Dig Deeper, Invest Smarter
The emergence of fractional ownership of real-world assets represents a turning point in investment paradigms. This shift has had a pronounced impact on Gen Z and new investors, who face distinct economic challenges. Young people struggle with significant student loan debt or face the risk of lower initial earnings. Over 40% of Americans under 30
The post Why Blockchain Should Be the Backbone of Fractional Asset Ownership Models appeared first on CoinGape.
A renowned crypto market analyst projected a highly bullish outlook for Polygon this Wednesday, triggering severe market concerns globally. Market expert Ali Martinez hinted that POL price remains primed to crash and hit a $0.04 level ahead. As a result, investor sentiments remain alarmingly negative about the token (formerly MATIC) as it currently sits at the $0.2 price level.
In an X post on March 19, Ali Martinez signaled that Polygon is undergoing a ‘macro trend shift.’ Despite the broader market showing resilience and preventing massive downturns, POL price has entered a bear market.
The analyst reveals that the crypto formed a ‘descending triangle’ pattern over the past 4 years. This formation characterized a horizontal support floor at the $0.32 price level. However, the price kept hitting lower highs as it advanced, forming a ‘descending trend line.’
Subsequently, on February 25 this year, the price bearishly broke out of this triangle, losing key support mentioned above. In turn, the “odds for an 86% bear market increase towards a target of $0.04 persist,” per the analyst.
As of press time, POL price recorded gains worth 1% intraday and exchanged hands at $0.2123. The coin bottomed and peaked at $0.2035 and $0.2136 over the past day. Besides, it’s noteworthy that monthly and yearly losses totaled 35% and 78%, respectively. The broader bearish action remains poised to bore more heat amid the loss of vital support at $0.32.
Simultaneously, POL futures OI saw a significant decline since the beginning of this year. Coinglass data indicated that the OI slipped from a $119M level as of late January to reach a $55 million level to date.
The declining derivatives data flags a loss of investor interest in Polygon, adding to market concerns amid bearish predictions.
On the other hand, the U.S. FOMC set to take place shortly ahead has kept investors on their toes. Currently, CME FedWatch Tool Data shows a 99% chance of unchanged interest rates by the U.S. Fed.
Nevertheless, Fed Chair Jerome Powell’s speech remains much-eyed by market participants. Following the economic turmoil caused by Donald Trump’s tariff saga, a dovish hint towards upcoming monetary policies could significantly relieve crypto prices. In turn, even POL could leverage some macro relief, although bearish investor sentiments persist.
It’s also noteworthy that per CoinMarketCap, “the upgrade from MATIC to POL has been initiated on Ethereum’s mainnet.” The crypto’s community revealed that as a Polygon PoS, zkEVM user, MATIC holder, node operator, or staker, users remain poised to witness an effortless and seamless upgrade process.
The post Analyst Predicts Polygon (POL) Price Drop To $0.04 Looms, Here’s Why appeared first on CoinGape.
LDO, the native token of Ethereum’s largest decentralized staking platform, Lido, is today’s top gainer. Its price has climbed by 12% amid the broader uptick in crypto trading activity over the past 24 hours.
LDO trades at a six-month high of $1.50 at press time, with on-chain metrics suggesting the token could be poised for further gains.
Readings from the LDO/USD one-day chart reveal that the token has maintained a strong upward trajectory over the past five trading sessions, each closing at a fresh daily high. Over this period, LDO’s price has climbed by 58%, reflecting the rally’s strength.
On-chain data further confirms this bullish outlook. According to Santiment, there has been a significant uptick in the count of daily active addresses involved in LDO transactions over the past week. This signals heightened network activity and growing investor participation.
According to the data provider, active address count surged to a two-year high of 1,205 on August 10, marking the strongest daily demand for LDO in over 24 months.
This surge in engagement suggests that market confidence in LDO’s momentum is building and could continue to hold steady.
Moreover, LDO’s social dominance—a metric that tracks the percentage of crypto-related discussions focused on the asset—has rocketed to a yearly high. Per Santiment, this currently stands at 0.29%, confirming that there is notable online chatter about the token.
The rise in LDO’s social dominance shows it has captured significant attention within the broader market conversation. This growing buzz can be a precursor to increased retail activity and can help fuel short-term price momentum.
Continued buying pressure and favorable on-chain sentiment could further drive LDO’s rally, pushing its price past $1.55. A successful breach of this resistance could propel the altcoin to $1.77.
However, if sellers regain control and begin to take profit, LDO risks losing some of its gains and falling to $1.33.
The post Lido (LDO) Jumps 58% in Five Days as Active Addresses Hit Two-Year High appeared first on BeInCrypto.
Plans for the smooth sailing of fresh stablecoin regulation have hit a curb following a group of Congressmen’s decision to withdraw their support. US senators are rejecting the GENIUS Act in its current form in a move that can derail the outcome of a final vote.
According to an X post by cryptocurrency journalist Eleanor Terrett, a group of US senators are poking holes in The Guiding And Establishing National Innovation For US Stablecoins (GENIUS Act) over its provisions. The senators, led by Ruben Gallego, have issued a joint statement criticizing the updated text of the stablecoin regulation.
Per the Congressmen, the GENIUS Act requires tighter provisions on anti-money laundering and national security guardrails. Furthermore, the group is pushing for additional provisions to protect the local financial ecosystem from undue disruptions.
The senators are raising concerns over the lack of clarity of foreign stablecoin issuers and the potential threat to national security. Finally, the joint statement takes swipes at the absence of stiff penalties for issuers that fail to meet the standards of the GENIUS Act.
A previous Coingape report notes that US senators will vote for the GENIUS Act before May 26. However, the senators will not vote for the bill in its current form unless the provisions are modified.
“While we are eager to continue working with our colleagues to address these issues, we would be unable to vote for cloture should the current version of the bill come to the floor.
While it seemed that the GENIUS Act was hurtling toward full approval, the joint statement by the group of senators complicated matters. For starters, there is a possibility that the dissent may grow, potentially affecting the voting outcomes and triggering a delay.
Bo Hines has previously predicted the rollout of stablecoin regulation before June, but fresh dissent could prolong the passage. If the bill fails to pass the House vote, there is the potential for reconsideration after fresh amendments.
Stablecoin issuers will be the hardest hit, with the delay affecting their short-term and mid-term plans. Ahead of incoming stablecoin regulation, Tether has unveiled plans to release a stablecoin for US users, going head-to-head with the USD1 stablecoin.
Amid the absence of regulatory clarity, Ripple has paused minting RLUSD stablecoins after crossing the $300 million market capitalization mark. A delay to the timeline of the GENIUS Act will affect the listing of WLFI’s USD1 stablecoin on centralized exchanges.
The post US Senators Withdraw Support For GENIUS Act: Here’s Why appeared first on CoinGape.