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The Chainlink (LINK) price has seen a significant surge after partnering with Abu Dhabi’s ADGM. This sparks a bullish sentiment signaling a major rally ahead. Experts remain optimistic about LINK’s future trends and predict that Chainlink will soon ascend to new highs.

Let’s unveil Chainlink’s recent Abu Dhabi partnership and its potential implications on the LINK price.

Chainlink (LINK) Price Sees Major Rally: Is $44 the Next Target?

Driven by recent developments, the Chainlink (LINK) price has seen a significant uptrend. With its price increasing by more than 8% in a week, Chainlink is expected to continue its bullish path.

Recently, an analyst, known on X as CW, spotted a bull flag pattern on Chainlink’s one-day chart. While $12 serves as a crucial support level for the Chainlink price, the rally past the mark indicates the token’s potential upward trend. CW also pinpointed $18 as a resistance level, predicting that if Chainlink surpasses this point, it could soar to $44.

What Moves LINK Price Up?

In the latest development within the Chainlink ecosystem, the platform entered into a strategic partnership with the Abu Dhabi Global Market (ADGM) to promote tokenization in the UAE. As part of the collaboration, Chainlink and ADGM have signed an MoU to create a secure and legally sound environment for asset tokenization in financial markets.

Significantly, ADGM will provide regulatory guidance, frameworks for secure tokenization, and expertise in asset tokenization. At the same time, Chainlink will contribute its technical expertise, blockchain-based solutions, and tokenization infrastructure.

Acknowledging ADGM’s resilient infrastructure, Angie Walker, Senior Executive Officer at Chainlink Labs Abu Dhabi, stated,

Our alliance will elevate the blockchain ecosystem in the UAE, driving greater innovation and adoption. We are excited to see projects under the purview of ADGM Registration Authority adopt the Chainlink standard, enabling seamless compliance, enhanced connectivity across markets, and highly secure on-chain services.”

Chainlink Future Trends: Analyst Insights

LINK price today traded at $15.31, up 0.31% over the past day. The Chainlink price has experienced an 8.3% surge over the past week despite a monthly decline of 14%. The 24-hour trading volume, currently at $339.14 million, has seen a slight increase of 1.59%. As per a LINK price prediction, the crypto may not witness massive gains ahead based on the current trends.

Reflecting on this positive sentiment, analysts like CW foresee a major bullish upswing. Analyst Marzell provided a detailed analysis of Chainlink presenting a weekly chart. According to him, LINK is currently trading within a clear rising wedge structure, having just bounced off the 0.786 Fibonacci level at $13.55. This level is historically a strong retracement zone.

As this surge aligns with the lower trendline support, it hints at a potential continuation of the upward momentum. If this trend is sustained, the Chainlink price could hit $25.80, $32.66, and $40.70.

The post Can Chainlink (LINK) Price Hit $44 Amid This Crucial Partnership? appeared first on CoinGape.

25 Mar 2025, 3:51 am

XRP price can register a massive rally this week amid reports that the US Securities and Exchange Commission (SEC) will vote on closing the Ripple lawsuit on March 27. The end of this case will also put Ripple’s IPO plans in motion as the company seeks to be publicly listed in the US. Amid these developments, speculation is rife that Ripple price could skyrocket past $5. 

XRP Price Eyes $5 as SEC Votes to End Ripple Lawsuit

Last week, Ripple CEO Brad Garlinghouse disclosed that the SEC would not pursue its appeal in the XRP lawsuit. Despite the remarks, the SEC has yet to issue an official statement on the case’s closure. This has caused choppy moves for XRP price. 

However, analyst Zach Realtor now believes that the SEC will issue an XRP case update before the end of the week. He stated, 

“On Thursday, March 27th the SEC Commissioners will conduct the “official” vote to end their appeal against Ripple. Official announcement will follow shortly.”

Realtor also noted that on the same day that the vote is expected to happen, the incoming SEC Chair Paul Atkins will have his first nomination hearing at the Senate Banking Committee. If confirmed, Atkins’ term will run until 2031. His tenure could bring forth positive developments in the US crypto industry. 

Ripple IPO Speculation Heats Up 

The end of the SEC vs. Ripple lawsuit will bring massive gains for XRP price, but also support the growth of the company. This is amid speculation that Ripple will file for an IPO. 

While speaking to Bloomberg last week Garlinghouse revealed that the end of the SEC case had made an IPO filing possible. However, such a move was not a priority for Ripple. 

“I think that’s available and the company is at a stage where we can consider that. That being said, it isn’t a huge priority… We are more proactive in looking at acquisitions.” 

Whether Ripple pursues an IPO after the SEC case officially closes or makes strategic acquisitions, XRP price is eyeing a parabolic rally. 

Can XRP Price Reach $5 This Week? 

Ripple price trades at $2.44 today and could be on the verge of a breakout past $5 this week if the SEC vote happens and confirms the end of the case. Moreover, analyst Crypto Patel has shared a bullish XRP price prediction saying that this US made altcoin could rally soon after sweeping all the sell-side liquidity. 

In his analysis, Patel observed that in late January Ripple rallied shortly after completing a similar liquidity sweep. If history rhymes, XRP price could soon target $3.40. Breaking past this level will unlock a rally towards $5. 

Besides the bullish technical outlook, the other factor that makes it likely for XRP price to reach $5 this week is open interest. Despite the sideways price movement, the OI remains at elevated levels at nearly $4 billion according to data from Coinglass. This indicates that traders are not closing their positions, which further highlights a bullish XRP price prediction.

The post Can XRP Price Reach $5 This Week as SEC Votes to End Lawsuit and Ripple IPO Looms? appeared first on CoinGape.

25 Mar 2025, 3:44 am

Following renowned asset manager 21Shares’ venture into Europe with crypto-backed ETPs, BlackRock echoed a market buzz with its plans to launch Bitcoin ETP in the region. The company revealed in an official statement that the iShares BTC ETP will be available on Xetra and Euronext Paris under the ticker IBIT starting this Tuesday. Furthermore, the same ETP product will also feature on Euronext Amsterdam commencing the same day.

As global pro-crypto ushers gain significant momentum, market participants are also eagerly awaiting a BTC breakout ahead.

BlackRock Deploys Bitcoin ETP In Europe

According to a recent Bloomberg report on March 25, BlackRock is introducing Bitcoin ETP in the abovementioned markets across Europe this Tuesday. This product will debut with a temporary fee waiver of 10 basis points, reducing its expense ratio to 0.15% until year-end.

It reflects what really could be seen as a tipping point in the industry — the combination of established demand from retail investors with more professionals now really getting into the fold,” stated the head of Europe & Middle East iShares Product, Manuela Sperandeo.

Following the asset manager’s remarkable success in the U.S. with Bitcoin ETFs, this move paves the way for heightened regional participation with the flagship crypto. SosoValue data signals that the American asset manager holds net assets worth $50.96 billion in its IShares BTC Trust (IBIT), underscoring its dominant stance in the U.S. promptly after its inception. Broader market sentiments in turn remain optimistic in light of the new venture launched in Europe.

Crypto Popularity In Europe Sees A Spike

It’s also worth pointing out that Europe is witnessing growing crypto adoption. CoinGape reported that 21Shares rolled out Bitcoin, Solana, and XRP ETPs on Nasdaq Stockholm. This mover marks another pro-crypto stride in the nation.

