Raising a lot of money in the crypto world isn't easy. It takes a solid plan, a great team, and a promising project. The FATTY ecosystem has all of these, and it shows. They raised an impressive $1.5 million in just the first 12 hours of their presale. This big achievement shows how much people believe in FATTY's vision.
FATTY is inspired by the old-school Tamagotchi games, where you care for a virtual pet, but FATTY takes this idea and makes it modern with ways to earn while you play. Adding to their credibility, FATTY partnered with UFC Champion Jiří Procházka and launched a catchy song on Spotify, which you can listen to now
Exciting Plans and Big Thanks to the Community
The #FATTY team isn't stopping after the successful presale, as they have big plans for the future. One of their main goals is to create the FATTY Academy, where people can learn about crypto and gaming. They also plan to open a merch store where fans can buy cool FATTY-branded items.
The FATTY team is grateful for the community's support, which helped them raise $1.5 million in just 12 hours. As such, they are committed to improving the ecosystem. 
By the end of the year, they plan to add more mini-games to the FatBoy Game, making it more fun and engaging. They also plan to improve FatBot with more advanced features, making it a powerful tool for traders.
The FATTY Ecosystem: FatBoy Game and FatBot
The FATTY ecosystem is all about providing a fun and rewarding experience. At its heart is the #FatBoy Game, a new take on the Tamagotchi-style game. In this game, you keep your FatBoy character happy by doing different daily activities, such as brain games, sports challenges, and cooking tasks. 
When you do well in these activities, you earn FATTY tokens, a fun way to make money while playing.
Another important part of the FATTY ecosystem is #FatBot , a tool designed to make trading easier and safer. FatBot offers advanced trading features like block zero sniping, limit orders, and auto-trades. It makes trading more efficient and secure, which is great for serious traders. 
Therefore, if you hold FATTY tokens, you get access to special features in FatBot, like automatic #MEME screening and sniping, giving you an edge over others.
FATTY Tokens and Community Support
FATTY tokens are the core of the ecosystem, giving community members many benefits. These tokens can be used for various things within the ecosystem, like playing the FatBoy game or using the advanced features of FatBot. 
Moreover, the FATTY tokens are more than just digital money; they give you a stake in the project's future and are a way to engage deeply with the community. Thus, investing in FATTY tokens offers several advantages. 
The ecosystem focuses on secure transactions and sustainable ways to earn money, making FATTY tokens valuable assets. Support from big names like UFC Champion Jiří Procházka and the catchy song on Spotify also help boost the project's visibility and credibility.
Buying FATTY tokens during the presale is a smart move for those who want to join the FATTY ecosystem. It's a great chance to get in early and potentially see big returns as the project grows. 
To buy FATTY tokens during the presale, visit the official website, connect your compatible wallet, choose your payment method, select the number of tokens you want, and complete the transaction.
It's easy and straightforward to become part of this exciting project.
By holding FATTY tokens, you can enjoy the innovative features and opportunities within the ecosystem. Whether you're a gamer, trader, or investor, FATTY offers a dynamic and rewarding experience.
Find More About FATTY on FATTY.io
By joining the fun today, you will become a part of something extraordinary!

How do you know your #MEME game is getting your earnings pumped? Well, if they raise almost $1.5 M in the first 12 hours and with the help of its community, almost without any marketing, then you've found your champion!
This is the case with Fatty.io , the latest MEME game within the $FATTY ecosystem. But it is more than a game; it is an immersive journey through fun, excitement, engaging challenges, and a thriving and growing community.
The FATTY Ecosystem
The Fatty.io ecosystem is probably one of the most diverse at the moment, especially if we think of crypto MEMEs andgames. #FATTY is so much more than just FatBoy. Of course, FatBoy has its charm, and nobody can deny it, but the magic happens when you discover how much more you can do once you start playing it. 
#FatBoy is your ticket to the FATTY ecosystem, offering you a fun journey and plenty of earning opportunities. 
#FATBOT allows users to gain a technological advantage over retail by setting up a bot and sniping memes or altcoins from the very first second of trading. The platform offers fast trades, auto sniping, copy trading, trading analysis, buy/sell limits, and, probably most importantly (at least for some users), scam protection and an anti-rug mechanism. Besides, FATBOT is accessible from both desktop and mobile devices, and it developed a bot academy that can help new users set up their first bot. 

The Presale
As we mentioned before, FATTY focuses on making users’ crypto experiences better with each day that passes, encouraging them to take advantage of everything it offers. 
At the moment, FATTY is holding its first token presale event. The presale started on July 4, 2024, and the surprising and heartwarming thing is that the project managed to raise almost $1.5 million of its $1.8 million goal in the first 12 hours of the event. This is living proof of FATTY’s engaged community and the trust it puts into the crypto project.
The presale event will be divided into multiple phases with various prices for the FATTY token, the project.

