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
The CEO of Helius Labs, the development platform for Solana, Mert Mumtaz, recently provided an update that gives the Solana ecosystem cause for optimism. Without the need for layer-2 networks, Mumtaz said in an X (formerly Twitter) post that “ZK compression” is being implemented directly on the Solana network. According
Earlier, Cardano co-founder Charles Hoskinson dropped a clue about the much-anticipated Chang Hard Fork update two weeks ago, saying that it would likely launch in June. The co-founder went on to say that the Chang Hard Fork is imminent, and that Cardano Node would shortly reach version 9.0. It is
A major milestone has been reached by the XRP Ledger, even though all eyes are on the ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC). With the recent achievement of over 10 million XRP tokens locked in its AMM pools, the network has reached a
Austin Federa, Head of Strategy at Solana, spoke on a new feature called ZK Compression, which is a huge step forward for blockchain technology. This new innovation has the potential to significantly lower the cost of on-chain account storage. A major obstacle for both institutional and mass-market apps is therefore
