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Dogwifhat (WIF) Soars 21% as Experts Predict $5 Valuation The crypto world's knitted-hat-wearing canine, Dogwifhat (WIF), is making a triumphant return. Following an April price dip, WIF has reignited its meme magic, with a 21% increase in the previous week and hopes for a $5 price objective once again rekindled. A Revitalized Market: Wags and Trades Several powerful causes have combined to drive the rise. With traders' renewed interest in the Spot and Derivatives markets, WIF's daily trading volume has skyrocketed, hitting an incredible $507 million. This influx of capital shows that the market is ready to get back on the Dogwifhat train. The futures market is joining in the celebration, with a 53.9% increase in trading volume. There was a robust 25% rise in the Open Interest (OI) indicator, which measures open leveraged positions; this suggests that traders are putting a lot of money on WIF's future. We were spot on when we said that $WIF will break the trendline of resistance, and the price is doing just that. As if waking the dogs up from a deep slumber. An epidemic of gluttony has ensued as the long-suppressed desire for WIF has been released. How long can this viral coin with a dog theme last? Very possibly. Perhaps not. Forecasting Prices: Pursuing a Double-Digit Goal The new bravado from WIF has analysts rushing to revise their price forecasts. Popular cryptocurrency forecasting service Market Spotter has lowered its price target for WIF during the next bull run to a more reasonable $4.50. Yet, there are experts who have even more audacious dreams. The crypto prophet from June that correctly anticipated the bottom of WIF, Bluntz Capital, is now shouting out a price goal in the double digits. Bluntz thinks WIF is going to have a huge run for its money, and he bases this belief on the Elliott Wave Theory. According to the expert, the market hasn't seen an explosive 5-wave advance like this in months. For Dogwifhat, this may be the first step on a grand adventure. #WIF #Dogwifhat $WIF
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Data Shows That Toncoin (TON) Whales Just Spent $342 Million Buying Toncoin (TON) According to on-chain statistics, Toncoin whales have been heavily buying TON over the last week, which might be a positive indication for the cryptocurrency. Net purchases of Toncoin have been occurring lately. Here, the "Supply Distribution" on the Santiment blockchain shows us how much TON different holder groups currently possess, making it an important on-chain indicator. Each investor's address is assigned a certain group according on their current coin balance. For instance, all addresses that own between one and ten tokens of the cryptocurrency are part of the "1 to 10 coins" cohort. The whales are the investors that are important to this conversation. This group consists of addresses that have 10,000 to 100,000 TON. The range starts at $76,000 and goes all the way up to $760,000 at the current exchange rate. These holders have a fair amount of sway in the market due to the size of their holdings. Therefore, it may be worthwhile to track the whereabouts of this group. Oceans of Toncoins This group's Toncoin investors have been involved in net accumulation as shown in the graph up top. To be more precise, these whales have spent an astounding $342 million (or 45 million TON) on TONs in the last week. Following last month's new all-time high (ATH), the cryptocurrency has been consolidating, which coincides with this purchasing by the whales. It is possible that these huge holders are stocking up because they believe the asset will continue to rise in value. This bullish attitude among the whales might be a good thing for Toncoin, of course. The Supply Distribution of this cohort is something to keep an eye on in the following days since this may change fast, however. The result might become negative for the cryptocurrency if the indicator shows a large decline; this would indicate that these investors have chosen to sell. #Toncoin #TON @Ton Network
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Cardano Has Bottomed Out, According to Analysts, and Will Rally to $1 An expert in the cryptocurrency market has seen a new technical pattern in the price action of Cardano, which might lead to a significant recovery. Cardano may have reached rock bottom and is about to bounce back to $1, according to another expert who shares similar confidence. Expert Says Cardano Price Has Hit Bottom An analysis of Cardano's price movement and future prospects was provided by crypto analyst in a post he made on X (previously Twitter) on June 29. An expert has noticed that on the daily time frame chart, Cardano's native coin, ADA, is exhibiting a falling wedge formation. One unusual technical formation that may indicate a reversal or continuation pattern is a falling wedge pattern, which occurs as a consolidation period comes to a close. Cryptocurrency market bottoms out or swing lows are often signaled by this falling wedge formation, which is considered a positive sign. Faibik said that Cardano will soon emerge from its price correction after sharing a price chart spanning September 2023 to August 2024. From where the Bitcoin is now, the expert predicts a jump of 72.84 percent. Consequently, Faibik has strongly recommended that Cardano investors closely monitor this vital sector. The distinctive falling wedge pattern on Cardano's chart has been revealed by another crypto specialist who shares a similar view. According to him, Cardano is going to have a huge breakout between 40% and 50%.