Discover the World of FatBoy: Everything You Need to Know!
Ever miss those virtual pets like Tamagotchis or The Sims? FatBoy brings back that nostalgia with a modern twist: you can earn money while playing!
This innovative game lets you pick your chubby FatBoy and raise it like a MEME Tamagotchi. Plus, you can earn $FATTY tokens while you play, so double the fun, right?
And the best part? FatBoy is free to play for everyone. You don't need cryptocurrency to join the fun via Web2. But if you're into crypto, come to the Web3 side, as there are ways to earn even more!
Even the UFC Champion, Jiří Procházka, is a big fan of the FatBoy game. Thus, he joined the FatBoy characters in many exciting challenges, promoting the project and having loads of fun! You can watch the trailer on the official YouTube channel.
How to Become a Master FatBoy
Choose Your Perfect Pal;Become a Top Caretaker: Keep your little buddy well-fed, entertained, and smiling to earn $FATTY tokens.Unlock the Fun Factor: Spoil your FatBoy with awesome gear and adorable pets.Join the Mini-Game Mania;Reap the Rewards;
As you can see, the P2E game mechanics are simple, and the more you play and keep your FatBoy happy, the more rewarded you'll be! Choose from a hilarious cast of characters like Fat Don, Fatcz, Fat Kim, and many others, and note that each FatBoy has unique personality traits, levels, and "luck" stats!
Moreover, these quirky companions come in four rarities: Common, Rare, Epic, and Ultra, and each tier offers different gameplay advantages and, of course, crypto-earning potential.
So, are you ready to join the fun? Download the game on your iOS or Android device, and get ready to meet your new best friend.
$FATTY: More Than Just Rewards
Many P2E games focus solely on in-game rewards, neglecting the needs of the entire ecosystem and its community. As such, this often leads to issues with presales, marketing, and long-term sustainability.
However, FatBoy takes a different approach through its innovative blockchain project, prioritizing sustainability, which can be seen in its tokenomics approach.
You could think of it as a well-rounded pizza that is delicious and satisfying for everyone involved.
FATTY Tokenomics

The total supply is 1,000,000,000 and has an initial market cap of $991,000:
41% Presales;7% VC round;5% FatBoy team;12% Liquidity pools;10% Staking; 10% In-game rewards;1% Beta testing;2% Advisors;11% Marketing;1% Initial DEX Offering.
The $FATTY ecosystem includes more beneficial products, such as FatBot, a trading bot, and $FATTY Staking, but more is to come! So, brace yourselves; the FATTY Analytics, Store, and Academy will soon launch!

Over the past 24 hours, Dogecoin has held steady with a 0.41% increase, even as other meme coins faced an average decline of -2.11%. This resilience is underpinned by significant inflows that have bolstered Dogecoin’s recent trajectory.
Despite this positive movement, Dogecoin has experienced a 17.69% loss since last Thursday, reflecting a broader trend seen among other major cryptocurrencies. Over the past month, Dogecoin has fallen by 8.36%, erasing much of its recent progress. However, trading activity remains robust, with Dogecoin’s volume peaking at $1.03 billion in the past 24 hours.
Dogecoin Price Maintains Key Support – Is $1 Dogecoin Coming?
After facing a brief challenge early this morning, Dogecoin has demonstrated strength, notably finding support within a significant multi-year resistance zone between $0.10495 and $0.09150. This level has held firm, propelled by recent inflows and indicating strong bullish sentiment towards Dogecoin.
Supporting this bullish outlook, the relative strength index (RSI) has reclaimed and surpassed the 50 mark, now sitting at 60. This shift towards a bullish stance signals stabilization. Additionally, the 20-day moving average (20DMA) continues its slight uptrend, even as the broader trend, represented by the 200DMA, remains in decline.
With this newfound stability, the question arises: Is $1 the next target for Dogecoin? Given Dogecoin's lack of fundamental value drivers, such a substantial price increase would require significant support. Speculation about potential Dogecoin integration into X’s upcoming payment system is seen as the most credible catalyst. However, this remains a rumor, and official confirmation will be needed to understand its true impact on Dogecoin’s price.
Despite the bullish sentiment, traders should exercise caution in the current bearish market climate, which is driven by fears of a US recession.
$DOGE #Doge🦊 #dogecoin

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Decentralized finance (DeFi) protocol Nexera has taken decisive action by burning 32.5 million NXRA tokens that were stolen in a recent hack. The move, confirmed by blockchain security firm PeckShieldAlert on Thursday, permanently removes these tokens from circulation.
In cryptocurrency, "burning" refers to the process of permanently eliminating a specific number of tokens from the market. This strategy is often employed to reduce the total supply of a cryptocurrency, potentially increasing the value of the remaining tokens.
Nexera Clarifies Hack Impact on Smart Contracts
Following the hack, Nexera conducted a technical investigation and determined that their smart contracts were not compromised. To prevent further exploitation, Nexera swiftly froze the remaining 32.5 million NXRA tokens in the attacker’s wallet, with only $440,000 worth of the stolen tokens being effectively compromised. The project stated that the NXRA burn ensures these tokens cannot be used, traded, or circulated within the market.
The security breach occurred on August 7, resulting in the theft of $1.5 million worth of digital assets, including NXRA tokens. The coordinated attack targeted multiple projects and protocols within the DeFi space. The hacker managed to steal 47 million NXRA tokens, valued at approximately $1.76 million, and began liquidating a portion of them for Ether. Some of the stolen funds were also transferred to the BNB Chain.
Despite the breach, Nexera decided not to issue a new NXRA token, maintaining the existing token address. The attacker had interacted with exploit-related addresses on exchanges like KuCoin and MEXC, prompting these platforms to suspend deposits, withdrawals, and trading of NXRA tokens. Other exchanges were also notified and urged to take similar precautions.
Ongoing Crypto Security Concerns
This incident is part of a troubling trend in the cryptocurrency world, following a similar breach at WazirX, an Indian cryptocurrency exchange, which lost over $230 million to a hacker three weeks prior. This was the second-largest crypto hack of 2024, underscoring the sector's vulnerabilities and the urgent need for robust security measures.
In total, the crypto sector faced significant losses in July, with hackers stealing approximately $266 million through 16 separate breaches. Major victims included algorithmic protocol Compound Finance ($24 million), bridging protocol Li.Fi ($10 million), decentralized AI protocol Bittensor, and liquidity provider Rho Markets, each losing $8 million. In many cases, the stolen funds were moved to the cryptocurrency mixer Tornado Cash, a technique used by hackers to obscure the origin of the funds and evade detection.
In contrast to July, June saw lower losses of $176 million spread across approximately 20 incidents, highlighting a sharp increase in the value of stolen assets in just one month.
Nexera's proactive measures to address the recent hack demonstrate the ongoing efforts required to safeguard digital assets in the ever-evolving landscape of decentralized finance.
#nexera #crypto #hack

