Category: News

As CoinGecko celebrates its 11th anniversary, the company is marking the milestone with a fresh new look and an eye on the future. 

At Paris Blockchain Week, BeInCrypto sat down with Aimann Faiz, Head of Business Development at CoinGecko, to discuss the platform’s rebranding, evolving business model, and the state of the crypto market.

CoinGecko’s 2025 Rebranding 

April 7 marked the 11th anniversary of CoinGecko. It was 11 years ago that our co-founders TM Lee and Bobby Ong started CoinGecko as a side project. 

After 11 years, the market has grown a lot, and so have we, so we wanted to do our branding to reflect better who we are today and where we’re headed

The rebrand reflects our evolution as a company—we’ve introduced new products, expanded our reach, and felt it was the right time to rebrand as well as emphasize our core brand pillars: trustworthiness, ease of use, and empowerment. 

As part of the rebranding, we want to reinforce the key message to our users that CoinGecko is your crypto companion.

Moreover, I’ve been with the company for six years. The Gecko has also always scared me a little bit. So now it’s a lot friendlier.

We have two products: CoinGecko and GeckoTerminal. The two products also have their own mascots that are aligned with the two brands.

As for the rebranding, it’s more than just a refresh of our logos. If you look at it, it’s a bit sleeker now. We look a lot younger, more trendy, and… less geeky.  

It solidifies the fact that in 11 years, we’ve grown from what was a side project to something that’s trusted by millions of users

The rebranding doesn’t affect the business itself. The business remains the same. We focus on the marketing services that we extend to our clients and our API business.

All About CoinGecko’s Business Model

We attract many crypto enthusiasts to our website. Our business model is to capture the value from all visitors—we monetize this through banner ads, buttons, and content. 

We were inspired by BeInCrypto’s editorial content. At the same time, we also offer a crypto API service.

All the data, prices, and information about tokens on CoinGecko and GeckoTerminal are made available via the CoinGecko API. 

If you were attending Paris Blockchain Week, I dare say that our API powers 20-30% of the projects there. 

GeckoTerminal: Playground for Degens?

GeckoTerminal is our DEX aggregator, designed to serve a very different audience compared to CoinGecko. The tokens that you see on CoinGecko are curated. They go through an extensive evaluation and listing process.

On GeckoTerminal, we track data on-chain. While CoinGecko lists around 15,000 carefully curated tokens, GeckoTerminal dives straight into the on-chain world, currently tracking over 6 million tokens. 

It appeals to different types of users – GeckoTerminal is more for degens. Even the mascot reflects that energy—his name is Rex, and he proudly sports eyebags from too many late-night trading sessions.

The Future of Crypto and Mainstream Acceptance

We believe in a future where everything and anything will be tokenized.

The industry is now in very exciting times, especially with everything that’s happening in the United States, including Donald Trump coming into play and the US establishing a Strategic Bitcoin Reserve.

The industry always talked about mass adoption, and I personally think we’re at the cusp of that.

Also, I believe we’re on the right track towards onboarding the first billion crypto users. Sure, we’re going through a bit of a rough patch right now, but you have to go through the bad to get to the good. 

When I first entered the industry in 2019, Bitcoin was hovering around $8,000. Today, you’re looking at nearly a 1,000% return. That’s the beauty of it.

Funny story—when my family used to ask what I did, I’d hesitate to say I worked in crypto because of the negative stereotypes. It was always, ‘Oh, you’re in crypto? You must be some kind of scammer.’ But now, with more regulatory clarity coming in—whether that’s good or bad—it’s suddenly respectable. 

My family is like, ‘Oh, okay, you’re in crypto!’ Even my siblings, who once looked down on it, are now in the industry. 

I remember the first time they asked me to recommend a good hardware wallet – that was a proud moment, and I’ve actually got them Ledger wallets. 

It’s a real sign of the times, and I’m genuinely excited to see where things go in the next year—or the next five.

The Recent Market Turmoil

I’m a conservative investor, and I like it when things are red; it’s a signal that it’s time to buy. It’s the discount season. I was sharing with someone earlier that I think it’s all about your time horizons. If you’re looking at short-term gains, then yes, it can feel scary.

But I take the long view. Just look at how far we’ve come in the past six years—Bitcoin went from $8,000 to an all-time high of $107,000, Ethereum from around $150 to $4,800. 

