Latest news with #Changelly
Finextra
05-05-2025
- Business
- Finextra
Monero's explosive surge: Rising privacy concerns or just market manipulation?: By Prakash Bhudia
Monero (XMR), the crypto world's top privacy advocate, stunned traders on Monday with a remarkable 50% leap - an eye-watering 21% spike within just one hour. Source: Deriv X As analysts scrambled to identify the catalyst behind Monero's dramatic surge, social media erupted with speculation, humorous memes, and theories ranging from institutional panic-buying to increased privacy concerns - or perhaps something more questionable. Bitcoin hack fuels the fire Adding intrigue, blockchain analyst ZachXBT disclosed a significant crypto mystery involving over 3,520 Bitcoin (BTC) - approximately $330.7 million - swiftly converted into Monero via multiple rapid exchanges. Monero's renowned privacy protocols made it the perfect, albeit costly, option for hackers aiming to conceal their activity. Interestingly, converting such a substantial amount of BTC into XMR likely led to significant market "slippage," where transactions move prices unfavorably. Traders estimate the hackers may have inadvertently lost up to $66 million due to this liquidity squeeze. A costly cover-up, indeed. Futures market frenzy raises red flags Simultaneously, the derivatives market erupted with activity. Open interest for Monero futures surged unexpectedly, reaching $35.1 million - far exceeding usual levels. Source: Coinglass Curiously, around $11 million was already positioned ahead of Monero's price spike, sparking suspicion about possible market manipulation. Seasoned crypto traders pointed to echoes of previous schemes, notably the infamous Mango Markets incident, where savvy traders exploited markets for substantial profit. Privacy coin popularity: Monero vs. Zcash Despite this volatility, privacy coins such as Monero and Zcash (ZEC) remain attractive to investors prioritizing anonymity. Monero's uncompromising approach mandates total privacy, catering to users seeking absolute discretion. In contrast, Zcash offers selective anonymity, providing flexibility to its users. Future prospects for privacy coins are increasingly positive. Changelly forecasts Monero's value could surge beyond $500 by 2027 - a compelling 167% increase from today's price near $194. Meanwhile, Zcash, boosted by recent updates and market sentiment, shows significant promise, with CoinCodex projecting prices between $7.26 and $39.38 by 2030. Whether driven by genuine privacy demands or darker market exploits, Monero's latest rally underscores crypto's enduring drama. Monero technical outlook: Ready to jump into privacy coins? Suppose this rollercoaster has you thinking about joining the privacy crypto bandwagon. At the time of writing, XMR is holding at a critical resistance level of $274.48, and the daily chart shows a bullish bias. The 9-ema moving average crossing above the 21-ema moving average adds to the bullish narrative. However, the volume bars contracting indicates that the buying pressure is waning - hinting at a potential reversal. Source: Deriv X Disclaimer The information contained within this article is for educational purposes only and is not intended as financial or investment advice. The performance figures quoted refer to the past, and past performance is not a guarantee of future performance or a reliable guide to future performance. The information may become outdated. We recommend you do your own research before making any trading decisions
Business Mayor
24-04-2025
- Business
- Business Mayor
Crypto Analyst Predicts Dogecoin Will Hit $1.25 In 2025, Here's Why
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin is back trading above $0.18, climbing higher after rebounding off a recent higher low. The recovery comes on the back of a new wave of optimism in the cryptocurrency market over the past 24 hours, starting with Bitcoin crossing above $90,000 within this timeframe. According to a prediction from crypto analyst Javon Marks, Dogecoin has the potential to reach $1.25+ in 2025 due to a strengthening bullish narrative on the 5-day candlestick timeframe chart. Javon Marks Revises Dogecoin Target To $1.25 Following Fresh Breakout Signals Crypto analyst Javon Marks, in an update to his ongoing Dogecoin thread on X, stated that the current trend continuation could now push beyond his previously established target of $0.6533. His outlook is based on the meme coin's price action on the 5-day candlestick timeframe chart and cuts across movements over a multi-year timeframe. According to Marks, a push to $0.6533 is still in play for Dogecoin and may serve as a checkpoint on the way to a significantly higher price level. Drawing from Dogecoin's historical performance, Marks noted that the last time Dogecoin broke out from a higher low base, which occurred in August 2024, it went on to rally by more than 500%. A similar pattern is currently unfolding. The chart posted by Marks