Author: Monicah W

Ethereum’s Whale Volume Skyrockets Over 500% Amid Market Slump: Signs of a Rebound?

Monicah W

The post Ethereum’s Whale Volume Skyrockets Over 500% Amid Market Slump: Signs of a Rebound? appeared first on Coinpedia Fintech News

Economic tensions are still putting pressure on the crypto market. Tariffs introduced by the Trump administration have led declines in many altcoins, including Ethereum, which is currently struggling and trading in a bearish zone. Analysts predict Ethereum’s price may stay within a narrow range if these economic conditions continue. However, there is potential for a recovery soon, as large investors appear to be buying more, despite Ethereum’s recent drop below $1,500.

Ethereum’s Whale Pressure Skyrockets Over 500%

Ethereum’s price has dropped below $1,500 due to increased bearish pressure, triggered by Trump’s announcement about tariffs. This situation has caused a significant sell-off, with nearly $78.8 million worth of Ethereum being liquidated, according to data from Coinglass. Out of this, $48.1 million was from buyers and $30.6 million from sellers closing their positions. Despite these bearish conditions, Ethereum holders are remaining loyal and are not rushing to sell their holdings.

The investor who recently reactivated their wallet is still sitting on an unrealized profit of around $12.3 million, despite it having reached over $45 million at Ethereum’s peak in 2021. No sales were made then, and currently, despite a bearish market, whales are not showing a willingness to sell.

According to data from IntoTheBlock, the volume of large transactions has soared by nearly 520% as whales buy more Ethereum while its price is below $1,500. The amount of these transactions jumped from $1.58 billion to over $9.8 billion. This indicates that whales are heavily purchasing Ethereum during this price dip, which could mean they are accumulating more and potentially setting the stage for a price rebound. 

Also read: Ethereum (ETH) Headed to $1,000? Chart Flashes Sell-Off Signal

However, Ethereum’s MVRV ratio has dropped significantly in recent times. IntoTheBlock shows that the Ethereum MVRV currently stands at 0.76, lowest since December 2022. A level below 1 suggests that market value is less than the last realized value of Ethereum. It hints at significant unrealized losses across the Ethereum network. This level was last observed during the market crash of late 2022.

What’s Next for ETH Price?  

Ethereum’s price has been declining sharply, breaking below immediate support channels and is now aiming for a drop toward Fibonacci channel. Though buyers are attempting a rebound, sellers continue to hold the price within a bearish region. As of writing, ETH price trades at $1,458, declining over 6.6% in the last 24 hours.

The ETH/USDT trading pair is hovering just below EMA20 trend line, which could present a significant hurdle. If it can maintain above this level, it could be beneficial for buyers, potentially driving the price toward descending resistance line. A surge above that level could send the ETH price toward $2K.

Conversely, if the price holds below the EMA20 trend line on the 1-hour chart, sellers could drive it down to around $1,300. Further bearish pressure might keep Ethereum around the $1K level.

The post Ethereum’s Whale Volume Skyrockets Over 500% Amid Market Slump: Signs of a Rebound? appeared first on Coinpedia Fintech News
Economic tensions are still putting pressure on the crypto market. Tariffs introduced by the Trump administration have led declines in many altcoins, including Ethereum, which is currently struggling and trading in a bearish zone. Analysts predict Ethereum’s price may stay within a narrow range if these economic conditions continue. However, there is potential for a …

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US Justice Department (DOJ) Will Stop Investigating Crypto Exchanges and Wallets

Monicah W

The US DOJ just published a new directive claiming it will stop investigating and criminally charging crypto exchanges, mixers, and offline wallets.

This has produced a mixed response from the crypto community. Some sectors are jubilant about the potential freedom for business, while others fear the growing problem of fraud and criminal money laundering.

DOJ is Moving On From Crypto

The US financial regulatory apparatus has been much more friendly to crypto since President Trump took office. The SEC is reviewing its guidelines, the FDIC is working to prevent future debanking, and the entire political climate is changing.

Today, the Department of Justice (DOJ) released a statement claiming it will no longer investigate crypto entities.

“The Justice Department will stop participating in regulation by prosecution in this space. Specifically, the Department will no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end users or unwitting violations of regulations,” the DOJ’s statement claimed.

