A lack of demand for tokens was identified as the primary reason for failure, with many projects failing due to a lack of clear use cases or utility.

Between 2013 and 2022, 2,383 crypto coins failed.

Dogecoin’s network activity surge driven by DRC-20 tokens
#dogecoin

Bitcoin completed 3.3 million transactions during the same period.
#BTC

The data shows that the trend has been consistent for the last seven days. Between May 22 and 28, Dogecoin completed over 9 million transactions, while the Ethereum network recorded around 6 million transactions.
#ETH

ETH recorded 1.9 million transactions during the reporting period, while BTC saw less than 1 million transactions.

He emphasized that his confidence lies not only in the prices of BTC and ADA, but also in the overall crypto ecosystem and its developments.

the analyst and crypto trader Dan Gambardello expressed his bullish sentiment towards Bitcoin (BTC) and Cardano (ADA), stating that he sees tremendous opportunities in both cryptos.

At press time, both BTC and ADA were trading in the green heading into the new week.

the most significant development revolved around FantasyGold (FGC), which witnessed an astonishing surge of +900% over the past week.

All eyes were on FantasyGold (FGC) after the crypto saw a 900+% price increase over the past week.

The market intelligence firm, Santiment, shared in a tweet this morning that during the ongoing Memorial Day Weekend in the United States, the cryptocurrency market experienced a notable revival.

The post also pointed out that Bitcoin (BTC) successfully regained its position at the $28.2k price level, while Ethereum (ETH) rebounded to $1,915.

The report indicated that Bitcoin saw $661.2 million flowing into exchanges within 24 hours, but a higher amount of $797.8 million was withdrawn, resulting in a net outflow of negative $136.5 million.

The popular stablecoin Tether (USDT) experienced an influx of funds.

In a recent on-chain exchange flow report, data from Glassnode shows that Bitcoin (BTC) and Ethereum (ETH) witnessed significant net outflows from crypto exchanges.

A simple truth Plenty of sizzle, but where’s the sausage? Crypto is not the brand A brand is neither a name nor a logo Brands stand stronger in the cold

As we appear to be entering a new phase in crypto’s notorious market cycles, excitement is once again growing at the prospect of rising investment and deeper liquidity.

van de Poppe predicted that BTC’s price could rise to above $38K in the coming weeks.

In a recent market analysis, the prominent crypto trader and analyst Michael van de Poppe delved into the potential impact of interest rate pauses and key resistance levels on the future of Bitcoin (BTC).