The key thing is not to get greedy. Believe in the bigger picture and the future this industry is building.

Reflecting on Paris Blockchain Week 

This is our first time setting up a booth at a conference, so it’s very exciting and nerve-wracking. What makes it even more special is that it coincides with our anniversary and rebranding—so the timing couldn’t be better. 

It feels like the perfect moment to share our refreshed identity with the world.

More importantly, meeting our users, getting their feedback, and hearing what we can do better are incredibly valuable for us. We’re always building, but we want to make sure we’re building in the right direction. 

Many of the projects here are already our clients, but because Web3 allows us to work from anywhere, we often don’t get to meet in person. That makes events like this even more special. 

For instance, I just met Alena from BeInCrypto for the first time—even though we’ve worked together for six years! This is essentially about taking advantage of an opportunity to connect with our partners and friends. 

The post CoinGecko Turns 11: Aimann Faiz Talks Rebrand, Business Model, and Market Outlook appeared first on BeInCrypto.

Ripple has identified a critical supply chain attack on the XRP Ledger. This vulnerability doesn’t impact the entire Ledger, only DeFi wallets using the official xrpl.js package from NPM (Node Package Manager).

It’s unclear how much user money was compromised in this sophisticated attack, but Ripple claims that it deprecated the compromised packages. Several major DeFi wallets didn’t download this package, and no huge thefts have been reported yet.

Security Breach on the XRP Ledger

This XRPL breach was first identified by Aikido, a blockchain security firm. It found five suspicious updates to the xrpls.js package on Ripple’s NPM.

This is Ripple’s official software development kit, featuring more than 140,000 downloads weekly. Hackers installed a sophisticated backdoor into this package, enabling private key theft and wallet access.

A breach of this nature represents a dire threat to XRP, to the extent that Ripple CTO David Schwartz posted official warnings about it. Mayukha Vadari, a senior software engineer with the firm, also went into greater detail about the nature of this vulnerability.

The XRP Ledger itself is unaffected by this. The malware packages only affect services that use xrpl.js and upgraded to the malicious versions that were published less than 24 hours ago. Github remains safe, only npm was compromised.

Please avoid using any services that have… https://t.co/ySWcl50Pmf

— Mayukha Vadari (@msvadari) April 22, 2025

At first, this might seem like a small issue, as the breach didn’t directly harm the XRP Ledger (XRPL). However, this hack was propagated through Ripple’s official channels, exposing many users to harm.

To get a sense of the scale, DeFi wallets on XRPL currently hold about $80 million in user deposits. Accessing a tiny chunk of this sum would indeed be a huge theft.

NPM is the distribution system, and compromising a high-trust package in it creates a powerful attack vector—a supply chain attack targeting developers and infrastructure rather than end-users directly.

A compromised NPM package can affect thousands of apps. When an attacker injects malicious code, like a backdoor, into a popular NPM package, any application or developer that installs or updates that package unknowingly introduces the malware into its own environment.

The XRP Ledger Foundation confirmed that several major DeFi wallets were not exposed and further stated that it deprecated the compromised xrpl.js versions. It also plans to publish a full postmortem analysis.

Also, hackers managed to compromise the official library for DeFi protocols that wish to interact with XRP. A sophisticated operation like that could have consequences.

The post Hackers Target Ripple’s XRP Ledger in a Critical Supply Chain Attack appeared first on BeInCrypto.

Hedera (HBAR) is up more than 6% in the last 24 hours, showing renewed signs of strength across multiple technical indicators. Momentum is building, with the DMI suggesting buyers are starting to take control and the Ichimoku Cloud showing a clean bullish structure.

A potential golden cross on the EMA lines could further fuel the uptrend, opening the door for a breakout above $0.178 and possibly even $0.20. With sentiment improving and resistance levels in sight, HBAR is positioning itself for a key move after weeks of consolidation.

Hedera Signals a Potential Shift as Buyers Regain Momentum

Hedera’s Directional Movement Index (DMI) is showing early signs of momentum building, with its ADX rising to 16.27, up from 13.54 two days ago.

The ADX (Average Directional Index) measures the strength of a trend, regardless of direction. Readings below 20 indicate a weak or sideways market, while values above 25 suggest a strong and sustained trend is forming.

With the ADX still under 20, HBAR isn’t trending strongly yet, but the recent increase points to a potential shift in momentum.

