Tag: Rally

Solana price prediction, DeFi exchange, Tradecurve, gearing up for a rally

Solana, initially introduced as a potential competitor to Ethereum, garnered significant attention in the cryptocurrency industry as a promising blockchain platform. However, the platform’s association with the now-bankrupt cryptocurrency exchange, FTX, and network shutdowns in 2022 impacted investor confidence, subsequently influencing the price of its native token, SOL. Despite the challenges faced in the past, SOL prices have shown signs of recovery in 2023, leading the Solana community to anticipate further price gains. Concurrently, the token of Tradecurve, a new decentralized finance (DeFi) exchange, could surge in its ongoing presale.…

Hong Kong Stock Market Takes Lead in Asia-Pacific Market Rally

The Asia-Pacific markets displayed a positive trend, with gains observed in South Korea, Japan, mainland China, and Australia. The Hong Kong stock market featuring indices like the Hang Seng Index (INDEXHANGSENG: HSI) experienced a notable bullish surge in its recent trading session, as investors eagerly await the US May jobs report. The Hang Seng Index finished 4.02% higher at 18,949.94, creating significant market excitement and investor optimism. According to reports, the consumer and real estate sectors drove the index’s gains, with significant performances from businesses such as Longfor Group Holdings…

Bitcoin’s next rally may be imminent, on-chain analyst says

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After a long period of unusually low volatility, Bitcoin’s (BTC) next major price move is likely imminent and could drive BTC to $32,000, according to James Check, lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cointelegraph.  To calculate Bitcoin’s average cost basis — the average price at which BTC was bought — Check and his team removed coins that are lost forever from the calculation and focused on active Bitcoin investors.  “It’s where the mean reversion…

Bitcoin’s next rally may be imminent, on-chain analyst points out

After a long period of unusually low volatility, Bitcoin’s next major price move is likely imminent and could drive BTC to $32,000, according to James Check, the lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cryptox.  To calculate Bitcoin’s average cost basis – the average price at which BTC was bought – Check and his team removed the coins that are lost forever from the calculation and focused on active Bitcoin investors.  “It’s where the mean…

Injective releases Avalon upgrade, INJ prices rally 14%

Injective protocol, the decentralized derivatives trading exchange, has activated the Avalon upgrade on the mainnet. In response, INJ, the protocol’s native token, is up 14.4% in the past 24 hours and is one of the top performers, surpassing bitcoin (BTC). Enhancing Injective’s capabilities The Avalon upgrade improves the DEX’s performance, scalability, and user experience. Enhancements include the implementation of layer-1 scalability optimizations, improvements which the protocol say will improve speed and transaction efficiency enabling a smooth trading experience.  The upgrade also sets the base for sub-second block times. This could…

Users accumulating stablecoins as bitcoin and crypto prices rally

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data from Glassnode, a crypto intelligence provider, shows that there is a noticeable accumulation of BUSD, USDC, and USDT across top centralized exchanges like Binance and Coinbase. On May 29, the provider reveals that BUSD’s transaction volume recently hit a 1-month high of $1,067.80, suggesting that more users are using the token.. BUSD median transaction volume – May 29 | Source: Twitter This spike in activity is despite the uncertainty pertaining to BUSD’s future. Paxos, the…

Polygon and uniswap prices are flat, InQubeta is positioned to rally

Investors in InQubeta (QUBE) are bullish, expecting substantial price increases this year, unlike holders of polygon (MATIC) and uniswap (UNI), whose portfolio values continue to decrease. InQubeta brings startups that focus on artificial intelligence (AI) and investors who only sometimes have access to traditional investment mediums together.  Investments in AI technology have grown significantly, with a total of $12.5b in 2015 and over $93b in 2021. More investors are recognizing the potential of AI and its ability to impact various industries greatly. This is becoming increasingly evident. InQubeta has positioned…

Nvidia Earnings Outlook for Current Quarter Induces AI Rally as Company Boosts Production

Nvidia recently increased its quarterly earnings guidance on the back of solid demand, also sparking a rally in AI stocks.  The latest earnings outlook of Nvidia Corporation (NASDAQ: NVDA) has triggered a substantial rally in artificial intelligence (AI) stocks. Early Thursday, the chip maker’s stock soared, pulling other AI-exposed companies higher on a better-than-expected sales forecast. Nvidia’s bullish sales forecast originated from surging demand for its AI chips, which has also seen the company boost production. Weighing in on increased production, Nvidia chief executive officer Jensen Huang explained in a statement: “The…

Korean lawmakers rally towards crypto rules in May after grisly murder case: Report

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Lawmakers from South Korea are pushing to enshrine stricter regulation of digital assets in the wake of a gruesome murder case involving digital assets.  According to a May 18 Bloomberg report, a Korean woman was abducted on March 29 and later murdered in a dispute believed to have stemmed from a disagreement over cryptocurrency-related losses — adding to a string of digital-asset-related scandals including Do Kwon’s Terra Money ecosystem collapse in May last year. The recent murder case has reportedly added urgency for lawmakers to expedite the nation’s first standalone crypto…