Analysis Daily TheBitTimes.com

Led by the bullish action of the flagship decentralized finance (DeFi) asset and the sector’s total market capitalization increasing more than 3% over the last day, the majority of assets in the cryptocurrency industry are showing strength again, and XRP is no exception. Specifically, by recently surpassing $0.70, XRP has pulled away from its previous 4-hour buy signal at $0.5147 on October 20, and its current price action could lead it back down to $0.6251, according to the Analysis shared by pseudonymous crypto trading expert CoinsKid on November 9. $0.73-$0.76 first? Indeed, the crypto analyst expressed his expectation that the XRP token would go through a “simple micro ABC zig-zag here back down to 0.6251 (HOPIUM?)” and then take out the local high at $0.7336 through invalidation, adding that “XRP keep bouncing off the upper support of the buy & sell like a boss.” XRP price action analysis and prediction. Source: CoinsKid Finally, CoinsKid concluded that the “first ...

A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support. Ether (ETH) price surged by 31.3% from March 10 to March 18, coinciding with the U.S. Federal Reserve's injection of $300 billion to address the insolvency of Silicon Valley Bank.. Since then, Ether’s price consistently maintained a daily closing price above $1,600.  However, investors are now casting doubt on Ether's ability to sustain this support level, given the prevailing bearish sentiment in the cryptocurrency space and declining metrics on the Ethereum network. Over the past six months, the cryptocurrency sector has been plagued by negative developments. Notably, the Digital Currency Group (DCG), the owner of Grayscale mutual fund manager, has faced financial troubles. Concerns are mounting that a portion of the $4.8 billion worth of ETH deposits held in the Grayscale Ethereum Trust could be liquidated to address DCG's debts. Furthermore, two majo...

Metamask eyes a multichain-friendly future with the ongoing development of Snaps allowing future blockchain integrations and extensions to its browser-based service. Metamask Snaps aims to facilitate a ‘multichain future,’ allowing the Ethereum-based wallet service to support non-native blockchains and tokens for the Web3 economy. Details of the latest in-development addition to Metamask’s growing ecosystem were unpacked at the StarkWare Sessions event in Tel Aviv, Israel, in Feb. 2023. Speaking to Cointelegraph Magazine editor Andrew Fenton, Alex Jupiter, the senior product manager at Metamask Snaps, revealed details about potential blockchain synergies. The last 18 months have seen the development of Snaps speed up after the success of Metamask Swaps, which brought token swap functionality to the service’s native browser extension. As Jupiter explained, interoperability is becoming increasingly important in the blockchain space: “Metamask has historically been an Ethereum wallet. W...