The +DI (positive directional indicator) is currently at 22.6 — up from 14.19 two days ago, though slightly down from 26.17 yesterday, and rebounding from 17.8 earlier today.

This shows buying pressure has picked up recently, even if there’s short-term fluctuation. Meanwhile, the -DI (negative directional indicator) has dropped to 13.24 from 17.54 yesterday, signaling weakening selling pressure.

Together, these movements suggest bulls are starting to take control, and if the ADX continues to rise above 20, it could confirm a strengthening uptrend for HBAR.

Hedera Maintains Bullish Momentum as Trend Structure Holds Firm

Hedera’s Ichimoku Cloud chart is currently flashing strong bullish signals. Price action is well above the Kumo (cloud), which indicates clear upward momentum.

The cloud has transitioned from red to green, signaling a shift in sentiment from bearish to bullish.

This transition often suggests that the current trend could sustain if no significant reversal emerges.

The Tenkan-sen (blue line) is positioned above the Kijun-sen (red line), reinforcing a short-term bullish bias. Additionally, the future cloud is sloping upward, hinting at continued strength ahead.

The Chikou Span (green lagging line) is also above the price candles and cloud, further confirming the alignment of all Ichimoku elements in favor of the bulls.

Unless the price breaks down below the Tenkan-sen or the cloud itself, the outlook remains positive.

Hedera Eyes $0.20 Breakout as Golden Cross Nears

Hedera’s EMA lines are showing signs of convergence, indicating that a golden cross could form soon — a classic bullish signal. If that happens, HBAR could break the resistance at $0.178, and if the uptrend continues, it may climb to test $0.20.

Should bullish momentum fully return, Hedera price could rise toward $0.258, marking its first move above $0.25 since early March.

On the downside, if HBAR fails to build momentum, it could retest support at $0.153.

A break below that level would weaken the structure and open the door to further losses, with $0.124 as the next major support.

The post Hedera (HBAR) Could Be Ready For A Rally According To These Indicators appeared first on BeInCrypto.

Jay Clayton, Trump’s next pick for the SDNY’s US Attorney, originally filed the SEC’s lawsuit against Ripple. Clayton promised to end crypto crackdowns at the SDNY but personally started one of the most notorious incidents.

Trump is also planning to use a procedural loophole to avoid a messy confirmation process, which Senator Chuck Schumer swore to block. This incident raises questions about the quality of crypto’s new political allies.

Jay Clayton and the Ripple Lawsuit

President Trump has sworn to promulgate friendlier crypto regulations, and part of that has been directing prosecutors to end enforcement actions.

He originally tapped Jay Clayton for this role in November, and he actually became Acting Attorney today. There’s just one concern — Jay Clayton initially filed the SEC’s action against Ripple.

The SEC vs Ripple case is considered a landmark action of the Gensler era, but Clayton actually initiated the suit. Clayton served as the SEC’s Chair from 2017 to 2020, and he resigned more than six months before his term limit.

He filed the SEC suit on December 22 and resigned the very next day in what the company called a “parting shot.”

A few years later, Clayton’s on the other side of government crypto crackdowns. When Trump first tapped him for the role last November, a spokesman claimed that the office would cease crypto enforcement actions.

In 2023, Clayton made televised interview appearances criticizing Gensler’s crackdowns, which infuriated Ripple CEO Brad Garlinghouse.

Watching this clip makes my blood boil.

The hypocrisy is shocking. @CNBC @SquawkCNBC should be calling him out for the bullshit.

(As a reminder, jay clayton brought the case against ripple, me and Chris Larsen. And left the building the next day).

— Brad Garlinghouse (@bgarlinghouse) October 28, 2023

Further Controversy In the Confirmation Process

Today, no representatives from Ripple commented on Clayton’s new role, but it is likely to ruffle feathers all the same. Specifically, the process to get a nominee confirmed by the Senate can be grueling.

Trump offered Paul Atkins the position of SEC Chair almost five months ago, but he only took his seat yesterday. He’s using a new strategy with Clayton.

According to local media, Trump named Clayton the Acting SDNY US Attorney, intending him to occupy the permanent role. Trump first nominated him last week, and Senate Minority Leader Chuck Schumer vowed to block his confirmation.

Schumer claimed Clayton “has no fidelity to the law.”

