Fantom (FTM) is among the ETH-layer1 competitors that have trended recently. The weekend had the altcoin rallying higher towards $3.40, registering another ATH. That came after FTOM noted a stable 15% upsurge on 16 January yesterday. According to on-chain analytic firm Santiment, Fantom’s funding rate on sites like Binance turns negative, showing massive shorts. Nevertheless,…
Most top alt, including DOGE, MATIC, LUNA, and DOT, gained more than 15% over the week. Meanwhile, Near Protocol saw its native coin NEAR surging over 35% as the Layer1 network witnessed intensified competition. Bitcoin noted a tide shift this week, rising past the psychological level of $42,000. That comes after the leading crypto lost…
Shiba Inu shows signs of life amid positive developments following listing by Mexico’s leading crypto exchange Bitso. Nevertheless, SHIB enthusiasts should watch whether SHIB will keep the momentum or repeat actions seen after the Kraken listing. CoinDesk reports show Shiba Inu gained 16% today, Thursday. That comes after Bitso listing and Robinhood listing rumors. Indeed…
VeChain and Tron broke out of reversal patterns as Bitcoin’s 4hr RSI secured a close past the midline after hovering beneath the level for fourteen days. As VET reclaimed the critical level at $0.076, Tron crossed the short-term 20-Simple Moving Average obstacle. The broad market flashed bullish moves over the last day. However, more volumes…
AXS plunged under a vital technical support zone. Axie Infinity might see another retracement, losing 16 – 30%. Expect recoveries back past $85 if the bulls gather for upside action. Axie Infinity (AXS) appears in a rough condition and accelerated downtrends at the start of this year. Market players seem not interested in the token…
Ethereum gas charges surge as NFTs saw tremendous growth in 2022’s first week. Non-fungible token projects on the Ethereum platform have reached nearly 250,000 transactions. A technical indicator shows that Ether bulls, contemplating reversing the underperformance period. Non-fungible tokens (NFTs) present continuous growth after tremendous upswings last year. The top NT market registered more than…
Though Bitcoin lost more than 10% in January’s first week, it is not the only digital token that seemed to start the year on a ‘wrong’ foot. Solana, one of 2021’s best performers, appeared to undergo a somewhat challenging time. The downbeat in the overall crypto space dragged SOL price down on the charts. That…
Kazakhstan saw protests recently following increasing electricity costs. The nation’s leading telecommunications provider halted internet access. BTC mining hashrate declined by 13.4% after the internet shutdown. Reports indicate Kazakhstan saw an internet shutdown on 4 January after fuel protests. That disrupted communications in the country on 5 January. Though the nation’s reigning cabinet resigned, shutting…
According to data, Compound’s (COMP) price has observed a 4.86% increase in the past 24-hours. It is because of the rise that the price of Compound is now sitting at $214.09 per COMP. The trading volume observed by Compound in the same period is worth $102,453,437, showing there is 498,190 COMP in circulation. In the…
ADA price has printed a bottom reversal formation, indicating a possible 14% hike. On-chain data confirms the potential surge, but ADA will hardly sustain the rally. Breaching the support floor at $1.20 will erase the bullish narrative. Cardano’s (ADA) price has created a bottom reversal setup, suggesting a potential trend shift. Bouncing off the closest…
BTC launched a consolidation phase inside the $48,500 – $48,000 resistance range. Bitcoin’s price wavers beneath $48,000 and 100-hourly Simple Moving Average. The hourly chart indicated an incoming connecting bearish trend-line with resistance at $47,600 (Kraken data feed). Failure to rise past the $48,000 obstacles might translate to colossal plummets. Bitcoin struggles to reclaim price…
Binance CEO, Changpeng Zhao, took to Twitter to reveal that the company that they registered with Canadian authorities had been approved. The company named Binance Canada Capital Markets has been licensed to operate a list of financial services. The license gives the company rights to operate for the next 3 years. Binance is expanding its…
Among the newly-listed cryptocurrencies, it is Animaltycoon (AMT) that has demonstrated the worst performance since its debut. From the time of its debut, Animaltycoon has exhibited over 98% plummet in its value. As a result of the plummet, Animaltycoon’s price is now at $0.000002943 per AMT. The trading volume observed by Animaltycoon from the time…
Ethereum based Blockchain network, the Polygon protocol has revealed how it had secretly patched a system vulnerability that could have seen it lose all its MAFIC tokens for good. The one constant in the crypto Blockchain tech is system vulnerability and inherent bugs. All systems leveraging Blockchain networks are indeed vulnerable as it is one…
A man accused of committing a scam of crypto investment type has been apprehended by the Police in Bangkok. Police in Bangkok has arrested an individual whom the police believe is involved in a crypto scam of investment. The arrested man is about 50 years old and his name was told to be “Mana Jumuang”….
