$SOL Price Faces Double-Top Threat: Will SOL Crash to $140? - CoinPedia Analytics
The breakdown from this consolidation phase has shifted market sentiment for SOL to a bearish outlook. Moreover, SOLâs daily chart suggests the formation of a bearish double-top pattern, although this pattern is yet to be confirmed. Historically, when SOL approached the $160 level, it faced substantial selling pressure, causing its price to plummet to around $140. There is a strong possibility that SOL could experience a similar drop this time.
Supporting this bearish view, SOLâs open interest has fallen by 7% over the past 24 hours, reflecting decreased investor enthusiasm, according to CoinGlass data. However, the 200 Exponential Moving Average (EMA) still indicates an uptrend for SOL, as the price remains above this moving average. As of the latest update, SOL is trading around $153, marking a decline of over 2.5% in the past 24 hours. Its trading volume has remained stable, with a slight increase of 1.2%, according to CoinMarketCap data.
Vitalik Buterin: Airdrops Perfect for Blockchain Identity Use Cases #web3_binance
Vitalik Buterin highlighted the importance of airdrops for zero-knowledge and blockchain-based identity frameworks
According to Buterin, airdrops represent a compelling initial use case for these emerging technologies.
They align closely with the goals of developing robust blockchain identity and credentialing systems on the blockchain.
Buterin: Airdrops Key for Testing Blockchain Identity Systems #AirdropBinance
Buterin outlined several objectives for airdrops that closely match the aims of identity and credential frameworks. He mentioned that:
âą Airdrops aim to distribute tokens to genuine community members rather than random individuals who might immediately sell them.
âą They seek to reward those who have made meaningful contributions to a project, recognizing and incentivizing their efforts.
âą Airdrops strive to be reasonably egalitarian, although some level of disparity is acceptable.
âą They aim to resist adversarial farming, where users exploit the system to gain unfair advantages.#VoteForCrypto
{spot}(USDCUSDT)
These goals mirror the objectives of identity and credential frameworks, which are designed to ensure fair distribution, authenticate contributions, and prevent abuse. He also mentioned that for developers working on these frameworks, using token issuance through airdrops as a test case provides a valuable opportunity to refine their systems in a real-world, adversarial environment.
More About Airdrops & Web3 Identity
Buterin also noted that giving away tokens for free is not the only viable method. Another approach is to implement discounted sales, where individuals can purchase tokens at a reduced price based on their verified degree of membership or contribution. This strategy helps distribute token supply more widely and rewards non-financial contributors while ensuring that buyers have a stake in the system. Techniques used for airdrops, such as discounted sales, serve to achieve similar goals of fairness and incentive alignment.
Pepe (PEPE) has just started: Exciting analysis
In an analysis, it was stated that the bull flag formed on the Pepe (PEPE) chart gives a bullish signal in the short term.
In an analysis, it was stated that the bull flag formed on the Pepe (#PEPE ) chart gives a bullish signal in the short term.
PEPE, inspired by the Pepe the Frog figure and shown as a rival to #Dogecoin (DOGE), has decreased by nearly 10 percent in the last 24 hours. Despite the decline in question, it was claimed that PEPE gave a bullish signal.
In the analysis prepared by AMBCrypto, it was stated that a flag formation indicating an increase in PEPE was formed. The analysis predicted that if the formation works, the PEPE price could reach $0.00001725 and increase by nearly a thousand percent.
Popular memecoin Pepe (PEPE) has lost over 20 percent of its value since August 24. Could things be changing for PEPE, which has failed to attract the attention of memecoins?
AMBCrypto stated that the decline in the PEPE price should not be deceiving, and that the rise has just begun. The analysis said:
âPEPE is ready for a rise in the short term as new chart formations emerge. Supportive factors have increased the likelihood of such a recovery.â
The bull flag formation formed on the price chart is known as a frequently used technical model among traders. The formation usually predicts an increase in price after a long consolidation period.
According to the analysis that addresses the formation in question, the PEPE price may reach $ 0.00001725. Increasing volume and the size of the money flow are shown among the indicators supporting the rise.
