Dip

Ethereum, the world’s second-largest cryptocurrency by market cap, finds itself in a curious position. While the price struggles for direction, its underlying network is experiencing a surge in activity. Ethereum Network Sees Increase In New Users According to crypto data firm Santiment, May 4th saw a whopping 200,000 new Ethereum addresses created, marking the highest single-day growth in nearly two years. This surge suggests a renewed interest in the Ethereum ecosystem, potentially driven by factors like the burgeoning Decentralized Finance…

The cryptocurrency market has been battered by recent storms, with many altcoins experiencing significant price drops. XRP, however, seems to be weathering the tempest with a hint of defiance. While its price has dipped, on-chain data reveals intriguing trends that suggest a potential silver lining for XRP investors. XRP Accumulation On The Rise: Diamond Hands Or Whale Whispers? Despite the price decline, a surprising trend has emerged. The number of investors holding between a thousand and 1 million XRP tokens…

Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery. Technical Analysis By TradingRage The Daily Chart As the daily chart depicts, Ethereum’s price has been making lower highs and lows inside a descending channel since failing to break above the $4,000 resistance level. Yet, the cryptocurrency is climbing back above the $3,000 level and the midline of the…

The post Best Cryptos To Buy in the Dip With 10x Bullish Potential in May appeared first on Coinpedia Fintech News It has been a mixed adventure for many cryptocurrencies since the turn of the year. Bitcoin’s unprecedented surge to a new all-time high record of $73k sent shockwaves across the market with top cryptos following the Bitcoin trend. However, the surge didn’t last long before a severe bearish pullback took the Bitcoin price below $65k a few days later.…

Dormant tokens in the XRP Ledger have begun to stir, setting the stage for May’s market activity. New data suggest the blockchain is seeing another “huge blast” in dormant XRP movement, alongside increasing open interest (AI). Surge in Old XRP Coin Movement According to Santiment’s Token Age Consumed metric, there has been a significant surge in the movement of old XRP coins on the ledger, similar to the spike observed just before the market downturn on April 13th, during which…

FTX’s announcement regarding the commencement of the third tranche of the auction for locked Solana coins has injected optimism into the market amidst a broader sell-off. Despite the recent bearish trend in Solana’s price, indicators such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO) suggest underlying bullish sentiment. Amid the broader market sell-off, Ethereum Layer-1 competitor Solana has also witnessed a sharp pullback dropping all the way to $120 levels earlier today. However, in another major announcement…

As Bitcoin prices continue to face intense volatility after the halving, the stability of the entire crypto-mining industry could hinge on a critical support level.  Currently trading around $57,000, Bitcoin has experienced a significant drop from its March 14 all-time high of $73,750. This downturn places immense pressure on Bitcoin miners, who grapple with the effects of the latest halving event that reduced block rewards from 6.25 BTC to 3.125 BTC. Will Bitcoin Miners Capitulate Following the Halving? Despite these…

TL;DR Despite recent price drops in the cryptocurrency market, including bitcoin, some investors seem interested in potential purchasing opportunities, reflected by increased searches for “buy the dip crypto.” On-chain metrics like the MVRV ratio and shifts in open interest suggest a potential turnaround, indicating it might be a good time to invest in the primary digital asset. Viewing the Crypto Crash as a Buying Opportunity The cryptocurrency sector has been in a state of severe correction in the past few weeks, with…

The altcoin space has recently taken a hit in its value, as the broader crypto market has seen a decline to $2.43 trillion based on CoinGecko data. As a result, many are now looking for ways through which they can recoup some of the losses experienced by this negative market trend, andare doing so through diversifying their crypto portfolio. While many altcoins did indeed experience price decline, there are five exceptions which have done the opposite, and are rising upwards…