With the highly anticipated Bitcoin halving event approaching, investors in the cryptocurrency space are eagerly awaiting the potential market growth that may follow. However, seasoned cryptocurrency expert Benjamin Cowen has issued a cautionary note, suggesting that Bitcoin’s price may experience a correction following the halving. Cowen has identified a trend that indicates a possible decline
Trading
Immutable, the blockchain gaming company, has recently unveiled an exciting development in the world of blockchain gaming. Their latest expansion pack, Dread Awakening, brings a whole new level of gameplay to their popular trading card game, Gods Unchained. What sets this expansion apart is the unique crossover with the highly anticipated blockchain game, Guild of
Renowned trading guru Peter Brandt has recently shifted his stance on Ethereum, offering intriguing insights into the market dynamics between Ethereum and Bitcoin. Despite his prior criticism of Ethereum as a “junk coin” and its supporters as “Etheridiots,” Brandt’s latest observation of a potential bear trap on the Ethereum-to-Bitcoin chart suggests a more cautious optimism.
Ethereum and its Layer 2 scaling solution, Polygon, have emerged as the top choices for new users in the first quarter of 2024. According to the latest report by Flipside, these two blockchain platforms have attracted a significant number of new users compared to other EVM chains since the beginning of the year. With Polygon
Cardano (ADA) has recently reached a significant milestone by processing 88.6 million transactions to date. This achievement is crucial as it showcases sustained network activity, which can have a positive impact on ADA’s price. Additionally, with 1,353 projects actively building on the network, the ecosystem is set to expand further as new users join through
Bitcoin, the pioneer cryptocurrency, started the year 2024 on a high note, surging by a staggering 73% in the first quarter to hit a new all-time high price of $73,750. Despite a subsequent correction from this peak due to volatile price movements, major BTC stakeholders have continued to show a consistent pattern of accumulation in
FTX creditors are expressing strong disapproval of the bankrupt crypto exchange’s decision to sell its Solana holdings at a significant discount to crypto venture firms. The offloading of 30 million SOL at a rate of $64 each to VC firms like Pantera Capital and Galaxy Trading represents a substantial 62% markdown from the current market
Cardano (ADA) has once again captured the attention of crypto analysts who are actively discussing its future trajectory. Recently, analyst Alan Santana has presented a bearish narrative for the crypto token, suggesting a potential drastic drop in its price. Santana’s analysis revolves around ADA’s breakout below the $0.58 price level, which had previously served as
Recently, there has been a significant increase in the number of short-term Bitcoin holders engaging in buying activities, with over 1.2 million BTC accumulated since December 2023. This surge in accumulation has caught the attention of market analysts, as it represents a departure from the traditional accumulation patterns seen in the cryptocurrency market. While whales
Binance’s NFT marketplace recently made a major decision that has sent shockwaves through the crypto community. The platform announced that it will no longer support Bitcoin Ordinal NFTs after April 18. This means that users will no longer have the option to buy, deposit, bid on, or list these unique digital assets on the platform.