AltSignals Blog

Polygon’s price could face a significant drop despite its thriving stablecoin activity in its decentralized finance ecosystem, according to technical analysis. The article also highlights the growth in the total value locked on the Polygon network and the rise of transactions in its decentralized exchanges. However, Polygon faces competition from newer layer-2 networks. The meta description could be: Explore insightful analysis on Polygon’s price trends, DeFi and stablecoin growth, along with its rising competition from new layer-2 networks.

Analyzing price charts for bitcoin and Strategy (MSTR), significant signals indicate a potential bullish crossover and commencement of a major bull market. As both the 50-day and 100-day SMAs show positive movement, other indicators such as the MACD suggest a path of least resistance. The article explores the possible fluctuations and outcomes in the BTC value.

Pi Network is launching a $100 million venture fund to foster the growth of startups flourishing within its ecosystem. The fund aims to increase real-world utility and adoption of its services and boost the demand for Pi tokens, backing projects that integrate the tokens or use Pi Network technology. This approach differs from traditional venture capital firms by focusing on value creation rather than solely on profits.

Messaging app Telegram has shut down multiple channels associated with suspected Chinese crypto-criminal marketplaces, such as Xinbi Guarantee and Huione Guarantee following a report by blockchain analytics firm, Elliptic. The encrypted platforms have allegedly processed billions in illicit transactions, providing tools for money laundering, crypto scams, intimidation and sex trafficking. The report highlights a broader issue of industrial-scale fraud in Southeast Asia, attracting victims under false pretenses and forcing them into illegal activities.

Bonk crypto experiences a significant price dip as profit taking impacts bullish momentum. The Solana memecoin, along with Bitcoin and Ethereum, sees minor losses as markets react to fresh US inflation data. Despite recent declines, Bonk may be poised for a bounce back, mirroring overall market trends and growth within the Solana ecosystem. The article provides detailed insights into Bonk’s market performance and its potential for future growth.

SOL Strategies partners with ASX-listed DigitalX for staking Solana holdings via BitGos institutional custody platform. This partnership aligns with DigitalX’s goal to expand Solana exposure and underlines SOL Strategies’ increasing appeal to institutional clients. The news follows SOL Strategies’ listing on Superstate’s platform, Opening Bell, marking a move towards integrating public markets with digital assets.

German authorities have seized a major crypto exchange, eXch, confiscating $38 million in tokens and vast volumes of data in one of the largest anti-crypto laundering operations. This action reveals the serious endeavors undertaken by law officials towards various alleged illicit activities within the crypto world, emphasizing the growing need for authentic user identification and robust anti-money laundering measures.

Ether is on track for its biggest weekly gain since May 2021. The rally is being fueled by Ethereum’s Pectra upgrade, major short squeeze, and a spike in mega-whale accumulation. Technical patterns indicate the potential for a 40% surge towards $3,400. Market developments, such as the announcement of a new trade deal between the US and UK, are also boosting sentiment in the crypto market.

Vector Smart Chain introduces a $4 flat rate gas fee model ensuring predictable costs and enhancing network security. Along with this, former CitiGroup executive, Peter Ritchie, has been appointed as Strategic Finance Executive Consultant. This major move comes as VSC focuses on strengthening its integrations with institutional and enterprise clients, while working towards achieving carbon-neutral status.