Altcoins
Bonk Price Prediction and the Next AltCoin to Watch Out For
As the crypto market gets ready for the next bull run, investors are hunting for coins that could bring them big profits. One coin that’s been getting a lot of attention is Bonk ($BONK) – a rising memecoin that has done wonders in 2024, including delivering over 6x profit to some early investors.
In this article, we’ll explore a Bonk price prediction and also check out another coin that could be an even better investment, Pikamoon ($PIKA).
BONK is a cryptocurrency that operates on the Solana blockchain. It was launched on December 25, 2022, and gained attention for being the first dog-themed coin on the Solana network. It is often categorized as a meme coin, similar to popular cryptocurrencies like Shiba Inu (SHIB) and Dogecoin (DOGE).
One notable aspect of BONK is its distribution model, where nearly half of the total token supply is distributed among participants who contribute to the Solana blockchain’s development and community. This distribution aims to incentivize engagement and foster a sense of ownership among users.
Since its launch, BONK has been on a wild ride, with its value soaring and trading volumes hitting the roof. Now, some investors who got in early on BONK are wondering if it’s time to cash in their profits and roll into other altcoins that might offer even better chances for long-term gains.
If you missed out on BONK’s early success, don’t worry! Read till the end to find out the next big altcoin that could be your ticket to big profits.
Brief Overview of Bonk’s Price Movement
Bonk has been on a remarkable journey of growth and dominance, with its recent price surge capturing the attention of traders worldwide. Over the past year alone, Bonk has seen an incredible surge of 5000%, making it a standout performer in the crypto space. In the last 30 days, the price has surged by over 186%, and in the last 7 days, it’s seen an impressive 18% increase.
This surge in price has been accompanied by a significant increase in trading volume, indicating a growing interest and confidence among investors in this digital asset. Moreover, Bonk’s market capitalization has skyrocketed from under $10 million in the past year to a staggering $1.8 billion, solidifying its position as a major player in the crypto market.
With its current trading price sitting at $$0.00002905, along with its increased trading volume and market capitalization, Bonk is clearly gaining traction and earning the trust of traders and investors alike. Its exceptional growth and market standing make it a promising cryptocurrency to watch in the ever-evolving crypto landscape.
Factors contributing to potential price increase
There are several key factors that contribute to the price increase of Bonk. These include wider crypto markets, Solana upgrades, Bonk ecosystem developments, regulatory developments, and vesting tokens.
Firstly, the wider crypto markets have a significant impact on the price of Bonk. As cryptocurrencies gain more mainstream adoption and popularity, the demand for Bonk and other digital assets increases. Positive trends in the overall crypto market, such as increased trading volumes and favorable market sentiment, can lead to a potential price surge for Bonk.
Secondly, Solana upgrades can greatly influence the price of Bonk. Solana is a high-performance blockchain platform that Bonk operates on. Any upgrades or improvements to the Solana network can enhance the functionality and performance of Bonk, attracting more users and investors. This increased adoption and confidence in the technology can drive the price of Bonk upwards.
Furthermore, the development of the Bonk ecosystem plays a vital role in price appreciation. As the Bonk ecosystem expands and incorporates new features, applications, and partnerships, it becomes more attractive to users and investors. The development of decentralized finance (DeFi) protocols, decentralized exchanges, or any other significant ecosystem developments can drive demand for Bonk and potentially lead to price appreciation.
Additionally, regulatory developments have a direct influence on the price of Bonk. Government regulations, restrictions, or favorable policies regarding cryptocurrencies can significantly impact the market sentiment towards Bonk. Positive regulatory developments, such as clearer guidelines or increased acceptance of cryptocurrencies, can boost investor confidence and drive the price of Bonk higher.
Lastly, vesting tokens can contribute to potential price increases. Vesting tokens are those that are locked for a specific period, preventing their immediate sale. This mechanism creates scarcity and reduces the circulating supply of Bonk in the market. Consequently, as the supply decreases, the price can potentially rise due to increased demand.
Overall, several factors can contribute to the potential price increase of Bonk. The wider crypto markets, Solana upgrades, Bonk ecosystem developments, regulatory developments, and vesting tokens all play crucial roles in influencing the price of this cryptocurrency token. By keeping an eye on these factors and their impact, investors and users can gain insights into the potential price movements of Bonk.
Bonk Coin Price Prediction: What’s Next for Bonk?
Speaking of price prediction for BONK, this solana meme coin has been experiencing a massive rally since mid 2023 – breaking several resistance levels and reaching a new high around the $0.00004704, rising from its 2023 low near $$0.00000009197. However, BONK’s price is currently correcting and approaching a broken resistance around the $0.000024 level, which shows that early investors are now taking profits.
