Are AI-Themed Meme Coins Back From The Dead? | Meme Coins To Watch Today

The meme coin market witnessed a surge in AI-themed tokens today, led by ai16z, which posted a 35% rally. These tokens’ collective value grew by nearly 5% and is currently worth over $3.1 billion.

BeInCrypto has analyzed two other AI-themed meme coins for investors to watch as April nears its end.

ai16z (AI16Z)

  • Launch Date – October 2024
  • Total Circulating Supply – 1.099 Billion AI16Z
  • Maximum Supply – 1.099 Billion AI16Z
  • Fully Diluted Valuation (FDV) – $269.21 Million

AI16Z has surged by 35% in the last 24 hours, currently trading at $0.243. The altcoin has gained momentum, breaking through a month-long resistance at $0.210. This surge places AI16Z at the forefront of AI meme coins, drawing attention from investors eager to capitalize on the price movement.

To reach the next resistance at $0.321, AI16Z must continue its upward trajectory. However, achieving this target requires that investors hold onto their positions rather than selling off their holdings. With a 30% rise still needed to breach the resistance, market sentiment will play a critical role in its success.

AI16Z Price Analysis
AI16Z Price Analysis. Source: TradingView

If selling pressure increases, AI16Z could fall below its support at $0.210. A drop below this level would likely lead to a decline toward the $0.154 support, invalidating the current bullish outlook.

Goatseus Maximus (GOAT)

  • Launch Date – October 2024
  • Total Circulating Supply – 999.99 Million GOAT
  • Maximum Supply – 1 Billion GOAT
  • Fully Diluted Valuation (FDV) – $81.46 Million

GOAT has risen 22% in the last 24 hours, currently trading at $0.079. The altcoin is testing resistance at $0.080, marking a near two-month high. This upward momentum indicates growing investor interest, with the price approaching a critical level that could set the stage for further gains.

If GOAT can maintain its current momentum, it has the potential to secure $0.080 as a support floor. A sustained rise above this level could lead to further gains, with the next resistance target set at $0.102. This would provide a solid foundation for continued growth and extend investor profits.

GOAT Price Analysis.
GOAT Price Analysis. Source: TradingView

Failing to breach $0.080 could trigger a reversal in the price movement. In this scenario, GOAT may experience a decline toward the $0.064 support level, erasing recent gains. This would invalidate the bullish outlook, suggesting that the current uptrend could be short-lived if the resistance is not surpassed.

Turbo (TURBO)

  • Launch Date – May 2023
  • Total Circulating Supply – 69 Billion TURBO
  • Maximum Supply – 69 Billion TURBO
  • Fully Diluted Valuation (FDV) – $317.10 Million

TURBO has posted a 104% rise this week, currently trading at $0.0046. While it did not see a massive rally today, the meme coin has shown impressive growth. However, TURBO faces resistance at $0.0048, which could limit further upward movement unless broken decisively.

To continue its upward trajectory, TURBO must flip the $0.0048 resistance into support. If successful, the altcoin could aim for the $0.0068 level. Maintaining strong investor confidence and preventing widespread selling will be essential to sustaining this bullish trend. 

TURBO Price Analysis.
TURBO Price Analysis. Source: TradingView

Any significant profit-taking could derail TURBO’s rally. A failure to maintain above the $0.0048 level would lead to a decline, potentially dropping to $0.0038 or even $0.0029. This would invalidate the bullish outlook and likely push the token into a bearish trend.

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Cathie Wood’s Ark Invest Set BTC Price Target As Bitcoin ETF Sees $2.6B Inflow

Cathie Wood's Ark Invest Set BTC Price Target As Bitcoin ETF Sees $2.6B Inflow

Ark Invest has its sights on a bullish outlook for Bitcoin (BTC) in its new price forecast for 2030. In upbeat fashion, Bitcoin ETFs have pulled in $2.65 billion in inflows over the last week as optimism runs high in the ecosystem.

Ark Invest Tips Bitcoin Price To Cross $1 Million By 2030

Cathie Wood’s Ark Invest has updated its Bitcoin price target for 2030, tipping the largest cryptocurrency to soar to new highs. According to ARK’s Big Ideas 2025 report, a worst-case scenario will leave BTC trading at $300,000 by the end of the decade.

