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Showing posts with the label momentum

Litecoin Surges 14%, Is LTC Slated To Hit $200 In February 2025?

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Litecoin (LTC) was finally making news after staying on the sidelines for years. The altcoin is one of the earliest cryptocurrencies and was dubbed as digital silver while Bitcoin was called digital gold. Despite its early popularity, the asset was seen dropping down in terms of ranking. An LTC exchange-traded fund filing is the reason that the asset has been making noise yet again. While the asset was seen recording a double-digit spike, the real question is if LTC can continue this momentum into the next month. Also Read: Ethereum Could Hit $4,500 In February, Here’s Why SEC Acknowledges Litecoin ETF Application Source: tokenmetrics Canary Capital’s proposal for a Litecoin ETF was acknowledged by the SEC. This further gives the community confidence that it may eventually be listed on exchanges. It will be a significant milestone if the LTC ETF garners a green signal. This is because it would be the SEC’s first recognition of an altcoin ETF filing. According to Bloomberg se...

Dogecoin: How DOGE Can Surge If It Holds Current Support Level

Despite a difficult August that saw the asset plummet nearly 25%, Dogecoin is back on the mend this week. DOGE has started a fresh increase above the $0.100 resistance against the US Dollar. With the asset climbing this week, holding above 10 cents for enough time could bring positive gains, showing its resilience. The last several weeks have not been great for DOGE. The token has lost more than 20% of its value in the last 30 days, according to CoinMarketCap. Yet, a turnaround may already be taking place. The last 24 hours have seen the crypto increase more than 2% to reach its current $0.10 level. With September around the corner, the altcoin market also hopes for a stellar recovery. Most of the bullish bets are placed on Ripple (XRP) and Dogecoin. Currently, on-chain data reveals a key bullish trend line forming with support near $0.1050 on the hourly chart of the DOGE/USD pair. The coin has teetered around this price point for the last 48 hours but remains steadily past it. This is...

Crypto market gains momentum led by Bitcoin & RebelSatoshi despite Aurory Protocol security breach

In the fast-paced world of cryptocurrencies, Aurory, a gaming platform on the Solana blockchain, recently faced a significant security breach.  Meanwhile, the broader crypto market is gaining momentum, with Bitcoin and RebelSatoshi leading the charge. Let’s dive into these contrasting scenarios and see why they’re grabbing headlines. Aurory Protocol’s Security Breach Aurory, a notable gaming platform on the Solana blockchain, experienced a serious cyber attack. The platform’s AURY-USDC liquidity pool was hit hard, with approximately 80% of its assets compromised. This breach is a stark reminder of the security challenges that blockchain platforms face. The Aurory team, however, deserves credit for their quick response. They swiftly disabled the SyncSpace feature, a crucial move to halt further unauthorized transactions and protect the remaining funds and NFT assets. The attack was executed by exploiting vulnerabilities in the SyncSp...