Despite signs that the memecoin Market might be slowing down, successful cryptocurrency traders, known as “smart money,” are still pursuing quick profits from these speculative assets. Recent memecoin launches related to former President Donald Trump have disappointed some investors, leading to a cautious shift towards stablecoins. However, smart money traders remain open to taking risks ...
Predicting Bitcoin’s value in the next five years is challenging, mainly due to its volatility. Instead of making guesses, it’s better to consider the factors that could influence its price. Recent developments like the introduction of Bitcoin ETFs have made investing easier, potentially driving demand. However, economic uncertainties, including the possibility of a recession and ...
Binance founder Changpeng Zhao (CZ) recently emphasized the importance of focusing on utility in artificial intelligence (AI) applications rather than creating new cryptocurrencies. He believes that AI agents should use established cryptocurrencies like Bitcoin, Ethereum, or Binance Coin for transactions instead of launching their own tokens, which may not be necessary. CZ’s comments have sparked ...
Donald Trump’s latest venture, a cryptocurrency called $TRUMP, has stirred mixed reactions, even among his supporters. Launched recently, the coin saw its value surge dramatically from $6 to over $70 within a day, temporarily boosting Trump’s net worth by billions. However, $TRUMP is classified as a “memecoin,” lacking solid business fundamentals, and its value is ...
SEC Chair Gary Gensler recently discussed Bitcoin’s speculative nature during a CNBC interview, comparing its global appeal to that of gold. He emphasized that while Bitcoin is not classified as a security, many other cryptocurrencies may fall under securities regulations, highlighting the need for investor protection due to the high risks involved in the crypto ...
Bitcoin has had an incredible year, rising 146% year-to-date and recently reaching an all-time high just over $108,000. However, a lesser-known cryptocurrency, Sui, has also made waves, climbing 430% this year and setting its own all-time high. Launched in May 2023, Sui gained attention due to a favorable research report highlighting its rapid growth and ...
