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11 Best Crypto Apps on Mobile in 2024
Last updated:
May 10, 2024 00:43 EDT
| 15 min read
Cryptocurrency apps make it simple to buy and sell crypto on the go, access your digital assets, and get updates about the latest news in the crypto market. In this guide, we’ll highlight the 11 best crypto apps for crypto beginners and experienced traders alike.
The Top 10 Best Crypto Apps Ranked
We tested out dozens of crypto exchanges, crypto wallets, and more to find the 11 best crypto apps for 2024:
- Coinbase – Popular Crypto App for Beginners
- Kraken – Best Crypto App for Trading on Margin
- Crypto.com – All-in-one Crypto Exchange for Trading, Staking & More
- Binance – Crypto App with Lowest Trading Fees
- Bitstamp – Secure & User-friendly Crypto App with 78+ Coins
- Webull – 0% Commission Crypto App for Popular Coins
- Pionex – Trade Automatically with Crypto Trading Bots
- CoinSmart – Best Crypto App for Long-term Investors
- Luno – Simple Crypto App for Repeat Investing
- Coinmama – Easy to use Crypto App to Buy Popular Tokens
The Best Cryptocurrency Apps for Beginners Reviewed
Want to know more about the top crypto apps so you can buy the best crypto in 2024? We’ve put together quick reviews of the best crypto trading apps to help readers find the right app for their needs.
1. Coinbase – Best Crypto App for Beginners
The most popular crypto app in the US is Coinbase and and is one of the best crypto apps for beginners. The app makes it incredibly simple to buy and sell cryptocurrency. Just sign up, add funds with a credit card, debit card, or bank transfer, and buy crypto.
The catch to this simplicity is that Coinbase charges higher fees than many other top crypto exchanges, especially for card purchases. Users are charged 1.49% when making purchases with a bank transfer or 3.99% when using a credit or debit card.
When trading cryptos under $200, Coinbase charges a fixed sum. The fee ranges from $0.99 – $2.99 per transaction, depending on the trading amount. Above $200, Coinbase charges a percentage-based fee. The fee starts from 0.40% per transaction.
The great thing about the Coinbase app, though, is that investors have access to an enormous range of altcoins. Coinbase currently lists more than 9,600 crypto assets, including many meme coins and relatively unheard of coins that haven’t yet broken out. New cryptos are being added to the Coinbase app on a daily basis.
Pros:
- Very user-friendly app
- Accepts credit and debit cards
- 9,600+ tokens to trade
- Advanced charting and analysis tools
Cons:
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 9,600+ | Commission | Under $200 – Between $0.99 – $2.99 per transaction
Above $200 – Starting at 0.40% per transaction |
2. Kraken – Best Crypto App for Trading on Margin
Another popular crypto exchange that caters to both first-time crypto investors and experienced traders is Kraken. This crypto app especially stands out for margin trading, which enables traders to apply up to 5x leverage when trading popular cryptocurrencies. Margin rates start at just 0.02%, among the lowest in the industry.
The Kraken app also supports traders by offering in-depth mobile charts. Traders can customize their candlestick charts with dozens of indicators and drawing tools, plus set up price alerts and execute limit and stop orders on the app. Fees for trading with Kraken Pro start at 0.26% per trade, while an instant buy order costs 0.9% for stablecoins and 1.5% for all other cryptocurrencies.
The Kraken app also supports staking on 16 different coins. Reward rates range up to 21% APY and interest is paid out twice per week.
Pros:
- Trade with 5x leverage
- Very low margin trading fees
- Customizable mobile charts
- Staking with rates up to 21% APY
Cons:
- Different fees for stablecoins and other tokens
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 185 | Commission | 0.26% |
3. Crypto.com – All-in-one Crypto Exchange for Trading, Staking & More
The Crypto.com app is one of the best apps for trading cryptocurrency in 2024. This app offers access to Bitcoin and more than 250 popular altcoins with some of the lowest exchange fees in the industry. Traders pay just 0.075% per trade when using a bank transfer (minimum $500 deposit). The app accepts credit and debit cards as well with a 2.99% fee.