Ark Invest predicts a base case of at least $710,000 per BTC in 2030 and a bullish projection of $1.5 million for a single Bitcoin.

Per the report, Ark Invest is hinging its prediction on a swathe of factors while taking into cognizance Bitcoin’s deterministic issuance schedule. With Bitcoin supply reaching 20.5 million units by the decade’s end and nearing its supply cap of 21 million, Ark Invest maintains an upbeat stance for the BTC price.

The report taps institutional investors via Bitcoin spot ETFs to be the largest growth driver over the next five years. Furthermore, Bitcoin’s status as digital gold will attract a new wave of investors given its “transparent store-of-value” nature in comparison to gold. The report tips an avalanche of investors from emerging markets turning to BTC to shield their assets from inflation and devaluation to fuel a sustained rally.

Other factors backing Ark Invest’s prediction include the incoming rise of nation-state and corporate treasuries. Sweden is tinkering with including Bitcoin into its foreign reserves, while Bitcoin maxi Samson Mow is calling for a Japanese Strategic Bitcoin Reserve.

Bitcoin ETFs Record $2.65 Billion In Inflows Amid Impressive Price Performance

While the Bitcoin price performance by Ark Invest is considerably bullish in the long term, short-term metrics are nothing short of impressive. Over the last seven days, Bitcoin spot ETFs have attracted $2.65 billion in inflows after a small blip in activity in early April.

Per the latest data, BlackRock’s IBIT pulled in the biggest funds with impressive daily inflows, closely followed by Fidelity’s FBTC. The gains follow Michael Saylor’s prediction that BlackRock’s IBIT will be the largest Bitcoin ETF after 2030.

The surge in Bitcoin ETF metrics comes on the heels of impressive price performance for the largest cryptocurrency. Bitcoin has staged a strong comeback to trade at $94K, gaining nearly 12% over the last week. Bitcoin price flashed brilliance as China bolstered its gold holdings, triggering optimism for a rally to reclaim $100K.

The post Cathie Wood’s Ark Invest Set BTC Price Target As Bitcoin ETF Sees $2.6B Inflow appeared first on CoinGape.

Senator McCormick Invests $1M in Bitcoin ETF Just Before Trump’s Strategic Reserve Plan

The post Senator McCormick Invests $1M in Bitcoin ETF Just Before Trump’s Strategic Reserve Plan appeared first on Coinpedia Fintech News

The 2024 U.S. presidential election marked a historic shift as crypto became a key campaign battleground. Donald Trump’s early endorsement of digital assets gave him a clear edge, earning massive support from the crypto community and ultimately propelling him to a second term. Meanwhile, Democratic candidate Kamala Harris made last-minute efforts to align with pro-crypto sentiments, but it was too little, too late.

Now, with Trump back in power, the intersection of crypto and politics is more prominent than ever.

Senator Dave McCormick Holds $1M in Bitcoin ETFs

According to U.S. Senate Financial Disclosure data, Senator Dave McCormick of Pennsylvania—formerly the CEO of Bridgewater Associates—is the largest Bitcoin investor in Congress.

In total, he has invested over $1 million in the Bitwise Spot Bitcoin ETF, with significant purchases in both February and March 2025. One notable investment of $65,000–$150,000 came just days before Trump announced plans to establish a Strategic Bitcoin Reserve.

The Bitwise ETF, currently trading at $50.96 with a 24-hour volume of $57.92 million, ranks as the sixth-largest Bitcoin ETF by assets under management (AUM), valued at $3.65 billion.

Coinbase CEO Supports McCormick’s Crypto Stance

McCormick’s pro-crypto position was not only a campaign highlight but a strategic advantage. His optimistic views earned endorsements from industry leaders like Coinbase CEO Brian Armstrong



Full name

Brian Armstrong

Birth

January 25, 1983 in San Jose, California, U.S.

