Der XRP-Kurs hat womöglich sein vorläufiges Hoch erreicht und steuert als nächstes wohl auf einen deutlichen Abschwung zu, was durch die schwächelnden XRP-ETFs begünstigt wird.
Ravencoin price soars 150% amid Upbit listing
- Ravencoin price rode an Upbit listing announcement to skyrocket with over 150% gains.
- But the rally was short-lived as aggressive profit-taking wiped out much of the gains.
- The token is likely to rally amid improving sentiment.
Ravencoin (RVN) rocketed by more than 150% in 24 hours, with massive gains coming amid the token’s listing on Upbit, South Korea’s largest cryptocurrency exchange.
The announcement, made by Upbit via its official X account, noted that the exchange will add trading support for RVN against the Korean Won (KRW).
RVN coin’s surge saw it hit highs of $0.027, its highest level since mid-December 2024.
Ravencoin price – Upbit triggers 150% RVN rally
Upbit revealed the RVN/KRW market support in a post on X, stating that trading support for the altcoin would commence at 17:00 local time.
The exchange, known for its massive trading volume and customer base in South Korea, often sees explosive demand for newly listed tokens.
No doubt this is what drove Ravencoin (RVN)’s price higher.
An imminent listing for an altcoin seen as one of the best minable tokens today meant bulls were in control within hours of the announcement.
Data from CoinMarketCap shows the token’s price more than doubled in value as it rose from lows of $0.010 to $0.027.
While a bit of profit taking had it pare these gains, the price remained more than 64% up in 24 hours, with intraday volume skyrocketing 4,255% to over $399 million.
RVN price outlook
In addition to the Upbit listing, Ravencoin is resurging amid a fresh spike in bullish sentiment related to mineable proof-of-work coins.
Recently, the Ravencoin team posted on X that RVN is currently seeing fresh interest from miners.
With its KAWPOW algorithm designed to resist ASIC dominance and encourage decentralized participation, many unable to mine BTC and other top coins are flocking to Ravencoin mining.
This mining momentum, paired with the Upbit listing, could catalyse bullish momentum for RVN’s price. A retest of $0.027 is possible.
The technical outlook nonetheless has the Relative Strength Index (RSI) in overbought territory, which suggests a potential short-term pullback.
On the other hand, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, indicating a likely upward continuation.
In this case, Ravencoin’s price could revisit the $0.014-$0.013 area for support. Demand reload at this level and a successful retest of $0.02 could aid an upward flip. RVN price hit highs of $0.034 in early December 2024.
On the downside, profit taking could see RVN price retest $0.010 and potentially April 2025 lows of $0.009.
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Ethereum Foundation vor „entscheidenden“ Monaten, neue Finanzpolitik setzt auf DeFi
Die Ethereum Foundation steuert langsam auf das Ende ihrer Rücklagen zu und richtet ihre Finanzpolitik im Zuge dessen auf Anlagen und Investitionen in DeFi-Protokolle aus.
Best crypto presales to invest in as experts dub Trump’s spending bill a positive for Bitcoin
Financial and political implications of Trump’s “One Big Beautiful Bill” have been the front and centre of all financial debates in recent weeks.
While many argue this legislation could prove a bane for the US national debt, high-profile crypto experts are convinced that it may actually emerge as a catalyst for Bitcoin’s next major rally, and a boon for the crypto markets at large.
As investment sentiment on digital assets heat up, attention is rapidly shifting toward best crypto presales that can ride this expected bullish wave. Among them, Bitcoin Pepe is turning heads as a standout opportunity in the meme coin space.
Why may Trump’s spending bill be a positive for Bitcoin?
Trump’s “One Big Beautiful Bill” comes with provision for increased spending and a possible debt ceiling hike that’s sparked backlash from economists and industry leaders alike.
Critics argue it threatens to worsen the US fiscal outlook. According to Coinbase chief executive, Brian Armstrong, unchecked spending could accelerate Bitcoin’s rise to reserve currency status.
Echoing the sentiment, billionaire Elon Musk took to X to slam the bill, prompting a wave of pro-BTC commentary.
Bitcoin evangelists like Max Keiser went further, calling the legislation an open invitation to “print-to-death”, predicting a BTC price target of $2.2 million.
