June 2024 – Page 34 – Coins Cap News
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Litecoin Sees Massive 75% Surge In Major Metric – Can This Trigger A Rally To $200?

Cryptocurrency Market News

Daily active addresses on the Litecoin blockchain have seen a drastic uptick despite days of uninteresting price action. The substantial rise in active Litecoin addresses and overall interest suggests a price rally could be on the horizon. Litecoin’s price movement has generally been left behind in the past month, with the cryptocurrency struggling to retain…

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Scalpers Rejoice! Top Analyst Predicts Chainlink (LINK) Short-Term Surge

Cryptocurrency Market News

The Chainlink (LINK) market is abuzz with chatter after a popular cryptocurrency analyst issued a bearish forecast. In a recent analysis, CryptoWzrd predicted a continued downward trend for LINK in the coming days, but also hinted at a potential “scalping” opportunity for nimble traders. Scalping refers to a high-frequency trading strategy where investors capitalize on…

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Friend.tech To Exit Coinbase L2 Base, Announces Migration To New Blockchain

Cryptocurrency Market News

The decentralized social network Friend.tech has unveiled plans to move from Coinbase’s Layer 2 blockchain Base to its proprietary network, Friendchain. This development will come as part of the platform’s collaboration with Conduit, a crypto infrastructure service provider. When Will The New Friend.tech Blockchain Launch? In a June 8th post on X, web3 social platform…

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Liquidation Alert As High-Risk Loans On Aave Reach $1 Billion – Details

Defi

According to aDeFi space records multi-year highs. This development is believed to stem from investors exploring various investment strategies in a bid to maximize profits in a highly anticipated crypto bull run. Aave’s High-Risk Loans 5% Short Of Liquidation Threshold In its weekly newsletter on June 8, IntoTheBlock highlights that DeFi loans are currently estimated…

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Dogecoin Price Prediction: Analyst Forecasts Meteoric 21,700% Rise To $17, Here’s When

Dogecoin

Crypto analyst Javon Marks has made an ultra-bullish prediction for the Dogecoin price in this bull run. The analyst claims that the foremost meme coin could attain such ambitious heights based on its performance in previous market cycles. Dogecoin To Rise As High As $17 In This Bull Run Marks shared a chart on his…

Dogecoin Price Prediction: Analyst Forecasts Meteoric 21,700% Rise To $17, Here’s When Read More »

Ethereum Drops Below 4-Hour SMA: Analyzing The Impact

Ethereum

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently seen its price fall below the 4-hour Simple Moving Average (SMA). This technical development is noteworthy for traders and investors, as the 4-hour SMA is often used to gauge short-term market momentum. When a cryptocurrency’s price drops below this moving average, it can signal a…

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Ripple’s 150 Million XRP Sale Keeps Price Surpressed Amid Bearish Headwinds

Xrp

Ripple has again raised concerns in the XRP community following its recent XRP sale. This comes amid XRP’s unimpressive price action, which continues to paint a bearish outlook for the crypto token.  Ripple Sells 150 Million Tokens On-chain data shows that the crypto firm offloaded 150 million XRP tokens ($78 million) on June 7. These…

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Litecoin Overtakes Ethereum In This Metric – What’s Happening?

Litecoin

The price of Litecoin (LTC) has had a disappointing performance in the second quarter of 2024, despite making a positive start to the year. The cryptocurrency has been facing significant bearish pressure in the past day, with its price falling by nearly 5% in a single move. Despite LTC’s apparent struggles in terms of price…

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Cardano Bloodbath? Sell-Off Raises Fears Of Imminent ADA Price Drop

Cryptocurrency Market News

Cardano (ADA), the smart contracts platform aiming to dethrone Ethereum, is facing a balancing act. While the token has seen a recent price increase, a potential exodus by major investors casts a shadow of doubt. Will Whales Drag ADA Down? On-chain data reveals a cause for concern for Cardano bulls. Addresses holding a significant amount…

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Toncoin (TON) Faces Price Fatigue, Possible Drawdown Ahead – Analyst

Toncoin Ton

Toncoin (TON) has been one of the best-performing crypto assets in recent times, gaining by over 221% since the start of 2024. The Telegram-integrated token has particularly caught the attention of many investors, after securing a spot in the top 10 cryptocurrencies according to market cap. However, amidst TON’s purple patch, a certain technical indicator…

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Crypto Analyst Gives Reasons Why A Face-Melting Bull Run Is On The Horizon

Crypto

Crypto analyst Lark Davis recently predicted that this bull run could be more massive than most people imagine. He outlined why this market cycle could stand out from previous ones.  Why This Bull Run Will Be “Face Melting” Davis mentioned in an X (formerly Twitter) post that crypto market participants are about to witness a…

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