Category: Crypto Insights

VIRTUAL Surges 96% in 7 days amid Diamond Hands Rewards Launch

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Virtuals Protocol has caught the market’s attention following explosive gains in just one week. What’s driving this price surge?

 

The Virtuals Protocol, a blockchain network dedicated to powering autonomous AI agents, has seen its token VIRTUAL surge 96% in the past 7 days, hitting $1.19b in market cap from $607m.  The protocol agents can act independently and are deployed across DeFi, gaming, and metaverse ecosystems. With the recent surge, are AI agents the next market disruption in the crypto space?

 

Source: CoinMarketCap

 

Diamonds Hands Bonus

Two powerful features have contributed to VIRTUAL’s surge. The token holders have anticipated the Diamond Hands Bonus, with rewards claim going live on May 3, 2025 (24 hours later). This feature aims at giving holders extra points every 24 hours.

Additionally, the Take Profit Cooldown feature on the Network’s Genesis Launch is designed to encourage long-term holding, hindering quick sell-offs. Under this feature, the protocol could attract blockchain-based AI enthusiasts and investors for long-term growth. The network is a significant pacesetter in the blockchain AI space, advancing blockchain adoption.

 

 

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Ripple Increases Bid for Circle to $20B After $5B Offer Rejection

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Ripple Labs is reportedly increasing its bid for the stablecoin issuer, Circle, in a bid to increase its stablecoin market dominance.

 

Ripple Labs, the technology company offering blockchain-based payment solutions and the creator of the XRP ledger, has caught the market’s attention due to its strategic moves. The company is seeking dominance in the stablecoin market, potentially rivaling the current King of stablecoin, Tether. RippLe has recently issued its stablecoin RLUSD, backed 1:1 by USD reserves.

However, to gain significant market dominance, the company moved ahead to bid $5 billion to buy Tether’s rival, Circle. Following an offer rejection, Ripple is reportedly offering $20 billion to secure the USDC stablecoin issuer. According to Roundtable Network on X (formerly Twitter):

 

Ripple is going big – reportedly increasing its bid to #acquire #Circle from $5B to $20B after being turned down the first time.

Ripple could be poised for growth

Looking at the market sentiment, Ripple’s XRP has surged 4.76% over the past month, signalling rising investor confidence. Additionally, Whales have been accumulating XRP in the same period.

 

Source: X

 

Per the on-chain data, Whales have bought 900 million XRP coins in the past 30 days. Considering a positive outcome on the SEC Case against the company, Ripple’s on-chain data and fundamentals hint at long-term growth.

 

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Bearish Sentiment Rises as 63.76% of Binance Traders Bet Against Bitcoin

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Latest data reveals a declining BTC long-to-short ratio as bears take charge of Binance trade positions.

 

Bitcoin traders on the world’s largest exchange by volume reveal a shift in market sentiment as Bitcoin approaches the psychological $100k Mark. Bitcoin is rallying towards $98,000, where short-term resistance exists before moving to $100k and above. According to recent data, 63.76% of traders on Binance have opened short positions for BTC price action.

 

 

Source: X

 

A low long-short ratio suggests prevailing bearish momentum in the market.  BTC is currently trading at  $96,989 with a nearly 1% increase in price over the past 24 hours, per CoinMarketCap. Bitcoin’s path to 100k could trigger major liquidations and some market volatility.

With the bulls and bears getting in a tug of war, the market is closely watching BTC’s price action at the current price for further insights. A Change in market sentiment could hint at price volatility soon.

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SUI Surges 9% as 21Shares Files for SUI ETFs

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Sui has surged 9% following a partnership between the SUI Network and 21Shares.

 

On April 30, 21Shares, the crypto exchange-traded products (ETPs) firm, announced a partnership with the SUI network. The strategic collaboration aims at advancing high-performance blockchain utility in institutional finance. 21Shares has moved ahead to file for SUI  Exchange Traded Fund (ETFs) under the Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC).

 

Following this Development, SUI has surged 9% in the past 24 hours as of this writing, according to CoinMarketCap Data. The coin is attempting a breakout above the $3.50-$3.70 key resistance zone, with price fluctuating around this level.  Per Coinglass data, the Coin’s open internet has surged nearly 10%, signaling rising market optimism.

With the Open Interest (OI)-Weighted Funding Rate turning positive, SUI’s bullish momentum could be strengthening. Traders are watching the buying pressure and the market’s response to this news to determine their next moves.

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Dogecoin Weekly Whale Accumulation Hits 100 Million Coins

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Whales have been accumulating over 100 million Dogecoins in the past 7 days. Does this mean DOGE could be rallying soon?

 

Dogecoin has surged 6.78% in the past 24 hours as of press time, per CoinMarketCap data. Despite a low trading volume in the same period, DOGE is showing strength fueled by heightened whale accumulation. Following the recent filing of DOGE ETFs by 21shares, the memecoin could be poised for a price uptrend in the coming days.

Recent On-chain data hint at a surge in whale accumulation. According to the data, wallets holding between 1 million to 10 million DOGE have steadily risen over the past week, surpassing 100 million coins.

 

Source: X

 

While there is no sudden spike in price, crypto analysts predict DOGE could be eyeing a breakout above $0.2000 soon. This could trigger a price rally amid changing market sentiment towards memecoins.

Whale accumulation often signals a preparatory phase before a price breakout. One should monitor volume and key support levels for further insights.

