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The Sun (NEW) price soared 21% in the last 24 hours to trade at $0.03575 as of 10:05 p.m. EST on trading volumes that skyrocketed 78% to $342 million. This comes despite the meme coin market being down 1% to a $41 billion market capitalization. Sun (NEW) Price To Continue Soaring According to GeckoTerminal data, the Sun (New) price has been on a sustained rally since its launch, hitting an all-time high (ATH) of $0.0440 . Despite a slight downtrend on August 25, the bulls have recovered to keep the price trading within the rising channel pattern, aiming to propel the price of Sun (New) even higher. SUN trades above the 50-day Simple Moving Average (SMA), which supports the bullish trend and could encourage the bulls to sustain the bullish rally. Moreover, the Relative Strength Index (RSI) is soaring past the 50-midline level, currently at 56, which shows that the asset is under intense buying pressure. SUNUSD Chart Analysis Source: GeckoTerminal.com If the buying pre...

XRP is one of the leading cryptocurrency tokens in the crypto market. With the token’s recent win against the US SEC, market anticipations concerning XRP have started to run high, fueling hopes of XRP breaching the critical $1 mark. However, for the token to enter a bullish realm, it must first break past the critical barrier of $0.75. Will XRP be able to establish a new ATH this weekend? Also Read: AI Sets Shiba Inu (SHIB) Weekend Price (August 31st-September 1st) XRP To $27? One Expert Thinks So Source – Coinpedia Notable crypto analyst Egrag Crypto has made an ambitious price prediction. The analyst pointed out that XRP can surge as high as $27 once it crosses the critical price barrier of $0.75. The data uploaded by the analyst was supported by Fibonacci metrics, indicating the seriousness associated with the prediction. XRP is trading at $0.56 at press time, down 1% in the last 24 hours. Egrag Crypto later pointed out a crucial price element. While explaining his Analys...

The cr͏y͏ptocurrenc͏y wo͏r͏ld is ͏abuzz͏ with excitement over the lat͏e͏st trending me͏me coins . These digita͏l assets co͏mbine inte͏r͏net cul͏ture wit͏h block͏chain tec͏hn͏ol͏o͏gy͏, o͏fferin͏g ͏uniq͏ue inv͏estm͏ent opp͏ortunities. The objecti͏ve͏ is to identify trending͏ ͏mem͏e ͏c͏oi͏ns and inform invest͏o͏rs and traders about each token. ͏Innovative featu͏res li͏ke Layer 2 solut͏ions͏ an͏d IP righ͏ts reshape͏ t͏he meme͏ coin ͏landscape. These ad͏van͏cement͏s promise fa͏ster͏ t͏r͏ansact͏ions, higher ͏rewards, ͏an͏d real-w͏orld b͏ran͏d ͏conne͏ctions.͏ A͏s t͏he m͏arket evolves, meme c͏oi͏ns contin͏ue to push the b͏oundari...

Stablecoins: Mechanisms and Their Role in Crypto! In the rapidly evolving world of cryptocurrency, where volatility is a common trait, stablecoins have emerged as a beacon of stability. Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, which can experience significant price fluctuations within short periods, stablecoins are designed to maintain a consistent value. This unique characteristic makes them an essential component of the digital asset ecosystem, providing a bridge between traditional finance and the world of crypto. Understanding Stablecoins Stablecoins are digital assets that are pegged to the value of a stable asset, such as a fiat currency (e.g., the US dollar), a commodity (e.g., gold), or even a basket of assets. The primary goal of stablecoins is to combine the benefits of cryptocurrency—such as decentralization, transparency, and ease of transfer—with the price stability of traditional financial instruments. There are several types of stablecoins, each u...

