Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, with a staggering 300% increase in capital coming from institutional investors. This unexpected influx of funds has sparked optimism among market participants, potentially setting the stage for a bullish trend as the Chang hard fork approaches. According to a report from
Promising
The spot Ethereum ETFs were given the green light by the SEC a few months ago, and they officially launched last Tuesday. However, the initial results have been quite underwhelming, especially when compared to the launch of spot Bitcoin ETFs earlier this year. While the spot Ethereum ETFs saw a solid first day with over
A recent prediction by a crypto analyst suggests that Bitcoin (BTC) could potentially reach an unprecedented high of $263,000. This forecast is based on the observation of a technical pattern called the “Cup with Handle chart pattern.” According to the analyst, for Bitcoin to achieve this bullish surge, it will need to break above the
Recently, a report from CoinShares revealed an interesting trend in the cryptocurrency market. Ethereum (ETH) witnessed a surge in inflows, outpacing Solana (SOL) for the year 2024. This surge came in anticipation of the launch of exchange-traded funds (ETFs) that would allow regulated investment in Ethereum in the US, the second-largest cryptocurrency by market capitalization.
Cryptocurrency has been a hot topic in the investment world, with Bitcoin being at the forefront of this digital currency revolution. As the value of Bitcoin continues to fluctuate, investors are looking for new ways to profit from its price movements. In a groundbreaking move, Hong Kong will be launching Asia’s first Bitcoin futures inverse
In the last decade, Ethereum has shown remarkable growth and development within the blockchain industry. It has come a long way from its humble beginnings with its initial coin offering (ICO) back in 2014 to becoming the second-largest cryptocurrency by market cap. Ethereum has continuously adapted and upgraded its technology, transitioning to Proof-of-Stake (PoS) and
In recent news, a market strategist has made a bold declaration regarding Bitcoin (BTC), stating that the world’s largest cryptocurrency has finally concluded its downtrend. The strategist believes that Bitcoin may be on its way to achieving a new price target, driven by a positive shift in its market value. This news comes as a
Ethereum showed a promising recovery this week, with a 12% price increase. The market rally allowed ETH to establish $3,300 as a key support level, setting a new base for further growth. The next target for buyers is $4,000, which also serves as a key resistance level. Optimism is returning to the market, with potential
Planetarium Labs is set to launch Immortal Rising 2, the much-anticipated follow-up to the popular Immortal Rising franchise. This new game will be built on the Immutable platform, offering early access and exclusive in-game rewards to attract players as excitement builds for the official launch. Immortal Rising 2 aims to build on the success of
Shiba Inu, a popular meme coin, recently experienced a significant increase in its burn rate, with tokens being sent to a null address resulting in a 450% surge. While the USD equivalent may seem insignificant at first glance, the continuous efforts in this area could potentially have a positive impact on the price of SHIB.