Taking a look at the Relative Strength Index (RSI) indicator, which currently sits at around 66%, we can observe that the bullish momentum remains intact. If this momentum persists, there’s a chance for BONK to reclaim its previous high of $0.00004704, representing a potential 90% increase from its current market price.
While a 90% gain may seem substantial, there’s an even more promising altcoin on the horizon—one with the potential to deliver a staggering 100x return effortlessly.
Introducing Pikamoon (PIKA): The Next Altcoin to Watch Out For
If you’re on the hunt for the next big meme coin set to take off, Pikamoon (PIKA) might be just what you’re looking for. With recent hits like BONK, WIF, and PEPE, meme coins are still hot, and PIKA is gearing up for a big launch on major exchanges in the next 2-3 weeks.
Why PIKA Stands Out
Let’s delve deeper into why PIKA is generating so much buzz, and therefore why it could be a lucrative investment path to take:
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Presale Success: The fact that PIKA’s presale phase was a smashing success speaks volumes about the enthusiasm surrounding the project. Raking in over $1.4 million in just 7 days shows the strong interest and demand for Pikamoon (PIKA) even before its official launch. This early success indicates a promising start for the project and suggests that investors see potential in PIKA’s future.
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Major Exchange Listings: PIKA’s plans to launch on major cryptocurrency exchanges right off the bat are noteworthy. It’s not common for new coins to secure listings on such prominent platforms immediately. This early access to major exchanges not only increases PIKA’s accessibility to a broader audience but also enhances its credibility and visibility within the crypto community.
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Influential Endorsements: The fact that influential figures within the cryptocurrency space are already discussing PIKA is significant. This kind of endorsement from respected individuals can help amplify awareness and generate even more excitement surrounding PIKA’s launch. It signals to potential investors that PIKA is a project worth paying attention to and may encourage them to get involved.
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Transparent and Engaged Development Team: PIKA’s commitment to transparency and community engagement sets it apart. The team behind PIKA is fully doxxed, and therefore open about their identities and development plans. In turn, this fosters trust and confidence among investors. Additionally, the project has launched a podcast wherein the team discusses all things Pikamoon in an incredibly transparent way.
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Robust Community Backing: PIKA has already amassed a sizable and enthusiastic community of supporters. This strong community backing is a testament to the project’s appeal and potential for success. A supportive community can play a crucial role in driving adoption, spreading awareness, and fostering long-term growth for a cryptocurrency project.
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Diversified Focus on Gaming: While PIKA is often categorized as a memecoin, its unique focus on gaming sets it apart from traditional meme tokens. By creating its own AAA gaming ecosystem, PIKA is tapping into a market with immense potential for growth and adoption. This diversified approach not only expands PIKA’s utility, but also differentiates it from other coins in the memecoin market.
PIKA’s presale success, planned exchange listings, influential endorsements, transparent development practices, strong community support, and focus on gaming make it a compelling investment opportunity. By capitalizing on these key strengths, PIKA has the potential to emerge as a prominent player in the cryptocurrency space.
How PIKA Could Make You Money
Let’s break down how investing in PIKA could potentially boost your financial portfolio:
1. Low Initial Value: PIKA enters the market with a low starting price, presenting investors with an opportunity for substantial future gains. Similar projects with humble beginnings have skyrocketed in value, turning early investors into success stories.
Launching on exchanges at $0.0007 and a market cap of $10M means that even a small investment could yield significant returns once the project takes off. Compared to BONK – which is already trading close to its all time high – PIKA has the potential to flip your portfolio multiple times over.
2. Early Investment Advantage: As PIKA’s launch date approaches, getting in early can be the key to maximizing your profits. Early investors often reap the biggest rewards before widespread awareness drives up prices.
By investing in PIKA before it gains mainstream attention, you position yourself to capitalize on its growth potential and potentially secure higher returns compared to latecomers.
In essence, PIKA’s low initial value coupled with the opportunity to get in early presents a compelling case for potential profitability. Investing in PIKA at this stage could pave the way for lucrative returns down the line, making it an attractive option for savvy investors looking to capitalize on emerging opportunities in the cryptocurrency market
Conclusion: Why PIKA Could Be Your Best Bet
In conclusion, PIKA emerges as a standout contender among the next wave of altcoins, offering investors a promising avenue for potential growth and profitability.
