Day: April 10, 2024

Solana suffers unexpected dip as Hedera AI competitor draws investors

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.  As Solana (SOL) navigates a surprising 6.5% dip, the spotlight shifts to InQubeta’s (QUBE) presale results, raising $13 million and challenging Hedera (HBAR) with its AI integration in blockchain. Once named among the best cryptocurrencies to buy, Solana (SOL) is currently wading through choppy waters. The decentralized platform had been riding high following the success of its meme coins.  Solana’s market capitalization was on the rise when its price…

XRP Price Still Have A Chance For A Bullish Streak: Here’s How

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XRP price is struggling to clear the $0.6420 resistance. The price must stay above the $0.600 support to attempt a fresh increase in the near term. XRP is slowly moving lower from the $0.6420 resistance zone. The price is now trading below $0.6120 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.6020 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.600 support.…

Ethereum Price Trims Gains, Are Dips Still Attractive In Near Term?

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Ethereum price failed to continue higher above the $3,725 resistance zone. ETH trimmed gains and now consolidates near the $3,475 support. Ethereum failed to climb higher above the $3,725 resistance level. The price is trading near $3,500 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,510 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,420 support zone. Ethereum Price Faces Rejection Ethereum price started a…

Celo Adds Tether’s USDT as Gas Currency

Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for users, who only need to hold the USDT stablecoin in their wallets to move value using Celo’s network. Celo Passes Governance Proposal Enabling USDT as […] Source CryptoX Portal

Bitcoin Price Fails Again, Is This A Fresh Bearish Signal?

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Bitcoin price failed to settle above the $72,000 resistance. BTC corrected gains and now moving lower toward the $67,500 support zone. Bitcoin struggled to clear the $72,000 and $72,500 resistance levels. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support near $70,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it breaks the $68,500 support level. Bitcoin Price Trims Gains Bitcoin price…

Is the Sam Bankman-Fried Story Over?

“He spent his customers’ money and he lied to them about it. Where did the money go? The money went to pay for investments, to repay loans, to cover expenses, to purchase property, and to make political donations,” Roos said last year. During the sentencing hearing, he went further, saying, “the fact that Mr. Bankman-Fried spent the money on investments, rather than sports cars, or whatever you might expect for someone classically greedy, does not make him not greedy or does not express a motive of greed. The fact that…

Peter Schiff Warns High Inflation Returning — Accuses JPMorgan CEO Jamie Dimon of Sugarcoating the Problem

Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic situation. However, he conceded that Dimon’s perspective is “a lot closer to being right than most […] Source CryptoX Portal

Bitcoin Nears Two Important On-Chain Levels: What Happened Last Time

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Data shows Bitcoin is currently nearing two notable on-chain price levels. Here’s what happened the last time BTC broke above them. Bitcoin Is Approaching Vaulted Price & MVRV +1SD Currently In a new post on X, Glassnode leads on-chain analyst Checkmate points out that BTC has been near two on-chain price levels recently. The first of these levels is the “MVRV +1SD.” The Market Value to Realized Value (MVRV) ratio is a famous indicator for Bitcoin. In short, it compares the value that BTC holders are currently carrying (that is,…

Bitcoin To Go ‘Ballistic’ After Halving, Says Top Analyst

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As the crypto space eagerly awaits the highly anticipated Bitcoin halving event, top crypto analyst Willy Woo has emerged with a bullish prediction that has stirred considerable excitement among enthusiasts. Woo particularly underscored the potential for Bitcoin’s price to surge dramatically, using the term “ballistic” to describe the expected trajectory post-Halving. Notably, Bitcoin’s Halving is an integral component of its protocol. It occurs approximately every four years and reduces miners’ reward for validating transactions on the blockchain. This event also effectively reduces the rate at which new BTC enters circulation,…

Investors more cautious in supporting crypto projects

CryptoRank presented a report on the state of venture capital funding in the industry for the first quarter. Analysts said investors have become more cautious, noting the divergence in Bitcoin’s (BTC) price with the number of rounds and funding volume. In the first three months, 422 rounds were conducted for $2.3 billion. “This phenomenon underscores a growing trend wherein venture funds exercise greater caution and discernment in their crypto investments.” CryptoRank report Only six projects attracted more than $50 million, while most deals were concluded in the $1 million to…