Despite concluding the previous week on a positive note, the cryptocurrency market has taken a bearish turn as the second week of July unfolds. The market leader, Bitcoin, has experienced a significant pullback, hovering close to the $56,000 range, while Solana (SOL) has mirrored this price action, recording a notable
July 8, 2024 2 mins read
Solana’s price is currently exhibiting the potential for an extended bearish trend, which could result in a decline of more than 8% in the upcoming days. While the recent FUD (Fear, Uncertainty, and Doubt) trade appears to have played out, a prolonged bearish phase may place the token in a
July 4, 2024 2 mins read
XRP, the native cryptocurrency of the XRP Ledger (XRPL), has experienced a rollercoaster ride since reaching its all-time high (ATH) of $3.40 in January 2018. According to an analysis by crypto researcher Bitcoin Ape, Ripple is currently trading approximately 86% below its peak. Despite this downturn, XRP has managed to
July 4, 2024 1 min read
The Funding Rate, a key indicator of sentiment in the derivatives market, has recently experienced a notable spike for Binance Coin (BNB), suggesting a potential shift in market dynamics. As a reflection of traders’ positions, the Funding Rate for BNB jumped to 0.013% on July 3, raising questions about the
July 3, 2024 2 mins read
As regulatory uncertainty continues to cast a shadow over crypto-related firms in the United States, defendants are closely monitoring the outcomes of their peers’ cases, seeking common denominators that could potentially influence their own legal battles. In this context, Attorney Fred Rispoli, a prominent Ripple (XRP) advocate, has recently provided
July 3, 2024 2 mins read
Polygon’s (MATIC) price appears to be taking a bearish trajectory as the altcoin struggles to maintain the support of its investors. From whales attempting to sell their holdings to the increasing volume of losses, MATIC’s outlook is becoming increasingly pessimistic. Polygon Investors’ Confidence Erodes As the MATIC price continues its
July 3, 2024 2 mins read
In an exciting development for the Shiba Inu community, Lucie, the outspoken marketing specialist for the Shiba Inu ecosystem, has shared an update that could potentially lead to substantial SHIB burns. The marketing lead revealed that she is currently working on a special project with Shibacals, a venture focused on
July 2, 2024 2 mins read
Ripple’s (XRP) price has been on a steady decline since it reached a year-to-date high of $0.72 on March 11, with the token’s value falling by 7% over the past month. This recent downward trend has led to the formation of a descending triangle pattern. XRP is now attempting to
July 2, 2024 2 mins read
This significant surge comes after the token endured a prolonged downturn period, raising questions about whether the current market perception of WIF is in line with its recent performance. Meme Coin Fever Not Yet at Its Peak According to data from Santiment, WIF’s Weighted Sentiment, which considers the number of
July 2, 2024 1 min read
Cardano’s (ADA) price appears to be on the path to recovery, but the altcoin’s success heavily relies on the support it receives from the market and its investors. Fortunately for Cardano, ADA holders are already demonstrating a desire to experience gains once again, which could prove to be a crucial
July 2, 2024 2 mins read