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POS Chain Coldware Steals The Show Leaving Web3 Berachain and Pi Network In The Dust

coldware

The post POS Chain Coldware Steals The Show Leaving Web3 Berachain and Pi Network In The Dust appeared first on Coinpedia Fintech News

The cryptocurrency landscape has been buzzing with significant shifts and developments over the past few weeks. Pi Network (PI), Berachain (BERA), and Coldware (COLD) have all been part of the ongoing crypto evolution. However, as Coldware (COLD) takes center stage, both Pi Network (PI) and Berachain (BERA) seem to be getting left behind, despite their growing presence in the market.

The Rise of Coldware (COLD)

combination of scalability, security, and decentralization has made it a favorite among both retail traders and institutional investors. The growing interest in Coldware (COLD) has led to an exponential increase in its value, with the token’s presale price increasing by 1300%.

One of the key advantages of Coldware (COLD) over competitors like Pi Network (PI) and Berachain (BERA) is its use-case utility. While Pi Network (PI) has shown immense growth in speculation, Coldware (COLD) is proving its strength in real-world applications, particularly in the decentralized finance (DeFi) space. The layer-1 network provides seamless decentralized lending, staking, and yield farming solutions, which are expected to drive long-term growth.

Berachain (BERA) and Pi Network (PI) Struggling to Keep Up

Although Pi Network (PI) has seen rapid growth over recent months, it continues to be heavily reliant on social media hype and speculative trading. Despite Pi Network’s (PI) increasing market cap, driven by speculation about potential exchange listings and ETF approvals, the project is still in its infancy, with a lack of proven real-world utility. The recent price increase of Pi Coin from under $1 to over $2 has fueled excitement, but many analysts remain skeptical about its ability to maintain long-term value.

Similarly, Berachain (BERA), another Web3 project, is struggling to create a meaningful impact on the blockchain ecosystem. Despite its ambitious goals and backing from notable investors, Berachain (BERA) has faced challenges in building a substantial user base and expanding its ecosystem. The lack of scalability and utility seen in Berachain (BERA) compared to Coldware (COLD) puts it at a disadvantage in the current market.

Why Coldware (COLD) is Surpassing Pi Network (PI) and Berachain (BERA)

The growing demand for utility-driven cryptocurrencies in the DeFi space is the primary reason Coldware (COLD)is outperforming Pi Network (PI) and Berachain (BERA). The market has shifted from speculative-driven tokens to those offering real-world solutions in decentralized finance. Coldware (COLD) is at the forefront of this revolution, making it highly attractive to whales and institutional investors who seek tangible growth opportunities.

One of the key benefits of Coldware (COLD) over its competitors is its scalable blockchain technology. By focusing on a secure and decentralized network, Coldware (COLD) is meeting the demand for more efficient blockchain ecosystems in a way that Pi Network (PI) and Berachain (BERA) are still working to achieve.

Moreover, Coldware (COLD) is gaining traction in DeFi protocols, providing passive income opportunities through staking and liquidity pools, which are essential for attracting serious investors. In comparison, Pi Network (PI) and Berachain (BERA) have not yet delivered the same level of user engagement or system stability.

Market Attention Shifts to Coldware (COLD)

As the market continues to mature, it is becoming clear that projects like Coldware (COLD), with real-world use cases and secure infrastructure, are the future of cryptocurrency. The POS chain technology integrated with Coldware (COLD) sets it apart from the speculative nature of Pi Network (PI) and Berachain (BERA), and it is attracting attention from whales looking for long-term growth.

The shift in market focus towards Coldware (COLD) is indicative of the ongoing evolution in the cryptocurrency market. While meme-driven coins like Pi Network (PI) and Berachain (BERA) may have their place, the future belongs to projects that combine scalability, decentralization, and real-world utility, which Coldware (COLD)delivers in spades.

