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TON-Hashkey Alliance Expands Cryptocurrency Access Globally Amid Market Surge

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TON Foundation, the driving force behind the innovative Telegram Open Network (TON) blockchain, has forged a strategic partnership with HashKey Group, a leading digital asset financial services firm based in Hong Kong. This collaboration aims to enhance accessibility to fiat on- and off-ramps for users of the Telegram wallet, while also fostering support for early-stage projects within the foundation.

Livio Weng, the Chief Operating Officer of HashKey Group, expressed the shared vision, stating,

“By streamlining the fiat on-and-off ramp experience, we aim to make cryptocurrency a seamless part of everyday life, driving forward accessibility and innovation within the TON ecosystem.”

This commitment underscores the importance of facilitating effortless transactions in the digital asset space, propelling mainstream adoption.

Moreover, the Foundation is exploring treasury management options with HashKey Group, signaling a deeper integration of financial infrastructure within the crypto ecosystem. This collaboration not only strengthens the operational framework but also underscores the commitment to sustainable growth and development.

HashKey Group’s recent expansion initiatives in Asia, including the co-organization of the Web3 Festival conference and the launch of its global crypto exchange, further solidify its position as a key player in the digital asset landscape. The unveiling of its Ethereum Layer-2 chain underscores its dedication to technological innovation and scalability.

Ton’s Market Action

In parallel with these developments, Toncoin (TON) had witnessed a remarkable surge, nearing its all-time high of $5.8 recorded in November 2021. This resurgence, fueled by positive project developments and the association with Telegram, has propelled the token to the eleventh position in market capitalization, exceeding $18 billion. The widespread adoption of Telegram as a messaging platform contributes to TON’s growing popularity, amplifying its reach across diverse user bases, as reported by TWJ.

The recent announcement regarding the Kaspersky Securities partnership and the anticipation surrounding a potential $30 billion valuation have further bolstered investor confidence in the long-term prospects of the token. Additionally, the introduction of perpetual futures trading on Binance, coupled with plans to incorporate the token trading, reflects the growing demand and interest in the TON ecosystem.

As TON continues to evolve and expand its ecosystem, partnerships like the one with HashKey Group play a pivotal role in enhancing accessibility, liquidity, and overall user experience. These collaborative efforts underscore the collective commitment to driving innovation and mainstream adoption in the dynamic world of digital assets.

Whales Boost Ethena’s $ENA Value with Strategic Staking in Season 2

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The launch of Ethena’s second staking program sparked a surge­ in cryptocurrency transactions, with prominent investors spe­arheading the activity. This heighte­ned participation carries bene­ficial implications for ENA’s prospects, potentially bolstering its value­ and reinforcing investor confidence­.

Since the program’s inception, a marke­d increase in ENA token transfe­rs has been observe­d. Ten major token holders have­ collectively withdrawn over 1 million ENA toke­ns each from exchanges, amassing a substantial 37.5 million toke­ns (valued at approximately $51 million) for staking purposes. 

Notable transactions indicate­ strong investor confidence in ENA’s pote­ntial. A wallet labeled “0x523b” not only withdre­w existing ENA holdings but also invested a significant amount, spe­nding $1.6 million to purchase an additional 1.16 million ENA tokens at $1.39 each. This substantial inve­stment shows a firm be­lief in ENA’s prospects and a desire­ to capitalize on the bene­fits of the staking program.

The trend e­xtends beyond major investors alone­. Reports reveal that thre­e whales rece­ntly withdrew a combined 11.9 million ENA tokens, value­d at $15.23 million, from the prominent cryptocurrency e­xchange Binance. These­ funds were subseque­ntly directed towards staking, signifying a broader marke­t interest in Ethena’s Se­ason 2 offerings within the past two days.

Staking digital assets is gaining traction as a viable­ investment approach. Passive income­ streams like Ethena’s staking re­wards entice investors. Promine­nt figures embracing this strategy could attract more­ participants seeking comparable re­turns. The growing interest in staking highlights its re­cognition as a valuable investment strate­gy.

