Shibarium, Shiba Inu’s layer-2 blockchain solution, has recently reached a significant milestone by processing over 6 million blocks. This achievement comes less than a year after its official launch, indicating a rapid growth in activity on the network. The resurgence in Shibarium’s metrics is evident with the spike in active accounts from 253 to 417
Technical Analysis
Crypto analyst RLinda recently made a compelling case for Bitcoin, suggesting that the leading cryptocurrency could soon reach a new all-time high of $90,000. In her analysis, RLinda highlighted both fundamental and technical factors that point towards further price growth for Bitcoin. On the fundamental side, she pointed out that the market is eagerly anticipating
The recent news of the Spot Ethereum ETFs set to launch has sparked a surge in Ethereum’s price. Bloomberg analyst Eric Balchunas revealed that these ETFs could begin trading by July 23, leading to positive speculation and anticipation in the market. Expected Inflows and Predictions Crypto research firm K33 predicts that the Spot Ethereum ETFs
The recent surge in XRP price has caught the attention of many in the cryptocurrency sector. With the global market capitalization of cryptocurrencies exceeding $2.4 trillion, XRP has stood out as one of the best performers. It recorded a 27% price increase over the past week, surpassing other major digital assets like Bitcoin, Ethereum, and
The recent price movement of Bitcoin has shown signs of recovery, as the premier cryptocurrency climbed above $58,000 over the past week. A notable crypto analyst, Ali Martinez, has pointed out an interesting chart formation that indicates a potential continuation of this resurgence. According to Martinez’s analysis on the X platform, Bitcoin seems to be
In the wake of a challenging week marked by negative news such as Mt. Gox’s update and the German government’s Bitcoin dump, the crypto market finally saw a brief relief. Chainlink (LINK) managed to gain over 4% within 24 hours, despite facing increased bearish pressure. Interestingly, whales in the market have been actively accumulating LINK,
Cardano (ADA) has witnessed a significant 3.4% price increase in the past 24 hours, marking a notable rally in its value. This uptrend comes amidst a broader recovery in the cryptocurrency market, with both Bitcoin and Ethereum also showing slight gains of 2.5% and 2.2%, respectively. Technical analysis on TradingView suggests that Cardano might be
The cryptocurrency market has been experiencing a significant downturn, with Ethereum (ETH) being one of the casualties. In the past week, ETH has seen a 9% decline, dropping to $3,130. Market observers are now closely monitoring key levels that need to hold to avoid further losses and increased liquidation rates. Analysts, like “Inspo Crypto,” are
The price of Ethereum (ETH) is currently facing a significant downturn, with the price rapidly approaching the crucial support level of $3,051. This sharp decline has brought about increased selling pressure and a growing bearish sentiment in the market. Traders are now closely monitoring Ethereum’s behavior to determine whether it will stabilize or experience a
Bitcoin’s price has experienced a 15% decrease since reaching an all-time high of over $73,500 in mid-March. Despite this decline, various indicators suggest that a new bull run may be on the horizon. The Fear and Greed Index, a measure of investor sentiment ranging from 0 to 100, recently entered “fear” and neutral territory for