Category: Cryptocurrency

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Examining Worldcoin’s Concentrated Supply at Token Launch

Following the Monday, July 24, launch of the worldcoin (WLD) token, the cryptocurrency quickly peaked at $3.30 per coin but has since depreciated by over 35%. Despite 18 months of beta testing and claims of more than 2 million sign-ups, the token has a scant 164,195 holders with its circulating supply exceeding 100 million WLD…
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Biggest Movers: DOGE Surges to Fresh 2-Month High, AVAX Rebounds on Tuesday

Dogecoin rose for a third consecutive session on Tuesday, as markets continue to speculate what role the meme coin could play on the newly rebranded X platform. The latest surge took the price to its highest level since early May. Avalanche was another notable gainer today, rebounding from recent losses. Dogecoin (DOGE) Dogecoin (DOGE) climbed…
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Find Price Support Ahead of US Consumer Confidence Report

Bitcoin rebounded from a one-month low Tuesday, as markets prepare for the upcoming U.S. consumer confidence report. The confidence index is expected to increase to a reading of 111.5 in July, up from 109.7 the month prior. Ethereum also bounced higher, after colliding with a key price floor. Bitcoin After dropping to a one-month…
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Crypto’s Newest Sector: Telegram Bot Coin Economy Swells to $138 Million

A new player has emerged in the constantly evolving cryptocurrency market: Telegram bot coins. These crypto assets, used within Telegram’s ecosystem, are leveraged to facilitate automated trades for users on decentralized exchange (dex) platforms. These distinctive crypto assets have turned into a growing economy worth $138 million. Telegram Bot Coins Enter the Crypto Marketplace The…
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Biggest Movers: DOGE Surges as Elon Musk Launches X

Dogecoin was one of Monday’s notable gainers, climbing by as much as 5%, following the news that Elon Musk was rebranding Twitter to X. Speculators believe the new platform will allow users to make crypto payments. XRP, on the other hand, fell to a ten-day low. Dogecoin (DOGE) Dogecoin surged by as much as 5%…
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AI Crypto Economy Suffers $1.42B Loss Since February Peak; Top Tokens Record Weekly Declines

In February 2023, the AI-driven cryptocurrency sector reached a staggering $4 billion in value. Yet, it has since experienced a downturn of $1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S. dollar. Downturn Hits AI Crypto Market Once a thriving market, AI-focused cryptocurrency assets have…
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Worldcoin launch divides opinions — Crypto community has its say

“What could go wrong?” Decentralized ID protocol Worldcoin has launched, receiving mixed reactions from the cryptocurrency community. The launch of the blockchain-based digital passport platform Worldcoin has polarized the cryptocurrency community, with people raising questions about its centralization, privacy and security. Worldcoin released its token, WLD, on July 24, with major exchanges such as Binance…
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Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win

Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain firm also plans an expansion in the U.K. and Europe, according to media reports quoting Ripple executives. Ripple…
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Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29K, With Key US Economic Events Looming

Bitcoin neared a breakout below the $29,000 level on Monday, as traders prepared for this week’s Federal Reserve rate decision. In addition to the Fed meeting, consumer confidence data will also be released from the United States. Ethereum hit a three-week low. Bitcoin Bitcoin (BTC) was on the brink of falling outside of the $29,000…
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Meme Coin Economy Grows by $759M in 30 Days: DOGE and SHIB Still Dominate the Market

The top meme cryptocurrency assets, as ranked by market capitalization, have increased in value by $759 million over the past 30 days. Dogecoin (DOGE), leading the pack of meme coins, has risen more than 10% in the last month. Meanwhile, the second and third largest meme coins, shiba inu (SHIB) and pepe (PEPE) have seen…
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