New game 🎮 on Telegram like Not coin🤑.

Don't forget, you're sowing your CEXP seeds daily, right?

4 hours fly by quick, so don't miss out on claiming your CEXP farm harvests.

Our CEX.IO Power Tap mini-game just landed on Telegram!

+ Farm CEXP tokens, dominate $ challenges, and score insane loot.

Let the adventure begin!

FOR Register : Put this link on google browser.

https://t.me/cexio_tap_bot?start=1716839327971849

Our CEX.IO Power Tap mini-game just landed on Telegram!

🤑 Farm tokens, dominate challenges, and score insane loot.

🚀 Let the adventure begin! 🚀

Ethereum ETF Funds Drive Bitcoin and Ethereum Prices Higher.

Developments in Ethereum ETF funds triggered a rise in Bitcoin and Ethereum prices, and notable developments continue to occur in this process. Accordingly, the monthly trading volumes of Chicago Exchange options related to Ethereum futures reached an all-time high this month. What can be expected for Ethereum in the upcoming period? Let's examine it together.

New Record on the Ethereum Front.

According to data from the blockchain data analysis platform The Block Data Dashboard, the trading volume of options related to Ethereum futures on CME reached $1.26 billion in May, two days before the end of the month. This development represents a significant increase compared to the $615.75 million volume in April and reaches a record level in terms of monthly trading volume.

According to the Wintermute market update on May 29, the amount of outstanding Ethereum futures contracts on CME is approaching its highest level ever. Wintermute analysts suggested that this increase in open positions indicates that institutional investors are increasingly interested in Ethereum transactions instead of Bitcoin, with the expectation that spot Ethereum ETF funds will be launched soon, and experts shared the following statements:

"Ethereum's CME open position is approaching all-time highs, indicating institutional interest in the ETH/BTC pair ahead of S-1 filings and the final launch.”

Notable Statement from Analysts.

According to Wintermute analysts, Ethereum's implied volatility, which measures market expectations for future volatility over specific time periods based on option prices, has seen a significant increase due to rising expectations of significant price movements, and analysts shared the following statements:

"Significant increases were observed in 1-week, 1-month, 3- month, and 6-month at-the- money (ATM) implied volatilities."

According to Tradingview data, Ethereum's price dropped by over 2.2% in the last 24 hours and was trading at $3,794 at the time of writing.

Cardano (ADA) Makes Epic Top 10 Comeback, Leaving SHIB and TON in Dust.

The popular cryptocurrency Cardano (ADA) has reentered the top 10 crypto assets by market capitalization in what may be considered a story of stability and anomaly.

Thus, according to data from CoinMarketCap, Cardano, with a capitalization of $16.44 billion, took ninth place in the top ten, followed by Shiba Inu (SHIB), with a capitalization of $16.13 billion, in tenth place, and then Toncoin (TON), with an estimated market capitalization of $15.65 billion.

It is noteworthy that a few hours earlier, Cardano token had relinquished its position in the top 10, when Shiba Inu (SHIB) overtook ADA amid a surge in cryptocurrency meme prices and a decline in the price of Cardano token.

Meanwhile, TON was already ranked in the
top 10 when its market capitalization was
reduced from $22.65 billion to $15.66
billion, with no fluctuation in price. The reason for the adjustment of TON's figure is unclear.

However, it is evident that this had a positive impact on Cardano. In contrast, the situation with SHIB is more straightforward. Here, the price of the Shiba Inu token experienced a decline, resulting in a drop in its ranking.

It is curious to note that, despite the apparent lack of interest in the ADA token and the assertion that it is an unnecessary "ghost chain," the Cardano token continues to occupy a position of prominence within the cryptocurrency landscape.

Its resilience, even at current price levels, is sufficient to place it as the ninth largest cryptocurrency on the market, with an estimated capitalization of several trillion dollars.

Shiba Inu (SHIB) Pens Open Challenge to PEPE.

Shiba Inu (SHIB) is riding high on its bullish momentum as meme coins across the board see an increase in market performance. The dog-themed meme coin currently holds the leading position in recent gains, with PEPE trailing behind.

Shiba Inu's playful taunt.

