This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Ethereum (ETH) Ethereum reached $4,000 this week, and the price managed to increase by 5%. However, sellers appear keen to return and push this cryptocurrency into a pullback. If the $4,000 resistance does not break soon, the price may fall to the key support at $3,345. A pullback should not be a surprise, considering ETH has not had a correction in over a month. Looking ahead, ETH remains in an uptrend even if the price falls to the key support, and a healthy pullback may…
Author: Web3 Daily Press Staff
Assets Under Management Growth: Valour has experienced a significant rise in its AUM, reaching a record of C$838 million. This represents an increase of 19.8% since February 28th and builds upon a 57.8% growth from January 2, 2024. Surging Demand for Regulated Digital Asset Products: The surge in AUM highlights robust demand for Valour’s comprehensive suite of regulated exchange-traded digital asset products. This indicates the effectiveness of the company’s strategy in aligning offerings with investor interests. Recently launched ETPs include Valour Internet Computer (ICP), Valour Ripple (XRP), and Valour Binance (BNB) ETPs. TORONTO , March…
In the bustling world of cryptocurrency, Avalanche (AVAX) makes waves with a staggering 30% surge, while Chainlink (LINK) steadily climbs by 5%. However, it’s Furrever Token (FURR) that steals the spotlight, captivating investors’ attention with its remarkable achievement in the presale arena. With the successful conclusion of its first presale stage in record-breaking time, FURR sets itself apart as a standout contender in the ever-evolving crypto landscape. As investors flock to seize opportunities amidst this dynamic market environment, the stage is set for an exhilarating journey of growth and innovation in the realm of digital assets. AVAX Rockets 30% as…
As the crypto market’s landscape shifts, with Cardano reclaiming its position and Litecoin at a critical juncture, all eyes are turning towards a new powerhouse: InsanityBets (IBET). Is this the best crypto investment in 2024? With its innovative approach to Web3 gaming and a new token presale, IBET is not just participating in the market—it’s set to redefine it. Cardano’s ADA has showcased resilience, bouncing back to secure its spot as a top 10 largest cryptocurrency, briefly overtaken by Dogecoin amid a surge in interest. Despite this victory, the constant battle for market dominance underscores the volatile nature of established…
© Reuters. Bitcoin Cash’s Price Increased More Than 4% Within 24 hours Benzinga – by Benzinga Insights, Benzinga Staff Writer. Bitcoin Cash’s (CRYPTO: BCH) price has increased 4.15% over the past 24 hours to $444.56, which is in the opposite direction of its trend over the past week, where it has experienced a 2.0% loss, moving from $452.54 to its current price. As it stands right now, the coin’s all-time high is $3,785.82. The chart below compares the price movement and volatility for Bitcoin Cash over the past 24 hours (left) to its price movement over the past week (right).…
In a groundbreaking revelation that is set to revolutionize the blockchain landscape, the Binance Smart Chain, colloquially known as the BNB Chain, has disclosed a meritorious development with the unveiling of the BEP 336 upgrade. This visionary upgrade, which finds its inspiration in the strides made by Ethereum’s acclaimed Dencun upgrade, codenamed EIP 4844, is poised to introduce a paradigm shift in the optimization of data storage and processing on the chain, catapulting an already robust platform into unparalleled heights. As the world of decentralized finance stands on the precipice of this transformative era, the BEP 336 upgrade promises a…
The much-awaited Ethereum Dencun upgrade went live on Wednesday, March 13, with its successful deployment to the Ethereum mainnet. Within less than 24 hours of it going live, the Ethereum-based Layer 2 platforms are already seeing a major drop in gas fees.L2 Network Transaction Fees Plunge Post Ethereum Dencun UpgradeFollowing the recent Dencun upgrade and the integration of EIP-4844, significant reductions in transaction fees are witnessed across various Layer 2 (L2) networks. During the hour spanning from 9:00 to 10:00 (UTC+8), notable drops in average and median transaction fees are observed across multiple platforms.Optimism records an average transaction fee of…
Amid Bitcoin’s meteoric rise to new all-time highs, crypto analyst Tyler S has issued a bold proclamation: “Altcoins are about to bust bigger, harder, stronger, and messier than you could ever imagine.” As Bitcoin continues its relentless climb, surpassing the $69,000 milestone, Tyler highlights four significant indicators suggesting that altcoins are on the verge of an explosive rally. “Bitcoin has been on a tear, leaving all-time highs in the dust. But let’s not forget about the potential altcoin frenzy ahead,” Tyler asserts in a recent analysis. Tyler referenced the explosive growth of the cryptocurrency market in previous years, jokingly mentioning…
A key price pattern has emerged on bitcoin’s (BTC) price chart, hinting at a potential pullback ahead.The cryptocurrency has rallied from $60,000 to new record highs above $70,000 in less than two weeks. The ascent has taken the shape of a “rising wedge,” which is a bearish pattern, according to technical analysis theory.“Normally rising wedges resolve bearish,” crypto analyst and trader Josh Olszewicz told CoinDesk, explaining a possibility of a typical bull market pullback ahead.A rising wedge pattern comprises upward-sloping trendlines that connect highs and lows and converge toward a single point known as the apex. The converging nature of…
The world of cryptocurrency continues to be thrilling, with established players facing unexpected challenges from rising stars. In a recent twist, Litecoin (LTC) has emerged as a serious contender for the title of top payment choice, leaving even the mighty Bitcoin (BTC) in its dust. Meanwhile, the memecoin scene has seen its own rocketship moment with the arrival of Rebel Satoshi ($RBLZ) on the popular centralized exchange (CEX) Coinstore. Let’s dive deeper into these developments and explore what they mean for the future of crypto payments and memecoin mania. Litecoin: The Faster, Cheaper Alternative For years, Bitcoin has been synonymous…