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Despite a slight recovery driven by Bitcoin's resurgence, Shiba Inu (SHIB) faces strong resistance at key exponential moving averages (EMAs). To rally again, SHIB needs to re-enter the falling wedge pattern.
SHIB Price Faces Rejection
Recently, SHIB almost reached its yearly lows during a market crash. Although Bitcoin's recovery saw a market-wide upswing, SHIB and other cryptocurrencies may experience an extended downturn in the coming days. Shiba Inu broke down from a falling wedge on August 3, a rare occurrence that signals extreme bearish pressure. Despite a minor recovery, SHIB's price action suggests a potential 16% drop from its current price.
The current trend for Shiba Inu is downward, with the price consistently declining within a falling channel pattern, indicating strong bearish momentum. SHIB found support around $0.000012, with a stronger support level at $0.00001. Immediate resistance exists at the 50-day EMA ($0.00001425) and the 200-day EMA ($0.00001628).
If SHIB fails to re-enter the falling wedge, it may drop 18% to the previous six-month low of $0.00001082. The Relative Strength Index (RSI) is at 47.61, approaching neutral, suggesting the asset is neither overbought nor oversold. The Chaikin Money Flow (CMF) is at 0.03, indicating slightly positive money flow, which could signal early buying interest.
A steady decline in volume during the recent minor upward move indicates bearish volume-price divergence, supporting the continuation of the bearish trend unless there is a significant breakout. If SHIB surpasses $0.00001344, it may re-enter the falling wedge, turning bullish once more. A break above the 50 EMA could lead to a bullish breakout toward $0.00001625 and $0.000018.
On-Chain Risk Analysis for $7.24 Billion Tokens
Data from Coinalyze shows SHIB's open interest dropped 4.54% over the last 24 hours, indicating money flowing out of the Shiba Inu market. This suggests the recent minor uptrend may be ending, with the bear trend likely to continue.
Consequently, over 26,000 Shiba Inu holders are at risk as their 14.29 trillion ($190 million) tokens may soon enter unrealized losses. These tokens will join over 542 trillion ($7.24 billion) tokens that have been underwater for nearly three weeks, according to IntoTheBlock data. If buying pressure and volume increase, it may overturn the current bearish outlook and propel SHIB's price higher.
$SHIB #SHIB #Shibarium

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The recent decline of Pepe coin's price below a crucial long-term support level has raised concerns about its future prospects. Despite its resilience in the current market downturn and its reputation as a strong meme coin, Pepe now faces potential further declines. If it fails to reclaim its support, the outlook for Pepe could be bleak, particularly with a significant amount of tokens at risk of becoming unprofitable if bearish trends continue.
Will Pepe Coin Price Sink Further?
Pepe's recent price action indicates a notable downtrend, characterized by lower highs and lower lows in the 4-hour timeframe. Key support and resistance levels for Pepe include:
Resistance 1 (R1): 50-day exponential moving average (EMA) at $0.00000874Resistance 2 (R2): 200-day EMA at $0.00001033Support 1 (S1): Previous low at $0.000007Support 2 (S2): Psychological zone at $0.000006
If Pepe fails to break above the current resistance levels, it could drop by 21% to $0.000006.
Recent candlestick patterns suggest a bearish continuation, with a potential bear flag formation indicating further downside. The prevailing downtrend implies that Pepe is in a corrective wave pattern, with bearish momentum likely to continue.
Technical Indicators and Market Sentiment
EMAs: The price is below both the 50 EMA ($0.00000878) and the 200 EMA ($0.00001033), indicating strong bearish momentum.Relative Strength Index (RSI): At 47.45, slightly below neutral but not oversold, suggesting room for more downside.Chaikin Money Flow (CMF): At -0.04, indicating modest selling pressure.
A classic bearish divergence is evident as the volume has decreased since August 5, despite an upward price trend, suggesting a possible continuation of the downtrend. However, if Pepe rises above $0.00001031, it may invalidate the bearish thesis and signal a strengthening market, potentially rising to $0.000012 and $0.0000135, marking the next major resistance zones.
On-Chain Metrics and Risk Zones
Coinalyze data reveals a 5.8% decline in Pepe's open interest (OI) in the last 24 hours, down from 9.7% the previous day. This drop in OI, coupled with consolidating prices, signals potential downside for Pepe. Increased selling pressure puts Pepe holders in a challenging position, with 17.28 trillion tokens (out of 241.52 trillion) at risk of falling underwater if bears prevail.
Currently, 57.8% of Pepe holders are in profit. However, a downward shift could reduce this number to 50.6%. If the market turns bearish, over 10 trillion tokens currently near the resistance zone could shift into profitability, impacting the overall holder sentiment.
In summary, Pepe coin's price faces significant challenges with potential for further declines. Investors should closely monitor technical indicators and market sentiment to navigate this volatile period.
$PEPE #pepe