According to the Moving Average Moving Average Convergence and Divergence (MACD) indicator, individual investors' interest in PEPE has begun to increase. The analysis, which touched on the increasing bullish power of the MACD, showed that the positive zone was touched.
The Chaikin Money Flow (CMF) indicator, which has been steadily rising since August 15, also gave a positive signal. The rising CMF data indicates liquidity inflow in PEPE.
DOGS Price Prediction: Whatâs Next for the DOGS Token?
With DOGS now listed on major exchanges like Binance and Bybit, many are wondering if the token will rise or continue its downward trend. Hereâs a closer look:
đœ Recent Performance Recap:
- Initial Surge: DOGS launched on MEXC at around $0.014 and quickly hit $0.015, driven by high trading volumes and excitement.
- Sharp Decline: Following the peak, the price fell to about $0.00129 as early investors sold off, with red candlesticks marking the drop.
- Stabilization: The price has settled around $0.0013, showing reduced trading volumes and a pause in market activity.
â© Future Price Scenarios:
- Potential Upside: If Pavel Durov, a key figure behind DOGS, is released from jail, it could boost interest and potentially drive the price to $0.0025-$0.0030.
- Potential Downside: If Durov remains detained, negative sentiment might push the price below $0.0010.
đ Key Levels to Watch:
- Resistance Levels: $0.001500 - $0.002000
- Support Levels: $0.001000 - $0.000800
â ïž Final Thoughts:
DOGSâ future price depends on external factors, particularly Pavel Durovâs legal situation. Positive developments could lead to a rise, while ongoing issues may result in further declines.
Stay updated and make informed trading decisions!
Disclaimer: This information is for informational purposes only and does not constitute financial advice. Always do your own research and consult with financial professionals before making investment decisions. Cryptocurrency markets are highly volatile and investments carry risks.
Soneium Minato Testnet and Spark Incubation Program Launched #DOGSONBINANCE
Sony Block Solutions Labs has launched the Soneium Minato Testnet and Soneium Spark Incubation program to boost Web3 adoption and support developers.
These initiatives mark a significant advancement in the Ethereum layer-2 solutions landscape.
They provide crucial support for builders and innovators in the Web3 space. Letâs explore more about the Soneium Minato Testnet.
Soneium Minato Testnet: A Gateway for Developers$SOL
The Soneium Minato Testnet is a public blockchain test environment designed to facilitate the development of Web3 applications. Accessible to all developers and creators, it offers a fast, cost-effective platform that is fully compatible with Ethereum. This compatibility allows developers to leverage familiar tools and frameworks while experimenting with new ideas in a risk-free setting.
Developers can build and deploy their applications on Soneium Minato. This will provide users with the opportunity to explore and interact with various Web3 services. The testnet uses test crypto assets, ensuring that all exploration remains risk-free. This setup enables users to experience the full range of services provided by each app.
Soneium Spark Incubation: Fueling Innovation
#CryptoMarketMoves
Alongside the Minato Testnet, Sony Block Solutions Labs has launched the Soneium Spark Incubation program, designed to ignite innovation within the Web3 ecosystem. Soneium Spark aims to support forward-thinking solutions by nurturing visionary creators and builders.
Soneium Spark offers significant support, including investments of up to $100,000 USD per team. This funding is aimed at developers, creators, and projects that are ready to build and innovate on the Soneium platform. By focusing on strategic growth and innovation.
{future}(DOGEUSDT)
Andre Cronje published an article titled "Why Defi", saying: The core of finance has always been empowerment and making idle assets work. In Defi, you don't need to be a qualified investor. Defi is the core cornerstone of a decentralized society. This is just the beginning, until traditional industries (such as insurance, energy, real estate, car sales, banks, etc.) are all on-chain, free to access, transparent and open to everyone.
Notcoin (NOT) Approaches All-Time Low Amid Sharp Decline in Buying Activity â perspective by BeInCrypto
Since the arrest of Telegramâs CEO Pavel Durov on August 24, Notcoinâs (NOT) price has plummeted. Trading at $0.0088 at press time, the altcoinâs value has since declined by 20%.
With rising selling pressure, NOT is at risk of falling toward its all-time low of $0.0046, last recorded on May 24.Â
Due to NOTâs recent price struggles, the number of active addresses trading the altcoin has steadily declined over the past seven days. Data from IntoTheBlock shows a 76% decrease in unique addresses that have completed at least one NOT transaction during this period.
