Ethereum Freedom and Parisian Psychedelia: Reflections on EthCC[5]
Solana’s [SOL] descending channel course finally saw an upwards break over the last week. After closing above the 20 EMA (red) and the 50 EMA (cyan), the buyers depicted their edge in the current structure. The recent reversal from the 61.8% Fibonacci level could see a rebound from the near-term EMAs. A drop below the 50 EMA could delay the likely recovery prospects. At press time, SOL was trading at $41.9175, down by 7.34% in the last 24 hours.
The cryptocurrency market has faced some of the toughest times in the year 2022. However, the market, on the whole, has been showcasing signs of recovery. Bitcoin [BTC], in particular, has been recuperating, although the overall rallying is much slower than anticipated. The same has been highlighted in the latest CoinShares report.
Solana [SOL] NFT investors were among the most profitable investors in the first quarter (Q1) of 2022. According to data from Messari, Solana experienced growth in many aspects at the time. Despite a drop in crypto prices in the second quarter (Q2), Solana remained on top of amassing massive trading volume. Interestingly, the price of SOL, at the time of writing, increased by 37.25% over the last seven days. However, in the previous 24 hours of press time, the layer-1...
As the global cryptocurrency recorded green indexes, the top meme tokens registered most of the gains. Dogecoin (DOGE) and Shiba Inu (SHIB) emerged as one the biggest gainers. The data suggest that this surge is backed by some whale transactions.
Institutional investors have been betting on multiasset investment products and on products offering exposure to Solana ($SOL) and $XRP, while heavily betting on short Bitcoin ($BTC) products. According to data from CoinShares’ Digital Asset Fund Flows report, last week digital asset investment products saw $12 million worth of inflows,...
THORChain [RUNE] is a proof-of-bond network that is operated autonomously by anonymous operators. In a blog post dated 4 February, THORChain informed its users of the network’s intention to deprecate its IOU tokens (BNB.RUNE and ETH.RUNE) after its launch on the mainnet. According to THORChain, the reason for the deprecation was to prevent “3rd party dependencies” (BNB Chain and Ethereum) as it preferred “to manage everything in-house.” Since its launch on the mainnet on 22 June, the network has commenced...
Binance has now firmly established itself over Coinbase and other crypto-exchanges. Binance now holds more Bitcoins than any other crypto-exchange in the world, with the figures for the same expected to only rise. Binance and Coinbase’s fortunes were in stark contrast to one another as the bear market got underway. Binance and its CEO Changpeng Zhao made waves in the cryptocurrency press through a show of force and constant hiring. The CEO of Coinbase, Brian Armstrong, however, raised several concerns. There...
In its latest Adoption Update, Chainlink, the widely used oracle network, informed its users of a series of integrations. These were primarily seen across various chains between 11 July and 17 July. According to the same, Chainlink noted 16 integrations of four of its services across seven different chains. These included Avalanche, BNB Chain, Ethereum, Ethereum Rinkeby testnet, Fantom, Optimism, and Polygon. A cursory glance at the performance of LINK on CoinMarketCap revealed...