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Ethereum price eyes breakout, ETHA ETF nears $5b milestone

by admin June 7, 2025

Ethereum price may be on the verge of a bullish breakout to $4,000 after forming a bullish flag and a golden cross pattern, and as the iShares Ethereum ETF nears a crucial milestone.

Ethereum (ETH) was trading at around $2,500 at last check on Saturday — higher than this week’s low of $2,380.

A potential catalyst for ETH is the ongoing exchange-traded fund inflows, which have surged in the past few weeks. SoSoValue data shows that these funds have added substantial inflows in the past three weeks.

They added $25 million on Friday, the 15th consecutive day of gains, bringing the cumulative inflows to over $3.3 billion. All these funds now hold over $9.4 billion in assets, equivalent to 3.1% of Ethereum’s market cap.

The iShares Ethereum ETF, whose ticker symbol is ETHA, has had a cumulative inflow of $4.85 billion and is slowly nearing the $5 billion milestone. This growth is likely because BlackRock is the biggest name in the ETF industry, and it trades at a 0.35% discount to net asset value.

Rising Ethereum ETF inflows are notable because it is an indirect signal that American institutional investors are buying.

More data shows that Ethereum’s network is doing well. For example, the total value locked in its decentralized finance ecosystem has jumped by 26% in the last 30 days to $130 billion. Its bridged TVL has moved to about $400 billion, while the stablecoins in its network have jumped to $125 billion.

Ethereum price technical analysis

ETH price chart | Source: crypto.news

The daily chart shows that ETH price surged in May and reached a high of $2,743, which coincided with the 50% Fibonacci Retracement level.

It has now formed a bullish flag pattern, a common bullish continuation sign. This flag pole is about 50% long, and measuring the distance from its breakout zone gives the target price of $4,097. This target coincided with its highest point in 2024.

The other bullish case is that Ethereum price has formed a golden crossover as the 50-day and 200-day Weighted Moving Averages have crossed each other. This crossover often leads to more gains. For example, it happened in November last year, triggering a 35% jump.

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June 7, 2025 0 comments

GameFi Guides

Tron hits $0.27, Cardano eyes $0.73 but BlockDAG at $0.0018 could turn $1k into $27,777

by admin June 5, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

ADA and TRX push volume highs as TRX leapfrogs ADA in market cap, yet all eyes are on a new coin with 27x growth potential.

What happens when one coin climbs 5x and another could hit 27x from where it is now? That’s the question everyone’s asking after the latest Cardano (ADA) market analysis and Tron (TRX) price update.

ADA is hovering near $0.69 with eyes on $0.73, while TRX has crossed $0.27 and just leapfrogged Cardano in market cap. Both networks are pushing volume highs, but the real attention is shifting elsewhere.

BlockDAG is drawing massive interest, and for good reason. Its presale price of $0.0018 opens the door to serious upside. Drop $1,000 today, and get 555,555 BDAG coins. At its expected listing price of $0.05, that’s $27,777.

What if BDAG hits $0.25 in 2026? The math speaks for itself. With over $285 million raised and 21.8 billion coins sold, BlockDAG is riding pure momentum, no VC funds, just public demand. This could be the top crypto for 2025.

BlockDAG’s profit math is turning heads

BlockDAG’s presale is putting real numbers on the board, and it’s those numbers that are getting attention. At a locked price of $0.0018 until June 13, $1,000 buys 555,555 BDAG coins. When BDAG lists at $0.05, that becomes $27,777. The return potential is clear, and it’s prompting a bigger question: what if BDAG hits $1 in 2026? That would flip $1,000 into nearly $600k.

The project has already sold over 21.8 billion coins and raised more than $285 million, and it’s done that without a single VC firm involved. That’s pure community interest. This grassroots push is part of what’s making BlockDAG stand out as a top crypto for 2025, with buyers driving demand, not funds backing it behind closed doors.

The current presale is on Batch 28, priced at $0.0262, but BlockDAG has kept a fixed window open at $0.0018, allowing users to lock in that price until the GO LIVE reveal on June 13. At that event, BlockDAG will launch listings on 20 centralized exchanges, with 5 already confirmed, MEXC, LBank, CoinStore, XT.com, and BitMart.

