Cryptocurrencies have had a tumultuous week, with most of them experiencing a downward trend. However, Stacks (STX) has defied this trend and registered significant gains. STX, the native token of the Stacks Network, has seen a remarkable 600% increase in value in 2023. This rise in value has brought Stacks into the spotlight and generated
Bitcoin
The Shibarium network, a Shiba Inu Layer 2 network built on Ethereum, has been experiencing significant growth in recent weeks. Despite some skepticism about its initial growth spurt, the network has proven to have more momentum than anticipated, reaching a major milestone. After its launch, the network saw a decline in usage, which persisted for
On-chain data reveals that XRP whales have been engaging in significant exchange inflows within the past 24 hours, signaling potential negativity for the asset’s price. Whale Alert, a cryptocurrency transaction tracking service, reported that the XRP network has seen four large-scale transactions during this timeframe, with each transfer valued at least $10.9 million. Considering the
Solana (SOL) has undeniably emerged as a standout performer in the recent cryptocurrency landscape, showcasing a remarkable surge in value that has captured the attention of market participants. Its extraordinary performance, marked by substantial gains, has propelled Solana beyond the ranks of other leading cryptocurrencies, securing a coveted position among the top five by market
Institutional investors have recently displayed an increased appetite for Bitcoin, driven by the anticipation of a potential approval of a Spot BTC ETF. K33 research analysts have provided valuable insight into this shift in investor sentiment, highlighting a key indicator that underscores institutional traders’ interest in Bitcoin. Furthermore, K33’s report sheds light on the future
The cryptocurrency market is constantly evolving, with investors closely following the latest trends and opportunities. One token that has recently caught the attention of traders is Woo Network (WOO). In this article, we will conduct a thorough analysis of Woo Network, exploring its recent performance, partnerships, and future prospects. The cryptocurrency market has experienced heightened
The Ethereum price is currently facing challenges as it tries to climb above the $2,200 and $2,250 levels. If the cryptocurrency fails to gain momentum and experiences a clear move below the $2,120 support, it could potentially enter a bearish phase. This article will analyze the current status of Ethereum and provide insights into possible
Aurory (AURY), a blockchain-based tactical Japanese role-playing game built on Solana (SOL), recently experienced a significant liquidity loss in its Camelot’s AURY-USDC pool. This loss was the result of a hack on the SyncSpace bridge, which allowed the unauthorized withdrawal and subsequent market sale of approximately 600,000 AURY tokens on the Arbitrum (ARB) network. In
Bitcoin, the leading cryptocurrency in terms of market capitalization, is experiencing a setback after a series of gains. This recent retracement could potentially push the price back down to the $30,000 range. As of now, Bitcoin is trading at $40,950, reflecting a 2% loss in the past 24 hours. On a weekly basis, the cryptocurrency
The cryptocurrency market has been experiencing a significant pullback after a month-long rally, but amidst this downturn, a few altcoins have managed to defy the bearish trend. Stacks (STX) is one such altcoin that has not only resisted the market’s downward pressure but also continued to show positive momentum. According to Coingecko, STX has witnessed
In recent years, Bitcoin has captured the attention of investors, traders, and enthusiasts around the world. The volatility and potential for significant gains in the cryptocurrency market have made it an attractive investment option. Chief analyst of Singaporean exchange Bitget, Ryan Lee, has offered his predictions for Bitcoin’s price in 2024. This article will analyze
VeChain (VET) has been a subject of discussion among crypto analysts lately, with predictions of a massive rally that could send its price soaring to $2.3. This article delves deep into the analysis conducted by popular crypto analyst EGRAG, who has outlined his bullish targets for the coming year. In this article, we will scrutinize
The recent performance of the Optimism price has been somewhat lackluster, as its bullish momentum seems to be losing steam. Although it managed to maintain a majority of its recent profits, the cryptocurrency is facing difficulties in sustaining its upward trajectory. However, an on-chain analysis reveals that there may be a significant obstacle standing in
