$DOGE 's Recent Dip
$DOGE coin's price has dropped to $0.1002, losing 2% in the last 24 hours. Historically, DOGE has closed higher than its opening price only 47.32% of the time, indicating a slightly bearish trend. Although we're far from its all-time high of $0.6905, set 3 years and 3 months ago, DOGE's loyal community and potential for growth make it a coin to watch. With a significant -85.49% pullback from its peak, a break above $0.110 could signal a trend reversal, so keep a close eye on this level, traders!
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$SHIB 's Slump Continues
$SHIB 's price has slipped to $0.0000131, down 1% in the last 24 hours. The coin's trading history shows a slightly bearish trend, with less than half of its days closing in the green (48.84%). We're still feeling the effects of a significant -81.92% drop from its all-time high of $0.0000725, set 2 years and 9 months ago. However, SHIB's loyal community and potential for growth make it a coin to watch. A break above $0.000015 could signal a trend reversal, so keep a close eye on this level, traders! A move above could be the start of a major comeback for Shiba Inu.
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XRP Price Forecast: Potential Breakout or Breakdown?
The #XRP price has shown a period of consolidation in its recent 4-hour chart, characterized by minor fluctuations around critical support and resistance levels. The cryptocurrencyâs closing prices over the last five periods reveal a pattern of indecision, with slight dips and recoveries. This movement suggests that the XRP price is hovering around a crucial point that could determine its next significant direction.
The 9 Exponential Moving Average (EMA) has consistently stayed close to the 20 EMA, reflecting a market that is lacking strong momentum in either direction. Both EMAs have been almost flat, indicating a period of sideways trading with no clear trend dominance. This situation typically suggests that traders are waiting for a breakout to define the next trend.
The Moving Average Convergence Divergence (MACD) indicator provides a more nuanced picture. While the MACD line has recently crossed above the signal line, forming a positive histogram, the values remain close to the zero line, signifying weak bullish momentum. The slight uptick in the histogram suggests that there could be a bullish move on the horizon for the XRP price, but the overall strength of this signal is still questionable. Traders should be cautious, as the MACD does not provide a strong confirmation of an uptrend yet.
The Relative Strength Index (RSI) has been hovering around the neutral zone, fluctuating between 45 and 56 over the last few periods. This indicates that the $XRP price is neither overbought nor oversold, further reinforcing the idea of a market in balance, with no strong push from either bulls or bears. The RSIâs current positioning suggests that the market could move in either direction, depending on external factors or a breakout above or below key levels. #Ripple #altcoins The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(XRPUSDT)
$XRP 's Steady Climb!
$XRP 's price is currently hovering at $0.5662, with a modest 0.09% gain in the last 24 hours. The coin's trading history reveals a neutral bias, with 48.43% of days closing in the green. Although we're far from its all-time high of $3.32, set 6 years and 7 months ago, XRP's showing signs of stability after a significant -82.95% pullback. A break above $0.60 could signal a fresh uptrend, so keep a close eye on this level, traders! A move above could be the start of a major rally for XRP.
#BinanceTurns7 #MarketDownturn #CryptoMarketMoves #shabana #Write2Earn! $BTC
74% of Bitcoin Supply Remains Untouched for Over 6 Months, Signaling Strong Long-Term Confidence
According to recent on-chain data, nearly three-quarters of all circulating Bitcoin has stayed in wallets without moving for at least six months. This represents a significant increase from just a week ago, when only 45% of Bitcoin had been inactive for the same period.
The data, sourced from Glassnodeâs Hodl Wave chart, highlights a growing trend among long-term investors to hold onto their Bitcoin as a store of value, despite a 21% drop from its all-time high. This reduced movement has led to a tighter supply of Bitcoin available for trading, potentially setting the stage for price increases as demand rises.
However, not all holders are in a strong position. Onchain analyst James Check noted that over 80% of short-term Bitcoin holders, who have held the asset for fewer than 155 days, are currently underwater, having bought at higher prices. If these holders panic and sell, it could trigger further price declines, reminiscent of bearish trends seen in 2018, 2019, and mid-2021.