BlockDAG also supports real mining with mobile and hardware options and offers a hybrid DAG + blockchain setup for scalability. But it’s the math that’s moving the needle right now. With fixed pricing and no VCs taking early shares, BDAG is shaping up as a serious top crypto for 2025, one that’s giving the public a shot at the big upside.

Cardano market analysis: Price momentum and what’s next

The latest Cardano market analysis shows the coin trading around $0.695, with resistance levels at $0.73, $0.76, and $0.80. On-chain data shows strong activity, especially in Japan, helping ADA push toward its short-term goal of $0.70. The network has now processed over 110 million total transactions and has 22 billion ADA staked across nearly 3,000 active pools. Analysts are forecasting a near-term price of $0.89 by early July and a longer-term move to $1.25 by August if momentum holds.

Technically, Cardano is holding its 200-day SMA at $0.659 and its 50-day at $0.718. Its recent upgrade to Node v10.4.1, which includes UTXO-HD for storage efficiency, adds strength to the platform. Simulations for its Leios scaling solution are also showing speeds of 1,000 TPS. The Cardano market analysis now leans cautiously bullish, with some projections aiming as high as $1.88 or even $2.36 by year-end. These price levels depend on market trends, but Cardano’s development pipeline and staking participation are helping keep attention on it through mid-2025.

Tron price update: Volume surge and exchange moves

The latest Tron price update shows TRX holding above $0.27, with a 1.2% daily gain and a clear break ahead of Cardano in market cap, now sitting near $25.77 billion. Network activity is hitting all-time highs, and TRON is now processing more daily USDT volume than Ethereum, $118 billion in a single day. That kind of demand is also coming from outside the charts, as TRON expands its presence in the UAE with a focus on stablecoins and blockchain infrastructure.

Whale movement has added to speculation, with 8.78 billion TRX shifted recently by TRON DAO. Analysts are projecting short-term upside to $0.32–$0.34, with some year-end targets ranging between $0.28 and $0.73. The long-term outlook points to $3.55 by 2030 if adoption keeps climbing. The Tron price update shows that despite steady price moves, it’s the ecosystem metrics, transaction count, stablecoin dominance, and regional expansion, that are pushing TRON into more serious territory for those tracking 2025 gainers.

Key insights

Cardano market analysis points to steady gains, with $0.73 in sight and strong staking and upgrade momentum behind it. At the same time, the Tron price update shows TRX pushing above $0.27 and surpassing Cardano in market cap, thanks to high USDT transfer volume and growing interest from regions like the UAE. Both are showing solid short-term setups, but neither matches the current upside math of BlockDAG.

With BDAG fixed at $0.0018 until July 13, $1,000 gets 555,555 coins. At the $0.05 listing price, that’s $27,777, and what if BDAG hits $1 in 2026? BlockDAG has already raised over $285M, sold 21.8B coins, and done it without a single VC. The public owns this momentum, and that’s what makes it feel like the top crypto for 2025. For those looking at long-term upside, BlockDAG’s crypto presale window might be the shot worth taking.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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June 5, 2025 0 comments

GameFi Guides

PEPE Eyes 500% Move In Pre-Breakout Retest, Can It Outperform Dogecoin?

by admin June 4, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

PEPE Coin, like the rest of the meme coin market, has struggled recently as the Bitcoin price retraced from its all-time high levels. This has put a strain on the market since the likes of Dogecoin have been unable to put in any notable gains during this time. However, with the month of June moving into full swing, there seems to be a turn in the tide, and meme coins are looking to ride out this wave.

Analyst Calls Out Bullish PEPE Formation

Crypto analyst Crypto Patel on the X (formerly Twitter) platform has called out PEPE as one of the coins that is showing bullish tendencies right now. This stems from the fact that the meme coin continues to hold strong even in the face of bearish pressure, and what’s more is that it has been able to maintain major support during this time.

As the crypto analyst explains, the PEPE price is still holding above trendline support at $0.0000091 to $0.0000112. This not only serves as major support but is also an accumulation zone for the meme coin. Thus, a continuous hold at this level suggests that bulls are still in control of the altcoin’s price.

Since the PEPE price has already seen a small breakout above the $0.000012 level, it suggests that accumulation is ending and a breakout retest is being staged right now. If this breakout retest is successful, then the next stop for the meme coin would be a full-on rally that could take it toward new all-time highs.