Regardless, Clayton doesn’t need a confirmation vote to become Acting US Attorney, and he probably won’t need one. If the Senate won’t confirm him in 120 days, judges in the SDNY can appoint him until a nominee gets confirmed.

Trump doesn’t actually need to nominate anyone else, and Clayton could serve a regular term.

This is a very illustrative example of how much political power crypto has gained. Jay Clayton, the man who literally initiated the Ripple suit, will work against future enforcement. And yet, this doesn’t seem like an unambiguous good.

How much can the industry truly rely on its former enemies? How many of crypto’s friends today would gladly join a crackdown tomorrow? These are just some of the concerns among the crypto community.

The post Trump Appoints Ex-SEC Chair Behind the XRP Lawsuit as New SDNY Attorney appeared first on BeInCrypto.

Ethereum (ETH) is under pressure as it attempts to recover from one of its worst-performing years among major cryptocurrencies, down nearly 50% in 2025. Despite signs of improving momentum, with RSI climbing and EMA lines hinting at a potential breakout, ETH continues to lag behind competitors like Solana in multiple metrics.

The ETH/BTC ratio has plunged to multi-year lows amid heavy institutional sell-offs. As ETH approaches key resistance, the market remains divided, with bulls eyeing a breakout and skeptics questioning the chain’s long-term relevance.

Ethereum Becomes 2025’s Worst Performer Among Top 5 Cryptos

Ethereum is currently the worst-performing major crypto asset in 2025, with its price down nearly 51% year-to-date, significantly underperforming Bitcoin (-5 %), Solana (-25.5 %), BNB (-13.5 %), and even XRP, which is up 1%.

This steep underperformance has sparked growing concerns about Ethereum’s future, especially as alternative chains like Solana and Base continue to gain momentum.

Solana is now leading the sector in key on-chain metrics such as DEX volume, apps revenue, and user activity, while Base is quickly capturing developer interest.

As these competitors rise, Ethereum’s dominance is being increasingly challenged across both narrative and usage, with some analysts even suggesting that XRP’s market cap could soon surpass Ethereum’s.

The ETH/BTC ratio has collapsed to 0.01791 — its lowest point since 2020 — highlighting the scale of Ethereum’s decline relative to Bitcoin.

This drop has been accelerated by major sell-offs from institutions, including Galaxy Digital, which offloaded over $100 million in ETH in just one week. The Ethereum Foundation and Paradigm have also made large-scale transfers, contributing to investor unease. Additionally, Solana recently surpassed Ethereum in Staking Market Cap.

Compounding the issue are Ethereum’s low staking rates and Bitcoin’s growing dominance, both of which are shifting market sentiment and capital away from ETH.

As a result, Ethereum’s position as the leading smart contract platform is being questioned more seriously than ever before.

Ethereum Shows Signs of Recovery, But Momentum Remains Capped

Ethereum’s Relative Strength Index (RSI) has climbed to 57.26, up from 42.43 just a day ago, signaling a notable uptick in short-term momentum.

The RSI is a technical indicator that measures the speed and magnitude of recent price changes to evaluate whether an asset is overbought or oversold. It ranges from 0 to 100, with values above 70 typically indicating overbought conditions and values below 30 pointing to oversold levels.

Readings between 50 and 70 usually suggest moderate bullish momentum, while those between 30 and 50 lean bearish or neutral.

With ETH’s RSI now at 57.26, the asset is in bullish-neutral territory. It shows improving momentum but is not yet strong enough to indicate overheating.

Importantly, Ethereum hasn’t seen an RSI reading above 70 since March 24 — nearly a month ago — which signals that despite the recent bounce, it hasn’t entered overbought territory or shown signs of a sustained breakout.

This suggests cautious optimism: while buyers are regaining control, Ethereum still lacks the aggressive momentum that typically drives significant price rallies. If the RSI continues to rise and breaks above 70, it could point to stronger bullish sentiment returning.

Ethereum Battles Resistance as Market Questions Its Future

Ethereum’s EMA lines are starting to show signs of a potential bullish reversal. The price is now approaching a key resistance level at $1,669. If that level breaks, Ethereum price could target $1,749 next.

With strong momentum, it may even reach $1,954 — its first time above $1,900 since April 2. Short-term EMAs are moving closer to longer-term ones, a setup that supports this bullish outlook. Rising trading volume would further strengthen the case.

A successful breakout could help restore some investor confidence amid a challenging year for ETH.