shows Dogecoin maintaining its bullish market structure on the larger timeframe despite the price downtrend since December 2024. This downtrend saw the DOGE price fall from $0.48 until it bottomed at $0.1316 on April 7. Notably, the ensuing price action after this price low has seen Dogecoin create two bullish candlesticks on the 5-day timeframe. This, in turn, has confirmed $0.1316 as a higher low on the larger timeframe, with the next move likely to be a bounce to a new higher high similar to previous playouts. Javon Marks noted that with the bounce already showing strength, the path to $0.6533 is increasingly likely. The projected move to $0.6533 would represent a 279% increase from current levels. However, the analyst also outlined a secondary target at $1.25, which he noted is within reach if the bullish formation plays out fully. Can DOGE Realistically Reach $1.25 In 2025? Dogecoin started the year on a strong note, with many enthusiasts anticipating a push above $1 before the end of the year. However, the way its price movement has played out has seen its price now stuck under $0.2, and places this level as the immediate target to close above. Breaking above Javon Marks' target of $0.6533 and subsequently $1.5 would see Dogecoin trading at new all-time highs. According to crypto exchange Changelly, DOGE has the potential to reach a maximum price of $0.3 in 2025 based on the current buying momentum. Consequently, reaching $1.25 will depend on several factors in the wider crypto market, most notably a wave of buying interest and Bitcoin's price performance. At the time of writing, Dogecoin is trading at $0.1828, up by 11.65% in the past 24 hours. Featured image from iStock, chart from
Associated Press
25-03-2025
- Business
- Associated Press
CryptoIndex: the Leading Web3 Protocol for Index Trading
the first Web3 index protocol, is revolutionizing the way traders, influencers, and investors engage with digital assets. CryptoIndex is an innovative index creation, trading, and monetization ecosystem that connects the world's largest index trading market with crypto. Entering A New Era of Crypto Investing CryptoIndex is a strategic and easy-to-implement approach to crypto investing. The platform offers thousands of ready-made and customizable indices across the industry, including DeFi, AI, Layer 2 solutions, Memecoins, and DePIN. Why Investors Would Love CryptoIndex The expected size of the crypto index market is $500 billion. We offer: Hold-to-Earn approach: Investors earn by holding index tokens and sharing transaction fees paid by other users on the platform. Largest selection of crypto indices: Investors can access thousands of sector-based portfolios, streamlining the selection process. They will enjoy seamless trading across BNB Chain, Ethereum, and BASE, integrated with top DEXes. Protection and transparency: Changes like rebalancing or fee adjustments for every index are decided by token holders through DAO voting, ensuring user control. $INDX Token & Fundraising The native $INDX token is the supercharger of our ecosystem. Based on the groundbreaking Hold-to-Earn model, it supports index creation, fee distribution, and staking rewards. It lets index owners earn more compared to simply owning the same coins. Let's see how it works: The index creator sets fees for entry, exit, and success. A small portion of these fees goes to the creator, while most go to the index holders. The token holder earns a fee share every time someone enters or exits the index. By holding index tokens, the owner benefits from the $INDX performance plus enjoys extra income through fees: the longer they hold, the more they earn. Burn, burn, burn! $INDX features a built-in monthly deflationary mechanism, increasing long-term value for holders. Our presale SEED round is currently live, with $2.4 million already raised. After the $INDX launch in six months, we plan to achieve a TVL of $100 million. Our Vision and Strategic Partnerships As the 'NASDAQ of Crypto,' we aim to become a major hub for index-based trading and investment. collaborates with major industry players, including Nasdaq, Visa, SushiSwap, and BNB Chain, to enhance accessibility and adoption. The Dream Team and the Experts The CryptoIndex team is led by world-class professionals with backgrounds at Binance, OKX, Visa, and Changelly, including: Paul S (CEO) – Ex-ISDA leader with 25+ years in structured finance Austin Kimm (CCO) – Co-founder of a $750M company Eric Benz (Head of Strategy) – Ex-CEO of Changelly Shirley Fang (CBDO) – Ex-CMO at Axis Ventures, crypto investment guru The advisory board features top industry experts, like Ryan Horn, ex-NFT Director at Binance, and Steven Parker, ex-Visa executive. We are committed to pushing the boundaries of innovation, connecting with like-minded individuals and institutions from across the crypto universe. CryptoIndex: the NASDAQ of crypto. All indices. One platform. The next big thing. Join! Media Contact
