Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down from 4.05% in May 2022.
correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.
Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon.
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region.
The Ripple Labs versus U.S. Securities and Exchange Commission (SEC) legal battle has taken yet another intriguing turn, this time with speculation surrounding the potential involvement of Coinbase (NASDAQ:COIN), a leading US-based crypto exchange.
Bitcoin’s stats show much of the same, with the cryptocurrency’s exchange balance dropping to levels not seen since March 2018 at just above 2.23 million BTC.
bullish sentiment among investors. Conversely, an influx of cryptocurrencies to exchange is viewed as bearish, as it suggests that investors are moving to these platforms to sell off some of their holdings.
In a significant milestone for the XRP Ledger (XRPL), the renowned blockchain network has recently closed its 80 millionth ledger, signifying a remarkable decade-long journey of growth and success.
The XRPL explorer and network analysis platform, XRPScan, took to Twitter on Wednesday to announce the landmark victory for the XRP blockchain. The achievement highlights the enduring strength and reliability of the XRP Ledger and the continuous contributions made by its dedicated network participants.
Bitcoin ordinals trading volume currently stands in second place behind Ethereum, which did $393 million in NFT volume, more than twice that of ordinals on Bitcoin (BTC) in 30-days starting April 23. Bitcoin gained a significant lead over popular blockchains like Polygon, ImmutableX, BNB Chain and Solana during this period.