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The Litecoin price surged over 13% in the last 24 hours to trade at $123.55 as of 9:56 p.m. EST as investors go long on the altcoin. The jump in the LTC price comes as Bloomberg analysts say the probability of a spot Litecoin ETF (exchange-traded fund) getting approved in the US in 2025 is greater than the odds for any other crypto fund.  Our official alt coin ETF approval odds are out. Litecoin leads w 90% chance, then Doge, followed by Solana and XRP. We are only doing for 33 Act $IBIT-esque filings. But def poss to see futures or Cayman-subsidiary type 40 Act stuff get through as well. https://t.co/JSaNnifjbu — Eric Balchunas (@EricBalchunas) February 10, 2025 Both analysts posted on X, saying that the path toward a spot LTC ETF receiving approval may be the most straightforward since S-1 and 19b-4 forms have already been filed and acknowledged by the US Securities and Exchange Commission (SEC), while the regulator likely views Litecoin as a commodity as well. Litec...

A popular crypto strategist thinks an altcoin in the decentralized finance (DeFi) space looks strong against the US dollar and Bitcoin (BTC). Pseudonymous analyst Bluntz tells his 308,500 followers on the social media platform X that DeFi lending platform Aave (AAVE) is flashing multiple bullish signs on the eight-hour chart. “AAVE [is] one of my favorite looking alts here, clear ABC down on the eight-hour chart, clear five waves within the C wave AND a cracking eight-hour bullish divergence brewing. T1 (tier-one) setup in my opinion.”  Source: Bluntz/X Bluntz follows the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge after completing an ABC correction. Based on the trader’s chart, he seems to suggest that AAVE has completed the ABC retracement with a bullish divergence to support his stance on a potential reversal. A bullish divergence is typically viewed as a reversal signal as it indicates that an ...

Several trending meme coins are capitalizing on the rise of the “debasement trade.” This strategy involves investors seeking alternative assets, such as gold or Bitcoin, to hedge against economic instability. Institutional investors and hedge funds often turn to gold and cryptocurrencies to protect their portfolios and generate profits. Given these recent market shifts, selecting the right token is crucial for optimal investment outcomes. Therefore, many investors are continuously searching for the best cryptocurrencies. This article streamlines that process by offering a carefully curated list of tokens with promising potential for significant returns. Trending Meme Coins To Buy Now While Bitcoin and Dogecoin continue to dominate discussions in the crypto space, a lesser-known altcoin, Pepe Unchained , priced under $0.01, is quietly gaining traction. Analysts predict it could soar by an astonishing 50,000% upon launch. This revolutionary L-2 “chain” token ai...

An unknown entity has printed incredible gains with a recently launched memecoin on the TRON network. Blockchain “de-anonymizing” platform Arkham says that one of the earliest investors of dog-themed altcoin SUNDOG made roughly 1,183,331% in just six days on a $1,690 investment. “This trader turned $1.69K of SUNDOG into $20 MILLION in 6 days TT4S5 was one of the earliest SUNDOG buyers & purchased 104.33 million tokens for $1.69K. They currently hold $19.52 million of SUNDOG across 7 addresses, and also sent $1.08 million SUNDOG to exchanges – for a total profit of $20.60 million.” Source: Arkham/X SUNDOG, launched earlier this month, is trading at $0.2237 at a market cap of $223 million. The altcoin was launched on Sunpump, a platform for memecoin launch & trading, stake-mining, and self-governance on TRON backed by the chain’s founder, Justin Sun. According to analytics platform Dune, Sunpump has already done more ...

