The non-fungible token (NFT) market is witnessing a noteworthy shift, with Cardano’s NFT floor price index currently standing at 22% higher than Ethereum’s as per data shared by Stocktwits NFTs. This comparison, based on the 7-day charts, reveals a growing interest in Cardano as a platform for NFT trading, although Ethereum has been historically dominant […]
Category Archives: Solana (SOL)
Bitcoin, the world’s foremost cryptocurrency, seems to be hinting at a potential resurgence after suffering a notable 10% crash last week. According to the post from renowned Glassnode co-founder Yann Allemann, the digital currency has initiated the week with some early signs of recovery, as its price climbed from a recent support level of $24.8k. Currently […]
The Bitcoin hashprice has plunged to an all-time low, according to Checkmate, one of the key analysts at Glassnode, Hashprice essentially reflects the reward per hash for miners, or the amount they earn for validating transactions. Analysts have pointed out that this reward has never dipped this low in both Bitcoin (BTC) and US Dollar (USD) […]
Bitcoin, the largest digital asset by market capitalization, could be on the cusp of another major drop. With the flagship cryptocurrency recently extending its losses and marking its worst performance since November 2022, analysts and investors are closely monitoring key levels of support and resistance. A recent observation from cryptocurrency analyst Ali, known as @ali_charts […]
Bitcoin (BTC), the world’s most renowned digital currency, has managed to stay above a critical support zone. Traider Jake Wujastyk highlighted on the X social media platform that Bitcoin continues to hold its position above the November 2022 Volume Weighted Average Price (VWAP) zone, which stands at $25,157. Image by @Jake__Wujastyk This cautiously bullish sentiment […]
According to Mikołaj Zakrzowski, a leading Web3 analyst at cryptocurrency analytics firm Cryptoquant, the current market conditions are leaning in favor of the bears. The analyst pointed to the fact that the sell volume from Bitcoin takers substantially overshadows the buy volume. This sort of market setup has previously proven unfavorable for the flagship digital currency. […]
The Bitcoin ecosystem is witnessing significant shifts in the movement and storage of its coins. Glassnode, a prominent crypto analytics firm, reported that the balance of Bitcoin on exchanges has plummeted to a 5-year low of 2.27 million BTC. To put this into context, the previous record was observed just a day earlier, on Aug. […]
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Ethereum advocate Evan Van Ness recently took to X to point to the fact that Base, a recently launched Layer 2 (L2) chain, has already surpassed Cardano in terms of Total Value Locked (TVL). Van Ness contemptuously referred to Cardano as a “zombie chain,” pointing to data from DeFiLlama which shows Cardano ranks only 14th […]
In a keynote address at the Rare Evo conference, Charles Hoskinson, the CEO of IOG, made the audacious prediction that Cardano (ADA) will overtake Bitcoin and Ethereum to become the world’s largest cryptocurrency. Currently, Cardano sits as the eighth-largest cryptocurrency with a market capitalization of approximately $9.16 billion, far behind Bitcoin’s $506 billion and Ethereum’s […]