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📈📉 First Mover Americas: Bitcoin Regains $66K Following Bullish ETF Data📈📉
➡️The latest price moves in crypto markets in context for May 17, 2024. Bitcoin (BTC) rose to past $66,000 early Friday, reversing Thursday's pullback below $65,000. At the time of writing, it was priced around $66,440, 0.4% higher than 24 hours ago, while the CoinDesk 20 Index (CD20), which offers a measurement of the wider digital asset market, was up about 1.4%. Inflows into spot bitcoin ETFs turned positive again this week, recording additions for four consecutive days. This week has also seen numerous big-name institutional players disclose sizable BTC ETF holdings. Morgan Stanley, for example, revealed a $269.9 million investment in Grayscale's GBTC yesterday. Ether may have underperformed other major digital assets this year, but Coinbase says it had potential to surprise to the upside. Ether does not have significant sources of supply side overhangs, the exchange said in a research report this week. "To the contrary, both staking and layer 2 growth have proven to be meaningful and growing sinks of ETH Liquidity," wrote analyst David Han. "ETH's position as the center of DeFi is also unlikely to be displaced in our view due to the widespread adoption of the EVM and its layer 2 innovations." Coinbase also noted that the potential of spot U.S. ETH ETFs being approved cannot be The Fantom blockchain's FTM is one of the best-performing non-meme tokens of the past week as the market looks favorably on the roll-out of its Sonic upgrade and increases in the total value locked on the protocol. FTM has gained 13% in the past seven days to about 81 cents, according to CoinDesk Indices data, while the CD20 is just 1.5% higher. In the past few weeks, the Fantom Foundation has been pushing Sonic, its latest upgrade, which is expected to boost transaction speeds to 2,000 transactions per second with a 1.1-second finality. That compares with just over 2.5 TPS during the past month, on-chain data shows.#Btcpricealert #ETH_Market_Update
➡️The latest price moves in crypto markets in context for May 17, 2024. Bitcoin (BTC) rose to past $66,000 early Friday, reversing Thursday's pullback below $65,000. At the time of writing, it was priced around $66,440, 0.4% higher than 24 hours ago, while the CoinDesk 20 Index (CD20), which offers a measurement of the wider digital asset market, was up about 1.4%. Inflows into spot bitcoin ETFs turned positive again this week, recording additions for four consecutive days. This week has also seen numerous big-name institutional players disclose sizable BTC ETF holdings. Morgan Stanley, for example, revealed a $269.9 million investment in Grayscale's GBTC yesterday. Ether may have underperformed other major digital assets this year, but Coinbase says it had potential to surprise to the upside. Ether does not have significant sources of supply side overhangs, the exchange said in a research report this week. "To the contrary, both staking and layer 2 growth have proven to be meaningful and growing sinks of ETH Liquidity," wrote analyst David Han. "ETH's position as the center of DeFi is also unlikely to be displaced in our view due to the widespread adoption of the EVM and its layer 2 innovations." Coinbase also noted that the potential of spot U.S. ETH ETFs being approved cannot be The Fantom blockchain's FTM is one of the best-performing non-meme tokens of the past week as the market looks favorably on the roll-out of its Sonic upgrade and increases in the total value locked on the protocol. FTM has gained 13% in the past seven days to about 81 cents, according to CoinDesk Indices data, while the CD20 is just 1.5% higher. In the past few weeks, the Fantom Foundation has been pushing Sonic, its latest upgrade, which is expected to boost transaction speeds to 2,000 transactions per second with a 1.1-second finality. That compares with just over 2.5 TPS during the past month, on-chain data shows.#Btcpricealert #ETH_Market_Update
📰 The US Senate has taken a significant step by voting to pass H.J. Res 109, a resolution to overturn the SEC’s controversial Staff Accounting Bulletin No. 121 (SAB 121).📰
The Senate’s 60-38 vote follows the House of Representatives’ approval. This outcome reflects bipartisan support against the SEC’s crypto policy.
SAB 121, introduced in March 2022, requires financial institutions to list customers’ digital assets on their balance sheets. Critics argue this mandate creates substantial operational and financial burdens for firms handling cryptocurrencies. The policy has faced opposition for potentially exposing customers’ assets to risks in bankruptcy situations.
Senator Cynthia Lummis, a vocal pro-crypto advocate, spearheaded the resolution’s passage. During the hearing, she emphasized the dangers of SAB 121, explaining that placing customers’ assets on institutional balance sheets could jeopardize those assets during bankruptcies.
After the vote, Lummis expressed satisfaction on social media. She highlights the Senate’s decision as a victory for financial innovation and a rebuke of the current administration’s approach to crypto regulation.
The crypto community celebrated the Senate’s decision. Michael Saylor, founder of MicroStrategy and a well-known Bitcoin advocate, expressed his excitement on X. He emphasizes broad support for Bitcoin.
Despite the resolution’s success in Congress, it did not secure enough votes to be veto-proof. President Joe Biden has vowed to veto the resolution. His administration argues that overturning SAB 121 would weaken the SEC’s ability to protect investors and the financial system from crypto-related risks. However, lawmakers like Representative Mike Flood, who sponsored the resolution, continue to urge the president to reconsider.
The Senate’s 60-38 vote follows the House of Representatives’ approval. This outcome reflects bipartisan support against the SEC’s crypto policy.
SAB 121, introduced in March 2022, requires financial institutions to list customers’ digital assets on their balance sheets. Critics argue this mandate creates substantial operational and financial burdens for firms handling cryptocurrencies. The policy has faced opposition for potentially exposing customers’ assets to risks in bankruptcy situations.
Senator Cynthia Lummis, a vocal pro-crypto advocate, spearheaded the resolution’s passage. During the hearing, she emphasized the dangers of SAB 121, explaining that placing customers’ assets on institutional balance sheets could jeopardize those assets during bankruptcies.
After the vote, Lummis expressed satisfaction on social media. She highlights the Senate’s decision as a victory for financial innovation and a rebuke of the current administration’s approach to crypto regulation.
The crypto community celebrated the Senate’s decision. Michael Saylor, founder of MicroStrategy and a well-known Bitcoin advocate, expressed his excitement on X. He emphasizes broad support for Bitcoin.
Despite the resolution’s success in Congress, it did not secure enough votes to be veto-proof. President Joe Biden has vowed to veto the resolution. His administration argues that overturning SAB 121 would weaken the SEC’s ability to protect investors and the financial system from crypto-related risks. However, lawmakers like Representative Mike Flood, who sponsored the resolution, continue to urge the president to reconsider.
