Asset management and exchange-traded fund (ETF) issuer VanEck has launched a new institutional product based on layer-1 blockchain Sui (SUI). In a press release, VanEck says it’s expanding its offerings with a new exchange-traded note (ETN) that allows investors to participate in the development of SUI without having to directly hold the token. The new […]
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New rewards could be in the works for Ethena token holders via Wintermute’s governance proposal. Ethena Token Holders Set to Enjoy New Rewards Wintermute has suggested a governance change that would implement a “fee switch”, distributing a percentage of Ethena’s (ENA) earnings directly to holders. This was contained in a recent governance proposal published and […]
A popular crypto strategist is suddenly flipping bullish on an altcoin connected to a viral game on the encrypted messaging platform Telegram. Analyst Ali Martinez tells his 77,300 followers on the social media platform X that Notcoin (NOT) could soar 100% from its current value. “Notcoin is showing a promising risk-to-reward setup. With a falling […]
The post Trader Says Telegram Gaming Token Primed To Rally by Nearly 100%, Updates Outlook on Ethereum and Dogecoin appeared first on The Daily Hodl.
A decentralized social media altcoin is nosediving just days after gaining support from the top US crypto exchange platform. New data reveals that social media token DEGEN went from a weekly high of $0.011 to $0.008 since being adopted by Coinbase on October 15th, a 27% drop. According to DEGEN’s website, the digital asset is […]
The post Decentralized Social Network Token DEGEN Drops 27% in Days Following New Coinbase Listing appeared first on The Daily Hodl.
The crypto market is recovering from this week’s brutal sell-off, and analysts say 3 key metrics suggest an altcoin season could be on the way.
According to crypto traders, many altcoins are currently displaying some “bullish patterns” that, if they play out as expected, could soon see the market enter an “up-only season. "
“Altcoin Season Index has been forming one of the most bullish patterns for 3.5 years,” pseudonymous analyst Moustache declared in an Oct. 11 post on X.
The analyst was referring to an inverse head-and-shoulders (IH&S) chart pattern that had formed on Blockchaincenter’s Altcoin Season Index chart between 2022 and 2024.
UNI defies the marketwide sell-off by posting a 10%+ gain after the launch of Unichain.
UNI, the governance token of the Uniswap decentralized exchange, outperformed the crypto market on Oct. 10, posting a 15% daily gain following the launch of its own layer-2 network, Unichain. The price of UNI is up 25% over the last week and 23% in the past 30 days.
UNI/USD daily chart. Source: TradingView
UNI’s trading volume has increased 418% on the day to $583.2 million. With a market capitalization of $5 billion, UNI has claimed the 20th position on the CoinMarketCap ranking.
Memecoins are up today and have strongly outperformed the entire crypto market over the last month.
The recent recovery in cryptocurrency prices has seen the largest market caps memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF) record double-digit gains over the past month.
First Neiro on Ethereum (NEIRO), a new memecoin deployed on the Ethereum network in late July, rallied the most, gaining over 3,330% over the last 30 days and 63% over the past week. It has added 13% to its value over the last 24 hours. Popcat (POPCAT) followed with a 137% monthly gain, and Mog Coin (MOG) came in third after climbing 102% in the same period.
Performance of top meme tokens by market capitalization. Source: CoinMarketCap
Fantom price defies the crypto market downtrend as traders anticipate a new token launch and mainnet upgrade.
FTM, the native token of the Fantom layer-1 smart contract platform, rose 5% in seven days to $0.6850 on Oct. 2. This is part of a rebound that began on Sept. 6 and has seen the price rise more than 71% over the last 30 days.
According to data from Cointelegraph Markets Pro and TradingView Fantom (FTM) price rose from a low of $0.3574 on Sept. 6, climbing as much as 103% to a four-month high of $0.7642 on Oct. 1.
FTM/USD daily chart. Source: TradingView
An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond?
Ethereum network transaction fees have risen significantly over the last two weeks following a surge in onchain activity, according to Coinbase.
Coinbase’s weekly report, published on Sept. 27, notes that the average Ethereum gas fees between Sept. 16 and Sept. 26 were 498% higher than the monthly average, with the median transaction cost rising from $0.09 at the beginning of the month to $1.69.
Ethereum transaction fees and ETH transfer volumes
Plans to launch a Bitcoin-pegged stablecoin, an upcoming network upgrade and BTC’s recent recovery could be connected to STX’s 30% rally.
STX, the native token of the Bitcoin-focused Stacks layer-2 smart contract platform, is riding on Bitcoin’s recovery, up approximately 30% over the last seven days.
STX/USD daily chart. Source: TradingView
STX (STX) trading volume has doubled over the same period to $148.2 million on Sept. 26, surpassing Bitcoin’s (BTC) 7.5% increase since Sept. 18.
