[ad_1] On-chain data shows Litecoin has recently recorded its highest weekly volume since May 2023. Here’s what this could mean for the asset’s price. Litecoin Transaction Volume Has Been Rising Recently In a new post on X, Jay Milla, the director of marketing at Litecoin Foundation, has pointed out that the LTC network has witnessed a large amount of transaction volume during the past week. The “transaction volume” here refers to an on-chain metric that keeps track of the total amount of Litecoin that’s becoming involved in transactions on the network every day. When the value of this metric is…
Author: dfrancis36
[ad_1] Cardano price started a fresh decline below the $0.3550 zone. ADA is consolidating above $0.3400 and might attempt a recovery wave. ADA price started a downward move below the $0.3500 support level. The price is trading below $0.3550 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.3600 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.3585 resistance zone. Cardano Price Consolidates Losses After testing the $0.3685 resistance, Cardano struggled to continue higher. ADA…
[ad_1] Vietnam has taken a significant step towards advancing its blockchain ecosystem by releasing its National Blockchain Strategy. The strategy, announced by the Ministry of Information and Communications (MIC) on October 23, outlines a roadmap for the country’s development of a decentralized network and aims to position Vietnam as a “regional leader” in the sector. The strategy aligns with the goals of the Fourth Industrial Revolution, a global initiative to integrate major technologies into economies. Legal Frameworks And Digital Asset Recognition As disclosed in the report published earlier today, the strategy by Vietnam lays out five core focus areas overseen…
[ad_1] Bitcoin (BTC) has seen a slight price decline recently, but according to a new analysis, there could still be signs of a potential short-term uptrend. A CryptoQuant analyst, Yonsei Dent, shared his insights on the CryptoQuant QuickTake platform, focusing on the Coinbase Premium Index and its impact on Bitcoin’s price movement. Key Indicators For Bitcoin Short-Term Momentum Dent’s analysis takes a closer look at how the movement of the Coinbase Premium Index—a measure of the price difference between Bitcoin on Coinbase and other exchanges—could indicate potential price trends for Bitcoin. Dent highlighted using the daily (24-hour) and weekly (168-hour)…
[ad_1] A former Bitcoin developer refuted allegations that he is the real Satoshi Nakamoto, creator of Bitcoin, after an HBO documentary pinpointed him as the Bitcoin mastermind. Peter Todd, who claimed the documentary falsely identifies him as Satoshi, believed that it is pointless to know who the Bitcoin founder is, considering Bitcoin has thrived despite the founder’s true identity, which remains shrouded in mystery. ‘A False Claim’ Todd criticized the documentary’s filmmaker for accusing him of being Satoshi, saying that it is a false claim. He lamented that the film put him in the spotlight of public scrutiny despite his…
[ad_1] Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), has seen notable growth since launching in July. The Web3 automation provider reported a significant increase in demand for its “super-transactions” solution ahead of its token launch. Web3 Automation Provider Sees 900% Demand Increase Ava protocol reported a 900% surge in demand for its blockchain automation solution. The EigenLayer AVS offers Web3 infrastructure to support cross-chain automation, enabling composable autonomous transactions and allowing developers to deploy dApps rapidly. The protocol records $3 billion in restaked assets since launching on EigenLayer’s mainnet four months ago. Ava Protocol’s operator Total Value Locked (TVL) reportedly…
[ad_1] Bitcoin is displaying strong resilience, breaking through several key resistance levels and bullish technical patterns in spite of a downswing across the general cryptocurrency market, leading to a slowdown in BTC’s renewed upward movement. Bitcoin Undergoes Key Breakout From Bullish Pattern Bitcoin’s recent breakthrough from a Broadening Wedge pattern may increase hope for a possible upward rally for BTC as crypto analyst and trader, Mags points to this formation as a key indicator of upward momentum. This particular breakout is crucial and could fuel a rally given the lengthy period of formation. The broadening wedge formation which forms a…
[ad_1] The on-chain analytics firm Santiment has revealed the potential reason behind the corrections that Dogecoin and Apecoin have faced recently. Dogecoin & Apecoin Are Among Memecoins That Fell Prey To FOMO Recently As explained by Santiment in a new post on X, the Positive Sentiment vs. Negative Sentiment Ratio has seen a spike for Dogecoin and other memecoins recently. The “Positive Sentiment vs. Negative Sentiment Ratio” here refers to an indicator that tells us whether major social media platforms are leaning towards positive or negative comments right now. This indicator makes use of a machine-learning model designed by the…
[ad_1] A recent Nansen report revealed that the Game Finance (GameFi) sector is expected to see major growth by the decade’s end, driven by decentralized economic systems, the rise of AAA games in Web3, and the popularity growth of role-playing games (RPG). What’s Behind Web3 GameFi’s Growth Blockchain analytics firm Nansen revealed that the Web3 GameFi sector is set for major growth throughout the decade, with projections suggesting a 68% compound annual growth rate (CAGR) from 2024 to 2030. This potential surge could see the sector reach $301.5 billion in the next six years, driven by decentralization, true asset ownership,…
[ad_1] Este artículo también está disponible en español. As Bitcoin (BTC) experiences a minor correction, trading below the critical $66,000 support level after several unsuccessful attempts to breach the $70,000 mark, analysts observe significant technical indicators that may signal future price recoveries. Notably, BTC’s weekly Moving Average Convergence Divergence (MACD) has turned bullish for the first time since October 2023. This shift in the MACD parallels previous market behavior, particularly the substantial rally in the 2021 bull market. Current Bitcoin Trends Echo 2021 Rally, New ATH Possible Crypto analyst CryptoBullet has pointed out that the last time the MACD signaled…