The DOJ’s statement applies to cryptocurrency exchanges, wallets, and crypto mixers like Tornado Cash. It builds on the Department’s previous announcement today, claiming that it disbanded the National Cryptocurrency Enforcement Team.

The department gives itself room to prosecute individual bad actors, but only in specific circumstances.

The US DOJ has been notorious for leading some of the biggest criminal investigations against crypto exchanges, such as Binance and KuCoin. Its critical investigation and charges against Binance led to the record $4.3 billion settlement in 2023.

However, the department is now moving on from crypto. According to today’s announcement, it will even drop any ongoing investigations against such entities immediately.

Also, it will not pursue legal liability for developers whose code is used by others to commit crimes, and it has closed all active investigations.

While it was expected that the department would lower its crypto enforcement under Trump, the complete laissez-faire decision has caught the crypto by surprise. Following the news, Tornado Cash (TORN) surged nearly 10% today.

tornado cash (TORN) price chart
Tornado Cash (TORN) Daily Price Chart. Source: TradingView

The Department also asked regulators to review victim compensation laws. Although this is arguably a victory for crypto, it may also enable future finance crimes.

Will Crypto Crime Run Riot?

Crypto sleuth ZachXBT recently claimed that there is an “eye-opening” level of North Korean activity in DeFi. If the department turns a blind eye to major criminal operations on these exchanges and mixers, it may enable serious violations.

After the announcement first broke, crypto Twitter was filled with users declaring that “crime is legal now.”

Additionally, the industry may be pushing its luck with a dramatic move like this. Crypto scams are at an epidemic level right now, and the market is very uncertain.

The DOJ is disabling its ability to target criminals on exchanges and mixers, with little guarantee that it can enforce the law. In other words, it may be removing critical guardrails to prevent future disasters.

“Crypto lobby: ‘Sure, Trump nixed the Crypto Enforcement Team, directed Major Fraud prosecutors to stop prosecuting crypto cases, and is trying to exempt crypto platforms from the Bank Secrecy Act, but they wrote right here that they care about stopping crypto crime! Reject the evidence of your eyes and ears!’” claimed crypto researcher Molly White.

Overall, it’ll be difficult to fully predict the implications of the department’s new policy on exchanges. For now, this directive will give many crypto-related businesses the freedom to conduct operations as they see fit.

Hopefully, business will proceed as usual without any serious controversies.

The post US Justice Department (DOJ) Will Stop Investigating Crypto Exchanges and Wallets appeared first on BeInCrypto.

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Stablecoins, Not Bitcoin, Are Winning Africa: Yellow Card CEO on Africa’s Crypto Shift

Monicah W

For years, crypto in Africa was synonymous with Bitcoin (BTC). Today, that narrative has flipped, with companies like Yellow Card, a crypto exchange operating in Africa, clearly reflecting this shift.

In an exclusive with BeInCrypto, Yellow Card co-founder and CEO Chris Maurice reveals how it is building a pan-African stablecoin network to leapfrog traditional finance (TradFi). This is amid growing regulatory clarity, collapsing fiat systems, and a remittance revolution.

Stablecoins Are Transforming Africa’s Financial Scene

The pan-African exchange operates in over 20 markets, and Maurice says stablecoins now account for over 99% of its transactions. This makes Yellow Card a bellwether for what might be the most transformative trend in emerging markets finance.

“When we first launched Yellow Card in 2019, people were exclusively buying Bitcoin. Now, the most popular asset is Tether (USDT),” Maurice told BeInCrypto.

As it happened, necessity, not speculation, has driven this evolution. Africa leads the world in peer-to-peer (P2P) crypto trading volume. However, unlike global crypto hubs chasing volatile returns, Africans are choosing stablecoins out of financial survival.

Stablecoin vs. Bitcoin Usage in Africa
Stablecoin vs. Bitcoin Usage in Africa. Source: Chainalysis report

Local currencies are eroding under inflationary pressure in countries like Nigeria, which ranks second globally in crypto adoption (per Chainalysis). Stablecoins offer a reliable store of value and seamless means of cross-border payments.

This is especially critical in a continent with $48 billion annual remittances and persistent banking limitations.

