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Dogecoin (DOGE) Highlights This Week
Dogecoin’s performance in May didn’t show significant strength following a 12.63% increase in April. Recently, its price movement has been challenging, facing strong resistance around $0.16. Currently, it hovers near its all-time high from April 2021, which was $0.17.
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If DOGE manages to break through this critical level, it could trigger a substantial rally towards $1 or even higher. Keeping an eye on key indicators will be essential to catch any potential upward trend.
Understanding the Relative Strength Index (RSI) for Dogecoin (DOGE)
The Relative Strength Index (RSI) serves as a gauge of the balance between buying and selling pressure, scaled from 0 to 100. When RSI values exceed 70, it signals an overbought market condition, often preceding a potential price pullback, although prices can continue rising while overbought.
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Source: Coinglass
As of the latest update, DOGE’s RSI is positioned within the “neutral” zone, nearing the “weak” category, with an RSI index around 50. A movement towards the 70 mark would indicate strengthening market sentiment, potentially setting the stage for a bullish trend in the near future.
Understanding Dogecoin Whales and MVRV Ratio
Monitoring large holders, often referred to as “whales,” is critical in the cryptocurrency market due to their substantial influence on prices. Recently, on May 31, Dogecoin whales purchased more than 700 million DOGE over a span of 72 hours, totaling approximately $112 million. This surge in whale activity suggests potential upward momentum for DOGE’s price if such buying continues.
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Source: X
Another essential metric to consider is the Market Value to Realized Value (MVRV) ratio, which compares a cryptocurrency’s current market value to its average acquisition price, or realized price. A high MVRV ratio, such as 2.0, indicates that the current market price is twice the average cost basis, signaling a potentially overvalued asset. Conversely, an MVRV ratio of 1.0 suggests that the market value aligns closely with the realized price, indicating fair valuation. Tracking the MVRV ratio helps investors gauge market sentiment and potential price trends for Dogecoin.
Source: IntoTheBlock
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GameStop’s Influence on Dogecoin (DOGE) Performance
Dogecoin’s price movement often correlates with GameStop (GME), famously dubbed a “meme stock” in 2021. Analysts have observed that a significant rise in GameStop’s price has the potential to spark a bullish trend in Dogecoin.
Source: CoinMarketCap
During May, GameStop experienced a notable surge in price, nearly doubling from $11 in April to a peak of $46. This substantial increase in GameStop’s value during the month has been closely watched by cryptocurrency investors, as historical trends suggest that such movements in GME could positively impact Dogecoin’s market sentiment and trading activity.
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Elon Musk’s Influence on Dogecoin (DOGE) Price
Elon Musk has a history of significantly impacting DOGE prices through his tweets, which are often cryptic and unconventional. For instance, on April 1, 2021, Musk tweeted about SpaceX planning to send a Dogecoin to the moon. This single tweet propelled DOGE from $0.06 to an all-time high of $0.73 within a month.
Source: X
Earlier this year, X announced its transformation into an “everything app” with its own payment system, sparking speculation that Dogecoin, known to be Musk’s favorite token, could play a crucial role in the X ecosystem.
Despite no official confirmation from Musk about integrating Dogecoin into X, he has not dismissed the idea either. Given that Telegram is actively developing its blockchain, there’s speculation that X might explore crypto payments in the near future. Any hint from Musk regarding this possibility has the potential to trigger a rapid surge in DOGE prices within hours.
Dogecoin’s Potential for a Price Surge
Analyst Ali Martinez recently compared the current bearish sentiment in Dogecoin to that of February, which preceded a 200% price jump. This similarity suggests a possible massive surge in June could be imminent.
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Courtesy Ali_ Source: X
Martinez identifies significant resistance levels for Dogecoin around $0.166 to $0.171, indicating a potential for the price to double from current levels.
Source: X
Looking at the daily price chart, Dogecoin appears to have moved out of the correction zone and shows signs of reversing the downtrend. The key uncertainty now is whether the DOGE price will rebound in the immediate week or later on.
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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 #Bitcoin #Airdrop #Memecoin $DOGE $BTC $ETH
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If DOGE manages to break through this critical level, it could trigger a substantial rally towards $1 or even higher. Keeping an eye on key indicators will be essential to catch any potential upward trend.
Understanding the Relative Strength Index (RSI) for Dogecoin (DOGE)
The Relative Strength Index (RSI) serves as a gauge of the balance between buying and selling pressure, scaled from 0 to 100. When RSI values exceed 70, it signals an overbought market condition, often preceding a potential price pullback, although prices can continue rising while overbought.
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Source: Coinglass
As of the latest update, DOGE’s RSI is positioned within the “neutral” zone, nearing the “weak” category, with an RSI index around 50. A movement towards the 70 mark would indicate strengthening market sentiment, potentially setting the stage for a bullish trend in the near future.
Understanding Dogecoin Whales and MVRV Ratio
Monitoring large holders, often referred to as “whales,” is critical in the cryptocurrency market due to their substantial influence on prices. Recently, on May 31, Dogecoin whales purchased more than 700 million DOGE over a span of 72 hours, totaling approximately $112 million. This surge in whale activity suggests potential upward momentum for DOGE’s price if such buying continues.
