Shiba Inu remains one of the most popular meme coins but the performance of the cryptocurrency in the last year has been discouraging for holders. Despite remaining the second-largest meme coin, it has continued to decline in price and this has caused the asset to fall below very crucial support. And now that SHIB is…
Ethereum gas consumption landscape is transforming significantly as Non-Fungible Token (NFT) marketplaces no longer dominate the network’s gas usage. According to a report by Nansen, a crypto analytics platform, NFTs have fallen behind in doing the most in Ethereum gas fees. Notably, while Ethereum’s transition to proof-of-stake, in an event known as “The Merge,” is anticipated…
The Non-Fungible Tokens (NFT) industry has been a hub of innovation and growth over the past year, but as it approaches the midway point of 2023, the market is showing signs of maturation and change. According to a recent report by DappRadar, NFT sales could fall below $1 billion for the first time this year.…
According to the latest report by the research firm, Messari, the XRP Ledger (XRPL) saw a significant surge in activity during the first quarter of 2023. The daily active addresses and daily transactions increased by 13.9% and 10.7% QoQ, respectively. XRP’s price also showed an impressive increase of 56% quarter-over-quarter (QoQ), from $0.35 to $0.54.…
Lido (LDO), the leading liquid staking derivatives (LSD) protocol, recently made waves in the crypto community by enabling staked ETH (stETH) withdrawals. Expectations were high as many anticipated a surge in stakers unstaking their ETH. However, contrary to these predictions, Lido has witnessed a remarkable increase in ETH deposits, reaching a record-breaking level. This surge…
Bitcoin has now dipped below the $27,000 level as on-chain data shows the miners have possibly been selling the asset recently. Bitcoin Miner Reserve Has Taken A Sharp Plummet Recently As pointed out by an analyst in a CryptoQuant post, miners have taken out about 1,750 BTC from their wallets during the past day. The…
Shiba Inu (SHIB) has recently caught the attention of investors as its chart reflects a significant surge in capital inflows and buying pressure. These developments have left many speculators wondering if this positive momentum will be sufficient to initiate a much-anticipated price rebound. With increased interest and activity surrounding Shiba Inu, all eyes are now…
Dogecoin (DOGE) has been embarking on a relentless quest for a price surge in recent weeks. As the market witnessed a flurry of activity, an unexpected twist unfolded when an anonymous whale made a significant decision—to sell a portion of their coveted meme coins. In a move that raised eyebrows, one of these hefty Dogecoin…
Bitcoin (BTC) shrimp investors, affectionately dubbed the “underdogs” of the cryptocurrency world, are making waves in the market as they steadily accumulate the digital asset at an unprecedented rate. These smaller investors, often overlooked in favor of institutional giants, have recently reached a significant milestone, with the total supply of Bitcoin held by them surging…
The Web3 industry offers a diverse range of services, creating a dynamic landscape for individuals. A notable development in this space is the recent partnership announcement by Horizon, the creators of Sequence, aimed at redefining Web3 infrastructure. This collaboration has had a significant impact, particularly on Polygon’s governance token MATIC, which experienced a notable increase…
