Archives par catégorie: Business

Solana (SOL) Rebounding After A Major Drop, Will It Recover Previous Losses?

Solana (SOL) Rebounding After A Major Drop, Will It Recover Previous Losses?

Many investors are unsure what will happen to the Solana (SOL) price going forward after its recent 7 days decline of 13%. Will SOL make a strong comeback?  Solana has emerged as one of the most popular blockchains in the cryptocurrency industry due to its fast transactions and expanding ecosystem. However, it had a rough […]

What’s Behind The Recent Bitcoin Drop? Here’s What On-Chain Data Says

What’s Behind The Recent Bitcoin Drop? Here’s What On-Chain Data Says

Bitcoin on-chain data hints that selling from the miners may have been behind the latest plunge in the asset’s price below the $28,000 mark. Bitcoin Miners Have Shown Signs Of Selling Recently As pointed out by an analyst in a CryptoQuant post, miners had been putting on some selling pressure on Bitcoin while the decline […]

These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?

These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?

After weeks of gains, the crypto market finally succumbed to the bears. According to CoinMarketCap, the total market cap of cryptos is at $1.12 trillion, a measly 0.22% increase from yesterday. Since the start of the week, the metric has gone down by 9%.  This was largely caused by economic woes that plagued US equity […]

Loopring (LRC) Slides 20% In 5 Days Despite NFT Red Packet 2.0 Launch

Loopring (LRC) Slides 20% In 5 Days Despite NFT Red Packet 2.0 Launch

Loopring (LRC) prices remain under pressure, dropping roughly 20% days after announcing the launch of non-fungible token (NFT) Red Packet 2.0. Loopring Announces Red Packet 2.0 Loopring, a layer-2 decentralized exchange using zkRollups on Ethereum allowing traders to exchange assets, said NFT Red Packet 2.0, currently available on their Loopring Smart Wallet and the web app, let […]

MATIC Below Key Support Levels: What’s Next?

MATIC Below Key Support Levels: What’s Next?

MATIC had been consolidating between $1.4 and $1.8 until it faced bearish pressure and declined. Over the last week, it depreciated nearly 16%, with a 6% dip on the daily chart. The technical outlook indicated bearish price action, with a drop in demand and accumulation. Major altcoins also struggled to surpass their resistance levels as […]

ADA Price (Cardano) Close Below $0.38 Could Spark Larger Degree Correction

ADA Price (Cardano) Close Below $0.38 Could Spark Larger Degree Correction

Cardano’s price started a fresh decline from the $0.460 resistance. ADA could decline further if there is a clear move below the $0.38 support. ADA price declined heavily from the $0.460 resistance against the US dollar. The price is trading below $0.400 and the 100 simple moving average (4 hours). There was a break below […]

Ethereum Price Vulnerable To More Losses If It Stays Below $1,920

Ethereum Price Vulnerable To More Losses If It Stays Below $1,920

Ethereum price extended its decline below $1,920 against the US Dollar. ETH could continue to move down if it breaks the $1,820 support zone. Ethereum traded further lower below the $1,920 support. The price is trading below $1,920 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with […]

Bitcoin Price Could Resume Increase But 100 SMA Is The Key

Bitcoin Price Could Resume Increase But 100 SMA Is The Key

Bitcoin price is attempting a fresh increase from the $27,200 support. BTC must clear $28,000 to start a decent increase in the near term. Bitcoin extended its decline below the $28,000 support zone. The price is trading below $28,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend […]

Avalanche Struggles Under $18 – More Losses Seem Likely

Avalanche Struggles Under $18 – More Losses Seem Likely

Over the last few days, Avalanche has experienced significant losses, plunging by almost 20%. On a weekly timeframe, AVAX has lost 10% of its market value. Although the daily timeframe indicates that AVAX has made a slight upward movement on its chart, with an appreciation of 1.6%, the technical outlook for Avalanche remains bearish. Buyers […]

PepeCoin (PEPE) Rallies By 42% As Interest In Memecoins Rises

PepeCoin (PEPE) Rallies By 42% As Interest In Memecoins Rises

PepeCoin (PEPE), a newly launched memecoin, has been a focal point of investors’ interest in the last few days due to its massive market gains. In a crypto market that is generally bleeding red, PepeCoin, along with a host of other memecoins, has been quite profitable for investors.  PEPE Gains 42% In 24 Hours According […]

Celer Network (CELR) Soars 11% Amidst General Bearish Trend

Celer Network (CELR) Soars 11% Amidst General Bearish Trend

Celer Network (CELR) is currently experiencing a market pump amidst a general crypto fall. In a week in which several assets have bled with significant losses, CELR has repaid investors’ confidence gaining 10.8% in the last seven days. According to more data from Coingecko, CELR has gained by 26.3% in the last two weeks representing […]

BONE Surges 8.3% As OKX Amasses 1.71 Million BONE Tokens In Single Day

BONE Surges 8.3% As OKX Amasses 1.71 Million BONE Tokens In Single Day

While the crypto market appears to be in decline, Bone Shibaswap (BONE), the Shibaswap ecosystem’s governance token, has been on the rise. As of this writing, the price of Bone Shibaswap has ballooned to an impressive 8.3% in the past 24 hours, according to CoinGecko data. However, a broader look at BONE’s market performance indicates […]