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Source: X
Another essential metric to consider is the Market Value to Realized Value (MVRV) ratio, which compares a cryptocurrency’s current market value to its average acquisition price, or realized price. A high MVRV ratio, such as 2.0, indicates that the current market price is twice the average cost basis, signaling a potentially overvalued asset. Conversely, an MVRV ratio of 1.0 suggests that the market value aligns closely with the realized price, indicating fair valuation. Tracking the MVRV ratio helps investors gauge market sentiment and potential price trends for Dogecoin.
Source: IntoTheBlock
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GameStop’s Influence on Dogecoin (DOGE) Performance
Dogecoin’s price movement often correlates with GameStop (GME), famously dubbed a “meme stock” in 2021. Analysts have observed that a significant rise in GameStop’s price has the potential to spark a bullish trend in Dogecoin.
Source: CoinMarketCap
During May, GameStop experienced a notable surge in price, nearly doubling from $11 in April to a peak of $46. This substantial increase in GameStop’s value during the month has been closely watched by cryptocurrency investors, as historical trends suggest that such movements in GME could positively impact Dogecoin’s market sentiment and trading activity.
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Elon Musk’s Influence on Dogecoin (DOGE) Price
Elon Musk has a history of significantly impacting DOGE prices through his tweets, which are often cryptic and unconventional. For instance, on April 1, 2021, Musk tweeted about SpaceX planning to send a Dogecoin to the moon. This single tweet propelled DOGE from $0.06 to an all-time high of $0.73 within a month.
Source: X
Earlier this year, X announced its transformation into an “everything app” with its own payment system, sparking speculation that Dogecoin, known to be Musk’s favorite token, could play a crucial role in the X ecosystem.
Despite no official confirmation from Musk about integrating Dogecoin into X, he has not dismissed the idea either. Given that Telegram is actively developing its blockchain, there’s speculation that X might explore crypto payments in the near future. Any hint from Musk regarding this possibility has the potential to trigger a rapid surge in DOGE prices within hours.
Dogecoin’s Potential for a Price Surge
Analyst Ali Martinez recently compared the current bearish sentiment in Dogecoin to that of February, which preceded a 200% price jump. This similarity suggests a possible massive surge in June could be imminent.
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Courtesy Ali_ Source: X
Martinez identifies significant resistance levels for Dogecoin around $0.166 to $0.171, indicating a potential for the price to double from current levels.
Source: X
Looking at the daily price chart, Dogecoin appears to have moved out of the correction zone and shows signs of reversing the downtrend. The key uncertainty now is whether the DOGE price will rebound in the immediate week or later on.
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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 #Bitcoin #Airdrop #Memecoin $DOGE $BTC $ETH
Notcoin (NOT) Price Surges 20%; Can TON-Based Coin Turn Things Around?
On Friday, June 14, Notcoin (NOT) saw a significant rally of nearly 20%, outperforming other meme coins despite declines in Bitcoin (BTC) and Ethereum (ETH) prices.
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This surge marked Notcoin’s strongest performance in recent weeks, reflecting positive momentum and potential growth in the cryptocurrency market.
Notcoin (NOT) Surges on Exchange Listings and Trading Volume Growth
Notcoin (NOT) experienced a notable price surge of nearly 20% on Friday, June 14, driven partly by significant developments in its trading availability. Coinbase recently announced plans to introduce Notcoin perpetual futures on its platforms, Coinbase International Exchange and Coinbase Advanced, starting after June 20. This news contributed to boosting investor confidence and driving up Notcoin’s price.
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Additionally, Binance’s decision to expand trading options for NOT, which it listed officially in May 2024, further fueled the token’s gains.
NOT_7D_graph_coinmarketcap
Despite a subsequent 4% correction after the initial spike, Notcoin (NOT) continues to trade actively at $0.019 at the time of writing. Notcoin is primarily known as a gaming token, boasting a user base of over 35 million. Since February, the token has seen remarkable growth, surging by an impressive 400% in May alone. In the past week, NOT also witnessed a substantial 67% increase in daily trading volume, surpassing even Shiba Inu, with trading volumes reaching $926.27 million.
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Currently, Notcoin (NOT) holds a market capitalization of $19 billion, reflecting its growing prominence and investor interest in the cryptocurrency market.
Notcoin (NOT) and TON Token Show Strong Performance Amid Market Trends
Notcoin (NOT) and TON Token have both shown impressive performance recently, reflecting positive trends in the cryptocurrency market.
Notcoin (NOT) followed a trajectory similar to TON’s recent surge. On Friday, June 14, Notcoin’s price surged nearly 20%, marking a significant uptick in its performance amid challenges faced by major cryptocurrencies like Bitcoin and Ethereum. This rally was partly driven by Coinbase’s announcement to introduce Notcoin perpetual futures on its platforms, scheduled to commence after June 20. Furthermore, Binance’s expansion of trading options for NOT, following its official listing in May 2024, also contributed to the token’s upward momentum.
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Meanwhile, TON Token, based on the Telegram network, experienced a brief decline in early June but rebounded strongly later in the month. Over the past week, TON’s price surged from $7.25 to $8.25, buoyed by its extensive user base of 900 million on Telegram. This surge has positioned TON ahead of Ethereum in terms of new addresses created, indicating robust growth potential moving forward.
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According to analyst Ali Martinez, TON Token is poised for a significant 40% bullish movement, with a target price set at $11. This optimistic outlook underscores the positive sentiment surrounding both Notcoin (NOT) and TON Token as they navigate the cryptocurrency market landscape.
