Month: March 2024

Coinbase announcement to drive LTC above $100?

The price of Litecoin grew 8% on March 20, surging from $77 to $86 within the 24-hour timeframe. A rare network transactions trend suggests Litcoin (LTC) could advance towards $100 in the days ahead. A recent announcement by Coinbase and rising volumes of large LTC transactions have emerged as major bullish catalysts for Litecoin’s price this week.  Litecoin price pumps after Coinbase LTC futures announcement On March 20, Coinbase derivatives announced plans to list futures contracts for Dogecoin (DOGE), Litecoin, and Bitcoin Cash (BCH). According to Coinbase’s filing with the Commodity…

MakerDAO Stakeholder-Focused Updates Drive MKR Price Up By 10%

boss

Blockchain protocol MakerDAO (MKR) continues to see significant gains, maintaining a strong upward trend throughout the year. MKR has seen significant growth of over 358%, accompanied by positive metrics reflecting increased adoption and usage of the protocol. In addition, upcoming voting initiatives aim to further increase the platform’s benefits for its stakeholders. MakerDAO Announces Plans For Rate System Changes In a recent announcement, MakerDAO stated that it closely monitors developments in the cryptocurrency market and has gained a better understanding of the impact of recent proposals.  As a result, the protocol…

Triggers Nearly $300 Million In Total Liquidations

boss

The crypto market has recently experienced a wave of liquidations, amounting to nearly $300 million, closely following Bitcoin’s sharp reclaim of the $67,000 mark. This surge in Bitcoin’s value, a stark reversal from its previous downtrend, caught many traders off guard, especially those who had placed bets on the continuation of the market’s decline. Over 80,000 Traders Faces Liquidation The data provided by Coinglass sheds light on the magnitude of the liquidations, revealing that approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period. Major exchanges like…

Reddit tokens surged over 15% pre-IPO

Two cryptocurrencies affiliated with Reddit communities increased more than 15% in 24 hours.  Investors speculated on Donut (DONUT) and Moons (MOONS) as the social media platform launched its long-awaited initial public offering (IPO), causing the tokens to see double-digit price increases on March 21.  DONUT is an ERC-20 token issued on Ethereum (ETH) by the ethtrader forum. Participants receive the crypto as monthly rewards for contribution to the community. Eligibility depends on upvotes gathered by published content. Per CoinMarketCap, the token gained over 28% on Reddit’s IPO news.  DONUT daily…

Greenpeace’s Anti-Bitcoin “Mining for Power” Report Receives Fierce Backlash on X

boss

“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users detailed the report contained “many factual errors,” including outdated information. Greenpeace […] Original

Crypto Analyst Says XRP Price Is Headed For $27 As 2017 Pattern Emerges

boss

Popular crypto analyst EGRAG CRYPTO, known for his very bullish stance on XRP, has predicted that the XRP price is headed for $27 as a pattern from 2017 emerges again. The analyst made this prediction known in a recent post on social media to reflect that XRP is now mimicking a historical cross between the 20 and 50 Simple Moving Averages. Interestingly, with XRP currently trading at $0.6079 amidst a lull market gain, EGRAG’s prediction represents a surge of over 4,300% from the current price levels.  Analyst Points To Similarities…

Bitcoin Miners on the Brink of Surpassing February Earnings as 2 Difficulty Adjustments Loom

boss

Bitcoin miners face two additional difficulty adjustments before the network’s halving event, which is rapidly approaching, with less than 4,300 blocks remaining. Data indicates the total hashrate has recovered from a minor dip, suggesting miners might see a decrease in difficulty at the next adjustment, set for on or around March 28, 2024. With the […] Original

Bitcoin Surging But Likely To Consolidate Before Breaking $74,000: Analyst

boss

After capitulating on March 19, Bitcoin recovered on March 20. However, while the crypto community expects more rapid gains, even above the all-time highs of around $73,800, Willy Woo, an on-chain analyst, thinks the coin will likely consolidate in the days ahead. SOPR Peaked At An Unusually High Level: Profit-Taking? Taking to X, Woo listed several on-chain metrics, some of which, while supporting prices, are countered by others that might slow down the uptrend. At the top of the list, the analyst notes how the Spent Output Profit Ratio (SOPR) reading is…