CryptoCurrency
TRUMP Coin’s Biggest Critics Are Crypto Industry Insiders
Among the most vocal critics of TRUMP, the controversial and wildly popular memecoin launched by Donald Trump on the eve of his 2025 inauguration, are the very crypto enthusiasts he may have hoped to court.
The TRUMP coin, launched on Jan. 17, saw a dramatic price surge, climbing from $7 to an all-time high of $75 within 24 hours before settling at $38. Two days after TRUMP’s debut, MELANIA, a coin endorsed by First Lady Melania Trump, entered the market. Unlike its predecessor, MELANIA has struggled, starting around $7 and plummeting below $4 after a briefly peaking at $14.
While both tokens’ volatile trajectories appear to have minted some overnight millionaires, they have also drawn sharp criticism from industry insiders.
The potential for conflicts of interest has been a focal point of the backlash, with critics — including members of the U.S. congress — raising concerns that the token could enable individuals to curry favor with the president.
Anthony Scaramucci, a former White House communications director turned crypto advocate, voiced his apprehensions on X (formerly Twitter): “The most perilous aspect of Trump coin for the nation is what follows. Now, anyone globally can effectively deposit money into the bank account of the President of the United States with just a few clicks. Every favor—be it geopolitical, corporate, or personal—is now openly for sale.”
The decision to launch a memecoin has also sparked broader criticism within the crypto industry. While memecoins have become a prominent use-case for blockchain technology, many developers argue they reinforce a get-rich-quick perception that undermines the sector’s credibility.
Gabor Gurbacs, founder of digital asset firm Pointsville, posted on X: “Trump needs to dismiss his crypto advisors, from top to bottom.”
Nic Carter, a general partner at a crypto investment firm and a vocal Trump supporter, was similarly scathing: “It’s absolutely preposterous that he would do this,” he told Politico. “They’re plumbing new depths of idiocy with the memecoin launch.”
Specific concerns have been raised about the coin’s distribution. 80% of TRUMP tokens are concentrated in a small number of blockchain addresses controlled by CNC Digital, the firm that launched the coin. Such concentration is a hallmark of potential “pump-and-dump” schemes, where insiders inflate a token’s value before selling off their holdings, leaving other investors with losses.
There’s no evidence that Trump’s team plans to “dump” its tokens. Nicolas Vaiman, CEO of blockchain analytics firm Bubblemaps, noted to CoinDesk that the distribution of TRUMP tokens at least matched what was outlined on its official website. Additionally, the insider-held tokens align with prior distributions of Trump’s NFT trading cards, which were also managed by CNC Digital, meaning the tokens may be reserved for the president’s NFT holders.
The same transparency does not apply to MELANIA, however. About 89% of MELANIA tokens are controlled by insiders, according to Bubblemaps. The on-chain supply does not match an official distribution breakdown on the token’s website, which earmarked 35% of tokens for “public distribution” and “community.”
Vaiman said the First Lady’s memecoin has cast a shadow over the original TRUMP coin: “TRUMP could have been a statement from President Trump saying, ‘I endorse crypto,’” Vaiman said. “Melania launching her tokens feels like they just want to make as much money as they can on this, and then forget about it. It gives this a different flavor.”
This is not the first time the crypto community has questioned Trump’s forays into the industry. In August, Trump and his sons launched World Liberty Financial (WLFI), a platform that promised to develop a lending product. The project drew backlash for pre-selling tokens before delivering any tangible value, and critics were quick to point out the involvement of a former dating coach and memecoin promoter on the WLFI team, as well as the allocation of a percentage of presale proceeds directly to a Trump-controlled company.
The conflict-of-interest potential was also immediately apparent. Tron blockchain-founder Justin Sun recently became WLFI’s largest investor, making a $30 million purchase of the project’s tokens. In an X post on Tuesday, Donald Trump Jr. announced that World Liberty Financial would acquire some of Tron’s TRX tokens for its treasury.
