Posts

Showing posts with the label market capitalization

XRP Overtakes BlackRock Market Cap

Image
According to companiesmarketcap.com, XRP is now the 100th largest asset in the world, with a market cap of $178.41 billion. XRP has overtaken BlackRock, the world’s largest asset manager, which has a market cap of $177.80 billion. The move is a significant milestone for the popular cryptocurrency. Source: companiesmarketcap.com Will XRP Climb To a New Peak After Overtaking BlackRock’s Market Cap? Source: Coin Edition While XRP’s market cap has hit a new milestone, the asset’s price has faced a sharp correction over the last few days. XRP climbed to a new all-time high of $3.65 on July 18. Since its peak, the asset’s price has fallen by 18.5%. XRP is also trading in the red zone in nearly all time frames. According to CoinGeck’s XRP data, the popular cryptocurrency is down 2.1% in the daily charts, 0.9% in the weekly charts, 9% in the 14-day charts, and 5.6% over the previous month. Despite the price dip, XRP has rallied by 389.2% since August 2024. So...

The fine print on the crypto ‘reserves’ of New Hampshire and Arizona

A cursory read of headlines this week has led some crypto investors to cheer the historic creation of digital asset reserve funds by two states. Governors of New Hampshire and Arizona have signed bills that created what seemed to be the first two digital asset reserves in US state history. However, a closer review of those reserves reveals a substantial difference between their actual text and social media posts about them. Consider Arizona’s newly signed law authorizing the creation of a “bitcoin (BTC) and digital assets reserve fund.” Although a fund is, indeed, now authorized by law, Arizona will not be making any crypto purchases. Instead, the state may only add seized assets from civil and criminal legal proceedings to its so-called Bitcoin Reserve Fund. According to Arizona’s newly-revised Section 44-302 statute, the state now defines certain types of property, like checks, annuities, certificates of deposit, and digital assets, as “ presumed abandoned ”...

Michael Saylor suggests selling kidneys as bitcoin dips below $80K

Image
With crypto markets down $1 trillion since Donald Trump’s inauguration, investors are becoming increasingly desperate to raise capital to buy at 25% off last month’s prices. In a controversial, late-night tweet, Strategy founder Michael Saylor even suggested selling a kidney to hold onto bitcoin (BTC). Sell a kidney if you must, but keep the Bitcoin. — Michael Saylor️ (@saylor) February 28, 2025 His 11pm tweet with BTC’s price below $80,000 was even more contentious than his March 2021 advice to “ go mortgage your house and buy bitcoin with it ” that earned him months of derision. BTC went on to trade below his advisory prices for years and wouldn’t settle into a higher average price range until February 2024. Saylor’s tweet, with BTC price below $80,000 was even more contentious than his advice to “go mortgage your house and buy bitcoin with it.” Read more: Michael Saylor’s bitcoin announcements no longer seem to pump MSTR stock Sa...

Will Wall Street Pepe Become A Top 20 Meme Coin? ChatGPT Predicts It Can After $73M Presale

Image
Wall Street Pepe ($WEPE) could rapidly become a top 20 meme coin after its launch on Monday—and potentially bulldoze its way into the top 10, ChatGPT said. As WEPE prepares to launch on Uniswap on Monday at 2 p.m. UTC, it has gained huge attention for its bold aim of ending whale domination in the meme coin market. “Wall Street Pepe isn’t just another meme coin,’’ said the ChatGPT AI chatbot. ‘’It comes with a unique value proposition. $WEPE’s mission to reduce whale manipulation and empower retail investors could resonate deeply with the broader crypto community.’’ Breaking news: Wepe is inevitable. 🐸⚔️ pic.twitter.com/hzHkzBSxcd — Wall Street Pepe (@WEPEToken) February 15, 2025 Wall Street Pepe coin is the standout presale of the year after raising more than $73 million in a fraction more than two months, selling out six days early because of huge demand. It’s branded as a movement mor...

Trading expert sets ultimate target for the crypto market this cycle

Image
The total cryptocurrency market capitalization shows significant strength, breaking above previous cycle highs and consolidating gains after a deep correction.  This recovery has renewed optimism among investors and traders, with a prominent trading expert projecting the total market cap could reach an ambitious $10 trillion in this cycle. Crypto market recovery gains traction Long-term crypto investor Jelle highlights the market’s ability to recover after retesting lower levels as a critical sign of strength.  Picks for you Gold quietly hits a record high amid DeepSeek volatility 2 hours ago This pattern signals a 'short-term momentum shift' for Dogecoin  2 hours ago ...

