Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital transformation with a shift towards crypto-powered solutions and CBDCs, despite resistance from sector incumbents. In Africa, crypto-enabled payments are enhancing accessibility and affordability, […]
How does the merge between Fetch.ai and the others work? Do they change the name of the token and then throw all the money together and increase the supply? Does this mean because the money is thrown together the price goes up but they will increase the supply accordingly so the price does not change?…
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This regulatory crackdown underscores the SFC’s commitment to fostering a secure and transparent environment for virtual asset trading.
We did it! 🎉 50 days without any slashing incidents! Huge kudos to all diligent validators. Let's keep this momentum going! For tips on preventing slashing, check out our article: everstake.one/blog/what-validators-do-to-prevent-slashing-in-ethereum https://preview.redd.it/gavhi03j5q3d1.png?width=1503&format=png&auto=webp&s=f15871a8647306680b36f1108aec1dd1739a0f61 To add, Everstake has had zero slashing events since Ethereum PoS genesis. Everstake 0.1+ ETH staking solution is a protocol enabling one to…
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Cardano (ADA), the smart contract platform, has been facing a rough patch recently. While the broader DeFi sector has seen an uptick in DEX volumes, Cardano’s Total Value Locked (TVL) has plummeted, raising concerns about the health of its ecosystem. Related Reading: Political Memecoin Mania: Super Trump Token Explodes With 200% Surge DeFi Activity And NFT Market Slump Despite the surge in DEX volumes across the crypto landscape, Cardano’s TVL has witnessed a significant decline, dropping from $430 million to $230 million, according to data from Artemis, a leading blockchain data provider. This suggests a lack of interest in dApps built on the Cardano network, potentially hindering its long-term growth prospects. The NFT space on Cardano has also taken a hit. Popular NFT collections have seen a dramatic decrease in floor price and overall trading volume over the past month. This waning interest in Cardano NFTs could further dampen investor sentiment and negatively impact the price of ADA. Cardano: Technical Indicators Flash Warning Signs The technical outlook for ADA is currently bearish. The price has been trending downwards over the past few weeks, forming multiple lower lows and lower highs. Additionally, key technical indicators like the RSI (Relative Strength Index) and CMF (Chaikin Money Flow) are pointing towards declining bullish momentum and money flow into ADA. Beyond the immediate price and DeFi woes, other factors raise concerns about Cardano’s future. The velocity of ADA, indicating the frequency of token exchange, has fallen significantly, suggesting decreased trading activity. Additionally, the MVRV ratio, a measure of profitability for token holders, has also dropped, implying that most ADA addresses are currently underwater. Cardano Price Forecast While Cardano remains a prominent player in the blockchain space, the recent developments highlight the challenges it faces. The combination of declining price, waning DeFi and NFT activity, and negative on-chain metrics suggests a potential for further downside in the short term. Cardano is expected to experience a modest increase in price, reaching $0.47 by June 30, 2024, indicating a predicted rise of nearly 5%. However, it’s important to consider various technical indicators and market sentiment to assess the potential movement of the asset. Related Reading: Are Whales Sniffing Out A Deal? Ethereum Holdings Balloon To 30% – Details The crypto’s bearish sentiment may be influenced by factors such as market trends, news events, or technical analysis patterns. Additionally, the Fear & Greed Index stands at 73, indicating a state of Greed among market participants. This suggests that investors may be more inclined to take risks or engage in speculative behavior, which could potentially impact Cardano’s price movement. It’s noteworthy that ADA has experienced significant price fluctuations in the past. Its highest price of $3.10 was reached on September 2, 2021, marking its all-time high, while its lowest price of $0.017 was recorded on October 1, 2017, representing its all-time low. These historical price points highlight the volatility and potential for significant price swings within the Cardano market. Featured image from ReddSparks Crypto Blog, chart from TradingView
Robinhood, the popular investment and trading platform, has announced a significant upgrade for its crypto customers in the United States. Users can now leverage Robinhood’s newly introduced Crypto Trading API to view real-time crypto market data, manage their portfolios and account information, and place crypto orders programmatically. “With our new crypto trading API, we’re helping […]
Trust Wallet’s head of engineering, Luis Ocegueda, discusses Barz, an open-source smart wallet solution compatible with ERC-4337.
CryptoQuant CEO Ki Young Ju highlights similarities between Bitcoin whale accumulation in 2024 and mid-2020, suggesting potential bullish trends as high on-chain activity continues despite low price volatility.
PRESS RELEASE. MEW, a cat-themed token on the Solana blockchain, partners with animation studio LOCUS to create a new 3D animated series. MEW is the first worldwide entertainment brand and retail product line started by a memecoin community. LOCUS produces 3D animations and TV series primarily in the Korean market. After raising about $17.5 million […]
