Author: Monicah W

Will XRP ETF Spark A Price Surge? Here’s What to Watch If SEC Says Yes

Monicah W

Will XRP ETF Spark A Price Surge? Here’s What to Watch If SEC Says Yes

The discussions on a potential XRP ETF approval by the US SEC are mounting among the market participants which could drive the crypto price higher. Besides, with the recent leadership change in the US SEC and the pro-crypto sentiment hovering, the discussions have further peaked recently. Amid this, experts have cited the approval as a potential catalyst to drive the XRP price to a new high in the coming days.

XRP ETF Approval: Will It Spark A Price Rally?

The XRP ETF approval discussions are now the talk of the town with the pro-crypto regulatory shift in the US. Besides, experts have said that Ripple’s coin and Solana are now leading the altcoin ETF race, citing key reasons.

Notably, nine firms have already submitted ETF applications for Ripple’s native asset with the US SEC. Though still under review, rumors hint that BlackRock may join the race, a move that could dramatically accelerate momentum.

Meanwhile, the asset management giant controls over $11 trillion in AUM, and its entry could send a strong signal to the market. However, an XRP enthusiast has recently shared why BlackRock has still not moved ahead with such a plan.

Expert Predicts Robust Surge

In a recent podcast, crypto analyst “Good Morning Crypto” said that an XRP ETF could act like a “giant vacuum,” pulling the coin out of circulation. Every ETF investment would move Ripple’s native asset into custodial holdings, tightening supply and sparking demand pressure.

Besides, the analyst highlighted that once these ETFs go live, they could lead to scarcity-driven price growth. With fewer coins circulating and more investors locking in their tokens, the market could experience a classic demand shock.

XRP ETF To Trigger ‘A Perfect Storm’?

Meanwhile, in a bullish scenario, regulatory clarity might arrive by August. If US lawmakers pass new legislation on crypto tax, infrastructure, and stablecoins, it would likely clear the path for businesses to use XRP in daily operations. Once that happens, the analyst suggested, institutional adoption would take off.

Besides, the discussions have further soared with pro-crypto Paul Atkins’ entry as the new US SEC chair. Furthermore, if ETFs start hoarding XRP and companies expect prices to rise, they might start stockpiling tokens early. This kind of behavior mirrors a “front-loading effect” in commodity markets, where future price gains trigger large-scale early buying.

Considering that, the experts have deemed the potential XRP ETF launch as the “perfect storm” for Ripple’s native asset.

What’s Next For XRP Price?

XRP price has recorded strong gains of over 9% today, soaring to the $2.28 mark, with its one-day volume rocketing 131% to $5.56 billion. Notably, this surge also comes amid a broader crypto market recovery, with BTC price soaring past the $93K mark.

Amid this, Sistine Research said that Ripple’s coin is poised to hit between $33 and $50 in the coming days. However, the analyst has cited his target as “conservative” and said that it is based on the historical pattern from 2017.

XRP price chart
Source: Sistine Research, X

However, the analyst also noted that a “cup and handle” analysis points towards a massive breakout ahead. According to him, this analysis indicates that XRP price is poised to hit between $77 and $100 in the coming days. Having said that, if XRP ETF gets the green light from the US SEC, the future of the asset’s price might hit new heights.

The post Will XRP ETF Spark A Price Surge? Here’s What to Watch If SEC Says Yes appeared first on CoinGape.

Solana Price Analysis: SOL Meme Coins Explode Amid Meteora DEX Lawsuit

Monicah W

Solana Price Analysis: SOL Meme Coins Explode Amid Meteora DEX Lawsuit

Solana price has been one of the top performers this week after bouncing from $134 to trade at $151 at press time. This rally has coincided with a surge in SOL meme coin prices, as their market cap surged by 23% in the last 24 hours to $8.7 billion. These meme coins are gaining after several investors filed a class-action lawsuit against Solana-based DEX Meteora for allegedly orchestrating a $69M pump and dump scheme.

Solana Price in Focus as Meteora DEX Lawsuit Fuels SOL Meme Coins Rally

Solana price tends to rally whenever meme coins created on the blockchain are recording gains, and this is currently the case. At press time, most of the top meme coins on Solana had registered double-digit gains, with popular ones such as BONK and dogwifhat (WIF) surging by more than 20%.

