Altcoin
Notcoin (NOT) Extends Weekly Rally to Over 350% Hitting New All-Time High
Telegram-based cryptocurrency Notcoin (NOT) has delivered a one-sided rally extending its weekly gains to more than 350%. While the broader cryptocurrency market consolidated over the weekend, the Notcoin (NOT) price surged by an additional 40% on Sunday hitting its all-time high of $0.027. As of press time, NOT is trading at $0.02373 with a market cap of $2.439 billion.
Notcoin Daily Transaction Volumes Skyrocket
In the recent rally, Notcoin’s daily transaction volume has skyrocketed by 220% moving all the way past $4.5 billion making it the fourth-highest treated cryptocurrency currently in the market.
Analysts attribute the surge in Notcoin’s value to its successful integration with Telegram’s extensive user base. Although the recent airdrop was initially met with lukewarm reception, it has since experienced a positive turnaround, reflected in the token’s price increase.
The notable growth in Notcoin network transactions aligns with its rising popularity. The platform allows users to earn NOT tokens through simple games and task completion. Recently, Notcoin introduced “earnings missions,” which enable passive token accumulation, further boosting user engagement.
With its straightforward gameplay and social media integration, Notcoin is well-positioned to capitalize on the growing play-to-earn trend. Market analysts believe that the Notcoin price could be eyeing potential gains to $0.1.
Whale Activity Surges
On-chain data provider Lookonchain has reported a significant surge in the price of Notcoin ($NOT), which has risen by more than 400% in the past seven days.
Lookonchain highlighted that a notable investor, referred to as a whale, has an unrealized profit of $862,000 on $NOT. This investor spent 50,550 $TON ($278,000) to purchase 46.4 billion $wNOT before $NOT was listed.
Each 1,000 $wNOT can be exchanged for 1 $NOT. On May 21, the whale converted all 46.4 billion $wNOT into 46.4 million $NOT and has been holding it since, realizing a profit of approximately $862,000.
The price of #Notcoin( $NOT) has risen by more than 400% in the past 7 days.
We noticed that a whale has an unrealized profit of $862K on $NOT.
He spent 50,550 $TON($278K) to buy 46.4B $wNOT before $NOT was listed.
1000 $wNOT can be exchanged for 1 $NOT.
On May 21, he… pic.twitter.com/Da29qniVzg
— Lookonchain (@lookonchain) June 3, 2024
As long as the craze around Telegram mini apps continues, the Notcoin bulls will continue to charge in, reaching higher price targets.
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.
Altcoin
Experts Predict XRP Price for 2025 if Bitcoin Hits $100K-$150K
With the Ripple Labs vs US SEC lawsuit almost over, traders are anticipating a huge XRP rally. The XRP price action has been sideways for more than two years, impacted by the bear market, the lawsuit, and Terra and FTX crises. The token can hit at least $2, if Bitcoin price gains momentum towards $100K-$150K after the most awaited breakout.
XRP Price Rally Holds Promise as Ripple Lawsuit Is Over
The US Securities and Exchange Commission (SEC) has only two weeks to appeal the remedies ruling by Judge Torres. The government agency hinted at not appealing summary judgment on XRP programmatic sales. It also regrets using the term “crypto asset securities” in crypto cases and decided to drop its use.
While the SEC deliberates to appeal against the remedies ruling, Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty indicated that the XRP lawsuit is over. They do not intend to appeal first, but cross-appeal is more likely.
Moreover, if the agency loses to Ripple in the Second Circuit Court, it will create a binding precedent over other courts. It discourages the SEC from appealing the Ripple case unless the agency has new clarity or evidence. This will boost XRP price.
Bitcoin Price Rally to $100K-$150K
Wall Street giants, analysts, and financial experts have predicted an average Bitcoin price rally to $100K-$150K in this cycle. Thus, the next wave of the bull market started with a 50 bps interest rate cut by the US Federal Reserve.
BTC price jumped nearly 10% this week, with the price currently trading at $62,814. The 24-hour low and high are $62,630 and $64,119, respectively. Furthermore, the trading volume has decreased by 21% in the last 24 hours, indicating a decline in interest among traders. The latest Bitcoin recovery was a bull trap as predicted by CoinGape Media.
