The XRP price is currently bucking the general market trend and is recording a small gain of around 2% over the last 24 hours. What is noticeable are massive movements by whales over the past few hours. The cryptocurrency market is on shaky ground given the macroeconomic headwinds and the still not fully digested shock…
In the previous month, Solana (SOL) has failed to make progress as the token fell victim to the market contagion brought about by the collapse of crypto exchange FTX. As of this writing, all time horizon indicators for Solana’s native token SOL are red. Since succumbing to market contagion, Solana has continued to bleed Using…
While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem. As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue…
The year 2022 has been a very rough one for Bitcoin and the general crypto market. In the initial 11 months of the year, BTC declined by about 65%. Then, when it appeared that BTC gained stability at the $20K price mark, the FTX contagion broke out. The adverse event has brought the leading coin,…
There is a group called the Terra Rebels whose goal is to restore the natural environment of Terra Classic. On Twitter, a member by the name of Architect123 recently updated the community on the most recent developments in the ecosystem. Let’s take a quick glance at some recent developments: Recent statistics suggest that an increase…
Cardano’s price started a fresh decline after it failed to surpass $0.33. ADA remains at a risk of more losses below $0.30 and $0.28 in the near term. ADA price is showing a lot of bearish signs below the $0.320 support against the US dollar. The price is trading below $0.320 and the 100 simple…
Ethereum extended its decline below the $1,240 support against the US Dollar. ETH remains at a risk of more losses below the $1,220 support in the near term. Ethereum remained in a bearish zone and traded below the $1,240 support. The price is now trading below $1,250 and the 100 hourly simple moving average. There…
Bitcoin price extended its decline below the $17,000 level. BTC could avoid a major drop if it closes above the $17,000 resistance zone. Bitcoin remained in a bearish zone and traded below the $17,000 support. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend line…
On-chain data shows Bitcoin holders have done some rapid fresh accumulation recently, something that may lead to bottom formation for the cycle. Bitcoin 1w-1m Realized Cap UTXO Age Bands Have Sharply Gone Up As pointed out by an analyst in a CryptoQuant post, the percentage of the BTC realized cap that was last moved between…
The Chainlink price has not reflected positive changes despite a major development in the altcoin’s ecosystem. Over the last 24 hours, LINK has declined by over 4%. Even in the weekly window, the altcoin lost over 6% of its value. LINK had charted considerable gains in the month of November. The bulls, however, could not…
