NEAR extends its 50% gain as user activity, network TVL and a critical network upgrade boost interest in the blockchain.
NEAR, the native token of the Near Protocol, continued its uptrend after rising by 2.3% over the last 24 hours to trade at $5.21.
Data from Cointelegraph Markets Pro and TradingView show that after falling to a Sept. 6 low at $3.41, NEAR climbed by 57% to establish an eight-week high at $5.36 on Sept. 24.
NEAR/USD daily chart. Source: TradingView
SOL price bounced off the $120 support multiple times since April, leading traders to believe that the current market recovery will lead to an explosive rally.
Crypto traders have zoomed in on the emergence of a strong support line on Solana’s price chart, leading some to believe it is the launch pad for a “sizable” upside move in the near future.
“Looks like $SOL held support at $120,” veteran trader Peter Brandt wrote in a Sept. 20 post. Brandt was referring to the Solana’s price action on the daily chart, showing SOL’s consolidation in a rectangle with lower limit of the rectangle at $120 acting as support since mid-April.
BTC/USD daily chart. Source: Peter Brandt
Layer-1 blockchain The Open Network (TON) is issuing a statement in support of Telegram founder Pavel Durov after his recent arrest in France. TON says on the social media platform that its network will continue to run as usual following Durov’s detention over alleged offenses related to the Telegram messaging app. “As a community committed […]
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The native token of a cross-chain bridge project is in the green after top US crypto exchange Coinbase suddenly announced its trading support. In a new Coinbase announcement, the platform says it is listing cross-chain bridge Across Protocol (ACX) for trading over the Ethereum (ETH) network. “Trading will begin on August 21st, 2024 at or […]
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A decentralized finance (DeFi) altcoin is outperforming the broader crypto market this week, sparking a 30% surge amid inflation rate cuts. In a new blog post, DeFi protocol Curve Finance (CRV) says that for its fourth birthday, it is undergoing one of the most significant emissions reductions in its history, one that ends all emissions […]
The post DeFi Altcoin Curve (CRV) Outpaces Crypto Market and Surges 30% This Week Amid Massive Inflation Rate Cut appeared first on The Daily Hodl.
A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?
On Aug. 2, $2.9 trillion vanished from the stock markets, resulting in the worst day of trading since the COVID-19 crash in 2020. Mounting recession fears and other factors have also plunged the crypto markets, flooding the sentiment with fear.
Bitcoin (BTC) has dropped by 27%, Ether (ETH) by 34%, and more than $1.13 billion in futures positions have been liquidated. The last-day market action has dramatically changed the Fear & Greed Index from greed (74) to fear (26), very close to extreme fear.
The CBOE Volatility Index (VIX), which measures stock market volatility based on S&P 500 index options, reached 65, the highest level since the pandemic crash. This indicates that markets could enter an extreme turbulence phase. The reasons for this downfall are not crypto-specific but clearly affect Bitcoin and especially the altcoin market.
A closely followed crypto strategist believes that one red-hot altcoin project is on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that dogwifhat (WIF) may have yet to find a market bottom. “WIF: decent area overall, I expect a bounce. But I don’t really think […]
The post Trader Says Solana-Based Altcoin That’s Up Over 1,200% in Six Months Headed Lower, Updates Outlook on Bitcoin appeared first on The Daily Hodl.
Artificial intelligence (AI)-based digital asset Worldcoin (WLD) is claiming that nearly nine out of ten users in Spain, a country that banned it earlier this year, support the altcoin’s return. In a new blog post, Worldcoin – an eye-scanning, privacy-focused project founded by OpenAI CEO Sam Altman – says it has conducted a study of […]
The post Spain Forces Worldcoin (WLD) To Halt Operations As the Project Claims 87% of Spanish Users Support Its Return appeared first on The Daily Hodl.
According to Reuters, sources revealed that the U.S. Securities and Exchange Commission (SEC) has requested Nasdaq and Cboe to “fine-tune” their spot ethereum exchange-traded fund proposals. Ethereum experienced a 22% increase over the past day, coasting along at $3,785 per unit on Monday at 9:30 a.m. Eastern Time. Reported SEC ‘Fine-Tuning’ Request Fuels Ethereum Rally […]
Over the past 90 days, while bitcoin has shown steady performance, 19 other cryptocurrencies have outpaced the leading digital asset in terms of price growth. However, the Altcoin Season Index, which measures the performance of these cryptocurrencies against bitcoin, has dropped from 59 to 39 since early April, signaling that an altcoin season is unlikely […]