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Cryptocurrency

TRON (TRX) and Dogecoin (DOGE) Placed in This Prestigious Ranking: Details

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TL;DR

  • TRON was among the most talked-about crypto topics in the last week due to various potential reasons.
  • AI-related cryptocurrencies and the GameFi sector also gained attention, with several tokens experiencing significant price increases over the same period.

Those Making the Biggest Waves

According to crypto analytics platform Santiment, the top 3 crypto social narratives that have created the most impression in the last seven days include bitcoin’s price, TRON, and Dogecoin.

The valuation of the leading digital asset passed through numerous ups and downs throughout that period. While BTC was worth less than $60,000 a week ago, it registered a substantial rally between August 23 and August 26.

Its uptick happened shortly after the Chairman of the US Federal Reserve, Jerome Powell, said the time for lowering the interest rates in the biggest economy has come. He stated that the exact timing and pace of the effort will depend on “incoming data, the evolving outlook, and the balance of risks.”

Following the announcement, BTC’s price crossed $62,000, continuing the uptrend in the next few days to reach almost $65,000. The positive performance could have been further fueled by Robert F. Kennedy’s decision to withdraw from the US presidential elections and endorse Donald Trump.

The former political leader of America has recently shown a pro-crypto approach, with many industry participants believing the sector would thrive should he emerge victorious after the elections this November.

However, BTC could not keep the momentum, plummeting to $58,000 several hours ago before rebounding to its current level of approximately $60K (per CoinGecko’s data).

BTC Price
BTC Price, Source: CoinGecko

TRON has also made the headlines, with the price of TRX – the native token of the blockchain protocol – soaring to a 40-month high of almost $0.17 on August 26. As CryptoPotato reported, the rally positively affected investors in the asset, with 100% of them sitting on paper profits at the time.

Another factor placing TRON in the spotlight might be the launch of thousands of meme coins on SunPump (a platform associated with Justin Sun that allows users to create tokens in minutes). The biggest coin of that type is currently Sundog (SUNDOG), whose market cap surpassed $250 million.

Dogecoin has not been involved in any breaking news in the last week, while its price has retraced by 3% during that period. However, it seems like the token remains one of the most popular topics in the crypto space.

This could be so because of its strong community, millions of investors, and high-profile endorsements in the past. Those following the industry’s developments must be aware that DOGE is the favorite cryptocurrency of Elon Musk, who often highlights its merits.

What Else Is on the List?

Artificial Intelligence (AI) and GameFi rounded up Santiment’s top 5 club. AI-related cryptocurrencies have performed quite well on a seven-day scale, with the prices of some of the leaders skyrocketing by double digits.

Artificial Superintelligence Alliance (FET), for example, exploded by almost 50%, reaching a local top of $1.47 on August 27. Currently, it trades at around $1.32, representing a whopping 550% increase since August 2023.

FET Price
FET Price, Source: CoinGecko


The GameFi niche has also witnessed a substantial resurgence. The
biggest tokens of that type – Immutable (IMX) and Floki Inu (FLOKI) – saw their prices rise by 23% and 25% (respectively) in a week. Beam (BEAM), GALA (GALA), and ApeCoin (APE) are also up, albeit in a more modest fashion.

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Cryptocurrency

Ethereum (ETH) Price Decline, Recent Cardano (ADA) Predictions, and More: Bits Recap August 1

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TL;DR

  • ETH slumped by 6% amid the broader market correction, but whale accumulation, a nine-year low in exchange balances, and steady ETF inflows hint at a possible rebound in the near term.

  • ADA dropped even more, yet analysts remain bullish, with some predicting a surge beyond $4 if the asset clears key resistance at $0.92.

  • BTC briefly dipped below $114,500, but an RSI near 30 suggests oversold conditions, while optimistic traders eye a breakout to $145K-$150K.

ETH Heads South

The past several hours have not been pleasant for the cryptocurrency market, which has registered a significant pullback following the latest tariffs implemented by the Trump administration.

Ethereum (ETH) is among the losers with its price dropping by 6% on a daily scale to around $3,600 (per CoinGecko’s data). Historically, August has tended to be a bearish month for the asset, with gains recorded only in 2017, 2020, and 2021. It will be interesting to see if this year proves to be among the exceptions.

ETH Monthly Returns
ETH Monthly Returns, Source: CoinGlass

On the other hand, some key factors suggest that this might be only a temporary correction, followed by another rally. Whales have scooped up thousands of ETH in the past days, signaling strong confidence and reducing the amount of coins available on the open market. 

Additionally, the number of tokens stored on crypto exchanges plummeted to a nine-year low of under 19 million. This means that investors have shifted from centralized platforms toward self-custody methods, which reduces the immediate selling pressure.

ETH Exchange Reserve
ETH Exchange Reserve, Source: CryptoQuant

The flow of capital into spot ETH ETFs remains solid, while those interested in exploring more bullish factors and optimistic price predictions can refer to our article here.

ADA’s Next Targets?

Cardano’s native token has performed even worse than ETH in the past 24 hours, slipping by 8% to approximately $0.72 (its lowest point since mid-July). 

Despite the downtrend, many analysts foresee a renewed uptrend knocking on the door. The popular X user, Ali Martinez, believes ADA’s current price structure resembles that of the last bull cycle, which was later followed by a massive rally. 