Crypto.com’s app doesn’t have the most in-depth charting platform we’ve seen, but the charts are good enough for most active traders. For investors, Crypto.com offers built-in crypto staking with generous interest rates. Crypto.com users can earn up to 14.5% APY and 5% APY for staking Bitcoin. Just note that the best rates are reserved for investors who also hold CRO, Crypto.com’s native token.
The Crypto.com app can also be used to manage the Crypto.com Visa card, a rewards credit card that offers up to 5% cash back in the form of CRO tokens. The card comes with several benefits, including subscriptions to Spotify, Netflix, Amazon Prime, and more.
Another nice feature of the Crypto.com app is that it makes sending and receiving crypto easy. So, users who want to spend crypto instead of just HODL it will find it easy to make transactions with this app.
Pros:
- Fee from 0.075%
- Staking with interest up to 14.5% APY
- Rewards Visa credit card
- Simple crypto transfers
Cons:
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 250 | Commission | 0.075% |
4. Binance – Crypto App with Lowest Trading Fees
The Binance app is the best crypto app for users in search of low transaction fees. When using Binance’s trading platform, traders pay a fee of just 0.10% for most transactions. Even better, trading on many Bitcoin-fiat and Bitcoin-stablecoin pairs is free, as are most transactions that use Binance’s own BUSD stablecoin. Traders can also get discounted commissions if they hold BNB, Binance’s native cryptocurrency.
The Binance app can be a little difficult to navigate because it packs so many features in. The app offers trading on more than 350 coins, plus a built-in NFT marketplace, tools for decentralized finance (DeFi) like staking and lending, and even crypto savings accounts.
There’s also a pro mode hidden within the Binance app. This gives users access to advanced technical charting tools, market depth data, and more. It’s one of the most comprehensive mobile analysis platforms currently available for the crypto market.
Pros:
- Free trading on BTC and BUSD pairs
- Trade 350+ tokens
- Integrated staking and lending
- Very advanced mobile charting
Cons:
- App layout is very crowded
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 350+ | Commission | None |
5. Bitstamp – Secure & User-friendly Crypto App with 78+ Coins
One of the only few crypto apps that offers free trading on Bitcoin, Ethereum, and other popular crypto tokens is Bitstamp. To trade for free, users have to maintain a trading volume of less than $1,000 per month and make deposits by ACH bank transfer. Trading fees for higher volume traders start at 0.40% and there’s a whopping 5% fee for using a credit or debit card.
The Bitstamp app offers trading on more than 78 tokens and is designed to be as easy as possible to use. Users can tap to buy crypto in seconds or take advantage of the app’s in-depth analytics tools. Those include candlestick charts, market depth data, price alerts, and more.
Bitstamp recently began offering crypto staking through the app, but staking is currently only available for Ethereum and Algorand. Interest rates for Ethereum currently sit at 4.12% APY.
Pros:
- Free to trade with bank transfer
- Integrated charting and analysis tools
- Stake ETH and ALGO
- User-friendly app layout
Cons:
- 5% fee for card purchases
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 78 | Commission | None |
6. Webull – 0% Commission Crypto App for Popular Coins
A popular US–based stock and ETF broker called Webull offers 0% commission trading on popular cryptocurrencies. There are currently 58 crypto trading pairs available, all of which are completely fee-free to buy and sell.
The Webull app makes it easy to keep track of crypto prices through watchlists, price alerts, and more. We’re also impressed by the quality of Webull’s mobile charting platform. This crypto app doesn’t include advanced data like market depth, but traders have access to a wide range of technical indicators and drawing tools.
There’s no minimum deposit to open a new account at Webull. New users can get up to 12 free stock shares, which can immediately be sold for cash that can then be used to buy crypto. Note that Webull only accepts deposits by bank transfer, not by credit or debit card.
