Sky is reconsidering its rebrand from MakerDAO after community pushback, with options including returning to the original MakerDAO brand or adopting a hybrid approach.
Crypto Daily 2024-10-22 16:39
ApeCoin token experienced a sharp reversal on Oct. 22, erasing some of the gains made in the previous five days. ApeCoin (APE), associated with Yuga Labs, the creators of Bored Ape Yacht Club, retreated to $1.44, down by nearly 20%…
nft.news 2024-10-22 16:38
Solana rival Aptos (APT) just formed rare bullish golden cross, sparking hopes of another major rally like its 175% surge last December
U.Today 2024-10-22 16:38
Binance and Crypto.com Lose Market Share as DEXs Gain Traction In a notable shift within the cryptocurrency exchange landscape, Binance and Crypto.com are experiencing a decline in their market share. According to a 0XScope research report shared with Cointelegraph, Binance’s spot trading volume has decreased from 52.5% to 39.54%, and its derivatives market has fallen
Bitcoin World 2024-10-22 16:35
As of Oct. 22, 2024, bitcoin (BTC) is priced at $67,058.95, fluctuating within a 24-hour range of $66,669 to $68,268. With a market cap of $1.32 trillion and a daily trading volume hitting $44.03 billion, the digital currency appears to be in a consolidation phase, according to technical indicators. These indicators suggest that while things
Bitcoin.com 2024-10-22 16:35
Solana (SOL) continues to show significant upward momentum in the cryptocurrency market, following a strong breakout. This layer one (L1) blockchain has established itself as a formidable player, boasting numerous
CoinOtag 2024-10-22 16:34
The post Bitcoin Price Analysis: Bullish, Bearish and Neutral Scenarios Explained appeared first on Coinpedia Fintech News Currently, Bitcoin is positioned at a critical juncture. A strong support at $66,000 is important for any upward movement. Recent analysis on Crypto Banter’s The Sniper Trading Show explains a crucial support level for Bitcoin. Analysts anticipate the formation of a pin bar candle, suggesting a push toward the $70,000 zone in the coming weeks. …
coinpedia 2024-10-22 16:33
Uniswap Criticized for Unichain Launch and Alleged Favoritism Toward Optimism In a significant development within the decentralized finance (DeFi) ecosystem, Uniswap, one of the leading decentralized exchanges (DEXs), has come under fire following the sudden launch of its Unichain platform. Billy Gao, a major UNI token holder and Head of Governance at Stanford Crypto, has
Bitcoin World 2024-10-22 16:31
Netflix has shut down Netflix Games, its AAA game studio in the US. The closure prompted key staff who had previously worked on games such as Halo, Overwatch, and God of War to leave. The media juggernaut’s focus on smaller game titles is attributed to the studio's closure.
Cryptopolitan 2024-10-22 16:30
Rising as one of the best-performing meme coins, Shiba Inu (SHIB) keeps making headlines in the crypto scene. The meme coin has jumped by over 30% during the past month, drawing both retail and analytical interest. Some analysts think SHIB may soon overcome a major resistance level with a community-driven rally bringing its market capitalization over $11 billion, therefore enabling even further gains. Related Reading: ApeCoin Climbs Over 100% On Major Tech Advancements – Details This thrill is driven mostly by a prediction from a pseudonymous analyst called FOUR. Fueled by what he describes as a “hyper meme coin cycle,” FOUR claims Shiba Inu is poised to hit new peaks. FOUR projects that a break above the $0.00002169 resistance level could send the price skyrocketing to $0.00003260, so indicating a possible 71% increase from SHIB, which is currently trading at $0.00001912. $SHIB is Marching towards $0.00003260 price very soon than you expect ⚡ Memes super cycle is just started #Shib #MemeSeason #MemeSupercycle pic.twitter.com/8QXXiE7odd — FOUR | Crypto Spaces (@X_Four_iv) October 19, 2024 Shiba Inu: Major Resistance Level At $0.00002169 For traders and experts, the resistance level of $0.00002169 now takes front stage. Previously tested during a late September rush, this pricing point was rejected. But SHIB’s present increasing momentum has rekindled hope that this barrier will soon be broken. Analysts contend that if SHIB surpasses this level, it could set off a quick price rise motivated by ongoing support from its large population. FOUR’s research fits this perspective. He points to the recent weekly candle close, implying that SHIB is getting closer to conquering its present obstacles. Shiba Inu might rapidly experience a notable increase in value if the resistance is overcome since the positive momentum has been growing. Retail Investors Promoting The Rally One may mostly credit Shiba Inu’s rise on the retail investor level. Data from CoinMarketCap shows that nearly 90% of SHIB holders are small investors holding anything from $0 to $1,000. The popularity of the coin has been driven by this grassroots support, hence increasing its resilience to changes in the market. The continuous rally can be attributed to retail investors believing in SHIB’s future for additional expansion. This is #SHIB analytics from #Coinmarketcap . The blue colors are owned by retail with $0-$1K bag holders . Almost 10% of holders have $1k-$100K bag value and only .20% have 100K and above SHIB Bag . These belongs to exchange . This is a perfect narrative why SHIB should be an… pic.twitter.com/i7x8D49tUn — Lola (@CryptoLollla) October 20, 2024 Still, it’s interesting to note that nearly a quarter of the meme coin’s holders had assets valued more than $100,000. Though rare, this group is important in the ecosystem and might perhaps include liquidity providers and exchanges. Related Reading: BONK Jumps 20% As ‘Dog Season’ Starts, Analyst Says Positive Viewpoint In Spite Of Volatility Though Shiba Inu has a history of instability, some market analysts see a bright future for it. The community-driven support of the currency along with the larger meme coin cycle might drive SHIB higher in the next coming weeks. FOUR’s estimate of a 71% increase depends on breaking important barriers. Investors will be closely observing to see if Shiba Inu can sustain its increasing pace and remove obstacles in its path. Featured image from Katerina_Brusnika//Getty Images, chart from TradingView
NewsBTC 2024-10-22 16:30
Stripe’s Acquisition of Bridge Validates Stablecoin Use for Cross-Border Payments, Says Bernstein In a significant development within the fintech and cryptocurrency sectors, Stripe, the leading online payment processing company, has acquired the stablecoin platform Bridge. According to a report by Wall Street investment bank Bernstein, as highlighted by CoinDesk, this acquisition marks the largest crypto-related
Bitcoin World 2024-10-22 16:29
Layer-2 network Scroll released its long-awaited native governance token on Tuesday. Traders have priced SCR at around $1.10, or a $212 million market cap, based on the circulating supply figure of 190 million.
CoinDesk 2024-10-22 16:29