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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Cardano (ADA) Faces Risk Of 30% Drop – On-Chain Metrics Confirm A Slow Demand
Cardano has seen a strong 26% surge following the Federal Reserve’s interest rate cuts announcement two weeks ago, boosting optimism across the crypto market. Analysts and investors are questioning the sustainability of the recent surge. Despite the initial rally, Cardano’s price failed to close above a key resistance level, signaling potential weakness in the uptrend. On-chain data from Santiment reveals a decline in demand for ADA, adding to investor caution. Decreased network activity and buying pressure raise doubts about the…
8 months ago
Bitcoin Bulls Eye $92k, Ethereum Struggles to Confirm Trend And Solana Targets $200
The post Bitcoin Bulls Eye $92k, Ethereum Struggles to Confirm Trend And Solana Targets $200 appeared first on Coinpedia Fintech News Bitcoin is currently showing a short-term bullish signal, with the price forming a new pattern that demands close attention. Simultaneously, Solana and Ethereum are encountering a critical area of resistance. Analyst Josh of Crypto World gave a detailed breakdown of the current trend and also revealed the price levels. Bitcoin Price Analysis: Bitcoin remains in a larger bull market…
10 months ago
Ethos Announces 1.75M Pre-Seed From Collective Angel Investors to Confirm “Proof-of-Credibility”
Austin, United States, July 2nd, 2024, Chainwire Ethos plans to extend Ethereum’s existing validation functionality to confirm a user’s credibility on-chain, something Ethos calls “social validation” Ethos, the decentralized social (DeSo) application bringing reputation and credibility on-chain, today announces the close of its $1.75M funding round led by a collective group of prominent web3 angel investors including Bharat Krymo, James Hall, 0xQuit, Tre, Dingaling, Sighduck, Dragos, 0xMakesy, Zeneca, and others. The round will be used to finalize the Ethos product…
11 months ago
BTC Hits Bottom: Analysts Confirm Bitcoin’s Reversal Signal to $70,000
The bearish trends in Bitcoin price might be nearing its end after the coin hit a bottom at the $63,000 range. Bitcoin analysts are optimistic that with more holders than traders, a rebound is imminent in the near term. Bitcoin (BTC) recently saw its price hitting bottom at $63,372.11, after days of consistent pullback in the latest market downturn. Nevertheless, market analysts confirm a price reversal for the leading cryptocurrency, with the potential to reach the $70,000 mark. Optimistic Outlook…
12 months ago
Cardano’s New Crypto Partnership with Confirm Faces Major Criticism
Cardano Foundation's announcement of its partnership with Confirm, an analytics provider, raised a lot of scrutiny in recent times. Through the partnership, custodians, exchanges, and other third parties can track Cardano's native ADA crypto held in their wallets. Following the reveal, there have been major concerns circling the partnership by Weiss Crypto. What the Weiss Criticism Entailed Charles Hoskinson, the founder of Cardano, believes that partnering with Confirm will bring more adoption to the Cardano blockchain. After all, its purpose…
4 years ago