Solana Price Analysis: SOL Meme Coins Explode Amid Meteora DEX Lawsuit
Top 10 Solana Meme Coins

These gains come amid a lawsuit filed on April 21 that accuses Meteora DEX of giving misleading information about a SOL-based meme token known as M3M3, which launched in 2024. Data from CoinGecko shows that the M3M3 meme coin is trading at 98% below its December all-time high.

The plaintiffs claim to have lost more than $69 million within three months of investing in this token. They also accuse the developers of insider trading, fraud, and violating the US securities laws.

This development is fuelling interest in Solana meme coins, which are leading the ongoing price recovery across the crypto market. The rising demand for these meme coins is also driving gains for the SOL value today and causing a spike in blockchain activity.

Meme Coin Frenzy Boosts SOL Network Activity

The meme coin frenzy on Solana has not only caused a spike in price but also network activity. Data from DeFiLlama shows that SOL’s TVL has increased by more than $500M in the last two days alone, and it is approaching a two-month high. Meanwhile, DeX volumes have soared to $2.94 billion, which is the highest since early March.

Solana Price Analysis: SOL Meme Coins Explode Amid Meteora DEX Lawsuit
DeFiLlama

The spike in meme coin trading activity is likely behind these rising volumes, suggesting that as long as SOL-based meme coins record an uptick in demand, the Solana price is poised to continue with its upward trajectory.

Solana Price Analysis Amid Bullish Pattern Formation

Solana price has confirmed a double bottom pattern on its daily price chart and broken past resistance at the neckline, hinting towards a continuation of the current uptrend. SOL confirmed this pattern when it moved above the resistance level of $147. If it can flip this resistance level into support, it will confirm this bullish thesis.

The first target price in this double-bottom pattern is $180, which SOL will attain if it rallies by 20% from its current price. Once it flips the $180 resistance, it will kickstart a strong uptrend towards record highs. The MACD line has crossed above the zero line, confirming the bullish Solana price forecast.

Solana Price Analysis: SOL Meme Coins Explode Amid Meteora DEX Lawsuit
SOL/USDT: 1-day Chart

To sum up, Solana price is surrounded by a myriad of bullish catalysts, including surging meme coin activity, network growth, and a strong technical outlook. As long as these catalysts are present, SOL can hit resistance at $180 before continuing with its rally.

The post Solana Price Analysis: SOL Meme Coins Explode Amid Meteora DEX Lawsuit appeared first on CoinGape.

Analyst Explains Perfect Storm For Altcoins to Explode as Bitcoin Nears $95K: Alt Season Soon

Monicah W

Analyst Explains Perfect Storm For Altcoins to Explode as Bitcoin Nears $95K: Alt Season Soon

With Bitcoin (BTC) approaching $95K after a 10% rally in two days, hopes of a sustained uptrend have caused investors to speculate on an alt season for the crypto market. If true, as one analyst explains, this could result in a perfect storm that propels altcoins higher.

Pundit Explains When Altcoin Will Explode as Bitcoin Approaches $95K

One analyst, Dom’s Market Flow, noted what needs to happen for cryptocurrencies to explode. Bitcoin’s ascent from low-$80K to $95K in just two days has caused investors to speculate decoupling from the US stock market amid Trump’s tariff tensions. With the crypto market showing signs of optimism, the next logical step is for altcoins to explode. But will this outcome occur?

Analyst Explains Perfect Storm For Altcoins to Explode as Bitcoin Nears $95K: Alt Season Soon
Bitcoin Needs to Cool for Altcoins to Explode

Dom’s Market Flow added that for altcoins to go higher, Bitcoin needs to slip into a rangebound or retrace slowly. This move will allow capital and profits to flow into other cryptocurrencies, kickstarting a bull run.

“As for alts, we need to see a cool off on $BTC dominance. As we speak, it is trying to break the local uptrend since April. This would allow alts to catch up.”

According to analyst a coll-off on Bitcoin dominance will triggers this alt season.

When Will Altseason Begin?

