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A popular crypto analyst thinks one layer-1 blockchain is gearing up for a run similar to the one Sui (SUI) has witnessed. On the social media platform X, the pseudonymous analyst known as Bluntz shares a chart predicting a huge price explosion for the native token for the blockchain project Sei (SEI). “I think SEI is gearing up for another run. It had a clear parabolic impulsive rise earlier in the cycle, has already done a -84% cycle abc and has been basing for 6 months now and starting to turn up.” Source: Bluntz/X SEI is trading at $0.408 at time of writing. The 63rd-ranked crypto asset by market cap is down nearly 12% in the past month but up more than 265% in the past year. Bluntz is also bullish on Dogecoin (DOGE), sharing a chart that suggests the top meme asset could surge to around $0.375. Source: Bluntz/X DOGE is trading at $0.169 at time of writing. The 9th-ranked crypto asset by market cap is down more than 2% in the past 24 hours. I...

A new alliance is looking up to the de-dollarization ideals of BRICS and is ready to use the upcoming unified payment system instead of the US dollar for cross-border transactions. This puts the US dollar at risk as several developing countries are planning to cut ties with the reserve currency. Also Read: BRICS: U.S. Dollar Crisis Could Begin in 2025 Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The 16th summit held last week in Russia’s Kazan region has emboldened other alliances to follow the de-dollarization bandwagon. The domino effect could snowball further in the coming years and could lead to a US dollar deficit. Also Read: BRICS: 85% Trade Settled in Local Currencies, Not US Dollar After BRICS, The SCO Alliance Gets Ready to End US Dollar Reliance Source: AFP BRICS member China has convinced other member nations in the Shanghai Cooperation Organization (SCO) to ditch the US dollar for trade. The SCO member nations hav...

Bitcoin (BTC) started a bullish movement above $70,000, renewing the market’s optimism amid an all-time high open interest (OI). As the leader goes up, traders and investors start positioning in altcoins, which are expected to follow the movement. More than simply following Bitcoin’s movement, altcoins have historically outperformed BTC in what analysts call an “Altseason” or “Altcoin Season.” In particular, Jake Pahor, a DeFi analyst and Account Executive at Coinstash Australia, is “feeling super bullish about altcoins.” Pahor posted an Analysis on X on October 29, looking at the Bitcoin Dominance Index’s (BTC.D) historical patterns. According to him, we are approaching “a turning point in the cycle” as BTC.D navigates around 60%. Picks for you Buy signal for two strong cry...

Dogecoin (DOGE) is currently the best-performing cryptocurrency among the top 100 projects by market cap. The original memecoin has rallied by 4.5% in the last 24 hours, 23.9% in the weekly charts, 43.6% in the 14-day charts, 40.2% in the monthly charts, and 151.2% since late October 2023. Also Read: Bitcoin: BlackRock Buys $322 Million BTC: New Peak Incoming? Why Is Dogecoin Rallying? Source: CoinGecko DOGE’s latest rally comes amid Bitcoin’s (BTC) climb to the $72,000 price point, a level last seen in March of this year, about seven months ago. BTC is currently only 2.1% away from its all-time high of $73,737.94. Dogecoin (DOGE) began its upward trajectory after Elon Musk expressed his desire to establish a Department of Government Efficiency (D.O.G.E.) under the Donald Trump administration if he wins the upcoming election. Source: Watcher.Guru Investors and market participants may anticipate a Trump victory and taking positions, with DOGE being a top choice. Many analysts...

Every day presents a new opportunity for discerning investors to identify undervalued assets. In this market, it is crucial to stay informed about established projects that continue to show significant price appreciation and strong market performance. Today, we will analyze four prominent tokens: AIOZ Network, Pendle, Oasis Network, and Axelar.  Each of these top gainers has shown strong growth, making them attractive for investors seeking to enhance their portfolios. By exploring their unique functionalities and market strategies, you can make informed decisions aligned with your investment goals. Biggest Crypto Gainers Today – Top List The Analysis of each token focuses on several important functionalities. It looks at price movements and liquidity metrics. We also examine the trading volume-to-market-cap ratios and technical indicators like the Relative Strength Index (RSI). Unique Features , such as DeFi capabilities, staking rewards, and cross-chain interoperability...

During a Swiss event, Tether CEO Paolo Ardoino shared new details about USDT reserves. He stated the stablecoin has $100 billion in US Treasuries, 82,000 Bitcoin worth $5.5 billion, and 48 tons of gold. This was the first time Tether made its reserve details public. The announcement proved the company’s strong position in the crypto market. Also Read: Bitcoin Reclaims $71,000: Will BTC Hit A New Peak This Week? Understanding USDT Reserves: Financial Insights and Stability Concerns Reserve Composition Breakdown US Treasuries account for 83.5% of USDT reserves. At current prices, Bitcoin holdings account for 4.6% of reserves, and physical gold makes up the rest. This mix helps keep USDT’s $120 billion market cap stable. The team checks these reserves daily to ensure each USDT has proper backing. Regular monitoring ensures the value stays consistent for all users. Addressing Investigation Claims The Tether CEO denied the Wall Street Journal’s claims about a US Department ...

Bitcoin struggled to surpass the $70,000 mark, and experts link this situation to the dollar currency index (DXY). Per Analysis , DXY has increased significantly over the past two months, highlighting the inverse relationship between the DXY and Bitcoin’s price movements. Despite the DXY’s notable rise since September, Bitcoin managed to maintain its value and avoided a sharp decline. However, it has not experienced the upward momentum that many in the cryptocurrency community had hoped for. The current projections suggest that Bitcoin may soon experience a rally, especially as the DXY approaches overbought territory. In light of this, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar . 5 Best Cheap Crypto to Buy Now Under 1 Dollar Fantom (FTM) is currently trading at 0.6828, reflecting a 4.98% increase in the past 24 hours. Jasmy is priced at 0.017958, which indicates a 3.13% rise over the same period. Meanwhile, ...

Veteran on-chain analyst Willy Woo says that altcoins will get continuously less explosive over time as the crypto market matures. Woo tells his 1.1 million followers on the social media platform X that the current market cycle has been “markedly different” from the others given that it is the third time that altcoins are reaching for mindshare since 2017. Rather than being focused on decentralized finance (DeFi) or some kind of technological innovation, Woo says that the current altcoin hype is mostly focused on memes, which he believes is a poor take on the crypto space. Says the analyst, “I’m not saying there won’t be alt seasons. Certainly there will be echo fractals of mid-caps and low-caps pumping after BTC pumps as investors chase returns higher up on the risk curve. This is a normal part of markets and we see this in equities. Just alt seasons will be weaker each cycle on from the great 2017 alt bubble. Also, remember alt market cap is ...

Bitcoin (BTC) is currently trading around $67,000, signaling a recovery after establishing firm support at the $66,000 level, following a modest 2% decline earlier in the week. Despite recent market dips, AI models now forecast a bullish year-end target of $78,900 for BTC, spurred by robust institutional demand, rising open interest in derivatives, growing geopolitical tensions, and notable regulatory developments, particularly around Tether’s USDT.  These factors together set an optimistic outlook for BTC, though potential volatility suggests a need for investor caution. At press time, Bitcoin was trading at $67,021, down 0.25% in the last 24 hours and 1.6% on a weekly timeframe. Picks for you Concerning: Unpaid credit card debt in US hits record $628 billion per month 41 mins ago ...