitcoin, being a riskier asset, hasn’t benefited from this, as investors are moving toward safer options. He concluded that Bitcoin’s short-term struggles are due to this shift to safer stocks. 

The post Bitcoin Price Prediction: Bears Revisit $62k Levels, Bearish Trend or Short-Term Pullback? appeared first on Coinpedia Fintech News

According to analyst Josh of Crypto World, Bitcoin is currently facing significant resistance and is showing signs of a short-term cool-off from overbought conditions. This cooling off may result in more liquidations soon. The short-term outlook for Bitcoin suggests a period of price consolidation or a potential bearish move if key support levels fail to hold.

Bitcoin is now rejecting from a critical resistance line, sitting near $67,000 to $68,000. This level has been a major resistance point for the past six months, as Bitcoin repeatedly faces rejections here, continuing its broader bearish trend. Bitcoin has already broken below previous support levels around $64,000 and $63,000 and now it could lead to the next support levels at $61,900.

Short-Term Bullish Trends

While the long-term trend is bearish, shorter bullish trends have emerged that lasted a few weeks. Recently, Bitcoin saw a short-term bullish trend, but for it to evolve into a more long-term uptrend or bull run, Bitcoin must break above the key resistance level of $67,000–$68,000. Without this breakout, another rejection could lead to a further decline, continuing the long-term downtrend.

Potential for Rebound

A single rejection doesn’t necessarily mean an immediate large decline. For example, after a rejection in mid-May, Bitcoin had a brief pullback, followed by another attempt at breaking the resistance within a week. There’s still a possibility of a similar retest in the near future. However, for now, Bitcoin remains under this major line of resistance.

Support Levels and Bearish Possibilities

If Bitcoin fails to break the resistance, a decline toward support levels between $51,000 and $52,000 is possible. However, this would only occur if there’s sustained bearish momentum. Recent short-term rejections, like those in May, only led to minor corrections, suggesting that a full breakdown isn’t guaranteed.

The post Beware of ‘Weird Times’: Kiyosaki’s Investment Warning appeared first on Coinpedia Fintech News

Robert Kiyosaki, author of Rich Dad Poor Dad, warns of “weird times” and urges caution regarding investment advice. He highlights the risks of following eccentric financial tips, citing a friend’s strange advice to invest in Iraqi dinars. Kiyosaki advises being wary of unconventional pitches and emphasizes saving Bitcoin, gold, and silver for the impending economic crisis. He believes Bitcoin will reach $1 million by 2030, as outlined in the upcoming book Money GPT, predicting AI will drastically alter the financial world.

The post How the Crypto Market Could Perform In October, Top Tokens To Watch! appeared first on Coinpedia Fintech News

Despite increased market turmoil, the crypto space concluded September on a bullish note. With a potential bullish Uptober, the crypto market hints at a positive Q4! Further, with top altcoins regaining momentum, the crypto space also speculates a potential AltSeason.

With increased volatility in the crypto space, investors are entering into a FOMO-like situation. To clear all doubts, in this article, we have covered the top 3 crypto projects that are on the verge of achieving a new All-time High (ATH).

Bitcoin (BTC)

Despite recording a neutral price action in the past week, the BTC price has jumped over 10% during the past month. Moreover, it has surged 51.55% this year, highlighting a long-term bullish sentiment. With a trading price of $63,988.38, it is currently valued at $1.26 Trillion.

The Relative Strength Index (RSI) displays a bullish curve above the neutral point in the 1D time frame. Moreover, the EMA 50/200-day shows a bullish rise, suggesting a high possibility of a positive rebound in the coming time.

If a trend reversal occurs, the Bitcoin price will retest its resistance trendline of the channel pattern. Moreover, a successful breakout could result in it heading toward a new ATH in the coming time. However, if the bears regain power, the BTC price could retest its low of $60k.

Curious if the BTC price will hit $100k by the end of 2024? Read our Bitcoin Price Prediction for insights!

Binance (BNB)

The BNB coin price continues trading in a consolidated range between $454.5 and $635 since June. This indicates a strong selling point for the altcoin at its resistance level. However, it has soared ~86% this year, suggesting a bullish outlook in the coming time.

