Ethereum has shown a strong historical price correlation with Bitcoin. As BTC recently cleared the pivotal $51,000 level, hopes have emerged around Ethereum progressing towards the $3,000 milestone. Multiple on-chain metrics and derivatives market activity point to a potential ETH breakout rally. Investor Confidence and Ethereum Accumulation Grows After slipping
February 14, 2024 2 mins read
A lively debate has emerged around whether Cardano can reach $1 before Bitcoin’s upcoming halving event in April 2024. While Bitcoin recently surged to over $52k, Cardano has lagged behind, fueling discussions around the altcoin’s potential. Bitcoin Halving History Points to Price Rallies Bitcoin halving events, which occur about every
February 14, 2024 1 min read
The price of Solana (SOL) surged more than 7% recently, breaking above the $100 and $110 levels that had previously capped upside attempts through early 2024. The latest rally comes as the broader crypto market sustains positive momentum this month. Solana recently traded in a range between about $90 and
February 13, 2024 2 mins read
The price of the meme cryptocurrency Dogecoin (DOGE) has climbed roughly 3% this week to trade near $0.0811. The mid-cap altcoin now signals an imminent bullish breakout as technical and on-chain factors align for further upside after a grueling two-year bear market. A confluence of tailwinds seems to be propelling
February 13, 2024 2 mins read
Over the past week, investment products focused on Cardano (ADA) saw an unprecedented spike in inflows, vaulting over 1,000% higher week-over-week, according to CoinShares data. The report revealed $6.1 million has entered ADA funds lately as analysts simultaneously call for a decisive price breakout. Per the digital asset flow figures,
February 12, 2024 2 mins read
Shiba Inu’s layer-2 network Shibarium experienced a remarkable spike in active accounts, surging 50% higher in 24 hours. The data highlights a disconnect with SHIB’s token price. Still, the mounting on-chain activity spotlights Shibarium’s strengthening ecosystem. Figures from the monitoring site Shibariumscan show the tally of active Shibarium participants jumped
February 12, 2024 2 mins read
Ethereum has witnessed heightened volatility the past day, facing intensified selling momentum above $2,600 after Bitcoin peaked around $50,000 resistance. The pause in ETH’s climb follows data pointing to a nascent downtrend as gas fees and exchange whale inflows spike, reversing positive traction. Per Coinglass, roughly $15.5 million worth of
February 12, 2024 2 mins read
The price of Cardano (ADA) has tumbled about 30% since hitting highs last month. And after being rejected again near a key $0.555 resistance level, ADA threatens to extend its downward slide over the short term. Cardano now trades within the confines of a falling price channel as its recent
February 9, 2024 2 mins read
Shiba Inu’s price rebounded sharply this week, jumping over 3% as the broader crypto market turned bullish again. After hitting recent lows near $0.0000088, SHIB now trades around $0.000009200 as it tries to reclaim the psychologically key $0.00001 level. The meme coin has followed an uneven recovery pattern so far
February 8, 2024 2 mins read
Bitcoin’s next halving event occurs this April, potentially spurring a crypto bull run that sends Shiba Inu soaring. Halvings reduce BTC rewards to miners, constraining supply growth. This scarcity effect often precedes major Bitcoin price increases. Any BTC breakout to new highs could positively impact other cryptocurrencies, like SHIB. Analysts
February 8, 2024 2 mins read