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The BNB Smart Chain (BSC) experienced a mixed performance in the second quarter (Q2) of the year as the broader cryptocurrency market cooled off after a strong price surge in March. While BNB, the native token of the BSC, remained mostly flat, down 5% quarter-over-quarter (QoQ), the network’s key metrics showed both positive and negative trends. Binance Smart Chain Revenue Plunges According to a recent report by market intelligence platform Messari, the chain’s revenue, which measures the total fees collected by the network, fell 28% QoQ to $48.1 million during Q2, although it was only down 8% year-over-year from $52.4 million in Q2 2023.  According to the report, this decline was largely driven by the decrease in BNB’s price, as revenue in the network’s native token terms declined 51% sequentially from 165,100 BNB to 81,300 BNB. ...

XRP Ledger (XRP) has experienced a bullish run recently, striving to sustain gains above the critical $0.60 mark.  Adding to the speculation, the United States Securities and Exchange Commission (SEC) has scheduled a closed-door Sunshine Act meeting for August 1, fueling discussions about potential regulatory changes that could boost XRP’s performance. Based on its recent trajectory, crypto analyst Ali Martinez has suggested that the token’s technical indicators point to a bullish trajectory toward the $1 level. Picks for you $400 million Bitcoin trader signals price optimism with massive BTC buy 19 mins ago Analyst sets Bitcoin’s path to $95,000 48 mins ago ...

Ripple’s XRP was certainly standing out among the rest of the market. The altcoin was seen surging by 3% while most of its counterparts were drowning in the Red Sea. At press time, XRP was trading at $0.6217 following a 4% surge over the past seven days. This rise began instilling hope into the Ripple market as analysts sprung up fast to suggest that a portfolio with about 1,000 XRP could increase to $100,000. Source The CEO of Alpha Lions Academy, Edo Farina rolled out an optimistic Analysis for XRP investors. He highlighted how a mere investment of 1,000 XRP which is around $600 could bring life-changing wealth into the lives of investors. Farina highlighted that the $600 investment will increase to $3,840 if the asset breaks through its all-time high of $3.84. As a result, an investor’s return on investment is over six times higher. According to CoinMarketCap, the altcoin is currently over 83% below its all-time high. The asset managed to attain this level about seven years ag...

The Turbo price has surged 4% in the last 24 hours to trade at $0.005803 as of 7:20 a.m. EST on a 3% drop in trading volume to $75 million. Turbo Price Analysis: Can The Bulls Break Above The Bearish Channel? Turbo has been on a downtrend after a sharp spike that initially led to profits for the bulls. This ended when the price hit the $0.009928 resistance level, allowing the bears to take control and push the price lower.  The price has bottomed out within a bearish pennant, with the bulls showing signs of a rebound around the $0.003229 support zone. This move has limited further gains for the bears. The big question is whether the bulls can complete their rebound and regain momentum to push the price above the bearish channel. TURBOUSDT Analysis (Source: Tradingview) Despite the slight dip from the channel’s upper trendline, the Turbo price shows signs of accumulation within the channel, indicating that bullish investors are gearing up to push the price to...

XRP price is struggling to clear the $0.6120 resistance zone. The price must stay above the $0.5940 support to attempt another increase in the near term. XRP price is consolidating near the $0.600 support zone. The price is now trading below $0.6120 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $0.5945 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.6120 resistance zone. XRP Price Consolidates Above Key Support XRP price made a couple of attempts to gain strength above $0.6120 and $0.6150. However, the bulls failed to gain strength for a close above $0.6150. There was a bearish reaction, and the price retested the $0.5950 support. A low is formed at $0.5957 and the price is now consolidating, like Ethereum. There is also a major bullish trend line forming with support at $0.5945 on the hourly chart of the XRP/USD pair. The pair i...

VeChain (VET) seems to be following the larger market rebound, rallying 3.1% in the last 24 hours and 5.7% over the previous month. The asset continues to glow red in the weekly and 14-day charts, dipping 4.5% and 8.4%, respectively. Also Read: VeChain : $1000 Monthly Since 2020 Grows By Almost 100% The recent resurgence could be due to Bitcoin (BTC) reclaiming the $69,000 level and inching closer to $70,000. BTC’s rally is likely fuelled by Donald Trump’s recent speech at the 2024 Bitcoin conference. Many have speculated that Trump could set up a Bitcoin Reserve Policy if he is elected into office. The chances of Trump reclaiming the Oval Office have also increased after the assassination attempt on his life. How high can VeChain go in August 2024? Source – CoinCentral According to the researchers at CoinCodex, VET will experience a price dip at the beginning of August, falling to $0.026 on Aug. 5, 2024. The platform anticipates VET’s price to climb to around $...