The EMA 50/200-day supports the Binance price chart in the 1D time frame. However, the MACD indicator has experienced a rising red histogram with a bearish reversal in its averages. This highlights a mixed price action for the 4th largest cryptocurrency in the market.

If the market favors the bulls, the BNB coin price could retest its important resistance level of $635 during the upcoming weeks. On the flip side, if the bearish sentiment intensifies, it could retest its support level of $543.

Sui (SUI)

The SUI coin price continues gaining momentum by adding 8.03% in the past 24 hours with a trading volume of $845.91 million. Further, it has jumped 22.51% over the past week and 138.41% during the last 30 days. With a market cap of $5.22 billion, it has secured the 20th position.

The Moving Average Convergence Divergence (MACD) shows a constant green histogram in the SUI price chart. Furthermore, the SMA indicator constantly supports the price trend. This suggests that the SUi price will continue gaining value this week.

If the bulls continue to dominate the crypto space, this could result in the SUI crypto price retesting its ATH of $2.1850 this month. Conversely, if the bears regain power, the altcoin could retest its low of $1.60.

The post XRP Open Interest Surges to $1B Amid RLUSD Stablecoin Testing appeared first on Coinpedia Fintech News

Open interest in XRP skyrocketed past $1 billion as Ripple’s RLUSD stablecoin undergoes private beta testing on the XRP Ledger and Ethereum blockchain. The recent surge follows Ripple’s minting of RLUSD tokens, hinting that the stablecoin is moving from testing to a more active development phase. XRP futures bets reached over $1 billion, the highest since last year, while spot trading volumes hit $2.5 billion. Ripple plans to use RLUSD in cross-border payments, offering liquidity and faster transactions. XRP’s price increased by 7.4% in the past week.

The post Shiba Inu Surges 360% as Whale Activity Spikes appeared first on Coinpedia Fintech News

Shiba Inu (SHIB) has seen a 360% surge in whale activity, signaling renewed interest from major investors. This increased movement suggests a potential price recovery, with some predicting SHIB could target $0.00002. However, caution is advised as SHIB remains volatile, retreating from recent highs. Currently trading at $0.00001848, SHIB’s future movement depends on support levels and broader market conditions. While whale interest is often bullish, the market remains unpredictable, and individual investors must be wary of sudden swings in sentiment.

The post Solana Skyrocket To $220? Analysts Predict a Major Price Surge Ahead appeared first on Coinpedia Fintech News

Solana (SOL) is catching the attention of investors as it stands as the fifth-largest cryptocurrency with a market cap of $73 billion. Last month, it jumped an impressive 19% to reach $157.04, signaling strong buying power. Meanwhile, analyst RichRangatang has shared exciting news, he believes Solana could rise by 40% soon! Is a huge breakout on the horizon?

Key Signals Point to a Big Move

In a recent post on TradingView, RichRangatang pointed out some important signs on Solana’s weekly chart. He noticed that the Relative Strength Index (RSI) is aligning well with its moving average (RSI-MA14), and the Moving Average Convergence Divergence (MACD) just crossed above its signal line. These signals usually hint at a strong price rise ahead.

Currently, Solana is trying to break through a crucial resistance level. If successful, analysts believe the price could soar to around $220. 

As of now, Solana (SOL) is trading at around $156.4, making this a potential profit opportunity of 40% for investors.

However, the excitement isn’t limited to just Solana’s price. The entire Solana ecosystem is thriving, with many tokens showing impressive growth. 

Growth in the Solana Ecosystem

Tokens in the Solana ecosystem are also thriving. According to Solana Daily, various tokens connected to DeFi and decentralized exchanges are seeing major gains. For instance, the CROWN token skyrocketed by 103%, while Metaplex’s MPLX token increased by 55%, hitting a market cap of $462 million.

This growth across Solana’s network shows strong confidence from investors. As we move further into Q3 of 2024, all eyes are on Solana.

Bigger Goal For Solana

While RichRangatang’s target is exciting, other market analysts are more optimistic. InvestingScope, another well-known analyst, has set an ambitious price target of $5,000 for Solana. This bold prediction follows a recent market recovery, as Solana has rebounded by 22% from its lows in the past month.

