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Shiba Inu’s Shibarium has achieved a significant milestone. Also, a large Solana whale has transferred $11 million. Could a major token dump be coming? Meanwhile, Everlodge’s presale has gained momentum as more investors move to stockpile more tokens. Shiba Inu (SHIB) shibarium sees increased adoption Shibarium, Shiba Inu’s L2 blockchain, has experienced a massive increase in activity, as reported by Shibariumscan . The number of daily new contracts created on the network has surged by 3,000%. This shows an increase in adoption from users.  The price of the Shiba Inu coin shot up to $0.00000863 on November 9th. In the last 30 days and the last 7 days, the price has risen by 23.9% and 8.5%, respectively. Furthermore, the technical indications for the Shiba Inu suggest that the positive momentum will persist. As a result, the price prognosis for the Shiba Inu suggests a positive trend movement to recover the 2021 highs.   Bulls in S...

PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal. Ether (ETH) price has been locked within a tight trading range spanning from $1,800 to $1,900 since July 21. This remarkable lack of volatility has instilled a sense of uncertainty and skepticism among investors, despite recent positive developments which include the launch of PayPal's Ethereum-based stablecoin, and a surge in requests for Ether-based exchange-traded funds (ETFs). PayPal's entrance into the world of cryptocurrencies could signify a major step toward mainstream adoption for Ethereum. However, this move also raises concerns about centralization and the potential loss of control over personal assets. At the same time, the United States Securities and Exchange Commission (SEC) has recently witnessed a surge in applications for Ether exchange-traded funds (ETFs), which mirrors a trend of major asset management firms seeking to establish spo...

BTC price should see a serious shake-up in the coming days, but Bitcoin market participants are increasingly worried it will be to the downside. Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close. BTC/USD 1-hour chart. Source: TradingView $19,000-$23,000 "still on the cards" for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed acting below $30,000, now set as intraday resistance. July 22 saw a brief dip to $29,640 before a recovery in time for the daily close, but trader s remained worried that worse was to come. https://t.co/GY0AgGbAnn — Crypto Chase (@Crypto_Chase) July 22, 2023 “So we have a double top rejection currently on BTC, so we need to really make a note of levels incase we drop,” popular trader Crypto Tony warned Twitter followers in fresh analysis of the 3-day chart. “Those two levels are $25,000 & $20,000, and these are both key psychological levels. Make a note.” BTC/USD annotated ...

Bitcoin and altcoins feel the pressure of the week's regulatory bombshells, with BTC price action steadying below the key 200-week moving average. Bitcoin (BTC) challenged three -month lows into June 10 as altcoins in particular felt the heat from United States regulatory pressure. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Altcoin bloodbath as exchanges reshape landscape Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,483 on the day, down over $1,200 from the previous day’s high. While showing weakness, Bitcoin was spared the fate of major altcoins, which reacted strongly to delisting that accompanied U.S. legal action against major exchanges. Trading app Robinhood announced that it would remove support for several cryptocurrencies named in the lawsuit against Binance and Coinbase by the U.S. Securities and Exchange Commission (SEC). These subsequently hemorrhaged value, with both Cardano (ADA) and Solana (SOL) down nearly 25% in ...

Ethereum could eventually fall afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level. Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support.  The SEC actions are actually a double-edged sword for Ethereum and on crypto Twitter, some analysts attributed the bounce in Ether as a result of it not being listed as a security in either of the cases brought against Binance and Coinbase. For instance, the SEC explicitly mentioned BNB, Solana (SOL) and Cardano (ADA), which are direct competitors to Ethereum’s smart contract processing capabilities. However, as noted by analyst Jevgenijs Kazanins, Ether’s omission does not mean that it has the green light from the SEC. SEC did not mention #ETH in the list of tokens that i...

Bitcoin faces a new round of potential volatility catalysts over the coming week after BTC price sheds 10%. Bitcoin (BTC) is keeping everyone on their toes when it comes to price trajectory — where will it go next? BTC price down 10% after bad week  After a week in which BTC/USD fell by 10%, sentiment is getting a reset and traders are eyeing key support levels closer to $25,000. At the same time, consensus is far from unanimous over market health — some believe that the next phase of upside is around the corner. As macro markets gear up for a new period of crucial data and moves from the United States Federal Reserve, volatility catalysts are waiting in the wings, with Bitcoin potentially not staying calm for long. Cointelegraph takes a look at the upcoming scenarios that could cause BTC/USD to quit its short-term sideways trading pattern. Will the Fed call the market's bluff? It may be all quiet so far when it comes to macroeconomic triggers this week, but that is about to chan...

Dogecoin's 2021 and 2023 price rallies have largely been sparked by Elon Musk but the latter still has much more room to run if history repeats. The price of Dogecoin (DOGE) has almost doubled after bottoming out at $0.0491 in June 2022, alongside a similar recovery across the cryptocurrency market. On April 20, DOGE is trading for as high as $0.0942, up around 94% versus the last year's bottom. But, despite its impressive rebound, its price is still 88% below its all-time high of $0.76 set in May 2021.  Thus, the DOGE/USD pair remains far from establishing a decisive bullish reversal on longer timeframes. DOGE/USD three-day price chart. Source: TradingView Dogecoin's bullish reversal ahead? Dogecoin price soared over 23,000% in 2021 primarily due to Elon Musk's vocal support. Ironically, DOGE/USD topped after Musk called it a "hustle" during his Saturday Night Live appearance in May 2021. DOGE price entered a prolonged long bearish cycle, furthered by the...