Pros:
- Free trading for all crypto pairs
- Integrated crypto wallet
- User-friendly charting platform
- No minimum deposit to open account
Cons:
- Does not accept credit or debit cards
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 58 | Commission-free | None |
7. Pionex – Trade Automatically with Crypto Trading Bots
Pionex is a unique crypto trading app that offers access to 16 different crypto trading bots. These are trading algorithms that identify distinct price patterns and automatically initiate trades on a user’s behalf. The crypto trading bots can be used to issue alerts or execute trades, depending on how closely a trader wants to monitor the market themself.
The Pionex app offers trading on nearly 350 different crypto tokens with trading fees starting at just 0.05% for most transactions. There’s no minimum deposit required and the exchange accepts credit cards for payments.
Pionex also supports crypto staking on Ethereum with interest rates up to 4.25% APY. New users can get a trial fund of $1,288 in USDT (Tether), which can be used to stake Ethereum and start earning interest (users don’t get to keep the $1,288).
Pros:
- Includes 16 crypto trading bots
- Costs just 0.05% per transaction
- Stake ETH and earn up to 4.25% APY
- Accepts credit cards with no minimum deposit
Cons:
- Cannot stake tokens other than ETH
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 346 | Commission | 0.05% |
8. CoinSmart – Best Crypto App for Long-term Investors
A publicly traded crypto exchange called CoinSmart offers low fees and simple mobile interface for long-term crypto investors. The app offers trading on 16 of the most popular cryptocurrencies with commissions starting at 0.20% per trade.
Charting and trading tools on the CoinSmart app are relatively limited, but the app does have some handy features for investors. For example, it’s very simple to transfer crypto, which can be useful if users want to pay someone in tokens or transfer funds to a third-party crypto wallet app.
The CoinSmart app accepts a wide range of fiat currencies for deposits, including USD, CAD, and EUR. Users can make a deposit by bank transfer, Interac, or e-wallet, but credit card payments are not accepted. The exchange offers 24/7 customer support.
Pros:
- Very user-friendly app layout
- Supports fast, free crypto transfers
- Accepts USD, CAD, and EUR deposits
- 24/7 customer support
Cons:
- Limited selection of crypto tokens
- No crypto staking
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 16 | Commission | 0.20% |
9. Luno – Simple Crypto App for Repeat Investing
Luno is an easy-to-use crypto app that’s built for crypto investors with long time horizons. The app makes it easy to set up recurring investments, helping investors build their positions in crypto over time. Charts on this app are relatively simple, reflecting the fact that Luno isn’t designed for active trading.
The Luno app currently offers trading on just 5 top cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. There’s no staking and all funds are held in a custodial account with Luno. Helpfully, the app offers free crypto transfers between Luno accounts, which can be nice for users who have family or friends who also use Luno.
Luno accepts deposits in USD by bank transfer only. There’s a 0.75% instant buy fee for all cryptocurrencies offered on the app.
Pros:
- Set up recurring investments
- Very user-friendly app layout
- Free transfer between Luno accounts
- Free deposits by bank transfer
Cons:
- Only 5 cryptocurrencies available
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 5 | Commission | 0.75% |
10. Coinmama – Easy to use Crypto App to Buy Popular Tokens
Another beginner-friendly crypto app called Coinmama offers trading on 16 of the most popular crypto tokens. The app is incredibly straightforward to use, offering a simple buy/sell interface with few advanced features or order options. While that might be limiting for more advanced investors, the simplicity is ideal for first-time crypto investors.
Coinmama accepts a variety of payment methods, including credit cards, debit cards, bank transfers, Apple Pay, Google Pay, and Skrill. Fees on this app can be steep, ranging up to 3.90% for new users. Discounts are available for returning customers who achieve loyalty status.
Coinmama offers a custodial wallet, so investors don’t need to worry about finding a separate crypto wallet app. The exchange offers customer support by phone and email.