Courtesy Ali_Source: X
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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.
#NOT #Notcoin #Bitcoin #Airdrop #Memecoin $NOT $BTC $ETH
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This surge marked Notcoin’s strongest performance in recent weeks, reflecting positive momentum and potential growth in the cryptocurrency market.
Notcoin (NOT) Surges on Exchange Listings and Trading Volume Growth
Notcoin (NOT) experienced a notable price surge of nearly 20% on Friday, June 14, driven partly by significant developments in its trading availability. Coinbase recently announced plans to introduce Notcoin perpetual futures on its platforms, Coinbase International Exchange and Coinbase Advanced, starting after June 20. This news contributed to boosting investor confidence and driving up Notcoin’s price.
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Additionally, Binance’s decision to expand trading options for NOT, which it listed officially in May 2024, further fueled the token’s gains.
NOT_7D_graph_coinmarketcap
Despite a subsequent 4% correction after the initial spike, Notcoin (NOT) continues to trade actively at $0.019 at the time of writing. Notcoin is primarily known as a gaming token, boasting a user base of over 35 million. Since February, the token has seen remarkable growth, surging by an impressive 400% in May alone. In the past week, NOT also witnessed a substantial 67% increase in daily trading volume, surpassing even Shiba Inu, with trading volumes reaching $926.27 million.
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Currently, Notcoin (NOT) holds a market capitalization of $19 billion, reflecting its growing prominence and investor interest in the cryptocurrency market.
Notcoin (NOT) and TON Token Show Strong Performance Amid Market Trends
Notcoin (NOT) and TON Token have both shown impressive performance recently, reflecting positive trends in the cryptocurrency market.
Notcoin (NOT) followed a trajectory similar to TON’s recent surge. On Friday, June 14, Notcoin’s price surged nearly 20%, marking a significant uptick in its performance amid challenges faced by major cryptocurrencies like Bitcoin and Ethereum. This rally was partly driven by Coinbase’s announcement to introduce Notcoin perpetual futures on its platforms, scheduled to commence after June 20. Furthermore, Binance’s expansion of trading options for NOT, following its official listing in May 2024, also contributed to the token’s upward momentum.
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Meanwhile, TON Token, based on the Telegram network, experienced a brief decline in early June but rebounded strongly later in the month. Over the past week, TON’s price surged from $7.25 to $8.25, buoyed by its extensive user base of 900 million on Telegram. This surge has positioned TON ahead of Ethereum in terms of new addresses created, indicating robust growth potential moving forward.
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According to analyst Ali Martinez, TON Token is poised for a significant 40% bullish movement, with a target price set at $11. This optimistic outlook underscores the positive sentiment surrounding both Notcoin (NOT) and TON Token as they navigate the cryptocurrency market landscape.
Courtesy Ali_Source: X
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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.
#NOT #Notcoin #Bitcoin #Airdrop #Memecoin $NOT $BTC $ETH
Solana (SOL) Price Falls Due to Decreased Investor Interest
Solana (SOL) has experienced a drop below $150 in the last 24 hours, potentially marking a monthly low. Investor sentiment appears increasingly skeptical, reflected in the Open Interest (OI).
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Institutions that previously favored SOL up until May are now diversifying their investments into Litecoin (LTC) and Chainlink (LINK).
Solana Faces Investor Pullback and Shift in Institutional Preference
Solana’s price is currently feeling the impact of investor pullback, evident in the declining open interest (OI) and inflows. Investors are increasingly cautious, reflecting broader market uncertainties and volatility. Over the past week, OI has dropped by over $500 million, decreasing from $2.5 billion to $2 billion.
Until recently, institutional investors had favored Solana (SOL), showing confidence in its potential up until the end of May. However, this sentiment has shifted significantly.
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Institutions are now diversifying their portfolios by reallocating investments into Ripple (XRP), Litecoin (LTC), and Chainlink (LINK). This strategic move aims to manage risks effectively and capitalize on opportunities presented by other cryptocurrencies.
During the week ending June 8, each of these three assets received approximately $0.7 million in inflows. While Solana maintains its position with the highest year-to-date inflows, this dominance is being challenged, particularly by Ripple (XRP), which saw inflows nearing $1.2 million.
Solana Price Outlook and Support Levels
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Solana (SOL) is currently trading at $144, with expectations of a potential decline to test $137 as a support level, which has historically served as a monthly low for SOL. Continued investor skepticism may drive the altcoin’s price further down to $126.
However, if Solana manages to rebound from $137 or earlier and reestablishes $150 as a support level, it could prompt a swift recovery. Breaking through the $156 mark is crucial for SOL, as securing this level as support could lead to a bounce back towards $170. Such a move would not only help recover recent losses but also invalidate the bearish outlook.
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.
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#SOL #Solana #BinanceTournament #AirdropGuide #BTCFOMCWatch $SOL $BTC $ETH
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Institutions that previously favored SOL up until May are now diversifying their investments into Litecoin (LTC) and Chainlink (LINK).
Solana Faces Investor Pullback and Shift in Institutional Preference
Solana’s price is currently feeling the impact of investor pullback, evident in the declining open interest (OI) and inflows. Investors are increasingly cautious, reflecting broader market uncertainties and volatility. Over the past week, OI has dropped by over $500 million, decreasing from $2.5 billion to $2 billion.
