The post This Positive Cycle In WIF Price Teases A 90% Upside appeared first on Coinpedia Fintech News Bitcoin crashing to the bottom level of $57,000 boosts a selling spree in altcoins, leading to a massive dump in quick-to-move meme coins. In this sector, the WIF price trend shows a rather refreshing setup with an upside potential to reach $5. As it tests a crucial support level with the support of momentum indicators, …
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Solana Restaking Protocol Solayer Reportedly Raised $20M in 45 Minutes
Solayer Labs’s startup has soft-launched deposits into its Solana-based restaking protocol. The launch was highly successful, as the protocol raised $20 M in 45 minutes, maxing its limit according to Blockworks reports. The Solana-based restaking protocol soft-launched deposits that were restricted to an invite-only pool. The deposits allowed users to restake SOL on the protocol.
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XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally?
On-chain data shows that XRP and Cardano whales have been accumulating recently, which can be bullish for the prices of these altcoins. XRP & Cardano Whales Have Gone On A Buying Spree Recently As analyst Ali explained in a new post on X, XRP whales have seen their holdings go up over the last couple of weeks. The indicator of relevance here is the “Supply Distribution” from the on-chain analytics firm Santiment, which tells us about the total amount of assets the different market groups hold. Related Reading: Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns The whale cohort is of interest in the current discussion. These investors hold between 1 million and 10 million XRP in their balance. At the current exchange rate, these amounts are worth around $0.52 million and $5.2 million, respectively. Clearly, these are pretty significant holdings, which is why whales are considered influential in the market. Now, here is a chart that shows how the Supply Distribution of the entities belonging to this XRP group has looked like recently: The graph shows that while the XRP price has been stuck in consolidation during the last couple of weeks, the whales have been viewing the opportunity as a buying one. These humongous investors have scooped up over 110 million cryptocurrency tokens (equivalent to almost $57 million) inside this window. This buying scale isn’t particularly massive, but the fact that these investors have been backing the coin through this poor period should be an optimistic sign. It would also appear that XRP isn’t the only one on the large holders’ radar recently. Market intelligence platform IntoTheBlock revealed in an X post that Cardano has also seen a significant buying push. In the above chart, IntoTheBlock displays the holdings of the Cardano investors, which are between 100 million and 1 billion ADA. This range’s bounds convert to about $45.3 million and $453 million, respectively, so these whales would be much more massive than the XRP ones just discussed. As is apparent from the graph, these ADA entities have expanded their holdings over the past month. More particularly, their supply has grown by 11% in this period, which, when considering the scale of the total holdings of this group, is an enormous increase. According to the analytics firm, these Cardano whales now control 6.71% of the entire circulating supply of the cryptocurrency all by themselves. Related Reading: Bitcoin Hash Ribbons Form Capitulation Signal: What It Means This latest buying push towards XRP and ADA from the whales simultaneously could be a potential sign that these large entities are expecting an altcoin rally soon. Given that Cardano has seen it happen at a much more significant scale, the coin could likely see better returns than XRP if a surge does happen. XRP Price XRP has displayed stale price action recently, as its price has continued to move sideways around the $0.52 level. Featured image from Kanchanara on Unsplash.com, IntoTheBlock.com, chart from TradingView.com
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Foundation for Next Altcoin Hype Cycle Now Setting Up, Says Crypto Trader – Here’s His Timeline
A closely followed crypto analyst says that altcoins are setting the stage for a massive breakout by July. Pseudonymous analyst Rekt Capital tells his 467,200 followers on the social media platform X that an alt “hype cycle” is likely coming in the second quarter of the year as the market consolidates. “Still time left before The post Foundation for Next Altcoin Hype Cycle Now Setting Up, Says Crypto Trader – Here’s His Timeline appeared first on The Daily Hodl .
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Discover the Best Altcoins to Buy: Exploring Near Protocol, Cardano, and BlockDAG’s 30,000x Potential
Are you on the hunt for altcoins that not only promise substantial returns but also exhibit groundbreaking innovation and robust growth? In the dynamic world of cryptocurrencies, pinpointing those opportunities that distinguish themselves through advanced technology, significant market potential, and strong community support is more crucial than ever. This article takes a closer look at The post Discover the Best Altcoins to Buy: Exploring Near Protocol, Cardano, and BlockDAG’s 30,000x Potential appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
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Morgan Stanley’s Bitcoin ETF Position Exposed: Filing Discloses $270 Million In Holdings
In a recent filing with the US Securities and Exchange Commission (SEC), Morgan Stanley, the American multinational investment bank and financial services company, disclosed its substantial investments in the newly approved Bitcoin ETF market. The bank’s filing revealed holdings in two prominent Bitcoin exchange-traded funds: Grayscale Bitcoin Trust (GBTC) and Ark Invest’s ETF. Morgan Stanley’s
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BDAG Outpaces Solana’s & SHIB Predictions with New Dashboard
BlockDAG’s Dashboard Innovation Drives Growth, Surpassing Solana And SHIB Market Forecasts Amidst the dynamic shifts in the cryptocurrency landscape, BlockDAG has emerged as a standout with its advanced dashboard, attracting both new and seasoned investors. While Solana exhibits signs of resurgence backed by notable institutional investment, and SHIB’s market prospects
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