In a recent post on SHIB's official X handle, Shiba Inu humorously dismissed potential challengers, asserting its dominance and suggesting that competitors can vie for second place. SHIB stated:

Industry stakeholders consider the mention of "amphibians" a lighthearted jab at PEPE, indicating SHIB's confidence in holding its top position amid growing competition.

Interestingly, the post was a reply to an earlier one by Poloniex Exchange, asking users whether their preferred meme coin is PEPE or SHIB.

SHIB's market performance vs. PEPE

Notably, Shiba Inu's market performance has captivated the broader crypto market after a 12.7% spike that saw it dethrone Cardano from the elite top 10. This sparked optimism in the SHIB ecosystem that Shiba Inu appears ready to clear one zero from its price with its growth rate.

According to CoinMarketCap data, Shiba Inu is currently priced at $0.00002708, up 5.56% in the past 24 hours. The price rally saw the comeback of enigmatic SHIB lead developer Shytoshi Kusama return to social media with a cryptic bullish post on X after his silence for about a week.

Meanwhile, PEPE witnessed a massive surge in its valuation, setting it up for a potential sell-off by market whales. However, despite soaring by 2.15% to $0.00001654, backed by a more than 75% surge in the trailing seven-day period, it was not enough to earn it first place, held by Dogecoin, and second place, held by SHIB.

Regardless, members of the frog-themed meme coin community are optimistic about further growth and are determined to make the best of a bullish market.

XRP Price Prediction for May 29.

XRP/USD.

The price of XRP has dropped by 0.28% over the last 24 hours.

On the hourly chart, the rate of XRP is trying to return to the local resistance level of $0.5325. If buyers manage to do that, there is a chance to expect a breakout to the $0.54 zone.

On the bigger time frame, the situation is almost unchanged as none of the sides has seized the initiative yet.

In this case, ongoing sideways trading in the zone of $0.52-$0.54 is the more likely scenario until the end of the week.

From the midterm point of view, the rate of XRP is far from the support and resistance levels. At the moment, one should pay attention to the interim level of $0.55. If the candle fixes above it, the rise may continue to the $0.5714 mark.

XRP is trading at $0.5293 at press time.

Bitcoin (BTC) Price Prediction for May 29.

BTC/USD.

The price of Bitcoin (BTC) has remained unchanged over the last day.

The rate of BTC is rather bearish as it is near the local support level of $67,556. If buyers cannot seize the initiative until the end of the day, the accumulated energy might be enough for a breakout, followed by a move to $67,000.

On the bigger time frame, the price of the main crypto keeps falling. At the moment, one should focus on yesterday's bar's low.

If buyers lose the $67,000 mark, traders are likely to see a test of the $66,000 zone.

From the midterm point of view, the situation is also bearish. If the decline continues, there is a possibility to see an ongoing correction to $65,000.

Bitcoin is trading at $67,610 at press time.

$1 Million Bitcoin (BTC) Is Matter of Time, Believes Samson Mow.

Samson Mow, a notable industry figure and proponent of Bitcoin, has once again expressed his bullish view on the main cryptocurrency, predicting a future where BTC price reaches $1 million. Mow, who frequently shares his optimistic views on social media, emphasized that the question is not if Bitcoin will hit this milestone, but when.

Mow, the CEO of JAN3, a company dedicated to accelerating Bitcoin adoption through infrastructure development and financial services, has consistently shared positive predictions about its future. He bases his predictions on the current Bitcoin supply and demand dynamics, emphasizing that the demand for cryptocurrency far exceeds its available supply.

One of the key factors Mow emphasizes is the role of spot bitcoin ETFs. These financial instruments, which allow investors to access BTC without directly owning the asset through the traditional markets.

According to the latest data, Bitcoin ETFs currently hold more than one million Bitcoin, which is approximately 5% of the total amount of the circulating supply. In addition to ETFs, Mow also highlighted the substantial inflow of Bitcoin into exchanges as another indicator of robust demand.

Even if his main theory does not prove to be accurate, Mow notes the importance of the "Veblen effect" in the case of Bitcoin. The Veblen effect is a phenomenon whereby the demand for a commodity increases as its price increases, which is contrary to standard economic theory. This effect suggests that rising prices can spark interest and investment in BTC.

