Market data from September 29 reveals that the Solana ecosystem has introduced a new Meme coin named Point of Dog (POD), which has surged over 20,000% since the token contract
According to the latest research by Coinbase, the relationship between cryptocurrencies and stock markets has become remarkable. This interplay is about 50% as of September 2024, mostly due to global monetary easing initiatives carried out by major countries such the United States and China. This study has important ramifications especially for investors trying to negotiate
Uniswap’s UNI has grown in favor of investors as the token continues its upward trajectory in the face of crucial on-chain developments. According to CoinGecko, the token surged 30% since last month, keeping the token on the green zone. With the market’s renewed bullishness, UNI might be on the road for some gains in the short term. Uniswap recently announced a development that may enhance user experience in using the platform altogether. Investors are excited as the platform continues to find innovative ways to improve user engagement. Related Reading: Bitcoin Breaks $65K With $365 Million In Spot ETF Inflows Fueling The Rally Gas Abstraction: A Leap For Uniswap UX? Across Protocol’s Chief Technology Officer, Matt Rice, and Uniswap’s Staff Software Engineer, Mark Toda recently discussed about the ERC-7702 which, if passed, would introduce a new transaction type known as externally owned accounts (EOAs). In general, ERC-7702 will implement gas abstraction, a feature that would both improve user experience and save users a ton of money in the process. ERC-7702 Uniswap’s next big leap 🦄@MarkToda from @uniswap talks with @mrice32 about how gas abstraction could simplify DeFi for millions. Is this the user experience revolution we’ve been waiting for? pic.twitter.com/UVR3Mid5HQ — Across (@AcrossProtocol) September 24, 2024 According to Mark Toda, the biggest obstacle for gas abstraction to be successfully implemented is authorizing a users address without gas on-chain. “…Think about it right now, if you are trying to send some tokens on some random chain and you’re trying to swap out of there or do anything there, right now you need to have a native token to pay the gas…or authorize the contract of some sort to take your tokens,” Toda said when asked about a scenario where a user swaps tokens with no available chains on the platform. To put it simply, ERC-7702’s most notable feature regarding gas sponsorship which helps users pay gas fees distinct from their chain of origin. This feature, once ERC-7702 is implemented, will greatly improve cross-interoperability, enhancing user experience. As of writing, ERC-7702 is still in its draft stage which means the new on-chain goodies featured between Toda and Rice are still subject to revision. Nonetheless, it presents a good future for the Uniswap community. UNI: Investors Should Watch These Levels As of writing, UNI has continued to make ground against the bears in the medium term which places the token at the gates of the $7.518 resistance level. This crucial resistance level might continue to resist in the coming days as the market hits its peak after days of continued bullish movement. Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% – Details With this in mind, investors should monitor the token’s movement in the coming hours and days as this may determine the trajectory of the token. If UNI breaks through this crucial resistance level, it opens the door toward $9.012 in the medium term. However, if $7.518 remains unbeaten or the bulls breakthrough for a short while before pulling back, it might trigger a downward movement by the bears targeting $5.899 in the medium term. Featured image from Pexels, chart from TradingView
Base has been taking full advantage of growth opportunities as the crypto market embraces bullish sentiment.
Pepe 69 could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe 69 (PEPE69), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because PEPE69 is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe 69 can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
Cryptoquant’s chief executive has expressed optimism about the return of former Binance CEO Changpeng Zhao (CZ), believing it could lead to major market movements. “Bullish vibes everywhere,” he said, emphasizing that CZ “just needs to post ‘I’m back’ and the market will skyrocket.” Cryptoquant Founder Expects CZ’s Return to Spark Market Surge Ki Young Ju,
KASPA’s rising prices have everyone talking about its quick transactions and increasing popularity. At the same time, the IMX market is showing strong gains and more trading, pointing to confidence in its future in the NFT world. However, all eyes are now on BlockDAG because of their new $1 million giveaway. This giveaway has cryptocurrency The post BlockDAG’s Latest $1M Giveaway Making Waves In Crypto Market; Updates on IMX & KASPA Prices appeared first on Times Tabloid .
One indicator suggests that rallies are on the horizon for one Telegram-based gaming token, according to a popular crypto analyst. Ali Martinez tells his 72,600 followers on the social media platform X that Notcoin (NOT) flashed a bullish signal on its Supertrend Indicator, which provides buy and sell signals based on price action and volatility. The post Telegram Gaming Token Could Surge by Over 40% Based on a Trend Indicator, According to Crypto Analyst appeared first on The Daily Hodl .
A combination of factors could take ETH past a key target again!
Shiba Inu has unexpectedly surged to a three-month high, contradicting the usual bearish trends observed in September. This spike follows the Federal Reserve’s decision to implement a 50 basis points