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Crypto analyst Michael Van de Poppe has recently discussed the altcoin market’s potential for a significant breakout. The analyst highlighted a developing bullish pattern represented by a “higher low” formation. This pattern could signal a trend reversal in the altcoin market. He further suggested that the market structure indicates a possible upward shift when viewed on a larger time frame. He projects that this turnaround might become evident by September. As such, traders are seeking the top altcoins to consider for investment, anticipating the bullish trend. Top Crypto to Invest in Right Now Uniswap is the second-largest protocol on the Polygon network, with a TVL of $226 million. Meanwhile, Helium recorded an intraday price increase of 1.62%, bringing its value to $7.15. Additionally, SUN’s recent performance indicates rising market interest and optimism for decentralized finance applications. These developments place each asset among the top crypto to in...

On August 29, 2024, U.S. District Judge Alvin Hellerstein dismissed a significant lawsuit against Elon Musk and his company, Tesla , which alleged market manipulation of Dogecoin (DOGE) . The lawsuit, initiated by a group of disgruntled investors in June 2022, claimed that Musk and Tesla artificially inflated the cryptocurrency’s price, resulting in a staggering $258 billion in damages. The court ruling dismissed these claims, stating they were based on non-factual statements. Court’s Decision Judge Hellerstein’s ruling characterised Musk’s statements about Dogecoin as “aspirational and puffery” rather than actionable claims. In his decision, Hellerstein emphasised that “no reasonable investor could rely upon” Musk’s social media posts or public declarations as a basis for making investment decisions. The judge specifically cited Musk’s assertions about becoming the “official CEO of Dogecoin” and placing a “literal Dogecoin” on a SpaceX rocket as examples...

The global non-fungible token market is gradually recovering, with trading sales volume across major blockchain networks seeing a remarkable rebound. The Polygon and Solana blockchain networks are leading the market revival journey with an impressive 44% and 17% increase. In this article, we shall look in depth at the full state of the NFT market this week. NFT Sales Surge 9.30% This Week Data fetched by CryptoSlam.io, a renowned non-fungible token collection explorer backed by the crypto billionaire investor Mark Cuban, shows that the non-fungible token market continues embarking on its market revival journey and has recorded another positive gain this week. In the past seven days, the global NFT market has attracted a trading sales volume of $98 million, up 9.30% from the past week. During this period, the number of crypto investors buying non-fungible token collections has considerably increased. In the past seven days, the global NFT market has seen nearly 600,000 trade...

Unbeknownst to most of the Bitcoin community, there are apparently 400 ‘layer 2s’ operating on the blockchain. That ballpark estimate comes from Shehzan, founder of Lava, a loan platform that uses Bitcoin, Solana, and stablecoins. Speaking on the August 25 edition of the YouTube-based Gwart Show , Shehzan, along with Gwart and fellow commentator Shinobi, called into question the benefit of these hundreds of roll-ups and alternative blockchains that use Bitcoin’s ledger. Some estimates place the number at a much lower 80 or 85, while others exceed 1,000. Estimates vary to such an extent because anyone can ‘roll-up’ data and broadcast a tiny hash to any miner, which technically creates a ‘Bitcoin layer 2.’ Indeed, many are simple clones of Ethereum roll-ups, processing substantially all activities on a centralized server outside of the Bitcoin network and broadcasting a periodic hash of that state into Bitcoin blocks. Moreover, they’re easy to create . Indeed, one d...

Ripple’s XRP token has had a rough few years. The asset is down by more than 83% from its all-time high of $3.40, which it attained in January 2018, over six years ago. XRP has also failed to hit the $1 mark since late 2021, nearly four years ago. Also Read: FLOKI: Double-Bottom Pattern – Next Big Investment with 20% Surge? Despite its popularity, the cryptocurrency has failed to deliver results compared to other assets, such as Solana (SOL) or Ethereum (ETH). Factors Affecting XRP’s Performance and Future Predictions Source – CNBC Why the Poor Performance? The SEC v. Ripple case was probably the main cause of XRP’s dismal results. Financial authorities charged the fintech company with selling unregistered securities. The suit was filed in December 2020 and was a significant reason why XRP did not hit a new high during the 2021 bull run, while many other assets did. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire For Just $14 The lawsuit was recently settle...

The crypto market is buzzing with speculation as the free Durov movement continues to gather momentum. This came after the arrest of the Telegram founder last week on claims bordering on drugs, fraud, and not “opening up” Telegram. Consequently, the market is experiencing a major shakeup, and several tokens have experienced increased search volume to enter our list of most searched coins on GeckoTerminal today .  Most Searched Coins on GeckoTerminal Today The crypto market is going through a tough time. Therefore, investing in any altcoin is going to be a gamble, especially if investors fail to analyze market conditions thoroughly.  SUNDOG emerged as one of the most viewed cryptos today, with a solid 7-day price jump of over 250%. Also, Notcoin, a token closely associated with Telegram, witnessed a dramatic decline, plummeting over 20% in the wake of Durov’s arrest. Meanwhile, the Shiba Shootout presale has unlocked a new milestone, raising over $1 milli...

Vitalik Buterin’s salary has been made public. This reveal offers a look into the Ethereum founder’s earnings. It also sheds light on the Ethereum Foundation’s operations. The disclosure gives us insight into Buterin’s earnings and ETH’s finances. Also Read: BRICS: Analyst Warns of a Major U.S. Dollar Crash Ethereum Foundation’s Financials: Vitalik Buterin’s Salary and More Source: Nansen Buterin’s Annual Salary Revealed Vitalik Buterin earns SGD 182,000 (about $134,000) per year. Buterin shared this information himself. The amount is modest for someone of his influence. This openness shows the Ethereum Foundation’s commitment to transparency. This transparency gives us an understanding of Vitalik Buterin’s salary within the foundation. Ethereum Foundation’s 2023 Budget Breakdown Source: Nansen Buterin detailed the Ethereum Foundation’s 2023 expenses. 36.5% went to “New Foundations” like the Nomic Founda...