Author: Yeek.io

Solana’s network activity is fading fast, with transaction fees plunging to a six-month low. Unless activity rebounds, Solana risks deeper price corrections. Solana [SOL] has dropped to a seven-month low, losing the $120 support with a 10% weekly decline.  With the FTX unlocking flooding supply and weak hands exiting, clearly the sell-side pressure has dominated.  Notably, no strong demand zones have formed on Solana’s 1D price chart since its fall from $270, making deeper corrections almost inevitable. But the pain may not be over yet. Solana’s network activity hit multi-month lows Solana’s network activity is fading fast, with transaction fees…

Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, following a 6% weekly decline in the S&P 500 index.The stock market correction pushed the index to its lowest level in six months as investors priced in higher odds of a global economic downturn.Despite Bitcoin’s 30% drop from its all-time high of $109,350, four key indicators suggest that the correction may be over.Bitcoin bear market needs 40% drop, strong USDSome analysts argue that Bitcoin has entered a bear market. However, the current price action differs significantly from the November 2021 crash, which started with a 41% drop from…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent crypto market crash. His analysis revealed that XRP is set to face major resistance at $2.9, although he is confident that the crypto will…

Amid growing discontent among investors in established cryptocurrencies like AVAX and Chainlink, attention is shifting toward new prospects with the allure of significant returns. A fresh player in the market, XYZVerse, is stirring interest with claims of potential fivefold growth. This emerging opportunity is prompting a closer look from those seeking substantial gains in the evolving crypto landscape.$XYZ Eyes a Stunning 99,900% Rise, Claiming G.O.A.T. GloryXYZVerse ($XYZ) introduces a revolutionary twist to meme coins by fusing the adrenaline of sports with crypto’s explosive energy. Tailored specifically for passionate fans of basketball, football, esports and MMA, XYZVerse is more than just…

Blockchain analytics tool Bubblemaps has concluded its Token Generation Event for its native token BMT with 13,500% oversubscription. On March 11, Bubblemaps (BMT) concluded its TGE for its BMT token, which was hosted on Binance Wallet. The project intended to sell 40 million BMT tokens (4% of the total supply) at a price of $0.02 each, hoping to raise 1503.42 BNB. However, they received subscriptions totaling approximately 202,990 BNB, which is over 13,500% more than their initial goal. The TGE event followed Bubblemaps’ recent $3.2 million funding round, led by INCE Capital, according to Cryptorank.io. The fact that the TGE was…

1,200+ web3 startups, billions in investment, yet zero regulatory clarity — how long can India’s blockchain industry survive without clear rules? India’s web3 boom A few years ago, India’s blockchain scene was a playground for retail traders testing the waters with crypto assets. Today, it’s a different story. The India Web3 Landscape Report 2024, published by Hashed Emergent, unpacks key shifts in startup funding, enterprise adoption, developer activity, and regulatory trends, offering a clearer view of how the industry has matured. One standout insight is India’s unrivaled position in crypto adoption. For the second year in a row, the country…

The Solana (SOL) token surpassed its realized price threshold for the first time in over three years, which presents a major turning point in market opinion. The token currently sells for $124, which represents an 8% decrease compared to the $134 realized price, indicating the average on-chain movement price of Solana tokens. The unique market situation has prompted contradictory trading responses since some traders view it negatively and others see it as an advantageous time to accumulate. Why Does the Realized Price Matter? Market participants use this price level as both a psychological and technical support point. Historical data shows…

While panic selling has seen Bitcoin’s price slip below $80,000, whales looking to leverage the potential opportunity have aggressively accumulated over 65,000 BTC. On Mar. 11, as Bitcoin (BTC) struggled near the $80,000 mark, on-chain data and analytics platform CryptoQuant shared details showing that large holders, dubbed whales, have been busy buying on the cheap over the past month. CryptoQuant’s on-chain data indicates that despite the selling pressure leaving small holders in wreck mode, Bitcoin whales have used the 16% pullback over the past 30 days to accumulate more than 65,000 BTC. https://twitter.com/cryptoquant_com/status/1899464577966018585 “Although this does not mean immediate effects…

Cryptocurrency exchange Coinbase is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit (FIU). On March 11, the crypto exchange revealed on social media that “we’re approved to launch in India,” which prompted a follow-up from Coinbase’s chief legal officer, Paul Grewal.“Coinbase is now FIU-registered,” said Grewal. “It’s a major step towards empowering Indian entrepreneurs to build, innovate and scale global onchain businesses — all from home.”A Coinbase blog post confirmed that the exchange plans to offer cryptocurrency trading services in the country but did not specify a timeline for service…

Sony’s entertainment robot, Aibo, is entering the web3 space through a blockchain initiative on Soneium, an Ethereum Layer-2 network developed by Sony Block Solutions Labs. This introduces a collection of Soulbound Tokens (SBTs) that serve as digital representations of Aibo’s history.Aibo, first released in 1999, was designed to be an interactive robotic pet with AI-driven features. It quickly became known for its ability to engage with owners, learn behaviours, and develop unique personality traits over time.Now, rather than releasing new hardware, Sony is focusing on bringing Aibo’s legacy to the blockchain, ensuring its presence continues in a new digital format.…