Tag: High

Trias hits two-year high above $9 amid growing market interest 

Trias Token (TRIAS) recently clinched a two-year-high, rallying by nearly 27% over the last 24 hours amid an observable uptick in investor interest and demand. Since hitting a high of $8.5 on Dec. 22, Trias has traced a bearish trajectory, recording intermittent drops amid the bearish atmosphere surrounding the broader crypto market. Trias collapsed 19.8% from $8.5 on Dec. 22 to $6.81 on Dec. 26. TRIAS price and RSI – Dec. 28 | Source: Santiment The drop from Trias was not an isolated event, triggered by a similar price decline…

BSV rallies 66%, reaching 21-month high

Bitcoin SV’s (BSV) recent rally helped it reach a 21-month-high of $93.7 — a level last seen in early April 2022. BSV is up 66% in the past 24 hours and is trading at $91 at the time of writing. The asset’s market cap surged to $1.76 billion, making it the 51st-largest cryptocurrency. Data shows that BSV’s daily trading volume recorded a 617% rally, reaching $652 million. BSV price, open interest, funding rate and RSI – Dec. 28 | Source: Santiment Data from CoinGecko shows that the majority of Bitcoin…

Forget High Gas Fee Challenges, Ethereum Remains Bullish: Time To Buy More?

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Despite concerns over network congestion and high gas fees, Ethereum remains bullish in the long term, according to borovik.eth–a partner at Rollbit, who posted on X on December 26. The key factors driving the positive outlook are pointing to Ethereum’s developer ecosystem, its role in the broader blockchain ecosystem, and the launch of numerous Layer-2 solutions (L2s).  Will Layer-2 Activity Drive ETH To New Highs? Borovik.eth remained deviant and optimistic about ETH, even with Solana (OSL) and other layer-1 coins like Cardano (ADA) soaring in 2023. In the analyst’s view, Ethereum’s…

Bitcoin (BTC) Hashrate Hits New High but Profitability on Decline

In 2023, the Bitcoin hashrate has surged by a staggering 130% which shows growing competition and reduced profitability for miners. The computing power of the Bitcoin network, also known as the mining hashrate, hit a record high on Christmas Day, adding to the challenges faced by miners in the wake of declining profitability. Blockchain.com reported that on December 25, Bitcoin’s hash rate achieved an unprecedented level of 544 exahashes per second (EH/s), a data point corroborated by Bitinfocharts, which recorded an average hash rate peak over the weekend. This development…

VeChain Skyrockets By 77% To Reach New Yearly High, Analyst Bullish On VET Targeting $1.6

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In a remarkable display of bullish movement, the smart contract blockchain VeChain,  and its native token VET have emerged as significant players in the altcoin rally, experiencing an impressive surge of 77% since the end of November. Over the past seven days, VET has recorded a substantial 33.5% increase, with an additional 5.4% surge in the past 24 hours, propelling the token to reach a new yearly high of $0.03806, a level unseen since May 2022. This surge in VET’s value has generated substantial excitement among crypto analysts, who predict…

ALGO Blows Up To 42-Week High, Delighting Algorand Fans

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Known for being a blockchain technology pioneer, Algorand (ALGO) has seen ups and downs in the cryptocurrency market. Over the past week, there has been a notable 20% surge in the value of the Algorand token, which also translates to a 42-week peak. According to data from Coingecko, ALGO was trading at $0.232 at the time of writing, with a significant 24-hour trading volume of $370 million. Algorand’s Rise: Blockchain Advancements And Market Surge The Algorand network, also referred to as “blockchain3.0,” prioritizes security and decentralization while addressing significant scaling…

Stacks Hits 8-Month High, But It Unveiled A Twist

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In contrast to the majority of cryptocurrencies, which began the week on a downward trajectory, Stacks (STX) deviated from the prevailing trend and registered gains. Stacks Network’s native token, STX, had a strong 600% increase in 2023. Stacks is a noteworthy 2019 SEC-qualified token that functions as a layer-2 Bitcoin protocol for smart contracts. Stacks Surges: Social Buzz And Growth Stacks has been the talk of the cryptocurrency community lately, receiving a lot of attention on social media. The altcoin’s market value has experienced a notable upswing, having reached a…

NEAR Hits New High Since 2022

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The past two months have been a green flag for the broader crypto market in the run-up to the festive season. Although the hype has since cooled down, a few outliers continue to follow the upward trend. NEAR is one of those tokens that aren’t showing signs of cooling down. According to Coingecko, the token is up nearly 8% in the daily, with the biggest jump being at 23% in the weekly timeframe. With this price ascent, NEAR just reached a new high of $2.81. The token hit its all-time…

Injective (INJ) Price Reaches Another All-Time High after Nearly 3000% Increase in 2023

One of the major factors behind the Injective price increase is the surge in trading volumes for INJ perpetual futures contracts which recently surpassed $25.5 billion in 24 hours. The price of crypto asset Injective (INJ) has seen an impressive explosion in 2023, surging almost 3000% in the process. The rapid price rise has also brought the asset to new all-time highs ATH as it continues to trade in greens. Recall that the asset recently reached a $34.64 ATH on December 15 before retracing its steps. Injective (INJ) Price History…

Sylo rallies to 19-month high despite market-wide turbulence 

Sylo (SYLO), the native token of the blockchain-based data exchange, is bucking the broader market trend having recently rallied to a 19-month high above $0.0043. SYLO price, social volume and RSI – Dec. 18 | Source: Santiment Before the recent uptrend Sylo had largely underperformed this year plummeting to a low of $0.001108 in October. While the rest of the market witnessed year-to-date (YTD), gains at the time represented a 42% decline in Sylo’s price YTD. However, the token made a late and unexpected comeback against bear market sentiment at the…