May 26, 4:01 pm
|Biggest Movers: AVAX and ATOM Over 10% Lower on Thursday|
AVAX was one of the biggest movers in crypto markets on Thursday, as prices fell by over 10%, hitting a two-week low in the process. ATOM was also trading in the red, with its value dropping by as much as 13% in the day.
AVAX was one of today's biggest losers, as prices fell by over 10% on Thursday, pushing them to a two-week low.
Following a low of $23.72 during Wednesday's session, AVAX/USD climbed to a peak of $28.54 earlier in the day.
Today's drop saw AVAX hit its lowest point since May 12, and comes as its recent support point of $29.20 was broken.
Prices now seemed to have found a lower floor at the $24.10 level, which is not far off from a ten-month low of $22.30.
Looking at the chart, the Relative Strength Index (RSI) is tracking below 30, after its ceiling of 32 was held earlier in the week.
This has resulted in an increase of bearish strength, and an extension of an almost six-week down cycle.
So far, the latest floor has held somewhat firm, and bulls will potentially look to use it to push prices back towards resistance at $28.
ATOM also dropped by double digits on Thursday, as it too fell below its recent price floor during today's sess...
May 25, 6:16 pm
|Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTenderm...|
Effective today, All in Bits, Inc. DBA “Tendermint”, which rebranded to ‘Ignite” in February 2022, declared the creation of two independent entities - Ignite Inc. and NewTendermint Inc.
The first entity, NewTendermint Inc., sees the return of the co-founder of the original Tendermint, Jae Kwon, holding the position of CEO.
May 25, 10:00 am
|Cube Chain Test-Net Goes Online: A Prelude to Enhanced On-Chain User Exp...|
[PRESS RELEASE - Please Read Disclaimer]
Cube Chain, a new modular permissionless blockchain with multi-chain architecture, today announced the official launch of its test-net. Cube Chain is specially designed to unlock the full potential of GameFi, Metaverses, and DeFi. Touted as the next-generation, high-performance network, it boasts features su...
May 23, 8:23 am
|Bitcoin Reclaims $30K Territory After Recent Weeks' Struggle – Ana...|
Bitcoin recorded a significant positive divergence early Monday, following seven days of trading below $30,000. The crypto is trading at $30,536.93 at press time, a decrease of 2.5 percent from the previous week, according to Coingecko data.
In the preceding 24 hours, the worldwide cryptocurrency market capitalization increased by al...