Polygon (MATIC) has recently experienced a decline following Bitcoin’s pullback. However, according to a crypto analyst, this unexpected move may actually set MATIC up for a potential upward trend. In a video analysis shared on the Cheeky Crypto YouTube Channel, analyst JB suggests that MATIC’s decline to a specific retracement area could indicate a favorable
As the cryptocurrency market prepares for the year 2024, Stu Alderoty, the chief legal officer of Ripple, a blockchain payment company, has shared his projections on upcoming crypto regulations. These forecasts have the potential to impact investors’ confidence as they anticipate the start of a new bull cycle in the crypto market. In this article,
Bitcoin, the world’s largest cryptocurrency, has been on a remarkable bullish run in recent years, with its price doubling in 2023 alone. But according to Bitwise, a crypto index fund manager, this surge is far from over. In a recently released report, Bitwise predicts that Bitcoin will reach $80,000 in 2024, surpassing its current all-time
The price movement of OSMO, the native token of Osmosis, has been characterized by significant volatility throughout this year. However, recent developments suggest that OSMO is undergoing a strong recovery phase after months of a largely bearish trend. Traders have at their disposal a wide range of technical indicators that provide a complex yet informative
Arbitrum (ARB), a prominent Ethereum scaling solution, recently experienced a significant downtime event on December 15. This incident caused the network to become inaccessible for over 60 minutes due to sequencer and feed issues. The root cause of the problem was promptly investigated, and a fix was deployed. However, the downtime raised concerns among users
Cardano (ADA) has experienced a notable surge in its price, surpassing the crucial resistance level of $0.60. This positive price action has generated optimism among investors, as it suggests the potential for further gains in the foreseeable future. However, a careful evaluation of the factors influencing ADA’s price trajectory is essential in order to make
As the final months of the year approach, the anticipation surrounding the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has generated considerable excitement among analysts and traders. While many stake their hopes on these index funds to fuel a significant price surge for Bitcoin and the broader
Recent reports have confirmed that the United States Securities and Exchange Commission (SEC) has introduced a “new regulatory standard” for all applicants of Bitcoin Spot Exchange-Traded Funds (ETFs) while awaiting approval from the regulatory body. This latest development, dubbed the “Cash Redemption Model,” is seen as a significant shift in the SEC’s approach to approving
JPMorgan analysts have recently expressed a cautiously optimistic perspective on the cryptocurrency market, particularly when it comes to Ethereum (ETH). In fact, they believe that Ethereum has the potential to outperform Bitcoin (BTC) and other digital currencies in terms of market price performance by 2024. This unique viewpoint sets Ethereum apart within the institution and
Bitcoin experienced a sudden correction at the beginning of the week, causing some investors to panic sell and avoid further losses. However, after the initial selling frenzy subsided, the cryptocurrency has been gradually recovering. In light of this, a crypto analyst has made a prediction that Bitcoin may have more upside potential. Currently, the coveted
The recent bearish trend in the crypto market doesn’t seem to affect Shiba Inu (SHIB) as much, thanks to the increased adoption of the Shibarium Layer 2 network. In fact, it is the large holders of SHIB who are driving the bullish return. According to on-chain data tracker IntoTheBlock, the net flow of Shiba Inu
The crypto market has proven its resilience by outperforming traditional assets such as equities in recent weeks. This can be attributed to a significant repricing in monetary policy expectations and short futures liquidations. However, this outperformance faced limitations due to stronger-than-expected US jobs data, which dampened the recent rally. The reversal in US Treasury yields
Bitcoin’s price has once again experienced a significant drop, testing the $40,000 support zone. This downward trend highlights the market’s volatility and the potential challenges faced by cryptocurrency investors. While the price is currently on the rise, it must surpass the $42,350 mark to establish a more positive trajectory for Bitcoin. Bitcoin is currently attempting
According to recent data from AlphaScan, there has been a significant increase in social media activity surrounding Injective Protocol (INJ) on December 12. This surge in interest has propelled INJ to become the second-most mentioned token on social media platforms, second only to Bitcoin (BTC). The data reveals that nearly 30% of INJ’s weekly mentions