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⚠️ WARNING: A hacker attack was carried out on the decentralized exchange dYdX.

The dydx(.)exchange domain has been hacked, we strongly advise you to avoid clicking on this link.

#DYDX $DYDX 

0 personnes ont donné un pourboire au créateur.

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.

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📊 Can Floki Inu (#FLOKI ) and Shiba Inu (#SHIB ) Make New Highs This Cycle? Analysts Claim Dogen Is The Better Bet The overall market remains calm as many altcoins are still at low prices, poised for a potential surge. Among these, Floki Inu (FLOKI) and Shiba Inu (SHIB) are getting significant attention. Crypto analysts are buzzing with predictions, suggesting these coins might make new highs during this cycle. However, a surprising new contender, Dogen, is being touted as the better bet for growth. Is this just hype, or is there concrete potential behind these claims? This article delves into the details, evaluating the prospects of FLOKI, SHIB, and the rising star, Dogen. 🔸 Dogecoin Set to Break Out? Bulls Eye Resistance Levels Dogecoin is currently trading between $0.0894 and $0.1057. The bulls seem to be holding ground, evident by its 3.6% gain over the past month. Immediate resistance is at $0.1161, followed by another at $0.1324. If DOGE pushes past these levels, we could see a significant rise. With a resistance break, the coin could climb by over 20% in the near term. Analysts will be watching closely as the RSI hovers around a neutral 50.5, showing indecision. However, the overall sentiment is bullish, giving hope for a potential altcoin season. 🔸 Rising Momentum for Shiba Inu (SHIB): Could Bulls Charge Ahead? Shiba Inu (SHIB) is currently trading between $0.00001237 and $0.00001459, showing mixed signals with potential for growth. The Relative Strength Index (RSI) at 53.72 suggests that the bulls still have some power left. If SHIB can break past the nearest resistance at $0.00001603, it could climb up to $0.00001825, a jump of about 25%. However, support at $0.00001159 is crucial to maintain strength. Over the last month, SHIB has gained 1.51%, showing slight positive momentum in a bearish six months. The moving averages around $0.00001345 also hint at potential stability. Watch these levels closely for a breakout.

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5️⃣ Top 5 XRP Holders Shaping the Market: Who Holds the Most Power? Ripple Labs developed XRP, a digital asset. The big holders of XRP exercise massive influence in the market, and regulating this power is critical. The following are the five largest holders of XRP in percentage terms: 🔸 Ripple Labs: The Powerhouse Behind XRP Ripple Labs, the firm that develops XRP, is also the largest shareholder in the token supply. Since Ripple Labs is these tokens’ founder and leading software producer, the company holds most of the XRP supply in escrow and releases it periodically. This kind of issuance mechanism is referred to as managed issuance, and it helps limit the negative effects of oversupply. 🔸 Jed McCaleb: A Co-Founder with Significant Holdings Jed McCaleb, one of Ripple Labs’ co-founders, holds many XRP. When he left Ripple, he received significant XRP in his settlement. However, his agreement with Ripple restricts the amount of XRP he can sell at any given time to prevent market disruption. Despite these limitations, McCaleb remains one of the largest individual holders of XRP. 🔸 Chris Larsen: A Leading #XRP Stakeholder Chris Larsen, constantly one of the top XRP holders, is yet another Ripple Labs co-founder. These substantial holdings stem from his work in this open oriented towards cryptocurrencies and being an active player in this game. Even though his presence in the market remains restrained, it is wise to point out to DegZone that three coins will soon be converted into XRP for their further sales on the market. 🔸 Cryptocurrency Exchanges: Custodians of Liquidity In addition, various cryptocurrency exchanges maintain a large amount of XRP to enhance trading. Such exchanges are Binance, Coinbase, and Bitstamp, which keep XRP in overtime for departmental separation of user accounts for custody purposes. The dominance of XRP held in exchanges indicates the liquidity and market activity of the token.