Currently, the price of Bitcoin is hovering around $68,000, a decline of slightly more than 0.6% since the beginning of the day. Despite this decline, the cryptocurrency is still close to its all-time high of $74,000.

Robinhood Europe's PEPE Giveaway Goes Live.

Robinhood Crypto Europe, a subsidiary of Robinhood in the EU, has announced an exciting giveaway campaign for its users, involving PEPE tokens. In December 2023, Robinhood launched its crypto service in the European Union, allowing users to buy and sell a range of digital currencies.

In a tweet, Robinhood Crypto Europe stated that it was launching a PEPE airdrop. Users must sign up for an authorized application to qualify for an airdrop of 500,000 PEPE. The promotion begins today, May 29, and runs until June 2.

PEPE, an ERC20 token on the Ethereum network, was launched in April 2023 as a tribute to the iconic Pepe the Frog, which gained immense popularity in the 2000s. With a maximum supply of 420.69 trillion tokens, PEPE has quickly become a favorite among meme coin collectors.

PEPE was a top beneficiary in the most recent Ethereum ETF approval-induced price rally, reaching all-time highs of $0.00001718 on May 27. PEPE subsequently entered the top 20 cryptocurrencies by market capitalization, becoming the 20th largest with a market worth of $6.35 billion.

At the time of writing, PEPE was down 7.93% in the last 24 hours to $0.00001509 as investors took profits.

As stated in an official blog post, new customers in select jurisdictions who have never had a Robinhood Crypto account before, and apply for and are approved for a Robinhood Europe account between May 29 and June 2, are eligible for the airdrop.

Eligible customers, referring to new customers who meet the criteria and who Robinhood Crypto contacts directly about the offer during the period, will receive a one-time reward of 500,000 PEPE. The reward amounts will be distributed within the first week following the completion of the Offer Period.

Amid the giveaway's excitement, crypto investors should be vigilant, as bad actors might want to leverage this opportunity to defraud unsuspecting holders.

84% of Dogecoin (DOGE) Holders in Profit as Price Eyes Further Gains.

According to recent data from blockchain analytics firm Into TheBlock, a significant 84% of Dogecoin (DOGE) holders are currently in profit at the prevailing market prices. This marks positive sentiment for the popular meme coin and highlights the bullish momentum that has been building over the past month.

As of the latest market data, the price of Dogecoin stands at $0.1638. Despite a minor decline of 0.80% over the past 24 hours, the cryptocurrency has exhibited a robust 16.09% increase over the last 30 days. This upward trend shows the growing confidence among investors and the potential for further gains.

Technical indicators signal bullish sentiment.

The technical indicators for DOGE also point to a bullish outlook. The cryptocurrency is currently trading above its 200-day Simple Moving Average (SMA) and Exponential Moving Average (EMA), which are key indicators used by traders to gauge long-term trends. Trading above these averages typically signals a strong uptrend and continued positive momentum.

Additionally, the Relative Strength Index (RSI) for Dogecoin is currently at 53.24. The RSI is a momentum oscillator that measures the speed and change of price movements, with readings above 50 generally indicating a bullish market. A current RSI above the 50 mark suggests that there is still room for upward movement before the asset becomes overbought.

Investor sentiment and market outlook.

The positive sentiment among Dogecoin holders is reflective of the broader optimism on the cryptocurrency market. As more investors seek to diversify their portfolios and explore alternative digital assets, Dogecoin remains a popular choice due to its community-driven approach and widespread recognition.

Market analysts suggest that if Dogecoin can maintain its current momentum and continue trading above key technical levels, it may see further price appreciation in the near term.

Major SHIB Celebrity Warning Issued by Meme Coin Team.

A prominent representative of the Shiba Inu team, its marketing lead Lucie, has issued a crucial warning to the SHIB community.

Lucie's tweet is called "crypto and celebrities," and it discussed the major issue of celebrities beginning their own cryptocurrency projects and offering the community to invest in them.

"Crypto and celebrities" SHIB warning.

Lucie tweeted that while being a fan of various musicians and celebrities from show business, she was still stunned when they took a step toward the crypto space. Lucie shared that she had "an interesting chat with a friend" and then read a few posts on X. That made her feel that it was a good idea to step back, calm down and take a deep breath.

