🐸🚀🚀PEPE gives a Bullish signal, could it be on the verge of a big rally soon? 😱🔥
On August 8, 2024, the overall cryptocurrency market is looking bullish, as top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have experienced a massive upside rally. Amid this uptrend, $PEPE (#PEPE ) the world’s third biggest meme coin is gaining significant attention from the crypto community as its chart looks super bullish.
PEPE’s bullish chart Additionally, PEPE’s bullish chart is also being shared by crypto experts. Recently, a prominent trader made a post on X (Previously Twitter) noting that back in April 2024, PEPE experienced a remarkable upside rally following the breakout of a consolidation zone after its price decline. A similar kind of consolidation has been observed in PEPE’s chart after the recent decline. He noted that we may see a similar kind of rally once this consolidation area breaks.
PEPE price performance At press time, PEPE is trading near $0.0000085 and has experienced a price surge of over 14% in the last 24 hours. Despite this impressive price surge, PEPE’s trading volume declined by 11% during the same period. This decline in trading volume might indicate fear and lower participation from traders.
As of now, PEPE’s open interest (OI) is increasing. In the last 4-hours, its OI has increased by 8%, and over the last 24 hours, it is up by 14%, according to an on-chain analytic firm CoinGlass.
PEPE price prediction According to expert technical analysis, PEPE is at a crucial resistance level of $0.0000084, 0.0000069 andnear the 200 Exponential Moving Average (EMA) on a daily time frame. Additionally, it has been consolidating within a tight range for four consecutive days, between $ $0.0000085 levels.
If PEPE gives a breakout of both the consolidation zone and the resistance level, there is a high chance it could soar 50% to the $0.0000126 level or even higher in the coming days. #memecoins #PEPEUSDT #binance
#Russian President Vladimir Putin has signed the cryptocurrency bill that was recently passed in parliament. The bill regulates many issues related to cryptocurrencies, especially mining.
Russian President Vladimir Putin has signed the bill that legalizes the trading and mining of cryptocurrencies.
The bill determines the procedures and principles for the circulation of cryptocurrencies as well as the conduct of mining activities. Russian companies and individual entrepreneurs registered in the Ministry of Digital Development registry will be able to mine. Russian citizens who do not have the status of individual entrepreneurs will be allowed to mine cryptocurrencies without being registered if they do not exceed the energy consumption limit determined by the state.
On the other hand, cryptocurrencies will also be free to buy and sell on Russian blockchain platforms. In addition, cryptocurrencies can be used in international payments on an experimental basis.
The law will enter into force 10 days after its official publication. The effective date of most mining-related regulations is November 1, 2024.
😱🚀🚀Bitcoin inspires confidence: These 5 Altcoins are taking the market by storm
1- Ripple (#XRP ) Since the case between Ripple and the SEC is nearing its final stage and there is no indication that XRP will be classified as a security, $XRP has increased by 20 percent in the last 24 minutes. While acquiring XRP in the first place of listening after a long time, it especially made Turkish cryptocurrency investors happy.
2- Toncoin (#TON ) The popular altcoin, which stepped on the gas with Binance's listing of TON in spot transactions, has increased by 11 percent in the last 24 hours. $TON , which rose by standing firm with the excitement created by the mini games, excited its ecosystem.
3- Sui (SUI) SUI, which broke the downward trend in the short term, made a good start. The altcoin, which showed a performance of 8.30 percent in the last 24 minutes, was included in the list from the third place. Expectations from SUI may increase if technical support works well.
4- Bittensor ($TAO ) #TAO , which has almost escaped the Bitcoin meltdown, is rising from the last few pieces. The popular artificial intelligence coin, which increased by 6.80 percent in the last 24 hours, may look at even higher levels as the trend continues. Data from the artificial intelligence field will be important in this process.
