Cardano on Verge of "Most Significant" Milestone in Its History.

Cardano, one of the leading proof-of-stake blockchain platforms, is approaching its biggest milestone to date, according to a recent social media post shared by founder Charles Hoskinson.

Cardano has now reached the fifth stage of its ambitious roadmap called "Voltaire." This stage specifically focuses on turning the network into a self-sustaining ecosystem.

Hoskinson believes that June will be the month that Cardano Node, the network's top-level component, reaches 9.0.

The Cardano network is already Chang fork-ready, and 70% of stake pool operators (SPOs) are now supposed to install the new node.

The hard fork will consist of two major upgrades. The first one will prepare the groundwork for initiating decentralized voting as well as governance actions. The second stage will finalize the introduction of various governance features that include treasury withdrawals.

With the Voltaire phase, Cardano is supposed to enhance the level of decentralization and transparency within the ecosystem.

Without even a modicum of humility, Hoskinson claims that the Chang hard fork will mark the most significant milestone for "the entire industry." "Cardano will be a decentralized civilization spanning the entire world with millions of residents. We'll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us," he wrote on the X social media network.

Earlier this month, the controversial Cardano founder also railed against cryptocurrency influencers who believe that the network lacks fundamentals. He is convinced that there is a strong disconnect between the opinions of Cardano skeptics and reality.

It remains to be seen whether 2024 will
end up being a strong year for Cardano. So
far, ADA's performance has been rather
underwhelming in 2024, with the token
dropping out of the top 10 biggest coins by
market capitalization.

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231 Billion PEPE Withdrawal Stuns Major US Exchange: Bullish?

On Sunday morning, an unknown cryptocurrency whale bought 231.6 billion PEPE tokens from Kraken, valued at about $2.9 million. This recent purchase adds to the whale's total holdings of 750.34 billion PEPE, amounting to $8.34 million since mid-March, reports Lookonchain.

PEPE, a meme cryptocurrency inspired by
a famous cartoon frog, has been a hot
topic since its debut last May. The token
has seen substantial buying and selling
activity from various investors, including
the biggest one. A year later, the trend
continues with major transactions still
making headlines.

The whale's recent investment indicates a
strong belief in PEPE's potential for further
growth. This is notable given the token's
already impressive gains. The speculation
is that this whale expects more upward
movement, possibly driven by bullish
market trends.

Despite a volatile market, the recent whale activity suggests a positive outlook for PEPE on their behalf. The token is currently trading at $0.000013 per token, which is 40% below its all-time high but still up by an impressive 1,040% from the start of the year.

Interestingly, PEPE often moves in sync with Ethereum (ETH), making it a potential indicator for ETH's performance. This unique relationship adds another layer of interest for popular meme cryptocurrency.

Overall, the large purchase of PEPE from the major U.S. exchange is a notable event in the cryptocurrency market, suggesting a bullish outlook for the meme-based token. Enthusiasts better be watching closely to see if this whale's bet pays off.

#TopCoinsJune2024

XRP Price Prediction for June 9.

XRP/USD.

The rate of XRP has almost not changed since yesterday.

On the hourly time frame, the price of XRP has made a false breakout of the local resistance of $0.4949. If the daily bar closes far from that mark, one can expect a drop to the $0.4910-$0.4920 zone tomorrow.

On the bigger chart, traders should focus on the level of $0.49. If the candle closes below it, the decline may lead to a test of the $0.48 range.

Such a scenario is relevant until the end of next week.

From the midterm point of view, the bar is about to close far from the support and resistance levels. If that happens, traders may witness ongoing sideways trading around $0.50.

XRP is trading at $0.4954 at press time.

#TopCoinsJune2024

Bitcoin price action.

Bitcoin climbed in the past week to within 2.5% of the all-time high of $73,798 set in mid-March fueled by rising demand for exchange-traded funds (ETFs). At the time of writing, Bitcoin traded at $69,711, up almost 161% yearly.

