Bitcoin Cash [BCH] is down 7.7% in the past 24 hours and has shed 12% over the past week. The quick, bearish price reaction was likely a result of the hawkish fears following the speech of Federal Reserve Chair Kevin Warsh at Jackson Hole.
BCH’s Open Interest was down 9.6% in a day, reinforcing the bearish short-term pressure on the altcoin. Interestingly, the long-term trend was also bearish.
Was the recent rally only a minor reprieve for Bitcoin Cash? Source: BCH/USDT on TradingView For two years, BCH traded within a range (purple), which it lost in May. The August rally has only been a retest of the lower bounds of this long-term range as resistance. The rejection from $300 showed sellers still have the upper hand.
The technical indicators were firmly bearish, too. The CMF was at -0.24 to signal heavy capital outflows, and the RSI was at 39 to show that bearish momentum was prevalent. The OBV was trending downward in 2026 as well.
The $188 support from 2023 has been defended so far. Based on the weekly chart, it appeared to be only a matter of time until this support, too, was broken.
Bitcoin Cash tends to trade like a leveraged Bitcoin asset. This means a bull market for the latter could see a recovery for BTC and a potential rally beyond $300 later in 2026 for BCH.
Traders’ call to action – Keep an eye on the bullish case Source: BCH/USDT on TradingView On the 1-day timeframe, the structure has begun to shift bullishly. A local high of $250 from July has been flipped to support. At the time of writing, the altcoin was testing this area as a demand zone.
The CMF and momentum signaled capital inflows and upward momentum, but the $250 area is critical. A price drop below $222 would considerably hurt the chances of a Bitcoin Cash recovery in the coming weeks.
As things stand, traders can be hopeful of a price bounce but should be ready to cut a losing trade in case of a Bitcoin Cash price drop below $222.
Final Summary Bitcoin Cash presented a firmly bearish outlook in the long-term after its rejection at $300. If Bitcoin can climb past $82k, and if BCH can defend the $220-$240 pocket, a Bitcoin Cash recovery could become much more likely.
Bitcoin Cash [BCH] saw an 18% surge in price over the past day. However, in a broader context, the move remains relatively small, as the asset has yet to recover after losing more than 52% over the past 90 days.
While the rally continues, leverage remains a growing concern as it largely drives the current run and could leave price vulnerable to a significant pullback. This leaves BCH at risk of a further decline despite its present bullish outlook.
BCH may be overvalued, risking a decline The market appears heated, with longs dominating capital and liquidity in the perpetual market, while the Spot market has failed to match the demand.
The perpetual market saw a massive surge in the Funding Rate on the chart, with the reading jumping to 0.0102%, indicating that there’s been a major increase in the number of long positions in the market.
In fact, at the peak on the 21st of August, the Funding Rate hit 0.0210%, as longs kept paying the funding fee to maintain price disparity.
Source: CoinGlass Interestingly, the perpetual market capital also expanded, with Open Interest surging 13% to about $567 million at the time of writing.
The perpetual market’s positive outlook isn’t concerning on its own, but the weak Spot market raises questions about whether traders have overheated the market.
The Spot market has seen very minimal demand, which shows that the price may struggle to sustain its present level.
This is because there’s been more selling than buying, which has lasted 10 days straight, with a netflow of about $33.39 million within that period.
Price could still move higher There’s a clear sign that BCH may, in fact, trend higher based on the reading of the liquidation heatmap.
The heatmap shows unfilled liquidity clusters above the current price, with sell orders that could potentially push BCH toward $315.
While this is no guarantee that price would move in that direction, areas of dense liquidity clusters like this tend to have a strong pull on price.
Source: CoinGlass Likewise, on the downside, there’s a potential that BCH could still slide lower on the chart, with buy-side clusters at around the $260 mark.
The momentum in price could play a significant role in dictating what path BCH takes, and with more losses accumulated by long traders, the risk of a decline remains a major possibility.
Resistance ahead of price Structurally, price has shown a clear bullish trait. However, there’s still an obstacle in the form of a resistance line marked in dots that the price needs to overcome. Price needs to overcome this level before a bullish move could be set in stone.
The Accumulation/Distribution (A/D) indicator, as well as the Moving Average Convergence Divergence (MACD), has both signaled growing strength and that price could rally.
Source: BCH/USDT on TradingView The MACD formed a crossover, with the blue MACD line crossing over the orange signal line, which has preceded a rally. On the other hand, there’s been a surge in the accumulated volume of BCH, hitting 9.7 million.
Final Summary BCH’s 18% rally is increasingly leverage-driven, while Spot demand has remained weak for 10 consecutive days. The $315 area could attract a higher price, but rising long exposure leaves BCH vulnerable to a pullback toward $260.
A Singapore court has frozen about S$75 million ($58 million) in Bitcoin and USD Coin after a major crypto trading platform alleged that an internal ledger error caused it to mistakenly credit thousands of BTC and Bitcoin Cash to a long-standing customer.
Summary
Singapore’s SICC froze about S$75 million in Bitcoin and USDC linked to a dispute between a major crypto platform and a long-time customer. The platform said an internal ledger error led it to mistakenly transfer 2,500 BTC and 2,500 BCH to the customer’s wallets in July 2024. The customer later moved 780 BTC off the platform and converted another 20 BTC into about 816,773 USDC. The court also ordered the customer to disclose the location of the disputed assets and their proceeds. The platform recovered the remaining 1,700 BTC and 2,500 BCH after discovering the alleged error in January 2025. The Singapore International Commercial Court said the interim proprietary injunction prevents the customer from disposing of, dealing with or reducing the value of about 780 BTC and 816,773 USDC, along with assets, profits or interest derived from them. The order was granted on March 26 after a hearing before Singapore High Court Justice Aidan Xu and SICC International Judges Anthony Meagher and David Goddard.
The dispute involves an anonymised group of companies that operates what the court described as one of the world’s largest digital asset trading platforms and a customer who had used the platform since around 2013. Court documents identified the parties only as DVA, DVB and DVC while an application for confidentiality orders remains pending.
Along with freezing the crypto, the court ordered the defendant to disclose where the disputed assets and their proceeds were being held. The judges declined, however, to give the platform group advance permission to use that disclosure to seek similar injunctions in other jurisdictions, leaving it free to apply for permission later if required.
Singapore court dispute traces back to unsupported wallets At the centre of the case are two specialised wallets that once contained 2,500 BTC and 2,500 Bitcoin Cash. According to the judgment, the wallets were designed as a self-custody product that required security credentials, including a user key held solely by the customer.
Support for the wallet product ended in April 2018, although customers could continue accessing the wallets for a period through an unsupported open-source tool. In March 2020, the entire 2,500 BTC and 2,500 BCH balance was transferred away from the specialised wallets, leaving them effectively empty.
The platform group alleged that a technical problem prevented those withdrawals from being recorded correctly on its internal ledgers. Because the ledger continued to show the assets as remaining in the specialised wallets, the companies operated for several years on the assumption that the customer was still entitled to the balances.
A relationship manager later tried to help the customer recover what the platform believed were assets trapped in the discontinued wallet product. Acting on its ledger records, the platform transferred another 2,500 BTC and 2,500 BCH into other accounts belonging to the customer in July 2024.
The claimants say those digital assets came from their own holdings inside the platform group’s omnibus wallets and were transferred solely because of the mistaken balance shown on the internal system. The customer disputes that account and has maintained that the assets transferred to him were rightfully his.
Mistaken crypto transfers have previously resulted in lengthy recovery disputes. In 2022, crypto.news reported on a Crypto.com transfer error in which the exchange mistakenly sent an Australian customer about $10.5 million instead of a $100 refund and discovered the error months later during an audit.
Customer moved 780 BTC and converted another 20 BTC to USDC After receiving the July 2024 transfers, the defendant began moving part of the crypto away from the platform.
Court records show that on July 13, 2024, the customer converted 20 BTC into about 816,773 USDC and transferred the stablecoins to an unhosted wallet. Five withdrawals between July 17 and Nov. 10 moved another 380 BTC to a separate unhosted address.
A further 200 BTC was transferred on Nov. 24, followed by another 200 BTC on Jan. 7, 2025, bringing the amount sent to a third external wallet to 400 BTC. Some 150 BTC from that wallet was later transferred elsewhere in February 2026, according to evidence submitted by the claimants.
The companies also told the court that subsequent transactions involving the 380 BTC and 816,773 USDC made their current locations difficult to determine. The defendant did not dispute making the transactions but maintained that he had been dealing with crypto that belonged to him.
By the time the platform acted, 1,700 BTC and the full 2,500 BCH transferred in July 2024 remained in the customer’s accounts. The companies froze those wallets on Jan. 29, 2025, and re-credited the remaining assets to themselves in an attempt to reverse part of the earlier transfer.
The platform group subsequently sought the return of the 780 BTC and 816,773 USDC that had already left its system, but the customer refused. The companies valued the assets at roughly S$75 million at the time of the injunction hearing.
Platform alleges unjust enrichment and constructive trust Proceedings were initially filed in the General Division of Singapore’s High Court in November 2025 before being transferred by consent to the SICC.
The claimants’ 62-page statement of claim contains four causes of action, including unjust enrichment, a proprietary claim, deceit or negligent misrepresentation, and an alleged breach of the contractual provisions governing the platform’s services. They are also seeking a declaration that the defendant holds the disputed assets on constructive trust for one of the claimant companies and must return them.
According to the claimants, the July 2024 transfers resulted from their incorrect understanding of the old wallet balances, while the customer allegedly knew about the mistake and took advantage of it.
The defendant has rejected that version of events. He told the court that he did not remember making the March 2020 transfers, although he accepted that blockchain records show the transfers occurred, and argued that the platform’s own admission of faulty internal ledger records weakened its claim that the assets transferred in 2024 belonged to the companies.
He also argued that the transferred crypto could have represented his own assets held elsewhere on the platform or assets belonging to other customers. Having maintained extensive crypto holdings and activity, the defendant said he relied on the platform to keep track of what he held and believed that the July 2024 assets belonged to him.
The customer has counterclaimed for the assets that remain frozen on the platform or compensation of equivalent value, while denying that he knew the companies had made any mistake.
Singapore courts have dealt with several high-value crypto disputes involving exchange operators over the past year. Earlier in August, Binance and RedotPay gave conflicting accounts over the status of a separate Singapore proceeding tied to claims worth nearly $473 million.
Singapore’s courts have also played a role in handling distressed crypto businesses, including proceedings involving WazirX’s Singapore-based parent Zettai, whose restructuring proposal returned to court after receiving 95.7% creditor support in August 2025.
Judges find serious ownership question to be tried For the interim stage of the case, the three-judge panel found enough evidence to establish a serious question over whether the platform companies retained a proprietary interest in some or all of the disputed assets.
The court said it was arguable that the specialised wallet balances were effectively zero before the July 2024 credits and that the platform transferred 2,500 BTC and 2,500 BCH because its internal records incorrectly showed the earlier holdings as still present.
Judges also found an arguable case that the customer knew about the platform’s mistake either when the transfers were made or, at the latest, after the platform discovered the issue and contacted him in 2025. Under that scenario, the court said an argument could be made that identifiable assets and traceable proceeds were held on constructive trust for the claimants.
On whether an injunction was necessary, the court considered the risk that the companies could win at trial but still be unable to recover the crypto if the assets were moved or dissipated.
The judges noted evidence that the defendant had used part of the disputed assets as security for a loan to cover legal costs and had not provided updated evidence about his financial position or current asset holdings. The court found sufficient doubt over his ability to satisfy a substantial judgment if the companies eventually succeeded.
