Cardano (ADA) is trading below yesterday’s closing price as it exhibits price volatility. This price drop comes despite the fact that its trading volume increased by over 26% in the last 24 hours. ADA has now lost its earlier gains in the past…
Nigeria’s Federal Executive Council Approves Blockchain Policy
The Nigerian government has just approved a blockchain policy that will facilitate the development of a regulatory framework for the technology. The approval occurred in a May 3 Federal Executive Council meeting. Blockchain Adoption Could Impact…
Bitcoin Up After Fed Rate Reveal, Correlation With Stocks Over?
Bitcoin has surged above the $29,000 mark following the Fed rate hike of 25 bps, a sign that the asset may be decoupling from the stocks. Bitcoin Has Jumped Despite Fed Interest Rate Hike Announcement According to the on-chain analytics firm…
Shiba Inu Burn Rate Explodes 31,000% – Will Price Heat Up As Well?
Shiba Inu (SHIB) has seen its burn rate skyrocket to impressive heights. This incredible surge in burn rate is causing many to speculate that a price reversal may be on the horizon, as the token’s value continues to experience significant…
Bitcoin Rips Above $29,000, But Why Is The Mean Transaction Size At A 3-Year Low?
Bitcoin prices might be firmer when writing on May 4, rallying above $29,000 and breaking above local resistance levels in lower time frames. But the Mean Transaction Size, based on the 7-day moving average, is at a 3-year low, according to…
Dogecoin Next Big Hurdle: Barreling Past $0.50 Mark In 2023
Dogecoin (DOGE) is now making serious waves in the investment world as the potential for its value to reach $0.50 in 2023 becomes a hot topic of discussion among crypto enthusiasts and investors alike. Despite its humble beginnings…
Meme Coin PEPE Hits New All-Time High As Shorts Get Rekt
The incredible price rally of the meme coin PEPE continues. According to Coingecko data, the frog token has risen to become the third most popular meme coin, behind Dogecoin (DOGE) and Shiba Inu (SHIB), with a market cap now at $688.5 million…
The Bitcoin and crypto markets are up today, despite the fact that the initial reaction to yesterday’s FOMC of the US Federal Reserve (Fed) was rather bearish. During the meeting, the Bitcoin price dropped from $28,800 to $28,250 as the…
BNB Price Breaking This Confluence Resistance Could Spark a Significant Surge
BNB price (Binance coin) is consolidating above the $320 support against the US Dollar. It could start a major increase if there is a break above $335. Binance coin price is trading in a range above $320 resistance against the US Dollar. The price…
Ethereum Price Just Reversed And Signals Fresh Run To $2,000
Ethereum price started a fresh increase above the $1,880 resistance against the US Dollar. ETH is rising and might soon aim for a move toward $2,000. Ethereum is attempting a fresh increase above $1,880. The price is trading above $1,880 and the…
Bitcoin Price Regains Strength Post Fed Hike, $30K Could Be Next
Bitcoin price is recovering and trading above $29,000. BTC is slowly moving higher and the bulls might soon aim for a move toward the $30,000 resistance. Bitcoin is attempting a recovery wave above the $28,800 resistance zone. The price is trading…
Meme Coin Mania Sweeps The Globe: Top 10 Countries Leading The Craze In 2023
The rise of the meme coin mania in 2023 has taken the cryptocurrency world by storm, and a new report by CoinGecko shows that the trend is most popular in the United States, India, and the United Kingdom. These countries account for over 50% of all…
Bitcoin Market in Disarray, But Optimism Prevails With Two Narratives
The price of Bitcoin has seen a small uptick during today’s trading session, but the cryptocurrency has been unable to break the sideways trend. Today, the U.S. Federal Reserve (Fed) announced a 25 basis points (bps) rate hike, but uncertainty in…
FTX Bold Move: Sells SUI For $100 Million, Tokens Now Worth $1 Billion
According to the trader and analyst of the crypto market under the pseudonym “Googly,” the fallen crypto exchange FTX sold warrants for $884 million SUI tokens to Mysten Labs and preferred stock for less than $100 million in March. The paper…
Bitcoin Rally May Not Have Hit Top Yet, Here’s Why
The historical pattern in this Bitcoin on-chain indicator may suggest that the ongoing rally hasn’t reached its top yet. Bitcoin 1-Year Inactive Supply Has Continued To Go Up Recently According to a post from the on-chain analytics firm…
SUI Plummets Over 30% As Trading Goes Live On Exchanges, What Went Wrong?
