Author: cointechies

Popcat, a Solana meme coin that has surged over 4,400% in 2024, is losing market share as its token crashes. The price of Popcat (POPCAT) has fallen over 62% from its high this year, increasing its market cap to $762 million. After being overtaken by Pudgy Penguins, Dogwifhat, Fartcoin and ai16z, it has grown from the second largest Solana meme coin to the sixth largest. Popcat price has crashed as smart money investors continued to sell their holdings. According to Nansen, the number of smart money investors holding the token has dropped from over 70 to 30. The tokens held…

An anonymous crypto whale that participated in Ethereum’s initial coin offering (ICO) has emerged from a decade of calm to transfer some of its ETH holdings. Popular smart money on-chain platform Lookonchain reported developments on X today. Transaction details Lookonchain said the Ethereum ICO participant made its first transaction today after 9.4 years of inactivity. In the most recent transaction, the whale moved 0.01 ETH to an unknown address, “0x296…Ee557,” at 4:40 a.m. (UTC) today. With ETH currently trading at $3,394 per coin, this transaction is worth $33.94 at press time. This is the wallet’s first transaction since it first…

NFT project Pudgy Penguins launched its token PENGU on December 17, 2024. On this day, the token reached its maximum price, reaching a high of $0.05738. However, after the launch, the price of Pudgy Penguins (PENGU) began to decline rapidly, reaching a low of $0.02302 on December 20th. On December 26th, PENGU coin experienced a slight recovery, rising almost 35% over the week and is currently trading at $0.03865. Given these fluctuations, what is the Pudgy Penguins price forecast for 2025 and beyond? How high can PENGU rise? What is PENGU? PENGU is the fun and quirky cryptocurrency token associated…

The crypto market is closing out the year with significant Bitcoin and Ethereum options expiring and an optimistic outlook for 2025. Today, a record $18 billion in options expired, marking the last major expiration of the year, with Bitcoin (BTC) and Ethereum (ETH) seeing large amounts of contracts complete. Bitcoin and Ethereum options data highlights Specifically, a total of 150,000 Bitcoin options expired with a staggering notional value of $14.17 billion. Notably, these contracts expired with a put-call ratio of 0.69. This number suggests that more call options were traded compared to put options, indicating that investors are leaning towards…

Justice Minister Bojan Božović approved the extradition of Terraform Labs founder Do Kwon to the United States. According to local media Vijesti, the Montenegrin justice minister signed an order handing Do Kwon over to US authorities rather than his home country of South Korea. Both governments have investigated Kwon and fought for his extradition in connection with the $60 billion Terra-Luna fiasco. In 2022, Kwon’s Terra blockchain imploded, wiping out a flood of over-leveraged crypto companies. The avalanche of bankruptcies hit companies like Three Arrows Capital, BlockFi and even FTX. Kwon fled as the crypto market depression deepened and Interpol…

A recent campaign of large stablecoin deposits by whales raises hopes of a recovery for Bitcoin and the broader market after the recent decline. Crypto markets have shown signs of uncertainty in recent weeks the hawkish stance of the Federal Reserve heading into 2025. While the market held out hope for a recovery a rally on Christmas Daya subsequent sharp correction on Boxing Day raised further doubts. Amid uncertainty, leading crypto analytics platform Santiment feed has argued that hope lies in the activity of a closely watched class of crypto investors. Are whales preparing for a gathering? On Christmas Day,…

Analysts warn that the next Bitcoin bull market could face headwinds from advances in quantum computing and changing inflation dynamics. Singapore-based Web3 company Matrixport says there are still many risks that could disrupt Bitcoin’s (BTC) bull run in 2025. In a Dec. 27 research note, the company noted that Google’s 105-qubit quantum chip “Willow” would reignite discussions about potential threats to Bitcoin’s security. While the technology is still in its infancy, Matrixport noted that “the theoretical risks require attention.” Inflation expectations are also rising, partly due to possible tariffs under Trump’s presidency. The report says these tariffs had “minimal impact”…

Mystiko Network, a Web3-based zero-knowledge (ZK) layer, has announced a strategic partnership with 4EVERLAND aimed at advancing Web3 development through seamless integration and cutting-edge solutions. The focus of the collaboration is to provide developers with access to advanced tools via Mystiko’s ZK Software Development Kit (SDK) and 4EVERLAND’s decentralized cloud computing infrastructure. This partnership was introduced to the broader crypto community via Mystiko’s official social media platforms and marks a significant milestone in promoting developer-friendly ecosystems. Improving developer tools and features 4EVERLAND, a key player in decentralized cloud computing, brings its robust service portfolio to this collaboration. Mystiko Network emphasized…

BGB, Bitget’s native utility token, continues its upward trend today after the team released an updated white paper on the asset’s burning mechanism. For comparison, Bitget Token (BGB) is up over 20% today to hit a new all-time high of $8,500. The bullish bounce resulted in weekly and monthly gains of 102% and 421%, respectively, bucking the overall trend in the broader market. Notably, today’s surge followed Bitget’s announcement that the company had updated its white paper specifically on the topic of asset burning. The Bitget team has introduced a mechanism that allows for an incessant, large-scale burn of the…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. LTC and XRP are showing strong bullish momentum, while Lunex Network is attracting attention with smart DeFi features and a promising presale. LTC and XRP are aiming to establish themselves as two of the most promising bullish crypto tokens on the market and are attracting attention with impressive gains. Meanwhile, the new Lunex network is poised for exponential growth, attracting investors with its innovative DeFi features and ambitious public presale, aiming for a significant increase in 2025. Lunex Network’s…