On Wednesday, a data analytics platform identified a series of big whale transactions, indicating some of the highest activity seen for altcoins in the past three months.

What Happened: According to Santiment, "It isnt just Bitcoin BTC/USD holders who are polarizing now that $30k has been crossed."

A whale moved $27.9 million worth of Apecoin APE/USD making it the biggest altcoin move from exchange to exchange, in the last three months.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Aave AAVE/USD ranked third among the altcoins with a whale transferring $21.4 million. This was an exchange-to-exchange move as well, whereas Lido Dao LDO/USD stood in seventh place with a transaction of $15.6 million between non-exchange to non-exchange addresses.

The combined whale activity of the three altcoins comes to $64.9 million.

Price Action: At the time of writing, BTC was trading at $30,106.61, up 0.52% in the last 24 hours, according to Benzinga Pro.

Read More: Ethereums Shapella Upgrade Pushes It Higher, Bitcoin, Dogecoin Decline: Analyst Predicts 47% Rally For This Altcoin

Read more from the original source:
Crypto Whales Move Over $65M In 3 Altcoin Transactions - AMC Enter Hldgs (NYSE:APE) - Benzinga

Ripple has been fighting the Securities and Exchange Commission (SEC) for the last two years. The lawsuit, which is expected to become a landmark case in crypto regulation, is nearing its conclusion, and the possibility of losing the case has got many Ripple users worried. But even if Ripple loses the case, they should not panic.

Since December 2020, Ripple has been suffering the legal torture that the SEC put out, and the company still stands strong, still finding real-world use cases. Even though many cryptocurrency exchanges have delisted their native token XRP, the project is continuing to serve the inherent purpose of its existence.

Banks and international payment facilitators to date remain unbothered by the lawsuit as major US and UK banks have been deploying Ripples services for years now. The likes of Bank of America in the United States have been maintaining their partnership with Ripple since 2020. Similarly, PNC Bank has also stuck with Ripple since 2016 for faster payments.

In the United Kingdom too, Standard Chartered is sustaining its partnership of seven years with Ripple. The bank has opened payments to nearly 50 countries with the help of the service provider, expanding its reach significantly.

Furthermore, the increasing geopolitical troubles among nations and recent banking failures may lead to central banks pulling away from depending on corresponding banks. The fallout between Russia and the United States, as well as the de-dollarization that Russia and China commenced in their bilateral trades, are examples of how central banks might find trouble communicating transactions. This could be a boon to Ripple as it was designed to fill this role.

The lack of negative influence of the lawsuit is visible in the fact that Montenegro even picked the blockchain for the pilot program of its CBDC. This came at a time when regulatory uncertainty has been at its highest in the crypto market, with the SEC cracking down on everyone.

Although all indications suggest that Ripple is on its way to winning the ruling in the lawsuit, a loss may still have some impact on the altcoin, albeit minimal. All that losing the case would do is mandate XRP to register as a security to be relisted by exchanges.

As it is, the XRP communitys bullishness has kept the token among the top 10 cryptos with a market cap of $27 billion. Furthermore, supporters could lean in further on the token to avenge the project. This would keep the altcoin afloat even after the outcome bearing no significant damage to XRP.

All XRP has lost in the last two years since the lawsuit began is its social presence, which seems to be returning. At the moment, XRPs social dominance is sitting at April 2021 highs, with the project registering two out of every 100 crypto-related queries to its name. Even if the case is lost, XRP will likely maintain these levels.

XRP social presence

However, this would increase the SECs powers and scrutiny over other cryptocurrencies. The recent regulatory crackdown has been terrible as is for the crypto market, and additional power could make it worse.

The SEC could achieve its aim of becoming the chief regulator, bringing high fines to projects that dont meet its security standards. The regulatory body might also implement a stricter industry environment, making the crypto space far less lucrative for developers and leading to a decline in innovation in the industry.

See more here:
XRP may not bear an impact as terrible as other altcoins would, even if Ripple loses the SEC lawsuit - FXStreet

A closely followed crypto analyst is predicting an implosion for Bitcoin (BTC) and altcoins as he believes that a recession and a stock market collapse are on the horizon.

In a new strategy session, Nicholas Merten, the host of DataDash, tells his 511,000 YouTube subscribers that Bitcoin bulls are betting on a sustained rally following BTCs breakout performance to start the year.

However, Merten says that crypto is likely at the tail end of its rally as he believes the Federal Reserve will not create the conditions needed to spark a new bull market.

This focus that a lot of the bulls are betting on, which is that the Fed [is] going to save the day, everythings going to start moving up and accelerating again and kick off a new bull market

The Fed is not going to be able to stimulate the kind of risk-on behavior that you see in a typical bull market, especially in alternative assets like altcoins that are definitely riskon. This is not telling me that the markets are ready to sustain a long-term uptrend. If anything, this is telling me weve been through a pretty bloated relief rally that is likely going to fade over the next coming weeks and months.