XRP lawyer John Deaton and BitMEX founder Arthur Hayes joined the chorus, suggesting the bill is a billboard for Bitcoin adoption – even hinting that Tesla could expand its crypto holdings.
As more institutional and retail investors view Bitcoin as a hedge against runaway government spending, the broader crypto market could see a tidal wave of inflows.
What makes Bitcoin Pepe the best crypto presale in 2025
While Bitcoin remains the centerpiece of the digital asset class, meme coins have increasingly acted as high-beta plays during bullish market cycles.
Much like what happened in the 2020 – 2021 cycle, when stimulus-driven liquidity flooded into Dogecoin and Shiba Inu, meme coins today are poised to benefit from renewed interest sparked by fiscal instability.
As traditional investors look for asymmetric upside in the crypto space, presales offer the added advantage of early-stage pricing and massive growth potential. That’s where Bitcoin Pepe comes in.
Bitcoin Pepe combines two of crypto’s most iconic cultural forces: Bitcoin and the legendary meme figure Pepe the Frog. This hybrid meme coin is currently in presale and rapidly gaining traction thanks to its clever branding and a super active, well-engaged community.
With a capped supply, fair tokenomics, commitment to ultra-low fees and instant transactions – and plans for listings on major decentralized exchanges post-presale, Bitcoin Pepe is more than just a joke coin – it’s a statement.
On June 17th, Bitcoin Pepe will announce when it goes live on a CEX, ahead of which, investors still have an opportunity to build an early position in it.
Click here to explore ways to participate in Bitcoin Pepe’s ongoing presale.
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Magic Eden price nears all-time low as 15% dip extends downtrend
- Magic Eden is down 15% as the price extends the downtrend.
- The ME token rose sharply before paring all the gains after Trump’s sons distanced the Trump Organization from a new wallet announcement.
- Magic Eden price could dip to support around $0.78, its all-time low reached in April.
Magic Eden (ME) price is down by more than 15% in the last 24 hours as the altcoin extends losses since the sharp downturn from highs of $1.15 on June 3, 2025.
ME traded around $0.87 amid ongoing downside pressure after recent wallet-related news drama brought the bears out in full swing.
Notably, the declines have the Magic Eden token trending towards its all-time low of $0.78 reached in early April.
Data from CoinMarketCap, which also shows a 58% dip in trading volume, suggests the ATL is about 21% off current price levels.
Why is the Magic Eden price down today?
As noted above, the ME token skyrocketed earlier this week, jumping sharply to hit $1.15 from around $0.8 amid trader excitement.
The catalyst for this vertical move, as seen in the chart below, was the announcement of a Trump-branded crypto wallet.
The Magic Eden social media post on X shared the “big news”, alluding to a partnership between Magic Eden and GetTrumpMemes.com.
The news hinted at “the First and Only Crypto Wallet for True Trump Fans.”
BIG NEWS! The Official $TRUMP WALLET is COMING SOON! The First and Only Crypto Wallet for True Trump Fans.
Join the FREE waitlist for a chance to get a share of $1 MILLION IN $TRUMP REWARDS! Go to https://t.co/PVCQ6YXQ5v NOW!
The $TRUMP Wallet is Powered by @magiceden pic.twitter.com/KA26RzjY6m
— Magic Eden 🪄 (@MagicEden) June 3, 2025
Reaction across the crypto space was whether this was legit, with many pointing to what it meant for the TRUMP and ME tokens.
But shortly after the Magic Eden team shared the news, Donald Trump Jr. posted a public disclaimer that the Trump Organization was not part of the said TRUMP wallet.
The same message came from Eric Trump, President Donald Trump’s other son. Eric cautioned Magic Eden in a post on X:
“I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.”
ME token technical outlook
Market reaction to the chain of events flipped from positive for ME to negative, with the token dipping below $1.
The retracement has continued in the past 24 hours, bringing the Magic Eden token’s value to below $0.9 on June 5.
While the Magic Eden price could flip higher from current levels, the technical picture supports a bearish move.
The RSI on the 4-hour chart is below 50 and indicates a downward move, while the MACD signals bearish strength amid a rising negative histogram.
Further downside action, mirroring broader market weakness, sees the ME token poised near $0.87. If price breaks lower, it could fall to the $0.78 support area.
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