Stablecoins Shatter $250B Barrier in Historic Crypto Milestone
Stablecoins Shatter $250B Barrier in Historic Crypto Milestone
The stablecoin sector has officially vaulted beyond the $250 billion milestone, according to data from defillama.com. Over the past week alone, an additional $2.51 billion has poured into the swelling ecosystem of fiat-pegged digital tokens. Stablecoins Cross $250B for the First Time EverâWhatâs Next? For the first time ever, the stablecoin market has cracked the [âŠ]
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XRP and Solana Added to Nasdaq Crypto Index: Market Expansion Imminent?
The Nasdaq Crypto US Settlement Price Index (NCIUS) was updated on June 2 to include four new cryptocurrencies: Solana ($SOL), Cardano ($ADA), Stellar ($XLM), and XRP ($XRP). Earlier, it had only included $BTC and $ETH. While this is great news for the development of the broader crypto market, it âs caused an issue for the [âŠ]
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XRP Price Remains Bullish Above $2, This Falling Channel Says $3.8 Is Coming
The XRP price is holding strongly above $2, maintaining its momentum as technical indicators show signs of a bullish trend. Notably, a distinct Falling Channel on the XRP price chart suggests that a breakout could be brewing, with a potential rally toward $3.8 in sight. XRP Price Holds Steady As Bulls Target $3.8 A technical analysis by Rose Premium Signals reveals that XRP is currently flashing strong bullish signals following a breakout from a long-term Falling Channel. Earlier in January, XRP broke past $3 but experienced a strong correction that has kept its price down ever since. Despite the ongoing downtrend, XRP has been firmly holding above the $2 threshold as it prepares for new all-time highs. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? Previously, XRP traded within a descending range for several months, forming lower highs and lower lows. However, recent price action has seemingly invalidated this downtrend structure with a decisive breakout above the upper boundary of the Falling Channel, indicating a potential trend reversal and the beginning of a bullish continuation. The chart shared by Rose Premium Signals on X (formerly Twitter) shows that after the breakout, XRP has been consolidating above the former resistance-turned-support zone, around the $2 level. The analyst confidently states that XRPâs outlook remains inherently bullish despite past downtrends, suggesting that the recent consolidation pattern indicates that bulls are still in control. Notably, the breakout above the Falling Channel is significant, as it typically implies a strong upside move, especially on higher time frames. Projected price targets based on technical formation are positioned at $2.9520, $3.3967, and $3.8767. Interestingly, the highest projected target exceeds XRPâs all-time high of $3.84 and reflects a 73.54% increase from current price levels. Itâs important to note that these bullish targets forecasted by Rose Premium Signals align with historical resistance zones and measured moves from the Falling Channel breakout. If momentum sustains and market conditions remain favorable, XRP could rally toward these targets over the coming weeks, potentially offering significant upside for long-term holders and traders. Analyst Says Buy The Dip, With Ideal Entry At $1.85 While forecasting several optimistic targets for XRP, Rose Premium Signals emphasized a strategy of buying the altcoin during dips. This method aims to capitalize on low price points to maximize potential gains as XRP rebounds. Related Reading: Wave Count Analysis Reveals The XRP Price Trigger Point For Take-Off The analystâs chart highlights the $1.85 support level with a clear âBuy Hereâ label, suggesting that this level is considered an ideal entry point should the price revisit it. Currently, XRP is trading at $2.23, meaning a drop to $1.85 would represent a 17.04% decrease. According to the analysis, this support level also marks the base of the recent Falling Channel breakout, providing a favorable risk-reward setup for those looking to enter or expand their positions. Featured image from iStock, chart from Tradingview.com
Cardanoâs Biggest Economic Event Ever Is Coming This November: Hoskinson
In his latest live streamed AMA, Cardano founder Charles Hoskinson declared that Midnightâthe smart-contract side-chain he has long touted as the networkâs privacy and compliance pillarâwill ignite what he called âthe single biggest economic event in the history of Cardanoâ and that the decisive launch sequence will culminate by November. Cardano Biggest Economic Event âCardano [âŠ]
