An analyst said that DOT might flip a crucial resistance. Funding Rate remained positive, suggesting a further price increase. The price of Polkadot [DOT] has increased by 15.31% on a Year-To-Date (YTD) basis. However, the performance might be termed lackluster compared to other tokens in the top 20 per market cap. This is because the token has only outperformed a few, like Cardano [ADA] and Ripple [XRP]. However, analyst Michaël van de Poppe thinks things can improve. According to van de Poppe, if sustained, growth in the Polkadot ecosystem might help DOT breakout. He also added that the optimism around…
Author: Web3 Daily Press Staff
A nonfungible token (NFT) game called Munchables, built on Ethereum layer-2 blockchain Blast, has suffered a $62 million exploit. Munchables announced it had been compromised in a March 26 X post at 9:33 pm UTC and said it was tracking the exploiter’s movements and “attempting to stop the transactions.”CointelegraphBlockchain analyst ZachXBT responded to the post with the wallet address of the alleged attacker, which currently touts a balance of $62.45 million in Ether ETHUSD, per Blastscan data. The wallet address of the exploiter shows that it interacted with the Munchables protocol at 9:26 am UTC, extracting a total of 17,413 ETH, per DeBank data…
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable within the $70,000 range on Wednesday. It is largely believed that the London Stock Exchange’s friendly stance on Bitcoin and Ethereum exchange-traded notes (ETNs) and their upcoming launch on March 28 translated into the recent rally. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — performed positively as well. Memecoin dogwifhat (WIF) became the biggest gainer of the lot, with a 24-hour jump of over 19 percent. KuCoin Token (KCS) became the biggest loser of the…
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Chainlink (LINK) has performed strongly over the past week, with the token’s price increasing 21.3% in the last seven days. Some analysts have shared their predictions and thoughts on LINK, suggesting keeping an eye on the token and its long-term performance. What Is LINK’s Next Steppingstone? Recently, Chainlink announced its partnership with blockchain platform Avalanche and the Australia and New Zealand Banking Group to connect the Avalanche and Ethereum blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). As reported by NewsBTC, the partnership aims to facilitate the “access, trade, and seamless settlement of tokenized assets across networks in different currencies in…
Polkadot price is witnessing the bullish impact of the positive interest it has received from institutional investors. The altcoin seems to be heading towards a previously failed high. However, it might face multiple resistances in its path, which could subdue the bullishness noted presently. Polkadot Outperforms Solana and Cardano Polkadot price recovered by 12% this week and part of the credit for this goes to institutions along with retail investors. Their interest in DOT surged in the week ending March 23, so much so that they picked this altcoin over the likes of Solana and Cardano. Polkadot recorded inflows worth…
Benzinga – by Benzinga Insights, Benzinga Staff Writer. Over the past 24 hours, Bitcoin Cash’s (CRYPTO: BCH) price has fallen 3.1% to $477.23. This is opposite to its positive trend over the past week where it has experienced a 26.0% gain, moving from $375.19 to its current price. 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). 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…
CoindarThe BNB Greenfield blockchain, built on BNB Coin, is preparing for the Pawnee hardfork.The testnet hardfork is scheduled for block 6,623,127, approximately on March 27th, 7:00 UTC. The mainnet hardfork will take place on block 6,239,529, around April 10th, 7:00 UTC. Refer to the official tweet by BNB: Get ready for the new updates with the Pawnee hardfork on BNB Greenfield! 🚀🔸Testnet hardfork is scheduled at block 6,623,127 approximately on Mar 27 at 7AM UTC. 🔸Mainnet hardfork is scheduled at block 6,239,529 around Apr 10 at 7AM UTC.https://t.co/Qnf3O8nzMLMar 22, 2024BNB InfoBNB is the native coin that powers the BNB Chain ecosystem,…
Ethereum price is showing positive signs above the $3,550 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum started another increase above the $3,550 resistance zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,680 resistance zone. Ethereum Price Remains In Uptrend Ethereum price started another increase above the $3,500 resistance zone. ETH bulls were able to…
The Commodity Futures Trading Commission (CFTC) has complained about the entities that own KuCoin. The allegation calls attention to the illegal transactions involved in off-exchange commodity futures activities. KuCoin is said to have been employed in soliciting and accepting orders of different commodity transactions without CFTC registration. This action highlights the intention of the regulatory body to ensure compliance in the digital asset area.KuCoin allowed commodities trading as per CFTC. This operation made the exchange fall under the supervisory scope of CFTC. It required KuCoin to register with the commission and comply with all applicable regulations. The complaint requests relief,…