Pros:
- Very user-friendly mobile app
- Accepts credit and debit cards
- Built-in custodial crypto wallet
- Phone and email support
Cons:
- Expensive fee structure
- No analysis or order management tools
| # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| 16 | Commission | 3.90% |
Top Crypto Trading Apps Comparison
Want to know more about how the best apps to buy crypto stack up against one another? The table below shows the number of coins and basic price to trade Bitcoin using each of the best cryptocurrency apps.
| Crypto App | # of Coins | Pricing Structure | Fee to Trade Bitcoin |
| Crypto.com | 250 | Commission | 0.075% |
| Coinbase | 9,600+ | Commission | 1.49% |
| Binance | 350+ | Commission | None |
| Bitstamp | 78 | Commission | None |
| Webull | 58 | Commission-free | None |
| Kraken | 185 | Commission | 0.26% |
| Pionex | 346 | Commission | 0.05% |
| CoinSmart | 16 | Commission | 0.20% |
| Blockfolio | 28 | Commission | 0.20% |
| Luno | 5 | Commission | 0.75% |
| Coinmama | 16 | Commission | 3.90% |
How to Find the Best Crypto App
There’s a lot that goes into choosing the best cryptocurrency app. Here are some of the key factors we considered in our reviews.
Regulation
Many of the best cryptocurrency apps are regulated, providing customers with assurances that they follow market rules and have measures in place to keep users’ funds safe. Most exchanges are part of the Financial Crimes Enforcement Network (FinCEN) and require new users to verify their identity.
User Experience
How easy a crypto app is to use can make a big difference in the process of buying and selling digital currencies. The most user-friendly crypto apps offer a simple instant buy/sell interface along with simple tabs for making deposits and withdrawals or accessing analysis tools. If an app offers an advanced charting platform, it should be straightforward to customize the charts with a few taps.
Tradable Cryptos
The range of tokens available to trade is a major factor when deciding on the best cryptocurrency app. Some apps only offer a handful of the most popular cryptocurrencies, while others offer hundreds or even thousands of altcoins. It’s also a good idea to check what tokens are available for crypto staking.
Fees
Trading fees can vary widely between crypto apps and even for different coins and payment methods on the same app. The best crypto apps typically charge a fee of 1% or less to buy and sell Bitcoin. Watch out for credit and debit card fees, which can significantly increase the cost of trading.
Tools & Features
The trading tools available in a crypto app can also be very important. Some apps offer advanced technical charts, price alerts, order management tools, and more. Other helpful features include social trading and a crypto market news feed.
A growing number of crypto apps also offer crypto staking and lending, which is key for investors who want to participate in DeFi. Some of the best crypto mining sites also allow users to mine BTC and other PoW coins via a proprietary Android and iOS app.
Payment Methods
Nearly all crypto apps accept deposits by bank transfer or crypto transfer, and many accept debit and credit cards as well. However, there may be steep deposit fees when paying with a card. Some crypto apps also allow payments using e-wallets like Google Pay, Apple Pay, PayPal, Neteller, and Skrill.
Customer Support
Many crypto apps offer 247 customer support, which is important since the crypto market itself is active 24/7. Check whether there’s in-app chat support or phone support for faster service.
What is the Best Crypto App for Staking & Interest?
Crypto staking enables investors to stake their tokens to a blockchain and earn interest as a reward. Crypto staking can yield double-digit interest rates on some crypto apps and can be an important way for investors to make money from their tokens.
We think the best crypto apps for staking in 2024 are AQRU and Crypto.com. AQRU enables investors to earn up to 3% APY interest on Bitcoin, Ethereum, and USDC with no lock-in period. For investors who are willing to lock their USDC for 90 days, rates jump to 8% APY. AQRU makes it easy to start staking with just a credit or debit card and charges a flat commission of 0.35%.
Crypto.com offers staking on more than 40 different cryptocurrencies with interest rates up to 14.5% APY. Bitcoin earns up to 5% APY and Ethereum up to 6% APY. The app offers flexible staking periods as well as 1-month and 3-month lock-in periods. Note that to get the best interest rates, users must also stake CRO, Crypto.com’s native cryptocurrency.