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A significant ruling has emerged from a prolonged legal battle between Ripple and the Securities and Exchange Commission (SEC). A federal judge has ordered Ripple to pay a $125 million fine after determining that the company's institutional sales of XRP violated federal securities laws.
Judicial Ruling on XRP Sales
In her ruling, District Judge Analisa Torres of the Southern District of New York underscored her previous stance that Ripple's programmatic sales of XRP to retail clients via exchanges did not breach federal securities laws. However, she found that Ripple's direct institutional sales did constitute a violation.
Details of the Penalty
The $125 million civil penalty imposed by Judge Torres is significantly lower than the SEC's original demand. The SEC had sought $1 billion in disgorgement and prejudgment interest, alongside a $900 million civil penalty. The fine was levied following Judge Torres's finding that 1,278 institutional sale transactions conducted by Ripple contravened securities law.
Injunction Against Future Violations
In addition to the monetary penalty, Judge Torres issued an injunction preventing Ripple from future violations of federal securities laws. She expressed concerns about Ripple's potential to "cross the line" in the future, justifying the necessity of the injunction. The order mandates that Ripple must file a registration statement if it intends to sell any securities in the future.
Background and SEC Appeal
This ruling follows a July 2023 decision in which Judge Torres concluded that while Ripple's institutional sales violated securities laws, the programmatic sales to retail clients did not. The SEC's attempt to appeal this part of the ruling during the case was unsuccessful.
Following the judgment, the SEC is expected to appeal the July 2023 decision now that the sentence has been imposed. Previously, the SEC and Ripple had settled charges related to CEO Brad Garlinghouse and other executives after an interlocutory appeal was denied.
Market Reaction
The market reacted to the judgment with a slight increase in the price of XRP, which rose by 3 cents, or approximately 2%, after the publication of the judgment.
This ruling marks a significant development in the ongoing legal scrutiny of Ripple and its practices, setting a precedent for how similar cases might be handled in the future.
$XRP #XRP #Ripple

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A potential double-bottom pattern formation near the lower boundary of the Shiba Inu price chart indicates a bullish reversal may be imminent if confirmed. Shiba Inu (SHIB) suffered a steep correction during the August 4 market crash. Despite a subsequent recovery, SHIB struggles to reclaim its previous highs as market sentiment remains cautious. SHIB price dropped by 2.5% on Wednesday, but on-chain metrics signal a bullish trend may be forming. The Shiba Inu chart suggests a possible double-bottom formation that could reverse the current downtrend.
Shiba Inu Price Poised for Breakout
The SHIB price chart currently shows a falling channel, indicating a persistent downward trend. Recently, the price tested the lower boundary of this channel, suggesting a potential short-term reversal or continuation of the downtrend depending on upcoming price action.
Immediate resistance levels include the 50-day EMA at $0.00001718 and the 200-day EMA at $0.00001855, with the latter being more significant due to its long-term relevance. The upper boundary of the descending channel, around $0.000015, also serves as resistance.
Conversely, the lower boundary of the channel, around $0.000011, provides key support. A break below this level could lead to a drop to the next significant support at $0.000008, based on previous consolidation levels.
Recent candlesticks near the lower channel boundary suggest a potential double-bottom pattern, which is a bullish reversal indicator. If confirmed, SHIB could rally to $0.00001855, and if this resistance is surpassed, the price might climb higher to $0.00002748.
Technical Indicators
Relative Strength Index (RSI): Currently at 31.47, near oversold territory, indicating the asset might be undervalued in the short term and potentially poised for a bounce or reversal.Chaikin Money Flow (CMF): At 0.07, indicating a slight positive money flow, suggesting some buying interest is building.
A price breakout above $0.000014 and a close above the 50-day EMA may signal market strength, turning SHIB bullish. The next price target would be around $0.00001855, aligning with the 200-day EMA and the upper boundary of the channel.
On-Chain Analysis Supporting Inbound Rally
Data from Shibarium Scan, the official Shiba Inu Chain explorer, shows that new accounts on the network hit an all-time high on August 6, signaling increasing adoption levels, which typically translate into bullish sentiment for SHIB. According to IntoTheBlock data, SHIB saw an increase in large transactions on August 5, indicating heightened whale activity. Although this spike dropped on August 6, it remains higher compared to the previous week.
Increased whale activity, coupled with rising Shiba Inu prices, signals renewed interest in the asset. This renewed interest could drive a subsequent price increase. An accompanying volume increase would further strengthen the signal for a potential reversal.
Conclusion
Overall, the technical and on-chain metrics indicate a potential bullish reversal for Shiba Inu. Investors and traders should watch for key resistance levels and market conditions to gauge the likelihood of a sustained upward movement. If the bullish patterns hold, SHIB could see significant gains in the near term.
$SHIB #SHIB #Shibarium

