XRP, the native token of the Ripple network, has been a roller coaster ride for the cryptocurrency. After a year of significant price fluctuations and high-profile lawsuits, XRP is at a crossroads. Could technical indicators indicate a long-awaited uptick? Or is the recent decline a sign of potential pre-fall profit taking? Is XRP Ready for a Breakout? Technical analysts are closely watching the price movement of XRP. Cryptocurrencies appear to be on the verge of breaking out of their multi-year symmetrical triangle formation. Characterized by the convergence of price channels, this pattern often precedes significant price increases. If XRP can…
Author: Crypto Flexs
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Bitcoin (BTC) miners are investing billions of dollars in equipment and consuming energy at unprecedented rates to maximize profits ahead of the upcoming April halving event. According to Bloomberg, the resurgence in Bitcoin mining activity is primarily driven by the recovery of the cryptocurrency. The world’s largest digital asset by market capitalization recently hit an all-time high after losing 64% of its value in 2022 due to industry turmoil. This resurgence has been fueled by the introduction of spot Bitcoin exchange-traded funds (ETFs) and rising expectations of the halving, which occurs every four years and limits the supply of new…
Posted 1 minute ago In ~ MakerDAO implemented temporary changes to fees to strengthen its protocol as holdings of the dollar-pegged stablecoin dai decline due to a period of “increased volatility and bullish sentiment.” This proposal follows Dai supply plummeting from $5 billion to $4.4 billion last week. According to the proposal, a member of BA Labs: maker MSEK +16.29% Stability Advisory Committee. Dai remains overcollateralized, but some of that collateral is placed in real-world asset (RWA) vehicles, which could lead to a potential liquidity crisis if more Dai selling continues. “Liquid stablecoin reserves and reserves deployed in RWA are…
A closely watched cryptocurrency analyst is predicting when the ongoing digital asset bull market could end. Pseudonym: Cryptocurrency strategist Rekt Capital says 411,700 followers on social media platform “If history repeats itself, the next bull market could occur 518 to 546 days after the halving. “That will be mid-September or mid-October 2025.” Source: Rekt Capital/X merchant island warn Bitcoin is currently rallying ahead of the halving based on historical patterns, but the cryptocurrency king typically drops suddenly just before the halving, when miners’ rewards are cut in half. The next halving is expected around April 20th. “Bitcoin is clearly in…
Following significant market activity in Bitcoin this week, the bull market conversation is at an all-time high, with numerous predictions suggesting a significant increase in the price cycle for the leading cryptocurrency asset. There is evidence that call options with strike prices ranging from $80,000 to $100,000 are currently in the mix as speculators show strong optimism. Bitcoin Bull(…)
Bitget Lists Scallop (SCA) Today – Chainwire We use cookies to make your experience on Chainwire’s website better. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate purpose of storing preferences that have not been requested by…
friend, Now that the year is in full swing, we know many of you are starting to plan ahead for the changing weather, holiday celebrations, and (of course) Devcon! Today we are pleased to announce that Devcon4 will be held in Prague this year from October 30th to November 2nd. The first iteration of this conference was held in Berlin in 2014 as a classroom-sized gathering called Devcon0. There, the first vision of what Ethereum would become was presented to core developers and founding team members. Four years later, Devcon has become the most anticipated gathering for blockchain application and…
VeChain currently serves as a beacon of innovation in the thriving cryptocurrency world, captivating investors with its cutting-edge solutions. At the same time, XRP, powered by a network of strategic partnerships, is poised to break the $1 barrier, navigating regulatory challenges with resilience and determination. In this environment, BlockDAG has emerged as an innovative player redefining cryptocurrency mining with incredible pre-sale success and tantalizing potential for a 5,000x return on investment. With a user-friendly mining solution and a massive $2 million community giveaway, BlockDAG has established itself as a must-see cryptocurrency in 2024. VeChain’s resilience despite challenges Despite facing challenges,…
join us telegram A channel to stay up to date on breaking news coverage As 2024 approaches, investors are actively evaluating the best meme coins that could generate significant returns. Meme coins like Wall Street Memes, Meme Kombat, and Sponge are currently competing for the title of best meme coin of the year. Let’s take a look at why investors should consider exploring Sponge V2. For investors who missed Sponge V1’s impressive price surge of over 100%, V2 presents a profitable opportunity. Building on the success of V1, Meme Coin aims to surpass its predecessor. Plus, a strong social media…
bitcoin BTC -0.41% It finally broke its previous all-time high last week, hitting $69,000 before falling slightly. The price rise has led to a surge in transaction volume on the network, and miners are making money from the increased activity. The seven-day moving average of Bitcoin network trading volume has reached its highest level since September 2022, 18 months ago, according to data from The Block. This increased trading volume has led to an increase in Bitcoin miner profits. The 7-day moving average of miner revenue is currently at $65.4 million, just shy of the all-time high of $67.2 million…