Until recently, institutional investors had favored Solana (SOL), showing confidence in its potential up until the end of May. However, this sentiment has shifted significantly.
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Institutions are now diversifying their portfolios by reallocating investments into Ripple (XRP), Litecoin (LTC), and Chainlink (LINK). This strategic move aims to manage risks effectively and capitalize on opportunities presented by other cryptocurrencies.
During the week ending June 8, each of these three assets received approximately $0.7 million in inflows. While Solana maintains its position with the highest year-to-date inflows, this dominance is being challenged, particularly by Ripple (XRP), which saw inflows nearing $1.2 million.
Solana Price Outlook and Support Levels
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Solana (SOL) is currently trading at $144, with expectations of a potential decline to test $137 as a support level, which has historically served as a monthly low for SOL. Continued investor skepticism may drive the altcoin’s price further down to $126.
However, if Solana manages to rebound from $137 or earlier and reestablishes $150 as a support level, it could prompt a swift recovery. Breaking through the $156 mark is crucial for SOL, as securing this level as support could lead to a bounce back towards $170. Such a move would not only help recover recent losses but also invalidate the bearish outlook.
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.
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#SOL #Solana #BinanceTournament #AirdropGuide #BTCFOMCWatch $SOL $BTC $ETH
Solana (SOL) Price Falls Due to Decreased Investor Interest
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#SOL #Solana #BinanceTournament #AirdropGuide #BTCFOMCWatch $SOL $BTC $ETH
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#SOL #Solana #BinanceTournament #AirdropGuide #BTCFOMCWatch $SOL $BTC $ETH
XRP Forecasted to Surge 20X to $10 by Frankfurt Stock Exchange
Recent chart analysis at the Frankfurt Stock Exchange in Germany suggests that XRP could potentially surge by over 2,000% this year to reach $10. Oliver Michel, CEO of Tokentus Investment AG, conducted this analysis during an interview with a Der Aktionär reporter. The focus was on XRP’s expected performance in 2024 and the reasons for investor optimism.
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During the interview, the correspondent noted a significant contrast in the charts of Ethereum and Solana compared to XRP. While Ethereum and Solana showed upward trends, XRP’s chart displayed declining candles. Michel clarified that the XRP chart was viewed on a monthly scale, spanning from 2014 to June 2024. He acknowledged that XRP had shown minimal movement over the past year, trading between $0.50 and $0.52.
XRP’s Growth Potential: Frankfurt Stock Exchange Analysis
Oliver Michel, CEO of Tokentus Investment AG, highlighted XRP’s historical performance during a recent interview at the Frankfurt Stock Exchange. He pointed out that from 2014 to early 2017, XRP formed a wedge pattern that resulted in an initial breakout, leading to a remarkable 4,300% increase. Starting as low as $0.006 in January 2017, XRP surged to $0.2522 by December of that year, marking a 40-fold rise.
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Michel further noted that after moving sideways briefly, XRP completed its breakout rally, reaching an all-time high of $3.84. He estimated that XRP’s trajectory from its lowest prices before the ATH represented an astonishing 39,700% increase.
The CEO attributed widespread optimism in XRP to its historical performance, with the community hoping for similar impressive growth amid its current underperformance. Michel highlighted the formation of a bullish wedge pattern over the years, suggesting that pressure is mounting for an anticipated upward breakout. “Everyone is anticipating an upward breakout soon,” he remarked.
Analyst’s Optimistic Outlook for XRP’s Price Growth
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Oliver Michel, CEO of Tokentus Investment AG, expressed optimism about XRP’s potential for significant price growth during a discussion at the Frankfurt Stock Exchange. He mentioned that while a repeat of the 40-fold increase seen in previous years isn’t necessary, he would be content with a 20-fold gain, aiming for XRP to reach price levels of $8, $9, or $10 this year.
“That would be quite nice. It’s something to hope and wait for, and that’s what I’m doing,” Michel remarked.
The bullish analysis presented by Michel was highlighted by XRP DROPZ, a prominent community-based account focused on XRP-related news and developments.
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Michel, known for his bullish stance on XRP, has publicly disclosed his investment in the asset. In a previous analysis, he confidently suggested that XRP has the potential to become a world reserve currency.
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.
#XRP #Ripple #SEC #DoKwon #Trump $XRP $BTC $ETH
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During the interview, the correspondent noted a significant contrast in the charts of Ethereum and Solana compared to XRP. While Ethereum and Solana showed upward trends, XRP’s chart displayed declining candles. Michel clarified that the XRP chart was viewed on a monthly scale, spanning from 2014 to June 2024. He acknowledged that XRP had shown minimal movement over the past year, trading between $0.50 and $0.52.
XRP’s Growth Potential: Frankfurt Stock Exchange Analysis
Oliver Michel, CEO of Tokentus Investment AG, highlighted XRP’s historical performance during a recent interview at the Frankfurt Stock Exchange. He pointed out that from 2014 to early 2017, XRP formed a wedge pattern that resulted in an initial breakout, leading to a remarkable 4,300% increase. Starting as low as $0.006 in January 2017, XRP surged to $0.2522 by December of that year, marking a 40-fold rise.
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Michel further noted that after moving sideways briefly, XRP completed its breakout rally, reaching an all-time high of $3.84. He estimated that XRP’s trajectory from its lowest prices before the ATH represented an astonishing 39,700% increase.