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Donât Risk Frozen Funds: Coinbase Has a Major Issue, So Choose Non-Custodial Best Wallet Instead
Coinbase CEO Brian Armstrong has acknowledged that the unexpected freezing of user accounts has been a major issue for the cryptocurrency exchange. In a recent announcement on X, Armstrong stated that the company has successfully reduced these unnecessary account restrictions by 82% and is committed to further improvements. The progress comes after significant investment in upgrading the platformâs machine learning models and infrastructure, according to Dor Levi, a product team member at Coinbase. The enhancements have improved the precision of the Coinbase security systems, leading to fewer legitimate accounts being mistakenly flagged and frozen. Despite these advancements, Armstrong and Levi confirmed that Coinbase will continue to comply with court orders and legal sanctions requiring account restrictions. The Custodial Dilemma: When Your Crypto Isnât Yours Despite the platformâs efforts, the announcement has been met with continued frustration from many customers. Some users on social media reported being unable to access funds for months, and in some cases, over two years, leading many to abandon the platform. Compounding the issue are complaints made on X about the difficulty of reaching a human customer service representative to resolve matters. The situation is a stark reminder of the inherent risks associated with custodial wallets, where a third party, like Coinbase, holds the userâs private keys and thus has ultimate control over their funds. Given these challenges, the principle of ânot your keys, not your cryptoâ has never been more relevant. The only way to guarantee immunity from third-party freezes, breaches, or restrictions is by using a non-custodial wallet like Best Wallet, where you retain complete control of your private keys and digital assets. Best Wallet: Security You Control, Freedom You Deserve If youâre looking to escape these custodial risks, Best Wallet offers a powerful solution built on the principle of true ownership. As a leading non-custodial wallet, it ensures your private keys are stored directly on your device, not a central server. This eliminates the risk of a third party freezing your account, as users have experienced with Coinbase. Beyond its security, Best Wallet is a feature-rich powerhouse. You can seamlessly manage a diverse portfolio with its multi-chain support and display your prized digital collectibles in the integrated NFT gallery. Forget complex exchanges; the built-in swap feature allows you to trade assets instantly and securely right within the wallet. With Best Wallet, you are your own bank, empowered with true financial sovereignty and the cutting-edge tools to navigate the world of digital assets. Itâs more than just security; itâs the freedom to manage, trade, and display your entire portfolio on your terms. Best Wallet Token ($BEST): Rewarding Your Financial Freedom At the heart of this user-centric ecosystem is the Best Wallet Token ($BEST), a key that unlocks the ecosystemâs full potential. $BEST is more than just a digital asset; itâs a utility token designed to reward its holders. By owning $BEST, you unlock instant access to premium features and valuable financial benefits within the Best Wallet ecosystem. Enjoy significantly reduced fees on in-app swaps and transactions, maximizing the value of every trade. $BEST is also your ticket to higher yields, granting you access to boosted staking rewards on various assets. One of the most appealing benefits of holding $BEST is its early access to the best new crypto presale tokens from up-and-coming projects, allowing you to invest before they hit the market. Beyond personal gain, holding $BEST gives you a voice. It grants you governance rights, allowing you to vote on key proposals and help shape the future development of the Best Wallet platform. $BEST is available in presale for $0.025155, but we predict it could reach $0.035215 by the end of 2025, an impressive 39.99% gain if you invest now. $BEST isnât just an asset; itâs your all-access pass to a more powerful, rewarding, and community-driven crypto experience. Ready to join? Our step-by-step guide on how to buy Best Wallet Token will walk you through the process. As non-custodial wallets like Best Wallet and its native token $BEST could unlock many impressive features and overcome issues that custodial wallets face, you must remember to research before making any investments.