Litecoin started a fresh decline from the $75.00 resistance zone against the US Dollar. LTC price is now trading below $71.00 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $71.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $68.00 support zone. Litecoin price is struggling below $73.50 against the US Dollar, like...
Read More »Polkastarter Announces Ambitious Plans for 2024 amid POLS Price Surge
Polkastarter outlined its mission for 2024, which is to level the playing field for a fairer financial system. Polkastarter (POLS), a popular decentralized fundraising platform, has stated its ambitious plans for 2024 and highlighted that it would be its best year yet. With an optimistic outlook, Polkastarter aims to revolutionize early-stage fundraising and make Web 3.0 innovation accessible to everyone. The vision for the upcoming year includes a slew of exciting updates and features...
Read More »Solana Can Outperform XRP to Take Top 5 by Market Cap
The sixth largest cryptocurrency Solana (SOL) has all chances to enter the Top 5. Solana (SOL) is threatening to replace XRP among the world’s top five leading cryptocurrencies by market capitalization, driven by an increased surge of activities within the Solana ecosystem. According to CoinMarketCap data, currently ranked as the sixth-largest token in the industry, SOL has the potential to surpass XRP’s market cap. At press time, SOL is trading around $76.91, with a market...
Read More »Coinbase Builds Runway for Mass Adoption of Crypto Assets and Web 3.0 Industry
With about 425 million owning crypto and more than 80 percent of G20 countries moving towards enabling digital assets, Coinbase is confident the industry will unlock economic freedom to billions of users. The cryptocurrency industry has continued to evolve with the market needs and the fast-changing global regulatory landscape. The trillion-dollar industry is preparing for mass adoption with about 425 million global investors owning various crypto assets. Moreover, more governments around...
Read More »SOL Price Analysis: Solana Could Extend Rally Above $75
Solana price started a fresh increase from the $67.00 zone against the US Dollar. The price is now trading above $70.00 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $74.00 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $76.50 and $78.00 to continue higher in the near term. Solana price is trading above $72.00 against the US Dollar, like Bitcoin. SOL could...
Read More »Lisk Announces Move to Ethereum Ecosystem as Layer-2 Platform
Lisk decided to leverage the Ethereum network after finding out that more 90% of user transaction fees on L1 platforms were Ethereum-based. Lisk (LISK), the open-source blockchain network and platform for decentralized applications (dApp), has announced it has decided to join the Ethereum ecosystem as a layer 2 (L2) platform. According to an official blog post, Lisk is building the upcoming ecosystem on Gelato’s Rollup, and powering it via Optimism’s OP Stack. Why Lisk Is Integrating...
Read More »Avalanche, Solana Memecoin Fever Continues amid Bitcoin Price Rally to $43K
Despite the fervor in memecoin trading, some trading firms suggest that recent market movements do not indicate an imminent correction in the short term. Earlier today, the world’s largest cryptocurrency Bitcoin (BTC) gained an additional 5% taking its price past $43,000 levels. The recent price surge comes as BlackRock, WisdomTree, and others submit their updated S1 applications to the SEC. Along with Bitcoin, the altcoin market is once again buzzing with activity. Solana, Avalanche, and...
Read More »Injective (INJ) Price Reaches Another All-Time High after Nearly 3000% Increase in 2023
One of the major factors behind the Injective price increase is the surge in trading volumes for INJ perpetual futures contracts which recently surpassed $25.5 billion in 24 hours. The price of crypto asset Injective (INJ) has seen an impressive explosion in 2023, surging almost 3000% in the process. The rapid price rise has also brought the asset to new all-time highs ATH as it continues to trade in greens. Recall that the asset recently reached a $34.64 ATH on December 15 before...
Read More »Cardano (ADA) Price Analysis: Bulls Remain In Control Above $0.55
ADA price started a downside correction from the $0.700 zone against the US Dollar. The price is now trading above $0.55 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5803 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.620 and $0.650 resistance levels. Cardano’s price is consolidating above $0.550 against the US Dollar, like Bitcoin. ADA...
Read More »Ethereum Price Analysis: ETH Eyes Fresh Increase To $2,450
Ethereum price is eyeing an upside break above the $2,265 resistance against the US Dollar. ETH price is now trading near $2,250 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $2,265 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,150 support zone. Ethereum price is consolidating above the $2,150 level against the US Dollar. ETH/USD could rise again...
Read More »