The post Avalanche (AVAX), Dogecoin (DOGE), or Dogen (DOGEN): Which Altcoin Is Set to Deliver 10,000% ROI by 2026? appeared first on Coinpedia Fintech News

Investors are keen to uncover which digital currency has the potential to skyrocket by 2026. The spotlight shines on Avalanche, Dogecoin, and Dogen as potential contenders for massive returns. Exploring their strengths and market trends, an exciting opportunity awaits those looking to capitalize on the next big crypto breakout. Which one holds the key to unprecedented gains?

DOGEN: The First Memetoken for Alpha Males Who Demand the Best

Unleash your inner alpha with DOGEN, the meme token built for those who want to live a beautiful life. DOGEN is the alpha dog that never misses a chance to win big. This is the token for winners who won’t settle for anything less. Think luxury cars, stacks of cash, and beautiful women — that’s the Alpha DOGEN lifestyle!

HODL Like a Boss, Conquer the Market

Ready to live like an Alpha DOGEN and enjoy the finer things in life? It’s on the runway, gearing up for a 700% takeoff by the end of the presale — and that’s just the start. With DOGEN, you’re looking at potential thousand-fold returns as memetokens lead the hottest trend of this altcoin season.

The earlier you jump in, the more you win! It’s a deal that others will envy, and you’ll be at the top of the pack.

Missed WIF, Popcat or Ponke rise?

DOGEN is the new doggie on the Solana memetokens ground alongside BONK, WIF, and Popcat known for their astonishing 1000% growth. Currently undervalued, DOGEN is poised to take this crypto narrative to the next level, potentially breaking records in this bull run.

Community-Driven with Real Value

DOGEN isn’t just a short-lived hype; it’s a growing movement. The team behind DOGEN is laser-focused on building a thriving community of alpha leaders who refuse to settle for less and are geared up to dominate the market. This token offers real value, from exciting campaigns to exclusive perks for early adopters. DOGEN is an opportunity to be part of something that lasts.

DOGEN’s multi-level referral program is as fierce as it gets: You’ll score 7% from every token your direct bros (1st level) buy using your referral code. Plus, there are more rewards down the line — you can grow your profits as your referrals bring in even more users.

Avalanche (AVAX) Eyes Breakout with High Hopes for Bulls

AVAX is showing steady growth, with its price range hovering between $26.81 and $31.11. Bulls are displaying strength as the price edged up by about 25% this past month. The nearest resistance is set at just over $33, and breaking this could lead it toward $37. However, if it slides back, support is found around $24.

With short-term indicators like the RSI near 57 and stochastic levels high, momentum seems positive. The overall outlook leans bullish. If AVAX clears its first resistance, there’s potential for a swift rise of over 20% toward the next, offering hope for enthusiasts anticipating a strong altcoin season.

DOGE Set to Surge: Are the Bulls Gaining Momentum?

Dogecoin’s price is hovering between a high of just over ten cents and close to fourteen cents. Bears are keeping it on a short leash, especially with the simple moving average sitting around twelve cents. Yet, the bulls are not backing down. Recent gains of over nine percent in just a week and a whopping seventeen percent in the past month show a growing momentum.

If the trend continues, DOGE could aim for resistance around fifteen cents and beyond, possibly rising by over thirty percent from current levels. The Bulls seem ready to take charge and lead Dogecoin into a new altcoin season.

Conclusion

AVAX, DOGE, and DOGEN attract interest, yet DOGEN stands out for those seeking luxury and success. It promises significant growth, with an estimated 700% increase by the end of its presale and potential for substantial returns this altcoin season. Inspired by other successful tokens, DOGEN is poised for notable achievements.

It is building a strong community of ambitious leaders aiming for market dominance. Investors can also benefit from exclusive campaigns and perks, adding real advantages for early supporters. While other coins show short-term hesitance, DOGEN is strategically positioned for high potential and growth.

Site: Dogen crypto

Twitter: https://x.com/dogenmeme

Telegram: https://t.me/Dogen_Portal

The post Crypto Price Today (Oct 1st, 2024): BTC Holds Steady, Ripple (XRP) Gets Dubai Financial License! appeared first on Coinpedia Fintech News

Cryptocurrency Market Today: The market has slightly improved, with a 0.31% increase in the last 24 hours, bringing the market cap to $2.26T. Investors continue to maintain a balanced outlook, as reflected by the Fear & Greed Index at 48. Trading activity saw a surge, with the intraday volume climbing by 6.57%, reaching $75.41 billion. Contrarily, Ripple secured the in-principle approval of a financial services license from the Dubai Financial Services Authority.

