Prominent crypto analyst Rekt Capital issued an upbeat short-term forecast for Solana’s SOL token this week, calling for a “significant surge” toward the $115 level. The prediction comes as Solana prices regain positive momentum after reclaiming former range lows. According to Rekt Capital, Solana continues tracking a predetermined price path
January 31, 2024 2 mins read
The Securities and Exchange Commission could follow eerily similar tactics with its pending ruling over proposed spot Ethereum exchange-traded funds (ETFs) as it recently did with sanctioning Bitcoin ETFs, says a new Standard Chartered report. Analysts eye mid-May as a prime decision target to send ETH to $4K—if the past
January 30, 2024 2 mins read
Leading cryptocurrency exchange Binance continues to make strides toward rebuilding its dominant trading volumes after agreeing to a record-shattering U.S. settlement last November over anti-money laundering violations. Kaiko, a provider of cryptocurrency market data, reports that Binance recovered 49% of all exchange spot volumes in January. This is just two
January 30, 2024 1 min read
The Solana price notched an overdue bullish breakthrough this week, cracking a lengthy descending channel that contained its 2023 correction. The technical event is bolstering hopes that SOL’s painful crypto winter may be approaching its end. SOL surged as much as 18% from the low-$80s zone after busting out of
January 30, 2024 2 mins read
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