Reportedly, the European market saw Bitcoin Core ETP (CBTC), the Solana Staking ETP (ASOL), and the XRP ETP (AXRP) listings. Now, with BlackRock expanding its foothold in the sector, broader market sentiments over BTC price movements remain optimistic.

For context, the new offering paves the way for increased investor interaction with the flagship crypto, thereby bringing more funds into the market.

BTC Price Breakout Awaits?

At the time of reporting, BTC price traded at $87,266, up from $86,346.08 over the day. The flagship crypto even hit a high of $88,758.73 in the past 24 hours. Market watchers remain optimistic about the crypto’s long-term prospects, given the rising institutional and regional adoption. Meanwhile, the asset’s intraday trading volume also surged 53.90% to $32.54 billion.

Amid the soaring global adoption, another bullish news has uplifted the market sentiment for the crypto. Michael Saylor’s Strategy raised $722 million via a Series A funding round to acquire Bitcoin. This news added to market sentiments of a bullish breakout for Bitcoin ahead, further escorted by BlackRock’s ventures..

However, renowned crypto market analyst Ali Marinez revealed that the crypto faces crucial resistance at $89,000. Sustaining a break above this point remains vital for a bullish breakout.

The post BlackRock Rolls Out Bitcoin ETP In Europe, BTC Breakout Imminent? appeared first on CoinGape.

25 Mar 2025, 3:19 am

BitMEX co-founder Arthur Hayes has once again stolen the spotlight with his recent comment on the social media platform. In a recent X post, Hayes said that Ethereum price will hit a new all-time high of $5,000 before Solana’s rally to $300. This bold prediction caught investors’ attention, especially after the Bitcoin price neared $89K in the last 24 hours.

Arthur Hayes Bets Big On Ethereum Price: Will ETH Outpace Solana?

The current volatile scenario in the broader crypto market has left many investors wondering about the futures of the top altcoins. However, amid this, Arthur Hayes has caught the investors’ eyes with his latest bold prediction, which has sparked a Solana Vs Ethereum price debate.

Meanwhile, in a recent X post, the BitMEX co-founder said that Ethereum would reach the $5,000 mark before Solana’s likely rally to $300. Notably, this comment has further fueled speculations as it contradicts the current trend recorded in the market. Besides, it also comes after Hayes recently predicted that BTC will hit $110K soon.

Here’s A Quick Overview of Solana & Ethereum Prices

Arthur Hayes’s bold prediction on Ethereum price comes amid a slump in Ether price today. During writing, ETH price was down over 1% and exchanged hands at $2,052, while its one-day volume jumped 25% to $13 billion. Notably, the crypto has touched a 24-hour high and low of $2,101 and $2,038. Besides, a recent ETH price prediction indicates that the crypto might rest near the $2,100 level for this month.

On the other hand, SOL price today was up 0.5% and exchanged hands at $139.4. Notably, a flurry of factors has helped in the recent SOL price gains over the past few days. However, a SOL price prediction hints that the crypto might touch a max price of about $144 by this month’s end.

What’s Next For ETH & SOL?

Despite the volatile scenario recorded in the broader crypto market, experts and recent market trends hint at a potential rally ahead for both assets. For context, renowned expert Ali Martinez noted that Ethereum whale activity has surged recently and they have acquired 470,000 ETH through the prior week.

Besides, another expert Michael van de Poppe also shared crucial insights on the future trajectory of Ethereum price. In a recent X post, the expert noted that if ETH breaks through the $2100-$2150 level, it could target $2,800 in the near term. Besides, he also predicted a likely “good Q2” for the asset. Simultaneously, a recent ETH price analysis also hints that the crypto might rally to $3000 in the near term.

Simultaneously, for SOL price, analyst CryptoCurb said that the crypto is on the verge of a breakout ahead. Echoing a similar sentiment, analyst Satoshi Flipper said that the short-term performance hints at a likely rally for SOL price.

The post Ethereum Price To Hit $5K Before SOL Rally To $300, Arthur Hayes Says appeared first on CoinGape.

25 Mar 2025, 2:13 am

Dogecoin Reserve Live:- In an exciting announcement for the 3.83 million Dogecoin community or ‘Shibes’, House of Dogs has announced the creation of the Official Dogecoin Reserve to drive Dogecoin as a mainstream global payment solution.

House the Doge (HoD), the new entity announced by Timothy Stebbing in Feb 22 X post, was formed after he turned down several big names and corporations for Dogecoin adoption partnerships by not finding them “genuine enough”. He had already hinted the HoD will be aggregating mined Dogecoin to create a large Dogecoin Reserve & Treasury for streamlining its global adoption.

Following this announcement, Doge price has experienced a notable surge of upto 10%, with prices reaching approximately $0.19 as of writing.

Notably, the announcement comes at a time when the global crypto payments solutions have been gaining traction with many other entities making efforts recently. However, such real-world payment solutions have been more focused on Bitcoin, stablecoins such as USDT, USDC, in comparison to the utility of Dogecoin or other altcoins in such Payments.

Why is the Official Dogecoin Reserve Created

Aimed at improving the transaction lag times that have historically restricted the widespread adoption of digital currencies as real-world payment solutions, the reserve aims to build the Doge-powered global payments ecosystem.

It aims to benefit merchants by facilitating fast and efficient transactions using Dogecoin which currently processes at the rate of 60sec/transaction.

​As of March 25, 2025, Dogecoin (DOGE) holds the 8th position in global cryptocurrency market capitalization rankings with its current market cap standing at approx. $27.15 billion USD.

Timothy Stebbing, Director of Dogecoin Foundation, right after the Doge Reserve news, expressed his enthusiasm by suggesting that use of Dogecoin for mobile or government Payments, at POS Terminals or for Online Shopping would be really “too cool”.

Notably, the Dogecoin Reserve is creating a proof of concept with the initial purchase of 10 million Dogecoin at current Market price. As Tim suggested, since the inception of House of Dog, it has been raising millions of dollars via the largest Dogecoin mining operation assemble in North America with a goal of 10,000 ASICs by the end of the year.

To guide the accelerating adoption of its payment system, it will also introduce cashback offers for both users and merchants and is aiming at significant partnerships in near future.

Important FAQs Related to Dogecoin Transactions

1. How much time Dogecoin Transactions Take in comparison to BTC?

Notably, under typical conditions, a Dogecoin transaction can be confirmed within about 60 seconds, offering a significant speed advantage over Bitcoin’s average confirmation time of around 10 minutes.

2. How much a Dogecoin Transaction Costs?

​It offers substantially lower transaction costs – currently standing at 0.341 DOGE ($0.063) – compared to legacy payment modalities and interchange.

3. Dogecoin or Bitcoin Transaction: Which is Better?

The HoD while making Dogecoin Reserve announcement emphasized its inflationary model which ensures ongoing liquidity – with the addition of 5.2 billion new coins every year as compared to Bitcoin’s fixed cap. While this ensures liquidity, it also raises concerns about long-term value retention, as an unlimited supply can lead to inflation and reduce purchasing power.

Could DOGE Be the Next Global Currency?

