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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Will Cardano (ADA) Stage a Comeback? As Experts Say This New Shiba Inu Competitor Priced At $0.015 Could Hit $1 By December
As Q4 unfolds, Cardano and Shiba Inu showcase a slow market trajectory. However, given their use case and popularity, experts project a significant uptrend to $1. Amid this speculation, Cutoshi enters the crypto market with a lot of promise. By infusing DeFi functionalities into a meme-inspired token, Cuoshi will redefine the meme coin market as we know it. Its presale has already raised over $310K as investors continue to join this promising platform. Moreover, with high demand for its native…
8 months ago
Over 52 Million ETH Bought At $2,300, Will Ethereum Bulls Defend This Support?
Ethereum is flat at press time, moving inside a narrow $400 range with caps at $2,300 on the lower end and $2,800 as the upper limit. Even though investors are upbeat, expecting prices to soar in the coming sessions, uncertainty continues to engulf the market. Ethereum Finds Support At $2,300: Over 52 Million ETH Bought The second world’s most valuable coin is bearish, dumping by over 50% from July highs and unable to break the local resistance at $3,500. As…
8 months ago
Crypto Price Analysis 10-11 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, DOGECOIN: DOGE, BITTENSOR: TAO, FANTOM: FTM
The crypto market has witnessed mixed price actions over the past few sessions, leading to considerable investor speculation. Bitcoin (BTC) continued to trade below $61,000 and registered a marginal drop over the past 24 hours. The price had briefly dipped below $60,000 once again late on Friday, dropping as low as $58,930 before recovering and pushing back above $60,000. While BTC traded in the red, Ethereum (ETH) registered a marginal increase, along with Solana (SOL), which managed to reclaim the…
8 months ago
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SHIBCYBRO Presale Explodes Above $3 Million, Leaving SHIB and PEPE in the Dust
The latest presale of CYBRO has skyrocketed to an impressive $3 million, overshadowing popular tokens like SHIB and PEPE. This unexpected surge has captured the crypto community's attention, raising questions about the coins poised for significant gains. Dive into the article to discover which digital currencies are set to rise in the ever-changing crypto landscape. CYBRO Presale Exceeds $3 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token presale…
8 months ago
Why Are Traders Super Bearish On Chainlink, Solana, and Bitcoin?
As the crypto market struggles to shake off the weakness of last week, the latest sentiment data from Santiment shows that token holders and traders are bearish on some of the top altcoins. According to their recent analysis, token holders are bearish the most on Chainlink–a middleware solution that powers DeFi and NFTs, Ethereum, Solana, and Bitcoin. Out of their assessment, it is interesting to note that these coins on focus are those in the top 10, except for Chainlink…
8 months ago
Worldcoin Drops 6% Amid Alameda Research 1.5 Million Token Sale, Will WLD Price Hold?
Worldcoin, the crypto project co-founded by OpenAI’s CEO Sam Altman, recently saw its token’s price drop over 6% following Alameda Research’s continued sales. Some analysts believe WLD’s price could continue to move sideways before recovering its bullish momentum. Alameda Goes On A Worldcoin Sell-off On-chain data analysis firm SpotOnChain revealed that Alameda Research has sent part of its WLD holdings to crypto exchanges for the past two months. The report shared that, since early August, FTX’s sister company has transferred…
8 months ago
Hedera Analyst Thinks HBAR Will Easily 30X After Sinking 70% In 6 Months
Hedera, a proof-of-stake platform, wasn’t spared from aggressive bears in early October. After HBAR, its native token, floated higher in September, the rejection of bulls in early October resulted in a double top. Overall, there is optimism that bulls will resume and push prices to new Q4 2024 highs. The pace of this growth will depend on how the market performs and whether fundamental factors around the project will prop up buyers. Will HBAR Rise By At Least 30X? While…
8 months ago
Crypto Price Analysis 10-9 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, DOGECOIN (DOGE), RENDER: RNDR, ARBITRUM: ARB
Bitcoin (BTC) remained muted, registering a marginal decline over the past 24 hours. It continues to hover just under the $62,500 mark. The crypto markets have not seen much movement over the past 24 hours, with cryptocurrencies such as Ethereum (ETH) registering a marginal increase to remain above $2,400, while Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Toncoin (TON), and others reported similar marginal increases. The overall crypto market cap also reported a marginal decline, falling by 0.17% to $2.17 trillion.…
8 months ago
Injective Generated More Revenue Than BNB Chain, Avalanche In Q3 2024, Next $50?
