[ad_1] Popular meme coin PEPE has recently come under the spotlight due to significant whale activity that has left many investors concerned about its future. Large holders of PEPE tokens have been selling their holdings at a loss, leading to increased market uncertainty. A recent report notes the meme coin’s price movements are strongly influenced by its presence in the social sector. However, over the last week, social activity surrounding PEPE has taken a notable downturn, with social engagements falling by 28% and social mentions decreasing by 18%. Whale Exodus: Massive PEPE Transfers Raise Eyebrows Lookonchain, a blockchain analysis platform,…
Author: Christian Encila
[ad_1] The Worldcoin cryptocurrency project, led by Sam Altman, the brains behind ChatGPT, is facing increased scrutiny from regulators worldwide. The project’s use of eye-ball scanning orbs for user enrollment has raised concerns about potential violations of data protection laws. The unique method of collecting biometric data without clear consent has prompted discussions on legality and ethics. Regulatory bodies are closely examining the project’s compliance with privacy regulations, highlighting the challenges of balancing innovation with legal and ethical standards. The value of biometric investments made through Worldcoin’s crypto-based “free money” promise has decreased by half since its launch. This decline…
[ad_1] XRP, the cryptocurrency known for its ties to Ripple, has recently faced a bout of volatility in the market. The coin’s value, currently hovering around $0.517 according to CoinGecko, experienced a 1.0% decline in the past 24 hours alone. Over the span of a week, XRP witnessed a significant 17.4% slump, reflecting the ongoing volatility that has come to characterize the cryptocurrency market. Despite its potential, XRP’s journey to break through the 200 Exponential Moving Average (EMA), a significant technical indicator, has hit a roadblock, casting doubts on its short-term performance. Understanding XRP’s 200 EMA And Its Impact The…
[ad_1] The price action of Shiba Inu (SHIB) has encountered a significant compression, primarily attributed to substantial selling originating from a prominent institutional market participant. Data obtained from Lookonchain, a renowned on-chain analytics resource, has shed light on the ongoing selling spree by Voyager, a troubled asset manager currently navigating bankruptcy proceedings. This selling binge over the past four days has amounted to an astonishing 1.4 trillion SHIB tokens, equivalent to approximately $14.4 million. The cryptocurrency landscape has witnessed a noteworthy development as Voyager, amidst its financial restructuring, embarked on an extensive liquidation of SHIB tokens. Voyager’s Unloading Spree And…
[ad_1] The dynamic and ever-evolving blockchain community has shown a great deal of interest in and enthusiasm for Toncoin (TON). Due to its technological underpinnings and innovative answers to the long-standing problems that have plagued the field of decentralized finance, this digital money has risen to popularity very quickly. At the time of writing, TON was trading at $1.46, registering an impressive 10.4% increase in the last 24 hours. Equally impressive is the crypto’s price rally in the last week, when it registered a 22% climb, data from crypto market tracker Coingecko shows. TON price action today. Source: Coingecko Just…
[ad_1] Terra Luna has seen the successful approval of community proposals 11658 and 11660, authorizing the retrieval and subsequent incineration of a total of 800 million USTC. The prevailing sentiment within the community leans towards directing these USTC tokens towards the burn address as opposed to reintegrating them into the community pool. Conversely, a noteworthy shift has been detected in LUNC’s staking ratio within the past day, where a previous upward trajectory has now given way to a decline. This alteration in the staking ratio commonly signifies reduced assurance among stakers regarding a specific asset. Here’s what’s going on within…
[ad_1] XRP is currently undergoing a notable price correction, with a 24-hour decline of 2.2% and a seven-day slump of 12.1%, bringing its price to $0.61 according to CoinGecko. However, amidst this downturn, prominent crypto YouTuber and XRP analyst, Alex Cobb, has set an ambitious price target of $10 for the digital asset, employing the Elliott Wave Theory to analyze its monthly price chart. Source: Coingecko Understanding Elliott Wave Theory Elliott Wave Theory is a technical analysis approach that seeks to predict price movements in financial markets by identifying recurring patterns in market sentiment. It is named after its creator,…
[ad_1] XRP has developed significantly since the recent court ruling in the high-profile case between Ripple and the US Securities Exchange Commission. The court declared that XRP is not a security, leading to a significant rally in its value. However, XRP has not made significant progress toward the coveted $1 mark since the initial gains, leaving investors and market observers wondering about its future trajectory. The characteristics of the larger cryptocurrency market have also hampered XRP’s development. XRP’s price swings have been impacted by the erratic nature of the cryptocurrency market and the ebb and flow of investor emotion, forcing…
[ad_1] Polygon has recently witnessed a remarkable surge in its non-fungible tokens (NFTs) sales volume and the influx of sellers participating in this burgeoning market. This growth in the NFT sector has sparked considerable interest and speculation among investors, prompting many to ponder the potential impact it may have on the price of MATIC, the native cryptocurrency of the Polygon network. However, despite the impressive surge in NFT sales volume and seller participation, a closer examination reveals that not everything works in Polygon’s favor. While the NFT market on the platform may be flourishing, other factors could impact the overall sentiment and…
[ad_1] Crypto scams have experienced a significant decline of 77% in the first half of 2023, plummeting from a staggering $3.3 billion to $1.1 billion, as shown in a recent report from blockchain intelligence firm, Chainalysis. This encouraging trend marks the second consecutive year of decreasing scam revenue, reflecting positive developments in the cryptocurrency landscape. However, in the face of this decline, Chainalysis also highlighted a concerning rise in ransomware revenues, which have reached $449 million year-to-date and could potentially surge to a staggering $939 million by year’s end. These findings shed light on the evolving nature of crypto-related crimes…