Conclusion: The Future of Coldware (COLD)

In conclusion, Coldware (COLD) has proven itself as a DeFi leader that is stealing the show, leaving Pi Network (PI) and Berachain (BERA) behind. The demand for secure, decentralized financial solutions continues to rise, and Coldware (COLD) is well-positioned to capitalize on this trend. As the market matures, Coldware (COLD) will continue to attract institutional investors and whales who are seeking long-term growth in a market that is no longer driven by short-term hype.

For more information on the Coldware (COLD) Presale: 

Visit Coldware (COLD)

Join and become a community member: 

https://t.me/coldwarenetwork

The post POS Chain Coldware Steals The Show Leaving Web3 Berachain and Pi Network In The Dust appeared first on Coinpedia Fintech News
The cryptocurrency landscape has been buzzing with significant shifts and developments over the past few weeks. Pi Network (PI), Berachain (BERA), and Coldware (COLD) have all been part of the ongoing crypto evolution. However, as Coldware (COLD) takes center stage, both Pi Network (PI) and Berachain (BERA) seem to be getting left behind, despite their …

XRP News Today: Expert Says XRP Could Drop To 1$ Amid Market Dump And Then Rally to 30$ Ahead of Strategic Reserve

bitcoin-xrp

The post XRP News Today: Expert Says XRP Could Drop To 1$ Amid Market Dump And Then Rally to 30$ Ahead of Strategic Reserve appeared first on Coinpedia Fintech News

XRP is at a turning point, and analysts are split on its next move. Some warn it could drop to $1 if it loses key support at $2, while others believe it could rally to $30 by May 2025, especially with its recent inclusion in strategic reserves.

In parallel, StratoVM ($SVM) had a 347% increase, and as Bitcoin’s DeFi sector grows, StratoVM could help bring smart contracts, AI, and faster transactions to the network.

Here’s a closer look at what’s going on with both projects. 

Will XRP Rebound to $30 After a Drop to $1?

XRP’s price could be in for a dramatic swing. Market expert Ali Martinez warns that if XRP falls below the critical $2 support level, it could tumble by 40%, which would drag its value down to $1. Others share this concern and emphasize that holding above $2 is crucial to prevent a deeper sell-off.

Despite the bearish outlook in the short term, some experts are optimistic. EGRAG CRYPTO believes the token could surge to $30 by May 2025 and cites historical trends and technical patterns. He compares the current market setup to 2017, when XRP consolidated before skyrocketing in price.

One of the key reasons behind this bullish prediction is XRP’s recent inclusion in strategic reserves.

Investors now face a crucial period of uncertainty. If XRP loses its key support, it could drop significantly. But if history repeats itself, a major rebound could happen. 

As of today, XRP is trading at around $2.48, up 4.5% in the last 24 hours. Trading volume has been strong, reaching approximately $9.84 billion over the same period.

StratoVM ($SVM): The Breakthrough Layer-2 That Could Transform Bitcoin Beyond Just Digital Gold

Bitcoin is the go-to asset for storing value, often compared to digital gold. But when it comes to smart contracts, DeFi, and AI applications, it lags behind faster blockchains like Ethereum and Solana. 

That’s where StratoVM ($SVM) could come in—a Layer-2 solution designed to potentially tap into Bitcoin’s potential beyond just being a store of value.

Unlike Ethereum, which powers countless decentralized apps and financial tools, Bitcoin’s functionality has been limited. StratoVM might be able to change that by making Bitcoin transactions faster, integrating DeFi, and enabling AI-powered applications.

SVM’s price has grown over 347% in the last week, hitting $0.2217, according to CoinGecko. Yet, despite this massive jump, its market cap is still at $3.7 million—small compared to projects like CoreDAO ($990 million). This means there’s still a lot of room for growth if more people start using it.

SVM 7-day chart, Source: CoinGecko

Meanwhile, Bitcoin’s DeFi sector (BTCFi) is exploding. In just a year, the total value locked (TVL) in Bitcoin-based DeFi projects has skyrocketed from $307 million to $5.85 billion, according to DefiLlama. With that kind of momentum, demand for Layer-2 solutions like StratoVM could soar.

