Altcoin
Berachain (BERA) Price Rockets 630% Amid Major Binance Support, What’s Next?
Crypto exchange giant Binance set off bullish waves surrounding Berachain (BERA) price on Friday, revealing a vital update on the token. Notably, the cryptocurrency exchange is expanding market support with new trade offerings for the recently launched asset, fueling investor optimism amid an ongoing 630% price rally. Now, market participants anticipate further gains in the asset despite the broader sector’s volatility, primarily as the enhanced support paves the way for heightened market exposure ahead.
Berachain Price Bullish Amid Binance’s Support
Usual market sentiments convey immense optimism in light of listings on top crypto exchanges, as it paves the way for massive money inflow into the assets, given the platform’s colossal user base.
In light of this, traders remain bullish as a recent Binance announcement revealed that Berachain will be integrated into the platform’s Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures trading divisions. The enhanced trade offerings are set to magnetize a colossal number of market participants who are looking to book profits with new emerging assets. In other words, these extended offerings are likely to boost the Berachain price further ahead.
Flexible products for the same were listed on Simple Earn at 13:00 UTC on February 6. Starting February 7 at 10:00 UTC, users can purchase the token using any of the payment options supported on Auto-Invest.
Further, the announcement revealed that the users may utilize VISA, MasterCard, Google Pay, Apple Pay, and Revolut to buy the token. Whereas, they can also buy and sell it with their account balances on the “Buy Crypto” page within one hour of spot listing.
Also, users can start trading the new coin against BTC, USDT, and other tokens on Convert within one hour of spot listing. Trading for new borrowable assets for the same on Cross and Isolated Margin is to commence at 16:00 UTC on February 6.
Notably, a USD-margined perpetual contract for Bearchain was also launched, per the announcement, offering users 75x leverage while futures trading. Altogether, the stockpile of enhanced offerings has paved a highly bullish path over BERA price’s future movements, attributable to burgeoning market exposure.
Crypto Traders’ Strategies Spark Speculations
Meanwhile, crypto whales’ recent trade maneuvers surrounding the coin raised eyebrows across the market. Soon after Berachain’s listing, a whale made a remarkable $589K profit by shorting it. Lookonchain’s data revealed that a trader deposited 1.6 million USDC to Hyperliquid, shorting the newly launched token at $13. Thereby, the trader closed this position, withdrawing 2.19 million USDC and making the previously mentioned profit.
Since the start of February 7, the Berachain price has lost nearly 16% as of press time. While the short position itself underscored short-term volatility, its close hints that further downside momentum does not lie ahead.
Simultaneously, another post by the transaction tracker revealed that a whale recently went long on the same asset. This whale deposited 2..5 million USDC into Hyperliquid to go long on BERA’s price. As a result of these transactions, market participants mainly remain optimistic about the price ahead, with sentiments further uplifted due to the Binance listing. CoinGape previously reported that BERA token listing & airdrop promptly gained significant traction across the broader market, echoing a buzz for the new cryptocurrency.
BERA Price Skyshots 630%
At the time of reporting, BERA price witnessed a 630% since its launch yesterday, exchanging hands at $7.705. The coin’s intraday low and high were $1.00 and $14.99, respectively.
Notably, the coin’s rising action aligns with its recent listings and Binance’s support, which uplifts market sentiment. Traders also reacted highly positively to the listings and the new token’s launch, as indicated by a staggering 165895.91% surge in the intraday trading volume to $2.86 billion. Crypto traders and investors continue to eagerly eye the token as it defies the recent broader market trend, showcasing the potential for further gains.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The potential approval of an XRP ETF is looking more likely, which is bullish for the XRP price. Although XR hasn’t reacted positively to the recent ETF news, this fund could contribute to the projected rallies for the crypto.
How Will An XRP ETF Impact The XRP Price
An XRP ETF is undoubtedly a positive for the XRP price, as it will drive institutional funds into the XRP ecosystem, which could lead to a massive surge for the crypto. In fact, approval of the pending ETF applications could be one of the catalysts for XRP’s projected rallies in this market cycle.