The CEO attributed widespread optimism in XRP to its historical performance, with the community hoping for similar impressive growth amid its current underperformance. Michel highlighted the formation of a bullish wedge pattern over the years, suggesting that pressure is mounting for an anticipated upward breakout. “Everyone is anticipating an upward breakout soon,” he remarked.
Analyst’s Optimistic Outlook for XRP’s Price Growth
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Oliver Michel, CEO of Tokentus Investment AG, expressed optimism about XRP’s potential for significant price growth during a discussion at the Frankfurt Stock Exchange. He mentioned that while a repeat of the 40-fold increase seen in previous years isn’t necessary, he would be content with a 20-fold gain, aiming for XRP to reach price levels of $8, $9, or $10 this year.
“That would be quite nice. It’s something to hope and wait for, and that’s what I’m doing,” Michel remarked.
The bullish analysis presented by Michel was highlighted by XRP DROPZ, a prominent community-based account focused on XRP-related news and developments.
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Michel, known for his bullish stance on XRP, has publicly disclosed his investment in the asset. In a previous analysis, he confidently suggested that XRP has the potential to become a world reserve currency.
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.
#XRP #Ripple #SEC #DoKwon #Trump $XRP $BTC $ETH
Shiba Inu Reveals Altcoin That Could Transform the SHIB Ecosystem
Shiba Inu’s ecosystem team has highlighted Kendu Inu (KENDU), an altcoin that could transform the SHIB universe. This was revealed in the 27th edition of their weekly magazine, published on June 5.
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The magazine explains that Kendu Inu is a memecoin inspired by the Japanese dog breed Kai Ken. The team behind this token aims to break away from traditional norms by focusing on identity and community rather than standard tokenomics.
Kendu Inu’s Unique Approach to the SHIB Ecosystem
Although Kendu Inu embodies the relentless spirit of Shiba Inu, it does not follow the pattern of other tokens within the ecosystem, which aim to burn SHIB and BONE. Instead, the Kendu team, led by its pseudonymous founder, Kendu Miazaki, is focused on building a strong brand and a cult-like following united by a shared vision before taking on other responsibilities.
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“We are first and foremost a meme coin, focusing on the brand first,” Miazaki remarked. “You can have the best product in the world, but if nobody knows about it, then nobody knows about it, and nobody will use it.”
Kendu Inu: Growing Influence and Market Position
As of the magazine’s publication, Kendu Inu had garnered a following of 6,000 users, a number that surged to over 10,043 in the hours leading up to press time.
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Kendu Inu employs a brand-first strategy to distinguish itself in the competitive memecoin space. It aims to significantly contribute to the growth of the Shibarium ecosystem by attracting new users and fostering innovative ideas, with aspirations of achieving a billion-dollar market cap.
Currently, KENDU boasts a market cap of $203.61 million, ranking as the 2,743rd largest cryptocurrency on CoinMarketCap. The token is priced at $0.0002048, reflecting a 9.38% decline over the past 24 hours. At this price, KENDU is down 24.17% from its all-time high of $0.0002694, recorded on June 13, 2024.
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Despite its recent launch, KENDU has already secured listings on major crypto exchanges such as LBank, BitMart, and Poloniex. According to CoinMarketCap, the token’s 24-hour trading volume decreased by 20.24% to $4.85 million.
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.
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The magazine explains that Kendu Inu is a memecoin inspired by the Japanese dog breed Kai Ken. The team behind this token aims to break away from traditional norms by focusing on identity and community rather than standard tokenomics.
Kendu Inu’s Unique Approach to the SHIB Ecosystem
Although Kendu Inu embodies the relentless spirit of Shiba Inu, it does not follow the pattern of other tokens within the ecosystem, which aim to burn SHIB and BONE. Instead, the Kendu team, led by its pseudonymous founder, Kendu Miazaki, is focused on building a strong brand and a cult-like following united by a shared vision before taking on other responsibilities.
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“We are first and foremost a meme coin, focusing on the brand first,” Miazaki remarked. “You can have the best product in the world, but if nobody knows about it, then nobody knows about it, and nobody will use it.”
Kendu Inu: Growing Influence and Market Position
As of the magazine’s publication, Kendu Inu had garnered a following of 6,000 users, a number that surged to over 10,043 in the hours leading up to press time.
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Kendu Inu employs a brand-first strategy to distinguish itself in the competitive memecoin space. It aims to significantly contribute to the growth of the Shibarium ecosystem by attracting new users and fostering innovative ideas, with aspirations of achieving a billion-dollar market cap.
Currently, KENDU boasts a market cap of $203.61 million, ranking as the 2,743rd largest cryptocurrency on CoinMarketCap. The token is priced at $0.0002048, reflecting a 9.38% decline over the past 24 hours. At this price, KENDU is down 24.17% from its all-time high of $0.0002694, recorded on June 13, 2024.
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Despite its recent launch, KENDU has already secured listings on major crypto exchanges such as LBank, BitMart, and Poloniex. According to CoinMarketCap, the token’s 24-hour trading volume decreased by 20.24% to $4.85 million.
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.
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Terra’s Future After $4.47B SEC Settlement
The Terra network and its leader, Do Kwon, once reached the top of the crypto world but collapsed within days in May 2022, wiping out the savings of many everyday investors. In February 2023, the U.S. Securities and Exchange Commission (SEC) sued Kwon and his company, Terraform Labs, for selling unregistered securities and defrauding investors during Terra’s dramatic collapse.