Ethena Season Staking Fuels Market Momentum

The substantial transfer of $ENA tokens from e­xchanges to staking wallets may restrict marke­t supply. Combined with rising demand driven by Ethe­na Season 2’s popularity, this scarcity could potentially increase­ the cryptocurrency’s price.

However, remembe­ring the cryptocurrency market’s volatility is crucial. Although the­ trend suggests a positive outlook for ENA, e­xternal factors can still affect its price. Long-te­rm investors may likely bene­fit, but short-term gains are not guarantee­d.

ENA’s Season 2 staking program has generate­d significant market buzz. Major investors’ participation and the growing adoption of staking as an inve­stment strategy point towards a promising future for ENA. Price­ fluctuations are natural in the cryptocurrency landscape­, but the current momentum sugge­sts a potential long-term upswing for ENA.

Related Reading | Ethereum ETF Approval Odds Plummet by 35% Amid Regulatory Doubts

Ripple Dives Into Stablecoin Waters, Brings Institutional Focus

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Ripple is making waves again, this time with its foray into the stablecoin realm; the company has announced plans to unveil a stablecoin of its own which will be a digital asset pegged to the US dollar at 1:1 ratio. This move is set to fill the gap between traditional finance and the emerging crypto space.

Accordingly, as per Ripple, their stablecoin will have a strong reserve consisting of USD deposits, short-term US government treasuries and other cash equivalents. Remarkably enough, the company assures that it’s full transparency by subjecting its reserve assets to rigorous monthly audits by reputable third-party accounting firms.

The strategic move was also expressed confidently by Brad Garlinghouse, Ripple’s CEO, with reference to the increasing need of trust, stability and utility provided by stablecoins. The aim of Ripple is to tap into this lucrative landscape since it is expected that stablecoin market will reach $2.8 trillion in 2028.

In an interview, Ripple’s CTO, David Schwartz, emphasized the solidity of their approach, stating, “What we think is going to be our differentiator is going to be the fact that the assets are going to be in dollars, Treasuries – rock solid.” He stressed that the company’s focus on long-term growth and stability would rather opt against short-term profits from trade.

However, the company considers this move as business sense amidst its ongoing litigation with the US Securities and Exchange Commission (SEC). According to Schwartz, the companies would find an offering of stablecoin products very attractive especially when interest on credit is low.

Ripple’s Vision And Impact

Moreover, Ripple intends to revive the decentralized finance (DeFi) ecosystem using XRP Ledger’s capabilities. Monroe Long, President at Ripple, stressed that XRP Ledger, as well as Ethereum blockchains, are central in facilitating wide adoption of the stablecoin across different ecosystems.

Its stablecoin is built on an infrastructure that meets the needs of businesses in terms of being concerned about compliance and its ability to be traded on decentralized exchanges. The company has a vast range of licenses as well as transparent reserve practices which makes it clear that its commitment is full regulatory compliance.

The company’s stablecoin will facilitate new possibilities for institutional and DeFi applications. By doing this, liquidity and innovation between blockchain platforms would develop. With multichain compatibility and a transparent reserves system, Ripple wants to define a new era of stablecoins.

Related Reading | Ethereum Layer2 Market Primed for Explosive Growth: VanEck Report

NEAR Protocol (NEAR) Poised for Significant Upward Move: Analyst Eyes $10

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NEAR Protocol (NEAR) has recently made headlines among cryptocurrency enthusiasts, indicating a possible upward trend that caught investors’ attention. NEAR demonstrated enormous strength over the last month, skyrocketing by nearly 58%. This rally signifies increasing faith in the project’s fundamentals and market position. Nevertheless, NEAR encountered a minor setback, with just a 3.5% drop observed within the week.

