28 Mar, 2025

Crypto Analyst Predicts Massive Altcoin Rally in 2025

The cryptocurrency market is rebounding from its March downturn, and analysts are now tracking a potential altcoin breakout. While investor sentiment remains cautious, technical indicators suggest that altcoins could be on the verge of a major rally.Fibonacci Patterns Hint at Explosive GrowthCrypto analyst Crypto Rover has identified a critical price formation that mirrors the 2021 bull run. Currently, altcoins are moving between Fibonacci levels 1 and 1.272, a zone that previously acted as a launchpad for a massive market expansion.🔹 In 2021, once altcoins broke past the 1.618 Fibonacci level, the total market cap skyrocketed from $240 billion to $1.8 trillion.🔹 Now, in 2025, a similar setup is emerging, with altcoins facing key resistance.If altcoins successfully breach this resistance, historical data suggests they could experience another exponential rally. Some projections indicate that the total altcoin market cap could surge toward $9 trillion.Market Sentiment Remains UncertainDespite these promising indicators, the Fear & Greed Index remains in the fear zone, signaling hesitation among traders. However, past market cycles have shown that periods of fear often precede strong market recoveries.💡 Could this be the calm before the storm? Investors are keeping a close eye on sentiment shifts, as any improvement could accelerate an altcoin surge.Bitcoin’s Market Dominance and the Altcoin Season IndexA key metric determining altcoin strength is the Altcoin Season Index, which tracks the performance of the top 50 altcoins relative to Bitcoin.📉 Current Altcoin Season Index: 18 (far below the 75% threshold needed to signal an altcoin season).📈 Bitcoin Market Dominance: 62%, indicating that Bitcoin remains the preferred asset.Historically, altcoins outperform when Bitcoin’s dominance starts to decline. If Bitcoin’s grip loosens, the capital flow into altcoins could trigger a major shift in market dynamics.Will 2025 Be the Next Altcoin Boom?The altcoin market remains at a crossroads. If key resistance levels break and investor sentiment improves, a significant rally could unfold. However, until then, the market waits for confirmation.

24 Mar, 2025

Crypto Visa Card Startup Rain Raises $24.5 Million From Norwest, Galaxy and Coinbase Ventures

Quick Take• Crypto Visa debit and credit card issuer Rain has raised $24.5 million in a funding round led by Norwest Venture Partners.• The firm is focused on providing consumers with a way to spend stablecoins with limited friction.Crypto Visa Card Startup Rain Raises $24.5 Million From Norwest, Galaxy and Coinbase VenturesAmid a broader trend of web3 firms attempting to make it easier for people to spend their crypto on everyday services, Visa card issuer Rain said Monday it had raised in a funding round led by Norwest Venture Partners.Rain appears particularly interested in providing consumers with a way to spend stablecoins with limited friction, according to a social media post announcing the new funding. "As stablecoin adoption continues to grow — powering diverse use cases such as cross-border payments, remittances, and dollar-based savings — so too does the demand for frictionless spending of stablecoins in everyday transactions," the company said in its announcement. "Rain is prepared to meet that demand. After 15x revenue growth in just 12 months and payments now processed in 100+ countries."While stablecoin supply and transfer volumes continue to grow, that also appears to be a renewed push to make it easier for crypto holders to spend their digital assets easily on everyday goods and services. Last year, stablecoin transfers surpassed the combined transaction volume of Visa and Mastercard. Earlier this month, the crypto payment platform RedotPay raised $40 million. Also this month, Mesh, the developer of a web3 payments system that streamlines transactions involving crypto assets and merchants' settlement requirements, raised $82 million."Powered by our Visa Principal Membership and our unique blockchain infrastructure, we’re accelerating the global rollout of stablecoin-enabled card issuance, unlocking faster, more efficient payments," Rain said on Monday.Other investors in Rain's latest funding round included Galaxy Digital, CompoSecure, BDMI Fund, Coinbase Ventures, Lightspeed, Goldcrest, Thayer, and Hard Yaka.In 2022, Rain raised $6 million in seed funding.