In Brief Solana’s price failed a bullish breakout and is now close to witnessing a death cross. The bearish market cues are weighing heavy on the altcoin, as evidenced by the RSI. Sharpe ratio is at a 4-month low of -4.27, signifying negative risk-adjusted returns. Solana’s (SOL) price is close to witnessing a bearish phenomenon…
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In Brief Six new spot Bitcoin and Ethereum ETFs starts its debut on the Hong Kong Stock Exchange (HKEX). The ETFs are available in HKD, USD, and RMB, with promising opening prices and innovative features. Industry experts express optimism about Hong Kong’s future as a crypto-friendly financial hub. Hong Kong has made a significant stride…
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In Brief Vitalik Buterin has responded to community concerns regarding the network’s transition from PoW to PoS. Buterin emphasized the necessity and benefits of this shift, citing concerns over PoW’s centralization. Despite Ethereum’s successful transition to PoS, regulatory scrutiny, particularly from the SEC, persists. Ethereum co-founder Vitalik Buterin has responded to community concerns about the…
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In Brief DTCC has decided to impose a 100% haircut on all investment instruments backed by crypto assets. Some analysts speculate that this move could lead to reduced liquidity and increased risk for investors However, others argued that the DTCC decision might not significantly affect crypto ETF performance. The Depository Trust and Clearing Corporation (DTCC)…
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In Brief Forbes labels Ripple, Cardano, Fantom as “zombie tokens” with high speculation. Ripple fails to meet banking revolution goals, shows minimal transaction fees. Cardano and Fantom lack real-world applications despite high market valuations. In a recent Forbes exposé, cryptocurrencies like Ripple (XRP), Cardano (ADA), and Fantom (FTM) have been highlighted as “zombie tokens.” These command multi-billion…
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In Brief Bitcoin (BTC) is one of the closest tokens to forming a new all-time high propelled by the halving bullishness. BNB Coin (BNB) is merely 12% away from charting a new ATH marked at $686 after almost three years. Bitget Token (BGB) and Ondo (ONDO) are both consolidated under their ATHs, standing 15% and…
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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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