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Will Polygon Get Back To $1? Or Are Rollblock and DOGE More Likely To Break The Dollar Mark? #MemeWatch2024 #CMEBitcoinSpotTrading #BinanceLaunchpool #buythedip #BTC Polygon has been one of the worst-performing cryptocurrencies over the last year. Its value has plummeted by 20%, and Polygon’s (MATIC) trading volume has crashed as investors lose confidence. With a potential bull run incoming, investors are asking if Polygon will recover or if Dogecoin (DOGE) and Rollblock (RBLK) could be stronger investments. At first glance, Dogecoin and Rollblock appear to be better options, having both seen strong returns over the past month. Polygon Continues To Crash Despite Trading Volume Increases Polygon’s trading activity increased dramatically during the first two weeks of May. Whale transactions were up by 2% and Polygon’s daily trading volume was also rising. However, following a fortnight of disappointing returns, investors are losing confidence in Polygon. Over the last month, Polygon’s price has decreased by 3.07%. This decrease has worsened over the past week, with an additional 1.91% decline while other altcoins have started to rally. With Polygon now trading at $0.6692, experts fear additional decreases could take MATIC as low as $0.60. Dogecoin Breaks Key Resistance Cryptocurrency analyst Kevin recently predicted that Dogecoin needs to break above its $0.153 resistance level to gain any additional momentum. Following a 2.12% increase over the last 24 hours, Dogecoin has broken this level and is now trading at $0.159. This could trigger an additional rally over the next week, pushing Dogecoin up an additional 10%.Over the past 24 hours, Dogecoin’s daily trading volume is up by 10.07%, suggesting that a bullish sentiment could be building around the meme coin. With this in mind, many investors are buying Dogecoin (DOGE) to capitalize on a potential upcoming rally.

Will Polygon Get Back To $1? Or Are Rollblock and DOGE More Likely To Break The Dollar Mark?

#MemeWatch2024 #CMEBitcoinSpotTrading #BinanceLaunchpool #buythedip #BTC Polygon has been one of the worst-performing cryptocurrencies over the last year. Its value has plummeted by 20%, and Polygon’s (MATIC) trading volume has crashed as investors lose confidence. With a potential bull run incoming, investors are asking if Polygon will recover or if Dogecoin (DOGE) and Rollblock (RBLK) could be stronger investments. At first glance, Dogecoin and Rollblock appear to be better options, having both seen strong returns over the past month.

Polygon Continues To Crash Despite Trading Volume Increases

Polygon’s trading activity increased dramatically during the first two weeks of May. Whale transactions were up by 2% and Polygon’s daily trading volume was also rising. However, following a fortnight of disappointing returns, investors are losing confidence in Polygon. Over the last month, Polygon’s price has decreased by 3.07%. This decrease has worsened over the past week, with an additional 1.91% decline while other altcoins have started to rally. With Polygon now trading at $0.6692, experts fear additional decreases could take MATIC as low as $0.60.

Dogecoin Breaks Key Resistance

Cryptocurrency analyst Kevin recently predicted that Dogecoin needs to break above its $0.153 resistance level to gain any additional momentum. Following a 2.12% increase over the last 24 hours, Dogecoin has broken this level and is now trading at $0.159. This could trigger an additional rally over the next week, pushing Dogecoin up an additional 10%.Over the past 24 hours, Dogecoin’s daily trading volume is up by 10.07%, suggesting that a bullish sentiment could be building around the meme coin. With this in mind, many investors are buying Dogecoin (DOGE) to capitalize on a potential upcoming rally.

