DEXWireNews

DEXWireNews

The crypto world is abuzz with speculation that President Joe Biden could pardon Sam Bankman-Fried, the founder of the defunct cryptocurrency exchange FTX. Bankman-Fried, sentenced to 25 years for fraud and money laundering, remains a polarizing figure. This speculation is fueled by his substantial political donations to the Democratic Party, estimated to total...

DEXWireNews

Ethereum ( CRYPTOCAP:ETH ), the second-largest cryptocurrency by market capitalization, faces a challenging period as Tron's Justin Sun continues his massive ETH sell-off. Despite these bearish signals, Ethereum has managed to hold a critical support zone, maintaining market confidence. Let’s delve into the technical and fundamental aspects of the current ETH...

DEXWireNews

Cheems Token ($CHEEMS), the dog-themed memecoin built on the Binance Smart Chain, has captured the attention of crypto enthusiasts and traders alike. Boasting a vibrant community across platforms like X and Telegram, and a market cap exceeding $211 million, $CHEEMS is showing strong signs of a potential breakout. Let’s delve into the technical and fundamental...

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Bitcoin ( CRYPTOCAP:BTC ) has faced intensified selling pressure from long-term holders (LTHs), who have offloaded approximately 1 million BTC since mid-September, contributing to its current 13% dip from its all-time high of $108,000. This marks the largest discount since the U.S. presidential election. While short-term holders (STHs) have stepped in to absorb...

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Hours after its much-anticipated launch on exchanges like Bitget, Gate.io, and MEXC, the PSECZ:TOMA coin experienced a dramatic dip of 99.6%, raising questions about its sustainability and the broader health of the Telegram-based Play-to-Earn (P2E) ecosystem. Despite the steep decline, opportunities for recovery and user engagement remain, especially through...

DEXWireNews

MOG Coin, an Ethereum-based memecoin celebrated for its vibrant community and viral meme culture, has seen a sharp decline in recent weeks. The token's value has dropped over 49% in two weeks, mirroring the broader crypto market's cooling-off phase after a prolonged bullish rally. Despite this dip, MOG’s community-driven ethos and unique position in the memecoin...

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Bitcoin ( CRYPTOCAP:BTC ), the flagship cryptocurrency, faced a notable price dip to $96,300, reflecting a 6% decline over the past 24 hours. Despite this, significant institutional purchases by MARA Holdings and Hut 8 highlight the growing confidence in Bitcoin's long-term potential. Institutional Accumulation on the Rise MARA recently purchased 15,574 BTC at...

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The cryptocurrency market witnessed a standout performer in $USUAL, which surged 267% after its listing on major exchanges, including Binance. This Ethereum-based altcoin soared from $0.35 to a peak of $1.28 within hours, showcasing significant investor interest. Let’s delve into the fundamental and technical factors fueling this impressive performance. About...

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The Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community has initiated a heated discussion surrounding Proposal 12149, which aims to increase the on-chain tax rate from 0.5% to 1.5%. While this measure promises to enhance LUNC’s burn rate and bolster funding for the community and Oracle pools, it has not been without controversy. The vote comes in the...

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The cryptocurrency market has seen a variety of tokens tied to political narratives, but $PATRIOT, a token on the Ethereum blockchain, has recently grabbed headlines. Over the past two days, $PATRIOT surged by an impressive 286%, with market dynamics reflecting both technical and fundamental drivers. Here’s a breakdown of the key factors behind this meteoric rise...

DEXWireNews

Fantom ( CRYPTOCAP:FTM ), now rebranded as Sonic Labs, has taken a significant step forward with the launch of the Sonic Protocol on the mainnet. This next-generation, high-throughput blockchain platform aims to revolutionize Decentralized Applications (DApps) development and operation. Despite the groundbreaking advancements, CRYPTOCAP:FTM continues to face...

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The launch of Pudgy Penguins' official cryptocurrency, CSECY:PENGU , has sparked significant buzz across the crypto ecosystem. Following its debut on major exchanges such as Binance, Bybit, and Gate.io, the token saw a meteoric rise of up to 568%, with Binance reporting a staggering 1500% increase. However, the token's subsequent sharp decline raises questions...

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The Ethereum Name Service ( NYSE:ENS ), a pioneer in decentralized identity and blockchain-based naming systems, is taking a bold step forward with the launch of Namechain, its own Layer 2 (L2) solution. Powered by Linea’s zkEVM technology, Namechain is poised to revolutionize blockchain address management, offering enhanced scalability, reduced costs, and...

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The blockchain gaming sector is experiencing a significant resurgence, with Immutable X (IMX) at the forefront of this revival. On December 19, 2024, at 11:00 AM UTC, "Oxya Origin," a game developed by Ubisoft’s French incubator studio, is set to launch on Immutable's platform. This collaboration underscores the renewed interest in GameFi, blending gaming with...

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In a market dominated by skepticism and fleeting meme coin trends, ZEREBRO has emerged as a unique contender. After surging 268% to a new all-time high (ATH) in late November 2024, the Solana-based meme coin saw a sharp decline, currently trading near its 1-month support level. With renewed interest brewing, $ZEREBRO appears to be consolidating, leaving investors...

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Ripple has launched its stablecoin, RLUSD, which has immediately spurred a notable increase in XRP's price. This launch not only marks Ripple's strategic expansion into the stablecoin arena but also positions XRP for potential new highs, catalyzed by both technical and fundamental advancements. Fundamental Impact: RLUSD's Design and Utility: RLUSD is designed to...

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Introduction In the fast-paced world of decentralized finance (DeFi), GETTEX:HYPE is making waves once again. Days after reaching its all-time high (ATH) of $29, the token is showing signs of another bullish breakout. With its strong technical setup and solid fundamentals, traders and investors are closely watching as momentum builds for the Layer 1...

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The whimsical and meme-driven HarryPotterTrumpHomerSimpson777Inu token, affectionately known as ETHEREUM, is on the brink of a technical resurgence. With key indicators signaling a bullish revival, the token has captured the attention of traders and meme enthusiasts alike. Technical Analysis ETHEREUM has been trading in oversold territory for an extended period,...