The post Kraken Adds 19 Tokens to Roadmap Amid Optimism for US Crypto Regulations appeared first on Coinpedia Fintech News Kraken, the second-largest crypto exchange in the United States, has unveiled its latest coin listing roadmap featuring 19 tokens, including BNB, DYDX, AR, and LQTY. This move signals Kraken’s expansion strategy as it anticipates a more relaxed regulatory environment under President-elect Donald Trump. The crypto community expects fewer restrictions on token listings in the US, …
The post XRP Price Rallies After Gary Gensler’s Exit – Is Ripple vs SEC Lawsuit Reaching Its End? appeared first on Coinpedia Fintech News With preparations for Gary Gensler’s exit in January 2025, will it mark the end of the XRP lawsuit? XRP’s price reacted to this news and pumped over 20% and XRP is currently trading at $1.52. With the rate it got up, it seems a bigger target is on the way if the Ripple vs SEC …
According to recent data from DeFiLlama, Binance experienced a substantial net inflow of $8.73 billion in crypto assets within the last month. This influx has significantly boosted the exchange’s total
The ongoing Bitcoin bull market has sparked renewed interest in on-chain metrics to fully understand the bullish trend behind the scenes. Earlier today, Avocado Onchain, a CryptoQuant analyst, shared his perspective on Bitcoin’s market performance, focusing on the widely-used Market Value to Realized Value (MVRV) ratio. This indicator is often used to assess Bitcoin’s valuation about its realized cap, which represents the aggregated value of all Bitcoin based on its last movement price. Related Reading: Bitcoin Hits S2F Threshold: Should You Hold Tight Or Take Profits? What Bitcoin MVRV Metric Currently Signals According to Avocado Onchain, the MVRV ratio provides key insights into market cycles. Historically, when the MVRV ratio dips below 1, it signals a market bottom, while values above 3.7 have coincided with potential market tops. As Bitcoin approaches new all-time highs, the MVRV ratio’s behavior suggests a shift in market sentiment from skepticism to optimism. This raises critical questions about how investors should interpret these metrics during a bull cycle. The MVRV ratio, calculated by dividing Bitcoin’s market cap by its realized cap, offers insights into whether the asset is undervalued or overvalued relative to its historical averages. Avocado Onchain emphasized that the ratio might not necessarily reach 3.7 in this cycle, as seen in prior bull markets, but could still signal overvaluation at lower levels. He noted that the ratio’s peaks and troughs have shown a narrowing trend, with higher lows and lower highs. MVRV Historical Patterns Drawing from historical patterns, the CryptoQuant analyst noted: In past cycles, detailed analysis of historical charts shows that in 2017, the MVRV ratio first reached 3.7, but Bitcoin’s price didn’t peak until six months later. Similarly, in 2021, the peak followed about three months after the ratio hit 3.7. Avocado Onchain suggested that while the MVRV ratio signals “overvaluation,” it does not guarantee an imminent price peak. Instead, the ratio often lingers around the overvaluation range, reflecting ongoing bullish sentiment with price fluctuations. Related Reading: Bitcoin Officially In Overheated MVRV Zone, Rally End Near? To mitigate risks, Avocado Onchain advises against relying solely on the MVRV ratio for investment decisions. He advocates for a gradual selling strategy as the ratio rises, allowing investors to balance potential gains with reduced exposure to market corrections. The analyst particularly concluded, stating: Asset prices often enter phases of extreme overvaluation that cannot be fully explained by numerical data alone. During a bull market, it’s essential to use not only on-chain metrics but also factors like investor sentiment, macroeconomic trends, and government policies to develop a well-rounded. Featured image created with DALL-E, Chart from TradingView
The dominance of Ethereum in defi makes it the top choice for stability and institutional-grade projects but Solana’s speed and affordability could see it outpace Ethereum in relative gains. Ethereum vs Solana: Who Emerges on Top Ethereum (ETH) and Solana (SOL) are two powerhouses in the blockchain industry, each representing different approaches to scalability, decentralization,
Solana and Ripple dominate, but DeFi newcomer Lunex Network emerges with a promising offering for crypto enthusiasts. #partnercontent
Solana and Ripple dominate, but DeFi newcomer Lunex Network emerges with a promising offering for crypto enthusiasts. #partnercontent
The post FTX Liquidators Moving Millions: What It Means for the Crypto Market? appeared first on Coinpedia Fintech News If you’ve been keeping an eye on FTX’s bankruptcy proceedings, things just got even more interesting. FTX just made another big move. Recently, liquidators received 1.85 million RAY tokens, worth about $11 million. This could change a lot of things in the crypto market. With these massive transfers, it looks like FTX is still working …
XRP has retraced slightly since the local peak but it is still well in the green on a daily scale.
After Sui’s outage, investors flock to Rollblock, eyeing its unique tokenomics and 100x growth potential post-presale. #partnercontent