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Even though Dogwifhat's (WIF) value took a nosedive recently, a trader going by the name Ponzi Trader thinks the meme-based cryptocurrency's price will go up. Breaking through the $3.5 support level, which digital asset trader Jack Skipp deemed critical, WIF's price has dropped 11% to $3.34 in the last day. If he is correct, removing this barrier will cause the token's value to plummet, which would be disastrous. $WIF



Even though Dogwifhat's (WIF) value took a nosedive recently, a trader going by the name Ponzi Trader thinks the meme-based cryptocurrency's price will go up.



Breaking through the $3.5 support level, which digital asset trader Jack Skipp deemed critical, WIF's price has dropped 11% to $3.34 in the last day. If he is correct, removing this barrier will cause the token's value to plummet, which would be disastrous.


$WIF

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Beacon Chain, a blockchain developed for staking and governance, is scheduled to close in June, which is one of the major events for BNB in May. This was only a temporary decision, and now it's over. The DEX module and all other features of Beacon Chain will be moved to Binance Smart Chain. Moving assets from one network to another is a must for anyone concerned about asset loss. This is also relevant when it comes to reassigning BNB tasks. Binance Smart Chain had received over 95% of staked tokens by May's end. More people may be interested in purchasing Binance Coin if this new feature is introduced. For the most part, BNB is still a success. Since the FTX cryptocurrency exchange collapsed in November 2022, just eight altcoins have managed to surpass Bitcoin's all-time highs. Among these is Binance's native coin. $BNB
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The analysts at CryptoQuant made a fascinating observation. Many long-term holders started selling their BTC holdings as the price of Bitcoin rose, they noticed. The sell-off ended and accumulation resumed after Bitcoin's price fell to $56,500 in early May. This shows confidence in the future of the cryptocurrency with the largest market cap. According to CryptoQuant, over half of all Bitcoin in circulation went untouched for the last 12 months, despite having been mined or purchased. $BTC
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