Day: March 2, 2025

Our current data infrastructure threatens DeFi’s future

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Opinion by: Maxim Legg, founder and CEO of Pangea The blockchain industry faces a crisis of its own making. While we celebrate theoretical transaction speeds and tout decentralization, our data infrastructure remains firmly rooted in 1970s technology. If a 20-second load time would doom a Web2 app, why are we settling for that in Web3? With 53% of users abandoning websites after just three seconds of load time, our industry’s acceptance of these delays is an existential threat to adoption. Slow transactions are not merely a user experience problem. High-performance…

5 charts that explain the ongoing Ethereum price crash

Ethereum price has crashed this year and is hovering near its lowest level since September last year.  Ethereum (ETH) was trading above $2,200 at last check Sunday, down by over 45% from its highest point in November last year. Several crucial charts explain why the ETH price has crashed, and provide hints of what to expect this year. Ethereum price formed a triple-top pattern The weekly chart shows that the ETH price found strong resistance at around $4,000 in 2024. This pattern is characterized by three peaks and a neckline,…

If Ethereum Holds $2,200 Price Could Recover Fast – Analyst Sets Price Target

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Este artículo también está disponible en español. Ethereum is trading below the $2,300 mark after failing to hold key demand levels last week. The price has faced intense selling pressure, fueling concerns among investors that ETH may not see a strong bull market ahead. Market sentiment remains uncertain as Ethereum struggles to reclaim lost ground, with analysts divided on whether the correction will continue or if a recovery is on the horizon. Related Reading A technical perspective suggests that ETH may still have a chance to bounce back. Crypto analyst…

Solana down 45% since Trump token launch as memecoins divert liquidity

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Solana’s price continues to struggle under pressure from the growing memecoin market despite showing resilience following its largest-ever token unlock. Solana (SOL) fell over 45% since the Official Trump (TRUMP) memecoin was launched, from over $261 on Jan. 18 to $143 on March 2, TradingView data shows. The growing investor appetite for memecoins may be limiting Solana’s price performance, according to Dan Hughes, founder of the decentralized finance platform Radix. SOL/USDT, 1-day chart. Source: Cointelegraph/TradingView Memecoins “don’t tend to draw in much external capital flow; instead existing eco-system capital “round-robins”…

XRP Price Bubble Burst? This Pattern Suggests Imminent Drop To $1.1

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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”…

Ethereum’s Pectra upgrade could lay groundwork for next market rally

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Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin. The Ether (ETH) price fell over 32% during February, finding a local bottom at an over two-month low of $2,073 before recovering to the current $2,245 mark, Cointelegraph Markets Pro data shows. ETH/USD, 1-year chart. Source: Cointelegraph Ethereum’s upcoming Pectra upgrade, scheduled for March 5, could help ease long-term selling pressure, according to Gabriel Halm, a research analyst at blockchain intelligence…

RUNE price forms giant bearish flag as THORChain swap volume surges

THORChain token is flashing a bearish signal, forming a bearish flag pattern that suggests further downside even as swap volume surges. THORChain (RUNE) was trading at $1.3050 on Friday, down 82% from its November peak. It is hovering near its lowest level since November 2023 and remains 90% below its all-time high. RUNE has plunged despite third-party data showing that the network recently recorded one of its best weeks ever. Swap volume on the platform surged 640% over the past seven days to $3.3 billion, making it the sixth-largest player…

Rising Bitcoin activity hints at market bottom, potential reversal

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Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction. Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows. Bitcoin number of active addresses. Source: Glassnode The surge in active addresses may signal a “capitulation moment” for the crypto market, according to crypto intelligence platform IntoTheBlock. The firm noted in a Feb. 28 post…