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2024 has so far been quite eventful for Bitcoin (BTC), whose price is currently hovering around $58,500, or up 40% year-to-date (YTD). The most successful period for the primary cryptocurrency was in mid-March when it hit a new all-time high of over $73,500. In the following lines, we will explore some important factors that suggest…
Ripple is currently trading with minimal volatility near the significant support region of the 200-day moving average at $0.54. Given the importance of the 200-day MA, it’s likely that this level will hold, providing a foundation for XRP to stage a recovery. XRP Analysis By Shayan The Daily Chart Ripple (XRP) is currently experiencing low…
Bitcoin’s price has failed to recover meaningfully after its drop from the $68K level. Yet, investors might still have hope, as several support levels are available. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been consolidating below the 200-day moving average, located around the $63K mark. The market has…
Analysts believe that Solana is an altcoin to watch for a potential rise to $1,000. However, network data suggests that $300 is a more realistic expectation, leading investors to ETFSwap (ETFS), a new presale token with the potential to rally higher. At $300, the profit margin on Solana is modest, which has led early investors…
As of August 19, 2024, bitcoin is trading at $58,061, with a 24-hour intraday range between $57,918 and $60,191. The crypto asset saw a trading volume of $20.7 billion and maintains a market capitalization of $1.14 trillion. Multiple timeframes reveal a sustained downtrend, with key resistance levels holding firm and technical indicators signaling weak buying…
Stablecoin issuer, Tether has revealed plans to launch US dollar-pegged Tether tokens (USDT) on Aptos Network. This move aligns with Tether’s broader strategy to make digital currency more accessible and useful across the world by capitalizing on Aptos’ ecosystem, according to the official press release shared with CryptoPotato. USDT Set to Debut on Aptos The…
While the European Central Bank is studying the possible issuance of a Europe-wide CBDC, the digital euro, not all Europeans are fully behind this idea. Germany is particularly concerned about the privacy aspects of this implementation, as most transactions and payments are still made using cash, and citizens are reluctant to share their personal information.…
TLDR Shaquille O’Neal faces a class action lawsuit over his involvement in the Astrals NFT project The court dismissed allegations that O’Neal was a “control person” but found he could be considered a “seller” The lawsuit alleges that Astrals sold unregistered securities, which the court did not dismiss O’Neal was also served papers for a…
TL;DR XRP’s price has been volatile, recently settling around $0.57 after a significant drop and partial recovery. Analysts predict a possible breakout, with some targeting a short-term rise to $0.65. What Could Be Next for XRP? The past several weeks have been more than turbulent for Ripple’s XRP. Its price was trading well above $0.60…