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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Increase Startup Revenue Via Blockchain: Learn The Right Use
With entrepreneurs spearheading innovation, the blockchain technology scene is changing quickly. One of the biggest problems these firms have, though, is making blockchain performance optimal. High transaction volume handling, security assurance, and customer happiness all depend on blockchain performance. Focusing on doable advice and tactics that companies can use, this article offers a thorough approach to blockchain performance optimization. Transaction speed, reliability, safety, and resource economy are just a few of the variables that affect blockchain performance. For startups, creating…
12 months ago
Shiba Inu Sees 3,894% Increase in Burn Rate, Millions of Tokens Destroyed
Shiba Inu has recorded a sharp rise in the burn rate of its SHIB tokens, with millions of tokens destroyed as the community pushes for a long-overdue price rally. SHIB has lost 2.6% in the past day, and despite most of its technical indicators staying neutral, whales are dumping the token and creating selling pressure on exchanges. Shiba Inu has recorded a sharp spike in the burn rate of its native SHIB token, but its price has failed to rediscover…
1 year ago
XRP Price Dips To Support, Can It Bounce Back And Restart Increase?
XRP price started a fresh decline from the $0.5320 resistance zone. It is now testing the $0.5180 support and might even test the $0.5120 support zone. XRP failed near $0.5320 and started a downside correction. The price is now trading below $0.5250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $0.5250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could dip further if it stays…
1 year ago
BlackRock ETFs Increase MicroStrategy’s exposure
The post BlackRock ETFs Increase MicroStrategy’s exposure appeared first on Coinpedia Fintech News As per data from Fintel, 82 ETFs have acquired MicroStrategy shares. The iShares Russell 2000 ETF (IWM) holds the largest position, with 362,846 shares with a substantial 12.02% increase from the previous reporting period. The second largest holder is the iShares Russell 2000 Growth ETF (IWO), which owns 129,094 shares. This reflects a 19.23% increase in share count and a 221.77% rise in value, now reported at…
1 year ago
Shiba Inu’s 16,600% Burn Rate Increase: Can It Propel SHIB Price to a New All-Time High?
Over 417 million transactions and 1.8 million unique wallets highlight growing adoption. 310% increase could set the stage for a potential SHIB price recovery. Following recent advancements highlighted in CNF’s previous report, Shibarium has processed over 417 million transactions and surpassed 1.8 million unique wallet addresses. The report pointed out that the Shiba Inu burn rate skyrocketed by 310%, with potential for SHIB price recovery. These figures highlight the expanding use and adoption of Shibarium in the crypto ecosystem. In…
1 year ago
Can Solana (SOL) Overcome Key Resistance and Ignite a Fresh Increase?
Solana declined again and tested the $160 support zone. SOL price is consolidating and might recover if it clears the $166 resistance zone. SOL price corrected lower and tested the $160 support zone against the US Dollar. The price is now trading below $168 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $165 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $166…
1 year ago
Shiba Inu (SHIB) Set for 240% Increase? Analyst Marks Highlights Bullish Breakout
A renowned crypto analyst predicts that Shiba Inu will break out from the current “intermission” phase to surpass its all-time high price. Another analyst identified as Ashish has predicted that the asset could surge to $0.00008089 by June 24, 2024, and has marked $0.000022 and $0.000025 as the buying zone. Crypto analyst Javon Marks makes a good case for Shiba Inu (SHIB), predicting a whooping surge to $0.0000886 in the next phase of its price movement. Interestingly, its price has…
1 year ago
Terra Luna Classic Rejects Burn Tax Increase Proposal, LUNC Price Rises
The Terra Luna Classic community has rejected Proposal 12105. The proposal to increase the burning tax to 1.5% was met with a lot of opposition. The Terra Luna Classic community has rejected Proposal 12105 which sought to increase the LUNC burn tax. The Luna Classic Community also opposed the proposal because there was no rationality and proper plan for its implementation. Although the burn tax concept was rejected, conversations about the burn tax are still prevalent in the Terra Luna…
1 year ago
Bitcoin Price Struggles: Can the Leading Cryptocurrency Start Fresh Increase?
Bitcoin price extended its decline below the $68,000 level. BTC is now slowly moving lower toward the $66,250 support zone in the near term. Bitcoin extended its downside correction below the $68,000 zone. The price is trading below $68,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $67,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down unless there is…
1 year ago