Chainlink (LINK) has captured the crypto community’s attention, as evidenced by a surge in its social dominance metric. However, this increased buzz comes against a backdrop of weakening buying pressure, creating a complex market narrative that challenges simple bullish or bearish categorizations. On-chain data from Santiment reveals that LINK’s social
Polygon’s ambitious token migration from MATIC to POL has reached a milestone, with 6.50 billion tokens successfully converted as of today. This transition, representing a 64.8% conversion rate, marks a pivotal moment in the network’s evolution towards its Polygon 2.0 vision. The migration process, which commenced on September 4, 2024,
In the wake of Bitcoin and Ethereum spot ETF approvals in the United States, the cryptocurrency community has turned its attention to Solana as the potential next contender in the ETF race. As the fifth-largest cryptocurrency by market capitalization, Solana’s unique position in the crypto ecosystem has sparked discussions about
Solana (SOL) has demonstrated remarkable resilience in the face of recent market turbulence, with its price action and network metrics painting a complex picture of challenges and opportunities. The slumpish market pushed OL to test levels near $121 amidst a surge in trading volume that exceeded $3 billion. This price
Chainlink (LINK) has embarked on a promising recovery trajectory, with its price showing a increase over the past 24 hours as it sets its sights on reclaiming the $12 threshold. This resurgence comes on the heels of a dip below $10 just days ago, offering renewed hope to investors in
Binance Coin (BNB) finds itself at a critical juncture following its recent breakout above a descending trend line that had constrained its price action since August 23. While this development initially sparked optimism among investors, mounting evidence suggests that the current rally may be short-lived, as buying momentum appears insufficient
By adding tokenized US Treasury notes (T-bills) to the XRP Ledger (XRPL), Ripple is increasing the platform’s functionality. As part of their relationship, Ripple and OpenEden, a leading supplier of tokenized RWA, have made this major milestone. As a result of the partnership, XRPL holders would have access to US
On September 6, the Crypto Fear & Greed Index, which measures market sentiment, dropped to 22. Investor confidence has taken a clear nosedive, since the indicator has not hit “extreme fear” since mid-August. According to Arthur Hayes, the former CEO of BitMEX, Bitcoin may drop below $50,000. On Friday, Hayes
With the Chang hard fork completed, the long-awaited Conway era has begun on Cardano. With this crucial development, the network took a giant leap towards complete decentralization. One major change is the inclusion of the CIP-1694 governance model, which gives ADA holders more say in network decisions via active voting.
Three Arrows Capital (3AC) cofounder Su Zhu recently wrote in an X post praising SOL’s prospects. As the Breakpoint event draws near, Zhu projected that the price of Solana would rise. To set the scene, Solana hosts an annual conference called the Breakpoint event where ecosystem experts get together to
