The price of $XRP, the native token of the XRP Ledger, has surged after reports revealed that both Ripple and the U.S. Securities and Exchange Commission (SEC) are looking for a ruling in their long-running legal battle through a so-called summary judgment. According to available data, the price...
On Wednesday (September 21), as global markets nervously wait for the conclusion of this month’s meeting of the Federal Open Market Committee (FOMC), most non-stablecoin top 20 cryptoassets are in the red, but $ADA is not one of those. Currently (i.e. as of 10:10 a.m. UTC on September 21), according...
Recently, James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, talked about $SOL, the native token of the Solana blockchain, and explained how he had arrived at his price target for $SOL. Here is how Coinbase described Solana in a blog post published on 29 June 2022: “Solana is...
Institutional investors have moved their funds away from cryptocurrency investment products offering exposure to the second-largest cryptocurrency by market capitalization, Ethereum ($ETH), and instead are betting on Bitcoin ($BTC), Solana ($SOL), and products offering exposure to multiple cryptoassets. According to CoinShares’ Digital Asset Fund Flows report, digital asset investment products...
The current bear market cycle is unique in the way that the negative price sentiment persisted for the longest. After Bitcoin reaching a high of $69,000 last year, the top cryptocurrency has been on a freefall since January 2021. BTC went as low as $17,000 mid-year, which means long term investors suffered a maximum unrealized loss of 75% from the all time high. The net unrealized profit or loss (NUPL) is a key metric to gauge the total effective...
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