However, skepticism around Ethereum’s long-term positioning continues to grow within the crypto community, particularly as rival chains gain traction.

If ETH fails to maintain upward momentum, it could retest the $1,535 support zone. A breakdown below that level would shift the structure back to bearish, opening downside targets at $1,412 and potentially $1,385.

In that scenario, Ethereum’s inability to reclaim key levels could further fuel doubts about its competitive edge, especially in light of rising activity on faster and cheaper alternatives.

The post Ethereum (ETH) Underperforms All Top 5 Major Cryptos in Brutal 2025 Downtrend appeared first on BeInCrypto.

AI coins like HOLLY, PROMPT, and DSYNC have seen notable Smart Money accumulation in recent weeks. Over the past few weeks, these three projects have stood out in on-chain activity.

Specifically, HOLLY brings visual storytelling to blockchain, PROMPT powers AI interactions across chains, and DSYNC focuses on AI and DePIN infrastructure. Despite contract risks flagged by GoPlus Security, these AI coins show rising adoption, strong trading activity, and expanding holder bases.

h011yw00d by Virtuals (HOLLY)

HOLLY, short for h011yw00d, is an AI-powered cinematic agent that turns internet conversations into short visual films. Unlike traditional formats, it tells stories without dialogue or captions, using only visuals to express emotion and narrative. As a result, the project offers a new way to interpret online interactions through AI filmmaking.

The team launched HOLLY four days ago on the Base chain. Since then, it has reached a market cap of $1.2 million and gathered over 48,000 holders.

According to Nansen, the number of Smart Money wallets holding HOLLY increased from 5 to 10 since April 18. Together, these wallets now hold around 13.4 million tokens. Additionally, the team launched the token via the Virtuals Protocol platform, one of the biggest players in the crypto AI agents space.

One of HOLLY’s top holders uses a wallet that Nansen, an on-chain analytics platform, labeled as linked to LongHash Ventures. Meanwhile, GoPlus Security, a crypto security firm, points out two key risks: the team can modify HOLLY’s tax, and they didn’t renounce ownership—both important factors for traders to monitor.

PROMPT

PROMPT is the native token of Wayfinder, an omni-chain tool designed to enable AI systems to operate across blockchain environments.

Wayfinder aims to create new methods for machine intelligence to interact with decentralized networks, facilitating more advanced on-chain AI integrations. PROMPT serves as the core asset within this ecosystem, supporting the platform’s operations and functionality.

Between April 9 and April 14, Smart Money wallets holding PROMPT jumped from zero to 20. That number has stayed the same for the past eight days.

PROMPT runs on the Ethereum blockchain. It has around 5,600 holders, a market cap of $53 million, and a daily trading volume of $706,000.

GoPlus Security flagged two risks. The team didn’t renounce ownership, and the contract allows new tokens to be minted. That could increase supply and push the price down.

Destra Network (DSYNC)

Among emerging AI coins, Destra Network positions itself as a decentralized solution for DePIN (Decentralized Physical Infrastructure Networks) and AI computing, aiming to streamline access to these technologies through a unified platform.

Currently, DSYNC has a market cap of $140 million and is held by over 48,000 wallets.

Since April 1, the number of Smart Money wallets holding DSYNC has grown from 41 to 44, and the token has seen a price increase of more than 13% in the past 24 hours. Over the same period, its trading volume reached $455,000.

According to GoPlus Security, DSYNC has two points of caution: the contract’s tax settings can be modified, and the token’s ownership has not been renounced—factors that could pose risks depending on future changes to the contract.

The post Top 3 AI Coins Smart Money Wallets Are Buying For the Last Week of April appeared first on BeInCrypto.

The European Central Bank (ECB) and European Commission are having a public dispute over MiCA and stablecoin regulation. The ECB believes that restrictions aren’t harsh enough, fearing US firms dominating the market.

The Commission disputed the ECB’s fears, alleging that it’s building up stablecoin-related fears to promote a controversial digital euro program. There are already signs of European irrelevance to Web3, and more restrictions likely wouldn’t help.

ECB Thinks MiCA is Too Lenient

MiCA only took effect four months ago, but the ECB is already having serious second thoughts. According to a recent report, it is concerned about the relative competitiveness of USD stablecoins, which may take over the European market.