The SHIB marketing expert pointed out that while it is "exciting to see familiar faces in the crypto space," the SHIB army should be very careful and remember that not all business ventures of celebrities within the crypto space are trustworthy. "Some have a history of questionable behavior," she added.

Lucie made a point to emphasize that it is vitally important for the SHIB community to "stay wide and vigilant," while remaining open and welcoming to these "new entrants" to the crypto space with their projects. It is important to DYOR, she stated, DYOR meaning "do your own research" a popular acronym within the crypto community.

The SHIB marketing lead also reminded her X audience that "memes can be fun, but they can also go bad quickly," and she recommended investing only what they can afford to lose.

Shytoshi Kusama makes comeback on X.

Shiba Inu lead developer Shytoshi Kusama has returned after a week's absence to the X social media platform to support the SHIB community's enthusiasm. He published two bullish tweets, addressing the current state of the cryptocurrency market.

Last week, Kusama congratulated "SHIB frens at Ethereum" on the preliminary approval of spot Ethereum ETFs, raising speculation on how this could impact the future of SHIB - whether it would just "pave the way for SHIB"

PEPE Token Shows Significant Growth in May.

After a 136% increase in May, PEPE price is currently around $0.00001632. The popular meme token has shown impressive gains throughout the month and reached an all-time high of $0.00001718 just two days ago. Additionally, PEPE has secured a spot among the top 20 cryptocurrencies by market capitalization.

Comparison Between PEPE and MATIC.

At the time of writing, the Pepe token ranks
19th with a market cap of $6,858,900,630,
competing closely with Polygon, which
ranks 18th with a market cap of
$7,296,410,542. Despite being a low-value meme token, PEPE has provided significant gains to its investors. Since its journey began a year ago, it has become one of the most preferred cryptocurrencies.
Based on this and many technical factors, the ongoing PEPE price increase could potentially surpass Polygon.

In a one-month period, PEPE's market cap has doubled from the beginning of the month. PEPE started its rise on May 1st with a market cap of $2.60 billion and increased to $7.34 billion yesterday. With this growth, PEPE's market cap is getting very close to Polygon's, and overtaking Polygon might not be too difficult for PEPE under this growth.

Significant Performance from PEPE.

At the very beginning of the 27th, PEΡΕ almost touched Polygon's market сар, rising to $7.13 billion. Polygon, on the other hand, was at the $7.15 billion level. Due to the continuous activity of this meme token, PEPE's price is constantly increasing. However, Polygon has slowed down for a while, limiting its demand in the market.

Currently, PEPE's trading volume is $1.9 billion, while Polygon's is only at $330 million. The same difference was felt throughout the month. This could indicate that the demand for PEPE is higher compared to Polygon. Looking only at May statistics, PEPE's price jumped from $0.00000612 to $0.00001632, achieving a 136% gain.

Ripple CTO to Reveal Ripple's Crucial Upcoming Product at Consensus2024.

David Schwartz, Ripple's chief technology
officer (CTO) and one of the XRP Ledger
founders, has taken to his official account
on the X platform to make an
announcement about his appearance at
the approaching Consensus2024 event
organized by CoinDesk annually and the
subject he intends to discuss on stage.

Here's which Ripple product Schwartz plans to discuss.

In his tweet, Schwartz teased that in his speech during the above-mentioned crypto event, he intends to unveil Ripple's vision and roadmap for institutional DeFi on XRP Ledger. He did not share any more details but only mentioned that he will be discussing this topic together with Phil Kwok, a cofounder of the EasyA app.

A recent tweet published by Ripple Labs also announces their talk, stating that these two respectable gentlemen will be discussing "multichain interoperability, EVM programmability, RWA tokenization, and more."

"Institutional DeFi" is the next iteration of decentralized finance (DeFi) aimed, as is clear from the title, at financial institutions - it brings together innovations of average DeFi protocols and the stability and safeguards of the traditional finance industry. It has "the potential for growth and transformative impact," as stated in a report by J.P. Morgan. J.P. Morgan is the banking giant that offers its customers cryptocurrency exposure even while its chief executive Jamie Dimon remains one of the strongest long-term Bitcoin critics.

