Kategorie: Crypto News

• XRP has risen by over 23% in the last two weeks following the announcement from the CME and CTF that they will be providing reference rates for the cryptocurrency.
• It has also sparked speculations about an XRP ETF.

XRP is currently enjoying decent gains after an announcement by the Chicago Mercantile Exchange (CME) Group, declaring its decision to offer real-time indices and USD reference rates for both Ripple (XRP) and Internet Computer (ICP). CF Benchmarks will publish these indices daily starting on the 29th of July 2024. CME already has an impressive collection of Cryptocurrency benchmarks, and soon enough, XRP will join that suite.

Ripple’s CEO, Brad Garlinhouse, stated, “The first step towards institutional crypto products is to have a trusted benchmark reference rate.” This addition suggests a growing demand among investors for a more accurate and reliable price reference for the currency.

XRP currently trades around $0.515, a 26% increase from its price at the start of last week. This shows the positive impact of this integration with a trusted platform. Giovanni Vicisio, the Global Group Head of CF Benchmarks, stated that the new benchmarks will help market participants “better manage their risk” and provide “clear and transparent pricing data.”

The daily reference rates will be available between 15:00 and 16:00 UTC and will reflect the currency’s current dollar rates. The pricing data will also rely on some cryptocurrency exchanges and trading platforms, such as CoinBase, Bitstamp, Kraken, and Gemini. The price will be calculated from data from a combination of these platforms, ensuring uniformity and accuracy.

Real-time indices will also ensure that constant and current pricing or other related information is available to the general public. Market participants will then be able to make clear and informed decisions as updates are provided by the second. The CF Benchmarks CEO, Sui Chung, mentioned that the new benchmarks will be “subjected to the same rigorous standards as other benchmarks in the CME CF Single Asset Series.”

This new development has sparked some speculation about an XRP ETF launch. Garlinhouse had also previously mentioned that creating an XRP ETF is “inevitable”. CME’s decision could also help cement XRP’s credibility and promote its adoption across financial markets.

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• Toncoin (TON) rises as transactions crosses $9B amid USDT integration for liquidity and DeDust DEX growth.
• PEPE shows price resilience with MVRV metrics showing it is undervalued despite organic demand challenges.
• Solana-based fashion-themed meme coin Poodlana (POODL) launches in July 17.

July brings forth exciting opportunities for crypto investors eyeing significant gains. Some of the coins that have intrigued investors include Toncoin (TON), Pepe (PEPE), and Poodlana (POODL) with their unique price movements and future growth prospects.

Each coin presents distinct characteristics and potential for growth in the current market landscape.

TON price rising as Toncoin sees an uptick in acivity

Besides experiencing significant price movement, Toncoin has also surged in activity and adoption in recent months.

Known for its robust infrastructure and user-friendly ecosystem, Toncoin has facilitated over $9 billion in transactions during Q2 alone, underscoring its role as a prominent blockchain network.

Key to Toncoin’s appeal is its integration of native Tether (USDT), which has enhanced liquidity and trading capabilities on the platform.

However, despite its impressive transaction volume, Toncoin faces challenges in decentralized finance (DeFi), with less than $800 million locked in value compared to leading platforms.

Nevertheless, its native apps and vibrant community-driven projects, such as mini-apps and meme tokens, continue to attract users. The platform’s decentralized exchange (DEX), DeDust, has experienced significant growth, further solidifying Toncoin’s position in the market.

Investors are also closely monitoring Toncoin’s fee structure and its impact on user engagement, with recent fee increases reflecting its growing popularity.

With ongoing developments and a promising outlook, Toncoin remains a top contender for investors seeking innovation and scalability in blockchain technology.

Pepe price rebounds despite a drop in organic demand

Pepe has also garnered attention for its dynamic price movements and market performance.

Currently trading within a narrow range, Pepe has shown resilience with support levels and resistance dynamics influencing its short-term outlook.

Technical indicators such as the Relative Strength Index (RSI) and On-Chain metrics like Network Value to Transactions Ratio (NVT) provide insights into Pepe’s valuation and investor sentiment.

Despite challenges in maintaining organic demand and active addresses, Pepe’s 30-day MVRV (Market-Value-to-Realized-Value) suggests undervaluation, contrasting with its Network Value to Transactions Ratio (NVT).

These metrics highlight Pepe’s potential as an undervalued asset with speculative opportunities for traders looking at short-term gains.

Poodlana (POODL), the much awaited fashion-centric meme coin

As Toncoin and PEPE trend for their recent price surges, a new Solana-based meme coin Poodlana has emerged, combining fashion-centric appeal with blockchain technology.

Set to launch on the Solana blockchain via a presale on July 17, Poodlana aims to attract enthusiasts interested in both high-fashion trends and cryptocurrency investments.

With a total supply of 1 billion POODL tokens, the project emphasizes transparency and community-driven growth through its presale approach and tokenomics.

The presale strategy of Poodlana includes a 30-day token sale with escalating prices, catering to diverse investor preferences and ensuring fair participation. Supported by multiple payment options including ETH, BNB, SOL, USDT, and USDC, Poodlana aims to maximize accessibility and participation among potential investors.

