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Showing posts with the label volume

XRP skyrockets as market cap jumps $13 billion in a day

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XRP has been making waves in the cryptocurrency market, experiencing a dramatic $13 billion inflow in just 24 hours. The surge has increased its market capitalization from $124.57 billion to $137.83 billion, propelling the token back into the ranks of the top three cryptocurrencies by market cap, based on data retrieved by Finbold from CoinMarketCap on January 2.  XRP 1-day market cap. Source: CoinMarketCap After hitting lows of $2.01 on December 31, the cryptocurrency climbed to an intraday high of $2.44 during Thursday’s trading session. If XRP closes today in positive territory, it will mark the third consecutive day of gains, signaling a strong recovery and potential for continued bullish movement. Picks for you Ripple prepares for its first XRP dump of 2025 with 300 million reserved in January 31 mins...

Is It Too Late To Buy SUN? Sun Token Price Surges 43% And This Might Be The Next Crypto To Explode

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The Sun Token price has soared 43% in the last 24 hours to trade at $0.01766 as of 11:18 p.m. EST on trading volume that skyrocketed 305% to $443 million. Sun Token Price On A Massive Rally The SUN/USD on the 4-hour timeframe shows that the Sun Token price is currently on a strong bullish trend. The price has recently experienced a significant breakout, as evidenced by a sharp upward movement with increasing volume, forming a parabolic curve. According to data from GeckoTerminal , the price of Sun Token capitalized on the $0.022 support to push the price on the sustained uptrend. This surge has pushed the Sun Token price well above the 50-day and 200-day Simple Moving Averages (SMAs), suggesting strong momentum. Meanwhile, the Relative Strength Index (RSI) is at 74.15, entering the overbought zone. This suggests the current rally is under intense pressure, but seems to be dropping due to overextended buying pressure. The Moving Average Convergence Divergence (MACD) also supports...

Ripple: When Will $2000 Worth of XRP Turn to $1 Million?

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The Ripple ecosystem has dealt with increased drama over the past few years. From the infamous legal battle to the abrupt delisting of XRP, the network has been the talk of the town. Despite this, the members of the XRP community have been waiting to witness a potential spike in the altcoin. Also Read: Urgent: USD Collapse, Jack Mallers & Elon Musk Warn of U.S. Bankruptcy! XRP’s Recent Performance And Future Potential The altcoin has seen immense volatility over the past few weeks. Unlike the rest of the market, XRP recorded a nearly 6% dip in its price. The past week was rather slow, as the asset slid by 11%. At press time, the altcoin was trading at $0.524 following a 1% daily rise. It should be noted that Ripple’s XRP saw a 40% decline in daily volume. Source How High Should The Coin Surge For A $2000 Investment To Grow to $1 Million? An investor can purchase 3808 tokens for $2000 at the asset’s current pricing. Each of these tokens must increase in value to around $262 t...

EUR stablecoins volume hit all-time high as E.U. crypto regulation tightens

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Euro (EUR) stablecoins are gaining popularity in cryptocurrency exchanges and among crypto traders in Europe and worldwide. This rise could challenge the U.S. dollar (USD) stablecoin dominance in the cryptocurrency market, fueled by the European Union’s tighter regulations. The combined weekly volume of Euro-backed stablecoins has consistently exceeded $40 million since March, marking the longest period on record. Data is from a Kaiko Smart Data Research report published on June 10. Notably, the report suggests that demand for these stablecoins is finally picking up in European markets, despite Europe traditionally lagging behind the United States. and Asian-Pacific (APAC) in crypto trading. Average Daily Volume of EUR trading pairs. Source: Kaiko MiCa and a crypto regulatory tightening in Europe The impending regulation in Europe, known as the Markets in Crypto Assets (MiCA), is set to shake up the stablecoin market. ...

Porsche NFT trading volume nears $5M despite launch woes, minting halt

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Developers of the nonfungible tokens had halted minting on Jan. 25 in response to user complaints. German luxury car manufacturer Porsche's nonfungible token (NFT) collection reached 2,839 Ether (ETH) ($4.5 million) in total sales volume , according to data from NFTScan at the time of writing on Jan. 26. The collection had a floor price of 2.74 ETH and a high price of 9.18 ETH, with over 1,705 total sales.  Originally meant to have a total supply of 7,500 NFTs, Porsche abruptly halted the minting process on Jan. 25 after some users complained of high minting prices and lack of utility for NFT holders. The supply has since been reduced to 2,363. The NFTs originally had a minting price of 0.911 ETH — referencing the namesake “911” NFT collection — but many users complained that they wanted the price reduced to 0.0911 ETH instead. A Porsche 911 NFT. Source: Porsche After community feedback, Porsche announced that it would expand holder benefits to behind-the-scenes access to the ...