Lưu trữ cho từ khóa: Meme coin

Altcoin

Altcoin season hopes rise as Bitcoin price forms a bullish pattern

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Crypto traders are bracing for the next altcoin season as Bitcoin forms an extremely bullish pattern on the weekly chart. 

Bitcoin (BTC), the largest cryptocurrency by market cap, has formed a cup and handle chart pattern. This pattern is characterized by a rounded bottom forming the cup and either a consolidation or a pullback to form the handle. The upper part of this pattern was at $68,837, while the handle section has been forming since March this year.

Importantly, it has formed a falling broadening wedge pattern in its handle section. It has also found a strong support level at the 50-week moving average, where it failed to move below in July.

Bitcoin price | chart by TradingView

A good example of the cup and handle pattern in action happened in gold. On the monthly chart, it formed the cup section between September 2011 and July 2020. It then formed the handle section and made a bullish breakout to a record high of $2,485 this month.

Bitcoin and gold have some relationship. In a recent statement, Larry Fink, the founder, and CEO of Blackrock, said that he views Bitcoin as a digital gold that will do well because of the rising geopolitical issues and soaring US public debt.

Gold price | chart by TradingView

Additionally, Bitcoin has some solid fundamentals. Demand is rising as institutional investors buy through ETFs, while the Federal Reserve is expected to start cutting interest rates as soon as in September. Supply has been hampered by April’s halving event.

Fed rate cuts are positive for Bitcoin and other altcoins because they lead to a risk-on sentiment among investors. In this case, some of the $6 trillion invested in money market funds will likely rotate to riskier assets like stocks and cryptocurrencies.

Analysts are also bullish on Bitcoin. Michael Saylor, the biggest Bitcoin buyer, expects that the coin will rise to $13 million in his base case and to $49 million in his most optimistic case. In a recent note, Ki Young Ju, the founder of CryptoQuant, noted that the bull cycle may continue into 2025.

Bitcoin to stir another altcoin season

A strong Bitcoin bullish breakout will likely stir another altcoin season. Historically, altcoins, including meme coins, do well when Bitcoin is rising. 

For example, an altcoin like Solana (SOL) rose to a multi-year high of $210 in March when Bitcoin soared to its record high. Similarly, Cardano (ADA) reached $0.81 while Polygon (MATIC) jumped to $1.2887.

Recent performance shows that meme coins outperform their bigger peers when there is an altcoin season. Meme coins like Pepe (PEPE), Dogwifhat (WIF), and Popcat have done better than bigger coins this year.

Many traders love these meme coins because of their low prices vs. Bitcoin. In this case, it is always cheaper to buy a token like Book of Meme (BOME) that was trading at $0.011 instead of Bitcoin that trades at $66,000. Meme coins are also highly volatile and have a lot of volume.

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DeFi

BRETT surges 12% to become top gaining meme coin

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Brett, the largest meme coin on the Base Blockchain, surged by over 12% on Monday as positive sentiment spread through the crypto and stock markets.

At the time of writing, Brett (BRETT) was still up 11.7%, trading at $0.1395, according to data from crypto.news. Over the same period, the meme coin, inspired by a character from the “Boy’s Club” comic, had a daily trading volume of $50.7 million.

BRETT 24-hour price chart | Source: crypto.news

BRETT has now become the 71st largest cryptocurrency, with its market cap exceeding $1.38 trillion. Despite this rise, BRETT remains down 27.8% from its all-time high of $0.1939.

The surge in BRETT follows an increase in Bitcoin (BTC), the largest crypto asset by market cap, which rose by 3.1% over the past day to $69,471 on Monday. This came after Republican candidate Donald Trump revealed plans to make Bitcoin a national strategic asset if elected in November.

Bitcoin’s 24-hour lows and highs were recorded at $67,320 and $69,842, respectively.

The meme coin sector also saw minor gains, rising nearly 3.4% in the past 24 hours, with its market cap reaching $55.5 billion.