📰 GameStop (GME) Frenzy Spreads Into Crypto Meme Coins, Caution Ahead?📰
➡️ FOMO buying into the GameStop ($GME) meme coin costed three investors thousands of dollars. Analysts advise caution from falling into meme coin trends. The recent frenzy in GameStop (GME) has spread across the cryptocurrency market, especially in the meme coin sector. As the US CPI numbers came in line with the market expectations, a strong rally ensured across all meme coins, especially the top players such as PEPE. Strong Meme Coin Party Amid GameStop Frenzy
In Q2, the memecoin sector has outpaced all others in the crypto market, reported on-chain data provider Santiment. Assets such as $PEPE (+100%), $PONKE (+96%), $MAGA (+80%), $TURBO (+78%), etc. have experienced significant surges. Over the past week alone, meme coins have seen a staggering 136% increase in trading volume. Within the meme coin sector, the PEPE Coin has been one of the most outperforming altcoins while hitting a new all-time high earlier this week. What’s more interesting is that the GameStop (GME) meme coin, based on the Solana blockchain, witnessed a 4,000% rally in the last two days. Note that this meme coin has nothing to do with the GameStop company whose stock has registered a 200% gain in the last three trading sessions. Thus, investors need to be more careful while trading the $GME meme coin. In the last 24 hours, the $GME meme coin price has dropped by nearly 50%. Red Flags for Investors
On-chain data provider Santiment reported that the frenzy surrounding Gamestop and AMC has significantly influenced the crypto sphere, largely due to shared speculative tendencies. These two companies are currently dominating discussions across cryptocurrency platforms. These spikes often precede shifts in market direction, offering opportunities for astute traders to capitalize on.
However, bets made on FOMO could cost dearly to investors. On-chain data provider Lookonchain cited three such traders who lost thousands of dollars by trading in FOMO. Other market analysts are not not quite positive on meme coins.
➡️ FOMO buying into the GameStop ($GME) meme coin costed three investors thousands of dollars. Analysts advise caution from falling into meme coin trends. The recent frenzy in GameStop (GME) has spread across the cryptocurrency market, especially in the meme coin sector. As the US CPI numbers came in line with the market expectations, a strong rally ensured across all meme coins, especially the top players such as PEPE. Strong Meme Coin Party Amid GameStop Frenzy
In Q2, the memecoin sector has outpaced all others in the crypto market, reported on-chain data provider Santiment. Assets such as $PEPE (+100%), $PONKE (+96%), $MAGA (+80%), $TURBO (+78%), etc. have experienced significant surges. Over the past week alone, meme coins have seen a staggering 136% increase in trading volume. Within the meme coin sector, the PEPE Coin has been one of the most outperforming altcoins while hitting a new all-time high earlier this week. What’s more interesting is that the GameStop (GME) meme coin, based on the Solana blockchain, witnessed a 4,000% rally in the last two days. Note that this meme coin has nothing to do with the GameStop company whose stock has registered a 200% gain in the last three trading sessions. Thus, investors need to be more careful while trading the $GME meme coin. In the last 24 hours, the $GME meme coin price has dropped by nearly 50%. Red Flags for Investors
On-chain data provider Santiment reported that the frenzy surrounding Gamestop and AMC has significantly influenced the crypto sphere, largely due to shared speculative tendencies. These two companies are currently dominating discussions across cryptocurrency platforms. These spikes often precede shifts in market direction, offering opportunities for astute traders to capitalize on.
However, bets made on FOMO could cost dearly to investors. On-chain data provider Lookonchain cited three such traders who lost thousands of dollars by trading in FOMO. Other market analysts are not not quite positive on meme coins.
📈 Major Bullish Statement About Shibarium Coins Issued by SHIB Team Rep📈
➡️ The official marketing lead of the Shiba Inu team, Lucie, has taken to her account on the X social media platform (formerly known as Twitter) to issue an announcement about the SHIB, BONE and LEASH price behavior she expects to see during a hypothetical approaching altcoin season.
She explained, for crypto beginners, what an alt season is and revealed the main drivers that cause it to happen. Lucie believes that it is “a fantastic opportunity” for Shibarium, its main coins SHIB, BONE and LEASH, and for the Shib army as well.
Alt season explained to SHIB army
Bitcoin
As it happens, the unique features of Shibarium can attract the attention of a wider cryptocurrency community and its adoption would enhance the ecosystem. A higher trading volume of Shibarium tokens would ensure an increase in liquidity, and trading these tokens would become easier.
Lucie assured the community that an alt season is not only about taking profits off the table, but it is also “a chance to showcase #Shibarium’s potential and cement its place in the crypto world.”
Here's when Lucie expects alt season to happen
Once investors holding Bitcoin see it surging to new highs, they begin to sell to lock in profits. Afterwards, having withdrawn money from the paramount crypto, they begin to invest it into altcoins – they are cheaper to get and promise bigger potential profits. They also begin to look for a cryptocurrency with major potential in the near future. Altcoin prices begin to surge, surpassing Bitcoin’s growth.
➡️ The official marketing lead of the Shiba Inu team, Lucie, has taken to her account on the X social media platform (formerly known as Twitter) to issue an announcement about the SHIB, BONE and LEASH price behavior she expects to see during a hypothetical approaching altcoin season.
She explained, for crypto beginners, what an alt season is and revealed the main drivers that cause it to happen. Lucie believes that it is “a fantastic opportunity” for Shibarium, its main coins SHIB, BONE and LEASH, and for the Shib army as well.
Alt season explained to SHIB army
Bitcoin
As it happens, the unique features of Shibarium can attract the attention of a wider cryptocurrency community and its adoption would enhance the ecosystem. A higher trading volume of Shibarium tokens would ensure an increase in liquidity, and trading these tokens would become easier.
Lucie assured the community that an alt season is not only about taking profits off the table, but it is also “a chance to showcase #Shibarium’s potential and cement its place in the crypto world.”
Here's when Lucie expects alt season to happen
Once investors holding Bitcoin see it surging to new highs, they begin to sell to lock in profits. Afterwards, having withdrawn money from the paramount crypto, they begin to invest it into altcoins – they are cheaper to get and promise bigger potential profits. They also begin to look for a cryptocurrency with major potential in the near future. Altcoin prices begin to surge, surpassing Bitcoin’s growth.
📰Two Brothers Arrested for Attacking Ethereum Blockchain and Stealing $25M in Cryptocurrency📰
➡️ An indictment was unsealed today charging Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York, with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. The charges in the indictment arise from an alleged novel scheme by the defendants to exploit the very integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency within approximately 12 seconds. Anton Peraire-Bueno and James Peraire-Bueno were arrested yesterday in Boston and New York, respectively, and will be presented this afternoon before U.S. Magistrate Judge Paul G. Levenson for the District of Massachusetts and U.S. Magistrate Judge Valerie Figueredo for the Southern District of New York.