At the time of writing, NEAR Protocol is trading at $6.67, boasting a significant 24-hour trading volume of $1.08 billion and a market capitalization of $7.03 billion. Despite the modest 0.12% increase within the last 24 hours, NEAR’s trading volume and market capitalization underscore its growing prominence and attractiveness to investors seeking exposure to promising blockchain projects.

NEAR 1D graph coinmarketcap 2
Source: CoinMarketcap

NEAR Potential to Reach $10: Analyst Says

Despite this correction, many participants are still looking at NEAR’s situation optimistically because there is an ongoing process of shaping up; much more interestingly among those watching closely is World Of Charts- a renowned crypto analyst who shared his bullish perspective on the token’s future price course. 

The analyst draws attention to a bullish pennant pattern that could lead to a breakout, suggesting an expectation for prices to surge. This would create a bullish wave that could push NEAR to its milestone of $10. Such analysis creates hope around prospects for NEAR, thus adding fuel to growth sentiments across social media platforms.

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NEAR short-term Price Forecast

Changelly has provided a recent forecast for NEAR’s price movement, projecting a notable increase of 13.64% that would see NEAR reaching $7.58 by April 6, 2024. The technical indicators provided by Changelly further reinforce the bullish sentiment surrounding NEAR, with an impressive 89% confidence level in its upward trajectory. Moreover, the Fear & Greed Index, reflects a score of 70, indicating a prevailing sense of greed among investors.

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NEAR Protocol (NEAR) Poised for Significant Upward Move: Analyst Eyes $10 4

Experts in cryptocurrencies state that, according to historical prices and market analysis, an average NEAR price will be $9.99 by April 2024. This prediction allows for some fluctuation and so NEAR would range between $10.06 and $9.92.

Such projections are useful for investors as they aid them in making better decisions about their investments and gauging the possible returns on investment. Here, the projected ROI stands at an attractive 43.1%, which adds more weight to NEAR’s status as a cryptocurrency investment opportunity.

Related Reading | Ethereum Layer2 Market Primed for Explosive Growth: VanEck Report 

Federal Reserve (Fed) Officials Debate Interest Rate Cut Amidst Economic Data Uncertainty

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In a recent report by Reuters, Federal Reserve (Fed) officials, led by U.S. central bank chief Jerome Powell, have emphasized the necessity for further discussion and data analysis before making any decisions on interest rate cuts. This deliberation comes at a time when financial markets anticipate a rate cut as soon as June.

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Fed Officials’ Divergent Views

Powell, speaking at the Stanford Graduate School of Business, highlighted that recent data on job gains and inflation has surpassed expectations. He reiterated the Fed’s stance that while rate cuts may be warranted later in the year, they would only occur when there is increased confidence in sustainable inflation movement towards the Fed’s 2% target.

Despite the consensus on potential rate cuts, questions loom large as to the timing and extent of such actions. Atlanta Fed President Raphael Bostic suggested that rate reductions might not be appropriate until the fourth quarter of the year. His outlook contrasts with that of most of his colleagues, envisioning only a single quarter-percentage-point cut in 2024.

While other Fed officials, such as Fed Governor Adriana Kugler, echoed concerns about the erratic nature of recent inflation trends, they remained cautiously optimistic about the prospects of disinflation. Kugler hinted at the possibility of rate cuts later in the year, contingent upon further developments in inflation and labor market conditions.

Powell’s recent remarks at the Stanford event echoed his previous statements, refraining from unveiling any new policy directions. He emphasized the need for data-driven decisions, with upcoming economic indicators pivotal in shaping the Fed’s policy meetings scheduled for April and June.

Market Uncertainty Fuels Bond Sell-off

According to a recent report, investor sentiment, however, appears to be divided. The bond market witnessed a sell-off, driving yields on the benchmark 10-year Treasury to their highest level in over four months. This shift in sentiment stems from stronger-than-expected economic data, leading some investors to question the necessity of aggressive rate cuts.

PIMCO, a prominent investment company believes that inflation will stay above the Federal Reserve’s target and this might lead to slower cuts on rates of interests. Concerns linger over the state of US finances as public debt continues to rise and geopolitical tensions add fuel to market volatility.

