Cryptocurrency News Today TheBitTimes.com

Pepe coin, one of the staple meme coins in the crypto market, is currently experiencing a significant decline, dropping 21% over the past seven days. This weakness is happening amid a broader market downturn, with Bitcoin dropping below the $60,000 level. Inspired by the iconic ‘Pepe the Frog’ character, $PEPE has quickly gained traction among a wide range of investors. This Ethereum-based meme coin has rapidly risen to become the third-largest in its category, with a market capitalization of approximately $3.3 billion. Despite its early success, $PEPE has faced challenges as its price has come under considerable downward pressure. Although market sentiment remains cautious due to reduced retail interest, optimism persists for a potential rebound. $PEPE Crypto Price Prediction Pepe coin is now priced at $0.00000756, having fallen more than 55% from its peak. It has seen a 24-hour trading volume of $354.08 million and a slight increase of 0.58% in the past day. The 14-da...

One trader on the TRON network, TAMrp, turned an investment of $1,200 in a TRON memecoin into $10 million, according to Arkham Intelligence data. The success of SunPump on the TRON network has been a game-changer, with TRX and TRON meme coins rallying over the past few weeks. Now, a TRON trader is reaping the benefits of their meme coin investment. The trader acquired $780 TRON BULL on Sunpump and bought an additional $390 worth of the tokens when it was listed on Sunswap. The TRON network has successfully joined the meme coin hype train, reaping huge profits and increasing trading activity. TRON BULL in particular is one of the newest memecoins on TRON. Although it has only been around for a few days, the token has seen its value skyrocket significantly, rising by almost 4 million percent in 24 hours. The asset soared to a quick all-time high of $0.1635 on Thursday, before a correction Friday. While the asset has since fallen a bit to $0.121, TAMrp’s investment of 33.062 million BULL ...

Recent activity in the cryptocurrency market has caught the attention of investors, leading them to explore various options. While Bitcoin’s price has declined by 1.07% in the past 24 hours, settling at $58,000, some altcoins like Conflux, Ondo, and Stacks have shown resilience.  This stability in altcoin prices could suggest a shift in investor focus from Bitcoin to these altcoins, possibly because investors perceive greater potential for growth in these assets. As a result, many investors are actively searching for the best crypto to buy now , aiming to secure substantial gains in the market. Best Crypto to Buy Now The new Perpetual futures for Conflux offer traders a strong opportunity to leverage their positions, which could increase market activity. Meanwhile, Ondo has launched its tokenized note, USDY, on the Arbitrum Network. Additionally, Stacks has caught the crypto community’s attention with its Nakamoto upgrade, designed to boost transaction speeds and enh...

Source: Crypto.com On August 29, 2024, a significant cryptocurrency scam unfolded when the X account of renowned footballer Kylian Mbappé was hacked. The breach led to a fraudulent token being promoted to Mbappé’s millions of followers, causing substantial financial losses and raising concerns over social media security. Hack and Immediate Impact The hack occurred on Mbappé’s X account, where attackers posted promotional messages for a cryptocurrency token named ‘$MBAPPE’. According to reports, the scam token’s market capitalisation surged dramatically to $460 million before plummeting to less than $100,000. This rapid rise and fall caused devastating losses for many investors. All of Kylian Mbappe’s hacked tweets incase you missed it… A thread pic.twitter.com/4XEpWpnXQA — george (@StokeyyG2) August 29, 2024 One notable victim, whose identity remains undisclosed, invested over $1 million worth of Solana (SOL) into the $MBAPPE token ...

Currently the third-largest memecoin in the industry, Pepe (PEPE) is among the few meme cryptos launched in recent years that have managed not only to sustain their value but also see significant price increases even after their initial hype died down. The project, despite not boasting any serious utility at the moment, is dubbed by many, including experts, as one of the best investment alternatives to Bitcoin worth considering right now. Pepe Could Make an Upward Move Similar to BTC 1000PEPE price chart via Bybit, one-day Bollinger bands Currently sitting at a market cap of more than $3.3 billion after Bitcoin’s pullback this week, the PEPE token is priced at around $0.000008. Recently, the popular crypto expert who goes by the name Bluntz tweeted on X about his bullish views for the PEPE token. His comparison between PEPE and Bitcoin highlighted intriguing similarities in each crypto’s price movements. As depicted in the charts, both assets experienced a sig...

