Ethereum (ETH) price has struggled to find bullish momentum for several months, with the altcoin only up 1% in October compared to Bitcoin (BTC)’s 14% return. A lack of interest from retail and institutional investors is also weighing on ETH prices, with the ETH ETF seeing inflows of $4.4 million on October 30, compared to $893 million for the BTC ETF. This is a 0.49% market share compared to direct competitors. Comparison of spot Bitcoin and Ethereum ETF inflows. Source: X.com However, the altcoin’s bear days may be numbered as technical analysts point out that Ether’s final decline is complete…
Author: Crypto Flexs
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Hedera’s developers adopted Chainlink’s oracle technology. The best Chainlink data feeds are now live on Hedera’s testnet. HBAR & LINK prices reacted in opposite directions following the announcement. The Chainlink Scale program onboards developers on Hedera-based HBAR, opening the door to a set of Chainlink (LINK) data feeds and Chainlink’s highly secure Contractor Controlled Insurance Program (CCIP). What does Chainlink bring to HBAR? With extensive access to Chainlink’s oracle services, HBAR developers can immediately start feeding data from decentralized oracles on Hedera’s testnet. It potentially paves the way for feature-rich decentralized applications (dApps) on Hedera’s native platform, with a reputation…
join us telegram A channel to stay up to date on breaking news coverage First Neiro On Ethereum price is up over 9% over the past week, following a 2% increase. jump Over the last 24 hours it has been trading at $0.001712 as of 11:34 PM ET. NEIRO price also rose with meme coins The market capitalization of the entire sector fell by more than 2%. First Neiro on Ethereum price challenging $0.001765 resistance NEIRO/USDT 4-hour chart (Source: gecko terminal) First Neiro On Ethereum price is attempting to challenge the $0.001765 resistance level. If traders successfully push the price…
Iris Coleman October 31, 2024 13:42 Immutable (IMX) is transforming the Asian gaming market by leveraging blockchain technology, partnering with leading studios, and driving Web3 gaming innovation. Immutable (IMX) is leading the way in transforming the gaming landscape in Asia, leveraging blockchain technology to reshape the future of Web3 gaming. According to immutable.com, the platform has established partnerships with renowned game studios across the continent and currently has more than 400 games in development. Remarkably, half of these collaborations began in 2024 alone, highlighting Immutable’s influential role in the industry. Immutable’s role in the…
Macro expert Raoul Pal believes that if Solana (SOL) recovers key levels, it could be a sign that the broader cryptocurrency market has entered the most explosive phase of the cycle. Real Vision’s CEO told his million followers on social media platform “We are awaiting final confirmation from others as BTC price is well over $70,000. SOL is $185+.” Source: Raoul Pal/X Pal says a major cryptocurrency uptrend could begin soon, as SOL and other digital assets appear to be showing breakout patterns. “I hope we can break through all these levels and live our lives. I am not buying…
Tony Kim October 31, 2024 11:39 Flow Traders will join Wormhole’s network to power multi-chain swaps, providing improved liquidity and speed. The goal of this collaboration is to improve cross-chain transactions through a composable intent platform. Flow Traders, a prominent trading company, has entered into an official partnership with Wormhole’s network of solvers to improve its recently launched Composable Intents platform. According to Wormhole, this strategic move aims to improve the efficiency, liquidity and cost-effectiveness of multichain token swaps. Understanding composable intents The Composable Intent Platform represents a new approach to cross-chain transactions, enabling…
Chainlink appears to be closing in on the important $13.01 resistance within a symmetrical triangle. Rising technical indicators and open interest indicate a possible breakout if resistance is breached. Chainlink (LINK) It caught the attention of the cryptocurrency community after it started consolidating within a large symmetrical triangle pattern on the daily charts. This formation, often a sign of upcoming volatility, brings LINK closer to triangle resistance around $13.01. Violation of this critical level could unlock bullish momentum, fueling LINK’s next rally. At press time, LINK was trading at $12.00 following a daily gain of 4.55%. Therefore, a decisive breakout…
Chainlink appears to be closing in on the important $13.01 resistance within a symmetrical triangle. Rising technical indicators and open interest indicate a possible breakout if resistance is breached. Chainlink (LINK) It caught the attention of the cryptocurrency community after it started consolidating within a large symmetrical triangle pattern on the daily charts. This formation, often a sign of upcoming volatility, brings LINK closer to triangle resistance around $13.01. Violation of this critical level could unlock bullish momentum, fueling LINK’s next rally. At press time, LINK was trading at $12.00 following a daily gain of 4.55%. Therefore, a decisive breakout…
Bitcoin should avoid “regional highs” as institutions flock to U.S. spot Bitcoin exchange-traded funds (ETFs).In a thread about X on October 30, analyst Mark Cullen warned of potential “ETF FOMO.”Bitcoin ETF Inflows Receive Mixed ReactionsInstitutional investors are pouring hundreds of millions of dollars of net inflows into US spot Bitcoin (BTC) ETFs every day.The latest data, from sources including UK-based investment firm Farside Investors, tallied nearly $900 million as of October 30 alone. This is the second largest amount ever.US spot Bitcoin ETF Netflow (screenshot). Source: Farside InvestorsBut for those who have been in the market for a long time,…
Cryptocurrency investors have seen a significant increase in Korea, along with the profitability of the country’s digital asset exchanges.The number of domestic cryptocurrency investors in the first half of 2024 was 7.78 million, an increase of more than 21% compared to 645 million in the second half of 2023.As the number of investors increases, the cumulative operating profit of the top 21 domestic centralized exchanges (CEXs) exceeds KRW 5.9 trillion (USD 4.2 billion), an increase of more than 106% year-on-year (YoY). The contents of the National Financial Services Commission were shared in local media reports.Rising retail investors are a bullish…