July 2024 – Page 24 – Coins Cap News
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Polygon Records Over 1 Million Active Addresses – Impact On MATIC Price

All

The Layer-2 scaling solution for Ethereum, Polygon (MATIC), is currently going through a strange circumstance. The quantity of network activity has increased significantly, but the cryptocurrency’s price is still unpredictable. It’s stuck in a rut, held back by both a possible technical breakthrough and a chronically pessimistic outlook. Polygon: Can Active Addresses Raise The Bar?…

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8 Reasons Why The Bitcoin Bear Phase Is Just A ‘Boogeyman’: Fund Manager

Bitcoin

While the Bitcoin price hasn’t reclaimed the crucial $60,000 level to reenter the previous 4-month trading range, Ikigai Asset Management Chief Investment Officer (CIO) Travis Kling thinks that the current bearish phase is not more than a “boogeyman.” Via X, Kling listed eight reasons to be bullish on Bitcoin. He stated: “NFA. I’m wrong often.…

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Bitcoin Traders Beware: Analyst Warns Of Potential Traps Amid Price Fluctuations

Bitcoin News

In a recent episode of Crypto Banter’s “The Sniper Trading Show,” the analyst dissected Bitcoin, discussing various hurdles and approaches to handle trading through these challenges. With Bitcoin currently teetering around the $57,403 mark, up by 2.4% in the past 24 hours yet still down 21.9% from its March peak, the market sentiment is cautiously…

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Bitcoin Loses Correlation With US Equities As Supply Challenges Mount

Bitcoin News

In recent months, the correlation between surging US equities and Bitcoin (BTC) has shown signs of collapse, as the cryptocurrency faces a combination of excess supply and weakened demand that has led to an over 20% price drop from June highs above $70,000 for the largest cryptocurrency on the market.  Bitcoin Correlation With Nasdaq 100…

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Bonk Inu (BONK) Skyrockets 10%, Dethroning WIF As Solana’s Largest Meme Coin

Cryptocurrency Market News

The dog-themed meme coin, Bonk Inu (BONK), has seen a significant price increase over the past 24 hours, reaching a one-month high of $0.00002698. The meme coin’s price jumped 10%, coinciding with the broader market rally, resulting in Bonk Inu becoming the largest meme coin by market capitalization in the Solana ecosystem, surpassing Dogwifhat (WIF).…

Bonk Inu (BONK) Skyrockets 10%, Dethroning WIF As Solana’s Largest Meme Coin Read More »

Avalanche (AVAX) Price Teases Breakout: Momentum Could Drive More Upsides

Avax

AVAX price is gaining pace above the $26.50 resistance. Avalanche could rise further if there is a clear move above the $27.75 resistance zone. AVAX price is moving higher from the $24.70 support zone against the US dollar. The price is trading above $26.50 and the 100-hourly simple moving average. There was a break above…

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XRP Price Set For Comeback: Breaking This Resistance Could Trigger Recovery

Xrp

XRP price is consolidating above the $0.420 support zone. The price could gain bullish momentum if there is a move above the $0.440 and $0.4450 resistance levels. XRP price is attempting a recovery wave above the $0.4220 zone. The price is now trading above $0.430 and the 100-hourly Simple Moving Average. There is a short-term…

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Ethereum Price Targets Upside Break: Positive Indicators Light the Path

Eth

Ethereum price seems to be aiming for a decent recovery. ETH could gain bullish momentum if there is a clear move above the $3,110 resistance. Ethereum is slowly moving higher above the $3,000 level. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a short-term declining channel or a bullish…

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Bitcoin to the Moon? 300% Growth Predicted By This Latest Crypto Analysis

Bitcoin News

Bitcoin is preparing itself for a substantial bull run in the years ahead. One of the latest price trend models predicts significant gains by late 2025 from an analysis rooted in ‘power law,’ a statistical method that has historically proven to be a solid support band for Bitcoin’s value. Revisiting the theory, an engineer named…

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83% Of All Bitcoin Holders Still In Profit Despite Drop Below $60,000

Bitcoin

Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market billions of dollars. However, despite this, Bitcoin holders are still seeing major…

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