Significant swings have recently occurred in the crypto market, with major cryptocurrencies performing terribly for quite a while now. Among the tokens impacted by these developments was Cardano (ADA). In recent months, Cardano’s market value has dropped significantly. Because of this drop in price, more than 66% of ADA investors
The previous month has been characterized by a notable decrease in Chainlink’s (LINK) large holder netflow to exchanges, signifying that the altcoin’s major holders have only transferred a small fraction of their holdings to exchanges for sale. This behavior can be attributed to LINK’s current price performance, with the altcoin
As the cryptocurrency markets approach the close of the month and the conclusion of the first half of the year, certain tokens, particularly Solana (SOL), are exhibiting remarkable resilience. The SOL token has managed to maintain its position above the bullish range, indicating that the price could soon experience a
US-based asset manager VanEck, in an interesting turn of events, filed an application for spot Solana ETF, fueling a price pump in the altcoin. After witnessing a rough monthly performance, Solana price has begun to show signs of price recovery in the last few days. In the last 24 hours,
Polygon (MATIC) price is on the cusp of initiating a recovery after the altcoin plummeted to its lowest point since November 2023, with the potential rally’s success hinged on the actions of investors who hold the key to the cryptocurrency’s future trajectory. The market is closely watching for signs of
After sustaining an elevated level for more than 20 months, the XRP price has recently encountered significant bearish pressure, causing the bulls to struggle to defend crucial support levels despite a decrease in selling pressure. However, the market trend is expected to shift in the near future as the accumulation
Polygon’s recent price movement has been characterized by a bearish trend, reflecting a decline in investor enthusiasm for this particular cryptocurrency. As the market experiences heightened volatility, investors are left pondering whether Polygon (MATIC) will be able to mount a resurgence or if it will continue its downward trajectory, potentially
Binance Coin (BNB) has been grappling with a persistent downtrend since it fell from its all-time high of $720.67 on June 6, with the altcoin’s value plummeting by a substantial 24%. Currently trading at $576.22, BNB has been facing significant headwinds as demand for the coin continues to wane, resulting
The total number of Ripple (XRP) tokens held across various cryptocurrency exchanges has reached a major milestone, with the current supply amounting to 2.84 million XRP, which is equivalent to $1.34 million at current market prices. This figure represents the lowest amount of XRP tokens held on exchanges since the
As the cryptocurrency market presents a majority of coins at heavily discounted prices, bulls are exerting a major effort to flip market sentiments in their favor. Having bought the dip, Solana bulls now appear to be focusing on sustaining the upward momentum, coinciding with the platform’s recent launch of ‘zero-knowledge
