Month: February 2024

Focus on Litecoin ahead of Bitcoin halving, Solana traders switch to KangaMoon

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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. The next Bitcoin halving is in early April 2024. This event could affect Litecoin (LTC), the first Bitcoin fork. Ahead of this, other projects like Solana (SOL) and KangaMoon (KANG) have been firm and may outperform LTC after halving.  Bitcoin halving and Litecoin Litecoin’s trading volume is down 19% in the last 24 hours. The coin is also down 6.19% in the previous month.  The drawdown is a concern…

Bitcoin surpasses the $50k mark, positive sentiment growing

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Bitcoin (BTC) has surpassed the $50,000 mark for the first time since December 2021 on its way to an all-time-high. Following the bullish sentiment, the broader crypto market surged as well.  Bitcoin is up by 3.9% in the past 24 hours and is trading at $50,050 at the time of writing. The flagship crypto asset’s market cap is getting close to the $1 trillion mark — currently standing at $982 billion.  BTC price, whale activity, open interest, funding rate, and RSI – Feb. 13 | Source: Santiment The daily trading…

Will Valentine’s Day Bring Love?

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Dogecoin (DOGE), the meme-driven cryptocurrency, remains confined within a narrow trading range of $0.075-$0.088 since the beginning of 2024, leaving investors grappling with its future trajectory. While activity has dwindled compared to early 2023, a significant portion of DOGE addresses remain profitable, fueling cautious optimism. Profitable Addresses Offer Glimmer Of Hope Approximately 60% of DOGE addresses, totaling roughly 1.34 million, currently hold their tokens at a profit, implying they bought at lower prices. This data, gathered by blockchain analytics firm IntoTheBlock, suggests underlying bullish sentiment despite declining market engagement. Technical…

Crypto Traders Scoop Up Bitcoin Options Bets At $65K And Higher

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Solana’s SOL Leads Gains in Crypto Majors, Bitcoin Metric Suggests Low Retail Growth

“There’s no upcoming news that may have a price correlation with bitcoin except the halving, which may provide returns in the medium to long term,” shared Ryan Lee, Chief Analyst at Bitget Research, in a note to CoinDesk. “It’s also important to take market’s psychological levels, such as BTC prices ranging from $50K to previous ATH, which may cause larger price retracements.” Source

Berachain early supporters mint over 1.7m NFTs

Berachain airdrop hunters have minted over 1.7 million NFTs as the yet-to-launch project engaged speculators in tasks that may yield free tokens. Berachain is a layer-1 network powered by proof-of-liquidity and built on the Cosmos SDK, a framework for creating decentralized applications or dapps written in the Go programming language. The protocol also considers itself an Ethereum Virtual Machine-equivalent L1. The blockchain claims to fully implement the EVM code enshrined in Ethereum’s yellow paper, a technical document explaining Ethereum blockchain design and architecture. An EVM-equivalent protocol is also completely compliant…

Bank of Russia Detected Over 5,700 Pyramid Schemes in 2023

The Bank of Russia reported that the number of pyramid schemes and illegal lending providers in Russia rose to over 5,700 in 2023, an increase of 15.5% over the number detected in 2022. Specifically, the number of pyramid schemes detected increased by 46%, relying on the Internet and cryptocurrency as tools for promoting and carrying […] Source CryptoX Portal

SOL Price Surges To $115 – Why Solana Could Rally Another 10%

Solana is gaining bullish momentum above $110. SOL price is surging, and the bulls could soon aim for a move above the $120 level. SOL price started a fresh increase from the $95.00 support against the US Dollar. The price is now trading above $105 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $109.20 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if it clears the $115 and $118…