Crypto analyst and trader Tyler Durden has recently expressed his optimistic outlook on the future of Ethereum (ETH). In a post on X (formerly Twitter), Durden stated that Ethereum reaching $10,000 is the “most asymmetric bet” in the world of cryptocurrency. He believes that ETH’s rise to this significant price level is not only inevitable
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XRP recently experienced a slight decline after surpassing the $0.50 mark, but it managed to recover its weekly losses and emerge as the only top cryptocurrency in the green. The surge in open interest among traders suggests that there is growing anticipation for a price increase in XRP. This heightened trading activity could indicate bullish
Recently, ex-convict Martin Shkreli made headlines once again, but this time in the cryptocurrency world. After spending time in prison for financial-related frauds, he took to an X space to publicly announce his involvement in creating the new Donald Trump-themed token DJT. Questions about the token’s legitimacy and accusations of insider trading have been circulating,
The Bitcoin network has entered the NFT industry with a bang, making significant strides in terms of sales volume. According to data from NFT tracker CryptoSlam, Bitcoin-based NFTs have amassed an impressive $4.29 billion in total sales as of June 18. This places Bitcoin in third position, behind only Ethereum and Solana, which have sales
The recent outflows from crypto funds have raised concerns among investors and analysts alike. After five weeks of consecutive inflows totaling $4.35 billion, the sudden reversal to $600 million in outflows has caught many by surprise. The outflows were primarily concentrated in Bitcoin and Solana funds, signaling a shift in investor sentiment towards these assets.
Ethereum (ETH) has been projected by prominent crypto analyst Jelle to surge to $5,000 by the end of this year. This forecast is based on a technical perspective with Ethereum currently stabilizing above the $3,500 mark after a correction from its March high of over $4,000. Jelle’s insights indicate significant bullish potential for Ethereum, especially
Bitcoin experienced significant volatility on Monday, with a sharp decline to a new monthly low of $64,000. Altcoins followed suit, with many experiencing massive drops, leading to 190,000 traders facing losses in a single day. After a quiet weekend hovering around $66,000, Bitcoin started the day lackluster but later gained momentum, reaching a peak of
Recently, the Ethereum Foundation made a significant transaction involving millions of Ethereum (ETH) tokens. This move raised eyebrows within the crypto community, as transactions by this non-profit organization often have a notable impact on the price of the second-largest cryptocurrency. According to crypto journalist Colin Wu, a wallet associated with the Ethereum Foundation transferred a
Shiba Inu’s layer-2 scaling solution, Shibarium, has experienced a significant surge in one key indicator – the number of new accounts on the network exploded by over 860%. This surge, from just 16 to 154 within a day, indicates a rise in interest and potential growth for the protocol. The increase in new accounts could
Bitcoin has recently experienced a drop to a monthly low of $65,000 on June 14th, marking a 5% decrease from the previous week. Despite this short-term fluctuation, when observing the bigger picture, it is evident that Bitcoin has been consolidating within a narrow range since early March. Analysts have noted that such a period of