A cryptocurrency analyst on the More Crypto Online YouTube channel said Cardano is stuck in a trading range and could continue to move sideways. In a video from December 26, the analyst predicted that the Cardano (ADA) token will likely continue trading sideways in the near term, but could be ready for a bigger price move. “ADA continues to be in this sideways range and has not broken structure,” the analyst said, referring to the trading range in which ADA has remained below $0.65 for the past few weeks. The analyst believes that ADA is forming an Elliott Wave triangle…
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In the rapidly challenging and dynamic world of cryptocurrency, Ethereum (ETH) The second cryptocurrency leader after Bitcoin (BTC) is likely to surpass its previous all-time high by 2024, according to analysts. Will Ethereum Produce Millionaires in 2024? Cryptocurrency analyst Lark Davis recently said: shared He revealed his optimism about the future of Ethereum and his asset price predictions. According to Davis, the price of Ethereum will experience a significant rise, pushing the price up to $10,000 or $15,000. Davis points out that ETH could rise to these levels and generate significant returns, but emphasizes that holding ETH alone is not…
The Harmony blockchain fell victim to one of the most infamous hacks in decentralized finance (DeFi) history, and the aftermath of the attack in 2022 saw the price of ONE fall massively, losing more than 98% of its all-time high value. However, a year later, the cryptocurrency appears to be making a comeback as investors and traders are bullish once again. Crypto analyst predicts good results for one token Crypto analyst Alan Santana shared his analysis of the ONE token, the native cryptocurrency on the Harmony blockchain. In this analysis, which focuses on one of the forgotten giants of the…
U.S. regulators will consider whether to adopt new rules that could encompass cryptocurrencies, as experts say more enforcement action is imminent. The Commodity Futures Trading Commission and the Securities and Exchange Commission (SEC) are seeking to control the industry, starting with the indictment of some large cryptocurrency exchanges such as Binance, Kraken, and Coinbase. We had a busy year, including considering regulations. The SEC has not proposed any cryptocurrency-focused rules, but is considering two rules that could be adopted in the new year. Meanwhile, the CFTC just voted In December, it proposed rules to strengthen customer protections following the collapse…
As major memecoins grow this month, the mysterious Shiba Inu (SHIB) whale is suddenly moving trillions of dollars in SHIB. New data from whale research platform Whale Alert Open to the public A deep-pocketed cryptocurrency investor suddenly transferred 4,254,147,213,294 SHIB, worth approximately $46.46 million at the time of the transaction, from an unknown wallet to another unknown wallet. Massive SHIB transfers have occurred over the past 24 hours as the burn rate of dog-themed memecoins has skyrocketed. According to data from Shiba Inu token tracker Shibburn, the protocol’s burn rate has increased by 2,183% over the past day. Shibburn also…
ETH market cap currently at $269 billion. Chart: TradingView.com These trades, along with Sun’s active trading of meme coins and announcement of promising projects in May, have fueled speculation that his investment strategy will shift towards more volatile, meme-centric assets. The recent Ethereum withdrawal adds another layer to this interesting puzzle. Is Sun entering the market strategically? Adjusting your personal portfolio? Could this be a sign of a broader shift in investment strategies towards riskier assets? Source: TradingView Without an official explanation from the infamously enigmatic Sun, the cryptocurrency community is left to piece together clues. Some speculate that Justin…
The long wait for repayment means Mt. It has been a source of frustration for Gox creditors, and the delay has led to speculation about its potential impact on cryptocurrency markets. After a decade of uncertainty and numerous delays, creditors of now-defunct cryptocurrency exchange Mt. Gox have finally started receiving compensation for blocked Bitcoin deposits. As reported by users on various social media platforms, Mt. The process, initiated by the trustee overseeing Gox’s estate, began with the repayment being sent in Japanese yen via PayPal. Mt. Delay in compensation to Gox creditors According to reports on Reddit page r/mtgoxinsolvency and…
join us telegram A channel to stay up to date on breaking news coverage Green Bitcoin (GBTC) It is undoubtedly a token worth keeping a close eye on. Investors are eagerly lining up to participate in the GBTC token presale, and there are numerous reasons why this project is generating such enthusiasm. One of the key factors that attracts attention to this project is its minimal energy consumption, a distinguishing feature in the cryptocurrency landscape. In addition to its eco-friendly nature, GBTC offers a variety of rewards, which we will go into more detail shortly. Additionally, we will explore the…
This year hasn’t been great for NFT sales or rock bottom prices for the most popular collections. According to The Block’s data dashboard, the floor price of Yuga Labs’ NFT collection, Bored Ape Yacht Club, and CryptoPunks, originally created by Larva Labs, fell 57.6% and 13.8%, respectively, from January 1 to November 28, 2023. However, Bored Apes and CryptoPunks accounted for most of the most expensive NFTs sold in 2023. In fact, four were from the Bored Ape collection, another four were from CryptoPunks, and one Art Block Fidenza and a Mutant Ape NFT were also included. . Take a…
reporter Posted on: December 27, 2023 Among all DeFi protocols, MakerDAO generated the most revenue in 2023. This comes after TVL declined significantly and the DAI stablecoin briefly lost its peg. MakerDao (MKR) has emerged as the highest-grossing decentralized finance (DeFi) protocol of 2023. Dipilama showed it Source: DefiLlama This surprising turnaround was fueled by the following factors: Increase The protocol’s DAI stablecoin supply and integration of real assets and U.S. Treasury bills (T-bills) provide returns as interest rates rise. Maker has surpassed Lido in terms of revenue so far this year, despite being second only to Lido Finance (LDO)…