“Stablecoins are solving practical financial services challenges in Africa. People aren’t in love with the tech. They need faster, cheaper ways to move money to survive and thrive,” Maurice added.

Infrastructure Built for the Unbanked

Yellow Card has gone beyond trading services. Its infrastructure integrates mobile money systems (like M-Pesa in Kenya) and local fiat currencies such as the Nigerian naira and Ghanaian cedi. According to the firm’s CEO, this helps onboard users without bank accounts.

By managing compliance, currency exchange, and payments internally, the firm enables businesses to operate without battling unreliable local rails.

“Our mission is to let companies invest, hire, and grow in emerging markets without needing to stress over infrastructure. We’ve built the back office [meaning] cybersecurity, AML, [and] data protection, so they can focus on growth,” he articulated.

The Regulatory Dam Has Broken

Maurice also observed that African regulators kept crypto in limbo for years. In Yellow Card’s view, 2024 marked a tipping point.

“There is regulatory momentum in Africa that is only accelerating. The dam has broken,” he said.

South Africa now classifies crypto as a financial product. It has licensed major exchanges like Luno and VALR. Countries in the Central African Economic and Monetary Community (CEMAC), Mauritius, Botswana, and Namibia have followed suit with licensing regimes.

Meanwhile, regulatory incubators are emerging in Kenya, Nigeria, Rwanda, and Tanzania. Against this backdrop, Maurice says Yellow Card has actively helped draft legislation in Kenya and supports crypto frameworks in Morocco.

Fighting the Informal Market

Still, challenges remain. In countries like Ethiopia, Cameroon, and Morocco, outright bans have driven users underground into high-risk P2P networks. Yellow Card pushes for frameworks that level the playing field for compliant players.

“We face a lot of competition from companies that don’t maintain high AML standards…A level playing field is all we seek,” he said.

With $85 million in venture funding, Yellow Card is deploying capital into compliance and partnerships. With this, the company positions itself as the go-to infrastructure provider for global firms looking to tap African markets.

From Africa to Emerging Markets Everywhere

Cross-border payments are perhaps Yellow Card’s most powerful use case. The company’s co-founder says its stablecoin-powered rails are helping businesses reduce working capital needs, expand to new regions, and hire faster.

“We’ve had clients tell us we’ve enabled them to scale into new countries and reduce their costs dramatically. That’s real economic impact,” said Maurice.

The company is not stopping at Africa. Its infrastructure extends into other frontier markets, with a wave of strategic partnerships expected in 2025.

“Yellow Card has built a series of easy buttons for developed world companies to expand into complicated, high-growth markets,” he noted.

The End of SWIFT?

Perhaps the boldest claim from Yellow Card is what it sees on the five-year horizon: the decline of SWIFT and traditional international transfers altogether.

“As we look out five years, SWIFT is in trouble. In ten, no one will be making international wires again,” Maurice chimed.

Backed by enterprise-grade security and regulatory rigor, Yellow Card attracts interest from blue-chip firms like PayPal and Coinbase exchange, which are looking for stablecoin partners in emerging markets.

“Stablecoins are already a standard part of the financial infrastructure in Africa. CFOs and treasurers in traditional industries are now routinely using them to store and transfer value,” he added.

Africa’s crypto market is still small compared to global giants. Nevertheless, as the world shifts from speculation to utility, the continent’s fragmented financial systems may offer a glimpse into crypto’s most impactful use case: economic empowerment. For Yellow Card, the mission is clear and increasingly urgent.

“We’ve built a company for longevity and scale. Crypto adoption in Africa is stablecoin adoption,” Maurice concluded.

The post Stablecoins, Not Bitcoin, Are Winning Africa: Yellow Card CEO on Africa’s Crypto Shift appeared first on BeInCrypto.

US-China Trade War: Crypto Market Risks More Downside As Tariffs Go Into Effect

Monicah W

US-China Trade War: Crypto Market Risks More Downside As Tariffs Go Into Effect

The trade war between the United States (US) and China is heating up, which is threatening to tumble the global markets, including the crypto market. Specifically, the US has announced that a 104% tariff rate on China will begin on April 9, while the Asian country is already making moves to retaliate.

