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The cryptocurrency market has further recovered from its recent dip. Bitcoin (BTC) has reclaimed the $85,000 price point. The global crypto market cap has risen 1.3% in the last 24 hours to $2.9 trillion. VeChain (VET) follows BTC’s trajectory as well. VET is up 2.4% in the daily charts and 10.4% over the previous week. Despite the recent rally, VET is down by 9% in the 14-day charts, 19.6% over the last month, and 31.5% since March 2024. Also Read: Pakistan Eyes Cryptocurrency Legalization to Attract Global Investors Source: CoinGecko Cryptocurrencies Climb As Rates Remain Unchanged Source: Watcher Guru The current market rally could be due to the Fed keeping interest rates unchanged after the latest FOMC meeting. The rate of inflation in the US has dipped in the last month. The Fed still intends to have two rate cuts this year. The rally could also be investors buying the dip. VET’s low prices may have attracted new investors to the project. Also Read: Ripple: AI Predicts ...

Dogecoin (DOGE) is experiencing short-term weakness aligning with the broader market trend, but an analyst is projecting a 3,000% rally in the asset’s price. Based on historical price movements during past bull cycles, the Analysis suggests that DOGE could target a minimum valuation of about $8, according to pseudonymous analyst Trader Tardigrade in an X post on January 24.  Specifically, in prior bull cycles during 2017 and 2021, Dogecoin recorded gains of over 3,000% and 8,000%, respectively, after breaking above the previous candle body highs. Picks for you Here's when Bitcoin's bear market will start, according to expert 6 hours ago Orderly's (ORDER) one-month trading volume jumps by 157% ...

A new court ruling has reversed the sanctions placed on crypto mixer Tornado Cash (TORN) by the US government. According to a recent filing by the New Orleans-based U.S. Court of Appeals for the Fifth Circuit, the previous decision to place sanctions on the digital assets tumbler has been lifted. “It is ordered and Adjudged that the judgment of the District Court is reversed, and the cause is remanded to the United States Court of Appeals District Court for further proceedings in accordance with the opinion of this Court.” Tornado Cash was first sanctioned by the Treasury Department’s Office of Foreign Asset Control (OFAC) after being deemed a threat to the nation’s security as hackers associated with the government of North Korea were believed to have used it to clean stolen funds. Crypto mixers allow users to obfuscate the source of their digital assets by mixing them with other coins from different sources and giving each user back the ...

Shiba Inu (SHIB) made waves during the 2021 bull run. The asset’s price skyrocketed by many million percent. Early investors made millions of dollars in profit with minimal investments. Some investors even made billions. The rags-to-riches stories around SHIB solidified its status as a “millionaire-maker.” Also Read: Top 3 Cryptocurrencies To Buy During The Current Market Dip You Could Have Become A Billionaire With Shiba Inu Source: Watcher Guru SHIB hit an all-time high of $0.00008616 in October 2021. If you invested $10,000 in SHIB on Aug. 2, 2020, and sold it when SHIB was at its peak, you would have made $1.03 billion. Your portfolio’s value would have grown by 10,303,317.8% (10.3 million percent). Source: Changelly Also Read: Bitcoin Bull Pennant: Analyst Predicts $140,000 Target After Breakout If you continued to hold till today, the $10,000 worth of SHIB would have grown to $289.44 million. Your portfolio’s value would have increased by 2,894,306.7%...

Shiba Inu (SHIB) breached the $0.00003 level on Sunday, Dec. 1, 2024. The asset last traded at this price point in March of this year. The dog-themed crypto was inching closer to a new yearly high but faced a correction earlier today. SHIB’s price is down 3.8% in the last 24 hours but is up 16.3% in the weekly charts, 18.4% in the 14-day charts, 67.3% over the previous month, and 254.8% since December 2023. Also Read: Ripple XRP Breaches $2 For The First Time In 7 Years: $3 Next? Source: CoinGecko Why Did Shiba Inu Face A Correction? SHIB is facing considerable resistance at the $0.00003 level. Investors may have booked profits after the asset’s recent rally. The correction could also be due to Bitcoin (BTC) failing to reclaim the $99,000 level. The original cryptocurrency hit an all-time high of $99,645.39 on Nov. 22, 2024. BTC’s price has dipped 3.4% since its recent peak. Also Read: Cardano Breaks Through $1.05: What’s Next for ADA? SHIB’s price may have taken...