As one commentator, Mikko Ohtamaa, put it, it has good reasons to worry about the future:

“The EU had the first mover advantage with the regulation and they screwed it up. No EU stablecoin is internationally competitive because the inherited business unfriendliness that was baked into the MiCA by the lobbying efforts of banks and other legacy financial institutions,” he claimed via social media.

Since the EU first approached the topic of stablecoin regulations, it has profoundly impacted the region’s market. After MiCA took effect, Tether left the European market altogether.

Most recently, Ethena Labs, too, pulled out of Europe after failing to get MiCA approval. These firms had no such problems in the US.

In an interesting twist, the ECB’s concern is not that MiCA is too harsh, thereby preventing innovation. As Politico claimed, it instead worries that existing regulations aren’t strong enough.

Instead, it acknowledged President Trump’s stated goal to use stablecoins to promote dollar dominance and fears that US assets could flood European markets. It wants to fight back head-on.

This is at the heart of the controversy between these EU institutions. The European Commission reacted with hostility to the ECB’s proposed MiCA changes.

Apparently, the Commission claimed that some of its specific concerns were “nonsense,” and suggested that it was merely continuing to push for the controversial digital euro.

That is, it seems that most EU institutions are satisfied with existing stablecoin regulations. Besides, if the ECB gets its proposed MiCA reforms, would that even matter?

The crypto markets reacted with shocking ambivalence to its recent rate cuts. Europe is in danger of falling behind in the global Web3 economy, and more restrictions aren’t likely to help.

The post ECB Wants to Change MiCA Rules, Citing Risks from Trump’s Pro-Crypto Shift appeared first on BeInCrypto.

Both Bitcoin and the stock markets surged today after Treasury Secretary Scott Bessent allegedly suggested that tariffs with China will be eased. This is the second time in a month that tariff rumors led to a market rally.

However, TradFi market hype began deflating without the White House assuring a pause, while Bitcoin remained steady. This could prove a useful data point that Bitcoin is decoupling from the stock market after previous correlation.

Bessent’s Tariff Comments Spur Market Pump

Trump’s tariffs have caused a lot of economic chaos, and the uncertainty is arguably having the worst impact on markets. Two weeks ago, false rumors of a tariff pause caused markets to pump, followed by a real pause announcement.

Today, a Bloomberg report claims that Scott Bessent believes that the US will de-escalate proposed China tariffs.

“The next steps with China are, no one thinks the current status quo is sustainable at 145 and 125 [percent]. So I would posit that over the very near future, there will be a de-escalation. And I think that that should give the world, the markets, a sigh of relief… We have an embargo now, on both sides, right?” one source claimed Bessent said.

Immediately after this rumor began circulating, Bitcoin’s price began rising alongside traditional stocks. The Dow Jones rebounded 1,000 points, the S&P 500 went up by 500, and Nasdaq rose 3%.

Together, these factors created a fresh degree of market optimism.

Bessent, a longtime crypto advocate, has been more ambivalent than other cabinet members like Peter Navarro or Howard Lutnick regarding tariffs.

Additionally, regardless of his personal beliefs, he has no actual authority to change Trump’s decision. After a period of relief, TradFi stocks began to fall once again.

There are two interesting takeaways from this. First of all, two weeks ago, the stock market fell after the White House officially denied pause rumors. Today, however, there hasn’t been any official response to Bessent’s tariff comments.

Nonetheless, traditional markets still fell, while BTC remained steady above $91,000 and the overall crypto market cap hit $2.96 trillion.

Does this data give credence to the notion that Bitcoin will be safe during a recession? It’s hard to say so far. If it rises alongside bullish macroeconomic developments but remains stable during bearish ones, that seems too good to be true.

Still, it’s subject to very different concerns from TradFi. Investors should closely examine further tariff rumors in the future.

The post US-China Tariff De-Escalation Rumors Drive Crypto Market Toward $3 Trillion appeared first on BeInCrypto.

XRP has been consolidating over the last few days, managing to stay above the $2 mark. However, after validating a four-month-long downtrend earlier this month, the altcoin is struggling to sustain its current position. 

As investor interest wanes, XRP may face challenges in maintaining upward momentum.

XRP Is Losing Investors’ Interest

New addresses associated with XRP have hit a 5-month low, signaling a decline in new investor interest. This suggests that XRP is losing traction within the market as fresh capital fails to flow into the asset. The absence of new buyers could make it difficult for XRP to maintain its position above $2.