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FLOKI beats WIF in market cap: Where will the memecoins head next ? #TopCoinsJune2024 #EarnFreeCrypto2024 #altcoins #BTC #bitcoin Floki Inu outperformed Dogwifhat in terms of market cap. In terms of popularity on the social front, Floki took the lead.Meme coins Floki Inu [FLOKI] and Dogwifhat [WIF] have been competing for market share for quite some time.WIF is a new entrant in the sector, and per the unwritten rules of the meme coin space, newcomers get all the hype. FLOKI vs. WIF However, in the last 24 hours, FLOKI managed to beat WIF in terms of market cap. There was a significant discrepancy between the price movements of both tokens. In the past week, the price of FLOKI grew by 9.46%, while WIF declined by 18% during the same period. WIF’s price decline occurred after a large period of sideways movement, where its price fluctuated from $4.00 to $2.4794. Based on the current trajectory of the meme coin’s price, it appeared that it could reach those levels yet again before seeing a reversal. The RSI (Relative Strength Index) for WIF fell to 26.54, indicating that it had reached the oversold territory.However, the CMF (Chaikin Money Flow) for WIF declined materially, implying that the money flowing into the WIF token had decreased. Other factors such as social volume and sentiment may also affect WIF. AMBCrypto’s examination of Santiment’s data revealed that the Social Volume for the token had declined significantly in the last few days. This implied that the popularity of this meme coin had waned.Weighted Sentiment for WIF had also fallen, reflecting an uptick in negative comments around the token had surged significantly over the last few days. What about FLOKI? In contrast to this, FLOKI was doing relatively well. Social Volume was on the rise, and Weighted Sentiment was positive, implying more dominance in social media at the time of writing. Despite the positive price movement and popularity seen by FLOKI, there were a few problems that the meme coin faced during this period.
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Memecoin Analysis: Pepe, Bonk, and GME Price Predictions for This Week!! #altcoins #TopCoinsJune2024 #EarnFreeCrypto2024 #bitcoin #BTC June has kicked off an impressive rally for meme coins, with several popular ones drawing significant buyer interest, leading to massive price increases. A notable event was the return of Keith Gill, better known as Roaring Kitty, who sparked a surge in GME memecoin prices. Furthermore, last week saw significant fluctuations in the prices of Pepe and Bonk coins, suggesting potential for further increases in the coming week. Pepe price witnessed intense volatility in the last few days as the price faced a strong rejection around the $0.000015 resistance mark. This pushed the price toward the low of $0.0000116. However, buyers defended that level and the price is currently hovering around $0.00001235, declining over 10% in the last 24 hours. the price above the descending resistance line. Although the $0.000016 may present a challenge, it is expected to be surpassed. the PEPE/USDT pair could target a rally towards the strong resistance at $0.0000173. Conversely, if the bears aim to halt this upward movement, they must rapidly pull the price below the 50-day SMA at $0.0000112. Succeeding this, the pair could decline to $0.00000889 and further down to the crucial support level at $0.00000772. XRP remains close to its moving averages, suggesting minimal aggressive activity from traders. Bonk rejected the $0.000033 level strongly and declined below the immediate Fib channels, resulting in a consolidation around $0.000028. As of writing, Bonk price trades at $0.0000284, surging over 3% in the last 24 hours. a downturn below the support line of $0.000024 could invalidate the bullish pattern, potentially driving the pair down to the $0.000017 support level.The GME price has seen a remarkable recovery, surging from a low of $0.013 toward $0.018. However, bears continue to defend a surge above resistance lines, slowing down the buying momentum. As of writing, GME price trades at $0.017, surging over 10% in the last 24 hours.
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Here’s the Amount of Terra Classic (LUNC) Binance Burned This Month !! #Binance200M #TopCoinsJune2024 #EarnFreeCrypto2024 #altcoins #bitcoin Cryptocurrency exchange Binance continues its regular Terra Classic (LUNC) burns, according to data.Data shows that Binance has burned approximately 1.3 billion LUNC tokens in a total of 3 transactions so far in June. This means that at the time of writing this article, the cryptocurrency exchange has burned approximately 144 thousand dollars of LUNC tokens in total this month. For an altcoin LUNC with a market value of $615 million, this burning amount is not an amount that can affect the price much, and on its chart, the token has lost approximately +10 value in the last week. Approximately half of all Terra Classic token burns to date have been issued by Binance. The value of LUNC tokens burned by the cryptocurrency exchange to date is at the level of 6.4 million dollars. So Binance has burned approximately 1% of the total supply of this altcoin so far. The exchange carries out its largest token burns at the beginning of the month, but small amounts of burns can also be seen on other days. In other words, Binance Terra Classic burns in June may increase slightly.
