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Top Crypto Movements of 2019 Unveiled

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A major trader on Hyperliquid risks losing a giant XRP position worth more than $30 million in one fell swoop. According to data from the analytics platform Onchain Lens, the address "0xf79C...9BbD" opened a long position of 27.9 million XRP using 20x leverage, while the total value of the open notional position is estimated at $30.9 million. 

However, because of the high leverage, the liquidation price is set at $0.92. 

At the moment, the trade is already bringing the investor major losses. The current price of the asset has dropped to around $1.10, causing the floating unrealized loss on XRP to exceed -$672,000.

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Account "0xf79C...9BbD" overview on Hyperliquid, Source: HyperbotThe situation is worsened by the fact that the trader is also holding another large position — a long Bitcoin position of 809.9 BTC, worth $50.6 million, also with 20x leverage. At the moment, the total weekly loss across the entire portfolio stands at -$3,400,520, while the available free margin on the account has been completely depleted. 

This leaves the trader without the ability to defend the positions unless new funds are deposited.

Calculation for a July reversalDespite the critical situation, the investor's actions may have a clear statistical basis. According to historical price data from CryptoRank, XRP is currently showing a decline of -17.3%, making this June one of the worst in the coin's history.

However, historical statistics show that July has almost always sided with buyers. Over the past 13 years, XRP's average July return has stood at a steady +10.2%, while the median return is +10.8%. 

Moreover, exactly one year ago, in July 2025, the asset posted a powerful gain of +35%.

XRP price action over the year since July 2025, Source: TradingViewApparently, the whale consciously took an extreme risk at the end of June, betting on surviving the local storm and catching the traditional July market reversal. If this plan works and the market recovers by at least the standard historical July median, the current million-dollar losses could turn into a colossal profit. 

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If the median growth of +10.8% materializes, the XRP price would rise from the current $1.10 to around $1.22, potentially bringing the whale a net profit of around $3.32 million.

This amount would not only fully cover the current paper loss of -$672,000, but also more than double the trader's initial collateral, or margin, adding about $2.65 million in net profit on top.

However, the trader has critically little time left for this triumphant plan to play out. Should the market decline continue in the coming days and XRP reach the $0.92 mark before the start of the next month, the paper position worth more than $30 million will be fully liquidated by the platform, wiping out all deposited margin before the position ever gets the chance to benefit from the historically favorable period.

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At midday yesterday, whales moved around 77,000 BTC—worth a whopping $780 million —into three unknown wallets. To put that into perspective, that’s around 0.43% of all circulating supply. 

Then things get even stranger: a day later, someone moved 484,775,570 XRP, worth about $133 million. 

Needless to say, speculation about the big moves is raging across the twittersphere. Some pundits believe the transactions are related to the alleged Chinese Ponzi scheme PlusToken— which was accused of scamming users out of $3 billion. The idea here is that bad guys are liquidating their ill-gotten gains.  Others say these moves are likely made by the usual suspects— whales— just ahead of what all the chart watchers absolutely swear will be a breakout. That’s right: The market is ready to go way up! Or maybe it’ll go way down. Then again, maybe it's nothing more than exchanges moving things around.

The news initially came from whale-alert, a website that puts out alerts on its Twitter feed whenever someone makes a sizeable transaction between wallets.

The two largest Bitcoin transactions–one for 33,705.87785594 BTC and another for 36,469.17934377 BTC–went to separate wallets, but took place within 30 minutes of each other. 

The Bitcoin market felt the vibrations instantly. About an hour after the transaction, the price of BTC rose by about $400 to a high of $10,442.44. A day later, it started to sink like a stone, now at $9,982.30.

 The BTC move might have bumped up the price of Ripple. In the hours following the BTC move, the price of XRP rose from $0.267527 to $0.277568. 

One Ripple whale snatched the opportunity to make its move of 84,775,570 XRP, worth $133,366,660. 

@Kemkem, a keen whale watcher, claims that the Ripple address belongs to the masterminds behind the PlusToken Ponzi scheme, which is quickly dumping hundreds of millions of stolen funds on the market. Indeed, a search for the address brings up Chinese language forums encouraging users to donate to the token. So who knows?

But anyone waggling a finger at PlusToken really ought to hold off for now. Earlier this week, Whale Alert picked up another huge transaction, of  97,750,354 VERI worth some $774 million). Turns out it likely wasn't anything interesting: The Whale Alert twitter account said that the coin, Veritaseum,  is a low-volume coin. VeritaseItsum’s market cap currently hovers around $15 million. “It is likely that the devs moved or unlocked the locked supply of the coin (total supply 100,000,000),” tweeted Whale Alert.

For now, speculation remains utter speculation.

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A third-party provider failure caused Revolut’s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents.

Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem in a public statement, saying engineers were working on a fix and urging customers to check its status page for updates.

Hi. We want to help resolve the issues you’re facing with the Bitcoin price notification. We’re currently experiencing issues affecting some of the app’s functionalities. Please be assured that our colleagues are working on this as we speak. Please keep an eye on our status page…

— Revolut Support (@revolutsupport) May 8, 2026

A company spokesperson later confirmed the disruption had been resolved, attributing it to a service failure at an unnamed external pricing provider.

The company said it was still evaluating the full details of what went wrong.

UPDATE: It wasn’t just Bitcoin.
Multiple coins on Revolut appeared to flash-crash/glitch at the same time.

Looks like a pricing/chart glitch — but for a few seconds, everyone thought they discovered the biggest crypto discount of all time.#Crypto #Bitcoin #Revolut pic.twitter.com/fIelIbAOor

— Dave Flowman (@_btcd) May 8, 2026

The glitch wasn’t limited to Bitcoin. Users reported seeing simultaneous price drops across XRP, Solana, and even stablecoins like USDT and USDC — assets designed to hold steady at one dollar.

Screenshots shared on X and Reddit showed Bitcoin’s 24-hour chart registering a roughly 50% intraday plunge, with the price briefly anchoring near $39,900 before snapping back.

Some users also received push notifications warning that BTC had hit a 52-week low of 2 cents.

