Tue, March 19, 2024

Cryptocurrencies

cryptocurrency - avalanche and others

Avalanche Soars 55% to $61, Highest Since TerraUST Crash

At a Glance: Avalanche (AVAX) witnesses a significant price recovery, soaring to $55.40. A recent spike to over $61 marks its highest point since the May 2022 TerraUST crash. Avalanche’s Layer-1 blockchain offers high throughput and scalability, shaping future blockchain innovation. Showcases a robust 55% growth over the past week amidst a bullish market trend. …

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Cardano (ADA) and its importance

Cardano Dips 9% in a Day, Launches USDM Stablecoin

Quick Look Cardano (ADA) has witnessed a significant price drop of over 9% in the last 24 hours, falling below $0.70. ADA’s trading volume dropped below $1 billion on March 16, signalling a decrease in trading activity and investor sentiment. The launch of USDM stablecoin aims to bring stability and innovation to the Cardano ecosystem. …

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Solana

Solana Hits 25-Month High: Eyes $250 Target

Quick Look Solana (SOL) witnesses a striking 14% increase in 24 hours, reaching a 25-month peak at $173.27. A substantial 51% price surge was observed over 30 days, with forecasts aiming for $250. RSI escalates to 80.50, hinting at potential overbuying amid bullish trends. Introduction of the Israeli Shekel-backed stablecoin, BILS, on SOL spurs optimistic …

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binance coin - BNB

BNB Skyrockets: 14% Daily Surge, 88.46% Monthly

Quick Look Binance Coin’s price surged 14% in the past 24 hours, marking it a top gainer. An impressive 88.46% increase in the last 30 days, with a year-to-date rise of nearly 100%. Technical indicators show a strong bullish trend, predicting potential highs above $700. Analysts forecast a positive trajectory for BNB, potentially setting new …

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Ethereum updates its algorithm to reduce transaction fees - Dencun

Dencun Upgrade Boosts Ethereum: Cheaper, Faster Data

Quick Look Ethereum undergoes the Dencun hard fork on March 13, 2024, introducing proto-danksharding with EIP-4844. Proto-danksharding aims to supercharge layer-2 networks by providing cheaper, more efficient data settlement.  An anticipated significant drop in transaction costs for layer-2 networks, benefiting both users and developers. Follow-up upgrades like Electra + Prague to further improve scalability and …

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Tether

Tether Halts $1.4M Scam; Cooperation With the FBI

Quick Look Tether freezes $1.4m USDT to aid U.S. law enforcement in a tech scam crackdown. Ethereum’s price surges as the Dencun upgrade approaches, promising reduced gas fees. Victims, mainly senior citizens, unknowingly got into transferring funds to protect against fake hacking alerts. Tether’s global cooperation led to freezing 800 million USDT tied to illegal …

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USD, bitcoin and XRP

20% XRP Surge Tops Market; Hits $0.74 High

Quick Look XRP’s (Ripple) price soared over 20% in an afternoon, hitting a peak of $0.74. The cryptocurrency outperformed others in the CoinDesk 20 Index with a 5% increase. Year-to-date, Ripple’s growth is 17%, trailing behind BTC and the overall CD20 index. Significant transactions fueled market speculation, including a 300 million XRP move from Binance. …

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MicroStrategy’s $15B Bitcoin Boost: A Strategic Triumph

Quick Look MicroStrategy’s Bitcoin holdings soar to a valuation of nearly $15 billion with the addition of 12,000 tokens. The firm’s aggressive investment strategy in the first quarter of 2024 surpasses $1 billion in Bitcoin purchases. Bitcoin’s market capitalization crosses $1.4 trillion, ranking it the world’s eighth most valuable asset. Michael Saylor champions Bitcoin over …

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Polkadot

DOT Drops 4.3% to $10.41, Defying Crypto Uptrend

Quick Look Polkadot (DOT) fell by 4.3% to $10.41 on Sunday, contrasting with a 1.6% increase in the broader crypto market. Trading volume for DOT has been lower than average, signalling a potential for price volatility. Despite the drop, Polkadot shows promise with increased adoption and active addresses. Kelexo (KLXO) innovates online lending using blockchain …

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Bitcoin

Bitcoin’s Market Shift: End of Accumulation

Quick Look Bitcoin (BTC) concludes its year-long accumulation phase, signalling potential shifts in market dynamics. Glassnode reports a 2.6% decrease in accumulator balances, marking the first decline since Q1 2023. Recent price actions see BTC hitting all-time highs, followed by a significant sell-off and recovery. The introduction of U.S. spot-bitcoin ETFs in January introduces new …

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MATIC Rises 3.28% to $1.14 Amid Tech Innovations

Quick Look MATIC price increases by 3.28% to $1.14, showcasing moderate volatility. Astar zkEVM launch marks a significant step in Polygon’s multi-chain roadmap. Strategic shifts include focusing on aggregated chains and a 19% staff reduction. Faces competition from Arbitrum and Optimism in the multi-chain ecosystem. Bullish market sentiment, with MATIC trading near key resistance at …

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BODEN

BODEN Skyrockets 4,700% Post-Super Tuesday

Quick Look BODEN token experienced a staggering 4,700% increase, trading at $0.05 from an initial $0.002 post-Super Tuesday. In contrast, the TRUMP token declined despite Donald Trump’s strong Super Tuesday performance. Solana (SOL) showcases robust growth with a 500% increase since October, with recent trading at $129. Dogwifhat token’s significant 48% rise contributes to the …

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binance coin - BNB

Binance Coin: $64B Cap, Poised for $541 by 2024

Quick Look Binance Coin’s current price is $434,91, with a market capitalization of $64 billion. Despite facing regulatory challenges, BNB ranks as the fourth-largest Cryptocurrency. Recent initiatives include workforce optimization and geographic expansion, notably in Dubai. Future predictions suggest a potential price rise to $541 by 2024 amidst ongoing market and regulatory challenges. The recent …

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