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XRP has corrected sharply from its July 18 peak of $3.66, with the cryptocurrency losing 6.62% in its largest daily decline in a month. Market analyst Winny had warned that with such high wallet profitability, selling pressure would eventually materialize as holders took profits. This trend mirrors historical behavior during
XRP’s built-in burn mechanism permanently destroys nearly 1 million tokens annually through transaction fees, reducing the total supply from the original 100 billion to 99.985 billion today. While the original network architects didn’t design this system for price impact, market analysts now view the ongoing supply reduction as a potential
Cardano has approached a critical resistance level at $1.247 that could determine whether the cryptocurrency enters its next bull market phase according to analyst Dan Gambardello. ADA rallied 20% last week following a previous week’s 10% gain, creating a two-week surge of 30% that briefly pushed it past Tron in
The majority of the crypto tokens are waving the red flag in the market with a few holding the green chart. The assets are swinging between hot and cold water. Notably, Bitcoin, the largest asset, broke through crucial barriers and hit an all-time high yesterday at $124,457. With another series
The crypto market is riding a volatile rollercoaster. Bitcoin (BTC), the largest asset, smashed through a new ATH yesterday at $124,457. Today, the market has turned bearish, with some tokens staying green. If the assets continue to remain under bearish pressure, the recovery might be difficult. Notably, the largest altcoin,
Following a 3.43% plunge in the crypto market, the majority of the assets are trading in the red. With the Fear and Greed Index value settled at 59, the overall sentiment is neutral in the market. The largest assets like Bitcoin (BTC) and Ethereum (ETH) are hovering on the downside,
Analyst Christopher Visser has identified what he calls a critical breakout opportunity for Cardano, projecting ADA could reach $3.91 if current technical patterns hold. The cryptocurrency trades at $0.8526 following a 9% daily gain and 18% weekly rally, positioning itself near key resistance levels that have contained price action since
An XRP Ledger validator operator has raised concerns about potential price manipulation following observations of suspicious blockchain activity since launching his validation node. Grapedrop, who operates one of 150-170 active validators on the XRPL mainnet, has been monitoring real-time transactions that he believes could indicate coordinated market manipulation efforts. The
Cardano (ADA) has made an impressive rally, breaking through key resistance levels and hitting its highest price point in five months. As per CMC data, the altcoin is trading around $0.9973, which is a major breakout of a long period of consolidation that has characterised its price action in most
The 2.49% spike in the crypto market exhibits a recovery, with the majority of the assets breaking free from the bear hold, lighting up the green candlesticks. The tokens like Bitcoin and Ethereum are hovering at $119.6K and $4.6K. Among the pack of altcoins, Solana (SOL) has experienced a 12.56%
