Solana Labs co-founder took a friendly angle at Ethereum volumes after Sol DEX hit the $50 billion trading mark. According to data released on Saturday Sol DEX volumes stood neck to neck with Ethereum DEX as a surge in trading has spurred volume. This comes on the back of the recent trend of the cryptocurrency market’s considerable expansion.SOL DEX Volumes Stand at Record HighThe volume of the Solana (SOL) blockchain DEX is at an all-time high right now. This increase is consistent with the recent trend of the cryptocurrency market’s considerable expansion over a brief period. The surge also came…
Author: Web3 Daily Press Staff
In preparation for the impending halving event in the Bitcoin blockchain, approximately 6,000 aging Bitcoin mining machines currently operating in the United States are slated for relocation. These machines are set to be idled and subsequently transported to a warehouse facility situated in Colorado Springs. This strategic move aims to facilitate the refurbishment and resale of these older mining machines.Spearheading this operation is SunnySide Digital, a prominent wholesaler in the cryptocurrency mining industry. Anticipating a substantial influx of equipment, SunnySide Digital is gearing up to handle several hundred-thousand machines in the run-up to the halving event, scheduled to occur later…
LTC was down by 2% in the last 24 hours. Market indicators suggest a further price drop. Litecoin [LTC] had a few harsh months as it kept losing its market capitalization by a large margin. However, the coin broke above a pattern that hinted at a bull rally. Therefore, AMBCrypto planned to take a look at its metrics to find out whether investors should expect a bull rally. Litecoin to begin a bull rally soon? According to CoinMarketCap, Litecoin’s price dropped by more than 2% in the last 24 hours alone. At the time of writing, LTC was trading at…
Shiba Inu, a dog-based meme cryptocurrency, recently echoed a sense of bustle across the cryptocurrency landscape. With its price showcasing an upward momentum while writing, coupled with Shiba Inu L2 Shibarium’s scaling of new heights, the meme coin curated waves throughout the broader cryptocurrency market today.Following substantial price corrections witnessed by Shiba Inu recently, this jump promptly nabbed significant investor attention. Meanwhile, the Shibarium TVL’s colossal rise appears to be primarily attributed to WoofSwap’s recently unveiled DAMN token.Shibarium TVL Hits ZenithAccording to the insights revealed by DeFi Llama, Shibarium’s TVL hit $3.38 million today, coming as a monumental milestone for…
Despite VeChain (VET) not performing as admirably as expected in this bull run, analytical resources have projected a timeline for a possible price run of $10. VeChain has been one of the major beneficiaries of the market run, having rallied 154% since September 2023. However, VET has not reclaimed some pivotal price targets envisioned by investors and market analysts alike. For instance, despite the ongoing bull market, VET is still a 590% upsurge away from recovering its previous all-time high of $0.2798. VET has also failed to reclaim the $0.1 price territory since it collapsed below it in December 2021…
Tether USDt receives an average long-term technical score of 51 from InvestorsObserver’s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. USDT currently holds a superior long-term technical analysis score than 51% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help…
The U.S. Department of Justice unsealed an indictment charging SafeMoon executives Braden John Karony, Kyle Nagy, and Thomas Smith with conspiracy to commit securities fraud, conspiracy to commit wire fraud and money laundering. Prosecutors said Karony was arrested in Provo, Utah, and Smith was arrested in Bethlehem, New Hampshire, and Nagy remains at large. The news comes the same day that the Securities and Exchange Commission filed civil charges against SafeMoon and its executives for a “massive fraudulent scheme” that cost investors billions. SafeMoon was launched in March 2021 and caught on with investors for giving half the proceeds from…
🔊 Echoing Final Call: Tokens Nearly Sold Out 🔊 Since crypto staking hit the shores of crypto land, its prevalence within the industry has only increased over the years. Crypto staking allows investors to earn passive income on their holdings by locking them up for a predetermined period to support the operations of a blockchain network. This process contributes to the security and validation of transactions within the network, offering investors a compelling alternative to traditional investment strategies. This article will discuss three essential projects operating within the staking space: Polkadot (DOT), Helium (HNT), and the rising star Scorpion…
NFT Sales Tumble 18.57% in 7 Days Amid Broad Crypto Market Retreat – Markets and Prices Bitcoin News Bitcoin.com News This news is republished from another source. You can check the original article here
Dogecoin receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is giving Dogecoin a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Dogecoin! This news is republished from…