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Showing posts with the label market

Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line?

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Ripple: Peter Brandt Reveals Year-End Forecast for XRP

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Ripple’s XRP has been under the spotlight for several months now. The altcoin’s sudden jump above the $1 mark has been monumental. After being sidelined for years, the asset emerged as one of the top performers. The cryptocurrency, with its 300% gain throughout the past year, managed to make the most out of the change in the US government. While the community expected XRP to record a new high, investors were happy to see it move close to its peak. But XRP holders are yearning to see a new peak by the end of 2025. The real question is whether the asset can turn these dreams into reality. Also Read: How High Can Ripple (XRP) Rise If It’s Adopted For Global Use? Ripple’s XRP Continues To Linger Around $2 Source: Coinfomania Similar to the rest of the market, the price of XRP began picking up in the new week. The asset, at the time of writing, was trading at $2.12. This comes after a 2.86% increase over the past 24 hours. Just earlier today, the altcoin was trading at a lo...

Dogecoin (DOGE) Forecasted To Hit $1.2, Here's When

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The cryptocurrency industry consists of a wide range of investors. From retail to institutional investors, the market benefits from them all. But whales certainly stand out due to the magnitude of their investments. They also fill the market with confidence or even panic due to their actions. The Dogecoin (DOGE) market recently got a boost of confidence following the latest activity of these large investors. Also Read: Major Economy Rejects De-Dollarization, Embraces the US Dollar Diving Into Dogecoin’s Current Market Source: Watcher Guru Dogecoin was seen slowly leaving the bears behind and embracing recovery. Over the past 24 hours, the OG meme coin recorded a rise of 1.12%. At the time of writing, DOGE was trading at $0.1679. Source: CoinMarketCap Despite its notable gain throughout the last few months of 2024, DOGE was seen struggling. The asset ended 2024 at a high of $0.4672 but it dipped to a low of $0.1453 earlier this month. Throughout the past 30 days alone, the meme coi...

BRICS: India Dumps Billions of US Dollars

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BRICS member India has once again been accused of dumping US dollars to protect its local currency, the rupee (INR). The INR had plummeted to a lifetime low of 87.60 against the USD on Monday in the forex markets. The steep fall sent jitters in the markets making the Reserve Bank of India (RBI) intervene in the forex sector. India has been accused of intervention in the currency markets to keep the rupee from falling further. Also Read: After Pausing BRICS, Saudi Arabia Invests $600 Billion in the US RBI directed state-run banks to sell US dollars in the forex markets to stop the rupee’s decline, reported Reuters. This is not the first time that BRICS member India has been accused of dumping US dollars. Last year alone, India was accused of market intervention more than four times to keep the rupee from falling. The trend has continued in 2025 raising questions about transparency in trade. Also Read: India Officially Rejects BRICS Currency, Calls It ‘Impossible’ BRICS: India Accu...

Nvidia's $600B Stock Crash: How DeepSeek's AI Breakthrough Shook the Market

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The Nvidia stock crash hit Wall Street hard as the DeepSeek’s AI breakthrough sparked a 17% drop in the chipmaker’s value. Multiple tech stocks plunged while several market experts warned about shifting industry dynamics. Source: Reuters Also Read: Ripple: AI Predicts XRP’s Price For February 1st 2025 Understanding DeepSeek’s AI Impact On Nvidia Stock, Crypto, And Market Volatility Source: Watcher Guru DeepSeek’s Open-Source Revolution Source: VisualCapitalist The Nvidia stock crash spearheaded significant market turbulence as trading commenced. Through various major price movements, shares plummeted from $142 to $124 across multiple critical trading intervals. Numerous industry analysts leveraged their expertise to pinpoint a transformative catalyst – DeepSeek’s pioneering open-source AI model revolutionized market dynamics by surpassing ChatGPT’s App Store performance across several key metrics. Source: Reuters Brian Jacobsen, chief economist ...

Ethereum Faces Critical Test: Will $3,000 Hold or Break?

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The Ethereum (ETH) network has been on the edge. Several assets over the past couple of months were seen recording new peaks, but ETH was still struggling to reclaim its current all-time high. Amidst this, the Ethereum Foundation continued to sell more tokens. As the community watched the drama unravel in the network, the largest altcoin was slipping down to $3,000. Also Read: OpenAI Faces Major Copyright Battle: Adani (NDTV) & Ambani (Network18) Join Lawsuit Ethereum’s Balancing Act Source: GameSpace According to recent data from CoinMarketCap, ETH had taken a huge hit over the past 24 hours. During the time of writing, the second largest cryptocurrency was trading at $3,113 with a 6% daily drop. Earlier today, Ethereum was priced at a high of $3,343.15 before plummeting to a low of $3,024.09. Source: CoinMarketCap The last drop caused chaos in the market. The total number of long liquidations over the last 24 hours surged to a high of $110.25 million. In addition, $11.27 short p...

Shiba Inu: You'll Grow Old Waiting for SHIB To Reach $0.01

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The 1 Cent dream is alive and kicking, as most investors want Shiba Inu to breach the milestone. The token boasts 1.4 million holders worldwide, and new investors jump on the bandwagon yearly. SHIB remains one of the most popular cryptocurrencies in the market, as it’s available for purchase at less than a cent. The affordability is making investors enter the token as it’s a low-hanging fruit that’s up for grabs. Also Read: Bullish Prediction Puts Dogecoin’s Price at $1.48 SHIB deleted six ‘zeroes’ between 2020 and 2021 by rising 45,000,000% (45 million percent) annually. However, its price is now stuck with four zeroes, and it cannot delete one in the last three years. Its price point has remained unchanged and cannot breach its all-time high of $0.00008616. It reached the ATH in October 2021 and spiked 1,000% in the same month, becoming the top-performing cryptocurrency of the year. Also Read: What Could a $100 Investment in XRP Today Be Worth by 2030? Sh...