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Recently, Kwon and Terraform settled their SEC civil fraud case, agreeing to pay $4.5 billion in penalties and disgorgement. The settlement, approved by District Court Judge Jed Rakoff of the Southern District of New York on June 13, requires Terraform Labs to cease operations immediately and seek approval for a Chapter 11 liquidation plan in its bankruptcy case.
Terraform Labs Winds Down Operations Amid Legal Defeat
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Terraform Labs’s current CEO, Chris Amani, asked the community on Wednesday to take over the reins of the Terra network as the company winds down. “[Terraform Labs] always intended to dissolve at some point, and that point is now,” Amani said on X (formerly known as Twitter). “We will be winding down operations completely.”
The SEC scored a major victory against Kwon and Terraform Labs two months ago when a jury found the company and its founder had conducted securities fraud through misrepresentations regarding Terra’s success and UST/LUNA stability.
Before this legal defeat, Terraform Labs and its community were well-positioned to advance the Terra ecosystem, according to Amani. However, after the significant court loss, the CEO indicated that the company “can no longer operate.”
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Terraform Labs to Sell Key Projects and Transition to Community Control
Terraform Labs CEO, Chris Amani, announced that the company will sell several key projects, including the portfolio manager Pulsar Finance, the Cosmos wallet Station, and the Enterprise Protocol, which is used for creating DAOs within the Cosmos ecosystem.
Amani noted that the Terra and Terra Classic blockchains can continue operating under the community’s control. “The community will need to take over ownership of the chain,” Amani said, suggesting a community-led governance model that could transform how crypto projects operate after such predicaments.
He also mentioned plans for a community proposal to burn all of the company’s remaining vested LUNA tokens.
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Amani’s announcement comes nearly a year after he was named the firm’s director and CEO. He took over from Do Kwon in July 2023, having previously served as the firm’s chief operating officer. His predecessor, Do Kwon, was embroiled in personal legal issues at the time.
Following Terraform Labs’ decision to dissolve operations, the prices of LUNA and LUNC have dropped by 5.6% and 4.8% respectively in the last 24 hours. Despite this, Amani indicated that there are more plans in the works and promised to communicate with the community once the courts approve these plans.
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.
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Recently, Kwon and Terraform settled their SEC civil fraud case, agreeing to pay $4.5 billion in penalties and disgorgement. The settlement, approved by District Court Judge Jed Rakoff of the Southern District of New York on June 13, requires Terraform Labs to cease operations immediately and seek approval for a Chapter 11 liquidation plan in its bankruptcy case.
Terraform Labs Winds Down Operations Amid Legal Defeat
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Terraform Labs’s current CEO, Chris Amani, asked the community on Wednesday to take over the reins of the Terra network as the company winds down. “[Terraform Labs] always intended to dissolve at some point, and that point is now,” Amani said on X (formerly known as Twitter). “We will be winding down operations completely.”
The SEC scored a major victory against Kwon and Terraform Labs two months ago when a jury found the company and its founder had conducted securities fraud through misrepresentations regarding Terra’s success and UST/LUNA stability.
Before this legal defeat, Terraform Labs and its community were well-positioned to advance the Terra ecosystem, according to Amani. However, after the significant court loss, the CEO indicated that the company “can no longer operate.”
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Terraform Labs to Sell Key Projects and Transition to Community Control
Terraform Labs CEO, Chris Amani, announced that the company will sell several key projects, including the portfolio manager Pulsar Finance, the Cosmos wallet Station, and the Enterprise Protocol, which is used for creating DAOs within the Cosmos ecosystem.
Amani noted that the Terra and Terra Classic blockchains can continue operating under the community’s control. “The community will need to take over ownership of the chain,” Amani said, suggesting a community-led governance model that could transform how crypto projects operate after such predicaments.
He also mentioned plans for a community proposal to burn all of the company’s remaining vested LUNA tokens.
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Amani’s announcement comes nearly a year after he was named the firm’s director and CEO. He took over from Do Kwon in July 2023, having previously served as the firm’s chief operating officer. His predecessor, Do Kwon, was embroiled in personal legal issues at the time.
Following Terraform Labs’ decision to dissolve operations, the prices of LUNA and LUNC have dropped by 5.6% and 4.8% respectively in the last 24 hours. Despite this, Amani indicated that there are more plans in the works and promised to communicate with the community once the courts approve these plans.
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.
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What’s Next for BOOK OF MEME (BOME) After Regaining $0.01?
The recent drop pushed the price below the bullish range, starting a new downward trend. However, as selling pressure eases, the BOME price is expected to rise by 35% soon.
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As the weekend approaches, crypto traders are expecting increased market volatility. This anticipation has led to momentum in memecoins, with BOOK OF MEME (BOME) following Pepe’s upward trend. In the past few hours, BOME’s price has surged by 15%, showing strong bullish activity. This suggests that BOME may continue to rise over the weekend and start the new week on a positive note.
BOME Price Overtakes Major Tokens in Memecoin Rally
In the early hours of the day, the PEPE price led the memecoin rally. However, as the day progressed, the BOOK OF MEME (BOME) price outperformed other major tokens. The market is currently consolidating, and while some altcoins are following this trend, the BOME price and a few other memecoins have triggered a strong upswing. To sustain this momentum, BOME needs to rise above crucial resistance levels, which would indicate a break from bearish influence.
