The recent decline in the price of Ethereum (ETH) to around $3,500 has sparked concerns among investors and traders. However, despite the current dip, analysts remain optimistic about the future of the second-largest digital asset in terms of market capitalization. Metrics such as negative exchange netflow and a low Relative Strength Index (RSI) indicate a
In the volatile world of cryptocurrency, Cardano stands out as one of the digital assets that continues to generate bullish expectations from crypto analysts. One such analyst, known as @Av_Sebastian on social media, has recently made waves by predicting that the price of Cardano could reach as high as $2. This optimistic outlook is largely
Parallel, a groundbreaking NFT-based card game powered by Ethereum, made a splash with its recent launch on the Epic Games Store. This strategic move places Parallel in front of a massive audience of over 270 million users, including 75 million monthly active users. The team behind Parallel Studios, consisting of industry veterans from renowned companies
In recent weeks, the native token of Ethena, ENA, has been experiencing significant selling pressure. This has caused the price of ENA to plummet to $0.73, marking its lowest price level since May 20th. The sudden drop in price has resulted in substantial losses for ENA stakers. According to data from Lookonchain, the largest ENA
Terraform Labs, a defunct crypto firm, has finally reached a settlement in its legal battle with the Securities and Exchange Commission (SEC). The SEC alleged that Terraform and its co-founder, Do Kwon, engaged in fraudulent activities related to the defunct Terra blockchain. The settlement requires Terraform to pay a staggering $4.47 billion fine, comprising of
Gamee, a hypercasual gaming ecosystem under Animoca Brands, initially operated its games on the social app Telegram. However, the recent surge in activity within the network can be attributed to several factors. A pivotal moment took place when Polygon was hacked for $15 million in early 2024, prompting the transfer of Gamee’s GMEE token to
Prominent crypto analyst Dave the Wave has recently provided a bullish narrative for Bitcoin, even in the face of the flagship crypto’s recent setback. He suggested that Bitcoin could potentially rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. In addition, his analysis pointed towards a rally to this unprecedented
Following a $4.5 billion settlement with the SEC, Terraform Labs CEO Chris Amani has announced that Terra will transition into a community project. Amani emphasized the importance of the community taking ownership of the chain as the company winds down its operations. He mentioned that specific teams and developers are interested in taking over the
Cryptocurrency analysts have recently shared their forecasts regarding the future trajectory of Bitcoin, particularly as the leading digital asset has been displaying a relatively stagnant price movement since the recent halving event. One notable prediction comes from CrediBULL Crypto, who took to X (formerly Twitter) to announce that Bitcoin is poised to reach an all-time
The cryptocurrency market has been experiencing a surge recently, particularly following the release of the latest US Consumer Price Index (CPI) data. The surge has been reflected in the prices of Bitcoin and Ethereum, both of which posted gains in the past 24 hours. Bitcoin saw a 3.4% increase, while Ethereum saw a 2.43% increase.