Based on the altcoin market, the recent crash in Bitcoin below $80K caused a death cross between the 50-day and 200-day Simple Moving Averages. While a golden cross hasn’t been spotted yet, the altcoin market cap has recovered above the 50-day SMA, suggesting the start of an uptrend.

Analyst Explains Perfect Storm For Altcoins to Explode as Bitcoin Nears $95K: Alt Season Soon
Altcoin Market Capitalization

CoinGlass’ alt season index hovers around 18, which shows that Bitcoin dominance is too high. This takes us back to the analyst’s quote about how BTC rally needs to cool off and so does BTC dominance for altcoins to start rallying.

Altseason Index

To conclude, investors must note that there is still time for altcoins to rally. The recent uptick is just the start of the uptrend due Bitcoin’s front-running. Hence, patient investors who accumulated or accumulate now could stand to gain a lot if patient.

The post Analyst Explains Perfect Storm For Altcoins to Explode as Bitcoin Nears $95K: Alt Season Soon appeared first on CoinGape.

Binance Tightens Rules for South African Users Starting April 30

Monicah W

The post Binance Tightens Rules for South African Users Starting April 30 appeared first on Coinpedia Fintech News

Binance has announced new compliance rules for its South African users, set to begin on April 30. As part of the changes, all crypto deposits and withdrawals will now require both sender and receiver information. This move is aimed at aligning with local regulatory demands. The update is part of Binance’s ongoing efforts to strengthen transparency and meet government guidelines.

The post Binance Tightens Rules for South African Users Starting April 30 appeared first on Coinpedia Fintech News
Binance has announced new compliance rules for its South African users, set to begin on April 30. As part of the changes, all crypto deposits and withdrawals will now require both sender and receiver information. This move is aimed at aligning with local regulatory demands. The update is part of Binance’s ongoing efforts to strengthen …

SUI Enters a Pivotal Range-A 25% Upswing seems to be Imminent Before the End of the Month

Monicah W

The post SUI Enters a Pivotal Range-A 25% Upswing seems to be Imminent Before the End of the Month appeared first on Coinpedia Fintech News

The SUI price has risen above the bearish trend that it held since the start of the year, when it marked a new ATH above $5.3. With this breakout, the token has triggered a fresh upswing, which is believed to secure an important resistance level. While the possibility of a continued upswing remains higher, the question remains whether the SUI price will mark a new ATH in Q2 2025.

The SUI ecosystem has been swelling and has emerged as the top-performing one. Besides, the DEX volume over the platform has surpassed $80 billion, while the best-performing tokens in the top 100 are from the SUI ecosystem. On the other hand, more than $12 million in shorts have been liquidated in the last 24 hours. This suggests the market participants have become hopeful of the next price action, and hence, the rise in optimism may lead the rally towards a new ATH. 

The daily chart of SUI suggests the token has risen above the bearish influence after triggering a breakout from the edge of the consolidation. The price has broken above the falling wedge, indicating a rise in bullish activity. Besides, the supertrend has turned bullish and hence a rise above the resistance zone between $2.8 and $2.85 could validate a rise above $3 in a short while from now. However, the SUI price is expected to trigger a fine bull run once it secures the 200-day MA at $3.17. 

The technicals have also jumped in favor of the bulls, as the MACD is about to enter the positive range while the RSI is about to rise above the upper threshold. On the other hand, the ADX is preparing for a bullish divergence, hinting towards a potential rise in the rally’s strength. The Chaikin Money Flow (CMF) has just surged above 0, hinting towards a rise in the money flow into the token. 

Therefore, the SUI price is expected to maintain a consolidated upswing and reach $3.3 by the end of the month and later head towards a new ATH. 

The post SUI Enters a Pivotal Range-A 25% Upswing seems to be Imminent Before the End of the Month appeared first on Coinpedia Fintech News
The SUI price has risen above the bearish trend that it held since the start of the year, when it marked a new ATH above $5.3. With this breakout, the token has triggered a fresh upswing, which is believed to secure an important resistance level. While the possibility of a continued upswing remains higher, the …

Cardano Price Eyes $5 After 17% Surge

Monicah W

The post Cardano Price Eyes $5 After 17% Surge appeared first on Coinpedia Fintech News

Cardano has drifted in the green zone as it trades at $0.7093, up 11% in the past day and over 17% in the past week. The trading volume is also up over 65%, which shows growing investor interest. 

