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The floor price of the Bored Ape Yacht Club (BAYC) has fallen by 64% since its high of May 1 last year. But what exactly is going on with the world’s most popular NFT collection? For starters, BAYC’s decline has coincided with an overall dip in the NFT market. However, all things considered, the collection actually held up pretty well compared to most other Ethereum-based NFT projects. Indeed, many massively-hyped projects, such as Mekaverse or Moonbirds, have endured spectacular crashes. Moonbirds, for example, is 90% down on its previous high. Meanwhile, the Bitcoin Ordinal market has been soaring and is gradually stealing the limelight from the Ethereum-based NFT market. Big dumps by casualties of war Since the beginning of the year, the newly opened Blur NFT platform has created a trading mania with its tokenized incentives . BAYC was one of the most traded collections, along with the Mutant Ape Yacht Club collection, fuelled by a practice called ‘farming,’ wher...

In April, Litecoin’s (LTC) attempt at a recovery was stopped in its tracks after Bitcoin (BTC) got rejected at the crucial $30k level. As a result, LTC’s price dropped back below the $90 psychological level. Since then, LTC has not been able to climb above this level again. However, CoinMarketCap indicated that LTC was able to finally do so on 16 May 2023, and the altcoin has been trading above $90 since then. Furthermore, LTC was trading hands at $91.31 after a 1.94% price drop over the past 24 hours. As a result of the recent price drop, LTC weakened against the two market leaders, Bitcoin (BTC) and Ethereum (ETH) by about 1.28% and 1.84% respectively in the past day. Nonetheless, LTC’s weekly performance was able to remain in the green at +4.32%. Daily chart for LTC/USDT (Source: TradingView) LTC’s price was hovering around the key support level at $91.50 at press time. Should the altcoin close today’s trading session below this level, it could result in a drop t...

The Cardano price prediction shows that ADA may be facing another bearish run to the support level of $0.350. Cardano Prediction Statistics Data: Cardano price now – $0.360 Cardano market cap – $12.5 billion Cardano circulating supply – 34.8 billion Cardano total supply – 35.8 billion Cardano Coinmarketcap ranking – #7 ADA/USD Market Key Levels: Resistance levels: $0.450, $0.470, $0.490 Support levels: $0.300, $0.280, $0.260 ADAUSD – Daily Chart ADA/USD is trading below the 9-day and 21-day moving averages as the coin could slide to the downside. However, the traders could see that bears are stepping back into the market and the Cardano price is likely to lose momentum below the lower boundary of the channel. Cardano Price Prediction: ADA/USD Might be Down Right Now At the time of writing this, the Cardano price is moving sideways as the coin the bears continue to take charge of the market. Meanwhile, a bullish cross above the 9-day an...

Conditions are ripe for a Bitcoin range breakout, but fears among traders are that a deep correction is due. Bitcoin (BTC) remained stuck inside a narrow range into May 20 as cryptocurrency markets shook off United States macro triggers. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Powell leaves market with "tons of uncertainty" Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading just below $27,000. The pair had seen brief volatility after Jerome Powell, Chair of the Federal Reserve, gave new commentary on policy and the outlook for inflation. While leaving the door open for change should it be required, Powell’s language did not offer risk assets clear signals. Responding, financial commentary resource, The Kobeissi Letter, warned that “tons of uncertainty” lay ahead. SUMMARY OF POWELL SPEECH (5/19/23): 1. Inflation "far above 2% objective" 2. Committed to getting inflation to 2% 3. Unclear if rates are "sufficiently res...

The service provides code to scammers that allows them to drain wallets using token approval phishing methods A new scam as a service called “Inferno Drainer” has reportedly stolen nearly $6 million from unsuspecting crypto users, according to Web3 scam detecting firm Scam Sniffer. Inferno Drainer reportedly advertises that it provides ready-to-go code to scammers, allowing them to steal crypto in exchange for a 20% cut of the scammer’s crypto "loot". 1/ Inferno Drainer, a scam vendor specializing in multi-chain scams, has stolen $5.9 million in assets from nearly 4,888 victims through over 689 phishing websites targeting popular projects.https://t.co/OEjdzHm2Ls — Scam Sniffer (@realScamSniffer) May 19, 2023 The scam service was discovered by security enthusiast and pseudonymous Twitter user 0xSaiyanElite, who happened to run across a promoter of it while browsing the Scam Sniffer Telegram channel. Saiyan reported the scammer to the channel, and the security service beg...