According to Revolut, The price of Bitcoin has just dropped to $0.02

I guess its time to buy! 😂 pic.twitter.com/YIbwBGrkeT

— That Martini Guy ₿ (@MartiniGuyYT) May 8, 2026

No Matching Moves On Any Other Platform Pricing data on major aggregators showed nothing unusual during the same window. Bitcoin’s price on CoinMarketCap and CoinGecko held steady, with no sign of any crash in derivatives markets either. The anomaly appeared entirely contained within Revolut’s app.

Ranveer Arora, a former PwC quantitative trading lead and co-founder of Altura.trade, told reporters two explanations are in play.

The first is a corrupt data tick pushed through Revolut’s pricing system — a single bad data point that briefly anchored the chart before being corrected.

Bitcoin is now trading at $80,625. Chart: TradingView Because Revolut is not an exchange and pulls prices from outside providers, one faulty input can be enough to produce exactly this kind of chart distortion.

The second possibility is a transient liquidity gap. Revolut’s order book is shallower than what you’d find on a full exchange, so a large sell order could theoretically exhaust available bids and print a sharp downward wick before prices recover.

Arora noted, however, that the lack of matching prints on any other platform makes the data feed explanation more likely.

Why Retail Apps Face Unique Data Risks Marc Tillement, director of blockchain price oracle Pyth Data Association, said the episode shows how quickly a single bad data point can distort price perception — particularly in retail-facing systems where users may not think to cross-check what they’re seeing.

Tillement said that as markets grow more data-dependent, the reliability of pricing infrastructure becomes central to how much traders can trust what’s in front of them.

Transparent, verifiable data layers, he argued, are what separate a glitch from a crisis.

Featured image from Pixabay, chart from TradingView

Table of contents

Hours ago, XRP was flirting with $1 and traders were bracing for a break below it. Then the CPI landed, the soft core reading flipped sentiment, and XRP did not just bounce, it led the entire market higher with a 5% jump. The same token that looked broken this morning is suddenly the strongest name on the board. Here is what changed and whether it holds.

XRP is trading near $1.18 on June 10, 2026, up about 5% on the day and leading a broad market rebound after the May CPI report (live XRP price on CoinGecko). The move is notable not just for its size but for its leadership: XRP outpaced Bitcoin, which rose about 3.3%, and roughly matched the strongest large-cap gainers. After weeks of XRP underperforming and sliding toward $1, that is a meaningful shift in tone.

The catalyst was macro, but the leadership was XRP-specific. Both parts matter.

What the CPI changed This morning, XRP was pinned near four-month lows, weighed down by a market terrified that hot inflation would keep the Fed hawkish. The CPI report flipped that fear, at least partially.

While headline inflation came in hot at 4.2%, the core reading, which strips out food and energy and which the Fed watches most closely, rose just 0.2%, below expectations. That soft core was enough to revive hopes that underlying inflation is cooling and the Fed has room to ease later this year. Risk assets responded immediately. The broad crypto market turned green, with the CD20 index up nearly 4%, Ethereum up 4.4%, Solana up 5.8%, and XRP up 5%.

In short, the number that traders feared would push XRP below $1 instead handed it the fuel to bounce off those lows.

Why XRP led the rebound A 5% move when Bitcoin gains 3.3% is outperformance, and it is not random. XRP led for a few reasons.

First, it was the most oversold. XRP had fallen harder than most large caps heading into the report, with a weekly RSI in the low 20s, so it had the most room to snap back when sentiment flipped. Second, the accumulation signals were already in place: over 25 million XRP had left exchanges in recent days, ETF inflows continued, and dip buying had surged at the lows. That buildup of coiled demand released fast once the macro fear lifted. Third, the CLARITY Act catalyst is live, with more than 200 firms pushing the Senate for a vote, giving XRP a forward story that pure beta names lack.

When a deeply oversold asset with real accumulation underneath it gets a macro green light, it tends to move hardest. That is exactly what happened.

The caveats worth respecting This is a relief bounce, not a confirmed reversal, and the honest read includes the risks.

The hot headline CPI has not gone away, and the real verdict comes at the June 17 FOMC meeting, where the Fed’s dot plot will show how it weighs the hot headline against the soft core. A hawkish surprise there could erase this bounce quickly. Technically, XRP is still below its 50-day average near $1.38 and its 200-day near $1.62, so one green day does not break the downtrend. And the CLARITY Act odds were just cut to 60% by Galaxy Digital, so the catalyst is far from guaranteed.

In other words, today’s move is real and the leadership is encouraging, but XRP has to prove it can hold and build, not just bounce.

XRP/USD: Key Levels to Watch On the upside, reclaiming and holding $1.20 is the immediate test, the level XRP is pushing against now. Above it, the $1.25 to $1.30 zone is the next resistance, and the 50-day average near $1.38 is what a real trend change requires. On the downside, $1.10 is the support that held this morning, and the psychological $1.00 remains the line that must not break.

Bottom Line XRP went from flirting with $1 to leading a 5% market bounce in a matter of hours, all on a soft core CPI reading that revived rate-cut hopes. The leadership is meaningful: it shows that when fear lifts, XRP’s oversold setup and underlying accumulation can produce outsized moves.

But the bounce has to survive the June 17 FOMC and reclaim $1.20 to mean anything lasting. For now, XRP is the strongest name on a green day, which is a welcome change after weeks of weakness. Watch $1.20 above and $1.10 below, and remember the real macro test is still a week away.

FAQ Why did XRP jump today?

XRP rose about 5% to $1.18 after the May CPI report showed a soft core inflation reading of 0.2%, below expectations. That revived hopes the Fed could ease later this year, sparking a market-wide bounce that XRP led.

Why did XRP outperform Bitcoin?

XRP was more oversold than most large caps heading into the report, with a weekly RSI in the low 20s, so it had more room to rebound. Strong accumulation signals, including exchange outflows and ETF inflows, amplified the move when sentiment turned.

Is the XRP bottom in?

Not confirmed. This is a relief bounce driven by macro sentiment. XRP remains below its key moving averages, and the real test is the June 17 FOMC meeting. Reclaiming $1.20 and then $1.38 would be needed to signal a genuine trend change.

What are the key XRP levels now?

The immediate test is holding $1.20, with $1.25 to $1.30 as the next resistance and the 50-day average near $1.38 above that. On the downside, $1.10 is support, with the psychological $1.00 the critical floor.

