Ethereum, despite its immense popularity, is currently facing a bearish trend, causing concern among investors. The price drop has led to speculations that Ethereum could dip below $2,000 once again. However, there is a glimmer of hope in the form of a bullish pattern emerging on the Ethereum price chart. A falling wedge pattern has
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Ever since the Merge two years ago, Ethereum has been experiencing a decline in performance compared to Bitcoin. What was once considered ultra-sound money, ether (ETH) is now on the brink of falling into undervalued territory. The reasons behind Ethereum’s underperformance since the Merge have been identified by blockchain analytics platform CryptoQuant. Issues such as
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
Ethereum (ETH) is currently facing a significant challenge with regards to its on-chain activity. One of the key factors affecting ETH performance is the declining total transaction fees on the Ethereum network. This decline can be mainly attributed to lower fees following the Dencun upgrade. Additionally, the relative transaction count on the network has also
Trading bots have become a popular tool in the world of financial markets due to their ability to automate trading processes and make quick decisions based on market data. These bots work based on pre-set rules and algorithms, allowing them to operate without human intervention. This can be beneficial for traders who struggle to keep
The recent decrease in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has raised eyebrows in the crypto market. This drop, which has brought the metric to its lowest level since October 2023, correlates with the ongoing downward trend in the value of bitcoin (BTC) and other cryptocurrencies. Analyst EgyHash from CryptoQuant believes
Toncoin (TON) witnessed a significant decline from its peak in June, currently trading at a 40% lower value. The once-promising asset saw a sharp drop after reaching an all-time high of nearly $8.20 earlier in the year. Unfortunately, this momentum was short-lived, and the price has since plummeted to around $4.80, leaving many investors at
In a recent video analysis, crypto analyst Dan Gambardello explored the potential future of the Cardano (ADA) price in light of the looming possibility of a US recession. With a substantial following of 369,000 on YouTube, Gambardello highlighted the apprehension among ADA holders and crypto investors due to the current economic discourse surrounding a recession.
Samuel Edyme, known by his nickname HIM-buktu, is a web3 content writer, journalist, and aspiring trader. His journey into the world of cryptocurrency was not your typical success story, but rather a tale of resilience and determination. Starting off with a scam that roped him in, Edyme did not let this setback define him. Instead,
Robinhood’s cryptocurrency division recently settled a California investigation by agreeing to pay a $3.9 million fine. The investigation, led by California Attorney General Rob Bonta, revealed that Robinhood Crypto prevented users from withdrawing their digital assets between 2018 and 2022. Additionally, the company failed to fully disclose details about its trading and order-handling processes, misleading