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Crypto Traders Bleed Heavily After Betting Against Market

The past week has been an eventful one for crypto traders, regardless of whether they were making profits or losses off the market. Over the weekend, the crypto market had seen some dramatic weekend, and as another trading week opens up, short traders have drawn the ‘short’ stick once more. Losses Reach $180 Million Over[Read more…]

Solana Nears 100 Billion Transaction Milestone As Price Aims For $40

Solana has made a name for itself in the decentralized finance (DeFi) and non-fungible token (NFT) space over the last few years. Its growth has seen it become one of the largest contenders for the leading smart contract network Ethereum, as it presents faster and cheaper transaction options. Its transaction count had quickly multiplied in[Read more…]

Bitcoin Price Trades Below $19,500 While Chainlink Surpasses The $7 Mark

The bearish trend for Bitcoin keeps rolling on consecutive days. BTC has lost its anchor on the $20,000 region. Its trading activities have gotten below this level, with no sustainable hope for a positive price reversal. Events and activities in the broader crypto market for August have not been encouraging. Prices of almost all the[Read more…]

Solana Gains 11% In 2 Days As SOL Cruises Near Resistance Zone

The 11 percent gain of Solana from its dip on September 7 comes after months of turbulent market conditions. A tenth of that may be meaningless by the time this is published. The market is currently trending upwards. The market bottomed out at $33.79 on Wednesday before falling 9.29% to $30.89. At this point, both[Read more…]

Helium (HNT) Deflates 15% After Proposed Transition To Solana

The Helium network, a blockchain-powered wireless system, may soon undergo significant revisions as its key developers consider switching to Solana. The proposal by Helium’s core developers to switch from their own blockchain network to Solana’s was codenamed “HIP 70.” Since developers revealed a plan to migrate the network to Solana, the value of HNT has[Read more…]

Why Solana Has Outperformed Ethereum, SOL Up 36% In One Week

Solana (SOL) is the best performing asset in the crypto top 10 by market cap. The market seems to be positively reacting to Solana Labs’ smartphone announcement as the cryptocurrency is surging faster than other assets in this tanking. Related Reading | Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead? At the time of[Read more…]

Solana Retraced 8% On The Chart, Is It Eyeing $30?

Solana plummeted substantially over the last 24 hours and was inching towards its crucial support line. The technical outlook of the coin continued to reflect bearishness. Few days ago though, the coin had attempted to bring the bulls back. At the current moment, SOL was back to trading near the August 2021 level. Buyers also[Read more…]

Solana Broke Its Nearest Support, Vital Trading Levels To Keep An Eye On

Solana has fallen on its chart over the last 24 hours by 2%. Over the last 24 hours, there has been strong bearish influence on SOL’s price. Currently the coin has found support on the $34 level. The market also has been taken over by the bears, Bitcoin has been hovering around the $20,000 mark[Read more…]