BRICS: Nigeria Plans To Sell Oil in Local Currency
Nigeria had applied to join BRICS in 2023 but the application was rejected at the15th summit in Johannesburg. Despite the rejection, Nigeria is looking at possible ways to join BRICS and be a part of the bloc. The African country wants to strengthen its local currency, the Naira, by allowing other countries to settle trade in their tender. The Senior Advocate of Nigeria, Femi Falana has urged the Federal Government to follow BRICS ideals of de-dollarization and sell crude oil in local currency Naira and not the US dollar.
Falana urged the Nigerian government to rely less on the US dollar and use Naira for crude oil payments. The State-advocate called the government to ignore predictio
While no one can accurately predict the future, the recent decline in the price of #BONK could pave the way for a deciding moment for the asset’s future price.Such a substantial price drop can easily turn into a downward spiral that sends the price into hard-to-recover-from levels. The second largest meme coin, Shiba Inu, is an example of a token that has faced a similar struggle. While SHIB has impressed in recent weeks, it remains 87.79% below its October 2021 all-time high.Meanwhile, BONK’s decline could also pave the way for a new crop of holders who missed out on the initial run-up to build a position. However, there is no guarantee this would be favorable, and investors should conduct thorough research before jumping in.In BONK’s case, the recent listing on Coinbase could help its course in the same way that Solana’s recent rise to stardom has impacted BONK’s price positively.However, continued selling pressure could see investor confidence evaporate and potentially send the token into the ashes, where most meme coin-related projects end up after their classic moments.$BONK
Ripple (XRP) Skyrockets 13% Daily to 3-Month Peak,
#Ripple (XRP) Skyrockets 13% Daily to 3-Month Peak, #bitcoin (BTC) Touched $66K (Market Watch) After XRP, the other notable gainers from the larger-cap alts include FET, AVAX, APT, and more. Amid the ongoing positive inflows toward the spot Bitcoin ETFs, the price of the underlying asset continues to recover and tapped $66,000 for the first time in roughly a month earlier today. The altcoins are also well in the green, with XRP leading the pack following a 13% daily surge. BTC Stopped at $66K: Bitcoin’s price actions went through extreme turbulence at the start of the month, culminating in a price dump to a three-month low of under $54,000 on July 5. Since then, though, the asset has managed to recover more than ten grand. The bounce-off started almost immediately with a jump to $58,000, and the cryptocurrency stood there for several days. It wasn’t until the failed assassination attempt against US presidential candidate Donald Trump during the weekend that BTC spiked hard and reclaimed the $60,000 line. More gains came at the start of the current business week as bitcoin jumped to $63,000 yesterday and kept climbing in the past 24 hours. Another three-grand increase resulted in tapping $66,000 for the first time since June 20. Despite losing about $1,000 since then, bitcoin now sits at just over $65,000. Its market cap is slightly above $1.280 trillion, and its dominance over the alts stands still at 51.2% on CG. XRP on the Run: Ripple’s native token has emerged as today’s top performer. The asset has soared by more than 13% in the past 24 hours and now trades at a multi-month peak of its own at over $0.6. FET is the other larger-cap alt with a similar surge that has driven it to $1.5. $XRP #BinanceTurns7
#Ripple CEO: Legal Battle with SEC Will Be Over During a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse said that he expected his company's legal battle with the SEC to end "very soon." However, Garlinghouse refused to speak about Ripple's rumored settlement talks with the agency. He also stated that he could not predict when exactly the lawsuit would be over. Earlier this week, the Ripple-affiliated XRP token experienced a substantial price rally due to settlement rumors. However, it then retraced its gains after a private meeting between Ripple and the agency allegedly got called off. A little over a year ago, Judge Analisa Torres ruled that the secondary sales of the controversial token did not constitute a securities offering. According to Galinghouse, Ripple spent more than $150 million during its three-year legal battle with the SEC. "We can't do that with every single token," he added. The Ripple CEO has stressed that it was a formative case for the cryptocurrency industry, adding that his company will continue clamoring for regulatory clarity. During the interview, Garlinghouse reiterated his view that crypto is not supposed to be a partisan issue in the U.S. At the same time, he has acknowledged that there is "legislative momentum" on both sides of the political spectrum. He said that the lack of a clear cryptocurrency regulatory framework is "frustrating" in the U.S. Instead, the industry has to deal with interminable legal actions from the SEC. $XRP #BinanceTurns7
The largest meme cryptocurrencies are outperforming the market benchmark yet again, while some lesser-known coins secure their spots in the top league. Meanwhile, Dogecoin (DOGE) replaces Toncoin (TON) as the ninth largest cryptocurrency and Pepe (PEPE) blasts past Polygon (MATIC). Bonk (BONK) is another top gainer in the meme coin sphere with its 10.4% overnight upsurge. Its cap is back above $2.18 billion; the token is close to surpassing Optimism (OP) and Sui (SUI) and entering the top 50 cryptos by market cap. The largest meme coins, however, are sending mixed signals to investors despite being in green. Some of them, including Shiba Inu (SHIB), Dogwifhat (WIF) and Book of Meme (BOME), are underperforming compared to the market benchmark. The net capitalization of the crypto segment added 3.7% in the last 24 hours, while SHIB, WIF, BOME are up by 0.5-2.5% each. Solana, Base meme coins outperform crypto market: In total, the segment of meme coins added 5% overnight. However, some of its most volatile subclasses are posting more impressive gains. Thanks to POPCAT, MEW and MOG rallying, the cat-themed meme coin group is up by 15%. Solana's meme coin sphere is up by 10%. Thanks to the positive performance of Based Brett (BRETT), the Base meme coin group logged 7.8% and also outperformed the market significantly. Bitcoin (BTC), the largest cryptocurrency, is up by 2.6%; the orange coin is changing hands at $66,467 after touching the local high over $67,400. #BinanceTurns7
ORDI is consolidating within a falling wedge pattern, currently rebounding from the wedge's support trendline. The Ichimoku cloud is serving as resistance above the wedge.