Crypto Market Risks More Downside With US Set To Impose 104% Tariffs On China

The crypto market risks a further crash as the trade war between the US and China heightens. According to a Bloomberg report, US officials revealed that the country will proceed with a 104% tariff on Chinese goods, which takes effect from April 9.

As Coingape reported, US President Donald Trump threatened an additional 50% tariff on Chinese goods if the country fails to lift its 34% counter-tariffs by April 8. However, China has made it clear that it has no intention to lift the 34% tariffs.

As such, the 104% tariffs are a cumulative of all earlier tariffs that Trump imposed, plus the 50% that he threatened to impose yesterday. China is also expected to retaliate with further tariffs as the country has promised to fight till the end.

The crypto market is reacting to the news of the 104% tariffs on China, with the Bitcoin price sharply dropping below $77,000. Coinglass data shows that the market has recorded almost $50 million in liquidations in the last one hour. Long positions have suffered the most, with almost $40 million in long positions wiped out.

Crypto analyst Mikybull Crypto revealed that the total cap has just flashed on the sell signal, providing a bearish outlook for the market. The analyst noted that this same thing happened in 2018 and 2022, which began the bear market. He added that 2019/2020 was the outlier due to the pandemic.

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BTC Could Still Drop To As Low As $70,000

Crypto analyst Rekt Capital has predicted that the Bitcoin price could bottom at around $70,000 amid the US-China trade war. The analyst noted that whenever Bitcoin’s daily RSI crashed into the sub-28 RSI level, it wouldn’t necessarily mark out the price bottom.

Rekt Capital stated that, historically, the actual price bottom would be -0.32% to 8.44% lower than the price when the RSI first bottomed. He revealed that BTC is currently forming its second low, -2.79% below the first low. The analyst claimed that a repeat of -8.44% below the first low would see the Bitcoin price at around $70,000.

In line with this, the crypto market could witness a massive crash as Bitcoin drops to $70,000. The Ethereum price has again dropped below $1,500, while other altcoins risk dropping to new lows.

The post US-China Trade War: Crypto Market Risks More Downside As Tariffs Go Into Effect appeared first on CoinGape.

Sui Price Recovers As CBOE Files To List SUI ETF

Monicah W

Sui Price Recovers As CBOE Files To List SUI ETF

Sui price saw a recent recovery after the Cboe BZX Exchange filed to list the first-ever spot SUI ETF in the U.S. The move marks a new step in bringing the SUI token into regulated financial products. The filing was submitted under Form 19b-4 with the U.S. Securities and Exchange Commission (SEC).

At the time of the announcement, the SUI price was trading at $2.02, up 2% after a week of downward pressure. The token had experienced a 20% loss over seven days. This ETF filing, however, brought renewed attention to the asset and lifted its short-term trading activity.

Cboe and Canary Capital Propose SUI ETF With Staking

Canary Capital is seeking approval for a spot exchange-traded fund that tracks the SUI token. The proposed fund will be known as the Canary SUI ETF and will be offered and traded on the Cboe BZX Exchange if registered. For instance, the filing notes that the ETF would enable the fund to invest in SUI a portion of the holdings.

The filing pointed out: “The Sponsor may stake, or cause to be staked, all or a portion of the Trust’s SUI through one or more trusted staking providers.” The staking rewards would, therefore, be considered as income to the trust. However, the fund would not have any stake in future forks or airdrops.

The proposed ETF comes on the heels of Canary Capital establishing a Delaware trust to back an SUI-based fund. The firm filed a registration statement with the SEC in March and then posted the new Form 19b-4 to Cboe BZX.

Canary Capital Previous Filings For ETF 

The Canary SUI ETF proposal has emerged in the wake of the recently approved Spot Bitcoin and Ethereum ETF last year. As for SUI, the Cboe BZX Exchange claimed its approach was the same as prior approvals. It declared that the same techniques will be employed to deter futures market control and protect investors.

“The Exchange believes that the proposal meets the requirements to prevent fraudulent and manipulative acts and practices,” the filing noted. This is a key requirement for ETF approvals under SEC regulations.

Canary Capital is also developing other crypto-related ETF products, including those linked to Litecoin, XRP, Solana, and Hedera. The firm’s Litecoin ETF, listed under the ticker LTCC, already appears on the Depository Trust and Clearing Corporation (DTCC) database. This shows that preparations are ongoing for a broader lineup of crypto investment products.