Dogecoin Reserve doesn’t come as the first such instance. House of Doge, the five-year corporate partner of Dogecoin Foundation has been making efforts towards making Dogecoin, the Global currency. Last month it partnered with IndyCar Driver with Devlin DeFrancesco and Rahal Letterman Lanigan Racing to bring Dogecoin to the Indianapolis 500. This initiative included launching the Dogecoin Indy 500 Voting and Donation Platform, allowing fans to participate and support charitable causes.

Further, one of the most prominent adopter of Dogecoin has been Elon Musk who has allowed customers to buy Tesla’s innovative products using Dogecoin. Additionally, Musk has also hinted at expanding Dogecoin’s use within his other ventures, such as X (formerly Twitter), where he has suggested integrating crypto payments, including DOGE.

His space exploration company, SpaceX, has also accepted Dogecoin for certain merchandise purchases and even announced plans for the DOGE-1 lunar mission, a satellite project funded entirely in Dogecoin.

Another such Instances include:

• Newegg, the electronics retailer also offers tech enthusiasts the option to purchase gadgets using Dogecoin, showcasing the integration of digital currencies in e-commerce.
• Sheetz, a convenience store chain allows customers to pay for fuel and food items in DOGE.
• Adidas, the global sportswear brand accepts Dogecoin for gift card purchases.

Path is Not Easy for DOGE!

However, there are certain challenges before it can achieve the global label. Confirmation times may extend for Dogecoin transaction for up to 30 minutes or more during periods of high network congestion. It also needs to compete with the already growing adoption of Stablecoins for transactions as their processing can be completed in a matter of seconds.

Although companies like Tesla and some retailers accept DOGE, mainstream adoption is still limited. Most global businesses and financial institutions prefer Bitcoin, Ethereum, or stablecoins for crypto payments due to their perceived stability and institutional backing.

Dogecoin’s price fluctuates significantly, driven by market speculation, social media trends, and influencer endorsements (notably Elon Musk). This can make it difficult for businesses and consumers to rely on DOGE for everyday transactions.

Further, Dogecoin’s proof-of-work (PoW) mechanism is similar to Bitcoin’s but has a much smaller mining network, making it more vulnerable to 51% attacks, thus, raising significant security concerns.

Thus, while initiatives like the Official Dogecoin Reserve and strategic partnerships enhance Dogecoin’s potential as a global currency, its future prominence will depend on broader market dynamics, regulatory developments, and sustained community support.

 

 

The post Dogecoin Reserve Goes Live – Could DOGE Be the Next Global Currency? appeared first on CoinGape.

25 Mar 2025, 1:34 am

Pi coin, the native cryptocurrency of Pi Network, is once again facing strong selling pressure following the rejection at $1. The Pi Coin price has tanked 5% in the last 24 hours, now trading at $0.923, with daily trading volumes crashing 30.56%, slipping under $200 million. The PI token unlocks and movement to centralized exchanges (CEXs) have led to the current selling pressure.

Pi Network Native Crypto Supply on Exchange Increases

Over the last seven days, the Pi Network native crypto Pi Coin has corrected 22% after it failed to breach past $.120 levels multiple times. This has also resulted in the cryptocurrency slipping from 11th position to now at 23rd position, while losing over $13 billion in market cap over the past month.

Pi Fails To Hold $1 Mark

Pi Coin price is failing to regain $1 as PI exchange deposits have shot up in recent days. This selling pressure comes with nearly 8 million PI tokens moving to centralized exchanges (CEXs). According to market analysts, the PiCore Team (PCT) must take urgent action to stabilize the token’s value. A proposed solution involves burning 60 to 100 million coins from the circulating supply in the coming days to prevent further price depreciation.

On the other hand, the total number of PiCoins held on CEXs has surged to over 338 million. This has further led to concerns about increased sell-offs and price volatility in Pi Network.

Where’s Pi Coin Heading Next?

A recent TradingView chart by Coinvo reveals a sophisticated trading pattern for the PI/USDT trading pair on Bitget, highlighting a potential “Triple ZigZag” formation that suggests a possible market trend reversal.

This 8-hour chart shows an Elliot wave analysis. This coupled with the “Triple ZigZag” chart specifically shows a series of corrective waves (labeled A, B, C) with the most recent waves suggesting a potential upward momentum.

Coinvo noted that as Pi Network’s Pi Coin price flirts around $0.9512, there’s a potential price appreciation happening in the coming weeks. Another market analyst TraderFy has shared a bold prediction for $PI eyeing a major breakout. “$PI is about to explode! A massive falling wedge breakout is inevitable,” he wrote sharing that the immediate price targets are $2.00529 and $2.38466.

The post Pi Network News: Why Is Pi Coin Price Down 5% Today? appeared first on CoinGape.

25 Mar 2025, 1:29 am

Coinbase, a prominent crypto exchange, draws a severe rebuke from XRP lawyers amid the Ripple Vs SEC lawsuit debate. In a recent development, XRP lawyer Bill Morgan questioned Coinbase’s selfish motives, highlighting their deafening silence.

Meanwhile, legal expert Fred Rispoli accused Coinbase of acting out of self-interest. Rispoli asserted that the crypto exchange’s actions are driven by profit rather than community benefits.

XRP Lawyer Slams Coinbase for Selfish Motives

Recently, XRP lawyer Bill Morgan criticized Coinbase and its chief legal officer Paul Grewal for being clearly guided by selfish motives. Morgan shed light on their explicit silence until they found themselves embroiled in a legal dispute with the US Securities and Exchange Commission. In an X post, Bill Morgan stated, “Coinbase and Paul Grewal were silent until the SEC targeted Coinbase.”

Notably, Morgan’s statement underscores the silence of Coinbase and Paul Grewal during Ripple’s prolonged legal battle with the SEC. According to Morgan, Coinbase has remained tight-lipped since 2020 when the SEC filed a lawsuit against Ripple. The XRP lawyer added that the exchange broke its silence only when it was directly impacted by the SEC’s actions.

Lawyer Exposes Coinbase’s Self-Centric Actions

Reinforcing Bill Morgan’s claims, another pro-XRP lawyer Fred Rispoli slammed Coinbase for being influenced by self-centric motives. He asserted that the crypto exchange’s actions are rooted in greed, rather than a genuine desire to serve the crypto community.

Completely agreeing with Morgan’s arguments, Rispoli stated,

Everything this company does is purely out of self-interest. Not saying corps shouldn’t look after the bottom line but don’t pretend you were “for the people” from Day 1 (b/c your ToS with customer restrictions is exactly the opposite of this).

This comes following Ripple CEO Brad Garlinghouse’s stunning revelation that the SEC would dismiss the XRP lawsuit.

Paul Grewal Acknowledges Ripple’s Efforts

Coinbase, the top crypto exchange, faces this increased backlash following Paul Grewal’s interview with MetaLawMan. During the interview, Grewal acknowledged leading Ripple community members including Stewart Alderoty and John Deaton’s efforts in the XRP case. Grewal stated,

There were many others fighting alongside us and many who are actually fighting even before we got dragged into this…I think people like Stuart Alderoty and John Deaton, folks who really bor the brunt of Mr. Gensler’s early efforts to crack down on crypto and essentially stamp it out before it could become large enough.

However, in response to Grewal’s statements, pro-XRP lawyer MetaLawMan shared an X post, highlighting Ripple’s solo journey in the long-held lawsuit. He stated, “Regardless of which crypto tribe you align with, I think we should acknowledge that Ripple’s lonely fight against the SEC was key to the survival of the crypto industry in the U.S.”