➡️ An indictment was unsealed today charging Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York, with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. The charges in the indictment arise from an alleged novel scheme by the defendants to exploit the very integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency within approximately 12 seconds. Anton Peraire-Bueno and James Peraire-Bueno were arrested yesterday in Boston and New York, respectively, and will be presented this afternoon before U.S. Magistrate Judge Paul G. Levenson for the District of Massachusetts and U.S. Magistrate Judge Valerie Figueredo for the Southern District of New York.
#SEALANA ✅ Sealana – New SOL Seal-Themed Meme Coin to Buy Ahead of Summer’s Altcoin Frenzy
Sealana is a plump seal who’s plunged into the depths of the Solana Sea. Anchored to his PC and expanding by the day, Sealana has forsaken his once svelte physique for a trader’s fare of chips and canned tuna. His fixation on unearthing the next prominent Solana meme coin keeps his flippers in a frenzy. Drawing inspiration from South Park’s World of Warcraft guy, Sealana is the newest SOL meme coin with a ‘Send to Wallet’ style presale. It’s rumored to be by the makers of the viral SLERF token, which saw massive gains in a matter of weeks in March 2024. Users can either acquire $SEAL via the website widget or send SOL directly to the presale wallet. After the presale concludes, participants will receive token airdrops.
At the moment, 1 SOL will get you 6,900 $SEAL, but the price will rise as the presale goes on, so it’s best to get in early. If you choose to pay by sending tokens directly to Sealana’s wallet, make sure you use a DEX wallet, as tokens from CEXs will not qualify for the airdrop.
Sealana is a plump seal who’s plunged into the depths of the Solana Sea. Anchored to his PC and expanding by the day, Sealana has forsaken his once svelte physique for a trader’s fare of chips and canned tuna. His fixation on unearthing the next prominent Solana meme coin keeps his flippers in a frenzy. Drawing inspiration from South Park’s World of Warcraft guy, Sealana is the newest SOL meme coin with a ‘Send to Wallet’ style presale. It’s rumored to be by the makers of the viral SLERF token, which saw massive gains in a matter of weeks in March 2024. Users can either acquire $SEAL via the website widget or send SOL directly to the presale wallet. After the presale concludes, participants will receive token airdrops.
At the moment, 1 SOL will get you 6,900 $SEAL, but the price will rise as the presale goes on, so it’s best to get in early. If you choose to pay by sending tokens directly to Sealana’s wallet, make sure you use a DEX wallet, as tokens from CEXs will not qualify for the airdrop.
#DOGEVERSE ✅
Dogeverse is the world’s first multi-chain dog token, which will be available across six blockchains. The project features Cosmo, a chain-hopping Doge that brings more freedom and accessibility to the cryptocurrency universe. Since $DOGEVERSE will be accessible across some of the best blockchains, the project optimizes on cost and speed.
Dogeverse will first launch on Ethereum and then on the likes of Avalanche, Polygon, and BNB. This meme coin has a total supply of 200 billion tokens, of which 30 billion are being allocated through the ongoing presale.
At the time of writing, $DOGEVERSE is priced at $0.00031 per token. Undergoing one of the best presale launches, Dogeverse has raised more than $300,000 within a single day of its launch — now standing above $15 million. The soft cap target for the presale is $8.8 million, with the hard cap target set at over $17 million. Investors can also stake $DOGEVERSE and generate high staking APYs (Annual Percentage Yields). At press time, you can earn a 72% annual yields by locking your $DOGEVERSE holdings.
Dogeverse is the world’s first multi-chain dog token, which will be available across six blockchains. The project features Cosmo, a chain-hopping Doge that brings more freedom and accessibility to the cryptocurrency universe. Since $DOGEVERSE will be accessible across some of the best blockchains, the project optimizes on cost and speed.
Dogeverse will first launch on Ethereum and then on the likes of Avalanche, Polygon, and BNB. This meme coin has a total supply of 200 billion tokens, of which 30 billion are being allocated through the ongoing presale.
At the time of writing, $DOGEVERSE is priced at $0.00031 per token. Undergoing one of the best presale launches, Dogeverse has raised more than $300,000 within a single day of its launch — now standing above $15 million. The soft cap target for the presale is $8.8 million, with the hard cap target set at over $17 million. Investors can also stake $DOGEVERSE and generate high staking APYs (Annual Percentage Yields). At press time, you can earn a 72% annual yields by locking your $DOGEVERSE holdings.
📊 21 Best Crypto Presales to Invest In Now – Upcoming Token Sales📊
➡️Dogeverse – Overall best crypto presale to invest in; raised over $15 million in presale.
➡️Sealana – Irreverent new seal-themed meme coin with $700k already raised in send-to-wallet presale.
➡️Wiener AI – New meme coin with high staking rewards during the presale.
➡️Mega Dice Token – New CasinoFi crypto, get in-game discounts and NFTs.
➡️99Bitcoins – Learn-to-earn crypto offers huge staking APYs. Over $893K raised in presale.
➡️5th Scape – Hyper-realistic virtual reality token recently launched on presale.
➡️Sponge V2 – V2 token presale of a popular meme coin. Rose by 100x in 2023.
➡️Smog – New meme coin providing the best alternative to presale cryptocurrencies.
➡️eTukTuk – New crypto building EV charging stations. $2.4 million raised in presale.
➡️Shiba Shootout – Western-themed meme coin with community rewards and staking.
➡️Dreamcars – First crypto platform that is democratizing luxury car ownership. $250K raised.
➡️Memereum – First crypto asset insurance on the BNB blockchain.
➡️HypeLoot – Profit sharing opportunity from the first AI-powered crypto casino.
➡️Mollars – A decentralized crypto offering investors access to a DAO. $850K raised.
➡️Healix – Decentralized healthcare crypto, get staking yields and access AI models.
➡️DogLibre – New meme coin promoting dog adoption. Mint NFTs and get staking APYs.
➡️Gas Wizard – An innovative crypto project designed to help you pay less at the gas pump.
➡️BlastUp – Popular L2 launchpad with high rewards for staking, raised $4.9+ million in presale.
➡️OppaCoin – Meme coin fueled by AI and K-culture mania.
➡️MaoCat – Newest meme coin combining the powers of Chinese culture and cat memes.
➡️Coindexer – New decentralized exchange platform offers high staking yield
Advice: Crypto is a fluctuating (non stable) market this is just a suggestion, you should do your own research before taking further steps.
➡️Dogeverse – Overall best crypto presale to invest in; raised over $15 million in presale.
➡️Sealana – Irreverent new seal-themed meme coin with $700k already raised in send-to-wallet presale.