In my view, if I have made any money in cryptocurrency, all credit goes to President Trump @realDonaldTrump. Both Trump Coin and World Liberty Financial are bound to perform exceptionally well.
— H.E. Justin Sun 🍌 (@justinsuntron) January 22, 2025
A Hong Kong-based crypto billionaire, Sun was previously charged with fraud by the Securities and Exchange Commission — a department now under the control of Trump’s White House.
CryptoCurrency
Ethereum whales add $1B in ETH — Is the accumulation trend hinting at a $5K ETH price?
Numerous cohorts of Ethereum addresses added over 330,000 ETH in the last two weeks. Is this a sign that a $5,000 ETH price is in the making?
The Department for Work and Pensions (DWP) has announced three significant changes to Universal Credit as part of a £240million package aimed at shifting focus from welfare to work.
The changes, outlined in the Get Britain Working White Paper, will affect millions of benefit claimants across the UK. Work and Pensions Secretary Liz Kendall said: “We promised change, and that is what we will deliver.
“For too long, millions of people have been denied opportunities to work and build a better life, and too many children are growing up in poverty, harming their life chances and our country’s future.”
The new measures will improve how the department detects and prevents fraud and error, ensuring support is targeted where needed most. The DWP expects these changes to save £7.6billion by 2029/30.
These reforms are part of the Labour Government’s broader strategy to increase employment opportunities and reduce poverty nationwide. Benefits will increase by 1.7 per cent from April 2025, worth an average of £12.50 per month for families on Universal Credit.
Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.
Massive changes are coming to Universal Credit
GETTY / PA
However, due to Universal Credit being paid monthly in arrears based on assessment periods, some claimants may not see the increase until June 2025. The new monthly standard allowance rates will see single people under 25 receive £316.98, while those 25 or over will get £400.14.
Joint claimants under 25 will receive £497.55 per month, with couples where one or both are 25 or over getting £628.10. The Secretary of State’s annual review has also confirmed a 4.1 per cent increase to the basic and new state pensions under the triple lock.
This means those in the full rate of the new state pension will see an increase of over £470 per year. Bank holiday payment dates may be affected, with benefits usually paid on the working day before if the regular payment date falls on a holiday.
A new Fair Repayment Rate will be introduced, reducing Universal Credit deductions from 25 per cent to 15 per cent of the standard allowance from April 2025. This change will benefit 1.2 million of the poorest households by an average of £420 a year.
Britons are being urged to calculate how much they could be entitled to from the DWP
GETTY
These deductions cover various debts impacting households, including energy bills, water bills, council tax, rent arrears, service charges, child maintenance and court fines.
Third-party deductions will be set at five per cent of the Universal Credit standard allowance, ranging from £15.85 for single people under 25 to £31.41 for joint claimants aged 25 or over.
Minimum deductions for rent and service charges will be reduced to 15 per cent of the Universal Credit standard allowance, down from the current level of 20 per cent.
The Government is also investing £1billion to extend the Household Support Fund in England by a full year and maintain Discretionary Housing Payments in England and Wales.
This additional funding aims to help struggling families and pensioners facing the greatest financial hardship. The DWP will continue moving claimants to Universal Credit throughout this year, with all managed migration notices expected to be sent by December 2025.
LATEST DEVELOPMENTS:
Changes are coming to Universal Credit
PA
The complete transition from legacy benefits to Universal Credit is scheduled to finish by March 2026. This migration affects claimants currently receiving Working Tax Credit, Child Tax Credit, Income Support, Income-based Jobseeker’s Allowance, Income-related Employment and Support Allowance and Housing Benefit.
Money expert Fiona Peake from Ocean Finance advises: “Universal Credit and other benefits will see updates, with new rules around work requirements. Keep track of any changes to your entitlements.
“The Government’s online benefits calculator is worth checking regularly, as you might become eligible for additional support.