MetalawMan has been vocal in the XRP lawsuit updates and possible outcomes. He believed that an early settlement in the case was unlikely, citing the complexities of the case.

The post XRP Lawyer Questions Coinbase’s Self-Centric Motives: Here’s All appeared first on CoinGape.

25 Mar 2025, 1:23 am

Shiba Inu price is eyeing the $0.001 psychological level amid a 1B mysterious SHIB burn and a looming supply crunch. Such gains are even more likely to happen amid a recovery across the meme coin market as the total market cap has gained by nearly 10% in the last seven days to $52 billion. These bullish headwinds indicate that SHIB price is poised for a massive rally in the coming weeks.

Shiba Inu Price in Focus Amid Mysterious 1B SHIB Burn 

The Shiba Inu burn rate skyrocketed recently after an unknown user burned 1,000,000,000 SHIB tokens. Data from Shibburn shows that this user sent these tokens to the burn address in a single transaction. Yesterday, another address also sent 23M SHIB to the burn address.

One of the main factors contributing to the high burn rate is a spike in activity on the Shibarium network. DeFi tracking tool DeFiLlama shows that in just one week, Shibarium’s TVL has increased by over $1M and recently reached its highest level since late January. 

As Shibarium records an uptick in activity, the burn rate will continue to surge and bring down SHIB’s supply. This will bode well for Shiba Inu price. 

SHIB Supply Crunch Looms 

Besides the token burns, Shiba Inu supply on exchanges has also reached its lowest level in four years, which is also bullish for Shiba Inu price. According to Santiment, SHIB’s exchange experienced a sharp decline earlier this year, and only 100.42 trillion tokens, valued at around $1.3 billion are available on exchanges. 

The amount of SHIB held on exchanges is only 16% of the meme coin’s circulating supply of 589 trillion tokens. This decline indicates that many SHIB holders are not holding their tokens on exchanges, which highlights a lack of intent to sell.

As this supply continues to fall, it might cause a supply crunch where demand outpaces the supply. This could spark a parabolic rally for Shiba Inu price. 

Can Shiba Inu Reach $0.001? 

The $0.001 price target is realistic for Shiba Inu as that would give it a $589B market cap. One of the factors that could aid such a rally is a gradual increase in the SHIB burn rate. 

Additionally, increased activity on Shibarium could sustain a long-term uptrend. Early Bitcoin advocate Davinci Jeremie previously stated that Shibarium will unlock SHIB’s potential. 

The possible launch of a spot SHIB ETF as highlighted by SHIB marketing executive LUCIE could also drive a price rally to $0.001. If Shiba Inu outperforms the rest of the crypto market and attains this price target, it will not only be the largest meme coin but also the largest altcoin. 

Shiba Inu Price Analysis 

Shiba Inu price today trades at $0.0000135 with a 2.5% gain in 24 hours, The meme coin is on the verge of a breakout after breaking above the upper trendline of a descending parallel channel, indicating that bears are losing control as buying pressure rises. 

The rising RSI line also supports this bullish Shiba Inu price prediction. This indicator stands at 51, which is a neutral level. However, the making of higher lows shows that selling pressure is easing. 

Shiba Inu faces two key resistance levels which, if breached, will confirm a bullish reversal. One of these levels is the 50-day SMA of $0.0000141. If the meme coin flips this resistance, it could trigger a 36% surge to the 200-day SMA of $0.000019. 

In summary, Shiba Inu price is likely to break crucial resistance at the 50-day SMA, which will confirm a reversal from bearish to bullish trends. The increasing burn rate caused by an uptick in activity on Shibarium as well as the falling supply on exchange could trigger a supply crunch. This could precede a parabolic rally for SHIB. 

The post Shiba Inu Price Eyes $0.001 Amid 1B Mysterious SHIB Burn and Supply Crunch Fears appeared first on CoinGape.

25 Mar 2025, 12:31 am

Will Ethereum’s (ETH) price revisit $1,900s before it explodes to $3,000 as noted by this crypto analyst? Let’s explore Ethereum price predictions and key liquidation levels and see if this retracement will provide a buying opportunity where patient investors can accumulate ETH before it explodes higher.

Analyst Hints Ethereum Price Pullback Could Provide Buying Opportunity Soon

MAXPAIN, a crypto analyst, explained using the Time Price Opportunity chart that Ethereum price could retrace nearly 9% from the recent peak of $2,104 to revisit key support levels. The analysis was based on the Time Price Opportunity (TPO) chart, which shows a value area extending from $1,874 to $1,924. Just above the range high, rests liquidity formed due to equal lows, which is what MAXPAIN is targeting. 

Based on this outlook, a good place to buy ETH on the dip would be around the $1,900 area. So this means that Ethereum price will undo its recent 6.5% rally fully.

So far, ETH’s value has already shed 3% from the $2,104 peak and trades at $2,044, aligning with the crypto analyst’s outlook. So, the intra-day Ethereum price prediction might seem bearish until it approaches the $1,900 buy zone. However, a bounce here could be a good place to bet as Bitcoin and the crypto market, in general, looks primed for an explosive uptrend due to the recent boost in global liquidity index.

Key Ethereum Levels To Watch

According to CoinGlass Liquidity Heatmap, there are two zones to watch. For short sellers, key levels stretch from $2,135 to $2,106. Here, roughly $450 million worth of liquidity is present. A swift move above this level will cause a forced closing of short positions. 

Likewise, between $1,980 to $1,833 is where more than $700 million worth of long positions will be forced to close. 

Hence, a move in either direction would cause massive pain. The directional bias from the TPO chart shows a high probability that long positions get liquidated first. However, it is entirely possible for Ethereum price to move higher, especially if Bitcoin fails to slide lower. Regardless of the directional bias, investors need to be cautious.

To conclude, the analyst’s outlook suggests that the Ethereum price will retrace nearly 9% from the recent peak, providing a buying opportunity around the $1,900 area before potentially hitting $3,000. The liquidation heatmap model further adds credence to this short-term pullback before ETH makes its move toward the next key psychological level of $3,000.

The post Analyst Outlines Buying Opportunity Before Ethereum (ETH) Price Skyrockets to $3,000 appeared first on CoinGape.

24 Mar 2025, 11:59 pm

CRO the native cryptocurrency of Cronos chain surged a massive 35% in hours after the deal between Trump Media and Crypto.com on Monday. However, allegations that CRO is a scam have been rising with more than 70 billion tokens minted just a week before this partnership was sealed. While the CRO price has gained massive momentum, top players have warned retailed from making any fresh bets.

ZachXBT Exposes Cronos Over Misleading Practices

Blockchain sleuth ZachXBT has called out Crypto.com, the developer of Cronos Chain, accusing it of reversing the 2021 CRO token burn and misleading its community. ZachXBT alleged that Crypto.com recently reissued 70 billion CRO tokens that were previously burned “forever,” representing 70% of the total supply. In a message on the X platform, he wrote:

“Originally, the total CRO supply was 100 billion. In 2021, 70 billion of that supply was burned permanently. Everyone who invested since then believed the max supply was 30 billion. Now, just weeks ago, they reissued the 70 billion CRO.”