At the same time, the platform group gave the court an undertaking to compensate the customer for losses caused by the injunction if it later turns out that the order should not have been granted.
The disclosure order requires the defendant to identify the whereabouts of assets covered by the injunction, including relevant crypto controlled through third parties acting under his direct or indirect instructions. The SICC left both sides free to return to court, including if the claimants later seek permission to use the disclosed information in civil proceedings outside Singapore.
Bitcoin Cash [BCH] witnessed a 30% surge in daily trading volume on Monday, August 10. It is possible that quiet volume trends over the weekend shifted toward more active market participant engagement.
However, BCH fell 1.2% over the past 24 hours while Open Interest declined 2.26%. The combination suggested traders were reducing leveraged exposure despite the increase in spot trading activity.
Earlier, it was reported that the Cash 3.0 conference did not give Bitcoin Cash sufficient upward momentum. The long-term trend remains bearish, and the overhead supply zone at $250-$280 remains intact.
Source: Cryptid on X Analyst Cryptid Crypto plotted a rising trendline support, stretching back to June 24, that has still been defended.
So long as the altcoin is trading above this support, there’s a chance it can rise above the $224 local resistance and above $232, the analyst argued.
Source: BCH/USDT on TradingView Though the structure on the 4-hour timeframe was bullish, strong demand was missing in recent weeks. The token has been consolidating between $206 and $221 since the end of July.
The path upward is filled with obstacles, but it is likely that the $232 target is met in the coming days and weeks.
Clues from Bitcoin Cash liquidation levels Source: CoinGlass The Bitcoin Cash price action compression around the $214 mark over the past two weeks has resulted in an increasing amount of short liquidation levels building up overhead. The $221-$231 area, in particular, is a nearby magnetic zone to watch out for.
Further north, the $257 area had a much denser cluster of short liquidations. It is possible a sweep of this area would occur before the next bearish long-term move.
Source: CoinGlass The liquidation map showed that the cumulative short liquidation leverage was higher than the long leverage. The high-leverage positions and their liquidations overhead presented an attractive target for the price in the short-term.
Therefore, a move to $232 in the coming days is feasible.
It remains to be seen if the bears take over immediately after, or wait for a sweep of the $257 magnetic zone too.
Final Summary The Bitcoin Cash price action has been constrained within a lower timeframe range over the past two weeks. Clues from the liquidation levels data highlighted why a short-squeeze remains the likely path forward.
Bitcoin Cash [BCH] saw some notable developments recently. At the Cash 3.0 conference between July 31 and August 2, Paytaca demonstrated a self-custodial NFC payment card.
The conference featured merchant payment terminals alongside applications for payroll, freelancing, and lending, AMBCrypto reported.
Another exciting development was a zk-SNARK shielded pool to improve transaction privacy. Right now, it operates only on Bitcoin Cash’s test network Chipnet, but ongoing development can certainly raise public enthusiasm.
This public interest was not yet evident on the price charts.
Bearish Bitcoin Cash price action shows seller dominance prevails Source: BCH/USDT on TradingView On the 1-day chart, Bitcoin Cash’s price structure was firmly bearish. The $188 long-term support level was tested in June and defended admirably. The bounce to $250 has been slowly bleeding over the past month.
The CMF saw an uptick over the past week and has climbed back into the neutral area between +0.05 and -0.05. Yet, it does not show sizeable capital flow that could signal a new short-term price trend.
Meanwhile, the RSI was stubbornly below neutral 50 to signal bearish momentum still has a slight edge.
The $250-$280 area is a notable higher timeframe supply zone. To surpass this area, consistent buying pressure is needed. Moreover, the former long-term range low at $272 will also oppose upward price moves.
As things stand, a bearish bias for BCH is warranted.
Traders’ call to action-Wait to sell Source: BCH/USDT on TradingView A bullish structure was established on the 4-hour timeframe in early July when a former local high at $231.1 [green] was breached. Since making the $255.1 swing high, Bitcoin Cash has been in a retracement phase.
Since mid-July, the altcoin has only been able to bounce high enough to test local supply zones, such as $226 and $220, before falling lower.
Therefore, more of the same is expected. A drop below $200, followed by a retest of that level as resistance, could present a selling opportunity, aligning with the higher-timeframe trend.
Final Summary Improved merchant tools and payment infrastructure for Bitcoin Cash gave a hopeful sign to long-term investors. These advancements have not translated into heightened buying pressure and short-term price gains.
Bitcoin Cash [BCH] traded near $214 after a weekend of product launches and payment demonstrations at the Cash 3.0 Conference in Cebu City.
The event showcased new merchant tools, payment infrastructure, and privacy technology built around Bitcoin Cash. However, the announcements have yet to translate into stronger buying momentum, with BCH trading below key resistance levels.
Cash 3.0 highlights Bitcoin Cash’s payments ambitions The Cash 3.0 Conference, held between July 31 and August 2, brought together developers, merchants, and payment companies building on Bitcoin Cash.
Among the notable announcements, Paytaca demonstrated a self-custodial NFC payment card that uses Bitcoin Cash smart contracts and tap-based authentication, allowing users to make contactless payments without handing custody of their funds to a third party.
The conference also featured merchant payment terminals alongside applications for payroll, freelancing, and lending, highlighting Bitcoin Cash’s continued focus on real-world payments.
Another project presented a zk-SNARK shielded pool designed to improve transaction privacy.
However, the implementation currently operates only on Chipnet, Bitcoin Cash’s test network, and should not be viewed as an active mainnet privacy solution until a public deployment occurs.
Taken together, the announcements help explain the recent increase in interest around Bitcoin Cash, even if the market response has so far remained limited.
Price action remains cautious Despite the renewed development activity, BCH has yet to establish a stronger recovery.
The token traded around $213.90, gaining less than 1% during the session while remaining below the Bollinger Band midpoint at $215.49.
Immediate support sits near the lower band around $205.97, while resistance remains concentrated near $225.
The Bollinger Bands have narrowed following the sharp decline between May and June, indicating that volatility continues to contract as traders await a clearer directional move.
Momentum indicators also suggest buyers have yet to regain control.
Source: TradingView The Negative Directional Indicator [-DI] stood at 19.49, compared with a +DI reading of 16.23, giving sellers a slight advantage.
Meanwhile, the Average Directional Index [ADX] measured 16.93, signalling that the current trend remains weak despite recent price fluctuations.
Trading volume also remained subdued, suggesting the conference announcements have not yet attracted significant speculative demand.
What comes next? For sentiment to improve, BCH would likely need to break decisively above $225, which could open the way towards $240.
On the downside, losing support around $206 would increase the risk of another move towards the $190-$195 region.
For now, Bitcoin Cash is benefiting from renewed ecosystem development, but traders are still waiting for stronger evidence that those developments are translating into sustained demand for the token.
Final Summary Cash 3.0 showcased new Bitcoin Cash payment and privacy initiatives, although the proposed zk-SNARK solution remains on the Chipnet test network. BCH continues to trade below $225, with weak momentum and subdued trading volume, suggesting investors have yet to price in the latest ecosystem developments fully.
Bitcoin Cash [BCH] fell below a range that it had traded within for over two years. The critical support level at $272 was shattered by the selling pressure in May. A test of the $188 long-term support yielded a bounce to $240, which has begun to reverse since the end of June.
The altcoin’s relative strength against Bitcoin [BTC] evaporated in May. In that month, BCH had shed nearly 42%, a sizeable decline that continued into June.
With Bitcoin struggling to climb back above $67k, and the market maintaining a bearish bias, here’s what Bitcoin Cash investors need to watch out for.
Will Bitcoin Cash bulls sink or swim at $200? Source: BCH/USDT on TradingView As covered earlier, the downward momentum picked up in May. The MFI raced from 49.8 in the second week of May to 14.64 by the third week of June. Similarly, the CMF also slid below -0.05 to indicate incessant selling underway.
In August 2023, the swing low at $165.4 had been the one that propelled the Bitcoin Cash uptrend up to $719. Therefore, this swing low is the one that must be breached to flip the weekly swing structure bearishly.
It appeared likely that this bearish scenario would soon unfold.
Lower timeframe Bitcoin Cash price action shows bullish signs Source: BCH/USDT on TradingView The 4-hour chart had a bullish swing structure. The CMF was at +0.12, showing buying pressure was dominant. Yet, the token was in a retracement phase. Over the past week, the buyers have desperately defended the $209.3 support.
A drop toward $196.9 would not be a buying opportunity, given the higher timeframe downtrend.
Source: CoinGlass The rally toward $255 likely came as a liquidity hunt. There still is a pocket of unswept short liquidations around $260. The rally earlier this month peaked at $255 and has retraced since then.
In the short-term, despite the H4 chart’s structure, a bounce up to $227 and $243 were possible. It was more likely that prices would continue below $200, due to the bearish momentum seen since May.
Final Summary The Bitcoin Cash range of over two years was shattered by the strength of selling in May and early June. The long-term bearish momentum is likely to continue and push BCH below $200.
TLDR Bitcoin retreated to $64,000 after reaching a three-week high near $65,600. Ethereum fell below $1,900 after briefly approaching a six-week peak of $1,950. Lower-than-expected US inflation data initially supported gains across the crypto market. Bitcoin maintained a 56.7% market dominance despite its latest price decline. Ondo gained 17%, while Bitcoin Cash and DeXe led losses among larger cryptocurrencies. Total cryptocurrency market capitalization dropped by $40 billion to approximately $2.27 trillion. Bitcoin price returned to $64,000 after briefly reaching a three-week high near $65,600. Ethereum also reversed from a six-week peak near $1,950 and slipped below $1,900. Meanwhile, the broader crypto market lost about $40 billion from its latest daily peak.
Bitcoin Reverses After CPI-Fueled Advance Bitcoin price had traded near $64,000 during a relatively calm and positive weekend. However, renewed tension between the United States and Iran pressured markets when trading resumed. Bitcoin then fell below $62,000 by Tuesday morning as traders assessed the weekend strikes.
Bitcoin price recovered sharply after June inflation figures came below market expectations. It reclaimed $64,000 and later crossed $65,000 as buying activity strengthened across major exchanges. The advance then peaked near $65,600, marking Bitcoin’s highest level in roughly three weeks.
Sellers regained control after the peak, and the Bitcoin price dropped by about $1,500. The asset returned to approximately $64,000, erasing much of the inflation-driven increase. Its market value also declined to about $1.285 trillion, according to CoinGecko data.
Ethereum Retreats From Six-Week High Ethereum outperformed several large-cap assets as it climbed toward $1,950 during the broader rebound. The move placed ETH at its highest level since early June. However, selling pressure later pushed the token below the $1,900 mark.
Bitcoin price remained comparatively stable while Ethereum recorded the stronger short-term move. BNB edged closer to $580, but XRP slipped slightly while contesting the $1.10 level. These mixed results showed limited follow-through among several leading alternative cryptocurrencies.
Solana, Tron, Hyperliquid, Rain, Zcash, Canton, Litecoin, and Cardano all posted daily losses. Bitcoin Cash and DeXe recorded sharper declines among larger assets. In contrast, Ondo gained about 17% as the Bitcoin price stabilized near $64,000.
Crypto Market Value Declines The total cryptocurrency market value fell by roughly $40 billion from its daily peak. It later stood near $2.270 trillion as selling spread across several major tokens. The Bitcoin price decline contributed to the broader pullback after the earlier market advance.
Bitcoin maintained a 56.7% share of the total cryptocurrency market despite the decline. Therefore, its dominance stayed unchanged even as several alternative assets recorded deeper losses. The Bitcoin price remained above levels seen during Tuesday’s early decline below $62,000.
