Axie Infinity is poised for a comeback with its upcoming update, Wings of Nightmare, launching on November 21, 2024, which has already driven the $SLP token up by 25% as excitement builds among players. The post Could Axie Infinity Be Making a Comeback? SLP Up 25% in a Day – Here's Why appeared first on Cryptonews.

The crypto market has had a bullish week on average. Like many altcoins, Artificial Intelligence (AI) coins were not left out of the rally.

The cryptocurrency market started the month of July on a positive note after recording a strong bearish price sentiment over the past month. Moreover, the market leader, BTC price, has surged 4.38% over the past day with a 24-hour high of $63,700 and a trading volume of $21.47 Billion.

Decentralized Physical Infrastructure Networks (DePin) are crowd-sourced networks in which individuals contribute physical infrastructure resources required in various fields. The providers of these infrastructural services are incentivized via the network's native tokens through a reward-based system.

These three undiscovered cryptos could be short-term moneymakers waiting for their moment to shine on social media.

As Bitcoin ($BTC) continues its impressive climb, many investors wonder if they're too late to join the crypto party. But amidst this uncertainty, one voice stands out: our crypto enthusiast, Cyclop. He sees this as just the beginning of a larger market cycle, with altcoins ready to take the spotlight.

The market is buzzing with immense energy as the altcoins reverse the trend polarity to maximize their bullish. This wave of enthusiasm is catapulting altcoins to new heights, particularly as we edge closer to the Bitcoin strides above $50,000, marking a significant uptick in altcoins that have delivered more than 100% astronomical returns.

Considering you do not live under a rock, the stars are aligning for the crypto bulls in 2024, from the fourth Bitcoin halving coming this year to the Bitcoin ETFs getting approval. The potential altcoin season seems just around the corner. Amidst the upcoming altcoin season, the most significant altcoins are sure to perform.

Following the dramatic events after the SEC approved all the Bitcoin ETFs, the markets are finally on a bullish trajectory. Becoming a sell-the-news event due to the Grayscale's humongous outflows, Bitcoin finally turned the tables and surpassed the market cap of Silver ETFs.

Notably, SNT saw the most substantial decline during the previous day's trading, with its price plummeting by over 12% to reach $0.05064. Santiment, a cryptocurrency behavior analytics platform, disclosed today that several cryptocurrencies have witnessed notable increases in essential on-chain metrics traditionally linked with bullish trends.

A handful of altcoins are seeing a “major surge” in address activity, according to the crypto analytics firm Santiment. The firm notes that Bitcoin Cash (BCH), Smooth Love Potion (SLP), Mask Network (MASK) and Civic Pass (CVC) have all hit three-month highs in terms of daily active address counts.

Data from Santiment shows that several altcoins have registered an increase in address activity, which may make them worth keeping an eye on. Bitcoin Cash & Other Altcoins Have Observed A Rise In Active Addresses As explained by the on-chain analytics firm Santiment in a new post on X, some alts are seeing rising activity despite the cooldown that the overall cryptocurrency sector has observed in the past couple of days.

After several months of volatile and uncertain trading, the altcoin market is poised for a welcome relief rally in the fourth quarter of 2023. This optimism is fueled by the anticipation of crypto traders looking to capitalize on profits during the end-of-year festivities, leading to a surge in overall trade volume.

Top crypto exchange Binance is set to delist 25 Binance USD trading pairs. Binance Margin, a service on Binance that gives traders access to margin trading of crypto assets, will be delisting 25 BUSD pairs.

Three wallets have shifted their positions from $PEPE to $PNDC, indicating a change in investor sentiment or strategic positioning. The move follows a significant shift in market sentiment, with Pepe Coin experiencing a sharp decline since its Binance listing in May 2023.

The company behind the most valuable stablecoin in terms of market capitalization, Tether, has formally stopped supporting three separate blockchains. The stablecoin issuer halted minting USDT on Kusama (KSM), the Simple Ledger Protocol of Bitcoin Cash (BCH), and Omni Layer (OMNI) on Thursday.

Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains. On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bitcoin Cash's (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).

Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash's Simple Ledger Protocol (SLP).

Tether ceases support for Kusama, Bitcoin Cash SLP, and Omni Layer due to evolving crypto needs. The move follows Q2 earnings surpassing $1 billion.

Effective immediately, Tether will halt minting USDT on Omni, Kusama, and BCH-SLP layers

Smooth Love Potion [SLP] exhibited positive price action in Q1.

SLP staking profitability depends on the level of demand for the token in the Axie Infinity ecosystem as well as the retail market.

The LUNC price, the SLP price and the STEEM price are all showing bearish signs and are likely to resume their downward movements. The post 3 Cryptos That May Never Make All-Time Highs Again appeared first on BeInCrypto.

Top US-based crypto exchange platform Coinbase is expanding its suite of digital assets by adding custody support for over a dozen of Ethereum (ETH)-based altcoins. Coinbase says it's adding 14 new cryptocurrencies to the growing roster of virtual currencies in its Coinbase Custody cold storage trust.

After first raising concerns about the wallet, Michael Benko noted he was pleased to finally get an official answer about the mysterious whale wallet.

A mysterious whale wallet is holding 50% of Axie Infinity's SLP supply. The secretive wallet has been silently gathering billions of Smooth Love Potion (SLP), the in-game cryptocurrency powering one of the industry's most popular play-to-earn (P2E) crypto games, for almost a year now.

Contrary to the obvious explanation, this massive whale wallet is not owned by Axie Infinity or the company behind it, Sky Mavis.

Axie Infinity (AXS) and Smooth Love Potion (SLP) have both broken out from their respective descending resistance lines, but are still facing horizontal resistance. The post Axie Infinity (AXS) and Smooth Love Potion (SLP) Show Signs of Life After Long Downtrend appeared first on BeInCrypto.

After recording more than $4 billion in all-time sales, Axie Infinity announced the game's classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode.

On 14 July, the leading play-to-earn platform, Axie Infinity, announced the launch of its campaign, “Lunacian Summer.” According to the announcement, the campaign, which will span 50 days, will allow gamers to breed limited-edition summer skins for their game characters.

Pseudonymous Axie Infinity enthusiast noticed interesting shift in crucial SLP metric

A privacy-focused scaling solution altcoin is scaling up after joining Coinbase's roster of crypto assets. In an announcement, Coinbase says Marlin (POND) is now live across its entire platform, including on the iOS and Android apps. News of the Coinbase listing has Marlin surging by 31% to $0.013. POND was trading for as low as […] The post Crypto Exchange Giant Coinbase Adds Three Ethereum (ETH) Altcoins Plus One DeFi Token, Spurring Surprise Rallies appeared first on The Daily Hodl.

One altcoin focused on privacy and scaling solutions is surging after being added to top US crypto exchange Coinbase's roster of assets. In an announcement, Coinbase says Marlin (POND) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. Marlin is a high-performance “layer-zero” blockchain network that's geared toward […] The post Coinbase Triggers Explosive Rally for Ethereum-Based Altcoin As Exchange Announces Support for New Crypto Assets appeared first on The Daily Hodl.