[ad_1] Recently, Solana (SOL) has faced significant selling pressure, with $41 million worth of SOL being offloaded by major holders. As Solana (SOL) struggles to maintain its position above $130, a new player in the market, Mpeppe (MPEPE), is gaining traction with strong support from crypto whales during its presale phase. This article delves into the ongoing dynamics of Solana (SOL) and the rising interest in Mpeppe (MPEPE). The $41 Million Sell-Off: A Blow to Solana (SOL) Solana (SOL)’s journey through 2024 has been anything but smooth. After reaching impressive highs in previous years, the token has faced a series…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Cardano has been in the limelight lately, not only because it has slightly increased in price but also due to its forecasted surge. According to predictions, ADA may surge up 16% and reach as high as $0.37 by October 2024. But what really drew interest was the bold statement of Cardano analyst Dan Gambardello, that ADA could rally a whopping 1,000% against Bitcoin. Related Reading Gambardello’s forecast is based on a very similar setup to the bullish divergence in 2020 that indeed triggered a strong price ascent. In fact, despite this optimism,…
[ad_1] The Kazakhstan-based unit of Binance has received formal consent from the Astana Financial Services Authority (AFSA) to grant it a full regulatory licence, the crypto exchange announced today (Friday).Sealing Its Presence in KazakhstanWith this, it has stepped closer to becoming the first regulated Digital Asset Trading Facility (DATF) operator in the country. Once approved, the licence will enable Binance Kazakhstan to offer crypto trading services, engage in dealing investments as a principal, and provide crypto custody services.The latest development came about five months after the top global crypto exchange obtained ISO 27001 and ISO 27701 certifications for its platforms…
[ad_1] Solana (SOL) has been a hot topic in the cryptocurrency market, especially after its remarkable performance in 2023. However, 2024 has been a rollercoaster year for SOL, marked by significant volatility and uncertainty. Despite efforts to stabilize, including Binance’s announcement of a new staking service for Solana (SOL), the token has struggled to maintain its position above $130. As September unfolds, the big question is whether Solana (SOL) can make a comeback and possibly reach $150. However, analysts remain skeptical about its short-term prospects, especially when compared to the meteoric rise of Mpeppe (MPEPE), a new meme coin that’s…
[ad_1] Cryptocurrency analyst and trader Ali Martinez is leaning cautiously bullish on an Ethereum-based altcoin. Martinez tells his 70,300 followers on the social media platform X that the native token of the Ethereum (ETH) scaling solution Polygon (POL) is forming a descending triangle pattern, on the weekly chart. A descending triangle pattern is typically considered a bearish signal. According to Martinez, POL could appreciate by 155% from the current level if the support area at around the $0.34 price holds up. Source: Ali Martinez/X POL is trading at $0.369 at time of writing. If Polygon’s $0.34 support level fails, Martinez…
[ad_1] Data shows three popular Bitcoin momentum indicators recently formed a death cross pattern. Here’s what usually follows this formation. Bitcoin Momentum Indicators Have Seen Bearish Crossovers Recently In a new CryptoQuant Quicktake post, an analyst has discussed the latest trend in three momentum indicators related to Bitcoin. The momentum indicators here refer to combinations of some important moving averages (MAs) related to the cryptocurrency. The first is the “Active Address Momentum,” which involves the 30-day and 365-day MAs of the daily unique number of BTC Active Addresses. An address is said to be “active” when it makes some transaction…
[ad_1] Bitcoin and the broader crypto market are experiencing turbulent price action after nearly six months of corrections and consolidation. This prolonged period of volatility has kept investors on edge as prices fluctuate unpredictably. Recent data from Glassnode suggests that the current retracement phase may not yet be over. Short-term holders are particularly vulnerable, facing significant risks as the market adjusts and continues to test support levels. This ongoing uncertainty underscores investors’ challenges, highlighting the importance of closely monitoring market trends and data. As Bitcoin and other cryptocurrencies navigate through this volatile phase, adapting and making informed decisions will be…
[ad_1] Este artículo también está disponible en español. Shiba Inu (SHIB) lack of bulls in terms of price performance hasn’t stopped the crypto community to lose faith in the meme coin. Recently, renowned analyst Javon Marks shared an optimistic outlook for the meme-based cryptocurrency. This outlook shared by Marks comes at a time when SHIB is currently going through a bearish phase, although SHIB is not alone in this bearishness as several other notable meme coins such as Dogecoin (DOGE), PEPE and dogwifhat (WIF) has also seen major plunge in value. Related Reading Why Is A 480% Rise Ahead For…
[ad_1] Este artículo también está disponible en español. As the November elections draw near, former President Donald Trump is ramping up his support for Bitcoin and the broader cryptocurrency industry, positioning digital assets as a central theme in his campaign for the White House. America As The Bitcoin Capital During a recent address at the Economic Club of New York, Trump articulated his vision for embracing industries of the future, notably positioning the United States as the global hub for crypto and Bitcoin. “Instead of attacking industries of the future, we will embrace them, including making America the world capital…
[ad_1] The crypto industry might be looking unfavorable in terms of price increases with Bitcoin’s break below $50,000, but Shiba Inu (SHIB) holders seem to be defying the odds. Despite the overall market turbulence and significant selloffs, the dog-themed cryptocurrency has experienced a noticeable uptick in large transactions over the last 24 hours. This interesting trend surrounding Shiba Inu is noted through data from IntoTheBlock, an on-chain analytics platform. Notably, the platform’s ‘Large Transaction Volume’ metric reveals an impressive 34.5% rise in the volume of large transactions in the past 24 hours. Since the beginning of September, this metric has…