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Verge (XVG), a privacy-focused cryptocurrency, has experienced an astonishing surge of over 500% since the past week, signaling a potential revival of “dinosaur coins” in the crypto market. A shift in market sentiment Verge (XVG), a privacy coin, has increased more than 500% over the past week, according to data from CoinGecko. This significant increase is part of a broader trend where older cryptocurrencies, referred to as “dinosaur coins,” regain attention and value in the crypto market. First introduced in 2014, verge gained popularity during the bitcoin-driven bull run of 2017. Its unique selling proposition is providing a fast, efficient, and privacy-focused blockchain for transactions. However, in recent years, newer and trendier tokens have overshadowed verge and similar cryptocurrencies. It’s worth noting that Binance, the world’s largest centralized crypto exchange, recently reversed its decision to delist several privacy coins, including XVG, in...

The price of STX has been on the rise becasue of the new Ordinals Protocols. It is a new protocol that allows NFTs to be stored on the Bitcoin blockchain . advertisement Stacks (STX) Bags Inflows In the last two weeks, Stacks noted a massive price surge, but today, the altcoin exploded and rose by 66.84%. In doing so, the coin marked a local top of $0.6831. But the bullishness over the last 30 days combined with the cues from the broader market is the actual reason behind this rise. Source – CoinMarketCap According to data from the crypto market tracker CoinMarketCap, STX has observed rising bullishness since the beginning of this year, after successfully marking a bullish crossover on the day before. In the past four weeks, the token has surged nearly 120%, putting it among the top-performing cryptocurrencies so far. Transaction Volume Soars by 500% Stacks (STX) is currently ranked the 52nd-largest digital asset by market capitalization, but...

Bitcoin is searching for stability in the $25,000 zone, meanwhile, HBAR, OP, INJ and RUNE price looked primed for further upside. Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level. The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week. The S&P 500 Index fell 2.1% and the Nasdaq Composite dropped about 2.6%, both indices recording a three-week losing streak. This suggests that traders are in a risk-off mode in the near term. Crypto market data daily view. Source: Coin360 The fall in Bitcoin dragged several altcoins lower, indicating a broad-based sell-off. However, amongst the sea of red, there are a few altcoins that have stood out either by bouncing off strong support levels or by continuing their up-move. Let’s study the charts of the top-5 cryp...

XRP price rallied in excess of 100% after Ripple’s victory last week, but do fundamentals support a move to $1 and beyond? XRP (XRP) price booked an incredible 100% gain on the same day as the landmark ruling in the XRP securities case, but buyers are now struggling to hold on to these gains.  The price surge came after judge Analisa Torres of District Court of the Southern District of New York ordered that XRP sale to retail investors does not qualify the token as a security in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple. While the trading interest in XRP is reviving, the technical and network usage data hint at a short-term pullback. Traders flock to XRP but network growth stalls According to Coinglass data, the open interest volume for XRP futures contracts, which represents the total value of open bets for the asset, surged to its highest point since November 2021, reaching $1.19 billion on July 20. XRP future open interest volume. Source: Coinglass X...

Bitcoin bulls have failed to step in, increasing the chance for a retest of the $29,500 support. Bitcoin (BTC) remains stuck inside a narrow range, making it difficult to predict the direction of the next possible breakout. The United States dollar index (DXY), which generally moves in inverse correlation to Bitcoin, dropped below 100 but that has failed to propel Bitcoin higher. This suggests that Bitcoin is charting its own course in the near term. Therefore, the earnings season from big companies this week may sway the U.S. equities markets but may not have the same effect on Bitcoin. It is becoming increasingly difficult to pinpoint the event or the news flow that will cause Bitcoin’s price to escape the range. Daily cryptocurrency market performance. Source: Coin360 The uncertainty about Bitcoin’s next directional move has not deterred the whales. CryptoQuant’s contributing analyst SignalQuant highlighted that the on-chain indicator, the unspent transaction outputs, has been risi...

Bitcoin market dominance briefly dipped below 50% as altcoins deemed securities by the SEC notched double-digit gains. Bitcoin (BTC) dominance has taken a tumble in the wake of Ripple’s partial victory against the United States Securities and Exchange Commission, with a surge in altcoin prices briefly causing BTC dominance to fall under the 50% mark.  Bitcoin dominance — the measure of how much Bitcoin makes up of the total crypto market cap — fell to 49.76% during Asian trading on July 14, according to Tradingview. Just weeks earlier, BTC market dominance finally managed to rachet above 50%  after a dry spell of two years, amid a slew of applications for spot Bitcoin ETFs from major financial firms. Over the last 24 days, Bitcoin dominance had been hovering around 51% and 52%. BTC market cap dominance. Source: Tradingview The recent dip in Bitcoin dominance comes as the crypto community is chanting the return of “altcoin season.” Boosted by Ripple’s court victory the XRP token s...

