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Following its continued surge this week, Bitcoin has surpassed the Russian ruble to become the 14th largest currency in the world by market cap. Indeed, data from CoinMarketCap has the digital asset catapult into the top 15 among some of the largest currencies on the planet. Bitcoin has enjoyed a massive surge this week amid massive Spot ETF inflows. Subsequently, that continued ascension has allowed it to transcend the cryptocurrency market. The asset has now become a competitor to a plethora of global currencies. JUST IN: #Bitcoin sur passes the Russian Ruble to become the 14th largest currency in the world. — Watcher.Guru (@WatcherGuru) February 29, 2024 Also Read: Cryptocurrency: 3 Coins To Watch As Bitcoin Eyes $60,000 Bitcoin Passes Russian Rubel as 14th Largest Currency in the World Bitcoin has long been the most dominant digital asset within the market. Although that has never truly been disputed, the industry had high hopes for its performance entering 20...

Sam Bankman-Fried’s family and friends wrote to the judge requesting leniency. Bankman-Fried’s mother, Barbara, explains her son’s ASD conditions and the consequences the imprisonment could bring on him. George Lerner, his psychiatrist, reinforces Barbara’s words, asserting that Bankman-Fried was his patient. In a surprising turn of events, more than two dozen letters were filed for the judge’s leniency in FTX founder Sam Bankman-Fried’s pending prison sentence. Reportedly, Bankman-Fried’s family and friends pleaded with the court to alleviate his punishment, considering his psychiatric conditions and the further consequences of confinement. Previously, following the fall of FTX, the founder was found guilty of seven criminal charges, including fraud and conspiracy. Reports revealed that he could face imprisonment of up to 115 years. However, Bankman-Fried’s lawyers recently requested US District Judge Lewis Kaplan to punish him for not more than 6.5 years, c...

The Pepe price is leading a soaring meme coin rally with a 53% surge during the past 24 hours and a parabolic 191% climb over the past week. The meme coin is trading at $0.0000033 as of 6:30 a.m. EST following its stellar 24-hour performance. Solana meme coin Dogwifhat (WIF) had the second-highest gain as Wen (WEN), FLOKI (FLOKI), Myro (MYRO) and Bonk (BONK) all soared. Pepe Price Pumps As Meme Coin Market Soars  The meme coin market overall saw a 9% uptick in its collective market capitalization over the past 24 hours, boosting the sector’s valuation to above $27.6 billion. Its overall trading volume followed a similar trend, soaring over 91% to around $6.79 billion. Pepe also experienced a doubling in its 24-hour trading volume to $1.8 billion, and it easily outperformed the market leaders Bitcoin (BTC) and Ethereum (ETH). BTC posted a 4% gain while the largest altcoin in terms of market cap saw its price rise just under 2% during the same period. Data from Coingl...

The meme coin frenzy continues as established players are thriving, while exciting newcomers like Frog Wif Hat are sparking investor interest. These new coins are chasing the dream of replicating the explosive growth of Smog and Sponge, which skyrocketed from $1 million to a staggering $70-80 million market cap. As Frog Wif Hat enters the scene with a $1.56 million market cap, questions arise about its potential to surge further, especially considering its recent launch. Frog Wif Hat leaps into the limelight with a fair launch – The next 100x investment sensation Frog Wif Hat exemplifies the dynamic potential inherent in meme coins, where rapid growth is consistently within reach. While the meme coin landscape has predominantly been shaped by Solana projects such as Smog, Bonk, and Myro, Ethereum is now asserting itself as a formidable contender. In a strategic move, Frog Wif Hat, a popular Ethereum-based meme coin, is transitioning to Solana in its phase 2 development. This ...

Cryptocurrencies continued outperforming other asset classes in the past 12 months as the industry faced numerous tailwinds. Some of these important events were the approval of the first spot Bitcoin ETFs and the rising inflows from institutional investors. Also, there seems to be robust demand for token sales, as evidenced by  Memeinator , which has raised over $5 million from investors. Meme coin tokens have surged As a result, the total market cap of all digital currencies has surged to over $2.25 trillion, with Bitcoin having a dominant role in the industry. Other big coins like Solana, BNB, Tron, and Avalanche have also done well. Beneath the surface, several meme coins like Bonk, Floki Inu, Dogecoin, and Pepe have seen robust demand. Data shows that the total market cap of all meme coins has jumped to over $27 billion. Most of these tokens have almost doubled this year.  There are three main reasons why meme coins have surged this year. First, ...

