Category: Cryptocurrency News

Casper (CSPR) has been making significant strides in the cryptocurrency market, attracting attention with its aim to accelerate enterprise and developer adoption of blockchain technology. As a live proof-of-stake blockchain built off the Casper CBC specification, Casper offers unique features and growth potential, drawing interest from investors and enthusiasts alike. In the past week, there has been a significant upturn in its on-chain volume. Casper has experienced a substantial price surge in the past 24 hours, with its value increasing by 4.62%. This surge has created excitement among investors, especially as the cryptocurrency has displayed steady growth over the past 7 days, gaining an impressive 14.58%. The positive price movement has generated enthusiasm and optimism among Casper investors, who are pleased with their returns during this period. As of the latest data, Casper (CSPR) is ranked 84th among all cryptocurrencies, with a current price of $0.04035. The circulating supply of Casper stands at 11,202,499,993, contributing to a total market capitalization of $456,309,769. The cryptocurrency’s recent performance has been particularly noteworthy, showcasing impressive short- and long-term growth. Collaboration With INX Boosts Market Sentiment A contributing factor to Casper’s recent growth can be attributed to its strategic partnership with INX, a United States-regulated broker-dealer. Casper’s equity was tokenized and listed through this collaboration, enhancing investor confidence and further supporting the cryptocurrency’s upward trajectory. This strategic move has enabled Casper to tap into new markets and expand its reach to a broader audience. Related Reading: Cardano (ADA) Price Remains Muted Despite Significant Milestones, Why? Casper’s price surge aligns with the optimistic market sentiment toward cryptocurrencies. The growing interest from institutional investors and the increasing mainstream adoption of digital assets has instilled confidence in crypto. Additionally, influential figures within the blockchain industry have shared positive views on cryptocurrencies, including Casper, contributing to the overall positive outlook. Casper (CSPR) Price Analysis Casper has experienced a consistent upward trend in July after it bottomed at $0.0365. Since then, its price has increased by 30% and has hit heights of $0.0405. This positive trend is likely to continue in the coming weeks with more developments expected to be deployed on Casper. From a technical analysis standpoint, Casper exhibits promising signals. The daily chart reveals the formation of a bullish falling wedge pattern, indicating a potential trend reversal. CSPR has also surpassed the 25-day exponential moving average and is currently testing the 50-day MA. If the bullish trend continues the next resistance point is $0.40 while a bearish downturn will see the support at $0.0397. Related Reading: Why Worldcoin (WLD) And PEPE Dominate The Crypto Market Trends This Week As Casper continues to gain visibility and traction in the market, its future growth potential remains promising. The cryptocurrency’s underlying technology, including its proof-of-stake consensus mechanism, offers scalability, security, and energy efficiency. These features position Casper as an attractive enterprise adoption and long-term development candidate.  (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock, chart from TradingView

Hester Pierce, commissioner of the United States Securities and Exchange argued that full transparency should not come at the cost of compromising good-faith efforts.

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Despite a favorable ruling as a non-security token, XRP had experienced a correction for over a week and a half, losing bullish momentum after reaching a yearly high of $0.94. It is trading above the $0.70 mark, with the $0.66 level acting as a support. Related Reading: Stanford MBA Explains Why Next Bitcoin Cycle Could Be “Bigger” Over the past 24 hours, XRP has exhibited sideways trading yet shows potential signs of price appreciation. The technical analysis indicates a leaning toward bullish sentiment, with positive buying strength, demand, and accumulation. Even though the emergence of a pattern suggesting further bullishness is possible, it remains critical for XRP to maintain support at $0.66 and $0.56 levels. Additionally, breaking through critical resistance levels is essential for the bulls to retain market control. Encouragingly, the altcoin’s market capitalization has increased, signaling a positive development for the altcoin. XRP Price Analysis: One-Day Chart When writing, the altcoin XRP was trading at $0.71. The XRP price chart shows the formation of a bullish reversal pattern known as a cup and handle. Despite this positive pattern, the coin’s true bullish potential will be determined by its ability to surpass two significant resistance levels at $0.76 and $0.84, respectively. It’s worth noting that after reaching a yearly high of $0.94, XRP encountered resistance at $0.84 twice. On the downside, if there is a decline from the current price level, XRP may find support at $0.66 and then at $0.56. Technical Analysis In recent trading sessions, the buying strength of the altcoin has shown consistency. The Relative Strength Index (RSI) has held steady around the 60-mark over the past few weeks, indicating buyers have maintained control of the price action. This positive signal suggests that the coin will attract more buyers if the price remains above the $0.66 level. Moreover, the price of XRP has remained above the 20-Simple Moving Average (SMA) line, indicating buoyant demand and confirming that buyers are actively driving the price momentum in the market. With the surge in purchasing power, the altcoin exhibits a decline in sell signals. The Moving Average Convergence Divergence (MACD) reflects changes in price momentum. Related Reading: Here’s How Crypto Offers A Lifeline For This Bahamian Payment Company Red signal bars appear below the half-line, indicating decreased sell signals. Meanwhile, the Bollinger Bands suggest a likelihood of price volatility and fluctuations in the upcoming trading sessions. The considerable widening of the bands indicates the potential for significant price fluctuation shortly. Featured image from UnSplash, charts from TradingView.com

