Cardano (ADA) is currently facing a critical resistance level at $0.33, indicating a period of fear and uncertainty in the market. However, there is growing optimism among some investors who view this as a buying opportunity. On-chain data from IntoTheBlock reveals that buy orders for ADA tokens outweigh sell orders by a significant margin, suggesting
Selling
Recent developments in the crypto market have shown that Ethereum has entered oversold territory, signaling a potential bullish trend for the second-largest cryptocurrency by market capitalization. Analysts have suggested that Ethereum is prime for a price rally that could send it soaring as high as $6,000. According to various crypto analysts like Titan of Crypto,
Cardano recently underwent the highly anticipated Chang upgrade on its Layer-1 blockchain. This update brought significant changes to the platform, including on-chain voting, Delegate Representatives, improved smart contract capabilities, and a new governance structure with cost model enhancements. Despite these advancements, Cardano (ADA) has seen a decrease in price, triggering concerns among investors. At the
The Ethereum market is experiencing a shift in dynamics, with rising exchange reserves indicating a potential new distribution phase. The CryptoQuant’s Ethereum Exchange Reserve metric has been on the rise, tracking the amount of ETH held in exchange wallets. This uptick in the metric suggests that traders are transferring their ETH to exchanges in preparation
In recent times, the cryptocurrency market has experienced a lackluster performance, with a noticeable decline in whale activity across major digital assets. Santiment’s latest analysis reveals that both Bitcoin and Ethereum have witnessed a significant drop in transactions exceeding $100k. During the active period of March 13-19, Bitcoin recorded 115.1k transactions valued at over $100k
Cardano (ADA) has been facing significant challenges in terms of price growth over the past few years, despite being a well-known altcoin in the cryptocurrency space. These struggles have left many wondering why Cardano has not been able to keep up with other major cryptocurrencies in terms of price appreciation. Insights into Cardano’s Potential Crypto
Many cryptocurrency traders are constantly on the lookout for the perfect time to buy Bitcoin, hoping to time the market bottom for maximum profit. In the pursuit of this goal, various indicators are used by crypto analysts to predict the best entry point for purchasing this leading cryptocurrency. One crypto analyst, R.N. Elliot, has recently
When it comes to the world of cryptocurrency, one of the important aspects to consider is the age requirements for buying and selling digital assets. Knowing the minimum age needed to purchase cryptocurrencies legally in 2024 is crucial for compliance with regulations and making informed decisions within the crypto market. In 2024, the typical minimum
In a surprising turn of events, Bitcoin crashed below $50,000 on August 5th, causing a ripple effect that led to a market-wide downturn. This unexpected plunge, which affected other cryptocurrencies as well, caught many investors off guard. Following the crash, Bitcoin managed to bounce back by 20%, but short-term holders are still facing losses. Glassnode’s
Recent metrics indicate that Ethereum (ETH) has weathered the storm and is on the path to success. The market value to realized value (MVRV) lowest pricing level for ETH is at $1,687, signaling that the crypto has hit its bottom and is now poised for a new all-time high (ATH). This is a positive sign