Tag: Market

Ethereum Whale Offload Holdings Amidst Market Downturn

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Ethereum (ETH) tumbled 6.45% in the past week, marking a rough stretch for the world’s second-largest cryptocurrency. Generally, Ether has left investors much to desire in recent times with a price decline of 16.57% over the last few months. Amidst this bearish market, a crypto whale has sold off all his Ethereum tokens drawing much attention from traders and market experts alike.  ETH Whale Liquidates Holdings, Incurs Substantial Loss In an X post on May 11, blockchain tracking platform Lookonchain reported that a crypto whale offloaded all its 6,714 ETH…

Peter Schiff: Gold, Silver ‘Ready to Explode Higher’ — Sees ‘Biggest Precious Metals Bull Market in History’

Gold advocate and economist Peter Schiff has predicted an explosive rise in gold and silver prices. While encouraging investors to “Take advantage of what could be the biggest precious metals bull market in history,” Schiff calls bitcoin “dead money,” expecting outflows from spot bitcoin exchange-traded funds (ETFs) to “soon put significant downward pressure on bitcoin.” […] Source CryptoX Portal

NFT sales dip, Bitcoin takes hit but dominates market share

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Sales of non-fungible tokens (NFTs) took a hit this past week, dropping by 11.16% compared to the previous week. Data from cryptoslam.io shows that this week’s total sales reached $144.33 million, with Bitcoin-based NFTs contributing more than $49 million to this total. However, despite the impressive figures, the sales of digital collectibles on Bitcoin (BTC) fell by 14.65%. NFTs on Ethereum (ETH) generated $41.55 million in sales, also down by 11.7% from the prior week. Solana (SOL) NFTs, ranking third in sales, earned nearly $26 million, experiencing a modest increase…

NFT Sales See Week-Over-Week Decline as Market Continues to Cool

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics […] Source CryptoX Portal

Avalanche (AVAX) Price Dips As Market Turbulence Persists

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AVAX is the native utility token of the Avalanche blockchain. The token is currently ranked 12th by market cap, with a total supply of 440,043,419 AVAX and a total trading volume of over $396,250,098 in the last 24 hours. Since its recent pullback at $36.15, AVAX has continued to move downward. Currently, the general cryptocurrency market is bearish. This has led to the price of AVAX dropping below the 100-day Simple Moving Average (SMA) and the price might continue to drop in the next couple of days. As of the…

Breaking Down Its 2400% Uptrend And Market Outperformance

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Decentralized and open-source computing platform Akash Network has captured significant attention in the cryptocurrency market as its native token, AKT, has outperformed the top 100 cryptocurrencies with a 2400% price increase year-to-date.  While Bitcoin (BTC) and other major cryptocurrencies experience price corrections, the Akash Network and its native token are surging at a remarkable pace. To comprehend the driving factors behind this uptrend, it is crucial to delve deeper into what the Akash Network represents and its underlying technology. What Is The Akash Network? The Akash Network, founded in March…

TON, AKT, AR see 15%+ increases as market steadies 

As cryptocurrency prices recover, three coins in the top 100 boasted price increases of 15% or more. According to CoinMarketCap, the total crypto market cap increased by around 2.4%. At a current valuation of $2.33 trillion, over $55.9 billion flowed in native blockchain assets in the past 24 hours.  Bitcoin (BTC) gained nearly 3%, one of the largest increases in the top 10 virtual currencies after Solana’s (SOL) 7% ascent. Both tokens were outshined by Toncoin (TON), the crypto issued by the Telegram-endorsed chain, The Open Network.  TON’s uptrend resulted…