On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system of the XRP Ledger. On January 1 (Monday), the company will unlock $620 million worth of tokens in three transactions of 100 million, 400 million, and 500 million XRP. Interestingly, January 2024’s unlock accrues for 1.84% of the current 53.56 billion circulating supply ...
In the volatile world of cryptocurrency trading, savvy investors know how to avoid unnecessary risk exposure to cryptocurrencies. For example, the Relative Strength Index (RSI) signals potential overvaluation when it surges above 70, marking assets as overbought. Notably, three cryptocurrencies flash warning signs with their high RSI readings. In this context, traders must exercise caution and apply stringent risk management ...
With 2023 drawing to a close, investors have benefitted from the good performance of the stock market. Conversely, many commodities have experienced gains in value. Investors might wonder which commodities they should invest in in 2024 while considering the ongoing global developments, weather conditions, inflation, and supply and demand dynamics. Finbold utilized AI-driven solutions, ChatGPT from OpenAI, that considers all ...
Since the beginning of 2023, Ripple has made massive progress in its court battle against the United States Securities and Exchange Commission (SEC), which has accused the blockchain company of illegally selling the XRP token, a cryptocurrency considered a security by the regulator. Specifically, at the year’s turn, the XRP community was on the fence about the lawsuit’s future, with ...
With the year 2024 just around the corner, many assets in the cryptocurrency sector seem to be taking a breather before entering the new year with more optimism, and some, still available under $0.10 per wholecoin, are a good buy in the next week. In this context, Finbold has scoured the crypto market for a list of three digital assets ...
Despite an impressive 80% monthly rally in December that propelled its market cap to the fourth position among all cryptocurrencies by size, the price of the Solana (SOL) token experienced a post-Christmas dip, falling to $107. Nevertheless, this price increase of Solana has prompted investors to look for a possible entry point into this cryptocurrency, as it shows signs of ...
In an exclusive interview with Finbold, Cecilia Hsueh, the CEO of Morph, a consumer-centric blockchain layer two platform, explored the expected transformation of consumer-focused blockchain. She discussed several factors with the aim of making blockchain technology more accessible, ultimately aspiring to turn it into a daily utility for the broader population. In the context of this discussion, the co-founder shared ...
As 2023 approaches its conclusion, certain assets within the cryptocurrency market continue to witness price growth, while others are experiencing a deceleration in their gains compared to previous weeks. Shiba Inu (SHIB) is among those exhibiting a slowdown, prompting investors to contemplate whether it will achieve a rally to the desired psychological level of $0.01 in 2024. Shiba Inu initiated ...
With the world in the midst of escalating geopolitical tensions and other strong influences, it is no surprise that commodities are feeling this effect as well, with the price of gold recently soaring to its all-time high (ATH), Bitcoin (BTC) growing 160% this year, while other commodities are dropping, suggesting a ‘great reset.’ Indeed, according to the senior Bloomberg commodities ...
At the end of 2023, Bitcoin (BTC) is starting to consolidate the impressive gains it accumulated in recent weeks but is still trading around the massively important psychological level of $43,000, with its historical price action suggesting a specific period when it could go parabolic. Specifically, the price action of Bitcoin following Christmas week in 2022 was “similar to that ...