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

According to a recent post by Lookonchain, numerous dormant wallets have suddenly become active, transferring a total of 789,533 Ethereum (ETH), valued at approximately $2 billion. These wallets had been inactive for 3.3 years before this unexpected activity.
Source of the Funds
Lookonchain's investigation revealed that these funds originated from the "Plus Token Ponzi 2" wallet. These ETH were initially seized by Chinese police during their crackdown on the PlusToken Ponzi scheme. In 2020, the Plus Token Ponzi 2 wallet distributed Ethereum to thousands of wallets, which have remained inactive until now.
Recent Activity
Activity has resumed in these previously dormant wallets, with thousands of ETH transfers being made. Lookonchain reported, "Hundreds of wallets that have been dormant for 3.3 years are moving large amounts of $ETH , possibly 789,533 ETH ($2 billion worth)! We noticed that hundreds of dormant addresses were transferring ETH."
On-chain monitoring confirmed that these funds are indeed linked to the Plus Token Ponzi 2 wallet. The Ethereum transfers from these wallets began approximately three hours ago.
Background on Plus Token Ponzi Scheme
The Plus Token Ponzi scheme was a major fraudulent operation that deceived over 2 million people, amassing more than 50 billion yuan ($7.6 billion). During the operation against this scheme, Chinese police seized a significant amount of cryptocurrency, including:
194,775 BTC ($11.2 billion)833,083 ETH ($2.11 billion)487 million XRP ($252 million)79,581 BCH ($25.8 million)1.4 million LTC ($82.3 million)27.6 million EOS ($12.7 million)74,167 DASH ($1.7 million)6 billion DOGE ($609 million)213,724 USDT
These assets were part of the massive haul from the Plus Token Ponzi scheme, which was one of the largest cryptocurrency frauds in history.
Conclusion
The recent movement of $2 billion worth of Ethereum from dormant wallets linked to the Plus Token Ponzi scheme raises questions about the future actions of these funds. As the crypto community watches closely, the implications of this activity could be significant for the market. The Chinese authorities' involvement and the potential liquidation of these assets might influence Ethereum's price and market dynamics in the coming days.
$ETH #Ethereum #ETH

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Dogecoin (DOGE) is showing signs of a potential rally as it moves within a bullish falling wedge pattern. A breakout above this pattern could push prices to $0.14. The asset is at the bottom of a bullish market structure, with a potential to rally 27%.
Market Recovery and Bullish Indicators
Following a recent market downturn, many Dogecoin investors rushed to sell their holdings on exchanges. However, as the market began to recover, exchange inflows have decreased, setting the stage for a potential bullish rally for DOGE.
Dogecoin Price Offers Reprieve
Currently, DOGE is trading within a falling wedge pattern, a bullish reversal signal. Recent candlestick formations show a strong bounce off the lower boundary of the wedge with significant volume, indicating a potential reversal. The price movement within this pattern suggests the end of a corrective wave and the beginning of a new impulsive wave.
Technical Analysis
50-day EMA: $0.122200-day EMA: $0.126
Both moving averages are above the current price, reinforcing the bearish trend. Immediate support for Dogecoin is at $0.095, near the recent low, while resistance is at $0.1053 (the recent high) and at the 50-day EMA ($0.122).
RSI: 32.50, indicating oversold conditions and suggesting a potential price bounce.Chaikin Money Flow (CMF): -0.03, indicating mild selling pressure.
Price Predictions
If DOGE rallies and breaks above the falling wedge, it could set new price targets around $0.14, $0.17, and $0.21. The falling wedge pattern, combined with increased volume and an oversold RSI, suggests a potential reversal. Short-term traders may find opportunities to go long, while long-term traders may wait for confirmation of a trend reversal.
On-Chain Metrics Support Short-Term Rally
Data from IntoTheBlock shows a significant reduction in exchange inflows, dropping by 38.85% from $664.48 million to $426.24 million over the last day. This decrease follows a peak in exchange inflows, the highest in the last month, triggered by the recent market crash.
Additionally, Dogecoin open interest has slightly increased by 0.09%, signaling a rise in market activity. Combined with the rising price, this may indicate increasing buying pressure for DOGE.
An anticipated 27% price rise would protect over 451,000 DOGE holders from running losses. According to IntoTheBlock, 451,560 holders bought Dogecoin between $0.10 and $0.14. Recent developments in payment integration on X (formerly Twitter) may also serve as a catalyst to push Dogecoin's price into the breakout zone.
Potential Risks
If market conditions reverse and become overly bearish, Dogecoin exchange inflows may resume, signaling market panic and potentially turning bearish for DOGE’s price.
Overall, while the current trend remains bearish, technical indicators and on-chain metrics suggest a potential short-term rally for Dogecoin. Investors and traders should watch for key resistance levels and market conditions to gauge the likelihood of a sustained upward movement.
$DOGE #dogecoin #Doge🦊

