However, the situation may not be as optimistic as it seems. Recent market activity suggests that Dogecoin might be facing significant resistance, potentially driving its price lower. Dogecoin Is Leaning in Favor of the Bears The market sentiment around Dogecoin is currently strongly bearish, as indicated by the MVRV (Market…
Meme coins, driven by viral internet memes and social media hype, have surged in popularity despite their often lack of utility. Coins like Dogecoin and Shiba Inu have reached astonishing valuations, making them some of the highest valued projects in crypto. Their popularity stems from factors such as social media-driven…
However, recent developments, including a substantial selloff by whale investors, have injected uncertainty into the market, sparking questions about the altcoin’s future trajectory. Bullish Signs for Cardano Emerge Cardano whale investors have shown increasing skepticism toward ADA’s short-term price movements. In recent days, addresses holding between 10 million and 100…
Ripple Labs is on the brink of a pivotal moment in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Recent developments suggest that the SEC may not appeal Judge Torres’ recent favorable summary judgment for Ripple. Ripple executives, including CEO Brad Garlinghouse and Chief Legal Officer…
Additionally, a notable debate among presidential candidates on crypto policies and updates from the gaming platform Snek.fun offer a broader perspective on the current market climate. Binance Launchpool Welcomes HMSTR and CATI Binance’s Launchpool platform welcomed Hamster Kombat (HMSTR) and Catizen (CATI), marking significant additions that offer users new staking…
Recently, concerns have surfaced that ETH could enter a bear cycle. While this is possible, an on-chain analysis suggests how the cryptocurrency might avoid capitulation. Ethereum Has Strong Support Based on the In/out of Money Around Price (IOMAP), a metric that classifies addresses into those in profits, in loss, and…
Kraken has again denied the U.S. Securities and Exchange Commission’s allegations and demanded a jury trial to defend its position in the lawsuit, according to a Thursday court filing. In November 2023, The SEC charged Payward Inc. and Payward Ventures Inc., the companies behind Kraken, with operating the digital asset…
The regulator claimed Kraken violated federal securities laws when it offered certain digital assets, which qualify as unregistered securities. Kraken said ADA, ALGO, SOL, and other assets do not meet the legal definition of securities under US law. The exchange also slammed the SEC for the lack of clarity, calling…
While many of the top 10 altcoins saw only modest gains, others captured significant market attention. This week’s standout performers include Quant (QNT), Fetch.ai (FET), and Fantom (FTM), which emerged as the biggest altcoin gainers. Quant (QNT) Quant (QNT) is one of the biggest altcoin gainers, as its price climbed…
The U.S. Securities and Exchange Commission (SEC) has escalated its legal action against Binance, a leading cryptocurrency exchange. The SEC now classifies several tokens, such as Axie Infinity Shards, Filecoin, Cosmos’ ATOM, Sandbox, and Decentraland, as securities, widening the scope to include more claims. However, this expansion follows a recent…