Author: Yeek.io

As of December 25, 2024, Cardano (ADA) is trading at $0.92, showing a decrease of about 1.54% from the previous close. Over the past week, ADA has experienced a decline of approximately 5.2%, and over the past month, it has decreased by about 12.7%. Despite these short-term declines, ADA has achieved a significant annual increase of approximately 180%. Cardano Price Analysis ADA’s price action has formed a symmetrical triangle pattern, indicating potential consolidation. A breakout from this pattern could determine the future price direction. Key support levels are identified at $0.90 and $0.85. A breakdown below these levels could lead…

The global adoption trend for Bitcoin-related investment products continues to strengthen, with Six new mutual funds set to debut in Israel. According to a report by the Calcalist on Wednesday, Dec. 25, the Israel Securities Authority has given the green light for six mutual funds that will track the price of Bitcoin (BTC). ISA’s approval of the funds last week paved the way for their debut on Dec. 31, the report stated. Cacalist’s report reveals that ISA expects all six funds – from Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI – to go live at the same…

Meme Coins: Popularity and RisksMeme coins remain a favorite among retail traders. Their appeal lies in simplicity, viral potential, and strong community backing. Despite limited utility, they often generate massive attention and profits.Key Highlights:Popularity Boost: Meme coin generators gained traction in 2024, enabling users to create tokens without technical skills.Market Growth: Platforms like Pump.fun, a Solana-based launchpad, have launched millions of tokens, generating $187 million in revenue.Profitability: A CoinGecko report confirmed meme coins were among the most profitable trends in 2024.However, the risks are significant. Many investors have faced losses due to scams. Chainplay reports that nearly one-third of meme…

It’s always fun to hear about new grants as they’re awarded, but what happens after the announcement? In this series, we’ll check in on a couple of projects that are well underway – or already at the finish line. Read on to learn about some recent milestones and achievements by grantees! Devfolio for Ethereum India Fellowship 2.0 Devfolio’s Ethereum India Fellowship 2.0 had two tracks, each targeting different groups for a rigorous 8 weeks of training and mentorship with the goal of onboarding talented developers into the Ethereum ecosystem. Track 1 brought 20 talented Web2 developers with little or no…

TikTok users playing the tap-to-earn game SonicX will soon receive $SONIC tokens as part of an airdrop scheduled for January 2025.The game, which launched in October 2024, has attracted over two million players and integrates blockchain technology through the Solana-based Sonic SVM platform. This initiative represents a step forward in connecting blockchain gaming with social media platforms, leveraging TikTok’s global reach.Unlike many blockchain-based games, SonicX offers a seamless experience for players unfamiliar with cryptocurrency. With the upcoming airdrop, SonicX aims to reward its growing user base whilst drawing attention to the tap-to-earn gaming trend. Source: Sonic SVMWhat is SonicX?SonicX is…

Crypto hacks in 2024 caused nearly $3 billion in damages, with access control flaws driving 78% of the losses, data shows. 2024 proved to be another challenging year for blockchain security, with nearly $3 billion lost to crypto hacks, according to Hacken’s latest research report. Although the total financial impact was on par with 2023, attacks exploiting access control vulnerabilities surged sharply. Hacken’s data shows these flaws accounted for 78% of the losses, affecting a wide range of sectors, including decentralized finance, centralized finance, and gaming/metaverse platforms. Crypto losses by category | Source: Hacken According to the report, access control…

In today’s rapidly advancing technological landscape, both Edge AI and Local AI are emerging as essential computing strategies, providing new capabilities for industries looking to harness the power of artificial intelligence outside of traditional cloud or centralized systems. While they both fall under the broader umbrella of decentralized computing, Edge AI and Local AI serve unique purposes and are suited for different types of applications. To truly understand these nuances, it’s crucial to explore how each operates, the advantages and disadvantages of each approach, and the specific use cases where one may excel over the other. What is Edge AI?…

Bitcoin vs. altcoins — a tussle emerges in volume and price. While Bitcoin shows dominance in these areas, the altcoin index has shown volatility.  As the holiday season progresses, the cryptocurrency market has been buzzing with activity, showcasing a battle for dominance between Bitcoin [BTC] and altcoins. Historically, this period has been marked by unique market dynamics, with Bitcoin often perceived as a stable choice while altcoins cater to risk-tolerant traders seeking high returns. Analysis reveals the intricate interplay between these two segments, offering insights into which could emerge as the holiday season winner. Bitcoin: A steady performer amidst market…

Bitcoin is showing remarkable resilience as it holds strong above the $92,000 demand level, reflecting a bullish structure in the face of recent volatility. Yesterday, the leading cryptocurrency surged to $99,400, signaling renewed momentum and increasing optimism among investors. This surge reaffirms Bitcoin’s ability to bounce back from local lows, maintaining its upward trajectory. Top analyst Axel Adler shared valuable insights on X, highlighting that the current macro correction remains well within the acceptable range of historical price drawdowns. According to Adler, the local maximum drawdown sits at 11.7%, a figure that aligns with previous healthy corrections during bullish cycles.…

Este artículo también está disponible en español. A crypto analyst, known as ‘CryptoSanders9563’, disclosed in a report on TradingView that the Dogecoin price has broken out of a symmetrical triangle pattern. This technical pattern, signaling a bullish continuation for Dogecoin, is expected to trigger a price surge to a new target above $0.375.  Symmetrical Triangle To Drive Dogecoin Price Above $0.37 CryptoSanders has shared a Dogecoin price chart, showing a symmetrical triangle pattern formed by converging trendlines. According to the TradingView analyst, Dogecoin’s price broke above the symmetrical triangle’s upper trendline at approximately $0.316, confirming a bullish breakout and signaling…