Ethereum’s price has seemingly struck a significant obstacle following weeks of aggressive rallying. Yet, a further bullish continuation cannot be ruled out yet, as there are several support levels available to overturn the trend. Technical Analysis By TradingRage The Daily Chart On the daily chart, it is evident that the price has been rising consistently after a rebound from the $1,500 support zone. The large bullish flag has been broken to the upside, and the market has...
Read More »Bitcoin Ends 11-Week Winning Streak With $33M Outflows While Altcoins Buck Trend: CoinShares
Digital assets investment products ended their 11-week streak of positive cash flows with withdrawals amounting to $16 million. However, trading activity remained significantly higher than the yearly average, reaching $3.6 billion for the week, in contrast to the year-to-date average of $1.6 billion. Bitcoin was the worst hit, witnessing outflows of $33 million last week, while short-bitcoin also experienced minor outflows amounting to $0.3 million. Contrary to the overall...
Read More »OKX Surges Ahead of OpenSea and Blur in NFT Race Thanks to Bitcoin Ordinals
OKX strategically positioned itself to ride the Ordinals wave, seizing the NFT crown amid exploding interest in Bitcoin-based creative assets. Cryptocurrency trading platform OKX has raced ahead of rivals to become the top marketplace for non-fungible tokens (NFT), recording over $50 million in daily NFT trading volume compared to $13 million on Blur and $3 million on OpenSea. This surge centers around Ordinals – unique NFTs built on the Bitcoin blockchain that have recently taken the...
Read More »VanEck: Rückblick auf das transformative Jahr der Kryptowährung 2023
NFTs betreten das Reich von Bitcoin NFTs, diese einzigartigen und nicht austauschbaren digitalen Vermögenswerte, die sicher auf Blockchains gespeichert sind, fanden ihren Weg in das Reich von Bitcoin. Während Bitcoin ein Veteran in der Krypto-Sphäre ist, hat sich seine jüngste Umarmung von NFTs als lukrativ erwiesen, mit einem Bruttohandelsvolumen von rund 401 Millionen US-Dollar im November, wenn auch hinter den atemberaubenden 433 Millionen US-Dollar von Ethereum (Cryptoslam, Daten vom...
Read More »Decentralized Exchanges Bounce Back: $29 Billion Traded in November
The recent surge in cryptocurrency markets over the last month seems to have spilled over into the realm of decentralized finance (DeFi). The trading volume on decentralized exchanges (DEX) has traditionally been considerably lower than that of centralized exchanges (CEX). However, the recent market rally has led to increased activity, albeit at a somewhat slower pace. DEX Trading Volume Picks Up Pace According to research from Kaiko, major platforms such as Uniswap and Curve...
Read More »2024: Das Jahr der Grossen Gewinne mit Bitcoin, Ethereum und XRP?
Das Jahr 2024 könnte ein entscheidendes Jahr für Investoren in der Welt der Kryptowährungen werden. Bitcoin, Ethereum und XRP sind drei der prominentesten Kryptowährungen, die für potenzielle grosse Gewinne stehen. Lassen Sie uns einen Blick auf die Aussichten dieser digitalen Währungen werfen. 1. Bitcoin: Der Unangefochtene Marktführer Bitcoin, als die erste und bekannteste Kryptowährung, bleibt auch 2024 an der Spitze des Interesses. Mit seiner...
Read More »Is the Ripple (XRP) Price in Danger? Closer Look at an Important Metric
Ripple dominance, the measure of XRP’s market share by market capitalization in the competitive cryptocurrency segment, is flashing a warning signal this year. XRP Dominance Trends Lower XRP dominance is down 3.63% for the week, 18.83% over the past month, and 10.63% over the past six months. On the one-year window, Ripple’s percentage market share of all cryptocurrencies is down 11%. On the five-year window, it’s down 82%. Its peers on the market cap chart are faring...
Read More »How High Will Ethereum Go in 2024: Watch These ETH Price Predictions by Experts
TL;DR ETH’s Recent Gains and Positive Outlook: Ethereum’s ETH has rebounded in 2023, reaching around $2,400, with some analysts forecasting a rise to $5,000 by 2025 due to a bullish trend. High Expectations and Upgrades: Experts predict ETH could reach up to $8,000 by 2026, bolstered by upcoming Ethereum upgrades, with short-term predictions around $3,400-$3,800. Some Bearish Perspectives: Despite optimism, some, like trader Peter Brandt, are skeptical about Ethereum’s...
Read More »Das versteht man unter Coin Flippening
Beim Flippening handelt es sich um den potenziellen Fall, wenn Ethereum den Bitcoin anhand der Marktkapitalisierung überholt und somit die größte Kryptowährung am Markt wird. Dieses Flippening wird von der Ethereum Community seit dem Bullenmarkt 2017 erwartet. Das Konzept des „Coin Flippening“ bezieht sich auf ein mögliches zukünftiges Ereignis in der Welt der Kryptowährungen, bei dem eine Alternative zu Bitcoin, üblicherweise Ethereum, die...
Read More »Polygon CDK Expansion Takes Precedence as Edge Contributions Cease
Polygon Labs has discontinued contributions to its Edge platform which is designed to build custom Ethereum-compatible blockchain networks. This decision reflects the company’s plans to prioritize the expansion of the Polygon Chain Development Kit (CDK), the open-source development toolkit for building ZK-powered Layer 2 chains on Ethereum for both Web3 projects and Web2 enterprises. Polygon CDK Set to Take Center Stage In the official announcement, Polygon Labs – the...
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