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Despite recent market losses, Cardano's price is showing resilience, with technical indicators suggesting a potential short-term reversal. The upcoming Chang Hardfork has sparked renewed interest, positioning Cardano for a possible 19% price increase.
Signs of a Rebound
Cardano (ADA) is demonstrating signs of a potential rebound. The price is currently showing a solid bounce from the bottom of a falling channel, suggesting that buyers are returning to the market. This renewed interest is likely driven by the anticipation of the Chang Hardfork, which is expected to enhance Cardano's scalability and decentralization.
Chang Upgrade Nears
The Chang Hardfork is the most anticipated event for Cardano. Currently, 58% of Cardano nodes have migrated to v9.1.0, with only 12% more needed to launch the upgrade. This upgrade aims to make Cardano more scalable and decentralized. The general market rebound, coupled with this news, has likely contributed to the renewed interest in ADA.
Despite the positive outlook, data from IntoTheBlock shows that 76% of all ADA holders are still underwater, with the price having taken a significant hit since the March high. Most holders bought ADA between $1.44 and $2.97, facing up to 88% in losses. However, the upcoming Chang upgrade may offer some reprieve to these holders in the coming weeks.
Technical Analysis
ADA has increased by 3.4% in the last 24 hours, trading around $0.337, but remains down 16.6% over the past 7 days. The current trend for ADA is downward, indicated by the price movement within a descending channel and moving averages positioned above the current price. A recent green candlestick with a long lower wick and increased volume suggests a potential short-term reversal after a fake-out below the channel.
50-day EMA: $0.3988200-day EMA: $0.4522
Both EMAs are above the current price, indicating a bearish sentiment. However, the price movement within the descending channel suggests a corrective wave back to the 50-day EMA at $0.3988.
Support and Resistance Levels
Support: Around $0.3, as indicated by the lower boundary of the channel and the recent fake-out area.Immediate Resistance: At $0.4, followed by the 50-day EMA at $0.3856.Upper Boundary of Descending Channel: Near $0.45, also acting as resistance.
Technical Indicators
RSI: At 36.07, near oversold territory, suggesting a potential price rebound.Chaikin Money Flow (CMF): At -0.07, indicating some selling pressure but not excessively strong.
If ADA's price rises and breaks above the falling channel, it would signal market strength and turn Cardano bullish. New targets would then be around $0.48, $0.50, and $0.55.
Conclusion
Overall, while the trend for Cardano remains bearish, the recent spike in volume and price action near the lower boundary of the descending channel suggests a potential short-term reversal. The upcoming Chang Hardfork could further catalyze this rebound, offering ADA holders some relief from the prolonged bearish trend.
$ADA #ADA #Cardano

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The price of XRP has begun a recovery wave, moving above the $0.4880 resistance level. There is potential for a bullish momentum if the price manages to clear the $0.5220 resistance.
XRP Price Recovery
XRP has initiated a decent recovery wave, surpassing the $0.4750 and $0.4880 levels. However, it is currently trading below $0.5220 and the 100-hourly Simple Moving Average. The recent price movement included a break above a key bearish trend line with resistance at $0.5040 on the hourly chart of the XRP/USD pair (data source from Kraken). If XRP can clear the $0.5220 resistance zone, the recovery could continue.
XRP Price Regains Strength
After forming a base above $0.4320, XRP started a recovery wave, similar to the movements seen in Ethereum and Bitcoin. It successfully moved past the $0.4750 and $0.4880 resistance levels. Additionally, XRP surpassed the 50% Fibonacci retracement level of the downward move from the $0.5767 swing high to the $0.4320 low, and broke above a key bearish trend line with resistance at $0.5040.
Despite these gains, XRP faces challenges near the $0.5200 zone. It remains below the $0.520 level and the 100-hourly Simple Moving Average. On the upside, resistance is seen near the $0.5220 level, which is also close to the 61.8% Fibonacci retracement level of the downward move from the $0.5767 high to the $0.4320 low.
The first major resistance is at $0.5420, with the next key resistance at $0.5750. A clear move above $0.5750 might propel the price toward $0.5840, followed by resistance near $0.5920. Further gains could push XRP to $0.600 or even $0.6120 in the near term.
Potential for Another Drop
If XRP fails to clear the $0.5220 resistance zone, it could experience another decline. The initial support on the downside is near $0.4980, with the next major support at $0.4880. A downside break and close below $0.4880 could lead to further declines toward the $0.4660 support in the near term, with the next major support at $0.4500.
Technical Indicators
Hourly MACD: The MACD for XRP/USD is gaining pace in the bullish zone.Hourly RSI (Relative Strength Index): The RSI for XRP/USD is now above the 50 level.
Key Levels
Major Support Levels: $0.4980 and $0.4880.Major Resistance Levels: $0.5220 and $0.5420.
As XRP eyes a breakout, traders will be watching these key levels closely to determine if the price can surge past the resistance and continue its recovery.
$XRP #Ripple #XRP

