Litecoin Price Analysis: Price movement remains sluggish, despite high network activity
Despite the recent drop in prices, Litecoin's (LTC) network activity has continued to be significantly high. Data by Santiment shows that Litecoin has witnessed a three-month high in address activity divergence when compared to its current price level.
Binance Coin Forecast: BNB aims for new yearly highs, report shows BNB is undervalued
Binance Coin, the official digital coin of the largest cryptocurrency exchange by reported daily volume and number of users, Binance is on a gradual retreat from the 1-hour timeframe. Following the recent break above $25, BNB trades at $23.24 while hunting for support, preferably above $22.
Aelf Market Update: SashimiSwap shoots up ELF by >140%
Aelf has caused quite a stir by jumping up by more than 140% this Thursday. The real catalyst behind this growth appears to be SasimiSwap, Aelf’s version of the infamous SushiSwap. Back on August 28, Aelf released AESwap, a decentralized trading platform and its first DeFi project. On September 9, AESwap launched SashimiSwap, its version of SushiSwap.
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Ethereum performance could hang on US election due to DeFi's regulatory hurdles
Ethereum is down over 4% on Thursday as traders expect high volatility with the US elections approaching. The election results could spark a massive price movement in ETH due to regulatory hurdles the DeFi ecosystem has yet to overcome.
Binance market share hit lowest level since 2020 as general exchange trading volume declined
Binance experienced a notable drop in trading activity in September, per CCData report on Thursday. The report indicated that derivatives trading volume decreased by 21%, reaching $1.25 trillion, the lowest since October 2023.
XRP declines 4% as Ripple executives slam SEC appeal of Ripple case
XRP extended its losing streak on Thursday. The asset slipped to $0.5208 as traders digested the recent developments in the Securities & Exchange Commission lawsuit. The US financial regulator’s decision to file an appeal on Thursday of the Ripple lawsuit has invited criticism from Ripple executives and XRP holders.
Bitcoin is at risk of further decline if it breaks below the key support level
Bitcoin trades slightly down on Thursday, after declining over 7% this week, and holds near a crucial support level; a sustained close below this threshold could signal further declines ahead.
Bitcoin Weekly Forecast: $70,000 mark on sight as bulls remain strong
Bitcoin has risen around 3% so far this week, breaking above its range upper limit of $64,700. This gain was supported by increased institutional demand for ETFs, which recorded inflows of more than $612 million this week.
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