Share: Shiba Inu tokens worth nearly $100,000 were burned by the SHIB team on December 23. SHIB team has burnt a total of 33.6 billion Shiba Inu tokens so far, effectively reducing the circulating supply. SHIB price sustained above … [Continue reading]
Solana dethrones BNB, ranks fourth largest cryptocurrency with 100% monthly gains for SOL holders
Share: Solana price rallied nearly 50% in the past week, replacing BNB as the fourth largest asset by market capitalization. SOL outperformed BTC and ETH in trade volume on one of the largest crypto exchanges, Coinbase. SOL price … [Continue reading]
Optimism price could suffer a correction as on-chain metrics turn bearish
Share: Optimism on-chain metrics flashed bearish signals while OP price climbed to $3.61 on Sunday. OP whale transactions coincided with network realized profits, a sign of profit taking by large wallet investors. OP price is likely to … [Continue reading]
Dogecoin price could rally 7% eyes comeback to $0.10 while sentiment among traders remains negative
Share: Dogecoin is likely experiencing an expansion of its network with a steady increase in new DOGE wallet addresses. Rising network activity supports a bullish thesis for DOGE price recovery. Dogecoin price could rally 7%, and … [Continue reading]
Hong Kong regulator gears up to accept crypto Spot ETF applications
Share: The SFC and the Hong Kong Monetary Authority jointly issued a circular informing their readiness to accept crypto spot ETF applications. The Securities Futures Commission is prepared to accept applications for authorization of funds with … [Continue reading]
Ethereum price could crumble under rising selling pressure
Share: Ethereum supply on exchanges increased rapidly in the past three days. ETH token inflow to exchange platforms climbed 62% last week. Ethereum price could face selling pressure from the rising token reserves, pushing ETH … [Continue reading]
Four altcoins most likely to bounce during Christmas holidays: LTC, STORJ, ILV, DYDX
Share: Storj, Illuvium, Litecoin and DYDX note extreme negative sentiment from market participants. Analysts state that increase in negative sentiment is correlated with likelihood of price bounce in altcoins. On-chain metrics support bullish … [Continue reading]
SEC offered to announce XRP is a security, three years ago: Ripple CLO spills the truth
Share: Ripple was offered a settlement by the US SEC three years ago on December 23, according to CLO Stuart Alderoty. The SEC would announce to the market that XRP is a security and the market would be given a short window to “come into … [Continue reading]
Arbitrum price rallies 22% as DAO prepares to vote on EVM Shanghai support proposal
Share: Arbitrum price corrected by 5% in the past few hours after registering a 22.5% increase in the last 24 hours. The development team proposes the ArbOS Version 11 AIP, which would make the chains EVM Shanghai compatible. Earlier this week, the … [Continue reading]
Ripple CEO calls out SEC Chair’s hypocrisy for saying crypto space is non-compliant
Share: XRP price flipped the 50-day EMA into a support line, however, the altcoin is expected to consolidate. SEC Chair Gary Gensler took a jibe at the crypto market on Wednesday, stating there is a lot of noncompliance in the space. Ripple CEO … [Continue reading]