Day: May 3, 2024

Is MATIC Poised For Takeoff? Key Area Breaks Records

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Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a tale of two sides for MATIC. Polygon’s Busy Streets: A Sign Of Growth Or Gridlock? The high traffic on Polygon’s virtual streets is undeniable. The consistent daily active addresses above 1 million suggest a thriving ecosystem. However, a closer look reveals a potential bottleneck. While the number of users has…

BASE joins meme frenzy as BRETT takes off; GFOX set to top lists

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Coinbase’s Base sees a memecoin boom, with utility-focused Galaxy Fox (GFOX) among those thriving, following BRETT’s success. The Base blockchain has seen a significant spike in transactions, largely thanks to memecoin excitement. Base is Coinbase’s flagship blockchain which has seen its average daily transactions spike in the past week.  This increase in transaction volumes is reminiscent of what the Solana blockchain experienced in recent months. Traders are constantly exploring…

Arthur Hayes Shares His Top Altcoins

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In his most recent publication dated May 2, 2024, Arthur Hayes, the founder of exchange BitMEX, shared his insights into the crypto market’s recent tumultuous behavior and the broader macroeconomic signals shaping potential future trends. Titled “Mayday,” his essay directly addresses the crypto market, which has experienced significant volatility since mid-April. Stealth Money Printing Is Commencing Hayes begins by noting the observable distress in the crypto markets, which he attributes to a confluence of factors including the end of the US tax season, anticipatory fears about Federal Reserve policy decisions,…

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on the transformative capabilities of tokenization for global capital markets. Blackrock Leads […] Source CryptoX Portal

SOL Price Pops 10%, Can Solana Bulls Regain Strength?

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Solana started a recovery wave from the $120 zone. SOL price is rising and might accelerate higher if there is a close above the $142 resistance. SOL price recovered higher and tested the $140 resistance against the US Dollar. The price is now trading below $142 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $132 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another decline if it stays below…

Sealana crypto presale goes live as Solana memecoins lead recovery

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Sealana sparks a robust start in its presale, gathering $130k as Solana memecoins spearhead a market recovery, indicating a growing investor interest in new meme-driven projects. The Solana meme coin circuit is spearheading a broader crypto market recovery, and Sealana is launching a new presale for frontrunner status. Within its opening hours, the presale has already raised over $130k, reflecting a deep market appetite for the new token. The…

Is Ethereum Back? Record 267,000 New Users Spark Speculation

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The winds of change are swirling around Ethereum, the world’s second-largest cryptocurrency. Despite a recent price dip, the network has witnessed a surge in new user activity, sparking a wave of optimism. However, the outsized influence of large holders, known as whales, continues to cast a long shadow. New Wallets Open For Business Data from blockchain analytics firm Santiment reveals a surge in new Ethereum wallets, with a record-breaking 267,000 created on April 28th and 29th. This influx marks the highest two-day increase since October 2022 and suggests a potential…

Ethereum Price Could Rally If It’s Able To Reclaims The 100 SMA

Ethereum price started a recovery wave from the $2,820 zone. ETH is rising and now facing a major hurdle near the 100-hourly simple moving average. Ethereum found support at $2,820 and started a recovery wave. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it fails to clear the $3,050 resistance. Ethereum Price Faces Key…

Trading Guru Predicts Rally Amid Market Uncertainty

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Seasoned trader Peter Brandt has reignited discussions with a bullish Bitcoin forecast that could see the premier cryptocurrency soar to new heights. Amid skepticism and divergent market opinions, Brandt’s projection places Bitcoin on a potential path to reclaim its all-time high near $74,000. Brandt’s Bullish Bitcoin Vision Peter Brandt, synonymous with market foresight, recently outlined a scenario where Bitcoin could experience a significant rally. His analysis, shared via a social media post on X with a BTC analyzed chart, suggests Bitcoin’s recent price movements align with patterns historically indicative of…

MoonPay integrates PayPal to simplify US crypto transactions

MoonPay announced today that its U.S. users can now buy and sell more than 110 cryptocurrencies through PayPal. Integrating cryptocurrency transactions within the PayPal app could circumvent banking restrictions that hinder such purchases. A spokesperson from MoonPay noted that bank restrictions often cause direct debit card transactions for cryptocurrency to fail. The collaboration with PayPal enhances the success rate of these transactions by using the same payment method within a more accepting framework. Additionally, MoonPay stated that PayPal users can purchase cryptocurrencies without needing to supply their personal or card…