Mon, September 28

Solana (SOL) Eyes a Potential Bullish Target

Solana (SOL), the fifth-largest altcoin by market cap, has extended its minimal gains. After a 2.67% spike in the last 24 hours, SOL hit the $148 mark. Despite struggling to $150, the altcoin signals a brief bullish rally for the day surpassing its previous resistance levels.  The token opened the

August 20, 2024 2 mins read

How Could Polygon Transition to POL Tokens Influence MATIC?

Polygon (MATIC), the Layer 2 scaling solution for Ethereum, is set for a significant transformation as it transitions from MATIC to the new POL tokens. Scheduled to occur within the next month, this change will see POL become the primary gas and staking token within Polygon’s Proof-of-Stake (PoS) network.  The

August 19, 2024 2 mins read

Is Shiba Inu’s Burn Rate Decline a Sign of Trouble Ahead?

Shiba Inu (SHIB), the world’s second-largest meme coin, has witnessed a significant decline in recent weeks, with its price falling by approximately 24% over the past 30 days. This drop has pushed its market capitalization below $8 billion, positioning SHIB as the 16th-largest cryptocurrency.  Meanwhile, the coin’s burn rate—a critical

August 19, 2024 2 mins read

Will Altcoins Resume Dips or Attempt a Recovery?

The largest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH), continue to experience bearish fluctuations within the $58K and $60K level and ETH within the $2.6K level, respectively. Altcoins are witnessing a continuous decline, facing selling pressure and a lack of buying interest.  Earlier, the altcoin market experienced a

August 19, 2024 3 mins read

Can Toncoin (TON) Sustain Its Bullish Surge? 

Toncoin (TON) has experienced significant upward momentum, trading at $6.92, following a 6.34% surge over the past 24 hours and a notable 139% increase in trading volume during the same period. Over the past week, TON has shown a 13% rise, recently reaching a 24-day high of $7.246. This price

August 19, 2024 2 mins read

Leading Crypto Gainers Spotted Over the Past 24 Hours

The overall crypto market is briefly in the bullish array. Cryptocurrencies are returning from their lows and priced in green. Moreover, the fear and greed index stays at 44, suggesting a neutral sentiment in the market. In the past 24 hours, the global crypto market cap has witnessed a minute

August 17, 2024 3 mins read

Can Shiba Inu (SHIB) Expect a Revival Soon this Week?

The meme coin market is priced green, and several meme coins have briefly spiked from their recent lows. Among them, the dog-themed meme coin, Shiba Inu (SHIB), has seen a price recovery of 2.45% over the past 24 hours.  On the other hand, SHIB’s burn rate has been displaying a

August 14, 2024 2 mins read

Is XRP Poised for Major Price Surge After Years of Consolidation?

As Q3 unfolds, the altcoin market continues to grapple with bearish conditions. However, XRP stands out with a notable surge, climbing 12% over the past week from a low of $0.4319. Currently trading at $0.5803, XRP’s recent performance contrasts with the broader trend of slow recovery among altcoins. Analysts remain

August 14, 2024 2 mins read

Memecoin Mania Tumbles as Experts Predict Significant Downfall

During the Blockchain Futuristic Conference in Toronto, Canada, a live discussion took place at the WonderFi main stage titled “Memecoins, Social Investing, and DeFi – How Retail Trading Will Continue Evolving.” Jelena Djuric, CEO of Noble and a panel speaker, expressed her skepticism about the longevity of these memecoins in

August 14, 2024 2 mins read

PayPal’s PYUSD Stablecoin Supply on Solana Exceeds Ethereum

PayPal’s U.S. dollar-pegged stablecoin, PYUSD, has seen significant expansion since its inception, with its supply on Solana now exceeding that on Ethereum.  In August 2023, PYUSD launched on Ethereum in partnership with custodian Paxos, and its initial supply grew to $230 million by the end of the year. Due to

August 13, 2024 2 mins read