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#write2earn #MemeCoin Surge: #WIF Hits $4 Amidst Crypto Market Stability #SolanaMemeCoin #dogwifHat $WIF Early Friday, WIF briefly reached the $4 threshold before pulling back, highlighting the volatility within the meme coin sector amidst a relatively stable market backdrop. Meme coins, spearheaded by the Solana-based dogwifhat (WIF), experienced a surge for the second consecutive day, standing out as the leading category within the crypto space. This trend occurred as the broader market remained largely unchanged ahead of the extended weekend in the U.S., Europe, and parts of Asia. Bitcoin (BTC) maintained its position around $70,000 during the Asian trading session on Friday, exhibiting minimal movement over the past 24 hours. Ether (ETH), Solana's SOL, and Cardano's ADA witnessed marginal declines of 1%, whereas Bitcoin Cash (BCH) recorded a 4% increase, extending its rally from Thursday. According to CoinGecko data, meme coins demonstrated an average 8% surge, surpassing the performance of more conventional sectors like decentralized finance, yield farming, and exchange tokens. The surge in meme tokens began on Thursday, fueled by speculation surrounding the potential utilization of DOGE in an upcoming payment service by the social application X, although no official announcement has been made by the company. Market sentiment was further bolstered by the record-breaking $2 billion worth of bets on DOGE-tracked futures, signaling anticipation of future price volatility, predominantly favoring long positions. Tokens themed around dogs, such as floki (FLOKI) and WIF, experienced significant increases, viewed as a secondary bet on dogecoin's success. WIF surpassed pepecoin (PEPE) to become the third-largest meme token by market capitalization, surpassing the $4 milestone on Thursday.

#write2earn #MemeCoin Surge: #WIF Hits $4 Amidst Crypto Market Stability #SolanaMemeCoin #dogwifHat

$WIF

Early Friday, WIF briefly reached the $4 threshold before pulling back, highlighting the volatility within the meme coin sector amidst a relatively stable market backdrop.

Meme coins, spearheaded by the Solana-based dogwifhat (WIF), experienced a surge for the second consecutive day, standing out as the leading category within the crypto space. This trend occurred as the broader market remained largely unchanged ahead of the extended weekend in the U.S., Europe, and parts of Asia.

Bitcoin (BTC) maintained its position around $70,000 during the Asian trading session on Friday, exhibiting minimal movement over the past 24 hours. Ether (ETH), Solana's SOL, and Cardano's ADA witnessed marginal declines of 1%, whereas Bitcoin Cash (BCH) recorded a 4% increase, extending its rally from Thursday.

According to CoinGecko data, meme coins demonstrated an average 8% surge, surpassing the performance of more conventional sectors like decentralized finance, yield farming, and exchange tokens.

The surge in meme tokens began on Thursday, fueled by speculation surrounding the potential utilization of DOGE in an upcoming payment service by the social application X, although no official announcement has been made by the company.

Market sentiment was further bolstered by the record-breaking $2 billion worth of bets on DOGE-tracked futures, signaling anticipation of future price volatility, predominantly favoring long positions.

Tokens themed around dogs, such as floki (FLOKI) and WIF, experienced significant increases, viewed as a secondary bet on dogecoin's success. WIF surpassed pepecoin (PEPE) to become the third-largest meme token by market capitalization, surpassing the $4 milestone on Thursday.