Bitcoin’s performance often influences the broader cryptocurrency market, including meme coins. When Bitcoin performs well, it typically boosts investor confidence and interest in altcoins, creating a positive feedback loop that drives up prices.

Brett’s rally was also supported by the continued success of the Base blockchain ecosystem. Launched in 2023 by Coinbase, Base has accumulated over $1.727 billion in defi assets, making it the 6th largest chain in the industry, surpassing popular networks like Cardano (ADA), Avalanche (AVAX), and Polygon (MATIC).

Additionally, Brett and other altcoins benefited from a rebound in the US stock market, indicating a risk-on sentiment among investors. The Dow Jones index rose by over 650 points, while the S&P 500 and Nasdaq 100 gained over 55 and 175 basis points, respectively.

In the past 24 hours, Brett has shown a notable upward trend, as reflected in its price chart. The price climbed steadily from around $0.123 to approximately $0.140, indicating a strong bullish movement.

From a technical perspective, Brett has formed a morning star pattern, a well-known reversal signal. Historically, the token has seen double-digit gains when this pattern appears. For instance, on July 12, the formation of this pattern led to a 40% increase in the token’s price.

However, there is a possibility that this rebound could be a dead cat bounce, where an asset experiences a brief rise before resuming its bearish trend.

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Theo Crypto News

Phân tích

Brett token price rises 12%; analyst sees another 30% upside

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Brett, the biggest meme coin in the Base Blockchain, rose by over 12% on Friday as sentiment in the crypto and stock industries improved.

Brett (BRETT) token rose to $0.133, up 31% from its lowest swing this month. Some traders believe that the meme coin has more upside going forward.

Analyst is bullish on Brett

In an X post, Michael van de Poppe, a trader with over 721,000 followers, noted that he was optimistic that the token would rise to $0.1712, a 30% increase from Friday’s trading level.

If he is correct, Brett’s market cap will pass Floki (FLOKI), which has a market cap of $1.7 billion. 

Brett’s rebound happened as the Bitcoin 2024 conference kicked off today. In a statement at the event, Robert Kennedy, an independent presidential candidate, noted that he was a big supporter of Bitcoin (BTC).

The event’s main headliner will be Donald Trump, who is leading in most polls, including in Polymarket. Trump is expected to reiterate his support for cryptocurrencies. Analysts are torn about whether he will announce a Bitcoin reserve at this event. 

Base Blockchain is doing well

Brett token also rallied as the Base blockchain ecosystems continued doing well. Launched in 2023 by Coinbase, Base has accumulated over $1.6 billion in DeFi assets, making it the 6th biggest chain in the industry. It has passed popular networks like Cardano (ADA), Avalanche (AVAX), and Polygon (MATIC).

At the same time, Brett and other altcoins jumped as the US stock market rebounded, signaling that investors have embraced a risk-on sentiment. The Dow Jones index rose by over 600 points, while the S&P 500 and Nasdaq 100 jumped by over 80 basis points. 

Brett price chart | Source: TradingView

Technically, Brett has formed a morning star pattern, which is a popular reversal sign. In the past, the token rose by double-digits when it formed this pattern. For example, it formed on July 12 and then rose by 40%. 

On the flip side, this rebound could be a dead cat bounce, where an asset rises briefly and then resumes the bearish trend.

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Theo Crypto News

Phân tích

Popcat price rebounds as one X user cites the utility of meme coins

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Popcat price rose for the second consecutive day as the sentiment in the crypto industry improved.

The Popcat (POPCAT) token rose to an intraday high of $0.90, up by 20% from its lowest point this week. It is one of the best-performing cryptocurrencies in the market this year as it jumped by over 32,000% from its lowest point in January.

Bitcoin and altcoin rally

Popcat’s rebound happened as Bitcoin (BTC) and other altcoins rose and as the fear and greed index moved to 60. Ethereum (ETH) was up by 2% while tokens like SATS, Aave, Monero (XMR), and Bittensor soared by over 10%. 

