Crypto

Cardano (ADA) is again in the spotlight as crypto analysts continue to deliberate on its future trajectory. This time, crypto analyst Alan Santana has laid out a bearish narrative for the crypto token, which could cause its price to drop drastically.  How ADA Could Crash To $0.34 In his analysis, Santana stated that ADA’s breakout below the $0.58 price level, which has acted as support for the crypto token for five weeks, signals a bearish sentiment toward it. In line…

Cryptocurrencies are evolving rapidly, with various new players emerging with the potential to outshine established giants. As the bull run of 2024 gains momentum, some lesser-known alternatives could surpass the performance of Bitcoin. This article explores a selection of such cryptocurrencies, demonstrating their unique characteristics and why they could be key players in the expanding market. TRUE Token: Harness the Power of Crypto in iGaming for Unmatched Gains The TRUE token (TFT) is the new GameFi project, emerging to offer…

Tether Treasury has been actively minting USDT tokens amidst choppy market conditions. In the latest development, $3 billion worth of USDT tokens were mined by the Tether Treasury within a period of three days, according to an update by Lookonchain. The tokens were then distributed across the Ethereum and TRON blockchains. This surge in USDT minting has sparked curiosity regarding the destination. Since April 1st, approximately $2.55 billion USDT has flowed into prominent crypto exchanges, including Binance, Bitfinex, Kraken, and…

This week was quite a volatile rollercoaster for the primary cryptocurrency and the rest of the market, perhaps driven by actions undertaken by the US government. Recall that BTC’s price had stalled at around $69,000 last Friday as the bulls had failed to overcome the $70,000 level. Following a relatively quiet weekend, in which BTC stayed at around the same levels, it went on the offensive once again on Monday to over $71,000. However, Bitcoin failed to overcome that resistance…

TL;DR A well-known crypto platform now allows users to buy Shiba Inu (SHIB), incorporating a variety of services with the asset. SHIB’s widespread adoption by major exchanges and positive market indicators suggest a potential for resurgence despite current market downturns. The Latest to Hop on the SHIB Bandwagon The leading cryptocurrency lending platform, Nexo, announced on X that users can purchase the second-largest meme coin – Shiba Inu (SHIB). The company explained that card transactions can be accepted “in seconds”…

Synthetix (SNX) and dYdX (DYDX) are spearheading innovations in the decentralized finance (DeFi) space, emerging as top DeFi projects while other decentralized exchanges like Uniswap (UNI) lose momentum. Data from Santiment shows that dYdX has enjoyed a surge in development activity with over 145 commits on GitHub in the last 30 days. Its trading volume jumped by almost $100 million during the same period. Synthetix was right behind it, with 116 commits.  Emerging crypto InQubeta (QUBE) is also getting lots…

The post Q1 2024 Crypto Hack Overview: Trends, Losses, and Recovery Efforts appeared first on Coinpedia Fintech News The crypto market began rocky in 2024, with Q1 recording many on-chain security cases that threatened the cryptocurrency ecosystem’s integrity and stability. Various details illustrate this period’s widespread influence, outcomes, and trends. This brief comprehensive report will give a comparative overview of the hacks, a monthly breakdown, etc.  Read on! Comparative overview Comparing the figures to the same period in 2023 reveals…

Altcoins are firmly in the red again on Friday, and support for their total market cap is in danger of breaking. How firmly do you believe in what is being done in the cryptocurrency space? Is this the time to sell and get out while you still can? The right decision needs to be made The resolve of altcoin holders is about to be tested once more. The total market cap of all the altcoins is perilously close to breaking…

There are around 18,000 Bitcoin options due to expire on April 5 with a notional value of $1.23 billion. However, today’s expiry event is much smaller than last week’s whopping $15 billion end-of-quarter crypto options expiry. Moreover, markets have been weaker this week, with total capitalization falling 5% as $150 billion left the space. Bitcoin Options Expiry Today’s tranche of expiring Bitcoin options contracts has a put/call ratio of 0.64. This means there are about a third more call (long)…