The cryptocurrency market is experiencing significant turbulence as altcoins face a sharp downturn while Bitcoin remains relatively stable. Despite Bitcoin trading below $66K, altcoins have suffered substantial losses, erasing gains from the March rally. The Market sentiment remains bearish, with calls for near altcoin season dwindling. Several factors contribute to
In the past few months, crypto regulatory policies have witnessed a global upscale. Countries such as Zimbabwe have initiated regulatory measures earlier this year. Amid crucial regulatory events, Taiwan announced the launch of a ‘crypto industry association’ encompassing leading members from 24 crypto firms. The association, “Taiwan Virtual Asset Service
Supra, a completely vertically integrated Layer-1 blockchain with Multi-VM support, in-protocol oracles, VRF, bridges, and automation capabilities, is thrilled to announce the launch of its competition, the “Super dApp Showdown.” The competition’s first season is slated to start in August 2024, and judges from Supra, Google Cloud, Republic Crypto, Hashkey Capital, and
Bitcoin and Ethereum have shown brief upsurges in price, fueled by the US CPI data release. Other altcoins have begun to show recovery after the past week’s price dip. Solana (SOL), has shown a daily increase in its price after its recent weekly dip. Notably, the token’s market price increased
The release of the May US Consumer Price Index (CPI) data revealed a slight decrease in inflation, dropping from 3.4% in April to 3.3% in May, which has had a positive impact on the cryptocurrency market, leading to a strong recovery in major crypto assets. As Bitcoin’s price continues to
The cryptocurrency market is abuzz with excitement, sparked by a promising Ton price prediction for June, notable moves by Cardano whales, and BlockDAG’s groundbreaking advancements. The latest Ton price prediction suggests potential growth, offering substantial returns for investors. Meanwhile, Cardano whales are turning towards memecoins, showcasing their adaptability and pursuit
Following a rocky past few months, June has unlocked new opportunities in the crypto space with a buoyant market. The market is experiencing an uptrend as BTC breaks the $70k limit and looks to perform even better. As altcoins typically catch the buzz, meme coins are following suit with the
Whale accumulation occurs when these significant holders accumulate large quantities of a cryptocurrency. Their actions can signal potential bullish trends, as their investments often lead to increased demand and higher prices. Recently, massive whale accumulation has been observed for Retik Finance (RETIK), a promising rival to Solana (SOL). This trend
Despite a 4.23% drop in Shiba Inu’s price, the memecoin displayed a 2,800% rally in its burn rate over the past 24 hours, removing nearly 8 million tokens from circulation. More than half of this amount was burned in a single transaction about 21 hours ago. The burning mechanism will
In recent weeks, the Solana (SOL) price has continued to consolidate around critical support levels, following Bitcoin’s latest struggle to establish a clear trend above the $70,000 psychological mark. Despite the overall stable market sentiment, Solana has experienced a mood swing in key on-chain metrics, suggesting the possibility of a
