Deciphering Cardano's Path: Insights into ADA's Future Amidst Long-Term Holder Strategy

After examining the Mean Dollar Invested Age (MDIA), CryptosNewss discovered that Cardano’s [ADA] long-term holders have chosen not to put their tokens back into circulation. On April 15, Cardano’s 90-day MDAI increased to 269, according Santiment’s on-chain data. An increase in network activity is shown by a declining MDIA. This has historically indicated that once investors transfer their…

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OKX Launches X Layer-2: A Game-Changer in Ethereum Scalability

The Ethereum-based layer-2 scaling network, X Layer, has made its public mainnet debut, according to a Monday announcement from cryptocurrency exchange OKX. This makes it the newest well-known blockchain that allows users to transfer cryptocurrency more quickly and affordably than Ethereum’s own mainnet. Developed with the help of the Polygon CDK, OKX’s X Layer is also among the first to make use…

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Digital Lazarus: Dormant Bitcoin Wallet Resurrects with $3M Transfer

A long-dormant Bitcoin (BTC) wallet that dates back to April 2010 reportedly moved 50 BTC, or $3.328 million, according to the on-chain analysis site Lookonchian. Dissecting the Transaction: An Investigation of Possible Causes 50 Bitcoin that were mined more than 14 years ago, when each block reward was 50 Bitcoin, were split into two transactions, according to Lookonchian: 17 Bitcoin ($1.1…

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Coinbase Charts New Legal Course Amid SEC Showdown

After suffering a recent setback in its legal battle with the U.S. Securities and Exchange Commission (SEC), prominent cryptocurrency exchange Coinbase has made tremendous progress in its path. A U.S. judge turned down Coinbase’s request to have the SEC’s lawsuit against the company dismissed last month. Paul Grewal, the chief legal officer of Coinbase, revealed on X that the business has…

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XRP's Price Plummets: Navigating the Cryptocurrency Storm

Over the past day, the price of Ripple [XRP] has dropped once more, casting doubt on the company’s prospects in the cryptocurrency space. Cost increases Data from CoinMarketCap indicates that XRP’s price fell by 9.34%. This decrease continued the negative trend that XRP had been seeing since March 11th. After testing the $0.7440 mark, the price of XRP has been steadily declining, exhibiting a…

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Solana's Path to Market Dominance: Insights from Analyst Chris Burniske

Though the coin witnessed a steep 20% price decline that sent it hurtling toward the $115 mark, its ability to withstand pressure at key support levels has generated talk about its potential to rise in the cryptocurrency market. The asset’s recovery was aided by the price dip that pushed SOL in the direction of the 100-day EMA, which is represented by the orange line on the chart. This phenomenon…

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Shiba Inu's Shibarium Hits New Heights: Massive Growth in Daily Transactions

According to Shibariumscan, Shiba Inu’s Layer-2 blockchain innovation has seen an unheard-of spike in activity. The number of daily transactions on the site has increased dramatically in only the last 24 hours, rising from 288,690 to an astounding 347,460. This spike, which peaked on March 25, is a noteworthy 6,171% increase from just four days ago, indicating a significant change in the dynamics…

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JPMorgan's Crypto Warning: Venture Capital Flows Pose Downside Risk

A downside risk in the cryptocurrency markets has been alerted by JPMorgan, which cited muted venture capital flows. The analysts at the international investment bank are also dubious about the Securities and Exchange Commission of the United States of America (SEC) approving spot Ethereum exchange-traded funds (ETFs) in May. The Declining Risk of the Crypto Market The multinational investment…

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Huawei Cloud Integration Signals New Era for Cardano Blockchain

Cardano, one of the leading blockchain platforms known for its focus on sustainability and scalability, is set to receive a significant boost with the arrival of Huawei’s cloud infrastructure. Emurgo, a key player in the Cardano ecosystem, has unveiled a strategic partnership that promises to reshape the landscape of decentralized applications (dApps) on the network. The integration of Huawei’s…

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Crypto Titans: FLOKI Hits $2 Billion, Sponge V2 Prepares for Exchange Listing

Sponge V2, the crypto sensation, is poised for a major milestone as it gears up for its exchange listing, riding on a staggering valuation surge. Originally priced at $0.000025, Sponge V2 has witnessed an astonishing 7840.59% surge, skyrocketing to $0.001960. The excitement surrounding Sponge V2 isn’t just about its meteoric rise but also the enticing staking rewards it offers. With over $21.5…

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XRP Locked Surge: AMM Platform Flourishes Amid Key Bug Fi

In a recent development within the XRP ecosystem, the amount of XRP locked onto the XRP Ledger’s automated market maker (AMM) platform has experienced a notable surge. Data from XRP Ledger explorer XRPScan reveals a significant increase from approximately 330,000 XRP tokens to over 715,000 XRP, marking a value surpassing $400,000. This surge coincides with the imminent implementation of a crucial…

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Uniswap Labs Unveils Innovative Cross-Chain ERC Standard Amid SEC Probe and UNI Price Volatility

Uniswap Labs, the powerhouse behind the popular decentralized exchange Uniswap, has made a strategic move. Despite facing a Wells Notice from the SEC, signaling potential enforcement action, Uniswap Labs is forging ahead with groundbreaking initiatives. Teaming up with Across, a cross-chain protocol, Uniswap Labs has introduced a novel standard for cross-chain intents. This collaborative effort…

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Solana's Stellar Rise in Q2: What Lies Ahead for Investors

As the first quarter of 2024 drew to a close, Solana (SOL) emerged as the undisputed champion of blockchain networks, boasting a staggering 2.4 billion transactions – a feat that overshadowed its closest competitors by a significant margin. Highlighted by a recent post from prominent crypto influencer Lark Davis, Solana’s dominance in Q1 was nothing short of remarkable. Notably, the combined…

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Shiba Inu (SHIB) Investors Eye April 17th as Potential Rally Date

Cryptocurrency enthusiasts and Shiba Inu (SHIB) investors are eagerly marking April 17th on their calendars as a potential turning point for the meme-inspired token. Market analysts are pointing towards a convergence on the charts, where the 50-day Exponential Moving Average (EMA) is poised to intersect with SHIB’s current price. The significance of this event lies in the role of moving averages…

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Solana Soars: Circle Expands USDC Support Amidst Stablecoin Surge

Circle, a leading digital financial services firm, has announced the expansion of its Web3 Services and Tools suite to the Solana blockchain. This strategic move aims to bolster the accessibility of USD Coin (USDC) for developers and enterprises operating within the Solana ecosystem. With stablecoin transfers witnessing a surge, Solana has emerged as the top network facilitating cross-border…

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Bitcoin's New Era: HODLer Demand Surges Past Miner Issuance

Bitcoin from long-term HODLers has surged past miner issuance, marking a historic milestone in the cryptocurrency’s trajectory. Unprecedented Demand Surpasses Miner Issuance A recent analysis by Julio Moreno, head of research at CryptoQuant, has unveiled a remarkable trend in Bitcoin’s market dynamics. The demand from ‘permanent holders,’ characterized by accumulation addresses devoid of any…

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Polkadot's Wallet Milestone: 600k Users and Counting

In a significant development for the Polkadot ecosystem, recent data has revealed that the platform has surpassed 600,000 active wallets. While this marks a notable achievement for the network, questions arise regarding its potential impact on the price of Polkadot’s native token, DOT. Active Accounts Surge Past 600,000 Analysis of Polkadot’s active account data unveils a remarkable milestone,…

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