StratoVM is already gaining traction—it’s listed on Uniswap, and rumors are circling about a centralized exchange (CEX) listing. The project’s testnet is active, with 113,000 wallets and 56,000 daily transactions.

If StratoVM achieves its goal, Bitcoin could break past its traditional role and step into DeFi, smart contracts, and AI.

Final Thoughts

XRP’s next move is uncertain—some expect a drop to $1, while others see a rally to $30. Either way, it’s a crucial time for investors. 

Meanwhile, StratoVM ($SVM) seems to be gaining momentum and showing that Bitcoin can do more than just store value. If it keeps growing, it could help Bitcoin compete in DeFi, smart contracts, and AI. 

Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.

The post XRP News Today: Expert Says XRP Could Drop To 1$ Amid Market Dump And Then Rally to 30$ Ahead of Strategic Reserve appeared first on Coinpedia Fintech News
XRP is at a turning point, and analysts are split on its next move. Some warn it could drop to $1 if it loses key support at $2, while others believe it could rally to $30 by May 2025, especially with its recent inclusion in strategic reserves. In parallel, StratoVM ($SVM) had a 347% increase, …

ENA Price Poised for 25% Rally Despite Whale Dumping

ENA Price Surges 123%, Eyes $0.95 Target with Triangle Breakout?

The post ENA Price Poised for 25% Rally Despite Whale Dumping appeared first on Coinpedia Fintech News

Amid the ongoing market uncertainty, crypto whales are seen offloading Ethena (ENA) tokens. Today, March 6, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have dumped a significant $148 million worth of ENA tokens onto the exchanges in the past 48 hours.

Current Price Momentum

This substantial token movement from wallets to exchanges has the potential to create selling pressure and drive the price lower. However, despite this, the ENA price moved in the opposite direction, registering a gain of over 8% in the past 24 hours and currently trading near $0.38. During the same period, its trading volume surged by 160%, indicating heightened participation from traders and investors compared to the previous day.

$19 Million Worth ENA Outflow

Despite the offloading of 148 million ENA tokens onto exchanges, some investors and long-term holders have been accumulating the tokens, according to on-chain analytics firm Coinglass.

Data from spot inflow/outflow revealed that exchanges have witnessed an outflow of a significant $19 million worth of ENA tokens in the past 48 hours. Such outflows from exchanges indicate potential accumulation amid price drops and could create buying pressure and upside momentum.

Traders Bullish Bet

Besides the mixed sentiments among whales and long-term investors, intraday traders are also supporting this bullish activity. In the past 24 hours, traders have been over-leveraged at $0.362 on the lower side and $0.386 on the upper side.

Data further revealed that $0.362 is a key level where traders have built $5.50 million worth of long positions, while $0.386 is a level where traders have built $2.17 million worth of short positions. These positions at over-leveraged levels indicate that bulls are dominating and could support ENA in an upcoming rally, helping it recover its price.

ENA Technical Analysis and Upcoming Levels

According to expert technical analysis, ENA has successfully retested its crucial support level of $0.345 and now appears to be rallying upward.

Source: Trading View

Based on historical price patterns, if the asset holds this level and closes a daily candle above $0.345, there is a strong possibility it could soar by 25% to reach the $0.50 level in the coming days.

The post ENA Price Poised for 25% Rally Despite Whale Dumping appeared first on Coinpedia Fintech News
Amid the ongoing market uncertainty, crypto whales are seen offloading Ethena (ENA) tokens. Today, March 6, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have dumped a significant $148 million worth of ENA tokens onto the exchanges in the past 48 hours. 148 million #Ethena $ENA have been moved to exchanges …

Whale Pressure Drops as Ethereum Faces Sharp Decline: Here’s the Impact on ETH Price

Ethereum Whale Sells 40,000 ETH as Trading Volume Drops By 14%

The post Whale Pressure Drops as Ethereum Faces Sharp Decline: Here’s the Impact on ETH Price appeared first on Coinpedia Fintech News

Following several announcements regarding tariffs by Donald Trump, the crypto market has faced increased downward volatility. As a result, the price of Ethereum (ETH) dropped below the critical $2,000 mark, leading to a surge in long liquidations. Amid this, various on-chain metrics for Ethereum turned bearish, suggesting a drop in accumulation. However, analysts anticipate a strong rebound in the price of ETH ahead of the upcoming crypto summit.

