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Showing posts with the label liquidity

XRP open interest nears 1-year low

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XRP open interest is close to a 1-year low as of April 14, with the sum of open positions declining to 1.18 billion, down from a high of 3.67 billion in mid-January, according to the latest data retrieved by Finbold from market intelligence platform CryptoQuant . XRP open interest year-to-date (YTD) chart. Source: CryptoQuant What does this mean for crypto traders? In essence, derivatives trading volume has dried up. This is a clear signal of reduced speculative interest — but more importantly, it’s a strong sign that no clear trend, bullish or bearish, is present. This is supported by yet another simple metric — trading volume. The reduction in XRP open interest is accompanied by sluggish volume — which has reduced by 22.49% over the past 24 hours according to data from CoinMarketCap , and has been on a steady decline since Wednesday, April 9. XRP 24-hour trading volume change. Source: CoinMarketCap Yet this reduction in speculative trading will impact the tok...

Top Meme Coins to Watch Now, February 21 – Unicorn Fart Dust, Nutcoin, Mog Coin

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Meme coins continue to capture market attention, with select tokens posting exponential gains despite high volatility. Leading the charge today are Unicorn Fart Dust, Nutcoin, and Mog Coin. UFD surged 22.81% in 24 hours and 44.9% in a week, boasting strong liquidity with a 0.1651 volume-to-market-cap ratio. Nutcoin, a fully decentralized, tax-free token, has climbed 17.8% in two weeks, outperforming 87% of the top 100 cryptos over the past year. Meanwhile, Mog Coin, despite a 54.7% dip in 30 days, has a $14.99M daily trading volume and is listed on 28 major exchanges. Top Meme Coins to Watch Today The volatile nature of meme coins necessitates precise market timing, as price swings can be both lucrative and unforgiving. UFD’s 74% monthly volatility highlights its speculative appeal, while Nutcoin’s steadier 19% volatility makes it a relatively stable meme asset. Mog Coin’s impressive 212% yearly growth showcases its long-term potential, with an RSI of 60.94 suggesti...

Top Crypto Gainers Today Dec 05 – Turbo, Bitcoin Gold, Telcoin, Ethereum Classic

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For every day that dawns in the crypto space, whether in a bull or bear market, there are sure to be both gainers and losers. Today is no different. As of now, 47% of cryptocurrencies have gained value in the past 24 hours, while 53% have experienced losses. However, for investors, what truly matters isn’t just that a coin is gaining—it’s the potential for sustained growth and the unique Features driving that performance. Today, we focus on four unique top crypto gainers showing impressive momentum and attracting attention for their innovation, strong liquidity, and market appeal.   Biggest Crypto Gainers Today – Top List In this article, several factors will be used to analyze each of these tokens to determine their profit potential. We’ll examine key metrics such as liquidity, trading volume, and the volume-to-market-cap ratio, which indicate a token’s market activity and ability to handle significant trades. We’ll also look at the 14-...

Crypto expert names two new Bitcoin catalysts as ‘Uptober’ disappoints

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As October nears a close, one reality for crypto enthusiasts is that the anticipated ‘Uptober’ rally might not materialize in 2024. With Bitcoin’s (BTC) performance falling short of expectations, questions are emerging about whether there’s a shift in traditional price rally catalysts—a factor that a crypto expert has weighed in on. In this context, while acknowledging the possibility of a failed ‘Uptober’ rally, Michaël van de Poppe pointed to emerging catalysts that could fuel a stronger bull run than seen in previous cycles, as noted in an X post on October 27. Picks for you Gold rush: Central banks' gold reserves doubled over a decade to record highs 2 hours ago Crypto trader turns $1,700 into $8...

Solana-based ecosystem Aurory loses 80% of pool’s liquidity

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Fraudsters managed to break through the security system of the gaming ecosystem based on Solana-Aurory. As a result of the exploit, the platform lost 80% of the liquidity of the AURY-USDC pool of the decentralized crypto exchange Carmelot. The exploit targeted the SyncSpace Aurory bridge on Camelot’s native DEX Arbitrum, reducing the liquidity pool from approximately $1.5 million to $312,000. The project team confirmed a breach of security system s. According to Aurory, scammers gained access to assets worth $600,000. The developers claim that user assets are safe. While the incident is being investigated, deposits and withdrawals have stopped. Just a few hours ago, our team detected unusual activity on our marketplace. After quickly investigating, we discovered that a bad actor was able to exploit our marketplace’s buy endpoint, allowing them to increase their $AURY balance in SyncSpace. This allowed them to withdraw… — Aurory (Play Now) (@AuroryProject) December 17...