The latest market analysis reveals that Ethereum experienced a 3% loss this week, showcasing its inability to stop the downtrend. The price of ETH lost its previous support at $3,300, now acting as a key resistance level. With current support at $2,800, there is a possibility of ETH testing this level if the markets continue
Recently, XRP experienced a significant drop in price from $0.66 to around $0.56. This decline was accompanied by a bearish pattern indicating a potential further downtrend. The decrease in value was around 7% on a daily scale and 14% since its local high. Analysts have pointed out that the XRP/BTC pair has been heading south,
In a surprising move, former US President Donald Trump has recently given a significant endorsement of Bitcoin, aligning himself with the rapidly growing world of cryptocurrency. This comes as he prepares for a potential return to the White House in 2024, and has sparked a wave of interest and controversy surrounding his newfound support for
The decentralized finance (DeFi) sector is currently experiencing a significant resurgence, showing growth in key metrics such as active loans and total value locked (TVL) from their lows in 2023. DeFi lending plays a crucial role in enabling investors to lend their crypto assets in exchange for interest, serving as an important indicator of DeFi
Lost Dogs, a cutting-edge game on Telegram, introduces a groundbreaking concept that combines a captivating storyline with NFTs and token rewards. Players are tasked with making daily decisions over a six-week period, each choice having the potential to impact the abilities of the characters within the game. This collaboration between Notcoin and Lost Dogs Co
Coinbase’s total revenue for the second quarter came in at $1.449 billion, surpassing the market consensus estimate. This figure represents a significant increase from the $674.1 million reported for the same period last year. The exchange also reported a net income of $36 million for the quarter, a stark contrast to the net loss of
In the aftermath of the Bitcoin2024 conference, Bitwise CIO Matt Hougan has made a compelling argument for crypto investors to reassess their views on Bitcoin’s potential for growth. While the market has historically been fixated on the downside risks associated with the flagship cryptocurrency, recent developments at the conference have signaled a significant shift that
The nine spot Ethereum ETFs in the US experienced a significant net outflow of $77.21 million on Wednesday, marking a reversal from the previous day’s positive trend. This outflow coincided with Ether’s price falling below $3,200, indicating a lack of investor confidence in the cryptocurrency. The Grayscale Ethereum Trust (ETHE) reported a staggering $133.33 million
In a groundbreaking move, Manchester United has become the first football club to introduce player trading cards and a Fantasy United game for the 2024/25 season, all powered by the Tezos Blockchain. This innovative approach aims to revolutionize the way fans engage with the sport, providing them with a unique opportunity to interact with their
In a recent turn of events, two market experts have revised their predictions for Ethereum, with one going as far as to claim that the second-largest cryptocurrency token could skyrocket to an astonishing $100,000. These ultra-bullish forecasts align with some earlier predictions made by financial institutions, setting a positive tone for the future of Ethereum.