Whale Pressure Drops Amid ETH’s Dip

Recent data from Coinglass shows equal trading activity as Ethereum remains under the $2,500 mark. In the past 24 hours, Ethereum faced a total liquidation of approximately $47.87 million, with buyers liquidating $28.1 million and sellers closing $19.7 million in short positions.

In the meantime, key investors are utilizing the opportunity to purchase Ethereum at lower prices, especially ahead of the upcoming White House Crypto Summit. Traders are particularly focused on the activity of wallet addresses associated with Trump-endorsed World Liberty Financial (WLF).

Also read: Trump’s WLFI Buys $10M in Ethereum Despite Losses – Here’s Why

According to Arkham Intel, an on-chain intelligence firm, WLF’s wallet has tripled its Ether holdings within just one day. WLF has been actively buying up Ethereum during recent price dips. Reports from Arkham Intel reveal that as of Thursday, WLF holds approximately 7,100 Ethereum tokens, valued at over $80 million. This substantial increase from 2,500 tokens in just 24 hours highlights a strong accumulation strategy.

Data from IntoTheBlock reveals a significant decline in whale activity for Ethereum, coinciding with considerable losses due to Ethereum’s price drop. The count of whale transactions has notably decreased, falling from a high of 13.4K transactions to just 6.46K. Furthermore, there has been a drastic drop in the volume of large transactions, which plummeted from $11 billion to $5.5 billion.

This decline in whale pressure came following a negative trend in large holders’ unrealized profit. CryptoQuant data indicates that ETH whales, specifically those with holdings ranging from 1,000 to 10,000 ETH and from 10,000 to 100,000 ETH, have experienced a shift to negative unrealized profits.

What’s Next for ETH Price?

The ETH price recovered toward $2,300 as it faced buying pressure. However, it failed to surge further as bears strongly defended the resistance level. As of writing, Ethereum price trades at $2,200, dropping over 0.9% in the last 24 hours. 

The ETH/USDT trading pair is struggling to approach the immediate resistance line at $2,530. This level could be a major obstacle as STHs might continue to liquidate here. However, buyers might soon break above that level as demand surges.

If the price holds below the EMA20 trend line on the 1-hour chart, the sellers will likely try to push it back down to $2K.

However, with the RSI level continuing to trade around the midline at level 45, it might trigger a retest of the resistance channel. If the price manages to hold above $2,530, it would favor the buyers. The trading pair could then increase to $2,935.

The post Whale Pressure Drops as Ethereum Faces Sharp Decline: Here’s the Impact on ETH Price appeared first on Coinpedia Fintech News
Following several announcements regarding tariffs by Donald Trump, the crypto market has faced increased downward volatility. As a result, the price of Ethereum (ETH) dropped below the critical $2,000 mark, leading to a surge in long liquidations. Amid this, various on-chain metrics for Ethereum turned bearish, suggesting a drop in accumulation. However, analysts anticipate a …

Altcoin Season Remains Elusive as Market Struggles Amid Trump’s Trade Wars

At the start of 2025, several altcoins surged to new all-time highs. Others climbed to multi-month peaks, riding the wave of the Donald Trump-fueled rally that swept through the crypto market. 

However, Trump’s escalating trade wars and broader macroeconomic unrest have led to a significant downturn in many altcoins, raising questions about the timing of the next altcoin season.

Altcoin Season Slips Further Away

Altcoin season refers to a market cycle in which crypto assets other than Bitcoin significantly outperform BTC in terms of price gains. Many altcoins witness significant price surges during this period, often due to increased investor speculation, capital rotation from BTC into other crypto assets, and bullish sentiment in the market.

