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The altcoin, much like a lone traveler in a storm, is currently facing a 26.4% decline over the past two weeks. As it charts its own path, the coin is finding it increasingly difficult to maintain its value in a market that seems to shift with the wind. 🌬️
So, you’re here for the good stuff, right? You don’t want to sit on the sidelines while others make their fortune. Let’s take a glance at some under-the-radar altcoins that might just be primed to explode, whether it’s from technical setups or fundamental drivers. Trust me, these coins are ready to make a splash.
According to a fancy announcement on July 9, Emirates has signed a Memorandum of Understanding (MoU) with Crypto.com to integrate digital payments into its services. And by services, we mean flights, in-flight meals, and possibly even those fancy airport lounges. The rollout will begin with Crypto.com Pay, because who needs cash when you can use cryptocurrency, right? 💸
A SPAC, in case you’ve been living under a rock, is essentially a shell company that’s already listed publicly. This magical creation allows companies to skip the usual IPO process and just slide into the stock market like a kid into a candy store. All while avoiding the pesky problem of SEC regulations and the dread of going through a drawn-out public offering. Gotta love it, right?
According to CoinMarketCap data, RLUSD now has a circulating supply of 501.24 million. Its market capitalization has also increased by 3.28% to $501.21 million. Not bad for a stablecoin that’s still relatively new to the game 🎉. It’s worth noting that the stablecoin market is dominated by industry giants like Tether (USDT) and Circle (USDC), but RLUSD seems to be holding its own.
According to a report by the market analytics platform CryptoQuant, the correlation between a weak DXY and a robust BTC has been a recurring theme, much like the punchline to a well-told joke.
Because life is chaos and so, naturally, is investing, BeInCrypto has decided to run the ruler over two more meme coins alongside BANANAS31—just in case Zumba with banana money isn’t enough for you.
According to a report that made its way to Bloomberg, BlackRock’s Investment Institute strategists have upgraded their view on European government bonds from slightly underweight to neutral. They’re practically giving US government debt the cold shoulder, comparing it to a less attractive cousin. 🤷♂️
Lubin, who is also the chairman of SharpLink Gaming, said that Ether treasuries are “a great business to run.” He also claimed that “it’s going to be critical to enable the supply-demand dynamics of Ether to right-size as we build more and more applications.”
SHIB, the world’s second-largest meme token by market value, traded above the 23.6% Fibonacci retracement of the May-June sell-off as of writing, up over 1% on a 24-hour basis, according to CoinDesk data.
