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Polygon’s price traded to $0.84, a level last seen in July. Meanwhile, Bitcoin (BTC) climbed to $36,800 amid optimism around spot Bitcoin ETF approval. MATIC is trading higher as continued whale accumulation adds buy pressure to the market. Polygon (MATIC) price rose early Thursday morning to trade at highs of $0.84 on major crypto exchanges.  The token’s nearly 6% price jump in the past 24 hours means the native token of the layer-2 Ethereum scaling platform reached a four -month high. The altcoin’s market cap has also increased to $7.6 billion, up more than 5.4% in the past three weeks. Why is Polygon (MATIC) price up? Polygon ’s price has returned to levels last seen in July as cryptocurrencies hit $1.4 trillion in global market cap and 24-hour trading volume of $77 billion. Meanwhile, Bitcoin ( BTC ) price climbed to above $36,800 as the optimism around the ecosystem increased. Analysts are bullish on the flagship crypt...

The BitTorrent (BTT) price has been constantly declining since January 2022 but has risen to an 11-week high on Oct. 31 when the platform announced a renewed product.  BitTorrent announced the BitTorrent Web PRO on Oct. 31 on X (formerly Twitter), which helped the asset’s price rise to $0.00000052. But the surge was short-lived, and the BTT price declined again. BTT price, volatility, and social volume – Nov. 1 | Source: Santiment The announcement faced criticism from many users on X, saying that “investors are losing money.” The holders are only losing money… #BitTorrent Web Pro?? who will buy this?? — Kimsman (@hasoo_kim) October 31, 2023 According to data from the market intelligence platform Santiment, BTT’s price volatility skyrocketed on Oct. 31, when the asset reached a local top with a $41 million 24-hour trading volume.  You might also like: New Bitcoin highs are coming: analyst While BitTorrent’s price volatility declined by half, t...

Oct. 31 marks the 15th anniversary of the white paper from Satoshi Nakamoto, the pseudonymous person or persons that introduced the world to Bitcoin. Today, the token sits at $34,494 according to data from CoinGecko, the world’s largest data aggregator. Bitcoin through the years Following the release of the white paper , Bitcoin as a cryptocurrency was launched in 2009, with the first genesis block being mined on Jan. 9. Four years later, the world’s first cryptocurrency was sitting at $204. Price of BTC on Bitcoin White paper Day 2013: $204 2014: $337 2015: $312 2016: $699 2017: $6369 2018: $6332 2019: $9172 2020: $13,537 2021: $61,837 2022: $20,624 2023: $34,494 — CoinGecko (@coingecko) October 31, 2023 You might also like: Apple quietly removes bitcoin whitepaper from latest macOS Beta In the next four years, the cryptocurrency reported growth until 2017, where it was reported at $6,369 on Oct. 31 in that year. Bitcoin then continued to report consistent ...

Render (RNDR) price was up 5% in the past 24 hours and 52% in the past 30 days. The AI related crypto project has seen positive sentiment amid greater adoption of its technology. A community vote has also passed a proposal to onboard cloud computing platform Beam. The price of Render rose sharply on Friday as the AI crypto token continued the outperformance seen this past week. RNDR traded more than 5% up to highs of $2.25 in the 24-hour period to the time of writing, with weekly and monthly g AI ns at 13% and 52% respectively. Recent upward momentum has benefited from AI hype driven by forecasts from m AI nstream companies, including Microsoft, Nvidia and Palantir. RNDR price up as community votes for key proposal Render’s upside appears to have defied likely sell-off pressure after on-chain data revealed FTX/Alameda had moved over 974k RNDR tokens. While the transfer of the tokens, valued around $2 million at the time, was probably for selling pu...

Although most assets in the cryptocurrency market have been demonstrating strength over the past few weeks, Dogecoin (DOGE) included, some artificial intelligence (AI) algorithms do not see further progress for the famous dog-themed cryptocurrency in the coming days. Indeed, the AI-driven algorithms deployed by the crypto sector monitoring and analytics platform CoinCodex have set the price of Dogecoin at $0.0698 for October 31, 2023, which, if correct, would mean a decline of 2.43% to its price at press time, as per data on October 27. DOGE 5-day price prediction. Source: CoinCodex On the other hand, Google Bard has offered a more positive outlook for DOGE on Halloween 2023, sharing the views of some analysts who believe that Dogecoin could reach the price of $0.0775 on that date, based on the digital asset holding above the $0.055 support level. Considering the historical context, it is worth noting that the price of DOGE during the past three Halloweens recorded variable p...

Tron interest surges again as it enters the top 10. Ethereum developers hint at a mainnet shadow hard fork. Everlodge is predicted to rally by 30x after its launch and subsequent Tier-1 CEX listing. As the crypto market continues redefining, buyers closely watch potential winners in 2023. Tron (TRX), Ethereum (ETH), and Everlodge (ELDG) have all gained significant attention, each for something unique.  This article will look into a price forecast for these three cryptocurrencies to see the future. Tron (TRX) enters top 10 once more  Tron (TRX) is making a strong comeback, securing a place among the top 10 coins by market capitalization again. In fact, it now has a market cap of $7.7B. The resurgence of Tron is evident in its impressive network activity, as TRONSCAN has reported 6.5B transactions on its network.  Additionally, Tron recently surpassed 190M accounts on its network – an outstanding milestone. This surge indicates a renewe...

