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Despite trading in the red zone on the day, Aptos continues to hold decent gains in the last few weeks. Launched this October, the potential Solana killer has recorded huge trade volumes in just the first few trading days. The price of one APT token rose by more than thirty percent throughout the last weekend. Specifically, it increased from $7 to an all-time high of $10.25 on Sunday, October 23. Since then, there has been a retracement in the price of APT, which has settled at $8.89 at press time. There’s no telling where Aptos will go from here. But despite a 1.46% decline on the day, Aptos is still holding decent profits from when its launch price. Related Reading: This Bitcoin On-chain Retest Can Change Market’s Course, Here’s How Aptos Positions Itself As A Top-50 Coin Despite Criticism On October 17, the Aptos team announced they had successfully launched their mainnet. Afterwards, the APT token was made available for trade on several cryptocurrency platforms. The token didn’t take much time to position itself as a top-50 coin on CoinMarketCap. Aptos grabbed the 47th spot with a total supply of 130,000,000.00 and a $1,178,169,163 market cap. However, Aptos experienced some volatility at launch amid several criticisms from traders and the entire crypto community. Twitter criticized the initiative, stating the chain’s 7 TPS is considerably below the 130k TPS promised before launch. Traders were also concerned about the project tokenomics. They noted that it slightly favoured the private investors and developers who obtained a massive 50% of the token supply and presently retain 80% of them. Furthermore, the project has been met with many scam airdrops, resulting in the team muting the token’s Discord server. The project’s founder, Mo Shaikh, defended it on Twitter by saying, “building a decentralized protocol from the ground up is tough!” However, as we all know, you never get a second chance to make a good first impression. Aptos Trading Red on The Day, More Negative Trends Ahead? The current trend of Aptos is bearish. As of writing, Aptos is losing 3.88% against the US dollar, trading at $8.93. According to Wu Blockchain, the main reason is the negative Aptos token perpetual contract financing rates on Binance, OKX, Bybit, and FTX. With a negative rate, bearish sentiments prevail, and short-sellers are eager to compensate long-sellers.  Active hedging may be the main cause of these negative financing rates. This comes after Aptos’ engineers revealed a lack of knowledge of some blockchain processes, such as the Sybil attack. APT had a large increase in selling pressure after an unexpected airdrop was released, leading to the creation of short positions. Related Reading: Bitcoin’s Break Above $20,000 Sees Market Liquidations Cross $1 Billion As funding rates become blatantly negative, short liquidations often occur, leading to a “short squeeze” or unexpected bounce. There’s no telling where the Aptos price will face next. However, it has faced resistance at the $9.17 mark today and looks to retest the level before the trading day ends. Featured image from Pixabay and chart from TradingView.com

The world’s largest meme crypto like Dogecoin and Shiba Inu prices printed green indexes as the global digital asset market saw a broad recovery. However, the whale transaction trackers have reported that crypto whales have added a load amount of Shiba Inu over the past 24 hours. Shiba price up by 5% According to Whale

The post Whales Move 3.3 Trillion Shiba Inu; Will SHIB Surge Ahead? appeared first on CoinGape.

Crypto Proponents Fret Computer Giant’s ‘Legacy Thinking’ Ill Suited For Crypto

The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic factors like inflation. Currently, stablecoins represent about 15% of the total crypto market cap of over $933 billion. Several prominent firms have created their stablecoins. Usually,…

The post Binance USD Supply Increases Amid Heated Stablecoin Wars appeared first on Bitcoin News Miner.

Ripple’s native token, XRP is one of those top cryptos which have managed to surge over the past 90 days amid the slumping digital asset market. Positive outcomes from the long running crucial lawsuit between Ripple and SEC lately have spiked the whales’ interest in the XRP. Whales accumulation over positive Ripple news? Whale Alert

The post 200 Mln XRP Added By Whales Amid Price Dip appeared first on CoinGape.

