After declining from a 21-month high in the past month, MATIC activated another drawdown a few days ago and approaches a two months support. A huge price movement should be expected if the price drops below it. MATIC slipped below the $0.83 level yesterday in continuation of its bearish trajectory […]
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CARDANO PRICE ANALYSIS & PREDICTION (January 18) – ADA’s Bears Target This Key Support Level After Losing 20% In A Month
Cardano lost buzz in December and initiated a drop below the $0.6 level. It attempted this level last week but the price fell back and continued to dip. Now facing a minor support level after shedding a 5% loss in a week. ADA’s short-term bullish ended last month after testing […]
RIPPLE PRICE ANALYSIS & PREDICTION (January 18) – XRP Signals More Drops But Trapped In This Demand Zone, Down 7% Weekly
Since Ripple entered a crucial demand zone this month, the price has remained trapped. However, it paints a gloomy picture on the daily chart with a potential breakdown. The price may roll back to the bottom. Following past months of bearish, XRP has lost over 30% of its valuation in […]
POLKADOT PRICE ANALYSIS & PREDICTION (January 18) – DOT Eyes $6.5 In The Upcoming Drawdown, Will This Price Level Produce A Rebound?
Following a sharp rejection last week, Polkadot dropped and resumed selling this week but has remained calm in the past hours due to an extreme drop in volatility. We can expect a big drop if an expansion occurs. During the last short-term bullish rally, Polkadot formed an “inverse head and […]
AVALANCHE PRICE ANALYSIS & PREDICTION (January 18) – Calm Before The Storm: Avax Signals More Bearish But Remains Indecisive
Avax initiated a drop and decreased by almost 15% in the past weeks. It held the $35 level as support and remained indecisive above it. A drop from that level could slip the price back to the monthly low with a potential breakdown. Following multiple rejections in the past weeks, Avax’s […]
SOLANA PRICE ANALYSIS & PREDICTION (January 18) – Sol Fails To Retake $100 Following A Sligh Recovery, More Drops Lie Ahead
Solana’s price continued to fall by the day and has lost roughly 10% of its valuation in the last three weeks. It recently recovered from the monthly low but has found it difficult to push above a critical resistance. Since the price touched the $126.3 level in late December, Sol […]
Socket Faces Security Breach Resulting In ~$3.3M Loss
Socket, a protocol in the decentralized finance (DeFi) space, recently encountered a security incident that led to a loss of approximately $3.3 million. The vulnerability stemmed from a call injection attack on the Socket protocol, specifically impacting wallets with infinite approvals to Socket contracts. As a response, all affected contracts […]
Whale Sell-Offs Indicate Significant Downturn For $LDO And $AAVE
Over the past 24 hours, both $LDO and $AAVE have experienced notable declines in their respective values, shedding 15% and 3%. The primary catalyst for these downturns appears to be substantial token sales by prominent holders, commonly known as whales. Insights from on-chain analytics platform Spotonchain unveiled a recent sizable […]
Ethereum’s Market Dominance Surges As Bitcoin Consolidates After ETF Adoption
While Bitcoin’s price has been in a consolidation phase post ETF adoption, Ethereum is witnessing significant gains. Currently trading at $2,571, Ethereum’s market valuation has reached $308.97 billion, marking a 1.53% increase. According to Santiment data, Ethereum’s price dominance against Bitcoin has surged by +22.4% in the past week. This […]
Bitcoin Spot ETFs Garner Nearly $10 Billion In Three Days; Grayscale Dominates Trading Volume
The U.S. Bitcoin spot ETFs witnessed a staggering total trading volume of almost $10 billion within a span of three days, according to insights from Bloomberg analyst James Seyffart. Grayscale GBTC led the charts with a three-day trading volume of $5.174 billion, followed by BlackRock’s IBIT at $1.997 billion and […]
KLAYTN PRICE ANALYSIS & PREDICTION (January 17) – Klay Signals A Fresh Buying Amid Latest Price Recovery, Gains 17% Today
Following a recent bounce off a key level, Klay increased by 17% today and slightly reclaimed its previous high. It has similarly joined in the latest recovery amongst the low-cap altcoins. Klay halted buying at $0.278 last month and went through a broad correction two weeks ago. It ended that […]
AXIE INFINITY PRICE ANALYSIS & PREDICTION (January 17) – AXS Forms Bullish Pattern But No Enough Volume, Can It Advance Higher?
Today saw Axie through a small increase following a steady recovery from a key level in the past weeks. It is forming a bullish on the lower timeframe but volume remains low at the moment. As most altcoins witnessed in the recent bullish cycle, AXS saw a notable recovery as […]
CHILIZ PRICE ANALYSIS & PREDICTION (January 17) – CHZ Breaks Out Following A Massive Recovery In A Week, Are The Bulls Back
As some low-cap altcoins saw notable recovery overnight, Chilliz’s price increased significantly and broke into a new monthly high. It currently looks strong and technically set to take more highs on a daily. Following the late 2023 recovery across the crypto space, CHZ increased steadily and later surged through several […]
BINANCE COIN PRICE ANALYSIS & PREDICTION (January 17) – BNB Bounces With a Slight Gain Today But Faces Crucial Resistance Line
As most altcoins trade at their weekly low, Binance Coin has recovered slightly today and has tapped a 4% gain in the past hours. Although, it’s still under correction but may resume bullish if a breakout occurs. Since the price fell from a year peak of $338.5 in late December, […]
El Crypto Prof is Excited About Altcoin’s New Achievement – Top Three Altcoins in 2024: Injective (INJ), Lido DAO (LDO), and Meme Moguls (MGLS)
Prominent crypto analyst, El Crypto Prof recently shared information about a significant event in the cryptocurrency market, specifically related to altcoins. In the post, he mentioned a “golden cross” of the Gooner EMA (Exponential Moving Average) on the monthly chart, suggesting it’s a strong signal. In light of this development, […]
Klaytn and Finschia Explore Merger To Forge Asia’s Largest Web3 Ecosystem
Blockchain networks Klaytn, backed by South Korea’s Kakao, and Finschia, developed by Japan’s LINE, have unveiled a merger proposal aimed at combining their technologies and user bases, potentially establishing the most extensive web3 ecosystem in Asia. The proposed merger between the leading blockchains in Japan and South Korea anticipates the […]
Decentralized Finance’s ($DeFi) Lending Protocols Flourish in 2024: Radiant Capital ($RDNT) Takes The Lead
The world of decentralized finance (DeFi) is experiencing a surge in lending protocols, with Radiant Capital ($Rdnt) leading the pack with an impressive 188% surge in coin performance in 2024. Notably, $QI, $SILO, and $WELL are following closely, each experiencing over 100% growth. Among lending protocols in the DeFi space, […]
Polygon Faces Allegations Of Token Allocation Issues And Suspicious Flows To Exchanges
Polygon, a prominent blockchain network, is under scrutiny for apparent discrepancies in its token distributions, raising concerns about potential collaboration with Binance, as reported by intelligence organization ChainArgos. ChainArgos conducted research revealing disparities between Polygon’s stated objectives for token distribution and the actual movement of tokens. The primary focus of […]