Altcoins

Ethereum has currently found itself situated within a crucial demand zone after falling below the $2,300 threshold. While the risk of additional decline in the altcoin’s value, the recent dynamics in Ethereum’s futures market sentiment have been underscored by a critical analysis of funding rates, which serves as a crucial indicator, shedding light on the intensity of orders executed by buyers and sellers. According to CryptoQuant’s latest analysis, this displays an upward...

Despite the excitement generated by the Bitcoin ETF approval, the aftermath has seen Bitcoin (BTC) and many altcoins nosedive. However, Solana (SOL) is defying all odds with the platform memecoins making impressive rallies despite the general crypto market’s negative trends. Meanwhile, Pullix (PLX) has sold over 75 million tokens in the ongoing 6th stage of presale with over $4 million raised. With its hybrid model, Pullix is set to launch its platform soon which investors...

ADA price is trading in a bearish zone below the $0.520 support zone against the US Dollar. The price is now trading below $0.515 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.4980 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.500 resistance zone. Cardano price is struggling below $0.520 against the US Dollar, like Bitcoin. ADA...

Ethereum price started a downside correction from the $2,700 resistance against the US Dollar. ETH price is now trading below $2,550 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with support at $2,400 on the 4-hour chart (data feed from Coinbase). The pair could start a fresh increase if it clears the $2,400 resistance zone. Ethereum price is declining below $2,550 against the US Dollar. ETH/USD remains at a risk of more...

A market sell-off of Bitcoin (BTC) has pushed fear into the buoyant sentiment, deflating the mood. A BTC drop to $40,000 could see alts fall by 20-30%. Greyscale Bitcoin Trust sellers seem to be the main culprits. There is still plenty of sell pressure to be absorbed into the order books. The question is if up-and-coming projects like Galaxy Fox ($GFOX) can provide a safety net from the volatility. Bitcoin ($BTC): A Potential Drop To $40,000, Havoc For Altcoins A market-wide...

Stellar lumen price is moving lower from the $0.1260 resistance zone against the US Dollar. XLM price is now trading below $0.1180 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.1150 on the 4-hour chart (data feed via Kraken). The pair could extend its decline below the $0.1120 support zone in the near term. Stellar lumen price is trading below $0.1180 against the US Dollar, like Bitcoin. XLM...

XRP price started a fresh decline from the $0.600 resistance against the US dollar. The price is now trading below $0.565 and the 55 simple moving average (4 hours). There is a key bearish trend forming with resistance near the $0.5385 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.520 support zone. XRP price is struggling below $0.585 against the US Dollar, unlike Bitcoin. The price could...

In a recent publication, Morgan Stanley’s Head of Digital Assets, Andrew Peel, has cautioned about a potential “paradigm shift” in the perception and use of digital assets, emphasizing its potential impact on the U.S. dollar’s global dominance. Peel highlights that the rising interest surrounding assets such as Bitcoin, the surge in stablecoin volumes, and the emergence of Central Bank Digital Currencies (CBDCs) pose a significant challenge to the traditional role of the...

A recent study by CoinGecko reveals that over 50% of all cryptocurrencies listed on the platform since 2014 have met their demise. Of the 24,000+ cryptocurrencies listed on CoinGecko since 2014, 14,039 have been deemed ‘dead’ or ‘failed.’ Most Dead Coins Linked to 2020-2021 Bull Run The study, which analyzed the fate of these digital assets, provides insights into the patterns of cryptocurrency failures over the years. Most of these dead ones originated from projects launched...

Bitcoin’s untypical lack of volatility continues as the asset has failed to move during the weekend from the $41,500 mark. Most altcoins are also quite sluggish now, with minor gains seen from the likes of ETH, SOL, XRP, BNB, and ADA. BTC’s Stagnation Continues The ETF approvals from last week came amid enhanced volatility that saw BTC going up and down by several thousand dollars. The peak came on Thursday when the products reached the US financial markets, and Bitcoin...