“Consider using budgeting apps or speaking with a financial adviser to create a personalised action plan. The most important thing is not to bury your head in the sand – stay informed and take action early.”
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto experts narrow down the best altcoin to hold from Sui, Toncoin, Stellar, and the rising star, Remittix.
Choosing the right altcoin is crucial for making significant gains. With hundreds of options available, it can be difficult to choose. This is where experts come in. These experts have been buzzing about four major players Sui, Toncoin, Stellar, and Remittix.
Remittix is gaining much attention because of its vision of bridging the gap between crypto and fiat with ease and transparency. Still in its presale phase, Remittix has raised close to $4.8 million, with experts predicting a 100x surge.
What makes Remittix stand out
Remittix is differentiating itself in a competitive market by emphasizing practical utility. The platform wants to transform the management of cross-border payments.
This is what makes it unique:
- Fiat-to-crypto simple conversion: Convert more than 40 altcoins into fiat instantly and transfer the funds straight to any bank account in the globe.
- Clear fees: No guesswork, no hidden fees. What is sent is exactly what the receiver gets.
- For businesses and freelancers: Businesses will have complete control by accepting cryptocurrency payments and settling in fiat thanks to the “Remittix Pay” API.
- Privacy: Cryptocurrency can be sent via Remittix without disclosing where it came from.
Because of these features, Remittix is positioned as more than an altcoin. It is a useful tool for those wishing to combine the advantages of cryptocurrency with the comforts of regular banking.
Comparing Sui, Toncoin, and Stellar
Sui
Sui is a scalable Layer-1 blockchain that has gained popularity for its developer-friendly ecosystem. Because of its own programming language, Move, it has become popular for DeFi applications.
Toncoin
Toncoin serves as the foundation for the Telegram Open Networks. It’s a fantastic ecosystem for decentralized apps, payments and communications. However, Toncoin’s growth potential is closely linked with Telegram’s performance.
Stellar
Stellar has been in business for years and is well-known for its cross-border payment solutions. It has cemented its position in the cryptocurrency market through its collaborations with financial institutions.
Why Remittix wins
Although each of the three tokens has advantages, Remittix looks to offer a higher degree of transparency and ease of conversion. Remittix has also passed through a smart contract audit to guarantee its security and transparency. The cryptocurrency is expected to develop rapidly after its debut, with intentions to list on Uniswap and large centralized exchanges.
Conclusion
Although Sui, Toncoin, and Stellar provide intriguing opportunities, Remittix stands out.
Its features could solve problems that other cryptocurrencies ignore and its presale updates demonstrate its growth trajectory. Remittix seeks to provide something special for both novice and experienced cryptocurrency investors: maximum profits with the least amount of hassle.
For more information on Remittix, visit their website or socials.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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CryptoCurrency
Making Waves in Tampa Bay: Bitcoin Bay Foundation Joins the Gasparilla Parade of Pirates
The sounds of cannons and cheers fill the air as Tampa Bay’s famous Gasparilla Parade of Pirates begins, drawing a crowd of over 600,000 people. Among the colorful floats and pirate-themed fun, one float stands out— The world’s first Bitcoin Pirate ship proudly flying the Bitcoin Bay Foundation flag. For the first time ever, Bitcoin is part of this historic event, and Bitcoin Bay is once again making history.
As parade-goers stop by Bitcoin Bay’s tent along the parade route, they’re welcomed with food, drinks, and an invitation to learn more about this mission-driven organization. But how did Bitcoin Bay get here? How did a small group of Bitcoin fans grow into an organization big enough to earn a spot in Tampa’s biggest celebration?
Growing a Bitcoin Economy in Tampa Bay
Bitcoin Bay’s journey started in October 2021 when one of our founders, @bennyhodl, hosted the first Bitdevs meetup. It began with just a few people talking about Bitcoin outside a local restaurant, but it soon grew into something much bigger. We had a vision: to make Bitcoin Bay the go-to place for everything Bitcoin in Tampa Bay. We wanted to create a local economy powered by Bitcoin, where people could connect, learn, and spend their bitcoin.