This year's boom accelerated after the Securities and Exchange Commission allowed ETFs that invest directly in Bitcoin in January. In May, the regulator took a step toward authorizing comparable spot Ethereum ETFs.

As Bitcoin weighs its next price move, Ali, a crypto analyst, noted that it is anchored in a strong support zone between $69,380 and $67,350. This is where 1.97 million addresses acquired 964,000 BTC, and holding this level might be crucial for BTC to sustain its upward momentum.

In a bullish undertone, Ali reported that approximately 22,647 BTC, worth over $1.57 billion, were recently withdrawn from crypto exchanges.

#TopCoinsJune2024

SHIB Price Prediction for June 9.

SHIB/USD.

The rate of SHIB has fallen by 1.68% since yesterday. Over the last week, the price has fallen by 6.88%.

On the hourly chart, the rate of the altcoin is in the middle of the local channel. However, if the price reaches the $0.00002330 mark, there is a chance of a resistance breakout, followed by a move to the $0.00002360 zone.

On the daily chart, traders should pay attention to the interim level of $0.000023. If the bar closes below it and with no long wick, the decline is likely to continue to the $0.000022 range the upcoming week.

From the midterm point of view, the price of SHIB is closer to the support than to the resistance.

If bears' pressure continues, the accumulated energy might be enough for a breakout of the $0.00002078 level, followed by a profound drop to $0.000018.

SHIB is trading at $0.00002339 at press time.

#TopCoinsJune2024

Polkadot (DOT) Price: Rebound Soon?
What is Polkadot?

Polkadot is a blockchain platform and cryptocurrency, with DOT being its native token. The platform is designed to enable different blockchains to exchange messages and perform transactions without the need for a trusted third-party. This capability facilitates cross-chain transfers of data and assets, making it possible to build decentralized applications (dApps) on the Polkadot network.

The primary blockchain in the Polkadot network is the relay chain. It is responsible for network governance, validating data, achieving consensus and executing transactions. User-created parallel chains are auctioned off. These allow users to create and operate their own blockchains using Polkadot's infrastructure.

The relay chain acts as the governance layer of the Polkadot network, ensuring that all transactions and data transfers are validated and consensus is achieved across the network.

Price breakout soon?

Polkadot (DOT) is currently experiencing a local low at $6.6. This week, the price has dropped from $7.6, a key level that has repeatedly hindered the price from rising
further and caused a shift from a positive
to a negative trend. Conversely, the price
has found substantial support at $7, where
buying pressure has historically been
robust enough to prevent further decline.

Since mid-March, when DOT surged to its previous all-time high of $11.55, the cryptocurrency has faced notable challenges. First, DOT has dropped sharply to a low of $5.80 since then. After recovering from this low, DOT has been trading in a narrow range between $6.40 and $7.50 since April 14.

Polkadot is often referred to as one of the "sleeping giants" among major altcoins.

The moving averages for DOT currently signal a sell. Similarly, RSI stands at 38, placing it in the "neutral" zone. This suggests that while DOT is not currently overbought or oversold, it may be some weeks away from a significant rebound.

#TopCoinsJune2024

DOGE Price Prediction for June 8.

DOGE/USD.

DOGE has lost a lot of value today, falling by 8.21%.

Despite the sharp drop, the rate of DOGE still looks bearish. At the moment, the price is near the local support of $0.1475. If a breakout happens, the correction may continue to the $0.1450 zone soon.

On the bigger time frame, there are also no reversal signals yet. If yesterday's decline continues, traders may expect a test of the $0.1350-$0.14 zone within the next few days.

From the midterm point of view, sellers keep controlling the situation. If buyers lose the interim zone of $0.14, the accumulated energy might be enough for an ongoing correction to the nearest support level of $0.1225.

DOGE is trading at $0.1467 at press time.

#TopCoinsJune2024

Bitcoin (BTC) Price Prediction for June 8.

BTC/USD.

The price of Bitcoin (BTC) has declined by 2.73% over the last 24 hours.

