Top stories this week
- Ripple Announces USD-Backed Stablecoin Launch
Ripple plans to launch a US dollar-pegged stablecoin on the XRP Ledger and Ethereum, potentially shaking up the dominance of other stablecoins like USDT and USDC. - Crypto.com Gets Operational License in Dubai
Crypto.com has been granted a license to operate in Dubai, bolstering its presence in the Middle East. - Binance Discontinues Support for Bitcoin Ordinals
Binance has announced an end to support for Bitcoin Ordinals as they seek to streamline their offered products. - OneCoin Legal Executive Sentenced to Prison
OneCoin’s Head of Legal and Compliance has been sentenced to 4 years in prison for their involvement in a multibillion-dollar crypto scheme. - Ripple CEO Predicts Doubling of Crypto Market
Ripple CEO Brad Garlinghouse prognosticated that the cryptocurrency market could double to a valuation of $5 trillion by the end of 2024. - Bitcoin Halving Event Could Trigger Price Changes
An executive has warned of a potential Bitcoin price slump despite optimism surrounding the coin’s halving event. - VanEck Predicts $1 Trillion Valuation for Ethereum Layer 2s by 2030
VanEck projects Ethereum layer 2 networks to surge in value and reach a $1 trillion market cap by the end of the decade. - Toncoin Surpasses Cardano in Market Cap
Toncoin reached a new all-time high, overtaking Cardano to land in the top ten cryptocurrencies by market capitalization. - Coinbase to Integrate Bitcoin Lightning Network
Coinbase moves forward with plans to integrate Bitcoin’s Lightning Network through a partnership with Lightspark for instant and cost-efficient Bitcoin transactions. - PayPal Integrates PYUSD for Cross-Border Transfers
PayPal’s PYUSD stablecoin is now available for cross-border transfers and conversions to U.S. dollars, thanks to an integration with Xoom.
Hottest coins of the week
The featured cryptocurrencies list was generated through our sophisticated AI-driven analysis that meticulously evaluated the market sentiment surrounding tokens within the 500 most prominent articles over the past week, in conjunction with a thorough AI-examination of their price trends.
- Nervos Network (CKB)
Nervos Network (CKB) has seen remarkable price increase, with a rise of 10.86% in the last 24 hours and a spectacular surge of 90.02% within the week. The coin lead the crypto market with a 47.1% jump in value last week, largely attributed to the favourable market conditions in the altcoin universe, evident from the demand in CKB token which is growing constantly. Despite a downturn in the broader cryptomarket, CKB has managed to maintain its bullish streak, demonstrating its resilience and potential for substantial gains. - Ethena (ENA)
Ethena (ENA) has witnessed notable advancements, causing a rapid price growth by +22.20% in the last 24 hours and +42.61% within the week. The coin’s listing on Binance Launchpool and the inclusion of Bitcoin as collateral for its synthetic dollar-pegged product drove demand. Successful investor participation in a 750M ENA airdrop and Ethena’s strategic partnership with Frax Finance contributed to the surge. With rumors of critical flaws in the system, market participants still consider ENA an attractive asset leading to sustainable growth. - Aerodrome Finance (AERO)
The Aerodrome Finance (AERO) saw a surge in price by 4.65% in the last 24 hours, amassing an impressive weekly gain of 30.62%. This remarkable upswing can be attributed to AERO’s prominent trading activity on UniSwap, which contributed to Base’s record high DEX volume day, surpassing $1 billion. In addition, public endorsements from influencer Brian Jung predicting a significant spike in AERO’s price further boosted investor’s confidence. - MANTRA (OM)
MANTRA (OM) continues to show remarkable resilience, with its price surging +7.22% in the last 24 hours and +29.00% this week. Driving this impressive growth are increased adoption of MANTRA on various platforms, strong community backing, and promising partnerships. Investors are turning their attention towards MANTRA as it constantly outperforms several major cryptocurrencies. The potential for continued growth remains high as MANTRA pushes for more innovative developments and strategic partnerships. - ORDI (ORDI)
The ORDI coin exhibits promising potential, following a 7.46% increase in the last 24 hours and a 24.13% surge this week. The upward trajectory appears to be driven by the coin’s growing fame, underpinned by its early adoption of smart contracts on Bitcoin blockchain. Increased betting activity on ORDI ahead of the halving event highlights the heightened anticipation for the coin among investors. The rapid price movement is a positive reflection of investor sentiment towards ORDI’s strong competitiveness in the burgeoning cryptocurrency market.
The contents of this publication are generated using artificial intelligence technology. The information and opinions presented herein are solely based on data inputs and algorithms, and do not represent the views or expertise of any human author or entity. This publication is provided for informational and entertainment purposes only and should not be considered as professional or investment advice. The Crypto App does not claim to present any viewpoint regarding the potential market prices of any company`s securities or tokens at any given time. The Crypto App makes no representations or warranties, express or implied, regarding the accuracy, reliability, or completeness of the information provided by the artificial intelligence system. Users are encouraged to verify any information obtained from this publication independently before making any decisions or taking any actions based on it. The company disclaims all liability for any direct or consequential losses, whether direct or indirect, arising from the use of the information presented in this publication. Users of this publication acknowledge that they use it at their own risk and that the company shall not be held responsible for any consequences resulting from such use. By using this website, The Crypto App or any related social media accounts, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this publication or its contents is illegal and subject to legal penalties.