As Bitcoin (BTC) price retraced below $93k earlier today, Ethereum (ETH) price retested the crucial support level above $3,300. The large-cap altcoin, with a fully diluted valuation of about $399 billion, slipped nearly 5 percent in the last 24 hours to trade about $3,315 on Tuesday, during the early New York session.
Here are ADA's next potential targets (according to some popular industry participants).
Robinhood has been tailoring its platform to meet the needs of European users. When the company launched its first crypto staking services in May, it was accompanied by the introduction of localized versions of its app for users in Italy, Poland, and Lithuania.
Too much leverage has led to an inevitable pause in the crypto market, but this is largely seen as a healthy correction, analysts argued.
Ethereum is experiencing a significant rise in the use of “blobs”, indicating the increased adoption of Layer 2 scaling solutions like BASE, Arbitrum, and Optimism.
Solana vs. Ethereum: SOL/ETH signals a potential 45% drop, while ETH eyes $4,000 with bullish momentum. Solana's USD pair could correct toward $145 amid resistance.
Base, Coinbase's Layer 2 network, which runs on Ethereum, has hit an all-time high of 9.2 million in daily transaction count.
Solana price has surged significantly over the past month, capturing attention within the cryptocurrency market. This November, the Layer 1 blockchain reached an all-time high, fueled by a bullish trend and increased investor confidence.
Cardano blockchain founder Charles Hoskinson has shared a vision of building an “ecosystem of hybrid apps powered by DeFi-enabled Bitcoin.” In a Nov. 26 post on X (formerly Twitter), Hoskinson highlighted his renewed interest in Bitcoin's foundational code while noting that adding a DeFi layer to the top digital asset could restore its innovative edge.
Ethereum maintains bullish momentum above $3,400 with strong technical support and increasing buy-side pressure, as multiple indicators point to potential further upside.
Solana's DEX trading volume surpassed $100 billion in November 2023, doubling Ethereum's volume while its native token SOL reached a new all-time high of $263.
Charles Hoskinson, the prominent crypto entrepreneur behind Cardano, has said he wants to add decentralized finance (DeFi) features to Bitcoin. Looking back on his long history with Bitcoin and its foundational code, Hoskinson described his renewed focus on the cryptocurrency, viewing it as a chance to revisit its design and expand its potential.
On November 22, the Bitcoin market was at an all-time high of $98,975.79. Since then, the Bitcoin price has sharply dropped by around 6.16%. Interestingly, during the same period, certain Altcoins, including Ethereum, Sand and XLM, have witnessed growth. Importantly, the Altcoin market cap has slightly climbed by 2.38% during this period.
Artrade, the first art tokenization marketplace on Solana, has reached a significant milestone by digitizing an original Picasso artwork. With a market capitalization of $180 million and over 6,000 active users, the platform is transforming the art market with its ATR token.
Top traders were net long on ADA, a bullish conviction of likely extra rally.
Ethereum bulls have propelled the price to a daily high of $3,545. The daily trading volume of ETH has soared by over 86.25%.
Avalanche has just welcomed its largest software update ever hosted, with a dedicated launch on the Fuji testnet.
Due to Ethereum's ability to withstand the decline of Bitcoin, there is conjecture afoot that a shift toward altcoins, specifically ETH, is imminent. As Bitcoin struggles to maintain momentum near the $100,000 mark, Ethereum's price movement is attracting attention as it is currently trading above $3,400.
Ethereum (ETH) has experienced a remarkable price increase this November, rising by 34% and reaching a high of $3500, the first time it has touched this level since July 2024. This upswing follows months of fluctuating prices and a period of Ethereum staking withdrawals that have recently turned into record-breaking inflows.
Solana-based memecoin platform Pump.fun suspended its livestream feature after facing backlash over disturbing content, despite recording its highest-ever daily revenue of $14.3 million.
Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March's record activity. The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum.
The altcoin space presented mixed performances amidst the latest dip that saw Bitcoin sliding below $95K, currently trading at $93,720. Solana meme tokens led the downside, with top coins losing up to 20% on their daily charts. While Fwog (-22%), MOODENG (-13%), GOAT (-14%), and PNUT (-15%) confirmed a robust downtrend, Dogwifhat recorded notable gains.
