Friend.tech recently made a bold decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move had immediate repercussions on the platform’s ecosystem, particularly on the value of the FRIEND token. Although the decision sparked some market reactions, it only scratches the surface of the deeper issues plaguing the
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The world of cryptocurrency is a volatile and constantly evolving one, with Bitcoin being at the forefront of it all. Recently, crypto analyst Daan Crypto has shed light on a Bitcoin Rainbow Chart that provides valuable insights into the current price action of the leading cryptocurrency. Bitcoin has been struggling to maintain its position above
Ethereum, despite its immense popularity, is currently facing a bearish trend, causing concern among investors. The price drop has led to speculations that Ethereum could dip below $2,000 once again. However, there is a glimmer of hope in the form of a bullish pattern emerging on the Ethereum price chart. A falling wedge pattern has
Ethereum (ETH) is currently facing a significant challenge with regards to its on-chain activity. One of the key factors affecting ETH performance is the declining total transaction fees on the Ethereum network. This decline can be mainly attributed to lower fees following the Dencun upgrade. Additionally, the relative transaction count on the network has also
The recent decrease in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has raised eyebrows in the crypto market. This drop, which has brought the metric to its lowest level since October 2023, correlates with the ongoing downward trend in the value of bitcoin (BTC) and other cryptocurrencies. Analyst EgyHash from CryptoQuant believes
The latest US jobs report released on Friday fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000 or more. This news caused a stir in the financial markets, particularly in the cryptocurrency space, with Bitcoin seeing a surge towards $57,000 in response. The jobs report is crucial
Toncoin (TON) witnessed a significant decline from its peak in June, currently trading at a 40% lower value. The once-promising asset saw a sharp drop after reaching an all-time high of nearly $8.20 earlier in the year. Unfortunately, this momentum was short-lived, and the price has since plummeted to around $4.80, leaving many investors at
In a recent video analysis, crypto analyst Dan Gambardello explored the potential future of the Cardano (ADA) price in light of the looming possibility of a US recession. With a substantial following of 369,000 on YouTube, Gambardello highlighted the apprehension among ADA holders and crypto investors due to the current economic discourse surrounding a recession.
The co-founder of BitMEX, Arthur Hayes, recently shared a pessimistic prediction for the immediate future of the Bitcoin price. He hinted at a potential drop below $50,000, indicating that he had taken a short position in the market. This forecast has raised concerns among investors and traders, as Hayes is known for his accurate market
One of the major narratives that have been dominating the crypto market in 2021 is the influence of crypto whales – large holders of bitcoin and other popular cryptocurrencies. These whales have the power to significantly impact prices and market sentiment. The fear of market manipulation by whales has been a cause of concern for