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The Simon’s Cat price surged 17% in the last 24 hours to trade at $0.00002261 as of 6 p.m. EST on a 5% rise in trading volume to $87 million. Simon’s Cat Price Breaks Above The Bullish Pennant The CAT/USD 1-hour chart shows a shift from a bearish trend within a descending channel to a potential bullish breakout. According to GeckoTerminal data, the price was initially stuck in a downtrend between roughly 0.00002205 and 0.00001900, indicating ongoing downward pressure. However, the price has formed a rounded bottom pattern near the 0.00001910 level, signaling a possible reversal as buyers gain momentum. Currently, the price sits around 0.00002245, having broken out of the bearish channel and moved above the 50 simple moving average (SMA), now positioned at about 0.00002047. CATUSD Analysis Source: Dextools.io The price is now facing a resistance zone between 0.00002250 and 0.00002400, an area that has previously acted as a supply zone. This level is critical fo...

In an important sign for the second-largest cryptocurrency by market cap, the Ethereum research team has reportedly increased by 2,100% in the last five years alone. Indeed, the growth marks a notable circumstance behind the potential of one of the most popular networks in crypto. The growth that ETH has undergone since 2019 has been astounding. It sets the standard for monthly active developers, with more than 2,788 developing for the network full-time as of July 1st, according to data from the Developer Report. That is a fantastic sign for its continued growth prospects for the next several years. Also Read: Ethereum Set to Pass $3,000 in 2024: Here’s When Ethereum Researchers have Skyrocketed Since 2019 Like the overall crypto market, Ethereum struggled in August. The token is down more than 24% in the last 30 days, according to CoinMarketCap. Moreover, its nearly 9% drop in the last week has ETH below the $2,500 mark. Although many are concerned about the present bear market, it is...

Mini-games on the blockchain represent an innovative intersection of gaming and decentralized technology. These small-scale games leverage blockchain’s inherent transparency, security, and decentralization to offer unique gaming experiences. Unlike traditional games, blockchain mini-games often feature play-to-earn mechanics, where players can earn cryptocurrencies or NFTs (non-fungible tokens) as rewards. This introduces a new layer of engagement, as in-game assets can be traded or sold on various marketplaces, providing real-world value to virtual items. Blockchain mini-games are typically lightweight and designed for quick, casual play, making them accessible to a broad audience. They often integrate with larger blockchain ecosystems, enhancing the overall utility of tokens within those networks. Additionally, the use of smart contracts ensures that gameplay is fair and transparent, as rules and outcomes are executed automatically without the need for intermediaries. The rise of blo...

Although the crypto has struggled over the last several months, Ripple is looking to mirror one 2017 pattern that could have XRP targeting a monumental surge to $27. The optimist forecast is rooted in the potential for the token to repeat its most successful price movement. The asset’s past movements have shown that Ripple could be nearing a breakout. Specifically, the token could be ready to breakout of an ongoing consolidation phase. If it does, there is hope from traders that an all-time high mark could very well be in its future. Source: Ripple Also Read: Ripple: Top Analysts Predict XRP Price For End of 2024 XRP Eyeing Unprecedented Price Amid Historical Pattern Few cryptocurrencies had the kind of potential that Ripple had entering 2024. A large part of that was the expected end to its US Securities and Exchange Commission (SEC) lawsuit. That settlement has taken place, but XRP has yet to skyrocket the way many had hoped. Over the last 30 days, the token has fallen more than...

Former US President Donald Trump’s newly-released non-fungible token ( NFT ) collection has seen over 22,000 sales on the Polygon network since its Aug. 27 launch. Trump’s latest collection is titled, “Series 4: The America First Collection.” Since its launch, the collection has seen more than 22,300 sales, according to on-chain data . At the mint price of $99 per NFT, the total sales so far total over $2.17 million. With a total possible supply of 360,000 NFTs, the recent sales only account for around 6% of the new collection.  More Than 1,200 Holders Claim A Piece Of The New NFT Collection Trump’s new NFT collection Features the former US President in various poses and costumes, which is similar to his previous three collections. Should all of the NFTs in this latest collection sell out, the revenue generated from the collection will surpass $35 million. More than 1,200 holders own a piece of the new collection. These new NFTs are, however, not...

Yield Farming & Liquidity Mining: Unlocking Rewards in DeFi! In the rapidly evolving world of decentralized finance (DeFi), yield farming and liquidity mining have emerged as powerful tools for investors seeking to maximize their returns. These mechanisms enable users to earn rewards by providing liquidity to decentralized protocols, effectively turning passive holdings into active income streams. As DeFi continues to gain traction, understanding how yield farming and liquidity mining work is essential for anyone looking to capitalize on the opportunities presented by this innovative financial landscape. Understanding Yield Farming Yield farming, often referred to as “liquidity farming,” involves lending or staking cryptocurrency assets in a DeFi protocol to earn rewards, typically in the form of additional tokens. The concept is straightforward: users provide liquidity to a protocol, and in return, they receive a portion of the fees generated by the platform or new toke...

