Bitcoins saw a rebound from its short-term EMA to display a robust bullish inclination. BTC’s development activity and social dominance formed a downtrend. Bitcoin’s current upside supported buyers to initiate a closing beyond its 20 and 50 Exponential Moving Averages on the 24hr chart. Meanwhile, buyers revived momentum after climbing beyond the longer-term trend-line support…
NBA Top Shot gained popularity in early 2021, as Dapper Labs’ digital collectibles platform helped bring Non-Fungible Tokens(NFTs) into the mainstream. However, the hype was short-lived as sales have gradually dropped over time. In October 2022, the NFT marketplace recorded the lowest monthly trading volume since December 2022. According to CryptoSlam, an NFT analytics platform,…
CleanSpark, a BTC mining firm, has purchased 3,843 crypto miners to consolidate its position within the marketplace. The company bought the Antminers Pro for $5.9M at $15.50/Terahash. Also, CleanSpark confirmed machine count purchased since the bear market arrived stands over 26,500. The deal remains critical as it emerged when most mining firms file for insolvency…
ADA price seems to gain strength for the next upside. Price has steadied beyond $0.38 before dipping into a sideways setup. Downward corrections to $0.35 might materialize if Cardano losses the floor at $0.40. Cardano’s price outlook is neither bearish nor bullish today, as the altcoin dipped into a sideways pattern near the $0.40 area….
Bitcoin has ended an exciting week experienced in a while. That’s because the asset’s October decline extended the bearish bias since mid-August. Consequently, the latest rally eased the tension amid the market downturn, translating to excitement during the previous week’s rally. However, can BTC bulls sustain the current uptrend for a while? Though BTC saw…
Hungry Baboon is among Hedera’s top-performing non-fungible tokens. The collection surpassed 10 million in volume within the last two weeks – as of October 29. The NFTs’ official Twitter handle retweeted the narrative. Hedera’s increasing social engagements and mentions could have propelled this growth. Lunar Crush, a social media analytic site, stated that Hedera’s social…
While most digital coins recorded double-digit surges within the last few days, metaverse coins didn’t see similar increases. Coinmarketcap data shows the leading metaverse crypto, ApeCoin, witnessed the most upticks within the past seven days, recording a 10% uptick. Decentraland (MANA) followed with its 4% uptick within that timeframe. Horizon Not Impressive for APE Holders…
Dogecoin saw a sudden surge within the last few days. Though the market structure remained bullish during this writing, investors should watch for this support break to highlight a bearish resurgence. Dogecoin has hovered inside the $0.67 – $0.057 range since December 2021. Meanwhile, Bitcoin has defended the support level at $19K over the last…
MANA’s critical resistance zones at $0.72 & $0.82. A bearish block restricted bullish efforts amid the latest bounce. Decentraland (MANA) boasted a $1.12 billion market capitalization during this publication, though this number might drop in the upcoming weeks. The Metaverse token has sustained massive bearishness since August. Meanwhile, MANA’s failure to sustain the $0.75 mark…
Coinbase will offer custody of MakerDAO’s USDC treasury worth about $1.59 billion. The deal allows the DAO to earn nearly 1.4% rewards on the funds. Coinbase submitted the proposal on 6th September and got approved by 70% of votes on Monday 25th October. USDC represents one-third of the treasury and allows users to deposit collateral…
Two days after Aptos listing on leading exchanges saw more than $4 million bridged from Ethereum to Aptos. A blockchain analytic site Nansen confirmed this narrative via an October 21 Twitter post. Meanwhile, Aptos introduced the Layer0 network to its blockchain amidst efforts to ensure the accessibility of scalable Dapps (decentralized applications). The LayerZero protocol…
The latest Santiment data indicated that Polkadot ranked above ETH and SOL as the platform with the most development activity within the last seven days. While Solana and Ethereum’s development activity totaled 67.21 and 78.79, respectively, over the previous week, Polkadot had the same metric at 3124.14 in that timeframe. Moreover, Polkadot had 1,400 monthly…
Shiba Inu’s (SHIB) burning party witnessed new developments amid continued fire despite some glitches. Nevertheless, the party presented some notable features for the community. Fire Dominates The SHIB games portal welcomed a burning mechanism via Amazon’s affiliate link. August stats reveal that the SHIB SuperStore attained a 3-month milestone, exceeding $2K in burnt coins. Nevertheless,…
Chainlink investors and holders might have something to celebrate. The latest Economics 2.0 could be the savior of the struggling and ailing LINK. The new launch will allow Chainlink to increase its revenue capture and fees & increased the network’s security through staking. Nevertheless, whether the launch can enhance LINK’s plummeting market capitalization is unclear….
Reports from the Labor Department indicated that the United States consumer prices slowed in September compared to the previous month. Moreover, inflation emerged faster than what experts had forecasted. Meanwhile, the crypto market noted upsides. Cryptocurrencies revived on Friday following inflation numbers, though still within the range before the data. Nevertheless, the crypto market recuperated…
Litecoin miners stayed profitable even as LTC recorded price dips within the past 30 days. Moreover, the altcoin might have growth potential despite the plummeting market capitalization and volume. How? You may ask. Here are the details. LTC Outlook A crypto mining analysis platform CryptoCompare revealed that mining LTC had a 34% profit ratio/day as…
CHZ flips its market outlook to bearish. Will bears eventually push Chiliz to $0.18? Chiliz, the digital coin for sports tokenization, has witnessed doubt creeping within the last few weeks. The massive performance during August’s initial sessions and mid-September seemed to have faded. Also, Bitcoin presented some weakness, barely holding the $19K value area. Volatility…
Bitcoin rose beyond $20K again, but the altcoin suffers from a considerable absence of enthusiasm. That’s because BTC has hovered within the $17K – $22K range over the past few weeks. Meanwhile, Bitcoin whales contributed to maintaining the range as they purchased around the range bottom & selling around the range top. Nevertheless, some latest…
Litecoin has been improving its prevailing technology for a while. In that context, the blockchain has disclosed an MWEB feature, a functionality to allow participants to complete confidential transactions. Never Taking Privacy Lite-ly The October 3 update announcement revealed that the introduced technology would help Litecoin users undertake discrete transactions and enhance Litecoin’s scalability. Furthermore,…
Amid the current crypto bear market, overall NFT sales volume remained flat in September, but individual NFT sales are keeping pace. For instance, Solana NFTs are gaining momentum while high-value NFTs on Ethereum are still selling. In September, the NFT market recorded sales worth over $947 million, according to DappRadar. That compares to $925 million…
