In the rapidly changing world of cryptocurrency, it is more important than ever for those interested in cryptocurrency investment to stay informed about market trends. Known for its lightning-fast transaction speeds and low fees, Solana (SOL) has been a top choice for cryptocurrency investors looking for the best cryptocurrency to invest in. However, recent developments have led to a 30% drop in weekly DApp trading volume. —Raised questions about the sustainability of the $180 price. Understanding these trends can help both new and seasoned investors make informed decisions about their portfolios.Solana Price Trend: Can the Upswing Be Controlled?During 2023, Solana…
Author: Crypto Flexs
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Venture capitalist Chris Burniske said cryptocurrency investors with long-term confidence should rush to enter the market during the correction. Burniske, a former analyst at Cathie Wood’s ARK Invest and now a partner at Placeholder, said Bitcoin (BTC) has likely already hit a bull market low, and given that “quality alternatives” have fallen significantly, there is no opportunity for cryptocurrency bulls. It says: There are a lot. “I love where the market is right now. BTC has already filled the liquidation wick and is down up to 15% from recent highs, making people with PTSD (post-traumatic stress disorder) fear a cliff.…
Key Takeaways HyperLiquid has launched staking for HYPE tokens, allowing holders to delegate their tokens to validators. HYPE’s market capitalization has reached $9 billion, surpassing tokens such as Uniswap and Litecoin. Share this article HyperLiquid has launched native staking for the HYPE token, allowing holders to delegate their tokens to 16 validators and earn rewards while protecting the network.At launch, the layer 1 perpetual futures DEX held over 300 million HYPE tokens worth $8.4 billion. “Staking is an important milestone for HyperLiquid as it allows the diverse community of HYPE stakers to collectively secure the network,” the HyperLiquid Foundation posted…
Ethereum had another strong performance this January, drawing massive liquidity from Bitcoin. With higher stakes than ever before, ETH is on track to outperform Bitcoin. As the new year begins, big changes are taking place in the cryptocurrency market. New capital is moving away from Bitcoin (BTC) as uncertainty grows following the recent crash. Investors are anxious, unsure of what will happen. Meanwhile, the ongoing macroeconomic turmoil, particularly concerns about a looming debt crisis in the United States, is raising concerns that the Bitcoin cycle will repeat itself in 2022. Meanwhile, Ethereum (ETH) is attracting great attention, capturing the attention…
Large Chainlink token holders have amassed more tokens worth $76.9 million to take advantage of the recent price slump to $21.50 as analysts predict a possible surge to $80 by May 2025. On-chain data shows that Chainlink whales purchased 3.58 LINK tokens worth $76.9 million as the broader markets fell due to the Fed-led rout. Large cryptocurrency holders identified as whales fell as markets fell following hawkish comments from Federal Reserve Chairman Jerome Powell hinting at slower interest rate cuts in 2025. Santiment, a blockchain analytics platform, attributes the whale activity to a three-day price correction. LINK value plummeted…
Continued adoption of stablecoins and cryptocurrency exchange-traded funds (ETFs) will drive digital asset performance in 2025, according to a December 26 Citi research report. Crypto ETF inflows, on-chain activity and stablecoin usage have all surged since President-elect Donald Trump won the U.S. presidential election last November, and these metrics continue to rise in the new year, Citi said.“In our view, adoption is the most important concept to track the long-term” performance of cryptocurrencies, according to the report. “ETF activity and broader trading volume are improving, and stablecoin market caps, considered a measure of flows into the cryptocurrency ecosystem, are rising…
Cardano price began a downward correction below the $1.00 area. ADA is consolidating and faces hurdles near the $0.920 and $0.950 levels. ADA price started to decline below the $1.00 support. The price is trading below $0.950 and the 100-hour simple moving average. On the hourly chart of the ADA/USD pair, there is a bearish trendline connected to resistance at $0.92 (data source from Kraken). Breaking out of the $0.950 resistance area, the pair could begin a further rise. Cardano price begins a new downward trend. After struggling to break the $1.00 resistance zone, Cardano began a new downtrend, similar…
Cryptocurrency market participants are overlooking payments-focused altcoins that have performed well over the past few months, a prominent analyst said. A cryptocurrency strategist known by the pseudonym Altcoin Sherpa told his 236,400 followers on social media platform X that XRP will hit an all-time high before the end of the market cycle. However, currently traders are using Fibonacci retracement levels to plot suitable support areas for XRP bulls. “XRP will continue to sleep unowned by cryptocurrency natives. I still think $2 is a reasonable buy and it will break the ATH (all-time high) by the end of the cycle.” Source:…
Bitcoin price failed to exceed $95,500 and fell again. BTC is back below $94,500 and may revisit the $91,200 support zone. Bitcoin began a new downtrend in the $96,500 range. The price is trading below $95,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a bearish trend line tying with resistance at $94,000. If it stays above the $92,500 support, it could start a further rise. Bitcoin price falls again Bitcoin price began a significant uptrend above the $93,500 resistance zone. BTC was able to break above the $94,200 and…
Key Takeaways: According to Fibonacci and Elliott Wave analysis, XRP could reach $15 by May 2025. XRP is in a correction phase and is likely to grow by 391% in the next phase.XRP shows signs of consolidation. MACD and RSI indicate possible future price movements.As the cryptocurrency market continues to show signs of volatility and growth, XRP has been in the spotlight with recent technical analysis predictions. Cryptocurrency analyst Egrag Crypto has made a bold prediction about XRP’s price movement in 2025, suggesting that the token could hit $15 by May 5, 2025.According to Egrag Crypto, the Fibonacci 1.618 level…