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The post BONK Price Remarkable Rise: Solana-Based Memecoins Breaks Out appeared first on Coinpedia Fintech News The cryptocurrency market is currently experiencing a notable uptick in activity, particularly among tokens associated with dog-themed cryptocurrencies. Among these, BONK, a token built on the Solana blockchain, has emerged as a frontrunner, showcasing a remarkable 12% increase in its value. The meme coin market continues to surprise with Bonk’s sudden rise in Solana. Dog-Themed Altcoins Sees Gains Dogecoin, the largest dog-themed cryptocurrency, has seen an incredible 18% surge in market capitalization, impacting other tokens like Shiba Inu and Floki. Among all Dogecoin, Floki Inu, Shiba Inu, and Bonk have seen significant gains in the past 24 hours, with their current gains of 16%, 11.7%, 12% and 13.4%, respectively. The crypto market is linking this sudden rise of dog-theme tokens to an early impact of rumors related to integrating crypto payments on X/Twitter’s platform, which has sparked optimism in the market. Other dog-themed tokens like BONK and Floki Inu’s have recently surged in this flash flood. Meanwhile, Floki’s rise is linked to plans to offer regulated digital banking accounts funded by Floki tokens, enabling international transfers. Bonk’s rise is related to Bitcoin’s rise. Meanwhile, Dogecoin has over 7.2 million non-zero addresses and completed over 313 million transactions since its inception. On-chain data shows that Dogecoin whales have increased overall activity, boosting optimism. On top of this, Musk announced that X is close to obtaining a California money transmitter license earlier this month. BONK Riding the Bitcoin Wave Despite market volatility, BONK has demonstrated resilience, steadily climbing from recent lows. Notably, the token surprisingly up from $0.000025 to $0.000029 during Thursday’s trading session, marking a noteworthy gain within a short period. Several factors have contributed to Bonk’s breathtaking ascent. BONK’s upward trajectory aligns with a broader positive sentiment surrounding Bitcoin, the leading cryptocurrency by market capitalization. Bitcoin’s resurgence, reclaiming the $71,000 mark, has contributed to the overall optimism in the market, further fueling the rise of BONK and other dog-themed tokens. Notably, a rise in investor risk appetite, particularly for Solana tokens, has driven Bonk’s rise. The Road Ahead: Can Bonk Hold Its Ground? The Solana ecosystem is still going up, but there is one question that people still want to know: can Bonk keep its coveted spot in the top three? The current trend points to a continued need for high-risk, high-reward crypto assets, especially among dog lovers. However, the real test is still to come. Only time will tell if Bonk can handle the rough seas of competition and maintain its place among the top crypto companies.
The post This RWA Altcoin on BlackRock’s Radar? Insights From a Crypto Analyst appeared first on Coinpedia Fintech News Financial giant BlackRock has been making waves in cryptocurrency with its recent moves into tokenized funds and potential involvement with real-world asset (RWA) tokens. This article explores BlackRock’s multifaceted approach to digital assets, analyzing several developments: While BlackRock has not officially announced its next move in Real Work Assets Tokens, analysts speculate that Aptos, a layer 1 blockchain, could be a strong contender. This speculation stems from a confluence of factors, including Aptos’s upcoming RWA (real-world asset) announcement and BlackRock’s well-documented interest in tokenization. Aptos Emerges as Potential Investment for BlackRock According to a recent tweet by Layergg, Aptos is poised to make a significant announcement related to RWAs in April. This news has piqued the interest of industry observers, as BlackRock has been a vocal proponent of the potential of tokenization for traditional assets. 7/ If a partnership with a global asset management company is announced, it is highly likely that $APT will walk the same path previously taken by $AVAX.Avalanche's partnership:– FX Solution (Citi & Fidelity)– Project Guardian (JPMorgan & Wisdomtree)➜ Avalanche saw a price… pic.twitter.com/7C1tsB7P9R— Layergg (@layerggofficial) March 27, 2024 Furthermore, Aptos founder Mo Shaikh’s prior experience working at BlackRock adds another layer of intrigue to the possibility of a partnership. Shaikh’s familiarity with BlackRock’s investment strategies and risk management frameworks could prove invaluable in forging a successful collaboration. While it remains to be seen whether BlackRock will ultimately choose to invest in Aptos, the upcoming RWA announcement and Shaikh’s background suggest that Aptos is a strong candidate for BlackRock’s consideration. BlackRock’s multi-pronged approach suggests a comprehensive strategy for engaging with the crypto ecosystem. From yield-bearing stablecoins to regulated tokenized funds and considering RWA tokens, BlackRock is emerging as a significant player in bridging traditional and digital finance. Whether BlackRock chooses Aptos or not, one thing remains clear: its presence is a positive indicator for the overall growth and maturity of the digital asset market.
