Explaining why XRP’s price fell below $0.60 despite RippleX’s update

XRP failed to react to the development despite its fundamental deflationary impact. Demand for the token decreased but the liquidations levels suggested a price increase.  RippleX, the open development platform associated with Ripple (XRP), declared that an update called ‘fixAMMOverflowOffer’ has been implemented. This change allows the Automated Market Maker (AMM) to operate effectively on … Read more

From Dogecoin to WIF to SHIB: How are your memecoins doing today?

The memecoin sector ends up giving the most amount of returns compared to other cryptos. Social volume around DOGE, SHIB and WIF grew, however, sentiment continued to decline. Major financial institutions joining the crypto world via ETFs has significantly boosted investor trust in the sector. While Bitcoin and Ethereum have garnered much attention for potential … Read more

Winklevoss twins become co-owners of Bitcoin soccer club, inject $4.5M BTC

The Winklevoss twins, Cameron and Tyler, have become co-owners of Real Bedford Football Club (RBFC) following their investment of approximately 4.5 million dollars in Bitcoin (BTC). This investment was made to strengthen RBFC’s financial resources and support its objectives. In the year 2021, McCormack gained ownership of Bedford’s football team, a town with approximately 200,000 … Read more

Litecoin ‘beats’ Bitcoin – Here’s what it means for its $100 price target

LTC’s share of the global payments was 39% in March, followed by Bitcoin at 25%. LTC’s growth stagnated in the last month, causing a decline in its Open Interest. In March, Litecoin (LTC) emerged as the favored digital currency for transactions, surpassing Bitcoin [BTC] and other significant assets. Litecoin extends winning streak According to BitPay, … Read more

Ethereum rises 7%: Can whales push ETH’s price to $4K now?

ETH was up by nearly 7% in the last seven days. Whales have increased their accumulation over the past week. Last week saw a surge in Ethereum‘s [ETH] value, pushing it well above the $3,500 threshold. This uptrend appears promising, with major investors reportedly accumulating larger stashes of ETH, which could potentially lead to further … Read more