Injective Protocol, a DeFi-centric platform using Cosmos tech, is gaining traction, looking at the gas fee revenue distributed to its validators in Q3 2024. While INJ, the native currency of the protocol, is under pressure, cooling off after rallying to as high as $52 early this year, the recent development is a huge confidence boost. Looking at trends may signal that more users are flowing to Injective, a net positive for INJ in the coming sessions. Injective Generates More Revenue…
8 months ago
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Unlocking New DeFi Opportunities for BNB Holders
Toronto, Ontario, October 8th, 2024, Chainwire clisBNB, developed by Lista DAO, is an innovative tool that offers BNB holders greater flexibility and control over their assets. Now available through BNB.xyz, a one-stop on-chain platform for BNB, primarily designed to bridge the gap between CeFi and DeFi. clisBNB offers BNB holders a new way to access Binance launchpool and Lista DAO CDP. What is BNB.xyz? With BNB Chain, ListaDAO, and Pancakeswap as core contributors, BNB.XYZ is a one-stop staking platform on…
8 months ago
Binance Coin ($BNB), Fantom ($FTM), THORChain ($RUNE) – good time to buy?
When/if Bitcoin ($BTC) makes its next upside move, some of the more fundamentally sound altcoins have the potential to outperform. Binance Coin ($BNB), Fantom ($FTM) and THORChain ($RUNE) are among them. Is now a good time to buy? Bullish price action for $BNB Source: TradingView The $BNB price action is looking quite bullish thus far. A series of higher highs and higher lows has taken the price from $472 to the current $572. The price has just bounced from the…
8 months ago
First Polkadot Core Sells For 69 DOT: Will Prices Move?
Polkadot, an interoperable blockchain, continues to build. Less than a month after launching Agile Coretime, the first core was bought for 69 DOT over the weekend. This purchase is a significant milestone for the modern blockchain that’s been pushing to attract more users and developers on its rail by making block space accessibility easier and more flexible. Polkadot Coretime Purchased For 69 DOT According to on-chain data from the Coretime Hub, one core was bought for 69 DOT out of…
8 months ago
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LineSolana-Based MYRO Next In Line For $1 Billion? Why A 200% Surge To $0.2 Is Possible
Crypto analyst CobraVanguard has suggested that the Solana-based meme coin MYRO could be the next to reach a $1 billion market cap. This follows his prediction that the meme coin could enjoy a 200% price surge from its current level. Why MYRO Could Enjoy A 200% To $0.2 CobraVanguard mentioned in a TradingView post that the meme coin is forming a falling wedge on the daily timeframe. He claimed that MYRO could enjoy massive upside moves if it breaks out…
8 months ago
NEIRO Price Prediction – Best Meme Coin To Buy Now After 50% Rally?
First Neiro On Ethereum (NEIRO) has breached the multi-week descending trendline, resulting in a 50% rally on Monday. The NEIRO price reached a new all-time high today, trading as high as $0.00158 with a market capitalization of $660 million. Meanwhile, its 24-hour volume has surged over 350% to $1 billion, with the majority coming from Binance. The latest NEIRO price predictions see the meme coin soaring to anywhere between $750 million to $1 billion. However, there is growing speculation about…
8 months ago
Starknet: Long Positions Liquidated Lead To 16% Losses
Starknet (STRK) faces huge losses as it follows the market-wide correction phase that shook investor portfolios. The unexpected movement caused the token to fall by nearly 16% causing a whopping $87k wipeout of STRK long positions in the past 24 hours. The market’s current positioning puts many investors at risk with big losses for the bulls if investor sentiment does not flip bullish in the coming days. With no solid backing for a bull run this week, STRK starts weakly…
8 months ago
72% Of ETHUSDT Traders On Binance Go Long – Is This The Buy Signal You Need?
In a recent trading activity on the crypto exchange Binance, 72% of ETHUSDT traders have taken long positions. This interesting sentiment is revealed through the trading analytics platform CoinGlass. This surge in long position is more notable as it comes after a week of Ethereum trending downwards. The strong tilt toward long positions suggests that most traders are confident Ethereum’s price will rebound in the coming week. On the other hand, 27.97% of Binance traders are still holding short positions…
8 months ago
Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling?
