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Inflows and Market Enthusiasm Ethereum has seen a surge in inflows and renewed market enthusiasm after the SEC approved Ethereum ETF applications. This follows a recent price spike that brought Ethereum close to $4,000. Best Week for Ethereum Since March According to CoinShares, digital asset investment products have experienced $2 billion in inflows, with Ethereum…
Ethereum (ETH) has been on a rollercoaster ride, dropping to $3,580 and then recovering. But now, it faces some tough hurdles. Resistance at $3,740 ETH is currently trading below $3,740 and the 100-hour moving average. A key bearish trend line is also forming at $3,740. If ETH can’t break through these levels, it could continue…
A crypto expert has identified five altcoins that he believes are performing well despite the market’s ups and downs. Altcoins to Watch Injective (INJ): A layer-1 protocol Wormhole (W): A cross-chain protocol JasmyCoin (JASMY): A data democratization project Stacks (STX): A Bitcoin layer-2 scaling solution Toncoin (TON): A layer-1 blockchain Wormhole: A Top Pick The…
Background:Ripple, a leading payment technology company, has been collaborating with the National Bank of Georgia (NBG) on a pilot project to digitize the country’s currency, the lari. Recent Meeting:NBG’s Acting Governor Natia Turnava and Head of Tech Development Varlam Ebanoidze met with Ripple’s James Wallis to discuss further cooperation in digitalizing Georgia’s economy. Potential Collaboration:The…
Coinbase, the leading crypto exchange in the US, has proposed a new way to accurately measure the adoption of blockchain technology. The Challenge of Measuring Adoption As more blockchain applications are launched, traditional metrics like total transactions and daily active addresses become less reliable due to spam and fake accounts. Introducing the h-index To address…
Jamie Coutts, an analyst at Real Vision, has issued a warning about the altcoin market. After a strong six-month run, he believes altcoins are now in a bearish trend. Lagging Behind Bitcoin Coutts notes that most altcoins are underperforming Bitcoin (BTC). Despite Ethereum’s recent gains, the broader altcoin market has failed to follow suit. The…
Market Volatility and Emotional Reactions Renowned crypto analyst Cold Blooded Shiller (@ColdBloodShill) recently shared his insights on Bitcoin’s current state amid market volatility. He emphasized the exaggerated emotional responses to single events, highlighting the importance of staying calm and rational. Technical Analysis Despite price fluctuations, Shiller believes Bitcoin is in an uptrend. However, he identifies…
Whales Accumulate Bitcoin Big investors, known as whales, have been buying Bitcoin like crazy, adding nearly $1 billion worth daily. This shows their belief in Bitcoin’s long-term potential and is seen as a bullish sign. Retail Investors Join the Party Not just whales, but everyday investors are also getting into Bitcoin. The number of addresses…
Uniswap Labs has made a major move into the blockchain gaming world by buying ‘Crypto: The Game’ (CTG), a popular on-chain survival game. Uniswap and CTG Founders Join Forces Uniswap Labs is excited about the acquisition, saying it wants to make on-chain experiences more enjoyable and human. The exact purchase price is unknown, but it…
Bitcoin’s price has been stuck below $70,000 for months, but experts are predicting a major breakout is just around the corner. Factors Driving Bitcoin’s Price Selling pressure from market participants: Some people are selling their Bitcoin to raise cash, which is keeping the price down. Increased short interest: Newer traders are betting against Bitcoin, but…
