During Wednesday’s trading, the cryptocurrency market experienced a downturn, with major coins like Bitcoin, Ethereum, Solana, and Dogecoin leading the decline. This led to a 1.8% drop in the global cryptocurrency market cap within just 24 hours, bringing it to approximately $2.3 trillion. Cryptocurrency Market Update: Prices and Analyst Insights As of 12:25 p.m., Bitcoin…
The Bitcoin funding rate and the 3-month annualized basis rates are reaching levels that suggest to traders that a big change might be on the way. These are two important indicators used by Bitcoin traders. They could mean that the price of Bitcoin is likely to rise soon, as explained by a cryptocurrency analyst. Bitcoin…
Memecoins are making waves in the crypto market, showing promising returns lately. This hints at a potentially significant year for memecoins in 2024. One of their key strengths lies in the strong backing from dedicated communities, which fuels interest and involvement. Yet, they’re also infamous for their volatile and speculative nature. To grasp what lies…
Pepe Coin stands out as a leading memecoin on Ethereum, boasting significantly higher transaction volume than its competitors. Expert analysis, bolstered by recent market trends and technical indicators, indicates a bullish trajectory for PEPE. Amidst the growing number of new participants joining Ethereum, the renowned memecoin PEPE remains a focal point for traders, drawing significant…
Chainlink (LINK) has stabilized between $12 and $13 after a recent decline. Despite market ups and downs, this mid-cap altcoin, worth about $15 billion, has bounced back by over 6% in the last two weeks, trading around $14.8 in early New York trading on Monday. However, bullish sentiments have been dampened by ongoing regulatory actions…
Despite ups and downs in the crypto market, Artificial Intelligence (AI) coins are showing strong upward trends, boosting investors’ portfolios. In particular, the Render (RNDR) token has seen a 3% increase in the last day and a significant 33.72% surge over the past week. Its Year-to-Date (YTD) return is an impressive 119.28%, signaling optimism for…
If the 31,000 addresses holding Polygon tokens decide not to sell, MATIC might climb towards $0.83. According to IntoTheBlock, these addresses bought 216.94 million tokens at an average price of $0.73, making this a crucial level for MATIC. Currently, 111,724 addresses, or 17.34% of the total supply, are in profit, while a staggering 501,710 addresses,…
In May 2024, Solana’s price surged past $155, marking a gain of over 25% for the month. This rise comes amidst a broader uptrend in the global crypto market, with major assets like Bitcoin (BTC) and Ethereum (ETH) leading the charge. Solana, along with these mega-cap cryptos, has benefited from this rally. As of now,…
According to one analyst, purchasing Polkadot (DOT) now is nearly as beneficial as buying it precisely six months ago. Polkadot (DOT) has seen a significant 10% increase in its price over the past week. Bullish predictions indicate that it could climb to $10 and even higher, especially if it manages to surpass specific key resistance…
Shiba Inu (SHIB) is on the verge of a big price jump, and it’s all about hitting the 110 trillion SHIB mark. If SHIB breaks through this level, it could double in value and hit new highs. Analysis shows that to break even, over 327,000 addresses would need SHIB to hit $0.00005. Surpassing this key…