Source: X

Currently, PEPE is sitting approximately 56% below its $0.00002825 all-time high reached in December 2024. However, this might not be the case for long, as the crypto analyst says the first target in a breakout is the $0.000025 level. This puts the meme coin a mere 20% away from a new all-time high when reached. Then further targets are placed at $0.000035, and then $0.000055, which would be a full-on 500% rally from current levels if this target is reached.

Can It Outperform Dogecoin?

After moving into the limelight, PEPE has been fondly referred to as the next Dogecoin due to its ability to stage massive rallies akin to Dogecoin back in 2021. Given its lower market cap as well, the former has been expected to outperform the latter as the market winds back into bullish territory.

However, this does not mean that there are no gains to be had with Dogecoin, according to crypto analysts. One analyst, Coin Mastermind, has revealed an important formation in the Dogecoin price chart that could trigger a rally, and this is the round bottom support line.

Source: TradingView.com

The round bottom support line has appeared on the monthly Dogecoin price chart, suggesting that the meme coin is at a pivotal level. From here, a bounce to reclaim a strong hold above $0.2 could stir a major rally. But a rejection back down below $0.18 could be a crash indicator.

Price reverses from Tuesday’s gains | Source: PEPEUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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June 4, 2025 0 comments

Can Monero’s XMR price surge 40% and revisit all-time high?

Crypto Trends

Monero price eyes $500, but $420 stands as the next key hurdle

by admin June 2, 2025

Monero price rose for three consecutive days as investors bought the dip following last week’s crash.

Monero (XMR) climbed to $365, its highest point since May 28, and now sits 16% above its lowest level from last week.

The rebound happened even as Bitcoin (BTC) and other cryptocurrencies wavered. It happened as the demand for privacy coins like Horizen (ZEN) and Zcash (ZEC) jumped.

On-chain data shows that Monero’s exchange outflows surged to $8.9 million last week—the largest jump this year. Exchange outflows typically indicate that investors are moving tokens into self-custody, a potentially bullish signal.

Monero’s funding rate has remained positive since May 15, suggesting that traders expect future prices to be higher than the current spot price. A positive funding rate is often viewed as a bullish catalyst, as crypto.news reported.

Monero token has been in a strong bullish trend in the past few months after spending three years in a consolidation phase. This rebound happened after a US court ruled against the Treasury Department for sanctioning Tornado Cash, a crypto mixer. The department was then forced to remove sanctions earlier this year.

XMR’s momentum further accelerated after hackers reportedly used the coin to move over $300 million in suspected stolen funds. Monero is considered ideal for illicit transactions due to its privacy-enhancing features, including ring signatures, stealth addresses, and ring confidential transactions.

These technologies ensure transaction anonymity. For example, ring signatures obscure the sender by blending their signature with decoys, while stealth addresses generate a one-time address for each transaction, further masking recipient details.

Monero price technical analysis

XMR price chart | Source: crypto.news

The daily chart shows that XMR has been in a sustained bull run since February 2024, when it was trading at $100.90. The token remains above both the 50-day and 100-day Exponential Moving Averages.

It has rebounded to $366 from last week’s low of $312. The Relative Strength Index and the MACD have all pointed upwards.

For the rally to continue, Monero must break above resistance at $420, its highest point this year. A successful move above this level would invalidate the double-top pattern, whose neckline sits at $312, and could signal a further rally toward $500. Conversely, a drop below the $312 support would invalidate the bullish outlook.

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June 2, 2025 0 comments

Crypto Trends

Bitcoin Eyes $97,000-$99,000 As Key Support Zone If Price Decline Persists

by admin June 1, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin prices fell by over 3% in the past week as the broader crypto market suffers from a general price correction influenced by macroeconomic pressure. Notably, the premier cryptocurrency now trades above $104,000 representing an estimated 7% decline from its new all-time high at $111,970. Amidst what may yet be a mere correction, market analyst Daan Crypto has highlighted a support zone with strong potentials to halt any further price decline.

$97,000-$99,000 Emerges As Key BTC Price Level

In a brief X post on May 31, Daan Crypto has shared a cautious outlook on Bitcoin amidst an ongoing price correction. The analyst notes that if the retracement persists into June, Bitcoin is likely to fall to around $97,000 -$99,000 at which it may find a credible market resistance.

Daan Crypto’s selection of this price range as the next major support level for Bitcoin stems from a confluence of technical indicators. As seen in the chart below, the $97,000-$99,000 price region represents the mid range of Bitcoin trading channel between $90,845 and $108,386, alongside hosting the 200-day moving average and the 0.382 Fibonacci retracement level.