Cryptocurrency Market Carnage: XRP And Dogecoin Plunge, Meme Coins Plummet 12%, Liquidations Hit 3-Year High

Image
The cryptocurrency market plunged as the meme coin sector dropped 12%, XRP and Dogecoin nosedived and crypto liquidations hit a three-year high. The market capitalization of all cryptos tumbled 4% to around $3.47 trillion as of 1:57 a.m. EST as XRP and Dogecoin led losses among the top 10 cryptos with drops of  9.9% and 8.2%, respectively, as of 3:10 a.m. EST. POPCAT, IOTA And WIF Suffer Most As Crypto Liquidations Spike In Cryptocurrency Market Carnage Solana meme coins were among the biggest losers in the last 24 hours. Feline-themed token Popcat (POPCAT) suffered the biggest loss after its price plunged over 21%.  Dogwifhat (WIF) also made the top 3 losers list following a 17% drop in value. Meanwhile, Internet of Things project IOTA posted the second biggest loss of more than 18%. The recent drop in crypto prices also led to over $1.5 billion in longs being liquidated, which is the highest liquidation of bullish trades since 2021. CoinGlass data shows that altcoin f...

Department Of Government Efficiency Price Prediction: As DOGE Plunges 15%, This Cat-Themed Token Soars 123% In A Week

Image
The Department of Government Efficiency price plunged 15% in the last 24 hours to trade at $0.2095 as of 06:25 a.m. EST on trading volume that surged 37% to $17.4 million, according to CoinGecko. Department Of Government Efficiency Price Gearing Up Towards A Bullish Trend Reversal The Department of Government Efficiency price, towards mid-November, jumped to its all-time high (ATH) price at around $0.61019. However, the bulls could not sustain the rally, which pushed the price of Department of Government Efficiency to go through a correction. The bears have managed to push DOGE price down to trade within the confines of the falling wedge pattern. However, the trendlines seem to be merging, which may suggest that there may be a breakout in the coming days. Meanwhile, as a result of the price falling from the upper boundary of the wedge, DOGE now trades below the 50-day Simple Moving Average (SMA). The Relative Strength index also supports the bearish trend in the recent days, as i...

CZ’s release was supposed to launch Uptober — instead, we lost $200B

Image
Fans of Binance cheered on September 27 when founder Changpeng Zhao (CZ) walked free from US Bureau of Prisons custody. One of crypto’s wealthiest entrepreneurs had seemingly emerged victorious – fines paid, prison sentence served, and according to Forbes, billions of dollars richer.  However, a health check of the market indicates that CZ was better for crypto prices while he was in prison. Whether by luck or cause, CZ’s departure from his Lompoc II prison and California halfway house has been bad news for crypto investors. Indeed, Binance’s own estimate of the market capitalization of all crypto assets has declined by $200 billion since CZ was freed last week. Binance’s own exchange token has fared even worse, declining 9% since his departure date . Binance’s exchange token BNB has declined 9% since CZ’s release. CZ pleaded guilty to permitting money laundering on Binance, paid a $50 million fine, and received a four-month prison sentence. Many people were expecting h...

Analyst Jamie Coutts Says Fourth Quarter Could ‘Get Wild’ for Crypto, Updates Outlook on Solana Rival Sui

Image
Real Vision analyst Jamie Coutts believes that the crypto market could finish out the year with strong rallies. Coutts says that the TOTAL3 chart on the weekly timeframe appears to be breaking out of a descending trend line and printing a bull reversal pattern. The TOTAL3 chart tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. “Zoom out on the weekly log chart: Total market cap excluding BTC and ETH, aka ‘Alts,’ are breaking out. Total market cap excluding BTC and ETH/Total market cap is basing. Crypto Q4 could get wild.” Source: Jamie Coutts/X Looking at his chart, the analyst suggests that TOTAL3 is breaking out from a rounding bottom pattern. The technical formation is often viewed as a bullish reversal pattern as it indicates that investors have accumulated the asset without allowing the price to move lower. Next up, Coutts says there are reasons to be long-term bullis...

The Kamala Horris Price Soars 16% As Polymarket Election Odds Flip In Favor Of The Vice President And Trump Agrees To September Debate

Image
The Kamala Horris price surged over 16% to trade at $0.01439 as of 9:10 a.m. EST as Polymarket Election odds flip in favor of the US Vice President and Republican rival Donald Trump agrees to a September debate. Kamala Harris just took the lead. pic.twitter.com/ULNFB8dvNg — Polymarket (@Polymarket) August 9, 2024   Bets in favor of Kamala Harris winning the 2024 Election soared to 49% to overtake Trump bets by 1%, according to an Aug. 9 X post by Polymarket.  Trump And Harris Agree To Televised Debate Former US President Trump and Harris will face off for the first time in a televised debate on Sep. 10, according to ABC News. Harris seems up for the challenge, and told reporters in Michigan on Thursday that she is “looking forward to debating Donald Trump.” More than 51 million people tuned in to watch the first presidential debate between current US President Joe Biden and Trump in June. However, Biden’s somewhat lackluster performance at th...