altcoins
Binance Coin (BNB), the native token of the BNB Chain, has experienced a remarkable surge, extending its recovery streak for the third consecutive week. As of August 22, 2024, BNB’s price reached approximately $574.93, marking a 3.2% increase over the last 24 hours and a notable 8.8% rise over the past seven days which adds to the 179.1% rise over the past 12 months. This impressive performance is fueled by several key factors, including Binance’s strategic expansion of its compliance team, dovish signals from the Federal Reserve, and a market environment that continues to favor the cryptocurr...
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The cryptocurrency market showed signs of a strong recovery on August 22, with Bitcoin holding steady above the crucial $60,000 mark. This stability, coupled with positive economic updates, has boosted investor confidence in risky assets, leading to significant gains in several altcoins. Among the top performers were POPCAT, io.net (IO), and Fantom (FTM), each surging up to 35% over the past 24 hours. Bitcoin, the bellwether of the digital asset market, maintained its position above $60,000, trading at $60,601.23 at the time of writing. Ethereum, the second-largest cryptocurrency by market cap...
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Franklin Templeton, a leading global asset management firm, has further advanced its digital asset initiatives by expanding its pioneering blockchain-integrated money market fund, Franklin OnChain US Government Money Fund, to the Avalanche network. The expansion reflects Franklin Templeton’s commitment to integrating traditional finance with decentralized finance (DeFi), marking a significant step in the firm’s innovative approach to financial services. It aims to enhance institutional investor access to digital finance by leveraging blockchain technology for record-keeping. Why did Franklin T...
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Zilliqa (ZIL) started the week with a bullish stance after breaking above a descending wedge pattern on Monday. Consequently, the altcoin saw a notable uptrend to trade at $0.01440 during this publication – a nearly 5% jump. ZIL to extend upsurgesThe altcoin exhibits a bullish outlook after a 3.50% increase over the past day. Further, on-chain data from Coinglass suggests an upside continuation for Zilliqa in the coming sessions. The rising open interest while the long-to-short ratio stays above one confirms ZIL’s bullish trajectory. Zilliqa postponed its upward move yesterday, 21 August, afte...
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Bitcoin (BTC) started 2024 on a bullish note, with optimistic developments such as spot exchange-traded funds approval and the halving. While the bellwether crypto wavers around the 60K mark, historical stats show Bitcoin witnesses record surges in Q4 of halving years. Thus, experts predict massive uptrends for BTC in the upcoming month, and new Bitcoin Dogs ($0DOG) looks to capitalize on such trends for extended rallies. Bitcoin Dogs is a new crypto asset that attracted attention during its presale as the first ICO on the Bitcoin blockchain. Bitcoin Dogs became one of the hottest ICOs of 2024...
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The top meme crypto, Dogecoin (DOGE), saw a 6% surge on 20 August as bulls targeted a $0.11 retest. The upsurge triggered a substantial increase in trading volume. However, the altcoin could not keep the momentum and had erased all the gains at press time. With Dogecoin reflecting prolonged consolidation, meme coin enthusiasts seem to shift to the new Solana-based Poodlana (POODL). Poodlana made waves recently after the successful completion of its limited-time-only presale, where it raised 8 million. While the presale ended, Poodlana developers have ensured the initial excitement remains. The...
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Ondo Finance (ONDO), a prominent player in the real-world asset (RWA) digitization sector, is currently navigating turbulent waters as enthusiasm around RWA projects wanes. According to a recent analysis by Kaiko Research, which specializes in crypto market data, Ondo Finance is showing signs of declining momentum. This slowdown is attributed to a broader trend affecting similar RWA initiatives and could be exacerbated by anticipated shifts in US monetary policy. The waning enthusiasm for RWAsThe initial surge in interest for RWA projects, including Ondo Finance, was driven by the promise of b...
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STEPN GO, the social-lifestyle spinoff of the popular move-to-earn game STEPN, has announced a collaboration with Casio’s iconic G-Shock brand. This partnership marks a significant milestone in the virtual and physical world convergence, as they unveil a limited-edition collection of NFT sneakers. The collection, part of Casio’s Virtual G-Shock project, aims to captivate both fitness enthusiasts and digital collectors, reflecting the growing intersection of fashion, fitness, and blockchain technology. STEPN GO’s collaboration with Casio’s G-ShockSTEPN GO has carved out a niche in the Web3 spac...
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Prometheum Capital, an SEC-recognized cryptocurrency firm, has announced the addition of Uniswap (UNI) and Arbitrum (ARB) to its custodial services for US customers. This expansion marks a significant step in the company’s ongoing efforts to enhance its cryptocurrency offerings and cater to the growing demand for secure digital asset storage solutions. Prometheum adds UNI and ARB to its custodial platformPrometheum Inc., through its subsidiary, revealed that corporate and institutional customers in the United States can now securely store Uniswap and Arbitrum tokens alongside Ethereum, which t...
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Kaspa (KAS) price has declined by 4% in the past 24 hours to trade below $0.16 as bulls struggle for upside momentum. Currently KAS trades more than 8% down over the past month and could see further losses if sellers take control. KAS price bounced after Binance Pool announcementIn early August, Kaspa (KAS) price fell sharply to revisit support near $0.12. The sell-off coincided with a dip in crypto prices, with top cryptocurrencies registering massive liquidations. However, like most altcoins, Kaspa has managed to rebound off those lows to retest key price areas. For KAS, one of the catalysts...
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