Since the beginning of April, there has been a surge in the creation of new tokens, surpassing 1 million in total. Ethereum saw over 370,000 new tokens emerge, while Solana witnessed the launch of over 640,000 new tokens, primarily memecoins.
Read MoreThe price of Ethereum is aiming for a potential upward breakthrough beyond the $2,900 mark. For Ethereum to sustain its upward momentum in the short term, it needs to establish stability above key resistance levels at $2,900 and $2,940.
Read MoreEthereum's price is showing signs of a rebound from the $2,865 support level, aiming to recover further if it surpasses the $2,960 resistance area.
Read MoreBitcoin (BTC) traders have encountered a relatively challenging period following the straightforward rallies that characterized the market since last October.
Read MoreThis adjustment comes after the Securities and Exchange Commission (SEC) expressed apprehensions regarding staking, viewing it as a security, which prompted the revision.
Read MoreEthereum has shown a tumultuous pattern of price fluctuations, initially dropping below the $3,000 mark in recent days before bouncing back above it.
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