The Best Cryptocurrency Wallet App
Many of the top crypto apps we reviewed offer built-in custodial wallets. Users who buy crypto from these exchanges can leave their coins in their exchange account and don’t have to transfer them to a separate wallet app.
However, there are advantages to using a standalone crypto wallet app. It can be more secure and ensures that users have total control over their tokens.
Top Crypto Price Alert Apps
Many of the best crypto apps offer price alerts so that traders never miss an opportunity to pick up more crypto at bargain prices. These alerts usually take the form of push notifications on a smartphone, but they can also be delivered by text or email.
The best crypto alert apps are the same apps that offer advanced charting and analysis tools: Binance, Webull, and Kraken. All of these apps enable users to pick a price for any supported coin and get a notification when that price is reached.
Conclusion
The best crypto apps make it easy to buy and sell crypto on the go with low fees. Coinbase stands out as the overall best crypto app in 2024 thanks to its transparent pricing structure and outstanding mobile analysis tools. It also has one of the best crypto wallet apps.
FAQs
What is the best crypto app to use?
We think Coinbase is the best crypto trading app right now. It offers transparent and low pricing to buy and sell more than 75 of the most popular cryptocurrencies. It also offers advanced technical charts on mobile, price alerts, copy trading, and more.
What is the safest app for cryptocurrency?
All of the crypto apps we reviewed are highly secure and are regulated by financial watchdogs. We think Coinbase and Webull are among the safest crypto apps for new investors.
What is the simplest crypto app for beginners?
First-time crypto investors can check out Coinbase, Luno, and Kraken. These apps each offer user-friendly interfaces to buy and sell crypto in minutes and they don’t require investors to navigate complex charts or multiple purchase options.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
About the Author
Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news sites like Business2Community, InsideBitcoins, LearnBonds, and tech-focused outlets like TechRadar. He has collaborated with fintech and crypto startups on whitepapers and investor resources, and also has expertise in sports betting and crypto gambling. Michael holds a Bachelor of Arts from Cornell University and a PhD in Oceanography from Oregon State University. He now resides in Bellingham, Washington, and writes full-time.
About Cryptonews
At Cryptonews, we aim to provide a comprehensive and objective perspective on the cryptocurrency market, empowering our readers to make informed decisions in this ever-evolving landscape.
Our editorial team, comprised of more than 20 professionals in the crypto space, works diligently to uphold the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.
Whether you’re seeking breaking news, expert opinions, educational resources, or market insights, Cryptonews.com is your go-to destination for all things crypto since 2017.
As the cryptocurrency market continues to expand, investors are constantly looking for new opportunities to maximize their returns. Pepe (PEPE), a meme coin inspired by the iconic Internet character Pepe the Frog, has been a staple in the meme coin arena. However, recent developments have shifted some investors’ attention to a promising new competitor: MPEPE (MPEPE). Currently trading at $0.0007, Mpeppe is attracting significant interest from those looking to diversify and capitalize on the next big thing.
Pepe’s appeal (PEPE)
Pepecoin (PEPE) has carved out a significant niche for itself in the cryptocurrency market, largely due to its vibrant community and roots in internet meme culture. Drawing inspiration from the popular meme character Pepe the Frog, Pepe (PEPE) has captured the attention of cryptocurrency enthusiasts and meme enthusiasts alike. This fusion of humor and community spirit has been instrumental in its rise within the cryptocurrency space.
The continued success of Pepecoin (PEPE) can be attributed to its active and dedicated community. Holders of the coin are known for their enthusiastic promotion on social media platforms, which helps maintain its visibility and popularity. This strong community support has been instrumental in sustaining Pepe (PEPE)’s momentum and driving its market performance. Recent whale activity, such as a massive transfer of 9 trillion PEPE tokens valued at $82 million to Bybit, further highlights the coin’s potential for significant price movements driven by large-scale transactions.