The other reason for the rebound is that traders are buying the dip after the Popcat token moved into a bear market, falling by over 25% from its highest point this year. 

In most cases, cryptocurrencies and other assets bounce back briefly even when they are in a deep bear market. Some of this rebound is known as “a dead cat bounce,” where it rises briefly and resumes the downward trend.

Popcat’s rise coincided with a big increase in its open interest in the futures market. According to CoinGlass, the interest rose to over $61 million on Friday from this week’s low of $52 million. 

The Popcat token also rose after an analyst who predicted its rally in January made the case that meme coins have a utility. In an X post, Cryptonary noted that these tokens had four main utilities, including entertainment, community, culture, meaning, and a trading vehicle. 

The lack of any clear utility is one reason why many investors avoid meme coins and instead focus on other cryptocurrencies like Bitcoin and Ethereum. 

Despite this, meme coins like Popcat, Pepe, and Floki have become leading players in the crypto industry with a combined market cap of over $54 billion. Some of them have even outperformed other large coins like Bitcoin and Ripple (XRP). 

Popcat price has solid technicals

Popcat price | Source: TradingView

Technically, Popcat price rose after it formed a morning star candlestick pattern on Thursday. It is one of the most bullish patterns in the market and is characterized by a small body and equal upper and lower shadows.

Additionally, Popcat token has remained above the 25-day and 50-day moving averages, meaning that it could continue rising. If this happens, it could retest the crucial resistance point at $1, 13% above the current level.

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Altcoin

LayerZero, Mog Coin, and Bonk prices are rising: beware of key risks

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It was a sea of green on Monday as Bitcoin bounced back above $63,000 as investors embraced a risk-on sentiment. 

Ethereum Name Service (ENS) was one of the best-performing altcoins on Monday as focus shifted to the upcoming ENSv2 upgrade. LayerZero, which recently launched its airdrop, rose to $3.6, 40% above its lowest level last week.

Mog Coin, one of the best-performing meme coins this year, rose to an all-time high of $0.0000021, up more than 200% above its lowest level in June. Bonk has also risen by over 32% from its last month’s lowest point, which made it our chart of the week. Some of the other top-performers were altcoins like Dogwifhat (WIF), Immutable X (IMX), Fantom (FTM), and Bittensor (TAO).

MOG vs ZRO vs Bonk prices chart

Bitcoin and altcoins’ recovery happened in a high-volume environment. Data by CoinMarketCap shows that the daily volume jumped by over 45% to $53 billion, its highest point since June 28th.

There was no major catalyst to justify the rally. Therefore, the likely reason why these coins gained is that investors have embraced a risk-on sentiment after the French election held on Sunday. While Marine Le Pen’s party won the election, the victory was lower than what polls were expecting. 

In the aftermath, the US dollar index (DXY) dropped by 15 basis points while global stocks jumped. The French CAC 40 index rose by over 2% while the German DAX index rose by 0.70%. In the US, futures tied to the Dow Jones and Nasdaq 100 index were also in the green.

Dead cat bounce?

Bitcoin price chart

Still, there is a risk that the LayerZero, Mog Coin, and Bonk price rally is a dead cat bounce, a scenario where an asset in a freefall stages a brief comeback only to resume a downtrend. 

This risk is magnified by the fact that Bitcoin has formed several risky patterns in the past few months. It formed a double-top pattern at $72,000 last month. It has also failed to move above that level since March 27th. 

Bitcoin has also remained below the 50-day and 100-day Exponential Moving Averages (EMA), meaning that bears are still in control. Most recently, it has formed a bearish pennant chart pattern.

Therefore, there is a risk that Bitcoin will drop and move below $60,000 this week. If this happens, altcoins like MOG, BONK, and ZRO will resume their bearish trend since in most cases, these tokens follow Bitcoin’s price action.

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Altcoin

Meme coin rally: BONK, WIF, BRETT and PEPE are all up 15%

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Meme coins are enjoying their time in the green while Bitcoin (BTC), which experienced a downturn this week, has climbed 3% in 24-hour trading.