The post Filecoin (FIL) Price Prediction: 100x Rally on Cards by 2025 appeared first on Coinpedia Fintech News After establishing a robust bear market support level around $3 last year, Filecoin (FIL) price has signaled the onset of a fresh bull run. The mid-cap altcoin has gained more than 200 percent since October last year to trade around $9.32 on Friday, during the early London session. The utility-based altcoin, with a fully diluted valuation of about $18.4 billion and a daily average trading volume of approximately $253 million, has attracted significant investment and integrations in the recent past. As a result, it is safe to assume that FIL price will reach a new multi-year high in the coming months. Long-Term Target for Filecoin Price If you're Aiming to Retire by 2025, Buy $FIL now and HODL with the Patience.Long term Target : $100 #Crypto #FIL #Filecoin pic.twitter.com/Qms99i2Hod— Captain Faibik (@CryptoFaibik) March 29, 2024 According to a FIL price technical analysis by a popular crypto analyst named Captain Faibik, the mid-cap altcoin aims to rally above $100 in the long haul. Notably, this FIL price target is still below its all-time high (ATH), around $236. However, the FIL price target coincides with the same level of Bitcoin price consolidated before rallying beyond 2021’s ATH. Notably, the FIL price against the US dollar in the weekly time frame has been forming a rising trend, characterized by higher highs and higher lows. Why Bet on FIL? The Filecoin network has grown into a reputable decentralized storage system since its launch in 2017. Furthermore, the Filecoin team raised over $200 million through its initial coin offering (ICO) in 2017, which has helped develop its network. As the web3 ecosystem grows exponentially worldwide, the need for decentralized and secure storage systems is inevitable. Consequently, the Filecoin network provides reliable, affordable, and secure decentralized storage.
The post Dogwifhat (WIF) Price Surges to $4, Becomes Third-Largest Memecoin Flipping PEPE appeared first on Coinpedia Fintech News Dogwifhat (WIF) is more than speculations now, after gripping the 3rd largest position in the meme sector; this rise you cannot ignore. Let’s swipe into the real possibilities behind this massive surge. Rise of Dogwifhat Dogwifhat, which has been gaining popularity since its launch late last year, has quickly become a favorite among crypto investors, joining other canine-themed coins such as Dogecoin and Shiba Inu. As per current data, Dogwifhat has seen a huge increase in open interest, which has now topped $500 million. This shows that traders are optimistic about the price going up and suggests that a rally may be on the way. In the middle of this price rise, a single Dogwifhat address made an amazing $134 million, which shows how much the token has gained. The price of WIF went up to $4, which led to over $1 million in short sales and made people speculate that the price would keep going up. Technically It’s Oversold? Dogwifhat’s RSI, currently at 69, indicates an oversold coin, potentially triggering a price correction due to a large community waiting for the best time to ripe gains. The recent price surge pumped Dogwifhat to a market capitalization of $4 billion, solidifying its position as the third-largest MEME token in the market. This achievement places WIF ahead of PEPE and positions it behind leading MEME tokens such as DOGE and SHIB. Notably, the largest holding address for WIF has seen significant profits, reaching $134 million, indicating continued bullish sentiment surrounding the token. After Flipping PEPE, What Next? Looking at the broader picture, Dogwifhat is expected to hit a market cap exceeding $10 billion in the coming years, positioning it as a strong blue-chip meme coin in the crypto market. However, the market is also buzzing the recent price rally to $4 led to $2.09 million in liquidations and a 29% rise in open interest to $528.6 million. All because, Dogwifhat prioritizes decentralization and community-driven governance, with a capped supply of approximately 998.9 million tokens, making it a pure meme coin driven by community engagement. Good time to try Dog theme coins? Tell us your views.
The post BONK Price Prediction: ChatGPT Predicts Bull Run In April appeared first on Coinpedia Fintech News With the Bitcoin price back at $70,000, the investors are regaining the confidence to enter the meme coins and refuel the bull run. Amidst this bounce back as a recovery, the BONK price is shining bright as the next potential top performer. As per the growing speculations around the BONK, the sideline traders are anticipating a massive jump in the meme coin. Further, with the multiple BONK price predictions forecasting a jump beyond $0.001, the investors are lining up. To find out more, we not only did a price analysis but also asked ChatGPT to give BONK price predictions. The Reversal Rally Signals a Potential Breakout With a double bottom pattern at the crucial support of the trend-based 50% Fibonacci level, the BONK price launches a reversal rally. Currently, the meme coin surpasses the 20-day EMA and heads above the $0.000025 mark. TradingView With a V-shaped reversal, the meme coin shows a potential breakout of the $0.00003396 mark to hit a new all-time high. As per the trend-based Fibonacci levels, the uptrend could hit the $0.000072 mark at the 2.618 Fib level. The price analysis predicts a continuation of the prevailing uptrend, so the BONK price is teasing a bullish April. However, to verify our analysis, we asked ChatGPT to predict the BONK trend. ChatGPT Predicts BONK Price To Hit $0.000054 We shared the daily chart of BONK price analysis with ChatGPT to predict the meme coin’s price movement in April. Here’s what the AI model predicted for the meme coin. Using the analysis and key components from the chart, the GPT predicts a bullish and bearish scenario for the meme coin. In an optimistic approach, the AI predicts a bull run to the 1.618 Fibonacci level at the $0.000054 mark. Conversely, a downfall rally could hit the 23.60 Fib level at the $0.00001596 mark.
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