Education

Bachelor of Arts/Economics, Master of Arts/Science, Rice University

Nationality

American

Martial Status

Married

Net Worth

$11.9B (Refer for real-time)

He supports the need for clear regulations and policies for cryptocurrency trading and decentralized transactions. Brian has collaborated with diplomats to formulate the policies. He continues to contribute to the crypto community and blockchain technology.
Brian Armstrong: Timeline of events

2010: Discovered Bitcoin – Read the Bitcoin whitepaper and became interested in decentralized finance.
2012: Co-Founded Coinbase – Launched Coinbase with Fred Ehrsam to simplify Bitcoin buying and selling.
2015: Expanded Coinbase Services – Introduced Coinbase Exchange and support for multiple cryptocurrencies.
2017: Led Coinbase Through Crypto Boom – Scaled operations as Bitcoin surged to $20,000, making Coinbase a top exchange.
2021: Coinbase IPO on NASDAQ – Took Coinbase public (COIN) at a $86B valuation, marking a major crypto milestone.
2022: Advocated for Crypto Regulation – Engaged with lawmakers to promote clear crypto regulations in the U.S.
2023: Launched Coinbase’s Layer-2 ‘Base’ – Introduced Base, a Layer-2 blockchain to improve Ethereum scalability.
2024: Pushing for Global Crypto Adoption, Married to Angela Meng.

Year

Award/Notable Work

Details

2012

Co-Founded Coinbase

Built one of the world’s largest cryptocurrency exchanges.

2017

Fortune 40 Under 40 – Technology

Recognized for leadership in the crypto industry.

2021

Coinbase IPO on NASDAQ

Took Coinbase public with an $86B valuation, a first for a major crypto company.

2021

Time 100 Most Influential People

Listed for his impact on mainstream crypto adoption.

2023

Launched Coinbase’s Layer-2 ‘Base’

Introduced a Layer-2 blockchain to enhance Ethereum scalability.

Useful Links to Connect With Brian Armstrong

Platform

Link

X (formerly Twitter)

https://twitter.com/brian_armstrong

LinkedIn

https://www.linkedin.com/in/brianarmstrong

Coinbase Official Website

https://www.coinbase.com

Brian Armstrong’s Personal Blog

https://brianarmstrong.com

 

EntrepreneurInvestorDeveloper/ProgrammerCrypto and Blockchain Expert

helping him secure a narrow election victory.

At a Senate hearing in February 2025, McCormick declared that “2025 will be the year for digital assets,” underlining his belief that crypto and blockchain can drive innovation, strengthen national security, and support economic growth.

Other Lawmakers Join the Crypto Bandwagon

McCormick isn’t alone. Rep. Marjorie Taylor Greene also revealed investments in the iShares Bitcoin Trust ETF. Meanwhile, Senator Steve Daines previously held shares in multiple crypto-related ETFs but has since liquidated his positions.

As political support for digital assets grows, it’s becoming clear that crypto is no longer a fringe issue—it’s now part of the U.S. legislative mainstream.

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The post Senator McCormick Invests $1M in Bitcoin ETF Just Before Trump’s Strategic Reserve Plan appeared first on Coinpedia Fintech News
The 2024 U.S. presidential election marked a historic shift as crypto became a key campaign battleground. Donald Trump’s early endorsement of digital assets gave him a clear edge, earning massive support from the crypto community and ultimately propelling him to a second term. Meanwhile, Democratic candidate Kamala Harris made last-minute efforts to align with pro-crypto …

Sui Price Prediction 2025, 2026 – 2030: SUI Price To Hit $10 This Year?

Price Prediction SUI

The post Sui Price Prediction 2025, 2026 – 2030: SUI Price To Hit $10 This Year? appeared first on Coinpedia Fintech News

Story Highlights

  • The live price of SUI crypto is  $ 3.75703043.
  • The SUI price is expected to reach a high of $7.01 in 2025.
  • With a potential surge, the price may reach $23.77 by 2030.

SUI, a next-gen Layer-1 blockchain, is rapidly gaining traction with its focus on scalability, seamless user experience, and Web3 integration via ZkLogin. Rumors of a Pokémon Web3 partnership have fueled a 20% price surge. Now trading at $3.29, with RSI above 70 and a MACD bullish crossover, SUI signals a parabolic rally. Backed by $1.45B TVL and rising institutional interest, the SUI price could be eyeing a new ATH, raising curiosity about its long-term investment potential.

What Is CoinPedia’s Sui Price Prediction for May 2025?

The price of 1 Sui token could surge to a maximum of $4.20 by the end of May 2025.