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Despite its promising start, the BOME price has struggled to establish a strong upward trend since it began trading a few weeks ago. The price has been confined within a predefined range, and despite a consolidated upswing, it has failed to break the critical resistance at $0.015. However, the memecoin recently rebounded before hitting the lower support zone below $0.009. This suggests that the bulls are regaining strength, potentially elevating the price levels in the near future.
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Bullish Signs for BOME Price Amid Technical Indicators
The recent rebound in the RSI levels and diminishing selling pressure observed in the MACD are reinforcing bullish sentiments for the BOOK OF MEME (BOME) price. The MACD indicator, despite not yet displaying a bullish crossover, suggests potential upward movement in the coming hours. This anticipated crossover could signal a shift towards bullish momentum.
Traders and analysts anticipate that once the MACD confirms a bullish crossover, the BOME price will likely initiate a fresh upswing towards recent highs. This upward movement aims to breach the local resistance levels, particularly targeting a breakthrough above $0.018. If successful, this could pave the way for BOME to test the $0.02 mark, marking a significant milestone for the token’s price trajectory.
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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.
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As the weekend approaches, crypto traders are expecting increased market volatility. This anticipation has led to momentum in memecoins, with BOOK OF MEME (BOME) following Pepe’s upward trend. In the past few hours, BOME’s price has surged by 15%, showing strong bullish activity. This suggests that BOME may continue to rise over the weekend and start the new week on a positive note.
BOME Price Overtakes Major Tokens in Memecoin Rally
In the early hours of the day, the PEPE price led the memecoin rally. However, as the day progressed, the BOOK OF MEME (BOME) price outperformed other major tokens. The market is currently consolidating, and while some altcoins are following this trend, the BOME price and a few other memecoins have triggered a strong upswing. To sustain this momentum, BOME needs to rise above crucial resistance levels, which would indicate a break from bearish influence.
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Despite its promising start, the BOME price has struggled to establish a strong upward trend since it began trading a few weeks ago. The price has been confined within a predefined range, and despite a consolidated upswing, it has failed to break the critical resistance at $0.015. However, the memecoin recently rebounded before hitting the lower support zone below $0.009. This suggests that the bulls are regaining strength, potentially elevating the price levels in the near future.
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Bullish Signs for BOME Price Amid Technical Indicators
The recent rebound in the RSI levels and diminishing selling pressure observed in the MACD are reinforcing bullish sentiments for the BOOK OF MEME (BOME) price. The MACD indicator, despite not yet displaying a bullish crossover, suggests potential upward movement in the coming hours. This anticipated crossover could signal a shift towards bullish momentum.
Traders and analysts anticipate that once the MACD confirms a bullish crossover, the BOME price will likely initiate a fresh upswing towards recent highs. This upward movement aims to breach the local resistance levels, particularly targeting a breakthrough above $0.018. If successful, this could pave the way for BOME to test the $0.02 mark, marking a significant milestone for the token’s price trajectory.
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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.
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Cardano (ADA) Skyrockets 29% in Volume Amid Crypto Bloodbath
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Cardano (ADA) trading volume increases 29% as speculators try to ride market
In the last 24 hours, Cardano (ADA) saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass.
This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market.
According to CoinMarketCap, Cardano spot trading volume on exchanges totaled $466 million, bringing the total trading volume to nearly $1 billion.
The trend toward futures trading suggests the more speculative nature of trading over long-term investment. The modest change in spot market activity supports this trend, indicating that traders were more focused on futures trading for potential short-term gains.
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Cardano (ADA) trading volume increases 29% as speculators try to ride market
In the last 24 hours, Cardano (ADA) saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass.
This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market.
According to CoinMarketCap, Cardano spot trading volume on exchanges totaled $466 million, bringing the total trading volume to nearly $1 billion.
The trend toward futures trading suggests the more speculative nature of trading over long-term investment. The modest change in spot market activity supports this trend, indicating that traders were more focused on futures trading for potential short-term gains.
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Cardano Founder Charles Hoskinson Reveals Next Steps for ADA Governance
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Charles Hoskinson, the founder of Cardano, explained the plans for the Cardano blockchain governance.
He pointed out that the deployment of decentralized representatives (dReps) will significantly shift the control of the treasury even without a complete constitution.
This is expected to happen within 90 days after the significant Cardano update, referred to as the Chang hard fork.
The adoption of decentralized governance mechanisms via CIP-1694, launched in November 2022, was a significant shift for the Cardano network.
This framework ensures the involvement of all ADA stakeholders in the governance process.
Furthermore, it creates a well-coordinated system where three main entities – Delegated Representatives (DRePs), Constitutional Committee (CC), and Stake Pool Operators (SPOs) – are involved
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Charles Hoskinson, the founder of Cardano, explained the plans for the Cardano blockchain governance.
He pointed out that the deployment of decentralized representatives (dReps) will significantly shift the control of the treasury even without a complete constitution.
This is expected to happen within 90 days after the significant Cardano update, referred to as the Chang hard fork.
The adoption of decentralized governance mechanisms via CIP-1694, launched in November 2022, was a significant shift for the Cardano network.
This framework ensures the involvement of all ADA stakeholders in the governance process.