Listen up. I messed up. Seriously. My negligence ended up costing me $165k in Ethereum, and a bit of MATIC. Here's what happened. Earlier today, I had a significant deposit of ETH enter my digital wallet. Barely 8 minutes later, it was gone. The transaction ID? 0x094f01f9174845200e6324bf18a242e0b19ce7f058a4cb928144d22df8313bcc. Destination? A new wallet, 0x4b9e0ddabad6dff604db3d827f5fa7e1c6952aa8. I know what…
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Cardano (ADA) has been at the forefront of network development over the last few months. This continued commitment to further development on the blockchain has led to the network hitting multiple new milestones. However, the price of ADA has remained stagnant, so what’s going on? Latest Achievements For Cardano The year 2023 has been a good year for the Cardano network so far as it has celebrated multiple achievements during this time. The first of these is the fact that the Cardano network has recorded one of the longest uptimes of any blockchain in the space. Related Reading: Dogecoin Falls While Others Rally, Is It Decoupling From The Market? Cardano has recorded a continuous uptime record of 2,131 days as of July 28, which means that the network has not had an outage in almost six years. This achievement points to the sound technology behind the blockchain, in comparison to competitors such as Solana which has been characterized by multiple outages since its launch. Cardano has a current UPTIME of 2129 days exactly. That’s 5.83 YEARS with NO downtime. Built to last, an uptime the largest service providers in the world cannot & will never come close to challenging. Research Wins. We are Cardano. Choose Cardano. 🙌👏@IOHK_Charles @Cardano… — Dave 🧑‍🚀💽 🐋 (@beaumont_dvd) July 26, 2023 Another achievement for the network has the consistent development taking place. Cardano has consistently ranked among the top 3 ecosystems when it comes to development and this time around has been no different. ADA price trending at $0.31 | Source: ADAUSD on TradingView.com According to data from the on-chain tracker Santiment, the network is number 3 on the list of assets with the most developments over the last 30 days. This puts it behind only Polkadot (DOT) and Kusama Network (KSM), both of which emerged 1st and 2nd, respectively. This placement also puts Cardano ahead of its largest competitor Ethereum in terms of development. 🧑‍💻 Top 10 #crypto assets by development activity: notable #github commits, past 30 days: T1 @Polkadot $DOT T1 @kusamanetwork $KSM 3 @Cardano $ADA 4 @dfinity $ICP 5 @hedera $HBAR 6 @vegaprotocol $VEGA 7 @ethstatus $SNT 8 @cosmos $ATOM 9 @Ethereum $ETH 10 @decentraland $MANA pic.twitter.com/SnWDQf5a3y — Santiment (@santimentfeed) July 27, 2023 But Why Is ADA Not Reflecting The Achievements? Usually, when a network such as Cardano is recording such achievements as it has, it is reflected in the price of its native in the form of a rally. However, there has been no such performance from ADA. Rather, the altcoin has been shedding its gains since June. The problem may not be from ADA and might stem from the fact that the crypto market just reverted into another bear market trend. As a result, the broader market has been following the movement of Bitcoin, which on its own has reversed toward the low $29,000s. Related Reading: Bitcoin Pre-Halving Patterns Suggest Bull Market Is Not Starting In 2023 Given Cardano’s developments, if the market were to resume its rally, then ADA may emerge as one of the top performers. This would stem from the positive sentiment surrounding the token due to its significant achievements. Meanwhile, ADA is still performing well on a broader scale. At its current price, the digital asset’s price is up over 40% from its June lows, and ADA holding a good chunk of these gains shows that demand is rising to meet supply, thereby steadying the price. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com