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

On-chain data reveals that around 4,000 wallets have significantly boosted web3 casinos and gambling websites, depositing $5 billion worth of cryptocurrency in 2023 alone.
Enormous Wealth Accumulation by Web3 Casinos
Web3 casinos and gambling platforms are experiencing substantial wealth accumulation, with only 4,000 Ethereum (ETH) wallets contributing $5 billion worth of crypto in 2023, according to data from Chainalysis. The New York-based blockchain forensic company disclosed in an August 5 blog post that high-frequency players have a significant impact on web3 gaming businesses, transacting an average of $7,000 worth of crypto each.
The Impact of Crypto Whales
While the number of crypto whales engaging with web3 casinos is relatively small, their financial contributions are immense. Approximately 500 such whales, each sending around $25,000 in crypto on average, collectively transferred $320 million in 2023. This highlights the stark disparity between the contributions of casual players and VIP clients.
Transaction Patterns
Chainalysis reports that most transactions on web3 casinos involve personal wallets, with the majority of players using these wallets for deposits and withdrawals. Specifically, deposits and withdrawals related to web3 casinos from personal wallets account for 61% and 70%, respectively, while crypto exchanges make up 38% and 29%. Many players do not obscure their on-chain activities, allowing businesses to analyze player behavior.
Business Insights
By analyzing on-chain behavior, companies can gain insights into "player holdings, spending habits, and engagement across blockchain platforms." This information enables businesses to benefit from more accurate segmentation, tailored strategies, and a comprehensive view of off-platform activities crucial for engaging users.
Steady Growth and Potential Risks
Over the past four years, web3 casinos have seen steady growth in inflows, accumulating $78.7 billion in crypto. Despite this rapid expansion, Chainalysis has raised concerns about potential risks, indicating that some platforms could be used for money laundering.
Web3 casinos continue to thrive, driven by significant contributions from a relatively small number of high-frequency players and crypto whales. However, the industry must address potential risks to ensure sustainable growth and maintain trust among users.
#Web3 #crypto #casino

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Digital asset exchange WazirX has announced the filing of a First Information Report (FIR) following a hack that resulted in over $230 million in losses. The platform stressed its commitment to its users and continues to update them on the ongoing efforts to bring the hackers to justice. The aftermath of the incident has elicited mixed reactions from the community.
FIR Filed in Response to Hack
WazirX has officially filed an FIR in response to the notorious hack. The exchange explained on X (formerly Twitter) that the police have taken up the matter, registering the FIR under the BNS and IT Act on August 5, 2024.
“Based on a complaint filed by us in connection with the Cyberattack on our multisig wallet, the police have taken cognizance of the matter, and an FIR under BNS & IT Act has been registered on 5th August 2024 at PS Special Cell, PS Lodhi Colony, New Delhi through Intelligence Fusion & Strategic Operations, IFSO of Delhi Police,” stated WazirX.
Commitment to Recovery and Justice
The Indian-based exchange expressed confidence in the investigation and reiterated its cooperation with relevant agencies. WazirX assured users that it is diligently working to recover the stolen assets and bring the hackers to justice. The exchange faced significant community outrage after the hack, which drained over $230 million from its multisig wallet.
WazirX continues to provide updates on efforts to recover funds and enhance security measures. Recently, the exchange abandoned its loss distribution plan among users following severe backlash from the community.
Explanation for FIR Delay
Following the FIR announcement, users criticized the delay, noting that it came weeks after the incident. WazirX clarified that the initial police complaint was filed the day after the hack, and users were informed at that time. Nischall Shetty, co-founder of WazirX, explained that FIRs generally take more time after the initial complaint, reaffirming the platform's commitment to seeking solutions.
“Just like all our customers, we too want the culprits of this theft to be caught and the funds recovered. We’re constantly working on progressing toward next steps and solutions. We’ll continue to do that,” Shetty stated.
Conclusion
WazirX's filing of the FIR marks a significant step in addressing the hack and its aftermath. The exchange remains focused on recovering the stolen assets and enhancing security to prevent future incidents. While community reactions remain mixed, WazirX's ongoing efforts to bring the hackers to justice and improve platform security demonstrate its commitment to user protection and transparency.
#crypto #wazirX #hack

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Tron founder Justin Sun has recently withdrawn 14,884 Ether (ETH) from the Binance exchange, valued at approximately $35.97 million, according to data from Spot On Chain. This transaction adds to Sun's total ETH holdings, which he has been accumulating since February. With this latest addition, Sun now holds 392,474 ETH, estimated to have cost him $1.19 billion and currently valued at $995 million.
Denial of Liquidation Rumors
Sun's withdrawal coincides with his public denial of rumors suggesting he was liquidating his positions. As the price of ETH fell below $2,000 on Monday, speculation arose that over $200 million in Sun's leveraged long positions were being liquidated. Sun dismissed these claims as "false" and criticized leveraged trading strategies, stating that they do not significantly benefit the industry.
Additional Transactions
In the past three days, Sun has also deposited a net amount of $49 million worth of Tether (USDT) to the HTX exchange.

