Long-term holders seem reluctant to engage in large sales at the current ETH price, despite having already achieved significant profit margins. Ethereum (ETH), the world’s second-largest cryptocurrency, is facing continued selling pressure as its price remains just above the $3,000 support line. Compared to Bitcoin, Ethereum once again “underperformed” as new ETH holders faced the risk of losing money. Glassnode, a cryptocurrency analytics platform, recently revealed how ETH speculators are keeping the altcoin price close to $3,000. Bitcoin and Ethereum prices fell significantly in April, witnessing the largest monthly retracement since the FTX collapse in April 2022. Glassnode added: “However,…
Author: Crypto Flexs
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Last week, volatility in the cryptocurrency market resulted in massive losses of up to $100 billion. This decline is reflected in the global cryptocurrency market capitalization, which has fallen 4% to $2.36 trillion at the time of this writing. Here are the best cryptocurrencies to watch over the next few days. Ethereum falls below $3,000 The value of Ethereum (ETH), the second largest cryptocurrency, has fallen below $3,000. ETH, BOME and HNT prices – May 12 | Source: Santiment Ethereum attempted a last-minute rally later in the week, but continued bearish pressure throughout the week faltered the strategy. Like last…
The once booming cryptocurrency Ripple (XRP) is in a precarious position. In the past month, the value of XRP has fallen significantly, leaving investors and analysts in a state of flux. While some are concerned about a continued decline, others see a potential recovery, with technical indicators hinting at a possible reversal. However, the path ahead for XRP is still shrouded in uncertainty, with the ongoing legal battle with the SEC and broader market sentiment playing a role. Related Reading stagnation and waning enthusiasm The past few weeks have been difficult for XRP holders. The cryptocurrency, which once held the…
Blockchain technology has expanded beyond cryptocurrency and is now being used in a variety of applications, including decentralized databases that can prevent counterfeiting through transparency and security. These data security features are especially important for the healthcare sector, where blockchain technology helps protect data, improve data integrity, and give patients more control over their data. It also improves transparency in the supply chain and ensures the authenticity of medicines. Blockchain also has the potential to enhance biomedical research by aiding in medical identification and simplifying data storage and exchange.Blockchain in healthcare: Germany’s untapped potential?Blockchain technology offers numerous benefits, but its…
Ethereum has been preparing for what it believes to be the most exciting digital alliance between IBM and Microsoft since their successful partnership on the IBM PC. We know you are expecting great things from Ethereum, and we are excited to bring you this exciting and unexpected news. As you know, Ethereum mining is best done on a graphics card. However, purchasing expensive graphics cards on an industrial scale for mining reproduces the centralized mining cartels that dominate much of the Bitcoin environment. We want to be more decentralized than that, and after much thought and quiet discussion, we would…
Bitcoin (BTC) has been unable to sustain its rally this week, indicating that the bears have not given up and are using the bulls to sell. Bitcoin looks set to end the week with a loss of more than 4%. The longer the price stays at $60,000, the more likely a bearish breakdown becomes.However, analysts remain optimistic about price movements after the halving. Bitcoin could soar to “between $175,000 and $350,000 in the next nine months,” according to Cane Island Alternative Advisors founder and investment manager Timothy Peterson. “This bull market will end in January 2025,” Peterson warned in his…
Cryptocurrency markets have experienced volatility, which has led investors to question the sustainability of the current bull market. Some cryptocurrencies bucked the trend with impressive gains, while others suffered significant losses. Despite the short-term turmoil, analysts remain optimistic about the long-term potential of cryptocurrencies. Cryptocurrency markets have navigated choppy waters this week, leaving many investors wondering if the recent surge is nearing its peak. While some coins have weathered the storm, others have fallen significantly.TON gains 20%, Dogecoin leads top 10 losers.Despite the overall economic downturn, some bright spots have emerged. Telegram’s native token, TON, defied the bearish trend and…
There are mixed signs of upside potential in the market, with pioneering cryptocurrency Bitcoin struggling to rise above $63,000, while lesser-known cryptocurrencies are outperforming established coins. As the 2024 bull market takes shape, some of the best cryptocurrencies for astronomical growth include KangaMoon (KANG), TRON (TRX), and Polkadot (DOT). With current momentum, experts are hinting at a 50x return for this altcoin. TRON dominates and secures the #1 spot in $USDT market capitalization. With renewed interest in DeFi tokens and decentralized platforms in the cryptocurrency market, TRON is emerging as an attractive option for traders and investors alike. The TRON…
George Town, Cayman Islands, May 8, 2024, Chainwire AIGOLD is pleased to announce the launch of an innovative cryptocurrency project. This groundbreaking initiative aims to redefine the digital asset landscape by integrating artificial intelligence and the enduring value of gold. AIGOLD’s pre-sale phase is currently underway and early access is available at aigold.io. AIGOLD: Pioneering Gold Integration of Cryptocurrencies with Enhanced Security and Market Stability AIGOLD aims to drive the integration of gold into the cryptocurrency sector, improving security and stability for those engaged in trading. The platform design includes using a portion of the AIG (AIGOLD) token pre-sale proceeds…
The following is an excerpt from the latest edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be the first to get these insights and other on-chain Bitcoin market analysis delivered to your inbox, Subscribe now. Modern Monetary Theory (MMT) is receiving attention again with a new movie. find money And a recent clip that went viral on Bitcoin Twitter and Fintwit. In the video, Jared Bernstein, Chairman of the President’s Council of Economic Advisers, is shown failing to explain the most basic concepts about government debt and money printing. He claims MMT is accurate, but some of…