Cryptocurrency News
Despite Ethereum’s poor performance year-to-date, Coinbase analysis suggests a bullish outlook for the second half of 2024. The potential approval of an ETH SPOT ETF, which has a 30% to 40% chance of passing, is a significant factor. Even if the ETF is rejected, there is a high likelihood of […]
After correcting by almost 50% in a month, Chainlink LINK found support and began to range until it located a key level on Wednesday. It initiated a surge and steadily increased until the price broke out of a range bound. The past month of trading has been indecisive for Link […]
Transaction fees on the Ethereum network have reached their lowest point in six months, largely due to the increasing adoption of layer 2 (L2) scaling solutions. In April, L2 projects accounted for a record-breaking 82% of all transactions, signaling a significant shift in how users interact with the blockchain. The […]
Bitcoin’s recent surge in funding rate on exchanges like DyDx and Deribit is causing concern among crypto enthusiasts, who are wary of history repeating itself after last week’s market top. With bullish sentiments prevailing, there’s a desire to keep Bitcoin FOMO (Fear of Missing Out) in check, ensuring that shorts […]
Render Token, an Ethereum-based distributed GPU rendering token, faced a sharp decline of 11% in its value today, marking a significant downturn in its price. This drop comes amidst a period of volatility in the cryptocurrency market, with investors closely monitoring developments within the ecosystem. According to data from Spotonchain, […]
The Ethereum memecoin $PEPE has seen a remarkable surge, hitting an all-time high of $0.00001127 today with a market cap surpassing $4.5 billion. This represents a significant gain of over 11% for the day and 32% over the past 7 days, making it the second largest crypto memecoin in the […]
The decentralized Oracle protocol, Tellor ($TRB), has experienced a notable uptrend over the past month, with its value soaring by an impressive 112% within this period. In the realm of cryptocurrency, Tellor stands out as one of the top performers in terms of weekly gains, having surged by 47% in […]
In a significant development in the cryptocurrency landscape, the bankrupt crypto lender Genesis Trading has recently initiated a deposit of $36.45M worth of 34 crypto assets to Gemini, one of the prominent cryptocurrency exchanges. Among the top five assets deposited are 16.4M GRT ($4.83M), 123K INJ ($2.95M), 396M AMP ($2.93M), […]
There’s a buzz in the crypto trading community surrounding two standout tokens: VELO and UMA. VELO, often dubbed the “XRP of South East Asia,” has seen an impressive surge in its price, gaining 358% in just six weeks. Meanwhile, UMA has caught the attention of traders with a significant 50% […]
Recent on-chain data suggests that notable cryptocurrency whales may have initiated substantial sales of ENA, a project launched on Binance’s Launchpool platform, which has garnered significant attention in the market. According to insights from Spotonchain, two whales executed deposits totaling 17.33M $ENA (equivalent to $15M) to Bybit within the past […]
Tron TRX has recovered significantly from the recent dip and is now displaying signs of strength. While looking strong, it is set to reclaim its previous high following a reverse bullish formation on the daily chart. While painting bearish scenarios for two months, TRX reaccumulated along the way down and […]
Bitcoin experienced a dip in value today, falling below the $62,000 mark and recording a 2.5% loss. However, amidst this downturn, a significant whale in the cryptocurrency market seized the opportunity to purchase an additional 250 BTC, totaling $15.56 million, at the bottom of the price drop. This whale has […]
Throughout the 2023-23 cycle, a notable discrepancy has emerged in the performance of Ethereum compared to Bitcoin. While Bitcoin has demonstrated resilience and maintained its price stability, Ethereum has experienced weaker price performance. There has been a growing divergence in performance between #Bitcoin and #Ethereum during the 2023-23 cycle thus […]
The modular ZkEVM Layer 2 token, $PROM, experienced a 5% decline in value today, reflecting the volatility inherent in the cryptocurrency market. On-chain data has revealed significant withdrawal activity involving Wallet 0x3a2, shedding light on potential market dynamics influencing $PROM’s price movement. Wallet 0x3a2 recently withdrew 49,999 $PROM, equivalent to […]
Render Token (RNDR), a prominent player in the AI Coins category, has captured the attention of the crypto markets with a remarkable 40% increase in weekly charts, despite experiencing a 6% decline today. With a current market capitalization of $3.86 billion USD, RNDR has emerged as a standout performer in […]
As the new trading week kicks off, several cryptocurrencies are making waves in the market, capturing the attention of investors and analysts alike. According to data from Santiment, three tokens stand out as the top trending assets in the crypto space. 🗣️👀 The top trending tokens in #crypto today are: […]
Despite experiencing a 7% decline in value today, the cryptocurrency token $FRIEND is witnessing increased accumulation by whales, signaling growing investor interest in the project. This trend is evident as on-chain data reveals notable inflows into the $FRIEND ecosystem. Machi Big Brother, a prominent figure in the cryptocurrency space, has […]
JUP is up 4% today amid the overall market deduction. However, it appeared to be facing a key resistance as it stages a new swing high. Failure to push through could invalidate the current bullish signal. Jupiter’s native token – JUP has been gaining traction for a straight week as […]