Polkadot (DOT) price busted out of a lengthy consolidation range this week, sparking optimism for a sustained trend reversal following weeks of listless action. The breakout comes on the heels of a choppy January that generated 19% dip, even amid similar base-building across crypto markets. After sliding 12%, DOT discovered
January 29, 2024 2 mins read
Ethereum mounted a relief rally last week but remains stuck below a significant technical barrier that could determine its next major move. The crypto market’s No. 2 token by market cap faces the prospect of 30% price swings depending on whether bulls or bears claim victory. After sliding within a
January 29, 2024 2 mins read
XRP bears have forced the token’s price into a precarious position following a punishing multi-week selloff that threatens to turn ugly. This week’s failed rally attempt marked the latest display of selling momentum, overwhelming struggling buyers near former support. The breakdown places XRP price action at the lower band of
January 26, 2024 2 mins read
The Cardano price uptrend that persisted through late 2023 has reversed into a punishing bear market to start the new year. After reaching its highest levels since 2021 in December, ADA has plunged by over 35% amid crypto sector turmoil that has shown no mercy for even well-constructed blockchain projects.
January 25, 2024 2 mins read
The battle between Ripple Labs and the United States Securities and Exchange Commission continues to escalate as the regulator strongly dismissed several of the blockchain company’s assertions this week. In a court filing Tuesday, the SEC maintained that its request for additional Ripple financial documents and XRP sales contracts as
January 24, 2024 2 mins read
Amid a broader cryptocurrency comedown that has affected majors like Bitcoin and Ethereum, one meme coin has practically stolen the market spotlight. The Dogwifhat (WIF) token, created less than two months ago on the Solana blockchain, has skyrocketed over 60% in just the last 24 hours. Its abrupt rise catapulted
January 24, 2024 2 mins read
Cardano, one of the prominent blockchain platforms in the crypto space, is experiencing a significant decline in on-chain activity related to large transactions, typically associated with whale movements. This sudden and substantial drop has led to a near standstill in the network’s activity, raising concerns and speculations about the underlying
January 23, 2024 2 mins read
XRP failed in its attempt to turn the $0.57 level into support over the weekend as bears continued to apply intense downside pressure. The token has shed nearly 7% over the past week and currently trades around $0.54 following another 2% daily slump. The broader crypto retreat has engulfed XRP
January 22, 2024 2 mins read
The nonprofit Ethereum Foundation sold off approximately $1.94 million worth of its native ETH tokens this past week, adding pressure amid an already fluctuating cryptocurrency market. According to blockchain analytics provider Spotonchain, the foundation liquidated over 800 ETH across two wallet addresses in under an hour on Wednesday. The sales
January 22, 2024 2 mins read
XRP finds itself at a pivotal moment, theoretically days away from a major price breakout or breakdown. The cryptocurrency has formed a symmetrical triangle pattern on its chart as buyers and sellers fight for control. XRP has been confined to the triangle structure since its surge to 2023 highs of
January 20, 2024 2 mins read