➡️Wiener AI – New meme coin with high staking rewards during the presale.
➡️Mega Dice Token – New CasinoFi crypto, get in-game discounts and NFTs.
➡️99Bitcoins – Learn-to-earn crypto offers huge staking APYs. Over $893K raised in presale.
➡️5th Scape – Hyper-realistic virtual reality token recently launched on presale.
➡️Sponge V2 – V2 token presale of a popular meme coin. Rose by 100x in 2023.
➡️Smog – New meme coin providing the best alternative to presale cryptocurrencies.
➡️eTukTuk – New crypto building EV charging stations. $2.4 million raised in presale.
➡️Shiba Shootout – Western-themed meme coin with community rewards and staking.
➡️Dreamcars – First crypto platform that is democratizing luxury car ownership. $250K raised.
➡️Memereum – First crypto asset insurance on the BNB blockchain.
➡️HypeLoot – Profit sharing opportunity from the first AI-powered crypto casino.
➡️Mollars – A decentralized crypto offering investors access to a DAO. $850K raised.
➡️Healix – Decentralized healthcare crypto, get staking yields and access AI models.
➡️DogLibre – New meme coin promoting dog adoption. Mint NFTs and get staking APYs.
➡️Gas Wizard – An innovative crypto project designed to help you pay less at the gas pump.
➡️BlastUp – Popular L2 launchpad with high rewards for staking, raised $4.9+ million in presale.
➡️OppaCoin – Meme coin fueled by AI and K-culture mania.
➡️MaoCat – Newest meme coin combining the powers of Chinese culture and cat memes.
➡️Coindexer – New decentralized exchange platform offers high staking yield
Advice: Crypto is a fluctuating (non stable) market this is just a suggestion, you should do your own research before taking further steps.
#BTC El Salvador mined nearly 474 bitcoins, adding to state crypto holding, in last three years #BTC
➡️ El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.
The country's "Bitcoin Office," an official government entity, reports that government coffers now hold 5,750 bitcoins. The new additions, 473.5 bitcoins worth some $29 million since September of 2021, were powered by a small amount of geothermal energy generated by the country's imposing Tecapa volcano, touted as a green way to accumulate the well-known cryptocurrency, which is not regulated by any central bank.
The administration of Bitcoin enthusiast President Nayib Bukele, who earlier this year was reelected to a second term, has installed 300 processors to "mine" bitcoins from the volcano.
Of the 102 megawatts (MW) produced by the state-owned power plant, 1.5 MW are devoted to cryptocurrency mining. The so-called crypto mining process requires large amounts of energy for computing and cooling data processing centers, which perform complex math equations in order to secure cryptocurrencies like bitcoin.
Elsewhere in the world, cryptocurrency miners have recently come under increased scrutiny for their electricity-sapping operations, and for the impact their activity has on power grids and carbon emissions.
In 2021, El Salvador became the first country to adopt bitcoin as legal tender, alongside the U.S. dollar which it adopted two decades earlier. The bitcoin move earned Nayib's government harsh criticism for its embrace of the volatile cryptocurrency, including from the International Monetary Fund (IMF).
Cryptocurrency miners Foundry USA, Ant pool, ViaBTC, F2Pool and Binance Pool pooled their resources to win a reward for opening a blockchain that can verify the last three years of bitcoin transactions originating from the power plant, according to the government Bitcoin Office.
➡️ El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.
The country's "Bitcoin Office," an official government entity, reports that government coffers now hold 5,750 bitcoins. The new additions, 473.5 bitcoins worth some $29 million since September of 2021, were powered by a small amount of geothermal energy generated by the country's imposing Tecapa volcano, touted as a green way to accumulate the well-known cryptocurrency, which is not regulated by any central bank.
The administration of Bitcoin enthusiast President Nayib Bukele, who earlier this year was reelected to a second term, has installed 300 processors to "mine" bitcoins from the volcano.
Of the 102 megawatts (MW) produced by the state-owned power plant, 1.5 MW are devoted to cryptocurrency mining. The so-called crypto mining process requires large amounts of energy for computing and cooling data processing centers, which perform complex math equations in order to secure cryptocurrencies like bitcoin.
Elsewhere in the world, cryptocurrency miners have recently come under increased scrutiny for their electricity-sapping operations, and for the impact their activity has on power grids and carbon emissions.
In 2021, El Salvador became the first country to adopt bitcoin as legal tender, alongside the U.S. dollar which it adopted two decades earlier. The bitcoin move earned Nayib's government harsh criticism for its embrace of the volatile cryptocurrency, including from the International Monetary Fund (IMF).
Cryptocurrency miners Foundry USA, Ant pool, ViaBTC, F2Pool and Binance Pool pooled their resources to win a reward for opening a blockchain that can verify the last three years of bitcoin transactions originating from the power plant, according to the government Bitcoin Office.
📉📈 Crypto Prices Today May 15: Bitcoin & Ethereum Suffer Amid Market Decline As Pepe Coin Shines📈📉 #ETH_Market_Update #Btcpricealert #SolanaStrong #pepe⚡ #Dogecoin狗狗币付款作为方式
🔵 The crypto prices today suffered from a bearish trend as Bitcoin failed to sustain the $62,000 mark while Ethereum and several other altcoins plunged, however, Pepe Coin emerged as the top gainer despite the market downturn. The top crypto prices today registered a decline as the Bitcoin (BTC) price extended lower than the $62,000 mark. Moreover, the Ethereum (ETH price struggled to sustain above the $2,900 level. In addition, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also noted a significant drop.
1. Bitcoin Price
The Bitcoin price dropped 0.95%, reaching $61,909.06 at the time of writing on Wednesday, May 15. On the other hand, it’s trading volume slumped 5.31% to $26.27 billion in the last 24 hours. Whilst, the crypto’s market capitalization stood at $1.21 trillion.
2. Ethereum Price
The Ethereum price dipped 1.12% to $2,905.97 at press time with a market valuation of $346.58 billion. Whilst, ETH saw its trading volume fell 1.14%, reaching $12.09 billion.
3. Solana Price
The Solana price distanced from the $150 level amid the declines today. The Solana price slumped 2.68%, settling at $143.90. In contrast, SOL witnessed a 6.75% hike in trade volume to $2.47 billion in the last 24 hours.
4. XRP Price
Whilst, the XRP price inched closer to drop below the $0.50 mark again. The XRP price recorded a drop of 0.89%, reaching $0.502. On the other hand, XRP’s trading volume shot up by 25.49% to $1.06 billion.
5. Cardano Price
Meanwhile, the Cardano crypto price was down 1.81% to $0.4289 today. Whilst, ADA recorded a slump of 19.33% in its 24-hour trading volume, settling at $290.99 million.
