Ethereum is stuck in a rut, with prices hovering between $2,100 and $2,800. While some hope for a breakout, there are some worrying signs. Whales Dumping Their Holdings Big players, known as whales, who own at least 10,000 ETH, have been selling off their coins for the past month. This suggests they might not be…
Decentralized exchanges (DEXs) are all the rage in the crypto world, but they have a big problem: they’re not very good at using money efficiently. This is a major issue because it could stop them from becoming truly successful. The Liquidity Problem DEXs rely on liquidity providers (LPs) to keep things running smoothly. LPs essentially…
A big-time cryptocurrency investor, known as a “whale,” has been quietly selling off a ton of Solana (SOL) since the start of the year. Whale’s Big Sell-Off According to blockchain trackers, the whale has sold over 614,000 SOL, which is worth a whopping $89 million! They’ve been doing this over several months, selling on popular…
Binance, the world’s biggest cryptocurrency exchange, and its founder Changpeng Zhao are facing a serious accusation: money laundering. Binance Accused of Ignoring Laws for Profit A new class-action lawsuit claims Binance intentionally avoided registering with US authorities and failed to implement proper anti-money laundering measures. The lawsuit alleges that this deliberate negligence turned Binance into…
A well-known crypto analyst thinks Bitcoin (BTC) might be about to go on a big run. They’re comparing the recent dip below $50,000 to the crash that happened in early 2020 during the start of the COVID-19 pandemic. A Flashback to 2020 Back in 2020, Bitcoin plunged from around $8,000 to $3,700 in just a…
Shiba Inu is finally launching its first game built on the Shibarium blockchain, called Shiba Eternity. This game is a complete revamp of the previous version, bringing a whole new level of excitement to the Shiba Inu ecosystem. What’s New with Shiba Eternity? The biggest change is that Shiba Eternity is now a Web3 game….
Don’t Sell Now! A bunch of crypto experts are saying Bitcoin’s about to go on a wild ride. They’re seeing signs that it’s on the verge of a major price surge, even though it’s been a bit shaky lately. The Puell Multiple: A Secret Code for Bitcoin? One analyst, who goes by the name “CryptoCon,”…
Gold prices have hit a new record high, surpassing $2,500 per ounce. This surge is fueled by several factors, including: Why Gold is Soaring Lower Interest Rates: Investors are anticipating the US Federal Reserve to cut interest rates, which makes gold more attractive. When interest rates fall, the dollar weakens, making gold a more appealing…
Shiba Inu (SHIB) is making headlines again, with experts predicting a bullish breakout. But before we get too excited, there’s a key hurdle to overcome. A Crucial Resistance Level Ronimus Prime, a well-known crypto analyst, believes SHIB is poised for gains in the coming weeks. However, he stresses that the meme coin needs to break…
Ethereum (ETH) seems to be recovering after the recent market crash. Several metrics suggest that the worst is over and ETH is poised for a strong comeback. The Bottom is In? On-chain data from Glassnode shows that Ethereum’s market value to realized value (MVRV) has reached its lowest point. This suggests that the price is…