What is the CLARITY Act’s role?

More than 200 crypto firms are pushing the Senate to vote on the CLARITY Act, which would classify XRP as a digital commodity. It is XRP’s biggest forward catalyst, though Galaxy Digital recently cut the odds of 2026 passage to 60%.

This is not investment advice. Cryptocurrency is highly volatile. Always do your own research and never invest more than you can afford to lose.

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Bitcoin (CRYPTO: BTC) closed the first quarter of 2026 down 23%, driving exhausted traders to pivot capital into a surprising alternative asset class: physical Pokémon cards.

Prominent crypto analyst Trader Mayne and pseudonymous collectibles expert CBS discussed on Wednesday how the Trading Card Game (TCG) market is absorbing liquidity as digital assets continue to trade sideways.

The “Bitcoin” Of CollectiblesVintage Pokémon cards are exhibiting price resilience, with CBS highlighting the 1999 Base Set First Edition Charizard as the “Bitcoin of the TCG market.”

TCGs are attracting crypto capital thanks to their scarcity, liquidity, and decoupling from wider digital assets.

Unlike altcoins with constant token unlocks and inflationary supply, vintage cards have fixed, verifiable caps.

High-end graded cards operate with near-instant liquidity at trade shows and online marketplaces, allowing traders to flip $50,000 physical assets in minutes.

And while Bitcoin and equities dumped over the last four months, vintage trading cards largely held their value or appreciated.

CBS views the current environment as a “land grab,” noting that wealthy millennials in their 30s are aggressively replacing traditional antiques with nostalgic physical investments.

Markets Held Hostage By HeadlinesBack on the traditional charts, Mayne emphasized that technical analysis is currently taking a backseat to geopolitical “tape bombs.”

Mayne noted this instant risk-on bid reveals the market’s total desperation for a de-escalation catalyst.

Until a formal ceasefire occurs, Mayne expects violent volatility and warns against forcing leverage in the middle of a headline-driven range.

Prediction markets currently price the odds of U.S. “boots on the ground” in Iran by the end of April at greater than 50%.

Mayne also took aim at Strategy Inc (NASDAQ:MSTR) and its Chairman Michael Saylor over the aggressive marketing of the company’s new 11.5% yield product, STRCH.

Saylor recently deployed heavily criticized, AI-generated promotional videos to advertise the fixed-income product to retail investors.

Mayne compared the marketing tactics to the peak-euphoria days of the collapsed Terra/Luna Anchor Protocol, labeling the campaign “unbelievably cringe” and warning that such aggressive retail targeting damages the broader credibility of the Bitcoin ecosystem during an already fragile market structure.

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Travala.com, a blockchain-based hotel booking platform, has announced that crypto users can now pay with the stablecoin Tether (USDT). Travelers can book a stay at any number of accommodations around the world on the online platform by using USDT.

Travala.com is an Amsterdam-based travel firm with over 17,000 employees around the world. The company’s platform offers crypto users access to over two million properties in more than 90,000 destinations across 230 territories.

In addition to Tether, Travala.com also accepts crypto payments in the form of Bitcoin, Ethereum, XRP, Litecoin, Binance Coin, Bitcoin Cash, Stellar, and Cardano. The company touts that its prices are up to 40% cheaper than other travel booking platforms.

Says CEO Matt Luczynski,

“Part of our mission is to provide our users with a wide choice of the most well known and used cryptocurrencies so it made perfect sense for us to integrate USDT as a payment option on Travala.com.”

Tether is the most popular cryptocurrency in terms of trading volume. At time of writing, Tether’s 24-hour trading volume is over $26.6 billion compared to Bitcoin’s $22.1 billion. Ethereum is a far third at $8.47 billion.

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Featured Image: Shutterstock/Keattikorn

Travala Adds Second Stablecoin, Tether (USDt) As Crypto Payment Option For Booking Hotels

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Amid the chaos that was sparked by Israel’s attack on Iran, Bitcoin has climbed again, shaking off the losses triggered by the conflict. Not only has the price seen an increase from its last week’s lows, but there has also been a notable change in the cryptocurrency’s daily trading volume. This points to continued interest despite global factors and could mean that the expectations of war are already getting priced in for the crypto market.

Bitcoin Sees Almost 100% Jump In Volume According to data from Coinglass, there has been a turn in the tide for the Bitcoin trading volume after starting out the new week in a slow trend. Sunday and Monday had seen the Bitcoin daily trading volume come out under $50 billion. However, as the Bitcoin price rose leading up to Tuesday, so did the trading volume.

At the time of writing, the Bitcoin daily trading volume had already crossed $88 billion for Tuesday, leading to an almost 100% increase in the trading volume during this time. This follows the trend of high volatility coming with increased volumes as the Bitcoin price swung wildly between $105,000 and $108,000.

Source: Coinglass The sharp jump in volume comes as the Bitcoin open interest remains high at near all-time highs while the rest of the market struggles. Coinglass data shows the current open interest at $71 billion, less than $10 billion away from the $80 billion all-time high recorded in May 2025.

In light of altcoins continuing to trend low while Bitcoin remains close to all-time highs, it suggests that most of the attention in the crypto market is now being focused on Bitcoin. As a result, the leading asset continues to dictate the direction of the market, with dominance remaining high above 64%.

How War Could Affect This Trend The positive developments surrounding Bitcoin are coming as there seems to be a cooldown in the conflict in the Middle East. But with so little time having passed, expectations are that the war may only be starting, with some calling it the start of ‘World War 3.’

The Kobeissi Letter has taken to X (formerly Twitter) to address these World War 3 predictions, revealing how the markets would react if there really was a possibility of this happening. The first thing was that a 50% chance of World War 3 would’ve seen the S&P crash not 2%, but more of a 30% crash. Gold would be $5,000/oz, and oil would go for $100/barrel.

Furthermore, a 90% chance of World War 3, as explained in the post, would likely cause the S&P to crash 50%, with the prices of gold and oil surging to $10,000/oz and $200/barrel, respectively. Given Bitcoin’s correlation with the stock market so far, there is no doubt that such a crash would have carried over, triggering disastrous losses for the crypto market.

