Latest news with #Cardano
Yahoo
a day ago
- Business
- Yahoo
Dogecoin Dives 8%, Pepe Down 12% in Weekend Crypto Sell-Off
Cryptocurrencies started the weekend in red with Dogecoin (DOGE) down over 8% to lead losses among majors and Pepe (PEPE) shedding 12%. Bitcoin fell over 2% to under $104,000 and traded just over $103,600 in Asian afternoon hours Saturday, while the CoinDesk 20 index slumped 4.2% in the past 24 hours. Ether (ETH) fell nearly 4%, xrp (XRP), BNB Chain (BNB), Cardano's ADA and Solana's SOL showed losses between 2-5%. Cronos Network's CRO was the only gainer in the top 100 tokens with a 12% on no immediate catalyst. Analysts attributed the downturn to renewed U.S.-China trade tensions. "Markets went red on Friday on renewed tariff-related apprehensions," said Alex Kuptsikevich, chief market analyst at FxPro, told CoinDesk in an email. 'President Trump accused China on social media of violating the recent trade truce, while Treasury Secretary Scott Bessent admitted in an interview that talks with Beijing had stalled.' The derivatives market also pointed to increasing investor caution. Open interest in Bitcoin futures is up 51% since April, while options have ballooned by 126%, according to data from Deribit. Whale wallets, which had been accumulating Bitcoin throughout the year, recently shifted to net selling, sending coins back to exchanges — a classic sign of profit-taking. "Bitcoin's local support looks solid around $103K for the coming days," Kuptsikevich said. However, with tariff headlines rattling markets and whales taking risk off, traders are bracing for more volatility, he added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Dogecoin Dives 9%; Cardano's ADA, SOL Slump 6% as Renewed Tariff Fears Jolt Markets
Dogecoin DOGE nosedived 9%, while Cardano's ADA ADA and Solana's SOL SOL each fell 6% in the past 24 hours as Trump's reinstated tariffs reignited trade tensions. A swift legal reversal saw the U.S. Court of Appeals for the Federal Circuit issue a temporary stay on Wednesday's lower court ruling that had struck down the tariffs, allowing them to remain in place while the government appeals. The tariffs, announced on April 2 and dubbed 'Liberation Day' duties by Trump, target nearly all U.S. trading partners and were imposed under the 1977 International Emergency Economic Powers Act. Bitcoin BTC slid below $106,000 while ether ETH lost the $2,700 mark amid the renewed uncertainty. The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell 4%. 'The price of Bitcoin fell after Trump's tariffs were reinstated by an appeals court, while U.S. GDP figures showed the economy shrank in the first quarter,' said Nick Ruck, director at LVRG Research, in a Telegram message. 'Gold surged higher as jobless claims increased and corporate profits fell. Although the Fed continues to see inflation as a threat, we're optimistic that Bitcoin will rebound as investors look for long-term value holds during volatile market fluctuations,' Ruck added. Market sentiment appeared cautious, with the total crypto market capitalization flat at $3.42 trillion. 'Cryptocurrencies prefer not to notice positive stock market movements as they are related to tariffs and company reports, not money supply,' noted Alex Kuptsikevich, chief market analyst at FxPro, in an email to CoinDesk. 'Bitcoin retreated from the trading range's upper boundary at $110k to its lower boundary at $107K. This rest at previous highs effectively removes the local overheating of the market.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Bitcoin Is Surging, but Not All Cryptocurrencies Are a Safe Investment. Here Are 3 to Avoid
Dogecoin is still a highly speculative meme coin with little chance of ever repeating its performance of 2021. Cardano, once viewed as a high-end Ethereum challenger, is having trouble gaining traction and currently trades for less than $1. Litecoin is still languishing well below its all-time high from 2021, and may not get its much-anticipated spot ETF until the end of 2025. 10 stocks we like better than Dogecoin › After a brief decline in March and April, Bitcoin (CRYPTO: BTC) is back. It's now up more than 12% for the year, and hit a new all-time high of $112,000 on May 22. Historically, a rally in Bitcoin has led to a rally across the entire crypto market. That's the good news. The bad news is that not all cryptocurrencies are going along for the ride. Here are three that I'm avoiding for now. Even after a stunning 24% rally during the past 30 days, Dogecoin (CRYPTO: DOGE) is still down 33% for the year. And, if you zoom out, things look even more worrisome for Dogecoin. Ever since it hit an all-time high in May 2021, this meme coin has never been the same. Dogecoin now trades for a paltry $0.21, and shows no signs of ever hitting the $1 mark. In fact, in more than a decade, Dogecoin has never traded higher than $0.74. Moreover, the best potential catalyst for Dogecoin price appreciation in 2025 -- Elon Musk's establishment of the Department of Government Efficiency (DOGE) -- now seems to be fading away. While there was never any link of any kind between DOGE the cryptocurrency and DOGE the government entity, the two somehow got blended together in the minds of many investors. If exciting things are happening at DOGE, exciting things