Author: Crypto News Live
LINK gained traction after the project disclosed the update with ETH cross-chain transfers. The price of the token might drop below $14 in the short term. The number of new Chainlink [LINK] addresses has been increasing since the 11th of April, AMBCrypto discovered. According to Glassnode, new addresses on the network were 778 on the 10th of April. But as of this writing, that number had increased to 1123. A rise in new entrants into a network is a sign of improved adoption, which could increase demand for the token involved. Source: Glassnode More bridges, more expansion Since hitting a…
Top global crypto exchange Binance is planning on launching trading support for another new layer-1 altcoin project via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 52nd project will be Omni Network (OMNI), a network that aims to integrate Ethereum’s (ETH) rollup ecosystem into a single, unified network. Explains the project, “Omni is an Ethereum-native interoperability protocol that establishes low-latency communications between all Ethereum rollups. Omni offers a secure, performant, and globally compatible architecture that presents Ethereum as a single, unified operating system to both users and developers.” Between April 13th and…
There has been a growth in new demand for BTC over the past week The last 12 hours have seen a decline in the same though The count of Bitcoin’s [BTC] non-zero wallets has risen, despite the recent pullbacks in the coin’s price, according to Santiment’s data. According to the on-chain data provider, 370,000 new wallets holding at least one BTC have been created in the last six days. The number of BTC holders now totals 52.94 million, growing by 0.1% since the beginning of the year. Source: Santiment At press time, BTC was trading at $67,734. Owing to negativity…
DePIN and real-world asset structure peaq announced a boost in privacy to its network through a partnership with ATOR, aiming to provide enhanced anonymity for DePINs operating on peaq’s infrastructure. ATOR’s integration into peaq’s network will involve a liquidity expansion and a technical fusion that will allow other DePINs to access ATOR’s network. This move comes at a time when the demand for online privacy is surging, with traditional solutions like VPNs and the Tor network facing criticism for centralization and limited capabilities. Sapphire “Online surveillance and privacy infringements are growing more egregious by the day,” says Saunder, an engineer…
Bearish sentiment retained its dominance in Bitcoin’s market King coin might fall to $64k before another rally Bitcoin [BTC] recorded a major price correction over the last 24 hours, a correction which can be attributed to traditional markets tanking and geopolitical uncertainty. The timing here is important, especially since BTC is awaiting its next halving in under a week. However, investors should not lose hope as there are chances the cryptocurrency will recover on the charts soon. Bitcoin’s chart turns red According to CoinMarketCap, Bitcoin’s price fell by more than 5% in the last 24 hours. At the time of…
Generally, the cryptocurrency market is bearish at the moment, with coins like Avalanche (AVAX), Ethereum, Litecoin, XRP, Solana, and others all caught in this trend. Currently, the price of AVAX is on a strong bearish move below the 100-day Moving Average (MA) and could continue in that direction for a while before retracing. Technical Indicators Suggest A Bearish Trend For Avalanche Observing the chart from the 4-hour timeframe, AVAX has crossed below both the 100-day moving average and the trend line. This could mean that the price is on a downward trend. The MACD indicator on the 4-hour timeframe suggests…
This week, we’re excited to reconnect with XY Labs Co-Founder, Arie Trouw, to delve into their latest innovation: xyOS. This groundbreaking platform aims to demystify blockchain technology, making it accessible to everyone. xyOS acts as a user-friendly tool, catering to both seasoned blockchain experts and newcomers alike.—xyOS is intentionally crafted to feel familiar and intuitive, resembling the operating systems you’re already comfortable with. From customizable wallpapers to straightforward setup processes, xyOS simplifies blockchain navigation, inviting more individuals to participate in the XYO network.But, xyOS goes beyond mere usability—it prioritizes empowering users to take control of their digital experiences. Through features…
ADA’s 0.14 correlation with Bitcoin places it at further risk despite recent correction Bulls might help the token rise towards $0.55 in the short term Cardano [ADA] was one of the altcoins hit hard by the price crash of the last 24 hours. At press time, ADA had lost 13.27% of its value within the aforementioned period while trading at $0.50. This, after ADA dropped briefly to $0.46 on the charts. Cardano’s performance meant that it suffered a heavier loss than other cryptocurrency in the top 10. As a result, the number of ADA holders in loss hiked too. Using…
Institutions sold ETH worth $105 million during the latest correction On-chain data suggested the decline could be an opportunity to buy before another rally starts Four whales including notable institutional investors took part in selling off some of their Ethereum [ETH] holdings as the altcoin’s price collapsed on the charts. In fact, ETH depreciated by over 7% in just 24 hours. According to Lookonchain, Cumberland, a trading firm, sent a total of 17,206 ETH to exchanges. At the time of the transactions, the coins were worth $57.3 million. FTX also deposited $8.33 million worth of ETH to Binance. Finally, the…
A popular crypto trader says that a slumping memecoin could witness a colossal move to the downside after violating a key support level. Crypto analyst Ali Martinez tells his 57,700 followers on the social media platform X that the frog-themed meme asset Pepe (PEPE) is “preparing for its next move” amid its recent price woes. “Watch out for a daily close outside of the $0.00000793 – $0.00000664 range, which could lead to a 54% move for PEPE.” Source: Ali Martinez/X At time of writing, PEPE is trading for $0.0000058, well below the analyst’s support level at 0.00000664. A 54% correction…
