Bitcoin (BTC) Price Prediction for March 28. BTC/USD. The

Explore More From Creator

Cardano (ADA) Price Prediction for June 7. ADA/USD. The price of Cardano (ADA) has risen by 0.53% over the last day. On the hourly chart, the rate of ADA is in the middle of the local channel, between the support of $0.4575 and the resistance of $0.4648. However, if the breakout of the upper level happens, the accumulated energy might be enough for a move to the $0.47 zone. On the bigger time frame, one should pay attention to the nearest level of $0.4656. If the candle closes near it or above, the upward move may continue to the $0.4750-$0.48 range soon. A less clear picture can be seen on the weekly chart. In this case, one should focus on the bar's closure in terms of the previous candle's peak. If it happens above $0.4750, growth may lead to the test of $0.50. Such a scenario is relevant until the end of the month. ADA is trading at $0.4733 at press time.

Base Flips Optimism (OP) as Biggest L2 in OP Stack. Coinbase exchange's layer-2 scaling solution, Base, has outranked many of its peers on sustained growth since the start of this year. According to data from DeFiLlama, the Base Total Value Locked (TVL) has now jumped to its all-time high (ATH) in value at $1.784 billion. Base crossed the $1 billion milestone earlier in March. Base-Optimism flip. In relation to their relative ages, Base is a relatively newer protocol compared to Optimism. However, the emergence of Base came with a very defined embrace that has helped it keep up pace with growth figures. While it currently boasts of a TVL ATH of $1.78 billion, Optimism has only managed to rake in $878.62 million. Though Base was designed using the OP Stack, both layer-2 protocols currently operate on a very different adoption rhythm. On Base, the largest application is Aerodrome with a TVL of over $712 million. This protocol is also deployed on Optimism, however, with $147.01 million in value locked. The other intersecting application in the top five for both Optimism and Base is Uniswap. Again, the TVL of Uniswap on Base is $314 million, while that of Optimism comes in at $73.97 million. The OP Stack ecosystem itself is bigger than the duo of Base and Optimism, with other DeFi, gaming and media protocols designed using the technology. Popular examples on this front include opBNB, Farcaster and Zora Network, among others. While each of these protocols has recorded impressive growths over the past year, Base remains in the lead, per current data. OP Stack and growth hurdles. Despite the growth of Base and its recognition on the market, the protocol still faces significant backlash from critics. Most of the conversation in this regard hinges on the emergence of meme coins with a very short shelf life. Activities on Base have often forced network congestion that generally leads to a halt in the Coinbase ecosystem as a whole. The OP Stack ecosystem is also known to suffer attacks, with Sonne Finance's $20 million exploit one of the latest in the ecosystem.

Ripple Suddenly Shifts 150 Million XRP into Unknown. Today, Ripple has initiated a large-scale transfer of millions of XRP tokens to an unknown destination. According to Whale Alert, 150 million XRP were moved from the address "rBg2F," which belongs to Ripple, to the address "rP4X2," whose owner remains a mystery. The recipient address, according to Bithomp, was activated in October 2023 by a 70 million XRP transfer from another address, which in turn was activated by a transfer from a Ripple wallet. Now "rP4X2" holds 173.661 million XRP, taking into account the tokens that came as a result of the recent transfer. The sudden and mysterious movement of such a significant amount of XRP has left many questioning the future price action of the digital asset and Ripple's intentions. Speculation among XRP enthusiasts is rampant, with many in the community suggesting that the crypto company might be initiating a sale of the cryptocurrency from its accounts. However, the real motive behind moving $78.2 million in XRP to another address remains unclear. It is possible that this address also belongs to a crypto company, but no definitive information has been confirmed. Meanwhile, XRP quotes continue to trade in an extremely narrow price range, around the half-dollar mark per token. Following a painful drop of more than 15% in early April, the price of XRP has been trading within a range of no more than 5%. This stagnant trading range suggests that the popular digital asset is poised for a major move, but whether this will be an upward or downward shift remains uncertain.

Key Reasons Why Bitcoin Not At $100,000 Yet from Capriole Investments Founder. Crypto analyst and founder of the Capriole Investments fund Charles Edwards has taken to the X social media platform to share his take on why the world's leading cryptocurrency Bitcoin has not reached the $100,000 level so far. He named the key factors that he expects to propel the BTC price upwards within the coming few months. "Why aren't we at $100,000 yet?" Charles Edwards published a thread on X to share the reasons which he believes to stand between Bitcoin and the much- anticipated $100,000 price mark at the moment. This price surge has not yet taken place despite the launch of the spot Bitcoin ETFs. So far, he stated, Bitcoin is only 50% up since January, when the SEC greenlighted the ETFs and many are wondering why BTC has not surged higher, Edwards pointed out. Bitcoin is changing hands slightly above $71,000 at the time of this writing. Key factors for strong BTC rise in the future. First of all, Edwards shared, "we are battling against a bigger force - long-term holder selling." According to his tweet, the number of long-term Bitcoin-holding wallets (those who have been holding for more than two years) has declined from the 57% all-time high reached in December 2023 to 54% today. Even though this is just a 3% drop and it may not look impressive, still, this comprises 630,000 BTC, which is also 300% of the total BTC supply that the Bitcoin ETFs have bought in the US since January. The second reason shared by the analyst is that the market has not yet seen the true impact of the halving so far. In April, when the event took place, Bitcoin daily issuance plunged by 50%. Edwards believes that over the next year the delta between the ETFs purchasing Bitcoin and the BTC that is being mined will grow much wider. Financial institutions need time to review the situation and allocate funds for buying Bitcoin, therefore the spot ETFs are likely to remain leaders in BTC purchasing at least for this year, he says.

310 Million Dogecoin (DOGE) Disappears into Unknown After Robinhood News Hits. Today, the crypto space erupted with intrigue following the transfer of a whopping 310 million Dogecoin (DOGE), valued at $51.07 million. Whale Alert data revealed the movement from the address DEgDV^ prime prime to "DDuXG," igniting speculation within the popular meme cryptocurrency community. What's catching everyone's attention is the potential tie to Robinhood, the U.S.-based brokerage giant. Sources suggest that the sender's address, holding 30.97 billion DOGE, worth $5.07 billion, could be linked to Robinhood. Meanwhile, the recipient address now holds 2.14 billion DOGE, valued at $350 million. This transfer coincides with Robinhood's recent announcement of its plans to acquire Bitstamp, an old major European cryptocurrency exchange, for approximately $200 million in cash. The acquisition, planned for completion by the first half of 2025, adds an interesting layer to the narrative. What is clear is that this transfer marks a significant event in Dogecoin's journey, with the sender's address emerging as the largest DOGE holder, controlling around 23.4% of the total volume. This wallet's origin in May 2023 aligns with Dogecoin's surge in popularity, especially on platforms like Robinhood, which served as a gateway for many new cryptocurrency investors. With major acquisitions and large-scale movements shaping the market, all eyes are on how this narrative will impact the DOGE price in the coming days.

Latest News

Economist Mohamed El-Erian Comments on May Employment Report

Ethereum Price Drops Below 3800 USDT

US Employment Figures Revised Down, Interest Rate Cut Expectations Lowered

US Non-Farm Employment Surpasses Expectations in May

Bitcoin's Short-Term Value Drops Below 71,000 USDT

Explore More From Creator

Latest News

Trending Articles