Overview

Cryptocurrency Sui
Token SUI
Price  $ 3.75703043 top gainer 24.35%
Market cap  $ 12,210,284,667.4661
Circulating Supply  3,249,982,900.4589
Trading Volume   $ 3,887,018,546.1564
All-time high $5.35 on 06th January 2025
All-time low $0.3643 on 19th October 2023

Sui Price Prediction May 2025

Sui on its daily price chart shows a strong bullish breakout from a prolonged downtrend, confirmed by a steep upward rally and a daily RSI above 78, indicating overbought conditions. In May 2025, SUI could see continued bullish momentum fueled by surging volume ($3.59B) and strong investor interest. 

Sui Price Prediction May 2025

With the price currently at $3.63 and a recent high of $3.71, SUI could aim for higher levels, possibly testing $4.00. However, minor pullbacks are expected due to overbought RSI.

  • High Price: $4.20 
  • Low Price: $3.10 
  • Average Price: $3.7

Sui Price Prediction 2025

Sui Network plans a $320 million token unlock by the end of 2025. The forecast of this altcoin for 2025 suggests a new all-time high with a potential high of $7.01, assuming the bullish sentiment sustains. However, with a short correction, it may reach a potential low of $3.84, making an average of $5.42.

Year Potential Low Potential Average Potential High
2025 $3.84 $5.42 $7.01

Also, read our Solana Price Prediction 2025, 2026 – 2030!

Sui Crypto Price Analysis 2026 – 2030

Year Potential Low ($) Potential Average ($) Potential High ($)
2026 5.16 7.21 9.26
2027 6.39 9.16 11.94
2028 7.98 12.68 15.38
2029 9.47 14.58 19.69
2030 12.63 18.20 23.77

Sui Token Price Outlook 2026

The SUI coin token projection for the year 2026 could range between $5.16 to $9.26 and the average price of the altcoin could be around $7.21.

Sui Price Target 2027

SUI crypto price for the year 2027 could range between $6.39 to $11.94 and the average price of this crypto token could be around $9.16.

Sui Coin Price Forecast 2028

Sui project can make a potential high of $7.98 in 2027, with a potential low of $15.38, leading to an average price of $12.68.

Sui Token Price Prediction 2029

The forecast of this token for the year 2029 could range between $9.47 to $19.69 and the average coin price could be around $14.58.

Sui Price Prediction 2030

With an established position in the market, altcoins’s potential high for 2030 is projected to be $23.77. On the flip side, a potential low of $12.63 will result in an average price of $18.20.

SUI Price Prediction 2031, 2032, 2033, 2040, 2050

Based on the historic market sentiments, and trend analysis of the altcoin, here are the possible Sui price targets for the longer time frames.

Year Potential Low ($) Potential Average ($) Potential High ($)
2031 16.38 23.09 29.81
2032 21.27 29.81 38.35
2033 28.09 38.92 49.76
2040 82.45 130.64 178.84
2050 496.64 802.18 1,107.73

Check out, Avalanche Price Prediction 2025, 2026 – 2030!

Market Sentiments

Firm Name 2025 2026 2030
Wallet Investor $8.38 $11.84
PricePrediction.net $1.64 $2.41 $10.83
DigitalCoinPrice $11.49 $16.35 $34.39

VanEck predicts that the Sui price will hit $16 this year!

CoinPedia’s Sui Price Prediction

Coinpedia’s price prediction for SUI is highly bullish as the price is displaying a constant uptrend. This suggests that the price may reach new swing highs during the upcoming time.

With the ongoing Sui crypto update, the price predicts a high of $7.01, with an average price of $5.42.

CoinPedia expects the Price to reach $7.01 by the year-end.

Year Potential Low Potential Average Potential High
2025 $3.84 $5.42 $7.01

FAQs

Is Sui cryptocurrency a good investment?

Yes, the SUI blockchain is one of the most prominent projects and is projected to gain significant value in the coming time.

How high will the Sui coin go?

With a bullish surge, the altcoin may hit a high of $7.01 this year.

Sui price prediction for the next 5 years?

Considering the Sui long-term price prediction, it may reach a high of $23.77 by 2030.

What is the future of Sui cryptocurrency?

With the rising popularity of the Sui token, this project may achieve the $23.77 mark by 2030.

What is the price prediction for the Sui coin?