Source: @DaanCrypto on X

The mid-range in a trading channel usually serves as a key level of support or resistance, depending on where the price is relative to it. Amidst Bitcoin’s price correction, the current mid-range at $97,000-$99,000 represents the next major price floor for the premier cryptocurrency — a decisive price fall below which would signal a bearish price trend.

Meanwhile, the 0.382 Fibonacci retracement level represents a healthy market correction zone meaning prices generally pull back to this area before resuming the initial trend. In addition, the 200 day MA is a long-term indicator averaging the market closing price over the past 200 days. It also functions as a support level during bullish trends acting as a common retest level before price continues an uptrend.

Generally, all three indicators suggest the $97,000-$99,000 would act as a sound technical support zone should Bitcoin price dip any further. However, the loss of the support zone would threaten Bitcoin’s bullish potential with the next support level set around $94,000.

Bitcoin Price Overview

At press time, Bitcoin trades at $104,650 reflecting a slight price gain of 0.14% in the past day. The premier cryptocurrency also reports a monthly gain of 7.21% indicating that the majority of new market entrants remain in profits. However, the weekly decline of 2.86% suggests there is need for a resurgence in market demand to halt a creeping bearish sentiment investment.

BTC trading at $104,632 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from Pexels, chart from Tradingview

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June 1, 2025 0 comments

NFT Gaming

Asia Morning Briefing: All Eyes on TON as Elon Musk Pours Cold Water on xAI Deal Talks

by admin May 29, 2025

Good Morning, Asia. Here's what's making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.

Telegram's blockbuster deal with xAI, which would see Elon Musk's AI company integrate into Telegram and the two firms share revenue, is still a work in progress despite an announcement from Pavel Durov earlier Wednesday, U.S. time, that the deal was inked.

TON, a token affiliated with Telegram's ecosystem, is trading at $3.30, rallying there from $3 after the initial – now refuted – announcement of the partnership was made. The token is down from an earlier high of $3.68, after Elon Musk posted on X that no deal had been signed between the two companies. TON is still up 11% on the day, according to CoinDesk market data.

While Durov has now confirmed that no deal has been signed, the Telegram founder said there is an “agreement in principle” which might be why TON still has significant support at the $3.30.

All eyes will be on Telegram and xAI as the Asia business day begins to see if more clarification comes from either side.

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Decentralized BlueSky isn't a Web3 Company, Says CEO

VANCOUVER—Jay Graber, the CEO of fast-growing decentralized social media platform Bluesky, got her start in Web3 as a developer for privacy coin zCash, but she wants to keep her X competitor firmly in Web2.

Speaking at Web Summit in Vancouver on Wednesday, Graber argued blockchain technology’s permanence and resource-intensive design make it unsuitable for consumer-oriented social networks, where content is fleeting and personal.

“Why do you need your picture of what you post for lunch being maintained forever in this digital archive?” she asked on stage, highlighting the inherent scalability and cost limitations that drove her decision to avoid blockchain at Bluesky.

Graber, to be sure, isn't against crypto. She says there's still genuine value in the technology for things like payments and digital identity, even if sometimes Web3 often presents solutions in search of a problem, and has a trend of gravitating towards centralization.

“There’s a period where everyone was creating blockchain like this hammer, and we were just going to try blockchain for everything,” Graber said. “Every system that's trying to do it ends up with concentrations because it's easy, and convenience ultimately wins at the end of the day.”

For her, Bluesky's future lies in combining the ideals of decentralization, such as user autonomy and portability, with practical, Web2 infrastructure to create a platform that prioritizes users' needs.

“Blockchain will probably find its place somewhere in the world of technology, but Bluesky is not on a blockchain because we're just making the best choices for our users,” she concluded.

Nvidia's Earnings Beat Boosts Stock, Offers Modest Lift to AI Tokens

Shares of Nvidia rose roughly 4% in after-hours trading Wednesday after reporting stronger-than-expected first-quarter earnings, highlighted by a 69% revenue increase from last year and a 73% jump in its data center business driven by robust demand for AI chips. Net income rose 26% to $18.8 billion, boosting Nvidia’s year-to-date performance modestly higher, CoinDesk previously reported.

