Cardano founder Charles Hoskinson has lauded Snek.Fun, a meme coin launchpad, for increasing the network’s activity. On September 6, Snek announced that Cardano had hit a record daily transaction volume. This marked the highest 24-hour DEX trading activity in the blockchain’s history, signaling a major surge in network engagement. How Snek.Fun Sparked Record Activity on Cardano Blockchain The increase in…
The first week of September 2024 saw altcoins struggle to achieve significant gains as the broader market stayed relatively quiet. However, a few assets from the top 100 by market capitalization managed to defy the trend, registering gains due to market interest and notable developments. Among these are Helium (HNT), Starknet (STRK), and Uniswap (UNI), all of which have recorded…
Cardano (ADA) continues to hover around the $0.30 and $0.35 mark as the token struggled to breach crucial resistance levels for the last few days. This decline could be attributed to the selling pressure the cryptocurrency experienced lately. However, on-chain data reveals that market participants are now allocating their capital to buying ADA around its current price. Will this bullish…
Solana (SOL) is currently trading around $127, a critical level that could either support a recovery or lead to further declines. Throughout the year, this price point has frequently served as an important support for the altcoin. However, the situation appears different this time, indicating that the aftermath of past events may not align with the potential outcome now. Solana…
Three years ago today, El Salvador made history as the first nation to adopt Bitcoin as legal tender. This move has sparked a phase of growth and development for the country, as it has become a model for crypto adoption and has drawn attention from global stakeholders. Bitcoin’s Role in El Salvador Grows With $31 Million in Unrealized Gains In…
Alongside many other altcoins, ETH’s price continues to struggle, and its future now hinges on some critical support levels. If these key levels fail to hold, ETH could face a prolonged bearish period. Recent price action has shown that Ethereum (ETH) could be on the verge of bidding farewell to this cycle, which many have tagged as the enduring phase…
Despite brief moments of potential recovery, most of meme coins had a challenging week. Popular tokens like Bonk (BONK) and Pepe (PEPE) saw their prices drop by double digits. In contrast, Neiro Ethereum (NEIRO) experienced an unexpected price surge after Binance announced its listing on the futures market. Here’s a recap of the key developments. Neiro Ethereum (NEIRO) NEIRO’s price…
On September 6, Jesse Pollak, the lead developer of Coinbase-backed Ethereum Layer-2 network Base, announced that three congressional candidates had begun accepting cryptocurrency donations through the platform. Although Pollak did not disclose their names, this move highlights the growing acceptance of crypto donations in the current election cycle. Crypto Donations Gain Momentum via Base Pollak mentioned that Supportcrypto.org, a website…
Investment management firm VanEck announced plans to close its Ethereum futures ETF after a thorough evaluation. The Board of Trustees at VanEck ETF Trust made the decision on Thursday. Ethereum-based ETFs have consistently underperformed, in contrast to their Bitcoin (BTC) counterparts. VanEck to Terminate Ethereum Futures ETF VanEck will shut down its Ethereum Strategy ETF, which trades on the Chicago…