The falling demand is concerning as XRP’s price growth is often supported by new market participants. With fewer investors entering the market, the altcoin may face a prolonged period of stagnation. Unless there is a shift in demand, XRP’s ability to maintain its price level could be compromised.

The overall macro momentum for XRP remains weak, as reflected by technical indicators like the RSI. Currently stuck below the neutral line of 50.0, the RSI suggests that XRP is still in the bearish zone. This indicates a lack of bullish momentum, which could prevent the altcoin from seeing any significant rallies in the near term.

In addition, the broader market sentiment continues to be bearish, which further impacts XRP’s potential for recovery. Unless the market turns around or the altcoin finds new sources of demand, XRP’s price will likely remain suppressed.

XRP Price Faces Correction

XRP’s price is currently at $2.10, holding above the $2.02 support level but facing resistance at $2.16. The ongoing downtrend that has persisted since the beginning of the year continues to weigh heavily on the altcoin. If the price fails to break through the resistance level, XRP may try to push higher.

The current market conditions could prevent XRP from surpassing $2.16. However, if the price loses the $2.02 support, it may drop to the next support level of $1.94. Should this happen, the altcoin could experience a more significant decline, potentially reaching as low as $1.79.

Alternatively, if XRP manages to breach the $2.16 resistance, it could rally towards $2.27. With a change in investor sentiment and market conditions, this could propel the altcoin to $2.40, invalidating the bearish outlook.

The post XRP Demand Falls To 5-Month Low, Yet Price Continues To Hold Above $2 appeared first on BeInCrypto.

Cronos rallied 10% after Crypto.com announced a partnership with Trump Media to create new altcoin ETFs. Today’s announcement is a binding agreement that builds on earlier relationships.

​CRO is the native cryptocurrency of the Cronos blockchain, developed by Crypto.com. It serves as a utility token within the Crypto.com ecosystem, facilitating various functions such as staking, transaction fee payments, and accessing benefits across the exchange’s services.​

Crypto.com and Trump Media Officially Partner

Last month, Crypto.com announced a non-binding partnership with Trump Media. This saw increasing market interest in the token, but also attracted harsh criticism.

Specifically, the firm re-issued 70 billion CRO tokens that were “permanently burned” in 2021. The two companies just announced a binding agreement, but it caused smaller gains:

This new agreement between Crypto.com and Trump Media seems substantially similar to the last one. The two firms committed to launching new ETFs based on unspecified digital assets and “securities with a Made in America focus,” specifically mentioning energy firms.

Crypto.com has expressed interest in a CRO ETF, making it a likely target for this partnership.

“Crypto.com is the leading platform to bridge crypto and traditional finance, and this agreement is a testament to those capabilities. This partnership gives the Trump Media ETFs global distribution powered by the Crypto.com platform. It’s a win for Trump Media, Crypto.com, CRO, and Yorkville America Digital,” said Kris Marszalek, Co-Founder and CEO of Crypto.com.

On the surface level, it may look like SEC approval is the largest hurdle facing Trump Media and Crypto.com. The Commission has been flooded with applications since Trump took office, but no new altcoin ETFs have been approved yet.

As a report from yesterday alleged, various crypto firms have received tangible regulatory breakthroughs since donating to Trump’s Inauguration.

Several firms (including Crypto.com) had SEC investigations closed, while others, like Galaxy Digital, got the Commission’s approval for key business ventures.

Of course, Trump’s Presidency has promised a sweeping tide of pro-crypto regulations, so it could be unfair to single out specific firms as beneficiaries.

Further, an ETF approval is a big deal, and even a friendlier SEC might not give it easily. Whether or not the markets think the SEC would fast-track this product has no bearing on the actual outcome.

As ETF analysts have outlined, the entire market is saturated right now. There are 72 active proposals for new altcoin ETFs, but Bitcoin controls 90% of the crypto ETF market.

If a CRO ETF wins approval, it may be competing with a huge wave of newcomers over tiny chunks of BTC’s market share. Perhaps investors don’t see it as a likely option.

Overall, Trump and Crypto.com are doubling down on their partnership, and it could have big long-term implications. Any of the aforementioned factors (or a mix of several) might explain this outcome.

The post Cronos (CRO) Surges 10% As Trump Media Partners with Crypto.com for Altcoin ETFs appeared first on BeInCrypto.