The integration of high-profile partnerships, marketing initiatives, and liquidity provisions underscores Poodlana’s ambitious plans to carve a niche in the competitive meme coin market.

In addition, the POODL token is expected to list on decentralized exchanges (DEX) immediately after the presale concludes providing immediate liquidity for early investors.

The post Top coins to watch in July: Toncoin (TON), Pepe (PEPE), Poodlana (POODL) appeared first on CoinJournal.

• ETH and SOL prices jumped above $3,300 and $150 on Monday as cryptocurrencies rose.
• The upside follows an attempted assassination of Donald Trump.
• As cryptocurrencies surge, Solciety could be the new political meme coin to watch.

Ethereum and Solana prices rose more than 5% respectively as the cryptocurrency market witnessed a surge in bullish sentiment.

As Bitcoin gained to hit a two-week high above $63,000, ETH and SOL jumped to $3,360 and $153 on the day. Meanwhile, the presale of new Solana meme coin Solciety raced to over $900k in stage 5 amid latest events in the political space.

ETH, SOL surge

Cryptocurrencies jumped over the weekend as Bitcoin led a market wide reaction to the attempted assassination of Donald Trump.

As Bitcoin broke above $63k with its best daily return since mid-May, top altcoins Ethereum (ETH) and Solana (SOL) rose to key levels.

ETH, which had dropped below $3k amid last week’s Bitcoin sell-off, reached prices above $3,300. Meanwhile, SOL reclaimed the $150 level after experiencing a significant slump since hitting its year-to-date highs.

Last week, Solana price reached lows of $121, a downward trend that threatened to extend to the psychological support at $100. While prices movement may continue to mirror Bitcoin’s, there are other catalysts to watch for ETH and SOL.

It includes the imminent trading debut of spot Ethereum ETFs and projections for spot SOL ETFs approval early next year. The biggest odds for a swift approval lie with the potential for Donald Trump winning the US presidential election in November.

After the assassination attempt, these odds have climbed considerably, with bullish predictions for crypto also focused on political meme coins. The latest wave of interest is in Solciety.

Solciety and the growth of PolitiFi

Solciety (SLCTY) is a Solana meme coin in presale that seeks to dominate the PolitiFi space with a unique approach to political satire.

In the past six months, a lot of attention has been on meme coins inspired by Donald Trump, Joe Biden or other political and social personalities. That’s the outlook that followed the assassination attempt on Trump on Saturday, with MAGA, Super Trump and Doland Tremp spiking sharply.

This market reaction also cascaded to Solciety, a PolitiFi meme coin that’s launching as the political party for degens. While politically neutral, this meme coin still packs a major punch with its Meme Campaigner tool.

Solciety and this feature are the perfect combination for meme enthusiasts, whether a Trump die hard, Biden supporter or simply a degen with an eye for opportunity.

Meme coin opportunity with Solciety

Crypto is here to stay, but crappy politics won’t cut it. Fortunately, Solciety has the tool to bring political memes to life, with SLCTY powering the community behind this new political force.

Anyone can tap into the meme maker to create and share viral politics-related memes. The top memes that go viral online will see the creators earn presale tokens. Talking of tokens, the SLCTY presale offers 3 billion tokens for early birds.

However, the ICO is selling out first and SLCTY price is also rising – from an initial $0.0015 to $0.002289 in stage 5.

But SLCTY isn’t going to be this heavily discounted for long. The rapidly-growing PolitiFi market suggests the presale might provide the best opportunity.

Interested in knowing more? Visit the official website.

The post ETH, SOL rise as crypto investors eye Solciety (SLCTY) appeared first on CoinJournal.

• Trump related meme coins spiked after gunman shot at Donald Trump during a rally on Saturday.
• MAGA, Super Trump and Donald Tremp rose while Jeo Boden slipped.

PolitiFi meme coins surged sharply late Saturday, with MAGA (TRUMP) and Super Tremp (STRUMP) and Donald Tremp (TREMP) gaining by more than 37%, 40% and 46% respectively.

Shooting incident at a Trump rally

The spike in the Trump-related meme coins follows an incident involving former US President Donald Trump. While at a rally in Pennsylvania on Saturday, Trump survived what appears to have been an assassination attempt.

Secret Service rushed the former president off stage and took him to hospital, with blood visible on Trump’s ear. A rally attendee died while another was rushed to hospital in serious condition. The shooter also died.

MAGA, STRUMP tokens surge

MAGA rose to above $8.20, while STRUMP and TREMP traded to highs of $0.012 and $0.55 to lead PolitiFi gainers.

Other tokens also surged, with Constitutional DAO, MAGA Hat and BABYTRUMP all rising sharply.  Meanwhile, Jeo Boden, a meme coin related to US president Joe Biden, dipped 12% as the news of the incident reached markets.

Gabin Noosum and Kamala Horris – meme coins related to Governor of California Gavin Newson and US Vice President Kamala Harris. Both tokens were down 30% in the past 24 hours at the time of writing.

Officials have said President Trump will be fine, while the FBI is investigating the shooting.

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