This sudden surge in supply for the Cronos native taken, ahead of Crypto.com striking a deal with Trump Media, has raised doubts among the community. “CRO is no different from a scam,” said ZachXBT.

ZachXBT also questioned Crypto.com’s ability to secure partnerships given the controversy. “Unsure why Truth chose your exchange over Coinbase, Kraken, or Gemini after this move,” he said, referencing a recent deal.

Trump Media and Crypto.com Partnership

Trump Media, US President Donald Trump’s firm entered a partnership with Crypto.com on Monday to launch a series of ETFs and ETP products for ‘Made in America’ digital assets. The products will feature digital assets, including Bitcoin (BTC) and Crypto.com Coin (CRO), alongside other securities. The ETFs and ETPs are slated for release later this year, pending regulatory approval.

Responding to the development, Crypto.Com CEO Kris Marszalek stated: “Proud to partner with Donald Trump’s Truth Social on a series of ETFs, including the world’s first ETF with CRO”.

Well, this announcement was enough to send CRP price higher by 35%, taking it past 10 cents, with 24-hour trading volumes skyrocketing 1300% to $278 million.

Will CRO Price See A Pump and Dump?

Although the Cronos native cryptocurrency CRO saw an immediate pump in its price, market analysts are asking investors to maintain caution amid the recent supply pump. Also, the development of a CRO ETF will still take time to materialize and the initial euphoria could fade in the coming days.

The CRO price prediction indicator suggests that the altcoin could flirt around 10 cents for most of 2025. However, there have been already calls for a rally to $1 amid this recent Trump partnership. Donald Trump’s crypto involvement has often led to sharp price action, with TRUMP meme coin seeing renewed interest recently.

The post Cronos Is Scam Allegations Appear After Trump CryptoCom Deal, Will CRO Price Crash? appeared first on CoinGape.

24 Mar 2025, 11:50 pm

Despite Ethena price extending weekly gains to over 7% this Tuesday, Donald Trump’s World Liberty Financial has rattled the crypto market with its ENA selloff spree. On-chain statistics indicated that Trump’s World Liberty sold a whopping 184,000 tokens intraday, reverberating a bearish sentiment among crypto traders and investors globally.

In the wake of massive token unlocks and a dump by a market maker previously, the synthetic dollar protocol built on Ethereum already remains subject to volatility. Now, market watchers bearishly speculate over the asset’s future trajectory due to rising selling pressure.

Is Ethena Price Bracing For Heat Amid Trump’s World Liberty’s Selloff?

Usual market sentiments remain highly negative in light of heightened selling pressure on cryptocurrencies. The latest data from Arkham Intelligence indicated that World Liberty Financial sold 184,000 ENA for $69K over the past day. This selloff chronicle sparked concerns over Ethena price action’s long-term prospects, underlining a spike in selling pressure and WLFI’s loss of interest in the asset amid broader trends.

Notably, the Trump family-backed firm purchased 11 tokens earlier, including the one mentioned above, via its WLFI sale funds. Intriguingly, since most of these assets were soon shifted to Coinbase Prime, the market had an unclear view of selloff transactions.

However, a part of ENA holdings was transferred to the ‘0x76a’ custodial wallet address. This wallet address shifted 180,000 tokens to the address ‘0x77a.’ Subsequently, this address then sold the amount received for WBTC, per the data.

Overall, this transactional process gained significant traction, whilst market watchers speculate whether further token selloffs are also incoming. The synthetic dollar protocol on Ethereum remains bearishly eyed by investors, attributed to this saga.

Factors Fueling More Heat For Ethena Price

Simultaneously, a couple of other aspects propel an unsure investor sentiment about future price movements. CoinGape reported that the market maker Amber Group recently offloaded $10 million ENA to Binance. The rising exchange supply solidified bearish market sentiments over the asset’s future potential.

On the other hand, recent ENA token unlocks have also ushered in price volatility. While March saw over 2 billion coins unlocked and added to the crypto’s supply, April comes as another hurdle. Reportedly, over 200 million coins are set to unlock on April 2 and 5 collectively. In turn, traders and investors remain cautious over future Ethena price movements.

It’s noteworthy that World Liberty Financial’s massive selloff potentially aligns with the past and looming unlocks in an effort to mitigate losses.

What’s Next?

As of press time, ENA price witnessed a nearly 1% jump in value, reaching $0.3989. The crypto hit a low and a peak of $0.3883 and $0.4098 intraday. Despite the selloffs and massive token unlocks, the weekly chart showed a 7% upswing, underling a resilient movement. However, the monthly chart showed a 10% slump, adding to speculations.

Crypto market traders are currently uncertain about the asset’s performance ahead as broader trends indicate that volatility looms, whilst the price chart shows resilience. Besides, Ethena price prediction by CoinGape shows that bears remain dominant, as per the 3-month bias indicator. Nevertheless, renowned market trader Byzantine General took to X, projecting an optimistic outlook for the synthetic dollar protocol crypto.

The trader revealed that the crypto’s funding rate isn’t negative anymore, suggesting a bullish movement looms. Further, ENA got heavily shorted primarily due to its massive token unlocks, but the heat has now cooled down, per the analyst. Nevertheless, despite positive reaffirmation by renowned traders, it remains vital to gauge in broader aspects that underscore volatility is possible.

The post Is Ethena Price At Risk? Trump’s World Liberty Financial Sells 184K ENA Sparking Concerns appeared first on CoinGape.

24 Mar 2025, 11:13 pm

The hot Bitcoin news in the town is that defunct crypto exchange Mt. Gox has recently executed a big transaction by moving a massive 11,501.4 BTC, valued at approximately $1 billion, across two wallets. This is the second big transaction of this scale done by the exchange this month of March. Investors are closely watching the possibility of any major BTC price volatility going ahead.

Bitcoin News: Mt. Gox Moves $1 Billion Worth of Bitcoin

As part of the creditor repayment procedure, Mt. Gox, a defunct crypto exchange, is moving its Bitcoin holdings in huge numbers. Earlier on Tuesday, the exchange moved a total of 11,501.4 BTC, worth $1 billion, across two wallets.

Details of the transaction reveal that 10,608 BTC (worth $929.7 million) was sent to a new wallet, while 893.4 BTC (valued at $78.3 million) was moved to a warm wallet, as reported by Spot On Chain.

This movement follows a previous Mt. Gox transfer, which saw 332 BTC ($25.5 million) deposited into the cryptocurrency exchange Bitstamp. Market watchers speculate that the 893.4 BTC sent to the warm wallet may also be moved out shortly, potentially impacting market dynamics.

Earlier this month in March, Mt. Gox moved 12,000 Bitcoin when the BTC price was trading around $92,000. Since this Bitcoin news in early March, BTC has corrected nearly 7% and is currently flirting around $86,500 levels. The Bitcoin daily trading volumes have surged by a massive 97%, currently at $33.37 billion.

BTC Price Volatility Coming Soon?

Amid this massive Bitcoin movement by the crypto exchange, there’s growing speculation of a major BTC price volatility coming ahead. Crypto analyst Ali Martinez has highlighted a critical resistance level for Bitcoin (BTC) at $89,000. This level marks the convergence of the 50-day moving average and a descending trendline stemming from Bitcoin’s all-time high.

