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The Algorand-based AI-powered content publishing platform LimeWire is back on trends with its native utility token, LMWR, reaching its 25-week high.  LMWR is up by 85% in the past 24 hours and is trading at $0.36 at the time of writing — last seen in mid-May this year. The asset’s market cap has reached $16.35 million. 24-hour trading volume rose by 490%, surpassing the $6.9 million mark.  LMWR price – Nov. 7 | Source: Santiment The asset touched a local top of $0.47 briefly at around 03:00 UTC earlier today. At the current price point, LimeWire is up by 462% from its all-time low of $0.05 in mid-August and still down by 83% from its all-time high of $1.92 in mid-May when the token launched. You might also like: Zero-knowledge proof investments surge as practical use cases emerge Moreover, data provided by Investors Observer shows that the resistance point for LMWR is set at around $0.16, with the expectations of a further plunge if the asset closes down to th...

RUNE, the native utility token of the THORChain decentralized liquidity protocol, has emerged as the top gainer among the top 100 cryptocurrencies, while Binance partially suspended the asset’s withdrawals. RUNE gained 7.6% in the past 24 hours and is trading at $1.61 at the time of writing. The rise comes while the asset’s 24-hour trading volume registered almost 50% incline, currently at $50 million. RUNE price, social volume and positive sentiment – Sep. 7 | Source: Santiment Moreover, RUNE’s market cap rose to $546 million, making it the 61st largest crypto asset. You might also like: Binance will reportedly delist Monero and privacy coins in Belgium The price hike comes while the largest crypto exchange by trading volume, Binance, suspended RUNE withdrawals on its BNB Beacon Chain (BEP2). The exchange noted that the suspension comes due to high wallet congestion. However, RUNE’s withdrawals on THORChain and the asset’s deposits on both networks seem to be...

Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce? When the markets are trending, traders should be active if they want to earn money. On the other hand, in a ranging market, it is better to wait on the sidelines with patience, or else traders may lose money due to choppy random moves in either direction. Bitcoin’s (BTC) sideways price action since the sharp fall on Aug. 17 shows that the bulls and the bears are unsure about the next directional move. Therefore, it is better to wait for the breakout to happen before waging large bets. Daily cryptocurrency market performance. Source: Coin360 In the short term, institutional traders also seem to be taking a cautious approach. A CoinShares report showed an outflow of $55 million from digital asset investment products for the week of Sept. 13. What are the important support and resistance levels that need to be crossed for a trending move to start in Bitcoin and altcoins? Let’s study the charts ...

Sui token’s (SUI) price has struggled over the past month, falling to a one-month low of around $0.46 on Aug. 18 as almost the whole crypto market turned red.  However, as the asset’s social activity grew, SUI’s price turned green, recording a 6.7% rise over the past 24 hours. According to Santiment, the Sui token’s social dominance surged by 200% in the past 24 hours — this happened for the first time since mid-May 2023. SUI price, social dominance, total OI and development activity – Aug. 23 | Source: Santiment On the other hand, the asset’s total Open Interest (OI) has dropped from $771 million to $604 million over the past three days. Per Santiment, SUI’s total OI suddenly rose from $469 million on Aug. 16 to $702 million on Aug. 17. You might also like: Sui announces the launch of its developer portal  According to data provided by the market intelligence platform, the development activity of the Sui network has been consistently dropping since the star...

If Bitcoin price breaks above $30,000, several altcoins such as SOL, ATOM, ICP and HBAR are well-positioned for a rally of their own. Risky assets marginally extend their up-move in April. The S&P 500 Index rose around 1.5% in April while Bitcoin (BTC) is on track to end the month with gains of more than 4%. Could the rally continue in May or is it time for a pullback? The recovery could face headwinds if the United States banking woes escalate further. JPMorgan Asset Management chief investment officer Bob Michele said in an interview with Bloomberg that the turmoil at First Republic Bank is unlikely to be limited to the bank only, and could cause a domino effect. Crypto market data daily view. Source: Coin360 If that happens, then the U.S. equity Markets may witness a correction. However, it is difficult to predict how Bitcoin will react to such a crisis because, in the past few days, BTC price rose while legacy banking troubles deepened. But in case of a major upheaval in the ...

Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited. Bitcoin (BTC) is leading the cryptocurrency Markets lower and the matter is being exacerbated by Silvergate Banks' ongoing issues. This week the cryptocurrency-focused bank said that it needed additional time to file its annual 10-K report and warned that it may not be able to operate for another 12 months. Reacting to this news, several cryptocurrency companies announced that they were reducing or canceling their partnerships with Silvergate Bank.  The uncertainty regarding the future of the bank and its overall impact on the cryptocurrency sector may have caused a knee-jerk reaction. However, if the contagion does not spread, the downside may be limited. Daily cryptocurrency market performance. Source: Coin360 Another positive for the cryptocurrency markets is that the United States equities markets are attemptin...