SUI Price Analysis: Recovery Signals After Sharp Drop

SUI price has been in a clear downtrend since reaching a peak around $2.84 earlier this year. The price has since moved within a descending channel, forming lower highs and lower lows. According to a recent SUI price prediction, key support levels have been identified at $1.80, $1.60, and $1.30.

As of April 8, the price is testing the $2.00 level, which is a key psychological and technical area. A confirmed break above the descending trendline near $2.20 to $2.30 could open a path toward $2.50 and $2.80.

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However, if the SUI price fails to hold above $2.00, it may revisit lower support levels. These SUI token support levels include $1.80 and $1.60, both of which have seen previous buying interest.

Analysts are watching for a potential trend reversal pattern. If SUI price forms a higher low and breaks resistance, it may signal a shift to an upward trend. But until a breakout is confirmed, the trend remains technically neutral to bearish.

The post Sui Price Recovers As CBOE Files To List SUI ETF appeared first on CoinGape.

XRP Lawsuit News: SEC Opposes Emergency Request for ‘Decisive Evidence’ in Ripple Case

Monicah W

Ripple News Today

The post XRP Lawsuit News: SEC Opposes Emergency Request for ‘Decisive Evidence’ in Ripple Case appeared first on Coinpedia Fintech News

The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially come to an end, as confirmed by Ripple CEO Brad Garlinghouse just a few days ago. 

While the announcement was met with celebrations among Ripple supporters and the broader crypto community, the XRP price failed to react as positively as expected. This muted response has led to growing anticipation and calls from XRP enthusiasts for an official statement or confirmation from the SEC.

Adding to the intrigue, an unusual filing recently appeared in the SEC vs. Ripple docket. A man named Justin W. Keener submitted an emergency request seeking to “present decisive evidence in favor of the defendants and in favor of liberty for the American people.” 

The letter, however, left many questions unanswered. It doesn’t clearly specify what the so-called ‘decisive evidence’ entails or how it would benefit Ripple’s case. Keener hints that the evidence may relate to physical investment contracts he has been collecting, though details remain scarce.

In response, the SEC has filed an opposition to Keener’s request. According to Fox Business’ Eleanor Terrett, the SEC argues that the motion should be denied for several reasons. First, they claim the District Court no longer has jurisdiction over the matter since the case has moved to the Second Circuit. 

Second, they assert that Keener failed to file the proper motion to intervene in the case. Lastly, the SEC contends that the request is unnecessary because Ripple is fully capable of deciding for itself whether the evidence in question could be helpful.

The SEC is now asking Judge Analisa Torres to dismiss Keener’s request entirely, arguing that it holds no legal standing and that the case has already reached a conclusion.

The post XRP Lawsuit News: SEC Opposes Emergency Request for ‘Decisive Evidence’ in Ripple Case appeared first on Coinpedia Fintech News
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially come to an end, as confirmed by Ripple CEO Brad Garlinghouse just a few days ago.  While the announcement was met with celebrations among Ripple supporters and the broader crypto community, the XRP price failed to react as positively …

BONK Could Face 40% Decline, Despite Bullish Divergence Signal

Monicah W

Bonk Outshines DOGE and SHIB

The post BONK Could Face 40% Decline, Despite Bullish Divergence Signal appeared first on Coinpedia Fintech News

Bonk (BONK), the popular Solana-based meme coin, is on the verge of a massive price crash. This bearish outlook emerges during a period when major cryptocurrencies are experiencing massive sell-offs and price crashes.

BONK Technical Analysis and Upcoming Level 

According to expert technical analysis, BONK appears bullish but is currently at a make-or-break level of $0.0000095. The daily chart shows multiple bullish signals, such as bullish divergence and the formation of a bullish double-bottom price action pattern.

Source: Trading View

However, the ongoing market sentiment and downward momentum in major assets like Bitcoin (BTC) and Ethereum (ETH) seem to be influencing other cryptocurrencies, especially those with a small market cap like BONK.

Based on recent price action and historical momentum, this key level has consistently acted as strong support. Since December 2023, BONK has experienced multiple upward moves after bouncing from this level. Meanwhile, experts and traders are also expecting a similar move in the meme coin.

