Binance Square

Мемкоиндар туралы соңғы жаңалықтар, нарық капитализациясы бойынша үздік мемкоиндар

--

What’s Happening with Dogecoin? Trump Win Spurs 159% Surge and Sparks Bull Run Hopes

According to Benzinga: Dogecoin (DOGE) has seen an impressive 159% rally to $0.41 since the U.S. presidential election, driven by renewed optimism for a crypto-friendly environment under President Donald Trump and a broader cryptocurrency market surge. Bitcoin’s new all-time high has further contributed to this enthusiasm, sparking demand for meme-based assets like Dogecoin, which appeals to retail investors with its low price and high accessibility.Market Sentiment and Policy Speculation Drive Dogecoin HigherTrump’s campaign has generated excitement among crypto investors, with his messages suggesting support for a U.S. crypto economy. Expectations are rising that the Republican Party’s recent win will lead to policies favorable to digital assets, including corporate tax cuts and a stringent stance on inflation. As concerns over inflation grow, many investors are increasingly viewing cryptocurrencies as a hedge against dollar devaluation.Whale Moves 200 Million DOGE Amid Dogecoin’s 13% Daily Price RiseOn the back of Dogecoin’s rally, Whale Alert reported a large transfer of 200 million DOGE, worth nearly $45.7 million, from Robinhood to an anonymous wallet. This major transaction has stirred the crypto community, sparking various reactions and discussions on social media. Such substantial movements are often seen as a precursor to further price volatility, with traders keeping a close watch.According to analyst Ali Martinez, Dogecoin recently broke through the $0.198 resistance level, and if the meme coin continues to sustain above $0.20, it could enter a parabolic run. Over the past 24 hours, Dogecoin surged 13.28%, briefly reaching $0.232 before settling around $0.229 at the time of this report.As the pro-crypto sentiment grows and institutional interest in cryptocurrencies expands, Dogecoin’s community-driven appeal and market position as an entry-level asset could continue to boost its price trajectory.
10
--

Significant AVAX and AAVE Transfers to Grayscale Trusts

According to Odaily, recent data from Arkham monitoring reveals a substantial transfer of digital assets into Grayscale's trust funds. Approximately two hours ago, a total of 8,851 AVAX tokens were moved from an unknown address beginning with 0xC7E into the Grayscale Avalanche Trust. This significant transaction highlights the ongoing interest and investment in the Avalanche ecosystem, which has been gaining traction in the cryptocurrency market.In addition to the AVAX transfer, the same unknown address also transferred 1,396 AAVE tokens into the Grayscale Aave Trust within the same timeframe. This movement of AAVE tokens underscores the growing attention towards decentralized finance (DeFi) platforms, with Aave being one of the leading protocols in this space. The influx of these tokens into Grayscale's trusts suggests a strategic accumulation by institutional investors, reflecting confidence in the long-term potential of these digital assets.These transactions are part of a broader trend where institutional investors are increasingly participating in the cryptocurrency market through established trust funds like those offered by Grayscale. Such movements are often seen as indicators of market sentiment and can influence the perception of these digital assets among retail investors. As the cryptocurrency landscape continues to evolve, the role of institutional investments remains pivotal in shaping the future of digital finance.
13
--

Shytoshi Kusama Warns SHIB Community About Scammers

According to U.Today, the lead developer of SHIB, known as Shytoshi Kusama, has issued a warning to the SHIB community about scammers using his account on the X social media network (formerly Twitter) to promote fraudulent coins. Kusama explained that these scammers exploit his kindness and his practice of following SHIB enthusiasts to stay connected with the community. Once scammers notice that Kusama follows an account, they offer to buy it for approximately 1 ETH, a significant amount in some regions. After acquiring the account, scammers rebrand it and use it to launch scam tokens, often creating fake accounts with attractive avatars to promote these tokens as community-driven projects.Kusama expressed his frustration with this misuse of his name and reminded the SHIB community to rely on official SHIB channels for accurate information. He emphasized the importance of verifying new information through these channels, especially since even official channels can be decentralized. Despite his efforts, Kusama acknowledged that he cannot prevent scammers from buying accounts he follows. However, he continues to monitor the SHIB-affiliated account @susbarium to ensure his name is not directly used by scammers.In his thread, Kusama also mentioned that the SHIB team is preparing to launch a system designed to link Karma and Reputation to Dao governance, aiming to enhance the security and integrity of the community. He urged SHIB enthusiasts to stay vigilant and always verify information through official channels to avoid falling victim to scams.
12
--

Shiba Inu Community Warned About Massive SHIB Burn

According to U.Today, the Shiba Inu team has issued a warning to its community regarding a significant SHIB burn that occurred recently. The affiliated X account @susbarium highlighted that approximately $100,000 worth of SHIB, equivalent to 5,612,878,479 SHIB, was burned in the past 24 hours, as reported by Shibburn. This burn represents a 252,910% increase and could be a tactic to attract attention, the tweet suggested.The tweet cautioned the SHIB community to remain vigilant despite the large amount of SHIB destroyed. It mentioned that some projects might burn substantial amounts of SHIB to draw in the SHIB army with presales or low-quality tokens. The warning emphasized that this is not an isolated incident and is likely to happen again.The tweet also provided several tips for SHIB holders and other cryptocurrency investors on how to evaluate crypto projects. The first tip is to assess a project's goals beyond the SHIB burns, including checking the team's background, their published roadmap, and the real utility of their token. The second tip is to review the token allocation and the team's holdings, as a high percentage allocated to the team or insiders could be a red flag.Additionally, the tweet advised understanding the tokenomics and examining the promotion methods used by the team. It is crucial to look into the token supply, its liquidity, and the token's structure. The tweet also noted that influencers and large accounts rarely promote projects for free, implying that paid promotions could be a factor to consider when evaluating a project's legitimacy.
14
--

