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Ethereum (ETH) Capital Inflows Pales in Comparison to Bitcoin (BTC)

During the ongoing cycle, BTC and ETH have witnessed a growing divergence in their respective performances. According to Glassnode’s findings, this can be attributed to a general trend of weaker capital rotation, particularly in comparison to previous cycles and all-time high breakthroughs. Ethereum Receives Weak Capital Flows Leading up to bitcoin’s peak established on March 14, Glassnode observed a surge in speculative activity. As per its latest on-chain weekly report,...

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Solana (SOL) Price Analysis: Dips Attractive Near $135

Solana price started a downside correction from the $160 zone against the US Dollar. The price is now trading above $140 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $152 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $138 and $135 support levels to start another increase. Solana price is correcting gains from $160 against the US Dollar, like Bitcoin....

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Chainlink Chosen as Technology Partner for HKDR Hong Kong Dollar Stablecoin

On May 7, the crypto oracle solutions provider announced that RD Technologies was integrating Chainlink CCIP and Proof of Reserve to power its Hong Kong dollar stablecoin. Chainlink’s Cross-Chain Interoperability Protocol will be integrated to enable secure and reliable cross-chain transfers of HKDR and easier access to the new stablecoin. Additionally, the firm is also adopting Chainlink’s Proof of Reserve (PoR) to help provide reliable on-chain verification of HKDR’s...

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Cardano (ADA) Price Analysis: Can Bulls Clear This Hurdle?

ADA price is attempting a fresh increase from the $0.4180 zone against the US Dollar. The price is now trading below $0.500 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance at $0.4420 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.4600 and $0.480 levels. Cardano price is holding the $0.4420 support against the US Dollar, like Bitcoin. ADA price...

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Ethereum Price Analysis: ETH Faces Key Uptrend Resistance

Ethereum price started a downside correction from the $3,220 resistance against the US Dollar. ETH price is now trading near $3,080 and the 55 simple moving average (4 hours). There was a break below a key rising channel with support at $3,125 on the 4-hour chart (data feed from Coinbase). The pair could start a fresh increase if it clears the $3,220 resistance zone. Ethereum price is declining below $3,150 against the US Dollar. ETH/USD remains at a risk of more...

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