In the world of cryptocurrencies, the influence of social media on price movements is well-known. However, a recent study conducted by the Network Contagion Research Institute (NCRI) suggests that Twitter bots may have a much larger role in artificially inflating the price of altcoins than previously understood. The study analyzed over 3 million tweets involving
Altcoins
The recent decline in the price of Aave’s governance token, AAVE, has raised questions among investors about the future prospects of the decentralized finance (DeFi) sector. Between July 30 and August 1, the token experienced a 17% decline, reaching the $62 level. Although the token has managed to hold the $62 support level, the current
The recent episode of “The Market Report” delves into the controversy surrounding the BALD token rug pull and the alleged involvement of FTX founder Sam “SBF” Bankman-Fried. The token, launched on Coinbase’s Base network, experienced significant gains in late July. However, suspicions arise regarding the manipulation of BALD’s price through fake volume and orchestrated trading
The WLD token has gained significant attention since its launch, and its availability to users has become a topic of interest. In this article, we will delve into the various avenues through which individuals can purchase the WLD token, taking into account different factors such as market trends and legal compliance. To cater to the
Bitcoin (BTC) has been trading within a tight range in recent days, indicating a consolidation phase for the cryptocurrency. This is a minor positive for Bitcoin as the range has formed near the recent local high, suggesting that the bulls are still holding on and anticipating an upward move. However, it’s worth noting that Bitcoin’s
The price of Worldcoin (WLD) made a volatile debut across mainstream cryptocurrency exchanges. It initially soared nearly 6% to $2.35 on July 29 but quickly plummeted, ending up down 70% from its market debut peak of $7.50. This extreme price fluctuation highlights the unstable nature of the token’s initial launch. After the initial turbulence, the
The year 2022 proved to be a challenging one for Cosmos and its vision of inter-blockchain communications (IBC). Multiple setbacks, including the collapse of the Terra Luna ecosystem, internal tensions among co-founders, and a decline in token price, have cast doubt on the future prospects of the network. However, despite these challenges, projects such as
Block.one (B1), the creator and original seller of EOS (EOS), is facing yet another legal battle. The EOS Network Foundation (ENF) founder and CEO, Yves La Rose, believes that this latest legal action could potentially lead to higher compensation for the plaintiffs. In a recent announcement, La Rose revealed that ENF is preparing a lawsuit
In a recent episode of “The Market Report,” analyst and writer Marcel Pechman examines the highly anticipated Worldcoin token launch. With its unique features and controversies, Pechman advises potential investors to thoroughly understand the project before considering any investments. One of the most striking aspects of the Worldcoin token launch is its exceptionally high trading
Maker, a cryptocurrency, has experienced a remarkable surge in price over the past month, with a significant increase between July 15 and July 22. This surge has resulted in its highest daily close in almost a year. However, it is important to analyze the factors behind this surge to determine if Maker can maintain its