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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Filecoin & Stacks Holders Shift to DTX Exchange’s $470,000 Presale Amid Price Decline For 25x ROI
The post Filecoin & Stacks Holders Shift to DTX Exchange’s $470,000 Presale Amid Price Decline For 25x ROI appeared first on Coinpedia Fintech News The crypto market is witnessing notable price declines due to macroeconomic activities, legal scrutiny of various deFi projects, and interest rates. Moreover, many investors have liquidized their assets after a short post-halving surge leading the altcoin industry to a bearish momentum. Amid these trends, Stacks (STX) and Filecoin (FIL) show notable price declines on the chart…
1 year ago
Investors Shift to AI Cryptos After Bitcoin Halving: Why They’re Backing Akash Network, Theta Fuel, and Raboo
The recent Bitcoin halving has ignited a fresh fervor in the crypto market, marking a pivot towards AI cryptos. Among these, Akash Network, Theta Fuel, and Raboo are gaining particular attention for their unique contributions and promising futures. Let's delve into why savvy investors are placing their bets on these AI cryptos. Akash Network (AKT) Akash Network stands out as a top decentralized cloud computing marketplace. Akash Network leverages unused cloud capacities in data centers to offer secure, private, and…
1 year ago
The Decisive Shift in Global Finance: The Unstoppable Rise of Bitcoin in Emerging Markets
In a world constantly evolving through technology, a significant revolution is unfolding in the financial landscapes of emerging economies such as Nigeria and the UAE. The recent findings from Elastos' inaugural BIT Index highlight a pivotal shift: these nations are not just embracing Bitcoin, they are setting new benchmarks for its daily use and trust, far outpacing traditional financial systems. Bitcoin's Stronghold in Nigeria and the UAE According to the BIT Index, a remarkable 23% of Nigerians and 20% of…
1 year ago
Bitcoin’s First Negative Funding Rate of the Year Signals a Shift in Market Sentiment: Is $60,000 or $70,000 Next?
Bitcoin’s funding rate on the futures and derivatives market has dried up, turning negative for the first time this year as the market sentiment seems to shift post-halving. Analysts expect the upside to be capped in the short term and for the spot price to consolidate. Bitcoin’s funding rate has trended lower this year, and in the past week, it dried up, turning negative for the first time since last October as the top crypto battles its cyclic post-halving price…
1 year ago
Crypto Investment Strategies Shift Toward Solana’s Top Competitors
The trend in blockchain investment is pivoting. As the bull run of 2024 gains momentum, investors are turning their attention to several key players that are challenging the status quo. This strategic repositioning by investors highlights a growing interest in platforms poised to rival established protocols like Solana. The focus is now on a group that could redefine market leadership in the blockchain space. This article delves into the reasons behind this shift and examines the contenders rising to prominence.…
1 year ago
Ethereum (ETH) Eyes Resistance Level; Dogecoin (DOGE) Gains Momentum; Investors Shift to this Newly Launched AI Coin
While the week had a rocky start, the bulls have been rising to the occasion, forcing an upswing. Ethereum (ETH), the leading altcoin, is eyeing its key resistance level, preparing for a bounce. At the same time, Dogecoin (DOGE), one of the top altcoins, gains momentum and is set for another bull run. Meanwhile, investors have been casting their nets wider in the quest for 100x gems. At the top of this list is InQubeta (QUBE), a newly-launched AI coin.…
1 year ago
Crypto Expert Predicts A Narrative Shift Post-Bitcoin Halving
Crypto expert Michaël van de Poppe has provided insights into what to expect when the Bitcoin halving occurs on April 19. As part of his analysis, van de Poppe suggested that the attention might shift from Bitcoin once the event occurs. A Narrative Shift To Occur Post-Halving Van de Poppe mentioned in an X (formerly Twitter) post that narratives will change as the halving event approaches but failed to specify what the new narrative will be when this happens. However,…
1 year ago
Bullish For Bitcoin? Important Indicators Shift as Prices Head South
TL;DR Recent market corrections have led to a decrease in enthusiasm among traders, with discussions shifting from a “bull market” to a “bear market” mindset. However, this sentiment could ironically suggest an impending bullish trend. Enthusiasm Goes Down The latest cryptocurrency market correction, which saw Bitcoin (BTC) dipping to a two-month low of $60,000 and Ethereum (ETH) tumbling below $3,000, has affected the general feeling of traders and investors. According to the market intelligence platform Santiment, the phrase “bull market”…
1 year ago
The End of Memecoins? Experienced Whales Signal a Shift to Algotech
In the ever-evolving landscape of cryptocurrency, memecoins have had their moment in the sun. These quirky, often whimsical tokens gained popularity as internet culture collided with blockchain technology. From DogeCoin to MYRO, MEME and FLOKI, memecoins rode the waves of hype, fueled by social media trends and celebrity endorsements. However, seasoned investors and crypto enthusiasts are now signaling a shift away from the memecoin frenzy. The rise of Algotech has captured the attention of those who seek stability and sophistication…
1 year ago