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…
Speculation
Ethereum’s Growing Network: Non-Zero Addresses ATH Sparks Speculation of $4,000 ETH Price
Ethereum price in the monthly time frame closed above the 2022 capitulation level, thus confirming the bulls are in control in the coming quarters. The large-cap altcoin has continued to register increased whale transactions amid the anticipated approval of the spot Ether ETFs in the United States. Ethereum (ETH), the undisputed leader in the web3 sector, is on the cusp of a major bullish uproar in the near term after registering a monthly close above $3,500 for the first time…
1 year ago
Polkadot 2.0: DeFi Game-Changer or Overhyped Speculation? DOT Braces for a Potential Rally
Polkadot community is gearing up for the entire protocol upgrade to Polkadot 2.0. These fundamental and other positive trends in the Polkadot ecosystem present good boosts for DOT price. In anticipation of the impending launch of Polkadot 2.0, speculations is high on whether the update would be a game changer for Decentralized Finance (DeFi) or if it is just overhyped. These discussions follow a potential rally for Polkadot’s native cryptocurrency, DOT. Polkadot 2.0 Update Polkadot is a leading layer zero…
1 year ago
6 Main Factors Responsible for Cryptocurrency Volatility
The volatile nature of cryptocurrency makes it a great investment opportunity. When correctly harnessed, cryptocurrency investments can be very profitable. However, there is a wide variety of cryptocurrencies in the market, and some are more volatile than others. The more volatile it is, the higher the investment risk. The risks and uncertainty brought about by this volatility constitute a significant setback as it makes some people hesitant to embrace cryptocurrencies. Moreover, this constant shift in price and value also makes…
5 years ago