The earnings report provided a slight lift to AI-related crypto tokens like Bittensor (TAO), NEAR Protocol, and Internet Computer (ICP), though gains were modest.

However, Nvidia tempered future expectations, cautioning that second-quarter revenue might fall short of market estimates due to tariff-related trade tensions between the U.S. and China.

Market Movements:

BTC: Bitcoin dipped 1.2% to $107,800, though NYDIG sees more room for gains. At the same time, crypto markets shrugged off a U.S. court blocking Trump's broad tariffs as unconstitutional, with BTC trading remaining muted.
ETH: Ether is trading above $2700 as Asia begins its business day. Earlier, CoinDesk analyst Omkar Godbole wrote ETH is eying a breakout above $3,000, forming a bullish “ascending triangle” pattern with rising support and resistance at $2,735, as higher lows signal growing buying pressure and accumulation ahead of a potential price surge.
Gold: Gold has slipped 1% to $3,267.47 amid cooling safe-haven demand, though tariff and geopolitical uncertainty linger.
Nikkei 225: The Nikkei 225 is opening in the green, up 1%, as investors in export-reliant Japan are looking at a recent announcement that the Supreme Court has blocked Trump's tariffs with cautious optimism, even as crypto shrugged it off.
S&P 500: While the S&P 500 closed in the red, futures are up 1% as traders await more clarity regarding the court's move to block Trump's tariffs.

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May 29, 2025 0 comments

NFT Gaming

BlackRock (BLK) Eyes 10% Stake in Circle’s IPO, Joins ARK as Potential Buyer: Bloomberg

by admin May 28, 2025

BlackRock Inc. is considering acquiring roughly 10% of the shares offered in Circle’s upcoming initial public offering (IPO), Bloomberg reported Wednesday, citing people familiar with the matter.

The IPO filing, made public on Tuesday, lays out plans to offer 24 million Class A shares — 9.6 million from Circle and 14.4 million from existing stakeholders.

According to the filing, Cathie Wood’s ARK Investment Management has expressed interest in buying up to $150 million worth of the IPO shares. The shares are expected to be priced between $24 and $26, and will be trading under the ticker ‘CRCL’.

BlackRock’s potential involvement, though significant, is still up in the air. Bloomberg reported that it remains unclear whether BlackRock would invest directly or via an affiliated vehicle, and that it could ultimately walk away from the deal.

BlackRock didn’t immediately respond to CoinDesk’s request for comment.

The asset management giant already maintains a close relationship with Circle. It manages the Circle Reserve Fund, a government money market fund that holds 90% of the reserves backing Circle’s USDC stablecoin. USDC is one of the largest dollar-pegged cryptocurrencies, used widely across crypto trading and DeFi protocols.

If BlackRock follows through, the move would mark another major entry point for traditional finance into the digital asset space, further entrenching stablecoins like USDC in the broader financial system.

The IPO would make Circle one of the few large crypto-native firms to go public in the U.S. after a long lull in public market debuts from the sector. Circle previously attempted to go public via a SPAC merger in 202, which was subsequently scrapped.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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May 28, 2025 0 comments

GameFi Guides

Shiba Inu Coin Price Eyes $0.00002 Amid 41M SHIB Token Burn

by admin May 27, 2025

The Shiba Inu coin is back under the limelight with its impressive price action over the past few days. This has resulted in this crypto project recording increased price action. Adding to this, the shibburn rate has also witnessed a significant rise, suggesting a long-term bullish sentiment for it.

Considering the present market sentiments, investors are wondering about the short-term possibilities of this memecoin. Are you one of many wondering the same? Read more to find out the possible Shiba Inu Price Prediction for this week.

41 Million SHIB Tokens Burned in 24 Hours

Over the past 24 hours, the shibburn rate has experienced a jump of over 18% to 41.453 million tokens. Notably, this was a result of seven transactions out of which 2 transactions recorded a token burn of less than 1 token.

On the other hand, it witnessed 3 transactions over a million token burn with one exceeding over 23 million. With this, the total burn value of today was just over $601, making it one of the best burn days for Shiba Inu this month.

Shiba Inu Coin Records Higher Lows

The SHIB price today has displayed a neutral price action by recording a variation of less than 1% in valuation. Moreover, with an intraday trading volume of just over $190 million, it has maintained its value around the $0.00001450 mark. With a market cap of $8.54 billion, it has a dominice of 0.2464%.