Bitcoin Price Analysis: BTC Price Remains Steady!

With a slight decrease of 0.08%, Bitcoin (BTC) is currently trading at $63,739.42, where it is still very stable. In spite of the modest price decline, there was a remarkable 20% increase in the 24-hour trading volume for Bitcoin, indicating greater investor interest. Though cautious, analysts are still upbeat, and many are keeping a close eye on the $65k resistance level as the next possible breakout target.

Keen on BTC price targets? Our Bitcoin Price Prediction answers that and much more!

Altcoins Performance: Fantom Becomes Top Gainer! 

Ethereum currently is trading slightly lower at $2,629.39, with a minor decrease of 0.02%. It has managed to hold its ground above the $2.6k mark, keeping investors hopeful for a near-term recovery.

Curious about the long-term price targets of ETH? Read our Ethereum Price Prediction

Solana continues to build momentum, recording a 1.06% spike, bringing its price to $156.66. The token has shown resilience, even as the broader market displays slower movement. Meanwhile, XRP saw a minor decline of 0.20%, currently trading at $0.6295, as it struggles to reclaim higher levels.

Top Gainers: Fantom (FTM) topped the gainers list with an impressive 10.12% surge, now priced at $0.7537. Popcat closely followed with a 10.11% rise to $1.04, while Bonk (BONK) saw a 9.57% increase, trading at $0.00002553.

Top Losers: Ethena (ETHA) saw the most significant loss, dropping 5.53% to $0.3783. NEO (NEO) also declined by 3.83%, trading at $10.75, and Celestia (CELE) dropped 3.43% to $5.69.

Subscribe to us, to stay tuned for more daily updates on cryptocurrency prices and market trends.

The post Bitcoin Mining Profits Hit Record Low Despite Rising Hashrate, Says JPMorgan appeared first on Coinpedia Fintech News

Bitcoin mining profits have plunged to their lowest levels in recent history, according to JPMorgan’s latest report. While Bitcoin’s price and network hashrate increased slightly in September, daily mining revenue and gross profit declined for the third consecutive month. Miners earned an average of $42,100 per exahash (EH/s), a 6% drop from August. Gross profits from daily block rewards fell to $16,100 per EH/s, marking the lowest point on record with just a 38.4% gross margin. Transaction fees remained subdued, making up less than 5% of block rewards. Despite these challenges, the market cap of U.S.-listed miners rose 4%, with Hut 8 leading gains at 21%, while CleanSpark saw a 13% decline

The post Top 3 Gainer Tokens For the Day appeared first on Coinpedia Fintech News

With Bitcoin leading the crypto rally and the bullish month of October has started, the crypto market is gaining much traction again. The crypto space is ever evolving and ever changing. On a daily basis, the community focuses on various tokens which causes these cryptos to surge. Let’s explore which are the top three gainer crypto tokens for the day.

Fantom

Soon to migrate into Sonic, Fantom has surged 10.88% in the last 24 hours. Currently trading at $0.7544 the token has an increased daily trading volume of 4.47%. Fantom is a directed acyclic graph smart contract platform. The token is down by 78% from its all time high of $3.48 and 83.21% up in the last month.

Bonk

The famous dog themed memecoin Bonk is up by 9.74% in the last 24 hours. The price has reached a price of $0.00002557. The total trading volume for the last one day has surged 31.59% and has recorded $464 million. Even though the token is down from its all time high from seven months ago, early investors have earned 27,829% returns on their investment.

SUI

Token of the groundbreaking layer 1 blockchain platform Sui is trading at $1.90. The token is up by 9.66% in price since yesterday and recorded an increase of 13.10% in market cap. Despite this, the trading volume for 24 hours is down by 1.12%. The Sui Foundation has recently launched the Sui bridge on the mainnet to enable a connection between sui blockchain and Ethereum.

These are the top gainer crypto tokens for the last 24 hours. The dynamic nature of the crypto market continues to drive significant shifts in token performance.