BONK, WIF, BRETT, and PEPE have all surged over 15% amid a broader meme coin rally. Let’s take a look at each.

Bonk

At the time of writing, Solana-based meme coin Bonk (BONK) was still up 12% in the last 24 hours.

The leading dog-themed Solana coin was trading at $0.000022 per data from CoinMarketCap (CMC). In the same time frame, its trading volume saw a drop of 1%, hovering around $319.5 million, suggesting traders could be holding on to their BONK tokens and expecting a further jump in price.

BONK 24-hour price chart | Source: CoinMarketCap

Moreover, BONK’s market cap was standing at $1.52 billion, marking it as the 50th largest cryptocurrency per CMC. Despite the latest price surge, the dog-themed meme coin is still down 52% from its all-time high of 0.000047, which it reached on March 4.

Dogwifhat

Dogwifhat has also seen a greater jump of 22%, currently trading at $1.99 as of press time. The 41st largest cryptocurrency in terms of market cap had a daily trading volume of $580 million per CMC.

WIF 24-hour price chart | Source: CoinMarketCap

At the time of publication, WIF’s market cap stood at $1.98 billion, holding the rank of 41st largest crypto asset. The canine-themed meme coin (also a Solana-based coin) is still down 60% from its all-time high of $4.85 attained on March 31.

Brett

BRETT, the meme coin launched four months ago, was still up 8%, trading at $0.12, according to CoinMarketCap (CMC).

During the same period, the meme coin — inspired by a character from illustrator Matt Furie’s “Boy’s Club” comic — had a daily trading volume of $42.7 million, down 29%.

BRETT 24-hour price chart | Source: CoinMarketCap

Additionally, the crypto asset’s market cap rose to $1.13 billion, making it the 58th largest cryptocurrency, according to CMC.

Pepe

PEPE, an Ethereum-based meme coin, was also up 8.6% over the past day and exchanging hands at $0.0000090.

In the same timeframe, the daily trading volume of crypto assets hovered around $908 million, down over 32% per CMC. Meanwhile, its market cap had jumped by 8%, and it now stands at $3.8 billion.

PEPE 24-hour price chart | Source: CoinMarketCap

The general surge in all these meme coins follows a rise in the largest crypto asset by market cap, Bitcoin, which had risen by 3% over the past day to $56,713 on Saturday. Its 24-hour lows and highs were recorded as $54,839 and $56,856, respectively.

Bitcoin’s dominance is currently 53.64%, a decrease of 0.31% over the day, reflecting a notable jump in altcoin market activity. Meanwhile, the global crypto market cap has risen by 3.2%, bringing its total market cap to $2.08 trillion.

The big jump in the meme coin market is often linked to Bitcoin’s performance due to its influence on the broader cryptocurrency market.

When Bitcoin performs well, it often leads to increased investor confidence and interest in alternative coins (altcoins), including meme coins. This phenomenon can create a positive feedback loop, where rising prices attract more investors, further driving up prices.

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Theo Crypto News

DeFi

Comparative analysis of long-term and short-term memecoins

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Memecoins are notorious for their rapid rises and falls, but some are beginning to show promise for long-term growth. We look at prominent memecoins FLOKI, PEPE, WIF, Bonk, and TEA to see how they fare.

The memecoin world is complex and dynamic. Every few weeks, flashy new coins emerge unexpectedly, surge overnight, and vanish just as quickly. Nowadays, it seems that very few memecoin projects have long-term goals, detailed road maps, or strategic plans to rely on. While many investors do not place much value in long-term utility, an increasing number are looking toward projects with more complex strategic plans. Today, let’s explore a few prominent memecoins with short-term growth trajectories and some with long-term potential.

FLOKI

FLOKI is the utility token for the Floki Ecosystem. The coin’s ecosystem includes a variety of features designed to provide tangible utility, distinguishing it from other memecoins.

