Renowned crypto analyst, Ali Martinez, predicts a consolidation phase for Cardano before a potential breakout.What Happened: On Wednesday, Martinez took to X, formerly Twitter, to express his views on the current state of Cardano, a currency sometimes labeled as an Ethereum killer.. He believes that the cryptocurrency is exactly where it should be, consolidating in the $0.55 to $0.80 range, before a potential breakout to $1.70.See Also: ‘Dogecoin Killer’ Shiba Inu’s Daily Transactions Spike 1,082%: ‘Still Very Bullish On SHIB,’ Says CryptoThis comes in the wake of Cardano’s ADA/USD price decreasing by 4.39% over the past 24 hours to $0.57,…
Author: Web3 Daily Press Staff
Michael Saylor, the prominent figure behind MicroStrategy’s Bitcoin strategy, has recently taken to Twitter to remind the crypto community about the upcoming Bitcoin halving event. Michael Saylor has issued a significant reminder concerning the impending Bitcoin halving event. With only 1400 blocks left until this quadrennial event, Saylor’s message serves as a timely reminder of its significance for Bitcoin stakeholders globally.Tik, Tok… Bitcoin Halving is Knocking on The Door The Bitcoin halving event, scheduled to occur between April 18 and April 21, marks a pivotal moment in Bitcoin’s historical lifecycle. As part of this event, mining rewards per block will be halved from…
Bitcoin (BTC) climbed back to $70,000 Wednesday, reversing its knee-jerk dip following hotter-than-anticipated U.S. inflation data for March.BTC slipped nearly 4% to $67,500 during early U.S. hours after a government report showed the Consumer Price Index (CPI) rising faster than analyst expectations, prompting investors to temper their expectations for rate cuts this year.The dip echoed through multiple asset classes, but bitcoin gradually erased all its losses, and was up over 1% over the past 24 hours, outperforming U.S. equities and gold, both of which finished with sizable declines for the day. At press time, bitcoin had slipped a bit from…
Raffle Coin’s unique platform, offering diverse rewards and a competitive loyalty bonus scheme, has attracted attention as the Q2 crypto market begins.Cryptocurrency presales are good opportunities to invest in the most promising new crypto tokens. Litecoin and Ethereum Classic holders are always eager to take advantage of presales, as they view new coins as great avenues to diversify their investments. Recently, these Litecoin and Ethereum Classic investors have found a new token worth investing in.Raffle Coin’s token has been heralded as the next blue-chip crypto. Seasoned analysts continue to make bold predictions about the coin, as multiple investors rush to…
Read U.TODAY on Google News Currently, ETH is carving out what appears to be an ascending channel, a structure that could signal a steady climb toward $4,000.The ascending channel is outlined by two upward sloping parallel lines on the chart. This pattern captures the swings of the price between higher highs and higher lows, showcasing a gradual but consistent upward trend. For Ethereum, the lower line of the channel seems to be providing a stepping stone from which the price bounces back up, and the upper line is where the price peaks before retreating slightly.ETH/USD Chart by TradingViewA key level to…
In the constantly shifting world of digital currencies, where speculation and insider assessments often fuel seemingly volatile price movements, an intriguing statement by an individual purporting to have insider information on the VeChain (VET) token has caused a stir in the cryptosphere. This person, who goes by the cryptonym of “VeChain Whale,” asserts that the current uninspiring performance of VET’s price is the result of the team’s calculated strategy which would trigger a spectacular upswing at the appropriate juncture. VeChain Whale, whose virtual home is on a social platform known as X in the crypto community, acknowledged that VET’s price…
(Bloomberg) — Cantor Fitzgerald LP Chief Executive Officer Howard Lutnick said that crypto stablecoins are beneficial for the US economy and said that the tokenization of financial assets will likely increase.Most Read from Bloomberg“Dollar hegemony is fundamental to the United State of America. It matters to us, to our economy,” Lutnick said during a Chainalysis conference in New York on Wednesday. “That’s why I’m a fan of properly backed stablecoins. I’m a fan of Tether. I’m a fan of Circle.”Cantor acts as a custodian for Tether Holdings Ltd., which is the largest issuer of stablecoins ahead of second-largest Circle Internet…
The founders behind the once multi-billion dollar cryptocurrency, SafeMoon (SFM), have been charged with multiple counts of fraud and conspiracy by U.S. government, with accompanying charges from the Securities and Exchange Commission (SEC). On Wednesday, founders Braden John Karony (aka “CPT_HODL_T_MUN”) and Thomas Smith (aka “papa”) were arrested in Provo, Utah and Bethlehem, New Hampshire, respectively. The third defendant, Kyle Nagy (aka “SafemoonDev”) remains at large. The SafeMoon Fraud Attorneys allege that the founders of the project deliberately lied to investors, misappropriating their purportedly “locked” SFM liquidity for their personal benefit. “As alleged, the defendants deliberately misled investors and diverted…
The crypto market is abuzz with anticipation for the next big pump! While established players like Bitcoin and Ethereum are always in the spotlight, savvy investors are looking beyond the usual suspects. This article delves into two exciting altcoins with the potential to explode in value: Polkadot (DOT), and the intriguing newcomer, Scorpion Casino (SCORP). We’ll explore their unique features, technological innovations, and the reasons why they might be poised for a meteoric rise in the coming months. Parachains: The Building Blocks of Polkadot’s Scalable Network Polkadot (DOT) stands as a leading innovator in the blockchain space, pioneering a groundbreaking…
Runestones recently flipped Bored Apes to become the second most valuable NFT collection after CryptoPunks.During the depths of the 2022-23 NFT bear market, few would have believed that the sector’s resurgence would be fueled by Bitcoin.But since the advent of Ordinals early last year, the market for digital collectibles on the world’s most valuable blockchain has grown steadily and is now responsible for roughly three-quarters of NFT marketplace revenue, according to NFT Pulse.Trading Revenue By ChainBitcoin-based collections comprise three of the top 10 NFT collections by market capitalization, with Runestones recently surpassing Bored Apes to take second place with $640…