Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polygon [MATIC] registered an uptick in its value when it reached nearly $5.5 two days back. However, it fell back to its previous level quickly. At press time, MATIC was trading at $0.5242. Read
Bitcoin (BTC) stuck to $26,500 into the Sept. 24 weekly close as exchange trader accumulation continued. BTC/USD 1-hour chart. Source: TradingView Analysis: BTC price “not ready to make a move” Data from Cointelegraph Markets Pro and TradingView showed BTC price stability holding firm over the weekend. Bitcoin had delivered a cool end to the Wall
Earlier this month, Base’s TVL crossed above that of the Solana network. Solana was still moving forward despite the weak TVL performance. Coinbase’s Base network has been growing at a rapid pace since its launch. The fact that it is an Ethereum [ETH] layer 2 network may partly explain the initial growth but there is
DOGE ranked as the memecoin with the most social activity during the weekend. However, its price remains consolidated within a tight range. Dogecoin [DOGE] has led the way in memecoin hype this weekend, but this has yet to translate into any positive movements for its price. Although ranked as the fifth most-discussed crypto asset according
The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider was what led to its website’s front end being compromised on Sept. 19, leading to an estimated $238,000 in crypto stolen. “After investigation, it is clear that this was a social engineering attack on EuroDNS, the
Himalay Patel Journalist Posted: September 24, 2023 Share this article Amidst the L2 competition, Arbitrum regained momentum with surging on-chain activity. ARB’s price rose but network metrics fell. In a period when Optimism [OP] and Base have been hogging the Layer 2 (L2) spotlight, Arbitrum[ARB] staged a remarkable comeback in terms of activity and interest.
BTC’s market capitalization was over 49% and could hit 50% soon. BTC was trading at around $26,500 with a less than 1% price decline. Bitcoin [BTC] earned its nickname “king coin” for a good reason, and its dominance in the realm of cryptocurrencies was a key factor. New data indicated that its dominance could be
Dubai is a magnificent city to live and work in. But how can someone buy Bitcoin in Dubai? Is it legal to buy Bitcoin in Dubai? Is Dubai crypto-friendly? Here’s a quick guide with the answers. The great news is that, yes, buying Bitcoin (BTC) in the United Arab Emirates is permitted, and the country
According to Henley & Partners’ 2023 Crypto Wealth Report, around 500 million people have made cryptocurrency investments globally, yet just 22 people—a very small percentage—have acquired assets worth more than $1 billion. According to the survey, as of June 30th, there were about 210 million Bitcoin investors worldwide, and a larger number of 425 million
Benjamin Njiri Journalist Posted: September 24, 2023 Share this article Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. DOT formed a new 2023 low of $3.908 at press time. The long-term price trend was firmly bearish. Sellers have overwhelmed Polkadot’s [DOT] in
A crypto wallet belonging to trading platform Binance has spent 530 Ether (ETH), worth around $843,797, in gas fees in just 24 hours, according to blockchain data explorer Etherscan. On Sept. 21, gas fees on the Ethereum network went from a minimum of 6 gwei, which is around $0.17, up to a maximum of 332
Aniket Verma Journalist Posted: September 24, 2023 Share this article Lending protocol Aave and RWA project Ondo Finance boosted Ethereum’s TVL. Solana made decent gains, while layer-2 chain Base struggled. The past week proved to be a fruitful month for Web3 liquidity as the total value locked (TVL) across major networks and projects witnessed a
Ethereum layer-2 scaling solution Optimism has disclosed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes. At current prices, the sale will see $159 million worth of OP tokens change hands. Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as a heads up
Total transactions completed on Uniswap have exceeded 200 million. The year has, however, been marked by a decline in monthly trade volume for the decentralized exchange. The cumulative count of transactions completed on leading decentralized exchange Uniswap [UNI] since it launched in 2018 has surpassed 200 million. However, despite this notable achievement, the year has
A ranking of top coins placed Aave at the top of the social activity ranking. AAVE has been trending upward for almost two weeks. A recent data analysis that assessed social activities across the internet has positioned Aave [AAVE] at the top of the rankings. Given this latest ranking, what is the current status of
A technical analysis tool called Bollinger Bands uses price volatility to provide probable entry and exit opportunities in trading. They are made up of two outer bands or lines and a centerline (the simple moving average for a 20-day period), which enlarges and contracts in response to changes in price. For thorough market analysis, they
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