Author: Yeek.io

Solana is currently the fifth-largest digital asset. SOL’s price surged to an ATH before retracing. In an interesting turn of events, Solana [SOL] briefly surpassed Tether [USDT] to claim the fourth-largest spot in the cryptocurrency rankings by market capitalization. This surge was driven by a remarkable rally in SOL’s price, which soared to a high of $295 in the last trading session. While SOL has since retraced to the fifth position with a market cap of $126 billion, the question remains: Could Solana challenge Ethereum [ETH] next? Memecoin mania fuels Solana Solana’s brief flip of USDT was fueled by a…

Can Dogecoin realistically surge to the $20 region or higher? In a Elliott Wave Theory breakdown, crypto analyst XForceGlobal presented a case for why the popular meme-coin could continue its upward trajectory. He referred to Dogecoin as “the king of all meme coins” and emphasized that historical price action provides vital clues to its future, stating, “If a coin has long historical data to work with, it pairs very nicely with Elliott Wave theory because it helps reduce the impact of noise within the shorter time frames.” Dogecoin To $20? Pointing to Dogecoin’s massive rise from about $0.001 to its…

Este artículo también está disponible en español. Solana (SOL) showcased massive volatility over the weekend, delivering a rollercoaster ride for traders and investors. On Sunday, SOL reached a new all-time high of $295, marking a significant milestone in its bullish trajectory. However, the celebration was short-lived as the price swiftly retraced over 20% to hit the $229 mark, causing concern among market participants. Yet, in a testament to its resilience, Solana bounced back strongly, climbing to $272 and reigniting bullish sentiment. Related Reading Top analyst Jelle provided valuable insights into Solana’s price action, highlighting the significance of key levels turning…

Sigma Capital, a Web3 early-stage venture asset manager, has launched a $100million fund, in a move to foster further Web3 innovation across the Middle East.Sigma Capital Fund I will focus on early-stage venture investments in areas such as DeFi, blockchain infrastructure, real-world asset tokenisation, gaming and the metaverse. The asset manager says that the launch of the fund highlights the UAE’s growing role as a global hub for the Web3 and blockchain sectors.As part of the Fund, Sigma Capital plans to actively manage a portfolio of liquid tokens, to generate consistent returns. Sigma Capital will also leverage high-yield DeFi strategies…

Cybercriminals in the Indian state of Rajasthan are using stablecoins like USDT to funnel illicit loot to scam operators outside the country. According to local media, Rajasthan law enforcement has arrested several money mules who played a critical role in converting over inr 1 crore (approximately $115,546) into Tether (USDT) before funneling it to international cybercriminal networks. Superintendent of Police Arshad Ali revealed that the funds, sourced from digital scams like “digital arrest” frauds, were routed through local mules into cryptocurrency and sent to exchanges based in Dubai and France. He further speculated that the masterminds behind these scams are…

Former CTO of Coinbase, Balaji Srinivasan, believes Donald Trump should airdrop $TRUMP tokens to every U.S. citizen via mailing list after one-third of the American public bought his official meme coin In a recent post, Srinivasan dubbed Donald Trump as the “first crypto president” after the smashing success of the president elect’s meme coin launch, $TRUMP (TRUMP). He stated how the president elect’s net worth is now dominated by cryptocurrency holdings, growing from a measly 1% to more than 90%. “Overnight, the vast majority of the net worth ($59 billion) of the next President of the United States is now…

American Coin rallied amid rumors that Donald Trump might launch a meme coin themed around the United States. After trading relatively flat over the past three months, Solana-based meme coin named ‘American Coin’ with the ticker ‘USA’ formed a God candle on Jan. 19 as it rose to $0.0000254, up 405% from an intraday low of $0.00000503 while its market cap surged to nearly $300 million at that time. American Coin’s (USA) dramatic rally came in a high-volume trading environment, with its daily trading volume soaring by over 550% to hover around $300 million. The surge in activity fueled speculation-driven…

Analysts point to sustained demand as the driving force behind this rally. Data from the BTC/USD one-day chart highlights bullish signals, with the Balance of Power (BoP) indicator standing at 0.75. This suggests buyers remain firmly in control, pushing Bitcoin’s value higher.Spot market activity has also spiked, with inflows reaching a 30-day high of $316 million, according to Coinglass. Increased spot inflows often signal heightened buying interest, indicating growing demand for Bitcoin amid limited supply.Looking ahead, Bitcoin could test the $110,000 mark if the current buying trend continues. However, any surge in sell-offs could push prices below $100,000, potentially falling…

Amidst a strong resurgence of the general crypto market, Ethereum has gained traction as evidenced by a rebound from the $2,900 threshold. Recording an over 10% upswing in the last few days, ETH continues to maintain its position as a leading crypto asset capable of witnessing significant growth in the ongoing bull cycle. Strong Momentum Building Up For Ethereum Ethereum’s price action shows that the digital asset could be poised for an extension of its recent upward movement. Delving into ETH’s recent performance, Rose Premium Signals, a technical analysis platform cites an optimistic chart pattern that might bolster the altcoin…

SHIB failed to exit its four-week consolidation zone, courtesy of sell pressure-heavy weekend. The memecoin struggled with weak demand alongside some of its top peers. Shiba Inu [SHIB] was off to a bearish performance last week, but the bears have swiftly regained control, paving the way for a weekend retracement. As a result, the memecoin lost its silver position in the memecoin rankings. Shiba Inu exchanged hands at $0.000020 at press time, after giving up the gains achieved last week. It rallied by 26% from last week’s lowest to highest price level. This latest pullback resulted in a retest of…