A solid breakout above the Ichimoku cloud and the wedge's resistance trendline could signal substantial gains.
Conversely, if ORDI breaks below the wedge's support trendline, the pattern will be invalidated. Patience is key as we await a decisive move to confirm the next trend.
As the bull run in Bitcoin regains momentum after the successful retest of the $65,000 mark, a fresh breeze of relief starts in the market. Amidst this recovery, the PEPE meme coin shows a potential price jump despite the ongoing correcction phase. As the anticipation of a bounce back grows intense amognst the sideliners, the meme coin offers a discounted entry spot. Will the PEPE price reach $0.000015 this month? Find out more in our PEPE price prediction. PEPE Price Performance With a market wide slowdown, the meme coins like PEPE showcase a declining price trend. Despite the massive bull run earlier in March, the second half leads to quick fall in the bullish momentum. The PEPE price drops by 33% to test the support zone at $0.0000063 from the peak of $0.000010. With the sharp increase in the selling pressure, the price action forms a descending trendline.With the previous bull run in consideration, the pullback forms a bullish flag, known for a trend continuation theme. Further, the bounce back in Bitcoin and the upcoming Bitcoin halving cements the altcoin season possibility. Currently, the PEPE token trades at a price of $0.0000067 with an intraday candle teasing a Doji formation. In the shorter-term, the meme coin hints at a morning star formation, known for igniting a bullish comeback. Technical Indicators: EMA: With an overall bullish trend, the 200 and 50-day EMA maintain a positive alignment. Currently, the 50D EMA provides dynamic support to the pullback, teasing a bounce back. RSI: The daily RSI line declines below the halfway line, with the 14-day SMA providing dynamic resistance. Will The PEPE Token Give Flag Breakout? With multiple bullish catalysts, the chances of reversal are strong for the frog-themed meme coin. Therefore, the PEPE price could surpass the overhead resistance trendline for a sprint to the $0.000015 mark. However, the buyers must overcome the supply at the psychological mark of $0.000010. #BinanceTurns7
The now-rebranded Fetch.AI (FET) regained the $1.4 price
The now-rebranded Fetch.AI (FET) regained the $1.4 price range amid the market recovery and is currently testing the $1.5 resistance level. Over the weekend, the AI token saw a nearly 40% recovery and seems to be preparing for a breakout.
Market watchers have predicted short and long-term targets for the token after the Artificial Superintelligence Alliance (ASI) token merger.
FET Drops 23% Amid Market Retrace:
This month, the Artificial Superintelligence Alliance kicked off phase 1 of the ASI token merger process. The process began with rebranding Fetch.AI’s name and logo to the Alliance’s. Additionally, FET updated its supply and market capitalization but momentarily kept its ticker.Phase 1 began with delisting Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto trading platforms. However, several exchanges, including Coinbase, announced they would not support the migration process.
Following the rebrand, FET’s price dropped by nearly 10% despite flipping other AI tokens like Render (RNDR) and becoming the 27th largest cryptocurrency by market capitalization.
At the time, the token lost the $1.4 support zone and fell to the $1.2 price range before reclaiming the $1.3 mark. The broader market retrace dragged FET’s price below $1.1, a level not seen since late February. This performance represented a 26% decline from its Q3 opening price of $1.45.
