The cryptocurrency Ethereum, which powers many smart contract platforms in the industry, experienced a significant drop in value. Within a week, it lost approximately 15% of its worth and fell below the important threshold of $3,000. This decline came as investors sought fresh liquidity due to uncertainty caused by recent tensions between Iran and Israel, … Read more
In Q1 of 2024, the South Korean Won (KRW) surpassed the US Dollar (USD) as the most traded currency against cryptocurrencies based on trading volume. According to a report by financial analytics firm Kaiko, over $456 billion worth of transactions in centralized cryptocurrency exchanges involved the Won during this period. The USD came in second … Read more
Meme coin WIF (based on Solana blockchain), currently priced at $2.68, experiences a 7% decrease – a clear indication of decreasing investor confidence and a bearish outlook among traders. The price drop signals a potential market downturn for Dogewifhat. Over the past day, the trading volume for this cryptocurrency has decreased by 15.15%, amounting to … Read more
USDb intends to utilize Merlin Chain’s efficient, scalable, and secure transaction foundation to expand the Decentralized Finance (DeFi) realm of Bitcoin (BTC), introducing new and innovative applications. Umoja’s synthetic dollar USDb kicks off on Merlin Chain Umoja, an innovative “intelligent money” system, has formed a lasting partnership with the forefront Bitcoin secondary network, Merlin Chain. … Read more
Bitcoins held by large investors, or “whales,” have not been sold off during the latest market downturn based on transaction data recorded on the blockchain. Bitcoin Whales Have Participated In Net Accumulation Since March 1st According to a recent post by on-chain analysis firm Santiment, large Bitcoin investors have remained unfazed by the recent drop … Read more
The cryptocurrency market reached its poorest showing of 2024, with a total market capitalization of approximately $2.29 trillion following a 4.59% decrease. However, there have been slight improvements since the previous data, as trading volume has increased by $117.92 billion or 3%. Several altcoins have bounced back, while others are still holding out in anticipation … Read more
The bounce back may have finished on the cryptocurrency market, according to CoinMarketCap. SHIB/USD The rate of SHIB has declined by 2.49% over the last 24 hours. Although the price of SHIB dropped today, it appears optimistic on the hourly chart as it hovers close to its local resistance level. If buyers manage to maintain … Read more
According to a report from Whale Alert, approximately 33.33 million XRP, worth over $10 million, were transferred from Binance around an hour ago, with the destination remaining a mystery. Examining the specifics of the XRP transfer, we discover that approximately $16.28 million worth of XRP tokens were moved from the Binance identified address to the … Read more
The trading activity on Decentralized Exchange (DEX) and Automated Market Maker (AMM) Uniswap’s Layer-2 (L2) platform has reached an unprecedented mark of $250 billion in total transactions. Uniswap L2 Transaction Volume Hits ATH The transaction volume on Uniswap L2 has noticeably increased compared to the approximately $70 billion recorded during similar periods in 2023. According … Read more
Benjamin Cowen, an expert in cryptocurrencies who specializes in analysis and trading, has expressed worries over the possibility of a major price drop for Ethereum (ETH). Recently, Cowen suggested that the price of Ethereum (ETH) could drop by as much as 60%, based on his assessment that important support levels had been breached in the … Read more