Why Ripple is launching a dollar-backed stablecoin

What is Ripple’s stablecoin project? The as-yet-unnamed stablecoin developed by Ripple intends to function as a digital representation of the US dollar. In early 2024, Ripple, a prominent name in the blockchain and cross-border payment sector, revealed its entry into the stablecoin industry. This move has the potential to significantly affect Ripple’s growth and shape … Read more

WIF rises 13% and FLOKI is up 8%: Are memecoins back?

WIF and Floki witness a massive surge in price after facing multiple corrections. Popularity of both FLOKI and WIF declined despite price uptick. In the past few days, the memecoin market experienced significant setbacks with several well-known memecoins losing over 20% of their value. At present, however, there are signs of improvement as investors seem … Read more

OKX launches WIF and MEW spot trading amid memecoin craze

OKX cryptocurrency exchange intends to take advantage of the current memecoin trend by adding popular Solana-backed memcoins, such as Dogwifhat (WIF) and Cat in a Dog’s World (MEW), to its platform. Starting today, OKX has initiated spot trading for WIF and MEW. As stated in their recent declaration, users of OKX are now able to … Read more

Solana whales buy BOME amid market crash: A sign of recovery?

BOME was up by over 5% in the last 24 hours. Technical indicators looked bearish on the memecoin. Last week’s stock market downturn sparked fear and pessimism among investors as most cryptocurrencies experienced significant losses. Amidst the chaos, some larger investors, or “whales,” took advantage of the situation by purchasing more of certain cryptocurrencies at … Read more