The co-founder of decentralized finance (DeFi) platform Maker (MKR) says that the rebrand of its stablecoin will have a freeze function but that DAI will continue to operate normally. In a new thread on the social media platform X, MakerDAO creator Rune Christensen says that DAI itself will not feature a freeze function – or a mechanism that stops the movement of tokens – after rumors swirled that it would. According to Christensen, the addition of a freeze function to the rebranded stablecoin will not be immediate and will have to be something hashed out and approved by the protocol’s DAO (decentralized autonomous organization). “There will be no freeze function at launch, there will just be an upgradeability. So later governance can decide how to implement something like a freeze function based on considering all data and find something that protects against as many risk factors as possible.” Christensen goes on to note that upgrading from DA...

The cryptocurrency market experienced a significant crash from August 27 to 28, liquidating thousands of traders mainly from long positions. Bitcoin (BTC) and Ethereum (ETH) led the liquidations among other cryptocurrencies, totaling over $333 million lost in 24 hours. Finbold retrieved data from CoinGlass on Wednesday morning (UTC), showing the damage from these liquidation events in a surprising crash. Essentially, 92,360 crypto traders were liquidated for $333.95 million in the last 24 hours. In particular, 82.8% were long-position traders who lost over $276.59 million from their bullish bets. The largest single liquidation happened on Binance, with the ETH/BTC pair for $12.67 million lost as ETH crashed. Picks for you Here’s why Bitcoin price is crashing 1 hour ago ...

In an important development for the crypto, Ripple has seen whales buy 50 million XRP in the past 24 hours. The move comes as the token could be looking to enjoy a massive surge in the coming days, with some traders anticipating an unprecedented move upward for the asset. The token has struggled to move beyond the $0.60 level in recent weeks. Moreover, increased volatility in the market has not helped its case. Yet, that could be set to change. As whales take action, Ripple could be in a primed position to enjoy an extended price rally. Also Read: Ripple XRP Falls 3%, Can It Reclaim $0.60 This Week Whales Snag 50 Million XRP as Price Nears $0.60 Entering 2024, Ripple had immense potential to surge. With its US Securities and Exchange Commission (SEC) lawsuit coming to an end, the regulatory clarity was poised to be massive for the token. Yet, it has struggled to capitalize. In the last 30 days, the token has stayed at its current level of $0.597, according to CoinMarketCap. Moreover, i...

Investors have now started flocking to the budding ASEAN markets as their next destination, leaving the US behind. Assumptions concerning weak US data and rising inflationary pressure affect investor sentiment, turning them all towards emerging ASEAN markets to find solid commercial footing. Also Read: Bitcoin (BTC) & Ethereum (ETH) Price Prediction For September 2024 Emerging Sectoral Supremacy in ASEAN Markets Image Source: Pixabay As expectations of the US interest rate cut grow more robust, the commercial sectors and investors look forward to exploring new trade opportunities in Southeast Asia. Rising inflation metrics have pushed investors to infiltrate the ASEAN market in search of novel trade proceedings. Reacting sharply to this change, Southeast Asian stock markets have recorded notable stock surges, welcoming the new wave of change within the economic circuit. The upcoming September rate has spurred the current rally in notable southeast stocks cut expectations. In his re...

Telegram’s native crypto coin, Toncoin (TON), experienced a significant dropoff over the weekend in price, falling 17%. The arrest of Telegram’s CEO and founder Pavel Durov in France is the most likely catalyst. Durov was detained as he stepped off his private jet at Le Bourget airport in France on Saturday. Durov’s arrest significantly impacted the price of Toncoin, which is now trading at $5.54. The French authorities dubbed the OFIM, issued the warranty against Durov. The OFIM sectoral unit deals with handling cases related to violence against minors. French authorities allege that Telegram’s lack of moderation, poor cooperation with law enforcement, and the tools it offers (like disposable numbers and cryptocurrencies) make Durov complicit in drug trafficking, child exploitation crimes, and fraud. Source: Medium/Redficrypto Before the Telegram founder’s arrest, Toncoin had been on a hot streak in terms of growth. The asset was on a path to a $50 billion market cap...

The Sunpepe price skyrocketed 51% in the last 24 hours to trade at $0.004286 as of 3.00 a.m. EST on trading volume that soared 148% to $20.6 million. Sunpepe is one of the newest Pepe alternatives to hit the market, being around for less than a full week, during which it skyrocketed over 2,385%. The project saw a strong start, hitting over 2,000 holders in only 3 days, and it managed to secure listings on several major CEXes very early on, including BitMart, Poloniex. It also announced that it would soon see listings on HTX, MEXC, KuCoin, and more, which soon came to pass. coming! HTX & MEXC & KUCOIN & MORE……. https://t.co/twiV0FsPDl — SunPepe (@SUNPEPE_TRX) August 20, 2024 The project also strongly tied its own future with that of Tron. With Sunpepe running on Tron, it is only to be expected that the token will blow up if the rest of the ecosystem is doing well. Meanwhile, Tron recently came out with a meme coin strategy that will essentially see...