Market

Solana (SOL), currently ranked as the fifth largest cryptocurrency with a market capitalization of $56 billion, has experienced a significant decline amid the recent market meltdown affecting the digital asset space.  Over the past 24 hours, SOL has witnessed an 8% drop, reflecting the broader market downturn. Despite this setback, experts believe that if the cryptocurrency maintains support above the $120 price level, it holds notable potential for a strong price recovery in the coming months. Bullish Price Outlook And…

May 2023 is poised to become a landmark month for the crypto market, with major token releases slated to inject substantial liquidity and potentially catalyze shifts in market dynamics. Key developments from AEVO and PYTH and significant contributions from other projects are set to channel over $3 billion into the sector. Substantial Crypto Releases Set the Stage Token Unlock, a platform dedicated to tracking the release schedules of digital assets, indicates that May will witness one of the most substantial influxes…

The Solana memecoin frenzy has made many investors score a home run or be out of the game this cycle. Traders are looking for new projects that could be the next hit while the market enters a new re-accumulation phase. Solana Memecoins’ New Strike Memecoins have been the narrative of this bull cycle. As a result, those who wanted to make big profits mainly invested in newly launched projects. While some have made millions by trading the week’s top gainers,…

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…

Despite their relevance in the market, things have not been going well for Ethereum and BNB recently. This is why their investors have turned their interest to Raboo. Investing in up-and-coming promising projects like Raboo and its presale could be the best move for profit-oriented crypto whales. Keep reading to discover what is so special about Raboo and its presale: Ethereum Loses Investor Enthusiasm Due to Crypto Market Volatility and New Ecosystem Proposal  Ethereum investors are growing more anxious as…

The post Traders Watch XRP And Bitcoin Closely For Sudden Price Movements; Is $RECQ A Great Option Against Market Volatility appeared first on Coinpedia Fintech News TLDR XRP (XRP) has seen increased investor interest despite recent market volatility. Whales are buying the dip ahead of an SEC filing deadline on April 29, with one whale purchasing 24.05 million XRP worth around $12.39 million. Bitcoin (BTC) hit a daily transaction peak of 927,000 on April 23, exceeding the previous record. Runes,…

Even the Hong Kong-based Bitcoin and Ethereum ETFs can’t shake off the negative sentiment in the crypto market, as the primary cryptocurrency dropped back down to around $62,000. Aside from CRO, which has jumped by about 5%, the rest of the larger-cap alts are either in the red or with insignificant gains. BTC Fails at $65K Bitcoin had a more positive start to the previous business week, as it jumped to over $67,000 on a few occasions. However, it didn’t…

The post The NFT Market is Set To Soar in 2024: Why You Should Stock Up on Raboo, Gala, and Render Today  appeared first on Coinpedia Fintech News As we move deeper into 2024, the NFT market is not just rebounding — it’s preparing for an unprecedented boom. With the Bitcoin halving event now behind us, savvy investors are eyeing the next big wave in the crypto space: NFTs. Among the standout prospects are Raboo, Gala, and Render, each offering…

Is the Bitcoin bear market already starting to rear its head? One new piece of market data suggests this could be the case. As of Monday, Bitcoin is entering what could be its fifth negative weekly close in a row. Historically, Bitcoin has never closed five consecutive weeks in the red outside of a bear market environment. A Slow But Steady Pullback Twitter user MisterCh0c took notice of the pattern on Monday, and was quick to receive backlash from more…