Analysis Crypto by Thebittimes.Com

This article evaluates the potential and market performance of the best crypto to buy now to make informed investment decisions. This article explores altcoins attracting investor attention due to their potential for significant growth. These tokens show promise for notable movement, presenting an opportunity for investors seeking to capitalize on the current market. They offer potential value that appeals to investors seeking high-growth opportunities for their portfolios. Best Crypto to Buy Right Now Cronos is currently valued at $0.133, marking an intraday increase of 3.76%. Similarly, the 99BTC presale has attracted considerable attention, raising over $946,691.64 from investors. Additionally, Avalanche recently integrated with Stripe to enhance the convenience of purchasing AVAX and other tokens. In the global crypto news, The cryptocurrency market saw a general decline recently, with Bitcoin staying around the $63,000 level despite the anticipation surrounding the launch of...

Not long after blockchain company Ripple announced that it would launch its own stablecoin, pitting it against the likes of Tether (USDT) and Circle, the issuer of USD Coin (USDC), the Tether team made a snarky comment suggesting its competitor had been unsuccessful in its stablecoin endeavors so far. As it happens, Ripple CEO Brad Garlinghouse earlier told CNBC that his company decided to introduce the stablecoin in response to the ‘depegging’ of rival firms’ assets and that the competition was no deterrent, to which a Tether spokesperson replied that: “We wish Ripple’s team would have more success with their new stablecoin than they had so far.” Picks for you Opportunity? Will the 'Banana Zone' ignite a major altcoin bull run? 23 mins ago 2 cryptocurrencies to reach $50 billion market cap in May 34 mins ago Boom or bust? Experts reveal Bitcoin price that will determine its fate 43 mins ago Top 10 cryptocurrencies by development activity headi...

Ripple ’s case with the SEC is now inching towards its cathartic conclusion, with Ripple contesting the SEC’s $2 billion penalty intent. The legal war that has been going on for more than two years now has played a crucial role in keeping the price of XRP shackled as compared to other crypto tokens. While other crypto tokens surpassed XRP in terms of price pace and movement, XRP was dubbed a victim of skepticism. Due to unprecedented interventions in the case, the price of XRP suffered gravely, dipping to new lows. But now that the SEC- Ripple war is nearing its end, with Ripple emerging victorious on most parts, the development may soon catapult XRP’s price to new highs, reversing the years-long slow price momentum.  Also Read: XRP Weekend Price Prediction: What’s In Store For Ripple?  Uncertainty Plays Out As XRP Drops To $0.50 Source – StormGain Uncertainty around the case development is now weighing on XRP, which has dropped 2% in t...

zkSNACKs restricts Wasabi Wallet access for U.S. citizens and residents. Decision follows arrests of Samourai Wallet and Tornado Cash founders. Move aims to mitigate legal risks amidst regulatory scrutiny. In response to recent legal actions and regulatory scrutiny, zkSNACKs, the developer behind the privacy-focused Wasabi Wallet, has decided to restrict access to its services for United States users . This move comes amidst growing concerns within the cryptocurrency community following the arrests of individuals associated with other privacy-enhancing wallet services, such as Samourai Wallet and Tornado Cash. Arrests of the founders of Samourai Wallet The decision to block access for U.S. citizens and residents was announced in a blog update by zkSNACKs, citing recent developments involving other privacy-focused wallet services. Specifically, the arrests of the founders of Samourai Wallet on charges of money laundering, as well as the arrest of Torna...

The sentiment in the crypto market swings between optimism and bearish sentiment as the price of assets continues on a downward trend. Bitcoin price takes a further nose dive as it trades below the $64k level. On the other hand, the top trending cryptocurrencies on DEXTools are showing impressive performance, with some assets posting double-digit gains today.  One downside of the widespread bearish sentiment in the crypto market is that promising assets quickly lose their luster. Investors have seen the value of several tokens go up in smoke since the anticipated Bitcoin halving pump failed to materialize.  Top Trending Crypto Coins on DEXTools However, the presale trend has emerged to restore the hopes of investors. Several presale projects that were recently launched have raised hundreds of thousands within a short time. Today’s update includes an overview of the Slothana presale. This project raised millions of dollars in presale and is currently on track to make i...

Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may already be in. He made this conclusion based on his “exponential decay” thesis, which he noted may actually be good for the Bitcoin ecosystem . Why Bitcoin’s Price Has Topped Brandt explained that historical data suggests that Bitcoin’s price has topped. He further alluded to an “exponential decay,” which he noted could be used to describe Bitcoin. Brandt’s exponential decay thesis is based on the fact that Bitcoin’s percentage gain has significantly reduced in every subsequent bull cycle.  Related Reading: Ethereum Withdrawals From Exchanges Top 260,000 ETH – What This Means For Price For context, Bitcoin , according to the crypto expert, recorded a 122x increase from its market low to market high between 2015 and 2017. However, that was only 21.3% of Bitcoin’s price gain in the previous cycle (between 2011 and 2013). ...

