crypto
Universal crypto app Venga has announced the appointment of Michael Stroev as its new CEO. The former Nebeus COO & Head of Product will lead Venga’s efforts to integrate innovations from the decentralized space with traditional finance, aiming to accelerate the adoption of web3 technologies. Venga’s mission and market gapVenga is dedicated to empowering users to explore and utilize innovative products from the DeFi and web3 spaces while offering popular financial services already available in the market. The app is designed to provide consumers with a wide range of financial services, ultimate...
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Altcoins are signaling recovery following Bitcoin’s latest upswing past $65.5K. Meanwhile, Solana emerges as the front-runner of the impending bull market. Bullish developments such as the SOL exchange-traded funds narrative and meme crypto rally have kept Solana afloat this season. Market players trust ETFs will lead to a 9x surge for Solana, propelling the altcoin above $1000. That would see projects housed with the Solana blockchain, including political-based Solciety (SLCTY), outperforming in the upcoming months. Solciety is among the new meme coins in the SOL ecosystem, and its timing and...
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Every new season in crypto brings fresh tokens, fresh metas, fresh ecosystems, and fresh opportunities. While trends change and verticals rise and fall, the quest for new opportunities remains undiminished. For astute traders, searching for undiscovered gems and undervalued tokens, it’s wise to cast a wide net to maximize the chances of uncovering a winner. The three tokens profiled here share little in common save for the amount of interest they’re currently garnering. Interest that is likely to convert into price appreciation this season. While there are no guarantees in crypto, the followin...
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Super Trump Coin (STRUMP) recently experienced a surge following an assassination attempt on former President Donald Trump, showcasing a significant rally alongside other PolitiFi tokens. The PolitiFi tokens saw impressive gains, with increases of 37%, 54%, 62%, and 56% for MAGA, TRUMP, STRUMP, and TREMP tokens respectively on the backdrop of the assassination attempt. However, profit-taking quickly ensued, dampening some of these gains. Super Trump coin (STRUMP) price predictionAfter experiencing a slight pullback as a result of the ensuing profit-taking, STRUMP is currently navigating a reco...
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The latest Bitcoin (BTC) jump past $65K triggered notable upsurges in the altcoin market. That saw Qtum (QTUM) recording impressive upticks, which saw it overpowering a falling wedge on the daily chart. The breakout suggests a potential end of a prolonged decline, indicating an upcoming bullish wave for QTUM. The prevailing setup points to a more than 70% increase from the current price, taking the QTUM price above the $4.5 mark. Recent ecosystem developments and optimistic sentiments in the altcoin market support QTUM’s anticipated recovery. June updates from the project highlight crucial pro...
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Prominent Indian cryptocurrency exchange WazirX is the latest victim of an exploit. Reports suggest the exchange’s Multisig wallet on Ethereum has been compromised. On July 18, Web3 security firm Cyvers detected several suspicious transactions that moved $234.9 million of funds from the exchange’s wallet to a new address. Attacker starts dumping tokensFurther, the security firm noted that each of the transaction callers was funded by Tornado Cash, a decentralised privacy protocol. According to Etherescan data, the first transaction saw 4.1 Gnosis (GNO) moved to the exploiters’ address. The att...
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Stellar Lumens (XLM) and Ripple (XRP) prices have underperformed Bitcoin and Ethereum this year. They have all dropped in 2024 while BTC and ETH have risen by almost 50%. Stellar has been the worst-performing tokens of the four as it dropped by over 20%. XRP vs XLM vs BTC vs ETH Ripple and Stellar are facing headwindsStellar and Ripple are the two biggest blockchain companies that focus on the cross-border payment industry. They were both formed to make it easier and cheaper for people to send and receive funds internationally. Indeed, Stellar was established by Jed McCaleb, who was a founding...
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AI crypto project Render (RNDR) recently attained a remarkable milestone in user activity. Renowned analyst Ali Charts revealed that the platform saw the highest number of 24-hour active addresses since Render’s launch. He added that the upcoming migration of all RNDR coins to RENDER is behind the surged activity, indicating amplified engagement and interest among Render investors. Render’s token migrationThe platform plans to move all RNDR assets from the Ethereum network to Solana, rebranding the coin to RENDER. Render launched as an ETH project in 2017, but a community vote in 2023 suggeste...
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There has been a drop in the number of Bitcoin (BTC) holders. The trend observed over the past month comes as several analysts are expecting the flagship crypto to hit six figures. A July 18 post from analytics firm Santiment states that the number of wallets holding more than zero Bitcoin has dropped. Within a month’s time, 672,510 wallets have been liquidated. Institutions take overHowever, according to the analytics firm, “mass liquidations” such as these indicate a higher probability for “continued rebound.” Santiment believes traders are reluctant to enter the market at the time because t...
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Demand for yield is growing as central bank interest rates remain at stubbornly high levels. In the United States, the Federal Reserve has left interest rates at a 23-year high of between 5.25% and 5.50%. While rates in most countries have started falling, they remain at an elevated level compared to where we were in the pandemic. All this means that investors can allocate cash to risk-free assets like government bonds to generate a return. Financial services companies have also created active funds that focus on yields. We have written about covered call ETFs like theJPMorgan Premium Equity (...
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