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Biggest Movers: DOGE Drops to 5-Day Low on Wednesday


Dogecoin slipped to a five-day low on Wednesday, as the meme coin fell for a second straight session. The move saw prices drop by over 5%, edging closer towards a key price floor in the process. Polygon also extended recent declines, hitting its weakest point since January 19. Dogecoin (DOGE)...

Polygon (MATIC) falls after a second failed breakout attempt!


MATIC Network is a Layer 2 scaling solution that uses an adapted version of Plasma with PoS-based sidechains. It aims to provide faster and cheaper transactions for decentralized applications by using its token, the Polygon token (MATIC), as collateral for security. The tokenomics of Polygon...

Ethereum Classic (ETC) begins consolidation after the short uptrend!


As a decentralized cryptocurrency, Ethereum Classic (ETC) operates on a decentralized blockchain network, and its tokenomics are designed to incentivize users to participate in the network and secure it. ETC is mined through a Proof-of-Work consensus mechanism, where miners compete to solve...

XRP is bullish: Will it finally recover its losses in 2023?


XRP is an altcoin that did not perform well in the last few years because of its lawsuit against the SEC, but the case will be resolved in the first half of 2023, and crypto enthusiasts are optimistic about Ripple’s journey in the next few years.  At the time of writing this post, XRP was …

Biggest Movers: AVAX Hits Multi-Month Peak, as MATIC Jumps to 1-Week High


Avalanche moved to a multi-month high on Jan. 24, after reports that the number of bitcoin on its network rose to 5,493. The news saw the token surge by nearly 5% today, rising for a third straight session in the process. Polygon also moved higher on Tuesday, hitting a one-week high. Avalanche...

Bitcoin (BTC) begins an uptrend from the 200 EMA mark!


The tokenomics of Bitcoin is designed to control the tokens’ supply, creation, and distribution. The mining process ensures that the number of Bitcoin in circulation is capped at 21 million, making it scarce and valuable. The reward for mining is halved every 210,000 blocks, which is roughly...

Filecoin registers bullishness as 100 EMA turns into support!


Filecoin is a decentralized storage network that utilizes a crypto-token called FIL. The network allows users to rent out their spare storage space to others while also allowing users to purchase storage space from other users. The network is built on top of the Interplanetary File System (IPFS)...

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