Synapse, a platform that lets you move crypto between different blockchains, is having a great day. The price of its token, SYN, jumped 32% after Binance, the biggest crypto exchange, announced it would add futures contracts for Synapse. What is Synapse? Synapse is a relatively new project, launched in August 2021. It’s designed to be…
Ethereum (ETH) might be on the verge of a correction, according to a popular crypto trader. Ali Martinez, a well-known analyst with over 69,000 followers on X (formerly Twitter), believes that ETH is forming a “rising wedge” pattern. This pattern is often seen as a bearish signal, suggesting that ETH could drop in price after…
Crypto analysts at Glassnode are predicting a big jump for Bitcoin, with a price tag of $100,000 by 2025. However, they’re also warning investors to be cautious. Bitcoin’s Risk is Rising While the price of Bitcoin is expected to soar, the analysts say that its risk index is also on the rise. This means that…
Bitcoin is currently stuck in a sideways trading pattern, but some analysts believe this could be a sign of a major price surge. Bitcoin Whales Are Accumulating Bitcoin is currently trading below its recent highs, but some analysts are optimistic about the future. They point to the fact that Bitcoin whales, or large investors, are…
The “Crypto For Harris” campaign held a virtual town hall, hoping to mend fences with the crypto industry and showcase Vice President Kamala Harris’s commitment to a “crypto reset.” However, the event, featuring Democratic heavyweights and tech influencers, fell short of its goal. No Harris, No Love Despite the presence of prominent figures like Senate…
The Shiba Inu (SHIB) burn rate has been on a wild ride lately, and it’s not looking good for the meme coin. The number of tokens burned in the past 24 hours has plummeted, and things haven’t been much better for the past few days. No More Burning? The burn rate has been all over…
The IMF is proposing a huge tax increase on cryptocurrency mining, aiming to curb its growing energy consumption. They’re suggesting a 85% hike in electricity costs for miners, which they say could generate over $5 billion in tax revenue annually. The Big Picture: A Lot of Energy, A Lot of Emissions The IMF claims that…
A popular crypto analyst, known as The Crypto Dog, is predicting a big rally for a few cryptocurrencies. Saga (SAGA) Ready to Take Off? The analyst believes that Saga (SAGA), a lesser-known layer-1 blockchain project, is about to break out of its slump. Saga allows developers to create their own specialized blockchains called “Chainlets”. “Saga…
A popular crypto analyst is predicting good things for altcoins. Michaël van de Poppe, who has over 700,000 followers on X (formerly Twitter), says the “TOTAL3” chart is showing a strong signal that altcoins are about to surge. What is TOTAL3? TOTAL3 tracks the market value of all cryptocurrencies except Bitcoin, Ethereum, and stablecoins. Van…
A former Goldman Sachs executive, Raoul Pal, is predicting big things for Solana (SOL), a major competitor to Ethereum (ETH). Solana’s Potential Price Surge Pal believes Solana could reach a price of over $1,000 by the end of the current market cycle. That’s a potential gain of over 600% from its current price. He even…