The market ended the period with Bitcoin near $64,000 and Ethereum below $1,900. The Bitcoin price held part of its CPI-driven recovery but remained below Wednesday’s three-week peak. Overall market value also stayed lower as the Bitcoin price rally lost momentum.
Look at the top of the board on July 8, 2026, and you see red: Bitcoin minus 0.3%, Ethereum minus 0.9%, XRP minus 3%, Solana minus 4%. Now scroll down. Zcash up 4.7% on the day. Uniswap up 4%. On the week, three coins that most traders wrote off years ago, Zcash, Uniswap and Bitcoin Cash, are all outrunning Ethereum. The rally did not stop. It rotated.
The frame first, as always. There is no single best altcoin, and anyone selling you one name is selling you their bags. What the data shows is a specific pattern: the majors ran first (BTC +7.1%, ETH +11.3% on the week), paused today, and capital slid into large, liquid, older alts. This list ranks the beneficiaries and the base-layer names, each with its case and its risk.
The One Number That Matters 19.5%. Zcash’s weekly gain, at a $7.88 billion market cap, while every coin in the crypto top 8 printed red over the last 24 hours. A small token pumping on a red day is noise. A seven-billion-dollar asset doing it is a statement: someone with size is buying against the market’s direction. Whether that someone is early or wrong is the question this whole list turns on.
1. Zcash (ZEC): the only green thing on a red screen Price: $469.57. Market cap: $7.88 billion. 24h: +4.7%. 7d: +19.5%. Volume: $518.4 million. Chart on CoinGecko.
The case: ZEC is the strongest large-cap in crypto this week, and today it did something rare, rising while all eight coins above it fell. Privacy is the narrative, but the structure matters more: Zcash shares Bitcoin’s hard 21 million supply cap, and at $469 the market is repricing that scarcity. Volume of $518 million on the day says this is not a thin squeeze.
The risk: privacy coins live under permanent regulatory threat, including exchange delistings, and ZEC has a long history of monster rallies that round-trip completely. A 19.5% week invites a violent give-back, and the coin sits far below its old cycle highs for a reason.
2. Uniswap (UNI): the fee machine waking up Price: $3.22. Market cap: $2.0 billion. 24h: +4.0%. 7d: +18.3%. Volume: $226 million. Chart on CoinGecko.
The case: UNI was the other green coin on a red day, and its turnover ratio (about 11% of its cap traded in 24 hours) shows genuine participation, not a ghost rally. Uniswap remains the largest decentralized exchange, meaning UNI is the closest thing to an index bet on DeFi activity itself. When alt volume rises, Uniswap’s volume rises, by definition.
The risk: at $3.22, UNI trades at a small fraction of its 2021 highs, and years of debate about whether the token captures protocol value have never fully resolved. Buying UNI is buying governance plus hope of fee flows; verify the current status of that story before sizing up.
3. Bitcoin Cash (BCH): the quiet 17.5% nobody is tweeting about Price: $235.93. Market cap: $4.73 billion. 24h: minus 0.1%. 7d: +17.5%. Volume: $100.7 million. Chart on CoinGecko.
The case: BCH climbed 17.5% in a week on barely 2% daily turnover, the signature of a tight holder base and steady, unhurried accumulation. No influencer campaign, no headline, just bid after bid. Rallies that nobody notices tend to last longer than rallies everybody is trading.
The risk: the same silence. Low turnover means low commitment, and a $4.7 billion coin trading only $100 million a day can retrace on modest selling. BCH also lacks a fresh narrative; it is momentum without a story, which works until it does not.
4. Ethereum (ETH): still the base-layer pick Price: $1,735.43. Market cap: $209.6 billion. 24h: minus 0.9%. 7d: +11.3%. Chart on CoinGecko.
The case: ETH led the majors all week and remains the settlement layer for most of what appears on this list, Uniswap included. If the alt rotation is real, Ethereum collects rent on it. Today’s 0.9% dip after an 11.3% week is digestion, not damage.
The risk: at a $209 billion cap, the explosive percentage upside lives elsewhere. ETH is the risk-adjusted pick, not the lottery ticket.
5. Solana (SOL): the sharpest pullback among majors Price: $77.36. Market cap: $45.0 billion. 24h: minus 4.0%. 7d: +4.6%. Chart on CoinGecko.
The case: SOL remains the high-throughput consumer chain, and a 4% red day after a green week is normal volatility for it. For believers in the ecosystem, dips like today are the entry mechanism.
The risk: today’s 4% drop was the worst in the top 8, and SOL’s weekly gain has faded to 4.6% from 10% a day earlier. Momentum is leaking. The ecosystem thesis needs price to stabilize here or the chart starts arguing with it.
6. XRP: the level broke, respect it Price: $1.08. Market cap: $67.67 billion. 24h: minus 3.0%. 7d: +5.1%. Chart on CoinGecko.
The case: XRP is still up 5.1% on the week and holds a massive liquid base at the sixth spot. The long-term arguments have not changed in a day.
The risk: yesterday our coverage said the pullback stays healthy above $1.11. That level broke; XRP closed the day at $1.08. In our framework, this is no longer a dip inside an uptrend, it is a failed first pullback, and the next real line is the round $1.00. Until XRP reclaims $1.11, it earns the bottom of this list, not the top.
Honorable mentions, and the warning that ran DeXe (DEXE) at $28.45 climbed 28.3% for the week, and Lighter (LIT) gained 24.2% despite a 9.4% red day, both mid-caps riding the same rotation with mid-cap risk attached. HTX DAO (HTX) added 13.2%, an exchange token with exchange-token concentration risk. And then there is MemeCore (M): last update we flagged its 90% weekly run as the warning label of the market. It ignored us and ran to +114.4% on the week, at a $1.91 billion cap. Honesty requires saying both things: the warning was early, and it was still right. Tokens that double in a week at billion-dollar caps are where fortunes are made by the fast and lost by everyone who arrives after reading about it. This paragraph is that arrival. Act accordingly.
Key Levels to Watch ZEC: holding above $440 keeps the breakout structure alive; $500 is the round wall ahead. UNI: $3.00 is now the line that separates rotation from noise. BCH: the quiet climb stays valid above $220. ETH: $1,700 is the digestion floor. XRP: $1.00 below, $1.11 above; the coin is between verdicts.
Bottom Line The week’s message is rotation: majors first, old-guard alts second, and today the second group kept rising while the first rested. Zcash is the strongest large cap on the board, Uniswap has the volume to back its move, and Bitcoin Cash is climbing in silence. None of it is a guarantee, and one of this list’s own picks, XRP, just showed how fast a healthy pullback becomes a broken level. Diversify, size small, and let the levels arbitrate.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
You can’t really discuss the topic of cryptocurrency mining without getting into issues surrounding the concept of centralization. One of the greatest aspirations of cryptocurrency communities is to decentralize the monetary system and create “trustless” transactions.
While Bitcoin made a lot of headway towards a trustless currency, there are still concerns. The concentration of power among ASIC miners in a few locations make some people wonder if mining is becoming too centralized.
GPUs And Decentralization At present there are two leading forms of mining, as Crypto Briefing has previously explained. Bitcoin, Litecoin and other leading cryptocurrencies can be mined with ASICs, highly specialized devices which can only perform a specific algorithm. Monero, Zcoin and some other cryptocurrencies can only be mined by commercially-available GPUs and CPUs
GPUs are common and relatively inexpensive. A standard gaming PC has at least one GPU in it, sometimes two. These video cards, distributed all over the world, allow for a widespread and highly decentralized network.
ASICs on the other hand, are more specialized, very expensive, and much harder to find. Because they are expensive and harder to set up, ASIC networks tend to be centralized among the wealthier people who have the means to purchase them and set them up on a large scale.
Bitmain Versus Everybody Else It doesn’t just stop at individuals. Relatively few entities control the large mining pools which dominate the most popular Proof-of-Work coins, particularly Bitcoin. Bitmain, which manufactures the most popular ASICs (there are some competitors emerging on the scene) controls two of the largest Bitcoin mining pools, Antpool and BTC.com.
In fact, at one point in time, their pools controlled nearly 50% of Bitcoin hashrate, although their share has diminished over the past year.
But just because a pool is centralized, that does not necessarily mean that the miners within the pool are also centralized. If miners notice that their pool is acting maliciously, they can simply switch to another pool.
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Even a leading pool operator, like Bitmain, would still have to work in concert with a massive number of miners, which would cost much more than it would return. In an article examining Mining Centralization Scenarios, Jimmy Song points out the extreme costs of attempting to maintain such a large-scale attack.
But when a single manufacturer produces the most popular mining equipment, “back-doors” exploits become more likely. For example, Bitmain could surreptitiously install a “kill-switch” that would reduce block productivity on non-Bitmain pools. However, these back-door tricks would also run the risk of being discovered and decimating Bitmain’s balance sheet as miners switch to different equipment in the future.
So while large entities like Bitmain may be a centralizing force in Bitcoin and a number of other cryptocurrencies, free market dynamics tend toward decentralization, competition, and innovation. Due to competition and improving profitability, the distribution of ASIC mining pools is diversifying, trending away from the possibility of monopolization.
Electricity Costs Around The World There’s also a possibility of geographic centralization, as miners flourish in areas with the cheapest energy. This can be due to economic conditions or because of the availability of cheap sources such as hydro-electric dams.
In much of the United States, residential electricity rates range around the 13 cent per kilowatthour average, but can be as high as 20 cents in some regions and as low as nine cents in a few states. For larger mining operations, industrial rates are quite a bit cheaper, but it can still be pretty tough to compete against regions where electricity is much less expensive.
Because the cost of electricity is hugely important in figuring out the profitability of any PoW mining operation, high-capacity ASIC mining operations are drawn to locations where the electricity is cheap.
That’s why so much cryptocurrency mining is performed in China, where electricity is cheaper than almost anywhere else. Quebec is also attracting attention due to its surplus of hydro-electricity. This could be another weak point, as mining hashpower concentrates in certain regions.
Multi-million Dollar ASIC Farms Versus Multi-million Dollar GPU Farms But even if ASICs fell by the wayside, one could also set up a hugely expensive GPU farm. GPUs themselves do not negate the centralization problem, although they may reduce it due to their widespread availability and usage.
It would be considerably more difficult to gain control of a GPU network, simply because there are already so many GPUs distributed around the world. But if someone designed a new GPU that was highly powerful, efficient, and expensive, it could result in a similar problem.
Higher Hashrates Theoretically, the more decentralized a PoW network is, the more secure it should be, but it may sacrifice speed for safety. Miners are incentivized to increase their hashing power for more frequent block rewards, which also increases network security.
A high hashrate means that there is more competition among miners, making the network more expensive to mine. The higher the hashrate, the more expensive it is to to set up or rent the necessary hashing power to launch a 51% attack. At some point, it becomes so costly that it just isn’t worth attempting such an attack.
51% Attacks If any single entity or group of colluding entities manage to control 51% of a network, lots of bad things can happen. Most importantly, the 51% controlling entity can essentially double-spend the currency.
In a typical double-spend, attacker creates a public transaction that spends some currency, typically by moving it to an exchange. Meanwhile, they use their superior hashing power to create a secret, longer chain, which does not include that transaction, and broadcast it to the rest of the network. Since consensus defaults to the longer chain, they have effectively spent the same tokens twice.
Some lower hashrate PoW networks like Bitcoin Private and Bytecoin are susceptible to 51% attacks because it requires relatively little hashing power to take over these networks. Even bigger names like Bitcoin Cash and Ethereum Classic have fallen victim to such attacks.