6. Dogecoin & Shiba Inu Price
The Dogecoin price plunged 3.04% to $0.1464 while its rival, Shiba Inu price tumbled 2.20% and traded at $0.00002305.
🔵 The crypto prices today suffered from a bearish trend as Bitcoin failed to sustain the $62,000 mark while Ethereum and several other altcoins plunged, however, Pepe Coin emerged as the top gainer despite the market downturn. The top crypto prices today registered a decline as the Bitcoin (BTC) price extended lower than the $62,000 mark. Moreover, the Ethereum (ETH price struggled to sustain above the $2,900 level. In addition, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also noted a significant drop.
1. Bitcoin Price
The Bitcoin price dropped 0.95%, reaching $61,909.06 at the time of writing on Wednesday, May 15. On the other hand, it’s trading volume slumped 5.31% to $26.27 billion in the last 24 hours. Whilst, the crypto’s market capitalization stood at $1.21 trillion.
2. Ethereum Price
The Ethereum price dipped 1.12% to $2,905.97 at press time with a market valuation of $346.58 billion. Whilst, ETH saw its trading volume fell 1.14%, reaching $12.09 billion.
3. Solana Price
The Solana price distanced from the $150 level amid the declines today. The Solana price slumped 2.68%, settling at $143.90. In contrast, SOL witnessed a 6.75% hike in trade volume to $2.47 billion in the last 24 hours.
4. XRP Price
Whilst, the XRP price inched closer to drop below the $0.50 mark again. The XRP price recorded a drop of 0.89%, reaching $0.502. On the other hand, XRP’s trading volume shot up by 25.49% to $1.06 billion.
5. Cardano Price
Meanwhile, the Cardano crypto price was down 1.81% to $0.4289 today. Whilst, ADA recorded a slump of 19.33% in its 24-hour trading volume, settling at $290.99 million.
6. Dogecoin & Shiba Inu Price
The Dogecoin price plunged 3.04% to $0.1464 while its rival, Shiba Inu price tumbled 2.20% and traded at $0.00002305.
📉📈#SOLANA Price Analysis📉📈
➡️ Solana SOL tickers down $147 broke below the $140 support on May 13, but the bears could not pull the price to the pivotal support at $126.
The flattish 20-day EMA ($146) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price turns up and rises above the 20-day EMA, it will suggest solid buying at lower levels. The pair may reach the stiff resistance at $162.
Instead, if the price turns down from the 20-day EMA and breaks below $137, it will signal that bears are trying to take charge. The SOL/USDT pair could descend to $126, which is when the bulls are expected to start buying.
📉📈 #XRP Price Analysis 📈📉
➡️XRP tickers down $0.51 has been trading below the 20-day EMA ($0.52), but the bears have failed to sink the price to the essential support at $0.46. The downsloping 20-day EMA and the RSI near 43 suggest that the bears have the edge. Any recovery attempt is likely to face selling at the 20-day EMA. If the price turns down from the 20-day EMA, the XRP/USDT pair could dive to $0.46. Buyers are expected to fiercely defend this level.
If the price rebounds off $0.46 with strength and rises above the 20-day EMA, it will indicate that the pair may extend its range-bound action for some more time.
Advice: Crypto is a fluctuating (non stable) market this is just a suggestion, you should do your own research before taking further steps.
➡️ Solana SOL tickers down $147 broke below the $140 support on May 13, but the bears could not pull the price to the pivotal support at $126.
The flattish 20-day EMA ($146) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price turns up and rises above the 20-day EMA, it will suggest solid buying at lower levels. The pair may reach the stiff resistance at $162.
Instead, if the price turns down from the 20-day EMA and breaks below $137, it will signal that bears are trying to take charge. The SOL/USDT pair could descend to $126, which is when the bulls are expected to start buying.
📉📈 #XRP Price Analysis 📈📉
➡️XRP tickers down $0.51 has been trading below the 20-day EMA ($0.52), but the bears have failed to sink the price to the essential support at $0.46. The downsloping 20-day EMA and the RSI near 43 suggest that the bears have the edge. Any recovery attempt is likely to face selling at the 20-day EMA. If the price turns down from the 20-day EMA, the XRP/USDT pair could dive to $0.46. Buyers are expected to fiercely defend this level.
If the price rebounds off $0.46 with strength and rises above the 20-day EMA, it will indicate that the pair may extend its range-bound action for some more time.
Advice: Crypto is a fluctuating (non stable) market this is just a suggestion, you should do your own research before taking further steps.
📈📉 #BTC Price Analysis #Eth Price Analysis📈📉
➡️#BTC The bulls are struggling to sustain Bitcoin above the 20-day EMA ($62,671), indicating that the bears are maintaining the pressure.
The flattish 20-day EMA and the RSI near the midpoint suggest the range-bound action may extend for a few more days. If buyers maintain the price above the 20-day EMA, the BTC/USDT pair could rise to the 50-day SMA ($65,426). This level may act as a stiff resistance, but if the bulls surpass it, the pair may climb to $73,777.
Contrary to this assumption, if the price turns down from the 50-day SMA, it will indicate that bears are active at higher levels. The pair may then slump to the critical support zone between $59,600 and $56,500.
➡️ #ETH Ether ETH tickers down $2,913 continues to trade inside the descending channel pattern, indicating that the bears are in control. The price is attempting to bounce off $2,850, an important level for the bulls to defend. If this level breaks down, the ETH/USDT pair could start the next leg of the downtrend to the channel’s support line.
Time is running out for the bulls. If they want to make a comeback, they will have to start a recovery and drive the price above the resistance line. The pair may then rise to $3,357 and later to $3,730.
Advice: Crypto is a fluctuating (non stable) market this is just a suggestion, you should do your own research before taking further steps.
➡️#BTC The bulls are struggling to sustain Bitcoin above the 20-day EMA ($62,671), indicating that the bears are maintaining the pressure.
The flattish 20-day EMA and the RSI near the midpoint suggest the range-bound action may extend for a few more days. If buyers maintain the price above the 20-day EMA, the BTC/USDT pair could rise to the 50-day SMA ($65,426). This level may act as a stiff resistance, but if the bulls surpass it, the pair may climb to $73,777.
Contrary to this assumption, if the price turns down from the 50-day SMA, it will indicate that bears are active at higher levels. The pair may then slump to the critical support zone between $59,600 and $56,500.
➡️ #ETH Ether ETH tickers down $2,913 continues to trade inside the descending channel pattern, indicating that the bears are in control. The price is attempting to bounce off $2,850, an important level for the bulls to defend. If this level breaks down, the ETH/USDT pair could start the next leg of the downtrend to the channel’s support line.
