The XRP price faced a minor pullback as the rounds of a potential hack of 213M XRP worth more than $112M surfaced within the crypto space. Following a clarification from the Ripple co-founder, Chris Larsen, that there had been a breach to his ‘personal wallet’ and not the company wallet, the price stabilised to some...Read More
Manta Network continues to grow despite the bearish pressures, as the bulls seem confident of reaching the higher targets. After the recent retest, MANTA appears to be ready for higher breaking out in the lower time frames. But the token managed to withstand the upward pressure, which paved the way for the bulls to initiate...Read More
Ethereum is among the cryptos that trade with acute strength, maintaining a significant upswing ever since the trend flipped at the beginning of 2023. The bullish push in the last few weeks has induced notable strength in the second-largest token, which is again approaching the pivotal resistance level. Previously, it faced a massive rejection that...Read More
The cryptocurrency market is abuzz with the latest sensation – WEN, a meme coin thriving on the Solana platform. Boasting a remarkable 30% surge, WEN’s daily trade has witnessed a substantial 42.64% increase, outpacing even the famed Shiba Inu. This surge has propelled WEN’s price to $0.0001454, causing ripples in the meme coin universe. Here’s...Read More
The crypto markets appear to have approached a crucial phase of times wherein a small wrong step may ease out the accumulated bullish pressure. After facing a minor pullback, the cryptos have triggered a tiny rebound that indicates the tokens could be following a recovery phase in easy instalments. Although the entire market appears to...Read More
The crypto markets have evolved in the past few years as the latest tokens are gaining more attention and adoption than the other traditional altcoins. The top 10 cryptos have been growing marginally ever since the markets flipped during the last quarter of 2023. Although market trends rebounded in the first few days of 2023,...Read More
The year 2024 has spooked traders to a large extent, as the star crypto displayed both the possibility of a bullish continuation and a bearish reversal within a month. The BTC price is again on an attempt to print a massive bullish candle that was recorded during the first week of the year, suggesting a...Read More
In recent times, Solana (SOL) has gained significant attention as its price has steadily rebounded from recent lows. This upward momentum followed Bitcoin’s surge toward the $40,000 level. However, amid this bullish sentiment, there has been a decline in Solana’s on-chain metrics. This decline is seen by a noticeable decrease in transaction fees, triggered by...Read More
In the wake of Bitcoin’s impressive rally toward the $40,000 mark, there’s a notable uptick in the meme coin sector, particularly seen in the increased buying interest for leading meme coins like Dogecoin and Shiba Inu. These meme coins have bounced back from their previous lows and are now targeting higher resistance levels. Additionally, the...Read More
The recent Bitcoin (BTC) pullback below $40,000 has dragged almost the entire altcoin industry in the past 24 hours leading to Tuesday. The sudden drop in the crypto price has resulted in the liquidation of more than $247 million from leveraged traders. The heightened selling pressure emanates from Bitcoin, whereby crypto whales have sold more...Read More
XRP, Ripple’s digital currency, is facing challenges as it struggles to sustain a value above $0.57 and break through the significant barrier of the 200-day Exponential Moving Average (EMA). XRP is down 3.81% in 24 hours to $0.5308. The cryptocurrency has lost 6.8% of its market value in the past week. Despite a prolonged correction...Read More
Nearly two weeks after the approval and listing of several spot Bitcoin exchange-traded funds (ETFs) in the United States, it is safe to assume that the event had already been priced in during the fourth quarter of 2023 Bitcoin (BTC) bullish breakout. Furthermore, the recent accelerated Bitcoin selloff by whale traders, short-term holders, and miners...Read More
The meme coin sector remains under bearish pressure as Bitcoin experiences a significant decline, threatening to drop below the $40,000 level. In this situation, the price of Shiba Inu (SHIB) is caught in a downward consolidation trend, facing a low open interest. Despite positive factors like encouraging SHIB burn statistics and continuous network improvements, there’s...Read More
The crypto industry is on the verge of concluding the week on a bearish note as the market has recorded four out of six red days this week. Further, the hype of the ENS price seems to have faded away as the price has been constantly displaying bearish moves since its high of $26 this...Read More
For the first time since September 2023, Bitcoin (BTC) price has consistently closed below the daily 50 Moving Average (MA), thus indicating potential reversals in the near term. The short-term Bitcoin’s bearish outlook is propped up by the possible weekly double-top in addition to the falling divergence on the weekly Relative Strength Index (RSI). Additionally,...Read More