This cycle commences when at least 75% of the top 50 altcoins outperform BTC over a three-month period. However, this is far from the reality. The Altcoin Index, which tracks this trend, has plunged to its lowest level since October 2024, signaling continued weakness in the sector. 

Altcoin Index.
Altcoin Index. Source: Blockchain Center

As of this writing, only 24% of top altcoins have outperformed leading crypto Bitcoin over the past 90 days, highlighting its dominance in the current market cycle. This persistent underperformance suggests that an altcoin season may still be far off.

Further reinforcing this bearish outlook, TOTAL2, the metric tracking the total market capitalization of all cryptocurrencies excluding BTC, has remained in a descending parallel channel since the beginning of the year. 

TOTAL2 Price Analysis.
TOTAL2 Price Analysis. Source: TradingView

This pattern signals a sustained downtrend. It is formed when an asset’s price moves between two downward-sloping parallel trendlines, with lower highs and lower lows over time. As of this writing, TOTAL2 is at $1.14 trillion, plummeting by 17% since January 1. 

This decline confirms the lack of strong bullish momentum across the altcoin market, hinting at zero likelihood of an altcoin season kicking off anytime soon.

Bitcoin Dominance Climbs as Market Pullback Deepens

While the market has witnessed a significant pullback recently amid Trump’s trade wars, Bitcoin dominance has continued to increase. An assessment of Bitcoin’s dominance (BTC.D) on a daily chart confirms the same.

Bitcoin Dominance.
Bitcoin Dominance. Source: TradingView

This metric, which measures the percentage of the total cryptocurrency market capitalization that Bitcoin holds, has remained above an ascending trend line since last December. As of this writing, it sits at 61.29%.

If BTC’s dominance remains elevated, it could further delay the prospects of an altcoin season.

The post Altcoin Season Remains Elusive as Market Struggles Amid Trump’s Trade Wars appeared first on BeInCrypto.

Binance Will List RedStone (RED) After Previous Delisting Announcement

Earlier today, RedStone amended the terms of its RED token airdrop without warning, causing Binance to suspend its listing. This caused the price to crash dramatically amidst community feedback, but the project soon responded.

Now, an extra 2% of RED tokens are being airdropped today, and Binance is listing them as normal. The price has rebounded, but community resentment may linger all the same.

RedStone Airdrop Concerns and Binance Listing

RedStone, a DeFi oracle project, has run into some difficulties with its RED token airdrop. Over the past few months, the project became increasingly popular among the crypto community, and received support from leaders in Liquid Staking.

RedStone’s native token RED launched today, and Binance was supposed to list it on launch time.

However, the project claimed at the last minute that the airdrop would be smaller than usual, and Binance refused to list the token.

“Due to unexpected and last minute changes by RedStone to the allocation of their community airdrop distribution, the trading start time for RED will be suspended until further notice. RedStone had originally committed to distribute 9.5% of their total supply to the community via airdrop distribution. The project has now lowered this amount to 5% of the total supply,” it read.

Naturally, RedStone’s announcement caused a huge controversy within the community, which was only compounded by Binance.

Binance is the world’s largest crypto exchange, and its listings have consistently led to huge price spikes for the relevant tokens. For a time, this decision looked like a huge fiasco, leading RedStone supporters to speak out:

“The RedStone airdrop situation is a mess. It looks like 95% of users received nothing, despite years of activity— people who spent 1-2+ years engaging with the project were completely ineligible. I’ve never seen a precedent like this. Every launch like this reinforces [that] there is no real transparency in airdrops, and every mistake like this damages the brand,” one user said.

However, after Binance announced the suspension, RedStone addressed the controversy. The firm responded to community feedback, amending its airdrop plan once again.

5% of RED tokens have already been distributed, and the missing 4.5% will be distributed six months after TGE. Today, 2% will be airdropped on top of that.

