As the cryptocurrency market experiences heightened volatility, Ethereum, a leading altcoin, continues to wrestle with bearish sentiments. The delay in the U.S. Securities and Exchange Commission’s (SEC) approval of the much-anticipated Ethereum ETF has exacerbated this downtrend, contributing to weak buying and selling pressures in the market. Ethereum’s Price Performance
May 7, 2024 2 mins read
In the midst of a broader bullish wave in the cryptocurrency industry, the Polygon (MATIC) token continues to grapple with breaking through its significant resistance level at $0.7425. This level has proven to be a substantial liquidation point for MATIC, reflecting persistent sell-offs whenever the price approaches this threshold. Polygon
May 7, 2024 2 mins read
Recent data from the on-chain aggregator Santiment has highlighted a notable increase in whale activity across the cryptocurrency market over the past half-year. This trend has notably pushed Dogecoin (DOGE) to outperform several major altcoins, including XRP and ADA, in terms of wallet growth and market movement. Dogecoin Nearly Outshines
May 3, 2024 1 min read
A prominent figure in the cryptocurrency community, Oscar Ramos, recently suggested that Shiba Inu (SHIB) could reach a price of $0.00017 by 2025 despite the prevailing bearish sentiment. This forecast comes at a time when SHIB has struggled in the market, currently trading at $0.00002296, marking a significant 49% decline
May 3, 2024 2 mins read
The Solana network is currently grappling with a decline in its on-chain activity, highlighted by diminishing trading interest. Following a market downturn that corrected SOL’s price to critical support levels, the value did rebound. However, persistently low on-chain metrics are causing investor anxiety about the durability of this recovery. Decrease
May 3, 2024 2 mins read
Amidst a brief uptick in altcoin activity, Solana hints at a robust recovery, hinting at a potential bullish run this week. The rebound from a critical support level suggests strong underlying demand, positioning SOL to potentially surpass the $150 threshold by May. Nevertheless, escalating market volatility and possible corrections in
May 2, 2024 2 mins read
Polkadot, one of the best performers, has a bright chance for a comeback as it gets beyond a recent supply surge. With the potential for a bullish turnaround, the DOT price is gradually gaining momentum and drawing the attention of market bulls. As other altcoins struggle to halt their downward
May 2, 2024 2 mins read
The cryptocurrency industry has experienced a modest resurgence, marking a 1.77% increase—a substantial injection of roughly $70 billion into the market within the last 24 hours. This comes after the global market capitalization hit a two-month low at $2.10 trillion just yesterday, underscoring the volatile nature of digital assets. XRP
May 2, 2024 2 mins read
Ethereum (ETH) started the year 2024 on a positive note, recording an impressive 79.34% increase in valuation and reaching a high of $4,094.75. However, after a period of sideways trading, the bulls lost momentum, and the price has since been trading under bearish influence. The global cryptocurrency market cap has
May 1, 2024 2 mins read
Litecoin (LTC), the peer-to-peer cryptocurrency often referred to as the silver to Bitcoin’s gold, is currently trading under a key resistance level. However, if LTC manages to flip this level into support, it could potentially drive the price to $90 and beyond. Interestingly, Litecoin holders are playing a crucial role
April 30, 2024 2 mins read