The Moving Average Convergence Divergence (MACD) records a constant red histogram in the daily time frame with its averages displaying a similar price trend. Considering this, the memecoin may display a negative price action this week.

Moreover, the Simple Moving Average (SMA) has displayed a bearish convergence in the Shiba Inu price chart. This suggests an increase in the selling-over-buying pressure for the altcoin in the cryptocurrency space.

How High Can SHIB Memecoin Realistically Go?

If the market favors the bulls, this could result in the price of SHIB memecoin retesting its resistance zone of $0.0000150. Maintaining the price above that level could set the stage for it to prepare to hit its upper price target of $0.000020 in the upcoming time.

On the contrary, if the bears outrun the bulls, the second largest meme coin could drop toward its support zone of $0.0000120. If the bulls fail to regain momentum at that point, this may act as a catalyst in the price plunging toward its crucial support level of $0.000010.

Also Read: Ethereum in Spotlight as SharpLink Gaming Bets $425M on ETH

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May 27, 2025 0 comments

NFT Gaming

Thailand Eyes Crypto-Linked Credit Cards, Revised Digital Asset Rules

by admin May 27, 2025

In brief

Thailand is exploring plans to allow tourists to pay in crypto via linked credit cards.
The country is also considering merging its separate legislation covering digital assets and conventional securities.
Thailand has been exploring similar frameworks in its tourism and crypto hubs for some time.

Thailand is actively exploring legislation that would allow both tourists and citizens to spend their digital assets via linked credit cards.

According to English-language Thai publication The Nation, the country’s Ministry of Finance is aiming to streamline transactions for visitors. Under the new plans, sellers will receive their payment in local currency as usual, without necessarily being aware that the buyer utilized crypto.

The Ministry is reportedly already in conversations with the country’s central bank, the Bank of Thailand (BOT), to pilot the system before a wider rollout. In addition, the country’s Deputy Prime Minister and Finance Minister Pichai Chunhavajira unveiled several other pro-crypto measures at the event in Bangkok on Monday.

Chunhavajira said the government plans to merge the legal frameworks governing the country’s “capital market” and its “digital asset market.”

At present, these are governed by two separate pieces of legislation: the Securities and Exchange Act and the Emergency Decree on Digital Asset Businesses.

The officials said the aim is to enable investors to “transfer funds between the two markets more conveniently, thereby accommodating modern investment behaviors.”

Thailand eyes crypto tourism

The move shouldn’t come as a big surprise—Thailand has been trialing these types of crypto payments in specific regions for quite some time.

In January, the government trialed a crypto payments program on the island of Phuket, a major regional crypto hub with high tourist numbers. Meanwhile, small communities such as the Huay Phueng district of Kalasin province have adopted Bitcoin payments en masse, with more than 80 local businesses in the area accepting the cryptocurrency.

Initiatives like these come as the country, which relies heavily on tourism, has been combating recent declines in visitor numbers, amid a smaller number of Chinese tourists and a comparatively stronger local currency.

Meanwhile, other Asian nations are exploring how crypto-friendly infrastructure can boost tourism. The small Himalayan country of Bhutan recently added crypto payments across its entire tourist ecosystem, enabling payments for everything from flights to street food, courtesy of a partnership with Binance Pay.

Edited by Stacy Elliott.

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May 27, 2025 0 comments

GameFi Guides

Ethereum (ETH) Eyes $3,000, But One Thing Remains

by admin May 27, 2025

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, extended its climb in the early Tuesday session. Ethereum began to recover on May 24 after falling sharply to a low of $2,500 on May 23.

At press time, ETH had increased by 2.89% in the last 24 hours to $2636, outperforming the top 10 cryptocurrencies in daily gains.

The latest gain has brought Ethereum to a familiar technical hurdle that has slowed its recent rise: the 200-day Simple Moving Average (SMA), currently at $2,699. This long-term trend indicator has been a major barrier recently, with ETH failing to break through it since May 13.

ETH/USD Daily Chart, Courtesy: TradingView

In the very short term, traders are watching this barrier closely. A sustained move above it might spark a fresh upswing for Ethereum, with a target of $3,000.

Ethereum’s path to $3,000

Ethereum’s path to $3,000 might not be straightforward; aside from the $2,700 mark, Ethereum may encounter hurdles at other levels.