The Sui project is targeted to conclude the year 2028 with a trading price of $15.38.

Will Sui Cryptocurrency rise?

With active development on the SUI coin exchange, this crypto token is predicted to outperform some major cryptocurrencies in the coming years.

What is the value of 1 Sui cryptocurrency?

At the time of writing, the price of this altcoin was $3.63.

How much would the price of SUI be in 2040?

As per our latest Sui price analysis, the SUI could reach a maximum price of $178.84.

How much will the Sui coin price be in 2050?

By 2050, a single SUI price could go as high as $1,107.73.

The post Sui Price Prediction 2025, 2026 – 2030: SUI Price To Hit $10 This Year? appeared first on Coinpedia Fintech News
Story Highlights The live price of SUI crypto is . The SUI price is expected to reach a high of $7.01 in 2025. With a potential surge, the price may reach $23.77 by 2030. SUI, a next-gen Layer-1 blockchain, is rapidly gaining traction with its focus on scalability, seamless user experience, and Web3 integration via …

Bitcoin Suisse Board Member Urges Swiss Central Bank to Hold Bitcoin

The post Bitcoin Suisse Board Member Urges Swiss Central Bank to Hold Bitcoin appeared first on Coinpedia Fintech News

A Bitcoin Suisse board member has proposed that the Swiss central bank consider adding Bitcoin to its reserves. The suggestion highlights the potential advantages of including the cryptocurrency in the country’s financial strategy. By diversifying its assets, the Swiss central bank could benefit from Bitcoin’s growth, reinforcing Switzerland’s role as a pioneer in adopting digital assets. This proposal reflects the increasing interest in Bitcoin as a reliable store of value.

The post Bitcoin Suisse Board Member Urges Swiss Central Bank to Hold Bitcoin appeared first on Coinpedia Fintech News
A Bitcoin Suisse board member has proposed that the Swiss central bank consider adding Bitcoin to its reserves. The suggestion highlights the potential advantages of including the cryptocurrency in the country’s financial strategy. By diversifying its assets, the Swiss central bank could benefit from Bitcoin’s growth, reinforcing Switzerland’s role as a pioneer in adopting digital …

Ethereum Plans 4x Gas Limit Rise to Improve Performance

The post Ethereum Plans 4x Gas Limit Rise to Improve Performance appeared first on Coinpedia Fintech News

Ethereum developers are proposing a 4x increase in the gas limit to 150M for the upcoming Fusaka hard fork. This adjustment aims to boost Layer 1 (L1) execution, enabling the network to manage more transactions with greater efficiency. By raising the gas limit, Ethereum seeks to enhance its overall performance, ensuring smoother operations and better scalability as the network evolves.

The post Ethereum Plans 4x Gas Limit Rise to Improve Performance appeared first on Coinpedia Fintech News
Ethereum developers are proposing a 4x increase in the gas limit to 150M for the upcoming Fusaka hard fork. This adjustment aims to boost Layer 1 (L1) execution, enabling the network to manage more transactions with greater efficiency. By raising the gas limit, Ethereum seeks to enhance its overall performance, ensuring smoother operations and better …

Analyst Predicts XRP Price Could Hit $100, Here’s Why

The post Analyst Predicts XRP Price Could Hit $100, Here’s Why appeared first on Coinpedia Fintech News

Analyst All Things XRP has addressed a common myth about XRP’s price limit. Many people believe XRP can’t reach $100 because of its market cap, but according to the analyst, this idea is completely wrong.

He explained that market cap is simply the result of price multiplied by the total number of coins in circulation. It’s not a limit on how high a cryptocurrency’s price can go.

To make it clear, he compared it to real estate, saying XRP can’t hit $100 because of its market cap is like saying no one can buy a $10 million mansion because the average house costs $300,000. Both situations ignore how individual prices and values work in the real market.

The analyst believes XRP’s biggest strength lies in its liquidity. He explained that a small $80 million investment once boosted XRP’s market cap by $17 billion, showing how even minimal inflows can trigger massive price movements due to low liquidity. This highlights how XRP can react strongly to demand shifts.

He added that XRP isn’t just another coin—it’s a platform designed for global payments, capable of handling trillions in transactions. As major banks adopt it and new features like DeFi, EVM sidechains, and passive income tools roll out, the ecosystem is growing fast. With rising utility and limited supply, he expects demand to keep climbing.

