Day: May 3, 2024

TON Price Soars 9% On Pantera Capital’s Investment, Capitalizing On Telegram User Potential

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Venture capital firm Pantera Capital has invested significantly in The Open Network blockchain. The news, announced on Thursday, resulted in a 9% surge in the network’s native token, Toncoin (TON), pushing its value above the $5 mark. Pantera Capital Bullish On TON And Telegram Integration In a statement, Pantera Capital expressed enthusiasm about their latest investment in TON. The Layer 1 network, initially conceived by Telegram and continued by the open-source community, can potentially introduce cryptocurrency to the masses due to its extensive usage within the Telegram network.  Telegram, used…

Bitcoin Price Recovery Could Face Many Hurdles Near $60K, Here’s Why

Bitcoin price found support near the $56,350 zone. BTC is recovering higher, but the bears might be active near the $60,000 resistance zone. Bitcoin is attempting a recovery wave from the $56,350 support zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $57,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the $60,000 and $60,500 resistance levels. Bitcoin Price Faces Resistance Bitcoin…

Bitcoin Loses Historical Level, Analyst Says “Reclaim And Bounce, Or Die”

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An analyst has pointed out how Bitcoin recently closed below a historically important on-chain level, a failure to reclaim which could spell trouble for BTC. Bitcoin Fell Below Short-Term Holder Cost Basis In Latest Crash In a new post on X, Maartunn discussed BTC’s recent close below the realized price of the short-term holders and stressed its importance in reclamation. The “realized price” here refers to an on-chain indicator that tracks the price at which the average investor on the Bitcoin network acquired their coins. In other words, it measures…

Solana meme coins surge despite crypto market decline

Solana meme coins show remarkable growth, although many leading cryptocurrencies suffer heavy losses. The meme coins segment is doing much better than other cryptocurrencies, CoinGecko data shows. Source: CoinGecko Dogwifhat (WIF), the largest meme coin by market capitalization based on the Solana blockchain, has risen 18% in the last 24 hours. Popcat (POPCAT) rallied 61%, Jeo Boden (BODEN) gained 53% in price, Slerf (SLERF) surged 16%, and Wen (WEN) is up by 28%. The gains starkly contrast the broader cryptocurrency market, which has seen more muted performance. After falling below $57,000, Bitcoin has recovered…

Is A Big Surge On The Horizon?

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Shiba Inu (SHIB) is capturing significant attention following a colossal transfer of tokens and a prediction of a bullish breakout. This event has piqued the curiosity of both traders and analysts alike, sparking debates and expectations about the future trajectory of this popular meme coin. Large SHIB Token Transfer Sparks Speculation Recently, the crypto community witnessed an extraordinary transaction involving the movement of nearly two trillion SHIB tokens from the trading platform Robinhood to an undisclosed wallet. This transfer, identified by Whale Alert, a blockchain tracking service, involved two tranches…

Crypto Prediction Website Reveals When The Cardano Price Will Reach $45

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Crypto prediction website Telegaon has provided insights into when Cardano (ADA) will hit $45. A rise to that price level represents an 8.900% price gain from its current price level, which will appeal to ADA holders, especially given the crypto token’s recent unimpressive price action.  When Cardano Will Rise To $45 Telegaon predicted in a blog post that Cardano will reach $45 by 2050. They highlighted $45.87 as the maximum price the crypto token will likely attain that year. Meanwhile, $39.12 and $42.41 are predicted to be ADA’s minimum and…

Standard Chartered Warns Bitcoin Price Could Fall to $50K

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Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of […] Original

Eclipse And Neon EVM Drive Solana-Ethereum Integration For Blockchain Interoperability

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Layer 2 (L2) blockchain Eclipse and developer-oriented bridge Neon EVM have formed a new collaboration to implement changes in the blockchain landscape, increasing interoperability and scalability with the integration of Ethereum (ETH) and Solana (SOL).  Aiming to combine the capabilities of both blockchains, Eclipse has consolidated the compatibility between the Ethereum Virtual Machine (EVM) and the Solana Virtual Machine (SVM) by deploying Neon Stack. Solana And Ethereum Integration  The primary objective of this collaboration is to integrate Solana’s transaction handling capabilities, which can process thousands of transactions per second, into…