Martinez analysis shows that it is important for Bitcoin to break through this cluster in order to stage a significant bullish momentum ahead. The current Bitcoin price prediction shows that bulls might try to restest this breakout again. However, failure to surpass it may result in continued consolidation or a potential pullback for BTC.

Furthermore, the analyst shares the Bitcoin news pointing out that the Bitcoin Relative Strength Index (RSI) has recently entered the overbought territory. The last six times the RSI has entered this territory, BTC has entered sharp corrections thereafter.

The TD Sequential indicator, known for its accuracy in identifying market reversals, suggests that Bitcoin (BTC) may be nearing a short-term peak. this shows that there could be some profit-taking moving ahead.

The post Bitcoin News: Mt. Gox Moves 11,500 Bitcoins Again, What’s Next for BTC Price? appeared first on CoinGape.

24 Mar 2025, 10:22 pm

A long-term technical pattern on XRP price chart is drawing attention as crypto analysts outline a bullish scenario that could see the altcoin climb to $1,452.81. The projection is based on the breakout of a multi-year “bull flag” formation, traditionally seen in technical analysis as a continuation pattern that may precede upward momentum. This development comes as market participants reassess XRP price role in the broader digital asset landscape.

XRP Price Could Hit $1,452 as Analyst Spots Bull Flag Breakout

Analyst “Steph is Crypto” took to the X platform to present a long-term bullish chart for XRP price. According to the shared analysis, the Ripple token is breaking out of a multi-year bull flag pattern dating back to 2018. This formation is a continuation signal in technical analysis, pointing to upward momentum after consolidation.

The breakout above the downward-sloping channel marks a shift in price structure. Steph suggests that the XRP price could reach as high as $1,452.81 over the coming years. This forecast is based on the length of the initial flagpole projected from the breakout point. 

More so, “Steph is Crypto” chart indicates that XRP price may now be entering a new phase of movement after years of consolidation.

Expressing his optimistic Ripple price prediction, the analyst added,

“I don’t even want to give you this #XRP price target! You’re definitely not bullish enough.”

Similarly, a recent report speculate that Michael Saylor could diversify MicroStrategy’s portfolio by allocating $21 billion from Bitcoin into XRP. Analysts suggest such a move could trigger a parabolic rally in XRP price, potentially pushing it toward the $1,000 mark.

Additional Technical Breakout Around $2.48

In a recent video update, Steph is Crypto highlighted a second technical breakout. This time, a descending wedge pattern was identified, a structure associated with trend reversals. The XRP price was shown crossing above the wedge’s resistance level, trading around the $2.48 mark.

The analyst chart suggested this move could act as an entry point for traders. The projected target from the wedge breakout is $3.36, representing a potential 37.98% gain from current levels.

More so, analyst Dark Defender also shared bullish crypto market sentiments, projecting the top altcoin could reach $77.7 in the current bull cycle. His forecast relies on Exponential Fibonacci levels and Elliott Wave theory, pointing to a multi-phase rally.

The post Analyst Predicts XRP Price Could Surge Above $1400 as Bull Flag Breaks appeared first on CoinGape.

24 Mar 2025, 6:28 pm

Polymarket has sent shockwaves across Solana’s ecosystem following the announcement of an integration. Users of the prediction markets platform can now deposit funds into their Polymarket wallet with SOL.

Polymarket Unveils Solana Deposits After Integration

After weeks of speculation, Polymarket rolled out Solana (SOL) deposits for users of the platform. According to a post on X, users can now fund their Polymarket wallets with SOL, a key upgrade in the quest toward expansion.

“Starting today, you can now make deposits into your Polymarket wallet using Solana,” read the announcement.

Prior to the integration with Solana, Polymarket users could only fund their accounts with Circle’s USDC stablecoin. The push to embrace SOL deposits aligns with Polymarket’s desire to increase platform activity using a fast-rising blockchain.

SOL, the sixth largest cryptocurrency with a market capitalization of $71.6 billion, has an active ecosystem that sizzles with activity. Onchain data indicates active wallets reaching 11 million amid rising daily trading volumes for SOL.

While Polymarket reached 450,000 monthly active users in early 2025, activity on the prediction market platform has waned. The platform’s integration with Solana will open it to a new demographic beyond stablecoin users.

Solana Rallies By 6% Following The Announcement

In the minutes following Polymarket’s integration, Solana’s price spiked by nearly 7% to trade at $140. On the seven-day charts, Solana is coasting on a 10% upswing as it puts claims for a steep correction behind it.

SOL daily trading volumes have soared by an incredible 143% over the last day to settle at $4.18 billion. Experts are terming the spike as the catalyst for SOL to reach $1,000 after weeks of consolidation.

Solana co-founder Anatoly Yakovenko has backed Layer 1 blockchains over Layer 2 solutions, noting heightened security and speed. Polymarket’s integration follows Yakovenko’s expression of regret over a controversial Solana ad, apologizing to the community for dabbling in “culture wars.”

“The ad was bad, and it’s still gnawing at my soul,” said Yakovenko. “I am ashamed I downplayed it instead of just calling it what it is – mean and punching down on a marginal group.”

The post Polymarket Integrates Solana, Enables Deposits With SOL appeared first on CoinGape.

24 Mar 2025, 5:57 pm

Circle, a global financial technology firm and issuer of the USDC stablecoin has announced the expansion of its operations in Japan. This development comes as USDC becomes the first dollar-backed stablecoin approved for circulation under Japan’s stablecoin regulatory framework. Circle’s entry into the Japanese market is facilitated through its local entity, Circle Japan KK, and strategic partnerships, including a joint venture with SBI Holdings.

Circle Launches USDC in Japan With SBI

According to a recent blog post, Circle has received formal approval to launch the USDC stablecoin in Japan. The approval was granted by Japan’s Financial Services Agency (FSA) under the country’s updated stablecoin regulations.

USDC is the first and only global dollar stablecoin approved for use in Japan. This sets a precedent for other stablecoins seeking entry into Japan’s regulated financial system.

SBI VC Trade, a subsidiary of SBI Holdings, will lead the initial launch of USDC on March 26. The launch will mark the start of the integration of the stablecoin across the country’s digital asset exchanges.

Circle CEO Jeremy Allaire, remarked

“We are honored to bring USDC to businesses and consumers in the market, and with Circle Japan KK and the strong support of SBI Holdings and leading exchanges, USDC is positioned as a secure and transparent digital dollar that meets the needs of Japan’s evolving digital economy.”

Major Japanese Exchanges Set to List USDC

Alongside SBI VC Trade, other major exchanges in Japan are preparing to offer the USDC stablecoin. Binance Japan, bitbank, and bitFlyer are among the top exchanges that plan to support USDC trading soon.

Consequently, the move will improve the liquidity and availability of the stablecoin within Japan’s digital asset market. These platforms will enable both retail and institutional users to access USDC through regulated channels.

The partnerships represent an effort to integrate Circle’s financial infrastructure into Japan’s digital economy. The listings are part of a broader strategy to support the compliant use of stablecoins in payments and settlements.

President & CEO of SBI Holdings, Yoshitaka Kitao added,

“We believe this initiative will enhance financial accessibility and drive digital asset innovation, aligning with our broader vision for the future of payments and blockchain-based finance in Japan.”

Circle’s local presence through Circle Japan KK allows it to work directly with exchange operators. This structure supports regulatory compliance and operational alignment with Japanese financial standards.