As market sentiment remains bearish, reflected by a Bitcoin Fear & Greed Index score of 28, Bitcoin prices, which briefly topped $60,000 over the weekend, have fallen back to $58,619 at the time of writing.
#CryptoMarketMoves #BTC #BTCâ #bitcoin #ETFvsBTC $BTC
đ Celebrating 16 Years of Bitcoin.org: The Birthplace of a Financial Revolution! đ
Yesterday marked the 16th anniversary of Bitcoin.org, the website that first introduced the world to decentralized digital currency. Launched on August 18, 2008, by Bitcoinâs enigmatic creator, Satoshi Nakamoto, and early contributor Martti Malmi, this site has been a cornerstone for those seeking to understand Bitcoin's origins and evolution.
Bitcoin.org played a pivotal role in setting the stage for the decentralized finance movement, offering the first glimpse into how peer-to-peer electronic cash could operate without a central authority. As we celebrate this milestone, we reflect on its legacy, contributions to the community, and the controversies that have shaped its journey.
#Bitcoinâ #bitcoinâïž #BTCâ #btcupdates2024 #CryptoNewsđđ„
Balancing Act for $WIF !
$WIF 's price is currently at $1.37, down 2% in the last 24 hours. The coin's trading history shows a slight bearish lean, with less than half of its days closing in the green (46.11%). We're still feeling the sting of a -70.02% drop from its all-time high of $4.57, just 4 months ago. However, WIF's showing resilience, and a break above $1.50 could signal a trend reversal. Keep a close eye on this level, traders - a move above could be the start of a major comeback for dogwifhat!
#SahmRule #CryptoMarketMoves #BinanceTurns7 #shabana #Write2Earn! $BTC
đ Solana (#SOL ) Eyes Bullish Breakout as Key Support Holds and TVL Climbs
Solana has recently retested a crucial pennant support, indicating a potential bullish move.Metrics and an upward trend in Total Value Locked (TVL) suggest strengthening fundamentals in Solanaâs ecosystem.Quote: âSOLâs price action and on-chain metrics reflect a positive outlook, with reduced selling pressure and growing DeFi activity,â according to experts.
Solana (SOL) poised for bullish breakout as key support holds firm, indicating strong fundamentals and potential for upward movement in the market.
đž Solana Tests Key Support: Bullish Signs Emerge
Over the past five months, Solana (SOL) has been consolidating within a bullish pennant pattern. Recently, SOL successfully bounced off the bottom line of this pattern, showcasing increased buying interest at this crucial support level. This pivotal reaction could be the precursor to a significant bullish rally, targeting the next resistance level around $153.
đž Decreased Selling Pressure Bolsters Investorsâ Confidence
Further supporting the bullish sentiment, DeFiLlamaâs data revealed a noteworthy decline in selling pressure. Over the past 24 hours, the Net Flow metric shifted dramatically, dropping from 9.58 million to -0.32 million. This reduction in selling pressure suggests that market participants are holding onto their assets, potentially anticipating a price increase.
Strengthening #DeFi Ecosystem: A Positive Indicator for #Solana
Solanaâs Total Value Locked (TVL) has been steadily rising, reflecting growing trust and engagement within the DeFi ecosystem. Increased TVL typically signals that more funds are being deployed within the network, which can be a proxy for higher network utilization and adoption. This upward trend in TVL serves as a positive reinforcement of Solanaâs robust fundamentals.
đž Development Activity and Social Engagement on the Rise
Recent weeks have seen a surge in development activities aimed at enhancing the Solana network, according to data from Santiment.
{spot}(SOLUSDT)
đ§Bitcoin Mining Stocks Will be Best BTC Proxy Bets If History Repeatsđâ
So far in 2024, the Bitcoin price has shown strength with most of the gains coming in the first quarter following the spot Bitcoin ETF launch. However, the Bitcoin mining stocks have given a laggard performance amid the BTC halving event putting significant pressure on the companyâs revenues.
Bitcoin Mining Stocks Show Undervaluation
This year, some of the top BTC mining stocks such as Marathon Digital (NASDAQ: MARA), Riot Platforms (NASDAQ: RIOT), etc have been down 30-50% since the beginning of the year.