In a significant update from its bankruptcy proceedings, Celsius Network has repaid approximately $2.53 billion to over 251,000 creditors. This payment, which constitutes around 84% of the total $3 billion owed to more than 375,000 creditors, marks a substantial step forward in the crypto lender’s restructuring process. As reported in a recent court filing, the repayments cover two-thirds of the eligible creditors by number and about 93% by value. Distribution Details The disbursements, which commenced in January 2024, were made in liquid cryptocurrency and cash based on prices as of January 16. However, a notable number of creditors—approximately 121,000—have yet to claim their funds. Around 64,000 creditors are owed less than $100 each, and 41,000 are entitled to between $100 and $1,000. The court filing highlights that many of these smaller creditors might not be motivated to complete the necessary steps to claim their distributions. “The amounts at...

Two closely followed crypto strategists are predicting a rebound for layer-1 protocol Toncoin (TON) after last week’s sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 220,700 followers on the social media platform X that TON could rally more than 23% from its current value. “Bought TON last night in spot, going to hold it and see how it plays out. $5.50 was the entry, going to be patient. I think this mean reverts a bit and these are decent entries from a TA (technical Analysis ) standpoint. Target is around $6.30.” Source: Altcoin Sherpa/X Another pseudonymous analyst, The Crypto Dog, tells his 813,200 followers on the social media platform X that he believes TON could soon abruptly bounce into the $6 range. “TON probably pumps back extremely hard.” Source: Altcoin Sherpa/X The analyst previously expressed bullishness on TON, along with other altcoin projects, including the decentralized finance (DeFi) protocol Aa...

The Toncoin (TON) market is currently experiencing increased chaos. Telegram CEO Pavel Durov was recently arrested at an airport in France. Durov has been accused of 12 crimes, several of which were related to cryptocurrencies. Amidst this, the price of TON dipped by 27% from a high of $6.8 to a low of $5.09. This is a 35% dip from its June high of $8.24. At press time, TON was trading at $5.39, with a 4% drop over the past 24 hours. Also Read: Shiba Inu: SHIB Is Gradually Rising To Claim $0.00006 – Here’s When? Factors Influencing Toncoin’s Price and Future Predictions Source Market Performance and Recent Events The asset also suffered in terms of market cap. TON temporarily fell out of the coveted top 10. However, altcoin climbed back onto the list and currently stands as the 10th largest cryptocurrency with a market value of $13.67 billion. Cardano (ADA) is right behind, valued at $13.2 billion. As a result, TON’s position is in danger. Also Read: BRICS: Russia To Officially Us...

Layer-1 blockchain The Open Network (TON) is issuing a statement in support of Telegram founder Pavel Durov after his recent arrest in France. TON says on the social media platform that its network will continue to run as usual following Durov’s detention over alleged offenses related to the Telegram messaging app. “As a community committed to freedom of speech and decentralization, we stand firmly by Pavel during this challenging time. Pavel has been a dedicated advocate for these values, and we believe his efforts to promote an open and decentralized internet will continue to inspire millions. The TON community remains focused on our mission, and we will continue our work to uphold these principles globally. We encourage everyone to stay calm, united, and to keep building as we navigate this situation together.” According to a report by the BBC, the billionaire was arrested at a French airport after being accused of failing to moderate Telegra...

Crypto legalization in Russia is moving forward. The Russia Central Bank is looking at options for qualified investors. Russia is exploring the use of digital currencies and stablecoins for cross-border payments. This could change its financial sector. Also Read: Toncoin Sept’ Analysis : Will Durov Drama Push TON Down To New Lows? Russia’s Central Bank Embraces Crypto Legalization for Qualified Investors Exploring Cross-Border Payments The Bank of Russia is considering legalizing cryptocurrencies for some investors. Alexey Guznov, the Bank of Russia’s state secretary and deputy governor, said: “There is currently a discussion about allowing a limited group of particularly qualified investors to trade digital currencies, enabling them to buy and sell such assets. However, this is a topic for the next stage. In the meantime, all potential risks need to be thoroughly analyzed.” This approach shows the ongoing challenges with regulations. Russia’s Central Bank ...

BRICS member China is taking full advantage of the US sanctions on Russia by pushing the Chinese yuan for trade settlements. The US Treasury Secretary Janet Yellen openly admitted that the sanctions are only helping local currencies and hurting the dollar. She revealed that it was the sanctions that led the BRICS alliance to consider de-dollarization and use local currencies for cross-border transactions. Also Read: BRICS: Russia Plans To Link the Chinese Yuan For New Stablecoin China is already successful in its quest, as the Chinese yuan has outperformed the US dollar as the most traded currency in Russia. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The Xi Jinping administration left no stone unturned in convincing Russia to accept the Chinese yuan for all trade payments. The majority of developing countries are now paying the Chinese yuan and Russian ruble for transactions with the country. Also Read: BRICS: New Gold-Backed Cu...

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