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Vine Coin Price Surges 60% Amid This Binance Announcement, What’s Next?

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Vine Coin has recently emerged as the talk of the crypto town by witnessing major price gains and a listing. Notably, VINE price shot up nearly 60% on Friday as Binance unveiled a futures listing for the token. Further, in light of recent events such as Elon Musk fueled speculation over the revival of the Vine social media app, this new token has gained significant traction across the broader crypto industry.

Vine Coin Price Bullish As Binance Launches Futures Listing

In an official Binance announcement dated January 24, the crypto exchange revealed a perpetual contract launch for Vine Coin. As per the announcement, the crypto exchange’s futures division is launching the VINEUSDT perpetual contract with a maximum of 75x leverage for users at 10:00 UTC today.

As a result, the coin’s price saw considerable gains amid enhanced trade offerings and heightened market exposure. Moreover, the capped funding rate for the asset was set at +2.00% / -2.00% by the exchange. Altogether, the new futures listing on one of the top crypto exchanges has sparked substantial investor enthusiasm over the token’s future movements amid its recent hype.

Crypto Trader Makes Huge Returns Amid Vine Coin Price Surge

It’s also noteworthy that a crypto trader has made massive profits with Vine Coin, CoinGape recently reported. Notably, the token aided a crypto trader in turning a $270K loss into a $4.5 million profit with its massive price surge earlier. This saga has garnered further market attention towards the crypto amid Binance’s listing.

Elon Musk Fuels Speculation With Recent Comments

Simultaneously, it’s also worth considering that American billionaire Elon Musk’s recent comments around the revival of the Vine social media app have brought additional attention to the token. Notably, the Tesla & SpaceX lead recently posted about ‘bringing back’ the social media app, which appears to have added fuel to the fire surrounding the crypto.

Also, it’s worth mentioning that Rus Yusupove, the creator of the social media app, recently announced this new coin on X. Overall, these chronicles revolving around American prominencies have further bolstered the market sentiment for Vine Coin amid its recent price breakout.

VINE Shoots Up 60%

At the time of reporting, VINE Coin price witnessed a phenomenal 60% uptick in value and is currently trading at $0.2702. The coin’s 24-hour low and high were $0.1264 and $0.4289, respectively. Notably, the recent upward trajectory aligns with the heightened market interest amid Binance futures listing and speculations of the revival of the social media app.

Further, market watchers remain bullish on future movements in light of the abovementioned factors. Given that the social media app comes back to life ahead, the market sentiment orbiting this crypto could be further uplifted. Meanwhile, the futures listing paves the way for further money inflow into the token’s ecosystem, indicating more price gains are possible.

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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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RUNE Price Tanks 30% Amid THORChain Insolvency Reports

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RUNE, the native cryptocurrency of the decentralized liquidity protocol THORChain, is facing strong selling pressure amid reports of insolvency. The RUNE price has crashed 30% in the last 24 hours with its market cap plunging under $800 million and daily trading volume shooting up by 112% to $758 million.

RUNE Price Crashes Amid Insolvency Risks

THORChain’s native cryptocurrency RUNE has witnessed strong selling pressure as the liquidity protocol faces insolvency risks. In order to prevent this, the protocol has to stop Bitcoin (BTC) and Ethereum (ETH) withdrawals on its lending as well as the savers program.

As a result, node validators decided to pause the network for a minimum of 90 days in order to resolve the debt issues. As of now, THORChain’s lending program supports only BTC and ETH. However, its saver vaults provide access to a wider range of assets.

In the case that all loans and saver positions were simultaneously closed and repaid, a potential insolvency risk emerges. Furthermore, with the RUNE price collapsing, it could trigger further trouble for the interblockchain settlements protocol THORChain.

THORChain Community Members Complain

Some of the community members have raised concerns asking RUNE investors to stay cautious considering that the protocol has significant liabilities. According to crypto analyst TCB, the protocol’s liabilities amount to:

  • $97 million in lending obligations (primarily in ETH and BTC).
  • $102 million tied to savers and synthetic assets (also in ETH and BTC).

Furthermore, on the asset side, Thorchain currently holds $107 million in exogenous liquidity within its liquidity pools. However, the analyst TCB warned that the liquidity providers (LPs) could withdraw these liquidity assets at any moment if RUNE holders trigger a panic selloff. This could further exacerbate if the RUNE price collapses from here. “I’m not going to sugarcoat the situation—this is far from all right,” TCB stated.