The Polygon network currently boasts a remarkable uptrend in prices as the trending tokens in the ecosystem generate increasing activities. As of yesterday, the number of active addresses on the chain peaked at over 1.1 million. Thus, the price of POL is up significantly. However, the surge in price is not localized to the Polygon ecosystem alone; Bitcoin has recorded a price increase of over 8% in the last 24 hours. Apparently, the crypto bull market is in full swing. Most Trending Cryptocurrencies on Polygon While the bull trend rages on, it’s best to step back and understudy new projects that afford investors the chance to take sizeable returns on investment. SPONGE made the news recently as one of the cryptocurrencies to watch this quarter after its dramatic debut on the Polygon chain. Below is a summary of its recent performance and its outlook in the bull market. 1. Voxies Token (VOXEL) Voxies (VOXEL) is an engaging 3D turn-based tactical RPG game. Also, the token draws...

Bitcoin Cash and Stacks are among altcoins to surge as Bitcoin price broke above $57k today. KangaMoon (KANG) is a new meme coin offering real-world value via a Social-Fi and play-to-earn (P2E) ecosystem. The project’s presale has accelerated into stage 2 as investors eye a potential 20x token. Bitcoin Cash (BCH) and Stacks (STX) rallied as Bitcoin price broke above $57,000 to strengthen bulls’ attempts to reach the last bull market’s peak. BCH added 14% to trade at $303 while STX price jumped 24% to $3.14. Elsewhere, Dogecoin pushed to $0.09 as meme coins looked to pump amid the BTC momentum. This sentiment cascaded into the presale market, where KangaMoon (KANG) is attracting huge attention from investors. Bitcoin price spike pushes BCH, STX higher Once Bitcoin broke above $54k, bears had no answer as the next few hours saw the benchmark Crypto currency blast past $57k. According to TradingView data, $ BTC price rose as high as $57,250 ...

One artificial intelligence (AI) altcoin project is rallying after top US crypto exchange Coinbase announced a possible future listing of the token. In a new announcement, Coinbase says it is adding Akash Network (AKT) to its “listing roadmap,” which alerts customers that the exchange could soon add support for certain assets. As the news broke Monday, AKT shot up from a day low of $3.91 to $4.38 at time of writing, a more than a 10% gain. Akash Network is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchains and AI. The listing roadmap was created in 2022 to increase transparency and reduce the possibility of investors front-running new trading support announcements, according to Coinbase. Influential figureheads within the crypto industry have been bullish on AKT as of late. Venture capitalist Arthur Cheong said AKT is a project with huge upside potential....

AltSignals (ASI) recently listed on crypto DEX platform Uniswap. Analysts have shared major predictions for Bitcoin (BTC) as price hovers near $51k. As Bitcoin bulls struggle to hold prices above $51k, a Crypto analyst has shared a potential bearish flip that could see BTC price trade to $48k. Here’s the price outlook for AltSignals. BTC price to $48k? Analyst points to on-chain metric Bitcoin price rose to above $53k on February 20, hitting the highest level since December 2021. While the bellwether Crypto currency’s market cap remains above the $1 trillion mark hit this month, prices have revisited the $50.6k level on multiple occasions. A crypto analyst has shared a Bitcoin price prediction suggesting BTC could dip to lows of $48k. On-chain and data analytics platform CryptoQuant shared the analyst’s view on X on Monday. Per the prediction , the 30-day moving average of Bitcoin’s short term Holder SORP metric shows it’s ...

Friend.Tech has hinted at a bold comeback with an upcoming airdrop this spring. The move comes amid its struggle to maintain trading volume and user base.  FT’s trading volume is now $56k with 102 traders, down 99.72% from the $20M and 21,600 traders recorded last September.  Friend.Tech (FT), the popular decentralized social app, has hinted at a bold comeback with an upcoming airdrop amid criticism and dwindling trading activity. The FT team posted this teaser on their official X account yesterday.  In particular, the post suggests that the platform is gearing up for what it describes as “the most dangerous mission” yet. The statement read: “The FT bunnies are preparing for their most dangerous mission ever this spring.” the ft bunnies are preparing for their most dangerous mission ever this spring pic.twitter.com/kiDPnxGizg — friend.tech (@friendtech) February 24, 2024 The image shared in the tweet lent greater credence to the speculation surr...

