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The layer-1 blockchain Cardano (ADA) is primed to continue its long-awaited price surge, according to a popular crypto analyst. The digital asset trader Ali Martinez tells his 87,300 followers on the social media platform X that whales and “institutional players” have been buying into the Ethereum (ETH) competitor in anticipation of further price increases. “The volume of large Cardano ADA transactions on the network has surpassed $22 billion per day. Those large transactions appear to be related to high accumulation levels. Indeed, whales holding from $1 million to over $10 million in ADA have increased their positions by more than 100% in the past month.  The high buying pressure is starting to move prices, and from a technical perspective, Cardano seems to be mirroring its previous bullish cycle. If this pattern holds true, ADA could target $6!” Source: Ali Martinez/X Martinez also notes that one “key area” of support that ...

A closely followed crypto analyst believes that the most popular memecoin by market cap is primed for another leg up. Pseudonymous analyst Altcoin Sherpa tells his 230,700 followers on the social media platform X that Dogecoin (DOGE) is printing a bullish pattern on the four-hour chart after bouncing off of the $0.36 level. “DOGE: this is not a bearish chart. You still have time to full port into this one guys. Next leg is coming soon.” Source: Altcoin Sherpa/X He also suggests that DOGE could surge near its all-time high of about $0.74. “DOGE isn’t that far off now. I actually think this goes back near all-time high again this cycle, something I didn’t think was going to happen. Raise your targets.” Source: Altcoin Sherpa/X DOGE is trading for $0.41 at time of writing, up 6.8% in the last 24 hours. Next up, the analyst believes that the market low may not yet be in for Ethereum (ETH) in its Bitcoin pair (ETH/BTC) despite a...

Layer-1 blockchain Aptos (APT) has announced a plan to integrate fintech giant Stripe’s payment services and the stablecoin USDC. Stripe’s payment services will provide a fiat on-ramp for the Aptos network, according to a new press release from the layer-1 project. Circle chief executive Jeremy Allaire says the new development is part of the stablecoin company’s efforts to scale USDC. “USDC + CCTP + Aptos = high-performance, very powerful programmable money infrastructure. Excited for the upcoming launch!” Stripe reemerged in the crypto sector last month when it rolled out support for USDC settlements. The payments giant previously enabled payments made using Bitcoin (BTC) until 2018, when the firm discontinued its support, citing BTC’s lack of utility as a payments rail. Aptos’ native token, APT, is trading at $11.98 at time of writing. The 27th-ranked crypto asset by market cap is down nearly 1% in the past 24 hours bu...

Dollar strength sent the US currency to a new 13-month high on Friday. The Federal Reserve policy stance and forex market trends pushed the US dollar index up 0.08% to 107.15, its highest since October 2023. The global economic outlook remains uncertain amid tensions and volatility. Source: investing.com Also Read: Russia Legalizes Crypto Mining: How It Helps Evade Sanctions How Dollar Strength Affects Forex Markets, Fed Policy, and Global Trends Fed Policy Expectations Drive Dollar Movement Source: FederalReserve.gov CME’s FedWatch Tool shows a 57.8% chance of a December 25-basis-point rate cut, down from 72.2% last week. The Federal Reserve policy has grown more hawkish as inflation persists. Next Friday’s U.S. PCE data will be key for monetary decisions. Source: FederalReserve.gov Global Currency Impacts and Trading Patterns Latest forex market trends show pressure on major currencies. The euro fell 0.05% to $1.0469, hitting a 13-month low. Sterling dropped to $1.25705, i...

The illustrator behind the viral “Chill Guy” meme is warning CHILLGUY holders that he plans to take legal action against the Solana (SOL)-based memecoin over copyright issues. According to a new Decrypt report, Chill Guy creator Phillip Banks recently took to the social media platform X to threaten legal action against unauthorized, for-profit uses of his viral cartoon. “just putting it out there, chill guy has been copyrighted. like, legally. I’ll be issuing takedowns on for-profit related things over the next few days.” Phillip Banks has locked his X account since the post. Per a screenshot from X user TheDeFiApe, Banks plans on going after unauthorized merchandise and memecoins. Source: TheDeFiApe/X Despite Banks’ protest, Crypto.com announced yesterday that the exchange was listing CHILLGUY. Gate.io, the tenth-largest crypto exchange by trading volume, also launched CHILLGUY trading yesterday as a “Pilot Section...

The Dogecoin (DOGE) market was the highlight of the month. The OG meme cryptocurrency pocketed major gains following Donald Trump’s victory. DOGE surged by over 167% throughout the past 30 days. After this enormous uptick, the meme coin seems to have slowed down. Amidst this, several were revisiting DOGE’s growth over the years while reconsidering their past investment. This article dives into the potential growth rate of DOGE if a meager $100 was invested back when Elon Musk first tweeted about the asset. Also Read: Trump’s Promise: First White House Crypto Role to Make America #1 in Blockchain How High Is Dogecoin Trading Today? Source After witnessing a triple-digit uptick and rising to a high of nearly $0.43, DOGE was seen declining. It should be noted that through this, the meme coin hit a three-year high. At press time, Dogecoin was trading at $0.3828 following a nearly 3% dip over the past 24 hours. The momentum of Dogecoin is frequently fueled by publicity and excite...

A closely followed crypto analyst says that one Solana (SOL) rival may be gearing up for a series of rallies. In a new strategy session, crypto trader Michaël van de Poppe tells his 737,600 followers on the social media platform X that the native token of the layer-1 blockchain Sei (SEI) could soon hit $1 if it can break out of a trading range’s upper bound at $0.52. “Very strong moves on the markets for SEI. Expecting this to break through this resistance zone, and if that’s the case, then I’m assuming we’ll see this one have a run toward the all-time high in the coming four-six weeks. Mimicking SUI.” Source: Michaël van de Poppe/X SEI is trading for $0.4892 at time of writing, down 4.5% in the last 24 hours. SEI reached an all-time high of $1.14 in March. Next up, the analyst believes that the Ethereum (ETH)-based decentralized oracle provider Chainlink (LINK) may increase more than 23% from its current value after breaking ...