USDC Utility in Digital Finance

Circle’s entry into Japan includes plans to support a wider range of use cases for USDC. These include payments, settlements, cross-border finance, and treasury operations.

Additionally, stablecoin issuer will work with financial institutions and technology providers to develop new applications for digital dollars. This effort aims to strengthen the local digital finance ecosystem.

Circle is positioning USDC as a fully-reserved, transparent, and compliant stablecoin. The reserves are held in cash and cash-equivalent assets at regulated institutions, with monthly third-party attestations.

Meanwhile, the stablecoin issuer recently established a local entity in Dubai to meet regulatory standards and support its operations within the Dubai International Financial Centre. This move reinforces Circle’s commitment to expand access to USDC and EURC.

The post Circle Expands In Japan With USDC Rollout Across Major Exchanges: Details appeared first on CoinGape.

24 Mar 2025, 5:05 pm

In a major development, Trump Media and Technology Group (TMTG) is entering the exchange-traded funds (ETFs) market through a new partnership with CryptoCom. 

According to the firm’s announcement, it is set to execute its strategy to release a series of ETFs featuring several cryptocurrencies and American-focused securities under its Truth.Fi brand.

Trump Media and Crypto ETF Plans

According to the Trump Media announcement, the proposed funds are expected to go beyond crypto and, as confirmed, feature thriving American industries such as energy.

The ETFs will be available through Foris Capital US LLC, Crypto.com’s broker-dealer. The offering is expected to feature Bitcoin and Cronos, along with other crypto assets. 

TMTG CEO Devin Nunes emphasized that these funds will prioritize companies dedicated to growth and development without external political influences. 

He stated that the goal is to create investment options that uphold American values while supporting industries contributing to economic expansion.

As reported earlier by CoinGape, In January, Trump Media & Technology Group launched Truth.Fi, investing $250M in Bitcoin, ETFs, and SMAs.

Terms of the CryptoCom Partnership

Under the terms of the partnership, Crypto.com, a major global cryptocurrency trading platform, will handle the backend technology. In addition, it will support custody services and the supply of crypto assets for the ETFs. 

According to CryptoCom CEO Kris Marszalek, this collaboration will introduce a new kind of ETF that integrates a curated selection of cryptocurrencies.

Marszalek revealed to the public that these ETFs will be available to a global audience. These include users in the United States, Europe, and Asia. In addition, CryptoCom, which has over 140 million users worldwide, will make these products accessible through its app. 

The collaboration intends to expand investment opportunities for digital asset traders and traditional investors looking for exposure to the cryptocurrency market.

The ETFs are expected to launch later this year, pending regulatory approval and the signing of a definitive agreement. 

In addition to the ETFs, Trump Media plans to introduce Separately Managed Accounts (SMAs) under the Truth.Fi brand. This will provide investors with more tailored investment options.

Complementing the Trump Brand With WLFI

Still, the ETFs and SMAs will be part of TMTG’s broader financial strategy, which includes an investment of up to $250 million. 

These funds will be custodied by Charles Schwab, a major financial institution, ensuring a structured and secure investment framework.

Beyond this latest push, the Trump brand has been investing in blockchain projects through the World Liberty Financial (WLFI) project. In a recent update, CoinGape reported that Trump’s World Liberty Financial has deployed a stablecoin on the BNB Chain.

The post Trump Media To Launch Crypto ETFs In Partnership With CryptoCom appeared first on CoinGape.

24 Mar 2025, 4:06 pm

Dogecoin price has recently seen a surge in momentum, with the House of Doge making a major move by purchasing 10 million Dogecoin. This purchase is expected to play a pivotal role in driving the currency’s adoption as a mainstream payment option. 

With the Dogecoin Foundation’s new corporate arm at the helm, the market is anticipating a potential rally that could push Dogecoin’s price upwards by 16% or more.

House of Doge Launches Official Dogecoin Reserve

The House of Doge, a newly organised subdivision of the Dogecoin Foundation has recently introduced its Official Dogecoin Reserve. This is a move that seeks to reduce transaction lag times that had for long contributed to the limited adoption of digital currencies. In the process of achieving this goal, House of Doge has bought 10 million Dogecoins during the current price.

Through the creation of the Reserve, the mechanism for DOGE to become a feasible and efficient international currency is to be established. This is expected to bring down the time taken to complete blockchain transactions, enhancing efficiency of payments for both businesses and buyers. 

Michael Galloro, a member of the board-elect at House of Doge, has said that the creation of this reserve will increase the transaction time and real-world usability difference making Dogecoin the best option for everyday use.

Dogecoin Potential for Mainstream Payments

Following the creation of the Dogecoin Reserve, like the Strategic Bitcoin Reserve narrative, the House of Doge intends to ensure Dogecoin becomes a means of payment in businesses globally. 

The project seeks to allow the merchants to use a button to accept Dogecoin payments at the point of purchase to minimize time taken in blockchain settlement. Through faster and cheaper transactions, Dogecoin is posing as a more effective method of payment compared to the current online methods that take longer time and charges more.

Another factor that makes Dogecoin suitable for payment solution is its inflationary supply whereby the number of coins created is expected to increase in a linear fashion. While Bitcoin has a limited supply, Dogecoins can be provided indefinitely, and this is why the latter is more suitable for actual utilization. Moreover, the House of Doge will employ several strategies like cash back offers to encourage consumers and merchants to use Dogecoin for everyday purchases.

Strategic Partnerships to Drive Adoption

In the next few months, House of Doge will reveal various merchant partnerships to show how this digital asset can be used in real life. These will include the purchase of payment solution providers that can enable the use of Dogecoin to conduct business. 

In this manner, House of Doge aims at popularizing the use of the Dogecoin among people to accept as a mode of payment. The goal is to make Dogecoin scalable to support large number of transactions with the speed and security that would allow it to be used by the masses. 

Should this be achieved, it will pave way for Dogecoin to become more acceptable in the market compared to other conventional payment methods.

Dogecoin Price Action Signals Potential 16% Rally

Dogecoin price has been showing signs of bullish momentum, with technical indicators suggesting a potential 16% rally in the near term. The Dogecoin price according to crypto analyst Ali Charts is currently consolidating in a symmetrical triangle pattern, which is often seen as a continuation pattern. 

Given this DOGE price breakout, the chance to reach $0.19 to $0.20 is possible and if the uptrend continues, it can even shoot higher.

Other indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), also indicate significant buying pressure, which may mean that Dogecoin’s price is likely to remain bullish. Similarly, another crypto analyst, Trader Tardigrade, said that Dogecoin price is emerging from the consolidation phase it entered in April similar to what happened in 2017.

The post Dogecoin Price Eyes 16% Rally As House of Doge Buys 10M DOGE appeared first on CoinGape.

24 Mar 2025, 3:42 pm

Ripple CEO Brad Garlinghouse recently discussed what is next for his firm and how crypto legislation could also positively impact the crypto industry’s trajectory and the future of blockchain technology. This comes just days after the US SEC agreed to drop the long-running Ripple lawsuit.

Ripple CEO Brad Garlinghouse Reveals What As SEC Drops Lawsuit

In a FOX Business interview, Brad Garlinghouse discussed what next for his firm following the SEC’s decision to drop the Ripple lawsuit. He noted that about 95% of the company’s customers are overseas, as the lawsuit hindered their US operations.