The bond market keeps fluctuating as investors are waiting for key economic data such as employment situation and consumer price indices. The strategies used by investors to mitigate risks due to higher yields vary, some are cautious, while others see opportunities in uncertainties.

Thus, the debate within the Federal Reserve is indicative of how intricate the interplay between economic indicators and market expectations can be. Hence, in order for stakeholders to get clarity, there has to be a subtle understanding of ever-changing dynamics in the economy.

Related Reading | Ethereum’s Q1 2024 Growth: Financial and Network Expansion Drive Momentum

Cardano Founder Unmasks Poll Bias Amid ADA Win

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Charles Hoskinson, founder of the Cardano blockchain, has evoked community attention with his remarks on a recent poll where the smart contract platform was placed second behind MultiversX in the best layer-1 solution category. Dismissing the poll as engineered, Hoskinson dropped the bombshell, alleging that the organizers intentionally excluded many projects and individuals from participation. Despite this, he asserted that Cardano always wins in fair votes, suggesting that its popularity surpasses that of Ethereum, Solana, and Binance Coin, despite their higher market caps.

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Cardano Founder Unmasks Poll Bias Amid ADA Win 7

I love how people are getting hyped up about this poll. It was engineered to produce an outcome prior to a single vote being cast. The organizers are associated with the winners. They won’t even allow people to enter custom fields thus many projects and people were left off. One thing is clear. If it’s a fair vote, Cardano always wins.

The other day, Cardano content creator Big Pey drew the community’s attention to a potential collaboration between SpaceX and a Cardano-related project. The gossip mill went into overdrive after community members dug out pictures from multiple news coverages, looking for every possible hint.

Cardano & SpaceX Secret Collab Rumors

As Pey’s post gained traction, ADA members continued to weigh on the tantalizing possibility. One user suggested that the partnership between SpaceX/Starlink and the WorldMobileTeam is not a mere coincidence but an “indisputable fact.” He also shared a few pictures of what seemed like the World Mobile Team and Elon Musk’s Starlink running a successful pilot scheme together to bring fast, affordable internet to a remote region of the United Kingdom.

Additionally, recent sightings of aerostats at the SpaceX Starbase and WorldMobile’s confirmation of an official aerostat launch in the works have added to the intrigue.

While these developments are undoubtedly fascinating, only time will tell whether this speculative collaboration will materialize into a game-changing reality. If the speculation holds, it could have far-reaching implications not only for the Cardano ecosystem but for the entire crypto market. The alleged collaboration could catapult the involved projects to new heights, including the possibility of unprecedented adoption and price appreciation.

BNB Remains Resilient Amid Regulatory Scrutiny, Hits Record Highs: Report

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With governments around the world increasingly targeting cryptocurrencies, it is amazing how Binance’s BNB coin has managed to thrive despite persistent regulatory issues. Even though it is greatly scrutinized, especially in Nigeria, Binance, the biggest cryptocurrency exchange platform in the world, has managed to keep its flagship coin, BNB, afloat and has shown growth signs.

While Bitcoin price floats at around $66,000, Binance coin has been a mover reaching above the $600 line. This increase points to a possible rethinking of its upper resistance levels, and something watched closely after a few technical improvements last week that strengthened its market position.

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BNB Remains Resilient Amid Regulatory Scrutiny, Hits Record Highs: Report 9

BNB Chain Explodes: Platform Unveils Explosive Q1 Growth

The BNB Chain is addressed in a recent X post by Coin98 Analytics. The first quarter of 2024, surfacing explosive growth is the driving factor of Binance Coin. The analysis reveals a story of success where all major indicators rate shoot up by over 70%, as compared to the previous quarter, which indicates an increase in investors’ confidence.

Particularly, the Binance coin trading volume has grown to rather high levels showing increased investor interest in the coin and stability at its value proposition. In addition, the number of Binance coin holders now surpassed an impressive 113 million, further highlighting the rallying support of a growing community for the cryptocurrency.

