Month: June 2024

Binance Coin (BNB) price outlook as futures open interest slips

Binance Coin (BNB) price has suffered a harsh reversal this week as sentiment in the crypto and stock industries worsened. The BNB token dipped to a low of $600 on Tuesday, down from an all-time high of $724. Binance Coin token sold off this week as investors embraced a risk-off sentiment following last week’s strong nonfarm payrolls (NFP) data.  The downturn coincides with Bitcoin gravitating towards the $65,000 level while Ethereum dipped below $3,500. The total market cap of all digital coins crashed by over 3% in the past 24…

XRP Price Temporary Bounce: Recovery Might Not Last

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XRP price extended losses and traded below the $0.50 zone. The price tested the $0.4700 zone and is currently attempting a short-term recovery wave. XRP is slowly moving higher from the $0.470 support. The price is now trading below $0.4850 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could recover, but the bears might be active near the $0.4880 resistance. XRP Price Finds Support…

Fireblocks Integrates Celestia to Enhance Blockchain Capabilities in Cosmos Ecosystem

Fireblocks has partnered with Celestia, a modular blockchain within the Cosmos ecosystem, to enhance the integration and scalability of blockchain networks. The collaboration aims to simplify blockchain development, thereby making it more accessible and scalable, according to Fireblocks. Celestia’s Modular Approach Celestia’s innovative modular approach focuses on separating consensus and data availability from execution layers. This design allows developers to build customizable blockchain applications, optimizing for specific use cases. By utilizing the Inter-Blockchain Communication (IBC) protocol, Celestia facilitates seamless integration among various blockchain networks within…

Ethereum Price Slips: Slow Descent as Market Pressure Mounts

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Ethereum price failed to recover above the $3,650 resistance. ETH declined again below the $3,550 level and now shows bearish signs below $3,600. Ethereum started a fresh decline below the $3,550 support zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it stays below the $3,650 resistance zone. Ethereum Price Takes Hit Ethereum price attempted a recovery wave…

Price Turns Red as Market Eyes Fed Decision

Bitcoin price extended losses below $67,500 support zone. BTC tested the $66,000 support zone and is now attempting a recovery wave. Bitcoin started another decline below the $68,500 support zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $68,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover but the upsides might be limited above the $68,500 level. Bitcoin Price Dives Bitcoin price failed to start another…

NFT Prices Tumble As Crypto Investors Place Big Bets On Bitcoin And Ethereum ETFs

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In a market dominated by optimism surrounding the price spikes of Bitcoin (BTC) and Ethereum (ETH), the non-fungible token (NFT) market has seen a decline in popularity. NFTs, which include digital artwork and collectibles recorded on blockchains, have recently experienced a notable loss of appeal.  According to a Bloomberg report, Google searches for NFTs have reached their lowest levels since 2021, when these tokens first gained mainstream attention. Popular NFT Collections Experience Steep Price Declines A significant drop in sales further highlights the NFT market’s struggles. Researcher DappRadar reveals that…

Animoca Brands and Subsidiaries Recognized in Top 50 Blockchain Game Companies 2024

Animoca Brands, a leader in the blockchain gaming sector, has been named in BlockchainGamer.biz’s Top 50 Blockchain Game Companies of 2024. The company secured the third position in this prestigious list, highlighting its significant influence and success in the industry. This recognition also extends to its subsidiaries, with The Sandbox ranking at #7, Blowfish Studios at #22, and nWay at #35, according to Animoca Brands. Significant Achievements in Blockchain Gaming Animoca Brands has consistently demonstrated its prowess in developing and publishing innovative blockchain-based games. The…

WIF To Tumble? Analyst Sets $1 Target For Dogwifhat

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Dogwifhat (WIF), the memecoin sensation that took the crypto market by storm during Q1, has followed Bitcoin’s recent downturn. As the dog-themed token faces a price decline of over 10%, some crypto analysts consider that a stop at $1 may be the next target for WIF. Related Reading Is The Hat Still On? Dogwifhat was the talk of the town earlier this year after becoming one of the leading champions of the Q1 memecoin frenzy. The token had a 95,000% “turbo parabolic” run from $0.004773 to its all-time high (ATH)…