Author: finance
The world of business is no stranger to the ventures of Donald Trump, infamous for his forays into diverse sectors such as steakhouses, casinos, and even an ill-fated attempt at an educational establishment. However, his latest project – a Trump-branded cryptocurrency, $TRUMP – made a meteoric entrance, raking in transactions worth 500K within the first 20 seconds of its launch. In a surprising twist, Melania Trump’s launch of her own coin, Melania ($MELANIA), swiftly resulted in a reduction of $5M, or 38%, from the value of $TRUMP. As Trump’s inauguration as the next US President coincides with these launches, spectators…
Venturing into the world of cryptocurrency investment is an exhilarating endeavor, especially with the unpredictable yet potentially lucrative nature of this digital currency marketplace. One such cryptocurrency that is making waves is Dogecoin, the “king of all meme coins” as some analysts call it. The upward trend of Dogecoin, its potential to reach new highs and the dynamic investment environment it offers, can be analyzed through the lens of the Elliot Wave Theory. This theory, which involves market psychology and a pattern of impulsive and corrective waves, sheds light on Dogecoin’s probable trajectory. Is Dogecoin Destined for a $20 Spike?…
In the dynamically evolving world of cryptocurrencies, the recent launch of the Official Trump (TRUMP) meme coin by President-elect Donald Trump has raised eyebrows and instigated conversations among enthusiasts and skeptics alike. Among the later is the celebrated author and seasoned investor, Robert Kiyosaki, who views this development with a cautious eye. Despite the captivating appeal of the TRUMP coin, Kiyosaki and others in the financial world have expressed concerns about the integrity and future of the cryptocurrency arena. Robert Kiyosaki’s Skepticism about Cryptocurrencies Highlighted in a notable January 19 post, Kiyosaki, renowned for his work ‘Rich Dad Poor Dad’,…
The world of cryptocurrencies is abuzz again as Ethereum (ETH) garners increased attention, demonstrating a substantial recovery from the $2,900 mark. With an upwards trajectory of over 10% in recent days, Ethereum fortifies its position as a robust digital asset and remains a hot pick for potential growth amidst the current bullish phase. A Positive Uptick for Ethereum Analysing Ethereum’s performance, one can note an anticipated extension of its recent price surge. A technical analysis platform, Rose Premium Signals, draws attention to a potentially encouraging chart pattern that could propel the altcoin to surpass previous thresholds. Rose Premium Signals regards…
In today’s volatile world of cryptocurrency, Ethereum (ETH) finds itself in a unique position. Despite ranking as the world’s second largest cryptocurrency by market capitalization, it has been somewhat overshadowed by its primary rival, Bitcoin (BTC), in the recent bull run. Interestingly, compared to Bitcoin’s impressive performance, Ethereum’s growth has been modest, prompting investors to divert their attention to altcoins and even meme coins. Still, many analysts remain optimistic about Ethereum’s potential and view its current situation as a sign of undervaluation. ## Ethereum’s Performance Falls Short of Bitcoin A comparison of BTC and ETH’s performance over the last year…
In the world of cryptocurrency, the Ondo Finance (ONDO) is currently in the spotlight as it prepares for an expansive token unlock this week. The unlock involves a staggering 1.94 billion ONDO, or approximately $2.50 billion at present market prices. The implications of this move on holders of this currency are significant, as this represents a substantial dilution of their holdings and holds major implications for the market as a whole. A Look at Ondo Finance’s Token Flow To date, Ondo Finance has released only 14% of its total supply of 10 billion ONDO. This has been achieved through a…
In the vast landscape of the crypto world, a new main player has emerged, and his name is none other than Donald Trump. The former President’s entrance into the crypto arena has generated a wave of excitement and optimism amongst investors, comparable to the fervor witnessed in the 2021 crypto bull market. Trump’s signature memecoin, OFFICIAL TRUMP, or $TRUMP, not only grabbed headlines worldwide but also initiated intriguing discussions about the future trajectory of the crypto industry. OFFICIAL TRUMP: An Extraordinary Entry into the Crypto Market On January 17, 2025, the Cyberspace was set ablaze with the unexpected announcement of…
Picture this: Donald Trump, once holding an estimated 1% of his fortune in digital assets, now reportedly holds over 90% of his wealth in cryptocurrency. This shocking revelation has ignited a firestorm of discussion across various online platforms, with influential tech leader and former Coinbase CTO, Balaji Srinivasan, joining the conversation to discuss the potential global outcomes. Deciphering The TRUMP Memecoin’s Impact on Crypto Srinivasan communicated his belief that Trump’s massive shift into cryptocurrency could be a sign of things to come. He suggested that the phenomenon of traditional assets quickly becoming outshined by digital holdings could soon become widespread…
As we dive into the world of cryptocurrency, Bitcoin repeatedly demonstrates its volatility, with significant dips and rises within a short span. In an eventful week, the price momentarily slumped to $89,100, causing a stir among investors, only to bounce back with a dynamic surge of over 18% within less than six days. This upswing took Bitcoin to a local high of $105,900, reinvigorating the bullish outlook across the market. Notably, Daan, a top market analyst, provided a technical analysis on X, underscoring Bitcoin’s confident retest of its former annual high—a vital pedestal that has now morphed into robust support.…
As we enter the first quarter of 2025, a watershed moment seems on the horizon for the cryptocurrency market. The landscape is poised to be shaped significantly by unfolding regulatory and political narratives. A noteworthy development that’s stirring up anticipation is the possible executive order on digital currencies by Donald Trump, once he resumes office. This could tip the scales in the market movements. Trump’s inclination towards cryptocurrencies, coupled with the controversial introduction of the Official Trump (TRUMP) meme coin, is expected to pump more capital into various digital assets, thereby sustaining the bullish market trend. Amid such anticipated changes,…