With its successful presale, imminent listing on major exchanges, endorsement from influential figures, transparent development strategy, enthusiastic community support, and innovative focus on gaming, PIKA presents a compelling investment opportunity. Its low price and potential for early investment gains further enhance its appeal to those seeking to capitalize on the burgeoning cryptocurrency market.
By considering PIKA as the next altcoin to watch out for, investors can position themselves for potential success ahead of the next bull run. Don’t miss out on this opportunity.
FAQ
In this section, we aim to address the most commonly asked questions and offer clear and comprehensive responses to ensure understanding and satisfaction for our users.
What is BONK Price Forecast 2024
The BONK Price Forecast for March 2024 indicates that the average rate of BONK is expected to be around $0.000025. This forecast takes into consideration various market factors and trends that are projected to affect the price of BONK during that period.
Furthermore, the forecast also presents the projected minimum and maximum prices for BONK in March 2024. The minimum price is estimated to be around $0.000023, indicating that the price may experience some downward fluctuations during that time. On the other hand, the maximum price is projected to be around $0.000026, suggesting that there is potential for upward movement in the price of BONK.
It is important to note that these projections are based on the available data and analysis at the time of the forecast. As with any investment, there are inherent risks involved, and the actual price of BONK may vary from the forecasted values. Therefore, it is advisable for investors to conduct their own research and seek professional advice before making any investment decisions.
Price Prediction for BONK 2025?
Predicting the price of Bonk in 2025 involves analyzing its historical performance. Based on this analysis, it is projected that the minimum price of Bonk could be approximately $$0.00005, while the maximum price may reach around $$0.000063. On average, the trading price is expected to be around $$0.000057 in 2025.
Price Prediction for BONK 2026?
According to insights from cryptocurrency analysts, Bonk’s price projections for 2026 indicate a minimum estimate of approximately $$0.00007 and a maximum estimate of around $$0.00009. On average, the anticipated trading price is expected to be approximately $$0.000081.
Price Prediction for BONK 2027?
Cryptocurrency analysts have conducted a thorough examination of Bonk’s historical price data to make predictions for the year 2027. Based on their analysis, it is projected that the minimum price of BONK could potentially decrease to approximately $$0.000097, with a maximum reaching up to $$0.00014. On average, traders may expect the trading cost to hover around $$0.000121.
Price Prediction for BONK 2028?
According to cryptocurrency analysts, the projected prices for Bonk in 2028 are as follows: the minimum BONK price is anticipated to be around 0.000140,while the maximum is expected to reach approximately 0.000140,while the maximum is expected to reach approximately 0.000171. On average, traders can expect Bonk to be traded at approximately $$0.000154.
Price Prediction for BONK 2029?
According to ongoing analysis by cryptocurrency experts, the anticipated average price for BONK in 2029 is approximately $$0.000219. While it could experience a minimum drop to around $$0.000213, there’s potential for it to surge to as high as $$0.000243 during the year.
Price Prediction for BONK 2030?
As we look ahead to 2030, cryptocurrency experts have conducted thorough analyses to provide insights into the price forecast of Bonk (BONK). These predictions are crucial for investors and enthusiasts, as they offer valuable guidance in navigating the dynamic crypto market.
Based on these analyses, it is anticipated that BONK will continue to demonstrate resilience and growth potential in 2030. The projected trading range for BONK spans from $$0.000297 to $$0.000368, indicating a considerable scope for price movement within the year. This range suggests that BONK may experience fluctuations in value, influenced by various factors such as market sentiment, investor activity, and broader economic trends.
Moreover, the average price of BONK throughout 2030 is estimated to be approximately $$0.000306. This average serves as a key reference point for investors, providing a benchmark for assessing the coin’s performance over time. While fluctuations in price are to be expected in the crypto market, this average offers a consolidated view of BONK’s overall valuation trends throughout the year.
Altcoins
On-chain data confirms whales are preparing for altcoin surge with increased buy orders
Ki Young Ju, CEO of analytics platform CryptoQuant, believes whales are preparing for an upcoming surge in altcoins.
In a recent revelation about X, Ju underlines that the volume of limit buy orders for altcoins, excluding Bitcoin and Ethereum, is increasing. This pattern suggests the formation of substantial buy walls, highlighting significant buying pressure from large-scale investors.
Ju’s chart identifies two main phases in limit order volume for altcoins: the limit sell phase and the limit buy phase. The limit sell phase saw a notable increase in cumulative sell orders in 2022, demonstrating strong selling pressure from whales and other market participants. This phase coincided with a period of falling altcoin prices due to unfavorable market conditions.
Then, the limit buying phase began, marked by a significant increase in cumulative buy orders. This indicates a period of strategic accumulation where whales establish substantial buy walls.
