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Following a brutal bear market for most of 2022 and 2023, the crypto industry finally appears to be gaining its footing again in early 2024. Bitcoin and select altcoins have managed to climb back toward their former all-time price highs, signaling a potential change of fortunes after a prolonged crypto winter. With positive sentiment returning to the market and buyers regaining confidence, March could prove a momentous month if the following five cryptocurrencies manage to achieve new all-time highs. Also read: Cryptocurrency: Top 3 Cheap Coins To Buy For Massive Gains In March Ethereum Eyes $5,000+ As the second-largest cryptocurrency, Ethereum has neared its former peak of $4,891 twice since November 2021 but failed on both attempts. Currently still about 22% away from that high, ETH may finally be ready to set new records above $5,000 considering the anticipation of the ETH ETF and the awaited Ethereum upgrades. Shiba Inu Eyes $0.0001 Shiba Inu took the crypto...

Bitcoin and select altcoins are showing strength, a possible sign that the bull trend has resumed. Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy as they shake out the weak hands and allow the stronger hands to add to their positions.  A note of caution to the eager dip buyers is that Glassnode data shows the number of whale wallets with more than $1,000 Bitcoin dropped to its lowest level in about a month. This indicates that some whales may have sold into the recent strength. Daily cryptocurrency market performance. Source: Coin360 DecenTrader co-founder Filbfilb said in an interview with Cointelegraph that a drawdown could come before the rally leading into Bitcoin halving in April 2024. Filbfilb believes Bitcoin could pick up pace after that and reach $46,000 to $48,000 by halving. Could Bitcoin and the select altcoins resume their uptrend, or will higher l...

Bitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflation surged to 0.5%, exceeding the markets' expectation. Buyers are finding it difficult to maintain Bitcoin (BTC) price above $27,000. The selling increased after the September producer price index rose 0.5% for the month versus expectations for a 0.3% increase. This shows that the inflation pressures are unlikely to ease in a hurry for the United States economy. The uncertain near-term environment has shifted analysts’ focus to November and the upcoming halving event expected in April 2024. Crypto analyst Miles Deutscher cited a chart from CryptoCon and said that if history repeats itself, then Bitcoin may turn up by November 21 and start its journey higher to the next halving. Daily cryptocurrency market performance. Source: Coin360 Going further ahead to 2026, BitMEX founder Arthur Hayes is even more bullish. While speaking as a guest on Impact Theory with Tom...

Polygon price is up today as traders assess the appointment of a new CEO and amid surging whale activity ahead of a key network update. Polygon (MATIC) price is up today , mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors. On July 11, the MATIC price rose 2.32% to $0.75, its highest level in a month — outperforming the crypto market, whose valuation stayed relatively unchanged from the previous day at around $1.14 trillion. MATIC/USD daily price chart versus crypto market capitalization. Source: TradingView New CEO, Polygon's 'decentralized governance' plans MATIC's intraday gains come as a part of a broader price jump that started after Polygon appointed its former chief legal office, Marc Boiron, as the new chief executive officer (CEO) on July 7. Since then, MATIC/USD has gained nearly 15%.   MATIC/USD four-hour price chart. Source: TradingView Boiron's appointment comes more than a month after the U.S...

Mihailo Bjelic suggested that adding zero-knowledge proof technology could bolster the network’s security while still keeping fees low. Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs to increase security. HUGE UPDATE ON #Polygon Polygon may go through some huge changes in near future. @MihailoBjelic shared a polygon improvement proposal few hours ago which discussed to upgrade polygon POS to zkEVM Validium. According to the proposal, Polygon POS is facing three key challenges… — Hitesh Malviya (@hmalviya9) June 20, 2023 Polygon PoS is an Ethereum scaling solution that has over $900 million in total value locked within its contracts and does over 2 million transactions per day. It was first launched in 2019. In March, the Polygon team launched a second network, Polygon zkEVM, that uses ze...

Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment. Bitcoin (BTC) and altcoins have been volatile in the past two days as the cryptocurrency markets come to terms with the actions of the United States Securities and Exchange Commission (SEC) against two of the biggest crypto exchanges, Binance and Coinbase. After the initial knee-jerk reaction to the news and the subsequent rebound, markets are likely to enter a range as traders reflect upon the uncertainty around the lawsuits. The initial response has been encouraging as the markets have not collapsed, indicating the growing maturity of the crypto space. Daily cryptocurrency market performance. Source: Coin360 Glassnode data shows a decline of 12,600 Bitcoin from exchange balances on June 5 and 6, indicating that traders kept their cool and did not panic as they had done during the FTX episode in November. What are the critical support levels to watch for on the ...

Trump’s first NFT collection has seen its value plummet by more than 60% following the latest launch which comes ahead of his 2024 presidential bid. Trump drops series 2 NFT collection ahead of presidential run Another round of digital nonfungible tokens (NFTs) trading cards have dropped bearing the likeness of former United States President Donald Trump, with 38,001 minted on Polygon (MATIC). The collection was launched on April 18 at a price of $99 each, it currently has a floor price of 0.0659 ETH ($145) according to data from NFT marketplace OpenSea and has racked up a volume of 592 Ether (ETH), or over $1.2 million. Based on the collections creator fee of 10% the sales have generated over $100,000, while the initial subscription generated an additional $3.76 million of revenue based on a sale price of $99. A screenshot of Trump's April 18 Instagram post. Source: Instagram Posting to Instagram, Trump suggested that he kept the price the same as it was for the first series “bec...

The cryptocurrency market is currently in carnage due to increased liquidations. The world’s largest cryptocurrency, Bitcoin [BTC], dipped by nearly 5% over the last couple of hours. This drop comes after weeks of recovery for the king coin. Along with Bitcoin, the rest of the market also nosedived. Prominent altcoins like Ethereum, Cardano , Solana , MATIC , XRP, Litecoin, and others were deeply impacted by this fall. Here’s how each one of these assets was faring amidst the ongoing crash. Ethereum [ETH] The second largest cryptocurrency was mirroring Bitcoin in terms of daily loss. At press time, Ethereum was trading for $1,569.79 with a 4.49% daily drop. Source – ETH/USDT Chart on TradingView ETH broke three prominent lines of support to reach its current level. As seen in the above chart, the cryptocurrency dipped below its immediate support line of $1622, followed by $1597 and $1565. Additionally, the Relative Strength Index [RSI] indicator revealed th...