Litecoin [LTC] momentum weakens – but is a reversal likely
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. LTC dropped below its rising channel. LTC’s price consolidation could persist into the weekend but change early next week. Litecoin [LTC] hit rock bottom of $61 in December 2022 but rallied to $93 in […]
Chiliz Chain 2.0 on the way: Gauging its effects on CHZ
Chiliz’s network upgrade may increase demand exponentially. Short-term CHZ prospects remained weak, but the long-term outlook just got a lot better. The Chiliz [CHZ] network was in the midst of a major network upgrade at press time. According to an update by founder Alexandre Dreyfus on 26 January, Chiliz 2.0 would introduce various positive changes. […]
Shiba Inu gets atomic support in preparation for Shibarium launch
Atomic Wallet has announced support for Shibarium. TVL, daily active address, and price of SHIB were not impressive. “Wen Shibarium” has been a frequently asked question in the Shiba Inu community. Shiba Inu may have gained ground in the run-up to the introduction of Shibarium thanks to a post made by Atomic Wallet on 27 […]
Solana [SOL]: Is a retest of $25 area likely? Well, yes, only if…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion SOL could aim at a critical selling pressure zone if BTC aims at $23.3K. SOL’s development activity improved, boosting investors’ confidence. Solana [SOL] dropped below the $24.33 level after Bitcoin [BTC] fell to $22.5K. […]
U.S. SEC probes deeper into crypto compliance: What does it entail?
The U.S. SEC was probing registered investment advisors over whether they were compliant with crypto rules. The investigation was accelerated following FTX’s collapse. The United States Securities and Exchange Commission (SEC) was reportedly probing registered investment advisors operating in traditional finance over their compliance with the rules surrounding custody of client crypto assets. Custody of […]
Aave [AAVE] passes proposal to clear millions in debt… Details inside
Aave’s community recently approved a proposal to clear a bad debt of 2.7 million CRV. The bad debt stemmed from a failed exploit launched by Avraham Eisenberg in 2022. DeFi lending protocol Aave [AAVE] passed a governance proposal on 25 January, which sought to eliminate excess debt in the Ethereum [ETH] v2 liquidity pool’s CRV Reserve. […]
Chainlink [LINK] completes a trillion-dollar milestone in this arena
Chainlink recently executed over $7 trillion in Transaction Value Enabled (TVE). LINK price reacted positively by increasing by over 4% in value. In addition to the many other significant announcements made by Chainlink, the network has recently revealed a milestone it has reached. Although the network’s popularity has increased due to its many collaborations and […]
Assessing the odds of Canto DEX pushing ATOM up on the price chart
Canto DEX set a new record with a $63.2 million transaction volume. An increase in development activity and ATOM’s volume suggests good days for the Cosmos network ahead. The Cosmos-based L1 blockchain Canto DEX recently set a new record with its transaction volume reaching $63.2 million, surpassing the likes of Solana and Fantom. In addition […]
AAVE could trade sideways until early next week- Should you continue HODLing?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion AAVE’s uptrend was slowed and forced into a range. Price/Open Interest divergence could undermine further short-term uptrend momentum. Aave [AAVE] has been in price consolidation since mid-January. Similarly, Bitcoin [BTC] has been trading sideways […]
Should Ethereum Classic bulls wait for a dip to the range lows?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Ethereum Classic traded within a range. Range highs and range lows could be key over the next few days. Bitcoin continued to consolidate around the $23k area. While it has a bullish bias, a dip […]
Optimism short-term holders planning to book profit should read this first
Velodrome, a new DEX on Optimism, witnessed a 52% uptick in TVL. Despite declining transactions and testnet performance, positive indicators suggested an optimistic future for Optimism. Recently, a new decentralized exchange (DEX) on the Optimism network called Velodrome witnessed a 52% uptick in its total value locked (TVL). This significant growth in TVL has also […]
NEAR is still far from its pre-FTX level, but don’t lose hope because…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion NEAR must overcome two obstacles to reach its pre-FTX levels. NEAR’s Funding Rate stagnated for the past week. NEAR Protocol [NEAR] posted 118% gains after rising from $1.240 to $2.710. But the uptrend hasn’t […]
Bitcoin moves above short-term bull flag- Will $26k be the next target?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The daily timeframe structure was strongly bullish. A dip below $22.2k will break the lower timeframe bias. Bitcoin rallied hard throughout January and has posted gains of 44.3% from the swing low to the swing […]
Arbitrum outperforms Polygon and Optimism in this key area
Arbitrum generated higher revenue compared to other L2 solutions with no token incentives. NFT trading volume surged on Arbitrum. Arbitrum was observed to be generating more revenue when compared to other layer-2 solutions like Optimism and Polygon. According to data provided by the token terminal, Arbitrum generated $14.4 million in revenue without accumulating any overhead […]
dYdX registers unprecedented increase in its value; the reason is surprising
dYdX has seen an increase of over 30% in the last 48 hours. dYdX’s increase in value began after the exchange announced the postponement of its token unlock. The price of dYdX has significantly increased during the last day, possibly at the most significant rate of increase year to date. The primary driver of the […]
ApeCoin [APE] moves to a higher range, but there’s an issue
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion APE could oscillate in a higher range if BTC maintains the $23K zone. There was a slight accumulation despite a drop in trading volume. ApeCoin [APE] has been oscillating between $5.386 and $6.000 since […]
Aptos [APT] is in price discovery, are you too late to the party?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The higher timeframe charts showed overbought conditions but APT hasn’t slowed down yet. Short-term consolidation near $18 meant a retest could offer a buying opportunity, with Fibonacci extension levels to take profit at. Bitcoin broke […]
Coinbase gets hit with a sanction in the Netherlands, details inside
Coinbase was sanctioned over $3 million for failing to register with Dutch authorities duly. The exchange was also listed as one of the creditors of FTX in the latest court filings. Following the FTX collapse, Coinbase rose to take over as the second-largest cryptocurrency exchange behind Binance. While attempting to broaden its users and services, […]
Is Bitcoin in early bull phase? Refer to these metrics for an answer
Bitcoin entered the early stages of a bull phase, as per CryptoQuant’s data. A decline in Bitcoin returns compared to other cycles was observed. Bitcoin has entered the early stages of a bull phase, according to recent data provided by CryptoQuant. Now, you might ask for a more detailed explanation. Well, for that purpose, consider […]
Recap of Tron’s growth journey and why TRX should be in your watch list
Tron’s prospects look good after the robust growth it achieved in 2023. TRX could benefit from the network growth but only if the market is aligned positively. Crypto-savvy observers and enthusiasts may have noticed that the Tron blockchain network has been receiving an increasing share of the spotlight. This has been the case for the […]