Optimism Layer-2 Is Upgrading: Is This What Bulls Want?
Optimism, one of the most popular Ethereum layer-2 platforms, will release the Bedrock upgrade on June 6, 2023. Optimism Upgrading Via Bedrock In Early June The layer-2 provider on Ethereum says the release is “highly anticipated” by the community
Solana Co-Founder Pitches New Way Of Meme Coin Distribution
The co-founder of Solana, Anatoly Yakovenko, has suggested a new way in which meme coins should be distributed at their launch via Twitter. With this, Yakovenko addresses the problem that a large portion of all meme coins are scams and rug pulls…
The token of the layer-2 solution Arbitrum, ARB, is one of the best-performing cryptocurrencies within the top 100 by market cap over the past seven days. With a gain of 8.5% despite the heavy drawdown in the broader crypto market, the Arbitrum…
Will Dogecoin (DOGE) Break Free From Limbo? Market Awaits Bullish Catalyst
Dogecoin (DOGE) finds itself in a curious state of limbo. As the once frenzied sell pressure subsides, the market sees the bulls hesitating on the sidelines, uncertain of their next move. While DOGE’s price action continues to captivate the…
Bitcoin Price Analysis: Here’s What’s Holding Back A Rally To $30,000
The Bitcoin price remains in a crucial situation in which neither the bulls nor the bears have been able to gain the upper hand so far. While the bears feel comfortable that they can push the price below $25,000 due to a perceived head and…
Floki Inu Scores Big With 3 New Exchange Listings, Price Spurts 10%
Floki Inu (FLOKI), the meme-inspired cryptocurrency named after the beloved dog of Elon Musk, has recently achieved a significant milestone with the announcement of three new exchange listings. The news has caused a surge in its price – a…
SEC Responds To Coinbase Complaint: Crypto Rules May Take Years
The Securities and Exchange Commission (SEC) has responded to Coinbase’s complaint. The largest American crypto exchange had sued the SEC on April 25, demanding clarity on crypto regulation. The company filed a petition for a writ of…
Bitcoin Bounce-Back: How Call Buyers Are Fueling The Crypto Recovery
Bitcoin (BTC) has recently experienced a brief drop below its crucial support level but has quickly rebounded to the current price of $27,300. This has resulted in the return of Call buyers, who are hoping that the level will hold and push the…
Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,850
Ethereum price is struggling below the $1,840 resistance against the US Dollar. ETH could face bearish moves if there is a break below the $1,800 support. Ethereum is currently facing a strong barrier near the $1,850 resistance zone. The price is…
Bitcoin Active Addresses Sharply Decline Despite Transaction Demand, Why?
Data shows that Bitcoin active addresses have sharply dropped despite the high transaction demand; here’s why this may be happening. Bitcoin Active Addresses Have Seen A Sharp Plunge Recently According to the latest weekly report from…
Bitcoin Price Just Saw Key Technical Correction But 100 SMA Is Still Strong
Bitcoin price is correcting gains and trading below $27,500. BTC must stay above the 100 hourly SMA to start a fresh increase in the near term. Bitcoin struggled to climb above $27,500 and started a downside correction. The price is trading above…
Crypto Achilles Heel: How The Absence Of Settlement Infrastructure Is Holding Back The Market
Ram Ahluwalia, the CEO of PeerNova, recently commented on the liquidity challenges the crypto market faces. According to Ahluwalia, the lack of a crypto bank settlement layer has led to a significant drying up of liquidity, hurting market makers…
Analyst Predicts Altcoins Boom Ahead of Bitcoin Halving – Is it Time to Invest?
The Bitcoin and the altcoins market has since been on a rollercoaster ride over the last few months, with investors looking to make gains at every opportunity, especially with the current trend of the creation of meme coins such as PEPE, AIDOGE…
Shiba Inu Token Burn Hits 1.74 Billion In One Week, What’s The Current Status?
