TL;DR Breakdown A large portion of MATIC tokens was sent to crypto exchanges before the massive price drop. Analysts blame SEC for the massive drop in token prices. Amidst a notable price drop, blockchain data reveals that key market makers, Jump Trading and Cumberland, sent millions of dollars worth of Polygon (MATIC) to various crypto exchanges on Friday night. Analytics firm Lookonchain reported the transactions, stating that Cumberland deposited 9 million MATIC, valued at over $6.3 million, to Binance, and 5 million MATIC, worth $3.5 million, to Coinbase. Additionally, a crypto wallet associated with Cumberland, Jump Trading, and Robinhood deposited a cumulative total of 9.4 million MATIC to different crypto exchanges. A large portion of MATIC tokens moved to exchanges These deposits seemingly led to the selling of MATIC tokens on the exchanges, resulting in a sudden and significant decline in price. Similar price movements were observed in other tokens such as Cardano (ADA) and Solana (SOL), which experienced drops of up to 25% within the past 24 hours. The tokens’ price fluctuations are likely connected to recent allegations of…

TL;DR Breakdown U.S. inflation is expected to slow significantly, potentially causing the Federal Reserve to pause interest rate increases in June. The drop in inflation is driven by weaker energy prices, while core CPI remains high due to used car prices. The anticipated decrease in inflation and its impact on interest rate policy is being closely monitored globally. Eurozone and U.K. economies also face inflation-related challenges, prompting discussions on interest rate adjustments. The U.S. economic landscape is experiencing a shift as the anticipated decrease in inflation looms, with the possibility of prompting the Federal Reserve to halt its interest rate hikes. Set against a backdrop of only marginal easing in April, this downward inflation trend could create compelling grounds for the Federal Reserve to hit the pause button on interest rate increments come June. Shifting U.S. inflation trends The Bureau of Labor Statistics is predicted to deliver an encouraging report showing that inflation was 4.1% year-on-year in May, a considerable reduction from April’s 4.9% and the 5% observed in March. The expected decrease in the Consumer Price Index could add…

Contents hide 1 Algorand Price Prediction 2023-2032 2 How much is ALGO worth? 3 Algorand price analysis: ALGO swiftly recovers from all-time low 4 Algorand Price Predictions by Cryptopolitan 4.1 Algorand Price Prediction 2023 4.2 Algorand Price Prediction 2024 4.3 Algorand Price Prediction 2025 4.4 Algorand Price Prediction 2026 4.5 Algorand Price Prediction 2027 4.6 Algorand Price Prediction 2028 4.7 Algorand Price Prediction 2029 4.8 Algorand Price Prediction 2030 4.9 Algorand (ALGO) Price Prediction 2031 4.10 Algorand Price Prediction 2032 5 Algorand Price Prediction By Industry Influencers 6 Algorand Overview 7 Recent News on Algorand 8 More on Algorand 9 Conclusion Algorand Price Prediction 2023-2032 ALGO Price Prediction 2023 – up to $0.32 ALGO Price Prediction 2026 – up to $0.97 ALGO Price Prediction 2029 – up to $3.10 ALGO Price Prediction 2032 – up to $10.08 If you are thinking of investing in a cryptocurrency, Algorand is one of the best choices you can make. However, it is not just enough to hold the ALGO cryptocurrency in high esteem. The coin has to perform up to expectations. You have…

TL;DR Breakdown Economist Jim Rickards predicts the introduction of a new BRICS currency that may destabilize the U.S. dollar’s global dominance. Eight nations have formally applied to join the bloc, and 17 others are interested, further strengthening the bloc’s influence. Celebrated economist Jim Rickards, famed for his best-selling book “Currency Wars,” forecasts a potential upheaval in the global economic order. According to Rickards, this shake-up centers around the BRICS nations – Brazil, Russia, India, China, and South Africa – as they could be on the precipice of introducing a novel currency that could potentially destabilize the U.S. dollar’s long-held supremacy. BRICS’ bold bid to upset the dollar dominance Rickards anticipates an upcoming announcement at the BRICS leaders’ summit in August, which could unveil an audacious plan – the launch of a unique currency. This new monetary initiative has the potential to degrade the U.S. dollar’s dominance in global payments and reserves, possibly succeeding in just a few years. This remarkable development, however, isn’t a spur-of-the-moment decision but a strategic move fostered over time by several nations seeking inclusion in the…

Contents hide 1 ApeCoin Price Prediction 2023-2032 2 How much is ApeCoin (APE) worth? 3 ApeCoin price analysis: APE recovers from ATL 3.1 APE price analysis 1-day chart: ApeCoin shows signs of recovery 3.2 APE/USD 4-hour price chart: APE/ USD corrects upwards 3.3 What to expect from APE price analysis next? 4 ApeCoin Price Prediction by Cryptopolitan 4.1 ApeCoin Price Prediction 2023 4.2 ApeCoin Price Prediction 2024 4.3 ApeCoin Price Prediction 2025 4.4 ApeCoin Price Prediction 2026 4.5 ApeCoin Price Prediction 2027 4.6 ApeCoin Price Prediction 2028 4.7 ApeCoin Price Prediction 2029 4.8 ApeCoin Price Prediction 2030 4.9 ApeCoin Price Prediction 2031 4.10 ApeCoin Price Prediction 2032 4.11 ApeCoin Price Prediction by Wallet Investor 4.12 ApeCoin Price Prediction by CoinCodex 4.13 ApeCoin Price Prediction by Technewsleader 4.14 ApeCoin Price Prediction by Market Experts 5 ApeCoin Overview 6 ApeCoin Price History 7 Recent News/Opinions on the ApeCoin Network 8 More on the Apecoin Network 8.1 What is ApeCoin? 8.2 How does ApeCoin Work? 8.3 Team Behind ApeCoin 8.4 Utility of the ApeCoin Token 8.5 What Is The ApeCoin Foundation? 8.5.1 Mission…