Mpeppe (MPEPE): the rising star
Mpeppe (MPEPE) differentiates itself by merging the realms of sports and cryptocurrency. Drawing inspiration from soccer sensation Kylian Mbappé and leveraging the legacy of the Pepe (PEPE) meme coin, Mpeppe offers a unique appeal that resonates with both sports fans and cryptocurrency investors. This innovative fusion is attracting a diverse and engaged audience, fostering a vibrant community around the token.
A large ecosystem
Differentiating itself from typical meme coins, Mpeppe (MPEPE) features a robust ecosystem that includes gaming and sports betting platforms, NFT collectibles, and social interaction features. These utilities provide real value to users, creating multiple channels for engagement and investment. This comprehensive approach positions Mpeppe as more than just a meme coin, offering a richer and more engaging experience for its users.
Investment Potential of Mpeppe (MPEPE)
Strategic Tokenomics
Mpeppe (MPEPE) has been strategically priced at $0.0007, making it accessible to a wide range of investors. Tokenomics is designed to support long-term growth, with allocations for presales, liquidity, and sports activities. This strategic distribution ensures stability and promotes community engagement, positioning Mpeppe for substantial growth.
Analysts’ optimism
Market analysts are optimistic about the potential of Mpeppe (MPEPE). The coin’s innovative approach, strong community, and strategic partnerships are expected to drive significant price increases. Early investors stand to benefit from substantial returns as Mpeppe gains traction in the market. Analysts note that Mpeppe’s combination of utility and community engagement positions it well for future growth, especially as the cryptocurrency market continues to evolve.
The impact of similar competing businesses
Driving Innovation
Competition between similar assets such as Pepe (PEPE) and Mpeppe (MPEPE) is a catalyst for innovation. Each project strives to outdo the other, resulting in continuous improvements and new features. This dynamic competition benefits investors, offering them better and more advanced products.
Market diversification
Having multiple competing assets in the market promotes diversification. Investors have more options to choose from, which can help spread risk and potentially increase returns. The presence of strong contenders like Pepe (PEPE) and Mpeppe (MPEPE) ensures a vibrant and resilient crypto ecosystem.
Increased market interest
Competition between similar assets also generates increased market interest. As projects compete for attention, they attract more investors and media coverage, leading to increased visibility and adoption. This increased interest can drive further investment and growth in the sector.
The Future of Mpeppe (MPEPE)
Strategic development
Mpeppe (MPEPE) has a clear and ambitious roadmap for the future. Development plans include expanding its gaming and sports betting platforms, launching new NFT collections, and forming strategic partnerships. These initiatives are designed to improve user experience and drive market growth.
Community Growth
The success of Mpeppe (MPEPE) will largely depend on its ability to build and sustain a strong community. By focusing on engagement and providing valuable utility, Mpeppe aims to foster a loyal and active user base. This community-driven approach is expected to play a significant role in its long-term success.
Conclusion: A New Horizon for Meme Coin Investors
In conclusion, while Pepe (PEPE) has established itself as a significant player in the meme coin market, Mpeppe (MPEPE) offers a fresh and innovative approach that is capturing the interest of investors. With its strategic pricing, comprehensive ecosystem, and potential for high returns, Mpeppe (MPEPE) represents an exciting opportunity for those looking to diversify their cryptocurrency portfolios. As always, investors should stay informed and consider multiple factors before making investment decisions. Embrace the potential of Mpeppe (MPEPE) and join the journey to new rewards in the cryptocurrency world.
For more information on the pre-sale of Mpeppe (MPEPE):
Visit Mpeppe (MPEPE)
Join and become a member of the community:
Italian: https://t.me/mpeppecoin
Italian: https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
- The Golem project has moved over $124 million in ETH for staking.
- Ethereum staking frenzy has increased ahead of the launch of spot ETH ETFs in the US.
Ethereal [ETH]The Project Golem-based distributed computing marketplace has joined the ETH staking frenzy.
On July 11, contrary to its recent sell-off, the company reportedly staked 40K ETH worth over $124.6 million, according to Lookonchain data.
Golem Network has confirmed its Ethereum staking initiative and said its purpose was to “create space” to help participants contribute to the network.
