Ethereum scaling network Polygon’s native crypto (MATIC) has been leading altcoin gains. Over the past week, MATIC surged by approximately 20%, briefly hitting a 5-month high of $0.86. This increase is fueled by a growing level of trade activity and a more positive overall sentiment in the broader crypto market. The upcoming developments, particularly Polygon 2.0, could potentially drive the rally further. Polygon: Key Metrics Q3 According to Nansen’s latest quarterly report...
Read More »Arthur Hayes Predicts Bitcoin to Reach $1 Million and Ethereum to Hit $100,000
Last month, Hayes made a similar forecast, noting that Bitcoin could reach from $750,000 to $1 million towards the end of the current decade. After his visit to Rapa Nui, commonly known as Easter Island, Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, has once again predicted that Bitcoin (BTC) could reach $1 million, with Ethereum (ETH) soaring to $100,000. In an unexpected turn, Hayes humorously hinted that the island’s ancestors might have...
Read More »Bitcoin Spark in the Context of a Bull Run and After XRP Rallied Amid Ripple Settlement Deadlines
John E. Deaton, a renowned crypto lawyer, has laid his thoughts on what a settlement in the SEC Vs. Ripple lawsuit could mean. Also, experts have given their predictions on how a spot ETF approval will affect the prices of Bitcoin and Bitcoin Spark. Visit the Bitcoin Spark ICO XRP Experienced Price Jump As Attorney Predicts Ripple Settlement Attorney John Deaton has predicted that the settlement of the SEC vs. Ripple lawsuit will be 90/10 in favor of Ripple. He stated that a...
Read More »Steer Protocol Partners with Sushi for Enhanced Liquidity: Smart Pools Integration
With this integration of Smart Pools, users can now earn higher yields without the hassle of manually rebalancing their liquidity. Decentralized finance (DeFi) network Steer Protocol has teamed up with Sushi to integrate its innovative Smart Pools into the ecosystem. According to the announcement, the collaboration aims to revolutionize liquidity management and provide a seamless experience for Liquidity Providers (LPs) within Sushi’s Concentrated Liquidity Pools. Smart Pools Now Fully...
Read More »Bitcoin Price Targets $40,000 as Traders Engage in Tough Fight
Bitcoin traders have engaged in a tough battle as BTC price shoots to $37,000. The Bitcoin futures open interest has shot to a seven-month high. Earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) made a strong move to $37,000 levels and is currently hovering around those levels. After significant overnight gains, Bitcoin price is making a determined push towards the $40,000 threshold. Surging by 6.6% in November and achieving nearly a 30% gain in October, the...
Read More »Chainlink Announces v0.2 LINK Staking
By deploying the LINK staking v0.2, Chainlink shows its commitment to blockchain initiatives that drive user engagement. Chainlink has announced a new version of its LINK token staking, whose pool it claims is made up of 45 million LINK tokens. As of publication, the pool is worth approximately $650 million. According to the X announcement, Chainlink intends to roll out 40.875 million LINK tokens to its community while its node operators take up the remaining tokens in the pool....
Read More »Bitcoin Cash Analysis: Key Breakout Resistance Sits At $250
Bitcoin cash is attempting a recovery wave from the $230 zone against the US Dollar. The price is now trading below the $245 zone and the 55 simple moving average (4 hours). There is a key rising channel forming with resistance near $255 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $250 and $250 to start a steady upward movement in the near term. Bitcoin cash price is rising from $230 against the US Dollar, like Bitcoin....
Read More »Chainlink’s Institutional Demand Soars amid Massive LINK Price Rally
The Grayscale Chainlink Trust (GLNK) has been trading at 200% premium to the spot price amid the recent LINK price rally. Oracle service provider Chainlink has been in the limelight once again as the LINK price surged to $15 in a phenomenal 98% price surge just over the last 20 days. The recent LINK price rally comes as the institutional demand for the altcoin also skyrockets. The Grayscale Chainlink Trust (GLNK) has witnessed an astounding 200% premium compared to the prevailing LINK...
Read More »EOS Price Analysis: Rally Extends, Bulls Aim For $0.75
EOS price started a fresh increase above the $0.65 resistance against the US Dollar. The price is now trading above $0.665 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.680 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.7150 and $0.7200 resistance levels. EOS price is rising above $0.6800 against the US Dollar, like Bitcoin. The...
Read More »Litecoin (LTC) Price Analysis: Another 10% Rally Seems Likely
Litecoin started a steady increase above $70 against the US Dollar. LTC price is now trading above $70 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $71.20 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $75.80 and $76.00 resistance levels. Litecoin price is showing positive signs above $70 against the US Dollar, like Bitcoin. LTC price could...
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