Category: Crypto Flash News

Ripple’s token price is climbing above the $0.50 resistance against the US Dollar. XRP price is signaling more upsides toward $0.55 or $0.565. Ripple’s token price started a decent increase above the $0.500 resistance against the US dollar. The price is now trading above $0.505 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.5050 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to rise toward the $0.545 and $0.550 resistance levels.…

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In recent trading sessions, the price of Dogecoin has experienced an upward trend, surpassing a significant resistance level. Over the past 24 hours, DOGE recorded a 1.2% increase, and within the last week, the coin appreciated by 2%. The technical analysis suggests the possibility of upcoming bullish momentum as buying strength attempts to recover. However, demand and accumulation indicators have not yet entered the positive zone. To establish bullish control in subsequent sessions, DOGE must surpass a crucial resistance level. The broader market’s recovery, including Bitcoin’s rise above $27,500, may…

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BONE holders, eagerly anticipating the launch of Shibarium as a promising Layer 2 (L2) scaling solution by Shiba Inu (SHIB), may find themselves grappling with a pressing question: should they be concerned about the delay in Shibarium’s release?  As Shiba Inu strives to address criticisms regarding the practicality of meme coins, the delayed launch of Shibarium raises uncertainties about its impact on the overall utility and value proposition of the token Bone ShibaSwap. ShibaSwap Ecosystem: BONE Token’s Role And Shibarium L2 Integration ShibaSwap, a decentralized finance (DeFi) protocol launched in…

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Conflux (CFX), the token powering Conflux’s high throughput, Tree-Graph powered layer-1 blockchain, experienced a rollercoaster ride in a whirlwind of price fluctuations. Last week, it tumbled to a low of $0.20 per token, leaving observers on edge. However, it managed to climb back up over the course of the week, reaching a level of $0.330. However, the token has faced a downward trajectory in the past four days, resulting in a decrease of over 19% in price. CoinMarketCap data shows that CFX has dipped around 2% in the last 24…

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Decentraland (MANA) is currently ahead of the rest of the crypto market after seeing almost double-digit gains in the last day. This incredible recovery comes at a time when the broader crypto market is following in the steps of Bitcoin and shedding most of its first quarter’s gains. So what could be driving the price increase of MANA? Rumors Of Apple Metaverse Circulate The rumors about Apple’s very own metaverse first started circulating on Monday when a Twitter user made a post about it. In the tweet, Idi Wertheimer pointed…

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Bitcoin (BTC) has experienced downward price pressure in May, with the token failing to surpass the $30,000 resistance mark. This development could be linked to on-chain activities that indicate an increase in the number of Bitcoins sold on exchanges during this period.  300,000 Bitcoin Sold On Exchanges In May According to CryptoQuant, a data explorer, over 300,000 bitcoins purchased between one to six months ago have been sold this month. It is worth noting that the majority of these sales were made by individuals who acquired the cryptocurrency between November…

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The Shiba Inu price is currently in deep bearish territory. After being rejected at the 200-day EMA in mid-April (blue line) and breaking the ascending trend line on the 1-day chart to the downside on April 20 (black line), the SHIB price is now in free fall. Yesterday, the SHIB price initially received support at $0.00000839 on the 1-day chart. However, if a trend reversal does not follow soon, the Shiba Inu price could drop towards the local low at $0.00000779 from December 28. This would erase all price advances…

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Meme coins PEPE and FLOKI are finally making their way onto Binance after an impressive run. Both communities have in the past called for the crypto behemoth to list the tokens but the exchange has been quiet about possible listings, until now. PEPE And FLOKI Make It To Binance The world’s largest crypto exchange Binance has taken another step toward supporting meme coins as it announced new listings for two of the largest meme coins in the world. In a post on its official website, Binance revealed that Twitter’s new…

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The meme coin PEPE is currently experiencing a spectacular rise that hardly any other altcoin, apart from Shiba Inu, has experienced. Within just two weeks, the meme coin, which is based on a cartoon character created by Matt Furie back in 2005, has (almost) broken into the top 100 cryptocurrencies by market cap. At press time, PEPE was ranked #101. And as on-chain analytics platform Nansen shared in a recent analysis, the two meme coins share other similarities: namely, numerous holders. According to Nansen, PEPE has more than 54,000 holders…

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Ethereum, the second-largest cryptocurrency by market cap, is facing another bout of turbulence as it experiences a fresh influx of coins into exchange addresses.  According to recent data, this surge in Ethereum inflows is reminiscent of a similar occurrence that coincided with a drop in the cryptocurrency’s value below the $2,080 mark.  The question on the minds of traders and enthusiasts alike is, will this latest wave of inflows lead to a similar outcome? Ethereum Inflow Analysis In the past week, Ethereum experienced a decline of 3.51%, with bulls barely…

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