Furthermore, it creates a well-coordinated system where three main entities – Delegated Representatives (DRePs), Constitutional Committee (CC), and Stake Pool Operators (SPOs) – are involved
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PEPE Price Prediction 2024-2030: Will Pepe Coin Dominate Dogecoin And Shiba Inu In 2024?
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Pepe prices face bearish pressure toward $0.000012.
Our pepe price prediction 2024 expects the maximum price of $0.0025
In 2030, we expect the Pepe price to touch $0.0258.
The meme coin sector momentarily slows down, hinting at a potential rally if the broader market stabilizes after its recent downturn. Specifically, PEPE coin prices display a bullish pattern, presenting an opportunity for a breakout based on the daily chart analysis.
Moreover, the volatility typical of meme coins is exacerbated by the prevailing market uncertainty. This causes fluctuations in PEPE prices, as they oscillate in search of a solid support level to initiate a recovery.
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Pepe prices face bearish pressure toward $0.000012.
Our pepe price prediction 2024 expects the maximum price of $0.0025
In 2030, we expect the Pepe price to touch $0.0258.
The meme coin sector momentarily slows down, hinting at a potential rally if the broader market stabilizes after its recent downturn. Specifically, PEPE coin prices display a bullish pattern, presenting an opportunity for a breakout based on the daily chart analysis.
Moreover, the volatility typical of meme coins is exacerbated by the prevailing market uncertainty. This causes fluctuations in PEPE prices, as they oscillate in search of a solid support level to initiate a recovery.
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Dogecoin (DOGE) Statement from Major Short Seller Company
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A company that has been described as a short seller in the market for years announced its new move and referred to Dogecoin.
Citron Research, a well-known short selling organization, announced that it will no longer short GameStop (GME). However, according to the statement, this decision is based not on the company's fundamentals, but on the institution's respect for the irrationality of the market.
Citron Research said in a statement: “Citron is no longer shorting GME. This is not because we believe a turnaround in the company's fundamentals is imminent, but because with $4 billion in the bank, they have enough leeway to appease their cult-like shareholders.”
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A company that has been described as a short seller in the market for years announced its new move and referred to Dogecoin.
Citron Research, a well-known short selling organization, announced that it will no longer short GameStop (GME). However, according to the statement, this decision is based not on the company's fundamentals, but on the institution's respect for the irrationality of the market.
Citron Research said in a statement: “Citron is no longer shorting GME. This is not because we believe a turnaround in the company's fundamentals is imminent, but because with $4 billion in the bank, they have enough leeway to appease their cult-like shareholders.”
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Shiba Inu’s Surprise Flip: What’s Behind the Meme Coin’s Market Cap Surge?
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Shiba Inu surpasses Avalanche in market cap, reaching $12.71B vs. $12.60B.
Shiba Inu’s burn rate surges 2,814%, with 7.9 million tokens burned.
Avalanche’s price drops 11%, despite ecosystem growth and partnerships.
Shiba Inu (SHIB) has overtaken Avalanche (AVAX) in market capitalization, marking a significant shift in the cryptocurrency rankings.
As of the latest data from CoinMarketCap, Shiba Inu’s market capitalization is $12.71 billion, slightly ahead of Avalanche’s $12.60 billion. This change has propelled Shiba Inu to the 11th spot in the market cap rankings, pushing Avalanche to 12th.
At press time, Shiba Inu was trading at $0.000022, with a 24-hour trading volume of $786,592,387. The token is down 2.33% in the last 24 hours.
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Shiba Inu surpasses Avalanche in market cap, reaching $12.71B vs. $12.60B.
Shiba Inu’s burn rate surges 2,814%, with 7.9 million tokens burned.
Avalanche’s price drops 11%, despite ecosystem growth and partnerships.
Shiba Inu (SHIB) has overtaken Avalanche (AVAX) in market capitalization, marking a significant shift in the cryptocurrency rankings.
As of the latest data from CoinMarketCap, Shiba Inu’s market capitalization is $12.71 billion, slightly ahead of Avalanche’s $12.60 billion. This change has propelled Shiba Inu to the 11th spot in the market cap rankings, pushing Avalanche to 12th.
At press time, Shiba Inu was trading at $0.000022, with a 24-hour trading volume of $786,592,387. The token is down 2.33% in the last 24 hours.
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SEC Chairman Discusses ETH ETF and Crypto Regulations
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Ripple presents itself differently from XRP Coin due to the lawsuit process.
SEC Chairman Gensler hopes for an ETH ETF launch before summer's end.
FIT21 bill could resolve conflicts between SEC and CFTC on altcoin classification.
SEC Chairman Gensler made important statements today.
He said he hopes the ETH ETF launch will happen before the end of summer and reiterated his previous statements about crypto.
The institution, which now avoids labeling ETH as a security and reversed this with its ETF approval decision, is doing other things. Access COINTURK FINANCE to get the latest financial and business news.
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Ripple presents itself differently from XRP Coin due to the lawsuit process.
SEC Chairman Gensler hopes for an ETH ETF launch before summer's end.
FIT21 bill could resolve conflicts between SEC and CFTC on altcoin classification.
SEC Chairman Gensler made important statements today.
He said he hopes the ETH ETF launch will happen before the end of summer and reiterated his previous statements about crypto.
The institution, which now avoids labeling ETH as a security and reversed this with its ETF approval decision, is doing other things. Access COINTURK FINANCE to get the latest financial and business news.
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