Looking into BNB Chain’s operational metrics further, the report dwells on a steady increase in active users, with daily engagements exceeding 1.3 million addresses. This vibrancy is also reflected in the turnover, which has almost touched 378 million during the first quarter only, and helped create over 22 million new addresses. These numbers emphasize the rapid popularity that the platform has gained and the solid infrastructure that it possesses to deal with such a scale.

The report also reveals the Total Value Locked (TVL) in the BNB Chain that reached more than $6.3 billion by the end of the quarter. This remarkable number represents the increased trust and usage of the platform, thus, strengthening BNB Chain’s financial solidity.

Other than the financial success, the BNB Chain has gone ahead to claim a slice of the Non-Fungible Token (NFT) area. Having minted more than 9.7 million NFTs, with sales volume that has tripled, the BNB Chain continues to deepen its dominance as a nexus of creativity and trading of digital assets.

Despite the tough regulatory environment globally, Binance coin demonstrated its resilience and impressive performance of BNB Chain in the first quarter of 2024, which is strong evidence of the platform’s strength and potential for growth.

Crypto Saga: KuCoin’s Conundrum & Bitcoin’s Halving Hype

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Kucoin has become entangled in legal disputes that have had notable impacts on its operations. As reported by Kaiko, Kucoin faces allegations from the Department of Justice (DOJ) for purportedly breaching anti-money laundering regulations, alongside a lawsuit from the Commodity Futures Trading Commission (CFTC) regarding its Ethereum margin trading activities.

Legal Challenges in the Crypto Sphere

These legal issues have led to a significant number of traders leaving the platform thereby causing an immense decrease in trading volume as well as market share. Kucoin experienced a sharp drop in daily trading volume from around $2 billion to $520 million after lawsuits had been filed on March 26th. Its market share also dropped by more than half, falling from 6.5% to below 3%.

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Crypto Saga: KuCoin's Conundrum & Bitcoin's Halving Hype 18

According to Kaiko’s Wallet data analysis, many people moved their assets out of Kucoin Exchange into other platforms such as Coinbase, Binance, OKX, MEXC, and Gate.io that they considered safe instead. Primarily consisting of USDT and ETH, over $600 million left did exit on March 26.

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Crypto Saga: KuCoin's Conundrum & Bitcoin's Halving Hype 19

The Department of Justice has accused Kucoin of involvement with Tornado Cash on the Ethereum blockchain. Yet it has been said that all stolen funds during Kucoin’s hack last year were “privatized” via Tornado Cash, highlighting its role in hiding illicit transactions.

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Crypto Saga: KuCoin's Conundrum & Bitcoin's Halving Hype 20

While Kucoin managed to maintain a stable market share during the previous year’s bear market, the current legal challenges and subsequent outflows pose significant obstacles to its future growth.

Crypto Market Dynamics and Regulatory Impact

Concurrently, the imminent Bitcoin halving event, scheduled to take place in just 15 days, casts a shadow over the cryptocurrency market. Historically, such events have led to varied short-term price responses but have generally resulted in bullish trends in the 9 to 12 months following the halving. However, this time, Bitcoin’s price is nearing all-time highs relative to previous halving events, presenting a unique scenario.

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Crypto Saga: KuCoin's Conundrum & Bitcoin's Halving Hype 21

Moreover, the approval of spot ETFs has altered Bitcoin’s supply-demand dynamics, potentially impacting its price trajectory during and after the halving. While ETF inflows have indicated a positive price impact due to reduced supply, the risk of rapid outflows remains, especially during periods of market turmoil.

The first quarter of 2024 witnessed a significant milestone for the cryptocurrency market with the introduction of 11 spot Bitcoin ETFs on major stock exchanges worldwide. This development led to a 64% surge in Bitcoin’s price and a total trade volume of $1.4 trillion for the quarter.

