A prominent Solana whale unstaked a substantial amount of SOL tokens and transferred them to Binance. This move, likely motivated by profit-taking intentions, comes amidst intensifying volatility in the Solana market and growing bearish sentiment surrounding the altcoin. On-chain analyst Lookonchain reported early Friday that a Solana whale had unstaked
September 13, 2024 2 mins read
Ripple’s XRP has experienced a notable resurgence, with a sudden surge in price creating a bullish engulfing candle and improving market sentiment overnight. This positive momentum comes on the heels of a major announcement from Grayscale, potentially setting the stage for a breakout rally. XRP’s daily chart reveals a recovery
September 13, 2024 1 min read
Binance Coin (BNB) finds itself at a critical juncture following a recent breakthrough above a significant resistance level formed by its 20-day exponential moving average (EMA). Despite this apparent bullish move, underlying indicators suggest that the cryptocurrency may struggle to maintain its upward momentum, potentially leading to a retracement of
September 12, 2024 2 mins read
Solana (SOL) finds itself at a critical juncture after narrowly avoiding a breach of its crucial $126 support level, a price point that has safeguarded the cryptocurrency from major downturns since early March. As the digital asset shows signs of recovery, investors are keenly observing technical indicators for clues about
September 12, 2024 2 mins read
Renowned market analyst Steph has ignited discussions in the cryptocurrency community with a bold prediction for Ripple coin’s future price action. His analysis, shared on social media platform X, suggests that XRP could be on the verge of a significant breakout, potentially reaching as high as $40 in the long
September 11, 2024 2 mins read
Cardano (ADA) finds itself at a critical juncture as it grapples with persistent price stagnation despite increased volatility in the broader cryptocurrency market. The altcoin’s repeated failure to overcome the crucial $0.330 support level since August has sparked concern among investors, prompting questions about ADA’s long-term viability and potential for
September 11, 2024 2 mins read
Solana (SOL) has recently achieved a remarkable milestone, setting a new record for daily active addresses and sparking speculation about potential price appreciation. Despite this surge in network activity, SOL’s price has remained under pressure, mirroring the broader altcoin market’s struggles. As investors eye the upcoming Breakpoint conference, questions arise
September 11, 2024 2 mins read
Chainlink (LINK) has captured the crypto community’s attention, as evidenced by a surge in its social dominance metric. However, this increased buzz comes against a backdrop of weakening buying pressure, creating a complex market narrative that challenges simple bullish or bearish categorizations. On-chain data from Santiment reveals that LINK’s social
September 10, 2024 2 mins read
Polygon’s ambitious token migration from MATIC to POL has reached a milestone, with 6.50 billion tokens successfully converted as of today. This transition, representing a 64.8% conversion rate, marks a pivotal moment in the network’s evolution towards its Polygon 2.0 vision. The migration process, which commenced on September 4, 2024,
September 10, 2024 2 mins read
In the wake of Bitcoin and Ethereum spot ETF approvals in the United States, the cryptocurrency community has turned its attention to Solana as the potential next contender in the ETF race. As the fifth-largest cryptocurrency by market capitalization, Solana’s unique position in the crypto ecosystem has sparked discussions about
September 10, 2024 2 mins read