Author: Yeek.io

POL price consolidates within a descending triangle, with a potential 40% breakout looming. Positive metrics, including rising active addresses and declining exchange reserves, favor a bullish outlook. Polygon [POL] was nearing a pivotal moment as its price action consolidated within a descending triangle on the 4-hour chart. The range between $0.47 and $0.41 remains a critical zone, with bulls and bears battling for control.  At press time, POL was trading at $0.4505, reflecting a minor 0.02% dip in the last 24 hours. Therefore, a breakout in either direction will likely determine the token’s next significant move. Will the bulls overcome…

The chief research analyst at 10x Research, Markus Thielen, thinks Bitcoin has a bright future. If Thielen’s crystal ball is correct, the digital asset might potentially experience significant price swings on January 29, 2025, once it breaks out of its so-called “symmetrical triangle” formation. However, the path to this breakout is fraught with variables that could sway Bitcoin’s trajectory in any direction. Breaking Down The Technicals Bitcoin has been trading in a symmetrical triangular pattern for quite some time. These patterns typically signify consolidation, implying that the market is gearing up for a major move. Thielen sees this as a…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

Ether (ETH), the cryptofuel that powers distributed applications on the Ethereum platform, will be issued at a constant annual linear rate via the block mining process. This rate is 0.3 times the total amount of ETH that will be purchased in the pre-sale. While the best metaphor for ETH is “fuel for running the contract processing engine,” for the purposes of this post, we will treat ETH purely as a currency. There are two common definitions of “inflation.”  The first relates to prices and the second relates to the total amount of money in a system – the monetary base…

Homepage > News > Finance > Thailand pilots digital currencies as electronic cash in Phuket In early January, Thai Prime Minister Pichai Chunhavajira announced a pilot program allowing foreign tourists in Phuket to use digital currencies for payments. The deputy PM announced the program at a seminar organized by the Marketing Association of Thailand. The aim is to make paying for large purchases like houses easier and to boost the local economy. Chunhavajira specifically mentioned how those who fled the war in Ukraine and settled in Phuket could use BTC to buy a house. The process would involve registering with…

FLOKI is hitting weekly lows, making it tough to keep HODLers holding strong So, what does it need to finally break out? FLOKI has seen steady declines over the past two months, with the crypto now sitting just 12% above its election day opening price. With more than 80% of its gains wiped out, only 6.98K addresses remain in profit since the “Trump pump” began. Clearly, investors are turning away from HODLing. However, with the market shifting back into the green, is it time to reconsider holding on? A need for an incentive FLOKI’s address count has hit a new…

Whales have accumulated 1.35 million LINK tokens in the past 24 hours. From a technical perspective, LINK’s price has maintained support levels near $19, signaling strong buying interest at this threshold.  In the past 24 hours, Chainlink [LINK] has seen a remarkable surge in whale activity, with large holders accumulating 1.35 million LINK tokens. This significant accumulation points to rising confidence in Chainlink’s long-term potential.  This development could be linked to upcoming network upgrades, the project’s expanding utility, or a recovering broader cryptocurrency market. Current market performance At the time of writing, LINK was trading at $20.40, reflecting a 3.39%…

Matt Hougan, Chief Investment Officer (CIO) at Bitwise, has issued a bold prediction: hundreds of companies will buy Bitcoin as a treasury asset over the next 12 to 18 months. The shift, which Hougan describes as an “overlooked megatrend,” has the potential to significantly influence Bitcoin’s market trajectory.MicroStrategy: The Torchbearer of Corporate Bitcoin AdoptionMicroStrategy, led by Michael Saylor, has become synonymous with corporate Bitcoin adoption. Though ranked only 220th globally by market capitalization, the company’s influence on the Bitcoin market is disproportionate. In 2024 alone, MicroStrategy acquired 257,000 BTC—exceeding the total Bitcoin mined that year (218,829 BTC).The company’s ambitions show…

Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205. SOL price started a fresh increase above the $185 and $188 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone. Solana Price Reclaims $200 Solana price formed a base above…

The idea of releasing a new currency as a mechanism for funding protocol development is perhaps one of the most interesting economic innovations to come out of the cryptocurrency space. In the past twenty years, we have seen a growing centralization in the protocols that underlie the internet, with the rise of proprietary chat systems and social networks like Facebook, and a large part of the reason for this trend has been the need for monetization; if Facebook was cryptographically secure and decentralized, the developers would have no way to make money by data mining their users’ activities and taking…