Market Trends

Pi Network developers have issued an important update on the ongoing Know Your Customer progress and the timeline for the mainnet launch. n an X post, the developers announced that over 18 million pioneers had completed the KYC verification process, with the number growing rapidly. According to the update, over 200,000 pioneers are completing KYC verification daily. However, the developers …

Hedera Hashgraph price has retreated sharply in recent days as the outlook for the crypto industry has worsened. Hedera Hashgraph (HBAR) fell to a low of $0.2483, a drop that mirrored other popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Most cryptocurrencies have dropped, bringing the total market capitalization of all coins to $3.24 trillion. Hedera’s retreat coincides with a …

Bitcoin has pulled back from its all-time high of $108,353. However, it holds steady above support at $100,000. Over 77% of the wallet addresses holding Bitcoin are profitable. The number of profitable wallet addresses is above 70% for most altcoins in the top 30 cryptocurrencies ranked by market capitalization.  Crypto portfolios biased towards Bitcoin are currently outperforming as the largest …

It was a sea of red in the crypto industry as Bitcoin price dropped below $100,000 briefly and the crypto fear and greed index moved from the extreme greed zone of 88 to 69. So, why did crypto crash this week? Bitcoin (BTC), he largest cryptocurrency, was trading at $102,300 on Dec. 19, while Ethereum (ETH) dropped to $3,600. Some …

Solana price has moved into a technical bear market as the crypto sell-off intensifies after the hawkish Federal Reserve decision. Solana (SOL), the fifth-biggest cryptocurrency, dropped to the psychologically important support at $200. Technicals point to a Solana price comeback The daily chart shows that SOL price has formed a few bullish chart patterns, pointing to a rebound in the …

Most meme coins plunged this week as many retail traders continued to sell in panic as the outlook in crypto worsened. The market cap of all meme coins tracked by CoinGecko was down by 12% to $113 billion on Dec. 13. While most meme coins plunged, the sell-off was more pronounced among smaller tokens. Brett (BRETT), the biggest meme coin …

Cardano price has crashed by over 20% from its highest point this year, and one legendary trader believes that it has more downside to go.  Cardano (ADA), a popular layer-1 coin, retreated to $0.90, much lower than the year-to-date high of $1.326. Peter Brandt, a legendary trader who has written widely on technical analysis, warned that the coin may continue …

Ethereum price declined to a critical support level as cryptocurrencies experienced a sharp pullback following the Federal Reserve’s hawkish interest rate announcement. Ethereum (ETH) slipped to $3,540, marking a 10% drop from its peak earlier this week. This retreat coincided with the sell-off of other coins like Bitcoin (BTC) and Solana (SOL). Despite the price drop, Ethereum’s fundamentals remain strong. …

Chainlink price experienced a significant reversal and dropped for three consecutive days, erasing some of the gains made last week. Chainlink (LINK) token fell to $27, marking a 13% decline from its highest level this year and bringing its market cap to over $17 billion. The retreat mirrored losses seen across other popular cryptocurrencies. Bitcoin (BTC) dropped to $105,000 from …

Mantra price rose for three consecutive days, becoming one of the best-performing cryptocurrencies as most others declined. Mantra (OM) token rose to $4, slightly above the lowest level this week. This rebound pushed the token’s market cap to over $3.8 billion. Its rally occurred even as the staking yield dropped to 15.4%. This represents a decline of over 12% in …