Downturn

In an unexpected twist during Bitcoin’s recent downturn, two tokens—Helium (HNT) and Mpeppe (MPEPE)—have surged in popularity among crypto bulls. These two cryptocurrencies, representing different sectors of the blockchain world, have attracted attention for their growth potential, particularly as Bitcoin’s struggles continue to dominate market sentiment. Helium’s HNT Price Defies the Market with Ecosystem Growth While the broader crypto market has been weighed down by the declines in Bitcoin (BTC) and Ethereum (ETH), Helium (HNT) has managed to defy the…

As the cryptocurrency market experiences fluctuations, Toncoin (TON) has made headlines for its resilience, even during challenging times. While Bitcoin and other major cryptocurrencies face market downturns, Toncoin (TON) has outshone its competitors, leading investors to take profits and explore new opportunities. One of the most attractive investments currently on the radar for Toncoin (TON) investors is Mpeppe (MPEPE), a 100X presale promising significant returns. The Recent Struggles of Toncoin (TON) Despite its recent success, Toncoin (TON) has faced its…

Bitcoin investors are bracing for September, historically the worst month for the cryptocurrency’s price. Digital assets platform Matrixport has issued a warning, suggesting Bitcoin could see further declines this month due to various looming risk factors. Matrixport highlighted that Bitcoin faces additional pressure this year, which could impact its price. In its Matrix on Target report, the firm pointed to several key influences, including the US tech sector’s outlook, the Federal Reserve’s decisions, and the upcoming presidential debates, all of…

The post Curve DAO (CRV) soars 11% amid market downturn, Here’ why appeared first on Coinpedia Fintech News In this ongoing bearish market sentiment, the Curve DAO (CRV) is gaining massive attention from investors and traders due to a significant price surge. Amid this upward momentum, a whale caught moving notable CRV tokens from Binance, as reported by an on-chain analytic firm Lookonchain.  Whale moves 5.5 million of CRV from the exchange  Today, on August 1, 2024, Lookonchain made a…

The cryptocurrency market continues its summer swoon, with major coins like Bitcoin tumbling to four-month lows. Chainlink (LINK), a key player in the decentralized oracle network space, has been especially hard-hit, dropping 25% since the beginning of June. But is this a buying opportunity, or the precipice of a steeper decline? This Chart Pattern Looms Large Technical analysts are scrutinizing Chainlink’s chart, with a particular focus on the dreaded “Head and Shoulders” pattern. This formation, characterized by a central peak…

Toncoin (TON) is showing resilience amidst wider market turbulence driven by the growth of Telegram worldwide. The Toncoin network continues to record impressive growth, with a 96.56% increase in June. Toncoin (TON) continues to lead the crypto market, defying the market downturn recorded by large-cap cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The Telegram-backed altcoin has impressed for the better part of the year, leading to its rise into the top ten ranked coins in the market. While most…

The post Solana Loses Billions From Its Market Cap Amid Broader Market Downturn appeared first on Coinpedia Fintech News Solana has declined by at least 11% in the past week amidst the general market downturn and negative investor sentiment across the crypto market. Due to the bearish run, Solana descended about 5% and billions of dollars in market value since yesterday. The Solana price slumped as low as $123.42 on Monday. The co-founder and CEO of Helius Labs hinted that…

The post Bitcoin Loses Momentum Amid Market Downturn, But This Ethereum Token Is Far From Done appeared first on Coinpedia Fintech News Bitcoin (BTC) loses momentum as its price falls below the short-term holder’s realized price of $65,800. This could kickstart a wave of panic selling, leading to significant losses for Bitcoin (BTC) and other crypto assets. Amidst this market downturn, the popular Ethereum token ETFSwap (ETFS) defies market trends and provides investors, with an alternative avenue to yield substantial…

According to the latest insight from a CryptoQuant analyst, Bitcoin might be poised for a notable price correction. This possibility of a price correction is based on major Bitcoin metrics such as the Adjusted Spent Output Profit Ratio (ASOPR), signaling a notable implication for Bitcoin’s trajectory. Understanding ASOPR’s Role In Predicting BTC Corrections The ASOPR, a key indicator in the crypto market, measures the profit ratio of spent outputs by comparing the value at which coins were bought to the…