crypto
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 Floki Inu (FLOKI) surged by 10% in the past 24 hours, reaching $0.0002226 10.9% at 5:05 pm GMT. This surge occurred on the back of a nearly 90% increase in trading volume. The sudden rise in price is attributed to growing speculation that meme coins with utility will dominate the current market cycle, with FLOKI positioned as a leading contender. Utility drives demandThe utility of the FLOKI token lies primarily within the Floki ecosystem. Token holders can engage in various features such as staking, yield farming, and an NFT marketplace. This functionality has drawn interest from...
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In a rapidly evolving regulatory landscape, Kraken, a prominent US-based cryptocurrency exchange, has firmly stated that it has no plans to delist Tether (USDT) from its European platforms. This announcement comes in response to Bloomberg reports that Kraken was “actively reviewing” supporting Tether’s USDT stablecoin on its European platform because of the regulatory scrutiny surrounding the use of stablecoins in the European Union (EU). Kraken clarifies on Tether (USDT) delisting rumoursMark Greenberg, Kraken’s Global Head of Asset Growth and Management Business, has made it clear that Krake...
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GameStop’s recent share price gains have nearly evaporated, and an unofficial GameStop tribute coin on the Solana blockchain, known as the GME token, has experienced a similar downfall. According to CoinGecko, the GME token has plummeted to $0.0067, marking a 69% drop from its all-time high earlier this week. This stark decline follows a period of flat trading since its January launch, with a brief surge in early February. Dramatic fluctuations in trading volumeTrading volume for the GME token has also significantly decreased. Over the past 24 hours, the volume dropped to approximately $65 mil...
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Analysts have predicted that the lackluster performance of the spot Bitcoin ETFs market could mean limited upside action for Bitcoin prices in the coming weeks and months. This projection has significant implications for newly-launched projects like Notcoin, raising questions about its potential for growth and whether alternative investments like Kangamoon could offer better opportunities. Notcoin dumps after airdropNotcoin (NOT), the native token of a tap-to-earn game project, aimed to onboard millions of users to Web3. The project gained massive hype ahead of its trading debut this week, fue...
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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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Financial markets are broadly expected to do well this year – be it cryptocurrencies or equities. And that makes up for a good enough reason to be engaged with a trading bot. Why are experts bullish on financial markets for 2024?Reasons why experts are bullish on financial markets are plenty. These include the launch of bitcoin exchange-traded funds for the crypto market and solid earnings for the stock market. Still, making money out of the financial markets is never as straightforward is it may sound. Therefore, taping on a reliable trading bot to help you make better decisions as a trader o...
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