Is $100 possible?

All Things XRP explained that although XRP hitting $100 could seem far-fetched, it is not entirely unrealistic. With $8 billion in inflows, XRP could rise to $30-$40. And if factors like speculation, ETFs, and global adoption play out in favor, then a price of $100 is achievable.

He says XRP is designed to scale with the future of finance, targeting the $300T cross-border payments market, where it’s positioned to be the backbone. “Still think market cap is a cap? Apple, Microsoft, and Saudi Aramco all blew past $1T. XRP isn’t them, but it’s not bound by old rules either. It’s a whole new model,” he added.

XRP is currently trading at $2.19, up 1.5% in the past day, with a market cap over $127 billion. 

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 Analyst Predicts XRP Price Could Hit $100, Here’s Why appeared first on Coinpedia Fintech News
Analyst All Things XRP has addressed a common myth about XRP’s price limit. Many people believe XRP can’t reach $100 because of its market cap, but according to the analyst, this idea is completely wrong. He explained that market cap is simply the result of price multiplied by the total number of coins in circulation. …

Stacks (STX) Leads the Market with 20% Jump Amid Bearish Futures Bets

STX is today’s top performer, soaring nearly 20% in the past 24 hours. Alongside the price surge, the token’s trading volume has also spiked, signaling strong interest from investors. 

However, despite the rally, on-chain data reveals a high demand for short positions among traders, suggesting doubts around the longevity of STX’s current uptrend.

Stacks (STX) Jumps 20%, But Bearish Traders Dominate

According to Coinglass, STX’s long/short ratio is currently at 0.97, signaling a preference for short positions among its futures market participants. 

STX Long/Short Ratio.
STX Long/Short Ratio. Source: Coinglass

The long/short ratio measures the proportion of bullish (long) positions to bearish (short) positions in the market. When the ratio is above one, there are more long positions than short ones. This suggests bullish sentiment, with most traders expecting the asset’s value to rise.

Converesly, as with STX, a ratio below one indicates that more traders are betting on a price decline than on an increase. This suggests that many token holders are unimpressed by STX’s double-digit gains over the past day and anticipate a bearish reversal soon. 

Moreover, STX’s overbought Relative Strength Index (RSI) supports this bearish outlook. At press time, this momentum indicator is at 74.35 and on an upward trend.

STX RSI.
STX RSI. Source: TradingView

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 suggesting that the asset is overbought and due for a price decline. Converesly, values under 30 indicate that the asset is oversold and may witness a rebound.

Therefore, STX’s RSI reading confirms that altcoin might be overbought and could witness a price decline in the near term.

Can STX Defy Overbought Signals?

Once buyer exhaustion sets in, STX could shed some of its recent gains. In this scenario, the altcoin’s value could plunge to its year-to-date low of $0.47. 

However, an RSI reading above 70 does not always signal an immediate reversal. Strong bullish momentum can sometimes sustain the rally, pushing prices even higher despite overbought conditions. 

STX Price Analysis
STX Price Analysis. Source: TradingView

If demand strengthens, STX’s rally could persist, potentially allowing the token to break above the resistance level at $1.07.

The post Stacks (STX) Leads the Market with 20% Jump Amid Bearish Futures Bets appeared first on BeInCrypto.

Here’s Why XRP Price May Fail Breakout From 3-Month Old Channel 

XRP has recently been facing a downtrend, with the altcoin dipping below key support levels. However, it seemingly established a bullish pattern that appeared poised for a breakout. 

Yet, the overvaluation of XRP has made this breakout unlikely. As the altcoin’s price surges, concerns about its sustainability are mounting.

XRP is Highly Overvalued

This week, XRP’s network value-to-transaction (NVT) ratio spiked to a five-year high, signaling an overvaluation. The NVT ratio is a critical indicator that compares a cryptocurrency’s market capitalization to its transaction volume. When the NVT ratio increases sharply, it suggests that the network value is outpacing actual transaction activity. 

This condition has historically been associated with an upcoming correction in price. The last time the NVT ratio reached similar levels was in January 2020, just before XRP experienced a significant price downturn. The surge in NVT suggests that the market is becoming overheated, with expectations of a cooldown.

