Altcoins

Solana price started a decent increase above the $22.00 resistance against the US Dollar. The price is now trading below $23.50 and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $23.40 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $21.50 and $20.40 support levels to start another increase. Solana price is trading above the $20 support against the US Dollar,...

ADA price is trading in a bearish zone below the $0.258 support zone against the US Dollar. The price is now trading below $0.255 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $0.2560 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.258 resistance zone. Cardano price is struggling below $0.258 against the US Dollar, like Bitcoin. ADA price...

Ethereum price is struggling below the $1,640 resistance against the US Dollar. ETH price is now trading below $1,620 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,600 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,600 and $1,620. Ethereum price is declining below $1,620 against the US Dollar. ETH/USD remains at a risk of more downsides if it...

The firm believes the approval of a spot Bitcoin ETF in the United States will trigger an influx of over $30 billion in subsequent months. The mainstream adoption of Bitcoin (BTC) by institutional investors has put the gold market on notice with a possible decoupling in the coming few years. According to a report by Matrixport, Bitcoin is about to challenge gold as a store of value due to the simple fact that the former has outperformed the latter in the past years. Additionally, the...

Beyond its crypto options offerings, the exchange has set its sights on obtaining a brokerage license in the European Union (EU). Deribit, one of the world’s leading crypto options exchanges, has recently made a significant announcement that it is set to introduce options contracts linked to three prominent alternative cryptocurrencies: XRP, Solana (SOL), and Polygon (MATIC). This expansion initiative comes on the heels of Deribit’s continued efforts to cater to the evolving needs of...

Stellar lumen price is gaining pace below the $0.115 resistance zone against the US Dollar. XLM price is now trading below $0.1135 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.1132 on the 4-hour chart (data feed via Kraken). The pair could start a fresh increase if it clears the $0.1150 resistance. Stellar lumen price is trading below $0.1150 against the US Dollar, like Bitcoin. XLM price could...

XRP price started a downside correction below the $0.532 zone against the US dollar. The price is now trading below $0.525 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5150 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.535 resistance. XRP price is consolidating near $0.520 against the US Dollar, like Bitcoin. It must stay above the...

TL;DR Ripple (XRP) outperforms Shiba Inu (SHIB) in Google search interest. Shiba Inu gets more social mentions than XRP but receives similar engagement, raising questions about social dynamics around these cryptocurrencies. Ripple v. Shiba Inu: The Search Volume Battle It goes without saying that Ripple (XRP) and Shiba Inu (SHIB) are two of the most electrifying communities in the cryptocurrency field. They are undoubtedly among the most popular altcoins, but it turns out...

Bitcoin’s price movements have calmed quite a bit following the enhanced volatility experienced on Friday. Most altcoins are in a similar state, with minor moves south. Avalanche has declined most today but still stands above $10. BTC Calms at $28K It was just about a week ago, on Sunday evening/Monday morning, when the primary cryptocurrency started a massive leg up that resulted in surging by over $1,500. This culminated in a 6-week peak at $28,600 (on Bitstamp) on Monday...

Solana Compass has recently provided insights into the latest Solana (SOL) network activity, specifically during its 512 epoch. According to the website that tracks SOL staking activity, an estimated 19.637 million SOL tokens were unstaked during this period. In the recent Epoch 512, 19.637 million SOL were unstaked, with a net unstake of 16.516 million SOL (about $372 million). Most belonged to a16z and the previous Alameda (now or ftx estate). a16z: BZpEFk…oPPBm7 unstaked...