Time is running out for the bulls. If they want to make a comeback, they will have to start a recovery and drive the price above the resistance line. The pair may then rise to $3,357 and later to $3,730.
Advice: Crypto is a fluctuating (non stable) market this is just a suggestion, you should do your own research before taking further steps.
📰 ‼️Why Bitcoin BTC Price Is Falling Suddenly, How Low It Can Go?‼️ #BTC❓ #Btcpricealert
➡️ Bitcoin price started falling and paring earlier gains after new macroeconomic data, signaled that macro factors are key drivers of the Bitcoin price currently. And as PPI, CPI, and Fed Chair Jerome Powell’s speech are due this week, BTC price is likely to remain under pressure and volatile.
The latest pullback in BTC price was a result of US consumer inflation expectations data. The inflation expectations for the year ahead came at 3.3%, the highest since November, from 3% in each of the previous four months. Moreover, the inflation expectations for five-year horizon increased to 2.8% from 2.6%.
CoinGape recently reported University of Michigan consumer sentiment data caused BTC price to tumble below $61,000 as inflation expectations for the year ahead rose to 3.5% and the five-year inflation outlook hit 3.1% from 3.0%.
✅ Crypto Market Saw Over $210 Million Liquidation
➡️ Coinglass data shows more than $212 million were liquidated across the crypto market in the last 24 hours. Among this, $132 million long positions were liquidated and nearly $80 million short positions were liquidated. Most of the liquidation happened in the last hour, which was recorded at over $50 million.
Over 90K traders were liquidated and the largest single liquidation order happened on crypto exchange Binance as someone sold ETH for BTC valued at $3.98 million. This was an interesting move by an investor or a whale.
price fell more than 1% in a few hours to $62,566. The 24-hour low and high are $60,769 and $63,422, respectively. The prices are likely to maintain the weak momentum and fall to support at $62,000.
Popular analyst Ali Martinez predicts a retrace toward $62,000 as Bitcoin is facing rejection by the 200-EMA on the 4-hour chart.
However, BTC will continue its upward trajectory if the candlestick closes above $64,000.
➡️ Bitcoin price started falling and paring earlier gains after new macroeconomic data, signaled that macro factors are key drivers of the Bitcoin price currently. And as PPI, CPI, and Fed Chair Jerome Powell’s speech are due this week, BTC price is likely to remain under pressure and volatile.
The latest pullback in BTC price was a result of US consumer inflation expectations data. The inflation expectations for the year ahead came at 3.3%, the highest since November, from 3% in each of the previous four months. Moreover, the inflation expectations for five-year horizon increased to 2.8% from 2.6%.
CoinGape recently reported University of Michigan consumer sentiment data caused BTC price to tumble below $61,000 as inflation expectations for the year ahead rose to 3.5% and the five-year inflation outlook hit 3.1% from 3.0%.
✅ Crypto Market Saw Over $210 Million Liquidation
➡️ Coinglass data shows more than $212 million were liquidated across the crypto market in the last 24 hours. Among this, $132 million long positions were liquidated and nearly $80 million short positions were liquidated. Most of the liquidation happened in the last hour, which was recorded at over $50 million.
Over 90K traders were liquidated and the largest single liquidation order happened on crypto exchange Binance as someone sold ETH for BTC valued at $3.98 million. This was an interesting move by an investor or a whale.
price fell more than 1% in a few hours to $62,566. The 24-hour low and high are $60,769 and $63,422, respectively. The prices are likely to maintain the weak momentum and fall to support at $62,000.
Popular analyst Ali Martinez predicts a retrace toward $62,000 as Bitcoin is facing rejection by the 200-EMA on the 4-hour chart.
However, BTC will continue its upward trajectory if the candlestick closes above $64,000.
✅ Top AI tokens bleed despite reports of Apple closing deal to use OpenAI features✅
➡️ Technology giant Apple Inc. has reportedly reached an agreement with Artificial Intelligence (AI) firm OpenAI to include the latter’s tech in the next iPhone. Bloomberg reported that the two parts have likely finalized the terms for OpenAI’s application in Apple’s iOS 18.
‼️ Apple embraces AI tech from OpenAI‼️
➡️ Apple and OpenAI have been in talks for a pact to use the latter’s AI features in the next iPhone operating system. Bloomberg’s report cites that Apple’s agreement with OpenAI is part of the technology giant’s push to bring AI features to its devices and that the firm has previously held talks with Google regarding the Gemini chatbot. The talks regarding Gemini are likely still ongoing, while the firm finalizes its agreement with Sam Altman-led OpenAI.
🔵Why does this matter to AI token narrative?
➡️ OpenAI is headed by Sam Altman, who is also in charge of the token Worldcoin (WLD). There is news of partnership talks between OpenAI and Altman’s Worldcoin project. Bloomberg reported that negotiation is ongoing for a partnership that would see the AI firm provide its solutions and services to the Worldcoin project, and explore synergies.
Worldcoin’s WLD token is trading at $5.89, up 0.8% in the last 24 hours. Meanwhile, the top 30 cryptocurrencies ranked by market capitalization in the AI sector have noted a decline in their prices in the last 24 hours. Prices of AI crypto tokens have surged previously in response to the developments in the sector.
➡️ Technology giant Apple Inc. has reportedly reached an agreement with Artificial Intelligence (AI) firm OpenAI to include the latter’s tech in the next iPhone. Bloomberg reported that the two parts have likely finalized the terms for OpenAI’s application in Apple’s iOS 18.
‼️ Apple embraces AI tech from OpenAI‼️
➡️ Apple and OpenAI have been in talks for a pact to use the latter’s AI features in the next iPhone operating system. Bloomberg’s report cites that Apple’s agreement with OpenAI is part of the technology giant’s push to bring AI features to its devices and that the firm has previously held talks with Google regarding the Gemini chatbot. The talks regarding Gemini are likely still ongoing, while the firm finalizes its agreement with Sam Altman-led OpenAI.
🔵Why does this matter to AI token narrative?
➡️ OpenAI is headed by Sam Altman, who is also in charge of the token Worldcoin (WLD). There is news of partnership talks between OpenAI and Altman’s Worldcoin project. Bloomberg reported that negotiation is ongoing for a partnership that would see the AI firm provide its solutions and services to the Worldcoin project, and explore synergies.
Worldcoin’s WLD token is trading at $5.89, up 0.8% in the last 24 hours. Meanwhile, the top 30 cryptocurrencies ranked by market capitalization in the AI sector have noted a decline in their prices in the last 24 hours. Prices of AI crypto tokens have surged previously in response to the developments in the sector.