There are other digital currencies besides Bitcoin (BTC) and Ethereum (ETH) that people who want to diversify their portfolios and learn more about cryptocurrencies should consider. Band Protocol (BAND) is one of them. Band Protocol is an oracle platform that allows users to connect smart contracts to external data sources and application programming interfaces. An oracle on the blockchain is a third-party entity that functions as a bridge between the blockchain and the outside world, enabling smart contracts to function in response to external data. If you are interested in the future of BAND and want to know its predicted value for 2023, 2024, 2025, and 2030 – keep reading! Table of contents Band Protocol (BAND) Market Overview What is Band Protocol (BAND)? Analysts’ Views on Band Protocol (BAND) Band Protocol (BAND) Current Market Status Band Protocol (BAND) Price Analysis 2023 Band Protocol (BAND) Price Analysis – Bollinger Bands Band Protocol (BAND) Price Analysis –...

Join Our Telegram channel to stay up to date on breaking news coverage Exciting new innovations in the crypto space have already emerged today, and presales are becoming increasingly common for new projects to raise capital. A significant amount of funds was generated in the presale of projects like Love Hate Inu, Ecoterra, and DeeLance, as they provide real value to their users. Ecoterra Green Project Ecoterra is a project that encourages recycling in exchange for financial benefits. Today, there are a great number of water bodies and ecological areas that are suffering from the effects of pollution, making it a concern to ensure that hazardous waste is disposed of in a safe way. As a result, businesses all around the world are looking for long-term, eco-friendly remedies to this problem. An innovative recycling app is only one of many cutting-edge Features on the project’s intriguing road map. The app rates recyclables depending on their effect on the environment. E...

USDC issuer Circle is moving $8.7 billion to repo agreements, in hopes of protection from a potential U.S. government default. The Circle Reserve Fund, managed by global investment management giant BlackRock, added the funds in overnight repurchase (repo) agreements to the portfolio as of May 16, according to the fund’s website. Source: The Block U.S. lawmakers are locked in discussions with President Joe Biden’s administration over raising the debt ceiling. The threat of default is growing more each coming week, hence, why Circle is looking to protect its reserves. “While this plan has been underway for many months, the inclusion of these highly liquid assets also provides additional protection for the USDC reserve in the unlikely event of a U.S. debt default,” a Circle spokesperson says. Jeremy Allaire, CEO of Circle , has also shared worry over the potential US government default “We don’t want to carry exposure through a potential breach of the ability ...

An investment of $900 in Shiba Inu today could fetch you $1 million if Shiba Inu hits the $0.01 mark.  The current price of Shiba Inu (SHIB) has been worrisome for many investors. The canine-themed token added another zero earlier this month, thus putting many investors at a significant loss.  At the time of writing this line, Shiba Inu is changing hands at $0.00000887, up 2.5% in the past 24 hours. However, the token is down 9.6% in the past seven days and 15% month-to-date (MTD).  While many Shiba Inu investors are disappointed with the asset’s price, others are accumulating the token to make the most out of the situation. Investors accumulating Shiba Inu tokens hope the asset class will rally to one cent ($0.01) someday.  How a $900 Shiba Inu Investment Could Fetch $1M  In this article, we analyzed how $900 worth of SHIB tokens could become $1 million if Shiba Inu hits the $0.01 mark. At the current price of $0.00000887, a $900 investment in Shiba Inu will get yo...

As revealed by the platform, it saw a 70% increase in Total Value Locked (TVL) recorded its week-over-week jump since its inception. Additionally, with over 130,000 transactions, it marked a record for successful transactions on a single day. Expectedly, during this period, the gas fee went down as more transactions would mean users get to share the cost of posting call data. advertisement Polygon is Contending to be Best L2 Network Recall that last month marked a very significant month for the Ethereum-based layer-2 network as it shared the performance metrics for its zkEVM protocol. According to the platform zkEVM protocol stayed elevated for the month of April with a more than 300% growth rate. Polygon was built to help in scaling Ethereum and since its inception, it has played this role and has received a lot of recognition from the industry. While Polygon is adjudged to be a cheaper protocol compared to its underlying Layer-1, the zkEVM is designed to be ...

According to Santiment, the market intelligence platform with on-chain and social metrics, PEPE’s decline after surging 1,200% in the first week of May was predictable. It followed a trend established by older meme coins like SHIB and DOGE. The $PEPE #FOMO was in full force during the first week of May, jumping approximately +1,200% in a week before its predictable decline. Our latest insight looks at how this #memecoin surge compared to ones of the past, and how we can learn from it. https://t.co/LusXE2urza pic.twitter.com/hsfXRu1UYp — Santiment (@santimentfeed) May 16, 2023 A Santiment Analysis observed that even though PEPE had not reached the heights achieved by SHIB and DOGE, the growth pattern of the new meme coin mirrors that of its predecessors. In their heyday, SHIB reached a valuation of $40 billion, and DOGE attained a $70 billion valuation. At $2 billion, PEPE’s valuation pales in comparison to both meme coin unicorns. Santiment’s Analysis sugges...