However, Bitcoin price chart is forming a cup-and-handle pattern, which shows that a breakout could result in a massive bullish rally. But, Bitcoin needs to break above $67K and consolidate for a rally to $100K.
Why XRP Price Will Rally With Bitcoin?
Popular crypto analyst CredibleCrypto has predicted a 25% rally in XRP price to $0.75 in October. However, the price needs to first push below a range low before moving right back into the range and heading in the upside direction.
A rally to $1 will be supported by the historically bullish fourth quarter for the crypto market. Traders will also have more positive sentiment with no implications of elections and the Ripple vs SEC lawsuit. The XRP price target of $2 in 2025 is based on market demand and supply dynamics in the bull run.
Moreover, crypto analyst Ali Martinez revealed that whales have bought over 380 million XRP in the last 10 days. In total, whales purchased tokens for around $228 million. The buying activity started even weeks before the Fed rate cuts due to positive sentiments from Wall Street.
The above predictions coincide with the technical indicators, patterns and support-resistance levels in daily timeframe. Investors need to track this and chart in higher timeframes for potential entry and exit points to turn thousands in millions.
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.
Altcoin
What’s the Agenda of Cardano Founder’s Meeting with Argentina President Javier Milei?
In October, Charles Hoskinson, the founder of Cardano, will take an appointment with the President of Argentina Javier Milei to discuss the future of cryptocurrency economies.
Hoskinson will attend Tech Forum Argentina, where he intends to have a debate with the President of Argentina on October 19.
Argentina Explores Blockchain Future with Cardano’s Hoskinson
The meeting is set to discuss how blockchain could be a game-changer for global economic, political, and social systems. The discussion would even seek to brief about the technological needs and values of the Argentinian nation, CBDC development, and possible future partnership with the nation as part of rebuilding its economy.
According to Hoskinson:
“We’ve had many discussions with his administration, and I’m going to meet him probably on the 19th, but at some point, if not then within that time frame, we’ve been discussing with people that work with him and forum what blockchain’s future is going to look like. It’s not a Cardano only conversation, there’s a whole family of technologies.”
This was evident in a recent interview when Cardano founder Charles Hoskinson described Argentina’s President Javier Milei as a “philosophical Austrian.”
The comment worked to align Milei with ideals shared by the crypto community. Hoskinson noted that Milei supports eliminating government-controlled money and is an advocate for private institutions and free markets. He further exclaimed, “Milei shares a similar creed as those greats like Ludwig von Mises and Murray Rothbard; his political philosophy consequently really tallies with the ethos of the cryptocurrency industry.
This is the first strong presence of Cardano in Argentina, since Hoskinson’s forthcoming visit with President Milei is confirmation. The country has been open to Cardano initiatives-finding several collaborations to influence blockchain adoption. In June of 2024, the Cardano Foundation partnered with Argentina to promote local blockchain initiatives.
Cardano has a relationship with Argentina that goes back to the early days of the protocol. One of Cardano’s first development partners, AtixLabs, is from the country. “Cardano has had a significant presence in Argentina for a long time,” Hoskinson highlighted, pointing to the strong foundation of the network.
He also referenced Argentina’s history with Bitcoin, noting how BitPay, one of the first big crypto companies, created its Copay wallet in Argentina back around 2012. President Milei has been a loud pro-crypto leader, and he publicly shilled Cardano. In May 2024, Milei forwarded on his X page a Cardano-themed message from Dario Epstein, and he has forwarded on at least one of Hoskinson’s tweets.
President Milei to Witness Cardano’s DeFi Governance Milestone
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.
Altcoin
XRP $2 Billion Price Correction Enables Whales To Diversify in New AI Social Dating Crypto GoodEgg
In the ever-evolving landscape of cryptocurrencies, Ripple (XRP) has made waves in 2024 by pushing boundaries in the blockchain sector. However, even amidst its latest moves, a significant $2 billion price correction has occurred. This correction has prompted many Ripple (XRP) whales to diversify their portfolios, eyeing the rising star in the market—GoodEgg (GEGG), an AI-powered “Social Dating” cryptocurrency.
Ripple (XRP)’s Major Price Correction
As the year unfolded, Ripple (XRP) faced one of its biggest corrections, with $2 billion wiped off its market capitalization. While Ripple (XRP) has remained a key player, its struggles are tied to both regulatory pressures and market volatility. This correction, while significant, comes at a time when Ripple (XRP) is exploring new avenues, particularly with its Ripple USD (RLUSD) Stablecoin.