Here's how much XRP Ripple CТО holds.

earlier, David Schwartz put an end to various speculations among the X crypto community as to the size of his crypto holdings and as to what his crypto portfolio consists of.

The Ripple CTO tweeted that, at his peak holding, he possessed approximately 26 million XRP. He confessed that he sold Bitcoin to buy more XRP and also Ethereum. However, Schwartz patriotically stated that he has never sold any XRP to buy any other crypto, except perhaps selling it for "some unusual purposes."

Meme coins With Potential To Earn You 100X Quick Gains In June 2024.

The meme coin frenzy has been the
buzz of the crypto community this
bull season. Ethereum meme coins.

Among these, Baby Trump (BSC), MongCoin ($MONG), and STRUMP (Super Trump) are showing promising potential for massive gains in June 2024.

Baby Trump (BSC) – BABYTRUMP.

Baby Trump (BSC) stands out as a meme coin that has shown impressive growth. With a price of $0.01521, it has increased by 62.77% in just one day and a remarkable 214.39% in the last week. Over the past month, its value has surged by 347.54%.
BABYTRUMP is ranked 1360th with a market capitalization of $6.21 million, with $1.2 million traded in the last 24 hours. Significantly, the coin reached its highest point ever today, reaching $0.01653. The quick increase in Baby Trump's popularity indicates high interest from investors and the possibility for more profits.

MongCoin ($MONG)

MongCoin (MONG) is another memecoin that's making waves. Currently priced at a fraction of a cent, $0.0...03865, it has gained 27.12% in the last 24 hours and has seen a staggering 146.57% increase over the past week. Over the past month, MONG has climbed by 166.71%. Its market cap is $22.47 million, placing it at 896th, with a 24-hour trading volume of $9.17 million. These figures highlight the strong trading activity and investor confidence in the Ethereum meme coin, indicating it as a potential candidate for exponential gains.

Super Trump (STRUMP).

Super Trump (STRUMP) is making a notable impact in the meme coin market. With a current price of $0.01068, it has experienced a tremendous 146.52% increase in the past day, mirroring its growth over the past week at 146.07%, and it has risen by 150.46% in the last month. STRUMP's market cap stands at $19.13 million, ranking it 942nd, with a 24- hour trading volume of $16.89 million.

8.3 Trillion Shiba Inu in 24 Hours, SHIB Eyes Erasing One Zero.

Shiba Inu (SHIB) has intrigued the broader market today after surpassing Cardano (ADA) in market capitalization amid a 12.7% surge in the past 24 hours to $0.00002799. While this might seem like a major feat considering the earlier plan was just to displace Avalanche, SHIB metrics have proven it has more stunts to pull.

At the time of writing, the SHIB trading volume has jumped by more than 139% to $2,384,774,823 overnight. At this volume, a total of 8.3 trillion SHIB had been traded in the past 24 hours, setting the meme coin up for more growth ahead.

Shiba Inu has maintained relatively bearish growth for the better part of this month. After falling as low as $0.00002071 over the past month, the current growth is a major validation that investors' interest in Shiba Inu is not waning anytime soon. With the resurgence to its highest level since mid-April, Shiba Inu is now eyeing erasing one zero in the immediate future.

Some of the ecosystem fundamentals in the past few weeks that helped SHIB blow past its key rivals will also play a major role in determining how high it will go. With the consistency in Shiba Inu burning, the mildly growing supply crunch will always impact sentiments and drive higher price valuation overall.

Also, the community hype riding on cryptictexts from lead developer Shytoshi Kusama and the anticipation of the next major utility to introduce comes off as a crucial selling point for SHIB. With the market now gradually decoupling from Bitcoin in the wake of spot Ethereum ETF approvals, Shiba Inu, as a native ETH token, also stands to benefit from the massive liquidity injection anticipated in the near future.

Other factors like Shibarium utility and SHIB whale transactions might also contribute to the token erasing one zero soon.

SHIB Price Prediction for May 28.

SHIB/USD.

The rate of SHIB is almost unchanged since yesterday.

On the hourly chart, the price of SHIB might have found a local resistance level of $0.00002622. However, one should pay attention to the daily closure.

If it happens far from that mark, there is a chance to see a correction to $0.000025.

