The Cardano (ADA) blockchain has experienced a significant uptick in user engagement over the past month. According to data from Danogo, a decentralized exchange (DEX) on Cardano, the number of active wallets on the network surged to 600K, a 40% increase that doubles the lowest amount in the past 30 days. The surge in active wallets in the Cardano blockchain coincides with boost in its decentralized finance (DeFi) ecosystem, which stands at roughly $500M, according to data from DefiLlama. Likewise, the total value locked (TVL) across DeFi protocols on the network has seen steady growth, with DEXs and lending platforms…
Author: Web3 Daily Press Staff
Amid the fluctuating dynamics of the cryptocurrency market, BlockDAG emerges as a noteworthy entity, demonstrating substantial potential with over $4.16 million raised and a growing interest from the crypto community. While meme coins like Floki and Bitcoin Cash showcase impressive surges, BlockDAG Network‘s innovative approach to blockchain technology, aimed at enhancing scalability and transaction efficiency, positions it as a promising contender in the industry. Its ambitious growth projections and significant market interest hint at its potential to redefine the cryptocurrency landscape. FLOKI Emerges From the Ashes with a 50% Surge In meme cryptocurrencies, particularly those with dog-themed motifs, Floki (FLOKI)…
Binance coin returned to one of its highest levels in the two years. During the previous intraday session, it had one of the biggest surges that facilitated a new two-year high. The asset started exchanging at $537 but experienced a tremendous increase following its dip to $531. It flipped one of the biggest resistances it used to have at $570. After breaking the said mark, it continued upwards as it retested another key level which it hasn’t tested since November 2021, $640. Although BNB failed to break the mark, this shows it’s edging closer to its all-time high. The question…
A closely followed crypto trader is flipping bullish on Sam Altman’s identity-focused crypto project Worldcoin (WLD). Pseudonymous trader The Flow Horse tells his 200,300 followers on the social media platform X that artificial intelligence (AI)-related Worldcoin appears like it could flip the $10 level into support. He suggests that Worldcoin could also get a boost from the upcoming GTC conference hosted by Nvidia (NVDA), the leading provider of chips specially designed to train and run AI applications, which could increase interest in projects involved in the AI world. “Six days until the NVDA conference [March 18 through 21] and WLD…
As the cryptocurrency market enters a period of consolidation and reevaluation, Ethereum’s anticipated march toward the $5,000 mark seems to have paused. Investors are progressively derisking their portfolios, perhaps in anticipation of further market turbulence. The current sentiment is not necessarily a harbinger of doom but may suggest a strategic pullback. Ethereum’s chart suggests it is in the throes of a natural correction. After a sustained period of growth, marked by a series of higher highs, the price appears to be retracing toward key support levels. ETHUSD Chart by TradingViewThese pullbacks are healthy in a bull market, allowing the asset to gather the…
Bitcoin’s Real Use Case Is as a Self-Fulfilling Prophecy Bloomberg This news is republished from another source. You can check the original article here
The Litecoin (LTC) price rise was directly influenced by Bitcoin these last few weeks as the altcoin rose from $68 to crossing $100. However, this was short-lived, as the cryptocurrency corrected soon after bringing LTC down to $95. Is there any chance for Litecoin to climb back up again? Litecoin Investors Take Charge Litecoin price fluctuation has left nearly 351,000 investors frustrated as these holders have been waiting for LTC to cross the $100 mark for nearly ten months. The silver to Bitcoin’s Gold did manage to do that this week, but the decline reset these investors’ losses. These addresses…
Shiba Inu , despite a flat weekly performance, is attracting bullish sentiment. What Happened: The dog-themed meme coin is seeing an increase in whale transactions and significant trading volumes, according to U Today, citing IntoTheBlock data.A spike of 3,220% in large holder net flows indicates that whales are either selling or accumulating the token.In the past 24 hours, the volume of large transactions (greater than $10,000) stood at 9.94 trillion SHIB.Shibburn data reflected a surge of 427.55% in the burn rate earlier in the day as 15.5 million tokens were destroyed. While the increase in burn rate came after a…
Prominent crypto analyst EGRAG has identified VeChain’s trajectory toward reaching a $1.6 valuation, envisioning a three-step process. VET’s price has been hovering around $0.047 for the past few weeks, with no notable swings. This comes after a remarkable 75% surge to $0.05476 within the last 30 days. While the asset appears to have run out of steam, crypto analyst EGRAG voiced conviction that more is yet to come for VeChain. In a recent update on X, EGRAG highlighted three key channels concerning VET price and spotlighted the asset’s potential reactions upon catching these thresholds. The analyst marked the VET trading…
In this article, we dive deep into the market dynamics and value propositions of two diverse cryptocurrencies: Tether (USDT) and Ripple (XRP). We discuss and analyze the behavior of their investors in the current market climate. More importantly, we discuss the recent trend of investors betting big on the presale of Pushd (PUSHD), a decentralized retail platform. Tether (USDT) holders move fast into the Pushd (PUSHD) presale Tether (USDT) is the most valuable stablecoin in the crypto market. Stablecoins are usually used to protect the value of investments from the inherent volatility of the market. Stablecoins also facilitate the development…