Day: July 21, 2024

Solana Leads Rally As Expectations For A Break Above $200 Grow

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Solana has recently captured the attention of market participants with a remarkable surge to $175, stunning investors and analysts alike. Solana is currently up 40% from its lowest point of $123 this month. The cryptocurrency’s strong upward momentum has reignited optimism among traders and investors, who are now eagerly anticipating a potential breakthrough above the $200 mark in the coming week. Related Reading Traders have also noted the formation of a bullish pennant formation on the SOL price chart, which reaffirms the expectations for a $200 SOL price. This pattern…

NFTs maintain upward momentum, sales volume exceeds $107m

Non-fungible tokens, or NFTs, saw an uptick in sales volume for the second consecutive week, reaching $107 million — an 8.5% increase. A substantial increase in the number of NFT buyers accompanied this growth, reaching 488,141 — a staggering 89.56% rise. On the other hand, the number of NFT sellers also rose by 69.8%, totaling 198,450, signaling an improved trading environment and heightened market engagement. Below is a breakdown of what happened in the NFT market over the past week. Ethereum maintains lead while Solana, Bitcoin follow Blockchains by weekly…

Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach

Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets […] Source CryptoX Portal

Polkadot (DOT) Poised For Rally? Analyst Predicts $9.00 Breakout

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Resilient and showing great upward momentum is Polkadot (DOT), the blockchain network noted for its emphasis on interoperability. Polkadot has maintained its ground at the $6.30 support level thus far, indicating a solid basis for next developments. Related Reading DOT saw a little increase of 1.6% during the previous week, which experts think may be the forerunner to a much more significant upswing. Both experts and investors have drawn attention to this favorable situation, which will help Polkadot to have a possibly interesting future. Polkadot Makes Steady Climb Polkadot’s latest…

Bitcoin whale activity declines as the price stays near $67k

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On-chain data shows a significant decrease in the Bitcoin whale and exchange activities as the asset’s price remains close to the $67,000 mark. According to data provided by Santiment, the number of whale transactions consisting of at least $100,000 worth of Bitcoin (BTC) dropped by 33% over the past 24 hours — falling from 9,176 to 6,101 unique transactions per day. BTC price, whale activity, exchange activity and RSI – July 21 | Source: Santiment Quite similarly, the Bitcoin exchange activity also recorded a notable decrease. Per data from Santiment,…

Trump’s Odds of Winning Soar, OTC Volume Surges 95% in H1, and More — Week in Review

Former U.S. President Donald Trump experienced a surge in prediction market odds for winning the presidential election after an assassination attempt at a Pennsylvania rally. Ripple’s CEO and legal chief celebrated their firm’s landmark legal victory against the SEC, affirming that XRP is not a security. Valentina Matvienko, a Russian Senate leader, discussed the potential […] Source CryptoX Portal

AVAX Brushes Off Bearish Pressure With 11% Rally

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AVAX continues to rush forward to greater heights with the token reaching $28.74 since last week. This has been the biggest push by the bulls, influenced by the growing market confidence fueled by Bitcoin’s rally to $60k. Avalanche’s dev team is also hard at work with multiple on-chain news supporting this most recent price action. Related Reading AVAX Gaming Grows With More Projects Although the gaming side of crypto is still relatively small, platforms like Avalanche provide developers with a stable and secure blockchain to deploy crypto-centered games. Just last…

BRETT Price Explodes 30% In A Single Week

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…