Author: Christian Encila
BRC-20 tokens, commonly known as Ordinals, are experiencing major upward momentum as Bitcoin breaks past the $39,000 level. ORDI, the biggest of the BRC-20 tokens, is pulled up by BTC’s rally. According to CoinGecko, ORDI is up nearly 36% since yesterday, and currently trading at $32.42, it’s new all-time high. This recent price action places ORDI under the limelight, putting enormous pressure on the bears while giving big gains for the bulls. $39K Barrier Broken: What’s Next? The market is encountering a slight rally with Bitcoin gaining momentum on the legal side of things. The US Securities and Exchange Commission…
In a month marked by heightened volatility, Apecoin (APE) has been a battleground for bulls striving to prevent a dip below the crucial $1 mark. This tug-of-war between bulls and potential downward pressure underscores the intense market dynamics surrounding Apecoin, leaving investors on the edge as they monitor the crypto’s price movements in this volatile November landscape. The latest data from the spot market reveals a resolute stance from bullish traders, as orders for more than 11 million APE tokens have beern strategically placed around the current price. APE has increased by 30% to surpass $1.70 following a decline to…
Renowned cryptocurrency analyst Dark Defender, with a substantial following of nearly 100,000 individuals on platform X, has drawn attention to the emergence of a “cup and handle pattern” in the daily time frame of the cryptocurrency XRP. Based on his analysis, provided that the token maintains a closing price above the support level of $0.604, XRP has potential for a positive upswing towards the price goals of $1.05 and $1.88. Although Dark Defender’s projection has all the bullish elements to give XRP some badly needed boost in price, another analyst’s estimation also provides a great deal of importance. Hi all.…
The merging of blockchain technology with the prowess of AI (artificial intelligence) has paved the way for groundbreaking initiatives. Among these, Bittensor (TAO) stands out as a cutting-edge protocol specifically developed for the advancement of machine learning models. This dynamic synergy between blockchain and AI not only underscores their capabilities but also heralds a new era of collaborative innovation. Bittensor (TAO), a cryptocurrency centered around artificial intelligence, has made notable traction in the trending altcoin space. Its value surged nearly fivefold in under 30 days, riding the wave of excitement around AI-focused cryptocurrencies. AI Crypto TAO Makes Presence Felt This rapid…
Fidelity, a prominent asset management firm with over $4.5 trillion in assets under management, has formally submitted an application for the establishment of a Spot Ethereum Exchange-Traded Fund (ETF). The decision is a response to the recent action taken by BlackRock, an asset management company, which submitted their application for an Ethereum Exchange-Traded Fund (ETF) last week. Fidelity Is 7th On The List Fidelity Investments has recently positioned itself as the seventh asset management in the United States to pursue the aforementioned product. Based on the SEC’s Form 19b-4 filing, the Fidelity Ethereum ETF is called the “Fidelity Ethereum Fund”…
A mysterious wallet surfaced from the shadows and masterminded a significant transfer of 17,895,970 MATIC—which translates to a staggering $14.7 million—directly into Coinbase, in a crypto twist that sent shockwaves through the digital landscape. The surge in significant transaction volume has caused the MATIC price to rise above $0.80 for the first time since July. The market capitalization of MATIC has grown by 62% during the last four weeks due to increased turnover and acquisition by whales. MATIC Mysterious Financial Maneuver Unveiled During this enigmatic financial maneuver, the cryptocurrency universe witnessed Polygon’s MATIC token commence a bullish journey. It became…
Chainlink (LINK) has been a topic of significant discussion among cryptocurrency enthusiasts lately, particularly after the insights shared by the pseudonymous analyst Rekt Capital on the social media platform X. Rekt Capital’s recent statement about Chainlink’s shift into the bull territory following an extended period of sideways movement has captured the attention of market observers. $LINK The Macro Downtrend is over The Macro Range is over And a new Macro Uptrend has begun#LINK #Crypto #Chainlink pic.twitter.com/E2VHgclnYL — Rekt Capital (@rektcapital) November 4, 2023 According to the information provided, the current price of Chainlink stands at $12.86, experiencing a noteworthy 24-hour…
Solana (SOL) has experienced remarkable growth in the past month, outpacing its peers in the cryptocurrency market. According to data from Messari, SOL’s market capitalization surged over 60%, solidifying its position among the top ten crypto assets. This rally comes after a challenging period for SOL bulls who struggled to maintain support at the $20 mark, not to mention the significant drop to $8 following the FTX exchange implosion in November. The price of major ecosystem tokens has recently been on the rise. Solana in particular has experienced a nearly 55% price appreciation over the last 30 days. Major Ecosystem…
Shiba Inu (SHIB) has recently embarked on a surprising journey, defying the odds and setting the stage for a potential game-changing reversal. A recent report unveils fascinating insights into SHIB’s price action, highlighting both optimism and caution in equal measure. SHIB, currently priced at $0.00000705 according to CoinGecko, has exhibited remarkable resilience in the face of adversity. Over the past 24 hours, it faced a modest 0.9% decline, while the seven-day dip amounted to 1.6%. However, the most intriguing aspect of SHIB’s journey lies in its confrontation with a critical resistance level. Recent market analysis reveals that SHIB is engaged…
XRP, the cryptocurrency at the center of a high-stakes legal clash between Ripple and the US Securities and Exchange Commission (SEC), has remained under the cloud of uncertainty, with its price trajectory impacted by the twists and turns of the legal battle. Ripple, the company behind XRP, celebrated a legal win when a court ruled that XRP was not a security, providing a temporary reprieve for the embattled cryptocurrency. Nonetheless, market participants are acutely aware that the final resolution of this case could hold the key to XRP’s future value and trajectory. Recent analysis of the XRP price chart suggests…