In November 2024, Solana hit an impressive $109.73 billion. It left other big names like ETH, BASE, and BSC in the dust, according to DefiLlama.
Ethereum (ETH) surged to $3,500 on Monday, marking its highest price since July 21, before slipping slightly to $3,475.
Solana's adoption milestones and bullish momentum position it for a potential breakout.
Solana-based memecoin launchpad Pump.fun is in the middle of a storm after a wave of users misusing its Livestream feature to pump their tokens became viral. The recent harmful behavior comes amid the cycle's memecoin frenzy, which has seen numerous community members use deceitful tactics to profit from the sector's popularity.
For some investors, Cardano's recent dip below $1 might seem catastrophic. However, ADA bulls appear unfazed by the slight decline, as on-chain data suggests they may be gearing up for another sustained uptrend.
Solana has achieved multiple record-breaking metrics in November 2024, including a $265 all-time high price, $100 billion monthly DEX volume, and 25 million active addresses
The attackers who attacked the latest DEXX have been reactivated after a week of inactivity to change the stolen alt coins for Solana (SOL) in large amounts according to Mistract, cyber security. This comes after, decentralized exchange DEX platform was targeted and users and the platform woke up to hefty losses.
ADA, alongside the rest of the market, dumped hard in the past day.
The crypto markets are plunging as Bitcoin slashed below $95,000 in the times when the $100K milestone appeared to be extremely evident. Meanwhile, Solana, which smashed a new ATH a few days ago, appeared to have been closely following the star crypto.
Ethereum has reclaimed its position as the leading blockchain for Tether (USDT), surpassing Tron with a supply of $60.3 billion. The post Ethereum Surpasses Tron as Top Blockchain for Tether with $60.3 Billion USDT Supply appeared first on Cryptonews.
XLM outperformed Bitcoin in November but indicator signals caution.
Story Highlights The Avalanche price retests the $45 mark, eyes to hit $50. The EMA 50/200-day record a Golden Cross in the daily time frame, highlighting a higher target. The AVAX price has soared over 70% during this month. The AVAX token has maintained its bullish price action despite increased price volatility.
Cardano (ADA) has dipped below the crucial $1 level and is down by more than seven percent in the last 24 hours. ADA had recently come across a major resistance at the golden pocket area, which is positioned between $1.12 and $1.23.
Movement has introduced its native MOVE token, which will play a key role in its ecosystem, with a supply of 10 billion tokens.
Solana (SOL) decentralized finance (DeFi) activity has gained significant momentum, with its decentralized exchanges (DEX) surpassing Ethereum (ETH) DEX in monthly trading volume. So far in November, Solana-based DEXes have recorded over $100 billion in trading volume, marking a major milestone for the ecosystem.
Ethereum price started a fresh increase above the $3,400 zone. ETH is consolidating and might aim for a move above the $3,500 resistance.
Tezos could soar by 40% to reach the $2.10 level if it closes a daily candle above $1.50.
Dangerous influencer stunts force memecoin platform Pump.fun to pause livestreaming feature indefinitely.
Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since.
This week's crypto calendar is packed with major events, as Sonic Labs is about to launch its L1 mainnet, the Avalanche Etna update went live, Jupuary voting began for Jupiter, and more.
Ethereum (ETH) price has climbed 46.11%, marking impressive growth but still making it the second-worst performer among the top 10 largest cryptocurrencies. Its recent rally is supported by increasing whale accumulation and a 7-day MVRV signaling neutral to slightly bullish sentiment.
Despite a bearish outlook across the cryptocurrency landscape, Ethereum (ETH), the world's second-largest cryptocurrency, is poised for a notable upside rally. A bullish price action pattern and record interest from traders support this positive outlook.
The Solana memecoin launchpad Pump Fun has announced the indefinite suspension of its live streaming feature. The decision to sunset this service comes after the protocol faced backlash in relation to the abusive use of the live stream feature.
Avalanche is going through its largest upgrade since the mainnet launch, unlocking more than $40 million in retroactive rewards.