Whale Accumulations On the Rise

Onchain data from Santiment also showed whale accumulations. Whales holding between 100,000 to 100 million ADA have increased their holdings since April 14, further adding to the bullish sentiment.

Expert Dan Gambardello thinks that Cardano will face strong resistance around $3, where many investors regret not selling before. He expects some price volatility in that area, before it eventually rises to $5, like a quick stop before the next big jump.

Analysts Predict ADA Surge Up to 1000%

Cardano held strong at the $0.50 support level on April 7 and has since rallied 21% in two weeks. If Cardano keeps rising and breaks above the 200-day EMA (Exponential Moving Average) at $0.71, the next resistance could be at $0.74, possibly reaching $0.80. This could be a major psychological level for traders. The RSI (Relative Strength Index) is also currently at 57 and trending upwards. 

Analyst Javon Marks foresees a 354% surge for Cardano to as high as $2.91. His outlook is based on ADA’s current chart pattern. ADA may follow Bitcoin’s lead in a broader market rally through April.Additionally,  Martinez shared that Cardano is breaking out and predicts the next target could be $0.77.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

The post Cardano Price Eyes $5 After 17% Surge appeared first on Coinpedia Fintech News
Cardano has drifted in the green zone as it trades at $0.7093, up 11% in the past day and over 17% in the past week. The trading volume is also up over 65%, which shows growing investor interest.  Whale Accumulations On the Rise Onchain data from Santiment also showed whale accumulations. Whales holding between 100,000 …

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Binance Tightens South African Compliance—Is Kenya Next?

Monicah W

Binance, the largest crypto exchange by trading volume metrics, has strengthened its compliance regulations for users in South Africa, aligning with the country’s regulatory demands.

The development comes four years after the exchange’s legal engagements with South African regulators, culminating in Binance amending its offerings.

Binance Tightens Compliance for South African Users

Binance announced stricter regulations for its users in South Africa. Effective April 30, users must provide detailed information on both the sender and receiver of any crypto transactions on the exchange.

“In adherence to local regulatory requirements, Binance will gradually introduce changes to crypto withdrawal and deposit procedures for South African users to make sure we continue operating in full compliance to the local requirements,” Binance announced.  

Specifically, for deposits, users in South Africa will have to provide the sender’s information when receiving any amount of crypto on their Binance exchange accounts. Regarding crypto withdrawals, users must provide the beneficiary’s information when sending any crypto out of their Binance accounts.

Details could comprise the full name, country of residence, and details regarding the originating exchange.

“This update only affects crypto deposits and withdrawals,” Binance articulated.

The exchange will demand these requirements through a pop-up message when performing the affected transactions.

Further, failure to provide these details could result in delayed transactions or failure to execute entirely. This means crypto assets are returned to the originator.

The upending of these requirements follows growing regulatory pressure from South African regulators, who pursue stronger oversight in the sector.  

Meanwhile, this is not the first time Binance has complied with South African regulations. Four years ago, the leading exchange discontinued multiple service offerings in the country, including futures, options, margin trading, and leveraged tokens.

Beyond that, South Africa’s FSCA (Financial Sector Conduct Authority) welcomed Binance’s action to restrict South Africans from opening new accounts to trade derivatives.

This decision was part of the regulator’s push for its citizenry to stick with derivative market transactions with a FAIS Act-compliant Registered Financial Services Provider. FAIS stands for Financial Advisory and Intermediary Services.

Meanwhile, as South Africans brace for new regulations regarding the Binance exchange after April 30, the question arises: Is Kenya next?

Kenya To Start Taxing Crypto Exchanges

Recently, reports indicated that Kenya could begin taxing crypto exchanges for commissions they receive from the country’s over four million digital currency users. However, this move is contingent on the adoption of fresh regulations.

Under the proposed new regulations, which guide the payment of the digital service tax, crypto exchanges operating in Kenya will be required to pay a 1.5% duty.