On the hourly chart, the rate of BTC is in the middle of the narrow channel. Buyers may start thinking about an upward move only if they restore the price to the $69,500 zone. In this case, there is a chance of a resistance breakout.

On the daily time frame, the situation has not changed since yesterday. Neither bulls nor bears are dominating, which means sharp moves are unlikely to happen soon.

All in all, ongoing sideways trading around the $69,000 mark is the more likely scenario.

From the midterm point of view, the price of BTC has once again failed to fix above the $70,000 zone. While the rate is below that mark, one can expect a correction to the $66,000 range.

Bitcoin is trading at $69,422 at press time.

#TopCoinsJune2024

27.78 Billion Dogecoin (DOGE) in 24 Hours Stacked by Whales, What's Happening?

The Dogecoin (DOGE) ecosystem is seeing mixed performance with a slip in price but with intense accumulation by the meme coin's whales. At the time of writing, the price of Dogecoin is down by 8.35% in the past 24 hours, to $0.1475. The coin's trading volume has, however, managed to maintain a 96% surge to $1,696,311,945 amid a $1 million transaction surge.

27 billion whale boost.

According to data from the crypto analytics platform IntoTheBlock, Dogecoin whale transactions have soared by 46.6% in 24 hours. At this rate, a total of $4.2 billion DOGE has been acquired by whales thus far.

These massive buyups account for a total of 27.78 billion bagged by these large traders whose trade size represents $100,000 or more. Dogecoin has always been tagged in this frontline as it is considered one of the coins in the top 10 with a high affinity for whale buyups.

Despite the strain in the coin's breakout potential in recent times, the 27.78 billion coins purchased is considered a vote of confidence by this group of buyers. The lowered price of the coin is considered a vote of confidence for the asset whose market value dropped as low as $0.145 in the trailing seven-day period.

What's next for Dogecoin.

Dogecoin is one of the most volatile digital currencies in the market today with a very reactive community. At the moment, the coin's momentum is determined by the general pace in the market with the major determinant being Bitcoin (BTC).

On its part, Dogecoin developers are mulling the introduction of smart contract features on MyDogeWallet. Two of the features being planned include Doginals and DRC-20 with upgrades set to be implemented on the browser extension of the wallet.

With more ingrained ecosystem functionalities, a new demand avenue for Dogecoin can be created, benefiting the entire meme coin community.

#TopCoinsJune2024

SHIB Rival WIF Worst Performer in Top 100 as Crypto Dips.

Amid the most painful crypto plunge since mid-April, meme cryptocurrencies registered double-digit losses. Dogwifhat (WIF) and Bonk (BONK) dropped below major capitalization levels.

WIF collapses: Worst performing crypto in past 24 hours down by 18%.

Dogwifhat (WIF), a mid-cap meme cryptocurrency and the fourth largest digital asset in this category, demonstrates the largest losses in 24 hours compared to all the top 100 cryptos on CoinGecko.

Dogwifhat's (WIF) capitalization dropped below the significant level of $3 billion. WIF is one step away from being replaced by FLOKI as the fourth largest meme coin.

The largest meme coins Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) — are performing much better, with 9.7%, 7.5% and 11.3% respective losses.

In total, meme coin traders lost at least $20 million in long positions in the last 24 hours due to the liquidations, CoinGlass data says. The net amount of liquidations eclipsed $415 million in equivalent, the largest since April 13, 2024.

The aggregated capitalization of the crypto market lost 3.2%, while Bitcoin (BTC), the largest crypto, is 3.5% down in the last 24 hours.

WSB meme coins lost 30% in 24 hours.

At the same time, even in this painful collapse, small-sized meme coins are demonstrating amazing gains. For instance, Base meme crypto Basenji (BENJI) spiked by 33% in one day and reached a $70 million capitalization. Chompcoin (CHOMP) added 20%.

However, amid the general disappointment around the hotly-anticipated stream of Roaring Kitty, an iconic influencer of "Reddit investors," WallStreetBets-themed meme coins are bleeding.

