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Showing posts with the label volume

Tron (TRX) Price Could Skyrocket to $2.2, Top Analyst Predicts

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Justin Sun’s Tron (TRX) made a comeback last year. The altcoin was on the sidelines with the advent of new cryptocurrencies entering the market over the last few years. But TRX managed to get back into the coveted top ten in 2024. Even though the asset started 2025 on a good note, TRX witnessed a slight setback. But the Tron community remains optimistic about a potential uptrend in the coming days. Also Read: Microsoft (MSFT) Gets $650 Target as Analysts Project Historic 2025 Revisiting TRX’s Setback Source: Coins.ph Over the 24 hours, Tron’s TRX recorded a 1.34% drop in its price. At press time, the altcoin was trading at $0.2475. Just earlier this week, it was $0.2736 but it was clearly sinking at the moment. Throughout the past seven days, TRX has dropped by more than 4%. Source: CoinMarketCap Along with its price, the market cap and daily volume of the asset also dropped. TRX currently stands as the 10th largest cryptocurrency, with a market cap of $21.32 billion. ...

Bitcoin records 75% higher daily trading volume than Apple

Bitcoin (BTC) is concluding the year positively, overcoming the earlier suppression of the maiden cryptocurrency’s valuation due to wider economic conditions, such as rising interest rates. The notable uptick in the flagship digital asset’s performance becomes evident when comparing Bitcoin against traditional investments, notably the tech giant Apple (NASDAQ: AAPL), particularly in daily trading volume. In this line, according to data acquired by Finbold, from November 20, 2023, to December 20, 2023, Bitcoin recorded an average daily trading volume of $22.52 billion, while Apple stood at least two times lower at $10.14 billion, marking a percentage difference of 75.71%. The variance between the two asset classes is more evident when comparing their market capitalization. As of December 20, Apple commanded a market cap of $3.03 trillion, at least three times higher than that of Bitcoin, standing at $850 million. How Bitcoin dwarfed Apple in trading volume It’s worth...

LOOM shows ‘buy’ signal as social volume skyrockets

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The native utility token of the Loom Network, LOOM, has been constantly registering significant gains over the past month. LOOM is up 725% in the past 30 days and gained 123% over the past week alone. As the consistent upward momentum continues, LOOM’s price-daily active addresses (DAA) divergence shows a strong buy signal at 840%.  LOOM price, whale activity and social activity – Oct. 16 | Source: Santiment The indicator triggers the “buy signal” when the number of active addresses and an asset’s price rise, according to the market intelligence platform Santiment. This could suggest lower volatility since the market cap of LOOM is in the hands of smaller investors rather than just whales.  You might also like: Binance CEO, colleagues face potential indictment in Brazil Despite the hike in the number of daily active addresses, the number of whale transactions consisting of at least $100,000 worth of LOOM has also surged by 15% in the past 24 hours, reachin...

Crypto cards facilitated $3B payment volume post 2021 exchange deals - Visa VP

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Visa’s CEMEA head of innovation and design Akshay Chopra reveals that the company’s partnership with cryptocurrency exchanges has facilitated billions of dollars in payment volumes. The integration of conventional payment cards into cryptocurrency exchange offerings is playing a crucial role in driving adoption of digital assets, according to a VISA executive. Speaking to Cointelegraph reporter Ezra Reguerra during a panel at the Blockchain Economy Dubai Summit, VISA’s VP head of Innovation & Design Akshay Chopra highlighted the role that Visa cards have played as a bridge between fiat currencies and cryptocurrencies in recent years. Cointelegraph's Ezra Reguerra (left) on stage with VISA’s VP head of Innovation & Design Akshay Chopra and Accenture's CBDC & digital assets associate director Vladimir Nikolenko.  According to Chopra, using cryptocurrencies as a means of payment for everyday items like a cup of coffee at a cafe is still not truly ubiquitous. In a...