The Bitcoin price surged 3% in the last 24 hours to trade at $69,305 as of 00:32 p.m. EST on trading volume that dropped 40% to $21 billion. This comes as the University of Wyoming prepares to make significant strides in cryptocurrency research with the launch of the Bitcoin Research Institute (BRI). Scheduled to open next month, the institute aims to provide high-quality, peer-reviewed studies on Bitcoin, which will position the BRI as a crucial resource for both academic and public understanding of the technology. ANNOUNCEMENT: The University of Wyoming has established the UW Bitcoin Research Institute. https://t.co/qDuYZGmnxo The BRI aims to produce high-quality peer-reviewed publications about bitcoin from all academic disciplines. First act: hiring @resistancemoney! 1/ — ₿radley Rettler (@rettlerb) July 28, 2024 Bradley Rettler, a Bitcoin activist and Associate Professor at the University of Wyoming, will serve as the institute’s director. According to...

The crypto analytics firm Santiment outlined potentially bullish altcoins as digital asset markets ticked upwards on Friday. Santiment analyzes assets by their market value-to-realized-value (MVRV) Z-score, which aims to measure whether they are undervalued or overvalued. An asset tagged with a low MVRV Z-score is seen as undervalued while those with a high MVRV Z-score are viewed as overvalued. Meanwhile, realized value records the price of each asset when it last moved and aims to gauge how many holders are in profit or at a loss. Explains Santiment, “If you believe markets are about to surge, history says that buying into assets that traders have experienced the most pain in have a greater probability of netting high returns for you.” Santiment notes that high-pain assets with low MVRV Z-scores include the decentralized exchange (DEX) Uniswap (UNI), the memecoin Shiba Inu (SHIB), the blockchain scaling solution Polygon (MATIC), the decentralized ...

The US is currently encountering one of the most dramatic electoral campaigns in its history. With Trump’s assassination attempt and Biden withdrawing his candidacy, the US is currently in the midst of a massive transformation. With the presidential campaigns in full swing, the candidates have presented different opinions on how they would like to protect the integrity of their currency, the weak US dollar. Trump and his confidante, JD Vance, believe a frail dollar could bolster US exports, which in turn could help stabilize the dollar. But this view has gained notoriety among the masses. Let’s explore why Trump’s plan to derail the US dollar first before amping it up might weaken the dollar even more. Also Read: ASEAN: Indonesia Amps Its De-Dollarization Force To Derail US Dollar Trump Wants a Weaker Dollar: Will This Strategy Truly Work? Source: NBC News Per a recent report by Financial Times, If elected as the president of the US, Trump’s idea of weakening the dollar to b...

The cryptocurrency industry has been on a roller coaster ride. The Bitcoin [BTC]-led market was recovering after a major dip. Bitcoin, at press time, was trading at $66,995 following a 4.30% surge over the last 24 hours. Currently, the asset is trading 9% below its all-time high of $73,750. But how long will the king coin remain below the $70,000 zone? VanEck believes that the cryptocurrency could be seeing a notable uptrend. Prominent asset manager VanEck has been making headlines lately for its spot Bitcoin and Ether ETFs. More recently, VanEck suggested that it could reach a high of $2.9 million by the year 2050. But the firm notes that this could be possible when Bitcoin turns out to be a vital part of the international monetary system over the next couple of years. This comes in the face of geopolitical issues that do not seem to simmer down. Matthew Sigel, head of digital asset research at VanEck, added, “As we look at the world right now, we see enormous economic imbalanc...

Marathon Digital Holdings , one of the largest Bitcoin miners globally, has made headlines by purchasing $100 million worth of Bitcoin (BTC). This move brings their BTC holdings to over 20,000, accounting for nearly 0.1% of the total Bitcoin supply. This acquisition is part of Marathon’s renewed commitment to a “full HODL” strategy, indicating their intention to hold onto all mined Bitcoin without selling. Today Marathon is proud to announce that to strengthen our strategy of holding #Bitcoin as our strategic treasury reserve asset, we have over the past month purchased $100 million in BTC, and will now go full HODL @saylor pic.twitter.com/Go8wHYfuY9 — Fred Thiel (@fgthiel) July 25, 2024 Embracing a Full HODL Strategy Fred Thiel , Chairman and CEO of Marathon Digital , announced the strategic shift on X (formerly Twitter), emphasising the company’s confidence in Bitcoin’s long-term value. “Adopting a full HODL strategy r...

Cryptocurrency payments and utility are again getting the spotlight as cryptocurrencies get mainstream attention with Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) and growing political relevance in the U.S. presidential elections. According to CoinGate‘s crypto payments report published on July 25, three cryptocurrencies gained prominence in 2024 Q2. Notably, Solana (SOL) has seen “immediate popularity” since integration, while Litecoin (LTC) and Shiba Inu (SHIB) have experienced remarkable growth. Nevertheless, Tether USD stablecoin (USDT) continues to lead payment preferences, primarily on the Tron (TRX) network. Bitcoin is the second-most-used cryptocurrency on CoinGate, with significant growth for payments using the Lightning Network. Picks for you Buy these crypto coins for a Brat summer ...