Cardano’s ADA saw its market cap surge by over $1 billion in just 24 hours, amidst a new wave of intense buying pressure. At press time, ADA’s overall market cap stands at $15.5 billion, cementing it as the 8th-largest cryptocurrency by valuation, according to CoinMarketCap. The latest push saw the
As a result of renewed hope that a spot bitcoin ETF would be approved in the United States, the crypto market is experiencing a boom, and Bitcoin broke above $44,000 for the first time since April 2022. The general market, and Solana in particular, are benefiting from this rising pattern.
Ripple, the renowned blockchain-based payment protocol, has forged a strategic alliance with Onafriq. This collaboration aims to revolutionize cross-border transactions and address the challenges associated with outdated payment systems prevalent across the continent. Ripple’s ambitious venture aligns with Africa’s surging fintech sector, anticipated to offer a substantial $2.7 trillion opportunity.
On-chain data analyzed by leading crypto analyst Ali shows a significant rise in large transactions on the Cardano blockchain over the past three months. This indicates growing institutional interest that could propel the eighth-largest cryptocurrency to new price heights. Citing transaction data, Ali noted ADA transfers over $100,000 have regularly
As Bitcoin broke beyond the $41,500 barrier, the cryptocurrency sector as a whole has witnessed a tremendous surge. Moreover, Ethereum is also witnessing strong bullish momentum and is trading above the $2200 level at the time of writing. Furthermore, most altcoins have risen sharply, indicating widespread optimism in the cryptocurrency
Pro-XRP lawyers John Deaton and Bill Morgan have recently demanded that Congress step in and investigate the SEC’s behavior and the Republican members of the House Committee on Financial Services’ unwillingness to issue a subpoena. A federal court scolded the SEC’s attorneys in a case involving a crypto firm on
With its persistent appeal to large financial institutions, Solana (SOL) has reclaimed its status as one of the most sought after altcoins. The weekly update from CoinShares states that SOL assets under management surpassed $365 million, with $12.4 million more coming in last week. With $240 million and $49.1 million,
The sale of 3,150 Ethereum worth over $6.37 million by a crypto whale is sparking debate on whether investors should take profits after the token’s recent rally. The heavy transaction comes as Ethereum hovers below a technical resistance level that has repeatedly triggered sell-offs historically. According to on-chain data, the
In response to claims that Ripple’s monthly escrow XRP release dampened the cryptocurrency’s price performance over the last five years, legal expert Bill Morgan has cast doubt on that assertion. The ongoing discussion about XRP’s dismal performance over the last five years came to a head when a crypto fan
Over the past two weeks, Polygon’s native MATIC token has shown intriguing signals of significant buyer accumulation despite ranging prices. For seasoned crypto investors, such early signs often foreshadow major volatility swings. MATIC has traded sideways in a relatively narrow band since its unexpected 21% single-day drop seen earlier this