According to Ju, the increase in buying volume suggests confidence in the future conditions of the altcoin market. This buying pressure creates strong support levels, indicating that whales are preparing for a positive change in the market.
Buying pressure on specific altcoins
Ju also provided a heatmap of the 1-year normalized cumulative buy/sell volume difference for various altcoins, showing the buying and selling pressure over time. Solana (SOL) has seen alternating strong buying and selling phases, with recent activity showing increased buying interest. Cosmos (ATOM) and Polygon (MATIC) have also shown increased buying pressure despite mixed activity trends.
Cardano (ADA) and PancakeSwap (CAKE) have shown balanced buying and selling phases, with recent trends proving increased buying pressure. Coins like AMP and ANKR have also demonstrated increased buying activity. The heatmap reveals that most altcoins are seeing increased buying pressure as whales and large investors accumulate altcoins in anticipation of a rally.
Meanwhile, coins experiencing selling pressure, as indicated by the predominantly red areas on the heatmap, include DOGE, DASH, AXS, XRP, COMP, and AAVE, BNT.
Bitcoin whales are also buying
It is important to note that while whales are accumulating altcoins, Bitcoin whales are also active. Crypto Basic note an increase in buyer activity on Binance, which aligns with an increase in the buy/sell ratio of takers and whale movements. Analyst Ali Martinez highlighted the ratio fluctuations from below 0.8 to above 1.7 between July 27 and 31. Ratios above 1.0 indicate aggressive buying, often preceding price rallies.
From July 27 to July 28, the ratio remained mostly above 1.0, corresponding to the rise in Bitcoin price from around $66,500 to over $67,000. A spike to around 1.5 led to a sharp increase in price to around $68,500. However, on July 30 and 31, the ratio fell below 1.0 several times, corresponding to a drop in price to around $66,000, before a final spike to 1.7 indicated another slight increase in price.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoins
How to buy a car with cryptocurrency
The automotive and cryptocurrency industries have been merging for the past few years. As digital currencies become more prevalent in everyday activities, it is increasingly likely that they will be integrated into everyday transactions, such as when buying a car. The article unpacks the dynamic relationship between cryptocurrency and car buying today, explaining how digital currencies can be used to buy a vehicle today. It includes elements such as some of the benefits and challenges of buying a car using cryptocurrency and what lies ahead in the future.
Understanding Cryptocurrency Payments in the Automotive Industry
Cryptocurrency is not just a digital asset; it represents a revolutionary approach to decentralized financial transactions. The automotive industry, known for its adaptability, has begun to accept cryptocurrencies as a legitimate form of payment in various markets. For example, luxury car dealerships and online platforms offering car auctions in new york increasingly allow buyers to purchase cars using cryptocurrencies.
There are several factors that determine how much cryptocurrency you need to buy a car. Among them, the most influential will be the current value of the cryptocurrency you want to use at that moment. Unlike traditional currencies, cryptocurrencies can be very volatile. Their value can change drastically in an instant, which affects the amount needed at the time of purchase.
Benefits of Buying Cars with Cryptocurrency
Buying cars with cryptocurrencies offers several advantages:
– Reduced transaction fees: Cryptocurrencies can reduce the fees involved in large financial transactions typical of car purchases.
– Enhanced Privacy: Buyers who value their privacy can benefit from anonymity through blockchain-based transactions.
– Speed and convenience: transactions are faster than those carried out by banks, especially when the operation has an international scope.
Challenges and considerations
Although the benefits are compelling, several challenges must be considered:
– Volatility: At one moment, the price of any cryptocurrency can collapse, or the next minute it can skyrocket, and the price needed to buy a car can double or triple from one day to the next.
– Limited acceptance: Not all dealers accept cryptocurrency, which in turn may limit its use for making purchases.
– Tax implications: This may create different tax implications on purchases via cryptocurrency, depending on your jurisdiction.
Practical steps to buy a car with cryptocurrency
If you want to use cryptocurrency to buy a car, follow these steps:
- Ensure Acceptance: Check if the dealer or auction accepts the use of cryptocurrency.
- Check the conversion rate: You need to know how much your cryptocurrency is currently trading at compared to the price of the car in fiat currency.
- Secure your funds Make sure your digital wallet is secure and funded.
- Know the terms: Be informed and be clear about return policies as well as any additional fees incurred.
- Complete the transaction: Continue the payment via the digital wallet.
Future prospects
There is a good chance that many car dealerships will start accepting digital currencies, especially when blockchain technology pushes the boundaries and cryptocurrencies become stable. This trend is expected to be propelled forward due to the increasing demand for transparency, security, and efficiency in transactions.