ASICs can contribute to centralization if a few wealthy and powerful parties manage to gain more than 51% of a network’s hashrate. Bitmain and some of its affiliates control somewhere around 40% of all of the Bitcoin network’s hashing power. Of course, it would not be in Bitmain’s best interests to diminish the value of the Bitcoin network since they have so much invested in it. Yet, there is a degree of trust that is necessary because of the extent of their influence in the present conditions.
Still, it looks like ASICs are here to stay, with their collectively massive computational power ensuring the security of Bitcoin and a number of other PoW-based networks. In the next and final installment in this series on mining, we will take a closer look at the numbers involved in profitable mining and will conclude with an examination of the ongoing battle for greater decentralization.
This is Part 2 of a series on cryptocurrency mining. For Part 1, click here.
Disclosure: This article was edited by Darren Kleine. For more information on how we create and review content, see our Editorial Policy.
The start of the new week came as a sad one for traders as the bears take over the cryptocurrency market, correcting Bitcoin price to below the $9600 region. At the time of writing, the coin is trading at $9,627.
The current volatility in the market could be tied to the ongoing selling pressure and transfer of 600 BTC ($5,753,286) to BitMEX, which took place at block 617782. If the bearish movement continues, Bitcoin could dip further to $9170 and even $9000. At the time of this writing, however, BTC managed to recover and is pushing up to $9,700 once again.
Our bot just picked this up. Volatility incoming 📈📉
💵 A $5,753,286 (600.0000 BTC) deposit into #BitMEX has been confirmed at block 617782.
— TokenAnalyst (@thetokenanalyst) February 17, 2020
Altcoins, on the other hand, are facing significant price crashes and recorded significant losses. Although the market has started recovering from the sudden slump, Bitcoin Cash (BCH) and Ripple (XRP) are the biggest losers in the top 10. XRP retraced to $0.281 while BCH plunged to ($404). The crash in the altcoin markets briefly pushed Bitcoin dominance to over 63%. As the market started to recover, however, altcoins seem to reclaim grounds as the dominance is currently at 62.4%.
It’s interesting to see where the market goes from here. It appears that it may have been a healthy correction as over the past couple of weeks bulls were in complete control.
Total Market Cap: $276 B | Bitcoin Market Cap: $174 B | Bitcoin Dominance: 62.7%
Major Crypto Headlines Binance Applied For Operating License In Singapore, Confirms CEO Changpeng Zhao. Just a month after Singapore released its comprehensive regulation for crypto businesses, Binance has filed for operating license in the country, CZ revealed.
You may also like: Market Meltdown: MemeCore Crashes 76% as MIM Breaks Peg to $0.50 Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst Bitcoin Price Crashes Below $60K as Strategy’s MSTR Plunges 10% Russia’s Central Bank Completes Blockchain Pilot To Issue Tokenized Assets. The central bank of Russia has reportedly completed a pilot project for the issuance and circulation of digital rights. The platform can be used to digitize goods, services, securities, and other assets.
IOTA Releases Safe Version of Trinity Desktop But Mainnet Remains Suspended. IOTA Foundation has launched a safe version of the Trinity wallet that will enable users to see their balances and transactions on Desktop. However, the Mainnet remains suspended until the project team finalizes their remedial plans.
Significant Daily Gainers and Losers Hedera Hashgraph (19.82%) HBAR, the native cryptocurrency of the Hedera Hashgraph, emerged as the most significant winner in the top 100 with 19.82% gains on the trading session. The coin’s performance today will definitely leave HBAR day traders basking in euphoria considering the current market situation. At the time of writing, the coin is trading at $0.051 with a market cap of $164,993,621. The Hedera Hashgraph network is growing rapidly, and research shows that the platform processed over 36 million transactions over the last six months.
Centrality (9.63%) With a 9.63% gain on the trading day, CENNZ wins the spot as a top performer over the last 24 hours. The increase in value today has pushed the coin’s price to $0.100654 and its market cap to $84,797,804. CENNZ is ranked as the 72nd largest cryptocurrency in the world according to market cap. The project has made a lot of progress since its launch. Centrality recently completed its Habanero stage on its roadmap and they are moving to the next phase known as Scotch Bonnet.
Bytecoin (-11.24%) On February 15, BCN made a significant price move and traded as high as $0.000690. However, following the bear market, the coin has slumped to a current price of $0.000456.
After last week’s plunge of over $1,500, Bitcoin rattled its 2020 positive run. The question remained if the $8,500 critical support level could hold the downfall, and, so far, it has.
The largest cryptocurrency dipped below it to $8,440, but it managed to recover quickly. At the time of this writing, Bitcoin is trading at approximately $8,700.
If BTC continues to increase, the first significant resistance level lies at $8,800, followed by $9,000. The latter also serves as a major psychological line.
BTC/USD. Source: TradingView Most of the cryptocurrency market notes small upwards movements today. Ethereum, Litecoin, Tezos, and EOS are all up with around 1%.
Bitcoin Cash and Bitcoin SV are the most significant gainers among the top 10 coins by market cap. The former is up with 2.66% to $322 and the latter with 4.6% $234.
Contrary, Huobi Token records the largest decline in the top 20. HT is down with over 4% and is currently trading at $4.66.
You may also like: Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst Bitcoin Price Crashes Below $60K as Strategy’s MSTR Plunges 10% Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highs Major Crypto Headlines Breaking: Bitfinex Exchange Goes Under Unscheduled Maintenance, Suspects DDoS Attack. The popular cryptocurrency exchange, Bitfinex, went through unscheduled maintenance on Friday. Even though the company suspected a DDoS attack on its network, later, Bitfinex said that all issues had been resolved.
Interestingly, OKEx went through an unscheduled system update on the same day, as well.
Beating the Odds? Insolvent FCoin To Resume Operations And Attempt To Refund Users. FCoin exchange became insolvent in February and was unable to pay its customers an estimated amount of $115m worth of Bitcoin. A few weeks later, however, the firm promised to refund the affected users and to start operating again.
Ripple Partners With European Remittance Company Azimo But Legal Troubles Continue. Ripple partnered up with a European online remittance service company Azimo to serve customers in the Philippines. At the same time, though, the company’s legal issues with Bradley Sostack continue.
Significant Daily Gainers and Losers Bytecoin (23%) BCN skyrockets today with 23% gains against the U.S. dollar to $0.0005. It rises with 21.6% against the largest cryptocurrency, and BCN/BTC currently trades at 6 SAT.
With the most recent price increase, the total market capitalization of Bytecoin is well above $92 million.
AELF (12.32%) Elf is in the green today, as well. It rises to $0.1, after a 12% price jump. Elf trades at 1163 SAT after an 11% increase against Bitcoin.
The company recently published a comprehensive guide on how to utilize its network mechanism securely.
Kyber Network (-12.45%) On the other side of the scale sits KNC’s price. After yesterday’s surge to $0.85, KNC drops to $0.7. It also goes down to 8074 SAT, following a 13.5% drop.
Despite the most recent decrease, Kyber Network still has a total market cap of above $125 million.
Over a week into April, most altcoins are continuing to perform favorably. In fact, recovering from the price crash in March, altcoins such as Bitcoin Cash, Dogecoin, and Steem were among the ones to post gains this past week. However, in the case of Steem, the price hasn’t been as lucky as the rest.
Bitcoin Cash [BCH]
Bitcoin Cash underwent its block reward halving over 24 hours ago. Over the past week, BCH’s price surged by over 18 percent, with its trading price at press time recorded to be $264. At the same time, BCH had a market cap of $4.8 billion and a 24-hour trading volume of $4.6 billion.
If the bullish momentum were to continue for BCH, the coin would soon test the resistance at $281. However, if a reversal were to take place, there will be two points of support at $251 and $233, supports that can stabilize the price of the coin.
The MACD indicator looked bearish for BCH, after having undergone a bearish crossover with the signal line going past the MACD line. The RSI indicator echoed a similar sentiment, with the indicator heading towards the oversold zone.
Dogecoin [DOGE]
Not many memes turn into cryptocurrencies, let alone a fairly popular one. Over the past week, Dogecoin gained by 14 percent, bringing its trading price to $0.0020. At the time of writing, Dogecoin had a market cap of $250 million and a 24-hour trading volume of $111 million.
After its massive price drop in March, the coin was observed to be continuing on its recovery run. If upward momentum persists, Dogecoin may soon try and breach the resistance at $0.00197. In case things don’t go so favorably, there will be two points of support at $0.00193 and $0.0018.
The Bollinger Bands were expanding on the charts, showing increasing levels of volatility for the coin, with the moving average acting as support for the price. The CMF indicator, however, continued to be in the neutral zone after having indicated selling pressure in the past.
Steem [STEEM]
The fortunes of the other two altcoins haven’t spilled over to Steem. After having registered a significant surge at the start of April, Steem has continued to move sideways. Over the past week, the price of Steem rose by a small margin only – over 2 percent, bringing its trading price to $0.172, close to testing its support at $171, at the time of writing.
There was also another support at $0.161 if the price were to begin a downtrend. Taking precedent into account, the next point of resistance for Steem was at $0.196.
The EMA ribbon for the coin was offering support for the press time price of Steem. The MACD indicator, on the other hand, continued to indicate further price drops as it had undergone a bearish crossover on the charts.
Crypto markets hit another new 2019 high yesterday; Bitcoin holding gains, TRX moving up ETH, XRP, LTC, BCH and EOS falling back. Market Wrap It has been a wonderful weekend for crypto markets, the best so far this year. Bitcoin’s push through five figures has lifted total market capitalization to a one year high of over $325 billion. Monday morning markets remain buoyant as BTC has held on to most of its gains yet again.
The Bitcoin parabola has continued as it topped out at $11,250 during Sunday trading. It was the second time over the weekend that BTC broke above $11k but it could push no further and fell back twice. Bitcoin is currently starting to consolidate around the $10,750 level during Asian trading today. Daily volume peaked at $30 billion over the weekend which pushed market cap to $200 billion.
Ethereum also got a lift from its big brother as it finally broke above the $300 barrier. ETH hit a top of $320 yesterday before pulling back a couple of percent today to settle at around $305. Gains were solely on the back of Bitcoin as ETH remains slow to recover in comparison.
Altcoin Outlook The crypto top ten is starting to correct during Monday trading across Asia. Most altcoins are shedding their weekend gains with XRP, Litecoin, Bitcoin Cash, and EOS dropping 4 percent each. Only Tron has made a gain today with 4 percent added to reach $0.038. Justin Sun did not miss the opportunity to point out that TRX has flipped Stellar for a top ten slot as market cap topped $2.5 billion:
Back to Top 10 now. #TRON #TRX $TRX #BitTorrent #BTT $BTT pic.twitter.com/0OevisDE6M
— H.E. Justin Sun 👨🚀 🌞 (@justinsuntron) June 24, 2019
The top twenty is all red today as altcoins drop gains and remain weak. Cosmos and IOTA have dumped over 4 percent while Stellar and NEO are close behind. Monero and LEO have remained flat on the day.
FOMO: Lambda Launches Today’s crypto top one hundred pump is going to LAMB which has surged by 48 percent to reach an all-time high of $0.17. The Chinese decentralized data storage token has recently been listed on Bittrex and OKEx which is likely to be driving momentum.
Aeternity is also spiking at the moment with a 13 percent boost and Hedge Trade is the third altcoin with a double digit gain. Insight Chain is getting dumped hard as it falls to the bottom of the pile losing 30 percent. MaidSafeCoin and KuCoin Shares are also in pain with 10 percent dropped a piece.
