Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Bitcoin Toughest Time Over: Why Q4 Could Be A Game-Changer
An analyst has explained how the worst could be behind for Bitcoin, and Q4 may bring back bullish momentum if history is anything to go by. Q3 Has Historically Been The Worst Time For Bitcoin Investors In a new post on X, Capriole Investments founder Charles Edwards talked about how investors are going through the worst time for Bitcoin. Below is the table cited by the analyst, which breaks down the quarterly returns the cryptocurrency has seen throughout its history.…
9 months ago
Here’s What Dogecoin Whales Are Doing Following The Recovery Above $0.1
The Dogecoin price recover came as a welcome sight to investors after the meme coin struggled around $0.09 for a while. Naturally, the move in the price has prompted movement among Dogecoin investors and the whales are not left out of this. As the price rebounds, these whales have increased their activity, moving billions of DOGE to and from their wallets. However, the net flow of these whale wallets paint a bearish story for the DOGE price. Dogecoin Whales Move…
9 months ago
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XRPXRP To Have ‘The Mother’ Of All Bull Runs, Analyst Sets Double-Digit Target
The recent XRP price action has sparked a broader bullish sentiment among crypto investors and analysts. The cryptocurrency’s 10% surge in the last week has driven the price above levels not seen in nearly a month, continuing its green performance in most long-term timeframes. As a result, some market watchers have set their bullish targets for the cryptocurrency, claiming that the multi-year consolidation is coming soon to an end. XRP To Reclaim $0.75? XRP’s price suffered a massive drop when…
9 months ago
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DogecoinDogecoin Sees Surge In Transactions: Is a Massive Breakout on the Horizon?
Amid the sluggish price performance, Dogecoin is now seeing a rise in one of its major metrics. Recently, data from the market intelligence platform IntoTheBlock revealed that the asset has recently exhibited a surge in transaction activity. For context, a rise in a crypto asset’s transaction activity typically indicates increased use and interest in that asset. In the case of Dogecoin, this can suggest higher demand, more user engagement, or growing adoption for DOGE. This heightened activity sometimes precedes major price movements,…
9 months ago
Bybit Card Now Fully Open for Users in Brazil
Dubai, United Arab Emirates, September 18th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, officially starts accepting applications for the Bybit Card from all users in Brazil. This marks another significant step in the company’s mission to empower crypto holders globally and break down barriers to entry for everyday users. With the Bybit Card, spending and making crypto payments at millions of Mastercard merchants worldwide will be a breeze for Brazilian customers. To celebrate the momentous occasion,…
9 months ago
Bitcoin dominance heads to 60% – are altcoins getting squeezed out?
With very few exceptions from the altcoins, Bitcoin has dominated this bull market. With BTC Dominance well over 58%, will most of the altcoins be squeezed out of the rest of this bull market cycle? Bitcoin dominance is continuing to rise. Currently at 58.47%, BTC dominance has just powered through resistance, and is now heading for the next resistance at 60%. Why is Bitcoin getting all the love? Why is Bitcoin getting all the love, while the vast majority of…
9 months ago
Crypto Price Analysis 9-18 BTC, ETH, SOL, DOT, WIF, XRP, TON
Bitcoin (BTC) is back above $60,000 after registering an increase of over 3% in the past 24 hours as optimism around a Fed rate cut grew. Other cryptocurrencies, including Ethereum (ETH), Uniswap (UNI), FET, SUI, Aptos (APT), and Bittensor (TAO), registered notable gains. However, Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON) remained in the red, registering notable drops. In a related development, spot Bitcoin ETFs saw a surge, adding $250 million worth of Bitcoin in a single day,…
9 months ago
cheqd & Dock Merge Digital Identity Networks To Accelerate Adoption of Decentralized IDs
Decentralized trust infrastructure startup cheqd said today it’s merging its network with that of the ID ecosystem provider Dock. Their partnership will see the Dock Certs platform, and Dock’s entire client-base, migrate to the cheqd network The two companies are framing the merger as a key step towards accelerating the adoption of decentralized identity systems. For customers, the partnership means they’ll be able to access the best features created by both companies. As part of the alliance, Dock’s native DOCK…
9 months ago
Unique Network Leads the Way in Cross-Chain NFT Transfers on Polkadot
Singapore, Singapore, September 18th, 2024, Chainwire Parachains and developers can register now to test NFT XCM functionality and get an exclusive first look at this innovation in action. Unique Network has announced it will be launching the first developer environment for NFT XCM transfers (Cross-Chain NFTs), starting with two major networks for developers and parachains in the Polkadot ecosystem. Using NFT XCM’s technology at the start of the developer environment, blockchain developers can move NFTs between Asset Hub, and Unique…
9 months ago