Solana is elevating its token functionality, providing developers with enhanced control by implementing customizable token ownership and usage rules.  This development is the result of the Solana (SOL) Foundation’s recent announcement about the activation of “token extensions” on Solana’s SPL token standard, a project that has been in the works for over a year, previously known as Token-2022. The key objective of these token extensions is to bolster compliance capabilities for entities creating tokens on the Solana network. The Solana Foundation highlights that these extensions enable businesses to embed specific functionalities directly into their tokens. Features such as whitelisting, automatic transaction fees, and confidential transfer mechanisms are now possible, marking a significant upgrade from previous capabilities. 1/ The future of tokenization is now: Introducing token extensions, ready-to-use advanced token functionality on Solana.https://t.co/zN...

This latest report from Cointelegraph Research dives into the tsunami of solutions coming onto the market that improve security, privacy and speed from existing protocols. The long-awaited “ crypto spring” may be upon us as Bitcoin (BTC) and other crypto currency markets rise in anticipation of a full-on bull market.  Over the recent crypto winter, many different projects have been growing, gaining users and building new networks. Some of these, like Polygon, are layer-2 (L2) solutions to help scale the primary protocol, Ethereum. But what are the implications of L2s? Are they a better protocol to build on or invest in? Are other layer 1s (L1s) doing anything to stay competitive? These questions and more are the focus of a new report from the Cointelegraph Research Terminal. The report looks at up-and-coming projects in the crypto verse, as well as case studies for L1s like Avalanche and Hedera and how they compare to the new tech that is on the rise. Download the report on the Coin...

A recent report revealed that altcoin trading in the South Korean crypto currency market was high, in contrast to majors like Bitcoin (BTC) and Ether (ETH) where trading activity has declined in comparison.  The number of South Korean investors was estimated to reach about six million in the first six months of 2023, a figure accounting for 10 percent of the South Korean population, according to a survey carried out by the Korea Financial Intelligence Unit, as reported by DeSpread Research. Meanwhile, most of these investors use centralized exchanges (CEXes) for their trading activities, which explains the popularity of CEXes as against their decentralized counterparts.  In South Korea, there are four major cryptocurrency exchanges — Upbit, Bithumb, Coinone and Korbit — with Upbit being the country’s largest player at 80 percent, while Korbit’s market share is below one percent.  You might also like: Upbit receives license from Singapore’s financial r...

The outflow of assets from the crypto exchanges is considered a bullish sign as it indicates traders are moving their assets away from exchanges in anticipation of a price surge. Major crypto exchanges recorded a net outflow on Oct. 24 as Bitcoin price briefly touched the $35,000 mark for the first time in a year. The movement of funds away from exchanges is considered a bullish sign as traders move their asset s away from the centralized platforms in anticipation of a price surge . According to data shared by crypto analytic firm Coinglass, Binance saw the biggest outflow with over $500 million moving off the exchange over the past 24 hours followed by crypto.com with $49.4 million in outflow followed by OKX with $31 million in outflow. Most other exchanges recorded below $20 million outflow. Outflow from crypto platforms in recent times has led to “bank run” fears after the FTX collapse in November, however, the most recent outflow is more in line with trader sentiment than f...

Bitcoin and several altcoins are taking a breather after the sharp rally of the past two days, but the general trend remains bullish. Ripple Labs’ victory in the case against the United States Securities and Exchange Commission gives a significant boost to the crypto industry. In addition to benefitting Ripple and XRP (XRP), analysts believe that the ruling will weaken the regulator’s case against Binance and Coinbase. In another positive event for the crypto space, the U.S. dollar index (DXY) completed a bearish head and shoulders pattern on July 12 and followed that up with a drop below the psychological level of 100 on July 13. The DXY typically moves in inverse correlation with Bitcoin (BTC), hence its weakness is a positive sign for the crypto bulls. Daily cryptocurrency market performance. Source: Coin360 LookIntoBitcoin creator Philip Swift said that increased on-chain spending volume shows that Bitcoin is in the first stage of a bull market. The sharp rally in XRP and several ...