Dogecoin [DOGE] has evolved into a significant contender within the market despite its humorous beginnings. The committed community, celebrity endorsements, and growing acceptance have bolstered DOGE’s position. At press time, the asset was trading at $0.1501 with a 0.61% daily surge. Coinbase Speculation Dogecoin ’s potential listing on Coinbase has been garnering steam. The conjecture gained traction following the detection of sizable transfers totaling nearly 557 million DOGE. This was valued at around $68.7 million. This was reported by Whale Alert. This has caught the eye of investors due to the the significance of these transfers. Wallets like “DFBx6” and “DCTpB” have remained dormant since June 2021. The sudden activity from the wallets coincides with Coinbase’s initial listing of DOGE during last year’s bullish market. 228,105,810 #DOGE (34,341,747 USD) transferred from unknown wallet to #Coinbasehttps://t.co/G8TGqtW5Ws ...

It has emerged that BNY Mellon, the largest custodian bank globally, is among the latest entities to gather exposure to Bitcoin (BTC) through a spot exchange-traded fund (ETF). In a Securities Exchange Commission (SEC) filing, the institution revealed its exposure to ETFs from BlackRock (NYSE: BLK), the world’s largest investment firm, and Grayscale. The bank’s foray into the Bitcoin ETF market potentially signifies the increasing interest in this product. Notably, the United States approved Bitcoin ETFs, with 11 products gaining the nod to start trading. This move partly contributed to Bitcoin’s resurgence, reaching an all-time high of over $73,000 in March. Picks for you ‘Epic Sat’: Bitcoin halving’s rare BTC unit sells for $2.1 million 11 mins ago Ripple dumps the remaining 100 million XRP of April’s sell-off 2 hours ago Bitcoin set for most aggressive price movement, targets $300k 2 hours ago Is a market turnaround near? Whale scoops u...

As the artificial intelligence (AI) sector continues to gain momentum, cryptocurrency investors are eagerly seeking opportunities to capitalize on the potential gains. With Nvidia’s revenue report set to be released on May 22, and a series of other significant AI -related events on the horizon, the stage is set for a potential rally in AI -focused cryptocurrencies. In this article, we will explore the top three AI cryptocurrencies to consider for potential gains: Render (RNDR), Fetch.ai (FET), and Filecoin (FIL). Also read: Solana Hold Steady Above $155: Can SOL Hit New ATH In May? Render (RNDR)  Render, a decentralized GPU rendering platform, has been making waves in the AI cryptocurrency space. Despite experiencing an 8.32% decline in the past 24 hours, with a current trading price of $8.42, RNDR has shown significant potential for growth. The coin’s 24-hour low and high stand at $8.28 and $9.34, respectively. Although RNDR is currently trading 38.39% ...

In what is a massive sale for the project, CryptoPunk #635 has been sold for 4,000 ETH worth more than $12 million. Indeed, the uniquely generated non-fungible token has been yet another from the well-known NFT line to be sold for a remarkable sum. Earlier this year, the Cryptopunk project saw multiple NFTs sell for more than $16 million worth of Ethereum. Specifically, in March, two weeks separated the two sales of Punk #3100 and Punk #7084. Now, Punk #635 is the latest CryptoPunk NFT to go for the impressive sum. JUST IN: Crypto Punk #635 has been sold for 4,000 $ETH ($12,405,000). pic.twitter.com/aBTyEQ4MVE — Watcher.Guru (@WatcherGuru) April 25, 2024 Also Read: User pays $4.5M to purchase a CryptoPunk NFT CryptoPunk NFT Sells for 4,000 ETH Within the digital asset sector, NFTs have become a unique aspect of the industry. Although they have not seen the kind of surge in popularity of cryptocurrencies, they have still remained an important part of the secto...

The recent Bitcoin halving event, which cut the block reward for miners in half on April 20, 2024, has sparked a wave of optimism in the cryptocurrency market. While a brief dip in a key futures metric hinted at potential short-term bearishness, overall market indicators suggest a bullish trend taking hold. Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished Analysts at Kaiko, a market data provider specializing in crypto derivatives and futures, reported a shift in Bitcoin’s funding rate leading up to the halving. The funding rate is a fee paid between long and short position holders in futures contracts. A negative rate signifies that short positions are compensating long positions, potentially indicating a bearish outlook. Notably, Bitcoin’s funding rate dipped into negative territory for the first time this year on April 18th, just two days before the halving. ...