TL;DR AKT is currently the best performing cryptocurrency among the top 100 cryptocurrencies by market capitalization, increasing its value by 54%. Algotech’s presales are approaching $4 million as more investors join the project. AKT leads the market Cryptocurrency markets are performing well following Friday’s Bitcoin halving. However, Akash Network’s AKT token is leading the way after showing excellent performance over the past few days. AKT is up 54% in the last 24 hours, outperforming other major cryptocurrencies by market capitalization. At press time, AKT is trading at $6.24, up 75% over the past seven days. Akash Network’s rally occurs after…
Author: Crypto Flexs
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The changes were approved in an injectable community on-chain vote. INJ -2.17% 3.0 Token economics system.The move, considered the biggest upgrade to Injective’s tokenomics system yet, reduces the issuance properties of tokens and sets new parameters to make INJ “one of the most deflationary assets in cryptocurrency,” according to an April 19 governance proposal. Add .INJ is the native token of Injective, a Cosmos-based layer 1 blockchain overseen by the non-profit Injective Foundation. This proposal would quadruple INJ’s deflation over the next two years.“This is the next step in Injective’s evolution. We’ve seen billions of dollars flowing in since day…
One closely watched analyst believes Bitcoin (BTC) will hit an all-time high in the next two weeks. pseudonymous analyst Bluntz told his 256,600 followers on social media platform X that Bitcoin is in the midst of a third wave surge. Bluntz utilizes Elliott Wave theory in his analysis. The theory is that assets tend to have five-wave rallies, with wave three being the longest and strongest. Blunts says: “We expect BTC to hit all-time highs in the next week or two. From a macro perspective, I think we are currently in wave 5 of 3 larger waves and have several…
Ethereum (ETH) is an indicator of the ebb and flow of the industry. As of press time, Ethereum is trading at $3,174 and the price is trying to reach the critical $3,000 mark. But beneath the surface of these seemingly stable waters lies a complex interplay of market forces and investor sentiment. Source: CoinMarketCap Aether’s challenging trajectory Since last week, the psychological threshold of $3,000 has been repeatedly violated in the sub-period, and enthusiasm surrounding the altcoin king has waned significantly. This downward pressure is further emphasized by the significant decline in open interest (OI) behind the ETH futures contract.…
Dogecoin (DOGE), ETFSwap (ETFS), and Ondo Finance (ONDO) have been touted as three tokens that could make cryptocurrency investors millions during this bull market. Dogecoin (DOGE) has a proven track record after creating many cryptocurrency millionaires during the last bull market. Meanwhile, as a relative newcomer, ETF Swap (ETFS) Ondo Finance (ONDO) has shown enough bullish momentum to convince investors that it is the future of the cryptocurrency market. Moreover, the infrastructure provided by the cryptocurrency industry is second to none. We expect to see more Dogecoin (DOGE) millionaires in this market cycle. more Dogecoin (DOGE) Millionaires are expected to…
According to reports, a new Ethereum (ETH) whale has been on the rise lately. The whale purchased $405 million worth of ETH since March 31 and is suspected to be Tron founder Justin Sun. Sun is also linked to another address that has made large ETH movements this year. Is Justin Sun the new whale on the horizon? Blockchain research platform Lookonchain revealed that a whale has sparked an Ethereum buying frenzy over the past few weeks. Newly created accounts began purchasing ETH on cryptocurrency exchanges on March 31st. According to the post, the mysterious wallet first withdrew $96.8 million…
Ethereum price is rising above the $3,120 resistance level. ETH may continue to rise as long as the daily closing price does not fall below the $3,030 level. Ethereum extended its gains above the $3,150 resistance zone. The price is trading above $3,150 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bullish trendline connected to support at $3,160. Unless bears push it below the $3,030 area, the pair may continue to rise. Ethereum price increase extended Ethereum price started a recovery wave and was able to clear the $3,000 resistance like…
Avalanche (AVAX) price has moved lower this month after testing the lower trendline of the rising channel for several weeks. However, investors appear to be focused on turning resistance back into support as they target profits rather than losses. green flag for avalanche Avalanche’s price points to growth potential due to the rise in conviction observed among AVAX holders. This is evident in the shift in supply from small and mid-cap holders to long-term holders who are known to maintain supply for at least a year. Over the past three weeks, AVAX holders have accumulated more than 4% of the…
Cryptocurrency trading software provider Talos, backed by big names such as Citibank and Andreessen Horowitz (a16z), has fully acquired cryptocurrency risk management platform Cloudwall.While the size of the deal was not disclosed, Talos said Cloudwall will enhance its existing cryptocurrency portfolio management system to help institutional clients manage risk and optimize their portfolios.“While Cloudwall’s focus is largely rooted in building the tools institutions need to manage their digital asset portfolios, Talos provides not only trading technology but also complementary elements of a PMS: portfolio engineering tools for portfolio construction and tools for P&L. “So this acquisition was a natural progression…
Ethereum saw a significant drop in open interest in April after the $3.7,000 rejection. On-chain indicators remain good, suggesting a possible upward trend. Ethereum (ETH) was trading at $3.2,000 at press time. The $4,000 psychological level has been violated several times in lower periods since April 13, and sentiment towards the altcoin king has weakened significantly. This is evident from the sharp decline in open interest behind ETH. Looking at the price trajectory over the past few weeks, a downward trend seems possible. However, there was also a possibility of a bull resurgence with $3,000 being defended on a higher…