Cardano has been steadily declining since the start of the year, dropping from a high of $1.60 in January. Although there have been a few brief improvements, the trend is still downward generally. For the past month, it has been consolidating while the other cryptocurrencies around it have fallen. Many investors are assessing Cardano, the...Read More
The LUNC price’s strong upswing that is maintained throughout the week was recently challenged by the shaky Bitcoin price actions. However, the asset has managed to resume the uptrend despite the BTC price continuing to trade below $20,000. This displays the extreme strength of the coins and their tendency to reclaim the lost positions at...Read More
The coming year will be critical for cryptocurrency, according to Charles Hoskinson, the developer of Cardano (ADA), as the government makes game-changing decisions for the sector. Hoskinson spoke to guests at the Cardano Community event how the cryptocurrency industry has substantially changed since the creation of Bitcoin (BTC). According to him, Bitcoin had no value...Read More
Regardless of the fact that the entire cryptocurrency market is in the red zone today, the failing USTC stablecoin (UST Classic) from the controversial Terra program is up 90%. USTC lost its peg to the US dollar in the month of May and went beneath the level of one dollar. However, through its quick development,...Read More
Cardano‘s price is pretty down in the weekly chart for almost half a year being unimpacted by the bullish market trends. No doubt, ADA price did attempt to pull a massive leg up multiple times but eventually failed to hold above the gained levels. However, amidst the bearish cartel being outspread within the space, Cardano...Read More
Solana price gained a huge bullish momentum ever since the co-founder announced the plans of rolling out an SMS platform & Android phone. The price which had broken the falling wedge had broken out of the descending consolidation and rose high a week ago. However, the recent positive announcements did give the asset a larger...Read More
Ethereum‘s price recently showcased some strength and recorded some short-term bounce that uplifted the price above $1100. However, the false weekend jump that recovered nearly 25% of the losses could all go in vain as the asset is about to drop hard marking new lows very soon. Interestingly, the buyers and the sellers are in...Read More
The coin market has been sailing through treacherous conditions and torrential woes. While most cryptocurrencies have faced the wrath of turbulence. Stablecoins seem to have performed better and are proving to be an ideal choice during market calamities. However, not everything is fine with this category either. Marketers, hoping for a quick rebound, are wishful of...Read More
It is a known fact that the crypto space is now in the middle of a notable bear market which is yet to find its bottom. The star crypto, Bitcoin, currently appears struggling to restore the last line of defence above $20,000. In such a case, the crypto market tumbles down heavily and at the...Read More
The adverse price developments in the cryptocurrency space only intensified in the past 24 hours, with new weekly, monthly, and even yearly lows registered from many altcoins. With double-digit drops evident across many charts, it’s no wonder that the daily liquidations have shot up above $500 million. It’s safe to say that the crypto market...Read More
The Crypto bear market is currently dealing with a bunch of uncertainties in the price. One of the Crypto analysts has made his outlook for Solana (SOL), Avalanche (AVAX), Chainlink (LINK), and ApeCoin (APE) aiming at all the uncertainties the market is dealing with. Solana Price The Pseudonymous crypto trader Altcoin Sherpa told his 176,500...Read More
Following the $60 billion Terra ecosystem’s catastrophic downfall in early May, Tron has risen to become the third-largest blockchain in the decentralized finance industry (behind only Ethereum and BNB Chain). Justin Sun, the founder of Tron, recently informed Bloomberg that the USDD (USDD) stablecoin would be modified to avoid a Terra-style collapse. Overcollaterization of the...Read More
Despite all of the turmoil surrounding stablecoins over the previous month, Tron’s USDD has made substantial progress. The stablecoin has hit some significant milestones since its introduction exactly one month ago. USDD has been promoted to the ‘first over-collateralized decentralized stablecoin,’ according to the TRON DAO Reserve. The currency has a total circulating supply of...Read More
The crypto space, ever since the beginning of 2022 trade, displayed its misty behavior and due to which many traders still remain aloof. Just after a minor spike, most of the assets experience a drastic dip, whipping out the gains of the past couple of days. Therefore, now that the bears appear to have become...Read More
While the South Korean government intensifies its inquiry into Do Kwon and the Terra crash, a closer examination of legal issues reveals some surprising insights. Do Kwon and Terraform Labs are the focus of lawsuits, and tax evasion allegations have been issuing against them. Do Kwon Under Legal Scrutiny The government of the country also...Read More
