[ad_1] Solana co-founder Anatoly Yakovenko has opined that Ethereum (ETH) will not necessarily be able to replicate the success of XRP. “Just because something irrational happens in the world, it doesn’t imply that it will also happen to you, or you can make it happen,” he said in a social media post on X. This comes after Omid Malekan, an adjunct professor at Columbia Business School, stirred up a debate about cryptocurrency valuation. He opined that it was “maddening” how Ethereum’s abysmal performance often gets attributed to falling fundamentals without addressing sentiment-driven cryptocurrencies like XRP. Malekan pointed to the fact…
Author: NBTC
[ad_1] The crypto market appears to be finding its footing again after a rough patch that included major events like the Terra collapse and significant downturns. According to analysis by Crypto Christopher, an analyst, Bitcoin recently surged back to the $92,000 level has reignited market optimism. With this momentum, now is a prime time to look at altcoins that could perform well in the coming bull market. While volatility remains, the opportunity is still alive, and certain altcoins stand out as potentially strong performers. Ethereum: A Generational Opportunity Ethereum is still a top pick because it’s essential to DeFi, Web3…
[ad_1] Bitcoin (BTC) miners’ first-quarter results may disappoint because the hashprice, a measure of daily mining profitability, fell further and trade tariffs weighed on the market, asset manager CoinShares (CS) said in a blog post on Friday. “Q2 results may show deterioration, as tariffs on imported mining rigs range from 24% (Malaysia) to 54% (China),” analysts led by James Butterfill wrote. Bitcoin miners that are dependent on older or less-efficient rigs are faced with higher exposure to these tariffs, the report said. Core Scientific (CORZ) is “better insulated, as it transitions to HPC,” the authors wrote, adding that Bitdeer (BTDR),…
[ad_1] Bitcoin whales are fueling the recent bullish rally, with on-chain data showing massive accumulation trends among large Bitcoin holders. The prominent on-chain analytics firm Glassnode highlighted this trend in an X post on Thursday. According to the firm, different calibers of large Bitcoin holders have been on a buying spree and have contributed immensely to the recent uptick. For context, Bitcoin has surged by over 8% since the start of this week and is on track for its largest single-week bullish candle since November. The uptick has contributed to the broader market rebound, with the global crypto market cap…
[ad_1] With the majority of technical indicators suggesting ongoing price pressure, Ethereum is currently dealing with serious challenges. ETH is currently struggling beneath a thick stack of moving averages despite brief indications of life earlier in April. This is concerning for bulls hoping for a quick recovery. Ethereum has been unable to overcome significant resistance levels such as the 50-day and 100-day exponential moving averages (EMAs), according to the daily price chart. The price has consistently been rejected between $1,850 and $1,900, and every attempt to move higher has been met with selling pressure. Furthermore, the wider weekly moving averages…
[ad_1] The SEC has been taking more moderate steps since the departure of former SEC Chairman Gary Gensler, who took a negative approach towards cryptocurrencies. At this point, the SEC, which has closed the vast majority of cryptocurrency cases, including the Ripple (XRP) case, is expected to take more positive steps with the inauguration of new chairman Paul Atkins. As the SEC continues to make innovative moves, it was revealed that it was meeting with an altcoin team. Accordingly, Ondo Finance (ONDO) has joined with the SEC Crypto Task Force chaired by Hester Peirce to propose a regulatory framework for…
[ad_1] Japanese investment giant SoftBank is dipping its toes back into crypto by backing a new bitcoin (BTC) investment vehicle, Twenty One Capital, in conjunction with Tether, Bitfinex, and Cantor Fitzgerald. For some, the SoftBank Group—which has $308.7 billion assets under management—taking an interest in bitcoin is a welcome development and another sign of mounting institutional crypto adoption. After all, SoftBank functions more or less like a Japanese sovereign wealth fund, according to Jeff Park, head of alpha strategies at Bitwise. But for seasoned observers, it could be more of a déjà-vu than a breakthrough. Flashback to 2019, SoftBank made…
[ad_1] Ethereum (ETH), the second-largest cryptocurrency by market cap, is starting to show fresh strength after months of sideways action. With renewed buying interest and improving technical signals, investors are wondering if Ethereum price is finally ready to push past key resistance levels. In this article, we will take a deep dive into the latest ETH charts, uncover the current market setup, and predict what could be next for Ethereum’s price. Is a breakout around the corner, or should traders brace for another pullback? Let’s find out. Ethereum Price Prediction: Where Ethereum Price Stands Today ETH/USD 1 Day Chart- TradingView…
[ad_1] Pi Network value is starting to grow as the Core Team begins approving new apps like Fruity Pi, signaling real progress in the ecosystem. With Consensus 2025 approaching, more developments may follow. However, until major exchanges list the token, Pi Coin price and trading volume are likely to remain limited. With Consensus 2025 just weeks away, new Pi Core Team (PCT) updates are drawing attention from the Pi Network community. The team has officially approved a new decentralized app (DApp) called Fruity Pi, and according to community member DR Altcoin, DApps and long-awaited KYB approvals might speed up. What…
[ad_1] Ethereum (ETH) has been showing signs of renewed strength, gaining 14% over the past seven days. Despite the recent rally, Ethereum has been trading below the $1,900 mark since April 2, highlighting the importance of key resistance levels ahead. Whether Ethereum can reclaim higher ground or faces renewed selling pressure will likely depend on its next moves around major support and resistance zones. Ethereum’s BBTrend Cools: What It Signals Next Ethereum’s BBTrend currently sits at 8.77, marking a noticeable decline from 11.83 two days ago. Despite the drop, the indicator has remained positive for the past three days, suggesting…