Elendu Benedict

6 days ago | thecryptobasic.com | Elendu Benedict

Meteoric price rallies from Bitcoin and Ethereum dealt severe blows to bears, with liquidation figures reaching multi-year highs. The cryptocurrency market added over $235 billion in the past day as the sector continues its recovery process. The rally pushed the industry’s valuation to $3.25 trillion, with bears in shambles. Data from Coinglass highlighted a bear battering in the past 24 hours, with short liquidation reaching insane levels.

6 days ago | thecryptobasic.com | Elendu Benedict

A top market watcher has shared his exit strategy for Cardano, which he suggested will be crucial for maximum gains this bullish cycle. Dan Gambardello shared his strategy to maximize the impending Cardano price explosion in a May 8 tweet. He insisted that such preparedness for the rally is crucial for profitability, as a lack of it would mean investors have nothing to show for despite severe market upsides.

6 days ago | thecryptobasic.com | Elendu Benedict

With Bitcoin returning above $100,000, Binance’s Changpeng Zhao has outlined a golden rule that holders must adhere to in order to lock in good returns. The flagship cryptocurrency reclaimed $100,000 on Thursday, extending its recent top form. Notably, the rally has induced ecstasy in the crypto community, replacing the fears and panic seen in the market a few weeks back when Bitcoin dumped below $80,000.

6 days ago | thecryptobasic.com | Elendu Benedict

A US district court has sentenced Celsius founder and former CEO Alex Mashinsky to 12 years in prison for defrauding customers. The Thursday ruling by US District Judge John Koeltl concluded that the 58-year-old crypto founder will spend the next 12 years of his life behind bars for his role in former crypto lender Celsius’ bankruptcy. Notably, Mashinsky received a reduced jail time from the 20 years that prosecutors proposed.

1 week ago | thecryptobasic.com | Elendu Benedict

A prominent market watcher has recounted an earlier plausible technical analysis, highlighting a potential XRP price rally to uncharted territory. Market expert Egrag Crypto reiterated XRP’s potential for new price discoveries in an X post on May 7. The analysis highlighted a potent “epic gravitational fall” for the fourth-largest cryptocurrency by market cap, with its target an over 11-fold rally from its current price.