For delaying the “Ice Age” impact, Ethereum has several times upgraded protocols for the purpose. In recent times, Ethereum has employed an upgrade called “Arrow Glacier” and bought a further six months’ time to avoid the impact. While the impact has been delayed but also the profit-making for Ether miners too has skyrocketed. Nowadays, Ethereum…
Eswar Prasad, a professor and author at Cornell, has disclosed that the primary cryptocurrency, Bitcoin, may not endure for long. The academic who authored a book on the digital asset revolution disclosed this in an interview with CNBC. Ever since it hit its current ATH in October, Bitcoin has been going through a bearish spell…
The UK’s MPs (Members of Parliament) have requested the FCA (Financial Conduct Authority) to restrict the utilization of the terms “investment” and “invest” by crypto companies for promotional objectives. As per a report published on 9th December by The Times, it was informed by the treasury select committee’s MPs to Nikhil Rathi (the chief of…
Crypto market conditions may not be looking as sharp as they should be while the year is about to reach its eventual end. However, the chances of flipping the ordinary-looking conditions into ‘extra-ordinary’ ones need unusual circumstances such as a ‘miracle’. Bitcoin commenced this week with a price tag of US$ 51,000 plus while only…
New Year Token (NYT) is currently the top-performing token in the crypto-market industry. New Year Token’s price has increased by 431.63% in the past 24-hours. Following the increase, New Year Token’s price has moved up to $0.0182 per NYT. As of now, the 24h trading volume for New Year Token is $1,747,239, moving up by…
When the digital currency economy was declining from the second week of December 2021, the economy of Stablecoin was earning value gains which, as of now, has increased by more than 3.5%. Resultantly, the market cap of stablecoin has gone past US$ 167 Billion in total which makes up 6.5% of the entire crypto economy….
In the words of Michael Saylor, nothing can stop Bitcoin is becoming the most valuable asset in the times to come. He is positive that a day will come when a million-dollar wouldn’t be enough to buy a single piece of Bitcoin. In fact, the purchase would have to pay at least US$ 6 Million…
A notorious trader of cryptocurrency, Jordan Belfort, known as “the Wolf of Wall Street,” criticized $SHIB (Shiba Inu) and $DOGE (Dogecoin), along with others, to be illegal. The Sun conducted an interview in which Belfort stated that $SHIB, as well as $DOGE, did not have any value or else any utility, and they were put…
World Trade Centre in Dubai is going to host crypto within by transforming itself into a “Crypto Zone” – a place exclusively for cryptocurrencies and crypto service providers. For commencing the project, Dubai has sought assistance from known crypto exchanges and the first exchange which has assured its services for the completion of the project…
Nayib Bukele is making headlines once again. Unsurprisingly it is for recent remarks against his administration’s detractors concerning their Bitcoin stance. The leader who likes to call himself the CEO of El Salvador took to Twitter to make the bold claim that fiat currencies are finished. Details Of The Tweet The President explained that the…