Dogecoin has fallen below $0.10, which isn’t good for investors. This Dogecoin price drop made some waves in the crypto community. Many wonder about its future and what this means for the crypto market as a whole. The Dogecoin price movement reflects broader market trends. Let’s dive right in and see the details. Also Read: Altcoin Comeback: Helium, Aave, and More Set to Soar! Navigating Dogecoin’s Dip: Market Analysis, Risks, and Future Outlook Recent Price Performance Dogecoin is struggling to stay above $0.10 levels but this isn’t unique to Dogecoin. Many altcoins unfortunately have very similar issues. The crypto market has been shaky lately. The main culprit for this is the latest economic factors. Technical Analysis Source: TradingView Market Analysis shows key support levels for Dogecoin at $0.088 and $0.086. These match Fibonacci retracement levels. Traders are watching these closely to figure out their next steps Resistance is at $0.0915 and $0.10. To break through, Doge...

The U.S. dollar fell to a dangerous low this week as the DXY index showed the currency plummeting to 100.70. Leading local currencies have performed fairly well against the USD this month taking the top spot in the forex markets. The Indian rupee, Chinese yuan, and the Japanese yen have briefly surged against the USD this week. This comes at a time when BRICS is looking to topple the U.S. dollar as the world’s reserve and replace it with local currencies. Also Read: BRICS: Russia To Officially Use Cryptocurrency For Trade Settlements Read here to know how many sectors in the U.S. will be affected if BRICS ditches the dollar for trade. Leading U.S. analyst Peter Schiff has warned that the dollar could fall below the 90 mark in the DXY charts igniting an economic crisis. He explained that the USD could “easily” dip below 90 points following a major crash in the stock markets. Also Read: BRICS: Payments in Chinese Yuan Surpasses the US Dollar by 2.5% BRICS: U.S. Dollar ...

Qubic, a Quorum-based distributed ledger technology platform, has launched Project X, a new initiative designed to foster sustainable long-term growth, as disclosed to Finbold on August 27. The project introduces a series of enhancements aimed at balancing emissions, boosting earnings, and empowering community-driven development. Building a more sustainable Qubic ecosystem  Project X is expected to benefit Qubic users, developers, community members, and partners alike.  Picks for you Imminent breakout? XRP whales go on $30 million buying spree in 24 hours 6 mins ago Pavel Durov’s net worth revealed: How rich is the co-founder of Telegram? 31 mins ago ...

Coinbase’s layer-2 Base network surpassed 1 million daily active addresses following a surge in the number of new “basenames” created on the blockchain. The network set a new daily active address record of 1.05 million on Aug. 24, according to data from Dune Analytics . This increase marks a 60% uptick in the number of daily active addresses since the start of the month. Since reaching this peak, the number of daily active addresses has fallen to 401,936. Daily Active Address Record Comes Amid A Surge In Trading Activity The surge in the number of daily active addresses follows the Aug. 21 launch of the “basenames” service on the layer-2 network. Within just the first week of this naming service going live, more than 200K new Base.eth usernames were minted on the chain. to be clear, it's still day one. 1B+ basenames or bust. https://t.co/iKyBLeU1Fa — jesse.base.eth (@jessepollak) August 26, 2024 Along with the increase in basenames, the netw...

The cryptocurrency market witnessed a sudden turnaround over the weekend. Bitcoin (BTC) briefly surpassed the $64,000 mark but has since fallen to the mid-$63,000 level. The Solana-based meme coin Popcat (POPCAT) is one of the best-performing cryptocurrencies among the top 102 projects. The asset has rallied by 4.3% in the last 24 hours, 93.4% in the weekly charts, and more than 47% in the 14-day charts. POPCAT continues to glow red in the monthly charts, falling 17.4% in the previous 30 days. Also Read: Ripple: AI Predicts XRP’s Price For September 1, 2024 Factors Driving the Rally and Future Predictions The current market resurgence, including the Solana-based meme coin, could be due to the Federal Reserve’s dovish economic policy stance. Fed chair Jerome Powell announced that the central bank will start cutting interest rates by September 2024. An interest rate cut will likely boost investor confidence in pouring money into risky assets like cryptocurrencies. Also Read: Shiba I...