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💥💥💥 #Dogecoin‬⁩ Sees Monumental Surge In Transactions As Whales🐳🐳🐳 Spend $129 Million Dogecoin faces a pivotal moment in its price trajectory, driven by recent whale activity amid a significant decline in the past week. Despite the downturn, large holders have opportunistically accumulated substantial amounts of DOGE. Santiment data shows addresses holding between 10 million & 100 million Dogecoins acquired over $129 million worth of DOGE in the last seven days. Whale Accumulation Signals Confidence - During this period, whale addresses have increased their holdings by over 900 million tokens, indicating a strong belief in DOGE despite its recent price struggles. Consequently, the combined holdings of these whale wallets now total approximately 18 billion tokens, marking a 5% increase from previous levels. - Whale accumulation usually coincides with price stability and growth, but the current phase is unique as it aligns with a price decline, indicating a strategic shift in their behavior. IntoTheBlock data shows a sharp increase in $DOGE transactions & trading volume, with over 9.29 billion DOGE tokens traded in the last 24 hours, highlighting active trader participation. Impact of Whale Transactions on Price Dynamics - Dogecoin's market behavior is heavily influenced by sentiment, particularly driven by large investors or "whales." Their buying activity can trigger bullish momentum & stimulate demand among traders. Recent whale accumulation suggests a potential catalyst for renewed bullish sentiment. Currently trading at $0.1367, DOGE has seen an 11.29% decline over the past week, with a slower 0.6% loss in the last 24 hours. Analysts view this phase as critical, potentially forming a significant bottom around the $0.14 mark for DOGE. In summary, while Dogecoin faces short-term price challenges, the strategic accumulation by whales suggests underlying confidence in its future prospects, potentially setting the stage for a reversal in its price trajectory. Source - newsbtc.com #CryptoTrends2024 #cryptupdates #BinanceSquareTrends

💥💥💥 #Dogecoin‬⁩ Sees Monumental Surge In Transactions As Whales🐳🐳🐳 Spend $129 Million

Dogecoin faces a pivotal moment in its price trajectory, driven by recent whale activity amid a significant decline in the past week. Despite the downturn, large holders have opportunistically accumulated substantial amounts of DOGE. Santiment data shows addresses holding between 10 million & 100 million Dogecoins acquired over $129 million worth of DOGE in the last seven days.

Whale Accumulation Signals Confidence


- During this period, whale addresses have increased their holdings by over 900 million tokens, indicating a strong belief in DOGE despite its recent price struggles. Consequently, the combined holdings of these whale wallets now total approximately 18 billion tokens, marking a 5% increase from previous levels.


- Whale accumulation usually coincides with price stability and growth, but the current phase is unique as it aligns with a price decline, indicating a strategic shift in their behavior. IntoTheBlock data shows a sharp increase in $DOGE transactions & trading volume, with over 9.29 billion DOGE tokens traded in the last 24 hours, highlighting active trader participation.

Impact of Whale Transactions on Price Dynamics

- Dogecoin's market behavior is heavily influenced by sentiment, particularly driven by large investors or "whales." Their buying activity can trigger bullish momentum & stimulate demand among traders. Recent whale accumulation suggests a potential catalyst for renewed bullish sentiment. Currently trading at $0.1367, DOGE has seen an 11.29% decline over the past week, with a slower 0.6% loss in the last 24 hours. Analysts view this phase as critical, potentially forming a significant bottom around the $0.14 mark for DOGE.

In summary, while Dogecoin faces short-term price challenges, the strategic accumulation by whales suggests underlying confidence in its future prospects, potentially setting the stage for a reversal in its price trajectory.