Also Read : Bitcoin to Move Towards $70,000 :Market Data Suggest

The post XRP News: Ripple’s RLUSD Stablecoin Launch and Its Potential Price Impact appeared first on Coinpedia Fintech News

Ripple’s upcoming RLUSD stablecoin is creating waves in the crypto community, with many speculating it could significantly uplift XRP’s price. The anticipation surrounding RLUSD has intensified, especially after Ripple CEO Brad Garlinghouse hinted at a launch “in weeks, not months” during the recent Korea Blockchain Week 2024. 

But the question remains—will this launch impact the price of Ripple’s native token, XRP?

Positive Insights from Ripple Insiders

An insider, a former Ripple employee, recently shared insights on the Thinking Crypto Podcast, stating that the RLUSD stablecoin is expected to be a boon for XRP. This insider, who has previously worked on Ripple’s On-Demand Liquidity (ODL), believes that RLUSD will be paired with XRP, enhancing liquidity for transactions.

With Ripple’s presence on most major global exchanges, this pairing could increase demand for XRP, especially as RLUSD aims to provide a stable value for various transactions, including remittances and payments.

Expert Predictions for XRP’s Future

Echoing the similar sentiment, 24hrsCrypto, a popular YouTuber and XRP enthusiast, also believes RLUSD will greatly enhance XRP’s utility, particularly as the stablecoins is projected to surpass $3 trillion by 2028. However, this rising demand can directly boost XRP’s value as it serves as a bridge for various transactions.

Currently, XRP is trading at $0.650, following a bullish breakout that could signal a more extended upward trend. Another crypto analyst like Sasuke Trading suggested that XRP’s price could target around $1.32 based on harmonic patterns observed on the weekly chart. Moreover, analysts remain cautious also, as a drop below key $0.60 could indicate weakness and lead to further declines.

Not Everyone is Convinced

While XRP is still in a bear trap, Jungle Inc., a notable Ripple critic, voiced concerns over the stablecoin’s initial launch on Ethereum instead of the XRP Ledger (XRPL). He argues that RLUSD may lack essential capabilities on the XRPL and criticized the Ripple development team for not preparing adequately for this launch. According to him, although XRP might perform well in the current bull market, it may not hold a top position among crypto chains due to these strategic missteps.

Conclusion

At present RLUSD is creating both panic and excitement in the market while analysts are divided on how it will impact XRP in the long run. In the meanwhile Monica Long, Ripple president clarified both have different purposes and there is no way they both will compete with each other. 

The post Why Most of Tron (TRX) Traders Are Allocating Their Investments In Cybro Ai Yeild Aggregator appeared first on Coinpedia Fintech News

Traders of Tron (TRX) are shifting their funds toward Cybro Ai Yield Aggregator. This trend hints at a new focus in the crypto market, raising questions about the factors driving this change. This article will explore why Cybro Ai is attracting attention and which coins show potential for significant growth. Stay tuned for these insights.

CYBRO Remains Resilient to Market Headwinds with Nearly $3 Million Raised 

CYBRO is a new AI-based platform working as a yield aggregator on the Blast blockchain. This blockchain is famous for providing higher native yield for ETH and stablecoins staking, and CYBRO amplifies the potential for higher earnings on Blast. 

The presale of CYBRO tokens is underway, and it has scored a resounding success already, with over $3 million raised from savvy investors who hurry to buy a promising crypto asset while cheap. 

The CYBRO token is a high-utility asset poised to become indispensable in the crypto world. With its current undervaluation, experts predict a staggering 1200% growth potential, making CYBRO tokens a must-have for savvy investors.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 80 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

>>>Join CYBRO and aim for future returns up to 1200%<<<

TRON’s TRX Shows Resilience: Bullish Trends Despite Market Volatility

TRON (TRX) is showing resilience with its current price in the $0.15-$0.16 range. While it faces resistance at $0.16 and support at $0.15, its price movements point to bullish potential. With the 10-day and 100-day averages both at $0.16, TRX is stable. The Relative Strength Index (RSI) at around 57 suggests that it’s neither overbought nor oversold.

The Stochastic reading of 47.17 and positive MACD level reinforces the bullish sentiment. TRX has seen a 33.60% growth over six months. If it breaks the $0.16 resistance, it could aim for $0.17, marking a potential rise of about 6%.

