Stellar’s native token XLM has trended steadily downward since reaching a local cycle peak of $0.52 on July 18. Now trading around $0.39, the altcoin has lost 14% of its value in just over two weeks, as bearish sentiment gathers pace heading into a historically difficult month for the token. XLM’s August Curse Returns With…
The SEC’s Project Crypto, announced yesterday, has already sent ripples through the market. The initiative promises to bring U.S. capital markets on-chain. That would be enabled via regulated blockchain-based trading, custody, and tokenized securities. While the broader market has been sliding, down 7.2% day-on-day, since the announcement, crypto whales are quietly stacking tokens. Mostly altcoins…
Telegram-linked Toncoin (TON) has emerged as today’s top gainer, posting a modest 1% price increase in the past 24 hours. This comes in stark contrast to the broader crypto market, which has seen a notable pullback. Global crypto market capitalization has declined by nearly 3% over the same period, with most major assets trading in…
Ethereum has seen a period of sideways movement over the last ten days, despite the broader cryptocurrency market experiencing significant price drops. It has managed to hold steady, a sign of resilience, but ETH still hasn’t reached its absolute reversal point. This point is critical for triggering a broader price shift. Ethereum Has A Long…
PENGU, the native token tied to the top NFT project Pudgy Penguins, has climbed by 6% in the past 24 hours amid a noticeable uptick in trading volume. As investor interest climbs, on-chain data flashes signs of potential continuation in PENGU’s upward momentum. PENGU Gears Up for Another Leg Higher Two key on-chain metrics suggest…
Stellar’s (XLM) recent price action has faced downward pressure, causing concerns among investors. After a 97% price surge earlier this month, the cryptocurrency is now on the brink of erasing those gains. The next few days will depend largely on broader market movements, which will play a pivotal role in determining the recovery of the…
Hedera (HBAR) just closed July with 85% gains, marking its strongest monthly performance of the year. However, August has not historically been kind to HBAR. Over the past five years, the token’s average August return is -3.26%, with a median of just 0.31%, making it one of the weaker months for the asset. The question…
Ethereum marked its 10th anniversary on July 30. This was a major milestone that brought renewed momentum across its ecosystem during the month. The network’s native token, ETH, nearly doubled in value over the past two months, climbing from around $1,500 in April to a local peak of $3,800 in July. This rally coincided with…
Shiba Inu’s price has been stuck in limbo, unable to make a decisive move higher even after a 15% monthly gain. Over the past week, SHIB barely moved 2%, in line with the broader market pullback. Despite a bullish wedge pattern suggesting an eventual breakout, fresh data shows big holders and weak buyer activity are…
Ethena’s native token, ENA, has extended its month-long winning streak with a 14% surge over the past 24 hours, trading at $0.670 at press time. The price spike brings ENA’s total monthly gains to over 155%, making it one of the standout performers in the crypto market this July. ENA’s Market Conviction Strengthens With $1.42…