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⭐️ TRON’s Non-Stablecoin Activity Surges Post Sun.pump Launch The TRON blockchain has seen a major shift in transaction activity since the launch of Sun.pump, a TRON-based platform that empowers users to create memecoins. This change, which occurred on August 9th, 2024, has transformed how the network is used, especially for non-stablecoin transactions. Before Sun.pump, stablecoins dominated TRON’s activity, accounting for roughly 98%. However, this ratio has quickly changed, with stablecoin activity now around 75%. 🔸 Memecoin Creation Drives Non-Stablecoin Transfers Sun.pump’s platform focuses on enabling users to create memecoins centered around communities. Since its launch, the demand for non-stablecoin transfers has skyrocketed. Platform users have increasingly embraced memecoins, leading to more diverse transaction types across the TRON network. For much of 2024, stablecoin transactions were the backbone of TRON’s network, representing nearly 98% of all activity. Stablecoins like USDT and USDC were the primary tokens circulating on #TRON . However, the creation of Sun.pump and its unique focus on memecoins sparked renewed interest in non-stablecoin transactions. The platform allows users to generate community-centered tokens, creating demand beyond stablecoins. 🔸 Sun.pump’s Impact on Network Usage TRON’s network activity has been boosted from Sun.pump’s launch. Since August 9th, the balance has shifted, with non-stablecoin transfers increasing and now accounting for around 25% of TRON’s transaction volume. The remaining 75% continues to be stablecoin-related, though the diversification has injected fresh energy into the blockchain. This shift in activity represents a notable evolution in TRON’s network, driven by Sun.pump’s platform and the popularity of memecoins. The trend showcases how platforms focused on unique token generation can reshape the blockchain landscape.

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❗️ Bitcoin Falls Following US Stock Market The S&P 500 fell 2% today and is on track for its worst week since March 2023 as investors weighed a weaker-than-expected August jobs report. 📉 Against this backdrop, the price of #BTC fell to a new monthly low of around $57,630. At the moment, the markets are under great tension ahead of the Fed decision, and low liquidity and weak trading volumes are leading to a sharp drop in prices. 🔽 The technology sector is suffering the most and in our latest YouTube video we said that at the moment there are concerns about the overvaluation of shares of technology companies, which , just like cryptocurrency, are sold first, due to uncertainty in the market.

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⚡️ Bitcoin Price Analysis: Can Bitcoin Break the $60,000 Barrier Soon? At the beginning of the year, #BTC ’s price was around $44,215.21. In late January, the market gained strong upward momentum, pushing the price to a yearly peak of $73,057 in mid-March. Since then, the market has been slowly declining, though in early June and late July, buyers made unsuccessful attempts to push the price higher. Now, the price stands at $56,045. On August 25, it was around $64,218. By August 28, it had slipped below the $60,000 mark. Currently, the Bitcoin market is struggling to break above this key level. Experts have shared something interesting about Bitcoin’s price action. Let’s dive in! Ready? 🔸 Bitcoin’s March Peak: An Interim Top? The general belief is that the peak reached by the BTC market in mid-March represents the highest point of this current bullish momentum. Sachi, a CryptoQuant analyst, challenges this general perception. The analyst argued that the market has the potential to climb far above the mid-March peak. 🔸 Bitcoin’s Cooling-Off Phase A latest analysis viewpoint published by bitcoinsit suggests that the Bitcoin market is currently in a cooling-off phase. Experts like Sanchi view the present consolidation phase as an inevitable adjustment period before the next bullish run. 🔸 What’s Next for #Bitcoin ? The Bitcoin market has experienced a sharp decline of 2.3% in the last 30 days and a dip of 6.0% over the past 7 days. Looking at the one-day chart of Bitcoin, it is clear that the level of $60,000 is a vital point to watch. Since the beginning of the month, the market has been trying to break above this level. However, each time it has failed to reach anywhere near it, though, on September 2, buyers made a strong attempt. In conclusion, although the Bitcoin market currently appears lackluster, considering Sachi’s observations, there are enough reasons for Bitcoin enthusiasts to hope for a bullish trend soon. Also Check Out: Japan’s MUFG Bank Unveils 2025 Stablecoin Revolution: ‘Project Pax’!

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