Given these, The Kobeissi Letter explains that the markets are saying the chances of World War 3 are slim. At this time, they expect a resolution to the conflict. “Futures all around the board this morning saw de-escalation coming,” the post read.

BTC price bounces from $103,000 | Source: BTCUSD on TradingView.com Featured image from Dall.E, chart from TradingView.com

The current XRP downtrend may have lasted for a long time, but it still maintains a bullish long-term structure and could rebound considerably soon.

At the time of writing, XRP trades at $1.13. Barely one year ago, the coin made a new all-time high of $3.66, breaking its over 7-year peak price. Now, the 69% correction from that peak to the current level comes amid a prolonged price downtrend that has plagued the entire crypto market.

The Broader XRP Structure Still Bullish If the month closes as it stands, XRP would have dropped in 8 of the last 9 months, with the exception being the mild 2% increase recorded in April. This clearly reflects the current state of the market and how bears have dominated proceedings for a long time.

Nonetheless, higher timeframes paint a different picture. While the trend has been corrective for months, the 1-month chart shows that XRP still maintains a bullish structure. The asset has consistently made higher highs and higher lows since inception.

Even the current bear market has not broken this trend. As such, this downward push could be another higher low pattern where price retests key resistance-turned-support zones before another uptrend to new highs.

This consistent broader bullish structure continues to strengthen the narrative that the current prolonged decline could be temporary and part of a broader bullish picture, as long as the asset holds key price levels.

Support Forming at This Key 2021 Level Currently, XRP trades at the support level near $1.10. This is a major demand zone that analysts are closely monitoring because of its significance.

Notably, that level aligns with a former resistance level during the 2021 bull run. Between August and November 2021, XRP struggled to close above the $1.10 resistance. Prices closed at $1.18 in August 2021, $0.95 in September 2021, $1.11 in October 2021, and $0.99 in November 2021 after reaching much higher prices. Eventually, XRP gave way to the bearish pressure, dropping much lower.

However, in November 2024, prices blew past this resistance with strong volume, turning it into a key support area. The coin is back at this area again, and market watchers are observing whether it holds or falls lower.

XRP Support Levels The coin is already finding support here, having rebounded from $1.05 earlier to its current price. Should XRP find stability here and the broader market conditions start to improve, it could start to gain strength.

However, further downside could take XRP to the support levels at $0.76, $0.52, $0.35, and $0.16, as identified in the shared chart. This represents declines of 33%, 54%, 69%, and 86%, respectively.

Good Time to Buy XRP? Notably, several analysts still expect XRP to drop below $1. Analyst CasiTrades believes the coin could drop to $0.87 before any notable recovery, calling that area the ideal “buy zone.” This also aligns closely with the projection from top chartist Ali Martinez.

Nonetheless, analysts believe that always expecting further decline hinders accumulation. With XRP already significantly below prior highs and at multi-year support regions, it has already provided a good entry point. 

Moreover, the current support could hold and invalidate lower calls. In this case, those who buy at the current levels are well positioned for the rebound that could follow. Analysts suggest that reclaiming $1.50 is a sign of a major bullish breakout. A sustained recovery could see XRP retest its ATH at $3.66, representing a 224% increase from the current market price.

Interestingly, market users seem to already be accumulating. Over the past seven days, spot exchange outflows have surpassed inflows, showing that users are withdrawing XRP from exchanges to platforms where they can hold long-term. During this period, inflows stand at $590 million and outflows at $629 million. This bullish trend persits across all timeframes.

Coinglass XRP Spot Flow DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Leading cryptocurrencies cracked alongside stocks on Tuesday, after a sharp decline in chip-related stocks cast doubts on the sustainability of the AI rally.

Crypto Market Sinks DeeperBitcoin dropped below $62,000 amid heavy selling, while Ethereum bulls failed to defend the support at $1,700. XRP and Dogecoin recorded sharp declines as well.

Over $560 million was liquidated from the cryptocurrency market in the last 24 hours, with $490 million in bullish long positions wiped out, according to Coinglass data.

Roughly $350 million in Bitcoin longs were at risk of liquidation if the price dropped to $60,000.

Bitcoin’s open interest fell 1.39% over the last 24 hours. Whale and retail derivatives traders, meanwhile, bought the dip, adding more long exposure to BTC.

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.15 trillion, following a decline of 1.63% from the previous day.

Stocks In Red After Chip Stocks TumbleStocks faced heavy sell-offs on Tuesday. The Dow Jones Industrial Average fell 45.87 points, or 0.09%, to close at 51,666.84. The S&P 500 slid 1.44% to end at 7,365.46, while the tech-focused Nasdaq Composite declined 2.21% to close at 25,587.04.

Why This Support Is Significant For BTCAli Martinez, a widely followed cryptocurrency analyst and trader, said that Bitcoin must hold the support at $60,587 to “maintain the current trend.”

Citing on-chain data, the analyst highlighted the $60,000–$63,000 range as one of the largest volume clusters, where over one million BTC changed hands.

Michaël van de Poppe, another well-known cryptocurrency commentator, stated that Ethereum is currently stuck in the middle and needs to break above $1,800 to “regain momentum.”

“If the markets break back into that range, it can move quickly to $2,500+,” Van De Poppe said. “Other than that, it’s very likely to see retests at $1,385 and/or $1,505.”

Photo: Memory Stockphoto / Shutterstock

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In brief Altcoins fell with bitcoin yesterday—but, like BTC, are showing modest recovery today. The biggest winner of the day was Contentos's COS, which saw its price pump 158%. Most other coins in the top 200 say modest single-digit boosts. When bitcoin sneezes, altcoins get the flu. That’s probably a bad joke to make right now, but you get the point: As goes the market for bitcoin, so go the thousands of other cryptocurrencies whose fate is pegged to the mother of all blockchains. And, with BTC itself falling 10% yesterday alone, it was hardly surprising that the market cap for crypto overall dropped $40 billion from Saturday through Monday.

But now that the market appears to be recovering a bit, so are altcoins, with the vast majority of the top 100 seeing modest  gains. The big winner of the day (at least in the top 200 coins on CoinMarketCap) was Contentos. The content-management system’s native token, COS, is on the Binance Coin platform and enjoys a $36 million market cap, making it the 107th most valuable coin. Today, it saw a 158% pump—to $0.03.

