Here’s how traders were alerted to RUNE’s, FUN’s, WAVES’ and KNC’s big rallie...
Trading volume pumps can act as early signs of dramatic price action, and there are ways to spot them early. A digital asset’s price rally rarely comes out of the blue. Before the token’s market value explodes, some collateral forces come into motion. The asset can suddenly attract abnormally high online attention, its trading volume can go up dramatically, or some market-moving information can go public that triggers the first two examples. Mastering the art of crypto trading means learning to see those subtle cues early on.Spiking trading volume is one of the signs that something....
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THORChain (RUNE) has seen an important rally in the past month. The native token of this decentralized cross-chain bridge rose from its 2022 low at around $3 with 30% intra-day rallies to its current levels. Related Reading | THORChain Activates Feature, 30% Spike Follows, Can Bulls Sustain It? At the time of writing, RUNE’s price trades at $9 with an 11% profit in the past 24-hours and a 17% profit in the past week. According to analyst Alerzio from research firm Santiment, RUNE’s current rally has traders wondering if the token will be able to sustain its gains. The cryptocurrency....
The ongoing LIBRA token scandal has taken the crypto industry by storm, sparking several debates regarding user protection, the market’s state, and bad actors taking advantage of the cycle’s memecoin frenzy. Pump.fun’s founder joined the discussion and urged token launchpads to work on practices to improve the space. Related Reading: Federal Reserve Chair Backs Bitcoin […]
The second-largest German exchange Tradegate has implemented KNC’s XBT Provider ETN, the first regulated Bitcoin exchange-traded note. The move sees Germany overtake the pioneering Swedish market to become the largest worldwide, where both small- and large-scale investors can bet on the Bitcoin price via an ETN. BitcoinCommodities CEO Dennis Daiber told local news resource Bitcoinblog.de: Demand for ETN from the Swedish Nasdaq has been brisk since its introduction on May 18, with activity on some days topping 2000 BTC. Enough, Bitcoinblog.de supposes, for Tradegate to consider its....
Pump.fun, one of the popular launchpads on Solana, has been making headlines with its $PUMP token surging 77% over the past week. In July, the project initiated a buyback program and put its profits back into $PUMP, rewarding diamond hands with a price increase in the process. Despite $PUMP dipping since its $0.012 ATH in early July, Pump.fun’s recent marketing efforts and creator rewards have helped push the token to a $0.0087 peak, sparking talks of a full recovery and a potential rally. This uptick reflects strong community support and highlights just how popular Pump.fun’s creator....
Are ‘tech’ altcoins like Cardano and Polkadot really so much holier than meme coins? Pump.fun’s co-founder Alon Cohen doesn’t think so. At least not to average traders, who don’t care much about the utility or tech behind a crypto project. Instead, making a profit while having fun seems to take the crown as priority number […]