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Crypto Saga: KuCoin's Conundrum & Bitcoin's Halving Hype 22

It is worth noting that smaller Asian exchanges such as Bithumb, Korbit, Bitflyer, and Zaif saw notable increases in trading volumes, whereas platforms like OKX and Bybit also experienced significant growth. Consequently, Binance had less trade than its rivals despite offering zero-fee Bitcoin trades.

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Crypto Saga: KuCoin's Conundrum & Bitcoin's Halving Hype 23

The growing number of exchange pairs on major exchanges shows how traders are demanding more and how platforms are competing fiercely for customers. Although there were several leaders among those who listed new pairs for trade – Bithumb, Upbit, and Bybit – the overall number of new listings was lower compared to the level recorded till mid-2023.

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Crypto Saga: KuCoin's Conundrum & Bitcoin's Halving Hype 24

One interesting fact about Q1 2024 is that Bitcoin’s correlation with Altcoins hit multi-year lows as institutional funds flowed into Bitcoin due to spot ETFs introduction. As a result, altcoins have been hunting for liquidity resulting in reduced correlation. Influenced by market volatility and governance changes, tokens like UNI (Uniswap), RNDR, and SHIB saw their correlations dip significantly.

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Crypto Saga: KuCoin's Conundrum & Bitcoin's Halving Hype 25

Related Reading | CryptoRank Unveils Varied Crypto Market Trends Amidst Bitcoin Surge

Whales Acquire 184 Billion Shiba Inu Tokens Amid Crypto Market Selloff

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The crypto marke­t’s recent decline­ may have caused alarm for some­, yet large investors saw it as an opportune­ moment to acquire more asse­ts. This trend holds particularly true for Shiba Inu (SHIB), the re­nowned meme coin. The Data Nerd, an on-chain data analyst, re­veals that three ne­w whales accumulated an astonishing 184 billion SHIB tokens within the­ last 24 hours, as of April 3, 2024.

This significant purchase by large­ investors signals optimism for SHIB despite mute­d crypto trading. It suggests these whale­s perceive SHIB as unde­rvalued, following its recent dip to $0.000026. The­ Data Nerd platform analyzed these­ transactions, noting the whales’ Binance and Coinbase­ activity.

Breaking Down the Whale Purchases

Among the thre­e whales, a specific one­ possessing wallet address 0x5913 e­merges as distinct. This entity strate­gically acquired an immense quantity of 75.018 billion SHIB toke­ns, valued at around $2 million, from Coinbase through a serie­s of six transactions. Such a targeted purchasing approach indicates a calculate­d strategy aimed at capitalizing on the dip in SHIB’s value­.

In a significant move, anothe­r whale, identified by the­ address 0xf770, exhibited strong confide­nce in Shiba Inu’s prospects by acquiring a substantial 37.139 billion SHIB tokens worth ove­r $0.99 million from Binance in a single transaction.

This substantial purchase sugge­sts a firm belief in the cryptocurre­ncy’s future growth potential. Notably, the inve­stor with the address 0x6dFE adopted a similar approach to 0x5913, accumulating 71.832 billion SHIB, value­d at approximately $1.91 million, through four separate transactions on the­ Coinbase platform.

Shiba Inu’s Price Trajectory

Despite­ its captivating gains this year, SHIB’s price trajectory re­mains intricate. Though the meme­ coin flaunts an astonishing 350% surge in 2023, it lingers around 200% below its historic pe­ak. This rally chiefly emerge­d from crypto’s January resurgence and the­ ensuing meme fe­ver.

Despite the recent buying spree, Shiba Inu’s price trajectory remains intricate­. However, boasting an extraordinary 151% year-to-date surge­, the meme coin linge­rs around 70% below its historic peak. This rally arose from crypto’s broade­r January resurgence and subse­quent meme coin mania.

On a shorter time­frame, SHIB’s token value e­xhibited fluctuations. During the last day, its cost rose by 1.22%, pre­sently trading around $0.00002684. However, this upward move­ment came with reduce­d trading volume – a 23% dip, potentially signalling waning investor enthusiasm.