NOTâs technical setup points to a potential further decline in the tokenâs value. The Chaikin Money Flow (CMF) remains in a downtrend, hitting a 30-day low of -0.22.
The CMF measures the flow of money into and out of an asset. A value below zero indicates market weakness, suggesting that liquidity is exiting the market, which is often seen as a precursor to further price declines.
Moreover, the tokenâs Relative Strength Index (RSI) is currently below its neutral 50 mark, sitting at 35.50. This indicates that selling pressure is stronger than buying activity, reinforcing the bearish outlook.
If NOTâs selloffs persist, the altcoinâs value could retreat to its all-time low and potentially drop further to around $0.00031. On the other hand, if market sentiment shifts and demand for NOT surges, its price could rally toward $0.013.
#DOGSONBINANCE #TelegramCEO #Notcoinnews #Notcoinđđ„ #toncoin
$NOT
Six years ago, Pavel Durov, the founder of Telegram, was dining with President Emmanuel Macron in France. Today, Durovâs situation has taken a dramatic turn.
In 2018, Macron offered Durov a chance to move Telegram to Paris, but Durov chose to base the company in the UAE instead. His relationship with global governments has been complex, with many attempts to influence or control him falling short.
In 2017, French spies targeted Durov with a covert operation named âPurple Music,â hacking his iPhone even before their meeting with Macron.
By 2021, Durov had secured citizenship in both France and the UAE, with the UAE investing over $75 million in Telegram. He also holds citizenship in St. Kitts and Nevis, a Caribbean island known for its investment citizenship program.
While Durov's French passport allowed him free travel in Europe, he was frequently approached by FBI agents in the U.S. seeking his cooperation.
French prosecutors have not publicly named Durov as a target in their current investigation. Telegram claims compliance with the EUâs Digital Services Act but says it is not yet considered a âvery largeâ platform under the regulations, with fewer than 45 million active monthly users in the EU.
1st image: Franceâs national antifraud office outside Paris, where Durov is being held.
2nd image: Paper airplanes symbolizing the Telegram logo outside Franceâs Embassy in Moscow after Durovâs detention.
Stay tuned for updates on this unfolding story.
#TON
---$DOGS
{spot}(DOGSUSDT)
đ **DOGS/USDT Perpetual Contract: Price Prediction Update** đ
đ *Prediction in Action*:
As I predicted earlier, the price of DOGS/USDT is showing a strong upward trend! The current price is now approaching the target zone that I forecasted, and itâs clear that the market is responding as expected.
- **Current Price:**
- $0.0015437 đ (Nearing the predicted target)
- $0.0012793 đ (Previous observation)
đč **Market Movement:**
The price has been steadily climbing, confirming the analysis I shared earlier. The momentum is strong, and the price is almost hitting the target I had set. This indicates that the market conditions have aligned perfectly with the prediction, reinforcing the reliability of the strategy used.
đ **Key Observations:**
- The breakout from the consolidation phase was the key signal that the price would move upwards, and itâs doing just that.
- The volume indicators have also been supportive of this move, adding further confidence to the upward trend.
- With the price now in close proximity to the target zone, itâs crucial to monitor for potential resistance or further upward movement.
đĄ *Trading Insight:*
If youâve been following this prediction, now is the time to be vigilant. As the price nears the target, it could either break through or face resistance. Consider your trading strategies carefully, whether itâs locking in profits or adjusting positions for the next move.
đ
**Date:** August 27-29
đ **Action:** Stay informed, stay ahead, and continue to trade wisely!
---
#DOGSONBINANCE
#BNBChainMemecoins
#TelegramCEO
#PowellAtJacksonHole
$DOGS is making waves
[Please visit my profile and vote](https://app.binance.com/uni-qr/cpro/Crypto_Times?l=en&r=145910774&uc=app_square_share_link&us=copylink)
Iâve been telling you all along that $DOGS would come back stronger, and it's finally happening.
