Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from the stablecoin market, stablecoins themselves represented 9.35% …
Continue reading “Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation”
After a prominent rise last year, 2022 has not been too kind to the top meme coin asset dogecoin. Currently, the father of the meme coin economy, dogecoin, has lost 91% in value since the crypto asset’s all-time high. Despite the drop, dogecoin is still a top ten contender among the largest crypto market valuations …
This week, entrepreneur and activist Kim Dotcom said the “U.S. is beyond bankrupt,” and minced no words about a potential “controlled demolition of global markets.” Meanwhile, American economists are interested in the ruble’s strong performance in spite of sanctions against Russia, a new book emerges claiming to tell the “Real Story Behind Mysterious Bitcoin Creator …
FTX (FTT) Price Prediction – June 12The FTX Token trends northward at an upper range after a long declination of valuation against the US American currency. The crypto’s all-time high is at $85.02 to keep a -67.61%. And its all-time low is at $0.8313, maintaining a positive percentage rate of 3212.45. The return on investment …
Continue reading “FTX Token Price Prediction: FTT Trends Northward at an Upper Range”
Payments giant American Express is reportedly going to launch its first ever credit card that offers crypto rewards. According to a new report by Forbes, the financial titan is teaming up with crypto wealth management platform Abra to launch a credit card that would allow users to earn crypto rewards on any purchase category or …
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Closely followed crypto analyst Benjamin Cowen says Cardano (ADA) looks poised for a late June rally under one key condition. In a new strategy session, Cowen tells his 749,000 YouTube subscribers that based on Cardano’s history, ADA is likely due for a relief rally up to what he calls the bull market support band, which …
Gathering significant consensus within the community is the first step of the process. Sometimes, even the most valuable proposals can take years before they are approved or rejected because the community can’t find an agreement. Once a BIP is submitted as a draft to the BIP GitHub, the proposal gets reviewed and worked on transparently …
Continue reading “What are Bitcoin improvement proposals (BIPs), and how do they work?”
Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI). This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it. Note, you can push …
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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Alex Wilson, co-founder of The Giving Block — a crypto donation solution that provides an ecosystem for nonprofits and …
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Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst likens risk asset ‘pump’ to 1929 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $27,150 on its sixth straight day of downside. With hours to go …
Continue reading “Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% loss”
XRP/USD price action appears to consolidate over a longer time frame. However, looking at shorter time frames some interesting move seems to be brewing up. XRP Price Data: XRP Current Price: $0.3488 XRP Market Cap: $16.7 Billion Circulating Supply: 48.8 Billion Total Supply: 99.99 Billion Rank: 8 Key Levels: Resistance: $0.409, $0.411, $0.415 Support: $0.340, …
Continue reading “Ripple Price Prediction for June 11: XRP/USD Might Range Under $0.400 Price Level”
Summary: Ethereum’s 24-hour liquidations at $140 million have topped the list exceeding Bitcoin’s. Ethereum has been hit by a sell-off that has seen the value of ETH drop to as low as $1,473. The selling of ETH could be attributed to anxiety linked to the depegging of stETH on the various decentralized platforms such as …
DOT price is sliding downwards in a narrow Price channel of about $5.85 – $9.43. However, this move started in May and generally continued till now. DOT Price Data: DOT Current Price: $7.75 DOT Market Cap: 7.6 Billion Total Supply: — Rank: 11 Key Levels: Support: $6.29, $8.29, $8.57 Resistance: $8.91, $9.34, $9.44 Looking at …
Hundreds of thousands of crypto traders are getting their positions liquidated as Ethereum (ETH) and the rest of the digital asset markets witness another large sell-off event. Data from cryptocurrency futures trading and information site Coinglass shows that more than $521 million worth of crypto positions have been obliterated in the last 24 hours. Traders …
Gordon Goner, the pseudonymous co-founder of Yuga Labs, issued a warning about a possible incoming attack on their social media accounts under the Yuga Labs umbrella after receiving “credible information” that an insider from Twitter would help bypass the security of the accounts. Yuga Labs, home to some of the most popular nonfungible tokens (NFTs), …
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