The cryptocurrency sector has fallen short of analysts’ predictions since July. Market analysts expected the H1 bullish momentum to sustain in the second half and propel prices further. However, the crypto market witnessed tremendous crashes twice in the past few months, causing prices to plummet to previous support levels. Notably,
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
The Twitter account of Luigi D’Onorio DeMeo, Chief Operating Officer of Ava Labs, was allegedly compromised by hackers. The breach became apparent when posts appeared on his official account promoting a newly launched Pokémon-themed memecoin associated with DeMeo. The posts were later removed. The posts, which have since been deleted,
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
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
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
Despite recent recovery efforts, the largest cryptocurrency, Bitcoin (BTC), seemingly extends losses in the market. Over the past 24 hours, the asset has struggled to clear the $60K level, and a low has formed near $57.5K. After a brief rebound, BTC is up by 1.42%, currently trading at $59,269, marking
As in the mid of August, Ethereum (ETH), has witnessed significant bearish momentum over the past weeks. This largest altcoin struggles to break through the oscillating price range and chooses to consolidate within $2,600-2,700. Last week on August 5, ETH declined to its seven-month low at the $2.1K range. Gradually,
Trump-themed memecoins have sharply declined following new poll results for the 2024 U.S. presidential race. The polls show Democratic nominee Kamala Harris leading Republican nominee Donald Trump by 10%, with her chances at 54% and his falling from 72% to 44%. Formerly, Trump had 64 percent of the vote against
Bitcoin, the leading cryptocurrency, continues to struggle under bearish conditions, despite recent attempts at recovery. After briefly falling below $56,100, Bitcoin has rebounded slightly and is currently trading at $58,000, reflecting a modest decline. Notably, trading volume is up by 11%. And, over the past seven days, Bitcoin has experienced