With a clear mission and a committed team, Bitcoin Bay quickly gained steam. Weekly meetups turned into a strong network where newcomers, developers, and business owners could connect, learn, and share ideas. Bitcoin Bay became more than just a meetup; we were a resource for Bitcoin knowledge and support in the region.
The 2023 Miami Bitcoin Conference was a watershed moment for The Bay. Competing in the first Bitcoin Games against grassroots meetup groups from across the country, Bitcoin Bay won the grand prize of 1 BTC. But instead of keeping the entire prize, we chose to share half of it with other Bitcoin meetups in a follow up competition.
At the time, we had no idea what the ripple effects of this would be. We’ve since consulted with and inspired other groups to take on similar missions. Denver Bitdevs, one of the recipients, has even opened their own Bitcoin community hub called “The Space.” By sharing our prize, we showed that Bitcoin Bay is here not only for our own growth but to support Bitcoin communities everywhere.
By the end of 2023, we became the world’s first Bitcoin-only meetup to receive 501(c)(3) nonprofit status. This recognition helped us grow even more and allowed us to reach more people in the Tampa Bay area.
Building a Strong, Supportive Community
Since the beginning, Bitcoin Bay has made a real impact across Tampa Bay. Our members support each other’s businesses, like HVAC services, estate planning, and even local beef suppliers. Our ethos of Community, Prosperity, and Resilience guides us as we build a connected network where people can rely on each other.
One of our proudest achievements was hosting the Sound Money Soiree, our first charity gala attended by 120 people, including business leaders, Bitcoiners, and community leaders. Together, we raised nearly $30,000 to support our mission. This money has gone toward expanding our outreach and growing our community, helping us make a bigger impact in Tampa Bay.
Education is a major part of Bitcoin Bay’s mission. Through partnerships with the University of Tampa and the University of South Florida, we’re bringing Bitcoin education to students. We provide guest lectures, internships, and this summer, we’re hosting our first Bitcoin summer camps. By investing in the next generation, we’re making sure Bitcoin’s potential continues to grow in Tampa Bay.
Our community’s resilience was tested when hurricanes Helene and Milton struck. Bitcoin Bay members quickly came together to help. Volunteers formed cleanup teams to clear debris, while others helped coordinate food, water, and gas for those in need. This showed that Bitcoin Bay’s mission to build a strong, resilient community is more than just words—it’s a way of life.
Looking Ahead: The Journey Continues
As Bitcoin Bay’s Pirate float sails down the Gasparilla Parade route, it’s more than a celebration—it’s a statement. We are here to build, educate, and empower. This float represents a year of hard work, resilience, and community spirit, and it marks the beginning of our next chapter.
“We’re excited to bring Bitcoin to the Gasparilla Parade and share our mission with Tampa Bay,” says President Wesley Schlemmer. “Bitcoin Bay is more than an organization; it’s a movement shaping the future of our local community and beyond.”
To learn more about the Bitcoin Bay Foundation, Gasparilla event details, and how you can get involved in their community efforts, please visit:
* Website: bitcoinbay.foundation
* Twitter: @bitcoinbaytpa
* Nostr: npub1tampasjf5z0rllvrh8nlqckrjtzzj9590uljzeuu6ymsr8hq9pjsrw0ynt
* Email: Wesley@bitcoinbay.foundation
Together, we’re building a better future with Bitcoin. We invite all Bitcoiners to join us on this exciting journey and make history with us!
This is a guest post by Bitcoin Bay Foundation. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
The altcoin season is picking up steam with the promise of the new year bringing possibly the greatest bull run of all time. Top crypto coins like Shiba Inu, PEPE, and WIF are making significant upside trends. Analysts have also discovered Remittix, a new crypto that is tipped to follow the price action of these top altcoins.