Following the amendment, Binance reversed its decision and RED rallied back up, reversing previous losses.

redstone price
RedStone (RED) Price Chart. Source: CoinMarketCap

According to data from both CoinGecko and CoinMarketCap, RED launched at $0.80 today. While it briefly went up to $0.98 after Binance’s re-listing announcement, it’s yet to hit the dollar mark.

Overall, RedStone’s reputation may suffer as a result of this incident, even though it acted quickly to correct the problem.

The post Binance Will List RedStone (RED) After Previous Delisting Announcement appeared first on BeInCrypto.

NY State Bill Defines Civil Fine of Up To $5 Million for Crypto Scams

New York State Representative Clyde Vanel proposed a bill attempting to legislate regulations around crypto scams. The bill defines a wide variety of crypto-related crimes as fraud, but it limits the resultant penalties.

The crypto community has responded positively to the effort, citing the unprecedented torrent of scams. Federal regulators have reduced their crypto enforcement lately, but legislative efforts could pass constructive new statutes.

New York Bill Plans Crypto Regulation

US crypto regulation is in limbo right now, and New York State Representative Clyde Vanel may be able to provide solutions. Since President Trump took office, federal regulators like the SEC have been claiming they don’t have jurisdiction over crypto enforcement and dropping a tranche of lawsuits.

To that end, Vanel proposed a new bill to clarify crypto regulation.

“Any person, partnership, corporation, company, trust or association, developer, or any agent or employee thereof who violates the provisions of this article shall be subject to a civil fine of not more than $5 million or imprisoned not more than twenty years, or both,” it read. These lesser fees apply to individuals, while organizations could face fines of up to $25 million.

Vanel’s crypto regulation bill sets an ambitious task for itself. The section on penalties is fairly boilerplate, but its various statutes define much of the entire Web3 industry.

The bill describes several distinct types of scams, thefts, and other criminal practices, legally defining them as fraud. These definitions don’t just apply to crypto; they also cover NFTs, blockchains, DeFi projects, and more.

Wave of Crypto Scams Continue to Harass the Community

So far, the crypto community has responded favorably to the bill’s proposed regulations. It’s easy to see why, as the community is stuck in an unprecedented wave of scams.

The largest crypto hack ever just happened, social engineering scams are raking in huge amounts, and fake political meme coin scams are being launched by sitting heads of state.

In short, the community is worried that these scams may damage crypto’s credibility. Therefore, a bill to actually hammer out beneficial regulations could be very useful.

Under Biden’s administration, federal regulators led the charge on crypto crimefighting, sparking fears of overreach. Maybe a legislative effort could change these perceptions.

Since Vanel filed this bill in New York, its proposed regulations could have a serious impact if passed. The state is a critical finance hub in the US, and New York-based prosecutors handle some of the biggest crypto crimes.

Vanel’s effort doesn’t even ascribe particularly harsh penalties; it’s more important to legally define these actions as fraud. Case in point, the Southern District of New York sentenced Sam Bankman-Fried to higher fines and jail time than Vanel’s bill would allow.

However, it’s still too early to say whether this bill may pass. The community’s initial reaction was positive, but other opinions may come to light.

Additionally, Vanel introduced this without any cosponsors. The Democrats hold a firm grasp on New York, so Republican cooperation is not necessary, but the bill may still die in committee.

The post NY State Bill Defines Civil Fine of Up To $5 Million for Crypto Scams appeared first on BeInCrypto.

XRP Surges 7% as Golden Cross Signals More Gains

XRP is up more than 7% in the last 24 hours, bringing its market cap near $150 billion. The crypto community is now debating how its inclusion in the US crypto strategic reserve will impact its long-term price action.

Attention is also on the upcoming White House Crypto Summit on March 7, which could play a key role in shaping market sentiment. Whether XRP continues its rally or faces new resistance will depend on these developments and whether technical indicators confirm a sustained uptrend.

XRP DMI Shows Buyers Are Still In Control

XRP’s DMI shows that its ADX is currently at 18.49, down from 36.2 four days ago, indicating that the strength of its trend has weakened significantly.

