Author: Yeek.io

Fantom has bounced back from the key $0.65 support zone and could be setting the stage for a bullish rally. Metrics support the growing bullish momentum. Fantom [FTM] indicates strong signs of recovery after testing the support level support zone at $0.65 on the daily charts. This level has indeed proved its significance, as it sparked the previous rally between mid-November and mid-December. Source: TradingView At the time of writing, the altcoin had gained by over 10% in less than 24 hours. As the altcoin regains strength, its technical and on-chain metrics have suggested that FTM might be gearing up…

Este artículo también está disponible en español. Recent price action has seen Dogecoin stuck in a correction path for over a month now, and the meme now finds itself trading just above the $0.3 mark. Particularly, Dogecoin has retraced by about 30% since it reached a recent multi-year peak of $0.48 in early December, and bullish traders are now patiently waiting for the next leg up.  According to technical analysis, Dogecoin’s recent confluence at the $0.3 price level presents an attractive opportunity to load up more of the cryptocurrency before an upward bounce from here. Dogecoin’s $0.3 Support Zone Holds…

The cryptocurrency community has taken notice of Ripple Labs as a result of a recent transfer of 300 million XRP, which is estimated to be worth more than $680 million. Because of the magnitude of the acquisition, there have been a lot of questions and speculations floating around about what the company’s next moves are in the coming weeks or months. A lot of people are curious about whether or not this move indicates a new strategy or a change in the way that Ripple intends to approach the market. This large-scale transfer has certainly piqued the interest of investors…

Ethereum has undoubtedly been under pressure despite the recent bullish rally in the broader cryptocurrency market as it struggles to make any major upside move. A recent analysis by ShayanBTC, a contributor to the CryptoQuant QuickTake platform, has shed light on key factors impacting Ethereum’s performance. In a post titled “Ethereum Faces Crossroads: Funding Rates and $3K Support Key to Sustaining Bullish Momentum,” Shayan highlights the asset’s struggles to maintain its upward trajectory. Funding Rates And The Importance Of The $3K Support Level According to Shayan, Ethereum’s bullish momentum has been significantly challenged by fluctuations in Funding Rates, a key…

Understanding how to avoid crypto scams is essential in a digital age where cryptocurrencies have become mainstream. Scammers exploit unsuspecting users by promising free money, impersonating honest investment managers, or setting up fake crypto platforms. If you are involved in the crypto markets, learning to spot warning signs like guaranteed returns or requests for private keys can protect your investments. In this guide, we’ll give you all the critical information you need to know about the most common crypto scams. You’ll learn how to spot cryptocurrency scams, how they work, and what you can do to protect your digital assets.…

The crypto market cap stood at $3.2 trillion on January 10, 2025, as the US trading session saw Bitcoin continue to struggle with downside pressure.  As BTC dominance hovered around 56.8% and Ethereum’s at 12%, the global 24-hour trading volume fell 1.2% to about $156.9 billion. The overall outlook for crypto remains bullish but analysts are warning about a potential downward continuation ahead of the January 20, 2025 inauguration of Donald Trump.  What happened in the crypto market today? Here’s a brief overview Crypto liquidations hit $373 million According to Coinglass data, the cryptocurrency market witnessed notable liquidations in the…

Stablecoin developer Usual is under scrutiny after changing 1:1 redemption mechanism for USD0++, its yield-bearing staked token tied to the USD0 stablecoin. USD0++, the staked version of the USD0 stablecoin by Usual, dropped to $0.92 — 8% below its previous redemption value — after new early exit options triggered a sell-off and disrupted its largest Curve pool. USD0++ is not a stablecoin. It is a staked version of USD0, designed to lock funds for four years while earning USUAL tokens as rewards. Previously, USD0++ could be redeemed 1:1 with USD0, but now users must choose between two exit options: a…

Amid the renewed corrections in the broader cryptocurrency markets, an upcoming meme coin Pippin (PIPPIN) is making waves with its incredible performance. Apart from its performance, it is gaining traction among whales meaning that increasing numbers of investors and traders are showing interest in it.   Whale accumulates Pippin Today January 10, crypto analyst AI Yi shared an interesting post on the X platform. According to the data, a whale spent $1.324 million to buy Pippin at an average cost of $0.2297 for each token. As per the data, this is the first time the wallet address has purchased Pippin. The…

Follow Frank on X. Two days ago, the atebites X account pointed out that THORChain’s lending service currently has nowhere near enough bitcoin to repay its creditors.As of the time of the post, the total amount of bitcoin to be repaid to depositors was 1,604, while the lending pool only had 592 bitcoin in it.We need to be raising awareness on just how bad of a shape Thorchain lending is right now, posing a potential risk to the protocol itself.As it stands, at current mark to market rates for RUNE, complete loan closure will mint 24 million RUNE.1,604 in BTC…

Este artículo también está disponible en español. An analyst has revealed what may need to happen for Ethereum to rally toward the $6,000 mark, based on a pattern currently forming in its price. Ethereum Has Appeared To Be Moving Inside An Ascending Channel Recently In a new post on X, analyst Ali Martinez has discussed a pattern that Ethereum has potentially been following recently. The pattern in question is the “Ascending Channel” from technical analysis (TA). Related Reading Parallel Channels form when the price of an asset consolidates between two parallel trendlines. The upper level of the channel is drawn by…