Tron Token Burn: 10 Million Gone—What Does It Mean For TRX Price?
TRON (TRX) recently garnered attention by incinerating over 10 million tokens, demonstrating its dedication to a deflationary approach intended to enhance its value. Currently, TRX is trading at roughly $0.1605, indicating a small increase. Analysts express optimism on TRON’s future, forecasting a 57% price increase during the next three months, and an even more remarkable…
SUI Rallies 100%, But Signs Of Fatigue Emerge – Is A Drop Incoming?
Over the past 30 days Sui [SUI] has been on a roll, tripling its market capitalization and showing outstanding growth. Over 100% increase in value drove the token’s market capitalization above $5 billion. But as is always the case with cryptocurrencies, what rises must fall at least momentarily. The coin’s surge is exhibiting indications of…
Ethereum Could See a 53% Price Correction If This Happens—Analyst
Ethereum has been experiencing sluggishness in its price performance recently, as the cryptocurrency continues to closely follow Bitcoin’s movements. Currently trading at $2,392, Ethereum is down 1.5% in the past 24 hours, adding to its gradual decline in recent days. This drop follows a brief price surge last week, where Ethereum saw a slight surge…
Bitcoin’s Path To $80,000 “Melt-Up” In Q4 2024 – Details Inside
In a recent memo shared with clients, Bitwise CIO Matt Hougan emphasized several factors that could cause Bitcoin (BTC) to “melt-up” to $80,000 in the last quarter of 2024. Factors To Propel Bitcoin To $80,000 Hougan highlighted three essential conditions that could push BTC to new all-time highs (ATH) in 2024. First, he pointed to…
SUI Dips 4.3% After Nearly Reclaiming ATH, Is Now The Time To Sell?
SUI has been one of the few assets that appears to be having a lone bull run despite the struggle of certain cryptocurrencies in the market to reclaim their major highs. Over the past month alone, SUI has increased by more than 100%, with its 7-day performance still seeing green up by 11.8% after nearly…
Bitcoin Price Surge In 2024 Not Enough To Beat Gold’s Risk-Adjusted Returns – Details Here
According to Goldman Sachs, Bitcoin (BTC) price appreciation in 2024 failed to compensate for its price volatility risks. Meanwhile, gold’s higher risk-adjusted returns reaffirmed its “safe haven” narrative. Despite The Gains, Bitcoin Fails To Outshine Gold The leading digital asset by reported market cap surged from roughly $42,000 at the beginning of the year to…
Ethereum Proposal EIP-7781 Promises Network Performance Boost – Here’s What To Expect
Ethereum Improvement Proposal (EIP) 7781 aims to reduce Ethereum network slot times, expand blob capacity, enhance decentralized exchange (DEX) performance, and lower gas fees. What Is Ethereum Improvement Proposal – 7781? EIP-7781 has garnered attention from the Ethereum (ETH) community due to its potential impact on the smart contract platform. Proposed by Ben Adams, co-founder…
Optimism, Aptos, And Taiko Face $169.66 Million In Token Unlocks, Should You Buy Or Sell?
The cryptocurrency market is gearing up for a major event as Optimism (OP), Aptos (APT), and Taiko (TAIKO) prepare for token unlocks collectively valued at $169.66 million. According to data from TokenUnlocksApp, millions of dollars worth of cryptocurrencies will flood various ecosystems this week, which could further amplify the prevailing selling pressure. Of these cryptocurrencies,…