NFT News by Thebittimes.Com

In the aftermath of a U.S. federal judge’s verdict stating that XRP, Ripple network’s token, is not a security under specific circumstances, several well-known alt coins have displayed notable gains. The most significant growth was observed in XRP, which experienced an enormous 62% surge, trading above $0.76, data from CoinGecko reveals. This development has caused quite a stir amongst XRP enthusiasts on Twitter. Other alt coins , some previously labelled securities by the U.S. Securities and Exchange Commission (SEC), also saw favorable shifts. Solana (SOL) demonstrated a substantial rise with a 17% daily gain and a cumulative 32% weekly gain, trading at roughly $26, CoinGecko’s data suggests. Polygon (MATIC), an Ethereum scaling network that underwent executive team restructuring recently, also experienced a significant upturn, showing a 16% daily gain and trading at $0.84. Its weekly gain amounted to an encouraging 27%. Similarly, Stellar Lumens (XLM) also showed...

Hedge funds are starting to succumb to the lure of crypto memecoins in search of bigger gains, according to a report from Bloomberg. Newport Beach, California-based fund Stratos – backed by heavyweight investors Marc Andreessen and Chris Dixon – reportedly recorded 137% gains in Q1 by allocating part of its portfolio to dogwifhat (WIF), which is now the biggest memecoin on Solana (SOL). Says Stratos’ founding partner Rennick Pallet, “The unspoken truth is that if the fund isn’t doing it, the people working at the fund are doing it.” While meme coins essentially started as a joke – perhaps with the launch of Dogecoin (DOGE) in 2013 –the investor says that more hedge funds will inevitably start taking the sector more seriously as they become more comfortable with digital assets in general. “People will become more comfortable with the concept over time, not dissimilar to how people became comfortable with crypto overall… I wouldn’t be surprised...

In the current cryptocurrency market downturn, investors are actively seeking alt coins that combine stability with growth prospects. While the market often sways with Bitcoin’s movements, certain alt coins , including Alephium (ALPH), Smog (SMOG), and Spodermen (SPOODY), stand out due to their unique Features and significant upside potential. The distinct functionalities and promising outlook of these alt coins , coupled with Bitcoin’s recent decline, possibly linked to overbought RSI conditions, underscore the importance of exploring alternative cryptocurrencies for portfolio diversification. Here are three such alt coins worth considering for accumulation during this market dip. Alephium (ALPH) Aiming to pioneer a cutting-edge and energy-efficient solution for decentralized applications, Alephium addresses limitations in accessibility, scalability, and security through innovative features such as a secure UTXO model, Proof of Less Work consensus, and a custom vir...

Crypto whales are people or groups who hold a large amount of a given cryptocurrency--and they're always on the hunt for ways to increase the ROI of their crypto portfolios. One way they do this is to buy promising cryptos early in their development and during presales, which allows them to get more alt coins before demand increases and prices go up. But what is it about certain cryptos that make these whales take notice? An experienced investor knows how to spot a successful project before the crowds. One way to do this is to spot the momentum a given project has in generating buzz. For example, FightOut a new project with significant financial backing, has already managed to generate quite a bit of interest in its private sale and public presale, having raised over $2.1 million in just a few days. They are planning on opening gyms, partnering with celebrities, and launching AI-powered fighters -- taking advantage of multiple key trends that have a high chance...