‼️ What’s Happening With Ethereum Price Today: May 13, 2024?‼️ #ETH_Market_Update
➡️ Ethereum price has gone through a rollercoaster in the last few weeks as the price has witnessed multiple ups and downs. The second biggest cryptocurrency, Ethereum, has declined more than 11% in a month, 9.31% in a week, and almost 2% drop in the last 24 hours. So, what’s happening with the Ethereum price? Will there be recovery anytime soon? Let us discuss that in this blog.
🔵 Ethereum Price Analysis
➡️ Ethereum price has declined continuously in the last few days following the crypto market decline. At the time of writing, Ethereum is trading at $2,892.53, the lowest value in two months. However, the trading volume has witnessed a 35% upsurge, pushing the value to $8,291,166,546. It is because of the current whale interaction on the network which has interfered with the Ethereum holder’s sentiments. As per the Spot On Chain data, a single whale has deposited 4,153 ETH worth $12.2 million ETH tokens on the Coinbase exchange. As a result, Ethereum is in a selling zone where its MACD and exponential moving averages indicate selling pressure on the token.
🔵 Will Ethereum Price Recover Anytime Soon?
➡️ As the overall market is down, Bitcoin price has also slipped to $60K from $63K. Seeing a momentary price drop in Ethereum isn’t big. However, a few analysts have spoken of the possibility of Ethereum dropping to the low of $2500.
Benjamin Cowen, a crypto analyst, has been monitoring the ETH price against the BTC and has continuously spoken of Ethereum being bearish for a long now. He believes Ethereum might go down and settle around the April 2021 level of $2500.
➡️ Ethereum price has gone through a rollercoaster in the last few weeks as the price has witnessed multiple ups and downs. The second biggest cryptocurrency, Ethereum, has declined more than 11% in a month, 9.31% in a week, and almost 2% drop in the last 24 hours. So, what’s happening with the Ethereum price? Will there be recovery anytime soon? Let us discuss that in this blog.
🔵 Ethereum Price Analysis
➡️ Ethereum price has declined continuously in the last few days following the crypto market decline. At the time of writing, Ethereum is trading at $2,892.53, the lowest value in two months. However, the trading volume has witnessed a 35% upsurge, pushing the value to $8,291,166,546. It is because of the current whale interaction on the network which has interfered with the Ethereum holder’s sentiments. As per the Spot On Chain data, a single whale has deposited 4,153 ETH worth $12.2 million ETH tokens on the Coinbase exchange. As a result, Ethereum is in a selling zone where its MACD and exponential moving averages indicate selling pressure on the token.
🔵 Will Ethereum Price Recover Anytime Soon?
➡️ As the overall market is down, Bitcoin price has also slipped to $60K from $63K. Seeing a momentary price drop in Ethereum isn’t big. However, a few analysts have spoken of the possibility of Ethereum dropping to the low of $2500.
Benjamin Cowen, a crypto analyst, has been monitoring the ETH price against the BTC and has continuously spoken of Ethereum being bearish for a long now. He believes Ethereum might go down and settle around the April 2021 level of $2500.
📰 Billionaire Mark Cuban: US SEC Should Learn from Japan on Crypto Regulations. #MarkCuban #Crypto
➡️ Billionaire Mark Cuban has been recently vocal about his support for digital assets while lashing out at the U.S. Securities and Exchange Commission (SEC) on handling crypto regulations. He said that the current Biden administration and the SEC need to learn from Japan about how to handle crypto regulations.
✅ SEC Should Take A Cue from Japan On Crypto Regulations
➡️ Entrepreneur and investor Mark Cuban has directed a plea to U.S. lawmakers, urging them to take inspiration from Japan’s regulatory approach to cryptocurrency. In a series of tweets addressed to Senate and House Democrats, Cuban questioned why Japan fully supports cryptocurrency while the U.S. Securities and Exchange Commission (SEC) imposes stringent regulations, making it challenging for crypto businesses to thrive domestically.
Cuban emphasized the global significance of cryptocurrency, expressing concern that the United States risks falling behind by stifling innovation in this sector. He highlighted Japan’s proactive measures in reducing fraud and suggested that aligning with similar regulatory principles could benefit the U.S. market.
Furthermore, Cuban criticized the SEC for what he perceives as institutional shortcomings, arguing that the regulatory body’s failures extend beyond the realm of cryptocurrency. He pointed out discrepancies in the SEC’s handling of traditional stock markets, citing instances of fraud and institutional lapses.
Cuban’s remarks underscore the importance of regulatory clarity and support for technological advancements to foster a thriving ecosystem of innovation and investment.
🇯🇵 Japan to Benefits From Crypto Innovation
➡️Currently, Japan has approved cryptocurrency trading for 65 tokens. One of Mark Cuban’s followers asked him as to which of these tokens led to a breakthrough application. He also said that Japan was home to one of the biggest bankruptcies in crypto, the Mt. Gox collapse.
#JapanEconomy
➡️ Billionaire Mark Cuban has been recently vocal about his support for digital assets while lashing out at the U.S. Securities and Exchange Commission (SEC) on handling crypto regulations. He said that the current Biden administration and the SEC need to learn from Japan about how to handle crypto regulations.
✅ SEC Should Take A Cue from Japan On Crypto Regulations
➡️ Entrepreneur and investor Mark Cuban has directed a plea to U.S. lawmakers, urging them to take inspiration from Japan’s regulatory approach to cryptocurrency. In a series of tweets addressed to Senate and House Democrats, Cuban questioned why Japan fully supports cryptocurrency while the U.S. Securities and Exchange Commission (SEC) imposes stringent regulations, making it challenging for crypto businesses to thrive domestically.
Cuban emphasized the global significance of cryptocurrency, expressing concern that the United States risks falling behind by stifling innovation in this sector. He highlighted Japan’s proactive measures in reducing fraud and suggested that aligning with similar regulatory principles could benefit the U.S. market.
Furthermore, Cuban criticized the SEC for what he perceives as institutional shortcomings, arguing that the regulatory body’s failures extend beyond the realm of cryptocurrency. He pointed out discrepancies in the SEC’s handling of traditional stock markets, citing instances of fraud and institutional lapses.
Cuban’s remarks underscore the importance of regulatory clarity and support for technological advancements to foster a thriving ecosystem of innovation and investment.
🇯🇵 Japan to Benefits From Crypto Innovation
➡️Currently, Japan has approved cryptocurrency trading for 65 tokens. One of Mark Cuban’s followers asked him as to which of these tokens led to a breakthrough application. He also said that Japan was home to one of the biggest bankruptcies in crypto, the Mt. Gox collapse.
