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XRP open interest surged on Monday, October 13, as the crypto rebounded nearly 8% over the previous 24 hours and regained roughly $32 billion in market cap lost during last Friday’s market collapse. The daily trading volume also rose 40%, to $10.7 billion, suggesting renewed buying sentiment following a wipeout sparked by President Donald Trump’s declaration of a 100% tariff on Chinese imports, which triggered $19 billion in crypto liquidations within minutes.  As of the time of writing, daily XRP open interest, the total value of outstanding futures and options contracts that have not been settled, is up 2.38%, sitting at approximately $1.36 billion, according to data Finbold retrieved from CryptoQuant . XRP 24-hour open interest. Source: CryptoQuant This spike indicates a sharp and quick uptick in leveraged positioning, as traders re-enter the market to capitalize on the increased volatility. More precisely, increasing percentages following a sudden price reb...

The non-fungible token market has experienced positive growth this past week and is projected to continue expanding in the coming weeks. In the past seven days, the non-fungible token market has raised a trading sales volume of $110 million, up +10% from the past week. The NFT market is up due to renewed investor interest and the emergence of new use cases beyond digital art, such as real-world asset tokenization. NFT Sales Rise +10% This Week Data fetched by cryptoslam, an on-chain crypto market data aggregator and multi-chain non-fungible token collection explorer that tracks non-fungible token collections from over 20 chains, shows that the global NFT market has recorded positive gains this week. In the past seven days, the NFT market has attracted a trading sales volume of $110 million, up 10.36% from the past week. The global NFT market recorded $102 million last week. Ethereum, the blockchain network renowned in the NFT market for powering most of the blue-chip NFTs, was ...

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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...

CryptoQuant, a leading blockchain analytics firm, recently reported a significant movement of over 28,000 BTC into accumulation addresses. These wallets, typically linked to institutional investors, OTC trading desks, and long-term holders (whales), indicate a strategic shift in Bitcoin ownership. Unlike exchange-linked wallets, accumulation addresses suggest that these BTC are being taken off the market rather than prepared for selling. This trend signals growing confidence among large investors, potentially setting the stage for a bullish market. With Bitcoin gaining traction among institutional players, monitoring other trending coins on GeckoTerminal is essential to stay ahead of market movements.  Trending Coins on GeckoTerminal The meme token $WEPE is currently valued at $0.0001359, with a 24-hour trading volume of $6.38 million and a market cap of $27.16 million. Meanwhile, $SKI is trading at $0.06482, experiencing a 26.18% decline in the past day. Pi Network AI ($PiAI) ...

The Pippin price skyrocketed 182% in the last 24 hours to trade at $0.2236 as of 2.20 a.m. EST on trading volume that soared 170% to $105.46 million. Pippin is an autonomous AI agent on X that took the form of an SVG unicorn drawn using the latest LLM benchmarks on ChatGPT 4o. The project’s price started growing on January 8, and the growth continued ever since. Initially, the price reached a resistance at $0.10, which held it from progressing until yesterday evening. However, as the buying pressure increased, the price surged, first to $0.15, then to $0.20, and eventually to $0.2392, which is the project’s current ATH, achieved only an hour ago. Since then, the price has seen a small 4% price correction, but it has seen plenty of similar minor ups and downs in the last 24 hours. It is also worth noting that Bitcoin’s price has started a recovery after a recent drop to $92k, currently at $94.6k, which could encourage further growth in altcoins such as Pippin. Pippi...

The Dogecoin (DOGE) market has been on a downtrend for a while now. Despite surging by over 300% throughout 2024, the OG meme coin struggled to keep up this year. The asset started 2024 on a rather challenging note as it dipped by nearly 5% since the beginning of January. Along with its price DOGE’s social activity also plummeted. The chatter around the meme coin seems to be depleting but analysts reveal that this might be bullish. Also Read: Trump’s NFTs Make History: First-Ever Launch on Bitcoin Network! Dogecoin Endures Massive Dip Source: Watcher Guru During the time of writing, Dogecoin was trading at $0.3344. This comes after a staggering 5% dip over the past 24 hours. The latest drop pushed DOGE further away from its all-time high of $0.7376. The meme coin is currently 54% below this peak. Source: CoinMarketCap The trading volume of the asset also recorded a drop. Dogecoin’s 24-hour volume was at $3.72 billion after witnessing a 36% plunge. According to prominent firm...

Algorand (ALGO) has captured the spotlight in the cryptocurrency market, trading at $0.44 after a dramatic one-day gain of 17% and an impressive 47% rise over the past week. The token has surged above its yearly high of $0.32, established in March, reaching levels unseen since November 2022. With on-chain metrics signaling bullish momentum, ALGO has captured the attention of traders and investors who are speculating on its year-end price trajectory. ALGO seven-day price chart. Source: Finbold ALGO breaks key resistance levels  ALGO’s current rally has propelled it beyond a long-term horizontal resistance area, cementing a new yearly high. This bullish move aligns with a broader market recovery and has been fueled by strong fundamentals within the Algorand ecosystem. Picks for you Here’s why the space race will create more billi...

It looks like DOGE has just surpassed XRP in market cap, marking a pretty significant shift in cryptocurrency trends that are reshaping blockchain technology dynamics right now. As of November 10, 2024, Dogecoin sits at around $0.188, grabbing the sixth spot, while XRP seems to be testing some key resistance levels amid evolving blockchain technology patterns. Also Read: Tim Cook’s Crypto Portfolio: Apple CEO’s Bitcoin Holdings Exposed Crypto Market Trends: DOGE Surpasses XRP Amid Market Cap Shift Source: Watcher Guru DOGE’s Historic Breakthrough DOGE broke through what traders call the 50% Fibonacci level on November 9th, 2024. This move was pretty huge – pushed its market value right past several major coins. It’s now sitting at number six, just behind the big players like Bitcoin, Ethereum, Tether, Solana, and BNB. XRP’s dropped to eighth behind USDC, showing just how serious this market cap shift really is. CoinCodex‘s experts had this to say: ”Ac...