5- Helium (#HNT ) The public HNT of crypto miners increased to 5.20 percent in the last 24 hours. HNT, which reacted quickly in the transition of the market rise, did not surprise this time either. Activities carried out to expect downward movements in HNT may play an important role. #altcoins
🔥💥GERBI.io Unlock the Future of Automated DEX Trading🚀🚀
GERBI.io is redefining the landscape of decentralized exchange (DEX) trading with its groundbreaking automated trading platform, built on the Solana blockchain. For cryptocurrency enthusiasts and investors looking for a secure and profitable trading experience, GERBI.io offers a robust solution that combines advanced trading technology with unparalleled flexibility and guaranteed returns. Why GERBI.io Stands Out In the rapidly evolving world of cryptocurrency trading, the need for speed, accuracy, and reliability is paramount. GERBI.io addresses these needs by leveraging state-of-the-art trading bots and strategies that outperform manual trading. Here’s why GERBI.io is a game-changer in the crypto trading space: 1. Advanced Trading Bots: GERBI.io’s professional trading bots are engineered to execute trades with precision on leading #Solana DEXs such as Raydium, Orca, and Meteora. These bots utilize advanced techniques including sniping, stop-loss adjustments, and profit capture mechanisms to optimize trading performance and maximize profits. 2. Flexible Trading Plans: GERBI.io offers a range of trading plans tailored to various investment levels, from the Rookie Plan with a minimum deposit of 0.1 SOL and daily profits ranging from 3% to 4.5%, to the Legend Plan with a minimum deposit of 100 SOL and daily profits up to 9.5%. Each plan provides guaranteed minimum daily profits, ensuring a reliable income stream. 3. Zero Fees and Full Access: Unlike traditional trading platforms that may impose hefty fees, GERBI.io charges no fees for deposits or withdrawals. Users enjoy full access to their funds at any time, with the ability to cancel their trading plan without incurring penalties. 4. Unmatched Security and Transparency: GERBI.io prioritizes security and transparency by thoroughly researching and vetting every investment opportunity. The platform’s commitment to transparency ensures that users have clear insights into their trading activities and results, reducing the risk of fraud and scams. 5. No Experience Needed: Whether you’re a seasoned trader or a novice, GERBI.io’s user-friendly interface simplifies the trading process. With a few simple steps—choosing a plan, funding your account, and activating your trades—you can start earning daily profits and potentially increase your returns by reinvesting. The Advantages of Using GERBI.io Over Traditional Trading Trading on your own can be fraught with challenges, including: • Speed Disadvantage: Manual traders often struggle to match the speed and efficiency of automated systems. • Fraud and Rug Pull Risks: Insufficient research can lead to falling victim to scams and unreliable projects. • Lack of Advanced Tools: Without sophisticated trading bots, individuals may miss out on profitable opportunities. GERBI.io eliminates these issues by providing a professional-grade trading environment with built-in protections against fraud and losses. The platform’s advanced technology and comprehensive research ensure that users can trade with confidence, knowing their investments are in capable hands. Join the GERBI.io Community In addition to its robust trading solutions, #GERBI .io also offers an affiliate program where users can earn commissions by referring others to the platform. Affiliates receive a 6% commission on the deposits made by their referrals, providing an additional income stream without requiring an initial investment. Get Started with GERBI.io Don’t miss the opportunity to enhance your trading strategy with GERBI.io. Visit GERBI.io to choose your trading plan, fund your account, and start experiencing the future of automated DEX trading today. Official Website: https://gerbi.io Telegram Group: https://t.me/gerbi_io Telegram News Channel: https://t.me/gerbi_news X: https://x.com/gerbi_io YouTube: https://youtube.com/@gerbicoin Instagram: https://instagram.com/gerbi_io Threads: https://threads.net/gerbi_io Medium: https://medium.com/@gerbicoin
😱🚀🚀Victory belongs to Ripple: XRP winked at the bulls with its sharp rise
The #XRP price has jumped 26% as the lawsuit between Ripple and the SEC nears its final stages, with no signs that XRP will be classified as a security.
The $XRP price has jumped 26% as a federal hearing in New York nears the end of a three-year securities lawsuit against Ripple Labs. Executives are calling the case a “victory” for the industry.
On August 7, a judge ordered Ripple Labs to pay a $125 million fine, saying the firm was “permanently barred and prohibited” from violating U.S. securities laws in a lawsuit filed by the Securities and Exchange Commission (SEC).