In the midst of this week’s market turbulence, a crypto trader who is pseudonymously known as Altcoin Sherpa is expressing his view on Ethereum price and other altcoins. Avalanche (AVAX) The analyst informs his 176,300 Followers on twitter that the native currency for smart contract platform Avalanche (AXAX) may see a nice short-term trading option...Read More
The popular play-to-earn token Axie Infinity (AXS) dropped heavily after a magnificent rally of close to $30 during the last trading day. The asset reached a three-week high but eventually failed to hold the gains and corrected by more than 18.5% since the early trading hours. Moreover, it is currently posing more possibility of a...Read More
The collapse of the Terra stablecoin posed a number of challenges for stablecoin networks. While some stablecoins have been put to the test after the UST crisis, others have remained consistent. Despite a recent downturn in the market, the TRON (TRX) cryptocurrency has managed to maintain its momentum. The TRX token has risen to the...Read More
Terra 2.0 went live a couple of days before, launching a new chain with a new token LUNA, while the old token was rebranded as TerraClassic (LUNA). Despite huge criticisms, Do-Kwon, the founder of Terra went ahead with his proposed revival plan and launched a new chain. It was expected that the influx of liquidity...Read More
The Shiba Inu pricing indicates that there is a start of a bull run, yet a green candle needs to pop in for confirmation. But SHIB will receive the necessary validation if it retests the immediate barrier before a minor uptrend. While technical analysis provides part of the truth, fundamental analysis completes the picture. The...Read More
Pseudonymous trader Capo to his 323,500 twitter followers says that demand for bitcoin at $28,000 is nearly exhausted as BTC bears to continue to stack massive sell orders above $29,000. A closely tracked crypto strategist who builds a following with his bearish calls says it is almost time for leading digital asset Bitcoin (BTC) to...Read More
Bitcoin’s price fell far below $30,000 on Friday, and other cryptocurrencies were also trading in the red. Ethereum, the world’s second-largest cryptocurrency by market capitalization, has dropped more than 5%. The worldwide cryptocurrency market was down 4.46 percent over the previous day on Friday, May 27, and was at $1.19 trillion at the time of...Read More
After the lesson learnt in the past fortnight, Terra is all set to become the fully-community owned chain to empower the ecosystem. While centralized exchanges like Binance, ByBit, etc are reportedly working closely with Terra for the LUNA 2.0 airdrop. On the other hand, the South Korean exchanges strongly ignore the LUNA 2.0, which may...Read More
As BTC gets rejected from $30,000 and ETH slides below $2,000, the broader crypto market is deep in the red zone. As of now, half of the top 30 cryptocurrencies are 80% (or more) down from ATHs. Altcoins in Bloodbath After major cryptocurrencies hit ATHs last November, with Bitcoin touching the $69,000 level at one...Read More
Anchor Protocol (ANC) Anchor Protocol’s recent market bullish sentiments are rising and were intending to outperform the entire crypto space earlier. And hence currently it appears that The asset is currently up by more than 78%, while the broader markets are experiencing extreme selling pressure. Over the past couple of days, ANC price earned a...Read More
Last week, the cryptocurrency market went through one of the barbaric blood baths where except a few cryptocurrencies, almost every cryptocurrency had a fall of double-digit percentage. Like many other cryptocurrencies, even Cardano bulls have been facing pressure after the May 12th crypto crash. At the time of publication, Cardano’s ADA is trading at $0.526...Read More
As huge turbulence was hovering within the space that the Terra executive had not handled the crisis in a proper way, the founder Do Kwon came up with a relief plan. As per the relief plan, the existing ecosystem would become Terra Classic with the token named LUNC. And the newly created chain would be...Read More
In a recent update, the proposal to fork the current LUNA chain into LUNC has been strongly opposed by their own community. The proposal is said to have received huge negative reactions as they mainly intended to create a new chain without the algorithm stablecoin. On the other hand, the community believed burning LUNA tokens...Read More
Shiba Inu price research analysis shows that the altcoin is still in a downturn, as Shib-bulls struggle to build the necessary momentum for a turnaround. As a result, the altcoin is anticipated to continue the downward trend in the coming days. However, as market volatility decreases, the resistance and support levels move closer together, making...Read More
The altcoins in the recent past have manifested extreme bearish conditions due to the volatility within the crypto space. If the star crypto Bitcoin falls by 1%, the altcoins tend to drop by 10%. And hence now when Bitcoin is below its ATH by more than 60%, major altcoins are nearly 92% to 94% distinct...Read More