XRP NVT Ratio
XRP NVT Ratio. Source Glassnode

Despite XRP rallying 22% in the past two weeks, technical indicators paint a more concerning picture. The Chaikin Money Flow (CMF) indicator has displayed a significant spike, often suggesting that money flows into the market. However, a closer look at the volume of inflows reveals that substantial buying activity has not supported the price increase.

Instead, hype and speculation drive the price surge more than genuine investor interest.

With this in mind, XRP’s rally may be more of a short-term anomaly rather than a sustainable upward trend. As the market cools down and the hype subsides, the altcoin will likely struggle to maintain its recent price levels. The overvaluation condition remains a significant risk, potentially leading to a price correction.

XRP CMF
XRP CMF. Source: TradingView

XRP Price Faces Bearish Cues

XRP is currently trading at $2.19, showing a 22% increase in the last two weeks. The altcoin appears to be preparing for a breakout from a three-month-old descending channel. However, this breakout faces challenges, as the overvaluation condition and broader market indicators suggest that the rally may not last. 

Given the potential bearish factors, even if XRP manages to break out, the rally could be short-lived. The price could retreat to $2.02, or possibly lower to $1.94, if the breakout fails to hold. The combination of overvaluation and weak buying momentum could quickly reverse any gains.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView

On the other hand, if XRP does manage to sustain its breakout, securing $2.40 and $2.56 as support levels could provide the necessary foundation for further price growth. Such a move would invalidate the bearish outlook, allowing XRP to push higher and continue its ascent. 

The post Here’s Why XRP Price May Fail Breakout From 3-Month Old Channel  appeared first on BeInCrypto.

Crypto Hack Alert: North Korean Hackers Target Developers With New Campaign

Crypto Hack Alert: North Korean Hackers Target Developers With New Campaign

Amidst increasing crypto hacks, experts caution against a newly identified malware campaign. North Korean hackers, linked to the notorious Lazarus Group, have reportedly created three shell companies, including two in the US, to spread malware targeting crypto developers.

Through phony job interviews, these scammers trick people into compromising their crypto wallets and stealing credentials, which enables further attacks on legitimate businesses.

North Korean Hackers Target Developers: Know the Crypto Hack Risks

Cybersecurity firm Silent Push recently released a warning against the increasing crypto hacks orchestrated by the notorious North Korean hackers. The Lazarus-linked group has set up three fake companies to deliver malware to the targeted victims. These companies include BlockNovas, Angeloper Agency, and SoftGlide.

Via fake interviews, these scammers send malware to crypto developers, which will help them steal credentials and attack the businesses. The cybersecurity firm stated, “These websites and a huge network of accounts on hiring / recruiting websites are being used to trick people into applying for jobs.” Further explaining the procedures involved in the hacking, the firm added,

During the job application process an error message is displayed as someone tries to record an introduction video. The solution is an easy click fix copy and paste trick, which leads to malware if the unsuspecting developer completes the process.

Fake Employees via AI

An interesting part of the North Korean hackers’ crypto hack is the use of artificial intelligence to create fake employees. The hackers use AI to generate images and profiles for fake employees for the three front companies.

In some cases, the hackers have even stolen real images of crypto developers working in prominent firms. Silent Push noted,

There are numerous fake employees and stolen images from real people being used across this network…In one of the examples, the threat actors took a real photo from a real person, and then appeared to have run it through an AI image modifier tool to create a subtly different version of that same image.

Earlier this year, crypto exchange Deribit released a similar warning against crypto job scams. The platform identified scammers attracting job seekers by impersonating prominent crypto platforms.

FBI Seizes Fake Companies to Tackle Crypto Hacks

Though the Federal Bureau of Investigation declined to comment on the two fake companies in the US, they revealed the seizure of the Blocknovas domain as part of a law enforcement action against North Korean hackers. The bureau is targeting not only the actors but also those facilitating their schemes. An FBI official described North Korean cyber operations as “one of the most advanced persistent threats” facing the US.

This development comes following Australia’s increased scrutiny over companies involved in pig butchering crypto scams. Australia’s Securities and Investments Commission has taken the initiative to shut down 95 firms that reportedly facilitate crypto hacks.

The post Crypto Hack Alert: North Korean Hackers Target Developers With New Campaign appeared first on CoinGape.