The total decentralized finance (defi) total value locked (TVL) is currently witnessing an impressive surge as the broader cryptocurrency market gains bullish momentum. According to data provided by Defi Llama, the total defi TVL increased by 9.1% in the past…
According to data provided by Santiment, developers in the field of artificial intelligence (AI) focus on these 10 altcoins the most. Continue Reading: Data Released: Developers Focus on These 10 Artificial Intelligence (AI) Altcoins
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has reached a critical juncture with the SEC’s latest filing. This final submission precedes Judge Analisa Torres’ deliberation on remedies in the Southern District of New York. SEC Challenges Ripple’s Motion On May 20, 2024, the SEC filed a comprehensive … Continue reading "Ripple vs. SEC: Final Submissions Highlight Transparency Battle" The post Ripple vs. SEC: Final Submissions Highlight Transparency Battle appeared first on Cryptoknowmics-Crypto News and Media Platform .
The post After Reaching $180, Is the Solana (SOL) Price Ready for Correction? appeared first on Coinpedia Fintech News Solana price has been displaying strength in times when the Bitcoin & Ethereum prices have been consolidating within a very narrow range. The recent bullish push has raised the levels above $180, which is within the critical resistance zone between $175 and $195. Now that the markets have become more hopeful of the upcoming trend, …
Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price. The post Bitcoin Hits Record Highs Against Local Currencies in Asia and South America with 7% Daily Surge appeared first on Cryptonews .
The post Vitalik Buterin Unveils Ethereum’s Future Upgrades appeared first on Coinpedia Fintech News Ethereum creator Vitalik Buterin recently provided a rare update on the roadmap of Ethereum, shedding light on its progress and future plans. The Dencun upgrade, which took place on March 13, reduced the costs of layer-2 transactions and improved data availability through proto-danksharding (EIP-4844). Following this upgrade, Ethereum plans to implement The Verge and The …
If you’ve ever wondered how robust and active the decentralized finance sector is, look no further than Total Value Locked. So, what is TVL in crypto? This figure isn’t just about big numbers; it’s a direct reflection of the real-time engagement within the blockchain’s DeFi platforms. Introduction to TVL in Crypto TVL, or Total Value
The value of Ripple’s XRP token has fluctuated dramatically in recent months. Talks about the coin are thriving and have reached their highest point since early April, despite an 8% price decline over the last 60 days. This raises the question of whether the recent internet talk will help XRP see a price spike or if it is just meaningless chatter that will eventually fade. Related Reading: Solana Blasts Past Resistance: Buckle Up For $330 Breakout – Analyst Social Media Frenzy The social media landscape surrounding XRP is abuzz. Santiment data reveals a surge in XRP’s social dominance, meaning conversations about XRP are outpacing chatter on other cryptocurrencies. This digital watercooler effect has historically correlated with price increases. In December 2023 and March 2024, similar spikes in social media buzz preceded XRP’s jumps to $0.66 and $0.71 respectively. Enthusiasts are hoping this trend holds true, potentially pushing the price back to the $0.70 mark. However, some analysts are throwing cold water on this social media frenzy. While the chatter is undeniable, the sentiment behind it seems less than enthusiastic. Santiment’s Weighted Sentiment metric paints a picture of a lukewarm market, with a reading of minus 0.78 indicating a slightly negative overall view. This negativity could dampen any potential price rise fueled by social media hype. Technical Outlook: Golden Cross Or Grim Reaper’s Embrace? Technical analysis, the art of deciphering price charts for clues, paints a mixed picture for XRP. On the bullish side, a recent “golden cross” has emerged, where the 20-day exponential moving average (EMA) crosses above the 50-day EMA. This is traditionally seen as a bullish signal, suggesting a potential price increase. If XRP can conquer the resistance level at $0.56, a surge towards the coveted $0.70 price point might be in the cards. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is currently negative, suggesting a lack of clear dominance by the bulls. This technical tug-of-war could see XRP retreat to the $0.50 support level before any potential rebound. Related Reading: Solana Leaves Competition In The Dust: Blazing Speed To Fuel Price Surge? The Verdict: Buckle Up For A Bumpy Ride The future of XRP seems to be hanging in the balance. Social media buzz suggests a potential price surge, but negative sentiment and murky technical indicators cast shadows of doubt. Investors should buckle up for a potentially bumpy ride. While a price increase to $0.70 is not out of the realm of possibility, a drop to $0.50 or even lower cannot be entirely discounted. Featured image from Unsplash, chart from TradingView
In the last 24 hours, the Ethereum (ETH) price has skyrocketed by a staggering 20% on the news that the odds of a spot Ethereum ETF approval have grown from 25% last week to now at 75%. This comes as the US SEC urged issuers to submit their 19b-4 filings quickly. However, not only Ether The post Altcoins From the Ethereum Ecosystem Rally By 20%, Bull Run Ahead? appeared first on CoinGape .
The post The Smart Money Is Accumulating These Altcoins, Are You? appeared first on Coinpedia Fintech News As the crypto market continues to anticipate an incoming bull run, savvy investors are accumulating tokens to boost their portfolio in the market. Given their potential for resurgence, Solana (SOL) and Avalanche (AVAX) have seen an increase in trading volume. Against this backdrop, a new market entrant, KangaMoon (KANG) has demonstrated the potential to rise …