Crypto analyst Dark Defender recently predicted that the XRP price could rally to $8 if it holds the crucial support level at $3. However, from a fundamental standpoint, approval of an XRP ETF could be what drives XRP to this price target.
It is worth mentioning the impact that the Spot Bitcoin ETFs had on the Bitcoin price, as it rallied to a new all-time high (ATH) a few months after the BTC ETFs launched.
Similarly, the XRP price could rally to a new ATH and even reach this $8 price target if the XRP ETFs eventually launch. Meanwhile, there is also the possibility of the crypto rallying to as high as $27 in this market cycle.
Crypto analyst Egrag Crypto recently revealed that the crypto was mirroring its 2017 pattern. Based on this, the analyst predicted that XRP could rally to $27 from its current level.
Situation Of Things
Six asset managers, Bitwise, Canary Capital, Grayscale, WisdomTree, REX Shares, and 21Shares, have all filed to offer an XRP ETF. The CBOE BZX Exchange recently filed 19b-4s with the US SEC to list and trade XRP ETFs offered by Bitwise, Canary Capital, 21Shares, and WisdomTree.
Despite this development, the XRP price failed to rally, which sparked a bearish sentiment among some market participants. However, it is worth mentioning that the bearish outlook around the crypto’s price is due to the bearish sentiment in the broader crypto market. The Bitcoin price dropped to as low as $91,000 earlier this week, dragging altcoins like XRP down alongside it.
Despite this development, crypto analyst Mikybull Crypto asserted in an X post that it is hard to be bearish on XRP at its current price levels. Based on his accompanying chart, the crypto could still rally to as high as $7 in this market cycle.
Factors like the approval of an XRP ETF are bound to contribute to this projected price rally. Meanwhile, there is a high likelihood that the SEC will approve these funds under the new administration.
The Commission has shown its willingness to create a more regulatory environment by creating a crypto task force aimed at providing regulatory clarity. Additionally, the SEC recently reassigned its head crypto litigator, Jorge Tenreiro, hinting that the agency may be about to ease off on its crypto enforcement actions.
Other Positives For XRP
Besides the potential approval of the XRP ETFs, other fundamentals paint a bullish picture for the XRP price. As CoinGape reported, Ripple whales have been actively accumulating, recently buying 520 million coins amid the downtrend.
According to the New York Post, Ripple CEO Brad Garlinghouse has emerged as a top contender for a seat on the US Crypto Advisory Council, which is bullish for XRP, given the crypto’s ties to Ripple.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A Shiba Inu whale echoed a market frenzy on Friday by moving a staggering 3 trillion tokens amid a broader sector dip. Recent whale data indicated that the transfer was made between two unknown wallets, igniting a tidal wave of speculations among traders and investors globally. Meanwhile, SHIB price traded at the $0.000015 level, down nearly 2% from yesterday.
Shiba Inu Whale Moves 3T Tokens Sparking Discussions
According to recent data by Whale Alert on X, a Shiba Inu whale moved a staggering 3.36 trillion tokens, worth $51.15 million, to another unknown wallet. This move has sparked speculations as the potential reason behind the trade maneuver remains unknown. As per the data, the wallet address 0x305 was recorded to have made the transfer to another address, 0x4bd.
Although the transfer could be due to a number of reasons, it’s worth mentioning that large-scale investors, aka crypto whales, hold notable influence over the market.
61% Of Supply In SHIB Whales Control
Simultaneously, recent data by Santiment showed another vital dynamic that underscored whales’ impact on the top meme coin’s value ahead. The top 10 largest wallets in the SHIB ecosystem hold nearly 61.3% of the meme coin’s supply, an alarming concern for medium or small-scale investors.
