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Solana (SOL) Price Analysis: Key Bullish Support Intact At $100

Solana price started a downside correction from the $125 zone against the US Dollar. The price is now trading above $105 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $104 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $104 and $100 support levels to start another increase. Solana price is trading above $100 against the US Dollar, like Bitcoin. SOL is...

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The Race to the Biggest Blockchain by TVL in 2023: Who Won? (Excl. Ethereum)

TL;DR Shifts in Blockchain TVL: The year 2023 saw changes in the total value locked (TVL) rankings among various blockchain platforms, with significant fluctuations and new entries making an impact. Highlights in Blockchain Performance: Certain networks gained popularity and development recognition, outperforming rivals in aspects like Google searches, NFT sales, and on-chain trading volume. Cryptocurrency Value Fluctuations: There were notable increases in the prices of some...

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Cardano (ADA) Price Analysis: Can It Rally Above This Hurdle?

ADA price is attempting a fresh increase above the $0.605 zone against the US Dollar. The price is now trading above $0.612 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5950 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.640 and $0.6550 levels. Cardano price is holding the $0.600 support against the US Dollar, like Bitcoin. ADA price could gain...

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Ethereum Price Analysis: ETH Eyes Fresh Surge to $2,550

Ethereum price is eyeing an upside break above the $2,400 resistance against the US Dollar. ETH price is now trading above $2,300 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $2,280 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,340 support zone. Ethereum price is consolidating above the $2,350 level against the US Dollar. ETH/USD could rise...

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Crypto Hedge Funds Experience Recovery, Optimistic for 2024 Growth

Cryptocurrency hedge funds have generated an average return of 44% this year through December 20, marking a rebound from a 52% loss in 2022, ranking as the best among 29 strategies monitored. They have weathered a challenging 2022 and are experiencing a recovery, and many are anticipating a prosperous 2024. Crypto Hedge Funds Recover Pantera Capital, led by industry veteran Dan Morehead, experienced a significant rebound, with its liquid-token fund surging nearly 80% by...

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Is Tron Preparing to Launch a Memecoin? And Can it Compete with $BONK and $GFOX?

Meme coins displayed high profitability in 2020, leading to what many refer to as the meme craze. The cryptocurrencies have lost their appeal since then, causing many investors to remove them from their portfolios. However, recent events in the meme sector indicate they’re one of the top altcoins to buy in preparation for 2024. What’s more surprising is that some analysts look more optimistic about new and innovative meme coins like $BONK and $GFOX. TRON could introduce a new...

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Stellar Lumen (XLM) Price Could Restarts Increase If It Stays above $0.125

Stellar lumen price started a downside correction from the $0.1380 zone against the US Dollar. XLM price is now trading near $0.1300 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1280 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.1315 and $0.1355 resistance levels. Stellar lumen price is trading above $0.125 against the US Dollar, like bitcoin....

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XRP Price Analysis: XRP Struggles Below This Key Hurdle

XRP price started a fresh decline from the $0.658 resistance against the US dollar. The price is now trading below $0.625 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.619 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.584 support zone. XRP price is struggling below $0.650 against the US Dollar, unlike Bitcoin. The price could...

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Ripple, Solana, Shiba Inu, or Bitcoin: Crypto Assets to Watch in 2024, According to ChatGPT Rival

2023 is at its end and can be easily categorized as a positive year for the cryptocurrency sector, especially its end. Many digital assets recorded triple- and even quadruple-digit gains, which leads to the question of what could happen in the next 12 months. According to a popular AI chatbot – Perplexity – several altcoins, alongside Bitcoin, stand out as the ones to watch in 2024. Will 2024 Be the Year of Bitcoin? As reported earlier, the primary cryptocurrency outperformed...

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Ripple (XRP) vs. Cardano (ADA): Which One Will Reach $1 First?

These two blue chip, large-cap, top-ten cryptocurrencies may not seem to have much in common. But they settled into a similar price range in December, according to market data from CoinGecko. In the first two weeks in December, after XRP price found support around the $0.60 level in late November, ADA tokens rocketed up from key support at the $0.35 handle to settle in at that same $0.60 support level. These two altcoins each recently scored a Binance listing with USDC as a...

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