Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The Rise of Appchains? Dapps Are Flipping Blockchains in Revenue

For the first time in history, dapps are generating more revenue than blockchains, raising questions about the real value of the latter without the former, and how this trend could accelerate the rise of appchains. Dapps Are Generating More Revenue Than Blockchains The decentralized finance industry is entering a new state where applications are becoming CoinOtag

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XRP Charts `Rising Wedge` To Signal Price Plunge: Technical Analysis

Payments-focused XRP`s immediate prospects look bleak, with its price chart flashing a "rising wedge" breakdown. A rising wedge comprises two converging trendlines that connect higher lows and higher highs. This convergence suggests that upward momentum is weakening. When the price moves below the lower trendline, it signals a shift to a bearish trend. XRP dived out of its rising wedge pattern during Wednesday`s early Asian hours, suggesting that the attempted recovery from the April 7 lows near $1.60 has likely lost momentum, allowing sellers to regain control. According to technical analysis theory , analysts should identify the starting point of the rising wedge as the initial support level following the breakdown, which means XRP can now fall back to $1.60. The cryptocurrency has also fallen below the Ichimoku Cloud, a momentum indicator, on the hourly chart, reinforcing the bearish outlook indicated by the rising wedge breakdown. Tuesday`s high of $2.18 is the level for bulls to beat to invalidate the bearish outlook. CoinOtag