Ethereum has shown a notable price trend; in the past week, the price of ETH was higher. Previously its price fell slightly below the $12k mark. However, recently the price of the token has increased. Crypto analysts believe that if ETH bulls fail to give currency the much-needed momentum above the $12k mark, then chances…
Just when the Polygon (MATIC) bulls had thought that they were going for a strong rally, things have gone south for them. The latest trading session may have started on a higher note for the investors but it did not end well for them. The investors could see the trading price of MATIC moving higher…
As the year 2022 is about to come to a close, investors are worried about the cryptocurrencies they have invested in. Most of the cryptocurrencies in the crypto-verse are not able to bring in any kind of returns, which is very alarming for the crypto community. As the entire cryptocurrency industry is facing a downtrend,…
On December 25th, the total hashrate of bitcoin dropped as low as 170 exahash per second (EH/s), as reports indicated that during a huge winter freeze, Texas bitcoin miners had decided to reduce their hashpower. According to statistics, there was also a drop of 100 exahash from the network, but it had made a rebound…
From the year 2021, the blockchain gaming sector has witnessed a great adoption level. The industry has continued growing larger over the past couple of years and things are only getting better. The sector has recorded huge gains in the past couple of years but investments have increased in the sector in the past couple…
In November 2022, the first week was full of surprises and major upsets for the entire cryptocurrency industry. It wasn’t just the major cryptocurrencies but every altcoin felt the impact of the FTX crash. Since then, the cryptocurrency industry has been struggling to recover. Still, things are not recovering the way the analysts and market…
Bitcoin is printing a bearish pennant setup. BTC’s derivatives market’s open interest slumped significantly last week. Bitcoin welcomed this week with selling momentum following its failure to sustain gains realized last week. A new analysis from CyptoQuant shows the leading cryptocurrency can dip further this week. Ghoddusifar, a pseudonym CryptoQuant analyst, stated that BTC is…
Solana struggled to reclaim its crucial demand territory of $20, with its price hovering at $13.5. Solana remains weak amid the bears’ regime, and breaking past $20 may not be soon. SOL trades beneath the 50 and 200 EMAs (Exponential Moving Averages) amid extended weakness. Solana’s price remains beneath the $20 value area following rejections…
Metaplex’s Chief Executive Offices and Co-founder Stephen Hess declared moves to lay off multiple individuals following the FTX collapse. Metaplex is a Solana non-fungible token (NFT) protocol. The CEO added that the platform has to let employees go, though the FTX debacle didn’t directly affect its treasury. However, it’s noteworthy that the protocol hasn’t specified…
Leading ETH whales accumulate in a way that might see the alt’s price correcting. The presumption remained valid as the DAA divergence shows Ethereum was far from undervalued conditions. The latest market turbulence saw cryptocurrency prices recording downturns, and Ethereum wasn’t an exemption. Nevertheless, market participants that could have anticipated some relief might have endured…
AXS hit its ATH at $166.09 on 6 November last year. Its price hovers below $10 at the moment. Axie Infinity is yet to recover from the March 2022 Ronin bridge hack. Axie Infinity is an ERC20 utility coin that also serves as a governance coin. Meanwhile, the alternative token has dropped beneath the $9.50…
Multiple metrics, including exchange reserves and MVRV Ratio, suggested more price dips. Market indicators aren’t favoring the alt, worrying SUSHI investors. SushiSwap hit the news again, joining the lust of Polygon’s top projects as far as Altranking is concerned. Market players might consider that as a massive bullish signal. Besides Polygon, SushiSwap topped the most…