The Shiba Inu community has remained consistent in burning SHIB tokens. In a week, it sent a whopping 1,748,403,277 SHIB tokens to the project’s dead wallet. The burning mechanism is part of the processes that the Shiba Inu uses to maintain…
Why Ethereum’s Yield Farming May Be The Most Exciting Thing In Crypto Right Now
As the world of cryptocurrencies evolves, Ethereum (ETH) investors are beginning to take notice of the power of yields and their potential impact on the crypto space. Yields, in essence, are the payments investors receive for holding…
Bitcoin Price Double Fractal Points To “Extended” Parabolic Rally
Bitcoin price seems to merely be grinding upwards, with a dusting of chop in between. What corrections have arrived have been minimal, and are shockingly similar in both time and price. This fractal behavior could be a sign of an important Elliott…
SEC Reduces LBRY’s Fine From $22 Million To $111,000 After Revision of Punishment
The US Securities and Exchange Commission (SEC) has revised the initial punishment against a blockchain-based content provider, LBRY. It has significantly reduced the penalty from the previous $22 million to a revised amount of approximately…
Lido (LDO) Bulls Lock Horns For Rally This Week Ahead Of V2 Update
May 15th marks a new dawn for the Ethereum liquid staking protocol, Lido Finance, as it seeks to launch the highly anticipated V2 update on its platform. According to Lido contributors, the V2 update is its biggest platform update yet and a step in…
Fantom (FTM) Price Surge Hints At Bullish Trend, What’s Ahead?
Fantom (FTM) has been on a bearish movement since April 19, 2023, resulting in a loss of about 30%. The price decline contributed to the negative market sentiment around the asset, making it hard for any possible retracement. However, these days…
Toncoin (TON) Price Plummets After Bears Defy To Surrender Control
Recently, the price of Toncoin (TON) witnessed a rapid decline, causing investors and traders to worry about the asset’s potential. The bear’s refusal to surrender control can cause TON’s price to drop, increasing the negative market…
Bitcoin Reclaims $27,000, Here Are The Factors Driving The Recovery
Bitcoin began another recovery trend over the weekend and has been on a bullish path since. This follows last week’s incredible bearish movement which saw the digital asset drop below the $26,000 mark for the first time in over a month…
Cardano Founder Urges Priority On Election To Avoid Further Chaos In Crypto
The U.S. Congress Democratic committee members are preparing to endorse the Securities and Exchange Commission’s (SEC) stringent regulation of digital assets in their efforts to assert control over the crypto industry. A new memo pointing…
Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says
On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently. Here’s what this may mean for the current rally. Bitcoin Puell Multiple Has Risen To High Levels In Recent Days As pointed out by an analyst in a CryptoQuant…
Zimbabwe Sells Millions of Gold-backed Crypto Tokens, Shrugs off IMF Advice
Zimbabwe ignored the International Monetary Fund’s (IMF) caution and engaged in the sale of its gold-backed crypto tokens. As a result, the Reserve Bank of Zimbabwe recorded huge success selling its gold-backed digital assets worth 14 billion…
Analyst: VeChain Enters Buy Zone, Should You Jump In?
On the weekly timeframe, a crypto analyst named Egrag explained on Twitter that VeChain (VET) is currently in a buy zone. He further explained the details of its possible price behavior using trading charts and noting recurring patterns. VET is in…
Avalanche Nearing Key Support, Is It Expecting Recovery Anytime Soon?
Avalanche (AVAX) has experienced a bearish week with several price floors being lost. However, in the last 24 hours, AVAX has moved up by 1.5%, suggesting a sideways trading session. The technical analysis indicates that bears still have control…
South Korea Crypto Exchanges Upbit And Bithumb Probed Over Lawmaker’s Scandal
On Monday, a local news outlet reported that South Korea’s Upbit and Bithumb crypto exchanges are under investigation by the Seoul Southern District Prosecutors Office over suspicions concerning lawmaker Kim Nam-kuk’s digital assets…
Pro-XRP Lawyer Shares Opinion PEPE Explosion, What Did He Say?
Pro-XRP lawyer John Deaton has dropped his opinions on PEPE while the viral meme coin’s investors brood over its massive price plunge. The Pepe the Frog-themed meme coin became prominent immediately after launch, rallying 1,000% within the first…
The price of Bitcoin has risen by 2% over the past 24 hours. After nine consecutive red daily candlesticks, the price of BTC finally posted a green daily candlestick yesterday (Sunday). However, analysts are divided as to whether Bitcoin will now…
On-chain data shows that Bitcoin miners have continued to sell recently, something that could be bearish for the cryptocurrency’s price. Bitcoin Miners Have Been Shedding Their Reserves Recently As pointed out by an analyst in a CryptoQuant…
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