DOGE’s volume indicators disagree about the demand behind the memecoin The long-term bias was strongly bullish based on the price action Dogecoin‘s price surpassed the previous resistance level of $0.18, reaching a new peak at $0.2288. However, large investors or “whales” had sold off large amounts of DOGE earlier, making the price recovery an uphill … Read more
In simpler terms, the amount of money invested in fintech businesses globally decreased by 16% from the last quarter of 2023 to the first quarter of 2024, reaching a seven-year low. Surprisingly, there was an 11% increase in funding for ventures as a whole during this period. CB Insights, an analytics company, published their Q1 … Read more
Economic uncertainties drive investors to Bitcoin amid rising debt and geopolitical tensions. Experts highlight Bitcoin’s resilience and potential as a hedge against market volatility. In the face of conflicting economic indicators, there continues to be intense discussion: Is the economy thriving or struggling? Although employment figures have enhanced and inflation has decreased, mounting debts and … Read more
Circle, the company behind the stablecoin US Dollar Coin (USDC), has broadened its reach to include zkSync, an Ethereum zero-knowledge layer-2 solution. In simpler terms, Circle now supports using USDC on zkSync’s Ethereum network, which is a scalability solution that enhances privacy and efficiency. Circle announced on April 9 that numerous prominent ecosystem apps and … Read more
Arkham, a blockchain analysis company, has accused rivals of creating confusion and doubt (FUD) following queries about the transfer of their ARKM tokens. A few days before Arkham refused to identify its opposing rivals, Nansen’s post revealed that Arkham transferred approximately $56 million worth of ARKM (25.2m units) to unmarked wallets and the cryptocurrency exchange … Read more
As the Bitcoin halving approaches, professional traders and investors are closely monitoring changes within the cryptocurrency’s ecosystem. Historically, excitement builds up around these events, with a bullish trend emerging in the months following rather than right on the day of the halving itself. This is due to the gradual effect of decreased mining rewards on … Read more