ENA, the native token of the Ethereum-based synthetic dollar protocol Ethena, is today’s top-performing crypto asset. Currently trading at $0.60, its price is up by 11% over the past day. This rally follows a sharp rise in the circulating supply of USDe, Ethena’s synthetic dollar-pegged stablecoin. With aligning bullish technical indicators, ENA appears poised to keep…
While the rest of the crypto market searches for coins pushing all-time highs, the Pi Coin (PI) price has been busy doing the opposite, notching fresh lows, one after another. The PI token is down 1.2% in the past 24 hours, and nearly 25% over the last month. The latest all-time low? Just yesterday. However,…
Pi Network (PI) opened August with a steep drop, hitting a new all-time low of $0.32 on August 1. Although the altcoin has since managed a modest recovery to $0.36, bearish sentiment continues to dominate. This hints at a potential revisit to the cycle low or a steeper decline below this level over the next…
Hedera Hashgraph’s native token HBAR has plummeted by 15% over the past week, dragged down by a broader market pullback. As the crypto market continues to show signs of weakening momentum, technical indicators suggest HBAR’s downturn may be far from over. HBAR Drops Under 20-Day EMA as Bears Take Over Readings from the one-day chart…
Interest in XRP is cooling off, with key on-chain metrics signaling potential short-term weakness ahead. With waning bullish sentiment across the broader market, these factors suggest a likely deeper price decline for XRP in the coming trading sessions. XRP Traders Are Tapping Out: $222 Million Exit Signals Fear XRP’s falling Estimated Leverage Ratio (ELR) on…
August has begun on a tricky footing for the crypto market, especially for ‘made in USA’ coins. Trading activity has fallen as investors rush to lock in profits from July’s strong rally. Over the past week, the global crypto market capitalization has slipped by 5%, signaling a drop in demand and a broader market cooldown….
The first week of August has kicked off with a slowdown in global cryptocurrency market activity. Over the past seven days, the total market capitalization has dipped by over 5%, reflecting reduced trading momentum and a more cautious investor sentiment across major digital assets. Despite the broader market cooldown, Nigeria’s retail crypto community continues to…
Cardano price isn’t escaping the broader market’s sell-off. The Cardano price has dropped 7.6% in the past 24 hours, trimming much of its recent gains. Yet, on a monthly scale, ADA is still up 28.6%, leaving traders caught between optimism and fear. Behind the scenes, a bigger battle is playing out: super whales are selling,…
Shiba Inu (SHIB), one of the most popular meme coins in the cryptocurrency market, has been facing significant downward pressure recently. The altcoin has experienced a sharp 21% decline in the last 10 days, dropping to $0.00001210. While the broader market has had its ups and downs, this particular decline is largely attributed to investor…
The crypto market is filled with tokens often lost in the chaos of volatility. However, over the past month, several altcoins have gained attention on social media platforms. Their performance reflects their growing prominence, positioning them as assets that investors should closely monitor. Thus, BeInCrypto has analysed three such hidden gem altcoins that investors might…