Optimism (OP) continues to trade within an ascending parallel channel since its launch last May, with market veteran Ali Martinez recently forecasting a looming 62% price rally to $6 following a new ATH above $4. Ali revealed this in a post on X, as he recently presented an Optimism price chart on the three-day timeframe….
Cardano (ADA) has hit a new yearly high after recording a massive upsurge of over 70% in the past month, a performance that is igniting the question of whether a move toward $1 in the short term is feasible. At the time of writing, Cardano’s spot market price is $0.6483 after jumping by 5.93% in…
Notable crypto chartist EGRAG remains confident in the future performance of VeChain (VET), maintaining that the projected six times surge to $1.6 is a “feasible goal.” In a recent post on X, the analyst updated a previous price outlook for VET amid current market conditions. In April, EGRAG had suggested that XRP was on the…
Renowned American institution MicroStrategy has reignited another bullish frenzy with its recent decision to expand its portfolio by acquiring additional Bitcoin tokens. Market intelligence platform Santiment called attention to this development in a recent update on X. Per Santiment’s findings, MicroStrategy’s acquisition of 14,620 BTC, valued at over $615 million, generated renewed excitement in the…
The amount of institutional capital bullish on BTC has hit a new all-time high as the deadline for spot Bitcoin ETF decision approaches. The price of Bitcoin may be trading 38% below its $69,000 all-time high of November 2021. However, a metric that measures the amount of institutional capital bullish on the leading cryptocurrency has…
An address associated with former U.S. President Donald Trump has likely sold over $2.4 million worth of ETH. Despite the overall bullish state of the crypto market, a blockchain address associated with former U.S. President Donald Trump appears to be selling a large amount of Ether (ETH). In the past three weeks, data from blockchain…
A technical indicator confirms Cardano is about to break into the $0.70 trading zone after seventeen months of trading lower. Cardano (ADA) has engineered praiseworthy trajectories in recent weeks that have seen the asset reclaim a new yearly high. Data from market tracking resources indicates that ADA has moved 73% from a low of $0.3745…
A presumably “Smart Money” trader with a focus on Ethereum (ETH) has recorded a 100% win rate since the start of this quarter. This trader, spotted by the crypto analytics platform Lookonchain, shows how the trader has maintained a very simple strategy thus far, featuring buying at a low price and selling at a relatively…
As voting for the XLS-30D amendment is delayed, Aesthetes has urged XRP community members to call on their favorite validators to support the AMM proposal. Amid the delay in achieving consensus for the XLS-30D amendment, a proposal set to introduce an automated market maker (AMM) on the XRP Ledger, popular XRPL validator Aesthetes has called…
XRP has begun recording a rapid surge in open interest (OI), as market participants troop into the futures market amid the recent recovery of the $0.65 price territory. XRP’s open interest saw an impressive surge to a yearly peak of $1.19 billion on July 20 following the pivotal ruling in the SEC lawsuit on July…