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Russia outlines plans to legalize crypto mining starting November 1, 2024. Additionally, the country will launch an experimental regime allowing authorized companies to conduct cross-border settlements and trade in digital currencies . This move comes as blockchain technology and crypto currencies gain more acceptance globally. Increased government support for these technologies has increased altcoin values, driving investors’ interest in top crypto currencies to invest in right now . Today’s article examines the performance of crypto currencies that investors might consider adding to their portfolios. It reviews tokens showing profitability potential. Best Cryptocurrencies to Invest in Right Now  This article examines the performance of digital assets with potential and informs investors about recent trends, price changes, and trading volumes to provide a comprehensive overview of these assets. Recently, XRP has been attracting analysts’ attention due to s...

Ripple ’s XRP token has faced substantial headwinds over the last few years. Ripple ’s lawsuit with the US SEC has been a significant barrier to the asset’s price. Even when other cryptocurrencies were hitting all-time highs during the 2021 bull run, XRP failed to hit a new peak. XRP hit an all-time high of $3.40 in January 2018 and is currently down by over 81% from its 2018 peak. According to the analyst at Changelly, XRP will not breach the $3 mark until 2028. The platform predicts the asset to hit a maximum price of $3.57 for the year. Reaching $3.57 from current price levels will entail a rally of nearly 458%. Also Read: Ripple : How To Be a Millionaire When XRP Hits $1.5 Telegaon is more bullish on Ripple ’s XRP than Changelly, predicting the asset to breach the $3 mark in 2026. The platform predicts XRP to hit an average price of $3.53 in 2026 and a maximum price of $5.18. Reaching $5.18 from current prices will translate to a rise of about 709%. Ripple la...

Ethereum price corrected gains and traded below the $3,300 level. ETH is consolidating and facing hurdles near the $3,300 resistance zone. Ethereum started a downside correction from the $3,400 resistance. The price is trading below $3,330 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,295 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,330 resistance zone. Ethereum Price Extends Losses Below $3,300 Ethereum price failed to clear the $3,400 resistance zone and started a downside correction, like Bitcoin. ETH traded below the $3,330 and $3,300 support levels to enter a short-term bearish zone. There was a break below a key bullish trend line with support at $3,295 on the hourly chart of ETH/USD. The pair even spiked below the $3,250 support zone. A low is formed at $3,231 and the price is now consolidating losses. It recovered some lo...

Though often viewed as controversial, Robert Kiyosaki, the author of the best-selling personal finance book ‘ Rich Dad Poor Dad’ has frequently been right with his recommendations for investors. Indeed, though his gloomy predictions for the American stock market or the fate of the ‘fake’ currencies such as the U.S. dollar are yet to come true, his bullishness about a string of commodities – the main being gold and silver – has been vindicated with major rallies in recent months and years. Still, as much as Kiyosaki is known for his real-estate investments and pushing of gold, Kiyosaki is also heavily involved with the crypto market and has gone on record numerous times in numerous X posts calling Bitcoin (BTC) ‘real’ money and juxtaposing it with fiat currencies. Picks for you Bitcoin ‘close to breakout’ as this formation puts ...

The Compound Finance (COMP) treasury has been drained of $25 million in a recent governance attack, raising alarms about the state of decentralized governance in the decentralized finance (DeFi) ecosystem. Compound DAO Hijacked According to researcher DeFi Ignas, the attack began with an initial proposal to grant 92,000 COMP tokens, submitted without prior discussion on the Compound DAO forum.  Despite “glaring red flags”  identified by the project’s security advisor, Michael Lewellen, the warning received minimal engagement from the community, with only a few voices, such as MonetSupply and Wintermute, raising concerns . Related Reading Shiba Inu’s NVT Ratio Sees Drastic Increase, Is A Rise To $0.00003 Still Possible? 10 hours ago ...

Altcoins offer investors and traders an alternative to big cryptocurrencies within the market. Since the start of this week, these major cryptocurrencies like Bitcoin and Ethereum have continued to rocket upwards, pulling the majority of the market with them. Bitcoin Cash, a direct fork of Bitcoin, is seeing success after today’s 3% increase in total market cap. According to CoinGecko, the coin is up nearly 15%, making it the lead gainer of today’s market environment. Related Reading Fantom (FTM) Regains Momentum After Weeks Long Bleed – Will This Continue? 7 hours ago Superb Market Conditions Spur Trader Interest The tie between the traditional and crypto markets cannot be understated. Major market indices like the Dow Jones and the S&P 500 show a high correlation with major crypto assets like Bitcoin. This positive correlation...

The Solana price has jumped 36% in the past month and 4.5% in the last  24 hours to trade at $192 as of 12:30 a.m. EST on a 31% plunge in trading volume to $2.8 billion. The pump has analyst Mister Crypto on X predicting that the SOL price is headed for a new all-time high. Solana looks ready to make new ATHs. pic.twitter.com/CjfoDmuh54 — Mister Crypto (@misterrcrypto) July 28, 2024 Solana Price Signals A Bull Run Ahead Solana’s price initially dropped to a key support level of about $157 but then fell further to $135. This movement hit the lower edge of the consolidation zone and formed a triple bottom pattern, which traders often interpret as a sign of a potential bullish reversal. The current support level has provided a springboard for the bulls to push the price up to $185. If the price breaks through this level, it could signal a rally that might lead to new all-time highs. SOLUSDT Analysis (Source: Tradingview) The price is currently trading ...

The nine recently approved spot Ethereum Exchange Traded Funds in the United States posted a net outflow of $152.3$ million in just 3 days of trading. This metric signifies a slight increase in outflow from the previous two days. Building on the previous two days’ surge, the spot Ethereum ETFs recorded a net outflow of $152 million with a cumulative trading volume of about $860 million.  Notably, this development has spilled into the general crypto market, leading to an increase in the value of some tokens. These tokens remain in the limelight through their continuous development and strategic partnerships. Their performance and technical excellence have played a significant part in why we have chosen them as the best cheap crypto to buy under 1 dollar today.    5 Best Cheap Crypto To Buy Under 1 Dollar This Analysis gives valuable insights to traders trying to evaluate the growth potential of different tokens. Several cryptocurrencies trading below 1 dollar,...