Who knows why! But hearty congratulations, to the Contentos whale, from the entire Decrypt team...

A fine day for Contentos via Coinmarketcap.comElsewhere, gains were far less spectacular. We took a look at some of the better known altcoins to see how they’re doing. (The numbers next to them represent their ranking on CoinMarketCap).

Coronacoin (NCOV) #N/AIf any altcoin should be benefiting from the ravages of covid-19, it’s the Coronacoin. Yet it isn’t listed on CoinMarketCap, and it’s so low on CoinGecko, we couldn’t find a ranking  associated with it. The NCOV token allows traders to bet on the new coronavirus epidemic, and it’s  stumbling. In the last 24 hours the token saw a 25 percent drop in price, according to CoinGecko.

At the end of February, NCOV was $.03. It was $.0015 when I looked early today. Oddly, the value of the altcoin is supposed to increase when people die, because the networks proportionately burns coins. But all that Corona death isn’t helping the price, apparently.

Still, Sunny Kemp, a Coronacoin developer, maintains his sunny optimism. “The project is doing great,” he told Decrypt via a chat in Telegram. According to him, the alcoin was recently listed on two (obscure) exchanges—Altmarkets and Satoexchange—and the project made its first RedCross donation for $235. (The project is not as cynical as it sounds, and allocates 20 percent of its NCON supply to the non-government agencies every month.)

Fans of its gallows humor will be heartened to hear that, to boost the sihitcoin's price, the team is working on a new morbid game that will put the token to use. The game is similar to Pandemic for Android, where the player creates a pathogen in an effort to annihilate the human population.

“You create a virus and infect countries. The rate of infection and severity of the virus is dependent upon how you engineer the virus,” Kemp said in describing how it works. His team even consulted a biomedical researcher to design the game, he said.

But as to the dismal price of NCOV, he wouldn’t comment. “I cannot comment on price, we are not a security, $nCoV is a utility token,” he said.

Cardano (ADA) #12 Cardano was started by Charles Hoskinson, the ex-CEO of Ethereum. The network launched in October 2017, and in January 2018, when its native token peaked at $1.25, ADA owners were a happy bunch. The token went on to plummet to $.15 later in the year. After that, it saw a few hopeful pumps and now it’s tooting along at $.05.

To be fair, the total circulating supply of ADA is about 26 billion, so even though they aren’t worth much, there’s a hefty number of them. Hoskinson argues that based on the initial coin offering, which brought in $64 million, ADA is still good value for investors.

Still, the big question is, when will the Cardano project be decentralized? It has been centralized since its launch in September 2017. Speaking to Decrypt on the phone from his Colorado farm last night, Hoskinson said that will happen when the project transitions from Byron to its Shelley release sometime later this year. Shelly was originally slated to come out in 2018.

In defense, he said: “It’s always been a five year project from the beginning.”

Ethereum (ETH) #2Second only to bitcoin in marketcap ETH, the native token of the Ethereum blockchain, had been on a bit of a roll lately. At least it was until mid February when ETH was at $257. Since then the price dropped slowly—until yesterday when it plunged below $192. It's back up to $201 today. 

Hedera Hashgraph (HBAR) #41Hashgraph falls into the category of “mathcoins.” Similar to other mathcoins, such as Maidsafe, Nano and IOTA (we’ll get into the latter two in a minute), the project promises a consensus mechanism that will solve all the problems of bitcoin’s energy consuming proof-of-work with clever new mathematics. And like some of the other mathcoins, Hashgraph doesn’t even use a blockchain. It uses a “hashgraph” instead.

At the same time, it still makes all the tantalising promises of cryptocurrency, including a decentralised censorship-resistant network with fast, secure and cheap transactions, but sans the headaches of PoW.

In mid-February, after Hashgraph announced that Google would be joining its high-profile governing council, the price of HBAR shot to above $.05 for the first time since the network’s launch in July 2017. Now it is sitting at below $.05 again.

Nanocoin (NANO) #58Billed as “digital money for the real world,” Nanocoin (formerly RaiBlocks) is another mathcoin that employs all kinds of mad scientist technology. It uses “directed acyclic graph architecture” and employs its own “block-lattice architecture,” which means every individual is assigned their own blockchain.

None of that has helped the price of the NANO, which flatlined in recent months. At its highpoint in January 2018, the altcoin was worth $34. Although it hasn’t tumbled as far as others in the recent dip, it was at $.70 today.

Communications Manager Andy Johnson, shrugged off the recent change in price. “Volatility is a symptom of the nascent cryptocurrency industry,” he told Decrypt via email.

He assured us that the project is well provisioned. “Early caution ensured that we have been able to maintain a razor-sharp focus on our goals and equipped with the resources to refine the protocol and build out the surrounding ecosystem,” he said.

The project claims it is decentralized, but it also uses proof-of-stake, which means that the largest bagholders control consensus. One of them is crypto exchange Binance, which trades about 30% of the volume.

IOTA (MIOTA) #24IOTA is proof that a network doesn’t need to be operational for an altcoin to go up in price.

Similar to Nanocoin, IOTA runs on a DAG. IOTA is not decentralized—it’s network relies on a central coordinator node, which it shut down on Feb. 12, after its Trinity wallet was hacked.

(The project didn’t say how much was lost, but IOTA founder David Sønstebø recently said he was paying back users $2 million with his own funds.)

The big task for the project is getting rid of the coordinator node—or “coordicide,” but it isn’t  there yet—and hasn’t been since it launched its mainnet in July 2016.

Shutting down a network is unusual because cryptocurrencies are by nature supposed to be unstoppable, but this one apparently isn’t. The IOTA project promised it would spin the network back up Tuesday, after being turned off for nearly a month.

Despite the network literally being shut off—and a lot of other ongoing drama in the project—though it has dropped from $.03 in early February, the price of IOTA coin actually went up 4% earlier today, to nearly $.02, according to CoinMarketCap. That might lead one to the conclusion that nothing can kill a zombie altcoin.

