Schlagwort: crypto business

• Pepe price is up 80% this past week and over 140% in 30 days.
• FLOKI has jumped 36% this past week and 53% in the last 30 days.

Pepe (PEPE) was the standout memecoin this past week, rising more than 80% to reach a new all-time high of $0.0000169 on May 27. Meanwhile, Floki (FLOKI) has surged to $0.0002656 amid fresh momentum in the memecoin market.

PEPE and FLOKI lead meme coins up

PEPE price is up 14% in the past 24 hours, bringing 30-day gains for the meme coin to 140%. Pepe has outperformed top meme coins over this period.

The 24-hour trading volume of Pepe stood at over $1.8 billion at the time of writing. Except for the stablecoins USDT, USDC and FDUSD, Pepe’s volume is fourth-largest behind Solana, Ethereum and Bitcoin.

The upside sees Pepe cement its position as the third-largest meme coin by market cap. At $7.1 billion, it is more than double that of Dogwifhat ($3.1 billion) but behind the top two of Shiba Inu and Dogecoin at $14.6 billion and $24 billion respectively.

Elsewhere, FLOKI price is up 18% in the past 24 hours and 53% in the past two weeks to hit highs last seen in March 2024.

The uptrend is solidifying as investors eye top meme coins. Coinbase announcing support for FLOKI perpetual futures has catalysed further interest ahead of listing on May 30.

Can FLOKI ride this and other catalysts to reach a new all-time high? Bulls appear in control.

Read more: Analysts bullish on Floki as Pepe and Bonk rally.

Crypto upbeat ahead of US election

The past week was largely positive for cryptocurrency after major regulatory-related developments in the US. The SEC approved spot Ethereum ETFs and lawmakers passed key crypto bills that experts say suggest a flip in the regulatory landscape.

Former US president Donald J. Trump’s recent remarks about crypto has buoyed sentiment, propeling PolitiFi tokens.

While ETH price consolidated above $3,700 after the ETF news, it has climbed above $3,900 on Monday, and could eye a new high amid bullish predictions for Bitcoin (BTC) and the altcoin market.

In this case, its likely PEPE and FLOKI’s price gains are just getting started.

Other memecoins making waves in the market today are Bonk (BONK) and MAGA (TRUMP) – the latter surging by more than 25% in the past 24 hours to reach a new all-time high above $13.

The post PEPE and FLOKI extend gains as memecoins tease bull run appeared first on CoinJournal.

• Trump pledged to free Ross Ulbricht should he win the upcoming US presidential election.
• Ulbricht is the creator of the defunct marketplace Silk Road and is currently serving a life sentence.

Former US president Donald J. Trump has pledged to release Silk Road founder Ross Ulbricht should he be re-elected as president of the United States in the upcoming elections.

The former US president is seeking re-election and has over the past several months made a massive impression on the crypto community.

Now one of his election pledges is that he will commute Ulbricht’s sentence as soon as he takes office.

“If you vote for me, on day one I will commute the sentence of Ross Ulbricht to a sentence of time served,” Trump noted in remarks made at the Libertarian National Convention in Washington, D.C on Saturday.

Whos is Ross Ulbricht?

Ross Ulbricht, aka Dread Pirate Roberts, created Silk Road in 2011 and operated the darknet marketplace until October 2013.

US law enforcement accused Ulbricht of running an online criminal enterprise among other charges. Prosecution stated that Silk Road had enabled the sale and purchase of more than $200 million worth of illegal drugs and other illicit goods and services.

In total, he faced seven counts, including conspiracy to launder money, narcotics trafficking and computer hacking.

Following his arrest in October 2013, Ulbricht was found guilty on all seven counts in 2015. The court sentenced him two life terms and a separate 40 years without the possibility of parole.

Many have criticised Ulbricht’s treatment and sentence and calls for his release continue across the crypto community.

“He’s already served 11 years, [and] we’re gonna get him home,” he added as the audience exploded in cheers.

Trump wants US to lead in crypto innovation

As well as this promise, Trump has asserted that his administration, if elected, will support the crypto industry and make the US the global leader.

“Our country must be the leader in the field. There is no second place,” he wrote on Truth Social.

Trump is also in support of crypto self-custody, noting that a vote from the over 50 million Americans holding crypto today will be a vote to “keep Elizabeth Warren and her goons away” from people’s Bitcoin. Trump will also not allow a US central bank digital currency (CBDC).

