Author: Benjamin Lee
Loopring (LRC) has surged more than 14% in the past 24 hours. The native token of the Ethereum-based layer-2 scaling solution has also seen a massive jump in daily trading volume. If bulls hold onto gains, LRC price could target highs of $0.44 in the short term. Loopring (LRC), the native token of the Ethereum-based layer-2 scaling solution, has surged by 14% in the past 24 hours, accompanied by a notable spike in trading volume. According to data from CoinMarketCap, the price of LRC now hovers around $0.1058, suggesting fresh interest in the decentralized finance (DeFi) protocol. LRC’s rally, which…
A closely followed crypto analyst says that Bitcoin may have one last breakout rally before altcoins start to outperform BTC. The pseudonymous analyst known as Rekt Capital tells his 546,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon peak, opening the doors for altcoins to ignite explosive moves to the upside. BTC.D calculates how much of the crypto market cap belongs to BTC. A peaking Bitcoin dominance chart suggests that altcoins are close to outshining BTC. “Bitcoin dominance has one final leg left in its macro uptrend on the road to 71% (red).…
The gambling mentality is becoming the dominant mindset among crypto traders amid a surge in memecoin discussions, according to analytics firm Santiment. In a new report, Santiment says that memecoin mindshare is making a comeback despite the recent high-profile collapses of several assets in the sector. Santiment says that the rise in memecoin-centered discussions on social media suggests an increase in speculation and short-term investing mentality. “Memecoins, in particular, are once again gaining considerable attention. Online discussions about these high-risk tokens have proliferated as traders embrace a ‘gamble’ mindset, rather than a calculated investment approach. Notice how social volume has…
Crypto asset manager CoinShares says institutional digital asset investors have poured $5.5 billion into crypto over the past three weeks. According to its latest Digital Asset Flows Weekly report, CoinShares says that crypto products enjoyed inflows of $2 billion last week alone. “Digital asset investment products recorded a third consecutive week of inflows, totaling US$2bn last week. This brings total inflows over the past three weeks to US$5.5bn, marking a dramatic shift in sentiment following nine weeks of significant outflows. Total inflows year-to-date (YTD) now total US$5.6bn while recent price moves have seen total assets under management (AuM) rise to…
As Bitcoin pursues $100K on enhanced optimism, crypto enthusiasts explore narratives that could fuel the upcoming broad-based rallies. Let’s check why investors will watch NEAR and the viral PepeX in the coming sessions. NEAR, “the Bitcoin of AI tokens,” eyes a potential breakout as a bullish structure aligns with optimistic chatter. Meanwhile, PepeX’s advanced tokenization Launchpad grabs investor attention. It has nearly $2 million in the ongoing presale. NEAR hints at imminent breakouts Near Protocol’s native coin exhibits a bullish price structure, suggesting potential upswings. The token has secured solid grounds after months of subtle accumulations and consolidations. Meanwhile, the…
A widely followed crypto analyst thinks that two altcoins have strong fundamental narratives while flashing bullish price action. Pseudonymous trader Altcoin Sherpa tells his 245,400 followers on the social media platform X that the native assets of Curve DAO (CRV) and Hyperliquid (HYPE) are among the few “solid” altcoins in crypto. Curve Finance is a stablecoin-focused ecosystem, specializing in the efficient and low-slippage trading of dollar-pegged crypto assets. Meanwhile, Hyperliquid is a layer-1 protocol serving a decentralized exchange (DEX). Says Altcoin Sherpa, “But if you’re an investor that relies on these types of fundamentals, there are a few good ones…
The number of crypto projects that launched over the past four years has skyrocketed by over 1,500%, according to new data from the leading market aggregator CoinGecko. In a new report, CoinGecko says only 428,383 crypto projects were launched in 2021 and listed on the decentralized exchange (DEX) tracker GeckoTerminal. But by 2025, that number has surged to nearly 7 million. CoinGecko says much of the explosive growth is linked to Pump.fun, a Solana (SOL)-based cryptocurrency launchpad that enables users to deploy memecoins without extensive technical knowledge and significant capital. Data from crypto analytics firm Dune shows that the platform…
The world’s largest crypto exchange platform by volume is adding support for a new liquidity infrastructure project, causing its native asset to skyrocket. In a new announcement, Binance says that on May 2nd, it rolled out support for the decentralized omnichain protocol StakeStone (STO). “Binance is excited to announce the 17th project on the HODLer Airdrops page – StakeStone, a decentralized omnichain liquidity infrastructure protocol designed to transform how liquidity is acquired, distributed, and utilized across blockchain ecosystems.” The HODLer Airdrops program, which launched in June 2024, rewards those holding Binance’s native asset BNB with crypto based on previous snapshots…
The Ethereum (ETH)-based layer-2 project Movement (MOVE) cratered to an all-time low on Thursday after Coinbase announced it would axe trading support for the asset on May 15th. Coinbase didn’t articulate a specific reason for the delisting, but the decision materialized a few weeks after Movement became embroiled in a controversy on another top crypto exchange. In late March, Binance banned and froze the assets of a market maker that operated for Movement. The layer-2 project’s native token launched via Binance’s Airdrops Portal in December, but Binance said that after MOVE was listed, the unnamed market maker sold approximately 66…
Stablecoin issuer Tether (USDT) is reportedly looking to return to the US with a new dollar-pegged digital asset. According to a new report by CNBC, the world’s largest stablecoin issuer is looking to launch a new crypto asset pegged to the US dollar by the end of the year as its chief executive continues to influence national crypto policies. News of the new stablecoins was confirmed by Tether CEO Paolo Ardoino in an interview with CNBC. According to Ardoino, Tether – which is headquartered in El Salvador – is attempting to rebrand itself as being cooperative with law enforcement, as…