[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
Author: dfrancis36
[ad_1] On-chain data shows PEPE and FET are among altcoins that have seen a sharp growth in their addresses recently, a sign that may be bullish. PEPE, FET, & ENS Have Enjoyed Sharp Network Growth Recently According to data from the on-chain analytics firm Santiment, three altcoins have seen a sudden spike in their Network Growth. The “Network Growth” here refers to an indicator that keeps track of the number of addresses coming online for the first time on a given blockchain. New address creation can occur due to new investors coming into the cryptocurrency or old ones who had…
[ad_1] Bitcoin Cash’s hash rate surged overnight. The surging BCH hash rate is raising questions about the sudden change. Roger Ver was released from jail, but his troubles are far from over. The hash rate measures the health and security of a blockchain network. It represents the computational power dedicated to mining, with higher rates signifying increased network strength and attack resistance. For Proof of Work blockchains like Bitcoin Cash (BCH), the hash rate refers to the number of guesses per second needed to match the target hash and earn mining rewards. On Tuesday evening GMT, Bitcoin Cash experienced a…
[ad_1] Ethereum price failed to clear the $3,520 zone and started a fresh decline. ETH dived below the $3,250 support and even tested the $3,150 zone. Ethereum started a fresh decline below the $3,320 and $3,250 levels. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,325 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,320 zone. Ethereum Price Takes Hit Ethereum price failed to continue higher above the $3,450 and $3,420…
[ad_1] American entrepreneur and Bitcoin bull Anthony Pompliano has again affirmed his bullish sentiment towards the flagship crypto. This time, he advised investors on what they should be doing during this BTC dip and suggested that there was no need to be concerned despite Bitcoin’s recent underperformance. Bitcoin Dips Are For Buying In an interview with FOX Business, Pompliano mentioned that Bitcoin dips are buying opportunities and that every “great investor” who knows what they have understands they should buy more when prices move against them. He further claimed that anyone questioning whether or not they should be buying more during…
[ad_1] VanEck leads the charge for a Solana ETF in the US. Speculation abounds of a leadership change at the SEC. Sigel expects crypto voters to play a significant role. Exchange Traded Funds (ETFs) in the US have gained significant attention due to their potential to attract institutional investors to crypto. With the recent approval of Ethereum ETFs, investment firm VanEck is pushing for approval for its own Solana ETF. However, any altcoin ETF will likely face significant regulatory hurdles. The regulatory environment in the US is so problematic that even VanEck’s analysts acknowledge that substantial changes would need to…
[ad_1] Bitcoin is down at press time, wiping the weekend’s gains and inching closer to $60,000. If bears press on, increasing their shorts, the odds of the coin sliding below the psychological number and $56,800 remain high. Glassnode: STHs Are In Red As the world’s most valuable coin finds itself at a critical juncture, fast approaching $60,000, on-chain data points to weakness at spot rates. Related Reading In a post on X, Glassnode, a blockchain analytics firm, highlighted how BTC finds itself in a unique situation. Bitcoin short-term holders are in red | Source: @glassnode via X While Bitcoin…
[ad_1] The Polifi sector has taken a significant hit as the political tussle between Trump and Biden intensifies. The sector, which once held promise, has seen a massive downturn, with Boden, one of its major players, dropping 95% from its peak. This article delves into the implications of this decline and explores the broader impact on the Polifi sector. The Decline of the Polifi Sector The Polifi sector, which encompasses the intersection of politics and finance, has been on a downward trajectory due to heightened political tensions. Boden, a key company in this sector, has experienced a drastic drop in…
[ad_1] Asset managers VanEck and 21Shares have officially submitted S-1 applications to the US Securities and Exchange Commission (SEC) for the first spot Solana ETF in a major development for the cryptocurrency industry. This move comes as the Bitcoin ETF market has experienced significant success since its launch in January, with the Ethereum ETF market expected to commence trading in the upcoming week. However, Matthew Sigel, VanEck’s Head of Digital Asset Research, has emphasized that the ultimate approval and likelihood of trading for the anticipated Solana ETF market heavily depend on the outcome of the upcoming US Presidential election. This…
[ad_1] Decentralized oracle network Chainlink (LINK) is suddenly seeing a lot more development activity, according to new data published by the crypto analytics platform Santiment. Santiment notes that Chainlink has shot up in rankings in terms of development activity over the last 30 days from fourth place in May to second place last month. Meanwhile, decentralized app protocol Hedera (HBAR) continues to lead in the crypto space in terms of development activity. “Here are crypto’s top coins by development frequency. Hedera remains at the top spot, with Chainlink sliding into the number two position. The below list is sorted by…