#JapanEconomy
Top 6 Best Early-stage Cryptocurrencies to Invest In
Getting into early stage cryptocurrencies can be immensely profitable. Cryptocurrency presales have grown in popularity recently, mainly because investors may now add cryptocurrency assets to their portfolios at a discount. For those looking to get into cryptocurrency for the first time without breaking the bank, presales provide an exciting possibility due to their ability to raise future profits significantly at minimal initial investment costs. However, this article focuses on newly-launched cryptocurrencies that are still in their early stages and a great investment opportunity.
Top Early-stage Cryptocurrencies
1. Arbitrum
Price : $1.00600000
24 HR Change: 0.49%
Market Cap: $2.67B
Total Volume: $123,181,256
2. Dogwifhat
Price: $2.9800
24 HR Change: -2.69%
Market Cap: $2.96B
Total Volume: $123,181256
3. Wall Street Memes
Price: $0.006027
24 HR Change: 5.27%
Market Cap: $11.35M
Total Volume: $1,472,928
4. Pikamon
Price: $0.00125478
24 HR Change: 1.88%
Market Cap: $0
Total Volume: $416,293
5.Sui
Price: $1.012
24 HR Change: 0.67%
Market Cap: $3.37B
Total Volume: $82,217,624
Pepe
Price: $0.00000880
24 HR Change: 3.44%
Market Cap: $3.70B
Total Volume: $428,867,088
Advice: Crypto is a fluctuating (non stable) market this is just a suggestion, you should do your own research before taking further steps.
Getting into early stage cryptocurrencies can be immensely profitable. Cryptocurrency presales have grown in popularity recently, mainly because investors may now add cryptocurrency assets to their portfolios at a discount. For those looking to get into cryptocurrency for the first time without breaking the bank, presales provide an exciting possibility due to their ability to raise future profits significantly at minimal initial investment costs. However, this article focuses on newly-launched cryptocurrencies that are still in their early stages and a great investment opportunity.
Top Early-stage Cryptocurrencies
1. Arbitrum
Price : $1.00600000
24 HR Change: 0.49%
Market Cap: $2.67B
Total Volume: $123,181,256
2. Dogwifhat
Price: $2.9800
24 HR Change: -2.69%
Market Cap: $2.96B
Total Volume: $123,181256
3. Wall Street Memes
Price: $0.006027
24 HR Change: 5.27%
Market Cap: $11.35M
Total Volume: $1,472,928
4. Pikamon
Price: $0.00125478
24 HR Change: 1.88%
Market Cap: $0
Total Volume: $416,293
5.Sui
Price: $1.012
24 HR Change: 0.67%
Market Cap: $3.37B
Total Volume: $82,217,624
Pepe
Price: $0.00000880
24 HR Change: 3.44%
Market Cap: $3.70B
Total Volume: $428,867,088
Advice: Crypto is a fluctuating (non stable) market this is just a suggestion, you should do your own research before taking further steps.
Dogecoin and Shiba Inu Await Breakout for Over 100% Rally
Dogecoin and Shiba Inu suffered intense drawdown amid the market's bearish twist, however, on-chain signals reveal a possible uptick ahead
The volatility recorded in the broader crypto ecosystem impacted memecoins remarkably with the spotlight on Dogecoin (DOGE) and Shiba Inu (SHIB). With the bearish outlook, Shiba Inu slumped by 10.65% in the trailing 7-day period, dropping as low as $0.000022 in that time.
Dogecoin was not spared either as bears dragged it down by over 11% to a weekly low of $0.142. Amid this slump, crucial on-chain technical data shows an uptick for over a 100% rally cannot be ruled out.
Dogecoin Bulls Set To Take Advantage
Dogecoin is currently signaling showcasing a mildly oversold trend on the daily chart. The coin’s Relative Strength Index (RSI) comes in at 45, slightly up from the 34 recorded on May 1. This heightened selling pressure underscores a likely bullish trend change is underway.
The signals are there as Dogecoin is trading above its 200-Moving Average (MA) but below its 50-day MA. Known as a highly volatile asset class, it becomes immediately difficult to predict a solo bullish rally for DOGE. The broader market sentiment remains a crucial factor that can help sustain the mild uptick in the Open Interest (OI). At the moment, Coinalyze pegs the OI at $645.6 million, up by 0.87% at the time of writing.
For Dogecoin, the $0.16 resistance level remains a crucial level to watch. With at least 3 attempts to breach this level over the past 4 weeks, surpassing this point might push the price of DOGE to $0.2 in the near term. Besides the impact of Dogecoin whales, the coin has limited fundamentals to trigger the run, however, market trend and its historic precedence may help trigger at least a 100% rally in near term.
Shiba Inu To Lead By Example
Shiba Inu bulls have many things to prove both to themselves and the memecoin ecosystem. In recent weeks, Shiba Inu has outdid itself with more than 116% growth Year-to-Date (YTD). #coingape
Dogecoin and Shiba Inu suffered intense drawdown amid the market's bearish twist, however, on-chain signals reveal a possible uptick ahead
The volatility recorded in the broader crypto ecosystem impacted memecoins remarkably with the spotlight on Dogecoin (DOGE) and Shiba Inu (SHIB). With the bearish outlook, Shiba Inu slumped by 10.65% in the trailing 7-day period, dropping as low as $0.000022 in that time.
Dogecoin was not spared either as bears dragged it down by over 11% to a weekly low of $0.142. Amid this slump, crucial on-chain technical data shows an uptick for over a 100% rally cannot be ruled out.
Dogecoin Bulls Set To Take Advantage
Dogecoin is currently signaling showcasing a mildly oversold trend on the daily chart. The coin’s Relative Strength Index (RSI) comes in at 45, slightly up from the 34 recorded on May 1. This heightened selling pressure underscores a likely bullish trend change is underway.
The signals are there as Dogecoin is trading above its 200-Moving Average (MA) but below its 50-day MA. Known as a highly volatile asset class, it becomes immediately difficult to predict a solo bullish rally for DOGE. The broader market sentiment remains a crucial factor that can help sustain the mild uptick in the Open Interest (OI). At the moment, Coinalyze pegs the OI at $645.6 million, up by 0.87% at the time of writing.
For Dogecoin, the $0.16 resistance level remains a crucial level to watch. With at least 3 attempts to breach this level over the past 4 weeks, surpassing this point might push the price of DOGE to $0.2 in the near term. Besides the impact of Dogecoin whales, the coin has limited fundamentals to trigger the run, however, market trend and its historic precedence may help trigger at least a 100% rally in near term.
Shiba Inu To Lead By Example
Shiba Inu bulls have many things to prove both to themselves and the memecoin ecosystem. In recent weeks, Shiba Inu has outdid itself with more than 116% growth Year-to-Date (YTD). #coingape
