According to Coin Edition, the trading volume of ENA has also surged, increasing by over 10% in the last 24 hours to more than $314.5 million. This surge positions ENA as the 29th most traded crypto based on volume, further highlighting its increasing popularity in the crypto market. The circulating supply of ENA has reached … Read more
BitMEX founder, Arthur Hayes, recently highlighted the remarkable performance of the synthetic dollar protocol Ethena (ENA), noting its price increase despite facing much criticism. “You all who hate, keep watching ENA climb up the ranks. Beat the losers even harder,” Hayes remarked. The surge of Ethena is highly significant, as seen from a post by … Read more
While the primary analysis indicates a bearish outlook, analysts acknowledge there is a scenario in which XRP could continue its current uptrend. For this to occur, XRP must continue trading within its channel and maintain support at this level. However, they point out that the price action has deviated from this pattern, with critical support … Read more
NewsBTC reports that popular crypto analyst Without Worries has shared concerning analysis regarding the price trajectory of XRP. Their analysis, focusing on the performance of altcoins over the past two years, indicates that the price is more likely to decline than to continue its upward trend. The analyst notes that XRP has been trading within … Read more
Gambardello’s prediction aligns with a broader understanding of crypto market cycles. Bitcoin dominance tends to increase during market corrections and consolidations, where investors seek relative safety in the largest cryptocurrency. Conversely, during bull runs, altcoins often outperform Bitcoin, leading to a decrease in dominance as investors chase higher returns. The upcoming decline in Bitcoin dominance … Read more
According to Coin Edition, Gambardello’s charts indicate that these moving averages are nearing a crossover once again. Data also suggests that Bitcoin dominance is approaching its peak, showing signs of losing momentum. As a result, the analyst predicts the potential decline in BTC dominance, indicating a shift in investment from Bitcoin to altcoins or a … Read more
Analyst Gambardello predicts the beginning of altcoin season, accompanied by a significant decrease in BTC dominance. He presents graphical analysis of the dominance trends of major coins from 2017 to the present, highlighting the inverse relationship between BTC dominance and the altcoin market, especially during periods of high volatility. The analyst’s presentation details how BTC … Read more
Furrever Token is a new cryptocurrency currently in its presale phase, distinguished by its unique cat-themed approach designed to make the crypto experience fun and engaging. Operating on the BNB-20 blockchain, Furrever Token has a total supply of 9 billion tokens and has already raised over $1.1 million in its initial presale stage. The token’s … Read more
Standard Chartered Bank recently expressed bullish projections for Bitcoin, suggesting that significant capital inflows into crypto assets could drive Bitcoin and Ethereum prices to new highs. According to the bank’s analysis, a substantial influx of between 2.39 million and 9.15 million ETH, equivalent to $15 billion to $45 billion, could occur within the first year … Read more
Bitcoin and Ethereum have long been the cornerstones of the crypto market. Their market movements often set the tone for the entire crypto space. Recent analysis highlights several reasons to be bullish on Bitcoin, including its current position in a consolidation zone, favorable on-chain metrics, and technical indicators like the Puell Multiple and MVRV Z-score. … Read more
The mainnet blockchain Avail is structured around three primary elements within the Avail Unification Layer framework: Avail DA, Avail Nexus, and Avail Fusion Security. 1. Avail DA (Data Availability) The Avail DA serves as the base layer (Layer 1) of the blockchain, offering a scalable and distributed network. This layer ensures that all relevant data … Read more
Arjun stated that the mainnet blockchain is also targeting the Southeast Asian market, noting the high interest among developers in the region in the Web3 sector, partly due to the exciting job opportunities it offers. “Southeast Asia is at a point of impressive growth, where a strong work ethic drives many people to contribute. The … Read more
“The Unification Layer (consisting of the base layer Data Availability [DA], interoperability layer Nexus, and network layer Fusion Security) is designed to create a secure, scalable Web3 experience, connecting users across all ecosystems,” said Anurag Arjun, Co-Founder of Avail, in a recent statement to the media. Founded by former Polygon Co-Founder Anurag Arjun and former … Read more
The primary developers of the Avail blockchain have announced that their mainnet will be launching in the coming weeks. This blockchain, which is touted as a powerful solution to address the challenges of rollup technology, is also targeting developers in the Southeast Asian region. The Web3 era, characterized by the rapid, complex, and diverse development … Read more
The retesting of the price floor is crucial for investors as it can shift their profit-loss status. Investors currently in a loss might take the opportunity to exit at break-even, potentially causing resistance. Conversely, investors seeking gains might buy more during the retest, believing in future profits, thereby providing support. The strength of resistance and … Read more