One standout element is “Valhalla,” an immersive metaverse game where users can earn FLOKI tokens through gameplay and avatar creation. FlokiFi, a decentralized finance (DeFi) platform offering services like staking, swapping, and yield farming, is another popular project offering. 

The ecosystem also includes an NFT and merchandise marketplace dubbed FlokiPlaces and the University of Floki, an educational platform focused on cryptocurrency knowledge.

Floki’s community engagement is notable, regularly appearing in LunarCrush’s Top 10 social engagement leaderboards. The memecoin has partnered with major crypto projects like Chainlink and ApeSwap, further adding to its credibility.

The project is backed by Floki Vikings, a highly engaged community that plays a crucial role in its growth. The token is up 688% over the past year.

Floki’s community-driven approach, paired with the project’s focus on developing real-world use cases makes it a notable pick for long-term investments.

PEPE

Pepe is an Ethereum-based token that taps into meme culture. Pepe quickly garnered interest from investors, reaching the top 100 cryptocurrencies by market cap within two weeks of its launch.

Pepe Coin benefits from its ERC-20 token status on the Ethereum network, which provides high security through its Proof-of-Stake (PoS) consensus mechanism. This status also ensures compatibility with various Decentralized Applications (dApps) and wallets.

The token’s community engagement is a key strength. With over 678,000 followers on X and a presence on Telegram, Discord, and Reddit, the team actively fosters a vibrant and supportive community. Future plans for Pepe Coin include launching a Pepe Academy and merchandise to expand its ecosystem and maintain a strong market position.

It has risen by 6% over the past month and 690% over the past year. At the time of publication, the token’s daily trading volume was hovering around $854 million. Considering its past track record and loyal community backing, the token stands as a strong candidate in this list.

WIF

Dogwifhat (WIF) is a newcomer to the memecoin space but has captured significant investor attention. Inspired by a viral meme of a Shiba Inu dog wearing a pink-knitted hat, the cryptocurrency was launched on the Solana blockchain in December 2023.

Dogwifhat has demonstrated steady growth, achieving a market cap of $2 billion following its listing on Binance. Emphasizing decentralization, the coin’s governance is controlled by its community of token holders. The coin has a total supply of over 998.9 million tokens, with its value driven by community interest and speculation rather than functional use cases. 

What differentiates WIF from its competition is its commitment to decentralization. The ownership of Dogwifhat has been fully renounced, meaning no single entity has control. The creator’s balance is zero, preventing any undue influence from the original developers. 

Dogwifhat entered the market at around $0.001555 in December 2023. It briefly peaked before dropping in January. However, in late February, the price surged to reach an all-time high of $4.83.

WIF remains a significant player in the memecoin space, especially for those seeking short-term gains.

Bonk

Bonk (BONK), the first dog-themed cryptocurrency on the Solana blockchain, was introduced on December 25, 2022. Its launch saw the SOL token surge 34% within two days. Trading of Bonk began on December 30, quickly capturing the attention of the crypto community.

The core idea behind Bonk is to improve liquidity across decentralized exchanges (DEXs) built on Solana, supporting a robust trading environment.

In addition to its core trading function, Bonk is branching out with several utility projects that enhance its ecosystem. For instance, BonkSwap, a decentralized exchange for trading meme coins and other tokens, offers features like liquidity pools and yield farming. Then there’s BonkBot, a Telegram bot that lets users buy Bonk tokens, track prices, set alerts, and engage in airdrops directly on the messaging platform. 

Lastly, the Bonk Rewards program incentivizes users to lock their tokens by offering rewards through various ecosystem contributions, including BonkBot and Solana Validator Business (SVB).

These initiatives not only increase the token’s utility but also strengthen its position in the market, illustrating Bonk’s evolution from a mere memecoin to a more functional short-term asset within the Solana network.

TEA

TEA is an up-and-coming community-driven memecoin on Solana, that aims to unite tea lovers and the crypto community. Tea can be categorized as memecoin with long-term potential, thanks to its detailed roadmap and strategic plans. 