ASI Token Merger Update Next Week:
As the market recovered from the July retrace, FET surged 38.7% over the weekend. The AI token rose from the $1.11 price level and reclaimed the $1.4 support zone on Monday. Some market watchers highlighted FET’s steady recovery, suggesting that the token maintained a bullish pattern and seemed poised to make a 3X performance.
On Thursday, World of Charts pointed out FET’s recent price action. To the analyst, the token is breaking out of a falling wedge pattern and expects a “massive bullish wave” towards $5 in the following days. #BinanceTurns7
Ripple (XRP) Skyrockets 13% Daily to 3-Month Peak,
#Ripple (XRP) Skyrockets 13% Daily to 3-Month Peak, Bitcoin (BTC) Touched $66K (Market Watch) After XRP, the other notable gainers from the larger-cap alts include FET, AVAX, APT, and more. Amid the ongoing positive inflows toward the spot Bitcoin ETFs, the price of the underlying asset continues to recover and tapped $66,000 for the first time in roughly a month earlier today. The altcoins are also well in the green, with XRP leading the pack following a 13% daily surge. BTC Stopped at $66K: Bitcoin’s price actions went through extreme turbulence at the start of the month, culminating in a price dump to a three-month low of under $54,000 on July 5. Since then, though, the asset has managed to recover more than ten grand. The bounce-off started almost immediately with a jump to $58,000, and the cryptocurrency stood there for several days. It wasn’t until the failed assassination attempt against US presidential candidate Donald Trump during the weekend that BTC spiked hard and reclaimed the $60,000 line. More gains came at the start of the current business week as bitcoin jumped to $63,000 yesterday and kept climbing in the past 24 hours. Another three-grand increase resulted in tapping $66,000 for the first time since June 20. Despite losing about $1,000 since then, bitcoin now sits at just over $65,000. Its market cap is slightly above $1.280 trillion, and its dominance over the alts stands still at 51.2% on CG. XRP on the Run: Ripple’s native token has emerged as today’s top performer. The asset has soared by more than 13% in the past 24 hours and now trades at a multi-month peak of its own at over $0.6. FET is the other larger-cap alt with a similar surge that has driven it to $1.5. The other impressive gainers from this cohort of crypto assets include SOL (6%), DOGE (5%), AVAX (8%), DOT (5%), APT (10%), XLM (8%), and ATOM (8%). The cumulative market capitalization of all crypto assets has added more than $80 billion overnight and now sits at just over $2.5 trillion on CG. $XRP #BinanceTurns7
FET, APT, ICP, and MKR are the top gainers from the largest 36 crypto assets.
Several altcoins have performed even better in the past day, including DOGE, NEAR, SOL, and others.
Alts See Green :-
Aside from all Trump-related tokens skyrocketing by double-digits, most other larger-cap alts have turned green now. Ethereum has tapped $3,200 after a 2% increase.
More impressive gains come from the likes of Solana (4%), Dogecoin (4%), and Shiba Inu (3.6%). The mid-cap alts have produced massive gainers as well, with ICP leading the pack with a 9.5% surge. APT, NEAR, and MKR follow suit.
The total crypto market cap is up by more than $110 billion since Friday and $50 billion in a day to $2.330 trillion on CG.
Shiba Inu Continues to Shine Amid Meme Coin Frenzy
- #SHIB price enters green territory alongside other meme coins. - Market data shows a positive trend for SHIB. - Strong investor confidence in the long-term potential of SHIB. Shiba Inu (SHIB) remains a staple in the meme coin market, showing a positive price movement amidst the broader meme coin frenzy. Market data suggests a continued uptrend, with strong investor confidence driving SHIB's performance. As the meme coin sector heats up, SHIB continues to attract significant attention.
Top AI Tokens Ready For A Break Out Rally This Wee
The cryptocurrency market has started the third week of July with a strong bullish sentiment, highlighting a positive outlook for the tokens this week. Further, with the price of Bitcoin holding its value above the $63K mark, top altcoins have recorded a bullish price action. Moreover, after recording a bearish price action for a brief period, the Artificial Intelligence (AI) category has regained momentum and has recorded a significant jump in its valuation over the past few days. Dive in as, in this article, we have covered the top 3 Artificial Intelligence (AI) tokens that have the potential to record a massive price action in their respective portfolios during the upcoming weeks. Artificial Superintelligence Alliance (FET) Price Action: Amid increased bullish sentiment in the crypto space, the FET price has regained momentum and has jumped approximately 11% within the past day with a trading volume of $140.47 Million. Further, it has added 9.58% to its portfolio over the past week, indicating increased bullish influence. The technical indicator, MACD, shows a constant rise in the green histogram with its averages recording a bullish action. This highlights an increase in the buying pressure. Moreover, the SMA indicator has displayed a positive crossover, suggesting the FET price will continue gaining value this week. #BinanceTurns7