The Interblockchains protocol mints RUNE and sells it into liquidity pools to cover liabilities. Community member TCB criticized this design calling it financially unstable and highly reflective.

Recent activity highlights the issue: repaying $4 million worth of RUNE liabilities on the previous day led to the protocol accruing additional liabilities amounting to several million RUNE.

What’s the Solution to This?

TCB proposed two solutions ahead for THORChain, however, it comes with its own set of challenges. The decentralized protocol is currently at a crossroads. TCB said:

  1. Continue Operations Without Intervention: This would allow an estimated 5-7% of the system’s value to be extracted by a select few who exit early, triggering a downward spiral in RUNE price. Under this scenario, approximately $75 million would go to those exiting first, while $1.5 billion in value could be wiped out, potentially leading to the destruction of Thorchain.
  2. Default and Rebuild: The protocol could default on its debts and declare bankruptcy, preserving the valuable components of its ecosystem. By salvaging these assets, the community and stakeholders could work collaboratively to grow the network. This approach aims to restore the $200 million in outstanding capital over time, ensuring the protocol’s long-term viability and stability.

As said, both these options come with their own set of risks. Soon after the node validators paused the network the RUNE price drop has been arrested at $2 for now. In fact, the THORChain crypto price has bounced back 30% from the bottom currently trading at $2.30.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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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Next Big Crypto as Trump Issues Crypto Executive Order

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Turns out Trump’s promise to make crypto a national priority wasn’t empty talk.

Yesterday, he signed the first crypto executive order that outlines several big commitments:

  • To stop persecution of companies and individuals for engaging in any lawful crypto activities
  • To support the development of dollar-backed stablecoins
  • To roll out clear digital assets regulations that would drive innovation
  • To halt the creation of central bank digital currencies (CBDCs)

Trump also established the President’s Working Group on Digital Asset Markets, led by the AI and crypto czar David Sacks.

The Working Group’s agenda includes evaluating the possibility of creating a ‘national digital asset stockpile.’ Notice how it doesn’t mention $BTC, so we might see altcoins like $ETH, $XRP, or $AAVE in the mix.

The cherry on top? The SEC scrapped the anti-crypto SAB 121 bill that enforced strict accounting standards on crypto firms.

The bottom line is that crypto has a bright future ahead, so now is the right time to grow your portfolio.

Here’s our educated guess at the next big crypto with a potential for 100X returns.

1. MIND of Pepe ($MIND) Offers Trading Insights Free From Human Bias

Trump expects AI to be his golden goose this year, as evident from his recent $500B investment into Stargate, a joint venture of OpenAI, Oracle, and Softbank.

For the crypto community, this means one thing – invest in AI tokens.

MIND of Pepe ($MIND) is one of the best early-stage AI agent tokens that’s rapidly gaining momentum. The project swooped in $3.4M in its first two weeks on presale. One $MIND now costs $0.0031889, but the price will increase tomorrow.

Mind of Pepe presale

$MIND is an autonomous agent that analyzes market data to deliver its token holders exclusive insights. It can also engage in conversations and launch its own tokens, which will be only available to early adopters.

And since $MIND is free from human bias, its trading advice should theoretically be more effective. With no fear or greed to cloud its judgment, $MIND could identify and capitalize on market trends with great precision.

2. Meme Index ($MEMEX) Offers Safe Exposure to the $21B Meme Coin Market

Meme coins are another sector that’s likely to flourish under Trump’s administration. The tricky part is finding meme coins that will explode.

Meme Index ($MEMEX) simplifies this with four baskets that cater to different risk appetites. Essentially, you invest in eight meme coins instead of one to spread the risk and offset potential losses.

True degens will favor the Frenzy index, which features new tokens that might rival the heavyweights. If you prefer to play it safe, pick the Titan index with established coins like $DOGE, $SHIB, and $PEPE.

Meme Index presale

One $MEMEX costs $0.0154693, and early supporters have bought $2.8M worth of tokens so far.

First-movers have two advantages: an 826% staking APY and governance rights. $MEMEX holders can vote on decisions regarding new features, community initiatives, and basket content. If you’d like to get in early, you can find more information in our Meme Index price prediction and how-to-buy $MEMEX guide.

3. Virtuals Protocol ($VIRTUAL) Rides the AI Agent Wave with 23 of the Top 100 Tokens on Board

Virtuals Protocol ($VIRTUAL) has one advantage over other AI tokens: it’s an AI agent launchpad. Twenty-three of the top 100 AI agent tokens run on Virtuals, including $AIXBT, $GAME, $SEKOIA, and $FREYA.

