Day: February 7, 2024

This 10-Year Trendline Could Lead To A 4000% Surge

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Crypto analyst Jaydee recently highlighted a historical pattern that suggests that the XRP price could experience a parabolic move soon enough. If history is anything to go by, XRP is believed to have the potential to see a 4,000% surge when this pattern finally forms. XRP Price Testing 10-Year Trendline Jaydee revealed in an X (formerly Twitter) post that the XRP price was currently testing a 10-year trendline. This move is significant as the analyst noted that XRP saw a 39x and 650x increase in its price the last two…

Ethereum Dencun Upgrade Launch Boosts ETH Price, Eyes 90% Fee Reduction

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Ethereum (ETH) has made significant strides in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet.  This is seen as a crucial step towards deploying the upgrade on the mainnet, signaling Ethereum’s progress in improving transaction efficiency, and scalability and reducing transaction fees by up to 90%. As a result, ETH has surged 2.9% in the last 24 hours, breaking its previous downtrend. Ethereum Dencun Upgrade The Dencun upgrade was first activated on the Sepolia testnet in January 2024, following its deployment on…

XRP and Bitcoin traders looking at DeeStream

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP and Bitcoin (BTC) prices have been choppy. Amid this volatility, investors are looking at the DeeStream (DST) presale, which has over 3,000 sign-ups in stage 1.  XRP setbacks Hackers made away with 213 million XRP belonging to Chris Larsen, the co-founder of Ripple and the Ripple Foundation.  At the same time, the U.S. SEC has asked Ripple Labs to reveal its financial records for 2022 and 2023. With…

Solana’s Missed Moment, Exclusive Farcaster Q&A, Bullish Year of Dragon

SOL CRUSHING. It was supposed to be a cause for celebration: On Feb. 25, the Solana blockchain would complete a full 365 days without an outage – seen as a remarkable milestone given its historic jankiness. So notable it was, in fact, that analysts at Coinbase Institutional called it out in a report last week: “Solana is fast approaching its first full year mark without any downtime, showcasing its significant ecosystem progress, especially when compared to an early history of crashes that halted the chain for days at a time.”…

Here’s How Much Profit It Holds Now

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Software company Microstrategy bought another $37 million worth of Bitcoin, bringing its unrealized profit to $37 million. Microstrategy Now Holds This Much In Unrealized Bitcoin Gain Michael Saylor, the founder and chairman of Microstrategy, has announced in an X post that the firm purchased an additional 850 BTC at $37.2 million in January, which was recently approved. In a post on X, CryptoQuant Netherlands community manager Maartunn explains four important facts about Microstrategy’s portfolio after this latest shopping spree. First, here is a chart that shows how the total supply held…

Investing in ‘Gold’ – Via Bitcoin (BTC) – Is Cheaper Than Ever

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Gold – the conventional kind – is viewed as a haven for investors wanting out of the daily – sometimes hourly or less – twists and turns in financial markets. It’s not the only option, though gold is generally easier to buy than other non-correlated assets like art, collectibles, real estate, music royalties, etc. A single ounce of gold is worth about $2,000, so a little bit goes a long way toward stashing one’s savings. ETFs that hold them take up even less space – just a few bits of…

Cardano Founder Takes Jab At Solana After Major Outage

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On Tuesday, the Solana blockchain experienced a major outage that stopped the network’s mainnet operations for approximately 5 hours. The outage raised concerns about the blockchain’s stability and security as the incident became the 11th of the kind in the last 2 years. Kicking Solana When It’s Down? On February 6, the Solana blockchain network suffered a significant outage that lasted 4 and 46 minutes and disrupted the network’s operations, raising doubts about the blockchain and exposing the project to fierce criticism. The crypto community took no time to share…