[ad_1] One coin that analysts seem to still be bullish on is Cardano’s native token ADA. However, despite all of the faith that remains in the digital asset, the price continues to tank and has fallen below multiple important support levels. Analyst Goes Deep On Cardano In an interview hosted by Altcoin Daily, crypto analyst Hashoshi shares very bullish views on the Cardano network. He starts out by explaining that the design decisions being made by the Cardano network have been some of the better ones in the space. Going further, Hashoshi lauds the development rate of protocols on the…
Author: Best Owie
[ad_1] The identity of the mind behind the Shiba Inu meme coin has been a long-standing crypto mystery since it first debuted in 2020. So far, there has been no concrete proof as to who it might be with guesses ranging from FTX’s Sam Bankman-Fried to Ethereum’s Vitalik Buterin. Despite having little success so far, crypto investigators have not given up as a new theory has popped up as to the creator behind Shiba Inu. Has The Shiba Inu Founder Been Identified? An X (formerly Twitter) user identified by the username @boringsleuth first drew attention on Thursday, August 1, after…
[ad_1] Back in July when Judge Analisa Torres first declared XRP programmatic sales do not qualify as securities, the token price had rallied. However, now that the euphoria from the ruling has worn off and the United States Securities and Exchange Commission (SEC) has begun to fight back, the coin’s price is correcting back downward, prompting massive sell-offs of the token. Whale Moves 29.3 Million XRP To Exchange On-chain whale tracker has flagged an XRP transaction that could spell bearish pressure for the price of the cryptocurrency. According to the post made on X (formerly Twitter), a single whale moved…
[ad_1] Off the back of the much-anticipated Shibarium launch, the SHIB burn rate has seen a tremendous rise. This surge in the burn rate comes despite the Layer 2 blockchain running into problems on the day of its launch last week, and still being in private mode. But while it could point to renewed vigor among the meme coin’s investors, something else seems to be driving this accelerated burn rate. SHIB Burn Rate Is Up 1,108% In One Day According to data from Shiba Inu burn tracking website Shibburn, there has been a remarkable increase in burn rate in the…
[ad_1] Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. Some of the most notable things that have been going on for the cryptocurrency include the multiple exchange-traded funds (ETFs) filings that have been made to the United States Securities and Exchange Commission (SEC). When Will An Ethereum ETF Be Approved? The topic of Ethereum futures ETFs has become hotter especially after Bitcoin futures ETFs received multiple approvals from the SEC since 2021. However, even two years after the first Bitcoin futures ETF was approved, the regulator is still…
[ad_1] Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it seems the crypto exchange is beginning to find its footing once more amid regulatory wolves circling, its native token is still under immense selling pressure. This is evidenced by the BNB open interest, which has now skyrocketed to new all-time highs. BNB Open Interest Reaches New All-Time High In an interesting turn of events, BNB shorts are ramping up even at a time when the crypto market seems to be on a…
[ad_1] Bitcoin has seen both highs and lows over the past month as various developments in the space put the digital asset’s price into a pull-and-push trend. However, investors have remained undeterred by the cryptocurrency’s movements and have rather chosen to continue to accumulate. This accumulation trend is more prominent in the shark and whale BTC addresses which have added 71,000 BTC to their holdings. Bitcoin Sharks And Whales Buy $2.15 Billion Worth Of BTC According to the on-chain data aggregator platform Santiment, the Bitcoin sharks and whales have been at one of their most active points over the last…
[ad_1] Bitcoin had been trending over $31,000 for the better part of Friday after reclaiming this support level from the bears. However, this did not last long as the digital asset saw a flash crash that sent its price spiraling toward the $29,000 level. SEC Says ETF Filings Are Inadequate On Friday, the Wall Street Journal released a report that negatively impacted the market. The report revealed that the United States Securities and Exchange Commission thought that the recent barrage of Bitcoin ETH filings that it had received was inadequate in their filings. This follows a two-week stretch of positivity…
[ad_1] Litecoin (LTC) has been one of the most bullish coins for the year 2023 with anticipation around its forthcoming halving event. This has propelled the digital asset toward price increases higher than the market average. And now, once again, the bull case for the digital asset is even stronger as its hashrate has risen rapidly to a new peak. Litecoin Hashrate Touches New All-Time High As the halving event draws closer, more attention is being paid to the Litecoin network. This has led to an increase in the hashrate of the network as more miners are joining the network.…
[ad_1] The month of June is quickly drawing to an end and although the price of Bitcoin is maintaining a bullish streak, it is still sitting well below expectations. However, all hope is not lost as the market moves into the month of July which has historically been a bullish month for the digital asset. So the question now is, will Bitcoin will able to finally break above the $36,000 level in the new month? July Could Hold The Answers For Bitcoin In a June 26 report, Markus Thielen, Head of Research at Matrixport pointed to a possible bull run…