Day: September 7, 2024

SUI Rises 8% Amid Market Retrace, Will The Joy Be Short-Lived?

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Este artículo también está disponible en español. SUI showed a remarkable performance on Friday amid the market retrace. Following Bitcoin’s drop to the $55,000 mark, the cryptocurrency was among the few tokens showing green numbers with an 8% surge. The token’s performance, alongside the network’s developments, has fueled a bullish sentiment among investors. However, some analysts remain cautious of the cryptocurrency, warning that the joy could be short-lived. Related Reading SUI Surges As Top 100’s Largest Daily Gainer SUI was among the best performers throughout August, registering 50% surges amid…

Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no set implementation date. Kalyalya highlighted that foreign currency use hinders effective monetary […] Source CryptoX Portal

Ethereum Enters Oversold Territory, Can The Pump Send It To $6,000?

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Este artículo también está disponible en español. Recent developments show that Ethereum has entered oversold territory. This is undoubtedly a bullish development for the second-largest crypto by market cap, as it looks set for a price rally that could send it as high as $6,000.  ETH Ready For Liftoff Having Entered Oversold Territory Crypto analyst Titan of Crypto suggested in an X (formerly Twitter) post that Ethereum is ready for liftoff, having entered oversold territory. He noted that historically, ETH sees a rally or a short-term pump whenever the relative…

Binance Kazakhstan Receives Formal Consent for Regulatory License

Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The approval followed rigorous evaluations, including financial audits and ISO certifications. Once licensed, Binance will manage virtual assets, offer custody services, and conduct […] Source CryptoX Portal

Massive Rally Just Around the Corner?

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Este artículo también está disponible en español. Solana (SOL) has been holding above the $120 mark since experiencing a significant 24% retrace from its local highs. As the crypto market faces growing fear and uncertainty, Solana has remained one of the strongest performers this cycle, attracting attention from analysts and investors looking for opportunities. This current price zone is critical, as it will likely determine the asset’s next big move.  Related Reading Traders are closely monitoring whether SOL can maintain support around $120, as holding this level could set the…

CleanSpark and MARA stocks form rare pattern as BTC hits 54k

Popular Bitcoin mining stocks have formed the rare death cross pattern, pointing to more pain ahead. CleanSpark and Marathon Digital have formed a death cross Marathon Digital, the largest mining company in the industry, dropped to $13.75 on Sep. 6, its lowest swing since December of last year. It has fallen by 60% from its highest point this year, erasing over $4 billion in value. Similarly, CleanSpark shares crashed to $8.39, the lowest point since February, and are 66% below their highest level this year. Its market cap dropped from…