The logic is simple: as long as the AI agent frenzy continues and users launch their own tokens, the demand for $VIRTUAL will grow. Even if most of these tokens sink, their issuers must buy some $VIRTUAL to get started.

$VIRTUAL has grown 26,009% since its launch in December 2023 and became the second-largest AI agent token by market cap, right after $FET.

The token dropped to $2.63 from its all-time high (ATH) of $5.07 recorded on January 2. However, this dip presents an appealing buying opportunity as $VIRTUAL is likely to see more upside in 2025.

Virtuals Protocol price

4. XDC Network ($XDC) to Lead Enterprise Crypto Adoption

XDC Network integrates public and private blockchains to digitize and streamline business processes and software development. It can automate letters of credit, cross-border payments, and data management, among everything else.

The ecosystem’s native token, $XDC, is now actively recovering from the bear market of 2023. On January 16, it reached $0.16, just 18% away from its 2021 ATH of $0.19, but has since dipped to $0.11.

On top of that, XDC Networks’s TVL (Total Value Locked) hit a record $38.25M last week. This indicates a surge in institutional adoption of XDC Network-based protocols.

XDC Network TVL

With the new presidential administration’s pro-crypto stance, we can expect even more companies to integrate blockchain into their processes, which would drive $XDC’s growth.

January 23 – Future National Crypto Day?

The crypto market has come a long way, and January 23 might very well become National Crypto Day in the US.

We expect Trump’s crypto executive order to promote innovation, drive blockchain adoption, and fuel a broader bull run in 2025.

However, we remind you that favorable market conditions don’t guarantee the success of individual projects. DYOR, diversify your portfolio and never invest more than you can afford to lose.



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Shiba Inu Burn Rate Soars By 1000%, SHIB Price At Inflection Point

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The renowned dog-themed meme coin Shiba Inu burn rate has again witnessed a remarkable surge on Friday, up roughly 1000%. Recent data provided by the token’s burn tracker indicated that over 6 million coins were permanently removed from the asset’s market supply. In turn, traders and investors anticipate a bullish impact on SHIB price, with their optimism further supported by the latest community developments.

Shiba Inu Burn Rate Blows Up 1000% As Over 6M Coins Destroyed

As per an X post by the burn tracker Shibburn on January 24, the intraday Shiba Inu burn rate spiraled 1041%, propelling market optimism surrounding the meme crypto. Primarily, as 6.7 million tokens were removed from the circulating supply, traders and investors anticipated price gains ahead, mirroring the law of supply and demand.

For context, the meme coin’s burn mechanism sends SHIB tokens to a null address, thereby permanently removing them from the supply. In light of the abovementioned blow, market watchers expect a potential upswing despite the demand remaining the same.

Latest Community Developments Inject Additional Optimism

Simultaneously, it’s worth mentioning that the leading meme coin‘s community has also secured a landmark achievement recently. The introduction of ShibOS, a blockchain-based operating system, has emerged as a revolutionary action in the Web3 space.

Notably, the SHIB community introduced ShibOS, offering users seamless Web2 to Web3 transition opportunities for various use cases. This advancement, coupled with the Shiba Inu burn rate surge, has birthed noteworthy bullishness over the meme-themed asset’s long-term forecast.

What’s Ahead For SHIB?

At the time of reporting, SHIB price witnessed a gain of nearly 1% and is trading at $0.00002028. The cryptocurrency’s 24-hour low and high were $0.00001954 and $0.00002047, flagging a highly turbulent intraday action. Notably, the broader price chart for the meme coin shows a period of sideways trading, underscoring a consolidation.

However, the abovementioned Shiba Inu burn rate surge and recent developments can push the asset to witness remarkable gains ahead. Intriguingly, a recent SHIB price analysis by CoinGape reveals that it remains vital for the coin to break the key resistance at the $0.00002 level to embark upon a bullish movement.

Besides, it’s also worth mentioning that the meme coin’s price is currently under the 50-EMA, suggesting a bearish trend for the asset. Further, another vital factor remains that 200-SMA at $0.00001925. Given that SHIB breaks below this level, a fall to $0.000018 looms. Traders and investors continue to keep the token on their radars, awaiting significant price action shifts ahead.

Shiba Inu (SHIB) priceShiba Inu (SHIB) price

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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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