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Cryptorphic provided a technical analysis of Convex Finance (CVX) on the X post and hinted at a potential reversal. As reported by Cryptorphic, CVX has recently dropped to an all-time low of $1. 80 with a stable support trendline facing at horizontal line. The current pattern of the price is an expanding triangle, which suggests […]
Cardano’s native token ADA has displayed significant volatility compared to 18 other cryptocurrencies. This observation is based on the study of its one-year performance tracked via Bloombergs USD generic price index. The chart shows that ADA often exhibits strong upward momentum during bullish market phases, but struggles to hold onto the gains, frequently posting steeper […]
Ethereum, th scond-lrgst cryptocurrncy, is fcing criticl momnt. Whil som trdrs rmin optimistic bout pric surg, prominnt nlyst wrns tht rching nw ll-tim highs by th nd of 2024 is unlikly. Nick Forstr, foundr of th crypto drivtivs pltform Driv nd formr Wll Strt trdr, ttributs Ethereums wk prformnc to […]
Attorney Fred Rispoli has offered insight into the ongoing Ripple case, easing concerns about a potential SEC appeal. According to Rispoli, even if the regulatory body does appeal, a ruling likely wont be reached before 2026. This long delay offers breathing room for Ripple and XRP to continue thriving. Rispoli also pointed out that the […]
Cardano’s blockchain took a major step forward with the Chang hard fork on September 1, 2024. This marks the networks entry into the Voltaire era, ushering in new governance systems. Users can now participate in decision-making, delegate votes to representatives (DReps), or opt out entirely. But this shift has also sparked concerns among ADA holders. […]
Recently, prominent Ethereum community member Ryan Berckmans highlighted a material update from Base: the platform is going to be increasing its Ethereum Layer 2 (L2) scaling gas target weekly. This has created quite a stir of excitement and concern in its wake, seemingly spelling out that this could mean the capacity of blobs- a measure […]
As a major turn in decentralized finance (DeFi), three whale accounts withdrew 67,897 AAVE tokens worth $9.02 million from Binance within 24 hours. The analytical platform Spot On Chain noted the growing demand for Aave. This comes when cryptocurrency price has risen massively within the past few months placing it as a target for giant […]
Despite the growing negative trend in the crypto market, Helium (HNT) has defied all odds and topped the gainers list. In this ongoing bearish trend, HNT displayed a price surge over the last 24 hours by 2.52% and outperformed major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The
Toncoin (TON) investors are experiencing massive losses due to the instability of the cryptocurrency market. IntoTheBlock data indicates that 9% of all TON investors are profitable at the moment while 86% of investors are in the red. The other 5% of holders are at least covering their costs, which speaks to the current challenging conditions […]
Ranking among the top 5 cryptocurrencies, Solana has a market cap of $61.96 billion. The altcoin has surged…
Upon hitting its all-time low yesterday at $0.2135, the 1INCH token defied the broader market correction by surging…
Arthur Hayes, the founder of BitMEX, has issued a bold prediction about Bitcoins (BTC) future. He believes the cryptocurrency may dip towards $50,000 in the coming weeks but will rebound strongly by late September. This outlook is shaped by a key economic factor, the rising reverse repurchase agreement (RRP), which is linked to the Federal […]
Th Polygon tm hs bgun migrting th MATIC tokn to nw POL tokn. This tokn will now srv s th ntiv gs nd stking tokn for th Polygon PoS blockchin. Morovr, POL will ssum dditionl rols, including block production, zro-knowldg proof gnrtion, nd involvmnt in Dt Avilbility Committs. Howvr, this trnsition coincids with […]
Polygon developers have officially launched the migration of the MATIC token to its successor, POL. After a year of intense discussions within the community, this transition marks a pivotal moment in the network’s journey toward becoming a ZK (Zero-Knowledge) chain and further integrating with AggLayer. The POL token, now the native gas and staking currency […]
Aave (AAVE) is showing signs of resilience as it edges towards potential upward movements. Over the past week, AAVE has seen a modest increase of 1.76%, and over the last 30 days, it has demonstrated a more substantial uptrend, surging nearly 18%. This positive performance contrasts with the broader cryptocurrency market, which has been grappling […]
As most crypto assets struggle to stay afloat, XRP has emerged as a beacon of hope. In the latest insight shared by Santiment, the leading altcoin is the only asset with a positive return, albeit modest at 2.5%. Other prominent assets like Bitcoin [BTC], Ethereum [ETH], Toncoin [TON], and Dogecoin [DOGE] have all experienced significant […]
Ripple’s recent announcement to introduce smart contract functionality to the XRP Ledger (XRPL) has sparked conversations across the community. The plan, spearheaded by Ripple’s CTO David Schwartz, reveals a strategic approach aimed at enhancing XRPL’s utility while navigating concerns raised by stakeholders. The firm outlined a two-pronged strategy to bring smart contracts to XRPL. The […]
Dogwifhat (WIF), a relatively new entrant in the cryptocurrency landscape, has recently been the subject of intense market scrutiny. As of the latest data, WIF has demonstrated notable volatility, with its price experiencing significant fluctuations. According to CMC, Dogwifhat (WIF) is trading at $1.59 with a 1.97% decrease and a
Solana (SOL) has slipped below the $130 mark, marking a 20% decline over the past 11 days. With the current price at $127, the $125 support zone is under significant pressure. This crucial level has acted as a stronghold for bulls in the past. The recent price action hints at deeper troubles. A death cross […]
Ethereum (ETH) staking returns are poised to surpass U.S. interest rates in the coming year. This change could attract investors seeking higher yields, driving Ethereums price upwards. Falling U.S. rates and rising ETH transaction fees are expected to close the gap between staking returns and traditional risk-free rates. Since mid-2023, the spread between Ethereums Composite […]
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