July 2024 – Page 9 – Coins Cap News
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Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom — Analyst

Cryptocurrency Market News

Recently, injective (INJ) has undergone explosive growth, pushing itself to unprecedented heights and drawing interest both from experts and bitcoin aficionados. Over the past week, the digital asset has jumped about 32%, and a measly 1% in the last day. INJ, at the time of writing, was trading at $26.17. A chance that its price…

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Shiba Inu Price Drops 10% As 5 Trillion SHIB Flood To Exchanges Following WazirX’s Exploit

Shiba Inu

WazirX, one of India’s largest cryptocurrency exchanges, suffered a security breach on Thursday that resulted in the loss of $230 million, nearly half of its reserves. The exchange referred to the incident as a “force majeure event.” However, the repercussions extend beyond WazirX alone, casting a shadow of uncertainty over Shiba Inu (SHIB) holders. Panic…

Shiba Inu Price Drops 10% As 5 Trillion SHIB Flood To Exchanges Following WazirX’s Exploit Read More »

Buying ‘Ethereum Beta’ Altcoins Is A Recipe For Disaster, Researcher Finds

Cryptocurrency Market News

In a research report released on July 18, 2024, Thor Hartvigsen, a crypto researcher, strongly cautioned against the investment strategy of purchasing high-beta altcoins within the Ethereum ecosystem as a leveraged tactic, particularly with the forthcoming launch of the spot Ethereum ETFs in the United States. Hartvigsen’s analysis titled “ETH Beta – a Recipe for…

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Polygon Announces Date For MATIC To POL Token Upgrade, Price Drops 7%

Cryptocurrency Market News

On Thursday, the Polygon Foundation announced the date for its upcoming MATIC to POL upgrade after reaching a community consensus. The long-awaited token migration will occur in less than two months and aims to kickstart Polygon’s native token expansion. MATIC saw a 7% drop following the news. Save The Date: Polygon Token Upgrade Coming Soon…

Polygon Announces Date For MATIC To POL Token Upgrade, Price Drops 7% Read More »

Solana Price (SOL) Targets Upside Breakout: Will It Reach New Monthly Highs?

Technical Analysis

Solana started a steady increase above the $155 zone. SOL price is signaling a decent increase above the $162 and $165 resistance levels. SOL price started a decent upward move above the $155 resistance against the US Dollar. The price is now trading above $158 and the 100-hourly simple moving average. There is a key…

Solana Price (SOL) Targets Upside Breakout: Will It Reach New Monthly Highs? Read More »

Bitcoin Price Hints at Downside: Preparing for Potential Declines

Btc

Bitcoin price corrected gained from the $66,000 resistance level. BTC dipped below $64,000 and might extend losses in the short term. Bitcoin started a fresh downside correction from the $66,000 resistance zone. The price is trading below $64,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line…

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