Altcoin

Many Large Cap Altcoins Are Undervalued: Intelligence Firm

Santiment’s latest tweet shared that many large-cap alts are currently undervalued. XRP, DOGE, MATIC, SHIB, LINK, ADA, and UNI were all determined to be undervalued. Meanwhile, the firm classified BTC, ETH, and BNB as overvalued. In a tweet published yesterday, Santiment, the blockchain intelligence firm, noted that many altcoins are currently undervalued and predicted that they may rally in the next few weeks. According to th...

INJ Gains While the Majority of the Market Prints Losses

Injective (INJ) was one of the few cryptos trading in the green at press time. The altcoin was trading at $7.85 following a 0.28% gain in the past 24 hours. Technical indicators suggested that INJ would retest the next key resistance level in the next 48 hours. Injective (INJ) was one of the few cryptocurrencies that was able to print a gain over the past 24 hours. At press time, the altcoin’s price stood at $7.85 following a 0.28% ...

Celsius Network’s Massive ETH Staking Causes Delays In Ethereum Queue

Celsius engaged in $800 million ETH staking initiative, causing delays in Ethereum validator queue. The company deposited $745 million worth of ETH into staking contracts, expanding waiting period. Celsius Network faced financial insolvency, leading to restructuring efforts and acquisition by Fahrenheit. Celsius Network, a crypto lending platform that is facing financial insolvency, recently engaged in an ETH staking initiativ...

Significant Alt Market Breakout Coming Soon, Predicts Trader

Crypto Tony recently forecasted a significant breakout for the altcoin market. The ETH/BTC ratio was able to break out of a wedge chart pattern over the past 48 hours. At press time, BTC’s market dominance was down 0.04% according to CoinMarketCap. The trader and analyst Crypto Tony predicted a significant altcoin market breakout in a tweet yesterday. In the post, he shared a snapshot of the daily chart for ETH/BTC, which show...

Here Are the Top Gainers on CoinMarketCap in the Past 24 Hours

Injective, Filecoin, Aptos, WOO Network, and PancakeSwap top the gainers’ list on CoinMarketCap. Injective (INJ) tops the list with a profit of 12.01% in the last 24 hours. The total circulating supply among the top gainers ranges between 1.7 billion and 80 million coins. Here are some coins that have made it to the list of top gainers on CoinMarketCap, ​​one of the leading cryptocurrency data providers, in the last 24 hours. ...

TikTok Meme Coin Rally on Breaks Records; #Memecoin Interest Hits ATH

TikTok has become a significant platform for crypto meme coin enthusiasts. Meme content on the platform reached an all-time high during the May 2023 rally. Gen Z dominates the #memecoin trend on TikTok, followed by millennials. Recent data illustrates that TikTok has emerged as a powerful platform for crypto enthusiasts, particularly those interested in meme coins. According to data from CoinGecko, TikTok interest in crypto...

Massive XRP Token Release: 1B Tokens Unlocked from Escrow

Ripple’s escrow system unlocks 1 billion XRP tokens on June 1. The Escrow system was created back in December 2017. Ripple initially placed 55 billion XRP in escrow accounts. Ripple Labs unlocked 1 billion XRP coins from their escrow. The unlocking process took place through three separate transactions on June 1, as reported by Whale Alert. The first transaction involved the release of 300 million XRP tokens at exactly 00:00 A...

TRON Blockchain Sets New Record with 10.9 M Daily Transactions

TRON achieved a new record high in daily transactions. The network hit 10,935,762 transactions processed, defying the crypto winter. TRON sets an ambitious goal to double transaction volume in the coming year. Despite the ongoing crypto winter, the TRON (TRX) blockchain achieved a remarkable milestone yesterday, reaching a new all-time high in daily transactions with a staggering 10,935,762 transactions processed. Justin Su...

Solana Labs Unveils v1.14 Upgrade, Bringing Enhancements to Network

Solana Labs announced 97.4% adoption of the v1.14 upgrade by stakeholders. The release brings enhancements to the Solana network user experience and performance. Raj Gokal compares Solana’s potential to Apple’s focus on user experience and performance. On May 31, Solana Labs announced that 97.4% of the stakeholders had embraced the v1.14 upgrade of the validator client. The platform published a blog unveiling what v1.14 unlock...

Kusama (KSM) Leads the Way in Development Activity in May

Santiment recently tweeted the projects that pushed the highest number of notable Github commits in May. Kusama (KSM) outperformed both ADA and ETH in terms of development activity in the last month. In related news, ADA, ETH and LINK all printed 24-hour losses according to CoinMarketCap. Santiment, the blockchain intelligence firm, recently tweeted the most noteworthy projects in terms of Github commits over the past month. E...
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