SwapPix

Experts have named the top 15 cryptocurrencies in terms of transaction volume growth. Researchers from CryptoDiffer noted that over the past 30 days, several cryptocurrency assets have shown a significant increase in transaction volumes. According to Sentiment.net, the leader was Convex Finance (CVX) with a 2883% increase to $255 million, followed by Zero Exchange (ZERC) with a 2404% increase ($24.8 million) and BurgerSwap (BURGER) with a 2201% increase ($31 million). Also in the top five were Alpha Quark (AQT) and Hermez Network (HEZ), with deal volumes up 2179% ($20.1 million) and 2031% ($19.5 million), respectively. These indicators show the increased interest of traders and investors in these cryptocurrencies, although on a monthly basis the volumes remain modest.

Experts have named the top 15 cryptocurrencies in terms of transaction volume growth. Researchers from CryptoDiffer noted that over the past 30 days, several cryptocurrency assets have shown a significant increase in transaction volumes. According to Sentiment.net, the leader was Convex Finance (CVX) with a 2883% increase to $255 million, followed by Zero Exchange (ZERC) with a 2404% increase ($24.8 million) and BurgerSwap (BURGER) with a 2201% increase ($31 million). Also in the top five were Alpha Quark (AQT) and Hermez Network (HEZ), with deal volumes up 2179% ($20.1 million) and 2031% ($19.5 million), respectively. These indicators show the increased interest of traders and investors in these cryptocurrencies, although on a monthly basis the volumes remain modest.

The number of Notcoin players has reached 40 million, driving the token's growth The team behind Web3 gaming project Notcoin announced that their user base has increased to 40 million people. Following this announcement, the price of Notcoin rose by 5%.

The value of bitcoin transactions has reached an annual high of $25 billion per day. On May 28, bitcoin transactions were valued at more than $25 billion, the highest in over a year. This figure reflects the total value of transactions on the blockchain in a day and helps traders track bitcoin (BTC) trends to make trading decisions. About 367,000 BTC was moved on the blockchain, the highest volume since June 13, 2022, when more than 519,000 BTC was moved. At that time, the bitcoin price was around $26,500, meaning the dollar value of transactions reached nearly $14 billion.

May 2024 turned out to be a month of significant decline in trading volumes in the non-fungible token (NFT) sector. According to BSCN Headlines and CryptoSlam, sales volume this month totaled $625.55 million, down 54% from April's $1.15 billion. This sharp drop came as a surprise given the stable performance of the NFT market in previous months. Analyzing the last six months of data shows that December 2023 was the peak month, with sales of $1.77 billion. The following months saw a gradual decline, but January, February and March 2024 still saw strong performance, exceeding $1.2 billion monthly. April 2024 marked the beginning of a marked decline, which peaked in May.

The creator of the DARE token committed self-immolation to raise the price and was hospitalized. He asked to be doused with a flammable liquid and ran through a group of people who were shooting Roman candles at him. The token creator's clothes caught fire and he suffered burns to 35% of his body before being taken to a hospital in Miami. After this incident, the DARE exchange rate rose from $0.000056 to $0.002 and then rolled back, but remains well above the starting level.

Pantera Capital predicts bitcoin (BTC) will reach an impressive $117,000 by August 2025. They rely on historical data on BTC halving, when the reward for mining a block on the network is halved. In their recent report, Pantera Capital notes that significant rallies usually occur after halving. They forecast a solid 4.2x increase by the end of August 2025, 480 days after the halving, with the price of the major cryptocurrency set at $117,482.

Pantera Capital predicts bitcoin (BTC) will reach an impressive $117,000 by August 2025. They rely on historical data on BTC halving, when the reward for mining a block on the network is halved. In their recent report, Pantera Capital notes that significant rallies usually occur after halving. They forecast a solid 4.2x increase by the end of August 2025, 480 days after the halving, with the price of the major cryptocurrency set at $117,482.

Solana (SOL) experienced an increase of 9% after receiving an endorsement from Franklin Templeton. The firm's endorsement led Solana's value to increase by more than 9% to a level of $138.46. This shows Solana's confidence and resilience, especially after the failed collapse of cryptocurrency exchange FTX.