Hardy and Smith are also among the optimists. The former claimed ADA’s bull run has yet to begin, while the latter argued that the valuation could skyrocket to a new all-time high above $4 once it surpasses the breakout target of $0.92. 

What About BTC?

The primary cryptocurrency briefly dipped under $114,500 before recovering some of the losses. As of this writing, it trades at around $115,000, representing a 3.2% drop on a daily basis. 

Its negative performance coincides with the broader correction of the cryptocurrency market, as well as the actions of retail investors who appear to have shifted into selling mode.

However, many members of the crypto community believe BTC’s bull run is far from being over. X user CRYPTOWZRD forecasted a pump to $145,000 if it breaks $120,000, whereas Grypto GEMs set a target of $150,000.

Bitcoin’s Relative Strength Index (RSI), which measures the latest speed and magnitude of price changes, supports the bullish thesis. Currently, the ratio is hovering around 30, meaning the asset is oversold and may be due for a resurgence. Conversely, anything above 70 could be interpreted as a precursor of a pullback.

BTC RSI
BTC RSI, Source: CryptoWaves
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Cryptocurrency

ETH Price Falls, But Ethereum ETFs Keep Breaking Records

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Ethereum spot ETFs have recorded net positive flows for 20 consecutive trading days.

This accumulation streak, highlighted by a $17 million net intake on July 31, stands in stark contrast to Bitcoin ETFs, which saw a $115 million exit on the same day, their first outflow after five days of gains.

Institutional Appetite

The latest run of 20 days surpassed an earlier one of 19 green days between May 16 and June 12, cut short by $2.18 million in outflows on June 13. This was followed by a few days of intermittent flows before the current spree kicked off in earnest on July 3.

It has since pushed cumulative allocations to $9.64 billion, per SoSoValue data, with July alone seeing $5.41 billion in net capital directed toward ETH ETFs, more than the combined total of the previous 11 months.

BlackRock’s ETHA remains the market leader, attracting $18.18 million on July 31 and now holding $11.37 billion in assets, representing 2.52% of ETH’s market cap. Meanwhile, Grayscale’s ETHE reported $6.8 million in withdrawals, though its $4.22 billion asset base shows its continued relevance. Fidelity’s FETH recorded a $5.62 million boost, bringing its net assets to $2.55 billion.

The momentum is striking when viewed against historical trends. The last recorded outflow was on July 8, after which funds posted some of their largest single-day gains, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22. These inflows helped Ethereum ETF assets climb to $21.52 billion, roughly 4.77% of the cryptocurrency’s market cap.

Ethereum Price Action

Despite the ETF-fueled demand, ETH slipped 2.4% in the last 24 hours to around $3,786, following a brief rally to $3,933 earlier this week. However, the token is up 53% in the past 30 days, outpacing Bitcoin’s rangebound movement between $116,000 and $119,000.

Industry analysts see these ETF flows as structurally bullish. Recently, QCP Capital cautioned that overheated funding rates could introduce near-term resistance around $4,000, but it stressed that continued institutional demand, paired with corporate treasuries like SharpLink Gaming and BitMine accumulating billions in ETH, may underpin further upside.

Meanwhile, on July 31, the total value traded across ETH ETFs stood at $1.28 billion. If this pace holds, it could help ETH challenge its November 2021 all-time high of $4,878 sooner than expected, potentially cementing its role as the frontrunner in an altcoin-led cycle.

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BlackRock Ripple (XRP) ETF Coming Soon? Here’s What You Need to Know

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Nate Geraci, President of The ETF Store, believes that the world’s largest asset manager – BlackRock – will file for an XRP ETF.

If true and if history is any indicator, this could have a long-term positive impact on XRP as an asset, following in the footsteps of ETH and even BTC.

BlackRock XRP ETF a Possibility According to Expert

Geraci believes that it’s only logical for BlackRock to file for an XRP ETF. He cited the asset manager’s attempt to position itself as a “thought leader,” and thinks that it wouldn’t make a lot of sense for the financial behemmoth to ignore a top-five non-stablecoin cryptocurrency by means of total market capitalization. He also thinks the firm will file for a spot Solana (SOL) ETF.

He also believes that they will be filing for an index-based crypto ETF:

If launching index-based crypto ETF (which I’m highly confident they will), then you’re launching individual spot ETFs. I get the “BlackRock is all in on ETH,” or “they think XRP is scam.” This is all about business. They open up flank not pursuing additional spot ETFs IMO.

To this, he also added that by failing to add more individual spot ETFs, BlackRrock would essentially send a message to their clients and prospective investors that “there will only ever be two winners in crypto: BTC and ETH.”

He also said that they are still early because one of their main competitors is still following the “blockchain, not bitcoin” meta.

XRP ETFs The New Meta?

It’s perhaps safe to assume that a major deterrent for large-scale asset managers to file for XRP ETFs was the ambiguity surrounding its legal status amid the case between the US Securities and Exchange Commission and Ripple Labs.

Now that this has almost been resolved, and following the Commission’s newfound crypto-oriented focus, investors and asset managers are far more confident in the US-based crypto company. This has also largely been reflected in XRP’s price, which is up by a staggering 400% in the last year.

Multiple companies have already filed for a spot XRP ETF, including Franklin Templeton, Bitwise, Canary Capital, Grayscale, 21Sharse, and WisdomTree.

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