The high praise for Ripple (XRP) from the authorities brings the lawsuit, which has been filed with the SEC since Ripple first filed a regulated lawsuit in December 2020, to its final stages. According to CoinMarketCap performance, XRP rose 26 percent on the news, trading at 0.63, a much faster pace than the August 5th breakout.
“The outcome of the lawsuit is a victory for the industry and the legal community. The SEC’s entire XRP-bashing negativity is gone,” Ripple Labs CEO Brad Garlinghouse said in an X post shortly after. “The SEC’s lopsided campaign against us is over. Let’s all hope this ends this Administration’s war on crypto,” Ripple Labs co-founder Chris Larsen added.
“Overall, a big win for Ripple. While I was surprised by the $125 million fine, Ripple managed to win this in just 5 minutes with the price action in XRP,” crypto lawyer and Hodl Law founder Fred Rispoli wrote in an X post on August 7. #binance #ripple #altcoins
Binance Exchange announced that it will list Toncoin (#TON ), Telegram's own cryptocurrency. The listing will start today at 10:00 UTC.
Binance Exchange announced the new product it will list on the platform. The exchange announced that it will start listing Toncoin (TON), Telegram's own coin, which has recently shown a significant price increase, today at 10 UTC.
The first-layer blockchain project will be listed on TON/BTC, TON/USDT, TON/FDUSD and TON/TRY trading pairs. While deposit transactions have already started, withdrawal transactions will also start tomorrow (Friday) at 10 UTC.
Toncoin (TON) will be listed in the seed category. Binance warned in its statement that there could be intense volatility with the start of the listing and said, "Don't forget to do your own research before investing."
The exchange also started futures transactions for TON on March 1.
Akash Network (#AKT ) Showing Potential Amid Market Dip Akash Network (AKT) is currently trading between $1.71 to $3.01. Despite recent declines in Bitcoin and Ethereum by nearly a quarter, the AKT shows promise. Key supports and resistance levels are $1.21 and $3.81, respectively. The coin’s performance over the past week and month shows a drop of nearly 17% and 25%, but its 10-day average price of $2.48 and 100-day average of $2.34 suggest stability. With an RSI near 51, the coin isn’t overbought. Now, trading cautiously could see the AKT rise to $3.81, offering a growth potential of around 25% from its current midpoint. This dip might just be the perfect chance to seize promising opportunities.
JasmyCoin Shows Promise Amid Crypto Market Dip JasmyCoin ($JASMY ) is currently trading between $0.0176 and $0.0304. Despite a recent 28.75% drop in a week, it’s still up an impressive 302.41% over the past six months. With the nearest resistance at $0.0383 and support at $0.0128, investors are eyeing a potential rise to $0.0510, which would mark a significant gain. This dip in the market, alongside Bitcoin and Ethereum’s 24%-30% drop, presents a good opportunity for keen eyes to capitalize on #JASMY ’s growth potential. The coin’s RSI is at 56.87, indicating it’s not overbought or oversold, which might suggest further gains are on the horizon. #altcoins #binance
😱🚀🚀New statement from Trump's sons: We will shake the crypto world
While #DonaldTrump continues to support cryptocurrencies, the US presidential candidate's sons have also joined in. Eric Trump and Donald Trump Jr. announced that they will soon announce a big "thing" regarding the crypto space.
US presidential candidate Donald Trump has started to warm up to cryptocurrencies rapidly. After Trump's many commitments regarding the crypto space, the last step came from his two sons. Eric Trump announced yesterday and Donald Trump Jr. today that they will soon announce a new and big crypto project.
Eric Trump said, "I fell in love with crypto. Decentralized finance... Get ready for the big announcement soon."
Donald Trump Jr. said, "We will shake the crypto world with a big 'thing'. Decentralized finance will come. The life of those left behind" was used.
Behind the crypto world... Trump, who made crypto in the past, showed a completely different attitude in his election campaign and gave full support to crypto. Trump, who has held meetings with many important people, from the managers of large Bitcoin miners to other companies operating in the crypto space, and hosted them at their homes, most recently attended the Bitcoin Conference in Nashville.
Trump also claimed that he would make the US a superpower in Bitcoin mining.