TL;DR Breakdown Latin American Bitget users climbed 43% and deposits 134% from June 6 to June 9. Legal action against Binance, a crypto exchange, was initiated by the United States on June 5. The number of Brazilian customers joining the exchange increased by 54%, while the total amount of money they deposited increased by 208%. As a result of the legal issues between Binance and Coinbase, crypto investors in Latin America (Latam) are increasingly using Bitget as an alternate platform. Bitget is gaining popularity as a trustworthy and safe crypto trading platform in Latam. Important transactions in the past have also been challenged in court. Bitget saw a 43% increase in users from Latin America last week, while deposits increased by 134%. Bitget gains Latin American users amid Binance and Coinbase lawsuits Bitget, a crypto exchange, has seen a meteoric rise in its customer base across Latin America. The increase in new signups follows a lawsuit filed by US officials against Binance and Coinbase. According to Bitget, between June 6 and June 9, new users in the region surged by…

TL;DR Breakdown The CFTC highlights the “wake-up call to anyone who believes they can circumvent the law by adopting a DAO structure” with the Ooki DAO case study. The government accomplished this, and Bean and Kistner agreed to a $250,000 fine as a settlement. Ooki DAO answered only a few subpoenas, despite the submission of numerous amicus papers from various parties commenting on the case. Last year, a federal district judge sided with the Commodity Futures Trading Commission (CFTC) in its civil enforcement case against the Ooki DAO (Decentralized Autonomous Organization.) This decision might have far-reaching repercussions for the DAO structure. The CFTC calls the court’s ruling that the DAO is a “person” under the Commodity Exchange Act a “sweeping victory.” Decentralized autonomous organizations (DAOs) are organizations that make their own decisions and run on blockchain networks with the use of smart contracts. They are built to operate autonomously without a single point of control. These pioneering organizations have grown in notoriety in recent years due to their potential to disrupt areas like banking, government, and capital markets. Legal consequences:…

TL;DR Breakdown Monero price analysis suggests sideways movement across the short term. The closest support level lies at $135.00 XMR faces resistance at the $147.00 mark The Monero price analysis shows that the XMR price action has found support at the $135.00 mark. Currently, the price action has risen to the $138.00 level and seems to be recovering further.  The broader cryptocurrency market observed a negative market sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include BNB and XRP recording a 9.56 and an 8.53 percent decline respectively.  Monero price analysis: XMR sticks to $136.00 Technical indicators for XMR/USDT by Tradingview The MACD is currently bearish as expressed in the red colour of the histogram. On the other hand, the lighter shade of the indicator suggests an increasing bearish momentum as the price bounces back at the $135.00 support level.  The EMAs are trading below the mean position as net price movement over the last ten days remains strongly negative. Currently, the EMAs are trading far from each other showing strong bearish momentum…

TL;DR Breakdown VeChain price analysis is bearish today. The strongest resistance is present at $0.0218. The strongest support is present at $0.0142. VeChain price analysis shows that the price of VET/USD has followed a strong upwards trend in the last 24 hours. The price has maintained an upward trajectory, experiencing substantial growth and coming close to reaching the $0.016 threshold. The market sentiment is optimistic, with the cryptocurrency displaying an upward trend. Over the past 48 hours, the price has gained positive momentum, climbing from $0.0139 to $0.0151, peaking at $0.0155 throughout the day. At present, VeChain’s value stands at $0.0157. As of today, VeChain is priced at $0.0157, with a trading volume of $62.78M and a market capitalization of $1.13B. It holds a market dominance of 0.11%. Over the past 24 hours, VeChain’s price has increased by 4.31%. Currently, the sentiment surrounding VeChain’s price prediction is bearish, and the Fear & Greed Index indicates a neutral value of 47. VeChain’s circulating supply is currently 72.71B VET out of a maximum supply of 86.71B VET. The yearly supply inflation rate stands…

Aptos Price Prediction 2023 – up to $10.85 Aptos Price Prediction 2026 – up to $33.20 Aptos Price Prediction 2029 – up to $95.95 Aptos Price Prediction 2032 – up to $292.82 The automatic release of new APT tokens into the open market is valued at over $50 million based on current prices. Cryptopolitan foresees risk factors moving from Bitcoin to Ethereum-specific risk factors with the increasing importance of market factors, providing evidence for a decoupling of on-chain and off-chain trading activity. So, it’s interesting to see how the token release will affect prices. There was evidence that, unlike traditional financial markets, cryptocurrency volatility is not associated with market downturns. Observers also noted that, after gaining widespread attention and with many traders entering the market, the off-chain trading activity and risk evaluation have become more decoupled from on-chain activity. Contents hide 1 How much is the APT token worth? 2 APTOS price analysis: Will APT go up? 2.1 APT price analysis 1-day chart: APT/ USD loses 40% over the week 2.2 APT/USD 4-hour price chart: APT momentum subsides 2.3 What to expect…