Source - newsbtc.com

#CryptoTrends2024 #cryptupdates #BinanceSquareTrends

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💥💥💥 #shibaInu ($SHIB ) Jumps 4.28% in Unusual Price Recovery Stunt Shiba Inu (SHIB) is currently spearheading the #memecoin🚀🚀🚀 resurgence, having surged by 4.28% in the past 24 hours to $0.0000187, according to CoinMarketCap. This marks the coin's first significant price increase since June 7, indicating that its worst days may be behind it. Shiba Inu Metrics on the Rise - As Shiba Inu gains bullish momentum, various ecosystem metrics are also showing positive trends. The SHIB burn rate has seen a 44.67% increase, with a total of 17,259,834 SHIB sent to burn addresses. Additionally, whale transactions, tracked by IntoTheBlock, have jumped by 45.81% in 24 hours, reaching $139.36 million. This increase in whale accumulation is crucial for Shiba Inu's overall market health. Can SHIB Surpass the $0.00002 Resistance? - With these encouraging metrics, the Shiba Inu community is optimistic about the coin flipping the $0.00002 resistance level to establish it as a new support in the short term. The coin dipped below this level on June 17, part of a 24.7% decline over the past month. Overcoming this resistance could help SHIB recover more of its lost value in the near future. Leveraging Shiba Inu's Strengths - Shiba Inu has positioned itself as a bridge between meme coins and more traditional assets in terms of gains. While it can be highly volatile, it also shows resilience at times, a dual quality that could allow it to decouple from Bitcoin's influence in the long term, similar to XRP. The Shibarium utility boost and other native Shiba Inu metrics further drive demand for the token, enhancing its appeal. Overall, Shiba Inu's recent performance and metrics suggest a potentially positive outlook, with the possibility of reclaiming key resistance levels and driving future gains. Source - u.today #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
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👉👉👉 What is zero-knowledge proofs? Understanding our digital shields Zero-Knowledge Proofs (ZKPs) are pivotal in safeguarding online identities, particularly within Web3, using cryptographic protocols to verify statements without divulging sensitive data. Originating from the 1980s, ZKPs by Goldwasser, Micali, and Rackoff underpin digital privacy in transactions and communications, extending into physical asset verification. In Web3, ZKPs uphold privacy in financial transactions by proving asset ownership without exposing full financial histories. They also secure identity verification across multiple chains, mitigating identity theft risks. In physical transactions like real estate or art, ZKPs authenticate ownership or attributes without disclosing personal details, enhancing trust and privacy. They also benefit healthcare by protecting sensitive information, such as verifying student disabilities while preserving privacy. ZKPs empower Web3 projects by enabling fair voting and token distribution without revealing identities, fostering democratic processes and preventing fraud. As ZKPs gain adoption across industries, they promise to fortify digital interactions against data breaches and identity theft, becoming essential in the Web3 ecosystem. Source - cryptobriefing.com #CryptoNews🔒📰🚫 #BinanceSquareTalks #Web3
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💥💥💥 Bitcoin ‘#Banana Zone’ is next if these 3 indicators play out Bitcoin is poised to enter the "Banana Zone," a phase characterized by potentially significant price increases, according to Julien Bittel from Global Macro Investor (GMI). This transition, coined by GMI founder Raoul Pal, signals a period of anticipated bullish momentum. However, analysts caution that several critical trends must reverse for a sustainable recovery: 1. Bitcoin Miner Selling: IT Tech from CryptoQuant highlights the need for decreased miner selling. Mining revenue has declined sharply since Bitcoin's peak at $73,679 in March, contributing to upward selling pressure. 2. Stablecoin Inflows: The absence of new #stablecoin issuances has reduced liquidity. Over two months, stablecoins held in exchange reserves dropped by nearly 10%, totaling $21.96 billion, impacting price stability. 3. Outflows from Spot #BitcoinETFs : Significant outflows from ETFs like Fidelity and Grayscale exacerbate selling pressure. Recent reports show substantial outflows, including $83.1 million from Fidelity and $62.3 million from Grayscale on June 18. Bitcoin's current trading price is $64,966, reflecting a 2.35% decline over the past month and a 12% drop from its March peak of $73,679. Altcoins like Solana ($SOL ), Dogecoin ($DOGE ), and Shiba Inu ($SHIB ) have faced steeper losses recently, declining 8.23%, 11.67%, and 16.31% respectively over the past week. While Bittel characterizes Bitcoin's recent price action as stagnant, suggesting a period of sideways movement, traders like Rekt Capital anticipate a potential price reversal with a break of the current downtrend line observed throughout June. Source - cointelegraph.com #CryptoTrends2024 #BinanceSquareTalks
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👉👉👉 Trader #JasonPizzino Says Solana and One Additional Altcoin Will Be First To Break Out Into New Highs This Year A well-regarded analyst predicts that altcoins demonstrating relative strength during the recent crypto downturn will be the first to reach new highs this year. Jason Pizzino, addressing his 108,800 followers on X, states that he is monitoring altcoins displaying bullish higher low setups. “Strong #Altcoins👀🚀 continue to hold their higher lows. If they maintain these levels, they will be the first to break out into new, fresh highs and/or all-time highs in the second half of 2024.” In a recent video update, Pizzino shared a list of altcoins that are performing better amid the market correction, highlighting two in particular. “I’ve got some stronger stuff… #Solana⁩ is definitely one of those… Pendle is also holding above its 50% retracement level, showing a reasonable weekly close above $5.60.” Pizzino suggests that the current decline in altcoin prices provides a prime opportunity for long-term investors to accumulate promising projects in anticipation of a rally later this year. He emphasizes that although deep drawdowns have occurred in the past, resilient altcoins typically experience substantial gains once market conditions improve. “It’s happened before. We got there in the end. Solana, I think, is a great one. If you don’t believe, look back at some of these charts that dropped 80% over four to six months… and then see how they have surged since then. And that surge can last quite a while.” Source - cointelegraph.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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