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…
Rally
Helium (HNT) Rockets In Value With 41% Rally – Here’s Why
Some altcoins today are seeing a strong and consistent bullish attitude with their traders, and Helium is one of those. The latest market data shows that the token is up nearly 41% since last week. This is largely sustained by continuing efforts to make the network robust and usable in everyday life. Its entry into the telecommunication industry also helped carry this momentum in the long run. Helium: Mobilizing Userbase Helium’s mobile arm is the reason why HNT is at…
11 months ago
XRP Rally To $0.6360 Subsides As Price Faces New Decline
In recent trading activities, XRP has taken a significant hit in its latest attempt to rally toward its previous high of $0.6360. Despite initial bullish momentum suggesting a potential breakout, XRP could not sustain its upward trajectory. The failure to reach the anticipated target has led to a notable decline in value, raising concerns among traders and analysts about the short-term outlook for XRP. As XRP struggles with these hurdles, this article seeks to analyze its current price movement and…
11 months ago
Top 3 Altcoins Poised For 10x Rally With Ethereum ETF Launch Today
The post Top 3 Altcoins Poised For 10x Rally With Ethereum ETF Launch Today appeared first on Coinpedia Fintech News The SEC officially green-lights the Ethereum ETF applications to begin trading on 23rd July 2024. A historic day for the altcoins and the crypto industry to increase the adoption of Ethereum and, in turn, the demand for $ETH. While the ETH price will likely rise with the hype before the ETF trading, the bull run depends on net flows. A…
11 months ago
XRP Price Poised for More Upsides: Will the Rally Continue?
XRP price is showing positive signs above the $0.5880 zone. The price could accelerate higher if there is a clear move above the $0.6240 resistance. XRP price started a fresh increase above the $0.5880 zone. The price is now trading above $0.600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it…
11 months ago
Don’t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting
The crypto market is again all shades of green, with Bitcoin and altcoins enjoying significant rallies. Crypto analyst Capo of Crypto has provided further optimism, suggesting that these tokens will still make more massive moves to the upside. “The Best Is Yet To Come” For Bitcoin Capo of Crypto opined in an X (formerly Twitter) post that the “best is yet to come” for Bitcoin and altcoins. He noted that Bitcoin is pumping, having reclaimed the $60,000 range as support.…
11 months ago
Terra Classic Poised For 280% Rally On ‘Major Recovery Strength’ – Analyst
Terra Classic (USTC) has made headlines with a 17% price increase. Trading and expert attention is currently on the token’s quick ascent. People assume a significant positive divergence caused the bullish momentum. Respected crypto expert Javon Marks has shown his positive view of Terra Classic. Marks posted recently on X expressing his opinion that the token may see a significant rise and estimating a target price of $0.08097. Should this optimistic projection materialize, the rise from the existing price would…
11 months ago
Solana Leads Crypto Rally As Expectations For A Break Above $200 Grow
Solana has recently captured the attention of market participants with a remarkable surge to $175, stunning investors and analysts alike. Solana is currently up 40% from its lowest point of $123 this month. The cryptocurrency’s strong upward momentum has reignited optimism among traders and investors, who are now eagerly anticipating a potential breakthrough above the $200 mark in the coming week. Traders have also noted the formation of a bullish pennant formation on the SOL price chart, which reaffirms the…
11 months ago
Polkadot (DOT) Poised For Rally? Analyst Predicts $9.00 Breakout
Resilient and showing great upward momentum is Polkadot (DOT), the blockchain network noted for its emphasis on interoperability. Polkadot has maintained its ground at the $6.30 support level thus far, indicating a solid basis for next developments. DOT saw a little increase of 1.6% during the previous week, which experts think may be the forerunner to a much more significant upswing. Both experts and investors have drawn attention to this favorable situation, which will help Polkadot to have a possibly…
11 months ago
AVAX Brushes Off Bearish Pressure With 11% Rally – Details
AVAX continues to rush forward to greater heights with the token reaching $28.74 since last week. This has been the biggest push by the bulls, influenced by the growing market confidence fueled by Bitcoin’s rally to $60k. Avalanche’s dev team is also hard at work with multiple on-chain news supporting this most recent price action. AVAX Gaming Grows With More Projects Although the gaming side of crypto is still relatively small, platforms like Avalanche provide developers with a stable and…
11 months ago