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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In Brief Meme coins have seen significant price surges following the Bitcoin halving event. Bitcoin shows modest gains post-halving, with expectations of long-term growth. Runes, a new Bitcoin token standard, sparks interest but has modest trading volumes. In the cryptocurrency market, the latest halving event has surprisingly not put Bitcoin in the spotlight. Instead, meme…
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In Brief Pavel Durov outlined Telegram’s evolution beyond messaging, aiming to transform it into a crypto empire. Telegram plans to introduce features for buying assets and creating NFTs, with significant revenue shares. USDT will launch on the TON blockchain, integrating tightly with Telegram’s services for broader access. Pavel Durov, the founder of Telegram, spoke at…
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In Brief Bitcoin’s upcoming halving event, scheduled every four years, reduces mining rewards and is expected to intensify market competition. Involvement from institutional investors and countries like El Salvador indicates a growing acceptance of Bitcoin as a mainstream asset. The halving could prompt regulatory and technological advancements, strengthening Bitcoin’s position as a unique asset class.…
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In Brief Cardano’s Treasury has amassed 1.5 billion ADA tokens valued at approximately $720 million. Observers explained that the growing Treasury reserves reflects tightened network activity. ADA’s price is on the cusp of a notable break-out, market analysts note, citing historical data. Cardano’s Treasury has hoarded 1.5 billion ADA tokens, worth over $720 million, which…
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