The price of XRP may drop to $0.48 after numerous holders sell their tokens. Volatility is surging and network activity is sluggish, showing signs of recovery. After analyzing data from Santiment, AMBCrypto determined that addresses with between 100,000 and 1 million XRP are shredding the number of tokens held in their wallets. At press time, on-chain data showed that a group of 100,000 to 1 million people currently holds 11.01% of the total XRP circulating supply. It was also found that the 10,000 to 100,000 group accounted for 11.27% of the decrease in address balance. XRP begins its downward path…
Author: Crypto Flexs
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Bitcoin price continued its upward trend above the $67,500 resistance level. BTC has tested the $68,000 resistance and is currently correcting to the upside. Bitcoin began a downward correction after rising towards the $68,000 resistance zone. The price is trading below $67,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a break has occurred below the connecting bullish trendline with support at $65,900. Unless the bears break below $65,900, the pair could begin another rally. Bitcoin price downward correction begins Bitcoin price remained stable above the $66,500 level. BTC extended…
Cryptocurrency prices saw a modest rally last week as investors embraced risk sentiment in financial markets. Bitcoin surpassed $67,000 for the first time in over a month. Beatbot We continued our token sale, raising millions of dollars. This article focuses on BitBot, Floki, and Arweave. Arweave price prediction Arweave It is one of the largest companies in the Web 3 industry with a market capitalization of over $3 billion. We are disrupting the online storage industry by providing persistent storage solutions for developers. Developers can also use Warp technology to launch smart contracts that process transactions within seconds. Arweave’s price…
XRP price began another downward trend after failing to break above the $0.530 resistance level. The price is back below $0.5150 and showing some signs of weakness. XRP struggled near $0.5300 and began a new downtrend. The price is currently trading below $0.5150 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair (data source from Kraken), a break has occurred below the main contract triangle with support at $0.520. The pair could gain bearish momentum if it closes below $0.500. XRP price turns red After a steady rise, XRP price faced resistance near $0.530. A…
Today’s Weekly Recap: Notcoin (NOT) is facing a 50% price slump following its airdrop debut. Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded record inflows, recouping April losses amid a market rebound. Regulatory and enforcement actions are rampant in the cryptocurrency industry. Notcoin plummets 50% after debut The Notcoin project debuted. Previously, the team announced that it would end direct deposits on the exchange on May 14th. They announced plans to resume deposits after NOT listing on May 16. Crypto.news reported on May 16 that the Play-to-Earn blockchain project airdropped $80.2 billion to miners in The Open Network (TON) community. The…
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Binance Launches Word of the Day GameTo enhance cryptocurrency education, Binance has launched a new Word of the Day (WOTD) game. This initiative is designed to help users increase their cryptocurrency-related vocabulary while keeping abreast of the latest market developments. This week’s topic is DApp (Decentralized Application).How do WOTD games work?Eligible users can play up to two WOTD games per day to test their knowledge on a given topic. Those who accumulate a total of 5 correct answers during the activity period will equally share the pool of 500,000 Binance Points. These points can be…
The Solana logo is quickly becoming one of the most recognizable cryptocurrency logos in the blockchain world. Like Bitcoin’s (BTC) orange B, Dogecoin’s coveted dog, and Cardano’s iconic circular pattern, the SOL coin logo has become a rallying point for Solana believers.But there’s more to Solana’s branding than meets the eye. In fact, if Anatoly Yakovenko and his fellow co-founders had had their way, the Solana ecosystem would have had a completely different name. What inspired the sleek and simple logo, and why couldn’t Solana’s founders keep the name they originally chose?Why is Solana called Solana?Anatoly Yakovenko wrote the original…
BNB price began a downward correction in the $585 area. The price would need to remain above $570 for new increases to begin in the near future. BNB price began a new downtrend after failing to break the $585 resistance zone. The price is currently trading below $580 and the 100 simple moving average (4-hours). On the hourly chart of the BNB/USD pair, there is a major bullish trend line forming with support near $570 (data source from Binance). If it stays above the $570 support, the pair could start a fresh increase. BNB price maintains support After a significant…
UK police have reportedly arrested Jarett Dunn, known online as @STACCoverflow, for allegedly exploiting the Solana meme coin protocol Pump.fun. The arrest follows a more than 24-hour intelligence operation that tracked Dunn’s movements through social media and other public sources. London police arrested Pump.fun exploiter Jarett Dunn. The Pump.fun protocol exploited on May 16 previously used Dunn. After the attack, he publicly criticized the company on social media. Dunn expressed his intent to disrupt the platform and said he was not worried about going to jail. A private intelligence firm hired by third-party stakeholders tracked Dunn’s movements using his social…