Crypto Analyst Predicts Solana Could Mirror Cardano Price Action – A Buy Or Sell Alarm?

The general crypto market has seen a decline in the last week, with most assets recording significant losses. Solana (SOL), one of the most prominent cryptocurrencies, is down by 11.50% in the last seven days and 16.17% in the last month. Interestingly, popular crypto analyst, Benjamin Cowen has posted a puzzling prediction on Solana, drawing much similarity between the token’s […]

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Here’s what the latest Bitcoin price correction reveals

In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman delves into Bitcoin’s recent drop to $26,000. Derivatives market analysis shows Bitcoin (BTC) options and futures metrics lack signs of professional traders going bearish, and while that doesn’t guarantee a quick return to $29,000 support, it reduces the chances of an extended correction. Pechman presents a Kaiko data […]

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Ben Armstrong Takes a Closer Look at XRP Ledger

Earlier today, Ben Armstrong, a prominent figure in the cryptocurrency world, shared a video update about the importance of XRP with his over 1.45 million YouTube channel subscribers. Below is a breakdown of what Armstrong said about the XRP Ledger (XRPL) in this video: Nature and Functionality of XRPL The XRP Ledger is a public blockchain that supports the native […]

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Litecoin Stabilizes Above $60 Support, But Trades In A Range

Cryptocurrency analysts of Coinidol.com report, Litecoin (LTC) price is falling and has reached the oversold status. Long-term forecast of Litecoin price: bearish The cryptocurrency fell to a low of $53.70 as bulls bought the dips. As the altcoin has retreated above the $60 support, the downward momentum has stopped. LTC price stabilized above the $60 support last week but fluctuates […]

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AVAX: Will The Planned Token Unlock Bring Back The Energy?

Avalanche (AVAX)  is gearing up for a significant unlock event that has sparked speculation among investors. The past month has witnessed a prevailing bearish sentiment, with volume indicators suggesting that the buying pressure might not be robust enough to counter the crypto’s prevailing losses.  Despite this recent decline, all eyes are on the impending unlock event, pondering the potential impact […]

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CBDCs offer faster settlements: Citi survey of global securities firms

Discussions around shortening local financial settlement cycles within the next five years have most securities firms eyeing central bank digital currencies (CBDCs).  Banking giant Citi’s latest edition of its Securities Services Evolution white paper highlighted India’s recent move to T+1 settlements, which ensures all trade-related settlements conclude within 24 hours of a transaction. As the United States, Canada and other leading […]

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Breaking Point: Bitcoin Fate Hangs On $25,400 Support, $20,500 Looms As Potential Bottom

Bitcoin (BTC), the leading cryptocurrency in terms of market capitalization, is displaying persistent indications of an ongoing downtrend. Currently oscillating between the $26,000 level and the $25,800 mark, it is edging closer to a crucial support level at $25,400.  The significance of this threshold cannot be overstated for BTC bulls, as it holds the potential to halt the ongoing decline. […]

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