Polygon (MATIC) is the altcoin in focus this time around as an analyst provides an analysis of the crypto token. Based on this analysis, there is a feeling that things could soon begin to look up for MATIC. Polygon Could See Significant Rally Soon In a video shared on the Cheeky Crypto YouTube Channel, crypto analyst JB noted that MATIC has declined following Bitcoin’s pullback. However, this move is unexpected as he believes that the crypto token’s decline to the particular retracement area sets it up nicely for an upward…
Tag: Rally
Osmosis Rally Intensifies With 72% Rally
The price movement of OSMO has demonstrated significant volatility, moving through a largely bearish trend for the most part of the year. But in the last three months, the cryptocurrency has shown signs of a strong comeback and is now entering a phase of strong recovery. Currently, a wide range of technical indicators are available to traders, each of which presents a complex picture of the possible future paths for the OSMO price. Together, these signals create a mosaic of information that help traders traverse the complicated environment in which…
Bitcoin Cools After 65% Rally; WOO Network Predicts BTC Price to Hit $75K in Early 2024
The largest cryptocurrency by market cap recovered to $43,000 after Monday’s 10% flash crash to $40,000 that flushed overenthusiastic leveraged bets on higher prices. A dovish Federal Reserve projecting rate cuts and the falling U.S. dollar bolstered the recovery, but lost steam by Friday and BTC slipped back to $41,500. Source
Solana (SOL) Rally Sees FTX’s Holdings Grow to $3.3B, Setting Claims Market on Fire
“The market for claims has gone red hot,” Braziel said via email. “Everything that was off the table is now on the table in terms of issues with claims, such as KYC/ AML being not verified. In the beginning it was super picky; now it’s whatever we can touch that we can figure out, we will do.” Source
Bitcoin and Altcoins Market Rally Resumes Following Fed Interest Rate Announcement
Although the price spikes following the Fed announcement cleared recent bearish drawdowns and provided support levels, uncertainty remains over the sustainability of the increases. The prices of major cryptocurrencies, including Cardano (ADA) and Solana (SOL), have seen fluctuations around the latest Federal Reserve announcement on interest rates. On December 13th, 2023, the Fed decided to keep rates within a target range of 5.25–5.50%, leading to an initial boost in the price of Bitcoin (BTC) and some altcoins. Following the news, BTC spiked 2.2% to reach $43,400, reflecting an overall sense…
SOL Price Resumes Rally, Here’s Why Solana Could Pump 20%
Solana stayed above the $65 support and started a fresh increase. SOL price is likely setting up for more gains above the $75 and $80 resistance levels. SOL price started a fresh rally above the $68 resistance before the bears appeared against the US Dollar. The price is now trading above $68 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $65.50 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair is up nearly 10%…
Starknet, LayerZero, and More Fuel Crypto Rally with Token Releases
Loyal readers of The Protocol will recall our riff in last week’s issue, headlined “Bitcoin Censorship, or Just ‘Spam Filtering?‘” The gist of the story is that some Bitcoin purists are trying to keep the oldest and largest blockchain free from non-financial transactions – such as the text snippets and images that some people are “inscribing” onto the blockchain via the Ordinals protocol, launched late last year. The drama ratched up recently when Ocean, a new bitcoin mining pool backed by Jack Dorsey and co-led by a longtime Bitcoin developer,…
Santiment Points Out Trigger Behind 65% Cardano Rally
The on-chain analytics firm Santiment has revealed a Cardano pattern that may have contributed as a trigger for the recent 65% rally in ADA’s price. Cardano Observed A Sudden Loss Of Wallets Prior To Rally As explained by Santiment in a post on X, ADA witnessed a large number of small wallets clear themselves out last month. The relevant indicator here is the “Supply Distribution,” which keeps track of the total amount of Cardano wallets that belong to the different groups in the market. The wallets or investors are categorized…
Shiba Inu Rally To $0.0001? Shibarium Transaction Count Breaches 90 Million Milestone
Shibarium, the Shiba Inu Ethereum Layer 2 network, has been ramping up in the last few weeks. The rapid rate of adoption has led to a rise in the number of transactions being carried out on the network on a daily basis, leading to a new milestone. Over 90 Million Transactions Carried Out On Shibarium According to data available from ShibariumScan, the total number of transactions carried out on the Shiba Inu Layer 2 network has now crossed the 90 million mark. This comes after multiple days of over 6.5…
Cardano 50% Rally Sets Stage For A Merry Christmas
Cardano saw a sharp increase in market value, shooting up to a high of $0.61 today, to the delight of traders and investors, in light of the cryptocurrency’s past price fluctuations. People in the trading community are talking more about possible catalysts and causes that have contributed to Cardano’s recent market dynamics because of how unexpected its ascension is. Although there was early jubilation following Cardano’s recent jump to $0.65, it turned out to be fleeting. ADA quickly experienced a reversal, reflecting a more extensive and unanticipated decline in the…