As BRICS leaders prepare to meet, they are reportedly discussing the creation of a new currency to reduce reliance on the US dollar and mitigate the risk of sanctions. Digital Currency in Focus The agenda includes exploring the feasibility of a digital currency to facilitate global trade and settlement while minimizing the threat of sanctions….
Global investment firm Franklin Templeton believes Solana (SOL) is set to become the third most important cryptocurrency, after Bitcoin and Ethereum. Strong Growth in Network Activity Solana’s network has seen a surge in fees and decentralized exchange (DEX) volumes over the past year. Franklin Templeton expects this growth to continue as Solana’s network effects strengthen…
Largest Wealth Transfer in History Ernst & Young (EY), a major accounting firm, reports that the largest wealth transfer in human history is underway, with trillions of dollars in assets being passed down this year. Baby Boomers Handing Down Fortunes EY estimates that baby boomers will transfer up to $3 trillion in assets to their…
Grayscale’s Bitcoin Trust (GBTC) has finally seen some positive inflows after a long streak of outflows. Inflows Break the Outflow Streak GBTC’s Spot Bitcoin ETF broke its 82-day outflow streak on May 3rd. It recorded inflows of over $60 million, a significant shift from the $17.46 billion in outflows it had seen since its launch….
Shiba Inu is now available for purchase on PayPal in the United States through MoonPay. This opens up new possibilities for adoption and could potentially increase the price of the cryptocurrency. PayPal Partners with MoonPay PayPal has partnered with MoonPay, a crypto payment platform, to allow US users to buy and sell cryptocurrencies. This includes…
Dogecoin Increased Investor Interest: New and active Dogecoin addresses have jumped by over 74% in the past week. Network Growth: The number of non-empty Dogecoin wallets has increased by 27% in the past six months. Positive Sentiment: Dogecoin’s open interest funding rate is positive, indicating bullish sentiment. Accumulation Zone: Dogecoin has entered a major accumulation…
A renowned crypto strategist, Altcoin Sherpa, has shared his insights on two popular altcoins. Ondo Finance (ONDO) Despite the recent market correction, Sherpa remains optimistic about Ondo Finance (ONDO). He believes the project’s focus on tokenizing real-world assets gives it a strong advantage. “ONDO has held up the best and is still the leader in…
Crypto analyst Ali Martinez believes that Cardano (ADA), a rival to Ethereum (ETH), is poised for a significant surge. Cardano’s Bullish Pattern Martinez points to historical patterns in ADA’s price action, noting that after a 50% correction in 2020, it embarked on a vertical rally. A similar pattern may be unfolding now, with ADA recently…
Arthur Hayes, co-founder of BitMEX, believes that cryptocurrencies are poised for a gradual upward trend. US Monetary Policy Boost Hayes attributes this to the “stealth money printing policies” of the US Treasury and Federal Reserve. He says that the gradual injection of liquidity into the economy will support crypto prices. Buying Opportunities Hayes sees the…
Quant analyst PlanB believes Bitcoin (BTC) could reach six figures before the end of 2024. Miner Revenue Recovery According to PlanB, Bitcoin’s price is likely to double to recover the revenue losses miners experienced due to the April halving. “The only way for mining revenue to recover is the price doubles,” he said. “So estimating…