From market metrics to ETF aspirations, uncover what drives BTC’s price in October. Riding the wave of a largely positive October for cryptos, Bitcoin (BTC) breached the $35,000 barrier on Oct. 23, a high it hadn’t seen since May 2022 As of Oct. 24, the price of BTC has been oscillating between $34,000 and $34,500, demonstrating a slight consolidation after the recent high. Moreover, the year has been fruitful for BTC so far, with its year-to-date (YTD) gains exceeding 100%, specifically standing at 103%.  This bullish momentum is largely fueled by the anticipation that a spot BTC ETF might soon receive a green light, escalating mainstream adoption. Several key players like Grayscale and Blackrock have thrown their hats in the ring, applying for ETF approval, adding more fuel to the market’s bullish stance.  Let’s delve deeper into the factors influencing Bitcoin’s performance, the metrics, and market sentiments and try to understand where BTC might be...

Following a massive upside push that the cryptocurrency market has recently made under the leadership of Bitcoin (BTC), artificial intelligence (AI) and machine learning (ML) algorithms predict further success for the flagship decentralized finance (DeFi) asset for this year’s Halloween. Indeed, after things started to look bleak this month, the famous ‘Uptober’ seems to have returned, and AI-driven algorithms deployed at the cryptocurrency analytics platform CoinCodex suggest more gains by Halloween, setting the price of Bitcoin at $41,160 for October 31. Bitcoin 1-month price prediction. Source: CoinCodex According to the most recent information, this predict ed price would represent an increase of 20.04% from the price of the maiden crypto asset at the time of publication on October 24. At the same time, ChatGPT, the text-based AI platform that is the brainchild of OpenAI, provided some historical context, pointing out that Halloween in previous years “has seen significant ...

As geopolitical uncertainties escalate, much of the cryptocurrency market has responded by turning red, including Shiba Inu (SHIB), but artificial intelligence (AI) algorithms suggest the meme dog digital asset might still recover and start the next year on a bullish note. Indeed, the AI-driven price forecast algorithms used by the crypto analytics platform CoinCodex predict that Shiba Inu will trade at the price of $0.000007629 by January 1, 2024, which suggests an increase of 11.03% compared to its current price as of October 10, 2023. Shiba Inu 3-month price prediction. Source: CoinCodex SHIB price analysis As things currently stand, SHIB was at press time changing hands at the price of $0.0000068712, which represents a loss of 0.63% in the last 24 hours, in addition to being down 5.59% across the previous seven days, adding up to the drop of 7.11% in the past month, as the latest charts show. SHIB 7-day price chart. Source: Finbold Meanwhile, the meme dog cryptocurren...

Crypto analyst Jason Pizzino examined historical stock market cycles and predicted that Bitcoin could see significant price increases. In an Oct. 9 YouTube video, crypto analyst Jason Pizzino took a deep dive into historical stock market cycles. He used that data to predict where the price of Bitcoin (BTC) could be headed in a new video posted on October 9, 2023. Pizzino claimed that if you look back over the last 100 years, stock markets tend to follow approximate 20-year cycles. At the end of each cycle, markets historically hit a peak mania period where price s surge dramatically before eventually crashing down. You might also like: Jefferies calls Bitcoin a safeguard against currency inflation He pointed to several examples of these cycle peaks and crashes – the lead-up to the 1929 peak and Great Depression crash, the 1960s bull market peak and 1970s stagflation crash, the 1980s Japanese asset bubble peak and crash, the 2000 dot-com bubble peak and the 2008 f...

Despite opening the week on a bullish note, the majority of assets in the cryptocurrency sector are consolidating their earlier gains, including Solana (SOL), but for which certain artificial intelligence (AI) algorithms predict a much brighter future by the end of this year. As it happens, the AI-driven price prediction algorithms over at the cryptocurrency tracking platform CoinCodex have set the price of Solana at $39.73 by December 31, 2023, which would indicate a gain of nearly 65% to its price at press time, as per the most recent data seen by Finbold on October 3. Solana 3-month price prediction. Source: CoinCodex Solana price analysis In terms of its price at present, Solana stood at $24.08, demonstrating a decline of 0.6% in the last 24 hours, although across the previous seven days, it has accumulated a gain of 24.52%, in addition to increasing 23.23% in the past month and as much as 140% since the year’s turn. Solana year-to-date (YTD) price chart. Source: Finbold...