Bitcoin is giving off fresh signals that it is soon time for a BTC price surge, but old support may need a retest first. Bitcoin (BTC) continues to tread water at the April 10 Wall Street open, but crypto market participants are betting on a serious breakout next. After a late surge took BTC/USD to its highest weekly close since June 2022, there is new optimism over an attack on $30,000. Data from Cointelegraph Markets Pro and TradingView shows a cool start to the macro trading week, with $28,200 currently forming a focus. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView With formidable resistance overhead, however, Bitcoin has spent much of the last week in a firmly established but increasingly narrow trading range. The longer this holds, the theory goes, the more intense the eventual breakout should be — whether up or down. Cointelegraph takes a look at some popular analysts’ outlooks when it comes to what BTC price action will do next. Material Indicators: Will Bitcoin “p...

While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether's price in the mid-to-long term, according to Vivek Raman. While it may have some short-term negative impact on the price of Ether (ETH), the upcoming Shanghai upgrade will be extremely bullish for Ethereum's native token, as it will attract more capital to staking and increase the network's security, according to Ethereum researcher Vivek Raman.  The Shanghai upgrade , scheduled for April 12, will allow network validators to withdraw funds that have been locked to secure the network since December 2020. The upgrade will complete the network’s transition to a proof-of-stake system, which started last October with the Merge. Around 18 million ETH will be available for withdrawal following Shanghai. According to Raman, that may lead to some selling pressure on ETH's price in the short term. However, in the long run, the ability to unstake Ether will “de-risk...

Litecoin is the winner in daily crypto gains as whales appear to be behind the ongoing LTC price rally, on-chain data suggests. Litecoin (LTC) emerged as one of the best-performing cryptocurrencies on March 23, surpassing its top-ranking rivals Bitcoin (BTC) and Ether (ETH).  Litecoin attracts Bitcoin and Ethereum investors LTC price rallied 5.5% to reach an intraday high of around $92.50. In comparison, the total crypto market capitalization (TOTAL) has risen 2.25% to $1.14 trillion, with BTC and ETH rising 1.79% and 1.42%, respectively. The Federal Reserve's 25 basis points (bps) rate hike on March 22 appears to be the key driver behind Litecoin beating its crypto rivals over the past 24 hours. Notably, LTC price rallied over 15% versus BTC and about 14.5% versus ETH since the Fed announcement. LTC/ETH and LTC/BTC daily price chart. Source: TradingView One reason could be that Litecoin has relatively underperformed the cryptocurrency market in March, dropping over 6.5% month-t...

Holding gains above $1,750 remains a challenge for ETH, but derivatives data shows traders believe future downside moves will be limited to the most immediate price support. The price of Ether (ETH) declined 9.8% between Feb. 19 and Feb. 25 after the price resistance at $1,725 proved stronger than expected. Still, the correction was insufficient to break the 6-week-long ascending channel and did not cause Ether derivatives metrics to turn bearish. Ether (ETH) price index in USD, 1-day. Source: TradingView Ether's price resilience can be partially explained by the operational failure of some of its smart contract blockchain competitors. For instance, Solana (SOL) faced a 20-hour-long outage on Feb. 25, which was only resolved after a network upgrade coordinated by validators. The network restart also involved purging some of the latest slots, although Solana developers said that "no confirmed user transactions were rolled back or impacted." NEM (XEM) experienced a ...

Bitcoin nearly broke its record for the longest streak of daily green price candles this month, but many believe its recent surge could be short-lived. While Bitcoin (BTC) has experienced a strong price pump to kick off the new year, many industry pundits are not convinced the cryptocurrency will continue its upward trajectory — at least in the short to mid-term.  The impressive price surge — which saw BTC experience 14 days of consecutive price increases earlier this month — has called on many to consider whether the surge marks a significant “breakthrough” or is indicative of a “bull trap.” Speaking to Cointelegraph on Jan. 23, James Edwards — a cryptocurrency analyst at Australian-based fintech firm Finder — said the argument for a “bull trap” is stronger, warning the recent surge could be “short-lived.” He stated that while the BTC price moved upwards over the weekend, the NASDAQ Composite and the S&P 500 also made similar rallies: “This suggests to me that the rally in crypto...

A new 100-week "point of control" is appearing below $17,000 as the age-old Bitcoin trading range endures. Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests. In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone. Point of control establishing below $17,000? Bitcoin’s lack of volatility has led commentators to debate when a breakout could occur — and in what direction it could go. So far, however, the increasingly narrow trading range in place since the FTX saga in November remains in control. Now, on-chain analysis is hinting that, contrary to some beliefs, BTC/USD may not have further to fall in the current phase of the bear market. Trend Rider eyed the one-week chart to flag $16,800 as the current 100-week point of control (PoC) — the price level generating the largest volume in the specific period. The longer the period and...