Investment manager and founder of Ark Invest Cathie Wood disclosed that she made a $100,000 investment in Bitcoin (BTC) when it sold for $250 in an October 21 interview on What Bitcoin Did.

The post Cathie Wood $100k Bitcoin investment reportedly made over $7M profit appeared first on CryptoSlate.

Bitcoin has been hovering around the $19,000 zone for 14 days straight as traders continue to unpack an array of issues plaguing the markets in...

Dogechain (DC), a recently introduced cryptocurrency, is posting big numbers in terms of gains since being added to the ever-growing family of the crypto space. Dogechain trading volume spikes to over $50 million in just two weeks DC price surges to $0.0045 before experiencing correction Dogechain blockchain looks to build up Dogecoin At press time, according to tracking from Coingecko, the layer 2 digital asset is trading at $0.001433. Over the past 24 hours, it has grown by 18.5%. Related Reading: Cosmos In A Downtrend Since Last 2 Months – Investors Shying Away From ATOM?   Source: Coingecko Its growth on weekly, biweekly and monthly basis are also off the charts, going up by 176.8% during the last seven days and 141.3% over the last two weeks. On its month-to-date figures, Dogechain is up by 79% as it now sits on a market capitalization of almost $43 million. Trading Volume Skyrockets For Dogechain Within two weeks, the new crypto’s trading volume saw a massive surge as it reached over $50 million. At the time of this writing, however, Dogechain’s volume dropped to $33.7 million. This catapulted the digital asset’s value to $0.0045. That was short-lived however as price correction trimmed the virtual currency’s gains. There are 20 market places where the altcoin can be traded with Gate.io and Kucoin accounting for almost 40% of all trades that involve the cryptocurrency. But while Dogechain is having a very good showing in terms of price pump, the EVM-compatible layer 2 blockchain token’s true purpose is to complement meme crypto Dogecoin. Although the asset carries the “doge” moniker, it is important to remember that it is not an extension of the Dogecoin project and is not built on DOGE network. Dogecoin: Unleashing Its Full Potential Increasing the utility of Dogecoin is the main goal of Dogechain. Holders of the famous dog-themed crypto can take advantage of the added utility that this blockchain give by wrapping their DOGE holdings with smart contracts. When this is done, Wrapped DOGE (wDOGE) will be given back to the owners. This new and improved token will then allow them to DeFi products as well as NFTs that are powered by the Dogecoin network. With the help of the Dogechain blackchain, DOGE looks to realize its goal of being at the center of Decentralized Finance (DeFi) ecosystem. Such boost is needed by the 10th ranked crypto in terms of market capitalization and recognized as the “OG” (“original gangster”) meme-based digital token, as it continues to struggle in initiating a bull momentum. At press time, it is trading at $0.595 and is forecasted by Coincodex to decline over the next five days to change hands at $0.0546. The next 30 days will be bearish for the cryptocurrency as well, as it is predicted to drop all the way to $0.0367. Related Reading: Solana (SOL) Could Recoup Losses In Last 7 Days – Here’s How Crypto total market cap at $891 billion on the daily chart | Featured image from Coincu News, Chart: TradingView.com Disclaimer: The analysis represents the author's personal views and should not be construed as investment advice.

Ethereum remained close to a three week high on Monday, as prices rallied following a turbulent weekend. Bullish sentiment appears to have somewhat returned to crypto markets to start the week, with the market cap trading 1.56% high as of writing. Bitcoin was also in the green in today’s session. Bitcoin Bitcoin (BTC) was trading […]

Popular meme coin, Dogecoin, has welcomed new holders into its ecosystem within the past three months. As per data from CoinMarketCap, the number of Doge holders has increased by about 2% from its July 24th number. While the coin has enjoyed increased investors, it hasn’t reflected in its price movement. It seems most investors are…

The post Dogecoin Gains 100K Holders In Just Three Months, Report appeared first on Bitcoin News Miner.

The Dogecoin market lacks momentum, and this has caused it to be sold and bought at lower price levels. Consequently, this crypto’s price action has [...]