News from the world of cryptocurrency
The non-fungible token (NFT) market will likely encounter another massive test, with bearish challenges continuing to deteriorate floor prices. The recent scrutiny will involve a legal fight now. Nathaniel Chastain, former OpenSea manager, latest stated that the US plans an…
The BAYC (Bored Ape Yacht Club) NFT collection saw its Ethereum floor price plummeting to 65 ETH last week. NFT Floor Price data shows the decline was the lowest since 2022 started. Moreover, CoinGecko revealed that BAYC’s floor price maintained…
Bitcoin has seen a decent recovery within an upward channel since early July. Nevertheless, the resistance at $23.8K – $24.4K triggered a slump, dragging the king lower and confirming a patterned breakdown. The present selling momentum has triggered a bearish…
Bears have seemingly dominated the marketplace over the past 20 days following July’s attractive surge that saw most digital coins experiencing new price heights. The leading crypto, Bitcoin, has lost approximately 9%. Also, Ethereum surrendered more than 3% since the…
ApeCoin (APE) has seen offers on all fronts within the past couple of weeks. The altcoin from the NFT collection BAYC (Bored Ape Yacht Club) saw the market offer from MagicEden on August 9. ApeCoin’s price response didn’t whip HODLers…
The Ethereum community show increased excitement as the much-anticipated Merge approaches. Scheduled to occur in mid-Sep 2022, it sees multiple misinformation and misconceptions. Thus, the ETH Foundation recently published a post highlighting many misconceptions and clarifying the same. Reality Check…
Bitcoin has seen back-and-forth tendencies since the leading crypto touched $25K on August 15. While investors could have hoped for more upside, that hasn’t been the scenario, and BTC consolidated near $23K support during this publication. Earlier, markets talked about…
Polygon enjoyed an impressive week as the alternative token chased a milestone with decentralized finance (DeFi). It’s now the 5th latest platform in DeFi TVL (total value locked) after surpassing Solana. DefiLlama data shows Polygon’s recent TVL at $2.07 billion,…
Avalanche flipped a 180 after declining to 10-month lows in mid-June. The emerged bullish revival propelled the altcoin to reclaim crucial support areas. Meanwhile, the short-term superiority swayed to favor bullishness as the altcoin fixed its position beyond the 20-50-200…
Solana’s 2022 performance remains among the best in the crypto world recently. Unfortunately, the ETH Killer couldn’t replicate the bullish upside. And it stayed a staggering 83.68% beneath its ATH (CryptoQuant data). The crypto noted upticks following the successful Ethereum…