“The Golem Ecosystem Fund is officially launched today! We have staked 40,000 ETH from Golem’s treasury. This will create a space where developers, researchers, and entrepreneurs can bring their ideas to life and contribute to the Golem Network and its ecosystem!”
Ethereum Staking Frenzy
The staking frenzy has infected Ethereum, with just days to go until the potential launch of a spot ETH ETF in the United States. Recently, an unmarked address blocked over 6K ETH.
The Golem project’s decision to lock up 40K ETH on July 11th pushed the total ETH locked up to Chain of lights at an all-time high of 47.5 million ETH, worth over $140 billion based on market prices at press time.
Beacon Chain is Ethereum’s system that manages the validation of new blocks.
Source: Etherscan
According to a recent AMBCrypto relationshipIncreased ETH staking ahead of the debut of the ETH spot ETF in the US has underscored bullish sentiment.
More ETH has been moved from exchanges, further strengthening bullish expectations.
Meanwhile, from a short-term perspective, many addresses were losing at the $3.2K and $3.5K levels. Investors could try to take a profit if they break even.
These prices represent key levels to watch in the short term.
Source: IntoTheBlock
Next: Why Bitcoin Must Surpass $61K Soon, According to Analysts
As the cryptocurrency space turns bearish, giants like Chainlink and Fantom are facing setbacks with declining trends for LINK and FTM. Amid these changes, BlockDAG emerges as a prime target due to its promising pre-sales and long-term prospects. This Layer-1 project boasts an innovative Low Code No Code ecosystem, attracting investors with potential ROIs exceeding 30,000x. The pre-sales momentum has already accumulated over $57.6 million, driven by growing investor enthusiasm.
Impact of Chainlink’s Recent Token Release
Chainlink’s recent move to release 21 million LINK tokens, worth approximately $295 million, from its dormant supply contracts has significant market implications. This release sent 18.25 million LINK to Binance, fueling speculation that the price will drop. LINK is currently trading at $13.64, approaching its critical support at $13.5, with the potential to drop to $10 if this level breaks.
These releases, increasing the circulating supply above 600 million LINK, have previously maintained price stability, but the prevailing bearish conditions could alter this trend. With 391.5 million LINK pending release, market caution persists.
Fantom (FTM) Market Position Dynamics
Fantom experienced a strong buying spree last November, but its valuation has been challenging lately. After peaking near $1.20 in March, subsequent resistance and profit-taking pushed its price lower. FTM recently dipped below the crucial $0.600 mark but found some ground around $0.500. Fantom is currently valued at $0.559 with a market cap of $1.67 billion and daily trading volume of $257.56 million.
The Fantom Foundation’s decision to award over 55,000 FTMs quarterly to major dApps on the Opera network has invigorated user participation. Indicators such as RSI and MACD suggest a possible bounce if it surpasses the $0.600 mark. Failure to break above the 200-day EMA could prolong the bearish outlook.
BlockDAG Pre-Sale Triumph and Innovative Platform
BlockDAG’s pioneering low-code/no-code platform enables the seamless creation of utility tokens, meme tokens, and NFTs, catering to a broad user base. Its intuitive templates allow enthusiasts to quickly launch and customize projects, thereby democratizing blockchain development and accelerating market entry.
The cutting-edge features of this platform have attracted cryptocurrency investors, significantly increasing the interest in the presale. BlockDAG has successfully raised over $57.6 million, witnessing a 1300% escalation in the coin’s value from $0.001 to $0.014 in its 19th batch. This impressive rise underscores the immense return potential of BlockDAG for early backers.
Additionally, BlockDAG’s commitment to expanding its ecosystem extends to supporting the development of decentralized apps. This fosters a wide range of new projects in the blockchain domain, from digital art platforms to tokenized assets, enriching the blockchain ecosystem.