However, given the current unfavorable market sentiment, BONK’s bullish outlook appears to be challenging.

The daily chart reveals that if BONK fails to hold this level and closes a daily candle below $0.0000088, it could drop by 38% to reach the next support at $0.0000055 in the future. However, if the meme coin holds this level, there is also a possibility that history will repeat and BONK will once again see an upside rally.

BONK Price and Volume Drop

At press time, BONK is trading near $0.000009677 and has recorded a price decline of over 5.50% in the past 24 hours. Meanwhile, during the same period, its trading volume dropped by 55%, indicating lower participation from traders and investors, potentially due to the current market sentiment.

Traders Lean Bearish on BONK

Given the strong bearish market and downward momentum in BONK, traders seem to be dominating the asset by heavily betting on the bearish side, as reported by the on-chain analytics firm Coinglass.

Data reveals that traders are over-leveraged at $0.0000095 on the lower side (support), where only $11.30K worth of long positions have been built. In contrast, $0.00001062 is another over-leveraged level on the upper side (resistance), where traders have built $271.30K worth of short positions.

Source: Coinglass

Examining this on-chain metric, it appears that short sellers are currently dominating, with minimal interest in going long on BONK. This could easily push the meme coin lower and lead to a breach of its support level.

The post BONK Could Face 40% Decline, Despite Bullish Divergence Signal appeared first on Coinpedia Fintech News
Bonk (BONK), the popular Solana-based meme coin, is on the verge of a massive price crash. This bearish outlook emerges during a period when major cryptocurrencies are experiencing massive sell-offs and price crashes. BONK Technical Analysis and Upcoming Level  According to expert technical analysis, BONK appears bullish but is currently at a make-or-break level of …

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Crypto ETFs Were the Worst-Performing Funds for British Investors in Q1 2025

Monicah W

A local media report claims that Q1 2025’s four worst-performing ETFs in the UK were all related to crypto and blockchain. These products track more nebulous market indicators, not specific tokens.

However, global recession fears are also spurring a downturn in ETFs tied to specific assets. This data from Britain is only one piece of the puzzle, but it doesn’t suggest an optimistic outcome in the near future.

Crypto ETFs Fall in the UK

Since the SEC first approved the Bitcoin ETF over a year ago, this asset category has completely changed the crypto space. These products recently saw huge inflows, and growing numbers of TradFi ETF investors want exposure.

However, according to a local media report, a few crypto products are the worst-performing ETFs in the UK in Q1 2025.

Morningstar, a British finance publication, claimed that Q1 2025’s four lowest-performing ETFs in the UK were crypto and blockchain-related.

The worst offenders were VanEck Crypto & Blockchain Innovators UCITS ETF (DAPP), Global X Blockchain UCITS ETF (BKCH), and iShares Blockchain Technology UCITS ETF (BLKC).

Worst-Performing ETFs in the UK
Worst-Performing ETFs in the UK. Source: Morningstar

It is very important to note that all these ETFs are tied to the crypto market in general, not specific tokens. As friendlier US regulators have signaled fresh approvers, issuers are launching more of these indirect products.

Three of the four worst-performing ETFs in the UK are traded by major crypto-related issuers.

Still, fears of a global recession are causing losses to standard crypto ETFs as well. The threat of Trump’s tariffs caused investors to pull hundreds of millions from Bitcoin and Ethereum ETFs, and these inflows haven’t returned yet.

Issuers have still signaled their long-term confidence in the underlying assets, but the positive growth hasn’t materialized.

All that is to say, this recent data from the UK could give valuable insights into the global crypto ETF market. None of these results paint an optimistic picture, and the bearish news from token-specific ETFs only makes the market seem more dismal.

It may be too soon to say, but institutional crypto funds may be in for a contraction.

The post Crypto ETFs Were the Worst-Performing Funds for British Investors in Q1 2025 appeared first on BeInCrypto.

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Retard Finder Coin Posts 140% Jump Amid Musk Tie-Up Rumors | Meme Coins To Watch Today

Monicah W

The crypto market is facing massive volatility today, and amid this noise, some meme coins are able to pick up pace on recovery. One such coin is said to have ties with Tesla founder and US Department of Government Efficiency (DOGE) head Elon Musk.