Total market cap 24 hours. Coinmarketcap.com Total crypto market capitalization hit a one year high of $336 billion yesterday. Bitcoin’s push above $11k has contributed to most of it and altcoins dumping today has dropped total cap back to $324 billion. Daily volume peaked at almost $100 billion on Sunday but has since cooled off as markets correct slightly.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Crypto wallet and trading platform Abra recently enabled access to 17 Altcoins.Abra which is led by Bill Barhydt added native support to 17 altcoins including Digibyte (DGB), Dogecoin (DOGE), Dash (DASH), Basic Attention Token (BAT), Neo (NEO), 0x (ZEX), OmiseGo (OMG), Qtum (QTUM), Vertcoin (VTC), Zcash (ZEC), Golem (GNT), Stratis (STRAT), Augur (REP), Ethereum Classic (ETC), TRON (TRX), Lisk (LSK) and Status (SNT).
In addition to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) users will soon be able to deposit and withdraw an additional 17 Crypto assets.
Native withdrawals for the other cryptocurrencies will be turned on in the coming days.
— Abra (@AbraGlobal) May 8, 2019
Abra is a non-custodial wallet meaning the private keys will not be held by the company but within the user’s device instead. The firm has also previously announced that it will enable users to buy synthetic equivalents of stocks and ETFs using Bitcoin smart contracts.
Abra Partners with Plaid to connect to “Thousands of banks”Abra has partnered with San Francisco based Fintech firm Plaid to connect user accounts to thousands of US banks. App users had to use bank transfers to deposit into their wallets, but with the new feature, they will able to connect to their bank accounts directly in-app using their API.
Bill Barhydt, CEO of Abra said:
“The addition of these new liquidity enhancements in our app gives users more ways to move between crypto and fiat. We’re particularly excited about our partnership with Plaid, which brings thousands of additional financial institutions into the Abra ecosystem for US customers.”
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Shrikar Parashar Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.
“Today we know that centralization and big bureaucracies have not, as promised, been the answer for promoting better opportunities for society” ~ Carlos Salinas de Gortari
To ASIC or not to ASIC has been the dilemma for years now. For some, the distinction is very easy; it comes down to choosing between centralization and decentralization. For others, it is about taking all the aspects of mining into consideration and opting for what’s best suitable for the end participants and the network altogether. With ASICs in the scene, one side of the coin depicts decentralization, the other side portrays centralization. A coin that’s puzzling not only to the ones in the cryptocurrency space, but also to the ones outside.
While there are many projects that completely oppose even the idea of ASIC mining, there is an equal number of projects or even more that have warmly embraced the new idea. And, why not? Decentralization means an open-market, which in turn symbolizes technological advancement.
Skating on thin ice On one hand, the argument that’s pro-ASIC is that “it contributes to the network security,” which is debatable. On the other hand, the argument that it leads to centralization of the network is something that’s hard to be brushed off. The security threats of ASIC mining centralization include ASIC boost, selfish mining, eclipse attacks, and launching a 51 percent attack without having 51 percent hash power (just by collaborating with three or four other mining pools). The problems of ASIC mining have taken a prominent seat in the crypto-market.
However, this is not the only factor that bothers miners and participants. There is only a portion of the community that can afford ASIC miners and the ones who can also have their table full with the question of whether or not their ASIC miners will be profitable by the time it ships.
The largest cryptocurrency, Bitcoin, is among those cryptocurrencies that have been pro-ASIC mining, and it is because of this very cryptocurrency that ASIC mining has gained a strong foothold in this space. The mining evolution from CPU to GPU to FPGA to ASIC completely superseded Satoshi Nakamoto’s “one CPU, one vote” rule.
Speaking to AMBCrypto, Bob Summerwill from ETC Cooperative said,
“If you see what’s been happening with every single cryptocurrency has ASICs, even the ones that claim to be ASIC resistant. And the reason is very simple, it just you can do it more efficiently. You are just doing a fairly simple algorithm and doing that in hardware is going to more efficient than doing it in software. There’s no going around that and the economic is such that you just cannot resist. It’s just futile to try and resist. The ASICs are going to happen anyway and they are actually good for you. So, resisting is futile and actually counter productive.”
While Bitcoin itself is relatively safe from the biggest problems of ASIC mining and centralization – 51 percent attack, the same, however, does not hold true for other cryptocurrencies. The reason is quite simple; the cost of BTC mining and the price is higher compared to the rest of p-o-w coins. In short, it’s possible, but it’s not quite feasible for the attacker considering there would also be a war against the rest 49 percent, and even if one percent hash rate is lost to the other side, it would mean game-over. Meaning, there’s zero economic incentive for launching a 51% attack on Bitcoin.
The Hash War A classic example of the blunders that can be caused by mining pools powered by ASICs is the Bitcoin Cash vs Bitcoin Satoshi Vision hash war that took place towards the end of 2018. Some market speculators even claimed that the hash war resulted in not only two different chains, but also the crash of Bitcoin’s price and hash rate towards the end of last year.
This was not the first time Bitcoin Cash got dragged into a mining war, nor was it the last time that BCH made headlines concerning matters related to mining. The cryptocurrency was itself a result of a fork war that took place in 2017 over the bigger block size argument. The latest on the shelf was this year’s report on re-org, carried out by BTC.com and BTC.top, with both pools joining hands to reverse blocks of transactions in order to cease an unknown miner from gaining access to coins, an exploit taking advantage of after May 15 hard fork.
Such instances show how the most important pillar of any cryptocurrency in the market, decentralization, can be undermined.
An achievable goal? While many are of the opinion that ASIC-resistance is futile, there are still projects that stand firm against ASIC-mining, keeping decentralization as the most important goal, even though there hasn’t been any substantial proof that this is an achievable goal.
Ethereum and Monero were the two coins that held the beacon of ASIC Resistance; Ethereum with back-and-forth discussion over implementing ProgPoW, and Monero with RandomX.
The Valladolid Debate
While ‘To ASIC or not to ASIC’ is a dilemma that the entire ecosystem faces, ‘to ProgPoW or not to ProgPoW’ is the question the Ethereum community is struggling with.
The reason to implement ProgPoW is simple, ASIC resistance, which even had a greenlight from the auditors. There are several reasons against it: debates of GPU miners buy-outs, Proof-of-Stake shift, and problems with the teams that proposed the algorithm.
Bob Summerwill said,
“When Ethereum was started it was like we don’t want ASICs, we don’t want to be like Bitcoin, we don’t want our mining to be dominated by a few of these Chinese companies. So, we are going to do something which is memory hard and runs on GPUs and not specialist hardware. It’s a different time now and I think what we’ve ended up inheriting there is not something that really makes sense anymore. The ASIC resistance is a myth. You can’t resist it.”
How does ProgPoW aim to answer the ASIC question? ProgPoW would have five key elements to its algorithm: change from Keccack_f1600 to Keccack_f800 [shift from 64-bit words to 32-bit words], the random sequence generated would change every 50 blocks, the DRAM would increase to 256 bytes from 128 bytes, adds reads from a small, and low-latency cache that supports random addresses.
ProgPoW would not eliminate the threat of ASIC mining. It would merely make it minimal by giving GPU miners a boost. The GitHub post reads,
“The design goal of ProgPoW is to have the algorithm’s requirements match what is available on commodity GPUs. If the algorithm were to be implemented on custom ASIC there should be little efficiency gains compared to a commodity GPU.”
The algorithm was supposed to make a debut this year with the Istanbul hard fork, but was postponed to the next one due to audit delays. Sailing through these troublesome factors, it is still unclear whether ProgPoW would ever make it to the Mainnet.
The ‘I have a dream’ of Monero
When Bitmain announced an Antminer designed for Cryptonight-based cryptocurrencies, it left the entire Monero community in a state of shock. If there was one thing that this community was sure of, it was that ASIC miners were a no-no.
The immediate response was to tweak the network algorithm on a constant basis, in this case – every six months. While the strategy did come at a cost – compromising the security of the network, it did work. In the ASIC-manufacturers‘ perspective, it would be pointless in terms of cost and effort to build an ASIC only to see the cryptocurrency change its algorithm to a different one.
Interestingly, the tweak in the mining algorithm brought an end to the popular crypto-jacking service, Coinhive, on 8 March 2019. The official announcement on the discontinuation of the service, stated,
“The drop in hash rate (over 51%) after the last Monero harh fork hit us hard. So did the ‘crash’ of crypto currency market with the value of XMR depreciating over 85% within a year. This and the announced hard fork and algorithm update of Monero network on March 9 has lead us to the conclusion that we need to discontinue Coinhive.”
The Monero community upped the ante with RandomX. The algorithm will be using all components of the core but not all of the chips, including the memory interface of the uncore; a difficult aspect to achieve for ASICs as it only focuses on one element in mining. The algorithm was changed from CryptonightR to RandomX at the end of November 2019. Its maiden voyage has been on easy waters so far. “Test fast, fail fast, adjust fast” has been Monero’s mantra so far.
Hit-and-miss
In December 2019, Vertcoin [VTC], ranked 306 on CoinMarketCap, recorded a 51 percent attack. Interestingly, the cryptocurrency has always been at arms against ASIC mining and had opted for Lyra2REv3 proof-of-work algorithm. Notably, this was not the first time the coin succumbed to the attack as the network faced a 51% attack in December 2018 too. A GitHub post on the attack stated,
“On Sunday, 1 December 2019 15:19:47 GMT 603 blocks were removed from the VTC main chain and replaced by 553 attacker blocks. We note that 600 blocks is the current confirmation requirement for VTC on Bittrex. There were 5 double-spent outputs in which ~ 125 VTC (~$29) was redirected. Each of the double-spent outputs are coinbase outputs owned by the attacker and it is unknown to whom the coins were originally sent before being swept to an attacker address after the reorg.”
Decentralized ASIC mining?
While the topic of ASIC centralization continues to be hot debate every now and then, Blockstream, a blockchain technology company, unveiled its mining colocation service and Blockstream Pool, earlier this year. In an episode of Magical Crypto Friends, CSO of Blockstream, Samson Mow, said that the pool would be contributing to Bitcoin’s mining decentralization as it utilizes BetterHash protocol. Mow had stated,
“So, you can run your own node at home, you can host your miners in a facility or you could have your own miners in your facility and then run BetterHash node that would connect to our pool and then it’s just more decentralized overall […]”
After all that’s said and done, the question here is not if ASIC resistance or mining is the way, but is Decentralization truly achievable?
Decentralization in mining is always going to be something that’s going to be hard to achieve as mining would always centralize in a place where electricity is cheap, farms with either CPUs or GPUs or ASICs are always going to exist.
“Maybe wars aren’t meant to be won, maybe they’re meant to be continuous.”
Bitcoin Cash [BCH] has been trading within a range for just over two years. Since April 2024, the once-prominent altcoin has been constrained to within the $272-$684 range.
This range is massive in both time and size, giving swing traders many more opportunities to enter the market with conviction than lower timeframe ranges might.
A month ago, AMBCrypto reported that BCH was likely to continue its downtrend after revisiting the $480-$500 magnetic zone of short liquidations.
This expectation has come to pass. The $460 short-term support zone, once ceded to the sellers, quickly gave way to a 25.16% Bitcoin Cash drop from $465 (bearish retest) to $348.3.
Has the bearish impulse move ended, or should traders expect further losses?
Technical indicators suggest an overextended market Source: BCH/USDT on TradingView The biggest sign that the impulse move downward might be over was the high-volume slide to $348, followed by a lower-timeframe bounce.
The large downward candlewick on Monday, the 18th of May, told a story of an overextended price move.
The RSI was at 26, within the oversold territory, while the Stochastic RSI appeared to form a bullish crossover. Together, they signaled a potential short-term bounce.
The Fibonacci retracement levels (cyan) were plotted using this impulse bearish move. A bounce to $418 is likely, though it can extend as high as $459 and the $489 swing high.
