Despite the presence of favorable market momentum, including the growth of meme coins, the approval of an ETF, a community governance vote for validators, and PayPal’s launch of the PYUSD stablecoin on the Solana network, the Solana (SOL) price has been on a declining trend for the past week. Solana,
May 30, 2024 2 mins read
Despite the intraday weakness in the market, as Bitcoin and Ethereum struggle to maintain their positions, the Solana (SOL) price trend sustains an optimistic outlook. Even with a bearish closing to last week, the SOL price has managed to hold above the crucial $160 mark, offering a bullish perspective. The
May 28, 2024 2 mins read
The altcoin leader, Ethereum (ETH), has witnessed a 20% growth in its portfolio this month, signaling a strong bullish reversal in the cryptocurrency market. As speculation about an impending altseason intensifies, the ETH price continues to hold above a crucial support level. Following the approval of the ETH ETF, Ethereum-based
May 28, 2024 2 mins read
Uniswap (UNI), the governance token of the decentralized exchange Uniswap, has recently experienced a significant price rally, gaining 42% in a 7-day period. However, the token’s price action has turned negative, with a 24-hour drop of 4.79%, currently trading at $10.99. Additionally, Uniswap’s 24-hour trading volume has decreased by 36.5%
May 27, 2024 2 mins read
The Ethereum (ETH) price trend is gaining traction, with an impressive 25% surge last week, propelling the cryptocurrency to the $3,900 level. As speculation mounts about the impending altseason, the ETH price is on the cusp of breaking through the crucial $4,000 resistance this week. Ethereum kicked off the week
May 27, 2024 2 mins read
Coinbase, the largest exchange in the United States, has announced the introduction of perpetual futures for three popular cryptocurrencies: Bonk (BONK), Floki Inu (FLOKI), and Shiba Inu (SHIB). This move is expected to provide investors with enhanced flexibility and diverse trading strategies. The launch, scheduled for May 30, 2024, at
May 24, 2024 2 mins read
The cryptocurrency market experienced bearish price action on Friday, despite the highly anticipated approval of the spot ETH ETF. This bearish sentiment suggests a prevalence of short selling in the market. However, Ethereum, the leading altcoin, managed to maintain its price above the $3,650 mark, indicating a persistent bullish sentiment
May 24, 2024 2 mins read
A financial audit conducted recently has uncovered a significant whale transaction involving 240.85 million XRP, equivalent to $127 million. According to data provided by Whale Alert, a blockchain tracking service, the transaction originated from Coincheck, a prominent Japanese cryptocurrency exchange, and was sent to an unknown wallet. Blockchain records indicate
May 24, 2024 2 mins read
As the cryptocurrency market eagerly awaits the Securities and Exchange Commission’s (SEC) decision on the approval of the spot ETH ETF, the demand for Decentralized Physical Infrastructure (DePIN) tokens has surged. These tokens have garnered significant attention from investors, leading to increased price volatility in the crypto space. In this
May 23, 2024 2 mins read
In the midst of the current altcoin craze, fueled by renewed speculation surrounding the potential approval of a spot Ethereum ETF in the United States tomorrow, the frog-themed meme coin Pepe (PEPE) has captured the attention of retail investors. Pepe has leapfrogged its way to overtake dogwifhat (WIF) as the
May 23, 2024 2 mins read