Forget SHIB and PEPE Coin hype: These 3 penny cryptos could 100x in the 2025 bull run
As the crypto market gears up for a bull run, attention shifts from meme coins to penny cryptos Neiro, Floki, and Rexas Finance, which are expected to excel by 2025.
As the crypto market prepares for the next bull run, it is clear that attention is shifting from meme coins like Shiba Inu and PEPE coin to other promising tokens. Three penny cryptos are rising as the frontrunners expected to perform exceptionally well by 2025: Neiro, Floki, and Rexas Finance (RXS). These tokens are garnering interest for their innovative features, strong growth potential, and unique market positions.
Solana network usage hits all-time high; will SOL price reach $120?
Solana (SOL) price surged to a 30-day peak of $107 on Jan. 30 as rising defi volumes on the layer-1 network airdrop buoyed investor confidence.Solana is trading at $98 at press time on Feb. 5, down 8% from the recent peak of $107 recorded just six days prior. But notably, a stark comparison between Solana’s price and the current trading volume trends suggests most SOLholders are positioned for an early rebound phase.Solana price bucked market trends on Jan. 30, soaring 12.4% to a 30-day high of
This market bloodbath has been exacerbated by massive selloffs from the Grayscale Bitcoin Trust (GBTC) shortly after the ETF approval. Interestingly, after the SEC’s ETF approval, Alameda, FTX’s sister firm, recently withdrew its case against Grayscale.However, data suggests that FTX also sold off 22 million GBTC shares, compounding the bearish pressure on Bitcoin and the broader market. Besides the FTX sale, institutional investors have continued to dump their GBTC shares, resulting in more BTC
The global cryptocurrency market cap has lost $40 billion over the past 24 hours amid the sustained market-wide turbulence that has seen several assets such as Bitcoin (BTC) and Ethereum (ETH) drop by shocking margins.This downtrend, which started on Jan. 12 following the initial hype surrounding the spot Bitcoin ETF approval, has endured amid several selloffs from institutional and retail investors alike. It has led to a slew of selloffs that has compounded into panic across the market. Bitcoin
Grayscale Destroyed Bullish Crypto Momentum, But Not for Long
The cryptocurrency market's momentum drop we witnessed recently has a perfect explanation: Grayscale, a leading digital asset manager, reportedly decreased its Bitcoin holdings by approximately 52,227 BTC, equating to a staggering $2.14 billion. This sell-off is significant enough to dampen the bullish momentum that has persisted on the market recently.Grayscale's move came in the wake of the Bitcoin ETF's approval, which marked a watershed moment for cryptocurrency's mainstream financial integr
Solana, Cardano Lead Crypto Market Lower as Traders Grapple With Bitcoin Headwinds
Solana’s SOL and Cardano’s ADA fell 5% in the past 24 hours, leading losses among majors. BNB Chain’s BNB was little changed amid demand for launchpads that require the token on the crypto exchange Binance. Dogecoin (DOGE) initially bucked the broader market weakness amid speculation of adoption in an upcoming feature on social application X but has retreated in the past 6 hours.
Bitcoin, the world's biggest cryptocurrency by market value, lost the $41,000 support level early Monday. Traders expect prices to fall as low as $38,000 in the coming weeks, which could lead to more losses in other cryptocurrencies. Recent downward pressure on bitcoin has been attributed to sales stemming from Grayscale’s GBTC bitcoin exchange-traded fund (ETF), as per some analysts, including Bloomberg’s Eric.