Altcoins
-
Is Binance founder CZ’s sentence the boost BNB needed all along?
BNB tumbled over 6% in the 24-hour period owing to broader market bloodbath. The positive commentary around the coin increased dramatically in the last 24–48 hours. Binance Coin [BNB] suffered substantial losses in the last 24 hours, as the broader market downturn took its toll on the native token of the Binance ecosystem. The fourth-largest cryptocurrency by market cap tumbled…
Read More » -
Bitcoin Is Fine As Long As It Holds Above $49,000: Analyst
Despite Bitcoin’s 13% drop in the past week, which saw it break below the psychological $60,000 level and drop 20% from its all-time highs, one analyst on X remains resolute. Drawing from the weekly chart, the trader maintains a bullish outlook, saying the coin will shake off weakness in the coming session. This aligns with bulls for the better part of…
Read More » -
60% Cardano [ADA], 83% ARB holders lose money – Breaking down why
ADA’s price may breach support and chase new lows. ARB may witness further decline as the demand for the altcoin continues to drop. Cardano [ADA] and Arbitrum [ARB] are the two leading Layer 1 (L1) and Layer 2 (L2) assets with the highest count of holders in losses, IntoTheBlock noted in a recent post on X (formerly Twitter). According to…
Read More » -
Ethereum founder Vitalik Buterin says ‘decentralize your security’ – Why?
Vitalik Buterin proposes “multi-sig” to solve seed phrase issues with hardware wallets. Shamir is another alternative to storing seed phrases, but Buterin downplayed it. Self-custody wallets, especially hardware wallets, have grown popular as third-party risks become apparent, as in the case of FTX implosion. Crypto Twitter starkly reminds users of these risks through a catchy phrase, “Not your keys, not…
Read More » -
Network Update Fails To Fix Traffic Jam
Solana, the self-proclaimed high-speed blockchain darling, finds itself facing an uphill battle. A confluence of a broader crypto market downturn and persistent network congestion threatens to stall its momentum and cast doubt on its long-term viability. Solana Slides With The Market The recent crypto market correction hasn’t spared Solana. The token, which enjoyed a stellar run for months, has mirrored…
Read More » -
Bitcoin’s price crashes below $60,000 – Which way will BTC go now?
Prudent Bitcoin traders might want to stay sidelined instead of bidding. A drop below the local low could send prices careening lower by close to 15%. Bitcoin [BTC] crashed by 7.46% from the local high it set earlier on 30 April. At press time, it was trading just above $59.9k, within the demand zone of $59.2k-$61k. Source: BTC/USD, TradingView However,…
Read More » -
Solana: What key indicator’s 47% slip means for SOL’s price and $130
SOL’s Futures Open Interest sat at a two-month low. There is a possibility the coin slips under $130. Solana’s [SOL] Futures Open Interest has cratered to its lowest level since the 27th of February, according to data from Coinglass. An asset’s Futures interest tracks the total value of its Futures contracts that have yet to be settled or closed. When…
Read More » -
Solana Projected To Reach $500 This Year Despite Market Meltdown, Expert Predicts
Solana (SOL), currently ranked as the fifth largest cryptocurrency with a market capitalization of $56 billion, has experienced a significant decline amid the recent market meltdown affecting the digital asset space. Over the past 24 hours, SOL has witnessed an 8% drop, reflecting the broader market downturn. Despite this setback, experts believe that if the cryptocurrency maintains support above the…
Read More » -
Bitcoin Runes fade away: Examining the effects on BTC miners
Bitcoin transactions have dropped. Miners are currently underpaid as Runes transactions dropped. After the halving event, Bitcoin [BTC] fees experienced an unexpected spike, leading to a corresponding increase in miner fees. Runes had emerged as a significant contributor to the network’s transactions post the halving event. However, this spike has since subsided, resulting in declining transaction fees and miner revenue. Runes…
Read More » -
HNT crypto’s 45% surge: Is a $10 price target on the cards?
HNT was the coin with the highest gains in the last week. A key technical indicator has hinted at the possibility of a continued rally. With a 45% price growth in the last week, HNT, the native coin of the Helium Blockchain, currently ranks as the cryptocurrency asset with the most gains during that period, according to CoinMarketCap. At press…
Read More »