Shiba Inu Sees Surge in Whale Activity, Increasing Investor Interest

According to U.Today, Shiba Inu (SHIB) has experienced a major spike in whale activity, with close to four trillion SHIB transacted in just 24 hours. This sharp rise in high-tier transaction volume highlights renewed interest from large holders, potentially improving investor sentiment and supporting a bullish price trend for SHIB.Whale Activity Signals Potential Price BoostA significant uptick in whale transactions, rising from 895 billion SHIB on October 27 to 3.73 trillion SHIB on October 28, marks a substantial vote of confidence from major players. Such activity often indicates increased confidence among large investors, potentially fostering price stability or even upward momentum.Technical Indicators Show Promising SignsOn the SHIB/USDT chart, SHIB appears to be consolidating above its key moving averages. The convergence between the 50-day and 100-day Exponential Moving Averages (EMAs) has, historically, hinted at breakout potential. This technical setup may indicate a strong base where SHIB could find support, especially with continued whale interest.Key Levels to WatchInvestors should remain cautious, as whale-driven volume spikes have previously led to brief surges followed by corrections. The immediate support levels to watch are $0.000017 and $0.0000165, while resistance stands at $0.0000182. If SHIB can sustain whale interest and break above these levels, a more extended bullish phase could be in store.This resurgence in whale activity makes SHIB a compelling watch for investors interested in tracking large-volume movements and market sentiment.
11
--

Altcoin News: Altcoin Market Poised for Potential Upsurge Amid Key Technical Signals

According to Cointelegraph: The altcoin market, facing a downward trend since the March 2024 bull run slowdown, is now showing signs of a potential uptrend. Technical indicators reveal that the cumulative market cap of altcoins, represented by TOTAL2 (excluding Bitcoin), remains supported above an ascending trendline originating from the 2017 bull cycle. Crypto analyst Mags highlighted on Oct. 26 that TOTAL2 is currently testing multi-year trendline support, an indicator suggesting that the market downtrend could be waning. With increased buying at this level and BTC’s own breakout, the broader crypto market seems set for a significant upward move.Bitcoin Resistance & TOTAL2 Trendline Support: A Key CrossroadAt the time of publication, Bitcoin is challenging resistance at its 2021 all-time high near $69,000. A firm close above this level, coupled with TOTAL2’s continued to hold above the critical trendline support, may confirm a robust uptrend across the market. Fellow analyst Moustache observed that TOTAL2 might break out within 1-2 weeks from a descending broadening wedge pattern. A recent drop in TOTAL2 from $981 billion to $873 billion could be a temporary deviation before a potential reclaim of the trendline support.Bitcoin Dominance & Altseason ProspectsCurrently, Bitcoin dominance is at 59.56%, sustaining its lead since early 2023. This “Bitcoin season,” as it is often called, sees altcoins generally underperforming compared to BTC. However, crypto YouTuber Crypto Banter anticipates an “altseason” surge if Bitcoin dominance drops significantly. Analyst Yoddha points out that Bitcoin dominance may be forming an ascending wedge, hinting at a near-term altcoin rally. Meanwhile, Crypto Rover echoes that BTC dominance could decline soon, setting the stage for an alt season phase.The Road to Altseason: Key Levels to WatchWith only 29% of the top 50 altcoins outperforming Bitcoin over the past three months, the conditions for a classic altseason are not yet in place. For an official “altszn,” roughly 75% of altcoins must surpass Bitcoin’s performance. However, as Bitcoin tests new highs, a TOTAL2 breakout, alongside reduced Bitcoin dominance, could lead to an alt season in the coming months, creating new opportunities for altcoin investors.
17
--

Dogecoin Sees Decline in Large Transaction Volume

According to U.Today, Dogecoin (DOGE) has experienced a significant decline in large transaction volume over the past 24 hours. Data from IntoTheBlock reveals that $1.17 billion worth of DOGE, equivalent to 8.33 billion DOGE, was transacted. This marks a 7.54% decrease from the previous day, indicating a concerning trend for the cryptocurrency.Over the last week, Dogecoin's large transaction volume has been on a downward trajectory. On October 21, the cryptocurrency saw a peak of 12.87 billion DOGE in large transactions, but this spike was short-lived as the volume began to decline shortly after. The broader decline started on October 16, when the large transaction volume peaked at 21.59 billion DOGE following a major price surge that saw Dogecoin reach highs of $0.1499.Dogecoin's price has since seen profit-taking, dropping to lows of $0.132 on October 23 before rebounding. In the past two days, the price has fluctuated within a range of $0.136 to $0.143. At the time of writing, Dogecoin was down 2.15% in the last 24 hours, trading at $0.136.The decline in large transaction volume suggests a decrease in whale activity, which could indicate a broader decline in market interest. Large transactions, defined by IntoTheBlock as those exceeding $100,000, are often seen as indicators of major market movements driven by institutional investors or large holders. Spikes in large transaction volume typically imply significant activity among institutional participants, whether buying or selling, while declines suggest the opposite.
19
Криптоәлемдегі соңғы жаңалықтармен танысыңыз
⚡️ Криптовалюта тақырыбындағы соңғы талқылауларға қатысыңыз
💬 Таңдаулы авторларыңызбен әрекеттесіңіз
👍 Өзіңізге қызық контентті тамашалаңыз
Электрондық пошта/телефон нөмірі
Қатысты автор
LIVE
Binance News
@Binance_News
Сайт картасы
Cookie Preferences
Платформаның шарттары мен талаптары