Author: Benjamin Lee
BNB price trades above $760, having touched intraday highs of $766. Having come just shy of a new all-time high, it’s possible bulls could target $1,000 next. Overall, altcoin market optimism will catalyse more gains. BNB, the native coin of the Binance ecosystem and BNB Chain, is on the cusp of a new all-time high as price hovers near $763 on Monday morning. This comes amid a robust uptick for altcoins, with Ethereum exploding to $3,800 and XRP eyeing $4.00. While BNB has only managed a modest 2%, price is retesting last week’s resistance level amid an increase of nearly…
Conflux price jumps more than 100% to lead top 100 coins by market cap as Ethereum eyes $4,000. An altcoin rally has buoyed top coins like XRP, Solana and BNB. News from a network conference in Shanghai, mainly that Conflux 3.0 is coming, has buoyed CFX bulls. Conflux (CFX) is trending as the top gainer in the 100 largest coins by market cap in the past 24 hours, with its price up an impressive 116%. CFX traded to highs of $0.24, a multi-month peak that has bulls eyeing a major breakout. This rally for the 81st-ranked altcoin comes amid a…
1inch price reached highs of $0.36, a 7-month peak. The price of 1INCH could break the short-term hurdle at $0.50 and target $1. Currently, 1INCH trades around $0.33, near a critical pivot zone. 1INCH, the native token of the 1inch Network, has skyrocketed to a seven-month high of $0.36, up 11% in 24 hours and more than 80% in the past week. This uptick, fueled by a combination of team accumulation, exchange withdrawals, and booming decentralised activity, signals a potential structural reversal for the decentralised exchange aggregator. With trading volumes spiking and technical indicators flashing bullish signals, it’s possible 1INCH…
The memecoin launchpad Pump.fun has completed one of the fastest-selling initial coin offerings (ICOs) to date. In a post on the social media platform X, the Solana (SOL)-based platform says that its official native token, PUMP, sold out in just minutes during the ICO event on July 12th, generating millions of dollars in sales. “The PUMP public sale has now ended. We are delighted to reveal that the PUMP public sale was able to sell out in only 12 minutes. We would like to thank our entire community for participating! The PUMP tokens will now enter the distribution phase.” All…
The chief executive of Bitcoin (BTC) financial services firm Fold is issuing a warning about altcoins, saying that the crypto king’s market dominance isn’t something that will backtrack. In a new interview with CNBC Television, Fold CEO Will Reeves says that the top crypto asset by market cap’s recent new all-time high was due to a combination of high institutional demand and low supply. “This is what happens when massive demand meets the finite supply of Bitcoin. And what we’re seeing right now is the supply shock in motion. So I’d certainly say what we are seeing is the fundamentals…
A crypto hacker who stole tens of millions of dollars from the decentralized crypto perpetuals exchange GMX (GMX) is turning white hat by returning the stolen funds to collect a bounty. In a new thread on the social media platform X, GMX says the hacker who stole $42 million worth of crypto assets earlier this week from its Arbitrum (ARB)-based liquidity pool is returning the funds and collecting a $5 million reward. “A potential exploitable amount of $42 million belonging to GLP holders was secured. After payment of a $5 million bounty to the user, the remaining funds are now…
Analyst and trader Michaël van de Poppe believes Bitcoin (BTC) is primed to go much higher after the flagship crypto asset broke into a new all-time high. Van de Poppe tells his 795,200 followers on the social media platform X that Bitcoin could reach a price of $250,000 in the fourth quarter – an increase of around 112% from the current level. According to the widely followed analyst, Bitcoin could hit a price of $125,000 this month and $150,000 between July and the end of September. However, Van de Poppe expects the rally to pause before his targets can be…
The decentralized oracle network Chainlink (LINK) continues to top crypto’s real-world asset (RWA) sector in terms of recent development activity, per new research from the analytics firm Santiment. Santiment notes in a new post on the social media platform X that Chainlink registered 351 notable GitHub events in the past 30 days. The figure far exceeds the second-ranked RWA project, the layer-1 blockchain Avalanche (AVAX), which clocked 183.4 GitHub events in the past month. The peer-to-peer payments project Stellar (XLM) was third, with 144.57, and Axelar (AXL), a programmable Web3 interoperability platform, was fourth, with 113.77. Source: Santiment/X Chainlink has occupied the…
Two decentralized finance (DeFi) altcoins have abruptly gained support from the top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase says it’s adding Sky (SKY), formerly known as MakerDAO, as well as its associated stablecoin USDS (USDS), to its suite of digital asset products. “Sky (SKY) and USDS (USDS) are now live on Coinbase.com and in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the additions had little impact on the tokens, as SKY is trading for $0.0836 at time of writing, a…
A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is on the brink of breaking out while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 550,900 followers on the social media platform X that layer-1 blockchain SUI Network (SUI) is one weekly close away from taking off. “SUI is on the cusp of a breakout from its macro triangle. It is one weekly close above the diagonal resistance away from kickstarting trend continuation to the upside. SUI continues to be a…