As Bitcoin (BTC) reached an intra-day high at $37,400 on Nov. 15, several altcoins followed suit, showcasing their strength in the market. Among the top performers were DYDX, Solana’s SOL (SOL), and Avalanche’s AVAX (AVAX), all of which experienced double-digit gains and aimed for new year-to-date highs. With the sustained bullish price action from altcoins,
Altcoins
The memecoin linked to Elon Musk’s artificial intelligence project “Grok” has experienced a devastating blow to its price, plummeting over 70%. This drastic decline was triggered by blockchain investigator ZachXBT, who revealed that the token’s social media account had been repurposed from a previous scam token project. Through a series of screenshots shared on Nov.
Decentralized exchanges (DEXs) have gained significant traction in the cryptocurrency world, offering users greater control and privacy over their assets. Among the notable players in this space is THORChain, a native asset settlement protocol that has recently caught the attention of traders and investors. With its impressive trading volume and the soaring popularity of its
The world of cryptocurrencies is abuzz with the recent surge in the price of Solana (SOL), which has skyrocketed by a remarkable 40% this week, reaching a new high for 2023 at around $58. This surge marks Solana’s best weekly performance since January 2023, leaving investors both excited and skeptical about its future prospects. Solana’s
Solana’s native token, SOL (SOL), has seen an impressive surge of 22% on November 10th, surpassing the $54 mark for the first time since May 2022. This surge is noteworthy as it occurred despite the continuous selling of SOL tokens by FTX’s bankruptcy estate. In September 2023, the Delaware Bankruptcy Court approved the sale of
Ether (ETH) experienced an unexpected surge on November 9th, with an 8% rally that propelled it past the $2,000 barrier. This significant price level is the highest Ether has reached in the past six months, grabbing the attention of cryptocurrency enthusiasts and investors alike. The catalyst behind this rally was the news of BlackRock registering
Chainlink’s LINK token has experienced a remarkable 26% surge between November 2nd and 8th, reaching a level not seen since April 2022. This surge in price has solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While this is a welcome sight for traders, the question arises: is Chainlink’s current valuation
In a recent wave of staff cuts, Ava Labs, the team behind the Avalanche Blockchain, confirmed that it has laid off 12% of its employees. This decision was made in order to reallocate resources and focus on the growth of their firm and the Avalanche ecosystem. While bear markets can be challenging to navigate, Ava
Solana (SOL) recently experienced a significant increase in value, but questions arise regarding the sustainability of its market capitalization. This article aims to analyze the factors contributing to Solana’s price surge and investment viability. Solana witnessed a notable 36.6% increase in value between October 30 and November 2. However, its failure to breach the $44.50
Recently, Monero, a popular cryptocurrency, experienced a major setback when its community crowdfunding wallet was compromised. The attack resulted in the loss of the entire balance, which amounted to 2,675.73 Monero (XMR), equivalent to approximately $460,000. The incident occurred on September 1, but it was not publicly disclosed until November 2 by Luigi, one of