are supposed to be happening for DOGE. That's the way meme coins work -- they're all hype and buzz, but no substance. Musk famously referred to himself as "The Dogefather" in 2021, and has hinted on social media on more than one occasion that he would be bringing big things to Dogecoin. These hints intensified after he acquired Twitter (now called X). But now we can safely put that narrative to rest. Cardano (CRYPTO: ADA) is another cryptocurrency that got a lot of buzz during the previous altcoin rally in 2020-2021. But it has also struggled to do anything during the past four years. Cardano is still trading for less than $1, years after it hit an all-time high of $3.10 in September 2021. Granted, there are glints and glimmers of a big Cardano comeback, but I just don't see it happening anytime soon. Even Charles Hoskinson, the founder of Cardano, has admitted as much. As he sees it, Cardano is "stuck." It's just having too much difficulty gaining any sort of traction. Cardano was supposed to be the heir apparent to Ethereum (CRYPTO: ETH) as the premier Layer 1 blockchain network in the world. However, it has now been passed by other blockchain rivals, including Solana (CRYPTO: SOL). Finally, there's Litecoin (CRYPTO: LTC), which briefly reigned as the top-performing cryptocurrency of 2025. It did so on the basis of the expectation that it would become the first major cryptocurrency to get a new spot exchange-traded fund (ETF) in early 2025, similar to the ones created for Bitcoin in January 2024. But, alas, that looks like it's not happening anytime soon. According to industry ETF watchers, the soonest that the Securities and Exchange Commission is likely to approve a spot Litecoin ETF is now fourth-quarter 2025. Unfortunately, tariff uncertainty and the resulting macroeconomic confusion could force the SEC to put off any ETF approvals for the foreseeable future. Litecoin has been an underperformer for years. It's now trading 77% below its all-time high from May 2021. By way of comparison, cryptocurrencies such as Bitcoin have been soaring to new all-time highs. So, if you're absolutely salivating at the opportunity to invest in Litecoin at a "bargain" price below $100, might I suggest Bitcoin instead? Full disclaimer: At one time or another, I've held all three of these coins in my crypto portfolio. Each time, I've been burned and disappointed. All of them have promised game-changing innovations and the potential for huge price gains. But have they delivered? No. In fact, all three of these cryptocurrencies are trading well below their historical highs. All of them continue to underperform Bitcoin, the market bellwether. And all of them show little sign of turning things around anytime soon. As a result, you can safely avoid Dogecoin, Cardano, and Litecoin if you are looking to optimize your portfolio returns in 2025. Before you buy stock in Dogecoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Dogecoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Dominic Basulto has positions in Bitcoin, Cardano, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Cardano, Ethereum, and Solana. The Motley Fool has a disclosure policy. Bitcoin Is Surging, but Not All Cryptocurrencies Are a Safe Investment. Here Are 3 to Avoid was originally published by The Motley Fool
Zawya
2 days ago
- Business
- Zawya
Unlocking massive gains: 4 Best cryptos for 100x potential to watch closely in 2025
A recent wave of blockchain legislation in Europe and Asia has rattled the markets, pushing coins with utility and compliance into the spotlight. While short-term volatility remains, long-term conviction is building around a new set of contenders. One of those names — Qubetics — is being whispered in the same circles that once buzzed about Ethereum in 2015. It's not listed yet, but momentum is clearly forming. Contents1. Qubetics ($TICS): Rebuilding Blockchain Around Utility, Not HypeApplication, Cross-Border Transactions, and Business Use in Central Asia2. Ethereum (ETH): Still the Smart Contract Standard3. Solana (SOL): Speed Is Its Secret Weapon4. Cardano (ADA): Long-Term Thinking, Real-Time ActionConclusionFor More Information: When centralized platforms stumble under pressure or legal uncertainty, decentralized alternatives with real infrastructure use cases often take the lead. Ethereum is evolving again, Solana is correcting fast but promising faster finality, and Cardano's research-driven model is finding new traction. However, one crypto quietly preparing for liftoff is doing more than innovating — it's trying to rewrite the rules: Qubetics ($TICS). What makes these projects stand out amid thousands? Real-world applications, developer traction, and forward-thinking mechanics. Let's explore each in detail. 