While Cardano (ADA) may currently be experiencing a lackluster price action, analyst Ali Martinez suggests that the cryptocurrency could be gearing up for a parabolic run. Martinez’s analysis is based on the historical trend of ADA’s price formation. The cryptocurrency saw a correction path starting from mid-March, when it reached a peak of $0.79. Since
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Recently, Bitcoin has displayed remarkable resilience by bouncing back above the $60,000 mark, following a significant dip below $57,000. Renowned analyst and market expert Peter Brandt has expressed his confidence in Bitcoin’s ability to reach a six-figure value by 2025. In a blog post marking his 50th year in future markets trading, Brandt emphasized his
The crypto research platform 10x Research recently highlighted the fact that the Bitcoin Relative Strength has surged to 40%. According to their findings, whenever the relative strength index (RSI) of Bitcoin drops to 40%, the flagship cryptocurrency has historically seen potential rallies. This suggests that Bitcoin could be on the verge of another rally following
The recent surge in Bitcoin price above $62,000 has led to a shift in investors’ position and sentiment, according to on-chain analytics site Santiment. Traders on the Binance platform are reportedly moving from liquidated shorts to long positions after the price increase. While this change may signify renewed optimism in the premier cryptocurrency, Santiment has
Bitcoin’s recent price fluctuations have been nothing short of dramatic, with prices swinging wildly from a high of almost $65,000 to a low of $56,500 within a matter of days. This volatility was fueled by a mix of market speculation and external factors, such as the US Federal Reserve’s decision on interest rates. While Bitcoin
The recent dip in the price of Bitcoin below the $59,000 support level has sent shockwaves through the cryptocurrency market. Analysts are sounding alarms about the potential for a more significant decline in the absence of a pronounced market capitulation. CryptoQuant, a cryptocurrency analysis platform, reported approximately $120 million in liquidated long positions, indicating a
The recent slump in Bitcoin post-Halving has had an impact on Solana meme coin traders, leaving many feeling blue. However, in a surprising turn of events, a new depressed rodent token named Sad Hamster has seen its price, denoted as HAMMY, explode overnight. The Sad Hamster meme has gained significant traction in the Solana meme
Eigenlayer, the leading project in Ethereum Restaking, is gearing up to launch its airdrop for collection on May 10th. BingX Exchange, a well-known crypto exchange, will be listing Eigenlayer’s token $EIGEN for trading immediately after the airdrop. The Significance of Eigenlayer in 2024 Eigenlayer has emerged as the most substantial Restaking project on Ethereum in
Rep. Maxine Waters has put forth the suggestion that Ms. Kristin Johnson, who currently serves as a Commissioner of the US Commodity Futures Trading Commission (CFTC), be nominated for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. Waters highlighted Johnson’s expertise in financial regulation and her dedication to maintaining
Crypto prediction website Telegaon has recently made a bold prediction regarding the future price of Cardano (ADA). According to their analysis, Cardano is expected to reach an impressive $45 by the year 2050. This prediction represents a substantial 8,900% price gain from its current level, which is sure to attract the attention of ADA holders