Markets

A constant consolidation near the substantial resistance region of $7.4 indicates an ongoing battle between Polkadot buyers and sellers. Nevertheless, the market is in a critical spot, with the upcoming price action shedding light on DOT’s future prospects. Technical Analysis By Shayan The Daily Chart A detailed examination of Polkadot’s daily chart reveals an uncertain market state, as the price has been hovering around a crucial resistance marked by the $7.4 level and the...

In the ongoing bull run, the crypto markets have witnessed the explosion of two major narratives: AI-powered tokens and meme coins. These sectors continue to see growth, with some of the top coins such as Render, Worldcoin, Shiba Inu, and dogwifhat all recording gains over the past 24 hours. The appetite for AI and memes is clearly far from sated. A new presale, WienerAI ($WAI), which combines AI-driven trading and meme virality, has already raised more than $3.3 million....

May 2024 heralds exciting times for cryptocurrency enthusiasts, with Polkadot, Cosmos, and BlockDAG at the forefront of the crypto market. While Polkadot’s price dip to $6.50 presents a potential buying opportunity, Cosmos is drawing industry attention with its development of the XRP Ledger EVM sidechain.  Amid these developments, BlockDAG distinguishes itself with its cutting-edge Directed Acyclic Graph technology and the highly efficient X10 miner, making it a standout investment choice due...

Amidst the buzz surrounding Ethereum’s ETF approval and the bullish outlook for Hedera (HBAR), BlockDAG has carved a significant niche in the cryptocurrency market. With its innovative Directed Acyclic Graph (DAG) technology and strategic global displays from Tokyo’s Shibuya Crossing to London’s Piccadilly Circus, BlockDAG has propelled its presale to $34 million.  This robust performance, reflecting an 800% price increase, positions BlockDAG on a promising path to reach $30 by 2030, making...

In a shift within the cryptocurrency exchange landscape, HTX has surpassed Coinbase in spot trading volumes for the first time. This milestone was announced by Justin Sun, the founder of the TRON blockchain and a global advisor for HTX, via a post on the social media platform X on May 27. Sun Declares it’s ‘Just the Beginning’ Sun outlined the significant milestone, affirming that HTX has surpassed Coinbase in spot trading volume for the first time. He expressed confidence in...

Bitcoin development company MicroStrategy has found another copycat willing to mimic its investment strategy of going all-in on BTC. Semler Scientific (SMLR), a little-known medical company trading on the NASDAQ, announced on Tuesday that it had adopted Bitcoin as its “primary treasury reserve asset” that will henceforth be bought using the company’s excess cash. Semler Scientific Makes The Bitcoin Leap Semler kicked off its plans with an initial purchase of 581 BTC at a cost...

Last week was memorable for the crypto community. Over four months after it approved similar products for Bitcoin, the United States Securities and Exchange Commission (SEC) gave a green signal to the first wave of spot Ethereum exchange-traded funds (ETFs). According to the latest Bitfinex Alpha report, the crypto market’s reaction to the event was akin to a rollercoaster due to the incidents surrounding the approval. Both bitcoin (BTC) and ether (ETH) experienced...

Ethereum has been hovering near the $4,000 mark, driven by a major turnaround in the US Securities and Exchange Commission’s (SEC) decision to approve spot ETH ETFs. This development has fueled trader optimism about the leading altcoin’s price trajectory. However, increased inflows of ETH into cryptocurrency exchanges could spell trouble. ETH Inflows Signal Selling Trend ETH has gained almost 20% over the past month. The resurgence in its performance has been mainly...

Bitcoin and Ethereum have managed to pull crowds with stunning rallies this year. With the approval of their respective spot ETFs, the world’s largest cryptocurrencies are expected to attract billions. As such, popular analyst Lark Davis has made bold predictions for the top assets. Bold Predictions For Bitcoin and Ethereum In a recent tweet, Davis predicted that Bitcoin will soar to $150,000 and Ethereum will reach $15,000, driven by market dynamics. He points to the inflows...

TL;DR Binance will temporarily suspend ETH deposits and withdrawals for two hours during wallet maintenance. The company regularly updates its platform by adding new trading pairs and delisting certain cryptocurrencies due to security or liquidity issues, continuously aiming to enhance user experience. The Upcoming Development The world’s largest cryptocurrency exchange will perform wallet maintenance for the Ethereum (ETH) network on May 29. The process is scheduled to take...