
The broader investment landscape continues to witness significant developments in the cryptocurrency world. With former US President Donald Trump reported to have launched a memecoin and hosting a private dinner for his largest buyers, the move is seen as an increased acceptance of crypto globally. Bitcoin, the world's largest cryptocurrency, reportedly achieved a historic $100,000 mark, further fueling bullish sentiments. Meanwhile, the U.S. Department of Justice announced the cessation of prosecution on cryptocurrency fraud and the SEC has backed down on its lawsuit against Coinbase.
Cryptocurrency Verge (XVG) is also attracting notable attention. Mixed sentiments encircle the token as some predict its consolidation above $0.01 by 2025, and some analysts pegging potential challenges in the form of impending downturns. Elsewhere, Dogecoin (DOGE) is expected to see a 300% bull rally, and Solana (SOL) could retreat to a critical downfall. Both XRP and Coinbase have been through a rough summer, with the former reportedly on the verge of an ultra-rare golden cross against Bitcoin, and the latter suffering due to SEC's lawsuit.
Elsewhere, Chinese authorities might end the country's Bitcoin ban while a proposed climate tax on crypto mining gains momentum. Regulatory scrutiny ramps up as the FBI creates a coin to investigate potential pump-and-dump schemes. Additionally, rumors indicate a surge in memecoins and countries like Utah contemplating the use of Bitcoin as a reserve asset. Cardano (ADA), Ethereum, Solana and Pi Network are all gearing towards significant price movements and technological upgrades.
Verge Coin News Analytics from Thu, 27 Jun 2024 07:00:00 GMT to Mon, 28 Apr 2025 15:43:33 GMT - Rating 2 - Innovation 4 - Information 8 - Rumor 6