😱🔥What is the $LATTE project, which has been talked about a lot among meme coins lately?
ABOUT $LATTE
$LATTE is the latest meme token brewing success, creating a buzz similar to the biggest hypes in the crypto world. With a fun and memorable ticker, #LATTE is not just another token; it's a movement. We are backed by a passionate community led by our visionary CTO, who is dedicated to making $LATTE a staple in both the crypto and meme communities.
However, the journey of $LATTE hasn't always been smooth. Initially, $LATTE faced a rug pull, with the developer selling off everything when the market capitalization was around $1.5 million. Despite this setback, the project was taken over by a dedicated CTO who revived all social media channels and continues to strongly believe in the $LATTE brand and its unlimited potential.
LATE has unique characteristics that make it stand out among other meme coins. With endless future collaboration opportunities, including partnerships in the barista world, coffee-related merchandise, and loyalty stamps for the $LATTE ecosystem, we are excited to brew some magic together.
With bold marketing, and reaching places that no other memecoin has reached, we aim to create a lasting impact in the crypto world. Whether you're a crypto enthusiast or a meme lover, $LATTE has something for everyone. Join us on this exciting journey!
🚀Introducing $LATTE - the meme token brewing success!
☕️ With a strong brand and endless future collaboration opportunities, $LATTE is not just another token; it's a movement. Our fun and memorable ticker sets us apart, and we're backed by a passionate community led by our visionary CTO.
🌟 Don't miss out on this exciting journey. Join us, and let's brew some magic together!
CA (SOL): 6YjuogEuCbRPEoKdcqHjPzMHGBDSq5bsSv7X5WqDpump
✅Objective: Creating a safe and beneficial digital environment for children by providing free, ad-free educational and entertainment applications.
✅Support: The initiative is supported by the #A3Coin cryptocurrency.
• Financial Support: Thanks to the financial backing of A3Coin, the project can continue to grow and expand, offering more valuable applications and content for children of various ages. • Web3 Application Development for Youth by the A3KidsApps Team: Web3 applications provide opportunities for young people to benefit from Web3 technologies and earn profits through interaction with applications and participation in various activities.
✅Key Features:
• Interactive and Engaging Content: The project aims to develop interactive content that helps children learn and enjoy their free time. • Ad-Free: All applications are ad-free, ensuring a comfortable and safe user experience for children. • Safe and Appropriate Content: The team ensures the provision of appropriate content for children and filters out unsuitable material.
✅Efforts: The A3KidsApps team is dedicated to developing high-quality applications covering educational, cultural, and entertainment aspects.
💁Platforms: These applications will be available on multiple platforms such as iOS and Android, reaching as many children around the world as possible.
🛡️Experience: The focus is on providing an easy and safe user experience that protects children’s privacy and offers personalized content to meet their educational and entertainment needs.
📣 The wait is over! 🔥 The A3coin presale has officially started, and you can now participate through PinkSale.👇
😱🔥Binance CEO Teng explained: We saw large inflows on the day of the crisis🚀🚀
In a tweet yesterday, #Binance CEO Richard Teng, who stated that he does not think that the market declines experienced will be long-term, also gave information about the stock exchange today. Noting that they saw net inflows of $1.2 billion just yesterday, Teng said, "It was one of the biggest inflow days we have seen since the beginning of the year."
Richard Teng, CEO at Binance, stated yesterday that they received the largest inflows they have seen since the beginning of the year. Teng, who stated that the stock market saw $ 1.2 billion of inflows, also said that the markets have started to improve.
“There is an increase in token prices” Teng, who stated that they saw great input on the day of this collapse in the information he gave through X, and that this was a reflection of the confidence they had in themselves, said::
"During the macroeconomic market crisis experienced yesterday, Binance saw net inflows of $ 1.2 billion. This figure was one of the largest inflows of 2024. This clearly shows investor confidence. in terms of transaction volume, we also saw one of the largest figures since the beginning of the year yesterday. We have also started to see some returns on important tokens. The current market trend confirms this to us.”