Following the mainnet launch by Saga's L1 blockchain team, the project's token surged by nearly 19,000%, hitting the Binance listing at the same time. The asset price, starting at a $0.4 opening, rose to a high of $7.89 before stabilizing below the $6 level at the time of writing. The bulk of the rise occurred in the first 15 minutes of trading, when volume reached an abnormal $34.6 million. The exchange posted a standard warning to investors about the token's high volatility on the page. "Saga is an L1 protocol that allows developers to automatically deploy VM-independent, parallelized and interoperable chains that provide applications with infinite horizontal scalability," Binance said in a report.

Solana (SOL) is gearing up for a new wave of growth. Since peaking on March 17, the number of unique Solana users has remained above 800,000. Growing community participation has a favorable effect on the price of SOL. The number of daily trades on DEX also remains consistently high, indicating traders' sustained interest in the ecosystem. Two weeks ago, the total value of assets locked in Solana's DeFi protocols crossed the $4 billion mark for the first time since April 2022. This important metric serves as a critical indicator of the overall health of the ecosystem and user engagement. TVL's recent growth indicates renewed investor confidence and sustained interest in SOL. However, the indicator is still far from its peak value of $10 billion.

Solana (SOL) could face a potential dip this week, and here's why. One of the main reasons is the loss of support from an important group of investors - institutional investors. Should SOL fail to address this issue, a significant correction is likely. Over the past week, institutional investors have withdrawn nearly $5.6 million from the asset, bringing YTD investment down to $18.2 million. Net inflows into SOL since the beginning of this year are estimated at just $1 million.

During today's trading Bitcoin reached a new all-time high of $72,300. According to most experts, such rapid growth is due to the constant demand for sector ETFs, which were approved by the SEC regulator in January this year.

Happy birthday, Swappix!

The price of Ethereum (ETH) has surpassed the $3,200 mark and continues its rise. Over the past five weeks, the Ethereum exchange rate has been rapidly increasing and today reached its highest value of $3,270.

Tether is considering discontinuing support for the TRON blockchain. As the issuer of the most popular USDT stablecoin, Tether has not yet made a final decision regarding support for TRON, similar to Circle's decision regarding the USDC stablecoin on the TRON network. The company noted that Tether tokens operate on different blockchains and emphasized its willingness to freeze transactions on each of these blockchains to comply with regulatory requirements. However, Tether maintains high security standards for all supported blockchains to ensure that its community is protected.

Ethereum price is approaching the $3000 mark. During the last day, the second largest digital asset by market capitalization, Ethereum, surpassed the $2900 mark for the first time since May 2022. Over the past week, the rate of this cryptocurrency rose by 10.36%, while the return of the flagship asset Bitcoin for the same period amounted to only 3.82%.

Traders betting against cryptocurrency prices faced significant losses, with liquidations of short positions totaling over $115 million in a single day. Bitcoin surged past $47,000 for the first time since early January, while Ethereum reached $2,500. The rapid price rise caught many traders off guard, highlighting the volatility inherent in crypto markets. Stay informed and adapt to market dynamics! 📈💸

Rekt Capital, a crypto analyst, expresses bullish sentiment towards Ethereum (ETH), expecting it to reach $2,800 in February. Ethereum is currently stable above $2,274, with Rekt Capital referencing developments in the monthly chart and predicting that ETH will "repeat last month’s move." Despite being down 12% from January peaks, Ethereum's trading volumes remain decent, standing at over $9.3 billion. Another analyst, Jelle, anticipates Ethereum's prices to float above $3,000 based on price action observed on the weekly chart. Analyst Michael van de Poppe expects ETH to outpace Bitcoin (BTC) in the sessions ahead. Meanwhile, attention is also drawn to Bitcoin Minetrix, a project on Ethereum aimed at enabling users to mine Bitcoin effortlessly. Users stake BTCMTX in exchange for mining credits, which they can then burn for Bitcoin cloud mining power.

The memecoin market emergence as a vibrant asset class, attracting volatility-seeking traders while Bitcoin (BTC) remains relatively flat. As Bitcoin's volatility is anticipated to decrease in February and March, cryptanalysts foresee heightened activity in H2 2024. 🤫