Ripple (XRP) #3Ah, Ripple, the platform people love to hate as being a wold in crypto's clothes. Though it has a total supply of $99 billion, most XRP is in the hands of Ripple, which currently has $54 billion in escrow. (The platform unlocks $1 billion each month and sells it.) 

Our good friend XRP saw a steady decline in price last year, sinking from $0.35 in early 2019, down to $0.25. In the past few days, it dropped a few more cents to $0.21, where it currently resides—up nearly 3% in the past 24 hours.  

Tether (USDT) #5Tether is everyone’s favorite fictional trading reserve. Pegged to the U.S. dollar, USDT is the essential source of liquidity in the crypto trading markets. Every 24 hours, the entire $4.6 billion supply of tethers sloshes around 11 times. Though right now, tether is $0.99, it’s known to slide at times. Like in April 2017 when it lost its peg and dropped to $0.91. Who knows what could happen if we ever learn the real story of what’s behind those tethers. 

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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This Week in Crypto: Binance Delisting, Trade Wars Escalate, Ripple SEC Settlement, and More

Travala Expands Its Crypto Payments Options By Adding NEM's XEM Token

The expected launch of REX-Osprey XTP ETF today and the anticipated approval of other XRP ETFs next month have boosted investors’ sentiment. However, XRP whales are betting against the ETF hype and continue to liquidate their holdings, on-chain data confirms.

Whales Offload 40 Million XRP: Santiment Big whales holding 10 million to 100 million XPP sold 40 million coins over the last 24 hours, according to Santiment data on September 12. Whales continue to liquidate their holdings worth millions in the last few weeks, maintaining their negative sentiment.

Whales XRP Coin Transactions. Source: Santiment The uncertainty surrounding spot XRP ETF approval by the U.S. SEC and muted trading volume have also delayed the much-needed XRP price rally. The SEC recently delayed the Franklin Templeton XRP ETF, one of the several ETFs in line for approval.

Moreover, Whale Order and Large Trades data on the K-line chart indicated massive sell orders above the 3.05 level in every spot and perpetual pairs at Binance, Coinbase, and OKX.

Also, whales have opened short positions between $3.3 and $3.6, which will make it difficult for bulls to continue upside despite the REX-Osprey XRP ETF launch today. The ETF may not witness enough demand from institutional investors, similar to REX-Osprey Solana + Staking ETF (SSK), which has recorded $205 million in total inflows since its launch last month.

Whale Order and Large Trades On-Chain Data Reveals Whale Flow Remains Negative Whale flows are still extremely negative as XRP faced renewed distribution pressure, similar to earlier this year. The ATH price top coincided with sustained whale distribution and a subsequent correction.

CryptoQuant’s XRP Whale Flow 30-DMA data signals extreme selling amid negative sentiment among XRP whales persists. This comes after more than 99% long-term holders were in profit, which triggered massive selloffs and caused XRP price to fall to $2.70 amid seasonality and market peak concerns.

Whale Flow 30DMA Source: CryptoQuant XRP price jumped more than 1% in the last 24 hours, with the price exchanging hands at $3.05. The intraday low and high were $2.98 and $3.07, respectively. Trading volume climbed over 40% in the last 24 hours.

Moreover, Coinglass data revealed total XRP futures open interest dropped in the last 4 hours, after climbing almost 4% to $8.65 billion in 24 hours. CME, Binance, OKX, and other exchanges recorded selloff by derivatives traders.

Ripple has made its US dollar-backed stablecoin, RLUSD, available to institutional investors in Türkiye through new partnerships with BiLira, Bitexen, and Bitlo.

02.06.2026 - 11:34

Update: 02.06.2026 - 11:34

Ripple, which won its legal battle against the SEC in the US and is making rapid strides in its global expansion, has made a move towards Türkiye.

Accordingly, Ripple will support its RLUSD stablecoin in Türkiye.

Ripple announced it has partnered with Turkish companies such as BiLira (the issuer of TRYB), Bitexen, and Bitlo to support its dollar-pegged stablecoin RLUSD in Türkiye.

At this point, Ripple has made its US dollar-backed stablecoin, RLUSD, available to institutional investors in Türkiye through new partnerships with BiLira, Bitexen, and Bitlo.

This will enable Turkish institutional investors to access institutional-level US dollar liquidity using RLUSD.

This move is part of RLUSD’s broader international expansion, which is of great importance to Ripple.

Ripple stated that Türkiye remains one of the largest cryptocurrency markets in the MENA region. Based on Chainalysis data, the company noted that the country has an annual cryptocurrency trading volume of approximately $200 billion.

Jack McDonald, Ripple’s Senior Vice President of Stablecoins, stated the following:

“RLUSD has rapidly gained momentum in financial use cases, serving as a vital bridge for payments, tokenization, and collateral management. With institutional demand increasing globally, launching in Türkiye marks a milestone in our expansion. Turkey is situated at the intersection of traditional finance and the digital economy and boasts one of the highest cryptocurrency adoption rates in the world. By providing a transparent and fully regulated, stable, USD-backed asset, we enable Turkish businesses to access global liquidity.”

*This is not investment advice.

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From a new Bitcoin warning to the latest support for XRP, Litecoin and Bitcoin Cash, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

As Bitcoin clings to $5,000, Bloomberg is issuing a new warning about where the price of BTC may be heading.

The GTI VERA Convergence Divergence indicator “sent its first sell signal since mid-March. The shift could suggest further downside may be ahead as the coin flirts with its highest levels of the year.”

The technical gauge is designed to identify market reversals and exhaustion. It utilizes typical moving average convergence divergence (MACD) and looks to remove excess noise, using a proprietary theory called volatility explosion relatively adjusted (VERA).

According to George McDonaugh, chief executive officer at London-based blockchain investment company KR1 Plc, a drop lower for Bitcoin would only be natural.

“When Bitcoin jumped significantly a few weeks ago, the volume was big enough to push up through major resistance levels into a potentially new trading range. Current movements are natural market cycles within a trading range, and it’s just the market searching out the lower bounds.”

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Ethereum

The latest edition of EthHub Weekly is out, covering all things Ethereum.

The new post looks at developments on Ethereum 2.0 and a number of Ethereum-based platforms, including Maker, which is comprised of a decentralized stablecoin, collateral loans and community governance, and AirSwap, a peer-to-peer trading network.

