Chain News Daily Today TheBitTimes.com

Top Web3 wallet Best Wallet ($BEST) has raised more than $500,000 in just the past week to take its total past $9.5 million. Lauded for its functionality and suitability for today’s market landscape, the non-custodial wallet recently reached over 500,000 total users, with more than 250,000 monthly active users. According to insiders at Best Wallet, the project aims to capture 40% of the crypto wallet market by next year, valued at over $10 billion. This goal aligns with the projected growth of crypto adoption, which could see users exceeding a billion in the next five years. This is why early investors are seizing the opportunity to buy its native token, $BEST, giving them a chance to ride along on Best Wallet’s growth trajectory as it aims to become the industry’s number one crypto wallet. The current price of $BEST is $0.02395 per token, but this rate is only available for the next 35 hours before it increases as the project moves to...

The Cardano price pumped over 5% in the last 24 hours to trade at $0.7532 as of 6:21 a.m. EST as investors buy into the crypto. This increase in the ADA price comes after Cardano founder Charles Hoskinson recently opened up about the possibility of implementing Ripple’s RLUSD on the network. In a recent AMA YouTube session , Hoskinson said he is in ongoing discussions with Ripple’s CEO Brad Garlinghouse and CTO David Schwartz. Cardano Price Gets Rejected By Resistance 4-hour chart for ADA/USD (Source: GeckoTerminal) The Cardano price was rejected by the resistance level at $0.8041 in the last 24 hours, GeckoTerminal data shows. This rejection was followed by a pullback, bringing ADA to its current price. If bulls do not step in soon, the altcoin could end up testing the immediate support level at $0.6341. A drop below this technical safety net might lead to ADA falling further. On the other hand, buyers entering ADA’s order books in the next few hours could lea...

The XYO Network price soared 34% in the last 24 hours to trade at $0.02082 as of 11:27 p.m. EST on trading volume that skyrocketed 867% to $72 million. XYO Network Price Aims For A Sustained Breakout The daily chart for XYO price shows that the token is in a recovery phase after breaking out of a falling wedge pattern with a 34% surge.  This wedge formed following a parabolic price spike in December, suggesting that the consolidation period may be ending.  The breakout is significant, as falling wedges are typically bullish and often signal the start of a new uptrend.  Additionally, XYO has moved above the 50-day Simple Moving Average (SMA) at $0.01997, reinforcing short-term bullish momentum. However, the 200-day SMA at $0.01022 remains a key long-term support level that confirms the overall bullish structure of the market, according to GeckoTerminal data. The Relative Strength Index (RSI) is currently at 57.93, which is in neutral-to-bullish territory. It sugge...

The Zircuit price has surged 12% in the last 24 hours to trade at $0.07607 as of 11:29 a.m. EST on a 62% rise in trading volume to $54.7 million. Zircuit Price Aims For A Breakout The ZRC price Analysis on the 4-hour chart indicates a recent bullish breakout following an extended period of sideways consolidation. For the past few weeks, the Zircuit price has been trading within a defined range, with $0.069 to $0.071 acting as a support zone and $0.078 acting as the resistance zone.  The price of ZRC has now decisively broken through the upper resistance at $0.076, indicating strong buying momentum, according to data from GeckoTerminal . ZRC has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs) at $0.06950 and $0.07329, respectively, now acting as the immediate support levels. The Relative Strength Index (RSI) is at 69.19, approaching the overbought territory (above 70).  This suggests that the recent rally has generated strong buying pressure...

The importance of utility-based tokens in the cryptocurrency market cannot be overstated. These tokens, underpinned by real-world applications, often provide significant returns for early investors. Best Wallet is a Web3 ecosystem encompassing a decentralized exchange (DEX), wallet functionalities, and a strong focus on utility. Having already successfully raised an impressive $5 million in its ICO presale, many analysts predict that Best Wallet has the potential for substantial growth, with expected returns ranging from 10x to 100x. The benefits of using Best Wallet for managing digital assets Cryptocurrency wallets have become essential tools for anyone looking to navigate the world of decentralized finance (DeFi). For those familiar with popular wallets like MetaMask, the need for a streamlined and efficient solution to manage crypto assets is well understood. However, a new player in the space, Best Wallet, aims to revolutionize the landscape by offering an all-in-one platfor...

The Render price surged 24% in the last 24 hours to trade at $9.87 as of 03:14 a.m. EST on trading volume that skyrocketed 248% to $1.7 billion. Render Price On A Sustained Rally The Render price has been on a sustained rally in November, having risen sharply within a rising channel over the past few weeks. The asset is in a clear uptrend, with higher highs and higher lows visible on the chart, after breaching the upper boundary of the rising channel within the $9.50 resistance, according to data from GeckoTerminal . RNDR price trades gracefully above both the 50-day and 200-day Simple Moving Averages (SMAs), signaling an extended bullish trend but also suggesting overextension. Meanwhile, the Relative Strength Index (RSI) is at 59, nearing overbought territory (70+). This reflects strong buying pressure, but it also hints at the possibility of a short-term correction or consolidation before the trend resumes. However, the stochastic RSI 14 3 3 is at 49, showing a potential cooli...

The Hedera price soared 45% in the last 24 hours to trade at $0.2476 as of 02:27 a.m. EST on trading volume that skyrocketed 206% to $3.4 billion. Hedera Price On A Strong Bullish Trend The HBAR/USD chart Analysis on the 4-hour timeframe exhibits a strong bullish trend, as evidenced by the significant upward price movement, increasing volume, and the position of technical indicators. According to data from GeckoTerminal , the $0.14 support allowed the bulls to take charge, pushing the price of Hedera through a sustained parabolic rise. HBAR, as a result of the continued surge, now trades above both the 50-day and 200-day Simple Moving Averages (SMAs). The current position also shows that the HBAR price is currently on a sustained bullish rally. The Relative Strength Index (RSI) is in the overbought zone, currently at 85. This suggests that the asset has experienced a strong rally and may be prone to a pullback or consolidation in the near term. However, in strong uptrends, overbo...