😱🚀🚀Top 4 Altcoins to Transform Your Portfolio: 10X Potential During a Crash
$PEPE (#PEPE ) Pepe, a standout in the meme coin sector, has skyrocketed over 20x since May 2023. With a current market cap of $5.2 billion, projections suggest it could surge up to $50 billion, potentially yielding over a 10x return. Pepe is now priced at $0.000013 and ranks 22nd position in the crypto market. With a bullish turnaround in the daily chart, the PEPE price action shows a massive uptrend as the crypto market grows. In 2024, the meme coin has given almost 1000% YTD growth and continues the uptrend with increasing demand.
Dogwifhat (#WIF ) Dogwifhat is gaining traction despite its limited use. Matt predicts it could follow Shiba Inu’s success, potentially reaching a $35 billion market cap and delivering around 13x returns. Priced at $0.33 and ranked No. 2244, $WIF shows promise. As 2024 progresses, Dogwifhat could approach the $1 mark.
Render (#RNDR ) Render, now on Solana, merges AI with blockchain technology. Currently valued at $2.6 billion, it’s expected to grow to $20-$25 billion, offering nearly 10x returns. Render is priced at $11.12 and holds the 26th spot in the rankings, making it a notable player in the AI and blockchain space.
$BONK (#BONK ) The top Solana-based meme coin, BONK, has a promising price trend in the daily chart, teasing a massive surge impending in the coming days. It has appreciated 8,000% over the past year. It’s projected to reach a market cap of $10 billion, translating to a 5x return. Bonk is currently priced at $0.000032 and ranks No. 55. As the Solana ecosystem grows, the BONK is expected to trend more in the crypto world. Considering the hype explodes, the altcoin could reach the new ATH soon. #altcoins
👀🤝 I am happy to announce that I will participate as a speaker at the Istanbul Chain Conference 2024, which will be one of the largest conferences in Istanbul on 14-15 September. Stay tuned,
🔓🤯Alarm bells are ringing for these 5 Altcoins: Unlocking is on the way 🔻🔻🔻
1- IMX, one of the popular projects of ImmutableX GameFi, will be released on August 9th with 32.47 million #IMX ($39.29 million). This value, which corresponds to 2.11 percent of the alloy supply in the dollar, will create selling pressure on the parity. According to current data, 448.62 million IMX are locked, and 1.55 billion IMX are in circulation.
2- Xai (#XAI ) Arbitrum network's altcoin XAI, which operates on the GameFi side, enables the connection of 35.88 million XAI ($8.73 million) on August 9th. This value, which corresponds to 6.90 percent of the alloy supply in the dollar, may trigger sales transactions. According to current data, 999.35 million XAI are locked, and 500.40 billion IMX are in circulation.
3- Ethena (#ENA ) ENA, which gained fame with the launch of Ethereum spot ETFs, will launch 14.89 million ENA ($4.68 million) on August 11. This value, which corresponds to 0.82 percent of the alloy supply in the dollar, may cause a further decrease in the parity depending on the ETH price. According to current data, 8.37 billion XAI is locked and 1.34 billion ENA is in circulation.
4- Ionet (#IO ) IO, one of the popular projects of the DePin category, offers software services for 2.11 million IO ($3.81 million) on August 11. This value, which corresponds to 2.22 percent of the circulating supply, will sustain the IO price to lower levels depending on the DePin trend. According to current data, 567.24 million XAI is locked and 107.76 million IO is in circulation.
5- Aptos (#APT ) APT, defined by regular unlocks, added 11.31 million APT ($63.22 million) to the market on August 11. This value, which corresponds to 2.41 percent of the circulating supply, may cause a sell-off in Aptos investors.
😱🤯Altcoin market was destroyed: These 4 names could not resist the sale🔻🔻🔻
1- JasmyCoin (#JASMY ) $JASMY , one of the most popular altcoins for a while, fell by 31.20 percent in the last 24 minutes. Especially frightening with futures market movements, JSMY ranked first.
2-dogwifhat (#WIF ) $WIF , one of the popular memecoins of the Solana ecosystem, lost 30 percent in value in the last 24 minutes. WIF, which was exposed to selling pressure due to open interest and the course of the market, joined the list in second place.
