Market

Solana, the high-speed blockchain once hailed as an Ethereum killer, finds itself in choppy waters. After reaching an all-time high of $203 in March 2024, the cryptocurrency has experienced a significant correction, currently trading at $145. Analysts warn of a potential freefall, citing both external market forces and internal ecosystem woes. Solana’s Descent: A Shooting Star Loses Its Luster Technical indicators paint a bleak picture for Solana. Alan Santana, a prominent crypto analyst, points to the emergence of bearish candlestick…

Ethereum (ETH) tumbled 6.45% in the past week, marking a rough stretch for the world’s second-largest cryptocurrency. Generally, Ether has left investors much to desire in recent times with a price decline of 16.57% over the last few months. Amidst this bearish market, a crypto whale has sold off all his Ethereum tokens drawing much attention from traders and market experts alike.  ETH Whale Liquidates Holdings, Incurs Substantial Loss In an X post on May 11, blockchain tracking platform Lookonchain…

Shiba Inu and Pepe pioneered meme coin developments over the last year. Pepe experienced exponential growth, replicating the success of Dogecoin during the 2020-2021 bull market. Meanwhile, Shiba Inu scaled its ecosystem, introducing Shibarium and a dedicated Shiba Inumagazine. Now, Rollblock is expected to grow with these meme coins during the summer bull market. Offering a new DeFi application, experts believe it could be one of the most profitable investments of 2024. Lucie Highlights Shiba Inu’s Resiliency In a recent…

The post Bitcoin and Ethereum Rebound Sparks Market Optimism; Furrever Token Unveils $20,000 Competition appeared first on Coinpedia Fintech News As Bitcoin and Ethereum, the two behemoths of the cryptocurrency world, stage a remarkable recovery, a renewed sense of optimism permeates through the market. Against this backdrop of revitalized confidence, Furrever Token, an endearing newcomer to the crypto scene, steps into the spotlight with an exciting announcement. The project has unveiled a captivating competition, offering participants the chance to vie…

The post Forget XRP: Top Altcoins with Potential for Greater Market Cap By The End of 2024 appeared first on Coinpedia Fintech News The crypto market is abuzz as a new bull run takes shape. While XRP has been a popular choice for many investors, there are other coins showing signs of significant growth potential. This article casts a spotlight on several alternatives that might outperform the current market favourite in terms of the market cap before the end of…

The post Crypto Weekly Report: Analyzing the Week’s Key Events and Market Movements in Blockchain appeared first on Coinpedia Fintech News This analysis report, backed by quality data, covers the major developments the Web3, Blockchain and Crypto sector has experienced this week.  1. Breaking News This Week  Ethereum’s Eclipse CEO Steps Back Amid Misconduct Allegations Neel Somani, CEO of Ethereum’s Eclipse project, reduces role following sexual misconduct allegation, asserting innocence while acknowledging gravity of situation. Kraken Questions SEC’s Case Amid…

AVAX is the native utility token of the Avalanche blockchain. The token is currently ranked 12th by market cap, with a total supply of 440,043,419 AVAX and a total trading volume of over $396,250,098 in the last 24 hours. Since its recent pullback at $36.15, AVAX has continued to move downward. Currently, the general cryptocurrency market is bearish. This has led to the price of AVAX dropping below the 100-day Simple Moving Average (SMA) and the price might continue to…

The crypto market is buzzing with activity as enthusiastic investors seek the most promising coins for the next big surge. With a full bull run underway, identifying altcoins that could stand out in 2024 and 2025 is crucial. The following list showcases ten such cryptocurrencies, selected for their potential to deliver significant returns. Each has been analyzed based on recent performance, innovative features, and growing community support, aiming to guide investors through the bustling crypto arena. This guide is designed…

Although XRP experiences difficulties with regulations and market downturns, it expects future economic reports to show promise for growth. As the SEC legal processes draw to a close, Ripple is preparing for strategic launches in Japan. As Ripple’s XRP negotiates choppy seas in 2024, its results have been very different from those of the larger cryptocurrency market. At $0.503, XRP is currently priced down 2.67% in the last 24 hours and 4.75% over the previous week, according to CoinGecko. Analysts…