Conclusion

TRX and other similar coins have shown less potential in the short term. CYBRO, a technologically advanced DeFi platform, offers investors unparalleled opportunities to maximize their earnings through AI-powered yield aggregation on the Blast blockchain.

With features like lucrative staking rewards, exclusive airdrops, and cashback on purchases, CYBRO ensures a superior user experience characterized by seamless deposits and withdrawals. Emphasizing transparency, compliance, and quality, CYBRO stands out as a promising project with strong interest from crypto whales and influencers.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

The post New Crypto to Buy Now for 100x Gains in 2024 appeared first on Coinpedia Fintech News

While established cryptos such as Bitcoin and Ethereum hold the fort, smart investors are also eager to find a mega-return gig—100x or more. With all of these new projects, Luckhunter looks to be one of the best coins to keep an eye on. As one of the earliest gaming, DeFi, and NFTs OWI models, Luckhunter is likely to be a leading and influential force in 2024 for those who want to seek default oracles that are taking charge for enormous benefits.

In this article, we will discuss the details of Luckhunter and some other new cryptos which might give 100x returns.

1. Fixing Ills with Crypto Betting and Gaming — (LHUNT) LuckHunter

Leading the charge is Luckhunter (LHUNT) — a trailblazing solution that tries to unify blockchain tech with online gaming and wagering. Luckhunter the best crypto casino is unique as it provides a well-rounded ecosystem that combines crypto gaming wagering, NFT gaming rewards and decentralized finance (DeFi). The platform is a perfect combination of everything wherein users can play trendy games, bet on games and relish the techy features such as DeFi staking and yield farming — all in under one umbrella.

>>Click Here toVisit Presale page

It combines entertainment with an opportunity to earn money, which is the beauty of Luckhunter the best gambling crypto coins. The decentralization gaming model of the platform guarantees transparency, fairness and security which are important for investors and players. Additionally, LHUNT rewards those who game and invest in the vast Luckhunter ecosystem. Game in which all the assets like NFTs are tradable and stackable to earn high-yield rewards.

With the growing online gaming and betting market, Luckhunter the best online crypto casino is in an excellent position to claim a significant part of it, appeal to millions of customers and bring solid profits to investors. Based on its unique strategy and ever-growing number of users, it would seem that Luckhunter the best crypto online casino is one of the many possible cryptos to yield 100x profits in 2024.

2. Metafi (MFI): Uniting DeFi and the Metaverse

An additional frontrunner in the race for 100x gains is Metafi (MFI), which merges DeFi with the explosive metaverse space. Think of Metafi as a platform for all things finance in the land of virtual worlds like Decentral and, The Sandbox, and others pursuing a metaverse. In the metaverse, it is like an indispensable plug-in of virtual economies that offer DeFi services such as lending, staking and liquidity mining.

That being said, while Metafi presents an awesome way to invest in esports, Luckhunter is the far more interesting option for gamers looking into the crypto space. Metafi is the platform for financial services, whilst Luckhunter adds gaming and betting to ensure a multi-dimensional offering that caters to both fun and investments.

3. XAI Protocol (XAI): Revolutionary new decentralized AI for the blockchain era

Similarly, Artificial intelligence (AI) — yet another hot trend — has XAI Protocol (XAI) leading the way in a decentralized blockchain-based approach to AI development. The platform empowers developers to create and train AI models on a decentralized infrastructure while promoting transparency, security, and inclusiveness. Technical — There is massive potential for integration of AI with the blockchain and being a protocol, XAI has a competitive advantage in this emerging market.

But while Luckhunter boasts ready use cases in its gaming and betting ecosystem, the work for XAI Protocol remains in development. Investors may daydream about the long-term dividends from AI and blockchain integration, but Luckhunter already has roots in a growing industry where crypto meets online gaming — and the financial rewards are even sooner than you might think.

4. SynergyChain (SYC): Interoperability on the Next-Gen Blockchain

Blockchain in itself may be a technology which would change the world, but not on its own. With a diverse cryptocurrency ecosystem emerging, we are looking at an increased need for blockchain interoperability. Synergy Chain (SYC) aims to solve this problem, by providing a platform which allows different blockchains to communicate with each other. Cross-chain capability lets you move assets and data between different blockchains, one of the biggest challenges today in the crypto space.