“For the purposes of these Regulations, a taxable electronic, Internet or digital marketplace supply include… facilitation of online payment for, exchange or transfer of digital assets excluding services exempted under the Act,” the Business Daily reported, citing former Treasury Cabinet Secretary Njuguna Ndung’u.

These comments followed the National Treasury unveiling a Draft National Policy on Virtual Assets and Virtual Asset Service Providers and the Virtual Asset Service Providers Bill, 2024, which aimed to bring clarity and oversight to the digital asset ecosystem.

Such legislation could warrant crypto exchanges operating in Kenya adopting similar requirements as Binance in South Africa.

The post Binance Tightens South African Compliance—Is Kenya Next? appeared first on BeInCrypto.

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Cardano to Witness the Shortest Death Cross in History as Price Crosses $0.70

Monicah W

Cardano (ADA) has recently shown a modest recovery, riding the wave of broader market bullishness, which has brought its price back above $0.70. 

This uptick has sparked renewed optimism among investors, and if the bullish momentum continues, Cardano could see a breakout above $0.80, potentially marking a significant shift in its price trajectory.

Cardano Could End Its Bearishness

Cardano’s technical indicators have recently shown signs of a potential turnaround, especially after a Death Cross formation. Sixteen days ago, the 200-day Exponential Moving Average (EMA) crossed below the 50-day EMA, signaling a bearish trend. This is known as a Death Cross, often seen as a negative signal in technical analysis. 

However, the recent recovery above $0.70 and sustained bullish momentum could see ADA rise above $0.80. Should this reversal happen before April begins, it would mark the shortest Death Cross in Cardano’s history. It would be a sharp contrast to the previous 56-day span from March to May 2020.

Cardano EMAs
Cardano EMAs. Source: TradingView

On the macro level, Cardano’s bullish momentum is supported by a variety of technical indicators, especially the Relative Strength Index (RSI). Currently above the neutral line at 50.0, the RSI is at a 7-week high, signaling growing investor confidence and increasing buying pressure. The RSI’s upward momentum highlights the market’s positive outlook on ADA, suggesting that Cardano is gaining traction after a period of relative stagnation.

With a strong RSI reading, ADA appears to be benefiting from a resurgence of investor interest, which may help sustain the altcoin’s price gains in the short term. If the bullish momentum continues, Cardano could potentially see significant price increases, pushing it toward new resistance levels and offering an opportunity for profitable trades.

Cardano RSI
Cardano RSI. Source: TradingView

ADA Price Needs To Escape This Zone

Cardano’s price is currently trading at $0.70, marking a 13% increase in the last 24 hours. If this bullish trend continues, ADA will likely encounter resistance around $0.77. Historically, the $0.70 to $0.77 range has been a consolidation zone. A successful breach of $0.77 would signal a further move towards $0.85. 

A breach of $0.77 would reinforce Cardano’s upward momentum, potentially driving its price even higher. Furthermore, a breakout above $0.80 would suggest that Cardano is ready to resume its longer-term bullish trend.

Cardano Price Analysis.
Cardano Price Analysis. Source: TradingView

However, the bullish outlook will be invalidated if Cardano fails to maintain its current price levels. If ADA falls back below $0.70 and slips to $0.63, it could erase the recent gains and lead to further declines. In this case, the positive momentum would be considered short-lived, and the bearish trend could be reinforced.

The post Cardano to Witness the Shortest Death Cross in History as Price Crosses $0.70 appeared first on BeInCrypto.

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NFT Market Downturn Is a Shift, Not a Collapse, Says Rarible Co-Founder Alexander Salnikov

Monicah W

The non-fungible token (NFT) sector experienced explosive growth in 2021. Artists, investors, and collectors were all swept up in the frenzy. Yet, its meteoric rise was followed by a downturn, prompting questions about the sector’s sustainability.

Alexander Salnikov, co-founder of Rarible, believes the market is not facing a collapse but rather a shift. In an exclusive interview with BeInCrypto, Salnikov offered his perspective on the state of NFTs in 2025 and their role moving forward.

Are NFTs Still Relevant in 2025, or Have They Run Their Course?

The rise of NFTs, fueled by excitement and speculation, was inevitable for a market experiencing such rapid innovation. Nonetheless, like many emerging technologies, this early surge was followed by a correction. The hype gave way to the realities of market maturation and sustainability.

