Tag: High

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…

Daily gas spent on EVM inscriptions surges to record high of $8M

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Network transaction fees across all blockchains have spiked over the weekend as the Ordinals inscriptions craze continues to push demand for blockspace — and not just on the Bitcoin network. Inscriptions on Ethereum Virtual Machine (EVM) chains skyrocketed over the weekend, causing a spike in gas fees. On Dec. 16, gas spent on inscriptions surged to a record high of $8.3 million, according to data from Dune Analytics. The Avalanche network saw the most gas spent, with more than $5.6 million on that day alone. Aribitrum One was second, with…

XRP to reach all-time high: Reaper Financial’s Patrick Riley

Reaper Financial founder Patrick Riley is optimistic about Ripple’s (XRP) potential for reaching a new all-time high. In an interview with market analyst Zach Rector, the coin could surpass $22 in the next bull market. Riley broadly discussed some of the projects his team at Reaper has built leveraging the XRP ledger, which will only propel the bullish potential. Furthermore, the crypto startup founder told Rector that the introduction of Ethereum Virtual Machine (EVM) side chains to Ripple will boost the network’s growth.  From Ethereum to XRP Riley deemed Ethereum…

Bitcoin fees hit 20-month high as miner revenues match $69K BTC price

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Bitcoin (BTC) on-chain transaction fees are dividing opinion as the cost of sending BTC skyrockets. Data from statistics resource BitInfoCharts puts the average transaction fee at nearly $40 as of Dec. 17. Commentators: High Bitcoin fees are inevitable The latest wave of Bitcoin ordinal inscriptions have resulted in a fresh wave of elevated transaction fees for all network users — but some believe that they are here to stay. Per BitInfoCharts, it currently costs just over $37 to send BTC on-chain — the highest average figure since April 2021. Bitcoin…

Path To New All-Time High Set?

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On-chain data shows Ethereum has successfully found a rebound at a major support zone, a positive sign for the asset’s exploration at higher levels. Ethereum Recently Made A Retest Of A Strong On-Chain Support Zone In terms of on-chain analysis, the potential of any particular price range to act as support or resistance lies in the total number of investors who bought their coins inside said price range. The reason behind that is the holders are more likely to react whenever the price retests their cost basis or acquisition price,…