Posts

Showing posts with the label volume

XRP sees $11 billion in inflows as crypto market rebounds

Image
After a staggering $300 billion wipeout in the cryptocurrency market over the course of the weekend, the broader crypto sentiment has seemingly shifted. Notably, XRP has seen a grand total of $11.55 billion in inflows over the past 24 hours, bringing its total market capitalization from $102.36 billion to $113.91 billion on April 8, per data retrieved by Finbold from CoinMarketCap .  XRP market cap 1-day chart. Source: CoinMarketCap This amounts to an 11.28% increase in market capitalization. In contrast, the wider crypto market has seen a 0.09% decrease in market cap in the same timeframe. Several bullish catalysts are propelling XRP upward While near-term volatility is to be expected, XRP is currently benefiting from a couple of tailwinds apart from the increase in inflows.  For one, it was recently announced that Ripple will acquire Hidden Road, a prime broker, for $1.25 billion. This will be one of the largest deals yet in the cryptocurrency space. ...

Can Dogecoin Surge to a High of 20 Cents in November 2024?

Image
The Dogecoin (DOGE) market witnessed a massive spike over the past day. This came as a surprise to many as the rest of the market barely saw any movement. Several linked this growth to Donald Trump, the former president of the United States, gaining momentum in the current elections. Also Read: Shiba Inu’s Shytoshi Kusama: New Proposal for Next US President Dogecoin’s Double Digit Spike The meme coin recorded an 11.83% rise throughout the last 24 hours. DOGE went from a low of $0.1504 to a high of $0.1689. At press time, the asset was trading at $0.1681. In addition to its price, Dogecoin’s market cap saw a 12% increase and hit $24.66 billion. Source Activity in the Dogecoin network was on the rise. Following a 56% surge, the meme coin’s daily trading volume soared to a high of $3.19 billion. According to IntoTheBlock, 85% of users whose cryptocurren cy wallets include Dogecoin will make money if they sell the coins at the present price. Of these, 12% will lose money, ...

Can Dogecoin (DOGE) Hit 20 Cents By August End?

Image
The Dogecoin (DOGE) market finally moved beyond the 9 cents zone to 10 cents. Over the past 24 hours, DOGE surged by 4.65%, trading at a high of $0.1049. Along with its price, the meme coin’s market cap and volume witnessed a 4% and 54% daily rise. At press time, DOGE’s daily volume was at $649,021,296. But can DOGE’s current momentum push the asset beyond 10 cents to 20 cents? DOGE’s Potential to Reach 20 Cents Current Market Performance Source According to data from Changelly, DOGE will record a spike in the next couple of days. But by August 23, the meme coin will continue to dip. The asset will be reclaimed at the 9 cents level and end the month on the same note. As a result, the 20-cent mark is difficult for the asset to achieve. Also Read: Dogecoin (DOGE) & Floki (FLOKI) Price Prediction Increased Activity Among DOGE Addresses According to data from IntoTheBlock, DOGE address activity has increased . In particular, the number of daily active addresses recently sp...