In today’s market movements, Polkadot (DOT) which is a prominent player in the crypto space, has encountered a downward pressure, reflecting a concerning 23% loss over the past month. According to statistics, DOT currently stands at $8.20, experiencing a further decline of over 3% for the day. This decline is part of a broader trend that has seen the crypto struggle against market headwinds, with negative recordings of -12.87% over the past week and -3.62% within the last 24 hours. DOT 24-hour price chart (source: Coingecko) Polkadot’s market capitalization, at $11.7 billion, positions it at the fourteenth spot amongst other…
Author: Web3 Daily Press Staff
Getty Images When NFT.NYC was established in 2018, it brought together a tight-knit community of Web3 nerds. But, by 2021, it had exploded into a monster convention, with 1,500 speakers and a stacked calendar of parties bringing together art, tech, and finance types, often for the first time. At this year’s post-crypto crash edition, which ended Friday, the energy was more muted and the Web3’s various factions kept to themselves. The more entrepreneurially-minded Web3 types headed to New York’s Jacob Javits Convention Center, while those invested in NFT art, headed for their own venues. During the opening speech of the…
March “24: IOTA sees mixed predictions; Celestia’s TIA soars with Polygon. BlockDAG’s presale buzz hints at a crypto revolution. The dynamic world of cryptocurrency presents a tapestry of forecasts for various tokens. While IOTA exhibits a mixed bag of predictions, with experts suggesting everything from cautious optimism to notable growth, the landscape shifts markedly when considering BlockDAG. This emerging contender, now entering the fourth batch of its presale, not only boasts a swift 50% return on investment but also captivates with its innovative revenue models and mining solutions. In contrast, Celestia’s TIA token also makes headlines with a significant rise…
Dogecoin has had a rather interesting week, first rallying to cross $0.2, before correcting back downward and eventually losing support at $0.8. Nevertheless, there is still a lot of steam left in the cryptocurrency it seems, as crypto analysts have identified both a bottom and a 7-year cycle that could send its price as high as $40. Dogecoin To Bottom Around $0.16 In an analysis posted on X (formerly Twitter), crypto analyst Trader Mayne posited that Dogecoin could find a bottom around $0.16. He explains that this is the level where bulls are mounting support, making it a critical point…
Uniswap has achieved a milestone of $2 trillion in total volume since its launch in 2018.The exchange is expanding its technology with Uniswap V4, aiming for increased efficiency and reduced costs.Discussions around revenue include a proposed “fee switch” and a new staking initiative, alongside a 0.15% interface fee for funding development.Uniswap, a decentralised exchange, reached $2 trillion in total cumulative trading volume today at around 1 pm London time, and Devin Walsh, executive director of the Uniswap Foundation said that Uniswap’s finest days are yet to come.Cumulative volume generated by Uniswap since its launch in 2018 This optimism, according to…
April 5, 2024 3:03 PM | 1 min read | Over the past 24 hours, Chainlink’s (CRYPTO: LINK) price has fallen 3.15% to $17.43. This continues its negative trend over the past week where it has experienced a 8.0% loss, moving from $18.85 to its current price. The chart below compares the price movement and volatility for Chainlink over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray…
ZyCryptoCharles Hoskinson, the founder of Cardano (ADA) and Chief of the network’s development firm Input Output Global (IOG), has blasted individuals fueling discord within the crypto community even as the network continues to face its share of criticism.Speaking on his YouTube channel Friday, Hoskinson likened the atmosphere in the crypto sphere to professional wrestling’s “kayfabe,” where exaggerated characters perpetually stay in character to entertain and engage the audience.Interestingly, Hoskinson began by recalling his childhood memories of watching wrestling legends like Macho Man Randy Savage and Hulk Hogan, highlighting the allure of staying in character both on and off-screen. Drawing parallels,…
Last updated: April 5, 2024 16:18 EDT | 2 min read Shiba Inu Price Prediction as SHIB Overtakes Bitcoin Cash – $1 SHIB Possible? / Source: CryptonewsLong-term Shiba Inu (SHIB) price predictions have become increasingly bullish in wake of its insane late-February to early-March pump, that saw it more than 4x within days and reach a market cap above that of Bitcoin Cash (BCH).Last at $0.0000269, SHIB has a market cap in the region of $16 billion. Bitcoin Cash’s market cap, meanwhile, was last just above $13 billion.Whilst its pulled back 40% from March’s highs at $0.000045, SHIB is still…
The financial forecast for Binance Coin (BNB) appears increasingly overcast, as a broad spectrum of data from the futures market and technical indicators signal an impending tempest. The forecast is shaped by an intricate analysis of Coinglass data, where ominously negative funding rates and a faltering open interest in BNB futures contracts contribute towards an impression of intensifying skepticism among traders. Negative funding rates, in essence, are indicative of a surfeit of traders defensively holding short positions—a clear expectation of a pending drop in the asset’s price. This was more than a mere hypothesis – it became a sobering reality…
Earlier this year, a pair of Ethereum Foundation (EF) researchers put forth a proposal to reduce the pace of new issuance of ether {{ETH}} tokens. It was part of a concerted plan to reduce incentives for new stakers – the investors who lock cryptocurrency into the blockchain as a way of helping to secure the network. The freshly minted ETH is a crucial component of the rewards these investors hope to receive, in the form of staking yields. As the researchers’ thinking went, there’s already enough stakers to provide effective security for the blockchain, and in fact any additional increases…