DeFI News by Thebittimes.Com

According to data from CoinMarketCap, the price of Bitcoin declined by 5.25% in the past week falling below the $60,000 mark. This price dip adds to the string of negative performances in the last month during which BTC has lost 9.88% of its value.  However, Bitcoin has recently seen an increase in buying interest despite its recent price dips and popular notions that the maiden cryptocurrency is bound to remain in a consolidation state for now. Prominent crypto analyst Ali Martinez has now stated another development that characterizes the resilient interest in Bitcoin amidst its current overall bearish trend. Related Reading Analyst Identifies Bitcoin Liquidity Pools You Should Be Aware Of Going Into July 19 hours ago Retail BTC Investors Return In Numbers: Incoming Price Rally? In an X post on Saturday, Martinez reported that the num...

The cryptocurrency market has been a rollercoaster ride in 2024, with many tokens experiencing significant losses. However, amidst the chaos, XRP, the native token of Ripple, has stood out as a beacon of stability. While not immune to the overall market dip, XRP has remained relatively range-bound, minimizing losses and sparking renewed optimism among analysts and investors alike. Related Reading Solana Poised For Epic Reversal? Analyst Spots Bullish Pattern Echoing 2022 Breakout 1 day ago Stability Breeds Bullish Sentiment While Bitcoin and Ethereum have taken significant hits this year, XRP has displayed remarkable resilience. This stability is attributed to several factors, including its utility-driven nature. The altcoin is designed to facilitate faster and cheaper cross-border transactions, a function that remains valuable regardless...

Top US exchange Coinbase is not going to facilitate the planned merger of multiple artificial intelligence altcoin projects into a single new crypto. In an announcement via the social media platform X, Coinbase says that customers will have to initiate the merger on their own. “Ocean (OCEAN) and Fetch.ai (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.” In March, Fetch.ai (FET), Singularitynet (AGIX) and Ocean Protocol (OCEAN) announced a plan to merge with an aim to create the largest independent player in artificial intelligence (AI) research and development, which they are calling the Artificial Superintelligence Alliance (ASI). The merger is happening in phases, beginning July 1st, according to a recent project update. “Starting July 1, the token merger will temporarily consolidate SingularityNET’s AGIX and Ocean Protocol...

The first presidential debate between President Joe Biden and his would-be successor Donald Trump failed to mention crypto, triggering a 6% plunge in political meme coins over the past 24 hours. The absence of discussion around crypto was a disappointment to investors after digital lobbyists had raised millions of dollars to contribute to election campaigns, and after Trump had turn pro-crypto and the Biden administration began softening its hardline stance against the industry.  Multiple crypto-oriented super Political Action Committees (PACs) have raised around $202.8 million from key industry players. Meanwhile, $93.6 million has already been spent by these PACs to influence the elections. Despite this, the crypto space received no mention during the 90 minute debate. Trump-Linked PolitiFi Tokens Among The Biggest Losers After Presidential Debate The collective market cap of so-called PolitiFi tokens stood at just over $1.144 billion as of 3:35 a.m. EST as Trump Mania (TMANI...

The MAGA price pumped over 10% in the last 24 hours to trade at $8.99 as of 7:45 a.m. EST as investors rush to accumulate the political meme coin.  This recent gain by the TRUMP price comes as US President Joe Biden and former President Donald Trump prepare to participate in the first presidential election debate of 2024 today at 9 p.m. EST. The MAGA Price Might Undergo A Strong Move Soon 4-hour chart for TRUMP/USD (Source: GeckoTerminal ) A symmetrical triangle has formed on the 4-hour chart for the MAGA price. This specific chart pattern suggests the meme coin might enter a strong move soon. Although the symmetrical triangle gives no clear indication of which direction the crypto’s price might move in, TRUMP has recently broken above the upper boundary of the chart pattern, which could be a bullish sign. Should the MAGA price close a 4-hour candle above the chart pattern within the next 8 hours, it might have the foundation needed to attempt a challenge at the $10.39...