According to the latest report by DappRadar, the art NFT market saw an impressive surge in 2021, with trading volumes reaching $2.9 billion. However, by the first quarter of 2025, the trading volume was recorded at just $23.8 million, marking a 93% decline.

NFT Trading Volume Over the Years
NFTs Trading Volume Over the Years. Source: DappRadar

Similarly, the number of active traders peaked at a record high of 529,101 in 2022. Yet, this figure sharply declined by 96%, with just 19,575 active traders remaining by Q1 2025. 

A previous industry report from DappRadar revealed that the underwhelming performance wasn’t just a trend in 2025. In fact, 2024 was one of the worst-performing years for the NFT market since 2020. In addition, BeInCrypto also reported on a study that revealed 98% of NFT projects launched in 2024 were essentially “dead.” 

Despite the decline, Rarible’s Salnikov has maintained a positive outlook for the sector. He emphasized the importance of a clear purpose when it comes to NFTs. 

“Once upon a time, after the .com burst, the headlines rang that the internet was only a fad. But as more companies integrated the technology into everyday use cases, it became ingrained as a part of life,” he told BeInCrypto.

Salnikov argued that trust quickly diminishes when NFTs are viewed merely as speculative assets. In contrast, projects rooted in real community engagement or providing tangible utility offer clear value, making their worth easily understood. 

Meanwhile, rather than viewing the sector’s decline as a collapse, the executive sees it as a market recalibration, with the focus shifting away from speculative hype toward projects with more sustainable value. 

“The speculative phase had its moment, but now we’re watching NFTs evolve into actual infrastructure—tools creators use to build communities, products, and new digital economies,” he said.

NFTs Beyond the Hype: Unlocking Real-World Utility 

Salnikov stressed that utility in the NFT space is no longer a distant concept—it is happening right now. Creators are using NFTs for membership, brands for loyalty programs, and games for player identity. 

He pointed to a growing convergence between the digital and physical worlds, with NFTs being tied to merchandise, events, and even real-world assets. Binance Research’s April 2025 report further corroborates this trend. 

The report spotlighted several real-world partnerships, indicating interest in NFTs. Examples include Azuki’s physical-backed NFT with Michael Lau, The Sandbox’s Jurassic World collaboration, EGGRYPTO’s anime characters with Eparida, and Sony’s Soneium platform partnering with LINE to create Web3 mini-apps.

“The next wave of growth isn’t about chasing a trend—it’s about unlocking new types of ownership and access that feel native to the internet generation,” noted Salnikov.

While this perspective offers optimism, the reality for many companies is quite different. Due to low trading volumes, major platforms like Bybit, X2Y2, and Kraken have resorted to discontinuing their NFT services. 

Those that didn’t shut down explored alternative avenues. For instance, Magic Eden expanded beyond NFTs with the acquisition of Slingshot. Nevertheless, Salnikov dismissed this strategy, commenting,

“We’re not trying to bolt on non-NFT features just to stay busy—we’re building NFT commerce that actually fits the communities using it.”

He explained that this approach uses modular, customizable on-chain marketplaces. Creators can tailor them to fit their specific audiences, whether it’s a gaming project, an L3, or a legacy brand.

“NFTs are the feature—they just need the right framing,” the Rarible co-founder stated.

When Fame Fades: The Diminishing Returns of Celebrity-Backed NFTs 

Going back, an interesting trend during the NFT hype era was the involvement of celebrities. High-profile figures like Justin Bieber, Madonna, and Neymar jumped on the bandwagon, attracting substantial attention to the sector. Nonetheless, their investment strategies haven’t fared particularly well.

In January 2022, Bieber spent 500 ETH (approximately $1.3 million at the time) on Bored Ape #3001. This NFT is from Yuga Labs’ Bored Ape Yacht Club (BAYC) collection. 

However, according to the latest data, the NFT is worth only 13.51 WETH (around $24,174), a decline of 98.1%. Although the singer hasn’t sold his NFT, it has received little attention lately, with no promotional efforts or notable discussions around it.