Key observations
While Chainlink and Fantom are currently navigating bearish trends due to token releases and resistance hurdles, BlockDAG’s innovative low-code/no-code framework positions it as an attractive investment option. With a presale raise of over $57.6 million and prices skyrocketing 1300% in recent batches, BlockDAG shows tremendous potential for returns of up to 30,000x. Amidst the market volatility impacting Chainlink Tokens and Fantom, BlockDAG stands out as a promising avenue for cryptocurrency traders.
Sign up for BlockDAG Pre-Sale now:
Website: https://blockdag.network
Pre-sale: https://acquisto.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: Italian: https://discord.gg/Q7BxghMVyu
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality and accuracy of any material in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your own research and invest at your own risk.
The DEX aggregator Anger Trading is about to issue its RAGE token on the new Layer 1 blockchain Hyperliquid. The token sale is scheduled for August 7, with 20 million tokens out of a total supply of 100 million available on Fjord Foundry at a fixed price of $0.30.
Additionally, the “Rage Quit” feature has been introduced, which allows private investors to get their allocation early by accepting a 60% cut.
RAGE will be among the first tokens to be launched on Hyperliquidmarking a significant moment for this new blockchain. Let’s see all the details below.
DEX News Rage Trade: New RAGE Token Arrives on Hyperliquid
As expected, decentralized exchange (DEX) aggregator Rage Trade has announced the issuance of its new token ANGER. The launch is happening through a liquidity generation event and token sale on Fjord Foundry, scheduled for August 7th.
The token will be launched on the newly launched layer 1 blockchain Hyperliquidwhich has rapidly gained popularity due to its decentralized perpetual exchange.
Rage Trade currently aggregates platforms such as GMX, Synthetix, Dydx, Aevo and Hyperliquid, allowing traders to manage their positions across multiple blockchains and earn incentives.
During the event, 20 million RAGE tokens will be sold at a fixed price of $0.30, while another nine million will be used to inject liquidity into Hyperliquid.
Additionally, six million tokens have been reserved for future market making and product development incentives.
The token will have a total supply of 100 million, with 20% earmarked for sale and 30% for community treasury. The latter is subject to a 12-month lock-up period and a 24-month linear release.
The “Rage Quit” feature introduces a deflationary mechanismThis allows private investors and recipients of the air launch to receive their assignment after an initial three-month stalemate, accepting a 60% cut.
Rage Trade has chosen Hyperliquid as the platform for its token after the network became the preferred choice of users of the Anger Aggregatorwith over 1,300 users generating $445 million in volume.
Hyperliquid surpasses dYdX in TVL
Hyperliquid, the exchange decentralized based on Referee, recently introduced a new points program, which has catalyzed significant growth in total value locked (TVL) on the platform.
According to data from DefiLlama, Hyperliquid has reached a TVL of $530 million, surpassing dYdX’s $484 million and reaching a new all-time high.
This figure places Hyperliquid in second place among derivatives platforms, just behind GMX, which maintains a TVL of $542 million.
Rounding out the top five platforms by TVL are Solana-based Jupiter with $415 million and Drift with $365 million. Hyperliquid had a stellar year in 2024, jumping from eighth to second place in just six weeks.
This rapid increase was largely attributed to the new Hyperliquid points program, which launched on May 29.
The points program provides for the distribution of 700,000 points weekly for four months. With an additional 2 million points awarded for activity between May 1 and May 28.
Despite community criticism over the decision to extend the incentive program and delay the token launch and airdrop, the platform has continued to attract numerous traders.
From Perpetual DEX to Layer 1
Steven, founding member of Capital Yuntwhich has backed some of the largest cryptocurrency firms, including Zerion, noted that Hyperliquid has distributed approximately 51 million points in four periods.
He further stressed that the project aims to reward its early adopters and move from simply being a perpetual DEX to a true Layer 1:
“The team is clearly making an effort to communicate that Hyperliquid is an L1 and not just a DEX for derivatives.”
Furthermore, he highlighted that the token holders PURSUE were significantly rewarded, with a 23% increase in the token’s value.
PURR was the first spot token launched on Hyperliquid and looks set to continue receiving attention and incentives from the platform.
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