Crypto Blog
The crypto markets saw a strong performance this past week, with major cryptocurrencies like Ethereum, Solana, and Cardano posting double-digit gains. Leading the charge was Bitcoin, which briefly surpassed $36,000 to hit its highest level since September, with Ethereum also putting in new highs.Ethereum was among the top performers, jumping over 15% to trade around the $1,900 level. After bottoming out at around $1,300 in June, Ethereum has seen a steady recovery.
Overall, the short- and medium-term outlook appears bullish for Ethereum according to altFINS, although the long-term trend remains bearish.Besides Ethereum, alternative layer-1s Solana and Cardano also posted double-digit rises this past week. Solana rallied over 20% on the back of its Breakpoint conference held October 30 to November 3 in Amsterdam. The conference gave developers a platform to showcase innovations, with over 100 panel discussions and workshops lined up.
In similar fashion, Cardano gained nearly 17% this week boosted by positive sentiment from its two-day Cardano Summit 2023. Since October 19, ADA’s price has surged over 40% amidst an overall crypto market rebound. Tailwinds include a rise in Cardano whale transactions and increased investor holding activity. However, daily active addresses have dropped even as prices rose, indicating potential exhaustion.has grabbed attention for its unique staking-based cloud mining model.
Decentralized cloud mining through Bitcoin Minetrix provides easy, cost-efficient access to BTC mining profits without physical hardware. This makes tapping into bitcoin income streams accessible to regular crypto investors without technical expertise. Bitcoin Minetrix specifically addresses key issues like expensive mining equipment and misleading scams that have plagued the BTC mining space in the past. Its transparent model ensures a secure and seamless mining experience.
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