The SEC approves Form 19b-4 for eight Ethereum ETF issuers, opening the door for institutional investment, but S-1 registration statements are still pending.

Read more on: https://thecryptobasic.com/2024/05/24/sec-approves-form-19b-4-for-eight-ethereum-etf-issuers/
#EthereumETFs #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"

Shiba Inu (SHIB) price chart indicates bullish signs for a potential 50%-60% spike, while Arkham (ARKM), an AI-centric project, also shows bullish trends. Altcoins are signaling bullish movements amid Bitcoin’s sideways action.
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As the crypto market experiences a sideways bullish rally, many altcoins are showing promising patterns that could lead to significant price increases. Analysts have various opinions on which altcoins might surge first, but one prediction stands out for Shiba Inu (SHIB).

Bullish Patterns Point to Potential Surges for SHIB and ARKM
A prominent trader has highlighted the price action of Shiba Inu (SHIB), noting a bullish pennant formation on the daily timeframe. This pattern suggests a possible significant upward movement for the token, often referred to as a meme coin.

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According to the analyst, SHIB could see a price increase of 50%-60% if this pattern plays out as expected.
https://x.com/breakout_expert/status/1792053886054015274?ref_src=twsrc%5Etfw
In addition to SHIB, the analyst also focuses on Arkham (ARKM), a crypto token known for its use of AI in analyzing blockchain and on-chain data. Arkham offers both an analytics platform and an intel exchange, making it a noteworthy project in the crypto space. The analyst’s observations on ARKM indicate potential bullish movements for this token as well.

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https://x.com/breakout_expert/status/1792505577299743076?ref_src=twsrc%5Etfw
Analyst Predicts Bullish Surge for ARKM Amid Steady Price Rise
According to the chart shared by the analyst, Arkham (ARKM) has been experiencing a steady price increase over the past few months. Observing this consistent rise, the analyst provides his insights on the future movement of this AI-based asset.

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He describes the ARKM price chart as truly impressive, noting that the asset is once again responding to a rising trend. The analyst predicts that if this upward movement continues, ARKM could reach $3.25. Currently, ARKM is priced at $2.45 according to CoinMarketCap. It will be intriguing to see how high the price can climb during this bull cycle.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SHIB #ShibaInu #Memecoins #EthereumETFs #ETHETFS $SHIB $BTC $ETH

Dogecoin, created in 2013 as a comic story or meme, has evolved from a light-hearted internet joke to a significant player in the cryptocurrency market. With its iconic Shiba Inu dog logo and vibrant community, Dogecoin has captured the attention of investors worldwide.
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Initially meant as a joke on the rising popularity of cryptocurrencies, Dogecoin quickly gained attention and became a real investment option. In this article, we explore Dogecoin’s journey, its basics, why people invest in it, and how it transformed from a meme into a serious digital asset.

Dogecoin: From Joke to Serious Investment
Despite its origins as a joke, Dogecoin quickly gained recognition on social media platforms like Reddit and Twitter. This attention attracted a passionate community of fans known as “Shibes.” The friendly and enthusiastic community played a crucial role in Dogecoin’s rise in popularity.

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Dogecoin soon found practical uses as a tipping platform for online content creators and for charitable causes. Its low transaction fees, fast transaction times, and welcoming community endeared Dogecoin to users. These factors led to its widespread adoption as a digital currency for microtransactions and social tipping.
Dogecoin’s Blockchain and Unique Features
Dogecoin operates on a blockchain technology similar to Bitcoin and Litecoin. It utilizes a proof-of-work (PoW) consensus mechanism to validate transactions and ensure network security. This system involves miners solving complex mathematical problems to add new blocks to the blockchain.

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One significant difference between Dogecoin and Bitcoin lies in their supply models. While Bitcoin has a fixed supply cap of 21 million coins, Dogecoin has no maximum supply limit. Instead, it follows an inflationary issuance schedule, with approximately 5 billion coins added to circulation each year. This approach aims to maintain the long-term viability and sustainability of the Dogecoin network, ensuring there are always rewards for miners and adequate liquidity for users.
The inflationary model of Dogecoin also plays a role in incentivizing miners to continue securing the network. By providing ongoing rewards, Dogecoin encourages participation in mining activities, which strengthens the overall security and reliability of its blockchain.

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Dogecoin’s Community and Cultural Impact
Dogecoin has cultivated a vibrant and enthusiastic community known for its generosity, activism, and strong sense of camaraderie. Supporters of Dogecoin regularly organize fundraisers, charity events, and social initiatives aimed at promoting positive change. This community-driven approach has contributed significantly to Dogecoin’s growth and adoption.
The association of Dogecoin with internet meme culture has played a crucial role in its mainstream appeal, particularly among younger generations. Its whimsical and humorous branding sets Dogecoin apart from other cryptocurrencies, making it more accessible and relatable to a broader audience.

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Despite its volatile price and speculative nature, Dogecoin has attracted investors seeking short-term profits. Its inflationary supply model and perceived lack of intrinsic value have led to significant price fluctuations driven by market speculation, social media trends, and celebrity endorsements.
Dogecoin’s low transaction fees and fast transaction times make it well-suited for microtransactions and online payments. As more merchants and businesses accept Dogecoin as a form of payment, its utility and adoption as a medium of exchange are expected to grow, potentially enhancing its long-term value proposition.
Considerations for Investing in Dogecoin
Volatility and Speculative Nature: Dogecoin is highly volatile and speculative, which means investors can experience significant gains or losses in short periods. Before investing in Dogecoin, potential investors should carefully evaluate their risk tolerance and investment objectives to determine if it aligns with their financial goals.