Market Recovery
Following a significant market downturn over the last 48 hours, the cryptocurrency market is showing signs of recovery. Bitcoin has surged to a high of $56,000, while Ethereum has risen to $2,525, gaining crucial support and rallying over 10% to reach a daily high of approximately $2,547.
The recent crash also affected major global stock indexes, leading Ethereum's fear and greed index to drop to 17 percent, indicating extreme fear. However, on-chain data analysis shows that whale investors, including Sun, have capitalized on this opportunity by withdrawing Ether. Notably, another large investor withdrew 16,236 ETH, worth about $40 million, from the HTX exchange.
Spot Ether ETFs
Additionally, the recently approved US-based spot Ether ETFs have registered a net cash inflow of about $1.64 million on Monday, driven by VanEck’s ETHV and Fidelity’s FETH.
$ETH #Ethereum #ETH

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Shiba Inu (SHIB) has experienced a significant price rebound, surging by 16%. Despite this uptick, trading volume has remained stable at 2.039T, indicating consistent trading activity without significant fluctuations. This recovery occurred during Tuesday's London trading session, helping SHIB recoup some of the losses from the previous market downturn. The SHIB price chart appears bullish, with the asset being one of the top gainers in the market-wide recovery, demonstrating a high correlation with Bitcoin.
Can the Shiba Inu Price Rally Continue?
Currently, SHIB is in a downward trend, as indicated by the descending wedge pattern. The latest candlestick shows a small green candle following a series of red ones, suggesting a potential short-term reversal or consolidation within the descending wedge. This pattern often indicates a corrective phase that might lead to a bullish breakout, but further confirmation is needed.
According to CoinGecko data, the 50-day Exponential Moving Average (EMA) is at $0.00001734, and the 200-day EMA is at $0.0000186, both above the current price, reinforcing the overall bearish trend.
The Shiba Inu price chart indicates an immediate support level around $0.0000115, with a stronger support zone between $0.00001 and $0.000011. This area, highlighted by the grey zone, has filled the fair value gap created during yesterday's crash and represents the last zone of market imbalance for SHIB, suggesting that the dip might be over.
Key Resistance Levels
Resistance is observed around $0.00001734 (50-day EMA), followed by $0.00001860 (200-day EMA), with a major resistance zone between $0.00002500 and $0.00003000. If SHIB fails to break above the 50-day EMA, the price might drop by 41% to $0.00001135, aligning with the bottom trendline of the falling wedge and falling into the FVG zone.
Technical Indicators
Relative Strength Index (RSI): The RSI stands at 33.01, close to oversold territory, indicating a potential short-term bounce but with an overall bearish sentiment.Chaikin Money Flow (CMF): The CMF is at -0.01, suggesting mild selling pressure.
If SHIB can break above the 50-day and 200-day EMAs, it could signal market strength and turn the asset bullish, potentially invalidating the bearish outlook. A breakout from the falling wedge might propel SHIB to $0.00002796, representing a 102% increase.
Conclusion
Shiba Inu's recent price recovery is noteworthy, but the asset faces significant resistance and overall bearish indicators. While there is potential for a bullish breakout, traders should watch key support and resistance levels closely to gauge the likelihood of sustained upward momentum.
$SHIB #SHIB #Shibarium

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The price of XRP has initiated a recovery wave from the $0.4320 support level, experiencing an increase of over 8%. However, it is now facing significant resistance near the $0.5120 zone, presenting challenges for further upward movement.
Key Points:
XRP price traded below the critical support levels of $0.500 and $0.4550.The current trading level is below $0.5250 and the 100-hourly Simple Moving Average (SMA).A key bearish trend line with resistance at $0.5120 is forming on the hourly chart of the XRP/USD pair (data source from Kraken).Clearing the $0.5150 resistance zone is crucial for continued recovery.
XRP Price Starts Recovery Wave
XRP's price experienced extended losses, dipping below the $0.500 support level, similar to the movements observed in Ethereum and Bitcoin. The bears managed to push the price even lower, past the $0.4550 support zone, reaching a low at $0.4320. From this point, the price embarked on a recovery wave, moving above the $0.4550 and $0.480 resistance levels.
The price ascended beyond the 50% Fibonacci retracement level of the downward wave, which ranged from a $0.5765 swing high to the $0.4320 low. Despite these gains, XRP remains below $0.550 and the 100-hourly SMA. A notable bearish trend line with resistance at $0.5120 is evident on the hourly chart.
The bulls are now confronting a significant hurdle near the trend line and the $0.5150 level. The primary major resistance is around the $0.540 level and the 100-hourly SMA, close to the 76.4% Fibonacci retracement level of the downward wave from the $0.5765 high to the $0.4320 low.
The next crucial resistance point could be at $0.550. A decisive move above this resistance might propel the price toward $0.5550, with further resistance levels at $0.5680. Any additional gains could push the price toward the $0.580 or even $0.5880 levels in the near term.
Potential for Another Decline?
If XRP fails to overcome the $0.5120 resistance zone, it may face another downward trajectory. The initial support on the downside is near the $0.4880 level, followed by significant support at $0.4750. A downside break and close below this level might lead to a continued decline toward the $0.4500 support. The next major support is positioned at $0.4320.
Technical Indicators
Hourly MACD: The MACD for XRP/USD is gaining momentum in the bullish zone.Hourly RSI (Relative Strength Index): The RSI for XRP/USD is now above the 50 level, indicating bullish momentum.
Support and Resistance Levels
Major Support Levels: $0.4880 and $0.4750Major Resistance Levels: $0.5120 and $0.5400
As XRP attempts to navigate through these hurdles, traders will be closely watching the key resistance and support levels to gauge the potential for a sustained recovery or another decline.
$XRP #XRP #Ripple

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“