A crypto currency trader has recorded an extraordinary 36,067-fold return on their investment by betting on a new Solana (SOL) meme coin, Unicorn Fart Dust (UFD). The trader initially invested 0.4 SOL, equivalent to $90.28, to purchase 12,980,490.53 UFD tokens. Over the course of 48 hours, the trader executed two significant swaps. First, exchanging 50,000 UFD for 13.27 wSOL,
Though most discussed in the context of the staggering post-election rally, XRP’s most recent trend has been one of stagnation, and the latest even turned into a substantial price drop. Specifically, even though the token is up a staggering 115.99% in the last 30 days, it is 3.42% in the red in the last 7 days and 5.53% in the
As 2024 nears its close, the cryptocurrency market is once again showcasing its dynamic and volatile nature, capturing the attention of traders and investors navigating shifting trends. Following a sluggish start to the month, the global market has rebounded sharply, with Bitcoin (BTC) surging to a new all-time high of $108,268, sparking renewed optimism across the digital
Volodymyr Nosov, the CEO of WhiteBIT, one of the largest crypto exchanges in Europe by traffic and trading volume, has shared the journey his company has undergone. Nosov explained that the exchange grew by over 500%, with new offices in various parts of the world, over 1,100 employees, and partnerships with prominent brands, including FC Barcelona, Turkish
American economist Peter Schiff is sustaining his critique of MicroStrategy (NASDAQ: MSTR) executive chairman Michael Saylor’s Bitcoin (BTC) accumulation spree as a ‘shell game,’ questioning its long-term viability. This criticism comes as MSTR’s share price has experienced a bearish sentiment in the short term, dropping 8% in the past week despite Bitcoin trading at a new record high. According to
Bitcoin now commands its highest-ever value relative to gold, marking a potential shift in store-of-value preferences. Bitcoin’s break to new heights this week has nudged its ratio against gold to record levels as institutions continue to pile into the digital asset toward the end of the year. The ratio, which measures how many ounces of
In the midst of a wider market bull run, XRP has performed admirably. Although it experienced a move to the upside later than most of its peers, since December 4, prices have gone up from $0.503 to approximately $2.68 at press time — a 423.80% surge. As it currently stands, XRP has seen returns of 337.18% on
Cryptocurrencies have brought about one of the biggest paradigm shifts in finance in recent memory. While they carry the potential to turn the tide in favor of decentralization and transparency, practical use cases are still in their infancy. On the other hand, digital assets have seen widespread adoption in the form of speculative investments. Once the
The November U.S. elections have undeniably awoken Bitcoin from something of a summertime slumber as the world’s premier cryptocurrency recorded several sequential rallies to new all-time highs (ATH) – first to $99,000, then $104,000, and finally above $107,000. The most recent rally – the one that led to BTC press time price of $107,146 – even countered the ‘Sunday
Bitcoin (BTC), the largest cryptocurrency, hit another massive milestone in its splendid Q4, 2024, rally. Finally, its Energy Value metric hit $100,000. The timeline for this accomplishment was masterfully predicted by Capriole Investments’ Charles Edwards almost five years ago. Bitcoin Energy Value reaches epic milestone Bitcoin Energy Value, a key metric of the BTC Proof-of-Work