SHIB 1D graph coinmarketcap
Source: CoinMarketCap

While whale­s’ active trading might signify a positive market se­ntiment, it’s crucial to consider other factors. The rece­nt decline in trading volumes, couple­d with a price correction, indicates that marke­t participants are seeking additional confirmation be­fore re-ente­ring the market.

Looking beyond the­ short-term surge, Shiba Inu’s constant success de­pends on aspects like utility and advance­ments within its ecosystem. The­ recent spike in SHIB burn rate­ (a staggering 4000% rise in the past day) and growing inte­rest in SHIB futures on Binance are­ encouraging indicators. However, the­ir lasting effects remain unce­rtain, requiring further obse­rvation.

Related Reading | Restaking Unveils Ethereum’s Potential But Conceals New Risks: Coinbase Report

Crypto Analyst Reveals Top 10 Altcoin Gems Amid Market Correction

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The crypto market experie­nced a downturn, causing apprehension among ce­rtain investors. However, for the­ experience­d analyst Michaël van de Poppe, this revealed an opportune mome­nt for acquiring assets. In a recent se­ries of tweets, van de­ Poppe highlighted ten altcoins he considers as pre­senting “exceptional buying opportunitie­s” during the market’s corrective­ phase.

“Altcoin market capitalization has seen a correction, which ultimately leads to dip buying opportunities. However, taking a look at the broader scope of things, it doesn’t really show a large correction and there’s still way more to gain,” said Micheal.

The ove­rall cryptocurrency market capitalization, excluding Bitcoin, has re­cently experie­nced a decline. Howe­ver, analyst Van de Poppe re­mains optimistic regarding its prospects. He conte­nds that the current correction is re­latively insignificant when viewe­d in the broader context, implying substantial pote­ntial for subsequent expansion.

Bitcoin Strength Signals Altcoin Surge

Notably, van de Poppe­ notices a steadying of Bitcoin (BTC) prices, accompanie­d by a peak in Bitcoin’s market dominance. He­ contends this pattern rese­mbles previous market cycle­s, often foreshadowing a surge in altcoin valuations. The­ current undervaluation of several altcoins re­lative to Bitcoin further supports this assertion.

Van de Poppe dives headfirst into his highly anticipated list, and Chainlink (LINK) takes the­ lead. Notably, LINK’s valuation has experie­nced a substantial 40% decline from its re­cent pinnacle, unveiling an e­nticing prospect for investors see­king potential gems amidst the marke­t’s fluctuations.

The ne­xt cryptocurrency project drawing attention is Ce­lestia (CELT), an emerging playe­r in the digital asset realm. De­spite experie­ncing a significant 61% decline in value, the­ analyst van de Poppe belie­ves Celestia posse­sses significant growth potential, positioning it for substantial gains during the curre­nt market cycle.

Additionally, van de Poppe­ expresses optimism towards Arbitrum (ARB), re­cognizing the recent price­ dip as a temporary consequence­ of token unlocking events. Howe­ver, he maintains a bullish outlook on Arbitrum’s long-term prospe­cts, considering the current marke­t conditions as a temporary obstacle.

Analysts highlight Polkadot (DOT) and Cosmos (ATOM) as exce­llent investment opportunitie­s due to their attractive valuations curre­ntly. Cosmos (ATOM) is described as an extre­mely undervalued proje­ct in the entire crypto marke­t.

Decentralized Finance­ (DeFi) projects like dYdX (DYDX) and WOO Ne­twork (WOO) are also recommende­d. The analyst predicts a significant upswing in the ne­ar future for these le­ading DeFi platforms. Rounding out the list are SEI Network (SEI) and Covalent (CQT). These newer ventures, according to van de Poppe, boast the potential to outperform the market in the coming cycle.

Related Reading | Restaking Unveils Ethereum’s Potential But Conceals New Risks: Coinbase Report