Author: Yeek.io

On-chain metrics revealed that crypto exchanges have seen outflows of $15.9 million  Despite long-term holders’ interest, intraday traders appeared hesitant to build new positions Dogwifhat (WIF), the popular Solana-based memecoin, has been showing signs of potential recovery after recording a price drop of +32% over the past week. Meanwhile, other major assets, including Bitcoin (BTC), Ethereum (ETH), and XRP, have struggled to gain some momentum, with each one of them at the risk of another price decline.  WIF’s price momentum At press time, WIF was trading near $1.85, having recorded a price decline of over 3.10% in the last 24…

Analytics firm Glassnode says Solana’s (SOL) momentum on the monthly time frame is waning in comparison to Bitcoin (BTC) and Ethereum (ETH). On the social media platform X, Glassnode examines the Realized Cap metric, which records the price at which each coin was last moved and aims to gauge how many holders are in profit or at a loss. The firm points out the monthly percent change in realized cap for each of the three assets. “This metric acts as an indicator of the rate and direction of capital inflows or outflows for these assets. During the recent market downtrend,…

In the face of ongoing market volatility, Shiba Inu (SHIB) has demonstrated impressive resilience as it holds strong above the pivotal support level of $0.00002045. While fluctuations and market uncertainty have swayed many altcoins, SHIB’s ability to stay above this key level signals a growing sense of stability and bullish potential. The support at $0.00002045 has become a critical floor for SHIB, and its continued presence above this price point reflects the strength of buying interest that has been building in recent weeks. This unwavering support is not just a technical milestone, it also reveals market sentiment is shifting in…

Este artículo también está disponible en español. You could argue that the cryptocurrency market maintains its confidence despite the Bitcoin price experiencing a significant drop to $94,000. Although price action says otherwise, this confidence is highlighted through various predictions from crypto analysts on social media and on TradingView, which cuts across various cryptocurrencies. Amidst the price decline and market optimism, the Crypto Market Fear and Greed Index continues to point to greed, which leans toward the idea of a momentary dip before a broader recovery. Bitcoin Price Crash Stalls Bullish Momentum The crypto industry has largely exhibited bullish momentum throughout…

A note about the Stateless Ethereum initiative: Research activity has (understandably) slowed in the second half of 2020 as all contributors have adjusted to life on the weird timeline. But as the ecosystem moves incrementally closer to Serenity and the Eth1/Eth2 merge, Stateless Ethereum work will become increasingly relevant and impactful. Expect a more substantial year-end Stateless Ethereum retrospective in the coming weeks. Let’s roll through the re-cap one more time: The ultimate goal of Stateless Ethereum is to remove the requirement of an Ethereum node to keep a full copy of the updated state trie at all times, and…

Exploring the NFT world can be tricky, with many projects lacking authenticity. At NFT Droppers, we offer reliable ratings by examining over 70 detailed factors. We dive into NFT features, structure, roadmaps, technical details, and token utility. We also look at media presence, website traffic, and community engagement. Our team checks the whitepaper, investment timeline, market potential, and existing user base to gauge the project’s vision. We thoroughly verify team members to ensure authenticity and provide all essential information for investors. Our ratings are frequently updated, and we continuously improve our methods. Trust NFT Droppers for insightful and current NFT…

Bonk has retaken its position as Solana’s leading meme coin, reaching a market capitalization of $2.5 billion. The recent surge was after a community-driven token burn and price increase. Bonk’s (BONK) price of $0.00000328 marks a 3.9% rise over the past 24 hours and a 4.9% increase over the week. 24H BONK price chart Meanwhile, PENGU trades at $0.03568 with a market cap of $2.27 billion, moving to second place among Solana meme coins. The “Burnmas” initiative has helped drive BONK’s price movement upward. Through this effort, the BONK DAO burned 1.69 trillion BONK tokens from its multisig wallet. This…

TRON fees revenue hit its highest level ever in 2024, signaling a hike in adoption Market fundamentals pointed to a potential trend reversal for TRX Since hitting a recent high of $4.5 three weeks ago, Tron [TRX] has seen some strong downward pressure on the charts. In fact, the altcoin has failed to recover fully since hitting a low of $0.22. At the time of writing, the crypto seemed to be trading within a consolidation range between $0.22 and $0.26. Despite TRX’s failure to maintain the uptrend on its price charts though, its network adoption and usage have surged throughout…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

Changes in AML legislation require users to show identification when the transaction amount is more than 15,000 Turkish liras, or approximately $425. This has been hailed as a development for higher standards of accountability and transparency across the burgeoning asset class. The Republic of Turkey published the announcement on December 25 in its Official Gazette.Transactions below $425 are exempt from identity disclosure requirements. However, the $425 threshold highlights Turkey’s focus on monitoring larger transactions. Such transactions are more likely to be associated with financial crimes. The regulations also impose new responsibilities on crypto service providers.Service providers must collect identifying information from…