In Brief Yuga Labs partners with Somnia to enhance Otherside metaverse’s interoperability. Somnia’s L1 blockchain to boost Yuga NFTs’ functionality and user incentives. New partnership allows consistent avatar use across metaverse experiences. Yuga Labs, creators of the Bored Ape Yacht Club NFTs, have announced a groundbreaking partnership with Somnia, an emerging powerhouse in blockchain technology designed specifically…
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In Brief Dogecoin’s price, despite the short-term recovery, is still vulnerable to further corrections on the daily chart. The investors have been pulling back from the meme coin, which is evident in the OI dropping by 1 billion. Their optimism has been missing since the beginning of the month and could stay that way for…
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In Brief Fantom’s price has failed two attempts at breaching the resistance block it has been under for the past three weeks. MACD shows that the altcoin has a shot at recovery as a bullish crossover can be seen forming on the 8-hour chart. A buy signal is also being flashed on the price DAA…
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In Brief Bitcoin and Ethereum options face expiry, with notional values of $1.39 billion and $1 billion, respectively. Bitcoin’s current maximum pain point is $61,000, highlighting a key level that traders should be aware of. Although market volatility expectations are high, the impact of options expiry is generally short-lived. Friday has come, which means it’s…
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In Brief Bonk price is in a descending wedge, and the lower trend line will likely be tested again. This would result in a potential 50% drawdown, which broader market cues support. BONK holders are also betting on a price drop since Funding rates are highly negative. Bonk failed to breach a key resistance trend line,…
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In Brief SHIB may reach new highs or sink due to key technical levels. Bullish SHIB signals hint at a potential rise to $0.000072323. Bearish risk if SHIB dips below $0.000021, may trigger selling. Shiba Inu (SHIB) stands at a critical point. As traders watch closely, SHIB faces potential turning points that could propel it…
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In Brief LINK price will most likely slip to $11.7 before recovering $13.2 as support to initiate a recovery. The decline in network growth is a sign that the project is losing traction among potential investors. LINK is currently undervalued and could see a short dip before recovery, as per the MVRV ratio. Chainlink (LINK) is currently facing…
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In Brief Celestia’s price fell below $10 after failing to breach and recover over the past two weeks TIA sharing a high correlation with Bitcoin could further fuel the potential bearish outcome. Investors are not too optimistic either, which is evident in the OI being slashed in half in a month. Celestia (TIA) is prone to further correction after…
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In Brief Ethereum’s price is looking to break out of a descending wedge, which targets the rise at $4,000. The unrealized profits of ETH holders show that there is still considerable optimism among investors. ETH whales are also actively conducting transactions on the network, which could keep the liquidity high. Ethereum (ETH) price is noting a sharp…
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In Brief Deutsche Bundesbank study shows 86% of Germans open to a digital Euro, indicating shifting sentiment on digital assets. Potential CBDC adoption could lead to significant declines in cash holdings and bank deposits, impacting the banking sector. The study highlights the need for careful CBDC policy design to maintain financial stability amidst potential transformative…
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