New Daily Addresses refer to first-time wallet users on any blockchain network, which can signal growth and adoption. On Solana, new users peaked at over 400,000 in May before gradually declining to 240,000 users this week. These figures are a jump from December 2021’s levels of 150,000 to 170,000 new users each day. Source link

Litecoin receives a strong long-term technical score of 83 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. LTC currently holds a superior long-term technical analysis… Source link

Text size Cryptos prices are well off their recent lows but remain down this year. Ozan Kose/AFP via Getty Images … Source link

Editah Patrick Editah is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates her, she finds the intersection of both technology and finance mind-blowing. Her particular interest in digital wallets and blockchain aids her audience. Source link

Web3 infrastructure provider Polygon today announced the launch of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), which is said to be the “first” Ethereum-compatible scaling solution that uses the cryptographic method called zero-knowledge proofs. Previously known as Matic Network, Polygon is an interoperability and scaling protocol for launching Ethereum-compatible blockchains. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types… Source link

“With the rules of the future games of mining, staking and trading still pretty murky, and the value of crypto assets hugely sensitive to volatile conditions in financial markets, it’s clear investing in the crypto Wild West is still a very risky business,” explained Susannah Streeter, senior markets analyst at Hargreaves Lansdown, in an email. Source link

Similar to Stockholm syndrome where captives develop a psychological bond with their captors, crypto winters have a way of flipping even the most bullish cryptocurrency supporters bearish in a short period of time. Evidence of this reality was on full display on July 19 after the recovery of Bitcoin (BTC) back above $23,000 was met with widespread warnings that the move was merely a fakeout before the market heads for new lows $BTC Not bad. But keep in mind that this still can turn into a… Source link

Figment, the blockchain infrastructure company, announced today that it will support Ethereum validators in their pursuit of MEV once the network moves to proof of stake.  MEV, or “maximal extractable value,” refers to the process by which individuals who create new ETH can further profit by manipulating their control over the network and prioritizing certain users’ transactions.  Clayton Menzel, head of protocols and opportunities for the company, wrote that Figment plans to… Source link

Share to Facebook Share to Twitter Share to Linkedin Bitcoin BTC has risen above $23,000 since its June low, and traders are beginning to believe that the bear market is over. Ether ETH eum, on the other hand, has outperformed Bitcoin, rising above $1,500 since the June low. What are the fundamentals indicating? BANGKOK, THAILAND – MAY 14: A woman poses with a Bitcoin mascot during the Thailand Crypto Expo 2022 … [+] on May 14, 2022 in Bangkok, Thailand…. Source link

As Ethereum regains lost ground in the crypto bear market, so too are some of its biggest competitors. Solana, Avalanche, Algorand, Polkadot, and Cardano—sometimes referred to as “Ethereum killers” because they offer similar features to the leading smart-contract network but at significantly lower costs—are climbing.  Solana’s native cryptocurrency SOL is up 11% in the past 24 hours and has spiked 36% in the past week, per CoinMarketCap data. Avalanche has also seen massive gains,… Source link