3- Lido DAO (#LDO ) With the increase in the trading of spot ETH ETFs, $LDO continued to increase for a short time. The popular altcoin, which lost support one by one as ETH lost $ 2500, fell by 29.15 percent and became third on the list.
4- Pepe (#PEPE ) PEPE, one of the leading memecoins of the Ethereum network, could not somehow overcome the selling pressure. Having lost 27.70 percent in the last 24 minutes, PEPE ranked 4th on the list. #altcoins
😱🤯The wave of panic grew in Bitcoin and Altcoins: Reasons for the declines🔻🔻🔻
You can experience a turbulent Sunday in the cryptocurrency market. While a cryptocurrency is being taken back to $57,000 levels, many altcoins are seeing double-digit declines.
The decline in #Bitcoin since the weekend deepened as the week ended. The total market value of cryptocurrencies decreased from 2 units of $126 billion to 1 unit of $975 billion today. $150 billion was erased in just a few times. The loss seen in the market since the week has reached $500 billion.
It is estimated that there are many factors immediately behind the declines. Friday's employment data fueled fears of a recession in the US economy. Following this, major indices such as the S&P 500 and Nasdaq recorded significant losses, and the cryptocurrency market took its share. In addition to the geopolitical tension of the other legs of the declines, it is evaluated that Trump's chances of winning the election have started to decrease.
In addition to all this, Jump Crypto's transactions in the market may have been hit. Jump Crypto, a crypto affiliate of algorithmic trading company Jump Trading, has transferred over $400 million in ETH to exchanges in the last two weeks. “The crazy sell-off in crypto seems to be due to the margin call area in traditional markets and therefore Jump Trading closing cryptocurrency transactions that need liquidity or are legally emerging over the weekend,” says crypto entrepreneur Julian Hosp.
According to ZeroHedge, the cryptocurrency decline is the result of a large sell order placed by a timed explosion. The report noted that the birth of the same candidate’s son was 7 days old, and that the US exchanges were entered during the entry and left open over the weekend. It is alleged that this was done in order to sell high-frequency traders (HFT) and work on short assignments, as well as to close long assignments with leverage.
😱🚀🚀Despite the market decline, these 3 Altcoins may be creating buying opportunities
Optimism (#OP ): A Hidden Gem Ready to Surge in the Next Altcoin Season Optimism ($OP ) is a cryptocurrency focused on making Ethereum transactions faster and cheaper. Even with the current market slump, the patterns hint at a repeat of 2021’s bull run. OP uses a layer-2 scaling solution, which means it can handle more transactions quickly and with lower fees. If history repeats itself, this coin could be a big winner. The technology behind OP could gain more popularity, especially when the market starts to pick up again. This makes OP look very attractive in the current market cycle.
$SUI : A New Contender Ready to Soar in the Upcoming Altcoin Season #SUI is a fresh and promising cryptocurrency with advanced technology. Its platform focuses on scalability and low transaction fees, making it ideal for everyday use. In the current market cycle, SUI shows remarkable potential to rise, much like some coins did in 2021. The coin’s innovative approach and solid foundation make it an attractive option for those looking to diversify their portfolio and capitalize on the next bull run.
Lido (#LDO ): Unlocking Staking Rewards with Potential for Big Gains Lido ($LDO ) is a cryptocurrency used in a decentralized staking solution for Ethereum. It allows users to earn rewards while their ETH remains liquid and can be traded. With the market’s recent shake-up, LDO shows promise, recalling the positive patterns of the 2021 bull run. Its technology offers flexibility and accessibility in staking, making it attractive even in today’s market cycle. As more people look for reliable staking options, LDO could see significant growth. #altcoins
😱🚀🚀We are examining 2 Altcoins with recovery potential that may be buying opportunities
Avalanche ($AVAX ) Avalanche (#AVAX ) is currently trading between $21.82 and $31.49, showing potential for a strong rebound despite recent bearish momentum. Although bears have been dominant with a recent drop of nearly 20% in one week and over 34% in six months, there is a promising upside.
If bulls can push past the $35.55 resistance, AVAX could rise to around $42.22, representing a potential 35% increase from its lower range. While caution is advised if the price dips below $22.22, which could lead to a decline towards $15.55, the overall outlook remains optimistic. The technical markers, including the RSI and MACD, indicate that with renewed buying interest, AVAX could experience significant gains. This positions AVAX for a possible strong upward move, making it an exciting opportunity for investors.