Thus, while celebrities can bring attention to NFTs, this highlights the need for substance beyond the name itself. As Salnikov pointed out, celebrity involvement in the sector is fleeting. 

According to him, a celebrity name alone can’t replace genuine creative direction or a strong community.

“Celebrity drops will come and go—it’s the culture behind them that determines if they stick,” he remarked.

He argued that celebrities treating NFTs as mere merchandise deters audiences. Nevertheless, when an NFT drop is intentional and truly taps into something meaningful like music, fashion, or fandom, that’s where the lasting value is found.

“We’re way more interested in working with creators who are building for the long haul than just chasing headlines,” Salnikov disclosed to BeInCrypto.

The executive also outlined the need for a more accessible and user-friendly approach for attracting interested users. He detailed that onboarding users should not feel “like a tech demo.” Salnikov pointed to Rarible as an example. 

According to him, Rarible focuses on ensuring that each marketplace built on its platform is a product people genuinely want to use. This involves features such as fiat onramps, low-cost mints, a clean user interface, and, most importantly, content that resonates with users. 

“We’re not selling NFTs—we’re powering experiences that just happen to be onchain,” Salnikov concluded.

While the NFT market faces ongoing challenges, it remains to be seen whether the industry is entering a new phase of growth or if further obstacles lie ahead in its evolution.

The post NFT Market Downturn Is a Shift, Not a Collapse, Says Rarible Co-Founder Alexander Salnikov appeared first on BeInCrypto.

Top Altcoins Poised to Surge as Bitcoin Dominance Weakens

Monicah W

Top Altcoins

The post Top Altcoins Poised to Surge as Bitcoin Dominance Weakens appeared first on Coinpedia Fintech News

The cryptocurrency market has surged by 4.7% in the last 24 hours, with top altcoins showing impressive gains. Ethereum has jumped by 10.1%, XRP by 8.3%, Solana by 8.4%, Dogecoin by 11.3%, Cardano by 10%, Avalanche by 13.2%, Chainlink by 11.6%, and Stellar by 10.2%. 

The latest bullish rally in the altcoin market has the crypto community buzzing, and renowned analyst Miles Deutscher has shared his secret formula for spotting the next altcoin pump.

Altcoin Market Analysis

At the start of April, the total market cap of the crypto market was $2.63 trillion, dropping to $2.31 trillion on April 7. However, since April 9, the market has surged by over 20.92%. Similarly, the altcoin market, which fell to $831.83 billion in the early days of April, has seen a recovery of 17.57%. Over the last three days, the market has risen by 7.67%, reaching $1.03 trillion.

Bitcoin Dominance and Spotting the Next Altcoin Pump

Bitcoin’s dominance started the month at 62.30%, reaching a peak of 64.59% yesterday. Currently, Bitcoin dominance sits at 64.31%, showing a slight decline. This indicates that altcoins are gradually gaining strength, as Bitcoin’s dominance starts to weaken.

Crypto analyst Miles Deutscher reveals the secret formula for spotting the next altcoin pump, highlighting four key factors investors should look out for:

  1. Oversold Coins: Look for coins that have dropped significantly or are being shorted.
  2. Strong Narratives: Coins tied to powerful stories, such as those in AI or gaming.
  3. Upcoming Catalysts: Coins gaining attention due to upcoming events or news.
  4. Technical Indicators: Coins that show a perfect alignment of technical signals, including key support and resistance levels.

Conclusion

With Bitcoin’s dominance weakening, the altcoin market is showing clear signs of recovery. According to experts like Miles Deutscher, focusing on oversold coins, strong narratives, upcoming events, and solid technical indicators could help investors spot the next big altcoin breakout. As the market continues to evolve, these insights provide traders with the tools to prepare for the next major rally.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

The post Top Altcoins Poised to Surge as Bitcoin Dominance Weakens appeared first on Coinpedia Fintech News
The cryptocurrency market has surged by 4.7% in the last 24 hours, with top altcoins showing impressive gains. Ethereum has jumped by 10.1%, XRP by 8.3%, Solana by 8.4%, Dogecoin by 11.3%, Cardano by 10%, Avalanche by 13.2%, Chainlink by 11.6%, and Stellar by 10.2%.  The latest bullish rally in the altcoin market has the …