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Dogecoin , a cryptocurrency with origins in internet meme culture, has captured significant attention and sparked the creation of various other animal-themed coins within the crypto market. Originally intended as a lighthearted joke, these meme coins have surprisingly gained widespread popularity in recent periods. Early adopters and investors in Dogecoin experienced substantial profits, with some achieving significant financial gains. However, the current situation for DOGE is less favorable. Also read:  Dogecoin Army Buzzing with Anticipation After Elon Musk’s Tweet The latest data from IntoTheBlock reveals that DOGE is eyeing a breach of the $0.1 price. The In/Out of the Money” (IOM) indicator plays a major role in identifying the average purchase cost of any cryptocurrency. This will help in determining two things. In one situation, if the current cost is more than the average cost, the address is considered to be “In the Money.” In the other insta...

XRP shows potential for price surges after a legal battle, depending on Bitcoin and Ethereum stabilization. STX attracts attention with a potential rebound from a crucial support level. VET on the verge of breakout, with its trajectory tied to Bitcoin’s performance, according to CryptoBusy. While Bitcoin and Ethereum have maintained their positions as leading cryptocurrencies, these three altcoins– XRP, Stacks (STX), and Vechain (VET)– are showing signs of potentially explosive growth, according to the YouTube channel CryptoBusy. Let’s explore the recent developments and analyze their price trends to understand their prospects in the crypto market better. After enduring a prolonged legal battle, XRP, the digital asset associated with Ripple, is showing signs of gaining momentum once again. Although some had anticipated an immediate price surge following the lawsuit’s resolution, it appears that XRP’s path to recovery lies in a gradual a...

Also Read: XRP Copycat Jumps 520%, Innovative Project or a Red Flag? advertisement XRP Token Holders, Not Investors Recently, US SEC chair Gary Gensler evaded a question on the Ripple lawsuit ruling citing the agency takes a collective decision with all the other commissioners. Interestingly, he repeated his warning to ‘investors’ about the Crypto Market , to which American businessman Mark Cuban took objection. He said, “(Gary Gensler) is in the habit of exclusively calling token holders investors. He knows that is incorrect, but it serves his purpose.” John Deaton: The Howey Factors Reacting to Gensler’s comment on the question of the SEC going for appeal, John Deaton , the attorney representing token holders in the lawsuit, said the judge will have a cushion of the first two Howey tests satisfying the ruling that the programmatic sale of XRP tokens to retail traders is not a securities transaction. Re...

Binance Regulatory and Banking Partner Challenges in Europe Germany’s financial regulator BaFin recommended Binance to withdraw its license application in the country. The regulator has concerns about CEO CZ and the crypto exchange’s complicated structure, reported the Wall Street Journal on July 29. advertisement According to people familiar with the decision, Binance CEO CZ wouldn’t pass a “fit and proper” test. Furthermore, the organizational structure of Binance impeded the effectiveness of regulatory oversight, making supervision difficult for regulators. Binance has withdrawn license applications in the Netherlands, Austria, Germany, and Cyprus. The crypto exchange faces scrutiny from France, Belgium, the UK regulators, even losing its European banking partner PaySafe. After losing USD and AUD support, some believe Binance is being cut off from the European banking system. The challenges for Binance CEO CZ continue to rise a...

TerraClassic platform’s native coin, LUNC, is predicted to rally by nearly 400%. Javon Marks expects LUNC to break out of its current sideways channel and move higher. Analysts observed a growth in investors’ confidence in TerraClassic’s developments. The TerraClassic platform’s native coin, LUNC, is predicted to rally by nearly 400% by prominent crypto analysts such as Javon Marks. Marks expects LUNC to break out of its current sideways channel and move higher, supported by significant momentum. $LUNC (#TerraClassic) – Price breakout is holding, meaning an OVER 387% RUN can still be on the way and with the MASSIVE INCREASES in MOMENTUM currently being displayed, prices can push QUICKLY and perhaps faster than many may be able to comprehend… https://t.co/iPMsC8okom pic.twitter.com/FJeOjWCLFr — JAVON️MARKS (@JavonTM1) July 27, 2023 Marks predicts that following the breakout, LUNC’s price could shoot to higher levels. Accordin...

