Many digital investors have been predicting an event called ‘Flippening’ in the crypto market. This event postulates that the top coin in the market, Bitcoin, is going to be replaced by Ethereum. Citadel CEO Kenneth Griffin has shared a similar opinion on this matter. Griffin was being interviewed by a media recently when he mentioned…
Avalanche defied the general downward movements in the cryptocurrency market to keep making new gains. Late yesterday the altcoin reached new highs of $146. The token also edged out Dogecoin in the top ten cryptocurrency list. The token grew in value by 20% yesterday to reach these new highs. The move meant the coin grew…
Ethereum’s surge has continued, with a total increase of 50% since the beginning of October. The recent traffic surge implies that Ether’s on-chain and trade data have followed suit, and can provide additional clues to market participants. According to the statistics presented, Ethereum’s network traffic has gotten extra momentum and has begun to catch up…
Binance is considered to be one of the top crypto exchanges in the world and is known to offer a wide range of services to its customers regarding access to digital assets, trading, investment, and withholding of cryptocurrency. In the pursuit of greatness, Binance became the first exchange for having introduced its own crypto token…
The cryptocurrency industry is currently experiencing the largest inflow of funds of all time and this inflow is mainly to Bitcoin. This large inflow into the cryptocurrency industry is coming after the approval of the Bitcoin futures ETF. ETF products are sought after by investors as they are convenient. Most of the inflows has been…
Al Ansari Exchange to join with RippleNet, this was announced yesterday by Ripple. RippleNet is the global cloud based financial network technology of Ripple while Al Ansari exchange is a foreign exchange based in the United Arab Emirates. The Blockchain technology has provided a unique opportunity to send remittances across the world in real-time. Blockchain…
In a day that has seen the price of DOGE increase, traders of the memecoin have also profited from the rise. According to on-chain analysis IntoTheBlock, there’s a significant growth of the network, with transaction size also increasing due to the rise in DOGE price. IntoTheBlock reveals that when there’s a change in price of…
Africa is unquestionably a crypto adoption lead across the globe having a growth of about 1200% during the last year, which is sufficient to make changes to the list of the previous year’s ten most crypto-friendly nations. As per a review published by Chainalysis, approximately a 1200% upsurge has been noticed in the incoming crypto…
On-chain data provider, Glassnode, has revealed that 95% of the crypto market is currently in the green. This comes on the heels of a recent surge in the price of Bitcoin. The flagship cryptocurrency had moved beyond $55k increasing the number of profitable entities by 16%, Glassnode revealed. Glassnode uses this indicator to determine the…
Despite the fact that XRP is at the moment battling it out with the Securities and Exchange Commission, the global entanglement for Ripple remains strong. Rosa Rios, who is a former US treasurer and currently serving as one of Ripple’s board members, shared on social media that XRP is a cryptocurrency with the primary purpose…
Despite recording an all-time-high this week, Elon Musk’s much-talked-about crypto Dogecoin witnessed a decreased level of transactions for the first time since 2017. According to BitInfoCharts data, the meme coin dropped to 16k daily transactions, a figure that contrasts the rise in DOGE. The last time DOGE had a price frenzy in the market was…
Briefly – UNI’s price faced obstacles around $21.51, slowing down its recovery. RSI displays a bullish divergence, indicating a 20% upsurge. Meanwhile, breaking under $18.37 will nullify the bullish case. Uniswap sees it price ready for consolidation after meeting a massive resistance obstacle on its path to recovery. Though the slowdown in momentum might be…
In a Newsweek survey conducted earlier on Monday from various states in the country, more than 42% of Texans will want the state to enact crypto-friendly regulations. According to the poll, the Texans advocating for the regulation of the crypto industry discussed the possibility of legalizing crypto. This poll comes when U.S. officials are debating…
Naomi Osaka, one of the biggest stars in the world of professional tennis, recently talked about her interest in cryptocurrencies, specifically Dogecoin (DOGE). She had also previously launched her own non-fungible token (NFT), thereby joining the growing list of celebrities who have recently become actively involved with the NFT industry. Osaka interested in DOGE Osaka…
ETH price surge has attracted interest from investors towards various ETH derivatives. Glassnode data shows that institutional investments in ETH futures reached new peak levels yesterday, surging past the previous peak level of $11.28B to $11.7B. Carry Trading And Ether Futures A top executive with n.exchange, Gustavo De La Torre, said that the value has…
In Australia, crypto exchange giants, BTC markets, and a local bank, Volt, have announced a partnership. The local bank will be volt users’ fiat managers for the local currencies. Users Can Perform Settlement Transactions Easily Users can perform settlement transactions on the country’s fast payment platform, the new payments platform. The exchange’s CEO said, “our…
The recent swarm of cyber-attacks has apparently upset blockchain networks’ and crypto exchanges’ security systems; thus, the management of Cardano Foundation invites hackers to participate in a hackathon to win bounties. Cardano’s notable vulnerabilities In an announcement on Thursday, it has been disclosed by the foundation that collaboration had been made between it and KackerOne…
Briefly – Chainlink joins the best-performing alternative tokens at the moment, its price jumping towards $34. The alt’s market capitalization makes a historic move, crossing $15 billion after battling under the mark since mid-May. Though LINK remains far from the record ATH, it receives recovery sentiments because of increased institutional and retail interest. The altcoin…
As Bitcoin appears to correct in the price charts, the alt market registered mixed patterns. Tezos (XTZ) lost 1.8%, struggling to hold over its closest support at $5.26. MATIC dropped more than 4%, nearing the price floor at $1.38, regardless of reversal signs. Lastly, BitTorrent increased by 18.3% as it targets to explore the price…
Briefly – MATIC price appears ready to move to $1.63. Breaking past this resistance can trigger another bullish run. The token’s price will have to maintain over $1.24 for a sustained bullish move. Polygon (MATIC) seems ready to start a new upside move as the asset builds a crucial bullish pattern. Moreover, whales are accumulating…
Briefly – AVAX has struggled over the previous week. The crypto formed a declining wedge shape. 100 MA serves as the alt’s support. Avalanche (AVAX) had registered healthy surges over the past weeks, increasing by more than 200%. With these actions, AVAX attained a new high after battling for many months. The crypto project has…