GME, a meme coin that commemorates an eponymous stock, plunged by 33% and almost left the club of nine-digit coins.

#TopCoinsJune2024

XRP Surges 103% in Volume as Market Faces $410 Million Sell-Off.

The broader cryptocurrency market is currently facing a substantial sell-off. Amid this volatility, XRP has seen a dramatic surge in trading volume, rising by 103%.

The current sell-off has been brutal for many cryptocurrencies, wiping out significant value in a short span. According to CoinGlass data, the sell-off has resulted in $410 million in liquidations in the last 24 hours, the highest total since mid-April.

Based on CoinMarketCap data, XRP trading volume has more than doubled in the last 24 hours, reaching $2.21 billion, showing increased interest and activity among traders. This surge in volume, up by 103%, reflects the increasing attention on XRP amid broader market turmoil.

The entire crypto market tumbled on Friday as investors assessed a strong non- farm payrolls number for May raising concerns that the Federal Reserve may not lower interest rates as fast as predicted. Non-farm payrolls increased by 272,000 in May, up from 175,000 in April, surpassing an estimated 190,000. The unemployment rate, however, rose to 4% for the first time since January 2022.

Many investors had hoped that Friday's report would show that the job market and economy were slowing, persuading the Fed to ease monetary policy and lower interest rates.

XRP fell drastically in Friday's trading session due to macroeconomic developments, reaching lows of $0.454 before recovering marginally.

At the time of writing, XRP was down 5.65% in the last 24 hours to $0.4967.

The Fed is scheduled to meet next week, although rates are widely expected to remain steady both then and in July. CME figures reveal that traders are pricing in a 68% possibility of a rate cut in September.

In the immediate term, a break above the daily moving averages of 50 and 200, around $0.524 and $0.576, could imply a positive rebound. Meanwhile, further falls may target the $0.4294 level as support in the short term.

#TopCoinsJune2024

1,901 Bitcoin (BTC) Added to ETFs in Single Day, Why No Price Jump?

Bitcoin exchange-traded-funds (ETF), in a display of investor confidence, are experiencing a significant inflow surge. On June 7, a total net inflow of 1,901 Bitcoin worth $132 million was reportedly added to the ETFs in just 24 hours. According to Julian Fahrer, the inflows mark 19 straight days of such movements.

According to inflow distribution, BlackRock had the highest inflow with a whopping 2,450 BTC worth $169.2 million. Grayscale recorded an outflow of 524 BTC valued at $36.3 million, while Ark logged a double- digit, securing 99 BTC inflow at $6.9 million.

Despite these huge inflows that signal a substantial uptick in interest from investors, the price of Bitcoin dropped below the $70,000 mark to $69,428.07, down 2.56%. The non-reaction in price has sparked speculation by the broader cryptocurrency community.

Bitcoin speculations, market sentiment and future predictions.

Notably, there is a general air of uncertainty about the performance of Bitcoin given its slow rise post-halving. Some fear that a bearish session is still lurking around. However, the amount of inflows to these investors points in the opposite direction.

As per historical precedence, the lack of price movement despite the massive inflows is indicative of an incoming bullish run, given that the longer this goes sideways the higher prices spike.

Hence, prices may soar to new peaks as predicted by industry leaders like Mike Novogratz, Robert Kiyosaki and Tom Lee. Novogratz strongly believes that Bitcoin could enter a six-digit zone before this year is over, while Kiyosaki is even bolder with a striking BTC price prediction of $350,000 by August.

Interestingly, analysts suggest that Bitcoin's price follows similar patterns after halving events, with past cycles showing significant price peaks.

If the price predictions are right, the huge inflows and accumulations by BlackRock, Grayscale and other investors would have positioned them for huge profit-taking when the largest cryptocurrency asset soars.

DOGE, PEPE and WIF See Millions in Token
Liquidations, Here's What Happened.

The slump in the broader digital currency ecosystem is taking a significant toll on top meme coins in the market with a corresponding liquidation recorded. At the time of writing, the total liquidation in the broader market comes in at $413.85 million, according to data from CoinGlass.

