Solana is under threat right now, with the number of sellers climbing too.
This content is provided by a sponsor. The Best Wallet Token ($BEST) raised $11 million in presale, with signs indicating that the fundraising stage could wrap up ahead of schedule. After the Bybit hack last month, which was by far the largest crypto heist we’ve witnessed, many investors are switching to promising non-custodial solutions like
Russia isn’t waiting around for financial restrictions to ease. According to Reuters, Russian oil companies are sidestepping global sanctions ...
Investors looking for quick returns are turning their eyes to certain cryptocurrencies that show promise for short-term gains. Highlighted in this discussion are VeChain , Aptos , and Arbitrum . These digital currencies are making waves in the market and present potential opportunities for rapid growth. Discover which of these coins might be the ideal choice for immediate investment. VeChain Price Movement: Month Decline, Half-Year Gain, and Key Levels VeChain experienced a significant drop of 26.42% over the past month and a notable slip of 14.45% in just one week. Despite these short-term declines, the coin gained 8.05% over the last six months, indicating a mixed performance. The volatility in its price reflects uncertainty in the market, with sharp declines contrasting with moderate gains in the longer term. Currently, VeChain is trading within a range of $0.02 to $0.04, finding support at $0.01 and resistance at $0.06, with a secondary resistance at $0.08. Momentum indicators show bearish pressure, while the RSI at 39.13 suggests potential for an oversold bounce. There is no clear trend, so it may be prudent to observe these key levels closely, considering entry points near support and managing risk around resistance. Aptos Under Pressure: Declining Trends and Key Price Boundaries The coin has shown a consistent downward movement, with a weekly drop of nearly 14% and a monthly decline around 12%. Over the past six months, it has weakened roughly 15%, indicating persistent bearish sentiment. Price movements have remained within a narrow band, highlighting limited recovery efforts as traders confront mounting resistance and dwindling demand. Current trading reflects defensive activity. Prices range between $4.77 and $8.01, with support near $3.07 and resistance at $9.55, alongside a secondary barrier at $12.79. Indicators suggest a bearish outlook, with momentum and oscillators trending negatively. Monitoring for a break above $9.55 could present a potential bullish shift, while retests near support may offer entry opportunities. Arbitrum Faces Declines, Setting Stage for a Bullish Rebound ARB has dropped around 24.40% over the past month and nearly 34.08% in the last six months. Price swings have maintained a trading range between roughly $0.30 and $0.60, with significant downward pressure evident. The coin’s historical movement signals a sustained decline where market sentiment has lacked confidence despite periodic tests of higher levels. Current price holds between $0.2968 and $0.5993 with a nearby resistance at $0.7771 and support around $0.1721. Bearish signals dominate as indicators like RSI at 37.42 and negative oscillators hint at caution. Traders may consider buying near support and selling around the resistance if the range remains intact. Conclusion VET , APT , and ARB are promising options for short-term gains. VET shows strong potential with its real-world applications. APT benefits from recent technological advancements. ARB is gaining traction with increasing market interest. Each offers unique benefits for quick returns. Consider market conditions and individual goals when making decisions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
How long is bounce off from Binance Coin (BNB) going to last?