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#Write2earn #Bitcoin Price Resurgence: Navigating Market Sentiments and Technical Trends #BTC🔥🔥🔥🔥🔥 $BTC #BitcoinPrice As we entered the latter part of last week, there was significant buying activity driving up the price of $BTC, defying expectations of a larger correction for the leading cryptocurrency. Starting from a low of $56,600 last Wednesday, Bitcoin's bull market has reignited, with the price now exceeding $64,000. Emotions have been on a rollercoaster ride for investors and traders, transitioning from despair when Bitcoin dipped to $56,600, to euphoria as it climbs above $65,000. This wide range of sentiments reflects the volatility inherent in trading the premier cryptocurrency. Even renowned trader Peter Brandt expressed uncertainty on April 30, suggesting concerns about Bitcoin's failure to surpass previous highs despite factors like halving and ETFs. However, in more recent posts, Brandt seems to have shifted his stance, emphasizing Bitcoin's role as a long-term hold compared to other cryptocurrencies. Examining the daily chart, it's evident that Bitcoin narrowly held onto the $59,000 support level, with a daily candle barely avoiding a close below it. Friday saw a sharp upward movement, pushing the price above the support level towards relative safety. The resistance at $64,000 may now serve as support, with Bitcoin's price potentially confirming this shift. Additionally, the downward trend has been broken, raising the possibility of Bitcoin forming a bullish W pattern. Taking a broader perspective on the weekly timeframe, Bitcoin's rebound from what appears to be the bottom of its correction is remarkable. A massive buying wick, dwarfing previous corrections, propelled the price up by over $8,000 in just five days. Furthermore, the stochastic RSI on the weekly timeframe is poised to cross up from the bottom in the coming days, signaling significant upward momentum. This suggests a potential resurgence of the Bitcoin bull market.
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#Write2earn #AVAX Price Analysis: Charting Potential Upside Momentum #Avalanche #Altcoins #AVAX🚨🔥🚨💯💥💯🔥🔥🚨UPDATE $AVAX AVAX is eyeing upward movement following a period of stability, with the cryptocurrency finding a foothold around the $30.50 mark after a gradual decline. Rebounding from its recent low near $30.58, AVAX initiated a fresh uptrend, mirroring the movements of Bitcoin and Ethereum. The price surged by more than 10%, surpassing several obstacles around the $35.00 mark. Notably, a crucial bearish trend line with resistance at $34.00 was breached on the 4-hour AVAX/USD chart. Furthermore, the pair cleared the 50% Fibonacci retracement level of the downward swing from the $39.83 peak to the $30.58 trough. Currently, AVAX is trading above $36.50 and the 100 simple moving average (4 hours). Immediate resistance looms around the $37.65 mark or the 76.4% Fibonacci retracement level of the aforementioned downward move. The subsequent significant resistance area forms near $39.80. If this level is breached, a surge of more than 10% could be witnessed, potentially propelling the price steadily towards $42.50 or even $44.00. Should AVAX encounter hurdles and fail to sustain momentum above $37.65 or $39.80, a corrective downturn might ensue. Initial support lies near the $36.30 level, with major support found around the $35.20 zone and the 100 simple moving average (4 hours). A breach below $35.20 could pave the way for a substantial decline towards $32.80, followed by crucial support near $30.50. In terms of technical indicators, the 4-hour MACD for AVAX/USD indicates a bullish momentum, while the 4-hour RSI sits comfortably above the 50 level, signaling positive momentum. Key support levels to watch are $36.30 and $35.20, while notable resistance levels include $37.65, $39.80, and $42.50.
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#Write2earn Unveiling #PEPE 's Rally: What's Driving the Surge? #PEPE❤️ $PEPE PEPE's price is once again on the rise, aiming to surpass its previous all-time high set just two months ago. The token, known for its meme coin status, has been experiencing a continuous surge in recent days, coming within 19% of reaching its ATH record of $0.00001074. Over the last 24 hours, PEPE has seen a 2.24% increase, and within the week, it has surged by an impressive 23.64%, elevating its value from a low of $0.000006051 to its current $0.000008627. Additionally, its market cap has risen to $3.64 billion, up by 2.74%, with a trading volume of $720.79 million. Factors Driving PEPE Towards its ATH The recent surge in Bitcoin to $64,000 has had a ripple effect across the crypto market, including PEPE. Bitcoin's surge has boosted the global market cap to $2.38 trillion, up by 2.22%, contributing to PEPE's upward momentum. However, several other factors have also played a role in this current price surge, positioning PEPE to potentially reach a new all-time high. PEPE's Optimistic Outlook Technical analysis signals a significant increase in PEPE's buying activity, with moving averages data placing PEPE in the strong buy zone. The MACD level also indicates a buying zone for the token, reflecting increased market demand and continuous price surges. Moreover, PEPE's price remains above the 200-day SMA, indicating sustained positive price momentum. Over the past 30 days, the token has been in the green for 18 days, underscoring bullish sentiments among PEPE holders. Furthermore, the number of PEPE holders has grown substantially in the past month, with over 251,308 holders compared to around 199,268 on April 7th. PEPE's Listing on Coinbase The recent listing of the 1000PEPE-PERP on Coinbase has further fueled positive sentiment for the meme coin. Despite initial delays, the listing was completed by the end of April, making PEPE fully operational on both Coinbase International exchange and Coinbase Advanced. This listing offers various order types, including market.
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#Write2earn #Bitcoin 's Consolidation Phase and Potential Fed Policy Impact: Insights and Analysis #InterestRate #BTC🔥🔥🔥🔥🔥 $BTC Rekt Capital points out that Bitcoin's current phase of consolidation, lasting 150 days post-Halving, fits into historical trends, which helps to moderate the speed at which its price is rising. Bitcoin, the largest cryptocurrency globally, has shown resilience after hitting lows of $57,000 last week, now hovering around $64,000. Since the fourth Bitcoin halving last month, its price has mostly remained within a certain range. Bitcoin's Price Movement Rekt Capital, a crypto analyst, identifies a recent phase of price-based capitulation, known as the Halving Retrace phase, shown by the dark blue circle. Looking ahead, attention turns to time-based capitulation expected in the ongoing Re-Accumulation phase, indicated in red. According to Rekt Capital, a consolidation period exceeding 150 days post-Halving follows typical historical patterns. Such a prolonged consolidation phase is seen as beneficial as it slows down the rate at which Bitcoin's price surges. This prolonged consolidation is expected to realign the current cycle with past patterns observed after previous Halving events. This alignment is viewed positively for Bitcoin's long-term growth and market stability. In March 2024, Bitcoin saw an unprecedented surge, hitting new All-Time Highs, signaling a notable acceleration in the current cycle. This milestone came 260 days earlier than the usual trajectory seen in traditional Halving cycles. However, Bitcoin's momentum has slowed down since then, with the cryptocurrency trading within a range of roughly $60,000 to $70,000 for almost two months. This prolonged consolidation has moderated the cycle's acceleration, shortening it from 260 days to 210 days compared to historical patterns.
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