SOL ranks among the bullish cryptocurrencies today, benefitting from the ongoing rally in the crypto market. $40 looks more realistic since SOL overcame the psychological resistance level of $20. Based on its present trajectory and exciting events in the Solana community, investors wonder if it will attain $40 in the coming days. The technical indicators in the chart below will uncover SOL’s price trajectory in the coming days. SOL Testing $36.69 Resistance, Will The Bulls Rally To $40? SOL is in an uptrend on the daily chart, forming a third…
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198% Yearly Surge Puts Network Among Top 15
Cardano (ADA), a Proof-of-Stake (PoS) Layer-1 (L1) smart contract network launched in 2017, experienced a largely quiet Q3 2023 in the overall crypto market. However, the network faced challenges with a decline in ADA’s price and revenue. Despite these setbacks, Cardano showcased growth in its treasury balance, stablecoin market cap, and Total Value Locked (TVL) ranking. Furthermore, the network’s infrastructure and connections to other ecosystems have paved the way for future decentralized finance (DeFi) sector developments. Cardano Sees Decrease In Daily Active Addresses And Transactions According to a recent report…
Is Bitcoin Top Here? This Metric Would Say Otherwise
The Bitcoin MVRV ratio, an on-chain indicator, could suggest the asset may not have hit its top for the current rally just yet. Bitcoin MVRV Ratio Says Market Isn’t Overheated Right Now According to data from the market intelligence platform IntoTheBlock, past bull markets hit their peaks when the MVRV ratio crossed the 300% mark. The “Market Value to Realized Value (MVRV) ratio” refers to an indicator that keeps track of the ratio between the Bitcoin market cap and realized cap. The “realized cap” here is a capitalization model for…
CME Whisker Away From Replacing Binance as Top Bitcoin (BTC) Futures Exchange
Retail investors, too, seem to have played their part, as evidenced by the uptick in the futures-based ETFs. The rolling five-day volume in ProShares’ industry-leading bitcoin futures ETF jumped by a staggering 420% to $340 million last week, according to data provided by Matrixport. The ProShares ETF invests in the CME bitcoin futures. Original
Injective Rules Top 50 Crypto Ranking With 60% Hike
The cryptocurrency known as Injective (INJ) has exhibited a remarkable increase in price, exceeding 900% since the commencement of the year, even in the face of a general downward trend in the digital currency market. The price of INJ has remained unaffected by the extensive consolidation observed in the cryptocurrency market since Thursday. On Friday, it had a 10% increase, reaching a trading value of $13.15. The current market valuation of the coin stands at over $1 billion. This places the cryptocurrency at the 44th position in terms of rankings based…
Neo, Floki and Injective lead top gainers in the last 24 hours
Following a Bitcoin price surge over $35,000, a number of other assets have taken on a bullish momentum. Looking at price data from CoinMarketCap, top gainers in the last day include Neo, the Ethereum of China, Floki and Injective. Double-digit gains Neo has reported the biggest gainer on the top 100 crypto assets in the past week, growing 16.35 percent in the last 24 hours, claiming a price of $9.00 at the time of writing. Top Crypto Gainers And Losers Today | Source: CoinMarketCap Sitting below NEO is Floki, which…
FLOKI Outmuscles Top 100 Cryptos, Soars 134%
FLOKI, in the dynamic and continually evolving world of cryptocurrency, stands as a noteworthy contender, demanding serious consideration within the distinctive and inherently speculative market of meme coins. FLOKI, a cryptocurrency that draws inspiration from Elon Musk and derives its name from his Shiba Inu companion Floki, has exhibited a notable surge in value, with a 26% price appreciation observed over the course of the past 24 hours. At the time of writing, FLOKI was trading at $0.000038, and registered a commanding 134% increase in the last seven days, surpassing…
CoinGecko reports top CEXs, Kucoin falls out of top 10
The world’s largest independent cryptocurrency data aggregator, CoinGecko, shared its 2023 Q3 Crypto Industry Report, highlighting the updated ranking for top centralized exchanges (CEXs). While Binance leads, KuCoin, the self-proclaimed “people’s exchange,” was edged out of the previous top 10 rankings. Binance still leads According to the Oct. 26 tweet, the top 10 CEXs by trading volume include Binance with a reported 43.9 percent of total volume, Upbit with 11.5 percent, HTX with 7.8 percent and Coinbase at 6.8 percent. Despite Binance continuing to lead the DEX rankings in the…
Top 3 XRP Developments You Should Be Aware Of That Could Boost Price
XRP is currently up over 14% in the last seven days, and some might argue that the altcoin is simply enjoying the euphoria of a possible Spot Bitcoin ETF approval, which has seen the crypto market resurge. However, there are other developments that the XRP community might need to be aware of, as they could cause the crypto token to continue to rally. Ripple To See More Liquidity With Latest Collaboration Blockchain company Ripple recently announced that it had partnered with Web3 financial platform Uphold. As part of the partnership…
Co-Founder of Paradigm, a Top Crypto Investor, Steps Down as Managing Partner to Focus on Science
“This change allows me to carve out some time to explore areas of science that are of personal passion for me,” he wrote. “I’ll continue to work with our investing & research teams, work with portfolio companies, and fight for good crypto policy, while focusing less on the day to day management of the firm.” Source