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Bitcoin ETFs Record USD 10B Inflows, Floki Makes News With Launch Of Debit Card While New Viral Token Gains Investor Attention With the bull market in full swing, several major developments are shaping where crypto is going forward. For one, institutional investment in Bitcoin has reached new highs, a bullish signal for the entire market. At the same time, Floki revealed a major development, while a new viral token Cutoshi is gaining attention thanks to its presale. Bitcoin Institutional Investment Surges The changing regulatory environment in the US is boosting Bitcoin (BTC) to new highs. The biggest coin on the market reached its all-time high of $103,900 in December, as major institutions are buying it up. Recently, Bitcoin spot exchange-traded funds (ETFs) have seen record inflows. Since the November 5 elections in the US, the figure reached a staggering $10 billion. The figures suggest that banks, investment funds and other institutions are significantly increasing their Bitcoin exposure. The reasons for the change are many. Most notably, the incoming administration under Donald Trump has already signaled its pro-crypto policies. This shift in regulation means that banks, traditionally very concerned about regulatory risk, are more likely to invest. At the same time, Bitcoin is increasingly seen as a counter-cyclical asset and a hedge against inflation. This means that Bitcoin plays a similar role in a diversified portfolio to gold. This is a significant factor, as even before the elections, ETF inflows in Bitcoin were on the rise. In October, net inflows reached $479 million in a single day. The increase in institutional investment is key for Bitcoin's long-term growth, due to the huge capital reserves banks and financial institutions have. Floki Debit Card Lets You Spend Crypto Like Cash Floki Inu (Floki) recently came into the spotlight after unveiling major news for its users. The new Floki crypto debit card just launched, which allows traders to spend their crypto like cash.
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$NEIRO i feel to buy Neiro as it’s looking way to low, with a possible stop loss at 0.001000
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Will Cardano (ADA) Reach $2 Before Dogecoin? This Viral Altcoin Eyes a 4,000% Surge Cardano (ADA) recently broke past the $1 mark after a prolonged struggle, sparking fresh speculation about its potential to hit $2 before Dogecoin (DOGE), which has also seen notable price swings. While these established coins battle for dominance, Lunex Network is capturing attention with its extraordinary growth potential. Promising a staggering 2,000% surge, Lunex Network is emerging as a standout player. $LNEX’s ongoing ICO has already raised over $4 million, signaling strong investor confidence. Cardano (ADA) Eyes a 66% Surge in December: Can It Hit $2 Soon? Cardano (ADA) is primed for a potential 66% surge in December, mirroring its historical bullish trend during the month. According to Cryptorank data, Cardano has consistently delivered an average December growth rate of 66.8%, positioning it for a strong end to the year. Currently trading at $1.14, Cardano recently gained 6.60% within 24 hours, while its trading volume skyrocketed by 214.52% to $4.29 billion, signaling renewed investor enthusiasm. This positive momentum aligns with bullish patterns from prior December. In 2021, for instance, peaked at $1.72 in December, just months after nearing its $3 all-time high. Analysts are optimistic that Cardano could repeat such a rally, particularly if its current upward trend holds. Fibonacci projections even suggest ambitious price targets, with $2.453 and $8.30 emerging as key levels. Cardano’s fundamentals further bolster its prospects. Innovations like Quantum Hosky and the Chang hard fork update have fueled hype, enhancing its potential to outperform peers like Dogecoin (DOGE). Dogecoin (DOGE) Struggles to Maintain Momentum Amid $2 Hype Dogecoin (DOGE) has surged by an impressive 177.21% this month, largely fueled by Elon Musk’s mentions on X and excitement surrounding the Department of Government Efficiency’s nods to the meme coin. As of now, Dogecoin trades at $0.4292, gaining 1.85% in the last 24 hours and 1.64% over the past week.
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XRP Price Slips. Why the Crypto Is Selling Off Today. XRP has rallied over 400% since President-elect Donald Trump won the election, but Investors should brace for more volatility. XRP fell early Wednesday after Tuesday’s crypto rally saw the price of the digital token soar double digits. Investors should brace for more volatility. XRP is down 5.3% over the last 24 hours to $2.57. It dropped from its high of $2.73 on Tuesday afternoon, as investors were likely taking profits. Cryptocurrencies across the board got a boost Tuesday after Ripple, the payment platform that issues XRP, announced the beginning of trading of its new stablecoin RLUSD. “RLUSD is already being viewed as a highly promising stablecoin, comparable to USDT and USDC , and is even considered a potential competitor to them,” said Arthur Azizov, CEO at the crypto business B2BinPay. Boosted by hopes that RLUSD will cement Ripple’s position as a key player in the crypto space, XRP could reach a price range of between $5 and $7 in the first half of 2025, Azizov added. While crypto bulls will be bulls, there’s reason to be cautious around Ripple and its digital tokens. First, unlike other cryptos XRP isn’t mined by supercomputers solving complex problems. Instead, its supply is finite and Ripple controls most of it to ensure market stability, which has both advantages and drawbacks. Second, investors would also be right to question if its sensible that a currency with such a limited use case (XRP can only be used to settle payments on the Ripple platform) has a market value of $147 billion. Third, Ripple’s stablecoin RLUSD, which, unlike XRP, is pegged to the U.S. dollar and backed by the same amount of cash-equivalents according to Ripple, could struggle to keep its value on par with the dollar. That has been the case for Tether , the biggest stablecoin on the market, which in 2022 saw its value slip below its $1 peg.
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Is Cryptocurrency the Future of Finance? Here's How It Works Cryptocurrencies have risen in popularity, but how exactly do they work? Understanding the mechanics of these digital assets sheds light on their potential impact on the financial system. Essentially, cryptocurrencies are digital or virtual currencies powered by cryptography. This technology allows for secure and anonymous transactions over the internet. Unlike traditional currencies, cryptocurrencies are not controlled by a central authority, such as a government or financial institution. Instead, they operate on a decentralized network called the blockchain . A blockchain is a distributed ledger that records all cryptocurrency transactions across a network of computers. Each transaction is grouped into a block, and these blocks are chronologically linked to each other to form a chain. Once recorded, transactions are immutable , meaning they cannot be changed or deleted. This property increases the security and trust within the system. Another element that sets cryptocurrencies apart is their creation process, called mining . Miners use powerful computers to solve complex mathematical problems that validate transactions and add them to the blockchain. In return for their efforts, miners are rewarded with newly minted cryptocurrency, which introduces new coins into circulation. Additionally, cryptocurrencies offer users privacy and autonomy . Unlike traditional banking systems, cryptocurrency transactions only require the parties’ digital wallets, which hides individual identities. This appeal of anonymity and the absence of intermediaries reduces transaction fees and processing times. In short, cryptocurrencies use innovative technology to offer a new form of currency that promises autonomy, security, and efficiency. As the digital landscape evolves, understanding how cryptocurrencies function can provide valuable insights into the future of finance.
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