In Brief The DYDX token is an integral part of the dYdX Chain – the PoS blockchain built on the Cosmos SDK and using CometBFT. The transition of DYDX token from Ethereum to the dYdX Chain significantly boosted its features and overall value. Unlike ethDYDX, DYDX allows its holders to gain enhanced roles in governance,…
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In Brief Solana’s price faces a corrective phase, testing key support levels around $125 and $143. A potential rebound could lead to retesting the 50-day EMA at $155, while breaching $143 might target $125. Bearish signals include a death cross on the 4-hour chart and a 45% decline in the past six weeks. The Solana (SOL) price…
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In Brief Shiba Inu (SHIB) bounces off golden ratio support, triggering a bullish surge. Factors like market sentiment and resistance levels will determine SHIB’s uptrend. Despite recent gains, SHIB faces resistance levels and a potential short-term downturn. After reaching the golden ratio support, Shiba Inu (SHIB) experienced a bullish bounce. How far the price might…
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In Brief Solana’s price is currently moving in an ascending triangle pattern, per which a 25% rally is possible. The Relative Strength Index sustaining in the bullish zone is an indication of broader market bullishness. Sharpe Ratio nearly recovering from negative to positive could attract new investors to the altcoin. Solana’s (SOL) price is making…
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In Brief Litecoin’s price on the 4-hour chart is forming a rising wedge, suggesting a drawdown could result in an 8% drop. LTC whales have been making no significant move in the past few days and don’t appear likely either. Retail participation, too, has taken a hit, with active addresses falling to a six-month low.…
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In Brief Cardano’s price is currently in a descending/falling wedge, and a breakout hints at a 24% rise. Mean Coin Age has grown by 2.4% in the last two weeks, which shows conviction is much stronger than the whole of Q1. Given only 50% of the supply is in profit, ADA has room for upside…
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In Brief A crypto analyst identifies a buy signal on Dogecoin, suggesting an upcoming price surge. Dogecoin shows strong recent performance, with a modest 1.14% rise from its weekly open. Current trends hint that Dogecoin’s recent peak price may climb higher, offering big gains. Cryptocurrency enthusiasts are poised for potential gains as Dogecoin (DOGE), the…
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Both cryptocurrencies and decentralized finance (DeFi) are lauded as necessary. However, both still operate on a centralized system — the Internet itself. Internet Computer Protocol (ICP) and its ICP coin aim to change that. Here’s everything you need to know about the innovative project in 2024. In This Guide Internet Computer Protocol (ICP) explained Who is…
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In Brief The trustee overseeing Mt. Gox’s bankruptcy proceedings has taken a significant step by introducing repayments. Multiple creditors active on Mt. Gox’s insolvency hub on Reddit confirmed receiving notifications of an update. Meanwhile, Mt. Gox have warned its creditors to be wary of fraudulent emails that might be impersonating its team. The trustee overseeing…
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In Brief An AI bot designed for trading has raised significant security concerns after it was found to be stealing cryptos. Despite attempts to remove the backdoor code, experts warn against downloading the bot due to its malicious intent. AI bots have become one of the most ways of trading cryptocurrencies due to the advancements…
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