BNB Beacon Chain mainnet is set to undergo the "ZhangHeng" hard fork around July 19, which will bring new upgrades aimed at improving security. The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met. In a July 12 statement from BNB Chain, the “ZhangHeng” upgrade is expected to take place at block height 328,088,888, which it expects will occur on July 19. Important information about our latest upgrade ️https://t.co/4sJkTJbGeZ — BNB Chain (@BNBCHAIN) July 12, 2023 The hard fork will introduce Binance Evolution Proposal BEP-255, which seeks to implement "on-chain asset reconciliation" — which Binance believes could mitigate damage from potential cross-chain bridge exploits such as the Binance Smart Chain exploit on Oct. 7, 2022.  "Although some enhancements have been made to improve cross-chain security, ...

PEPE quietly pulled off a 100% rally earlier this week, raising questions on whether the frog-themed memecoin will become a serious Dogecoin competitor. A few months ago Pepecoin came and went, bringing quick, unimaginable riches to early investors and turning latecomers into reluctant bag holders. While the chart resembles the standard crypto pump-and-dump scheme, Pepecoin’s (PEPE) price action this week suggests that the frog-themed token could be the newest contender to Dogecoin (DOGE) in the memecoin sector. Dogecoin has dominated the memecoin space for years. Many copycats of dog-themed tokens, like Shiba Inu (SHIB) and Floki (FLOKI), have challenged DOGE’s position over the years but eventually faded. SHIB briefly surpassed DOGE in market capitalization after rising 1,000% to a peak valuation of $41.1 billion on Oct. 28, 2021. At the time, Dogecoin’s market capitalization was $31.5 billion. However, the near-vertical rally faded in the following weeks, and Dogecoin reclaimed i...

Historical data shows that apart from a few times since 2015 when altcoins outperformed BTC, a ‘Bitcoin only’ investment strategy has fared considerably well. Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities. Many-a-time specific altcoins post handsome gains that surpass Bitcoin (BTC), popularly known as altcoin season. However, K33 Research analysis shows over the long-term, ‘Bitcoin only’ has been a better investment strategy than an altcoin portfolio. Altcoin portfolio underperformed Bitcoin over the long run Bitcoin has had three consecutive bull and bear market cycles, starting in 2013 with the latest one coming in 2021. In each cycle, Bitcoin’s price rose parabolically in a very short span, usually a few months, after surpassing the peak of its previous cycle. In 2013, BTC peaked around $1,175 and after that followed a downtrend for two years. At the time, the altcoin market was in its nascent ...

Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon. On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced out flows totaling $5.1 million last week. The out flows contributed to the continuation of a nine-week streak of out flows , resulting in a cumulative total of $423 million. Weekly crypto asset flows. Source: CoinShares The report noted that despite this downward trend, there was a glimmer of hope toward the end of the week, as news emerged that BlackRock, one of the world’s largest asset managers, had submitted an application for a Bitcoin (BTC) exchange-traded product (ETP) in the United States. This development resulted in minor inflows; however, they were not significant enough to offset the earlier outflows observed during the week. As a consequence, the streak of outflows persisted. Examining the regional breakdown, the ...

MATIC Token Sell Off Over the past 15 hours, a prominent whale with links to Robinhood, Jump Trading, and Cumberland has conducted sizable MATIC token transfers across multiple exchanges. The total deposited amount stands at a significant 9.4 million MATIC tokens, with 9 million going to Binance and 5 million tokens to Coinbase. These transactions indicate substantial whale and institutional activity, suggesting a potential coordinated effort to sell off MATIC holdings. The influx of MATIC tokens onto exchanges by whales and institutions has coincided with a noteworthy price decline. In just 16 hours, the price of token has dropped by approximately 29%. The large-scale selling pressure generated by the deposited tokens has resulted in a swift depreciation of value. Adding to the already concerning scenario, Whale Alert has reported a substantial transfer of 46,908,173 MATIC tokens, worth approximately $32,595,499, from BinanceUS to an unknown wallet. Recommended ...