On the daily time frame, the situation remains unclear. The rate of SHIB keeps accumulating energy for a further sharp move. In this case, traders are unlikely to see ups or downs right away.

From the midterm point of view, one should focus on the weekly bar in terms of the previous candle peak. If it happens above $0.00002686, the upward move may lead to the test of the resistance of $0.00002820 shortly.

SHIB is trading at $0.00002656 at press time.

FLOKI Dusts DOGE, SHIBВ, PEPE as TVL Hits $820 Million.

The Floki meme coin recently hit a major milestone, with Total Value Locked (TVL) reaching $820 million. As a result, top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepecoin (PEPE) are now far behind FLOKI with respect to their total TVL.

FLOKI shines bright.

As revealed by the team, FLOKI's $820 million TVL represents an all-time high (ATH) and the highest of any meme coin in the industry. Note that TVL represents the total value of an asset locked or staked in a particular protocol. A project with a higher TVL value is considered to be more successful and viable than one with a lower value.

For FLOKI, the $820 million TVL was achieved from Floki Staking and FlokiFi Locker. The former accounts for over $700 million, while the latter is over $120 million.

With this impressive accomplishment, it can be deduced that a lot of investors find FLOKI interesting and are thus flocking into the ecosystem. If this move continues, it would only take a short time for Floki to achieve its vision of becoming the world's most known and most used cryptocurrency.

In the last 24 hours, the price of FLOKI has increased by 4.3% to $0.000298. The market cap and trading volume also increased by 4.8% and 40% to $2.8 billion and $1.3 billion, respectively.

Recent developments in Floki ecosystem.

Following the announcement of Floki's recent achievement, the team said Floki Staking Launchpad v2.0 is now live for users. According to Floki, all users who register in the next 48 hours stand a chance of earning a 3.5 times APR staking multiplier bonus.

This comes only a day after Floki announced the launch of its own trading bot. The platform said 50% of all fees generated through the bot will programmatically buy and burn FLOKI to enhance its utility.

Pepe Coin Price Analysis: 20% Correction Looms Amid Declining Volume.

Pepe Coin Price Analysis: PEPE coin sees a 300% rise over six weeks, driven by an ascending trendline. Despite weakening momentum with Bitcoin's consolidation above $65K, PEPE's trajectory shows potential.

Pepe Coin Price Analysis: The fourth week of May has been notably bullish for Pepe coin, which saw its price surge from $0.00009 to $0.000016, marking a 79% increase. This rally was primarily driven by the recent approval of spot Ethereum and Bitcoin nearing the $70,000 mark. However, this week, PEPE's recovery momentum has slowed, accompanied by decreasing trading volumes, indicating the potential onset of a new correction trend.

PEPE Team Cashes Out $2.28M in Tokens as Price Hits New ATH.

An analysis of the daily time frame
shows that the PEPE coin price has
been riding a steady recovery for the
past six weeks under the influence of
an ascending trendline. The series of
new higher lows indicate an active
accumulation trend which uplifted this
memecoin from $0.00000393 to
$0.000016 recording a 300% jump.

However, with Bitcoin.

consolidating above $65,000 for over a week, the altcoin market has shown signs of weakening bullish momentum. PEPE coin mirrored this trend, evidenced by the formation of short-bodied candles and decreasing trading volume, indicating a potential slowdown in its upward trajectory.

Moreover, the on-chain tracker's Spot On Chain reported notable activity involving the PEPE token. The PEPE development team sold 21.49 billion $PEPE ($355K) on Binance and DEXS after the token's price soared 134% in 30 days to a new ATH. Since late February, the team has sold 282.8 billion $PEPE ($2.28M) at an average price of $0.000008067, often before price drops. Currently, the team holds 2.52 trillion $PEPE ($42.7M).

If the overhead supply intensifies, the PEPE price could plunge around 20% to revisit the aforementioned trendline. Until this dynamic support is intact, the Frog-themed memecoin could prolong the current uptrend.

DOGE Fan Elon Musk Reaches Massive Milestone on X.

An insider from the Dogecoin team, known as DogeDesigner (@cb_doge) on the X social media platform, who keeps track of Elon Musk's interviews, podcasts and public social media data, has noted that Musk has once again become the most followed account on X.

