ENA formed a head and shoulders pattern on the price chart, highlighting increased selling activity. The upcoming ENA token unlocking is expected to amplify this pressure, potentially driving the asset value down even further. Over the past week, Ethena (ENA) has already lost 11.89% of its market value, with losses widening over the past 24 hours as the token fell another 2.01%. Given the current market structure and prevailing bearish trend, ENA is likely to face further downside as its price hits new lows. Head and Shoulders Pattern on ENA Chart On the 4-hour chart, ENA is seen forming a…
Author: Crypto Flexs
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In the cryptocurrency trading community, investors in Ripple ( Lexas Finance (RXS) It is attracting attention from institutional and individual investors as a next-generation tokenization company. XRP Gains Traction Amid Growing ETF Speculation. Although the market is still open and regulations may change in 2024, Ripple XRP continues to remain on investors’ changing radars. The digital currency is currently at $2.30 and has fluctuated for several days since its previous high of $2.90 in early December this year. This was the highest number of cryptocurrency transactions per unit since December 2013. Market observers attribute the rise to heightened expectations for…
Steno Research said in a research note that 2025 could be the best year for cryptocurrencies, with potential “surprising positive developments” for both Bitcoin (BTC) and Ethereum (ETH) hitting record highs. He said he expected it to happen.Steno Research predicts that spot prices for BTC and ETH will surpass $150,000 and $8,000, respectively. Analysts are “increasingly optimistic about the impending altcoin season,” according to a December research note. The report said the optimistic price outlook for BTC and ETH reflects “an unprecedentedly favorable regulatory environment for cryptocurrencies, a favorable macroeconomic environment characterized by falling interest rates and improving liquidity, and…
join us telegram A channel to stay up to date on breaking news coverage Kekius Maximus has been creating quite a buzz in the cryptocurrency industry after a recent incident that pushed the value of cryptocurrencies to new heights. The token, which was priced at $0.13 yesterday, has experienced a dramatic rise and is currently sitting at $0.30 after reaching highs of around $0.40. This impressive performance represents a three-fold increase in price, mainly due to external influences. One of the most notable catalysts for Kekius Maximus’ explosive surge was Elon Musk’s recent move to change the profile picture and…
Bitcoin (BTC) reached six figures for the first time on December 5, marking a significant milestone for the cryptocurrency market. One of the main reasons for the rise has been continued inflows into US Bitcoin exchange-traded funds (ETFs). Spot Bitcoin ETFs have $120 billion in assets under management, just shy of gold’s $125 billion, Bloomberg ETF analyst Eric Balchunas wrote in a post to X on December 17. He said it was “unrealistic” for a Bitcoin fund to compete with a gold fund within 11 months of launch.Daily view of cryptocurrency market data. source: Coin360Several analysts remain optimistic about Bitcoin’s…
The world is filled with excitement as we welcome the new year, and cryptocurrency investors have several reasons to rejoice. In addition to the highly anticipated Bitcoin-led bull market, meme coin enthusiasts iDEGEN’s It is scheduled to be listed on January 1, 2025. The success of this unique social experiment is rooted in its ability to harness the power of community and AI. As a result, there was a flood of investors willing to participate in the project before it was made public. In fact, the amount raised – over $11 million in just 5 weeks – says it all.…
The development cycle of Polkadot (DOT) was like a long and exciting fireworks display. Although full of danger, once it started it grew so large and ambitious that no one could take their eyes off it. Developing a “multi-chain” network that can bring multiple blockchains under one roof is not easy. As a result, Polkadot went through quite a few iterations before landing on the platform many people know today. Today I’d like to chronicle the history of Polkadot and the different stages it has gone through, including some of the biggest moments in its history, as well as the…
Centralized data networks owned and/or managed by a single entity have been structurally broken for many years. why? Single point of failure. If one entity (or a few) has access to a database, there is only one “point” at which they can compromise to gain full access. This is a serious problem for networks that hold sensitive data such as customer information, government files, and financial records, as well as networks that control infrastructure such as the power grid.Billions of digital records will be stolen in 2024 alone. It caused approximately $10 trillion in damage! Notable breaches include nearly all…
A prominent cryptocurrency analyst says meme asset Dogecoin (DOGE) could skyrocket by four digits on a percentage basis for one key reason. Cryptocurrency trader Ali Martinez tells his 106,500 followers on social media platform “If Dogecoin continues to follow the upward parallel channel pattern, it could rise another 6,770%!” Source: Ali Martinez/X The ascending parallel channel pattern is a bullish structure that indicates an asset is in an upward trend, with higher highs and higher lows. DOGE is trading at $0.31 at the time of this writing, up 251% in the last year. Next, the analyst said the (TD) sequential…
At press time, traders were overleveraged, with the bottom at $0.339 and the top at $0.361. XLM’s open interest (OI) has surged 18% in the last 24 hours. Stellar (XLM) seemed to be gaining the attention of traders and investors with its impressive performance over the past 24 hours. A potential reason for XLM’s strong performance today could be price action and trader support. At press time, XLM was trading near $0.355 after a price rally of more than 8.5% over the past 24 hours. The asset’s trading volume surged 55%, sparking interest among investors and traders. XLM Technical Analysis…