Bitcoin has reclaimed the $26,000 level, but will large cap altcoins follow BTC's rebound? Bitcoin (BTC) is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock having filed an application for a Bitcoin spot exchange-traded fund could not boost prices higher. This suggests that investors remain cautious due to the regulatory overhang. However, this does not mean that professional investors have abandoned plans to invest in cryptocurrencies. The Laser Digital Investor Survey of institutional investors conducted in April shows that 90% of the respondents were ready to consider putting money into crypto if the asset was backed by a “large traditional financial institution.” Another positive was that 82% of the investors polled were positive on crypto’s prospects over the next 12 months. Daily cryptocurrency market performance. Source: Coin360 Glassnode co-founders Yann Allemann and Jan Happ...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin has been unable to break through the $29,000 level and why crypto prices have been falling. In today’s The Market Report episode, analyst and writer Marcel Pechman discusses why crypto prices are going down after Bitcoin (BTC) failed to break above $29,000, plus whether or not Jerome Powell is lying about keeping interest rates above 5%, and lastly, what Warren Buffett meant by the “incredible period” coming to an end. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel. The first news article explains why Bitcoin has been trading in a narrow range near $28,000. The culprit? The standoff between markets and policymakers as United States Federal Reserve Chair Jerome Powell publicly stated that interest rates are unlikely to come down this year. Meanwhile, the markets for risk-on assets have firmly priced in rates to decrease in the coming months. Pech...

XRP nears key breakout but lackluster volumes may spoil its 30% rally setup. XRP (XRP) rose 2.1% to $0.52 on April 11, extending its daily gains from $0.50 alongside a broader cryptocurrency market rally as traders pinned hopes on easing inflation data into April 12. XRP price: lackluster volumes raise risk of 25% correction XRP's upside move brought it closer to breaking out of its prevailing bull pennant range with a price target of $0.65. XRP/USD daily candle price chart. Source: Tradingview However, lackluster volumes accompanying XRP's gains hinted at a potential price correction in the future. That could mean a short-term pullback toward the pennant's lower trendline near $0.51 in April or a broader correction altogether invalidating the bullish continuation setup. The extended selloff scenario is best visible on the weekly chart below, wherein a key resistance-turned-support line has limited XRP's upside prospects. XRP/USD weekly price chart. Source: TradingVi...

While LidoDAO’s current inflows of about 1000 stETH are sufficient to cover operating costs for the time being, it’s worried that may not last. The decentralized autonomous organization (DAO) behind Lido — the largest Ethereum staking pool — is deliberating whether it should sell or stake the $30 million in Ether (ETH) from its treasury. A proposal was submitted on Feb. 14 by the DAO’s financial unit, Steakhouse Financial that considers four choices, one of which contemplates staking part or all of its ETH on Lido in the form of Lido Staked ETH (stETH). Another would see Lido DAO selling a part or all of its 20,304 ETH for a stablecoin, with the purpose being to extend the DAO’s runway. The four proposals (pictured) submitted by Steakhouse Financial to the LidoDAO asking how it should manage its treasury. Source: Lido The proposal comes as ETH staking withdrawals will soon be enabled through Ethereum’s Shanghai and Capella upgrades expected to take place sometime in earl 2023 accordin...

BTC price could remain range-bound in the near term, but MATIC, HBAR, LDO and BIT could continue higher. Bitcoin (BTC) price is trying to recover over the weekend but the current bounce lacks conviction. This suggests that dip buyers are nervous to load up before the release of January’s consumer price index data on Feb. 14 as that could boost short-term volatility.  Although the near term is uncertain, analysts at Delphi Digital expect the United States Federal Reserve to pivot to an accommodative policy later in the year and that could be favorable for risk assets. Crypto market data daily view. Source: Coin360 Another bullish projection came from Pantera Capital CEO Dan Morehead who said that Bitcoin’s “seventh bull cycle” may have begun. Morehead highlighted that the decline from November 2021 to November 2022 lasted 376 days and that BTC price witnessed a 77% drawdown, in line with the median downdraft of 307 days and a median drawdown of 73% seen during earlier bear markets. T...