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Lack of Fundamental Metrics: Unlike traditional investments such as stocks or bonds, Dogecoin lacks fundamental metrics like revenue, profits, or tangible assets that can be used to assess its intrinsic value. Investors should be mindful of Dogecoin’s speculative nature and understand that its price movements may not always be driven by traditional market fundamentals.
Regulatory Uncertainty: The cryptocurrency market, including Dogecoin, is subject to regulatory scrutiny and potential government interventions. Changes in regulations could affect the legal status, adoption, and value of Dogecoin. It’s important for investors to stay informed about regulatory developments and consider the potential risks and implications for their investments in Dogecoin.

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Community Dynamics: Dogecoin’s price movements and adoption are heavily influenced by its community-driven nature and social dynamics. Monitoring community sentiment, social media trends, and overall market sentiment can provide insights into potential impacts on Dogecoin’s price and investment outlook. Investors should factor in these dynamics when making investment decisions related to Dogecoin.
In Summary
Dogecoin’s evolution from a meme to a significant digital asset highlights the influential role of memes and internet culture in shaping the cryptocurrency market. What began as a lighthearted joke has transformed into a major digital currency with a dedicated global following and practical applications. This journey underscores the unpredictable nature of the cryptocurrency market and its dynamic growth.

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Investors assessing Dogecoin’s potential should consider its fundamentals, community dynamics, and market trends. Whether viewed as a speculative investment, a digital collectible, or a social phenomenon, Dogecoin continues to captivate people worldwide, offering a unique intersection of technology, finance, and internet culture.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Doge #Dogecoin #EthereumETFs #ETHETFS #notcoin $DOGE $BTC $SOL

Hold on to your crypto hats! The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on the VanEck Ethereum ETF. This exchange-traded fund, if approved, would allow investors to jump on the Ethereum bandwagon without actually buying and holding the cryptocurrency itself.
Originally, the SEC had a deadline to decide, but in a public document released Wednesday, they announced they're taking more time. The new target date for their decision is May 23, 2024.
Here's the twist: The SEC isn't just kicking the can down the road. They're also asking for your input! That's right, the regulatory body wants to hear from the public about the potential risks and benefits of this Ethereum ETF.
Why the Delay?
The SEC is likely taking its time because cryptocurrency, while exciting, can also be a bit wild west-ish. They want to make sure this ETF is on the up and up before giving it the green light.
What Does This Mean for Crypto ETFs?
This delay throws a bit of a curveball at the future of cryptocurrency ETFs in the US. Will the SEC ultimately approve the VanEck ETF, opening the door for more like it? Or will they slam the brakes on crypto ETFs altogether?
Only time, and the public's voice, will tell. Stay tuned for updates as May 23rd approaches!
$ETH
#HotTrends #ETH #etf #crypro #EthereumETFs

The price of Ethereum has maintained its gains above the $3,120 resistance level. There’s potential for ETH to experience a rally in the near future if it manages to surpass the $3,280 resistance zone.

Ethereum has continued its upward movement beyond the $3,220 resistance level, with the price trading above $3,165 and the 100-hourly Simple Moving Average. On the hourly chart of ETH/USD from Kraken, a significant bullish trend line is forming with support at $3,170. The pair might see further upward momentum if it manages to break above the $3,280 resistance zone.

Ethereum Price Analysis: Upside Potential and Key Levels
Ethereum’s price has maintained a positive trajectory above the $3,000 mark, mirroring Bitcoin’s performance. ETH saw further gains, surpassing resistance levels at $3,150, $3,165, and even spiking above $3,250.
The cryptocurrency reached a new weekly high at $3,263 before experiencing a minor correction. It briefly dipped below the $3,220 level and the 50% Fibonacci retracement level of the recent upward wave from $3,154 to $3,263.
However, bullish activity emerged above the $3,200 level, with the 61.8% Fibonacci retracement level acting as a support. Ethereum is currently trading above $3,200 and the 100-hourly Simple Moving Average, with a key bullish trend line forming at $3,170 on the ETH/USD hourly chart.

Source: ETHUSD on TradingView.com
Immediate resistance is anticipated near the $3,250 level, followed by a major barrier at $3,280. The next significant resistance level lies at $3,350, above which Ethereum could gain momentum towards $3,500.
A breakthrough above $3,500 could pave the way for Ethereum to test the $3,550 resistance, potentially leading to a push towards $3,750. Beyond this point, Ether may target the $3,880 resistance zone in the days ahead.
Ethereum Price Analysis: Potential Downside Scenarios
If Ethereum fails to surpass the $3,280 resistance level, a downside correction may be imminent. Initial support is expected near the $3,200 level, with the first major support zone around $3,180 and the accompanying trend line.

Key Support and Potential Pressure Points
The primary support level stands near $3,120. A decisive move below this support could intensify selling pressure, potentially driving the price towards $3,030. Further losses might lead Ethereum towards the $2,850 level in the near term.
Hourly MACD: The MACD indicator for ETH/USD is showing signs of gaining momentum in the bullish zone.Hourly RSI: The RSI indicator for ETH/USD is currently above the 50 level, suggesting positive momentum.
Major support is identified at $3,120, while significant resistance remains at $3,280. These levels are crucial in determining Ethereum’s short-term price trajectory.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ETH #EthereumETFs #Bitcoin #Ethereum #Crypto $BTC $BTC $ETH