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Ethereum price struggled to recover above the $3,420 resistance zone. ETH is consolidating and might decline again if there is a move below $3,320. Ethereum is struggling to gain pace for a move above the $3,420 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,400 and $3,425 resistance…

Terra Classic (LUNC), the phoenix attempting to rise from the ashes of the infamous TerraUSD crash, is once again capturing investor attention. Coincodex analysts predict a modest 10.7% price increase by July 25th, while renowned crypto analyst Javon Marks throws a much bolder 1,500% surge into the ring. So, is LUNC poised for a bullish breakout, or is this just another mirage in the volatile crypto desert? A Token Reborn: LUNC Capitalizes On Market Volatility LUNC, once the backbone of…

Whale accumulation threatens retail availability, controlling almost half of the current XRP supply. Ripple’s escrow system releases limited XRP monthly, creating artificial scarcity. XRP is definitely home to more whale addresses than most people would think; supply data even reveals an intriguing concentration among these whale wallets. This phenomenon was recently brought to attention on social media by XRP enthusiast Chad Steingraber. With the SEC case against Ripple finally drawing to an end, the supply distribution indicates that XRP is…

Victoria, Seychelles, June 25th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, has shared its monthly update for the transparent tracking of its proof-of-reserves (PoR) highlighting the reserve ratios of Bitcoin (BTC), Ethereum (ETH), USDT and USDC. As compared to May, the amount of users’ BTC, USDT, ETH surged by 9%, 10% and 46% in June. The recent POR report emphasizes Bitget’s security with over 163% of reserve ratio accounting for all assets. The BTC, ETH and…

Sandbox (SAND) has announced that it has acquired six meme tokens, including DOGE and SHIB, to help support specific communities and heighten its influence in Web3 culture. The recent acquisition highlights the potential for meme coins to create intriguing opportunities for interaction and engagement in the GameFi market and, more importantly, foster a more inclusive and diverse community. Rollblock (RBLK) continues to gain traction, fueled by its attractive live casino and intriguing revenue share model, which offers the best passive…

The number of Ethereum (ETH) holders has been steadily increasing over the last month, despite bears being in charge of the market. Investors also share the same bullish sentiment for top crypto coins Ripple (XRP) and Angry Pepe Fork (APORK). Based on the improving sentiment of investors, these are the best altcoins to buy at the moment. Ethereum (ETH) Holders Grow In Number Despite Price Declines  Santiment has said in a recent report that the number of Ethereum (ETH) holders…

Italy reportedly plans to introduce stricter crypto surveillance measures due to the risks associated with digital assets.  News agency Reuters reviewed an Italian draft decree detailing plans to adopt stricter crypto oversight measures over the risks tied to these assets. Measures include extremely high fines ranging between 5,000 and 5 million euros ($5,400 - $5.4 million) for offences such as market manipulation.  Massive Fines for Insider Traders According to Reuters, Italy is planning to introduce stringent crypto surveillance mechanisms and…

Bitcoin has been on a bumpy ride in recent days. The world’s most popular cryptocurrency has seen its price steadily decline, raising concerns about a prolonged bear market. However, beneath the surface, some analysts are detecting faint bullish whispers that could signal a potential reversal. Buying Pressure Emerges, But Can It Overcome The Downtrend? One glimmer of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric that tracks the balance between buy and sell orders on exchanges. According…

Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim for a move toward the $3,800 resistance zone. Ethereum started a recovery after the bulls appeared near the $3,365 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it stays…