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Bitcoin Price Analysis: What’s Next after THIS Breakout?

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BTC has broken above its ascending triangle following 9 days of price consolidation. Is a bull run to $100k on the horizon?

 

Bitcoin is signaling strength and could be eyeing a bull run towards the $100k  key psychological zone.  BTC is trading at around $95,994 as of press time, per CoinMarketCap data. In the past 24 hours, Bitcoin’s trading volume has surged 33.83% percent signalling increased market participation amid a breakout.

Looking at the 4-hour chart, the king of cryptocurrencies has broken above an ascending triangle pattern formation around the $95,650 key resistance level with strong bullish candles. The short-term, mid-term, and long-term moving averages signal a “strong buy” with the Relative Strength Index (RSI) standing at 69. This suggests more buying potential.

Source: X

 

With a +4.71% open interest, Bitcoin’s rising demand could fuel a rally towards the psychological $100k soon. The long-short ratio stands at 1.0404 per Coinglass data, suggesting that some bearish pressure exists.

According to crypto analyst CaptainFaibik on X (formerly Twitter), if the breakout momentum holds, BTC could be eyeing the $98,000 zone as the next target. Traders are closely monitoring the buying pressure above the breakout zone for further insights.

 

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Worldcoin Surges as Coinbase Adds WLD to its Listing Roadmap

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Worldcoin gains bullish momentum with a high trading volume as Coinbase adds it to the listing roadmap.

 

World coin, the token for the Worldcoin identity project, has surged 4.04% with a 22.24% increase in trading volume in the past 24 hours, at press time per CoinMarketCap data. The surge could be fueled by a new development in WLD’s market and a shift in investor conviction. Considering that the coin is backed by Sam Altman’s AI-driven blockchain project, WLD  faces renewed market interest.

 

In a recent announcement on X (formerly Twitter), Coinbase has announced that it will add WLD to its listing roadmap. This could suggest a growing confidence in the project, thus shifting market sentiment reflected on Worldcoin’s surging price.

A look into WLD’s technical indicators revealed a brewing bullish momentum. The MACD (12,26), short-term and mid-term moving averages flash a “strong buy” signalling heightened buying pressure. With a rising (+2.64%) open interest, Worldcoin could rally in the next few days as Coinbase’s announcement hit the wider crypto market.

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Crypto Market Capital Inflows Surges $13.5 Billion in 10 Days

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The crypto market capital inflows have soared from 1.5 billion to $15 billion between April 19 and april 29 signalling new investor optitmism.

 

Global markets are flashing signs of economic recovery and stability driven by cooling trade war tensions. As a result, economic policies by national governments across the globe are providing liquidity in the market. The global liquidity index is projected to rise in the coming months. Historically, the crypto market tends to rise as investors consider risky and rewarding assets in their portfolio.

Recent data by Glassnode has revealed a major shift in the crypto market capital inflows. According to the on-chain data, the market capital inflows surged from 1.5 billion from  April 19 to April 29. Such a sharp spike in capital inflow signals heightened investor optimism towards digital assets.

Source X

 

The net position change for BTC and ETH has increased, signaling an accumulation phase among investors. Stablecoins have gained substantial inflows, suggesting fresh liquidity in the market, awaiting deployment in digital assets. The market could be gearing up for new highs and a significant comeback.

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Hyperliquid Attempts Breakout above $19-Will the Bulls Push Through?

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HYPE has surged 8% in price, with a high trading volume, while testing a key resistance zone. This suggests potential accumulation amid an upcoming ecosystem fee discount.

 

Hyperliquid, the rising decentralized finance ecosystem, has made a major announcement regarding the future of crypto trading on its network. The ecosystem announced plans to launch a new fee discount on May 5. Following this news, traders have shown optimism and are potentially accumulating the coin in anticipation of more gains.

The daily chart shows HYPE has bounced off a key support zone twice, indicating a price reversal. The coin’s bullish momentum has strengthened, and it is testing the $19 key resistance zone as the bulls step in cautiously.

 

Source: CoinMarketCap

 

According to renowned crypto analyst, Solberg Invest, a confirmed breakout above the $19 key resistance zone could see HYPE rally to $36 in the mid-term. Following the recent discount announcement, HYPE could break this zone and begin its rally.

With the MACD (12,26) and moving averages suggesting a “strong buy”, Hyperliquid is geared up for a rally. Traders are closely monitoring HYPE at the $19 resistance zone for further insights.

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Ethereum Weekly Active Adresses Hits a New All-time High-Impact on ETH?

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The Ethereum ecosystem has hit a new all-time high of 15.4 million in weekly active addresses. What does this mean for ETH?

 

Ethereum network has seen a 62.7% surge in network activity over the past 7 days, suggesting heightened market participation. According to on-chain data, the ecosystem has hit 15.4 million active addresses as its layer 2 solutions signal dominance. With layer 2s showing a 6.65 times higher usage, Ethereum’s scalability could be on the process.

 

Source:X

 

What does this mean for ETH?

Ethereum has surged 2.93%  with a 12.86% increase in trading volume over the past 24 hours. In the past 7 days, ETH has gained nearly 7% in price uptrend signalling renewed investor interest. The long-short ratio stands at 1.0268 per Coinglass data, as of press time.

The King of altcoins is currently fluctuating around $1821, per CoinMarketCap. With a spike in Open Interest (OI) funding rate in the past 24 hours, Ethereum could be eyeing a breakout above $ 2000 in the next few days.

 

 

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