Category: Reviews

Recovery Questionable? Ethereum Faces Potential Slide Towards $2,000

Ethereum, the linchpin of the decentralized application ecosystem, finds itself navigating a precarious path this week. The cryptocurrency’s value, having breached the pivotal $2,250 support level, now teeters on the edge of a decisive crossroads, caught between the prospect of a resurgence and the looming threat of a more pronounced downturn. Analyzing the technical landscape reveals a cautious narrative, as ominous bearish trendlines emerge on the hourly charts of the Kraken exchange, while a resilient resistance at $2,240 presents a formidable obstacle. Ethereum: Uphill Battle And Key Levels To Watch…

SOL Price Recovery Could Soon Fade If Solana Fails To Clear This Hurdle

Solana is attempting a recovery wave from the $80 zone. SOL price could struggle to clear the $92 and $94 resistance levels in the near term. SOL price started a fresh decline from the $104 resistance against the US Dollar. The price is now trading below $95 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $85.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another decline if it fails…

Analyst Predicts Potential Drop To $0.28

Amid the bearish sentiment encompassing the crypto market, XRP has experienced a notable decline to the pivotal $0.51 price, which has led to several predictions from analysts concerning the price action of the token. Could The Price Of XRP Fall To $0.28? One of the well-known crypto analysts who has shared a daring prediction regarding the price action of XRP is JD. JD recently took to the social media platform X (formerly Twitter) to share his insights on the crypto asset with the crypto community. In his projections, the analyst…

BNB Price Could See Major Drawdown If It Fails To Stay Above This Support

BNB price started a fresh decline from $320 resistance zone. The price is now retesting the $290 support and is at risk of more downsides. BNB price is gaining bearish momentum from the $320 resistance. The price is now trading below $310 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support at $315 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might continue to move down if it fails to stay above the…

Ethereum Price Plunge To $2K Imminent as Key Support Line Crumbles

Ethereum price extended losses and tested the $2,150 support. ETH is struggling to recover and might continue to move down toward the $2,000 support zone. Ethereum started a fresh decline below the $2,350 and $2,250 levels. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair attempt a fresh increase if it clears the $2,240 and $2,280 levels. Ethereum Price Extends Losses Ethereum price…

Bybit: Bitcoin ETF Approval Marks Watershed Moment for Investors

Since the launch of the BTC ETFs last week, the industry has recorded a significant inflow of BTC products compared to other ETFs in the market. Cryptocurrency exchange Bybit said on Tuesday that the recent approval of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States represents a “watershed moment” for retail investors. On January 10, 2024, the Securities and Exchange Commission (SEC) granted approval to 11 prominent financial companies, including Grayscale Investments, Ark Invest, and BlackRock, enabling them to introduce spot-BTC ETFs to their customers. This…

MeWe and Amplica Labs Achieve Historic 500K User Migration to Web3

The 500,000 migrated MeWe users now have personal control over their identities, data, assets, and online experiences. MeWe, a social media platform, has partnered with Amplica Labs to move 500,000 active users to Web3 technologies. This transition uses Amplica’s Frequency blockchain, which gives users more control and independence over their social networking experiences through blockchain features. MeWe is an alternative to ad-driven networks that focus on people and communities. By working with Amplica Labs on decentralized solutions, the social network wants to expand user rights and permissions, freeing them from…

Manta Pacific Overtakes Base as 4th Largest Ethereum L2

In a move that solidifies Manta Pacific’s dominance in the industry, Binance recently introduced MANTA as its 44th project on the Launchpool.  In a recent development, Manta Pacific, the native layer 2 of Manta Network, has emerged as the fourth-largest scaling solution, surpassing Coinbase’s Base, according to data from L2Beat. Manta Pacific’s Rise to Prominence The Total Value Locked (TVL) on Manta Pacific currently stands at an impressive $850 million, leaving Base behind at $756 million. This shift in rankings highlights the growing prominence of Manta Pacific in the Decentralized…

Bitcoin and CBDCs Threaten US Dollar’s Dominance as Global Currency

The report states that an increase in the adoption and use cases of Bitcoin and CBDCs could weaken the strength of the US dollar. Andrew Peel, the Head of Digital Assets at financial services giant Morgan Stanley (NYSE: MS), has warned that the use of cryptocurrencies like Bitcoin could negatively impact the US dollar. Peel said a potential paradigm shift in the way people view and interact with digital assets, including CBDCs (Central Bank Digital Currencies), could weaken the US dollar’s dominance as a global currency. Perception of Bitcoin and CBDCs…

Pro-Crypto Republican Vivek Ramaswamy Ends Presidential Bid in US

Ramaswamy’s departure from the presidential race leaves a void in terms of a candidate explicitly championing pro-crypto policies. Pro-crypto Republican candidate Vivek Ramaswamy has officially withdrawn from the United States presidential race, marking the end of his nearly year-long campaign. Ramaswamy, who gained attention for his outspoken stance on cryptocurrency and blockchain technology, announced at a press conference in Des Moines, Iowa. Despite his efforts to bring a pro-crypto agenda to the forefront of American politics, Ramaswamy cited challenges and an uncertain path to victory as the primary reasons for…