Ethereum (ETH) has been on a rollercoaster ride since the last bull run in March 2024, with the price down nearly 30% and struggling to sustain above the crucial $3,000 mark since May 2024. However, the bulls have shown some mercy, and ETH has managed to reclaim this region, currently
May 16, 2024 2 mins read
The cryptocurrency market has been experiencing heightened price volatility, and Chainlink (LINK) has not been immune to the immense bearish pressure. Within the past day, the LINK price has recorded a 4.56% correction, with a trading volume of $282.500, which represents a 4.78% increase during this period. Furthermore, the Chainlink
May 15, 2024 1 min read
Solana has outperformed Ethereum in terms of profitability, according to Leon Waidmann, an on-chain analyst. Waidmann’s statement, shared on X (formerly Twitter), underscores this significant milestone, although it does not consider Ethereum’s value as fuel or a means of payment across various Layer 2 (L2) networks. Waidmann shared a chart
May 15, 2024 2 mins read
The cryptocurrency market is experiencing rapid changes in dynamics, with Bitcoin’s dominance on the rise, potentially overshadowing altcoins and limiting their value appreciation. However, Solana (SOL) is exhibiting unique price behavior as it approaches a critical point in its consolidation phase. The upcoming days will be pivotal for the SOL
May 14, 2024 2 mins read
Ethereum (ETH) recently experienced a setback as it was rejected at the $2,996 mark. The cryptocurrency is now moving towards the crucial uptrend support level at $2,880. At press time, ETH is trading at $2,902, with a 2.48% decrease over the past 24 hours and a 5.64% drop on a
May 14, 2024 2 mins read
The recent activity of a Shiba Inu whale, identified by the wallet address 0x462, has drawn attention to the potential impact of large-scale transactions on the token’s liquidity and price stability. The whale deposited 100 billion SHIB, worth approximately $2.24 million, into a Coinbase account as part of a broader
May 13, 2024 2 mins read
Analysts expect altcoins like Solana (SOL) to follow suit as the cryptocurrency market begins to show signs of a comeback, with Bitcoin leading the charge. Despite the recent slowdown, Solana’s price trend has maintained a strong support trendline, indicating robust underlying demand. The recent bounce from the support trendline has
May 13, 2024 2 mins read
In-Depth Analysis of VeChain’s Market Prospects Crypto market analyst Ali Martinez has provided a bullish outlook for VeChain (VET), citing the emergence of fractal patterns on the 1-month chart that historically have been precursors to major price increases. These patterns, similar to those observed in late 2018 and mid-2020, suggest
May 10, 2024 1 min read
Input Output Global (IOG), the research and development arm for the Cardano network, has recently detailed several significant advancements in their latest blog post. These developments span various aspects of the network’s infrastructure and capabilities, particularly highlighting progress in the Conway era, enhancements in smart contract functionality, and updates on
May 10, 2024 2 mins read
Shiba Inu has experienced substantial withdrawals from cryptocurrency exchanges, with 705.9 billion tokens worth over $16.5 million moved out within just 24 hours. This activity, recorded by on-chain analytics firm Arkham Intelligence, aligns with a budding price rebound for Shiba Inu amidst a broader market upswing. Detailed Shiba Inu Whale
May 10, 2024 2 mins read