SUI, one of the long-awaited blockchain token projects in the crypto community, finally launched earlier today. However, contrary to expectations, SUI has recorded a significant plunge in price as the trading went live on multiple exchanges. Over…
More Dip To Come: Bitcoin Liquidity On The Move Ahead Of Major Event
As the Federal Reserve (Fed) prepares to announce its decision on interest rates, Material Indicators, a research and analysis firm in the cryptocurrency market, is keeping a close eye on the Bitcoin (BTC) liquidity movements. FireCharts, a popular…
Polygon (MATIC) Price Shows Vigor, Are Bulls Up To Something?
May is looking up for Polygon (MATIC) price as it is seen to be in the green zone for two consecutive days. Polygon bulls have picked up steam and momentum in the new month after bears held the prices down since mid-February. Despite…
$24,400 May Be Next Major Level Of Support For Bitcoin, Here’s Why
Historical data of an on-chain indicator may suggest that the $24,400 level could be a major level of support for Bitcoin right now. Bitcoin STH MVRV Would Hit 1.0 If Price Declines To $24,400 According to this week’s edition of the Glassnode…
This Meme Coin Created By GPT-4 Is Now Worth $40 Million, Here’s Why
As the meme coin season continues to unfold, there have been more novel ideas coming out of the space. The most recent one that is catching investors’ attention is a meme coin that was created using the famous ChatGPT-4 artificial intelligence…
XRP Loses Previous Gains; Bulls Seek To Shift Momentum
Following a sharp increase in value, XRP overcame several major obstacles, improving its outlook. But when the price reached the significant resistance level of $0.5387 on April 19, it lost momentum and fell. XRP has seen a dramatic decline in…
Prominent Analysts Vouch For Crypto As The Banking Stocks Nosedive
Chaos brews in the US financial sector as banking stocks tank further, and experts claim a crypto moment is brewing. The Fed’s continuous interest rate hike to curb inflation isn’t helping matters. The rising crisis sparked reactions…
Biden Administration Proposes 30% Tax On Crypto Mining To Counter Environmental Impact
Several US authorities have raised concerns regarding the environmental impact of crypto mining. Previously, US lawmakers probed the crypto mining energy use and environmental impact. Biden’s administration is taking these concerns to another…
Stacks (STX) Price Defies Bears, Surges While The Market Bleeds
Stacks (STX) is on an uptrend today, gaining over 12% in the last 24 hours. Although the general crypto market is volatile, STX shows positive moves on the price chart. STX increased progressively in 2023 despite some price pullbacks due to price…
New “Ethereum Killer” SUI Launches Today, What You Need To Know
Today is the day, the long-awaited launch of the next “Ethereum killer” SUI is taking place at 8:15 am EST (12:15 UTC). From a purely technical standpoint, SUI does a few things differently compared to Ethereum, and therefore the…
ADA Price (Cardano) Could Narrowly Avoid a Major Drop If It Closes Above $0.4
Cardano’s price started a fresh decline from the $0.415 resistance. ADA could decline further if there is a clear move below the $0.38 support. ADA price is struggling to gain pace above $0.40 and $0.415 against the US dollar. The price is trading…
Cardano weathered the storm of a tumultuous April, marked by market turbulence and regulatory challenges, and emerged with a glimmer of growth. Despite the obstacles, the blockchain platform’s native cryptocurrency, ADA, managed to hold its…
Bitcoin Analysis: How To Prepare For Today’s FOMC Meeting
Today’s interest rate decision by the U.S. Federal Reserve (Fed) and the following press conference by the Federal Open Market Committee (FOMC) could make up for this year’s most important day so far for the Bitcoin price. In March, the…
Top 5 Cryptos To Watch This Week Amid US Banking Crisis
Concerns about the stability of the global financial system have been rekindled in the wake of the recent failure of the First Republic Bank in the United States. The market’s confidence has taken a major hit as a result of this major…
EA’s Jeff Burton Joins P2Earn Inc As Chairman Of Advisory Board
Play to earn, also referred to as GameFi, is now the industry’s fastest-growing sub-sector. The valuation of the online gaming business is expected to hit USD116 billion by 2021, thanks to the fact that more than 3 billion people around the…
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