Author: Crypto News Live
contributor Posted: November 23, 2024 Ethereum’s price surge and transaction velocity signal the start of an altcoin season, as per analysts. Chainlink shows strong growth with increasing active addresses and open interest, indicating bullish sentiment. Ethereum [ETH] has recently demonstrated its strength as the second-largest cryptocurrency by market capitalization, seeing notable gains. Over the past 24 hours, ETH surged by nearly 10%, reaching a trading price of $3,374 at the time of writing. While it remains approximately 30% below its all-time high of $4,878 recorded in 2021, the recent rally signals potential bullish activity in the broader altcoin market. Amid…
The price of the native token of smart contract platform Cardano ($ADA) has surged by more than 43% over the past week and over 140% in the last 12-month period amid a wider cryptocurrency market rally. ADA’s surge was notably accompanied by a rise in whale transactions. The cryptocurrency, as CoinDesk reported, has recently briefly surpassed the $0.9 mark on various exchanges – its highest level since May 2022 – amid the rise, to have a market capitalization of over $30 billion. The rally has been fueled by whale accumulation, with popular cryptocurrency analyst Ali Martinez noting that over the…
Ethereum whales are accumulating while reduced selling pressure hints at a potential supply squeeze. Growing daily transactions and short-term holder interest suggest ETH’s next bullish phase is near. Ethereum [ETH] is positioned as the next crypto to attract substantial capital inflows, according to analysis from blockchain intelligence platform IntoTheBlock. While Bitcoin [BTC] recently reached a record-breaking all-time high of $99,261.30, Ethereum’s price sits at $3,365.66, with a 24-hour trading volume of over $55 billion. Despite underperforming Bitcoin’s recent gains, Ethereum may be poised for a bullish breakout, with key metrics offering insights into its next trajectory. Daily transactions showing steady…
FIFA and game studio Mythical Games are teaming up to create a new mobile arcade-style soccer game called FIFA Rivals, the companies announced Friday. The free-to-play game, which will be available on iOS and Android devices, will allow players to build and manage their own soccer clubs while competing against others in real-time matches. It’s due out in summer 2025, according to a teaser trailer shared with Decrypt. Mythical Games is the studio behind NFL Rivals, another licensed free-to-play mobile sports game that is built around optional NFTs. Available on iOS and Android since April 2023, NFL Rivals lets players…
Este artículo también está disponible en español. Ethereum (ETH) price is finally moving after a week of sideways movement. In the last hour, the second-largest crypto has seen a 5% surge to retest the key $3,200 level. Some market watchers believe ETH is about to move toward Q1 highs and kickstart the altseason. Related Reading Ethereum Retests Key Support Level Ethereum has been heavily criticized for its performance against Bitcoin (BTC), with investors worrying that ETH might not run to new highs this cycle. ETH’s price action has moved sideways while the flagship crypto continues its price discovery mode. On…
Journalist Posted: November 22, 2024 Grayscale implemented reverse share splits of Bitcoin and Ethereum ETF. Options trading for the firm’s BTC ETFs will start today. Grayscale Investments, a digital currency asset manager, has finalized reverse share splits for its Bitcoin [BTC] Mini Trust ETF (BTC) and Ethereum [ETH] Mini Trust ETF. The changes took effect on the 20th of November, following the reverse share splits executed the previous evening. David LaValle, Grayscale’s Global Head of ETFs, stated in a recent blog post, “Based on feedback from our clients, we believe this is the right decision and beneficial to our clients…
As ETH/BTC reaches its lowest point since 2021, investors, particularly from Korea and the U.S., begin to accumulate. Derivative traders are also taking positions, placing long bets on ETH. Ethereum [ETH] has remained above the $3,000 mark for the past month, with a 19.84% gain. However, over the past week, ETH has seen a 2.15% drop. Despite this, market sentiment appears to be shifting, as reflected by a modest 0.19% uptick in recent trading. AMBCrypto examines why investors are viewing this price movement as a compelling buying opportunity. What the ETH/BTC pair signals for Ethereum The ETH/BTC pair, which reflects…
Telegram tap-to-earn game MemeFi is preparing for its token launch, after the fighting game attracted millions of players vying for a chunk of its future airdrop. On Friday, November 22 at 8am ET (1pm UTC), the MEMEFI token is set to launch on the Sui network. This comes after the project hopped to the network from Ethereum layer-2 Linea last month. The promised airdrop claim will take place once the token is generated. Airdrop token allocations were revealed last Saturday, with 2.5 million suspected cheaters’ accounts receiving the ban hammer in the process. On Tuesday, allocations were adjusted after some…
Magic Eden has announced the highly anticipated ME token airdrop. With over $300 million up for grabs, this is going to be one of the biggest community airdrops of 2024. Here’s everything you need to know about the ME token, the requirements and how to get the most out of it. Magic Eden Token Generation Event The ME Foundation will be hosting a token generation event (TGE) in the coming weeks to launch the ME token. As the token of the Magic Eden platform, ME will be used for: Staking rewards Future airdrops Governance voting rights The tokenomics have been…
The price of the native token of smart contract platform Cardano ($ADA) has surged by more than 41% over the past week to now trade at around $0.8 per token, giving it a total market capitalization above the $28 billion mark. According to popular cryptocurrency analyst Ali Martinez, the price rise came amid an increase in the volume of large ADA transactions, which grew by 297% over the past two weeks to a $22.5 billion high. Cardano’s price has risen more than 120% over the past month amid a wider cryptocurrency market rally that has seen the price of the…