Therefore, traders can look to utilize a bounce to these levels to look for shorting opportunities. It must be noted that a retest of the key Fibonacci levels is not an automatic sell signal.
An internal structural shift on the lower timeframe price chart, such as the 1-hour, can be used to increase the odds of a successful trade.
It is also possible that BCH bears will not allow a sizeable bounce. Depending on the wider market sentiment in the coming days, a bounce might struggle to clear the $400 area before falling to make new lows.
Traders should avoid FOMO and have clear rules to follow before entering. Rather than buying the bounce, swing traders might find a more feasible opportunity in selling the bounce.
Final Summary The Bitcoin Cash rejection at $465 resulted in a 25% price slide that reached a swing low of $348. The current bounce is just a relief rally, and the trend continues to favor the sellers.
Australia’s corporate watchdog has warned that fake crypto platforms pushed through WhatsApp-style “trading groups” are targeting young investors with fabricated profits, fake order books and invented withdrawal fees.
Summary
ASIC says scammers are posing as “star traders” in messaging groups and steering users to fake crypto sites where deposits go straight to criminals. The regulator says young Australians are especially exposed, with 23% of people aged 18 to 28 already holding crypto and 41% reporting direct online crypto pitches. ASIC is also warning about “recovery” scams that hit victims a second time, while urging users to verify firms through AUSTRAC before sending funds. The Australian Securities and Investments Commission has issued a fresh scam alert over fraudulent crypto trading platforms promoted through WhatsApp and other messaging apps, saying the sites display fake trades and fake profits while sending victims’ money directly to scammers. In the warning published May 24, ASIC said the platforms “show profits and trades, but in fact, there is no real trading, and the site contains fake data,” adding that “any money deposited into these platforms goes straight to the scammers.”
The hook is simple and ugly. Fraudsters join or create “share trading” and “stock tips” groups, impersonate successful traders or recognizable market personalities, then funnel users to sham crypto venues that look legitimate until investors try to withdraw, at which point they are told to pay fabricated “fees to release assets or proceeds.” ASIC said those fees also “go straight to the scammers and no assets are released.”
Young Australians appear to be the preferred prey. ASIC said survey data tied to the alert shows 23% of Australians aged 18 to 28 already own crypto, 72% of Gen Z have seen crypto advertising on social media, and 41% say they have been directly pitched crypto investments online, a combination that makes them unusually reachable through the same channels scammers use to manufacture trust and urgency.
ICYMI: Australia’s ASIC has warned about a rise in crypto scams targeting young investors through social media and WhatsApp groups.
• Scammers are using fake trading apps and fake profit screenshots.
• Victims are added to “investment” group chats with fake experts.
• Users… pic.twitter.com/TrXlF2atUg
— The Crypto Times (@CryptoTimes_io) May 26, 2026 Scam mechanics are getting smarter ASIC’s warning matters because this is not a crude email fraud from 2012; it is a polished social-engineering pipeline built around app-based intimacy, fake dashboards and psychological pressure. The regulator told users to “STOP” before acting on investment advice seen on social media or in messaging groups, to “CHECK” whether a firm is licensed and whether a crypto business appears on AUSTRAC’s virtual asset service provider register, and to “PROTECT” themselves by contacting their bank immediately if money or personal data has already been sent.
That advice follows a broader pattern in Australia’s crypto scam crackdown. In a previous crypto.news report, the Australian Federal Police said Australians lost more than $122 million to crypto investment scams in the prior 12 months, with people under 50 accounting for 60% of cases. The same article noted that ASIC had coordinated the takedown of more than 7,300 phishing and scam sites since July 2023, including 615 crypto investment scams and 5,530 fake investment platforms.
The secondary fraud is even more cynical. ASIC warned that so-called fund recovery services are targeting people who were already scammed once, effectively selling false hope to victims who are desperate to retrieve lost money. European regulators have described the same tactic as “recovery room” fraud, where scammers contact prior victims and offer bogus recovery help for another fee.
Crypto still has a trust problem The uncomfortable point for the industry is that scams like this keep flourishing because crypto remains an ideal wrapper for fraud: fast settlement, global reach, weak user due diligence and a retail audience trained to chase asymmetric upside. In another crypto.news story, Coinbase warned that Gen Z users are increasingly exposed to fake websites, social media scams and recovery schemes, underlining how age and digital fluency do not automatically protect people from sophisticated fraud.
There is also nothing uniquely Australian about the playbook. A previous crypto.news article described Indian police shutting down a fake platform promoted on WhatsApp and Telegram that allegedly stole more than $90,000, while New Zealand’s FMA has issued similar warnings about fake crypto investment platforms spread through social media.
ASIC’s most useful instruction is the least glamorous one: verify before sending money. AUSTRAC says any business providing virtual asset services in Australia must be registered, and that operating such services without registration is illegal, which means the register is not a magic shield but it is still a basic filter for obvious fraud. For a sector that keeps promising mass adoption, that is the embarrassing reality: too many new users still meet crypto first through a scam.
The crypto market extended its decline as BCH, SHIB, and PEPE traded among the biggest monthly discounts. Total market value fell 1.24% to $2.46 trillion, while Bitcoin dropped 1.41% to $72k. The persistent outflow of U.S. spot Bitcoin ETFs pressed several Crypto Market Coins.
BCH Price Extends Losses After Breaking $300 Bitcoin Cash traded lower after heavy selling pushed the token below the key $300 support level. The coin fell 5.78% in 24 hours to $288.27, extending its monthly decline to 35%. BCH is now displaying one of the highest monthly discounts in crypto Market Coins.
The trading volume increased by 83.67 to a high of 220.48 million, indicating more market activity in the breakdown. In case BCH town has more than $285, short term consolidation can subsequently be effected.
Source: Tradingview Nonetheless, a decisive failure below that may reveal $275 as the second support level. Any recovery above 300 can be an early relief among the traders noting the momentum.
SHIB Price Drops 15% Monthly as Market Weakens Shiba Inu price dropped by 1.06% in 24 hours to $0.00000543, after the presentation was weak in the broader crypto market. The token is also 15% down over the last month, a following of pressure on meme coins.
The most recent action seems to be a part of a bigger risk-off action as Bitcoin and major altcoins were lower. SHIB has burned 787,927 tokens in the past 24 and total burned supply is 41.08%.
Source: SHIB burn data SHIB might stabilize at roughly 0.0000054 in case Bitcoin is at about $72,000 or higher. Nevertheless, a more significant weakness can drive the price to the $0.000005 support.
PEPE Price Faces Pressure After 15% Monthly Loss Pepe price fell 1.98% in 24 hours to $0.00000336, extending its monthly decline to 15%. The fall put PEPE in the list of the top 4 crypto market coins with the highest monthly discounts. The most recent downside was the result of a wider crypto market crash, which strained meme coins and other risky assets.
The trading volume increased by a factor of 58.63 with increased selling being experienced in the fall. In case of pressure PEPE can revisit the $0.00000328 support. But at the level of more than $0.00000334, it may indicate short-term stabilization as per the full PEPE forecast report.
In general, BCH, SHIB, and PEPE are experiencing some pressure with a weak market mood. These crypto market coins are currently trading at significant monthly discounts, and Bitcoin ETF outflows are still influencing short-term risk appetite in the altcoins and meme coins.
Bitcoin Cash cryptocurrency can be expected to fall to the next support level 200.00 (which started the sharp uptrend at the start of 2024).
Bitcoin Cash falls sharply Likely to fall to support level 200.00 Bitcoin Cash cryptocurrency recently broke sharply through the major support zone between the key support level 270.00 (which has been reversing the price from the middle of 2024, as can be seen from the weekly Bitcoin Cash chart below), support trendline of the weekly down channel from Janaury and the round support level 250.00 (former yearly low from the start of 2025). The breakout of this support zone accelerated active short-term impulse wave 3 – which belongs to the sharp downward impulse wave (3) from the start of this year – which started near the major resistance level 625.00.
Given the strength of the active impulse wave 3 and the bearish sentiment affecting crypto market at the moment, Bitcoin Cash cryptocurrency can be expected to fall to the next support level 200.00 (which started the sharp uptrend at the start of 2024).
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.
About the Author: Karthik Subramanian
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem. He covers token economics, L1/L2 infrastructure, DeFi protocols, wallets/custody, and the bridge between crypto and forex—broker technology, liquidity, and macro drivers. Karthik’s writing focuses on clear, practical frameworks that help professionals evaluate new products and on-chain innovation alongside FX market realities.
The broader crypto market has been in a downtrend since the fourth quarter of 2025, one that has extended into the present, with Bitcoin [BTC] trading around $67,000, below its yearly open.
Bitcoin Cash [BCH] follows a similar but harsher narrative. The asset has not only printed a new low; it has retraced all the way to its 2025 low as the bears take full control. At press time, BCH was closer to its all-time low than any possible path back to its all-time high.
The bears tightened their grip as BCH broke below the $271 multi-year support that had held the asset intact and forced rebounds on several earlier occasions.
Price has since slipped past its 2025 low of $249.4 as sell pressure engulfs the market. Data at press time shows volume up 114% to $513 million, with the volume profile pointing to sellers dominating for a three-day stretch.
Source: TradingView A candle close below the 2025 low would weaken BCH structurally and raise the likelihood of a deeper slide. The nearest target sits at the 2024 low of $209.9, and heavier selling could carry price further toward the $139.3 support zone.
A rebound at the 2025 low it just tagged is plausible on historical form, whether as the start of a reversal or a lower high before a fresh leg down.
Is BCH selling pressure increasing? The momentum indicators tracking this move back the bearish read, among them the Aroon Indicator.
The tool uses two lines to gauge an asset’s trend, the Aroon Up (orange) and the Aroon Down (blue). The Aroon Up above the Aroon Down points to a bullish trend; the reverse points to a bearish one, with the gap between them measuring the strength of each.
At the time of writing, the chart displayed a textbook bearish setup, with the Aroon Down at 100.00%, and the Aroon Up at 0%.
Source: TradingView The accumulation/distribution trend completed the picture by tracking volume distributed to the market over time. Notably, the data estimated the total distribution volume at 8.76 million BCH.
Distribution, though, has not fallen as steeply as price over the same stretch. That divergence, if it holds, raises the probability of a rebound at the current level.
Large holders are leading the BCH sell-off The whale-retail exchange delta, which tracks whether large holders or smaller retail traders are more active, shows whales leading the move.
Whale activity peaked on the 2nd of June, outpacing retail through the period. As long as the delta holds in the whale zone, large holders remain the dominant force behind the selling.
A cross to the red side of the chart would signal that retail has taken over the selling outright.
Source: CoinGlass Final Summary Bitcoin Cash has broken below its $271 multi-year support and slipped past its 2025 low of $249.4, opening the door to the 2024 low at $209.9 as bears take full control. The Aroon Indicator shows a textbook bearish setup with a full 100% gap, while the whale-retail delta points to large holders driving the sell-off.
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitcoin Cash, Litecoin, and DOGEBALL enter focus as investors seek utility, transparency, and resilience amid market uncertainty.
Summary
A recent report highlighting investor losses after a crypto-related collapse has renewed focus on risk management and the importance of evaluating projects beyond market hype. DOGEBALL is being promoted as a Layer-2 blockchain ecosystem combining payments and gaming, with features such as crypto-to-fiat transfers, play-to-earn gaming, and a token-based transaction model. The project markets its presale using projected returns based on future listing prices. The crypto market is moving very fast. A recent NDTV report shared a big warning for everyone. It showed how President Donald Trump and his family made $500 million from a crypto deal right before AI Financial Corp crashed.