1. Qubetics ($TICS): Rebuilding Blockchain Around Utility, Not Hype Qubetics has been gaining attention for solving interoperability issues across fragmented blockchain networks. With its native tools — QubeQode and Qubetics IDE — it empowers both enterprise and freelance developers to deploy dApps quickly across chains without mastering complex protocols. Its decentralized VPN stack, which supports remote operations, is also attracting attention in Central Asia's logistics and fintech sectors. In May 2025, Qubetics confirmed a partnership with a regional supply chain firm in Uzbekistan to enable trustless, cross-border tracking for food and textile exports. Meanwhile, the Qubetics IDE rolled out new smart contract templates tailored for B2B settlements. These updates come as the $TICS crypto presale advances through its 36th stage. Application, Cross-Border Transactions, and Business Use in Central Asia Qubetics isn't just for coders — it's becoming essential for businesses managing sensitive data across regions with unstable network infrastructures. The decentralized VPN and interoperable smart contract tools enable: Cross-border invoice verification for logistics firms in KazakhstanSecure communication for remote legal teams operating between Kyrgyzstan and UkraineReal-time inventory ledgers for wholesalers across Uzbekistan and Belarus These use cases highlight how Qubetics stands apart from meme coins and one-use-chain tokens. Presale Status & Analyst Projections Stage: 36Tokens Sold: 514M+Holders: 27,200+Raised: $17.5M+Token Price: $0.3064 Analyst Price Targets: $1 after crypto presale – 226% ROI$5 after crypto presale – 1531% ROI$15 post-mainnet – 4794% ROI Why did this coin make it to this list: Qubetics isn't waiting for others to fail — it's actively closing the gap between isolated blockchain protocols and real-world adoption. That rare combination of tools, regional focus, and enterprise traction signals strong upside potential. 2. Ethereum (ETH): Still the Smart Contract Standard Ethereum continues to dominate the smart contract ecosystem, and its move toward sharding under Ethereum 2.0 is central to its 2025 revival. The Dencun upgrade successfully implemented Proto-Danksharding, reducing rollup costs and easing congestion across Layer-2s like Arbitrum and Optimism. Ethereum remains the primary chain for DeFi, NFTs, and DAO infrastructure, but 2025 has seen increased competition from Solana and modular blockchains. In response, Ethereum's developer ecosystem is now focused on Layer-2 consolidation, aiming for seamless onboarding of new users through embedded wallet solutions. Vitalik Buterin recently stated that scalability upgrades will double throughput within months — a bold claim supported by recent testnet results showing 20k TPS benchmarks. 3. Solana (SOL): Speed Is Its Secret Weapon Solana has surged back in relevance after last year's network instability concerns were addressed through validator upgrades and runtime enhancements. In Q2 2025, the Firedancer validator client — built independently by Jump Crypto — entered public beta, promising sub-second finality and unrivaled efficiency. With NFT marketplaces like Magic Eden expanding to multiple chains but maintaining Solana as their fastest backend, confidence is returning. Solana Pay is now being trialed in Eastern Europe for high-frequency retail payments, offering
Economic Times
2 days ago
- Business
- Economic Times
Bitcoin slips below $106k amid renewed geopolitical, economic uncertainty
Bitcoin fell below the $106,000 mark on Friday, trading at $105,857 as of 12:14 PM IST after hitting an intraday low of $104,684. The correction comes amid rising macroeconomic uncertainty and renewed global tensions, dragging the broader crypto market lower. The total market capitalization declined 2.12% to $3.34 trillion, according to CoinMarketCap. ADVERTISEMENT Ethereum also came under pressure, shedding 4% to trade at $2,616. Most major altcoins followed suit. Dogecoin dropped 7.5%, Shiba Inu fell 7.3%, Avalanche declined 8%, while Cardano, Solana, and XRP slipped between 4–5%. Chainlink and Sui also posted losses, while BNB saw a relatively milder decline of 2%. 'Bitcoin is consolidating near $106,000 amid geopolitical uncertainty, as stalled US–China trade talks have revived trade war concerns,' said Edul Patel, CEO of Mudrex. He noted that weaker US economic data, including a GDP contraction in Q1 and rising jobless claims, is further weighing on sentiment. 'BTC needs to reclaim the $108,000 level for sustained momentum. Without follow-through buying, it could test the $103,700 level.' Vikram Subburaj, CEO of Giottus, attributed the sharp drop below $105,000 to 'uncertainty regarding US tariffs,' adding that Bitcoin has recovered some ground but must consolidate at higher levels to avoid structural weakness. He pointed out that institutional demand remains strong, citing Coinbase's Premium Index staying positive for 20 straight days. Open interest in crypto has surged to $75 billion, nearing record highs, with a cluster of short positions between $107,000 and $113,500 potentially setting up the market for a short dominance has risen to 63%, with a market cap of $2.1 trillion. Daily trading volume has increased 14.5% to $58.83 to the CoinSwitch Markets Desk, adding to the volatility, Bitcoin saw a $471 million outflow from ETFs this week. Still, institutional interest appears intact. Meanwhile, Delta Exchange's Riya Sehgal highlighted a record $6.22 billion inflow into the iShares Bitcoin Trust ETF in May. She noted that Bitcoin remains under short-term bearish pressure, trading below both its 50-day and 200-day moving averages. ADVERTISEMENT In a separate development, Pakistan's newly formed crypto council announced plans to build a strategic Bitcoin reserve. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