US consumer sentiment has plunged to its lowest level in over two years. Inflation expectations have jumped the most since 1993. The University of Michigan’s preliminary March sentiment index sank to 57.9, down from 64.7 in February. That’s the lowest reading since November 2022. Economists expected a smaller drop, making this decline worse than all forecasts in a Bloomberg survey. Consumers now expect prices to climb at an annual rate of 3.9% over the next five to ten years, up 0.6 percentage points from February. That’s the highest level in over 30 years. Short-term inflation expectations are also rising, with prices projected to jump 4.9% over the next year, up from 4.3% in February. This is the highest short-term forecast since 2022. Tariffs fuel inflation fears A major factor in the changing outlook is the expansion of President Donald Trump’s tariffs. Consumers across political lines are concerned that new import duties will drive up prices. Inflation cooled last month, but the fear is that prolonged price increases could push households to cut discretionary spending. Survey respondents expressed deep uncertainty about the economy. Joanne Hsu, director of the University of Michigan survey, noted: “Many consumers cited the high level of uncertainty around policy and other economic factors; frequent gyrations in economic policies make it very difficult for consumers to plan for the future, regardless of one’s policy preferences.” The data shows that 48% of respondents mentioned tariffs in their interviews, an unusually high number. Hsu added: “Critically, these consumers generally expect tariffs to generate substantial upward pressure for inflation in the future.” Households are also feeling the strain on personal finances. The survey shows that consumer expectations for their own financial situation hit the lowest level ever recorded. The current conditions gauge dropped to 63.5, a six-month low. The expectations index hit its weakest point since July 2022. Political divisions are evident in the sentiment data. Among Republicans, confidence fell 3 points. Among Democrats, it dropped nearly 10 points. Political independents saw a 5.4-point decline. Trump’s economic strategy shakes markets The consumer downturn comes as Trump leans into a strategy of economic pain to combat inflation. The administration has made it clear that lowering inflation and refinancing $9+ trillion in U.S. debt is a top priority, even at the cost of market stability. Over $5 trillion has been wiped from U.S. stocks over the past 2 weeks as Trump’s policies take hold. The president made his position clear on March 6, outlining his belief that “short-term pain” is necessary. On March 9, Trump described the economic period as a “transition” that will “take a little time.” Officials in Trump’s administration share his sentiment. Commerce Secretary Howard Lutnick told CNBC on March 6: “The stock market is not driving outcomes for this admin. We’re focused on the real economy.” Treasury Secretary Stephen Bessent followed up earlier today, saying, “Not concerned about a little volatility.” The change is also supported by the Department of Governmental Economic Strategy (D.O.G.E) and Elon Musk. Despite Tesla (TSLA) experiencing its 7th largest drop in history on March 10th, Elon remained calm, posting: “It will be fine long-term.” Recession as a tool to cut inflation A key reason behind Trump’s aggressive approach is the looming $9.2 trillion refinancing challenge in 2025. The fastest way to lower interest rates before this refinancing occurs is a recession. For years, the Federal Reserve attempted a soft landing, aiming to bring inflation down to 2% while keeping unemployment stable. But as inflation rebounded during Trump’s inauguration, the administration determined a new approach was necessary. Government deficit numbers add to the urgency. The U.S. deficit hit $1.15 trillion in February, a record for the fiscal year to date. That’s $318 billion more than the same period in 2024, which is a 38% increase. The worsening deficit has heightened financial pressures for both D.O.G.E and the Trump administration. Another piece of the puzzle is oil prices. Trump has focused on cutting oil costs as part of his inflation strategy. Since taking office, oil prices have dropped over 20%. Analysts at Citigroup project that if oil falls to $53 per barrel, inflation could drop to 2%. But what could force oil prices lower? A recession. Trump’s tariff strategy is already slowing GDP growth. By applying tariffs to nearly all major U.S. trading partners, the administration is limiting economic expansion. At the same time, the government is cutting jobs. Over the past 4.5 years, the U.S. added 2 million government jobs. Trump’s administration is working to reverse this trend. Reducing government jobs further increases the likelihood of an economic downturn. The administration’s plan, whether intentional or not, is clear: Lower inflation Reduce oil prices Push interest rates down Cut deficit spending Shrink the U.S. trade deficit Eliminate government inefficiencies All of these goals align with economic contraction. February’s inflation data backs this strategy. Both headline and core CPI/PPI inflation dropped more than expected. With inflation cooling, Trump sees no reason to change course. The 10-year note yield has already dropped 50 basis points from recent highs. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Major Ripple XRP supporters continue to believe the token will achieve a $5 value despite recurring market patterns and price drops. Bulk investors anticipate quick substantial gains through the emerging cryptocurrency named Remittix . The innovative payment technology solutions behind Remittix enable it to achieve success through the sale of 518 million+ tokens priced at $0.0734 and earn more than $13.8 million in revenue. Market analysts predict Remittix will exceed XRP's current valuation to approach the $5 mark yet most traders maintain that XRP will eventually achieve this target. A Look at XRP’s Path Toward $5 XRP demonstrates promising behavior while experiencing market volatility because it has not passed the $5 mark yet. The token shows price movements around $2.3428 although it got close enough to breach this limit before retreating from its previous hourly chart position. The analysts predict $2.40 as the next targeted price level when daily trading closes near $2.34. XRP is likely to establish a short-term price trend maintenance area situated within the boundaries of $2.20 through $2.40. Source: coingecko . XRP’s current price is $2.24 Analysis indicates that the $2 level draws attention when observing in the medium-term. When sellers push prices below the $2 mark the token could possibly reach $1.50 which creates an environment for ongoing price drop. CoinCodex indicates XRP will grow by 58.54% to attain $3.63 by April 12, 2025 based on mid-term analysis. Numerous experts predict that XRP will exceed the commonly debated $5 benchmark because real partnerships and improved regulations and broader adoption will make this possible. Source: coincodex . XRP Price Prediction XRP delivered unexpected market strength in previous cycles by overcoming negative press and entering new transaction agreements with industry participants. People who support XRP believe its core function as an efficient international transfer mechanism will result in a price rise to $5. Remittix: The Market-Defying $0.70 Token The Remittix token is currently at $0.0734 while obtaining more than $13.8 million during its presale stage. Remittix identifies itself as the leading advancement in crypto-to-fiat solutions by delivering swift transactions which solve money transfer issues in everyday life. Its successful presale performance demonstrated that 518 million+ tokens sold because it meets the needs of both business users and general consumers. Remittix differs from XRP by targeting partnerships beyond enterprise level spaces through combinations with remittance providers together with merchants and small e-commerce platforms. The platform operates with speed to transform digital asset trades into traditional currency swaps in order to minimize common commerce barriers. Some market observers have named Remittix a "market-defying" token because of its direct outlook which centers on daily usage adoption. Observers believe Remittix will reach $0.70 and beyond more rapidly than XRP can obtain its future major milestone. Why Remittix Might Outperform in the Near Term The user-driven business model and regulatory adherence functions at Remittix provides strong foundation for speedy development. The XRP price reaching $5 will require major announcements together with regulatory approvals and longer time periods while Remittix may achieve brief price increases by implementing different payment methods and merchants. Every partnership established by Remittix brings more everyday settlements through their instant settlement system which increases token demand. Potential investors who passed on earlier alternative coin opportunities look at Remittix as an opportunity for a quick rally. The project has to actually achieve what it promises regarding digital and fiat payment bridging to avoid risk. Final Thoughts The technical indicators alongside short-term market uncertainty indicate Remittix may have stronger potential for rapid price growth ahead of XRP fans who believe it will eventually reach $5. The $13.8 million+ presale and its daily payment solution platform makes Remittix likely to achieve better returns before its targets are reached. The decision regarding these tokens reduces to a choice between extended commitment or convenient immediate growth potential. XRP investors now face a choice between the slow ascension towards $5 value or shifting to Remittix where some potential market-beating price surges are possible within this year. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Shiba Inu community gets major warning, Here's why
Shares of Bitcoin miner Bit Digital climbed 7% after the company reported more than a 140% revenue jump in 2024, fueled by its growing cloud services segment. Bit Digital’s latest financial results suggest a major shift is underway as its expanding cloud services and high-performance computing operations appear to be reshaping its revenue mix. In a press release on Friday, March 14, Bit Digital reported $108.1 million in total revenue for 2024, a 141% increase from the previous year. The company’s management attributed the surge to the successful rapid expansion of its HPC business. Data shows that cloud services, which contributed $45.7 million, weren’t even part of the business a year earlier. “Profitability improved alongside business expansion, supported by stronger gross margins and operational efficiencies. A strong liquidity position and no debt provide the flexibility to make targeted investments