That sudden crash left normal investors with massive losses. This news teaches us a major lesson for those who are looking for the top crypto to buy now. Hype can disappear in one night. Because of this, smart buyers are moving away from risky coins. They are choosing tokens with real daily use, clear math, and true safety. This easy guide looks at the data behind Bitcoin Cash, Litecoin, and a new asset called DOGEBALL to help make a smart choice.
What is DOGEBALL? DOGEBALL is a highly useful crypto network. It is built on its own fast blockchain called DOGECHAIN, which is an Ethereum Layer 2 system. It mixes online gaming with global payments. These fields are known as GameFi and PayFi. Unlike tokens that rely only on hype, this project fixes real daily problems.
Its main service is called DOGEPAY. It lets users send crypto anywhere in the world, and the person getting it receives local cash straight into their bank account. It works with over 30 global currencies. The transactions take under a second, there are zero foreign exchange fees, and do not need slow banks or payment apps.
People are joining this project because it offers safety and high demand. The DOGEBALL token is the main fuel used to pay all network transaction fees. This setup creates constant buying pressure. The token also runs a play-to-earn gaming world with a $1,000,000 total prize pool. The top player can win up to $500,000 and cash out instantly into real money. The smart contract has a perfect 100% security audit score. This makes it a very stable and safe digital asset for your portfolio.
High yield math: Analyzing the DOGEBALL presale growth potential The DOGEBALL crypto presale 2026 is built to reward people who get in early. The project has already raised more than $302,000 from over 1,050 buyers. On Monday, May 11, 2026, the team permanently burned 4,000,000,000 tokens. That removed 20% of the presale supply to make the remaining tokens scarcer. The crypto presale has 22 stages in total. Each stage lasts a maximum of 7 days and ends every Monday at 21:00 UTC. When the stage ends, unsold tokens are burned and the price goes up.
Buying at the current Stage 7 price of $0.000845 gives investors a huge mathematical advantage. The token will launch on big crypto exchanges at $0.015.
Let us look at the basic return on investment (ROI) calculation:
Current Stage Price: $0.000845 Planned Launch Price: $0.015 Expected Launch Gain: 1,675.14% These gains can be grown even more by using the special bonus code DB30. This code gives a 30% bonus on tokens. For example, putting $1,000 into the project today gets around 1,183,431 tokens. By typing the code DB30, the total amount jumps to 1,538,460 tokens. When the token hits the exchange at the $0.015 launch price, the investment becomes worth $23,076. That is a total profit of 2,207.6%. Prices go up every single Monday at 21:00 UTC. This means today is the best chance to buy at this low price before the next weekly increase.
How to join the DOGEBALL presale right now Joining the presale is easy and takes less than five minutes. Follow these quick steps to get tokens before the price steps up:
Step 1: Get a Crypto Wallet
Download a free digital wallet like MetaMask or Trust Wallet on a phone or computer.
Step 2: Add funds to the Wallet
Buy or transfer Ethereum (ETH), USDT, or BNB into the new digital wallet.
Step 3: Link to the Website
Go to the official DOGEBALL website and link the wallet using the live presale widget.
Step 4: Use the Code and Buy
Type in how much to buy. Enter the code DB30 to get 30% extra tokens, and click confirm.
Bitcoin Cash: Stable performance with limited growth Bitcoin Cash is a well-known coin used for daily payments, but its fast growth has slowed down. According to the latest price prediction data from CoinCodex, Bitcoin Cash is in a flat trend. Its long-term moving average has been pointing downward since late May 2026. This shows that the market is hitting a wall.
The coin faces tough resistance around the $540 to $550 price levels. CoinCodex charts show that the token is expected to trade between $439.79 and $642.10 over the coming months. It is still a safe network for sending decentralized payments. However, its chance for massive short-term gains is very small. It cannot scale microtransactions as fast as newer Layer 2 systems.
Litecoin: Slow recovery in a quiet market Litecoin is often called the silver to Bitcoin’s gold, but it is dealing with short-term price drops. CoinCodex market data shows that Litecoin recently fell from 14,408.40 PKR down to 11,819.97 PKR. That is a quick 17.96% drop in value in early June 2026. The network is now working to find a steady price floor.
Market experts state that Litecoin’s relative strength index is sitting in a completely neutral zone. This means that while the coin is safe from huge crashes, it does not have the momentum to spike upward quickly. It lacks built-in features like automatic crypto-to-bank cash-outs. This makes it less exciting for buyers who want large returns.
Conclusion: Finding the top crypto to buy now For those who want the top crypto to buy now, they should avoid overhyped projects that can crash. Legacy networks like Bitcoin Cash and Litecoin are safe, but they offer small, slow returns. The DOGEBALL presale gives a clear and transparent entry point at just $0.000845 today. Because the exchange launch price is locked at $0.015, early buyers can lock in large predictable gains before public trading opens. Do not wait and miss out on this rate. Use the code DB30 right now to claim a 30% token bonus before the price jumps this Monday at 21:00 UTC.
For more information, visit the official website, Telegram, and X.
FAQs for top crypto to buy now What is the best crypto to invest in right now? DOGEBALL is an excellent choice because it pairs a low-priced crypto presale with massive real utility. Its Layer 2 system runs an app that sends crypto straight to global bank accounts as fiat cash, creating constant market demand.
Which crypto has 1000x potential? Early presale coins with real utility have the best upside. Buying DOGEBALL at $0.000845 before its $0.015 exchange debut gives a strong head start. Regular weekly supply burns keep cutting down the total token numbers to drive value.
Which crypto has the most potential? Tokens that fix real financial problems hold the most potential. DOGEBALL removes expensive middlemen and cuts global wire fees to zero. This operational use attracts real businesses and users, giving it an advantage over hype coins.
What is the best way to double $1000? Putting money into the DOGEBALL presale is a highly efficient move. Entering the presale at today’s low price and applying the bonus code DB30 instantly increases the token count by 30% for a much higher launch value.
Which coin has the best future? Coins built on specialized, high-speed blockchains have the strongest future. DOGEBALL runs on a custom Ethereum Layer 2 called DOGECHAIN. This setup means near-zero gas fees and instant speeds, making it perfect for long-term global growth.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
The crypto market is facing a difficult period. Bitcoin Cash price has fallen by more than 25% over the past week, while Ethereum price today continues holding near a critical support area that could trigger deeper losses if it fails.
Heavy selling activity is weighing on both assets, and neither currently offers strong confidence to market participants. As uncertainty grows, many are increasingly asking the same question: what crypto to buy now?
BlockDAG (BDAG) presents a different approach. Through its active Legacy Sale, BDAG is available for only $0.00000044 per coin and is supported by a buyback program offering $0.03 per coin. Alongside this, the ecosystem continues expanding through its casino platform, growing miner deployment, and additional utility developments. During a volatile market, this structured setup is gaining significant attention.
Bitcoin Cash Price Continues to Raise Concerns Recent performance in the Bitcoin Cash price has been among its weakest in a long time. BCH lost approximately $82 during the past week and now trades near $223. This places it well below its major weekly moving averages, including the MA-20 at $447, MA-50 at $515, and even the MA-200 at $338.
Most major technical indicators continue showing weakness. RSI, Stochastic RSI, CCI, MACD, and the Awesome Oscillator all point toward downward momentum. While BCH currently sits in oversold territory, that alone does not guarantee an immediate recovery.
For the coming week, analysts expect Bitcoin Cash price to remain within a range of roughly $220 to $230. Even if prices move toward the upper end of that range, upside remains limited. Anyone asking what crypto to buy now may struggle to find a strong short-term argument for BCH. Large buyers have not yet returned, overhead resistance remains strong, and the broader structure still favors sellers.
Ethereum Price Today Faces a Critical Test Pressure continues building around Ethereum price today after the asset dropped 6.67% in the last 24 hours to approximately $1,654. Two major factors are driving the decline.
Institutional demand has weakened considerably. U.S. spot Ethereum ETFs have now recorded outflows for 17 consecutive sessions, with the latest withdrawal reaching $53 million. This marks the longest outflow streak since these products launched. At the same time, long-term buyers reduced accumulation activity by nearly 80% within just two days.
Another major factor came from liquidations. Nearly $400 million worth of leveraged ETH long positions were wiped out over a 24-hour period, creating additional selling pressure and accelerating the decline.
The RSI currently sits near 12.17, showing deeply oversold conditions. If ETH successfully holds above $1,714, a recovery toward $1,893 remains possible. However, a breakdown could push the asset toward $1,550. For those wondering what crypto to buy now, Ethereum may require patience before stronger signals emerge.
BlockDAG’s Buyback Structure Creates a Different Opportunity While much of the crypto market continues struggling, the question of what crypto to buy now becomes less about avoiding losses and more about finding a clearly defined opportunity. This is where BlockDAG is drawing significant attention. Its Legacy Sale and buyback structure are creating a setup that differs greatly from many other projects currently available.
The Legacy Sale is now active with BDAG priced at only $0.00000044 per coin. Eligible participants can register their holdings through the dashboard and access the buyback program, which offers $0.03 per BDAG.
Current participants can register directly through the dashboard for the buyback program. Legacy Sale users benefit from uncapped daily sell limits, while existing holders also have access through BDAG Swap at 30% below market value. Those existing holders can submit up to 250 million BDAG per wallet each day at $0.00025 per coin through the dedicated buyback route.
Beyond the buyback model, the ecosystem continues expanding. The casino platform is growing, mining activity continues increasing, and new integrations remain under development. For anyone seriously evaluating what crypto to buy now, many see this as a limited window before participation levels increase further.
Final Thoughts Both Bitcoin Cash price and Ethereum price today continue reflecting a market facing heavy pressure. Selling activity remains strong, recovery attempts remain uncertain, and confidence across major assets continues to be tested.
This environment explains why many people searching for what crypto to buy now are paying closer attention to BlockDAG. While BCH and ETH may require extended patience and could face additional downside, BlockDAG offers a structured model through its buyback program and Legacy Sale.
The ecosystem continues expanding through casino growth, miner deployment, and increasing participation. With the Legacy Sale available at $0.00000044, a buyback value of $0.03, and a separate $0.00025 route for existing holders, the opportunity is attracting significant attention. For those seeking clarity during uncertain market conditions, what crypto to buy now is increasingly becoming a question that leads many directly toward BlockDAG.
Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
PANews reported on June 16th that, according to SoSoValue data, most sectors in the crypto market rose, with the PayFi sector performing particularly well, up 4.03% in the last 24 hours. Specifically, Stellar (XLM) rose 13.54%, and Bitcoin Cash (BCH) rose 6.45%. Meanwhile, Bitcoin (BTC) rose 1.16%, breaking through $66,000; Ethereum (ETH) rose 4.48%, breaking through $1,700.
In other sectors, the DeFi sector rose 2.48% in the last 24 hours, with Uniswap (UNI) up 10.72%; the Layer 1 sector rose 1.26%, with Zcash (ZEC) up 8.46%; the Layer 2 sector rose 0.80%, with Celestia (TIA) up 6.91%; and the CeFi sector rose 0.45%, with MX (MX) up 3.12%.
In addition, the Meme sector fell 0.44%, but SPX6900 (SPX) rose 7.57%; the AI sector fell 0.52%, while Worldcoin (WLD) remained relatively strong, rising 6.13%; the NFT sector fell again by 13.12%, and within the sector, Audiera (BEAT) fell 24.25%.
Bitcoin Cash [BCH], despite a strong run this year, could face another major decline that drives the asset toward $100, according to new on-chain insight.
Data across the spot and perpetual markets point to building selling pressure, with key indicators flashing the risk of a deeper move lower.