After a strong consolidation stint above and around $30,000, Bitcoin lost its psychological range. We analyzed a clear direction for Bitcoin after its Bollinger Band widens, and as expected, corrections are in place. At press time, recovery is extremely limp as the FOMC interest rates hike did little to move the needle. However, in this article, our objective will remain to zoom out and take an optimistic perspective. Also Read: Why Bitcoin Failed as Inflation but Not as Debasement Hedge Bitcoin: Where it all started in November 2022 While the subheading sounds dramatic, the reference is in context to the beginning of the current bull run. On Nov. 21, 2022, Bitcoin dropped to a low of $15476. “ BTC to $12000 ” speculations started to flood in but the asset managed to turn the tides. A strong recovery above $20,000 by January 2023 exuded confidence, and since then, it has been steady progress. Unsurprisingly, Bitcoin’s bullish breakout in 2023 also fa...

Bitcoin, the first and largest cryptocurrency, has dominated the digital finance space for more than a decade. Its decentralized nature, robust security, and the potential to provide financial freedom have attracted millions of users worldwide. However, despite its revolutionary status,  Bitcoin continues to evolve, thanks to the groundbreaking work of developers around the globe. This article explores five major technological innovations that are pushing Bitcoin to new heights: the Lightning Network, the Liquid Network, Rootstock, Stacks, and Bitcoin Ordinals. Each of these developments solves unique challenges, driving the utility and scalability of Bitcoin to the next level. 1. The Lightning Network The Lightning Network is an innovative protocol built on the Bitcoin blockchain. It was created to address Bitcoin’s scalability issues and the limitations of its transaction speed. The network achieves this by facilitating off-chain transactions that s...

Also Read: Buy Gold? Veteran Trader Calls To Buy Gold As Bitcoin Remains Under Pressure advertisement Speaking about the potential chances for the memecoin with the rebranding opportunity, popular crypto influencer Scott Melker mentioned Musk’s background as payments company PayPal’s cofounder. He wondered if X is all about payments as the everything app is all going to be about finances. Coinbase Research Head David Duong About Dogecoin Payments On X David Duong, the head of research at Coinbase, spoke in a Twitter spaces about the new developments at Twitter. He said the world of finance naturally connects everything because users have to pay for stuff. It makes sense if and when Dogecoin (DOGE) is the unit of account that allows payments on the platform and subsequently there could be a jump in Dogecoin price. However, he warned that it is a different question if Musk will implement the memecoin for payments on the X platform. He added th...

VeChain has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event, which has garnered attention from the Web3 community. Throughout 2023, the VeChain team has been consistently providing updates on their ongoing developments and has multiple projects in progress. Furthermore, on March 6, 2023, they released a new whitepaper, unveiling the VET 3.0 protocol. Also read: Ripple Price Prediction (XRP): July-End 2023 In their most recent announcement, the team shared details about their web3-as-a-service platform, the VORJ. Additionally, they have expressed their intention to explore the AI industry and leverage OpenAI to implement human-readable decoded contracts. VeChain is trading at $0.01851 at press time, according to CoinMarketCap. Considering these criteria, here is our Price Prediction for VeChain for July-End 2023. Source: The Metal Blog VET Price Prediction for July-End 2023 Cryptocu...

Join Our Telegram channel to stay up to date on breaking news coverage Billionaire entrepreneur Elon Musk has rebranded Twitter to ‘X,’ causing a significant DOGE price rally. DOGE, a popular meme coin supported by Musk, saw a surge in value following the social media platform’s identity change. The homepage’s iconic blue bird logo has been replaced with a new X logo. pic.twitter.com/IwcbqMnQtA — Elon Musk (@elonmusk) July 23, 2023 Elon Musk announced Twitter’s updated identity on the platform, revealing the website’s new URL, X.com, now directed users to Twitter.com. https://t.co/bOUOek5Cvy now points to https://t.co/AYBszklpkE. Interim X logo goes live later today. — Elon Musk (@elonmusk) July 23, 2023 The ‘DOGE Army’ sees this as a sign of Elon Musk’s progress with his vision for Twitter, fueling speculation that he might integrate cryptocurrencies like Dogecoin as payment options on the platform. ...

Bitcoin is at the pivotal 50-day SMA support and a drop below this level could result in accelerated selling in BTC and altcoins. Bitcoin (BTC) plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions. Although the near term looks bearish, long-term investors remain unfazed and they continue to hold on to their positions. Glassnode data shows that Bitcoin’s Long-Term Holder Supply made a new high of 14.52 million Bitcoin, “equivalent to 75% of the circulating supply.” Daily cryptocurrency market performance. Source: Coin360 While the cryptocurrency markets have turned soft in the near term, the United States equities markets remain on a strong footing. The Dow Jones Industrial Average has risen for ten straight days, its longest streak since 2017. However, things could change this week with a slew of key ea...