The +DI (positive directional index) is at 25.1, down from 50, while the -DI (negative directional index) has risen to 14.4 from 9.3.

This shift suggests that bullish momentum has faded while selling pressure has slightly increased, making it harder for XRP to establish a strong uptrend.

XRP DMI.
XRP DMI. Source: TradingView.

The Average Directional Index (ADX) measures trend strength on a scale from 0 to 100, with readings above 25 signaling a strong trend and values below 20 indicating weak or nonexistent momentum.

XRP’s ADX at 18.49 suggests that its current attempt to form an uptrend lacks strength. The declining +DI shows buyers could be losing control, while the rising -DI indicates sellers are gaining ground.

If this trend continues, XRP may struggle to sustain an upward move, but if ADX picks up again and +DI rebounds, bullish momentum could return.

XRP Active Addresses Just Hit A New All-Time High

XRP’s 7-day active addresses have surged to 1.16 million, marking their highest level ever.

This sharp increase comes after the metric stood at just 236,000 on February 27, indicating a significant rise in network activity over the past few days.

Tracking active addresses is important because it reflects user engagement, transaction activity, and overall demand for a cryptocurrency.

7-Day XRP Active Addresses.
7-Day XRP Active Addresses. Source: Santiment.

A rising number of active addresses often signals increased adoption and interest, which can support price growth. Despite the crypto community questioning whether XRP should be included in the US crypto strategic reserve, this spike in activity suggests strong network participation.

If this trend continues, it could help sustain bullish momentum for XRP, potentially driving prices higher.

Will A Golden Cross Make XRP Surge Soon?

XRP’s EMA lines indicate that a golden cross could form soon, as short-term moving averages continue to rise. If this bullish signal materializes, XRP price could test resistance at $2.74, with a breakout potentially sending the price to $2.99 and even $3.15.

However, this will depend on key developments, including the next steps regarding the US crypto strategic reserve and potential announcements at the White House Crypto Summit on March 7.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView.

Tracy Jin, COO of MEXC, told BeInCrypto:

“The approach to establishing strategic reserves is contentious and may require either an executive order or Congressional authorization, potentially undermining long-term policy stability. While Trump’s initiatives are expected to boost market confidence and attract institutional investments in the short term, uncertainties remain over policy effectiveness, Congressional support, and international market reactions in the medium to long term. Investors should monitor these developments closely and adjust their strategies accordingly.”

On the other hand, if it fails to build an uptrend and selling pressure increases, it could test support at $2.50, with a further drop potentially pushing it to $2.33.

A stronger downtrend could drive prices to $2.06 or even below $2, testing $1.95.

The post XRP Surges 7% as Golden Cross Signals More Gains appeared first on BeInCrypto.

Onyxcoin (XCN) Prepares for a Potential Rebound After 50% Correction

Onyxcoin (XCN) lost over 50% in February after a massive rally of nearly 2,000% between January 13 and January 26. Despite the ongoing decline, its recent indicators show mixed signals. RSI has stayed neutral for the past nine days, and ADX is pointing to a weakening downtrend.

XCN is currently trading between resistance at $0.017 and support at $0.0143, with EMA lines still reflecting a bearish trend. Whether the price moves higher or lower will depend on whether momentum returns or if selling pressure continues to push XCN toward lower support levels.

XCN RSI Has Been Neutral For 9 Days

Onyxcoin has an RSI of 43.2, down from its recent high of 68.9 on March 2.

Since yesterday, it has been fluctuating between 45 and 46, maintaining a neutral position without clear upward or downward momentum.

RSI, or the Relative Strength Index, is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100.

XCN RSI.
XCN RSI. Source: TradingView.

Readings above 70 indicate overbought conditions, suggesting a potential pullback, while readings below 30 signal oversold conditions, which could precede a rebound.

With XCN’s RSI at 43.2, the asset remains in neutral territory, where it has been since February 25.

A move above 50 could indicate growing bullish momentum, while a drop toward 30 may signal increasing selling pressure.

