[ad_1] A closely followed crypto analyst says one altcoin that has seen tremendous gains over the last year is primed to continue its ascent. In a new thread, crypto strategist Michaël van de Poppe tells his 722,300 followers on the social media platform X that decentralized finance ecosystem Mantra (OM) is gearing up for another leg up after seeing staggering gains of 2,800% year-to-date. “OM made a new ATH (all-time high)! Recently confirmed breakout as expected and running in almost 30% profit since last post. I’m expecting OM to do better in the coming period, given that the markets are…
Author: dfrancis36
[ad_1] Recently, injective (INJ) has undergone explosive growth, pushing itself to unprecedented heights and drawing interest both from experts and bitcoin aficionados. Over the past week, the digital asset has jumped about 32%, and a measly 1% in the last day. INJ climbs in the weekly frame. Source: Coingecko Related Reading INJ, at the time of writing, was trading at $26.17. A chance that its price will explode, going as high as $380, could be in the cards. Here, we break down the factors that have led to INJ’s great success and talk about what might happen in the future…
[ad_1] Indian cryptocurrency exchange WazirX has reportedly lost approximately $235 million in digital assets due to a significant cybersecurity breach that occurred in the early hours of Thursday. According to the post shared by the firm on X, the breach appeared to have targeted their multi-sig wallets, resulting in a substantial amount of funds being lost. Following the hack, Blockchain analytics firm Elliptic, in its latest report, attributed the theft to hackers with links to North Korea. This was also echoed ZachXBT in his recent post on X, disclosing that the “WazirX hack has the potential markings of a Lazarus…
[ad_1] In a research report released on July 18, 2024, Thor Hartvigsen, a crypto researcher, strongly cautioned against the investment strategy of purchasing high-beta altcoins within the Ethereum ecosystem as a leveraged tactic, particularly with the forthcoming launch of the spot Ethereum ETFs in the United States. Hartvigsen’s analysis titled “ETH Beta – a Recipe for Disaster?” provides an analysis of whether buying ETH-correlated altcoins, commonly referred to as ‘ETH betas,’ constitutes a good investment strategy. These assets, including tokens like OP, ARB, MANTA, MNT, METIS, GNO, CANTO, IMX, STRK (all L2’s), MKR, AAVE, SNX, FXS, LDO, PENDLE, ENS, LINK…
[ad_1] Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments…
[ad_1] Like Bitcoin and top altcoins, including Solana, Ethereum is holding steady. At the time of writing, it is trading above the local support at $3,300 and floating higher, targeting $3,700. Speculators Flowing To ETH As Bulls Set Sight On $3,700 The leg up is fueled by multiple market-related factors, mainly the anticipated launch of spot Ethereum ETFs in the next few days. As seen from the daily chart, news of the United States Securities and Exchange Commission (SEC) fast-tracking the approval of 19b-4 forms sparked a wave of demand from May 20. However, speculators are permeating the scene even…
[ad_1] On Thursday, the Polygon Foundation announced the date for its upcoming MATIC to POL upgrade after reaching a community consensus. The long-awaited token migration will occur in less than two months and aims to kickstart Polygon’s native token expansion. MATIC saw a 7% drop following the news. Related Reading Save The Date: Polygon Token Upgrade Coming Soon The Layer-2 scaling solution for Ethereum, Polygon, revealed the highly anticipated date for its native token upgrade. Set for September 4, the initial phase will begin with the token migration from MATIC to POL. Polygon Foundation announces token upgrade date. Source: Polygon…
[ad_1] As the July 23 deadline for launching the spot Ethereum ETF (exchange-traded fund) market approaches, asset management firms have disclosed their management fees, signaling the imminent approval of applications by the US Securities and Exchange Commission (SEC). BlackRock’s Fee Cut Strategy According to BlackRock’s amended S-1 registration statement filed on Wednesday, the asset management giant will charge a 0.25% management fee for its spot Ethereum ETF ETHA. The fee will be accrued daily at an annualized rate of 0.25% of the fund’s net asset value and payable at least every three months in US dollars, in-kind, or a combination…
[ad_1] Solana started a steady increase above the $155 zone. SOL price is signaling a decent increase above the $162 and $165 resistance levels. SOL price started a decent upward move above the $155 resistance against the US Dollar. The price is now trading above $158 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $159 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could aim for more upsides if it clears the $162.50 resistance level. Solana Price Remains In Uptrend Solana price remained in a…
[ad_1] On-chain data shows the Dogecoin whales have gone on a buying spree while the memecoin’s price has declined in the last 24 hours. Dogecoin Whales Have Increased Their Holdings During The Past Day As pointed out by analyst Ali Martinez in a post on X, the Dogecoin whales have participated in net accumulation in the last 24 hours. The on-chain metric of relevance here is the “Supply Distribution” from the analytics firm Santiment which tells us about the amount of DOGE that a given wallet group is currently holding. Addresses are divided into these wallet cohorts based on the…