A prominent cryptocurrency analyst says the native token of the XRP Ledger (XRPL) is set to see an uptrend. Cryptocurrency trader Ali Martinez told his 68,700 followers on social media platform X that XRP needs to break $0.90. “XRP has been consolidating in a symmetrical triangle for 6 years! A bullish breakout could occur if XRP breaks $0.90.” Source: Ali Martinez/X At the time of writing, XRP is valued at $0.587, down 10% in the last 24 hours but up 22% in the last 30 days. Looking at blockchain oracle Chainlink (LINK), Martinez turns to a technical analysis tool used…
Author: Crypto Flexs
Read More
Stacks (STX) price is showing a downward trend despite falling more than 12% in 4 days. This downtrend is due to a lack of confidence among STX holders as they already expected a decline. Stack investors turn pessimistic. The STX price is taking a hit from the decreasing confidence of investors who have switched their loyalty despite the slight decline. The negative funding ratio indicates that STX holders are expecting a decline and have started short-term betting. This suggests that there is a bearish sentiment among traders who expect the price to fall. The change in funding rates over the…
Caroline Bishop August 1, 2024 18:28 Circle’s EURC stablecoin is now live on the Base mainnet, allowing developers and users to mint and redeem EURC. It is supported by major partners like Coinbase and Uniswap. Circle, a prominent global financial technology company, has announced the launch of EURC, a euro-backed stablecoin, on its Base mainnet. According to circle.com, the development will provide developers and users with enhanced functionality for minting and redeeming EURC. EURC on base EURC is a Euro-backed stablecoin issued by Circle that aims to facilitate global commerce on Base. The launch…
Bitcoin (BTC) continued its downward trend at the opening of Wall Street on August 1, as the cryptocurrency ignored new interest rate cuts from central banks.BTC/USD 1-hour chart. Source: TradingViewDovish Federal Reserve Provides No Respite for Bitcoin BullsAccording to data from Cointelegraph Markets Pro and TradingView, the BTC price is in a bearish trend after dropping 2.4% the previous day.The decline continued despite the Federal Reserve adopting a dovish stance in its recent meeting when it decided to change interest rates.In a press conference after the Federal Open Market Committee (FOMC) decided to keep interest rates steady, Federal Reserve Chairman…
TIA, the native token of modular blockchain project Celestia, continues to struggle. It is currently trading at $5.32, down 12.37% over the past 30 days. Over time, the indicators show that TIA may be escalating losses as it approaches a critical point. Here’s what to expect: Celestia holders may have to deal with another downturn. The daily chart shows a relative strength index (RSI) reading of 38.86. RSI is a technical indicator that measures the speed and price movements of a cryptocurrency. The oscillator also determines whether an asset is overbought or oversold. If the reading is above 70.00, the…
Toronto-based investment firm Cypherpunk Holdings has once again increased its exposure. Solana brush -12.11% According to the latest Public disclosureSince mid-July, the company has purchased approximately 23,000 additional SOL, bringing the total to 86,294 tokens (valued at $21.6 million).Last month, The Block first reported that Cypherpunk had grown tenfold. From an initial investment of 6,131 tokens, the SOL backlog was increased to 63,000 tokens (valued at $14 million at the time).There was no SOL until the end of Q1 2024.The move is part of a major shift in focus for the company, which was one of the first publicly traded…
Iris Coleman August 1, 2024 16:23 CoreWeave has appointed Jeff Baker as Chief Accounting Officer, bringing over 20 years of experience in AI hyperscaler space. According to PRNewswire, CoreWeave, an AI Hyperscaler™, has appointed Jeff Baker as its new Chief Accounting Officer. Baker has over 20 years of experience in finance and accounting leadership roles, most recently serving as Chief Accounting Officer at Rivian. Jeff Baker’s Career Highlights Baker is a seasoned executive with extensive experience in financial management. During his tenure at Rivian, which began in May 2021, he played a key role…
Ethereum whales have accumulated over 126,000 ETH in just 48 hours, which is worth $440 million. However, indicators showed that a reversal was possible. Ethereum (ETH) whales have been shopping in the past 48 hours. These large holders have bought over 126,000 ETH, worth about $440 million, according to analyst ali_charts. This has led to a massive influx of buying pressure at a time when the entire cryptocurrency market is showing mixed signals. Exchange activities become more active Accompanying the whale accumulation, exchanges have seen an increase in activity. According to IntoTheBlock data, major platforms have seen an increase in…
Whether executing algorithmic trades of memecoins or racking up transactions in anticipation of airdrops, bots are everywhere in crypto today. These automated programs operate with speed and precision far beyond human capability, tirelessly performing their programmed functions 24/7. However, the benefits these crypto bots bring for their owners come at the expense of genuine traders and blockchain users. Their inhuman speed and accuracy create significant disparities in the market, leading to an uneven playing field. Magazine has even observed crypto bots that create and launch new memecoins on Solana while automatically pulling liquidity from older coins to rug users. How…
Solana (SOL) is currently retesting the important support at $165, the same low that was formed earlier in the week. If the asset closes its daily positions below this range, it could see a further 25% drop to $122 in the coming weeks.Bitcoin and Solana’s Correlation Is GrowingSolana’s 8% correction in the past day could be linked to the overall market decline. After the FOMC meeting announced unchanged rates, BTC fell 3%, which caused SOL to fall to $166. SOL has seen a sharp decline as data shows that both assets currently share a correlation index of 0.67. Solana vs…