Author: Yeek.io

BONK has formed a double-bottom pattern on a higher timeframe chart suggesting a bullish trend reversal. However, a lack of high trading volumes in the derivatives market could lead to price consolidation.  Bonk [BONK], the second-largest meme coin on the Solana [SOL] blockchain, dropped by 4% in 24 hours to trade at $0.0000448 at press time. Trading volumes were also down by 40%, per CoinMarketCap, mirroring the downtrend across the broader market.  Despite this recent drop, BONK has been among the top-performing tokens in 2024. In fact, it has gained by more than 200% year-to-date.  With 2024 drawing to a…

CUBEs are now live on Celo’s mobile-first, EVM chain. Explore leading dapps to claim your credential (with lightspeed, low fee transactions). What is Celo? Celo is currently a Layer 1 chain with a grand vision: to make sending payments as easy as sending a text, to anyone with an internet connection across the world. Celo’s mobile-first platform is seamlessly EVM-compatible, with plans to migrate to an Ethereum L2 soon. Like Ethereum, you can bridge, swap, mint, and discover on Celo. However, with extremely low fees and lightspeed transactions, you can unlock new apps as well as favorites like Uniswap. CUBEs, the…

BNB was trading at around  $715.9 at press time. Rising on-chain activity and social sentiment reinforced BNB’s bullish outlook. Binance Coin [BNB] continues its impressive growth, recently reaching an all-time high of $794. The surge, driven by increased trading volume and heightened on-chain activity, reflects growing confidence in the ecosystem. With strong technical indicators and bullish social sentiment, BNB shows potential for further upward momentum despite minor consolidation risks. BNB: Price and trading activity on the rise BNB, the native token of Binance, has seen remarkable growth throughout 2024, culminating in a series of upward trends toward the end of the…

An analyst has explained how XRP could eventually reach a $4.40 price target based on the bull pennant pattern that has formed in its 4-hour price. XRP Has Just Shown Its Third Straight Bull Pennant Pattern In a new post on X, analyst Ali Martinez has discussed the bull pennant patterns that have formed for XRP recently. The “bull pennant” refers to a formation from technical analysis (TA) that occurs after an asset shows consolidation inside a triangle following a sharp uptrend. The pattern is made up of two parts: a pole and a ‘pennant.’ The pole corresponds to the…

Este artículo también está disponible en español. A former XRP skeptic has made an unexpected statement declaring the present price chart of XRP to be the best among all the cryptocurrencies. This surprising praise has sparked debates about Ripple’s digital currency, which still attracts strong advocates as well as outspoken detractors. Although it is uncommon for long-term critics to become optimistic about XRP, a recent observation by the seasoned trader has incited optimism among its supporters. The token’s chart is purportedly gathering momentum, which suggests that there is potential for long-term growth. Related Reading Not believing in XRP, Peter Brandt…

Mulenga Kapwepwe, founder of the Women’s History Museum of Zambia posed a question in 2022 to a small group of younger tech enthusiasts in Zambia: Can something called “blockchain technology” offer any new usefulness for the preservation of history? She had started a new initiative aimed at digital humanities, and engaging with young people excited by technology who might want to apply their talents to the world of arts, culture, and history. The group of developers, designers, and artists she was working with shared their enthusiasm for “web3”, and together they discussed some of the properties and features of blockchains.…

Nissan Motor is driving into the digital future with the beta launch of the Nissan Web3 Passport, a blockchain-powered platform designed to strengthen its relationship with customers. By embracing Web3 technology, Nissan is reshaping customer loyalty through features like NFT memberships, a dedicated Web3 wallet, and a rewards program—all aimed at making car ownership more rewarding and interactive. Blockchain Meets the Automotive World You’ve heard of blockchain in the context of cryptocurrency or NFTs, but Nissan is taking it beyond digital collectibles. With Nissan’s Passport, the company is using blockchain to give you a more personalized and secure car ownership…

In November 2023, the European Central Bank (ECB) began the preparation phase of a digital euro. Just over a year later, it has published its second progress report on the phase, laying out the foundations for the potential issuance of the currency.In the time since the initial preparation phase, the ECB has updated its digital euro scheme rulebook to harmonise digital euro payments across the euro area. Beforehand, there was an interim review carried out by members of the Rulebook Development Group, representing the views of consumers, retailers and payment service providers.The updated draft also included input from seven new workstreams,…

DeFi’s biggest appeal currently comes from its reward structures, which, as of 2024, have attracted billions of investors’ dollars due to the promise of high returns over short periods.  Incentive structures such as high-yield farming and staking rewards have become a common feature of the crypto landscape, especially because they encourage participation by allowing users to earn passive income and opportunities to maximise gains quickly. However, these systems can inadvertently foster fraud and unsustainable projects. Projects offering excessively high returns risk becoming Ponzi schemes, where early investors benefit at the expense of later ones. A notable example is Iron Finance’s…

Shiba Inu price suffered a harsh reversal on Monday, Dec. 9, as Bitcoin and other altcoins retreated.  Shiba Inu (SHIB) dropped by about 7% to a low of $0.000030, much lower than this month’s high of $0.000033. Other popular meme coins also experienced declines, with Popcat (POPCAT), Peanut the Squirrel, and Dogwifhat (WIF) leading the way.  Shiba Inu’s retreat coincided with a significant drop in its burn rate. Data from ShibBurn showed the burn rate decreased by about 90% to 413,412 SHIB coins. This marked a sharp decline after a wallet burned 250 million SHIB coins in a single transaction…