that enhance capabilities and long-term competitiveness.” Bit Digital Meanwhile, Bitcoin ( BTC ) mining revenue grew 32% to $58.6 million, though its share of total revenue fell from 98% in 2023 to 54% in 2024. Profitability also appeared to improve as the company reported a net income of $0.19 per share, a turnaround from the previous year’s loss of $0.16 per share. You might also like: Bitcoin mining stocks present ‘compelling buying opportunity, analyst says Bitcoin revenue slides Still, operational figures seem to show both gains and challenges. The company earned 949.9 BTC in 2024, down 37% from 2023, pointing to challenges such as April’s halving event and increasing network difficulty. At the same time, its Ethereum ( ETH ) staking revenue grew 169% to $1.8 million. The company’s cloud expansion also continued, with agreements signed with Boosteroid and DNA Fund. A new data center project in Quebec, expected to be powered by hydroelectricity, is also in the works. “The company expects to invest approximately $19.3 million to develop the site, with potential expansion to 13MW within 24-36 months, subject to Hydro-Quebec approval.” Bit Digital Bit Digital suggested that profitability improved as the business grew, though it also mentioned that “cost-effective financing options” are being explored. The company emphasized its strong liquidity and lack of debt but acknowledged that maintaining financial discipline remains a focus. Following the news, Bit Digital’s shares soared 7% to $2.41, per data from Nasdaq. Read more: Bit Digital diversifies crypto mining business with major AI expansion
Dogecoin (DOGE) and Shiba Inu (SHIB) have both faced a rough market in recent weeks. DOGE has dropped about 40% over the past month, while SHIB also sits below past highs. Yet some experts still believe a 12x surge could happen for these two biggest meme coins. Meanwhile, a new token named Remittix (RTX) – priced at $0.0734, having raised $13.8+ million, and selling over 518 million tokens – offers a different path for investors. Below, we look at the DOGE vs. SHIB outlook and explain why RTX might stand out. Dogecoin’s Bumpy Road and Possible 12x Rally Source: CoinGecko Dogecoin, currently priced at $0.1652 , struggled after an already weak market slashed many crypto prices. The coin’s monthly losses hover at around 40%. However, some analysts say the mood might flip soon. One reason is the Relative Strength Index (RSI), currently near oversold territory. When RSI dips below 30 , it often hints at a reversal or bounce. Another factor is the possibility of a Dogecoin ETF – if the U.S. Securities and Exchange Commission (SEC) approves the product, mainstream investors can gain DOGE exposure without handling private keys or crypto exchanges. Polymarket puts the DOGE ETF approval odds at around 62%. In addition, whales recently scooped up 1.4 billion DOGE, possibly signaling trust in future gains. If all these factors line up, some watchers say Dogecoin could see a 12x price jump. Shiba Inu’s Shiboshis and Path to Gains Source: CoinGecko Shiba Inu (SHIB), at $0.00001196 , is also struggling to break out of its slump. The dev team behind SHIB keeps exploring new ways to grow the token’s reach, including a focus on “Shiboshis,” special NFTs important to the upcoming Shibarium layer-2 network. These tokens may help drive user activity in DeFi or gaming. If Shiboshis gain traction, Shiba Inu could see fresh demand from collectors or fans who love the brand. Still, a 12x jump for SHIB might hinge on another wave of meme coin frenzy. Past rallies were driven by social media hype and major whale buys. Without a big spark or positive news, it could stay range-bound. On the other hand, strong NFT adoption or Shibarium succes s could trigger renewed excitement and push the price higher. The Case for Remittix (RTX): A Different Angle While DOGE and SHIB fight for meme coin dominance, some analysts say Remittix (RTX) could outshine them in real-world value. Priced around $0.0734, with $13.8+ million raised and over 518 million tokens sold, RTX aims to make cross-border payments cheap and fast. Think about a user in India who needs to receive money from Canada. Instead of wire transfers that take days, Remittix (RTX) automates crypto conversions, depositing local rupees in about 24 hours. Families, freelancers, and small shops love this because it’s simple—no advanced DeFi or special wallets needed. Such direct usefulness might help RTX hold strong even in a choppy market, as people always need to move money across borders. Plus, the locked tokens and contract audit reduce risk. If Remittix secures big partnerships with e-commerce or payroll services, everyday adoption could soar. That scenario could give RTX as much (or more) upside as a meme coin wave—without relying solely on hype. Conclusion: Which Token Will Win the Next Wave? A 12x surge for Dogecoin (DOGE) or Shiba Inu (SHIB) is possible, especially if an ETF gets approved for DOGE or if Shiboshis spark new excitement in SHIB. However, Remittix (RTX) provides a practical route to global money transfers, and it might keep growing even if meme buzz slows. At $0.0734, with $13.8+ million in funding and 518+ million tokens sold, RTX stands ready for mainstream use. Whether meme coin mania returns or not, the real test lies in which token can attract steady, real-world demand. Ready to Give Remittix (RTX) a Go? Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.