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London-based gold miner – BlueBird Mining Ventures(BMV) – has unveiled a strategic pivot by selling its gold holdings and eventually building its Bitcoin Treasury. Soon after the announcement, the BMV stock shot up 40% on the London Stock Exchange. The company said that strategic shift comes as gold’s position as a traditional store of value
The post Gold Miner BlueBird to Buy Bitcoin from Gold Revenues appeared first on CoinGape.
XRP price today pulled back by 3% as its recent rally took a breather amid a wave of profit-taking among crypto investors. Its dip brought its valuation to $133 billion. However, technicals suggest that the Ripple price is on the verge of a strong surge as the RLUSD stablecoin volume surges by 45%.
The XRP price has several catalysts that may propel it significantly higher in the long term. One of these drivers is its potential to disrupt the financial market by disrupting the SWIFT Network that connects over 11,000 banks.
The other key catalysts for the surge is its foray into the stablecoin industry. Ripple USD (RLUSD), its stablecoin, continues to gain market share as its market cap has jumped to nearly $300 million.
CoinGecko data shows that the 24-hour volume of RLUSD increased by 45% to $110 million, indicating growing usage. That figure means that RLUSD is one of the most popular stablecoins in crypto since its daily volume is higher than other well-known names like USDS, Ethena USDe, TrueUSD, and Justin Sun’s USDD.
RLUSD’s volume increase happened a day after it was incorporated in Aave V3. This addition enables AAVE users to supply and borrow it easily. Ripple Labs also made the strategic move to burn 12 million RLUSD tokens, a move aimed at reducing its supply and boosting its demand. Earlier this month, Ripple added RLUSD into its payment network, which will eventually lead to higher volume over time.
The ongoing growth of its stablecoin and the recent end of its legal issues has fueled optimism that XRP price is about to surge. One crypto analyst who has followed it for years now believes that the coin will eventually hit $1,000. This is unrealistic, as it would push its market cap to $100 trillion.
Still, a simple technical analysis shows that the coin is on the verge of a rally, possibly to the psychological point at $3.5.
The three-day chart below shows that it has formed two highly bullish chart patterns that may fuel this surge. The orange lines show that it has created a falling wedge pattern whose trendines are about to meet.
XRP price has now flipped the upper side of this pattern, potentially confirming this breakout. The coin has also formed a bullish pennant pattern, a positive technical formation characterized by a vertical line and a triangle.
Therefore, the value of XRP is likely to surge to its year-to-date high of $3.4. Rising above that level will increase the possibility of it reaching $3.5, a 60% increase from the current point.
A plunge below the year-to-date low of $1.6225 will cancel the bullish outlook. Such a crash may put it in danger of a drop to $1.
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The post Bitcoin (BTC) Drops 30% to $76,300—Ripple (XRP)’s $2.14 Steady, Yet BinoFi (BINO)’s $0.02 Token Ignites Altcoin Fever appeared first on Coinpedia Fintech News
The cryptocurrency market has once again shifted gears dramatically, with Bitcoin experiencing a significant 30% drop to $76,300, its sharpest decline in recent months.
Meanwhile, XRP has remained stable at $2.14, underscoring its ability to hold firm despite the market turbulence. This contrasting performance has left investors reassessing their portfolios and searching for alternative avenues of growth.
Among the altcoins garnering attention in this volatile landscape is BinoFi (BINO), currently priced at $0.02 in its ongoing presale. With its innovative features and ambitious projections, BinoFi is emerging as a compelling story in the crypto space.
Bitcoin’s drop from its recent highs has surprised many, given its reputation as the standard-bearer of cryptocurrency. Market analysts attribute this downward pressure to a mix of factors, including tightening global monetary policies, a wave of profit-taking among institutional investors, and lingering uncertainty around Bitcoin’s short-term trajectory.
This decrease has rippled across the market, with traders showing signs of caution. While some see the drop as a correction after months of gains, others worry that this could show in a more prolonged bearish period.
With Bitcoin faltering and XRP holding steady, altcoins are seeing a surge of interest as investors hunt for high-growth opportunities that circumvent the trends of larger assets. Among these, BinoFi has stood out for its bold vision and its ability to address inefficiencies in crypto trading with a blend of technology and innovation.
Priced at just $0.02 during its presale, BinoFi is creating significant talk as a next-generation solution to crypto trading challenges. Analysts are closely watching its market entry, as the token has the potential to redefine how investors think about decentralized finance and hybrid exchanges.
BinoFi’s growing popularity stems from its unique features and practical applications designed to transform how digital assets are traded. Investors and analysts alike are excited about the project’s ability to tackle some of the most pressing issues facing today’s crypto landscape.
Here’s what sets BinoFi apart:
BinoFi combines the speed, liquidity, and order-matching capabilities of Centralized Exchanges (CEXs) with the control and transparency of Decentralized Exchanges (DEXs). This hybrid model eliminates the trade-offs that traders have traditionally faced, offering the best of both worlds.
With its built-in cross-chain trading functionality, BinoFi bypasses the reliance on bridges or intermediary platforms, enabling frictionless token swaps across multiple blockchains. This interoperability positions BinoFi as a leader in a rapidly
expanding multi-chain ecosystem.
BinoFi’s platform integrates gasless transaction technology, effectively removing one of the biggest barriers to entry in the crypto market while making trading faster and more cost-efficient.
These features make BinoFi a platform designed for both seamless usability and future resilience, making it an attractive choice for investors looking for long-term value.
BinoFi’s presale has sparked remarkable interest, with investors drawn by its low current price and high growth potential. Offered at $0.02, the token’s presale entry point aligns with the project’s bullish roadmap, which targets a listing price of $0.30, presenting a significant potential upside for early buyers.
Looking further ahead, BinoFi’s development roadmap aims to scale its ecosystem significantly, aligning with projections of broader blockchain and crypto growth through 2025. Key milestones include expanded liquidity pool integrations, enhanced cross-chain capabilities, and long-term adoption of its hybrid exchange ecosystem.
The current market dip has introduced challenges for some, but it has also uncovered opportunities for high-potential assets to stand out. Bitcoin’s price drop, XRP’s steady performance, and the growing interest in altcoins like BinoFi highlight the increasing complexity of the cryptocurrency market.
For forward-thinking investors, BinoFi presents an opportunity rooted in both innovation and timing. While risk remains an inherent part of crypto investing, the project’s blend of features, strong presale performance, and long-term vision offer a compelling case for attention among the noise.
Whether you’re holding the line with Bitcoin, reassessing XRP, or venturing into the promising altcoin space, BinoFi’s $0.02 token presale presents a rare chance to position yourself early in what analysts are calling a project with massive potential.
The question, as always, is whether you’re ready to seize the opportunity before the rest of the market catches on.
The post Bitcoin (BTC) Drops 30% to $76,300—Ripple (XRP)’s $2.14 Steady, Yet BinoFi (BINO)’s $0.02 Token Ignites Altcoin Fever appeared first on Coinpedia Fintech News
The cryptocurrency market has once again shifted gears dramatically, with Bitcoin experiencing a significant 30% drop to $76,300, its sharpest decline in recent months. Meanwhile, XRP has remained stable at $2.14, underscoring its ability to hold firm despite the market turbulence. This contrasting performance has left investors reassessing their portfolios and searching for alternative avenues …
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