Crypto analytics platform ecoinometrics said that Bitcoin miner stocks had a terrible start to the year 2024, followed by a missed opportunity in Q1 following the spot Bitcoin ETF launch. During the second quarter, the BTC price has largely remained range-bound leaving the mining stocks struggling to gain momentum.
However, if history repeats, Bitcoin mining stocks can outperform BTC during the next bull run. In comparison to the previous cycles, several BTC mining stocks remain undervalued as of now.
âIf you believe Bitcoin miners are likely to behave similarly during Bitcoinâs next parabolic phase, itâs reasonable to conclude that most of them are clearly undervalued,â noted ecoinometrics.
Top Bitcoin mining players have been consolidating their operations following the halving event in April, by buying new equipment and gearing up for future operations. Last week Marathon Digital purchased 4,144 Bitcoins through its $300 million in convertible notes.
In the past, several players have been betting on MicroStrategy stock as a proxy for Bitcoin. This also led to the launch of a leverage MicroStrategy ETF MSTX last week which saw strong trading volumes.
BTC Consolidation Ending Soon?
Popular analyst Rekt Capital stated that Bitcoin is just 125 days from the halving event. Historically, the Bitcoin parabolic rally begins after 160 days from BTC halving. Thus, the BTC price breakout might come a month later by September end.
ETH Co-founder Vitalik Buterin Registers "dacc.eth": What is Defensive Acceleration?
Ethereum co-founder Vitalik Buterin has secured a new Ethereum Name Service (ENS) domain, "dacc.eth," for 0.187 ETH (around $500) on Aug. 18. The move is tied to his upcoming discussion on "defensive accelerationism" (d/acc) at an X Spaces event on Aug. 22, alongside decentralization advocates Vincent Weisser and Skylar Weaver.
Introduced in Buterinâs blog post "My Techno-Optimism" last November, d/acc proposes a cautious approach to AI development, emphasizing human-AI collaboration over unchecked AI autonomy. This philosophy counters the dominant "effective accelerationism" (e/acc) stance in Silicon Valley, which advocates for rapid, unrestricted technological advancement.
Buterinâs d/acc promotes a balanced, decentralized technological progress that enhances resilience in infrastructure, pandemic preparedness, cyber defense, and misinformation control. It stands as a middle ground between reckless tech acceleration and excessive regulation, aiming for a more democratic and less centralized world.
Interestingly, in response to this concept, memecoin creators have already launched unrelated tokens named DACC, some surging 400% in value.
#CryptoMarketMoves #ETHETFsApproved #ETH #ETHETFS $ETH
đ„ Fed's important meeting next Thursdayđ„
Yesterday, Bao attended a closed-door meeting of CEOs of several large banks
Suggesting a rate cut, many people are shouting that bulls are coming,
The currency circle will fall every time there is a meeting
Recently, web3 wallet and CARV, which has raised 50 million, have airdropped
Is CARV really that powerful?
Led by the industry's top investment institutions IOSG Ventures, Tribe Capital, and Xiangfeng Investment, and participated by Binance, etc.
And CARV Protocol includes an integrated modular data layer for more than 40 chain ecosystems and its flagship game super application CARV Play
The CARV protocol improves the efficiency of data management and transactions through decentralization and incentive mechanisms, and can improve the security and credibility of data. Its potential for future expansion is also very worth looking forward to, especially in data-driven fields such as finance, healthcare, and transportation. By reducing dependence on traditional intermediaries and increasing the transparency of data transactions, CARV is expected to create new business opportunities and application scenarios in these fields.
In general, the design concept and application of the CARV protocol demonstrate the great potential of decentralized technology in improving data processing and transaction efficiency. This innovative solution is expected to bring significant changes and development to the data-driven industry.
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$SUI 's on the rise, up 1.70% in the last 24 hours to $0.8506! The coin's showing a bullish spark, with nearly half of its trading days closing in the green (46.73%). Although we're still off the all-time high of $2.05, set 4 months ago, the current price action suggests a potential reversal. We've seen a significant -58.46% pullback from that peak, but SUI's resilience is impressive. A break above $0.90 could signal a fresh uptrend, so keep a close eye on this level, traders! A move above could be the start of a major rally for Sui.
