Blockchain technology continues to revolutionize various industries, with supply chain finance and trade finance emerging as key sectors benefiting from its capabilities. The transparency, security, and efficiency that blockchain offers make it an ideal tool for transforming traditional financial processes in these areas. In this post, we will delve into…
Polkadot’s daily chart reveals that the asset has experienced a notable 30% correction from its peak of $11.9. Despite strong support from the 100-day moving average and Fibonacci retracement levels, the price has not shown significant signs of a sustainable recovery. The support zone around $8 has temporarily held, but…
Ethereum recently faced a rejection at the significant $4K price level, followed by a sharp 25% decline. The price is now testing key support at the 0.618 Fibonacci level, around $2,972, and has found some stabilization at this level. If Ethereum successfully holds this support, a potential rebound towards the…
As blockchain adoption continues to expand, the demand for enhanced on-chain privacy has intensified. Transparent blockchains like Ethereum and Bitcoin expose transaction details to the public, creating privacy challenges for users and institutions alike. The conversation around blockchain privacy is evolving, with stealth addresses and zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments…
Bitcoin’s price has made significant gains since bouncing off the $40K support zone, but the $52K resistance level remains a critical hurdle. The market sentiment is cautiously optimistic, as the Relative Strength Index (RSI) stays above 50%, signaling that higher prices are possible in the short term. A breakout above…
Grayscale GBTC Faces $7B in Outflows Amid Increased Competition Grayscale’s Bitcoin Trust (GBTC) has experienced significant outflows, with $7 billion withdrawn since its conversion to a spot Bitcoin ETF. While the outflows appear to be slowing, the fund, once a leading player in the market, is facing mounting competition from…
Maker (MKR) experienced a remarkable rise in activity during the start of the year, with its price surging to $2,140, the highest level since April 2022. This upward trend resulted in monthly gains exceeding 50%, largely driven by significant accumulation from prominent wallet addresses. MKR’s Early 2024 Rally: Whale Accumulation…
Bitcoin’s price experienced a significant drop yesterday, fluctuating by over 10% in just 24 hours. While it has not yet broken below any critical support levels, analyzing the cause of this movement and its implications for the market is crucial as yesterday’s crash provides valuable technical insights. The Daily ChartOn…
Cardano’s native token, ADA, has shown remarkable growth recently, with its price skyrocketing by 75% in just the past two weeks. This surge has catapulted ADA to around $0.65, significantly outperforming many other cryptocurrencies and showcasing its strength in the current market environment. Factors Driving ADA’s Rise ADA’s recent rally…
Ethereum has displayed strong bullish signals, with the price retracing above the crucial resistance level of $2.1K and maintaining its upward momentum. This led to a new annual peak of $2.4K, indicating renewed bullish sentiment and increased demand among market participants. However, it’s essential to note that short-term corrections typically…
Bitcoin’s recent upward momentum encountered resistance at the significant $37K mark. Despite breaking this level, the market entered a consolidation phase, with the price oscillating between $37K and $35K. A breakout from this critical range will be pivotal in determining Bitcoin’s next move. The Daily ChartOn the daily chart, Bitcoin’s…
Zero-Knowledge Proofs (ZK) have become one of the most discussed concepts in the blockchain and crypto industry. This cryptographic innovation allows for the validation of information without revealing the actual data, providing a balance between transparency and privacy. Initially developed in the 1980s, ZK proofs have evolved significantly, with their…