Polygon’s (MATIC) price appears to be taking a bearish trajectory as the altcoin struggles to maintain the support of its investors. From whales attempting to sell their holdings to the increasing volume of losses, MATIC’s outlook is becoming increasingly pessimistic. Polygon Investors’ Confidence Erodes As the MATIC price continues its
Ripple’s (XRP) price has been on a steady decline since it reached a year-to-date high of $0.72 on March 11, with the token’s value falling by 7% over the past month. This recent downward trend has led to the formation of a descending triangle pattern. XRP is now attempting to
Compared to the previous quarter, Solana’s liquid staking rate increased by 1.76%. The amount of cryptocurrency staked on liquid staking platforms exceeds $54 billion, as reported by DefiLlama. Users may earn additional profits and keep liquidity with a derivative token for DeFi using liquid staking, which is different from regular
Cardano’s (ADA) price appears to be on the path to recovery, but the altcoin’s success heavily relies on the support it receives from the market and its investors. Fortunately for Cardano, ADA holders are already demonstrating a desire to experience gains once again, which could prove to be a crucial
The bears have successfully managed to limit the XRP price rally below certain levels, resulting in diminished interest among traders in the token. As both trading volume and volatility have decreased, the XRP price has maintained a steep descending trend, with no apparent signs of a bullish breakout on the
The majority of the allegations in a class action lawsuit involving XRP were dismissed, giving Ripple a major win in a recent legal development. The judge’s ruling in the Northern District of California Court reduced the matter to a minor state lawsuit over purportedly deceptive statements. The question of whether
A recent application for a spot Solana exchange-traded fund (ETF) by VanEck and 21Shares likely caused the price of Solana to jump. Moreover, there has been discussion of a potential price surge as many critical measures have continued to improve in the last few days on the Solana blockchain. Solscan
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