Flare token has encountered substantial volatility in recent hours as short-term holders capitalized on the recent price rally. FLR token’s price quickly broke above resistance levels following Google’s cloud division (GOOGL) announcement of its participation as a validator and infrastructure provider on the Flare blockchain. However, this surge met considerable selling pressure near the resistance,...Read More
The next 24 months will be extremely exciting for the cryptocurrency industry which is well described by intense speculation from global investors. The approval of 11 spot Bitcoin exchange-traded funds (ETFs) in the United States has opened floodgates to billions of dollars proliferating into the cryptocurrency market, thus improving the existing liquidity. Furthermore, any investor...Read More
Cardano (ADA) network, a top-rated layer one (L1) blockchain with about $350 million locked by its web3 protocols, is on the final stretch of invalidating the 2022/2023 bear market. Following the 70 percent December breakout, Cardano bulls have enjoyed the upper hand, bolstered by the ongoing altcoin recovery. Moreover, the medium-capped altcoin, with a fully...Read More
The crypto industry has displayed a positive uptrend by adding over 7% to its valuation over the past day. Further, the Algorand price has displayed a jump of over 7% within the past day but has lost over 19% over the past week. The ALGO price traded in a consolidated range between $0.1823 and $0.2080...Read More
Following the breakout of the prominent weekly resistance trendline, the SHIB price takes a short stroll above the $0.00001025 level. However, the overhead supply force quickly leads to a retest phase in the first week of January 2024. With a possibility of a bullish failure due to the market-wide fall, Shiba Inu stands at a...Read More
In the long term, the Cardano price appears to be in the middle of a parabolic recovery, aiming to form a new ATH at the neckline of the curve. Besides, the technical analysis suggests the rally may encounter some bearish action in the coming days. However, the whales appear to have smelt some bullish signals...Read More
As the research report of Matrixport analyst Markus Thielen emerged, the Bitcoin (BTC) price suffered a flash crash. The report suggested that the SEC could reject all the ETF applications, which stands in contrast with the other reports. This caused nearly $2 billion of OI to be wiped out of the markets, and more than...Read More
Top cryptocurrencies have displayed a positive start to the year as the industry has witnessed a jump of over 5% in its valuation within the past 24 hours. Further, the LDO price has jumped over 11%, making it one of the top gainers in the crypto space for the past day. The Lido Dao price...Read More
Speeding up on New Year’s Eve, the GRT price shows a quick overnight rise of 3.20% to tease a bullish comeback. With the strong support at a Fibonacci level leading to an engulfing candle, the Graph token prices may soon continue the prevailing trend. Despite the lethargic pace of the Bitcoin trend, the overnight fightback...Read More
The Bitcoin price continues to consolidate within the predetermined region, suggesting the token could continue to exhibit a repetitive price action. As the year-end trade is on the horizon, the star crypto is believed to maintain a sideways trend, as the upcoming spot Bitcoin ETF is expected to have a greater impact than the yearly...Read More
This year witnessed a significant growth in the crypto market, with its total cap doubling. Starting from a low point of $800 billion, the market cap recently peaked at $1.7 trillion, marking the highest level since early May 2022, nearly 20 months prior. Interestingly, this surge is not mainly driven by Bitcoin, as seen in...Read More
With another eventful week in December ending, let’s delve into a comprehensive analysis of the recent market trends. This week has been a mixed bag, with altcoins showcasing remarkable resilience and strength while Bitcoin consolidates after the recent gains. The altcoin sector, led by tokens like Solana (SOL), has seen impressive growth, with some tokens...Read More
This week began with a downturn in the market, but it has since shown significant recovery, with Bitcoin approaching the $44,000 mark. As a result, major altcoins are seeing a surge in investment, aiding them in surpassing key resistance levels. As the year draws to a close, the upcoming week could bring increased volatility, potentially...Read More
The BRC-20 tokens have gained significant momentum in recent times as major tokens have displayed massive price action during this month. Further, the ORDI price has added over 18% to its portfolio within the past day, indicating a trend reversal in the market. The ORDI coin price traded in a closed range between $18.550 and...Read More
Venture capital powerhouse a16z has unveiled a comprehensive report for the crypto industry in 2024, focusing on the accelerated adoption of NFTs, the evolution of gaming finance, and advanced blockchain solutions like zkSync. Decentralization, User Experience, and AI Blockchains The report emphasizes the importance of decentralization to distribute power away from central authorities, fostering competition...Read More