BeInCrypto has analyzed two other meme coins for investors to watch and note which direction they are taking.

Retard Finder Coin (RFC)

  • Launch Date – March 2025
  • Total Circulating Supply – 961.43 Million RFC
  • Maximum Supply – 1 Billion RFC
  • Fully Diluted Valuation (FDV) – $39.83 Million

RFC price surged by 141% over the past 24 hours, continuing its uptrend this week. The meme coin gained attention after Elon Musk’s interactions with its official X (formerly Twitter) page. This triggered a speculative surge in interest, helping RFC capitalize on the increased attention and rising market sentiment.

Musk’s indirect association with Retard Finder Coin has sparked speculation, although no direct evidence confirms his involvement. Despite this uncertainty, RFC’s price has risen to $0.040. If the speculation continues, the altcoin could see further gains, potentially reaching the $0.050 resistance level in the short term.

RFC Price Analysis.
RFC Price Analysis. Source: TradingView

Despite its recent rise, RFC remains a meme coin with inherent volatility. The altcoin faces the risk of rapid selling by investors, which could lead to a quick price pullback. If this occurs, RFC might fall to $0.030 or even $0.020, making it crucial for investors to approach with caution.

Fartcoin (FARTCOIN)

  • Launch Date – October 2024
  • Total Circulating Supply – 999.99 Million FARTCOIN
  • Maximum Supply – 1 Billion FARTCOIN
  • Fully Diluted Valuation (FDV) – $588.26 Million

FARTCOIN saw a 32% rise in the last 24 hours, trading at $0.591. The meme coin is now nearing the resistance level of $0.600. If this momentum continues, FARTCOIN could break through this barrier and continue its upward movement, heading toward new highs in the coming sessions.

In the past, the $0.600 resistance has halted FARTCOIN’s rally, preventing further price gains. However, if the current bullish trend persists, FARTCOIN could overcome this barrier and rise toward $0.693. This level marks the next target for the altcoin, supported by positive market sentiment and strong investor interest.

FARTCOIN Price Analysis.
FARTCOIN Price Analysis. Source: TradingView

If the resistance level proves too strong, FARTCOIN may experience a pullback. A failure to breach $0.600 could lead to a decline back to $0.417 or even lower, erasing recent gains. This scenario would invalidate the bullish outlook and extend the downtrend if selling pressure intensifies.

Mog Coin (MOG)

  • Launch Date – July 2023
  • Total Circulating Supply – 390.5 Trillion MOG
  • Maximum Supply – 420 Trillion MOG
  • Fully Diluted Valuation (FDV) – $135.64 Million

MOG price surged by 25% in the last 24 hours, providing relief after a steep 50% decline during March’s end. This recovery signals the potential for further growth as the meme coin attempts to regain momentum and distance itself from recent losses. The recent rise could lead to more positive movements.

At the time of writing, MOG is trading at $0.000000346, just below the key resistance level of $0.000000370. If it breaches this level, MOG could gain enough momentum to push toward $0.000000433. This breakthrough would mark a significant recovery and extend its upward trend further in the coming days.

MOG Price Analysis.
MOG Price Analysis. Source: TradingView

However, if MOG fails to breach $0.000000370, the altcoin may experience a decline. The next major support lies at $0.000000273, and if this level is tested, it could wipe out recent gains. In such a scenario, the bullish outlook would be invalidated, signaling a continued struggle for the meme coin.

The post Retard Finder Coin Posts 140% Jump Amid Musk Tie-Up Rumors | Meme Coins To Watch Today appeared first on BeInCrypto.

4 Crypto to Buy Ahead of FOMC Minutes as JPMorgan Warns of Emergency Fed Rate Cut

Monicah W

4 Crypto to Buy Ahead of FOMC Minutes as JPMorgan Warns of Emergency Fed Rate Cut

The crypto market is bullish today, as traders looking to buy the dip after the April 7 bloodbath caused by macroeconomic fears. As most altcoins edge higher today, several economic events happening this week including the release of FOMC minutes for the March meeting and possible emergency fed rate cuts have fuelled optimism that the market may sustain its gains. Traders are now searching for the best crypto to buy to scoop significant gains. 