Achieving milestones in its meticulously planned road map, TEA has already been listed on major decentralized exchanges (DEXs) and launched $TEA-Farming (where users provide liquidity to $TEA pairs on decentralized exchanges and earn rewards in $TEA tokens). 

Next on its roadmap are its future plans for CEX listings, an NFT collection launch, the Tea-Tap Game, and RWA partnerships, with exclusive teas becoming available to TEA-family HODLers.

TEA’s utility is another factor that makes it stand out in the memecoin space. The project employs well thought out mechanics for steeping (staking), harvesting (farming), and brewing (burning) mechanics.

Staking TEA tokens offers rewards of 20% APY for 6 months and 50% APY for 12 months, distributed from the TEA Fund pool. TEA tokens can also be farmed for additional rewards. More precisely, they can be farmed for rewards through LP farming or staking TEA to earn top MEME coins. Furthermore, TEA tokens can be burned to reduce supply, with 50% going to charity and 50% raffled among senders monthly.

Despite these impressive features and plans, TEA has faced challenges. Recent rumors and accusations of presale fund embezzlement plagued the project for a short while. However, TEA received unwavering support from its strong community of over 3.2 million members. Moreover, on-chain analysis clarified the flow of the funds. The investigation conducted shows that the funds were converted into liquidity. 

Following the presale’s close on July 4, the project engaged in various operations from its wallets by July 9, including minting, DEX listing, liquidity provision, and price maintenance. All of these attributes point to a well-planned project with an inbuilt compass that guides it in the right direction. 

Conclusion

In the intriguing world of memecoins, each project holds its own merit. While many of the prominent and well-loved memecoins of today show promise for short-term gains, FLOKI, PEPE and TEA, a promising new Solana memecoin, offer a unique combination of immediate profitability and sustainable growth. 

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DeFi

MEW surges 16%, becomes top gainer in crypto market today

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MEW, the Solana-based meme coin known as “cat in a dogs world,” has experienced a notable increase of over 16% in the past 24 hours, making it the leading gainer among cryptocurrencies on July 24.

At the time of writing, the feline-themed meme coin cat in a dogs world (MEW) was still up 11%, trading at $0.0081 per price data on crypto.news. The crypto asset’s market cap had surged to $726 million, making it the 94th largest cryptocurrency.

MEW price data | Source: TradingView

Moreover, the meme coin’s daily trading volume has dropped 16%, hovering around $250 million, suggesting that MEW investors are optimistic about its potential rise and prefer to hold their positions rather than sell.

The latest price surge in MEW follows a July 23 X post in which WhiteBIT, one of the largest European centralized crypto exchanges from Ukraine, revealed that it had listed the meme coin.

Just a day earlier, the exchange also announced a bounty program that would see the top 250 participants rewarded from a prize pool of 6 million MEW tokens.

MEW was initially introduced on the Raydium exchange, benefiting from a 10% airdrop to the Solana community on March 26. The launch was met with immediate enthusiasm, driven by the Solana hype and the coin’s engaging “Cat in a Dogs World” theme. Within just three hours of its launch, MEW’s trading volume soared to $150 million.

Cat-themed tokens as a whole are valued at $2.7B after an expansion in the past few weeks. Popcat (POPCAT), another cat-themed meme coin on Solana, also experienced a surge of 12% on July 24, exchanging hands at $0.8155 at press time.

MEW’s surge also comes at a time when the global crypto market is experiencing a slight drop, standing at $2.39 trillion. Bitcoin, the pioneering crypto asset, was also down 1.13%, exchanging hands at $658,876 at the time of publication.

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Công nghệ

Pendle soars over 17% despite market-wide bloodbath; Arweave and Toncoin also in the green 

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Despite the broader cryptocurrency market experiencing a significant downturn, Pendle (PENDLE) has managed to buck the trend, soaring over 17% this week, with its market cap inching closer to the -billion mark. 