VeChain (VET) is following the market-wide rally. VET’s price is up by 10.2% in the daily charts, 42.6% in the weekly charts, 23.8% in the 14-day charts, and 23.3% over the previous month. The asset’s price has also risen by 26.6% since November 2023. Also Read: Dogecoin Price Prediction: Can DOGE Reach $1 This Month? Source: CoinGecko What’s Pushing The VeChain Rally? VET’s latest rally follows Bitcoin’s (BTC) rise to a new all-time high of $89,560.95 earlier today. BTC’s rise, on the other hand, is likely due to Donald Trump winning the US Presidential election. Trump has been very vocal about his support for the crypto sector. According to reports, Trump plans to appoint pro-crypto candidates for the top cabinet positions in key financial agencies. The development may have led to an increase in VET’s inflow. Also Read: Trump To Appoint Pro-Crypto Candidates for Key Federal Agencies Investors and market participants likely anticipate lenient c...

Shiba Inu (SHIB) has witnessed incredible growth over the past four years. The asset has made quite a name for itself, delivering massive returns to early investors. Despite its stellar performance, the asset has struggled to gain momentum over the last few years. While many believe the SHIB boat has sailed, others think there is still time to make it big with the dog-themed cryptocurrency. Also Read: These 2 Cryptocurrencies Could Rally Massively What Is SHIB’s Price If Its Market Cap Hits $50 Billion? If Shiba Inu’s (SHIB) market capitalization reached $50 billion and its supply stayed at $589 trillion, each SHIB token would cost $0.00008488. At $0.00008488, the value would have increased by almost 532.5% from its current position. Should the project’s supply decrease, each token’s price could rise above $0.00008488. Also Read: Bitcoin to Hit $100K? Investors Say Election Won’t Stop the Surge! Although the rise is positive, it is still less than the asset...

Following a favorable ruling for Ripple, the parent company of XRP, in the Securities and Exchange Commission (SEC) case, there is anticipation that the development might spark a rally in the token’s valuation. Notably, in the long-standing legal battle, a judge ordered Ripple to pay a $125 million civil penalty. However, there are signs that XRP will not be classified as a security following the ruling. Analyst’s XRP price prediction  In this context, analysts have identified several chart patterns hinting at a possible upward trajectory for XRP. For instance, crypto analyst Dark Defender suggested in an X post on August 9 that XRP is edging closer to an explosive breakout, stating, “XRP’s run is so close.” Picks for you Analyst reveals Chainlink (LINK) accumulation zone for 2025 bull market  ...

The XRP price dropped 3% in the last 24 hours to trade at $0.6047 as of 03:49 a.m. EST on trading volume that plunged 50% to $2.6 billion. This comes as the U.S. Securities and Exchange Commission (SEC) hints at a looming appeal after District Judge Analisa Torres ordered Ripple to pay a $125 million fine, while the SEC had sought a much larger penalty of $2 billion. The SEC may still be considering appealing certain aspects of the case. After a sustained surge this week, XRP now trades within the $0.60 range. Can XRP surge above the currency resistance? XRP Price To Continue Rallying The XRP price dropped from the $0.65 resistance to the $0.47 support from August 1 to August 6, according to data from GeckoTerminal . The bulls, however, capitalized on this support to push the token back to the resistance zone, forming a complete rounding bottom pattern. XRP price aims for a rally above the pattern, as the price now trades above both the 50-day and 200-day Simple Moving Averages (...