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Expect a 2.2% Increase in the Shiba Inu Price (SHIB) in the Near Future In line with overall market growthโmeme coins saw an average 3.1% increaseโthe Shiba Inu price has soared by a noteworthy 2.2% over the last 24 hours. The indications are pointing to further gains, which is interesting. Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have seen retracements and losses, in contrast to this little gain. This performance highlights the resiliency of Shiba Inus, especially when contrasted with its sharp 32.21% drop in value during the previous month. However, it is still up 125.06% year-over-year, which is comparable to the rise of other big cryptocurrencies. Breaking below resistance, the Shiba Inu price is now asking: what comes next? It seems like SHIB is preparing for further upside after its price surged earlier today. View the Shiba Inu price chart along with detailed technical analysis. Citation: Binance. Notably, since this morning's high, the Shiba Inu price has fallen below two support levels. It is retesting the $0.00001723 resistance level (orange) in an effort to regain one at the moment. Shiba Inus show remarkable resilience despite this decline, with an RSI of 40 (purple). It has moved away from its overbought condition of 80 eight hours ago and is now in a neutral position, however it leans toward negative. Perhaps this is only a correction, and Shiba Inus are now in a better position to continue their ascent. For the last three days, the pink positive trendline has served as a support level. Assuming the Shiba Inu price remains above this level, it would suggest that the uptrend is robust, positioning the currency for more increases. Observable patterns corroborate this prediction; the 30-day moving average (yellow) is rising sharply and is merging with the slightly falling 200-day moving average (blue). In spite of the broader downturn, substantial short-term momentum may be on the horizon if the 30-day price index rises above the 200-day. #SHIB #BinanceTournament $SHIB
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Top Cryptos to Invest in Right Now: ENS, Dogwifhat, July 1 Name service for Ethereum wallets A promising beta investment in Ethereum Name Services (ENS) may advance the story of the Ethereum ETF. ENS is already well-known as a decentralized application (dApp) in the Ethereum ecosystem, and its success is almost certain as long as Ethereum keeps growing. Also, with ETFs going online soon, the Ethereum ecosystem is set to increase. ENS has risen 14% in the last 24 hours, according to CoinMarketCap, and is now testing long-term resistance in the $30โ$33 region. If this level can be decisively broken, it would pave the way for a return to the all-time highs of approximately $170 and perhaps higher. The greatest cryptocurrency to purchase right now could be ENS, because a tenfold increase is possible. What Is Fatwa (WIF)? According to CoinMarketCap, Dogwifhat (WIF), one of the most popular Solana meme currencies, has increased in value by 12% over the last 24 hours. As a result, it is spearheading the overall crypto market upswing. At $2.30, WIF is 57% higher than its low point last week. It has broken a downtrend from its late May highs thanks to its most recent surge upward. This may reawaken resistance at $4.0, which would be a 75% increase from where it is now. There seems to be a lot of space for expansion when one considers WIF's market valuation, which was recently around $2.34 billion. After all, Dogecoin's market worth surpassed $32 billion earlier in the year. The idea that WIF produces returns of 10x during this bull market shouldn't be ruled out by investors. Thus, it may be the greatest cryptocurrency to invest in right now. #ENS #WIF #IntroToCopytrading $ENS $WIF
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