At the time of writing, Pendle is trading at .23, up from .90 just a day ago.

This increase has pushed Pendle’s market capitalization to over 8 million, positioning it as one of the top-performing cryptocurrencies in the current market environment. Pendle currently holds the 84th position on CoinGecko’s rankings.

According to technical analysis, the token may reach a price range of between 5.37 to 3.05, with an average expected price of 9.21. Looking further ahead, its value is forecasted to continue rising, potentially reaching up to ,862 by 2040.

Pendle’s price surge has coincided with a significant rise in trading volume, which has climbed to 5 million. This influx of trading activity has likely contributed to the token’s price appreciation, as increased liquidity and demand have driven the price higher.

The Pendle community shows optimism regarding the project’s long-term prospects. The Fear & Greed Index for Pendle is 63, indicating “Greed” among investors. Additionally, the token’s 14-day Relative Strength Index (RSI) stands at 54.21, suggesting that the asset is neither overbought nor oversold.

Since its inception on Nov. 14, 2022, the Pendle token has surged by 18,320%, starting from an all-time low of .33.

Pendle has been steadily developing its protocol and expanding its ecosystem. The project recently announced several key partnerships and integrations, likely increasing investor confidence and contributing to the token’s price surge.

Pendle has expanded its presence across multiple blockchain networks, including Ethereum, Arbitrum, Optimism, and BNB Chain.

This cross-chain expansion aims to facilitate seamless access to Pendle’s services and trading functionalities across different blockchain platforms, thereby increasing its utility and accessibility for users.

Moreover, Pendle has implemented a point distribution system designed to incentivize user engagement through various campaigns, fostering more active community participation. 

Additionally, Pendle has enhanced its yield tokenization and trading capabilities by integrating with various DeFi protocols. This enables users to effectively tokenize and trade yield-bearing assets, optimizing their yield management strategies.

These developments reflect the project’s commitment to expanding its capabilities and improving its services, aiming to encourage greater adoption and usage of the protocol.

Arweave (AR) gains

Arweave (AR) has garnered considerable attention in the cryptocurrency market for its innovative blockchain technology and promising applications.

As of the latest data, Arweave is trading at .53 per token, with a market capitalization of .8 billion and a 24-hour trading volume of .3 million.

Several recent developments have contributed to AR’s price rise. The recent integration of Farcaster archives on Arweave has notably enhanced the platform’s capabilities, particularly in decentralized social data storage.

The price of the AR token has experienced fluctuations between bearish and bullish trends. In 2022, it dropped below in February and hit a 52-week low of .21 in June. However, it showed modest gains in August and September following a funding round.

A recent partnership with Meta Platforms to store non-fungible tokens, or NFTs, on Instagram has also driven up the price, reaching .77 in November.

Arweave continues to innovate in the blockchain and cryptocurrency sectors, providing a unique solution to data security and integrity challenges.

As investors monitor market trends and forecasts for the AR token, Arweave solidifies its position as an innovative decentralized data management and storage platform, showcasing resilience and innovation in the financial landscape.

Toncoin in the green 

Toncoin (TON) has recently reached new all-time highs, experiencing a 15% increase in price over the past month. This surge has propelled Toncoin into the top 10 cryptocurrencies by market capitalization. TON is now valued at .8 billion.

Several factors have driven this recent price action. Toncoin’s partnership with HumanCode to integrate blockchain-based identity verification through palm recognition technology has expanded the ecosystem’s utility. 

This initiative aims to integrate up to 500 million Telegram users within five years, boosting investor confidence in Toncoin’s long-term potential.

Technical analysis of Toncoin’s price charts shows a strong uptrend with consistent buying pressure. The Relative Strength Index (RSI) is overbought at 76.68, and the Awesome Oscillator (AO) registers a reading of 1.277, indicating positive market momentum.

Looking ahead, Toncoin’s price is poised for further gains. It has already reached a new all-time high of .24, and if the current bullish trend continues, it could potentially break the resistance level and target the mark.

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