A graphical representation from IntoTheBlock illustrates the distribution of addresses based on their acquisition prices. The size of each dot on the graph corresponds to the number of addresses that bought PEPE within a specific price range. Most of the larger dots appear below the current market price, indicating that the majority of investors are … Read more
The recent significant rise in the price of the memecoin PEPE has resulted in substantial gains for nearly all investors. On-chain data reveals that 96.36 percent of PEPE investors are currently in profit, showcasing the extraordinary rally this cryptocurrency has experienced over the past week. Majority of PEPE Investors Enjoying Profits Bitcoinist reports that crypto … Read more
In a bold campaign promise, former US President Donald Trump has pledged to fully support Bitcoin and the crypto industry if he wins the upcoming presidential election. Trump firmly stated that Bitcoin would be made in the US, not moved overseas, indicating his intent to create a domestic environment supportive of digital currency growth. Donald … Read more
However, the surge in Nvidia’s stock was not mirrored by the AI crypto token market. Major AI tokens based on market capitalization, including Render (RNDR), Fetch.ai (FET), and SingularityNET (AGIX), all experienced declines over the past week. According to CoinMarketCap data, RNDR dropped by 8.14 percent, FET decreased by 11.39 percent, and AGIX fell by … Read more
Cointelegraph reports that over the last five trading days, Nvidia’s stock has surged by 22 percent, closing at a record high of $1,140 on May 28th. Year-to-date, Nvidia has achieved an extraordinary growth of nearly 137 percent, according to Google Finance. This surge is further supported by Nvidia’s strong first-quarter earnings, which increased by 18 … Read more
In the last 24 hours, cryptocurrency tokens linked to artificial intelligence (AI) have experienced a significant decline, coinciding with a surge in Nvidia (NVDA) stock prices, which rose by over 7 percent on Tuesday (May 29, 2024). Despite this downturn, some crypto traders believe that this trend will not persist for long and anticipate a … Read more
Closely tied to the surge of SOL, BlockDAG has received significant backing from renowned crypto influencers such as Crypto Rick, Crypto Infinity, and Oscar Ramos. Recently, even Michael Wrubel highlighted the immense potential of tier-one companies like BlockDAG emerging during bullish market trends, praising its innovative strategies and promising future in his latest video. “BlockDAG … Read more
Polkadot (DOT) is anticipated to undergo gradual growth driven by technological advancements such as the Sinai update on the Acala network and its significant sponsorship with Inter Miami CF. These developments strengthen its market position, enhancing both functionality and visibility. Projections indicate a stable increase in DOT prices from 2024 to 2030, reaching as high … Read more
Solana (SOL) has recently seen a resurgence of institutional interest after a period of lackluster performance in early 2024. Despite facing challenges, institutional investments totaling $6 million have redirected attention to Solana, contributing to a modest recovery in its market position. The premier crypto had been trading between $126 and $156. Current observations place SOL … Read more
Regarding PEPE’s market value, meanwhile, BlockDAG’s presale broke through $30.8 million when it reached the 14th batch recently. Currently offered at $0.0085 per BDAG, the total amount of crypto sold is claimed to have reached 9.6 billion BDAG and over 6,000 miners. Recently, BlockDAG also announced its intention to implement the Ethereum Virtual Machine (EVM) … Read more
The cryptocurrency market in the meme coin sector has its own enthusiasts, with the current market value reaching $65 billion, a significant figure for assets laden with speculation. At the top of this sector are DOGE, followed by SHIB, PEPE, WIF, and FLOKI. One meme coin that often garners attention is Pepecoin (PEPE), which despite … Read more
In the latest crypto analysis, Financial Expert Ajaib Kripto Panji Yudha stated that Ethereum (ETH) has the potential to surpass the $4,000 mark in the near future, driven by reports that the Hong Kong Securities and Futures Commission (SFC) is considering including Ethereum staking services for Ethereum Spot ETF issuers in Hong Kong. Additionally, he … Read more
Today’s crypto analysis comes from Ajaib Kripto, where the price of ETH is potentially surging towards $4,000, while BTC is testing back to the $73,000 level. Aside from celebrating Bitcoin Pizza Day every May 22, last week saw another significant decision in the crypto asset industry from the SEC following the approval of the Bitcoin … Read more
Parallel to the predictions of Bitcoin’s price and the potential Solana Spot ETF, there’s Furrever Token (FURR), which is claimed to have created a unique and community-oriented position. FURR is a new crypto project that focuses on the meme coin sector. It revolves around cute and adorable cat themes and is packaged with a variety … Read more
The prediction of Bitcoin’s price reaching US$250,000 is also driven by the increasing status and popularity of other cryptocurrencies, such as Ethereum (ETH) and Solana (SOL). Solana, for example, has the potential to have an ETF issued based on its value, similar to ETH, after the SEC approved the trading of Ethereum Spot ETF on … Read more