Ethereum is down when writing, mirroring the general performance across the board. The nearly 2% drop in the crypto scene is due to the contraction of Bitcoin, Ethereum, and top altcoins. At present, the total market cap is down to $2.17 trillion. It could post even more losses should bears press on, reversing the gains of September. Ethereum Under Pressure, Will $2,350 Offer Support? In the last week alone, CoinMarketCap data shows that Ethereum is down 10%, pushing losses below…
8 months ago
Vote to Earn Meme Coin Flockerz Goes Viral – Best Crypto To Buy Now?
A new viral meme coin is creating a strong buzz among potential investors, with some experts even labelling it as one of the best crypto to buy now. Flockerz (FLOCK) is a high-utility token, seeking to establish itself as “the people’s meme coin” with features like vote-to-earn and DAO governance. There is a strong FOMO among meme coin enthusiasts rushing to buy FLOCK at its discounted ICO prices. The presale is already approaching the $400k mark, indicating a strong demand…
8 months ago
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Binance May Soon Delist These 5 Altcoins: Everything You Need to Know
Binance, the world’s largest crypto exchange, has flagged five altcoins for potential delisting. This decision comes as the exchange added Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE) to its Monitoring Tag list, indicating increased scrutiny due to heightened volatility and risks. Altcoins Crash Due to Risks of Binance Delisting The Monitoring Tag is Binance’s method of singling out tokens that might not meet its stringent listing criteria anymore. The review criteria are thorough, assessing factors from…
8 months ago
Solana Posts More Net Inflows Than All Major Chains Combined: When Will SOL Break $160?
Like Bitcoin, Ethereum, and other top altcoins, Solana remains under immense selling pressure. While bulls struggle for momentum, $160 is emerging as a local resistance level for traders to watch out for. Despite the upside momentum in September, Solana buyers didn’t lift prices above this line. At press time, there is a local double top, even as one analyst on X notes that Solana outperformed other platforms, posting a sharp influx in net inflow. Solana Received Over $800 Million In…
8 months ago
Uptober Begins With Bloodbath: Crypto Market Lost Over $500 Million in Liquidation
Historically, October has been a bullish month, often celebrated as “Uptober.” However, this year, October has kicked off with considerable turmoil as geopolitical tensions between Israel and Iran escalate. This conflict has had a far-reaching impact on global markets, with cryptocurrencies bearing a significant brunt of the fallout. Bitcoin Falls to $60,200 Due to Crypto Liquidations On October 1, Iran launched a major missile attack on Israel. This marked the second such assault this year, following a similar incident in…
8 months ago
Is This VC Cashing Out? Moves UNI, COMP, AAVE, And SNT Tokens To Binance
Fenbushi Capital, a blockchain-centric venture capital (VC), appears to be cashing out after moving four tokens, including Aave (AAVE) and Compound (COMP), to Binance. The VC is moving these tokens to the exchange, possibly to sell and lock in their profits or cut losses when market participants expect prices to tick higher. Fenbushi Capital Cashing Out? Sends AAVE, UNI, SNT, and COMP Tokens To Binance After the series of lower lows after crypto prices peaked, mainly in Q1 2024, the…
8 months ago
Eigenlayer (EIGEN) Starts Trading: Whales And Experts React – Is It A Buy?
The long-anticipated trading of Eigenlayer’s EIGEN token began today, following the lifting of transfer restrictions that had been in place since the token’s launch in May. Major cryptocurrency exchanges including Binance, Kraken, Coinbase, ByBit, and OKX have listed EIGEN, providing liquidity to holders of the token, many of whom received it through airdrops earlier this year. In a statement released through X, the Eigen Foundation highlighted the importance of this milestone: “We’re thrilled to announce the unlocking of the EIGEN…
8 months ago
BNB Price Could Regain Momentum: Is an Upswing Coming?
BNB price corrected gains below the $600 level. The price is now holding the key $565 support and might aim for a fresh increase. BNB price started a downside correction from the $620 resistance zone. The price is now trading below $590 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $585 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $565 level…
8 months ago