altcoins
Pepe (PEPE) price hit a new all-time high today, with upside momentum driving interest in other memecoins. As traders bank on more gains for PEPE amid the rising optimism around spot Ethereum ETF approval, a look at the broader market suggests Bonk, Floki and Dogwifhat among others could be poised for a massive rally. Here’s the price prediction for Pepe as well as a look at the potential post-presale performance of the new memecoin project KangaMoon (KANG). Pepe price hits new all-time highMemecoins continue to establish themselves as a mainstay of the crypto industry, gaining traction amid g...
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Avalanche (AVAX), a cryptocurrency platform that rivals smart contract network Ethereum, extended its gains on Tuesday. AVAX has rallied nearly 25% in the past week, technical indicators show that the token could continue climbing higher. The project announced the launch of a new Layer 1 chain targeted at game developers. Avalanche could extend gains this weekThe Ethereum competitor is exchanging hands at $40.49 on Binance. Avalanche rallied over 38% from the April 13 low of $29.24 to $40.49. Starting May 15, AVAX price has formed higher highs and higher lows. A daily candlestick close above t...
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AEVO price jumped nearly 10% on Tuesday as the project received a major boost from Binance Labs. AEVO is the native token of decentralized derivatives exchange platform Aevo. It could ride the Layer 2 rally around ETH spot ETF speculation and today’s news to target a break above the $1 level. Binance Labs invests in AevoOn Tuesday, Binance Labs announced it invested in Aevo, an options and perpetual contracts-focused L2 platform built on top of the OP Stack. While it did not disclose details of the investment, the venture capital arm of Binance noted that it targets further growth for the L2 b...
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Sui price has witnessed a significant price recovery in the past week, following the launch of its Mysticeti upgrade on the mainnet. The Mysticeti upgrade provides a breakthrough in consensus latency and transaction speeds and it has positioned Sui as one of the fastest blockchains, driving market confidence and user adoption. Sui Network Mysticeti upgradeThe official deployment of the Mysticeti upgrade on Sui Network mainnet follows the successful implementation of the upgrade on the testnet. Mysticeti significantly reduces consensus latency to an industry-leading 390 milliseconds, an 80% imp...
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The price of Sei (SEI) has surged by 9.41% in the past 24 hours to trade above $0.57 as the Sei v2 upgrade proposal gains remarkable traction within the crypto community. The upgrade proposal by the Sei Foundation aims at enhancing Sei’s blockchain with improved Ethereum compatibility and performance. With the proposal now live and voting ongoing, stakeholders eagerly await the outcome of the governance approval process. Unanimous support for Sei v2 upgrade proposalAs the voting continues, the Sei v2 governance proposal, which outlines plans for the integration of a parallelized Ethereum Virtu...
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Ethereum (ETH) has surged to new heights on the back of rumours suggesting that the U.S. Securities and Exchange Commission (SEC) may be reconsidering its stance on approving a spot Ethereum exchange-traded fund (ETF). At press time ETH was trading above $3,500 after a 15% surge. This surge in ETH price, coupled with heightened market activity, underscores the cryptocurrency community’s growing optimism and confidence in Ethereum’s future prospects. SEC considering spot Ethereum ETF approvalOne of the primary drivers behind today’s sudden Ethereum price rise is the speculation surrounding the ...
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Despite starting the day on a decline, Pyth Network (PYTH) has regained and is currently trading 20% higher over the past 24 hours. Today’s price swing was influenced by a major token unlock and the release of a new LISUSD/USD price feed. Pyth Network (PYTH) token unlockIn the morning, PYTH price experienced a significant price dump due to a voluminous token unlock event. The token dropped to a low of $0.3552 before resurging. Data from tokenunlocks.app shows that the Pyth Network unlocked $935.52 million worth of tokens (2.13 billion PYTH tokens) on 19 May at 2:00 PM UTC as part of a cliff un...
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Ethereum related tokens are expected to extend their gains this week as anticipation of a Spot Ether ETF brews among market participants in the US. Bitcoin Spot ETF approval ushered an injection of large volumes of institutional capital into the asset, pushing BTC to its new all-time high in 2024. ETH holders expect a similar response if the US SEC approves a Spot Ethereum ETF. Layer 2 tokens Polygon (MATIC), Immutable (IMX), Mantle (MANTLE), Stacks (STX) and Optimism (OP) have posted gains in the past 24 hours. MATIC price could make or break Layer 2 rallyThe largest Ethereum scaling token is...
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A large-scale investor has attracted the attention of crypto players with massive investments in memecoin Dogwifhat (WIF). The whale has strategically accumulated over 200K WIF coins, worth over $600K at a $2.6 average price. The transaction intrigued many players due to the massive amount involved and timing. Further, WIF was among the altcoins that exploded in the latest broad market rallies, a move that saw it attracting listing on Robinhood and Binance. The wallet completed the series of purchases when WIF traded around the $2.60 mark – offering a lucrative entry after the token’s sharp di...
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In a significant effort to combat fraudulent activities in decentralized finance (DeFi), LayerZero Labs has flagged 803,093 addresses as potential sybils. The targets “airdrop farming,” where users create multiple fake accounts to unfairly benefit from token distributions. LayerZero’s sybil self-reporting successThe flagging of the 800k addresses took place after LayerZero announced the conclusion of its sybil self-reporting phase on May 18. During the self-reporting phase, which began on May 3, users were allowed to self-report sybil addresses in exchange for 15% of their planned token airdro...
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