Investors believe that Remittix ($RTX) is one of the best altcoins that could offer the highest returns for investors in the 2025 bull run. Read on to learn more.
WIF Brings Innovation To The Meme Coin Sector
A Solana-based memecoin, Dogwifhat (WIF) recently saw a significant increase in worth. Following its listing on Coinbase in November 2024, its price increased by 34% from $2.99 to about $4.00.
But by January 2025, the token slumped, its price falling over 9% in a single day in line with the presale of a new cryptocurrency, Remittix, which had raised around $4.5 million.
Notwithstanding these obstacles, Dogwifhat is still a major participant in the memecoinindustry due to its unique marketing plans and community-driven projects. Its path emphasizes the erratic character of memecoins and the need for creativity in keeping memecoins relevant for the market.
Analysts See Huge Returns On Shiba Inu (SHIB)
Following significant upward swings, SHIB completed the year with a consistent 104% year on year price increase in 2024. Starting 2024 at about $0.000010, by December the meme coin crossed $0.00002.
Previous SHIB performances of Shiba Inu expose a fascinating pattern; save for 2022, most years have turned out well with upward trends from 75.8%. Although this upward tendency might not be perfect, it shows how resilient and expanding the Shiba Inu coin can be even after an 80% fall.
The fact that the Shiba Inu’s SHIB stays above $0.00002 at the end of every year points to this becoming the new benchmark for the value of the altcoin. Analysts predict that Shiba Inu will rank among the top altcoins during the 2025 bull run.
Top Altcoins Prediction: PEPE Is Poised For Explosive Growth
PEPE rose in April and May 2023, rising to a market capitalization of $1.6 billion and generating millionaires from early investors. This piqued curiosity in memecoins and caused notable market price swings.
Similar to Shiba Inu and Dogecoin, PEPE attracted interest with its simple approach and no-tax policy. With an eye toward Twitter trends and a so-called “meme takeover,” the road map lays three phases targeted at raising awareness and listings on key exchanges.
For aficionados, the long-term possibilities nevertheless pique curiosity. As a result, many investors consider PEPE to be one of top altcoins to buy now.
Analysts Pick Remittix As The Next 1000x Crypto
Cross-border payments under innovative swap-in-change are expected to have expanded greatly from their 2017 value of around $150 trillion to $250 trillion by 2027. Remittix is acquiring market share in this huge sector and creating a seamless and efficient solution for worldwide transactions by combining the strength of blockchain technology with traditional banking infrastructure.
Remittix lets users quickly swap more than forty cryptocurrencies for fiat money. These then might be transferred immediately to any bank account anywhere. The project is unique in simplicity. Even though it started as a cryptocurrency payment, recipients get a regular bank transfer. Its innovative features enable consumers to manage their money entirely under control and flexibility. The platform aims at well-known companies such Coinbase, Wise, and Stripe. Unlike these conventional rivals, Remittix offers the special capacity to transmit money via cryptocurrencies, convert it, and straight into a bank account.
Remittix’s Pay API allows companies to process fiat transactions to a designated bank account and accept cryptocurrency payments from customers. Businesses may also create merchant accounts, which grant them access to more than 50 cryptocurrency pairings and more than 30 fiat currencies as well as total control over how they pay out their bitcoin.
Investor interest in Remittix (RTX) is rising really quickly. Tokens sold at just $0.0256 and over $4.7 million raised in the $RTX presale clearly exude excitement. Market experts project an amazing 5,000% growth upon launch and an 800% rise before the presale ends. Now is the ideal moment to investigate the potential of cross-border payments, with Remittixat the forefront.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Solana rallied by 7% on Jan. 22, but a few data points suggest a move to SOL’s all-time high could take longer than expected.
House prices are set to rise across the UK in 2025, with average prices rising by £5,992.
Zoopla’s study of 120 postal areas shows significant differences in growth potential in different regions, based on affordability, selling speed, and price cuts.