Option2Trade (O2T) is poised for substantial growth, driven by its innovative approach and strong market fundamentals. The push for $10 by ‘diamond hand’ holders underscores the deep confidence in Option2Trade (O2T)’s potential. With expert predictions aligning with investor sentiment, Option2Trade (O2T)’s journey to new heights seems well within reach. Before the end of July approaches, all eyes will be on Option2Trade (O2T) to see if it can achieve this ambitious target and solidify its status as a top-performing altcoin. Diamond Hands: Pushing for $10 Option2Trade (O2T) ‘diamond hand’ holders are driving a significant movement, aiming for the token to reach $10 by the end of July. This ambitious target showcases the unwavering confidence that long-term investors have in Option2Trade (O2T)’s potential for exponential growth. The Appeal of O2T: Strong Fundamentals Option2Trade (O2T) is making waves in the crypto market due to its...

Over the past week, Bitcoin has dropped nearly $6k in value, falling from above $66,000 to $60,000, and is now hovering around $61,000. This has made a significant impact on the market, with most of the tokens following the trend. Due to the highly unpredictable market conditions, crypto experts recommend that investors should focus on several emerging meme coin projects. Many believe these projects could see significant surges in the coming weeks, delivering up to 100x returns. The ones leading the charge are Pepe Unchained ($PEPU), WienerAI ($WAI), PlayDoge ($PLAY), and Base Dawgz ($DAWGZ). Let’s check out the details! >>>Buy the Best Altcoin Now<<< Bitcoin Plumme...

The messaging app Telegram is witnessing a rise in the number of Toncoin (TON) ecosystem-focused scams, according to a report by blockchain reporter Colin Wu. Citing the blockchain security firm SlowMist, Wu says that there are currently “many phishing attacks” occurring in the ecosystem of the layer-1 blockchain aided by Telegram. “Many phishing links (or bots) are spread through groups, using fake airdrops and other methods to hack assets in users’ TON wallets, especially Anonymous Telegram Numbers. Many people use it to create Telegram accounts, and if it is stolen, it means that the corresponding Telegram account may also be stolen unless a separate password is enabled.” Besides the phishing scams, cybersecurity firm Kaspersky in April highlighted a Toncoin-focused pyramid scheme being conducted on Telegram. “Scammers promote a ‘super-secret awesome bot’ and referral links as the key to earning Toncoin. In short: you invest...

Crypto analysts have given varying opinions on the Cardano (ADA) future trajectory . One analyst predicts that the crypto token could enjoy an unprecedented price rally . On the other hand, another analyst holds a bearish view and predicts that Cardano could experience a significant price crash.  Cardano To Enjoy A 12,000% Rally In a post on Tradingview, crypto analyst Fiery Trading raised the possibility of Cardano rising to as high as $40 and even higher. The analyst highlighted a parallel channel and noted that Cardano could reach the top of this channel in the coming bull run , which would cause the crypto token to rise to $40.  Related Reading SkyBridge Capital’s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins 9 hours ago Source: Tradingview.com Fiery Trading admitted that Cardano rising to $40 ...

The Notcoin price has slumped 10% in the last 24 hours to trade at $0.01351 as of 7:30 a.m. EST on a 25% surge in trading volume to $430 million. Notcoin Price Analysis: Can The Bulls Regain Momentum? Notcoin (NOT) has been experiencing a downturn as bears capitalize on resistance at $0.02627, driving the price down during this corrective phase. The battle between buyers and sellers has also led to the falling wedge pattern, which indicates a shift to the bullish trend reversal and potential rally ahead. Despite the downturn, the bulls are showing resilience by preventing further gains for the bears, establishing a solid support level along the lower trendline of the wedge. If the bulls maintain this upward momentum from the support zone, they could push the price to reclaim the previous high of $0.02164. NOTUSDT Chart By Tradingview.com The current price trades below the 50-day simple moving average (SMA). If the price bounces from the wedge’s lower trendline, it ...

While the stellar performance of many assets on both the stock market and the cryptocurrency markets has emboldened the bulls and diminished the bears, warnings of the coming crisis continue being spoken at times. Indeed, there have been numerous predictions since the start of 2024, some believing in a highly predictable forthcoming inflation crisis, others believing that AI has generated a bubble set for bursting, and others still believing that though there is a bubble, only the FED could bust it. Even the International Monetary Fund (IMF) recently chipped in and cautioned that U.S. economic growth is driven by unsustainable spending and borrowing.  Picks for you Almost $10 billion exits Solana in a week; What’s going on? 12 mins ago ...