However, he suggested that will likely change moving forward as they grow their operations in the country. Garlinghouse remarked that they have already been witnessing domestic interest since US President Donald Trump took office. The Ripple CEO revealed they have signed more deals since then than in the six months preceding Trump’s inauguration.

The company is expected to grow further in the US after the SEC agreed to drop the Ripple lawsuit. Brad Garlinghouse predicts that his firm’s innovative technology will play out over the next ten to twenty years in terms of how it integrates and rewires the US financial structure in terms of payments, real estate, and securities transactions.

The Ripple CEO again took time to highlight how Trump’s crypto-related executive orders, especially the creation of the Strategic Bitcoin Reserve and Digital Asset Stockpile, have created a more friendly environment for crypto firms in the US.

He noted that financial institutions are now more open to crypto technology. As CoinGape reported, the OCC has cleared Federal Banks to engage in crypto activities.

On Stablecoin Legislation & Its Impact

Brad Garlinghouse commended the efforts of legislators like Senator Cynthia Lummis and Rep French Hill to provide regulatory clarity. These lawmakers are championing the market structure and stablecoin bills to create a regulatory framework that will guide crypto firms. Senator Lummis also recently reintroduced the Bitcoin Act to codify Trump’s vision of a Strategic Bitcoin Reserve.

The Ripple CEO welcomed the idea of regulatory clarity, stating that it would reassure customers that they can engage with them in good faith. He remarked that these customers would feel more comfortable using their technologies without fear of regulators attacking them. Garlinghouse added that this would also enable more job creation, innovation, and capital formation in the US.

The post Brad Garlinghouse Discusses Ripple’s Future, Crypto Legislation & Blockchain Technology As Lawsuit Ends appeared first on CoinGape.

24 Mar 2025, 3:06 pm

Ethereum price has recently gained attention from analysts as it shows signs of completing a key phase in its cycle. According to analysts, Ethereum price may be exiting the “manipulation phase” — the final phase before an upward expansion, based on classic Wyckoff accumulation patterns. This perspective aligns with recent movements, where Ethereum has retested the $2,100 level, nearing the crucial $2,200 resistance zone.

Ethereum Price Set to Rally With Upcoming Expansion Phase

Crypto market analyst Ted Pillows has outlined a three-phase model in Ethereum’s recent price behavior: accumulation, manipulation, and expansion. Ethereum has spent nearly a year in the accumulation phase. During this time, the price remained in a narrow range, indicating limited retail activity and potential institutional accumulation.

The current phase, described as manipulation, has been marked by volatility and sudden dips. These moves push out weaker positions before a possible price expansion. Ted’s analysis suggests this phase may now be ending. Ethereum price is consolidating just under $2,200, signaling that an altcoin rally could be near.

According to Pillows, a confirmed breakout above the $2,200 resistance would indicate the start of the expansion phase. This phase often follows Wyckoff-style patterns and can lead to rapid price appreciation. The projected target during this phase could push altcoin price beyond the $4,000 mark, with momentum likely to increase if volume supports the breakout.

Technical Indicators Show Short-Term Sentiment

Recent data shows Ethereum price retested the $2,100 level after a low of $1,930. This marks the first move above $2,100 in two weeks. However, technical indicators remain divided on the short-term trend. A flag pattern has formed on the hourly chart, often viewed as a bullish continuation signal in technical analysis.

On the other hand, the 14-day EMA has converged bearishly near the overbought RSI range. This suggests caution, as short-term volatility may continue. If the resistance at $2,100 holds, top altcoin price may decline to test $2,000 again before any breakout.

More so, analyst Michaël van de Poppe supports the bullish outlook, noting that Ethereum is approaching a key resistance zone between $2,100 and $2,150. He suggests that a breakout above this range could trigger a rapid move toward $2,800, especially with the U.S. dollar index (DXY) showing a notable decline.

ETH Price Prediction

Adding to the bullish sentiments, a recent CoinGape report points to Ethereum’s reclaiming of the $2,000 level and strong on-chain accumulation as signs of an incoming multi-week rally. With whales acquiring 470,000 ETH in the past week and over 6 million ETH bought between $1,886 and $1,944, analysts suggest ETH could test the $3,000 mark.

At press time, altcoin price is $2,083, reflecting a 4% increase over the past 24 hours. Trading volume has surged by over 102%, reaching $14.77 billion, signaling renewed market interest and heightened activity.

The post Ethereum Price Eyes Surge To $4000 as It Exits Manipulation Phase appeared first on CoinGape.

24 Mar 2025, 2:42 pm

After days of market swings the global crypto market shows increasing signs of strength. The price of XRP continues at a steady pace close to $2.50. The market signs reveal growing confidence while showing four XRP tokens that might draw attention during this recovery phase.

The current market capitalization stands at $2.89 trillion while showing an uptick of 3.96% since yesterday. The trading volume has seen an explosion of 71.89% to reach $83.83 billion. The BTC price maintaining its position above $89,000 and continues to advance upward.

XRP Tokens: Dogecoin (DOGE)

Dogecoin (DOGE) has shown a minor price resurgence by maintaining a position above $0.16 during its latest descent. The price performance of the DOGE price has increased by 10% within 24 hours, which positions it as one of the four XRP coins on the market watch list. 

A crypto analyst pointed out that Dogecoin’s current position tests a strong resistance area before the digital token may possibly increase to double its current value.

Solana (SOL)

The rising value of Solana SOL has surpassed its crucial downtrend resistance to indicate an upcoming bullish trend. SOL tokens brought on a 10% increase during daily market activities while market sentiment grew stronger. 

The market has recovered broadly, and SOL holds its position in the $140 area as support. The recent market strength positions Solana as one of several XRP Coins that have caught investor attention because of the current market developments.

Analysis from Coinglass indicates that Solana derivatives trading experienced significant market expansion. The market participation surged by 125% to reach $10.65 billion. The overall open interest in derivatives reached $5.24 billion after a 15.54% increase. 

A significant customer influx indicates that users are increasingly choosing Solana while focusing on derivatives trading options within cryptocurrency exchanges.

Cardano (ADA)

The price of Cardano showed significant growth over the recent 24-hour period, creating a positive market trend. At its current price of $0.7388 ADA, a rise greater than 7% in the market has been observed. 

The positive direction of Cardano prices has become notable because the project aims to break through the $1 resistance mark. ADA’s position is strengthening as the crypto market identifies it as one of its XRP coins to watch.

Chainlink (LINK)

Chainlink price has seen a strong recovery in the past 24-hours following the bullish trend.

LINK price is trading in an ascending trend, eyeing more gains ahead if bullish make a strong comeback,the LINK price could rally above the $20 level in the near term. 

At the time of writing, the LINK hovered at $15.26, with a 10% surge in the past 24 hours, making it among the crypto to watch as the market recovers.

Final Thoughts

The crypto market’s recovery signs encourage investors to observe four specific XRP tokens. Markets display increased optimism because Bitcoin maintains stability while XRP maintains a value above $2.50. The market observers identify these 4 XRP Coins as the drivers for upcoming market developments.

The post 4 XRP Tokens to Watch As Crypto Market Begins Recovery Momentum appeared first on CoinGape.

24 Mar 2025, 1:59 pm