With the LINK price trend reaching the $20 mark following the 46% hike in three weeks, Chainlink is heading for a bull run. Further, the additional momentum and growing greed in the overall market bolsters the Chainlink remarkable and energetic trend reversal. The recent teaming up with the Spanish Telecom Giant, Telefonica, boosts the confidence of market participants towards Chainlink. Further, the consistent price jumps to sustain its place among the top performers project positive upcoming months. This impressive upward trajectory positions Chainlink to make a big and long jump from the significant psychological level of $20. So, this brings…
Author: Web3 Daily Press Staff
The Cardano (ADA) price is in the midst of a strong correction. However, it is now encountering significant support, from which the price could bounce. Will the Cardano price see an upswing again soon? Or will the price fall even further? Cardano’s Downturn: A 31% Price Drop Over the Last Month Last month, Cardano faced a significant obstacle in surpassing the golden ratio resistance at approximately $0.86. Subsequently, the cryptocurrency entered a corrective phase, which appears to persist into the current month. As a result, the price has experienced a decline of 31% overall. This downward trend is reflected in…
TLDR: Bitcoin Cash is anticipated to reach the $1,200 level after the Bitcoin halving event. The analysis predicts that Litecoin will grow to $200 following the Bitcoin halving. The new gaming token Rebel Satoshi Arcade has been tipped to rise by up to 85%. The forth-coming halving of Bitcoin has raised enthusiasm in the crypto market. The halving is a known bullish catalyst that will affect Bitcoin and push other altcoins up the ceiling. Three altcoins that are anticipated to surge during the post-halving era of Bitcoin are Bitcoin Cash, Rebel Satoshi Arcade, and Litecoin. Rebel Satoshi Arcade ($RECQ)…
BNB price is attempting a fresh increase from the $575 zone. The price is up over 5% and the bulls seem to be aiming for a move above $620. BNB price started a fresh increase after it found support near the $575 zone. The price is now trading above $600 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $587 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $620 resistance zone. BNB Price Could Surge 15%…
Red question mark in black The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be hitting a snag. Industry leaders are voicing growing concerns about the likelihood of securing regulatory approval from the Securities and Exchange Commission (SEC), with a deafening silence from the agency fueling anxieties. Jan van Eck, CEO of investment firm VanEck, recently cast a shadow of doubt on the possibility of SEC approval for spot Ether ETFs in May. In a CNBC interview, van Eck expressed his belief that their application would likely be rejected, citing a complete lack of communication…
Bitcoin’s (BTC) price is attempting to rally beyond the resistance level of around $71,000 again after a fake breakout earlier this week that saw the instrument rebound to the support level of around $68,000. On-chain data shows that Bitcoin whales have accumulated more coins despite market volatility. Moreover, more wealth fund managers have been diversifying their portfolios to the digital asset industry, led by Bitcoin and Ethereum. Bitcoin Demand Unwavering In the latest update, South Korea’s pro-Bitcoin Democratic Party, which promised to allow investors to invest in spot BTC ETFs locally and overseas, has won the national election. The move…
With Bitcoin Halving around the corner, the cryptocurrency industry has regained momentum and displayed significant price action over the past few weeks, highlighting an increased number of, buyers and HODLers in the crypto market. All the top categories in the industry have witnessed a massive bounce back in the chart. The market is recording a bullish price action from elite crypto tokens to low-cap altcoins. Will the top tokens of the industry, which are Bitcoin, Ethereum, and XRP achieve their major targets by the end of Q2? Bitcoin Price To Hit $100,000 In Q2? The BTC token continues to display…
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $70,000 mark early Thursday after a day of slump. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 76 (Greed) out of 100, as per CoinMarketCap data. The JasmyCoin (JASMY) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 16 percent. Uniswap (UNI) became the biggest loser, with a 24-hour dip of…
The number of Shiba Inu addresses holding at least $1 million worth of SHIB now amount to 1,342 at its current price of $0.00002803. Shiba Inu did not escape the recent market onslaught, collapsing from the $0.000045 high on March 5 to a floor of $0.00002366 on March 20. This slump marked a massive 47% decline within two weeks. However, SHIB recovered from this low, currently pushing to reclaim and retain $0.000028. While the crypto market has seen a rebound, with Bitcoin (BTC) recovering the $70,000 psychological territory, Shiba Inu has not fully leveraged the ongoing campaign. SHIB currently trades…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A VeChain enthusiast forecasts a significant June for the token, while Solana’s faith dwindles amid technical woes, spotlighting Rebel Satoshi Arcade’s RECQ token as a rising contender for 2024’s leading cryptocurrencies. A major VeChain analyst has anticipated an enormous price surge in June. At the same time, optimism about Solana is losing ground, remaining under bearish pressure. However, Rebel Satoshi Arcade has turned out to be a good alternative, thus, becoming one of the top crypto coins for investors…