Author: Yeek.io

The falling wedge breakout signals bullish potential, targeting $24 with $10.88 as key resistance. Positive metrics, including oversold RSI and strong social sentiment, reinforce Polkadot’s rally potential. Polkadot [DOT] has broken out of its falling wedge pattern on the weekly timeframe, a critical signal that often precedes significant bullish rallies. Trading at $6.83 at press time, with a 1.98% decrease at press time, the cryptocurrency’s breakout and retest phase presents a promising opportunity for traders. The next key question is whether DOT can sustain this momentum and rally toward its midterm target of $24. DOT’s breakout and price prediction The…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana and BNB race to reclaim their ATH, but new contender Lunex Network threatens to steal the spotlight with smart DeFi solutions. The battle for crypto dominance is heating up as Solana and BNB enter beast mode, vying to reclaim their ATH. Since the US’s political shift, Solana’s price has been on steroids at the heel of positive ecosystem development and institutional interest. BNB, too, has been exceptionally impressive. BNB clinched a new ATH, and the stakes have never…

According to The Kobeissi Letter, the global money supply has shrunk $4.1 trillion in the last two months – a critical economic indicator in which bitcoin usually shadows with a 10-week lag in price action. If this downward trend persists, experts believe Bitcoin could face additional drops.Joe Consorti from Bitcoin custody firm Theya previously forecasted a 20%-25% correction. His prediction seems to align with recent price movements, suggesting further risks for the cryptocurrency.Bitwise’s Head of Research, André Dragosch, also anticipates ongoing pressure from tighter U.S. liquidity conditions. However, Dragosch points to a positive internal factor for Bitcoin: its growing illiquid…

Community & educationEthereum Cat HerdersCommunity group supporting Ethereum core developers with project management, communication and coordination.Community & educationEthCCEthereum FranceDeveloper and community conference held in Paris, France.Community & educationEthereum HNGrassroots Ethereum community group organizing meetups, workshops and developer events in Honduras.Community & educationEther University Content and Educational ResourcesNathan LeungCommunity-building and educational resources for undergraduate students participating in the ETH Summer learning program.Community & educationETHUni: ETH Spring Community DevelopmentScott Moses SunartoCommunity building and support for the ETH Spring undergraduate learning program, plus formatting and migration of content to the ETH Spring website for public consumption.Community & educationETHUni: ETH SummerTherese Cresalia and Scott…

Resurgence in the NFT Market The NFT market is showing signs of revival.The industry has accelerated following a November recovery in the broader crypto market. According to CoinGecko‘s December data, the market value has increased to $8.8 billion, a 17.3% gain in just one week. With daily volume increasing by almost 48% over the last day across all chains, trading activity is also increasing. Source: CoinGecko This comes after a robust November with NFT sales of $562 million, the most since May’s $600 million. However, the number of unique buyers has declined. November saw just 662,000 buyers compared to over…

Nokia takes a major step toward securing cryptocurrencies with a new encryption patent. Nokia Technologies Co., Ltd. reportedly filed for a patent on Dec. 23, 2024, under the title “Device method and computer program” to improve the encryption of digital assets. The patent was submitted to the National Intellectual Property Administration in Jun. 2024 and was given publication number CN 119155674 A. Nokia is making a big move by entering the rapidly growing field of digital asset encryption, which is becoming crucial in the blockchain and cryptocurrency sectors. According to the abstract of the patent, this proposed system described in…

Uniswap, Ethereum’s largest decentralized exchange (DEX), is gearing up for the launch of its much-awaited Layer 2 (L2) blockchain solution, Unichain, in early 2025. Designed to scale Ethereum while boosting transaction speed and security, Unichain aims to revolutionize decentralized finance (DeFi). Since October 2024, Unichain has been running a rigorous testing cycle on Ethereum’s Sepolia testnet. For the past months, the network has handled over 50 million transactions and deployed over 4 million contracts, with critical services being maintained at an uptime of 99%. Such results indicate readiness to serve the demands of a large-scale platform. Unichain, a DeFi-focused Layer…

ADA has declined by 8.77% over the past 24 hours. Market fundamentals show strong bearish outlook while an analyst predict a rally after correction. Since hitting $1.3, Cardano [ADA] has struggled to maintain an upward momentum. As such, it has experienced a strong downward pressure which has strengthened over the past week. Over this period, ADA has dropped to hit a low of $0.77. In fact, at the time of writing, Cardano was trading at $0.9013. This marked an 8.77% decline over the past day. Equally, it has declined by 14.45% on weekly charts. The recent decline has left Cardano community…

President-elect Donald Trump has made headlines with his latest selection of Bo Hines as executive director of the newly formed Presidential Council of Advisers for Digital Assets, also known as the “Crypto Council”. This announcement, made via Trump’s Truth Social account, is a key step in shaping the incoming administration’s stance on cryptocurrency and blockchain technology. A New Era For Cryptocurrency Hines, a 29-year-old Yale graduate and former college football player, is slated to serve as the leader of this advisory group, in addition to David Sacks, who has been designated as the “Crypto Czar.” Trump’s remarks highlighted the council’s goal:…

The Ethereum network will be undergoing a scheduled upgrade at block number 13,773,000, which is predicted to occur on Wednesday, December 8, 2021. The exact date is subject to change due to variable block times and timezones. Please upgrade your node before Sunday, December 5, 2021 to account for the variable block times. What is Arrow Glacier? The Arrow Glacier network upgrade, similarly to Muir Glacier, changes the parameters of the Ice Age/Difficulty Bomb, pushing it back several months. This has also been done in the Byzantium, Constantinople and London network upgrades. No other changes are introduced as part of…