Author: msmark

In the first quarter of 2024 (Q1), memecoins emerged as the most profitable crypto narrative, delivering massive average returns of 1312.6% across its top tokens, according to a recent study and report conducted by CoinGecko. This figure far surpassed the returns of other narratives, highlighting the growing popularity and frenzy surrounding memecoins in the cryptocurrency market. RWA Vs Memecoins Three newly launched tokens were among the top 10 memecoins by market cap at the end of the quarter: Brett (BRETT), BOOK OF MEME (BOME) and Cat in a dogs world (MEW).  BRETT generated the highest returns since its launch with…

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The SEC has opened comments on Grayscale, Fidelity, and Bitwise‘s applications to launch spot Ethereum exchange-traded funds (ETFs).The notices apply to proposed rule changes through which two exchanges — Cboe BZX and NYSE Arca — aim to list and trade shares of the three funds.Comments are open for 21 days following publication in the federal register.This phase is a routine procedure in the approval process for ETFs, mirroring the approach taken with spot Bitcoin ETF applications, which previously encouraged feedback from US citizens and organizations.Market correlationEach notice discusses matters that are expected to influence the SEC when it comes time…

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I’m seeing a textbook correction setup on the 4-hour chart of EUR/CAD today! Will this area of interest attract sellers soon? Check out the Fibonacci retracement levels I’m watching below. EUR/CAD 4-hour Forex Chart by TradingView Euro bears have been on a roll lately, as market players keep pricing in stronger odds of an interest rate cut from the European Central Bank (ECB) in June. On the flip side, the Canadian dollar has been able to ride the bullish wave of crude oil, which is currently being propped up by supply concerns stemming from geopolitical tensions. Remember that directional biases…

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Amid the bearish pressure witnessed in the price of Bitcoin, Captain Faibik, a popular cryptocurrency analyst and trader, has identified the potential for a significant rebound that could send BTC to an unprecedented level before the end of April. Bitcoin Might Be Poised For New Peak This Month Bitcoin is presently exhibiting a downward pressure on low timeframes, falling to the $65,000 price level after briefly touching $71,000 on Monday. Despite the adverse price action, Captain Faibik is confident there will be an uptick in the price of BTC this month. Captain Faibik’s analysis emphasizes Bitcoin’s bullish pennant formation on…

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Join Our Telegram channel to stay up to date on breaking news coverage The Origin Protocol price prediction is getting ready to cross above the 9-day moving average as the market ranges. Origin Protocol Proposes Merger of OGN and OGV to Elevate Ethereum Staking Origin Protocol, a prominent figure in the decentralized finance (DeFi) space, has suggested a strategic merger between its Origin DeFi Governance (OGV) token and its native DeFi Ethereum token, OGN. This proposal, supported by notable stakeholders including Reddit Co-Founder Alexis Ohanian and YouTube Co-Founder Steve Chen, aims to unify their offerings into a single token. This…

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VanEck believes that Ethereum‘s Layer-2 protocols will hit a collective $1 trillion market capitalization by 2030, according to a new research report published on April 3.The prediction was revealed in a detailed analysis led by VanEck senior investment analyst Patrick Bush and head of digital research Matthew Sigel.VanEck’s forecast of a $1 trillion market cap for Ethereum Layer-2s by 2030 reflects a belief in the technology’s potential to significantly enhance blockchain scalability and efficiency, marking a notable shift in the landscape of digital assets and their underlying technologies.Solving scalabilityThe investment firm’s analysis assessed the burgeoning Layer-2 ecosystem across several critical…

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Cross-chain messaging protocol Wormhole (W) has debuted with its new token at a $3 billion market cap following its highly anticipated launch. On Tuesday, the biggest crypto exchanges in the industry announced they were launching support for W, including Binance, OKX, Bitget, Backpack and WOO X. With the token going live early on Wednesday, so did the airdrop, which distributed 617.3 million W tokens to over 400,000 eligible wallets. Users with wallets on Sui (SUI), Solana (SOL), Aptos (APT), Injective (INJ), Osmosis (OSMO), Algorand (ALGO) and Ethereum Virtual Machine (EVM) compatible chains and members of the Wormhole Discord group were potentially eligible for the airdrop.…

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I was lamenting the poor performance of the March manufacturing PMI:Australian March final Manufacturing PMI 47.3 (prior 47.8)No such problem with services, though, an improvement on the month, and also on the flash reading:Australian March preliminary PMIs show manufacturing lower on the month & services higherFrom the report: Output index rising to a new cyclical high of 54.4. This is the fourth consecutive month of improvement, with the services output index increasing by 8.4 points, the largest gain in the series outside of recovery from lockdowns.services output index is now above its long-run average level of 51.7March 2024 reading is…

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Wormhole, a cross-chain communication protocol enabling the transfer of assets between blockchains, recently launched an airdrop campaign for its newly issued governance token, W. Early users were rewarded with 617 million W tokens, and the protocol also released a roadmap outlining its plans. Wormhole Protocol Unveils Roadmap According to the protocol’s roadmap, W aims to become a native multi-chain token, leveraging the advantages of both the Solana and Ethereum Virtual Machine (EVM) chains.  Initially launched as a native SPL token on Solana, W will reportedly leverage Solana’s performance, offering increased performance, scalability, low transaction costs, and fast settlement times. After…

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In collaboration with the Composable Foundation, Picasso Network has announced the integration of the Inter-Blockchain Communication protocol with Ethereum. The integration allows for transferring assets and data between Ethereum (ETH) and the Cosmos ecosystem, facilitating cross-chain interoperability. “By connecting Ethereum with Cosmos through IBC and designating Osmosis as the primary liquidity hub, we are setting the stage for a new chapter in DeFi,” stated Henry Love, Executive Director of the Composable Foundation. The effort aims to enhance the security of bridge operations and expand the possibilities for liquidity and innovation across blockchain networks, which aligns with the team’s goals for…

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