Dogecoin (DOGE), the popular meme coin, has witnessed a decline in its derivatives market activity, with the total open interest cratering to $2.51 billion as of writing. This marks the lowest level of open interest since the beginning of the year, indicating a substantial decrease in the number of outstanding
July 8, 2024 2 mins read
Cardano (ADA) has been grappling with the aftermath of a bearish onslaught over the past few weeks, resulting in its price continually setting new lows. Currently, ADA is trading at $0.3633, having lost 5.50% of its value over the past day and a substantial 22.1% over the past month. Despite
July 8, 2024 2 mins read
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