Solana Surpasses Binance Coin To Claim 4th Spot In Market Valuation, Trader Recorded Notable Losses

Solana’s SOL token has made significant strides in the cryptocurrency market, surpassing Binance Coin (BNB) to secure the 4th rank in terms of market valuation. This shift comes on the heels of a notable price spike over the weekend, further fueled by the growing frenzy surrounding meme coins on the blockchain, including $WIF, $BONK, and the latest addition, $BOME. With SOL’s market value now exceeding $90 billion, the token experienced a remarkable 10% increase in value for the day, reaching its highest level since December 2021 at $209 per token. This surge in activity underscores the increasing prominence of Solana

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Jupiter Soars by Nearly 100%, Leading This Week’s Crypto Gainers

Jupiter Soars by Nearly 100%, Leading This Week's Crypto GainersOver the past week, bitcoin and ethereum faced declines, while a number of alternative cryptocurrencies enjoyed significant appreciation. Notably, JUP soared by 99.5% against the dollar, with WIF climbing 42% and SOL increasing 37% in the same period. Alternative Crypto Assets Outshine Bitcoin and Ethereum with Double-Digit Growth This Week A plethora of cryptocurrencies, other […]

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Despite Broad Crypto Downturn, Solana Hits $200 Range and Overtakes BNB

Despite Broad Crypto Downturn, Solana Hits $200 Range and Overtakes BNBBased on the latest metrics, the cryptocurrency landscape has experienced a widespread but modest downturn. Yet, the digital asset solana has risen by 12.2% in the last 24 hours and 43% against the U.S. dollar over the past week. Currently, solana surpassed the $200 mark per coin as it closed in on BNB’s market capitalization. […]

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TON Coin Surges As Trading Week Ends On Positive Note

As the trading week comes to a close, Toncoin (TON) emerges as one of the standout altcoins, experiencing impressive growth of up to 30% in price over the past week. This surge brings TON closer to its previous all-time high, marking a significant milestone for the cryptocurrency.  The positive momentum in TON’s price aligns with the prevailing optimism surrounding Telegram, the social media platform closely associated with the TON ecosystem. With more projects adopting the Ton ecosystem, confidence in TON has been bolstered, driving its price upwards. The TON ecosystem experienced a significant surge in both price and volume during

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Avalanche Foundation Discloses First Batch of Meme Coin Holdings

Avalanche Foundation Discloses First Batch of Meme Coin HoldingsThe Avalanche Foundation has disclosed the first set of community coins, also called meme coins, in which the institution has invested under its $100 million Culture Catalyst fund launched in 2022. Coq inu, gecko, kimbo, nochill, and tech are the first five currencies that are part of the foundation’s holdings, and more might be chosen […]

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Ethereum Rollups Start Reaping Dencun Benefits: 99% Fee Drops Reported in Some Cases

Ethereum Rollups Start Reaping Dencun Benefits: 99% Fee Drops Reported in Some CasesEthereum rollups, the layer 2 scaling structures, have started reaping the benefits of the recently applied Dencun upgrade. The update, which included EIP-4844, also known as Proto-Danksharding, has allowed transaction fees to decrease by 99% in some cases, with Arbitrum, Base, Optimism, and Starknet becoming cheaper across the board. Ethereum Dencun Upgrade Reduced Rollup Fees […]

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Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B

Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103BIn the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days, Ethena’s USDE stands out with a 376% increase in its supply during […]

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CEX Platform Tokens And Solana Project Tokens See Significant Gains

In the world of cryptocurrency, both centralized exchange (CEX) platform tokens and tokens associated with the Solana project have experienced notable gains in recent trading sessions.  Binance Coin (BNB) surged past the $630 mark, registering a remarkable 24-hour increase of 15.64%, while OKB recorded a 24-hour gain of 9.5%. Solana (SOL) also saw a notable uptick, rising by 11.66% in the span of just 24 hours.  CEX platform tokens and Solana project tokens saw general gains. BNB once exceeded $630, with a 24-hour increase of 15.64%, and OKB had a 24-hour increase of 9.5%. SOL rose 11.66% in 24 hours,

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Elon Musk Backs DOGE for Tesla Payments — Says ‘Dogecoin to the Moon’

Elon Musk Backs DOGE for Tesla Payments — Says 'Dogecoin to the Moon'Tesla and Spacex CEO Elon Musk has expressed that Tesla should enable dogecoin as a payment method for its vehicles “at some point.” He exclaimed, “Dogecoin to the moon,” as he explained his reason for backing the meme cryptocurrency. “Lots of rich people were supporting bitcoin … But people on the line [at Tesla and […]

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Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin

Israeli Crypto Firm Launches Pilot for First Shekel-Backed StablecoinIsrael has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the crypto broker Bits of Gold in collaboration with the Israeli Capital Market, Insurance […]

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