Crypto Market in Focus Ahead of FOMC Minutes and JPMorgan Warning 

The crypto market has been battered this week amid discussions revolving around tariffs and trade wars. The global stock market has also wiped out trillions of dollars, while Bitcoin and most altcoins are struggling at multi-month lows. 

However, more volatility lies ahead during the week. The Federal Reserve will release its minutes of the March FOMC meeting where it left interest rates unchanged. CPI inflation data will be released later on Thursday. 

JPMorgan Executive Bob Michele warned that the Fed might be forced to call an emergency fed rate cut before the next Fed meeting on March 7. Michele’s sentiment comes after President Trump urged Fed Chair Jerome Powell to stop playing politics and trim interest rates. 

If this week’s FOMC minutes show the Fed has flipped dovish despite the ongoing turmoil, it could trigger a turnaround for risk assets like crypto. In this instance, below are the best crypto to buy for significant gains. 

Top Crypto to Buy This Week 

The best crypto to buy ahead of an eventful economic week includes Ripple (XRP), Hedera (HBAR), Hyperliquid (HYPE), and Fartcoin (FARTCOIN). 

Ripple (XRP) 

XRP price has posted a modest 3% gain in the last 24 hours. The altcoin has been catching attention as one of the best crypto to buy due to strategic acquisitions and institutional interest. 

Teucrium Investment Advisers have launched the first XRP leverage ETF at the New York Stock Exchange (NYSE). The product will bolster institutional interest. Meanwhile, Ripple has acquired Hidden Road, a prime brokerage platform, for $1.25B, marking one of the biggest deals in crypto history. 

Besides these fundamentals, the XRP price chart also makes a bullish case for Ripple. The altcoin has reentered a support zone that previously marked a surge in buying pressure. Meanwhile, XRP has moved from the lower Bollinger band, and if it rises to the middle band, it could drive strong gains. 

4 Crypto to Buy Ahead of FOMC Minutes as JPMorgan Warns of Emergency Fed Rate Cut
XRP/USDT: 1-day Chart

Hedera (HBAR) 

Hedera is a top crypto to buy this week ahead of FOMC minutes. In the last 24 hours, HBAR has recorded a staggering 10% gain. It is also teasing a breakout at the upper boundary of a falling wedge pattern. This hints towards a notable 2x surge to the target price of $0.26. 

4 Crypto to Buy Ahead of FOMC Minutes as JPMorgan Warns of Emergency Fed Rate Cut
HBAR/USDT: 1-day Chart

Besides the bullish setup, Hedera is also among the altcoins awaiting the SEC’s decision on a spot HBAR ETF. This ETF filing supports a bullish Hedera price prediction. 

Hyperliquid (HYPE) 

Hyperliquid is one of the top gainers across the crypto market today with a remarkable 10% surge to trade at $11.75. These gains make HYPE one of the best crypto to buy during the ongoing dip. 

HYPE has formed a v-shaped recovery on the four-hour price chart. This shows a strong rebound. At the same time, the RSI stands at a neutral level of 50 but the volume profile bars show that buyers are active in this price zone. The next key resistance levels lie at $14 and $15. 

4 Crypto to Buy Ahead of FOMC Minutes as JPMorgan Warns of Emergency Fed Rate Cut
HYPE/USDT: 4-Hour Chart

Fartcoin (FARTCOIN) 

One of the best crypto to watch during the ongoing turbulence is Fartcoin. As Coingape previously reported, FARTCOIN may be on the verge of a breakout past $2 after being one of the top gainers in the last 24 hours. 

This Solana meme coin is forming higher lows on its 4-hour price chart, which shows that the momentum is building. The RSI is also rising to support the positive outlook. 

4 Crypto to Buy Ahead of FOMC Minutes as JPMorgan Warns of Emergency Fed Rate Cut
FARTCOIN/USDT: 4-Hour Chart

Summary of Top Crypto to Buy 

The crypto market may record more volatility this week ahead of the FOMC minutes and the possibility of the Fed announcing emergency interest rate cuts. The best crypto to buy ahead of these events are Ripple (XRP), Hedera (HBAR), Hyperliquid (HYPE), and Fartcoin (FARTCOIN). 

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