Meme coin liquidations.

Some of the top meme coins that featured in the liquidation over the past 24 hours include Dogecoin (DOGE), PEPE and dogwifhat (WIF). This liquidation is a function of the drop in the price of these meme coins, an inevitable trend from the relative rally picked up in the past week.

The CoinGlass data pegs the PEPE as the meme coin that has suffered the most liquidation, worth $9.33 million in 24 hours. This figure comes in at 729,476,153,245 PEPE liquidated within this time span, with long traders getting "rekt" the most.

Dogecoin (DOGE) follows with a total of $8.27 million recorded in losses within the time span. This liquidated amount accounts for 56,916,724 DOGE washed-off futures and derivatives market overnight. Dogwifhat is also tagged among the most liquidated meme coins in the market with about $4.14 million recorded.

These liquidations come on the heels of the massive price drops from these meme coins. While Dogecoin tripped by 9.57%, PEPE saw its price dip by 11.28% and dogwifhat down by 18.33%.

While these three meme coins were at the forefront of the meme coin liquidations,
other top players, including Shiba Inu and FLOKI, also recorded a fair share of losses, pegged at 8.11% and 11.72%, respectively.

Bigger dip, bigger rebound.

With the major dip recorded by these tokens, there is a probability that the accompanying rally will be resounding in the coming days or weeks.

Some of these meme coins are already recording impressive updates within their ecosystem that can help fuel impressive price rebound in the near term.

#TopCoinsJune2024

Key Reasons Why MATIC (Polygon) Price Might Skyrocket.

What is MATIC?

MATIC is the native token of Polygon, a blockchain platform that aims to create a multi-chain system compatible with Ethereum. Polygon supports decentralized applications (dApps) like DeFi, DAOs and NFTs.

Originally launched as Matic Network in 2017, it rebranded to Polygon in February 2021 to expand from a single Layer 2 scaling solution to a comprehensive platform integrating multiple Layer 2 solutions and standalone blockchains.

MATIC price history.

MATIC reached a peak of $2.92 in December 2021 but has since declined to $0.71 as of June 7, a nearly 76% drop. This decline is notable given the recent bullish trends in the broader crypto market.

Over the past two months, MATIC has consistently traded below the EMA 100, indicating a bearish trend. The last significant attempt to break above the EMA 100 was on April 9. A breakout could see the price ascend to higher resistance levels, including the 0.5 Fibonacci level between $0.78 and $0.80.

Potential rally in June.

MATIC is considered a "sleeping giant" by holders who see strong growth potential. Many users stake their tokens to earn passive income, with staking yields around 3%. Polygon's recent Napoli upgrade aims to enhance scalability and performance, which could positively impact MATIC's price.

The MVRV ratio, using a 365-day moving average, has shown a buy signal with a value of -12.58%. This ratio compares MATIC's current market price to the average acquisition price of all tokens.

According to the "State of Polygon Q1 2024" report by Messari, Polygon's gaming activity surged in Q1, 2024, with daily gaming addresses increasing by 1,615% to 207,000 and daily gaming transactions rising by 469% to 734,000, driven mainly by MATRIX FIRE.

Key developments in Polygon's gaming ecosystem include the launch of the $100 million Inevitable Games Fund by Immutable, King River Capital and Polygon Labs, and Square Enix's collaboration with Animoca Brands for the NFT game Symbiogenesis.

#TopCoinsJune2024

Ethereum Price: Analyst Predicts ETH To Note 13% Gain, Here's Why.

Despite the recent dip in Ethereum price, a prominent crypto market analyst Mags predicts a potential 13% rally based on historical patterns and current market sentiment.

The Ethereum price, the world's second-largest cryptocurrency by market cap, saw a steep decline today amid a widespread crypto market selloff. Meanwhile, this drop comes in the wake of stronger-than-expected U.S. job data, which has dampened investor sentiment over a hawkish stance by the Federal Reserve.

However, despite the downturn, some analysts are optimistic about Ethereum's potential for a significant rebound.

