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The Bitcoin on-chain metrics continue to show bullish signs that a parabolic breakout is imminent for the flagship crypto. The latest of these metrics is a significant turnaround in Bitcoin’s network activity, which could further provide bullish momentum for the crypto token.  Bitcoin Sees Surge In Network Activity   Crypto analyst Ali Martinez revealed in an X (formerly Twitter) post that the number of daily Bitcoin addresses had broken a down trend that began on March 5. He added that 756,480 Bitcoin addresses have been active in the last 24 hours. Martinez claimed this development is a “positive sign” that Bitcoin’s bull run will continue.  Related Reading Litecoin Sees Massive 75% Surge In Major Metric – Can This Trigger A Rally To $200? 1 day ago Source: X Indeed, this development could trigger a run for Bitcoin as it s...

Dogecoin (DOGE) has recently confirmed a new macro uptrend. This is after successfully retesting a crucial confluence of support levels, according to a technical analysis by analyst Rekt Capital. This development could signal a potential shift in the cryptocurrency’s long-term price trajectory. Successful Retest of Macro Downtrend and Range Low Support Last week, Rekt Capital highlighted that DOGE was in the process of retesting two key support levels simultaneously: the Macro Down trend and the black Range Low at $0.12. This confluence of support levels was considered a critical area for the cryptocurrency,. This is because a successful retest could pave the way for a potential trend reversal. Also read: Cryptocurrency: Top 3 AI Coins To Buy Now In the latest update, the analyst confirms that DOGE has indeed successfully retested this confluent area of support. This development is significant, as it suggests that the previous macro-down trend has now been flipped i...

Discover the latest 2023 defi trends. Explore breakthroughs and developments that shaped the landscape of decentralized finance this year. De centralized finance , more commonly called defi, has gained prominence in crypto in the last few years. It came from a need to change the way traditional financial systems worked, making them more open, unrestricted, and inclusive. Throughout 2023, despite a few hiccups, defi made several strides, introducing de centralized fintech solutions across numerous financial services. The demand surge is such that analysts project the worldwide defi market will hit $239.19 billion by 2030, a significant leap from $13.61 billion in 2022. Let us take a closer look at the trends in defi that shaped the sector in 2023. Major defi trends in 2023 Rise of layer-2 solutions Among the many trends in defi in 2023, one of the biggest was the growth of layer-2 (L2) sidechains and rollups.  These protocols were developed to solve the high transaction fees...

Join Our Telegram channel to stay up to date on breaking news coverage Ethereum (ETH) struggled throughout the majority of 2022 and ended the year with a price of $1,199.11. The leading smart contract network’s stunted expansion was mostly due to the arduous transition from proof-of-work (PoW) to proof-of-stake (PoS). However, the decentralized public blockchain continued to significantly influence the ecosystems of non-fungible tokens (NFTs), decentralized finance (DeFi), and even the metaverse. Ethereum appears to be having an incredible 2023, kicking off with a price of $1,568.65. Nonetheless, the blockchain smart contract platform native coin, ETH, saw a down trend of 0.43% in the past day. Could the digital asset rebound soon as the broader crypto market recovers? ETH Price Could Rebound to New Price Limit At press time, the ETH network token is trading at $1,563.04, following a 0.43% down trend in the last 24 hours. The crypto asset decline in price has been run...