The Financial Stability Institute (FSI) at the Bank for International Settlements (BIS) has recently released a study centering on the increasing prevalence of stablecoins. A paper has pointed out several potential hazards for stablecoin users, among which is the possibility of de-pegging. No stablecoin has successfully kept its value aligned with the underlying asset consistently. … Read more
In simpler terms, the price of Bitcoin is currently near its highest point in over three weeks, following recent increases on April 8. Analysts are optimistic due to the coin’s current trade above previous resistance levels, which have now become support. One analyst posted that the recent price drop prior to the upcoming Halving could … Read more
Today saw an astonishing rise in the Shiba Inu community with over 1,100% more transactions on its blockchain platform, Shibarium, in the last 24 hours. According to Shibariumscan, a reputable cryptocurrency monitoring site, there were only 6,410 transactions previously, but now an impressive 75,800 transactions have taken place. Starting from August 2023, Shiba Inu’s network … Read more
Bears are trying to return to the game, according to CoinStats. SHIB/USD The rate of SHIB has declined by 2.55% over the last 24 hours. On the hourly chart, SHIB‘s price appeared to breach the $0.00002781 support level, suggesting a potential price drop. But it’s crucial to consider the closing price of the daily candles … Read more
Many coins failed to sustain the growth they experienced the previous day, but there are a few that bucked the trend based on CoinMarketCap’s data. DOGE/USD DOGE is one of the biggest losers today, falling by 4.60%. Every hour on the chart, DOGE‘s price seems to be signaling a downturn as it approaches its nearby … Read more
Over the past two days, the price of Telegram Open Network (TON) tokens has jumped by an impressive 38%. This significant gain has propelled TON into the ranks of the top performing cryptocurrencies with large market capitalizations. But what’s the reason behind this growth? The crypto market is on the mend, with Ethereum taking the … Read more
Today, XRP went through a surprising spike, leading to a substantial $1.7 billion boost in its market value in just a few hours. According to data from CoinMarketCap, XRP‘s value jumped from $33.21 billion to an impressive $35.3 billion, signifying a notable achievement for this digital asset. XRP’s market value grew significantly due to a … Read more
According to IntoTheBlock’s analysis, Shiba Inu (SHIB) is close to making a significant price increase. However, the recent downturn in the market has extended the duration for this anticipated bullish surge. The coin’s profitability indicators suggest that an uptrend could begin soon. Approximately two-thirds (67.23%) of the wallets or profitable addresses in the Shiba Inu … Read more
The creators of TokenFi, related to the meme token FLOKI, have suggested an enhancement for the TokenFi platform through a proposal. This proposal focuses on giving preference to those who stake or own $TOKEN in the TokenFi community. Floki And TokenFi Developers Propose “Supercharge Program” The “TokenFi Launchpad Boost Program” proposal intends to provide priority … Read more
Most of the coins have come back to the red zone, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has fallen by 2.27% over the last day. On a daily basis, Bitcoin’s price fluctuates between the support at $59,112 and the resistance at $73,755 on the chart. The current rate hovers near the resistance … Read more