Author: Yeek.io

Solana’s short-term risk bottomed at a level it reversed in the last 4 corrections. SOL’s DEX trading volume surpassed $100B for the second consecutive month. Solana’s (SOL) price action chart juxtaposed with its short-term risk index where it rebounded from a consistent level in recent bull runs. This pattern suggested a potential floor for risk aversion among traders. Historically, each time the risk index HAS hit this low, a price recovery ensued on the charts. In fact, this consistent behavior indicated that SOL’s current position could precede another upward movement. Source: Polarity DIGITAL These historical patterns, together, gauged potential entry…

Ethereum price started a decent increase above the $3,350 resistance. ETH is now recovering some losses and might gain pace if it clears the $3,550 resistance. Ethereum started a fresh increase above the $3,400 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,455 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the $3,525 and $3,550 resistance levels. Ethereum Price Aims Higher Ethereum price started a decent increase above the $3,320 level like…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

tl;dr Finalized: rebranding the blogUpgrade your nodes! Finalized, rebranding the blog If you’ve read my recent writings or listened to me speak about Ethereum and this grand upgrade that’s in the works, you’ve perhaps noticed that I’m not only shying away from discussing “phases” (instead, referring to a series of independent upgrades), but that I’ve also been attempting to put the terms “eth1” and “eth2” to rest. I’ve spoken about these being terrible terms and wrote about it again in January’s “The State of Eth2”. What we call “eth2” is a series of major upgrades to Ethereum’s consensus-layer — to…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Pudgy Penguins 2,022.94 ETH 87 ethereum View 2 Lil Pudgys 1,274.40 ETH 490 ethereum View 3 Azuki 527.85 ETH 41 ethereum View 4 Kaito Genesis 316.35 ETH 84 ethereum View 5 Azuki Elementals 316.87 ETH 185 ethereum View 6 Pudgy Rods 300.49 ETH 241 ethereum View 7 Doodles 144.18 ETH 23 ethereum View 8 Bored Ape Yacht Club 134.75 ETH 8 ethereum View 9 Fzuki 111.15 ETH 384 polygon View 10 Mutant Ape Yacht Club 109.45 ETH 35 ethereum…

Homepage > News > Finance > 70% of New Zealanders say CBDC is ‘not important’ A central bank digital currency (CBDC) is “not important” to nearly three in four New Zealanders, and 90% believe the government will use it to monitor the citizens, a public consultation by the country’s central bank has revealed. The Reserve Bank of New Zealand (RBNZ) started the consultation in April, calling on the public to submit feedback on whether a CBDC was necessary, whether the bank should pay interest, whether there should be a holding limit and more. RBNZ recently published the consultation results, which are overwhelmingly against a digital dollar. Around…

These liquidity disparities raise concerns about whether these altcoins can support the stability required for ETFs. Moreover, Solana has faced price volatility due to regulatory uncertainties, particularly regarding the SEC’s stance on its status as a security. Another problem is market volatility. Altcoins tend to be much more volatile than Bitcoin and Ethereum, meaning their prices can swing wildly in short periods. This can be a red flag for investors, especially institutional ones, who want more stability from ETFs. Since ETFs are usually designed to provide steadier returns, altcoins’ price fluctuations make it hard to offer a predictable investment product.…

A whale has been spotted aggressively accumulating LINK, the native token of the decentralized oracle network Chainlink, according to blockchain tracking firm Lookonchain. Lookonchain reports that a whale suddenly created 30 new wallets to accumulate $34.1 million worth of LINK tokens from Binance. “Suspicious LINK accumulation spotted! Over the past 5 days, 30 newly created wallets have withdrawn 1.37M LINK ($34.1M) from Binance.” Source: Lookonchain/X At time of writing, Chainlink is trading at $24.04, up 34% in the last month. Earlier this week, Chainlink released Smart Value Recapture (SVR), a solution aiming to allow DeFi solutions to recapture non-toxic Maximal…

As Solana meme coin scams increase, Animoca Brands has released a public notice about the compromise of co-founder Yat Siu’s X account.  The official statement makes clear that recent claims regarding the launch of the $ANIMOCA token or non-fungible tokens on the Solana blockchain, which was attributed to Animoca Brands, were the result of malicious activity by the hacker. Kenta, a crypto game streamer, conducted the investigation first. The Hong Kong-based game software company said that, as of now, there is no official token or NFT launch associated with Animoca Brands and urged the users not to engage with the…

Cardano price started a downside correction below the $1.00 zone. ADA is consolidating and facing hurdles near the $0.920 and $0.950 levels. ADA price started a downward move below the $1.00 support zone. The price is trading below $0.950 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.92 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.950 resistance zone. Cardano Price Starts Fresh Decline After struggling to clear the $1.00 resistance zone, Cardano started a fresh decline,…