Bitcoin Cash faces a possible 50% decline The Aloha on-chain signal, an indicator that has marked the tops and bottoms of asset prices on multiple occasions, shows that neither target has been met for BCH so far.
At press time, data from Alphractal places BCH in the middle of that range, between its top and bottom. Joao Wedson, senior analyst and founder of Alphractal, said he would not be surprised by a further BCH drop despite the asset’s record.
“Even with this impressive track record, I would not be surprised if BCH still falls further.”
Source: Alphractal If a drop materializes, the signal indicates the price would likely find a floor near $100—the level that typically marks its bottom—roughly 50% below where it trades now.
Wedson added that nothing guarantees the decline, noting that “no market ever gives certainty.” However, AMBCrypto reviewed the wider spot and derivatives data to gauge how that move could play out.
BCH whales place large orders but lean short CryptoQuant data shows near-neutral sentiment across BCH’s spot and perpetual markets, though two indicators stand out and point to a rising risk of a bearish move. The average whale order size shows large holders firmly in control, averaging 229.96 BCH, about $44,688 at press time.
That control raises concern because the market’s funding rate has flipped to a negative 0.0028%, suggesting most perpetual-market capital sits in short positions.
Source: CryptoQuant The spot cumulative volume delta tells a similar story, with selling volume outpacing buying. The spot CVD shows taker sellers dominating the market, a trend that has held for weeks alongside BCH’s decline.
If the metric stays in that bearish direction, it would weigh on price and could extend BCH’s losses well below current levels, though it does not confirm a fall to $100.
BCH decouples from Bitcoin BCH has broken away from Bitcoin, with the 20-day correlation coefficient sliding to 0.24 after holding near 1.0 through much of May and early June.
That reading marks a weak positive link rather than the near-lockstep movement of prior weeks; the two assets have largely stopped trading in tandem, though they are not yet moving inversely.
Source: TradingView The breakdown matters because BCH has fallen hard, dropping from above $600 late last year to around $200. If the de-correlation holds while Bitcoin trades sideways or rallies, BCH could extend its slide on its own, or the relationship could snap back.
For now, the prospect of a short-term BCH decline remains in place, leaving the asset exposed to further downside.
Final Summary Analysts say Bitcoin Cash could lose roughly half its value, sliding from around $200 toward the $100 mark, though no one is calling that drop a certainty. BCH has started moving on its own rather than shadowing Bitcoin, which means its next move may not follow the broader market in either direction.
As promised, the leading US crypto exchange Coinbase has dramatically increased the number of coins supported on its platform. The company just added Stellar (XLM), a few weeks after the long-rumored debut of XRP.
So which coins will land the coveted Coinbase listing next?
Back in December, Coinbase revealed it’s taking a hard look at 31 additional cryptocurrencies. The platform now supports Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar, Ethereum Classic, Zcash, 0x, Basic Attention Token and USD Coin.
That leaves 28 coins on Coinbase’s list of prospects.
Coinbase Pro, the company’s professional trading platform, already supports a handful of the coins on the list above: Civic, Dai, District0x, Golem, Loom, Decentraland and Zcash.
It’s not uncommon for Non-Profit organizations to accept donations, but it’s not very common for these donations to come in the form of cryptocurrencies. Stellar is one blockchain/crypto project that is now making the big step towards donating to non-profits.
As a matter of fact, the foundation has already announced that it will be giving out a total of 1.9 million Stellar Lumens (XLM) to a select 6 organizations that have had its back for some time. The lucky non-profits include Heifer International (a global organization fighting hunger by helping agricultural producers), Women Who Code (encourages women to take up positions in the tech industry), Watsi (creates new technologies to improve financing models in the healthcare sector), Freedom of the Press, Unicef France, and the Tor Project (the creator of the anonymizing browser called The Onion Router).
Crypto Donations In the case of Tor, the project has been receiving crypto donations (Bitcoin) since 2013. Tor started accepting other cryptos in March 2019. These include Dash (DASH), Litecoin (LTC), Zcash (ZEC), Stellar Lumens (XLM), Bitcoin Cash (BCH), Ethereum (ETH), Augur (REP), and Monero (XMR). In fact, according to the project’s fundraising director, Sarah Stevenson, about 20% of the donations received by Tor come in form of cryptocurrencies.
Stellar’s new move in giving out crypto donations highlights the increasing exposure of cryptos to possible mass adoption in the future. Also, Stellar wants to support the non-profits as they have been using its technology and supporting its project, and it’s only right for the company to return the favor.
Crypto Against Coronavirus Granted, Stellar isn’t the only crypto-oriented donor in the industry. Various entities have moved to send their donations in cryptos during hard economic times and unrest in countries like Venezuela. Now, even more, entities are stepping up to help in the fight against the current Coronavirus pandemic.
In late March, Binance Exchange made a huge move by starting an initiative dubbed #CryptoAgainstCOVID. The initiative is focused on buying and distributing much-needed medical supplies to the regions hit by the pandemic. For a start, Binance donated $1 million towards the cause and pledged to match any public donation to a tune of another $1 million.
With all eyes fixed on Bitcoin’s valuation at the moment, the lesser-known assets with medium-range market caps were seen performing better than the large market cap assets.
According to Arcane Research, the best performing tokens over the past week has been outside the major altcoins with only Monero and Bitcoin SV making the cut from the major assets. Privacy coin Dash and Chainlink also registered impressive recoveries over the last few days, with Dash witnessing over 14.45 percent in the last 24 hours.
The Weiss Crypto’s Mid-Cap Crypto Index (WMC) (a measurement index covering the mid-range market cap on the basis of market performance) registered a sharp rise since the start of January. The index exhibited a growth of 1.05 percent for the collective market movement from the likes of Cardano, Monero, Dash, IOTA, and Ethereum Classic.
In comparison, Weiss Large-Cap Crypto (WLC) Index only pictured a 0.14 percent growth collectively as Bitcoin and Bitcoin Cash were responsible for the majority of the positive growth. Ethereum and Litecoin managed to exhibit positive returns as well.
However, the bearish side was rather dominant with other digital assets. According to the chart above, the Weiss Small Cap Crypto Index (WSC) recorded a drop of 0.44 percent over the same period. The likes of Verge, Ziliqa, and BitShares failed to take advantage of the surging market.
As a whole, the above data indicated that mid-level crypto assets were collectively outperforming in the market over the past week, whereas the likes of major assets such as Bitcoin, Ethereum and Litecoin were playing the game cautiously.
Crypto markets still range bound; Bitcoin, BCH and BSV moving marginally, Litecoin, BNB and ADA fall back. Market Wrap It has been another day of consolidation for crypto markets as they end the week flat. Very little movement outside of the channel has occurred this week as total market capitalization has been range bound around the $250 billion level. Things have picked up marginally for some crypto assets but others have lost ground.
Bitcoin hit an intraday high of just above $8,300 a few hours ago but pulled back to its current price of $8,230. The move is bullish but not strong enough to break the resistance at this level. Volume has picked up again and is approaching $20 billion which is a sign that further gains could be on the cards.
Ethereum is still flat and holding around $255. There has been very little momentum in the ETH camp and it is down 1.5 percent on the day. Volume is declining as the head and shoulders formation reaches its closure and a drop could be imminent. Current support for ETH lies at $230.
The top ten is showing more red than green during Asian trading this morning. The only two aside from Bitcoin that are up on the day are Bitcoin Cash with 2.5 percent and Bitcoin SV with 3.5 percent. The rest are in the red with Litecoin and Binance Coin dropping the most at over 3 percent each.
Top twenty movements are also minimal with a couple of percent being dropped by Cardano and Tron. Gaining a similar amount are Cosmos and NEO reaching $6.25 and $13.13 respectively. The rest are plus or minus a percent or so as the crypto consolidation continues.
FOMO: Chainlink Spikes on Google Hints It comes as no surprise that today’s top one hundred top performer is Chainlink. The 43 percent spike came after Google Cloud dropped hints that it would be working with Ethereum based LINK. The Reddit feed went wild and the altcoin spiked in volume from $24 million to $390 million as the fomo frenzy gathered pace. Binance is getting the majority of trade at the moment with 67 percent.
Energi is a newcomer to the top one hundred with a 30 percent pump as NRG gets listed on KuCoin. Bytom has also had a productive 24 hours with 14 percent added. As predicted the big dump is Aurora as it peaks and troughs on a daily basis, today dumping 50 percent for no obvious reason.
Total market cap 24 hours. Coinmarketcap.com Total crypto market capitalization is currently marginally higher than this time yesterday at $262 billion. Markets are still range bound however and are unlikely to see any bigger moves until Bitcoin breaks out. The push back above $8,200, albeit briefly, is a bullish sign though so the weekend in crypto land could get interesting.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
[Beijing, Jul 1] Leading public blockchain Aurora Chain (token: AOA) publish new feature – Upgradable Block, bring more flexibility and utility to the public chain landscape. Developers using Aurora chain will be able to enjoy the lasted feature that Aurora brings. This upgrade can also reduce cases of hard forking.
Cases of hard forking are rather abundant during the industry’s short history. Take Bitcoin for an example, it now has more than 6 hard forks including Bitcoin Classic and Bitcoin cash. Furthermore, the already forked Bitcoin Cash forked again last year by it’s two major mining pools, creating BCHABC and BCHSV.
Hard forks can be a good way to gain attention in twitter wars, it ultimate lowered the utility of bitcoins and undermines its mining capability. For more up-to-date and advanced blockchains, this could potentially be catastrophic. Hence, the Aurora tech team came up with a solution that can lower this risk.
Basically, the solution requires mining agents or agent candidates to vote for upgrading the blockchain within a 14 days limit. When votes for an upgrade exceeds the total number of voting agents and agent candidates, this upgrade passes and a block height will be chosen for implementing the new upgrade.
An upgrade should include URL of the version released on Github, the version code, description of the update and md5 information of the new upgrade.
When the upgrading program on the network received upgrading request, it will automatically retrieve the new release and proceed to verify this version. Once the verification is successful, the test network will be activated.
Users can try this new version on the test. If any problems or glitches happened before the implementation of the release, the agent that requested the upgrade can put the upgrade to a halt. Until the halt is revoked, the upgrade will not be carried out even if the network reaches the agreed block height.
The solution has two smart contracts and an upgrade control:
Smart contract A manages the upgrade smart contract, which is smart contract B. It can substitute the old version of the blockchain code with the new one
Smart contract B regulates the process of voting and retrieving of an upgrade. It supervises 5 major parts of the solution:
Agents and Agent node candidate votingsOther mining agents or agent candidates participating in the voting processThe upgrade is passed when “Yes” votes exceed 2/3 of the total number of the mining agents and agent candidatesThe agent that requests the upgrade can halt the upgrading process in case of emergencyThe agent that requests the upgrade can resume the upgrading processUpgrading control has three purposes:
oversee the who network, supervise the initiation, processing, and pausing/abanding the upgrade.Monitor the communication between contract A and contract b,Optimize the concurrence of Testnet and Mainnet.Upgradable chain markes a major step for the Aurora team. It could be the antidote to the scalability issues that the industry is facing. Aurora network is faster than most public chains. “Upgradable Blockchain” further boosts versatility and utility of Aurora chain based decentralized apps.
About Aurora
Aurora makes a breakthrough in the Blockchain world. By applying DPOS+BFT consensus mechanisms, we create lightning-fast contracts to link industries such as gaming, big data, artificial intelligence and IoT. Aurora offers unique intelligent application isolation, enabling multi-chain parallel expansion and an unlimited increase of TPS with guaranteed security.
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Author
Ishan Garg Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.