The analysis shows Scotland dominating the rankings, claiming nine of the top ten spots for projected house price growth in 2025.
Motherwell leads the Scottish surge, with house prices already increasing by 3.8 per cent and averaging £129,000 in the postal area.
The dominance of Scottish markets is attributed to homes being among the cheapest in the UK compared to incomes, coupled with faster selling times due to Scotland’s distinct property sales system.
Even when removing the selling speed factor from rankings, Scottish areas still secure eight out of ten top positions.
The top five UK housing in England
GETTY
Richard Donnell, executive director at Zoopla, explained that while Scotland shows the strongest outlook, there is “a spread right across the UK reflecting the demand for and affordability of homes.”
The top five UK housing markets are concentrated in Eastern Scotland, clustered around Glasgow:
- Following Motherwell’s lead position, Glasgow ranks second with average prices of £157,764 and 2.9 per cent growth.
- Paisley takes third place, with homes averaging £134,472 and showing 1.3 per cent growth.
- Falkirk and Kirkcaldy round out the top five, with average prices of £164,106 and £164,694 respectively.
- Falkirk is showing particularly strong momentum with 3.5 per cent growth, while Kirkcaldy follows closely at 3.3 per cent.
Aberdeen stands as a notable exception to Scotland’s success, struggling due to reduced investment in its oil and gas sector.
The top five UK housing in England:
- Newcastle leads the markets with the strongest growth prospects, with average prices of £163,578 and 2.1 per cent growth.
- Leeds follows closely in second place for English markets, with homes averaging £221,636.
- Stoke-on-Trent, Wigan, and Carlisle complete the top five English prospects, with Wigan already showing impressive growth of five per cent annually.
Wolverhampton stands out as the sole West Midlands representative among the top performers, with house prices at £201,000 – 13 per cent below the regional average.
These northern areas benefit from housing affordability below the national average, creating room for price growth as local economies expand.
LATEST DEVELOPMENTS:
The areas with the lowest rankings for 2025 are concentrated in inner London and Southern England.
Central, South West, North West and West London sit at the bottom of rankings, with average house prices exceeding £635,000 – more than double the UK average.
The West Central London postal area ranks lowest, with average prices of £850,357 and properties taking 52 days to sell. Coastal towns in Southern England, including Bournemouth and Torquay, also feature in the bottom ten markets.
However, some London areas fare better, with Sutton in outer South London showing stronger performance, taking just 33 days to sell properties.
Despite lower rankings, Zoopla notes London’s prospects have improved compared to recent years.
Donnell said: “The housing market returned to growth in 2024 with more sales and higher prices as mortgage rates fell. We expect average UK house prices to increase by 2.5 per cent in 2025.
“Value for money is slowly returning to the London property market after a decade of below-average growth so while many London areas are towards the bottom of the rankings the prospects in London are much improved on those over recent years.”
Donnell advises sellers to consider local market conditions when pricing their homes in 2025.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Analyzing three altcoins with the potential to turn $600 to $10,000, with Rexas Finance leading the way.
Investors seek high-growth altcoins as the crypto market heats up. Three coins stand out for their potential: Rexas Finance (RXS), Cardano (ADA), and Fartcoin (FARTCOIN). Crypto watchers suggest these under $10 coins can turn $600 to $10,000 like XRP and Dogecoin.
Rexas Finance
The trending blockchain platform Rexas Finance looks to simplify real-world asset (RWA) tokenization.
Rexas Finance will tokenize real estate, art, and commodities for digital trading. This will allow fractional ownership and increase liquidity in illiquid markets, opening up opportunities to more investors.
Rexas Finance has achieved remarkable success in its presale. The project has raised $41.5 million, with over 427 million RXS tokens sold across all presale phases. RXS holders recently voted for a further presale stage, advancing the initiative to Stage 12. This decision is consistent with the project’s growing momentum and increased community support.
Offered at $0.20, the additional stage also helps the platform maintain competitive token pricing, allowing early investors to optimize their earnings.