As a small number of holders have substantial control over the market, a selloff sentiment amongst them could deal a severe hit to price. Moreover, this stat overshadows other tokens such as Ethereum, Chainlink, and Toncoin in terms of large holders’ control over the market. In light of this data, the Shiba Inu whale transaction mentioned above gained significant traction.
What’s Next For SHIB Price?
At the time of reporting, SHIB price witnessed a 2% decline and exchanged hands at $0.00001543. The meme coin’s 24-hour low and high were $0.00001478 and $0.00001575, respectively. Notably, the waning action falls in line with the broader crypto market trend.
Also, despite a nearly 500% surge in the SHIB burn rate today, per Shibburn on X, the price faces heat. The Shiba Inu whale’s transfer amid this dip raises eyebrows across the global crypto
space.
A SHIB price analysis by CoinGape reported that millions of coins were burned recently, dealing a massive blow to the supply. This has aided the token in sustaining a break above $0.000015, a vital level to witness further gains.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Fartcoin price remains much-eyed by crypto market traders and investors globally as the meme coin has fallen from grace, down nearly 83% from its peak and now at the $0.46 level. Nevertheless, recent market data flagged rising whale accumulations for the Solana meme coin, conversely generating sentiments of a price recovery ahead.
Despite the current market volatility, two smart whales collectively bagged nearly 6 million tokens. As a result, market participants speculate whether a recovery to $1.4 or a crash to $0.35 awaits amid broader trends.
Fartcoin Price Bullish Amid Smart Whale Accumulations?
The latest whale data suggests that a potential recovery awaits the meme coin despite the broader turbulent trend. According to the on-chain transaction tracker’ ai_9684xtpa’ on X, two smart money addresses bagged massive amounts of the Solana meme token amid its slump.
Per the data, smart trader ‘Ansem’ added 818,000 tokens at an average price of $0.4142. Further, the new address ’59aZn..’ bagged 5 million tokens from Kraken at a withdrawal price of $0.4574. Although Fartcoin price is currently down 83% from its peak, these accumulations sparked optimism surrounding the coin’s future movements, signaling a ‘buy-the-dip’ opportunity.
Crypto Enthusiast Rationalizes Price Dip
Meanwhile, crypto market enthusiast ElonMoney recently took to X, rationalizing the current dip in Fartcoin. According to the market enthusiast, a broader slumping action can currently be witnessed across the altcoin sector, with AI tokens, ai16z, & Fartcoin following the trend.
In light of this broader trend, the Solana meme coin also dropped from a $2.6 billion market cap despite having strong sentiment, high mindshare, and significant inflows. The market expert adds, “This isn’t about the token – it’s about the market.”
Fartcoin Price Target: $1.4 Or $0.35 Ahead?
At the time of reporting, FARTCOIN price witnessed a 10.5% drop in value over the past day and is currently trading at $0.4662. The coin’s intraday low and high were $0.4126 and $0.5166, respectively. Crypto traders and investors remain bullish in the wake of the abovementioned smart money accumulations, expecting a recovery ahead.
However, the current crypto market trend has presented altcoins and meme coins with substantial pressure. In light of this trend, market analyst Vegeta further took to X, spotlighting that the range from $0.39 to $0.69 remains vital to confirm a bullish or bearish run ahead.
A sustained break above $0.69 could pave the way for further gains, and thus a $1 price target, given the asset sees renewed market interest as seen with the abovementioned buying by smart whales. Conversely, a slip below $0.39 may bring further downside pressure to the asset.
A recent Fartcoin price analysis by CoinGape revealed that the token witnessed a drop amid market interest shifting toward the TRUMP token. As per the analysis, the meme coin significantly lost its market cap amid TRUMP’s launch as liquidity from the broader Solana meme coin sector shifted to the new token.
Nevertheless, with smart whales buying in action, a market sentiment shift could be witnessed ahead. The analysis further revealed that a recovery above $1.00 could signal renewed confidence, thus paving the way for $1.4, given buyers sustain the movement.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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