The CEO of Tesla and SpaceX bought this platform in October 2022 for $44 billion. Now, he has the most followed social media account in the world. Elon Musk's army of followers on X has reached the level of 185 million. A lot of the people who follow Musk and are subscribed to his updates are members of the Dogecoin community since Musk is a big fan of the iconic meme cryptocurrency DOGE.

@cb_doge shared his admiration for Musk's ability to engage with his huge fan base on X, even though he is "one of the busiest individuals on the planet."

xAl quickly catches up to OpenAl.

According to a recent tweet published by an Al enthusiast Rowan Cheung, Elon Musk's latest venture, xAl, is already evaluated at 1/3 of OpenAl's value, even though the former is only 15 months old. OpenAl was founded nine years ago with the help of Elon Musk and his personal funds.

xAl has raised $6 billion from leading investors to train new versions of the company's Al bot, Grok, in the recently started B funding series. So far, the 1.5 version has been launched and integrated on the X platform for Premium+ subscribers.

Musk and xAl secure $6 billion funding.

Musk also revealed to investors that xAl plans to build a huge supercomputer using 100,000 Nvidia H100 GPUs. The circle of investors interested in working with xAl includes Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research, Valor Equity Partners and Vy Capital. The post-money evaluation of Musk's company now comprises $24 billion.

Bitcoin (BTC) Eyes Big Move to $75,000 If This Plays Out.

Amid heightened anticipation and market activity, Bitcoin (BTC) tested the critical $72,000 resistance level three times in recent weeks. This repeated attempt to breach the formidable barrier has ignited speculation about the potential for a new all-time high (ATH) if the resistance can be decisively broken.

Bitcoin's recent price action has been characterized by its struggle to break past the $72,000 mark. The $72,000 mark has become a line in the sand for Bitcoin, representing a level of resistance that has been difficult to overcome.

This resistance level has proven to be a significant psychological and technical barrier for traders and investors alike. Each of the three tests of this level was met with strong selling pressure, preventing BTC from making a sustained move higher.

However, should Bitcoin manage to break above this level, it could trigger a short squeeze, potentially catapulting the currency to a new all-time high (ATH) of $75,000.

Market analysts and traders are closely monitoring Bitcoin's price behavior at this resistance level. The repeated tests suggest building momentum that could potentially lead to a breakout. Historically, such persistence often precedes significant price movements, as resistance levels tend to weaken with each successive test.

Bitcoin requires breach of $72,000.

Glassnode cofounders, named Negentropic on X, highlight the significance of BTC testing the $72,000 resistance level thrice. While this remains a formidable barrier, they note that a confirmed break above this key level could push BTC to a new ATH of $75,000.

According to Negentropic, the $72,000-$74,000 range is marked by high supply and selling pressure. A sudden breach here could trigger a short squeeze, propelling BTC to unprecedented heights.

In the very short term, the chances for Bitcoin range trading remain, with prices expected to range between $64,000 and $72,000. This consolidation phase might give altcoins a chance to shine.

Major Solana Meme Coin Dogwifhat (WIF)
Skyrockets 25% in All-Time High Run.

The crypto market's first meme sensation and the largest meme token on Solana, Dogwifhat (WIF), continues to tear up not only the crypto space, but also the news headlines. This time it was due to the phenomenal price action of the meme cryptocurrency, which features an extremely cute Shiba Inu puppy wearing a knit cap.

In less than two days since the beginning of the week, the price of WIF has literally skyrocketed by more than 25%. As a result, the Dogwifhat token has reached $3.75, which is only 30% below its all-time high of $4.88. Given the rate at which the price of WIF can rise in a matter of days, it seems that a new all-time high for the cutest meme cryptocurrency is only a matter of time.

It is funny that in its incredible price growth, Dogwifhat token has surpassed such fundamentally important crypto projects as Arbitrum (ARB) or Cosmos (ATOM) in terms of capitalization and entered the top 30 largest cryptocurrencies by this metric.

WIF's capitalization is now $3.72 billion, and that is for an asset that is just over six months old. WIF is now the fourth largest meme cryptocurrency, behind Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe Coin (PEPE).

Can the top Solana meme token overtake its dog and frog competitors in the race to become the top meme cryptocurrency? We are about to find out.