The post Trump promises to free Silk Road creator Ross Ulbricht if re-elected appeared first on CoinJournal.

• Ether.Fi price rose 10% as altcoins looked to rebound, hitting highs of $5.35 amid latest upside momentum.
• ETHFI could target $10 if bullish sentiment prevails.

Ether.Fi price rose 10% to reach highs of $5.35, a seven-week peak for the Ethereum liquid restaking platform’s native token ETHFI.

Importantly, Ether.Fi price at current levels sees it trade above a crucial support-turned resistance area.

With prices up 47% this past week, can bulls strengthen to push to $10? The last breakout above $5 saw ETHFI rally to its all-time high of $8.53 on March 27.

Ether.Fi introduces ether.fi Cash

On May 24, the Ether.Fi team announced the launch of ether.fi Cash, a mobile wallet and Visa credit card that allows users to save, spend or invest with their ether.fi assets.

Cash allows users to borrow or settle everyday transactions with USDC. Users can also pay off balances using their stake and liquid rewards.

“Cash is the third in our Trilogy of products — ether.fi Stake, ether.fi Liquid, and ether.fi Cash. Combined these integrated products help users save, invest and spend their crypto, making it so that users never have to offramp again,” the protocol noted in an announcement.

ETHFI price surges past $5

Data from CoinGecko shows that ETHFI price soared alongside major altcoins as Ethereum spiked earlier in the week. The ETH price reacted sharply to news of an impending spot ETF approval, reaching highs of $3,900.

The upside momentum also impacted ecosystem tokens, with ETHFI bouncing from lows of $3.23.

Read more: Ether.Fi (ETHFI) token dumps after trading debut

Although price faced an initial rejection at the horizontal resistance line, a retest of the area saw bulls break higher to hit $5.35 on May 23.

The Relative Strength Index (RSI) on the daily chart is at 66 to suggest the upper hand is with the buyers. Also, the MACD indicator is strengthening above the signal line to reflect an overall bullish outlook for ETHFI.

If bulls flip the key resistance zone into a robust support area, a surge to $6.14 could see them aim for the ATH.

The post Ether.Fi price breaks above key resistance, is $10 next? appeared first on CoinJournal.

• Uniswap price reached highs of $10.99 on May 25, rising more than 20% in 24 hours.
• UNI gained amid whale activity, Ethereum ecosystem developments and Uniswap Labs’ response to SEC’s Wells Notice.
• The technical picture also hints at a breakout that could push UNI price to $15.40 and towards $2.

Uniswap price jumped more than 20% in 24 hours to trade at $10.99, its highest level since early April.

A bullish outlook suggests increased buying pressure could push UNI towards highs of $15.40 reached in March.

Uniswap price and the ETH ecosystem

UNI is the native token of the leading DEX platform, likely one of the top beta plays around the spot Ethereum ETF approval.

On Friday, Uniswap price defied marketwide consolidation, with the price of Ethereum (ETH) hovering above $3,700. As most altcoins looked to bounce off key support levels, UNI price rose more than 20% to touch a multi-week peak of $10.95.

This comes as whales increasingly withdraw UNI from exchanges. According to on-chain details shared by Lookonchain on X, one such whale withdrew $1.96 million in UNI from Binance as price rose.

Uniswap’s upside momentum has also strengthened amid the unveiling of ERC-7683. This new token standard is a collaboration between Uniswap Labs and Across Protocol and aims at streamlining cross-chain trading via a “unified framework for cross-chain intents systems.”

UNI surges after Uniswap response to SEC

Breaching the critical $10 mark also came amid a rising bullish sentiment around Uniswap’s regulatory outlook.

Earlier this week, Uniswap Labs’ reiterated its readiness to fight the SEC’s potential lawsuit following a recent Wells Notice.

According to Uniswap, the SEC is “wrong” in its assertions that the DEX platform is an unregistered securities exchange and broker-dealer. The allegation that UNI is a security is also wrong, with SEC’s theories around it “weak” Uniswap wrote in a response to the regulator.

Uniswap price chart

Uniswap’s surge in the past 24 hours sees UNI breakout of a consolidation phase that had prices capped below the $8 level.

Increased whale activity and the current projections for the ETH ecosystem favour UNI bulls.

The technical picture also supports an upside continuation. In this case, the RSI and MACD indicators on the daily chart suggest bulls are in control.

If this outlook holds, UNI price could eye the key resistance levels at $12.96 and $15.40. An important short term target lies at $2

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