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Crypto De Nostradame
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We are happy to announce the latest project coming to Mogul: CLUTCH From Charach Productions and Michael Merino, Clutch will look to honor no frills action flicks with this story of a rideshare driver who finds herself caught up in the problems of her passenger. Read the full announcement of @Clutchmovie here: https://www.mogulproductions.com/post/project/clutch/
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Solana Faces 50 Percent Drop: Market Analysts Predict Recovery Amid Ethereum ETF Prospect. The altcoin market is experiencing a serious correction, with market cap falling from $1.2 trillion in March to $1.05 trillion today. This represents a 12.5 percent loss of value. Major altcoins in particular have been hit hard, with some dropping over 40 percent in the past two weeks. Prominent cryptocurrency analyst Michael Van De Poppe pointed out the inherent volatility of the market in his latest video analysis. Van De Poppe attributes the instability of the altcoin market to several factors, specifically noting the delay in the start of trading of the #Ethereum spot #ETF despite its approval. This has led to confusion and instability among traders and investors who are uncertain about their participation time in these regular investment options. Additionally, macroeconomic indicators such as the Consumer Price Index (CPI), Producer Price Index (PPI), and Federal Open Market Committee (FOMC) announcements have a significant impact on market sentiment. Data showing that inflationary pressures may ease may indicate future interest rate cuts by the Federal Reserve, which would historically be positive for altcoins. These assets typically thrive in periods of abundant global liquidity and low interest rates. Taking #Solana ( $SOL ) as a case study, it is currently trading at $146.52, down over 50 percent from its March peak. However, recent activity signals an uptick. In the last 24 hours, Solana's price increased by 1.6 percent. At the same time, the open interest rate increased by 0.36 percent, while the open interest volume increased by 68 percent to $3.83 billion. #CryptoDeNostradame #ParrotBambooCrypto
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🧙♂️ According to Santiment data, the number of wallets holding 10 or more #Bitcoins reached the level of 2 years ago (June 16, 2022). #CryptoDeNostradame #ParrotBambooCrypto
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Ethereum Whales Accumulate 700,000 ETH Amid Bear Market Sentiment. The US SEC's recent approval of form 19b-4 for several Ethereum exchange-traded funds (ETFs) sparked a significant rally in late May, with #ETH reaching almost $4,000. However, with S-1 registration forms still awaiting approval, this excitement has faded and the start of actual trading has been delayed. Cryptocurrencies, including Ethereum, rose in the middle of the week as US inflation data came in positive, but pulled back after comments from Federal Reserve Chairman Jerome Powell hinting at potential interest rate hikes. This hawkish stance has affected not only Ethereum but also broader risk assets, highlighting the current volatility in the market. Despite the initial excitement, leading financial institutions such as JPMorgan are skeptical about Ethereum ETFs and anticipate only modest investment inflows. This cautious approach has calmed market expectations, but final decisions from SEC Chairman Gary Gensler on #ETF approvals are expected throughout the summer. In summary, significant whale activity indicates strong demand for #Ethereum , but bearish market dynamics driven by futures trading and cautious regulatory signals pose obstacles. While investors remain hopeful for potential upside from Ethereum ETFs, current market sentiment suggests a cautious approach. $BTC $ETH #CryptoDeNostradame #ParrotBambooCrypto
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🧙♂️ Ethena (#ENA ) announced the details of its updated token economy. $ENA #CryptoDeNostradame #ParrotBambooCrypto
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