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A widely followed economist believes that the outcome of this November’s US presidential election could have significant ramifications for the crypto market. In a new interview on the Unchained Podcast YouTube channel, economist Alex Krüger says that altcoins will likely fare better if former US president and Republican nominee Donald Trump prevails. However, if the Democratic nominee and current Vice President Kamala Harris wins, he says Bitcoin (BTC) would likely be the best market performer. “If the Democrats win, you want to do Bitcoin. And if Republicans win, it should be a bet on the Solana ETF (exchange-traded fund) and on altcoins in general. Maybe this is a good opportunity to talk about DeFi (decentralized finance)… There is a narrative building up in crypto, basically talking about how fairly valued or attractive some DeFi names are. And if that were to be the case, it would make sense for that niche to do well under Trump with a view that ...

The Bitcoin market struggle to stay above the $60,000 mark is causing altcoin prices to slip towards their recent lows. The key question now is what will it take to shift the market momentum? Over the past few days, Bitcoin has remained within the lower range of $55,724 to $73,777. Instead of panicking, large-scale investors, including whales and sharks, have taken advantage of this situation to accumulate more Bitcoin. Sentiment, a market intelligence platform, noted that in the past month, wallets holding between 10 to 10,000 BTC have collectively acquired an additional 133,300 coins, while smaller traders have been offloading their holdings in frustration. Another encouraging sign for bullish investors is the continued decline in Bitcoin stored on exchanges. Data from CryptoQuant reveals that Bitcoin reserves on exchanges have dropped by 12.9% since the beginning of the year, indicating a strong long-term bullish sentiment among investors. Crypto market data...

The MUNCAT price went ballistic and surged over 57% in the last 24 hours to trade at $0.03583 as of 6:06 a.m. EST as investors buy the meme coin at a rapid pace. During the past trading session, the altcoin managed to record an intraday high of $0.04049. Some traders have since started to realize their profits. This has resulted in a drop in the meme coin’s price in the past couple hours to its current level. The MUNCAT Price Could Plunge As A Bearish Pattern Emerges 4-hour chart for MUNCAT/USD (Source: GeckoTerminal ) The MUNCAT price is attempting to overcome the resistance level at $0.03797, but could be at risk of falling soon as a bearish rising wedge emerges on the meme coin’s 4-hour chart. Should the pattern be validated, MUNCAT might pull back to the immediate support level at $0.02965. Continued sell pressure should it fall to this point could then see the crypto drop to $0.01958. MUNCAT breaking above the $0.03797 technical barrier within the next 12 hours...

Although the second-largest cryptocurrency by market cap has had a rather underwhelming few months, Ethereum is still set to surpass the $3,000 mark in 2024. Yet, the more important question is: when? The token, like much of the crypto market, has struggled with increased volatility. Traders expected that to change with the landmark arrival of Spot Ethereum ETFs this year. Becoming the second crypto-based ETF in the US, it has high hopes following Bitcoin’s success. Those products have also been underwhelming, but their turnaround could be massive for the asset itself. Also Read: Ethereum in Classrooms: Argentina’s Bold Move Sparks Crypto Revolution ETH to $3,000? Why It is Still Likely in 2024 Ethereum is firmly entrenched atop the crypto market. Standing as the second most valuable crypto behind only Bitcoin, there is no question it is likely to remain there for eth long haul. However, 2024 has proven to be filled with some important highs, and notable lows. During August, it ha...

The Helium price surged over 9% in the last 24 hours to trade at $7.43 as of 5:58 a.m. EST as investors rush to buy the altcoin. This recent gain by the HNT price was enough to flip the altcoin’s weekly performance back into the green. It also added to the crypto’s positive streak throughout the past 30 days. As a result, the Helium price is up more than 37% on the monthly time frame. The Helium Price Overcomes A Major Resistance Level 4-hour chart for HNT/USD (Source: GeckoTerminal ) The Helium price was able to overcome the major resistance level at $7.0740 after printing a series of higher highs and higher lows to form an ascending price channel. Should the crypto close a 4-hour candle above this threshold in the next 8 hours, HNT might have the technical foundation needed to attempt a challenge at the next resistance at $7.5969. On the other hand, the Helium price dropping back below the $7.0740 mark in the coming 8 hours could invalidate the bullish thesis. In t...