Analyst Predicts 13% Ethereum Price Rally.

Despite Ethereum's recent price dip, a prominent crypto market analyst, known as Mags (@thescalpingpro) on the X platform, anticipates a strong recovery. In a recent X post, Mags compared the current Ethereum price trend to historical patterns, suggesting that the cryptocurrency could experience a significant rally soon. According to Mags, Ethereum is "forming a similar structure” to a previous cycle, after which the crypto has soared 13%.

Notably, Mags' analysis indicates that Ethereum might reach up to $4,200 if the predicted trend holds true. Currently, Ethereum is trading near $3,700, and this potential rally would represent a 13% increase. This optimistic forecast is based on Ethereum's historical performance, where similar patterns have led to substantial gains.

Meanwhile, supporting this outlook, Mags shared a price chart showing Ethereum's current structure, highlighting similarities to past cycles. The comparison suggests that the recent decline might be a precursor to a strong upward movement, akin to previous instances where Ethereum rallied significantly after a similar setup.

While Mags presents a bullish outlook,
not all experts share the same
optimism. A recent report from 10X
Research has introduced a more
cautious perspective. According to
their analysis, Ethereum has broken a critical support level of $3,725.

#TopCoinsJune2024

Analyst Predicts Major Bull Run in Cryptocurrency Market.

Renowned cryptocurrency analyst Lark Davis, known for his experience in many bull markets, has made a bold prediction that a significant bull run is imminent. Davis claims that the cryptocurrency market is well-positioned for more short-term gains, largely driven by institutional investors. His optimism is based on notable trends and data from various sources within the cryptocurrency market.

Key Developments Indicating a Bullish Trend.

One of the main indicators fueling Davis's bullish expectation is the high inflows into existing spot Bitcoin exchange-traded funds (ETFs) in the past few weeks. These inflows indicate increasing confidence and interest from institutional investors. Additionally, on-chain data shows that cryptocurrency whales, used to identify large crypto investors, have significantly increased their accumulation rates. This trend is often seen as a precursor to a major market rally.

For instance, transactions involving Dogecoin (DOGE) whales, each exceeding $1 million, have increased by over 150 in the last 24 hours. This rise indicates growing interest and activity among major investors in the altcoin market.
Additionally, a major investment firm, Franklin Templeton, is considering a significant investment move towards altcoins, further strengthening the bullish outlook for the cryptocurrency market.

According to Davis, the rationale behind buying cryptocurrency now is the increasing global participation of institutions, asset management companies, and pension funds. These entities are reportedly following the lead of MicroStrategy, a company heavily invested in Bitcoin. As of this report, MicroStrategy holds over 214,400 BTC, which is more than 1% of Bitcoin's total supply. The company's success has inspired other companies like Semler Scientific to invest heavily in Bitcoin. Semler Scientific has purchased $17 million worth of BTC in recent years and plans to raise $150 million to buy more BTC.

SHIB Team Makes Major Einstein Warning: Details.

The Shiba Inu team's social media expert who is known within the community simply as Lucie has issued a major statement to warn the SHIB army. While making this warning, Lucie cited the "world's greatest mind" in science - Albert Einstein.

Lucie's tweet recommends SHIB fans and Shibarium developers to "stay away from negative people. They have a problem to every solution."

Recently, the SHIB's marketing lead Lucie and other team members have been frequently publishing various important warnings to the Shiba Inu global community. Those statements mainly chased one goal - to warn the SHIB army about the danger of crypto scams, including those which have emerged recently and are now targeting the community full of nascent and inexperienced investors.

SHIB burn rate's sharp drop.

According to the data shared by the Shibburn analytics platform, over the last 24 hours, the SHIB community's efforts on decreasing the circulating Shiba Inu supply have seen a sharp drop.

The data revealed by the platform shows that since last morning the SHIB burn rate has seen a decline of 18.78%. Still, despite this negative reading, a total of 8,748,598 SHIB meme coins has been burned, i.e. transferred to unspendable blockchain wallets and locked there for good.