Although the potential of SynergyChain’s technology is something to look forward to, it is more so designed for other blockchain developers and projects than a B2B solution. Luckhunter is pitched directly at a wider user base, including casual gamers and others in the DeFi space more so than high-end crypto investors. Luckhunter, which merges entertainment with financial benefits by providing a more user-friendly platform is going to take on the market and change how investments are made rendering early investors with substantial returns on their investment.

5. EcoX (ECOX)— Revolutionary in Green Sustainable Blockchain Solutions

The environmental footprint of cryptocurrencies is increasingly becoming a key concern, and EcoX (ECOX) aims to leave behind the image as one of the bad actors. EcoX operates on a proof-of-stake (PoS) consensus mechanism that is far less energy-consuming for transactions than traditional proof-of-work (PoW) blockchains. The project also teams up with different green initiatives and incentivizes users to participate in environmentally responsible practices.

Why Luckhunter is 100x in 2024

Although the above projects have a lot of potential, Luckhunter (LHUNT) the Best No Minimum Deposit Bitcoin Casinos seems to be the best bet for anyone looking at 100X in 2024. Here’s why:

Immediate Utility: As opposed to many other up-and-coming projects which are still in their start-up phase, Luckhunter is already fully functional offering a vibrant crypto betting, gaming as well as DeFi staking platform.

Users Playing: Luckhunter employs gaming and DeFi compact to appeal to an expansive group. Be it for playing games, getting rewards and/or staking their tokens themselves in a very dynamic and fun interaction.

Luckhunter stands to benefit from this boom, given the strong growth potential in the industry of online gaming and betting. The amalgamation of entertainment and personal financial gains makes the platform appealing to new players, which in turn pushes demand for the LHUNT token higher.

Unique Rewards System: Players get to benefit from playing a game by managing their time well enough to sustain resources, earn achievements and sellable through in-game sales with NFTs. The mobile app is also appealing; and with the platform’s reward mechanisms, it gets more profitable than a lot of similar offerings.

This is why Luckhunter, a brand new crypto listed on Coinmarketcap, seems very promising. LuckHunter a long-term project that could reach 1000x returns in 2024, it is Luckhunter.

The post Circle’s Bold Move: USDC Stablecoin Set to Dominate Australia and Asia-Pacific! appeared first on Coinpedia Fintech News

Circle is making waves by expanding its USDC stablecoin into Australia and the Asia Pacific through a powerful partnership with MHC Digital Group, led by venture capitalist Mark Carnegie. This game-changing collaboration aims to revolutionize institutional access and streamline cross-border payments, leveraging local financial infrastructures. Circle is targeting superannuation funds and large-scale operations that often face exorbitant bank fees. With a recent EU license under its belt, Circle is committed to regulatory compliance. As it gears up for a $5 billion initial public offering and continues to expand into Brazil and Mexico, Circle is poised to become a dominant player in the global digital finance arena!

The post GCR’s Claimed $1.06 Million EIGEN Token Airdrop: Is a Massive Sell-Off Coming appeared first on Coinpedia Fintech News

In a recent blockchain transaction that caught the attention of the crypto community, GiganticRebirth (GCR), a well-known figure in the digital asset space, claimed an impressive airdrop of 253,946 EIGEN tokens, valued at approximately $1.06 million. Just 40 minutes later, they swiftly transferred the entire sum to Binance. What does this mean for EIGEN? Traders are left wondering if a huge sell-off is imminent!

GCR Claimed $1.6 Million EIGEN Token

The EIGEN token, linked to Ethereum and the innovative restaking idea, is making waves following its recent listing on big exchanges like Binance. This move is expected to push EIGEN’s trading volume and boost price movements. A significant point of interest is the 86 million tokens airdropped to early users.

According to the blockchain analytics platform Lookonchain, GCR strategically utilized seven separate wallets to claim  a massive airdrop of 253,946 EIGEN tokens, valued at $1.06 million. Perhaps in a surprise move, GCR deposited the entire amount into Binance just 40 minutes later.

GCR(@GiganticRebirth) claimed an airdrop of 253,946 $EIGEN($1.06M) through 7 wallets and deposited all of it into #Binance 40 minutes ago. #GCRhttps://t.co/A95MqjxUT6 pic.twitter.com/gs9KhMjM5r

— Lookonchain (@lookonchain) October 1, 2024

This swift action has sparked rumors in the crypto community, with many wondering what GCR plans to do next. Will a major sell-off follow?