Just yesterday, I posted over 30 times urging you to HOLD, HOLD, HOLD. I even shared my personal portfolio packed with over 16 million $DOGS. Now, $DOGS is surging against $BTC just as I predicted.
This is the moment weâve been waiting forâenjoy the gains! If you didnât listen before, sit back and watch as we make money! đ„
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #hamidarmy #Babylon_Mainnet_Launch
$BTC Bitcoin dives below $60K as crypto market liquidations charge above $300 million
Cryptos | 08/27/2024 23:57:36 GMT
âą Crypto assets have sustained more than $313 million in liquidations on Tuesday.
âą Ethereum liquidations ranked highest after crossing $100 million.
âą Bitcoin's open interest dropped by $2.4 billion following the price correction.
The crypto market experienced over $313 million in liquidations on Tuesday after Bitcoin plunged below $60K, per Coinglass data. Long traders have sustained 90% of the total liquidations worth $282 million, a magnitude above $31.36 million in short liquidations.
Bitcoin and Ethereum lead crypto liquidations
Ethereum led the liquidations rank, with over $100 million, of which $93.52 million were liquidated long positions. Ethereum has plunged by nearly 9% in the past 24 hours.
Bitcoin follows closely with over $94 million in liquidations, with long and short liquidations accounting for $85.97 million and $8.87 million, respectively. Notably, Bitcoin's open interest (OI) has dropped by more than $2.4 billion in the past few hours.
Open interest is the total number of unsettled open long and short positions in the market. A drop in open interest signifies increased liquidations or caution from traders, often due to declining prices.
The correction follows a spike in Bitcoin's funding rate on August 25, which reached its highest level on the DyDx exchange since BTC's all-time high in March, according to Santiment data.
Funding rates are periodic payments exchanged between buyers and sellers of crypto perpetual contracts based on the difference between the futures contracts and its index price
Several traders increasingly opened long Bitcoin and Ethereum positions after the Federal Reserve (Fed) Chair Jerome Powell's keynote indicated a potential interest rate cut in September. However, the recent liquidation shows the market moved in the opposite direction.
"When funding rates get extreme in either direction, they are always prone to get liquidated and shoot markets.
{future}(ETHUSDT)
[VISIT MY PROFIL AND VOTE](https://app.binance.com/uni-qr/cpro/CryptoPrincess?l=en&r=359246578&uc=app_square_share_link&us=more) đž
Crypto company CEO attacked and stabbed in court: His status is uncertain
The CEO of Haru Invest, who was brought to court today for allegedly stealing cryptocurrencies worth nearly 1 billion dollars from about 16 thousand people in South Korea, was attacked and stabbed during the trial. While the CEO, who was on the ground covered in blood, was taken to the hospital in a short time, it is stated that his condition is uncertain.
Haru Invest CEO Hugo Hyungsoo, who was arrested in South Korea in February and detained and later released on bail, was attacked with a knife in court. Lee, who was stabbed in the neck, was on the ground covered in blood. Medical teams briefly took Lee to the hospital, but it was stated that the CEO's condition was uncertain.
According to the news in the South Korean media, the incident took place at the hearing in the Seoul South District Court. It was reported that the attacker was among those watching the trial and came from the back rows and injured Lee with a knife knife.
South Korean media wrote that the attacker, whose last name was Kang, was detained at the time of the incident and is currently under interrogation.
The managers of Haru Invest, a crypto loan company, were detained in February of this year in the operation. CEO Lee, on the other hand, was detained until July, and then released on bail.
It is stated that Haru Invest stole cryptocurrencies worth 826 million dollars from a total of around 16 thousand people and the managers embezzled the funds.
**News Flash: South Korean Crypto CEO Stabbed in Courtroom**
In a shocking turn of events, Hugo Hyungsoo Lee, CEO of South Korean crypto firm Haru Invest, was stabbed multiple times in the neck during a court session in Seoul. The attacker, a man in his 40s and one of Haru Invest's victims, sprang from the guest seat with a small knife. Lee was rushed to the hospital.
This incident occurred amidst the Haru Invest trial, where three executives are accused of embezzling $826 million in cryptocurrency from 16,000 users. Haru Invest had suspended withdrawals in June 2023, triggering widespread outrage.
Stay tuned for more updates on this developing story.