Conclusion
The potential for cryptocurrencies to have a real impact on the car buying process is enormous. Of course, there are a few issues that emerge when considering the current market, including volatility and limited acceptance. However, the benefits of using digital currency to execute such transactions can easily outweigh the drawbacks for many buyers. As both sectors continue to grow, buying cars with cryptocurrencies shows a promising future and therefore creates a more connected and developed technological automotive market.
This means that buying a car, whether in cryptocurrency or in another form, is not just about following technological trends; it is rather about enjoying greater freedom and efficiency in financial transactions. Indeed, the closer the digital and automotive worlds become, the more buyers should expect simpler, much safer and also very innovative ways of purchasing.
Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.
Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoins
Introducing Bit-Chess. The World’s First Fully Decentralized Chess Platform
Bit-Chess announces the pre-sale of the world’s first fully decentralized chess platform, combining the classic strategy game with the innovative world of cryptocurrencies. This platform will change the way millions of people interact with chess online, providing a digital space where players can enjoy their favorite game, compete in global tournaments, and earn rewards through play-to-win mechanics.
Bit-Chess is an entry point for both experienced players and newcomers to the crypto space. It provides tools and guides to help even inexperienced users get started with cryptocurrencies by creating in-game wallets upon first login. It is the first chess game to use Web3 technology, and all participants can earn money while playing.
During the presale, 500 of the 2,000 special NFTs will be available, with the rest distributed through tournaments and auctions. Unless NFT holders agree otherwise, the team will manage 1,500 NFTs, preserving their rarity with a cap of 2,000 pieces. More information about the NFT marketplace will be released after the token’s official launch.
The platform aims to become the world’s leading online chess center, offering:
Play to win features.
Global tournaments with cash or NFT prizes.
Player versus player challenges
Special NFTs and more
Bit-Chess invites players from all over the world to join its unique ecosystem, where playing chess is more than just entertainment: it’s an opportunity to earn and learn in the world of crypto.
For more information and to participate in the presale, Visit the Bit-Chess website.
Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. The Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.
Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoins
Here’s the price of XRP if it handles 10% of SWIFT transactions
Popular community figure Amélie predicts a massive increase in the price of XRP if its underlying network, XRPL, is used to process 10% of all SWIFT transactions.
In a recent article on X, Amélie took on SWIFT (Society for Worldwide Interbank Financial Telecommunication), suggesting that XRP is a better alternative for cross-border settlements.
Ripple claims Swift is not fast enough
In a recent post on X, the community personality called attention to a Ripple ad claiming that “Swift isn’t fast enough.” The remark was a subtle criticism of Ripple’s transaction processing speeds for the global financial messaging giant.
Interestingly, Ripple has recommended financial institutions to adopt its solution to instantly transfer value across borders.
Amelie compared the processing speed of SWIFT and XRP transactions. According to community figures, cross-border transactions on SWIFT typically take between three and five business days. Conversely, Amelie claimed that XRP transactions can be completed in four seconds.
After the analysis, Amélie echoed Ripple’s sentiments, pointing out that SWIFT is not fast enough compared to XRP.
XRP to Surpass $1,000 if it handles 10% of SWIFT transactions
Therefore, enthusiasts have speculated that all SWIFT transactions will eventually be processed through the XRP Ledger (XRPL), the underlying blockchain of the XRP token.
Interestingly, she suggested that the price of XRP could surpass $1,000 per token if 10% of all SWIFT network transactions were processed through XRPL. However, Amelie did not provide details on how XRP could reach this milestone.
SWIFT VS XRP:
SWIFT: 3 to 5 business days
XRP: Cross-border payments in 4 seconds
SWIFT IS NOT FAST ENOUGH!
I think all Swift transactions will soon be processed via #XRPL 💵💱💴
10% of SWIFT network = $1,000+ per XRP! pic.twitter.com/Jt6mumQHfb
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 20, 2024
Can XRP replace SWIFT?
Several cryptocurrency enthusiasts have compared XRP to SWIFT in recent years. In particular, the famous crypto asset manager Grayscale characterized XRP as an alternative to SWIFT. Notably, some users have taken this comparison further by projecting that XRP could eventually replace SWIFT because of its inefficiencies, including slow transaction processing.
The potential replacement of XRP with an established system like SWIFT would require more than just community support. Factors such as the final resolution of the SEC lawsuit, increased institutional adoption of XRP, and large-scale commercial partnerships leveraging Ripple’s payment solution could play a critical role in XRP’s potential replacement or integration with SWIFT.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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