The Bitcoin price performance in October has undoubtedly been one of the most promising and encouraging stories in the cryptocurrency market. Despite some bearish projections for the premier cryptocurrency, analysts like Mags have remained optimistic about Bitcoin’s performance in November and beyond. In this article, we will delve into the insights offered by Mags and
Bitcoin
Polygon (MATIC), a Layer 2 (L2) blockchain network, has witnessed remarkable growth in the third quarter of 2023. One of the most notable achievements is the significant increase in non-fungible token (NFT) sales. According to a report by Messari, Polygon experienced a staggering 131% quarter-on-quarter increase in weekly NFT sales volume, reaching an impressive $20
The Solana price has experienced a remarkable surge from its yearly lows, reaching new heights due to a spike in volatility. This sudden bullish momentum has left some market participants in disbelief, while others eagerly tried to capture profits. At the time of writing, Solana, abbreviated as SOL, is trading at $40, demonstrating sideways movement
Metrics play a crucial role in determining the health and vitality of a blockchain network in the realm of cryptocurrencies. When examining Cardano’s performance in the third quarter of the year, it becomes evident that some metrics presented a less-than-stellar picture. However, there are emerging indicators that suggest the potential for a positive turnaround. In
It has become increasingly essential to monitor Bitcoin’s response to specific macroeconomic events. The CEO of Lumida Wealth, Ram Ahluwalia, recently weighed in on the potential impacts of a failed Treasury auction on Bitcoin. As an SEC registered investment advisor specializing in alternative investments and digital assets, Lumida Wealth brings a unique perspective to the
A solo Bitcoin miner has achieved a remarkable feat by claiming a $200,000 block reward, sparking intrigue among fellow miners and crypto enthusiasts. This milestone emphasizes the potential for lone miners to effectively compete with larger mining operations, challenging the dominance of mining pools. On October 28, a software engineer and admin of Solo Ckpool,
LUNA, the native token of the Terra 2.0 blockchain, has experienced a surge in price in the past week, coinciding with Bitcoin’s impressive rally towards the $35,000 mark. This sudden uptick in value has provided relief for investors who had been enduring the bearish performance of the token in previous weeks. The current bullish trend
After a remarkable rally of more than 170% from its lows in June 2023, Maker (MKR) is showing signs of losing momentum. Recent price action combined with decisions made by influential whales via an intermediary have raised concerns among investors. Despite currently trading near its 2023 highs, MKR has dropped by 16% from its October
The long-standing legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs seems to be finally approaching a resolution. After the recent dismissal of the SEC’s claims against Ripple’s CEO Brad Garlinghouse and its co-founder Chris Larsen, it is expected that both parties will proceed to finalize a settlement. However, there are
Loopring, a layer-2 decentralized exchange (DEX) built on Ethereum’s zk-Rollups technology, is undergoing a significant expansion. The platform recently announced that it will be expanding its core pillars from three to four, as well as introducing new functionalities. This move aims to enhance the user experience and attract a more diverse user base. In this
