Author: Crypto News Live

ARB could rally by 125% – 200% amid key bullish catalysts ETH’s price could further aid the token’s prospects from January 2025 According to analysts, Arbitrum [ARB] may be relatively undervalued and could offer extra 125% gains if it soars to its 2024 highs. In a recent post, Andrew Kang of crypto VC Mechanism Capital noted that ARB has been ‘fundamentally’ undervalued against other altcoins.  “$ARB has had a great rally but is still fundamentally undervalued. Trades at a fraction of Sui, AVAX, Tron, etc, but has them beat on volume and TVL by multiples.”  Source: X ARB’s key catalysts…

Skale Labs and Sequence are teaming up to help support a series of upcoming blockchain games, with the first game benefiting from the collaboration—mobile shoot ‘em up game Zoppel: The Legend of Furiax—set to launch its alpha test on the Skale network next week. Zoppel, a vertical spaceship shooter, will debut in alpha on Android and iOS on December 15, kickstarting the collaboration. The game is based on an original science fiction IP, and is flanked by a graphic novel that is set to begin shipping in January. Skale Labs is the development team behind Skale, an Ethereum layer-2 scaling…

Ethereum’s price drops to $3,867 amid increased exchange withdrawals, signaling potential market volatility. Active addresses and leverage ratios suggest heightened retail interest and possible short-term market shifts for ETH. Ethereum [ETH] has seen a notable price adjustment after reaching the $4,000 threshold late last week. At the time of writing, ETH traded at $3,867, marking a 2.2% dip in the past day.  While the asset remains nearly 30% higher for the month, the drop below $4,000 positions ETH 20.5% away from its all-time high of $4,878, recorded in 2021.  Despite this correction, market activity surrounding Ethereum offers some compelling insights.…

Tap-to-earn gaming has experienced a significant decline in user engagement and retention, even as blockchain gaming continues to grow. Notable titles like Hamster Kombat, Notcoin, and Catizen have reported substantial drops in active users. For instance, Hamster Kombat saw its user base plummet from 300 million in August to just 41 million by early November, marking an 86% decrease. Additionally, the Ton blockchain that supports these games experienced a significant decline in daily active wallets, dropping from over 1 million in September to fewer than 500,000 by December. Furthermore, Google Trends indicates that search interest in “tap to earn” decreased…

Journalist Posted: December 10, 2024 The altcoin season index dropped from 88 to 71.  Bearish sentiment around ETH, SOL, and BNB was rising.  After comfortable rallies, altcoins seemed to have taken a backseat in the last 24 hours. However, the possibility of the arrival of an altcoin season can’t be ruled out yet. This was the case as the altcoin market cap chart was following a similar pattern seen during previous cycles.  What are altcoins up to? Top altcoins like Ethereum [ETH], Binance Coin [BNB], and Solana [SOL] have witnessed price corrections in the last 24 hours. Per CoinMarketCap, these…

Ethereum has shown incredible resilience, defying bearish expectations to surge near the $4K target.  Despite its strong fundamentals, it now needs a “Secret Santa” to spark the next leap. The crypto market has faced a tough 24 hours, with most coins pulling back after testing key psychological levels. Ethereum [ETH] hasn’t been spared, seeing a sharp correction after briefly crossing the $4,000 mark. Weak hands seem to be cashing out, locking in gains as bearish sentiment takes hold. However, this dip might just be a short-term detour. As the market transitions into ‘new year’ mode, Ethereum’s history of bouncing back suggests…

Ethereum active addresses up 36%, signaling organic demand and solid network activity. Breaking $4,100 resistance could propel ETH towards its all-time high of $4,891. Ethereum [ETH] experienced a major surge earlier this month, briefly touching the $4,000 mark before entering a consolidation phase. While price action has cooled in recent days, analysts remain optimistic, pointing to strong indicators that Ethereum’s bullish momentum is far from over. Since the US elections on 5th November, ETH has seen a remarkable 70% price increase, fueled by organic demand, as evidenced by a significant rise in active addresses. This surge, driven by real network…

Telegram-based tap-to-earn crypto games are losing users rapidly, even as the broader cryptocurrency market enjoys a bullish phase. Data from Google Trends reveals that search interest in “tap-to-earn” has plummeted by 80% between June and December 2024. This significant decline suggests that players and investors may be shifting their focus to other areas in the thriving crypto market. Decline in Tap-to-Earn Games User Interest and Engagement Leading Telegram-based games such as Hamster Kombat, Notcoin, and Catizen have seen massive drops in users despite a booming crypto market. According to TGStats, Hamster Kombat alone lost over 3 million users in just…

Pudgy Penguins surpassed the phenomenal Bored Ape Yacht on Ethereum price for the first time. This surged amid the NFT’s native token, which would be released in the short term. Pudgy Penguins price on Ethereum (ETH) surged to 21.49 ETH or equal to $83.930, surpassing the Bored Ape Yacth price of 19.85 ETH or equal to $83.930. According to CoinGecko data on Dec. 09, these NFTs increased by 7.1% from 19.85 ETH in the past day of trading. Trading volume also surged almost half of the latest trading day to 2,653 ETH. 1 Day Pudgy Penguins Ether’s price chart, December…

Ethereum’s exchange reserve was dropping, signaling high buying pressure. However, the RSI was resting in the overbought zone.  Ethereum [ETH] has been struggling to breach the $4k barrier for quite some time now, as it is getting rejected near the resistance. However, latest analysis revealed that the path for ETH moving towards a new all-time high is pretty clear. Therefore, AMBCrypto investigated further to find out whether that’s actually the case.  Ethereum is on the right track ETH’s price registered a 7% price hike last week, pushing the token’s price near $4k. At the time of writing, ETH was trading…