Ripple and XRP

Ripple’s global head of banking Marjan Delatinne just sat down for an interview at the 2019 Penn Blockchain Conference.

Delatinne talks about her efforts to engage with companies in the financial industry and demonstrate how blockchain can boost their bottom line.

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XRP, Litecoin, Bitcoin Cash

eToro’s regulated crypto exchange and wallet eToroX just launched seven new pairs for XRP, Litecoin and Bitcoin Cash. The pairs are BCH/BTC, LTC/BCH, BCH/ETH, XRP/ETH, LTC/ETH, BCH/XRP and LTC/XRP.

https://twitter.com/eTorox/status/1122872353627746304

Stellar

IBM has released a new video on its Stellar-powered World Wire remittance platform. Lead developer Seema Phalke talks about how the platform works and the advantages of using Stellar’s technology.

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Tron

Tron’s latest weekly report is out. The new edition reveals new progress on BitTorrent Speed which will integrate the Tron-based BitTorrent Token (BTT) with the file-sharing platform. The report also looks at the recent release of the Tron-based Tether (USDT) token.

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The Solana native coin is generating news as it goes against the trend, lately surpassing $176 in a move that has piqued the crypto world’s interest. This gain is especially surprising given the sour mood around the crypto just weeks ago, with several analysts predicting the altcoin would suffer.

SOL breaks past $176. Source: Coingecko But Solana has defied the odds, increasing both in price and in market confidence. According to analyst Miles Deutscher, the gain coincides with a broader increase in positive sentiment for Solana, encouraging industry-wide discussions about its potential.

Solana sentiment and mindshare keeps going through the roof.

But the run is far from over.

I just uploaded an important $SOL update, including:

• My price prediction
• My top ecosystem picks

If you hold Solana, you need to watch this video 👉https://t.co/fsa8qabYHE pic.twitter.com/KX7xeG3gkn

— Miles Deutscher (@milesdeutscher) October 24, 2024

Technical signs indicate an even brighter future for the fifth-largest altcoin. According to experts, Solana’s present trajectory, which is supported by a bullish pennant pattern, indicates that SOL might reach as high as $260 if it breaks past resistance.

📈 Solana is outperforming most altcoins as prices are looking to rebound after a big fall Wednesday. The #5 market cap asset continues to be a prime example of how the crowd usually gets it WRONG. View the current bearish sentiment as a sign SOL can continue to pump. pic.twitter.com/pRkCnyxRxh

— Santiment (@santimentfeed) October 23, 2024

Increasing Interest And Technical Indicators As Solana’s price rose, observers saw a dramatic surge in positive sentiment about the asset. According to data, the number of discussions surrounding Solana has contributed to the upsurge observed in the slant.

Mindshare (a measure of the percentage of crypto discussions a coin commands) has remained high. For Deutscher, the increasing attentiveness on Solana is a sign that there is even more room for growth, contrary to the prevailing tendency in the market.

Although some investors are wary, experts say the technical terrain is still favorable. If the item breaks over its barrier, the optimistic pennant formation in SOL’s price action usually denotes more gains. Depending on if Solana can break out from its present level, its token’s price might be positioned for a notable climb toward $260.

SOL market cap currently at $82.8 billion. Chart: TradingView.com The Ethereum-Solana Rivalry Surprisingly, Solana’s comeback happens at the same time that Ethereum co-founder Anatoly Yakovenko shows his accolade on Ethereum. Solana and Ethereum are competitors, but Yakovenko recently praised Ethereum’s core technology and said he liked its design and goal.

I like @BanklessHQ and ethereum. I even like the ethereum design and vision. If you told me to go build an alternative to bitcoin, ethereum settlement layer focused design is what I would steer the engineering towards.

If that’s the vision, ethereum can just embrace all the…

— toly 🇺🇸 (@aeyakovenko) October 24, 2024

This is of interest to people as they are generally two competing networks that try to outdo each other in offering superior decentralized apps and smart contracts functionality.

Ethereum has long been the preferred protocol among developers, but Solana, dubbed a “Ethereum-killer,” has quickly gained favor because to its speed and lower transaction fees. Yakovenko’s recognition demonstrates a developing sector in which competitors can acknowledge each other’s contributions to blockchain innovation.

Future Perspectives And Market Sentiment Meanwhile, Deutscher feels Solana’s price might double or possibly quadruple, particularly if Bitcoin rises to new highs, say $100,000. SOL’s continued performance despite recent falls suggests that it may have strong community and long-term holders. For the time being, SOL is a coin to keep an eye on, and with increased sentiment and a technical boost, it appears to be on track to continue challenging expectations.

Featured image from Pintu, chart from TradingView

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Dogecoin (DOGE) is gaining much attention as experts speculate it will surpass industry titans like Bitcoin (BTC) and XRP.

During bull markets, Dogecoin has shown remarkable performance, and because of Elon Musk’s influence on the market, this token may see a drastic change in its course in the coming months, stated WIZZ, a cryptocurrency analyst.

Will Elon Musk Change The Game? Musk’s involvement in the meme coin has caused previous price jumps in Dogecoin. WIZZ maintains that Musk’s upcoming ventures; including those of the upcoming Trump administration may thrust DOGE past other major altcoins. In light of surging interest into Musk’s endeavors, many in the digital currency scene are seeing a similar frenzy as his past sponsorships set off waves.

One interesting fact has been Musk supposedly heading the “Department of Government Efficiency” during the Trump administration. Whether such an association could be purely by coincidence, cryptophiles say it’s just the opportunity in which the life of the coin is to be sparked.

$DOGE will outperform most majors the coming 3/6 months

U heard it here

Elon marketing starts soon.

— WIZZ🥷 ( beware scammers ) (@CryptoWizardd) January 6, 2025

Dogecoin: Historical Performance The explosive nature of Dogecoin can’t be denied, if we are to base its price action on historical trends. Analyst Ali Martinez found that during the 2020–2021 bull market, DOGE increased by more than 15,000. If history repeats itself, its token might reach a height of $23 or $1 to $3.

