According to a recent report by the online database platform Messari, the Hedera (HBAR) Network, an open-source, public blockchain governed by the Hedera Governing Council, has showcased significant growth in the face of a challenging crypto market during Q3 2023. Hedera Network Hits New Record With 99 Million Daily Transactions Per the report, Hedera Network’s…
Ether (ETH), the second-largest cryptocurrency by market capitalization, has been on a downward trajectory for the past three months. Despite a brief fake-out rally, ETH has struggled to regain its footing in the crypto market. The recent rally, though short-lived, has brought about interesting developments in the derivatives market. While Bitcoin’s open interest (OI) witnessed…
Dogecoin (DOGE) has found itself in a precarious position, with its price being squeezed into a narrow range, hinting at a potential decisive breakout in the near future. Market analysts closely monitor the crypto’s struggle to breach a longstanding resistance trendline, as an upside breakout could trigger a fresh rally, while a continuation of the…
In the next three days, our team at NewsBTC will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, one of the hottest trends in crypto. Following The Trend, What To Look For At xDay 2023?…
In the middle of escalating tensions between Israel and Hamas, over 100 legislators, led by Senators Elizabeth Warren and Roger Marshall and Representative Sean Casten, have issued a bipartisan note urging the Biden administration to address alleged close relations between crypto and terrorism. The lawmakers express alarm over reported evidence suggesting that Hamas successfully evaded…
Shiba Inu (SHIB) has recently experienced a dramatic decline in its burn rate. This plunge, amounting to a staggering 90.57%, comes at a time when the SHIB token is facing a sharp drop in its market price. Typically, lower token prices present more extensive opportunities for token burning as it becomes more affordable to acquire…
Cardano (ADA) investors are currently grappling with a critical juncture as the cryptocurrency struggles to maintain its positive momentum within a triangle pattern. Priced at $0.246925 according to CoinGecko, the ADA market is currently navigating through a complex landscape of potential pitfalls and prospects. Despite a 1.3% decline in the last 24 hours and a…
In a recent trend evident on crypto charts, Bitcoin dominance is once again on the rise, prompting some traders and investors to rethink their strategies concerning altcoins. An in-depth analysis of the data, coupled with insights from prominent crypto analysts, unveils several compelling reasons to exercise caution when considering an altcoin purchase at this moment.…
Despite seeing a notable increase of 15.2% in value yesterday, the current price of Bitcoin SV remains steady at a little over $39 compared to the previous day. The current market situation involves a struggle with the immediate dynamic resistance level, leading to a state of uneasiness among traders. Bitcoin SV, a Bitcoin fork, is…
The recent price surge of Solana (SOL) encountered a significant roadblock at the $25 mark, which prompted a reversal following a retest in early October. Despite this setback, the market sentiment remained relatively positive, with demand showing resilience at press time. SOL traders on higher time scales may find themselves in a state of uncertainty…