A Matrixport analyst envisions a scenario, where Ethereum price can “materially drop lower” by the end of the year. Ethereum (ETH) price can go down to the $1,000 mark should the cryptocurrency decline below $1,500 amid a possible sell-off initiated by FTX creditors. A Matrixport analyst said in a recent research report that FTX creditors could trigger an “overhang for altcoins for the rest of the year” if they get a green light from a US court. “A decline below $1,500 could bring back the idea that Ether could decline to $1,000 — a level that would appear justified based on the revenue projection from the Ethereum ecosystem.” Matrixport analyst The analyst notes ETH at current prices is below the 50d MA, which is a bearish sign. Besides, Ethereum is underperforming Bitcoin as the trend (20d) MA shows ETH/BTC ratio is decreasing, the analyst added. As of press time, ETH is trading at $1,611, according to CoinMarketCap data. Solana funding r...

AAVE price may have been impacted by this week’s Curve Finance scandal, but a robust insurance fund and steady fee revenue could protect against further downside. AAVE, the governance token of the decentralized finance (DeFi) protocol Aave, experienced a 17% decline between July 30 and August 1, reaching the $62 level.  While the $62 support has demonstrated its resilience, the current price of $64.40 is still 12% below the daily close on July 30. Investors are now questioning whether this movement signifies a more cautious approach to the sector or if other factors are exerting pressure on the AAVE token price . AAVE price index, 12-hour chart. Source: TradingView Part of the recent movement in the AAVE token can be attributed to the risks of cascading liquidations on DeFi protocols, resulting from the Curve Finance pool exploit that commenced on July 30. However, Aave's decentralized liquidity protocol has successfully survived previous identical scenarios and the protocol has ...

ETH price still struggles to conquer the $2,000 level, but growth in LSDFi could prevent a sharper sell-off. Ethereum (ETH) has been on a downward trend with the $2,000 level forming a crucial resistance level in recent months. While Bitcoin (BTC) recorded 11.94% gains moving past $30,000 in June after BlackRock filed an ETF application with the U.S. Securities and Exchange Commission, the upside in ETH stayed around 3.16%. In the first week of July, buyers attempted to move the price past crucial resistance at around $1,900, however, a failed breakout exposed the price to further correction. The Ethereum network also witnessed a decline in activity, evident in the one-year low levels in total transaction fees. The price of leading NFT collections on Ethereum plummeted, while DeFi activity stalled due to low yields. The 7-day moving average of total transaction fees paid on Ethereum. Source: Glassnode However, the downside may be restricted as the demand for liquid staking derivati...

The web3 real estate platform, Propy, gained traction in the past 24 hours as its native utility token, PRO, rises significantly.  According to data provided by CoinMarketCap (CMC), the recent hike comes with a notable increase in the asset’s 24-hour trading volume, rising by around 1,740% and reaching $4.7 million. You might also like: Bounty marketplace exec explains how to launch crypto project without getting hacked Moreover, PRO is up by 55% in the past 24 hours, trading at $0.42 when writing. The asset’s market capitalization has reached roughly $42 million. It ranks 407 on CMC. PRO price – July 6 | Source: CoinMarketCap On July 5, PRO witnessed a 77% rise with its price reaching the $0.57 mark after consolidating between $0.26 and $0.28 over the past week. Per CMC, PRO’s return on investment (ROI) shows the red zone — down by almost 50%. The Analysis provided by InvestorsObserver puts PRO as a high-risk asset — this usually happens because of a massiv...

Decision time for Bitcoin as an ongoing correction changes the nature of the $30,000 breakout. Bitcoin (BTC) fell below $29,000 into April 20 as bulls faced a battle for ground reclaimed in March. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Will $30,000 become Bitcoin's latest "Bart Simpson"? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,800 on Bitstamp. Earlier wicks below $28,600 were quickly bought up, but Bitcoin still threatened to flip $29,000 to resistance on the day, as traders eyed a crucial support zone. $BTC / $USD - Update On support now, so I am scalping a long while we remain above the lows at $28,550 on a 4 hour closure Will see how this plays out today pic.twitter.com/qsjmVn2kb9 — Crypto Tony (@CryptoTony__) April 20, 2023 “Whilst the Bitcoin market is correcting, we still have the average transactor taking profits,” Checkmate, lead on-chain analyst at Glassnode, wrote in part of Twitter analysis. “To...

BTC bears are positioned to profit from this week’s Bitcoin options expiry, especially if price stays below $18,000. On Dec. 14, Bitcoin (BTC) broke above $18,000 for the first time in 34 days, marking a 16.5% gain from the $15,500 low on Nov. 21. The move followed a 3% gain in the S&P 500 futures in 3 days, which reclaimed the critical 4,000 points support.  Bitcoin/USD index (orange, left) vs. S&P 500 futures (right). Source: TradingView While BTC price started the day in favor of bulls, investors anxiously awaited the U.S. Federal Reserve Committee's decision on interest rates, along with Fed chair Jerome Powell's remarks. The subsequent 0.50% hike and Powell’s explanation of why the Fed would stay the course of its current policy gave investors good reason to doubt that BTC price will hold its current gains leading into the $370 million options expiry on Dec. 16. Analysts and traders expect some form of softening in the macroeconomic tightening movement. For tho...