SHIB price negative performance.

On Friday, June 8, the second largest meme cryptocurrency by market capitalization size, SHIB, faced a sharp price decline of close to 8.4% printed by three consecutive red candles on an hourly chart.

This price drop followed a similar negative price action of the world's largest cryptocurrency Bitcoin as it plummeted by 3.7%, dropping from above the $71,650 level to the $69,030 zone. This BTC plunge was likely provoked by the poor GameStop earnings in the first quarter and the 39% GME price drop that followed. Besides, BTC was pushed down by the disappointing US government's employment report. At the time of this writing, Bitcoin is changing hands near the $69,350 level.

#TopCoinsJune2024

XRP, DOGE Armies Excited by Elon Musk's Message on X.

Serial tech entrepreneur Elon Musk, who runs SpaceX, Tesla and xAl, among other innovative tech companies, has published a celebratory X post related to the recent success of SpaceX

Musk bragged about the 300th landing of Falcon 9 on X in his recent post. Falcon 9 is a reusable racket created by SpaceX in order to transport people and payloads into Earth orbit and beyond it. It is the first reusable rocket on Earth that is able to reach the orbit and return. Thanks to the design, SpaceX can reuse the most costly parts of the rocket, thus bringing down the cost of flying to space with people and/cargo.

According to the SpaceX website, Falcon 9 has already conducted 343 launches, 300 landings, and 274 reflights in total. A week ago, Musk spread the word on X that Falcon 9 had made 14 successful launches in May alone.

The cryptocurrency community took this news enthusiastically, especially XRP and Dogecoin fans. Many accounts started tweeting "420" in comments in response to Musk's "300" X post. 420 is a number adored by Elon Musk since this is widely associated with his favorite cryptocurrency Dogecoin but also with weed. April 20 (4.20, 420) is considered to be the day of both.

Many accounts also responded with memes from the "300" movie about Spartans starring Gerald Butler. The "This is Sparta" episode from it has become viral and turned into a popular meme.

Elon Musk's target with SpaceX is to be
able to send a human mission to Mars and
establish a self-sustained colony on this planet in order to make humanity a multi-planetary species. In a recent interview, Musk said that he expects humans to land
on March within next seven or eight years.

#TopCoinsJune2024

Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH.

Philip Swift, the founder of the on-chain analytics platform LookIntoBitcoin, recently highlighted the significant increase in global liquidity, which just hit a new all-time high (ATH). Swift suggested this was a crucial indicator of how Bitcoin can rise in this bull run.

The Most Important Indicator For Bitcoin.

Swift claimed that the global liquidity was the "most important" chart in this bull run while revealing that it had just hit a new ATH. The chart he shared showed that the global liquidity was now at $94 trillion and approaching the $100 trillion mark. Based on his analysis, this development could also lead to new ATHs for Bitcoin.

Global liquidity was around $90 trillion when BTC hit its previous ATH of $69,000 in the 2021 bull run. Additionally, Bitcoin's price has risen above that level since global liquidity, thereby confirming the correlation between this global liquidity indicator and Bitcoin's price. Swift claimed that Bitcoin's rise is "inevitable" as long as global liquidity keeps trending.

Swift mentioned that BTC had a "long way to go" after it hit a new ATH of $73,750 in March. He made reference to the MVRV z-score indicator, which showed that the flagship crypto was still well below its fair value. In a recent X post, the crypto founder suggested that Bitcoin would at least rise above $100,000 before the market top can be said to be in.

Swift claimed that the Bitcoin cycle top indicators were continuing to climb higher. These top indicators were the delta top, terminal price, and top cap, which were at $137,579, $148,390, and $364,541, respectively.

Meanwhile, like Swift, crypto analyst
Tarekonchain recently highlighted the
Market Value to Realized Value (MVRV) indicator and mentioned that Bitcoin
was still far from its peak. Based on this,
the analyst predicted that BTC could still
achieve new highs in this cycle and
possibly rise above $100,000.