Ether Options Market Shows Bias for Price Weakness Over Next 6 Months
Ether’s price appears overvalued compared to Ethereum’s dwindling revenues, one analyst said. Ethereum‘s native token Ether (ETH) fell to a six-week low on Tuesday, with traders in the options market betting on price weakness over the next six months. The second-largest cryptocurrency by market value fell to $1,815 during Asian hours, reaching the lowest […]
MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July
Cryptocurrency giants bitcoin and ether, meanwhile, lost ground during the month. MakerDAO’s MKR was the leading gainer among the constituents of the Coindesk Market Index (CMI) in July, advancing 47%. The native token of Ripple Labs, XRP was just behind, adding 46.6% during the month as a U.S. judge ruled the sale of XRP tokens on exchanges […]
ApeMax and Dogecoin: Battle of the Meme Coins
In the volatile world of cryptocurrency, meme coins have carved out their own niche. These internet-inspired coins, often humorously named and themed, have a unique appeal to a wide range of enthusiasts. Two meme coins currently in the spotlight are ApeMax and Dogecoin, and they are both unique in their own right. ApeMax: The Up-and-Coming […]
Ripple (XRP) Price Prediction: Is It Time To Invest in XRP?
Recently, a judge in the United States made a ruling in favour of Ripple (XRP) and this news sent a ripple effect to the entire crypto market with XRP price rising by 78% overnight while other cryptos were also in green. This type of news always raises speculations within the crypto community and now speculations […]
Bitcoin Plunged 11% in Worst Week Since FTX’s Collapse. What’s Next for BTC’s Price?
BTC slipped below $26,000 amid the crypto market mayhem. BTC’s fall below $26,000 is poised to be the worst weekly decline since the collapse of FTX. Absence of a decision in the closely followed Grayscale vs. SEC lawsuit didn’t support the recovery. Market observers are divided on whether the correction is over. Bitcoin (BTC) is […]
FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall
If FTX was founder Sam Bankman-Fried’s alleged personal piggy bank, it wasn’t refilled. Newly filed court documents introduced last week (March 2) reveal what John J. Ray III, FTX’s current CEO, has called a “massive shortfall” of “highly commingled assets” at the hollowed-out cryptocurrency enterprise, representing over $8.6 billion in total liabilities across all customer wallets and enterprise […]
