In an analysis of the state of the cryptocurrency market, expert Alex Krüger highlighted Ethereum‘s (ETH) underwhelming performance. Despite high expectations, Ethereum has not met market hopes, except for stakers and airdrop farmers, who continue to benefit. Krüger pointed out that while Ethereum remains the second-largest blockchain, its overall market influence appears diminished compared to The post Ethereum Fails to Impress Except for Stakers, Says Krüger appeared first on CoinGape .
Zeus Network announced its anticipated launch of the Zeus Program Library (ZPL) by the third quarter of 2024. This new development aims to connect the Solana (SOL) and Bitcoin (BTC) ecosystems seamlessly. The ZPL will enable developers to integrate Solana support into decentralized applications, promoting activities across both blockchain networks. The Zeus Network’s initiative will The post Solana to Bitcoin Bridge Zeus Network Targets Q3 2024 Debut appeared first on CoinGape .
Dogecoin extended losses and traded below the $0.1350 resistance zone against the US Dollar. DOGE is now testing an important support at $0.1200. DOGE gained bearish momentum below the $0.140 and $0.1350 levels against the US dollar. The price is trading below the $0.1350 level and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance at $0.1350 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1420 to move into a positive zone and start a fresh surge. Dogecoin Price Extends Losses After a close below $0.150, Dogecoin price extended losses and moved into a short-term bearish zone, like Bitcoin and Ethereum. There was a drop below the $0.1350 support zone. A low was formed at $0.1201 and DOGE is now consolidating losses. There was a minor recovery wave above the $0.1250 level. The price tested the 23.6% Fib retracement level of the downward move from the $0.1640 swing high to the $0.1201 low. However, the bears protected more gains above the $0.130 resistance. Dogecoin is also below the $0.1420 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.130 level. Source: DOGEUSD on TradingView.com The next major resistance is near the $0.1350 level. There is also a major bearish trend line forming with resistance at $0.1350 on the 4-hour chart of the DOGE/USD pair. The main hurdle is at $0.1420. A close above the $0.1420 resistance and the 50% Fib retracement level of the downward move from the $0.1640 swing high to the $0.1201 low might send the price toward the $0.1550 resistance. Any more gains might send the price toward the $0.1620 level. More Losses in DOGE? If DOGE’s price fails to gain pace above the $0.1350 level, it could start another decline. Initial support on the downside is near the $0.1220 level. The next major support is near the $0.120 level. If there is a downside break below the $0.120 support, the price could decline further. In the stated case, the price might decline toward the $0.1040 level. Technical Indicators 4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1240, $0.1200 and $0.1040. Major Resistance Levels – $0.1300, $0.1350, and $0.1420.
Fed emphasizes waiting until inflation nears 2% target. Interest rates held between 5.25% and 5.50% at sixth meeting. Continue Reading: Fed Maintains Interest Rates Steady
In March 2024, a New York Jury slapped fraud charges against Terraform Labs and its co-founder Do Kwon with the U.S. regulators demanding them to pay $5.3 billion in penalty. However, the lawyers representing Terraform have refused these allegations stating that the firm sold most of the UST stablecoins outside the United States. Terraform Lawyers The post Terraform Labs Refuses to Pay $5.3 Billion Fine, Says SEC Has No Evidence appeared first on CoinGape .
Fidelity's FBTC, not GBTC, let outflows on Wednesday in what may be an alarming development for the bulls.
Wyoming’s Republican Senator Cynthia Lummis has responded to the Department of Justice’s (DOJ) latest argument regarding non-custodial software. Lummis’s remarks follow the DOJ’s reply brief on the indictment against Tornado Cash developer Roman Storm’s motion to dismiss. Senator Lummis Questions DOJ’s Non-Custodial Wallet Stance, Cites Legal Misinterpretations Senator Cynthia Lummis, a staunch advocate of cryptocurrency,
As Bitcoin loses the critical $60k support amid market turbulence, the Play-to-Earn sector thrives with Galaxy Fox (GFOX) soaring in value, highlighting a sectorial contrast. #partnercontent
As Bitcoin loses the critical $60k support amid market turbulence, the Play-to-Earn sector thrives with Galaxy Fox (GFOX) soaring in value, highlighting a sectorial contrast. #partnercontent
Crypto traders are searching for what to buy next, as we all expect a busy market ahead. It’s always best to invest in cryptocurrencies based on your needs, such as with cryptocurrencies under $1. Are you thinking long-term, or are you out for immediate gains? If you’re looking at something long-term, it’s best to decide The post Cryptocurrencies With the Most Potential in 2024 appeared first on CoinGape .