Cryptocurrency

Surge in Dogecoin Activity

Tuesday. August 20 at 3:30 PM

1 min. read

Dogecoin (DOGE), the popular dog-themed cryptocurrency, has seen a significant uptick in activity in the last 24 hours. CoinMarketCap data shows a 35% rise in trading volume during this period. Additionally, IntoTheBlock data reveals a surge in daily active addresses, reaching 55,440, the highest in a 30-day span. This increase in on-chain activity is accompanied by a rise in new addresses on the DOGE blockchain. Despite a slight dip from the peak, the overall trend remains positive, with an 11.41% increase in new addresses and a 6.22% rise in total active addresses compared to last week. The growing interest and participation in the Dogecoin network could potentially lead to a price increase. While trading volume has increased, a net flow of $14.5 million worth of DOGE from exchanges to private wallets suggests a bullish sentiment among some traders. However, the price of DOGE currently stands at $0.1002, down 1.93% in the past 24 hours, indicating a mix of buying pressure and minor selloffs.

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Potential Cryptocurrency Surge with Trump's Second Term

Thursday. December 26 at 3:00 PM

The cryptocurrency market could experience a surge with Donald Trump's return for a second term. Under Republican leadership, there is a trend towards a business-friendly approach and deregulation, which may lead to increased adoption of digital assets. Tokens like Rexas Finance (RXS), Bonk, TRON, Dogecoin, and Hedera are expected to benefit from this shift. Rexas Finance aims to tokenize real-world assets like real estate and precious metals, offering utility in a Trump-led administration. With a total token supply of 1 billion, RXS rewards early investors and ensures stability in price. The project's Certik audit enhances investor confidence. As RXS enters its 10th presale stage, it has raised over $30 million, showing strong market interest. Other tokens like Bonk, TRON, Dogecoin, and Hedera also present growth opportunities in a potential Trump-driven rally. Rexas Finance's giveaway program and user-friendly purchase process make it an attractive investment option.

Cryptocurrency

Security Breach at Animoca Brands: Fake Token Promotion

Thursday. December 26 at 10:00 AM

Animoca Brands’ co-founder and executive chairman, Yat Siu, fell victim to a hack on his X account promoting a fake token called ANIMOCA. The official X account of Animoca Brands confirmed the incident and warned investors to avoid Yat Siu’s account. The hacker managed to compromise Yat Siu’s account and falsely announced a token launch by Animoca Brands. The price of the fake token skyrocketed by 500% in just five minutes before plummeting when the post was deleted. Yat Siu addressed the breach through a secondary account, revealing that the hacker bypassed 2FA security. Animoca Brands clarified that there was no official token launch and urged caution. This incident adds to a string of similar hacks in the cryptocurrency space, highlighting the ongoing issue of access control vulnerabilities.

Cryptocurrency

Market Analysis: Slow Day for Crypto Market with Bitget Token (BGB) Setting New All-Time High

Thursday. December 26 at 7:00 AM

Today, the crypto market, including the total market cap (TOTAL) and Bitcoin, is experiencing a relatively stagnant day with minimal movement in the last 24 hours. Despite this, Bitget Token (BGB) has managed to continue its upward trend and reach a new all-time high. The total crypto market cap has seen a slight decrease of 0.31% to $3.35 trillion, indicating market stability as investors monitor for potential changes. Maintaining support above $3.28 trillion is crucial for market recovery, while surpassing $3.49 trillion could signal a bullish momentum shift. Bitcoin is currently priced at $98,964, aiming to break the $100,000 resistance level. Failure to do so may result in consolidation below this level. BGB has surged 30% to reach $6.37, showcasing strong investor confidence and potential for further growth if market conditions remain favorable.

Cryptocurrency

Shiba Inu Price Analysis: Potential Upside Amidst Market Volatility

Thursday. December 26 at 4:00 AM

Shiba Inu (SHIB) price has experienced a 10% drop in the last week, making it the second-largest meme coin after Dogecoin. Despite this decline, SHIB's Relative Strength Index (RSI) has been steadily increasing, indicating a positive shift in market sentiment and buying momentum. Whale activity has stabilized, hinting at a temporary pause in accumulation and distribution, which could result in price consolidation. With SHIB trading within a specific range, breaking a key resistance level could lead to a 29.5% increase. The RSI currently stands at 52.6, showing a significant rise from 41, suggesting improved market conditions in the short term. The number of addresses holding 1 billion SHIB has increased, signaling confidence from major investors. However, if the support level at $0.00002259 is breached, SHIB may face further downside pressure.

Cryptocurrency