Analysis

Analysis: 98% of NFTs Launched in 2024 Unprofitable, Only 0.2% Yield Gains

Analysis: 98% of NFTs Launched in 2024 Unprofitable, Only 0.2% Yield Gains

A recent analysis has revealed that the non-fungible token (NFT) market struggled in 2024, with untimely price drops and several failed projects. The research by NFTevening and digital PR agency Storible examined more than 29,000 NFT collections released throughout the year, compiling data from OpenSea and Dune analytics. NFT Market Profitability Struggles Dubbed “State of […]

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BTC Price Analysis: Can Bears Push Bitcoin Below $60,000 Soon?

BTC Price Analysis: Can Bears Push Bitcoin Below $60,000 Soon?

Bitcoin’s price has yet to recover above the key 200-day moving average, and if things remain the same, it is seemingly bound to drop to lower levels. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has recently rebounded from the $60K support level following the breakdown below $64K

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BTC Price Analysis: Is Bitcoin Targeting $70K in the Short Term?

BTC Price Analysis: Is Bitcoin Targeting $70K in the Short Term?

Bitcoin’s price has broken post a key level recently and is seemingly targeting a new all-time high in the short term. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has finally broken above the $64K level and the 200-day moving average, which is located around the same mark.

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BTC Price Analysis: Bitcoin’s Consolidation About to End as Major Move Seems Imminent

BTC Price Analysis: Bitcoin’s Consolidation About to End as Major Move Seems Imminent

Bitcoin’s price rally has come to a halt over the last couple of months as the market consolidates. Yet, things are about to change soon, either for the better or for the worse. Technical Analysis By TradingRage The Daily Chart On the daily chart, it is evident that the Bitcoin price has been consolidating inside

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