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Worldcoin Struggle for Stability at $4.5 Amidst Sharp Declines !! #Binance55thProject(IO) #TopCoinsJune2024 #altcoins #BTC #bitcoin Worldcoin (WLD) has recently experienced significant market volatility, marked by a sharp 10.16% drop in price over the last 24 hours. This decline brings the cryptocurrency’s current price to $4.42, as it grapples with fluctuations that have sparked concerns among investors about its short-term stability. The recent decline in Worldcoin‘s price is mirrored by its trading volume, which has seen a substantial increase of 62.7%, amounting to approximately $460,422,643 in the past day. This surge in trading volume suggests a heightened level of activity that could either be indicative of selling pressure or potential accumulation by new investors. Worldcoin’s current market cap stands at roughly $3.579 billion, making it the 29th largest cryptocurrency by market valuation. Despite the downturn, the substantial market cap indicates a significant presence in the crypto market, likely supported by its broad base of operations and technological initiatives. As observed on the price chart, Worldcoin faced a sharp decline from a local high of around $4.93 to its current levels. The chart shows a critical support level at approximately $4.20, which if breached, could lead to further declines. Conversely, resistance lies near the $4.60 mark, a level that needs to be surpassed for confirmation of potential recovery and to regain investor confidence. Investors should closely monitor these levels, as a break below support could lead to increased selling pressure, while a move above resistance might attract more buyers into the market, possibly stabilizing the price and setting the stage for a recovery. In conclusion, while Worldcoin currently faces downward pressure, the increased trading volume and significant market cap suggest that it remains a noteworthy contender in the cryptocurrency space. Investors and traders should keep an eye on the mentioned key levels to gauge the future direction of this digital asset.
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Shiba Inu (SHIB) Open Interest Surges: Is the Price Set for a Remarkable Rally Soon? #Binance55thProject(IO) #TopCoinsJune2024 #altcoins #BTC #bitcoin Shiba Inu’s open interest has surged to over $97 million, indicating renewed investor excitement and potential. Open interest in SHIB is currently 60% from its record high, suggesting a possible significant price rally. Since June 6, SHIB’s total open interest has surged above $97 million across exchanges. The meme cryptocurrency’s open interest hit $97.08 million, one of the largest amounts this year, according to Coinglass data. Given the challenges SHIB has seen lately, this rise is significant.Shiba Inu’s open interest hit a record high of around $136 million in March 2024. But by mid-April, the number had fallen significantly, losing more than half of its original worth. Open interest is currently around 60% from reaching a new record high. If this trend continues, it could have significant implications for the SHIB price. Historically, increases in open interest correlate with price rallies. For example, when SHIB’s open interest peaked in March, the price of the crypto rose accordingly. If open interest reaches an all-time high of $136 million, the SHIB price might set a new annual record if it manages to hit $0.00004. The price of SHIB more than quadrupled in March during a spike in open interest, suggesting a strong correlation between open interest and price performance. Although open interest has been trending upward, there has been a slight lull over the last day, falling by 0.42 percent. At US$0.0000234, SHIB’s price was down 7.4% from the previous week as of the writing of this article. This small setback doesn’t change the positive prognosis for Shiba Inus generally. Shiba Inu’s (SHIB) cryptocurrency future appears promising. A surge in open interest signals growing investor confidence and potential price increases. Nearing record highs, SHIB could see significant rallies if trends continue.
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