Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Polygon [MATIC] is one of the most popular cryptocurrencies in the world. At press time, it had a market capitalization of more than $10 billion, making it 9th largest crypto by market cap. ItContinue reading “I grilled ChatGPT about Polygon’s [MATIC] price action, but it left me intrigued”

FTM’s daily active users and transactions declined  On-chain performance was not up to par, but market indicators were slightly bullish Fantom [FTM] recently reached a new milestone by having over 50 million unique addresses on the network. This was a laudable achievement as the year on year growth exceeded 1700%.  ✅ JUST IN: The amountContinue reading “Fantom reaches a new milestone, but will it help FTM make its way through Q2”

Avalanche has launched its new Evergreen Subnets with additional features. On-chain performance remained decent and was suggestive of an upcoming price hike.  Avalanche’s [AVAX] network value has shown signs of recovery over the past few days. As per DeFiLlama’s data, AVAX’s TVL declined sharply on 17 March. However, since then, it has corrected itself andContinue reading “As Avalanche [AVAX] metrics see an uptrend, will its price follow”

FET’s volume declined nearly 30% in the last 24 hours, and so did its price. Positive sentiments around the token improved, but market indicators were still bearish. Fetch [FET] has been witnessing a decline in investor interest, which was evident from its trading volume. As per CoinMarketCap, FET’s volume declined by nearly 30% in theContinue reading “Fetch [FET]: As investor interest depletes, can these updates save the network”

Stake 2.0 solved several challenges that users faced with the old staking mechanism  Tron’s total addresses continued to rise, but TRX’s state was concerning   Tron [TRX] made a major announcement on 7 April regarding the launch of Tron Stake 2.0. The new staking mechanism went live after Tron’s No. 84 committee proposal got passed.  🚀𝐄𝐗𝐂𝐈𝐓𝐈𝐍𝐆Continue reading “Tron Stake 2.0 and its impact on TRX: All you need to know”

Solana NFT sales increased over 7% in the last seven days.  SOL’s price action was dormant, but a few metrics looked promising.  Solana’s NFT space recently noted a major setback when one of its most popular collections, y00ts, completed its migration to Polygon. The importance of this episode was further proven by Solana Daily’s 5Continue reading “y00ts is on Polygon now, but what of Solana going forward?”

BTC’s Open Interest declined and selling pressure seemed dominant across the Futures market A few metrics supported the bulls, but the rest suggested otherwise Bitcoin [BTC] fell victim to a price correction over the last 24 hours as its price declined by more than 1% on the charts. At press time, it was still tradingContinue reading “Deciphering the reasons behind Bitcoin’s [BTC] recent price correction  “

VET’s social volume and development activity spiked, but TVL declined However, a few metrics and market indicators did show some bullish signs for VET VeChain [VET] has been witnessing a price pump for over a week as it increased by more than 4%. The growth did not seem to have stopped, as according to CoinMarketCap,Continue reading “VeChain’s latest rally reveals this about the state of VET in coming days”

Ethereum’s price increased by more than 5% in the last 24 hours. Most of the market indicators and metrics supported the possibility of further growth.  Investors woke up to the good news on 5 April as the crypto market turned quite bullish, allowing multiple cryptocurrencies to push their prices upward. Ethereum [ETH] was capitalizing onContinue reading “Will Ethereum [ETH] cross $2,000 this week? Refer to these indicators”

Justin Sun confirmed that BNB will launch on TRON and also shared plans to introduce zkEVM. TRON has burned 16 billion TRX tokens, but its price is yet to respond.  TRON [TRX] has maintained its position as the blockchain with the most daily active users. The network has been surpassing even the big players, includingContinue reading “TRON registers an increase in user count, but here’s food for thought”

1INCH’s MVRV ratio declined despite the price uptick. Metrics were bearish, but market indicators gave hope for a continued price surge.  1inch Network [1INCH] will unlock new tokens on 5 April 2023, which will increase its circulating supply. As per Token Unlock, over 287,000 1INCH tokens worth $149,585 will be unlocked, accounting for 0.019% ofContinue reading “1INCH: As token unlock approaches, is a price correction in the works?”

Polygon’s active addresses increased slightly, but fees and revenue declined in the last few weeks. MATIC’s chart was green, but metrics supported the bears.  Polygon [MATIC] registered a slight increase in daily active addresses over the last 30 days. The growth can be attributed to the much-anticipated zkEVM mainnet launch, which helped attract more usersContinue reading “Polygon witnesses GameFi growth, but will lurking bears impede MATIC’s rise”