According to Ripple (XRP)’s recent report, RLUSD aims to compete in the rapidly growing fiat-backed stablecoin market, which saw $6.87 trillion in transactions in 2022—more than both MasterCard and PayPal. RLUSD is designed to maintain its value at $1, backed entirely by a reserve of cash and equivalents, ensuring stability for users.
The Ripple (XRP) whales, however, seem cautious. As the market becomes more volatile, many of them are diversifying their portfolios, seeking new opportunities beyond traditional blockchain and stablecoin assets. This search for the next big investment has led them to the booming presale of GoodEgg (GEGG), which has captured attention with its unique approach.
GoodEgg (GEGG): 2024’s Standout AI-Driven Social Dating Token with High-Growth Potential
GoodEgg (GEGG) has emerged as one of the most exciting presale tokens in 2024, boasting an innovative combination of AI technology and social scoring features. As the first AI-driven social dating cryptocurrency, GoodEgg (GEGG) offers more than just a financial asset—it provides a platform for users to connect, score, and match with potential partners in a decentralized environment.
Currently priced at $0.00021, GoodEgg (GEGG) has completed 65% of its Stage 2 presale, attracting both retail investors and institutional whales looking for high-growth opportunities. Its unique Play-to-Date feature, which incentivizes user interaction through rewards, adds a new layer of utility to the token. For investors seeking exposure to AI and blockchain-based innovation, GoodEgg (GEGG) represents a compelling opportunity.
Ripple (XRP)’s Push With RLUSD and Stablecoins
While Ripple (XRP) continues to dominate headlines with its cross-border payment solutions, much of the attention in recent months has shifted toward the introduction of Ripple USD (RLUSD). As a fiat-backed stablecoin, RLUSD provides the security and efficiency of blockchain with the trust and stability of the US dollar. According to Ripple’s blog, RLUSD is 100% backed by cash reserves, ensuring that users can redeem it 1:1 for US dollars.
Stablecoins like RLUSD have become increasingly popular as cash usage declines. In 2022 alone, fiat-backed stablecoins like USDT and USDC processed $6.87 trillion in transactions—an astounding figure that outpaced even the largest traditional payment platforms. RLUSD aims to capture a share of this market, but it also faces competition from other major players like PayPal’s PYUSD.
Despite these advancements, the recent price correction in Ripple (XRP) has caused concern. Some analysts argue that RLUSD and other stablecoin initiatives might not be enough to bolster Ripple (XRP)’s long-term value, especially given the growing competition in the stablecoin sector.
Market Uncertainty Drives Ripple (XRP) Whales Toward Promising GoodEgg (GEGG)
For Ripple (XRP) whales, the $2 billion price correction has raised questions about the token’s short-term growth potential. This uncertainty has led many to explore new investment avenues, and GoodEgg (GEGG) has quickly risen to the top of their watchlists. Its innovative use of AI in the social dating space, combined with the rapid growth of its presale, makes it an attractive option for those looking to diversify.
In comparison to Ripple (XRP), which is entrenched in regulatory challenges and market volatility, GoodEgg (GEGG) offers a fresh, exciting alternative. The token’s utility as both a financial asset and a tool for user interaction in the digital dating world gives it a unique edge in the marketplace.
As a Final Point,
As Ripple (XRP) continues to navigate its way through price corrections and regulatory challenges, GoodEgg (GEGG) is steadily rising as a promising alternative for investors, particularly whales looking to diversify their portfolios. The recent $2 billion correction in Ripple (XRP)’s market cap has made diversification a prudent strategy, and many see GoodEgg (GEGG) as the next big opportunity.
With its AI-driven social scoring system, GoodEgg (GEGG) has carved out a unique niche in the cryptocurrency world, offering both financial growth and practical utility. As whales continue to move assets into this new token, it will be exciting to see how GoodEgg (GEGG) develops and whether it can rival giants like Ripple (XRP) in the months ahead.
Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community:
Visit GoodEgg (GEGG)
Telegram: https://t.me/GEGG_OFFICIAL
X/Twitter: https://x.com/GoodEggToken
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