Dogecoin is selling at about $0.33 right now. It has been going down a little, and it retreated by 2.40% in the last 24 hours. But some strong fundamentals and community support should be enough to give the meme coin some vigor in the months ahead. Based on data from CoinCodex and IntoTheBlock, there is more action on the blockchain, which suggests that investors are once again getting interested in DOGE.

DOGE market cap currently at $49 billion. Chart: TradingView.com Does Dogecoin Have The Wherewithal To Compete With Bitcoin & XRP? Both Bitcoin and XRP have strengthened their positions in the market. Bitcoin is leading the way in institutional adoption, while XRP focuses on cross-border payment options. Dogecoin, on the other hand, gets a lot from both its active community and Musk’s support.

Although outperforming Bitcoin and XRP is a daring forecast, Dogecoin has a track record of exceeding expectations.

WIZZ’s claim matches some predictions that Dogecoin will thrive in the coming market cycle. These estimates emphasize Musk’s impact and the token’s investment appeal.

Will DOGE Fail Or Succeed? Dogecoin may succeed, but the cryptocurrency industry is volatile. Even major past achievements does not guarantee future success. Investors should diversify, educate themselves, and weigh the risks.

Dogecoin may not outperform Bitcoin and XRP. However, its ability to upend the cryptocurrency hierarchy ensures its continued prominence in 2025.

Featured image from Pintu, chart from TradingView

Business leader and consultant Jake Claver recently shared insights into the potential price trajectory of XRP during a discussion on YouTube.

Claver suggested XRP could experience dramatic growth, possibly reaching prices in the four-digit range. He provided a breakdown of the key factors that could fuel this XRP value surge.

XRP Role in Global Financial Infrastructure First, Claver pointed to the growing global financial infrastructure around digital assets. He highlighted Project Ion by R3 and the DTCC, which aims to streamline financial markets through real-time settlement using digital assets. 

According to Claver, this infrastructure is already in place and could serve as the foundation for XRP’s widespread adoption. With the possibility of settling transactions in real-time using tokens like XRP, Claver asserted that the digital asset is in a promising position within global finance.

Furthermore, Claver discussed XRP’s potential in a hypothetical scenario where it could rival SWIFT in global transaction processing. He noted that if XRP could capture just 10% of SWIFT’s market share, prices could rise to between $50 and $100. He pointed out that this market handles over $5 trillion daily transactions.

“If you had 10% of SWIFT, a $50 to $100 XRP makes a lot of sense,” he said.

Claver emphasized that both supply and demand would play a major role in driving the surge. He explained that the available supply of XRP is limited, with a large portion already allocated in escrow.

Impact from Institutional Adoption and ETFs Another significant factor driving the potential for XRP’s growth is the surge in institutional interest. Claver discussed how the filings of 17 ETFs related to XRP could pave the way for massive institutional liquidity to flow into the market.

He believes these ETFs could create an environment where XRP becomes a central asset in broader financial markets.

Meanwhile, Claver noted that the resolution of Ripple’s lawsuit with the SEC is crucial for this institutional potential.

Host Zach Rector suggested that, just from ETFs and broader institutional adoption, XRP could rise to around $20 or $30 by the end of this year and into the next.

Crisis Scenario Could Push XRP’s Price to Four Digits One of the more extreme scenarios Claver proposed was the potential for a global financial crisis that could send XRP’s price soaring to four-digit levels. He theorized that if there was a market-wide liquidity crunch, such as exchanges becoming illiquid or issues with Tether, XRP could serve as a mechanism to stabilize the markets.

In this crisis scenario, XRP would drain liquidity from exchanges and the broader financial system.

Claver suggested that as institutional demand for XRP rises due to the need for real-time settlement in a turbulent market, its price could rapidly increase as buyers scramble to secure the limited supply. In his words:

“…if they rolled out these ETFs at the same time exchanges were pushing the value up, I think you could see prices driven to four digits in a very short period of time, with the demand placed on the limited supply that’s still out there.”

Essentially, Claver’s insights paint a picture of an XRP that could far exceed its current price range, with the potential for prices ranging from $100 to $9,999 in the future. However, these predictions remain purely hypothetical.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Crypto markets slowly starting to correct; VeChain and BNB going strong, Stellar, ADA and NEO dropping fastest. Market Wrap Yesterday’s minor movement did not last and crypto markets have fallen back a little as we end the week. The week-long rally looks like it is about to run out of steam as resistance is hit for the big cap cryptos. Total market capitalization has held though and is still above $134 billion for the time being.

Total market cap, 24 hours. Yet again Bitcoin hit resistance at $4,000 and failed to break through. The longer this happens the less likely there will be a break to the upside. BTC is trading down marginally on yesterday’s levels but it still holding around $3,970 at the moment, volume is slowly shrinking however.

Ethereum is holding $147 for now but it too has failed to break resistance at $150 so further losses could be on the cards. XRP is falling back and has lost 2% on the day dropping it to $0.322. This has widened the gap between it and ETH to $2.1 billion.

The top ten is all red during Friday’s Asian trading session aside from Binance Coin which is back up again while others are falling. BNB has made over 3% on the day taking it to $10.90. The biggest drop in the top ten is Stellar losing 3% but remaining above Tron for now.

The top twenty is awash with red at the time of writing. Cardano and NEO are dropping the most with 4% losses each. The rest are dumping between 1 and 3 percent as markets correct from three days of buying pressure.

QASH has surged back into the top one hundred with a fomo pump of 33% but today’s surprise mover is VeChain which has made 12% over the past 24 hours. Daily volume has almost quadrupled from $5.7 million to almost $20 million, over half of it traded on Binance. The recent blockchain integration with Amazon Web Services appears to be driving momentum;

AWS services enable one-click VeChainThor Blockchain deployment for enterprises.

Original: https://t.co/qIWZVS9mbR

English: https://t.co/lBtB6T5vCZ

— VeChain (@vechainofficial) February 18, 2019

Total market capitalization has cooled off and settled at $134 billion, down 1.5% from yesterday’s levels. Daily volume continues to dwindle and is now $10 billion less that it was a couple of days ago at $25 billion. It has been a strong week for crypto markets which are still up 10% on the same time last week.

Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

Stellar Blasts Through Resistance, Climbs Over 10%