#MarketDownturn #HamsterKombat #Write2Earn! #shabana $BTC
đĄ Why Buying Toncoin (TON) at a Low Price Might Be a Smart Move!
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Purchasing Toncoin (TON) while its value is low could offer several potential benefits, but it also comes with risks. Here are some advantages of buying TON:
Growth Potential: If Toncoin is currently undervalued, thereâs a chance to reap significant profits if its value increases in the future. Early buyers could benefit the most from this price growth.
Promising Project: If you believe in the vision of the Toncoin project and see potential for future success, buying tokens at a low price could be a great opportunity to invest early before the value rises.
Staking and Additional Income: Some cryptocurrency projects, including Toncoin, offer staking opportunities where you can lock up your tokens to earn extra income through interest or other rewards.
Diversification: Buying Toncoin at a low price can be a way to diversify your cryptocurrency portfolio, helping to reduce risk by spreading your investments across different projects.
Potential Partnerships: If Toncoin secures partnerships with major projects or governments, its value could increase rapidly, making buying at a low price highly profitable.
Remember: While these benefits exist, itâs important to conduct thorough research (DYOR) before investing, as the cryptocurrency market can be highly volatile, and thereâs a risk of losing your capital.
#Crypto #Toncoin #TON #Investment #CryptoOpportunities #BinanceCommunity #DYOR
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$PEPE 's taking a hit, down 1% in the last 24 hours to $0.0000073. The coin's showing a slightly bearish bias, with less than half of its trading days closing in the green (48.53%). We're still reeling from the 56.20% drop from its recent high of $0.0000167, just 2 months ago. PEPE's struggling to regain momentum, but a break above $0.000008 could signal a trend reversal. Keep a close eye on this level, traders - a move above could be the start of a major comeback for Pepe!
#MarketDownturn #HamsterKombat #shabana #Write2Earn! $BTC
Is XRP Ready for a Major Move?
If XRP can push through the critical resistance at $0.61, it could set its sights on the next major level at $0.66. On the downside, strong support is expected around $0.54, aligning with the lower boundary of the Donchian Channels. A fall below this support might lead to a more significant correction, potentially pulling XRP back towards the $0.50 level.
Although recent price action suggests a bullish outlook, traders should be aware of the possible resistance barriers ahead. Is XRP about to break out, or should caution prevail?
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**Binance's Toncoin Super Earn Event Fully Subscribed Amid Market Uncertainty**
Binance's latest Super Earn event for Toncoin (TON) has seen overwhelming demand, with the initial offering fully subscribed within minutes of its launch. In response, Binance has announced the release of a new pool, capped at 50 TON per user, available from August 16, 2024, at 12 pm UTC.
Despite the enthusiasm surrounding this event, the broader market outlook remains uncertain. Regulatory pressures and market volatility continue to cast a shadow over the crypto industry. While Binance's initiatives aim to bolster user engagement and investment opportunities, the long-term sustainability of such high-yield offerings is questionable.
Investors should exercise caution and remain vigilant about the evolving regulatory landscape and market dynamics.
**Ethereum Co-Founder Vitalik Buterin Registers New ENS Domain**
Vitalik Buterin, Ethereum's co-founder, has snagged a new Ethereum Name Service (ENS) domain, "dacc.eth," for 0.187 ETH (around $500). This move comes just ahead of his upcoming discussion on "defensive accelerationism" (d/acc) at an X Spaces event on Aug. 22.
**What is Defensive Accelerationism?**
Buterin's d/acc concept, first introduced in a November blog post, emphasizes human-AI collaboration over fully autonomous AI. It contrasts with Silicon Valley's pro-technological stance, advocating for a cautious, decentralized approach to tech development.
**Implications and Reactions**
Buterin's philosophy aims for resilient infrastructure and cyber defense, promoting a democratic world. Meanwhile, opportunistic memecoin creators have launched unrelated tokens named DACC, some soaring 400%, as per DEX Screener.