Ethereum supply is inflating despite relatively high throughput. Average fee has nosedived to $1.12 per transaction, lowest since October. Ether sustained above $3,200 on Sunday, up 4% in the past seven days. Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling
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Solana and Base-based and AI meme coins have seen a resurgence in their price in the past day. Venture Capitalists and crypto funds have expressed interest in meme coins and the total market cap has crossed $51.47 billion. Crypto analyst predicted meme coin supercycle citing interest from hedge funds. Meme coins are typically considered more
The Real World Asset sector has garnered attention and mentions from crypto analysts, the narrative is making a comeback. Tokens CFG, ONDO, MKR and others have seen up to 50% corrections recently. Several top RWA projects are in the Solana ecosystem. Bitcoin halving and developments in the AI sector are the key narratives this cycle.
Crypto analyst Thor Hartvigsen calculated the Fully Diluted Valuation of altcoins and identified tokens that could face selling pressure. Hartvigsen noted that four months into 2024, there is a massive increase in the supply of several altcoins. New tokens expected to be launched this year, alongside unlocks could push supply higher. Thor Hartvigsen, investor at
Silver falls pulling back from a daily high of $27.73. Technical analysis indicates the uptrend is intact with key support at the $27.05 level, marked by the 50% Fibonacci retracement. If silver surpasses the $28.00 resistance, potential targets are $28.48 and possibly year highs near $29.76. Conversely, breaking below $27.05 could lead to $26.41 and
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GBP/USD registers a decline of 0.27%, influenced by US inflation data that suggests the Federal Reserve may delay rate cuts. The pair’s recent inability to break the 200-day moving average at 1.2557 highlights its downward bias, with support levels now in focus. Potential for further losses if the ‘dark cloud cover’ candlestick pattern forms, targeting