TL;DR Cardano’s ADA surpassed Bitcoin (BTC) and Ethereum (ETH) in one key metric. Despite a recent 20% price drop, analysts predict a bullish future for ADA, including a potential “parabolic” spike to $10. According to IntoTheBlock, Cardano’s ADA is currently the top cryptocurrency by development activity. It also enjoys the highest amount of weekly engagements. Leading cryptocurrencies, such as Ethereum (ETH) and Bitcoin (BTC), were placed second and fifth, respectively. Avalanche (AVAX) is third, while the fourth place belongs to Litecoin (LTC). This is not the first time ADA has surpassed its rivals in that field. As CryptoPotato reported in January, the asset…
Author: Web3 Daily Press Staff
Bitcoin Cash (BCH) is marking a significant drawdown after crossing the $500 mark earlier this month. The single-day correction has crossed 10%. However, this move from the investors suggests that a price crash may not be the only move for BCH. What else could happen? Bitcoin Cash Price Has a Shot at Recovery Bitcoin Cash’s price is below the $400 mark after falling by nearly 10% in a single day. Interestingly, this is the opposite of the expected outcome based on the indicators. Investors buying an asset is generally considered to be a positive sign, which BCH whales have been…
Valeria Blokhina U.Today’s news digest keeps you informed of the latest events in the crypto industry, check it out! Read U.TODAY on Google News Here are the three top new stories presented to you by U.Today.Former Binance CEO CZ teasing new projectIn a recent X post, Changpeng Zhao (widely known as CZ), former CEO of Binance exchange, announced the launch of a new project. From the bits of information shared in the post, CZ’s followers learned that the project will not be related to any token launch but will serve educational purposes. Finishing his post, Zhao promised to keep the community updated…
Ethereum (ETH-USD) is navigating a transformative period marked by potential regulatory shifts (such as ETFs), significant network upgrades, and evolving decentralized finance (DeFi) landscapes. These developments collectively shape its ecosystem and market dynamics, re-emphasizing Ethereum’s significant role in the broader cryptocurrency market. Discourse Surrounding the Approval of Ethereum ETFs Is Intensifying The discourse surrounding the approval of Ethereum ETFs in the United States is intensifying, with major financial entities like BlackRock (NYSE:BRK), Grayscale (OTC:ETHE), and Fidelity among those vying for a regulatory nod. Unlike the relatively straightforward path Bitcoin ETFs encountered (well, as straightforward as you could get with crypto),…
The notorious phrase from 1996’s “Jerry Maguire” movie is on the lips of investors watching the state of the Bitcoin mining market as it faces its next crunch point: April’s Bitcoin Halving.Mining, an integral part of securing the bitcoin network, requires a lot of capital to operate profitably. And now, after a brutal crypto winter and with the upcoming halving next month, many investors have turned sour on what once was an outrageously profitable business, drying up capital for the miners.To bring investors back and keep them on-board, miners will need to upgrade to more efficient mining machines, cut costs,…
Shares of MicroStrategy slid on Tuesday after the company purchased even more bitcoin.The company bought an additional 9,245 bitcoins for about $623 million, according to a filing with the U.S. Securities and Exchange Commission.MicroStrategy used the net proceeds from a private offering of convertible senior notes and excess cash to make this purchase.CostFoto | Nurphoto | Getty ImagesShares of MicroStrategy tumbled on Tuesday alongside the price of bitcoin, as the company bought even more of the cryptocurrency.The stock was last lower by 12%. Earlier, it fell as much as 18%.The move came as MicroStrategy bought an additional 9,245 bitcoins for…
Litecoin (LTC), Low Volatility but Falling Tuesday: Is it Time to Cash Out? InvestorsObserver This news is republished from another source. You can check the original article here
The never-ending discussions on Dogecoin vs Shiba Inu are disrupted by the arrival of the latest crypto trend – BlockDAG coin. All three crypto coins present a fascinating study of contrasting investment strategies and their potential impacts on the crypto landscape. This article explores these projects, emphasizing BlockDAG’s mindblowing approach to realising 5000x profits and its implications for the future of cryptocurrency investments, analysing the top crypto to invest in. Dogecoin: More than just a Meme Coin Dogecoin, often central in the Dogecoin vs Shiba Inu comparison, is perceived uniquely due to its unlimited supply. Dogecoin serves more as a…
VeChain (VET), a leading blockchain platform focused on enterprise adoption and supply chain management, has been making waves in the crypto market as it breaks out of a lengthy consolidation phase. The altcoin has experienced significant growth over the past year, with a 97% price advance despite a recent correction that saw a 7% drop in the last 24 hours. TLDR VeChain (VET) has seen a significant price increase in recent months, breaking out of a lengthy consolidation phase. The altcoin has experienced a 97% price advance over the last year, despite a recent correction that saw a 7% drop…
Last updated: March 19, 2024 08:49 EDT | 2 min read OKX has discontinued support for cryptocurrency trading pairs involving Tether’s USDT stablecoin for users based in the European Union (EU) and the European Economic Area (EEA).Starting Monday, OKX’s platform restricted spot crypto trading to only USDC and euro pairs, while USDT could only be traded against USDC and euro, according to a report from Bloomberg. The change was initially reported by a trader on X, who shared a customer support note citing regulatory compliance and platform security as the reasons for the adjustment. Breaking: @Tether_to $USDT pairs have been removed by…