What’s Next for EIGEN?

Now that GCR has moved all 253,946 EIGEN tokens to Binance, traders are waiting to see what will happen. Some believe GCR could be gearing up for a massive sell-off. Big token holders, especially those who get large airdrops, are often under market scrutiny.

Currently, EIGEN is trading at around $3.83, showing a 3.4% rise in the last 24 hours and a market cap of $715 million. Will this sudden move by GCR affect the token’s price even further? All eyes are on what comes next

The post Digital Gold vs. Traditional Gold: Bitcoin’s Reaction to Interest Rate Cuts appeared first on Coinpedia Fintech News

The United States Federal Reserve’s recent decision to cut the interest rate has benefited Gold. It was expected, as it is natural for investors to opt for safer assets like Gold during periods of economic uncertainty. At the time Gold is enjoying the benefit of this volatile economic landscape, there are a few curious minds – most probably, crypto enthusiasts – who wonder whether the same advantage can be secured by Bitcoin. Such a curiosity stems from the fact that Bitcoin is often called ‘Digital Gold’. Time to start this exploration. Surely, we can find something interesting. Join!

Gold’s Surge: A Historical Parallel 

CryptoQuant shares a set of data capable of proving the correlation between the US interest rate and the Gold price. It shows how the Gold price surged when the US Federal Reserve cut its interest rate in 2008. It highlights that at the time when the interest rate was reduced in 2008, the price of Gold was as low as $590 per ounce. As per CryptoQuant’s set of data, within four years of the 2008 Fed rate cut, the Gold price jumped to an enviable peak of $1,900. What CryptoQuant reveals is more than enough to prove that there is a strong correlation between the US interest rate cut and the Gold price.

So, whenever the US Fed announces an interest rate cut, we should expect a surge in the Gold price. In short, it confirms the general assumption that whenever there is financial uncertainty in the market, investors tend to migrate to safer assets like Gold. 

Can Bitcoin Benefit from the 2024 Fed Rate Cut?

Like 2008, last month the US Federal Reserve announced an interest rate cut. This time also, as expected, the Gold price has responded optimistically. On the day the rate cut was announced, the price of Gold was under $2494. On September 26, it reached a yearly peak of $2660.6. Now, the price stands at $2649.8.  

Though there are several differences between Gold and Bitcoin, there are many reasons that lead investors to compare Bitcoin with Gold. So, it is perfectly reasonable to analyse whether the Bitcoin market has seen a surge similar to Gold’s during this period. 

In September, the Bitcoin market was largely bullish. At least a week before the big announcement made by the US Fed, buyers took control of the market. At that juncture, the global market was anticipating the Fed rate cut, as weeks before the move the Fed Chair had openly spoken about it.

Though a couple of days before the announcement, the market witnessed a few consecutive red candlesticks, just a day before the announcement buyer regained dominance. In a week after the announcement, the market reached a monthly peak of $65,903. Although yesterday, sellers made a strong attempt to pull the price down, today buyers successfully stopped the downward momentum and are pushing the price strongly upwards. 

Also Read :

  Top Altcoins That May Easily Go 10x This “Uptober’ 

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In conclusion, although it is true that Bitcoin, due to its similarities with Gold, is popularly known as Digital Gold, and there are experts who are of the opinion that it is high time to start considering Bitcoin as a commodity like Gold, it remains sceptical whether Bitcoin, as a cryptocurrency, has gained as much trust as to negate the general perception of investors about the cryptocurrency asset category as risky. 

The post Vitalik Buterin Defends Hezbollah Betting on Polymarket – Surprising Take on War Predictions appeared first on Coinpedia Fintech News

Ethereum co-founder Vitalik Buterin recently defended the existence of a Hezbollah betting section on Polymarket, a decentralized prediction platform. Polymarket hosts bets on events like whether Israel will invade Lebanon or if the U.S. military will intervene in the region. Some critics, like crypto community member “Legendary,” argue that betting on conflicts trivializes war. Buterin responded, saying these markets offer insight into realistic probabilities, providing more accurate predictions than online speculation. He clarified that such platforms aren’t about profiting from tragic events but encouraging accountability.