Lipika Deka

Lipika Deka

Stablecoin

Stablecoin Market Explodes, $165B – New Record!

The stablecoin market, often known as the precursor to major price swings has shattered all records. Data from CryptoQuant revealed that its’ total market cap has logged an all-time high of $165 billion. But that’s not all – Tether, the king of stablecoins, just printed an eye-popping 3 billion USDT ... Read more

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Shiba Inu

Shiba Inu Just Got Even Safer: Shy Mode Activated

Shiba Inu l-2 ecosystem is set to make a giant leap forward with the launch of a Layer-3 (L3) scaling solution. This innovative protocol promises to revolutionize the way applications operate on the blockchain, particularly those handling sensitive data. The upcoming L3, tentatively named FHE (Fully Homomorphic Encryption), is designed ... Read more

Solana

Solana ETF Dreams Shattered by SEC Crackdown

Solana ETF hopes were dashed after the U.S. SEC held a closed-door meeting with ETF issuers about whether the token might be classified as a security. Following discussions, CBOE decided not to submit the relevant 19b-4 form to avoid initiating the approval process. While VanEck’s S-1 registration statement for the ... Read more

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AVAX

AVAX on Verge of Explosive Breakout: Details

Avalanche (AVAX) is on the edge of a major breakout. The leading cryptocurrency is forming a pattern called a “falling wedge” on the daily timeframe. This pattern indicates a potential price reversal from a downtrend to an uptrend. As highlighted by an analyst, this bullish chart formation is marked by ... Read more

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XRP

XRP Could Soar to $60: MACD Confirms

XRP, the leading altcoin is poised for a major breakout. Key technical indicators such as the cryptocurrency’s weekly Moving Average Convergence Divergence (MACD) indicator are flashing a powerful bullish signal, suggesting a potential price surge to the $50-$60 range. Market experts have also highlighted strong support levels and resistance that ... Read more

Lipika Deka

Solana's Price is a Mess: Can It Recover?

Solana’s Price is a Mess: Can It Recover?

Solana’s price has exhibited sharp fluctuations throughout 2024. These dramatic price spikes and crashes are mostly attributed to stagnant stablecoin liquidity since April 2024. However, recent data suggests potential shifts in this trend. Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar and are ... Read more