Onyxcoin ADX Shows the Downtrend Is Losing Steam

XCN’s ADX is 16.8, down from 36.6 three days ago, indicating a steady decline in trend strength. This drop suggests weakening momentum, aligning with XCN’s recent downtrend over the past few days.

The Average Directional Index (ADX) measures the strength of a trend on a scale from 0 to 100.

XCN ADX.
XCN ADX. Source: TradingView.

Readings above 25 typically indicate a strong trend, while values below 20 suggest weak or nonexistent trend momentum. With XCN’s ADX at 16.8, the current downtrend lacks strong conviction, meaning further downside may be limited unless momentum picks up again.

If ADX continues to decline, XCN could move into a consolidation phase rather than a sustained downward move.

Onyxcoin Could Fall Below $0.014 Soon

After a historical surge in January, when XCN was one of the best-performing altcoins in the market, Onyxcoin’s price is now trading between resistance at $0.017 and support at $0.0143. Its EMA lines show a bearish trend as short-term EMAs remain below long-term ones.

If the ongoing downtrend continues, XCN could test the $0.0143 support level, and a break below that could push the price further down to $0.0134.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView.

However, ADX indicates that the downtrend is weakening, which could open the door for a reversal.

If buying momentum returns, Onyxcoin could test resistance at $0.017, and a breakout above that level could send the price toward $0.022. A stronger recovery, similar to its momentum in January, could push XCN as high as $0.0264.

The post Onyxcoin (XCN) Prepares for a Potential Rebound After 50% Correction appeared first on BeInCrypto.

Crypto Czar Reveals How Much The US Has Lost From Bitcoin Sales

Crypto Czar Reveals How Much The US Has Lost From Bitcoin Sales

After a spree of enforcement actions against criminal activity, the US stacked an impressive amount of Bitcoin over ten years. Crypto Czar David Sacks argues that selling the confiscated Bitcoins for a pittance has cost US taxpayers a fortune ahead of the planned Crypto Strategic Reserve.

America Could Have Gained $17 Billion From Hodling Its Seized BTC, Says Crypto Czar

Crypto Czar David Sacks has criticized previous administrations of the US government for selling off seized Bitcoins. According to Sacks, the value of the disposed assets is now worth a large fortune that could benefit US taxpayers.

In a post on X, Sacks disclosed that the US sold nearly 195,000 BTC over ten years for only $366 million. He argues if the federal government did not sell the Bitcoins, the assets would have been worth over $17 billion as Bitcoin eyes $100,000.

“If the government had held the bitcoin, it would be worth over $17 billion today,” said Sacks. “That’s how much it has cost American taxpayers not to have a long-term strategy.”

The US government’s BTC holdings came from busting criminal activities on the deep web with the Silk Road seizures topping the list. At the time, US authorities confiscated nearly 170,000 in a single bust from Silk Road founder Ross Ulbritch in 2013.

In 2020, authorities seized an additional 69,370 BTC and an additional 50,000 BTC associated with the Silk Road project.

US Authorities Sold Confiscated Bitcoins In Droves

The U.S. Marshalls Service (USMS) holds the confiscated BTC and organizes auctions for the sale of the assets. The Department of Justice (DoJ) has approved several BTC auctions drawing criticisms from several quarters over the handling of sales.

The last sale occurred barely 10 days before new President Donald Trump assumed office amid whispers of a national Bitcoin Strategic Reserve for the US. President Trump has announced a Crypto Strategic Reserve tapping Bitcoin and a slew of altcoins to bolster holdings.

“This isn’t just mismanagement. It’s theft from American taxpayers,” said Jane Adams on X. Imagine what could’ve been done with that wealth if only they had a clue about long-term strategy.”

As the government inches toward a Bitcoin reserve, the sale of confiscated Bitcoins will be a rarity in the US. Furthermore, the US may earmark a portion of its budget to scoop Bitcoins following high-level discussions in Friday’s White House Crypto Summit.

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