Observing smart whales’ movements can provide valuable insights for crypto traders and investors navigating cryptocurrency waters. These are highly capitalized addresses with a profitable trading history. Recently, a smart whale trading Ethereum (ETH) closed a position worth $21 million for a profit of $5.32 million . According to a post by Lookonchain on X (formerly Twitter), the address acquired 7,429 ETH worth $16.5 million on January 26 and sold the entire position at $2,937 per token on February 23. Picked for you Robert Kiyosaki explains why he ‘would be happy’ if Bitcoin crashes 1 hour ago 3 cryptocurrencies to avoid trading next week 2 hours ago AVAX sell-off alert : Avalanche suffers major outage 21 hours ago Dogecoin competitor threatens 100% bullish breakout 23 hours ago Previously, the investor made $5.34 million in realized profits with a similar trade from October 2023 to January 2024. In particular, the smart Ethereum whale b...

The global non-fungible token market has witnessed an upward trend in trading sale volumes, marking a consistent rise for the second week of February. In this article, we have listed some of the top-selling NFT collections this third week of February: Source: CoinGecko.com, top-selling NFTs. 1. Bored Ape Yacht Club NFT Collection Bored Ape Yacht Club, an NFT collection from the digital asset incubation studio Yuga Labs that Features a limited trading sales volume of 10,000 NFT hosted on the Ethereum blockchain network, is this week’s most selling NFT collection. In the past 24 hours, the Bored Ape NFT collection has amassed a trading sales volume of 859 ETH. It has a market cap of $645 million and a floor price of $64,535. 2. Pudgy Penguins NFT Collection Pudgy Penguins, a non-fungible token collection that Features a limited edition of 8,888 NFTs hosted on the Ethereum blockchain network, is this week’s second most-selling NFT collection. In the past 24 hours, Pudgy...

A new report from the European Central Bank (ECB) is drawing considerable criticism from crypto supporters after it described bitcoin fundamentals as “a fantastic condition for snake oil salesmen.” The report titled ‘ETF approval for bitcoin — the naked emperor’s new clothes’ clarifies the ECB’s position on bitcoin and the approval of a bitcoin exchange-traded fund. It opens with the claim that bitcoin has failed as a global decentralized digital currency and states that the latest ETF approvals don’t change its view that it’s “not suitable as means of payment or as an investment.” The ECB also argues that bitcoin is still “inconvenient, slow, and costly,” and that mining the currency “continues to pollute the environment on the same scale as entire countries.” Finally, it attempts to explain the currency’s recent upturn, saying that its price is easily manipulated, that authorities have failed in their judgements and measures, and that it has been boost...

Bitcoin (BTC) investors are eagerly watching as the leading asset shows signs of a strong comeback. Recent price surges and predictions from experts like Tom Lee have ignited excitement about Bitcoin possibly hitting $150,000. But what factors are behind this optimism, and when might this milestone be reached? Tom Lee, the head of research at FundStrat, maintains a bullish stance on Bitcoin. In a recent CNBC interview, Lee reiterated his belief in BTC potentially reaching $150,000 this year. He attributes this optimism to a mix of factors, including growing demand spurred by the introduction of new ETFs (Exchange-Traded Funds) and a decrease in supply due to halving. Additionally, Lee expects supportive monetary policies to bolster BTC and other risk assets. Tom Lee says # bitcoin is sound money and shares his price predictions. pic.twitter.com/CF5HCukoot — Michael Saylor⚡️ (@saylor) February 21, 2024 Also Read: Michael Saylor Says He Will Never Stop Bu...

IMX might retrace to $3.40, while OP could extend its gains toward $5. Buying pressure might validate ARB’s move to $3, and MNT could hit $0.81. MATIC bulls might push for a 43% increase, which could send the price to $2. The optimism about a potential Ethereum (ETH) ETF approval has fueled speculation that Layer 2 tokens could be ready to rally. According to Coin Edition’s assessment of the market, some of the tokens with this potential include Polygon (MATIC), Immutable (IMX), and Optimism (OP). Others include Arbitrum (ARB) and Mantle (MNT). MATIC/USD From the 4-hour MATIC/USD chart, the token had attempted to hit $1.05. However, the resistance at $1.03 ensured that the effort was futile. But bulls have capitalized on the drop to $0.92 by pushing MATIC back to $0.97. If the price breaks through the $1 psychological level, a massive breakout could be next. Indications from the 4.23 Fibonacci level showed that the token could extend toward $1.40. S...