The implications of the federal rate cut have already started to show their ripple effect. In his recent address, Jerome Powell, the Federal Reserve chair, shared his stance on the latest rate cut expectations, adding how a policy change is already under consideration. Powell’s remark has potentially caused a domino effect on the current US economy, with investors and organizations bracing for a headstrong economic collision that may either break or make the economy’s robustness. The new currency dynamics are also at play, which may change the course of the USD in the long haul. Also Read: Investors Pivot To ASEAN Amid Weak US Data Assumptions How US Interest Rates Cut May Strengthen Yuan? Source: Gina Sanders / Fotolia via Wodicka According to Bloomberg, Chinese companies may look forward to selling their $1 trillion worth of dollar-denominated assets once the rate cut expectations are finalized. This phenomenon can trigger an “avalanche” in space, amping the price of yuan by at least...

Maker, the organization that has been issuing so-called stablecoin DAI since December 2017, has decided to introduce the ability to remotely freeze some of its stablecoins. It is incentivizing users to convert DAI into a new stablecoin, USDS, which will grant Maker insiders the ability to remotely freeze coins. For years, the self-described decentralized autonomous organization (DAO) has described DAI as a “decentralized currency that is not influenced by any entity or factor.” Now, its team has replaced that description at the top of its homepage — still cached at search engines like Google — with the much briefer “A better, smarter currency.” USDS’ freeze function “is generally expected to follow rule of law from jurisdictions where Maker needs a high level of certainty that the legal system will enforce recourse against real-world asset collateral.” Maker insiders noted that although the intention is to activate the remote freeze function, the exact timeline for activ...

The Super Trump Coin price surged over 10% in the last 24 hours to trade at $0.006641 as of 6:07 a.m. EST as traders rush to buy the political meme coin. "Whoever wins Pennsylvania wins the election." Trump's odds are up by 2%. pic.twitter.com/bP6Jgj8lh4 — Polymarket (@Polymarket) August 26, 2024 The strong 24-hour performance by the STRUMP price comes after former US President Donald Trump gained a 2% lead over his democratic rival Kamala Harris on the decentralized betting platform, Polymarket. The Super Trump Coin Price Attempting A Challenge At Resistance 4-hour chart for STRUMP/USD (Source: GeckoTerminal ) The Super Trump Coin price is attempting to overcome the resistance level at $0.007102 after it bounced off the $0.005875 support level in the last few hours. Should STRUMP break above $0.007102 within the next 12 hours, it could have the technical foundation needed to rise to the subsequent mark at $0.008269 in the short term. However, STRUMP falling ...

Several cryptocurrencies, including Bitcoin, have been bossed by the SEC’s recent meeting, which may see rate cuts implemented. Moreover, the listing og Dogs on Binance has pivoted the attention of new cryptocurrency releases, listings, & presales today .  Additionally, India’s potential approval of digital assets has introduced a wave of optimism into the cryptocurrency market. With new tokens garnering attention from a wider audience, this article offers a selection for interested investors. New Cryptocurrency Releases, Listings, and Presales Today Orderly Network, an L2 solution built on the OP stack, is gaining attention for offering a permissionless liquidity layer designed for Web3 trading. Meanwhile, DevourGO, along with its native token Fuel, is emerging as a significant player in the Web3 space, particularly within the hospitality and restaurant sectors.  Additionally, the presale of Mega Dice has surpassed the $1.7 million mark, indicating a growi...

Following the major legal ruling in the Ripple and Securities Exchange Commission (SEC) case, attention has shifted to the value of XRP and its potential to rally toward $1. In the ruling, the court imposed a $125 million civil penalty on Ripple but rejected the SEC’s attempt to classify XRP as a security, particularly in its secondary market sales.  Ripple’s Chief Legal Officer, Stuart Alderoty, emphasized that the SEC’s appeal would not alter XRP’s non-security status, noting that higher courts rarely overturn such decisions. Picks for you Ann Coulter's net worth 2024: How rich is the conservative firebrand? 11 mins ago 3 cryptocurrencies to turn $100 into $1,000 in Q4 2024 39...

The Sunpepe price has soared 315% in the last 24 hours to trade at $0.002941 as of 10:50 p.m. EST on a 59% surge in trading volume to $6.9 million. This price surge follows the listing of SUNPEPE on the Bitmart crypto exchange on August 21, with trading for the SUNPEPE/USDT pair starting at 9 am UTC. SUNPEPE is now among the top trending cryptocurrencies by market capitalization, as reported by CoinMarketCap. SUNPEPE (SUNPEPE) is the largest Pepe meme token on the TRON blockchain, and its developer says it was created to bring fun, sunshine, and love to the crypto community. Sunpepe Price In A Parabolic Curve The SUNPEPE/USD chart on the 4-hour timeframe reveals a dramatic and rapid price increase characterized by a parabolic curve. This pattern often signals bullish, solid sentiment and aggressive buying, but it also comes with the risk of sharp corrections. Before the parabolic rise, the price consolidated within a support zone, establishing a solid foundation for the ...