Another attractive element of Rexas Finance’s utility network is its platform’s tools, such as the Rexas Token Builder, which will make token production simple even for non-technical users. The Rexas QuickMint Bot will enable instant token creation directly on chat platforms. These features reduce the barriers to entry for users in the digital asset market, creating new opportunities for enterprises and individuals alike. Rexas Finance will also include complex AI technologies, such as Rexas GenAI, which will allow for the easy production of unique NFTs.
Rexas Finance has gained further attention for its ongoing $1 million giveaway, in which the top 20 entrants will each receive $50,000 worth of RXS. This offer gives participants chances for considerable value and serves as a tool for raising platform awareness and adoption rates.
After the presale and all stages are finished, RXS plans to debut on at least three of the top ten global cryptocurrency exchanges. The official listing is set for June 19, 2025, at $0.25 per RXS. Analysts foresee a huge price increase that might result in over 100x gain for early investors.
Cardano
Cardano’s recent 15% surge has rekindled interest. Its market cap is $34.79 billion, and its price is $0.98.
Proof-of-stake consensus and formal verification have distinguished Cardano from other platforms. The blockchain also contains multiple DeFi applications and is undergoing considerable modifications to boost adoption.
Technical indicators suggest Cardano could surpass $2 in 2025. With its double-bottom base pattern, renowned traders like Peter Brandt are optimistic about ADA’s rally.
Fartcoin
Fartcoin has surged over 50% in the past week. The coin was conceived from the Truth Terminal AI trend. It benefits from the popularity of AI meme coins, which have grown significantly in recent weeks.
Currently trading at $1.80, the coin recently hit a new all-time high of $2.61. While Fartcoin is speculative and lacks the technical infrastructure of Cardano, it has potential in the meme coin market.
With President Trump launching his own meme coin, this niche might thrive, putting FARTCOIN among coins under $10 to watch in 2025.
Conclusion
As the cryptocurrency market heats up, Rexas Finance, Cardano, and Fartcoin offer investors unique opportunities. With its asset tokenization method, successful presale, and impending exchange listings, Rexas Finance could lead the way. Cardano is strong among smart contract platforms while Fartcoin capitalizes on meme coins.
For more information about Rexas Finance, visit their website, giveaway, X or Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
TL:DR;
- Cryptocurrency prices tend to react positively to favorable news and developments coming from big names, especially if they are outside the industry.
- XRP’s case from the past hour or so was another confirmation of this narrative, as the asset jumped by 5% in the timeframe.
The news in question came from one of the most prominent US-based derivatives marketplaces, the Chicago Mercantile Exchange. Reports from SynopticCom indicated that the Illinois-based global giant had added two of the top 10 cryptocurrencies by market cap – XRP and SOL – to its 2025 agenda.
Moreover, the page reads that futures trading for both assets will begin on February 10 if the products receive the necessary regulatory green light.
@SynopticCom: CME just added XRP and SOL futures page to their staging subdomain. Page says XRP and SOL futures are going live on Feb 10 pending regulatory review. Looks like they are preparing for the official announcement. Brace for paradise.
As always, posted this first on… pic.twitter.com/Am6fzLyApd
— Summers (@SummersThings) January 22, 2025
Although the CME Group’s team is yet to make this announcement public, the report had an immediate impact on the prices of the underlying assets.
XRP, the third-largest cryptocurrency by market cap, had declined to $3.13 ahead of the news going live but jumped by about 5% within minutes to just over $3.28. It has retraced since then slightly, but it’s still 10% up in the past week and close to the 2018 all-time high of $3.4.
SOL, which has been on a roll since the Trump meme coin mania that started last Friday, went from under $255 to $270 within the same timeframe. Solana’s native token charted an all-time high during the weekend at over $290.
The post What’s Behind Ripple’s (XRP) 5% Price Surge in Minutes? appeared first on CryptoPotato.
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