Merten goes on to say that investors should expect an upcoming recession and be wary about narratives centered around BTC spiking to $1 million due to the economy crashing.

The only narrative that people are excited about is AI (artificial intelligence), which has definitely made progress, but is not looking to make any profit anytime soon, more specifically, burning capital over the next couple years going into a tightening environment, potential recession over the next couple of months.

I just really cant make these bets I know a lot of people can get people hooked in, saying, Bitcoins going to $1 million, the systems gonna collapse

If you guys want a little bit of exposure, if you want to hedge your wealth, all you need to have is fractional exposure. You dont need to go all in on something. Youll still make great returns and hedge yourself and protect your core wealth if the entire system collapses.

The analyst also says that the US stock market is approaching a key resistance level, indicating that a significant correction may be in sight.

Unfortunately, it does not look good here folks. Since back in January of 2022, around the same time we got the red flip on Bitcoin, we can see that the red resistance band has been a really good gauge. When price starts to get close to this range, inside the red band, its time to start getting ready to go short. We are already relatively close to this band.

Bitcoin is trading for $28,015 at time of writing, a fractional gain on the day.

I

Generated Image: Midjourney

Originally posted here:
Crypto Analyst Predicts Bitcoin and Altcoin Implosion Amid Incoming Recession and Stock Market Collapse - The Daily Hodl

Cryptocurrencies have become a popular option in recent years, with numerous altcoin tokens gaining popularity in the market. Among the many altcoins available, Fantom (FTM) and Tron (TRX).

In addition, Collateral Network (COLT) is a favorite among analysts, who predict a 3500% surge during its ongoing presale.

>>BUY COLT TOKENS NOW<<

Fantom (FTM)

The new smart contract platform, Fantom, has been seeing some bullish momentum in recent weeks. Fantom reached a major milestone last week, pointing to a surge in user adoption.

Fantom (FTM) is a decentralized smart contract platform that aims to provide high-speed transactions and low transaction fees.

The platform uses a unique consensus algorithm known as Lachesis. This unique mechanism gives Fantom its fast and secure transactions. FTM is used as a medium of exchange and as a means of paying transaction fees on the Fantom network.

Fantom recently achieved a major milestone by having more than 50 million unique addresses on the network. This figure is a sign of growing popularity and adoption of the Fantom network. This achievement will also help increase the demand for FTM, boosting its price.

Tron (TRX)

Justin Suns Tron blockchain has just released a major upgrade, one that holders will appreciate. Tron is overhauling how staking TRX will work.

Tron (TRX) is a blockchain platform that focuses on providing a decentralized entertainment ecosystem. As such, Tron aims to disrupt the entertainment industry by providing a platform for the distribution and sharing of digital content. However, Tron is also an all-purpose blockchain, with DeFi, dApps, NFTs, and all the other smart contract applications.

The platform recently launched Tron Stake 2.0, a new staking mechanism that allows users to stake their TRX tokens and earn rewards. This new staking mechanism is expected to have a significant impact on the TRX tokens value and adoption.

Tron Stake 2.0 will improve staking and resource management, previously difficult to manage under the old stake method. The new staking mechanism also allows for greater flexibility and control over staking activities on Tron, making it more attractive for users.

Collateral Network (COLT)

Collateral Network (COLT) is a decentralized lending platform that enables borrowers to obtain loans against tangible assets. With Collateral Network, owners of assets such as fine art, and vintage cars can get loans quickly and easily.

The network works by minting NFTs against physical assets, fractionalizing them, and allowing the community to fund the loans. This makes Collateral Network NFTs 100% asset-backed, providing security for lenders. Collateral Network aims to disrupt the lending industry by bringing it into the digital era, making it more accessible and transparent.

Collateral Networks native token, COLT, has several features that offer discounts and rewards to token holders. These include discounts on borrowing fees and trading fees, exclusive access to online auctions, and staking.

COLT token is currently in its presale phase, and early adopters have a unique opportunity to benefit from several advantages. One of the primary benefits of getting in early is the potential for significant price appreciation.

Right now, Collateral Networks token sells at a heavily discounted price of $0.014 already up from $0.01. As the presale comes to an end, that price will go as high as $0.35, a 3500% increase. As the Collateral Network gains more traction and awareness, the COLT token is bound to grow.

Read about the Collateral Network presale here:Website: https://www.collateralnetwork.io/Presale: https://app.collateralnetwork.io/registerTelegram: https://t.me/collateralnwkTwitter: https://twitter.com/Collateralnwk

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3 Must-Have Altcoin Tokens: Fantom (FTM), Tron (TRX) and ... - Crypto Reporter