TRON ($TRX ) TRON (TRX) is currently trading between $0.13 and $0.14, but it shows significant potential for a strong recovery. If TRX can break through the resistance at $0.14, it could rise to $0.15, representing a 7% increase. The Relative Strength Index (RSI) at 66.73 and the Stochastic reading at 76.39 suggest cautious optimism, indicating that while the market sentiment shows some bullish momentum, there is room for a substantial upward move.
Recent price changes have been modest, with a 0.73% gain over the past month and a 7.55% rise over six months. Although there was a nearly 7% drop in the past week, this decline sets the stage for a potential robust recovery. If the bullish momentum strengthens, TRX could experience significant gains, making it an exciting opportunity for investors looking for growth. #binance #altcoins
😱🤯Dogwifhat (WIF) crashed: Sales are increasing in Memecoins 🔻🔻🔻
According to CoinGlass systems, #Dogwifhat ($WIF ) OI has fallen by about 28 percent from $353.4 million to $252.5 million.
Solana-based memecoin Dogwifhat’s open interest (OI) has fallen to lower levels following a price drop, with the move expected to see a retest of a critical support level in the near future. Cryptocurrency analysts have indicated that selling on dogwifhat (WIF) is likely to increase.
WIF was trading at $1.67 at the time of publication on August 3, according to CoinMarketCap’s performance, and has fallen 35.48 percent since July 27. Several crypto analysts expect Dogwifhat to encourage a test of a critical support level at 1.50 in the near future.
Cryptorphic, known for his cryptocurrency analysis, wrote in an X post on August 2, “WIF is in a recovery phase on the daily timeframe and is likely to move down towards the lower support trendline between $1.50 and $1.70.” Another crypto analyst, Scient, said, “The price is correcting towards the daily support.”
Cryptocurrency investor CryptoJack wrote in a post to his 337,000 followers, “WIF price reached the previous target and is now falling again and will probably retest the $1.5 backup.” If dogwifhat tests the $1.5 band and the downward movement in BTC continues, then a pullback to $1 can be expected for the memecoin.
The increasing BTC dominance every passing day, geopolitical problems and the increasing sales in BTC will have a negative impact on WIF. WIF investors first draw attention to $1.5 and then a band of dollars. #memecoins #WIFUSDT
😱🚀🚀Analyst: Here are 5 Altcoins to Have on Your Radar in August!
The first-ranked altcoin: #FLOW ($FLOW ) Flow will witness the development of the Crescendo Network Upgrade, which will be launched on Testnet on August 14. The major focus of the application is its scalability and decentralization. This is expected to demand the FLOW price, which is currently trading at $0.65, and increase the rally.
A break of the resistances at $0.81 and $0.96 could see the altcoin price rise to $1.00. However, failure to do so could result in a consolidation below $0.96, as FLOW did between mid-April and mid-June.
Conflux ($CFX ) is in second place. Conflux is about to undergo a major hard fork targeting the storage and overall security of the network. The hard fork, scheduled to take place on August 6, will make several changes to Proof of Stake (PoS). The altcoin price is likely to see some potential upward volatility during this time. This could help the altcoin break the 0.17 and 0.14 investment. It is also possible that it will prevent the Conflux distributions in early June. However, in the presence of currency bears, this consolidation is likely to continue. It is even possible that the breakout of the 0.14 support will intensify and the price will pull back to the $0.10 level.
We continue the list with Starknet (#STRK ). Starknet is preparing for the next expansion planned for August. This upgrade will provide the network with the feature of parallel execution. In addition, after this increase, the transaction per second (TPS) capacity is expected to increase to 250. At the same time, the recovery from the all-time lows seen in early August will also help the STRK price. The altcoin is currently trading at $0.456, having slightly recovered from 0.424 ATL. It is possible that the reversal will send the $STRK price towards the resistance in the 0.619 circle. A break and reversal of the resistance could lead to further recoveries, pushing the price towards $1.043 and above.