Whales on the Cardano ($ADA) blockchain have been on a buying spree to the point that their holdings have risen by more than 40% so far this year. The whale accumulation comes as developer activity on Cardano, as measured by GitHub commits, surges, along with its decentralized...
The MATIC/USD pair closed red during the weekend, retesting the monthly support of $1.4. Under the influence of a bearish H&S pattern, the sellers tease to breach this support and dump the pair to the $1 mark. However, the coin turned green today, and the lower price rejection candle indicates the bulls have not yet surrendered.
Filecoin (FIL) has vigorously lost most of its value in the last year since its April 2021 high. In the last six months, bulls could barely initiate a sustainable rally and succumbed to the long-term bearish trendline resistance (white, dashed). The alt now aimed to enter into a tight phase in the $18-$20 mark before retesting its critical support and making a trend-commital move. At press time, FIL traded at $18.38, down by 2.37% in the last 24 hours. FIL Daily...
Crypto funds have not been phased by geopolitical risks in the weeks since Russia invaded Ukraine. CoinShares reports that through last week, investors added to their positions in crypto funds.
Leading digital payments platform Wirex, which has over 4.5 million users and allows them to spend dozens of currencies at more than 80 million locations worldwide, has added support for the meme-inspired cryptocurrency Shiba Inu ($SHIB) along with Terra’s $LUNA other tokens. According to an announcement the firm...
Binance is making headlines again, but not thanks to its usual regulatory woes. The crypto exchange giant announced the launch of Bifinity, a payment tech company, and Binance’s “official fiat-to-crypto payments provider.” This admittedly looks like a standard industry update, but in reality, the new company is a huge litmus test for the controversial crypto exchange – and those struggling to regulate it.
Avalanche’s (AVAX) price is advancing on the first day of the fresh trading week. AVAX forms a bullish technical formation at least in the short term as the price respects the critical support around $70.0. Recently, it surged 25% but met with sell-offs near the bearish sloping line resulting in a minor retracement. Avalanche (AVAX) price edges higher on Monday. Expect more gains if the price closes above 50-day EMA at $81.73. AVAX faces multiple rejections near the descending trendline from the...
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