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Dogwifhat breakthrough suggests rise over $2.1 barrier Dogwifhat breached a downward trendline on Tuesday and trades over $2 on Wednesday. The top WIF holder holds 2.3 million tokens worth $4.67 million, according to on-chain statistics. A daily candlestick closing below $1.54 would disprove bullishness. As of Wednesday, Dogwifhat (WIF) price is over $2 after breaking a declining trendline on Tuesday. On-chain data shows that the biggest whale holds 2.3 million tokens worth $4.67 million, suggesting a surge in the coming days. WIF whales gather According to Lookonchain, the highest WIF holder acquired 2.3 million tokens worth $4.67 million. This whale has 23.39 million WIF tokens valued $49.6 million and made $83 million. The holder bought 17.22 million WIF tokens with 86,738.1 Solana tokens for $8.65 million in one deal. Dogwifhat pricing has shown promise, breaking out of a declining trendline on Tuesday and trading over $2 as of Wednesday. From June 5 to June 25, numerous swing highs form this trendline. If this trendline holds as retreat support and the WIF price closes over $2.10 daily barrier, it might rebound 25% to retest its June 17 daily high of $2.64. The daily RSI is rising from an oversold state and trying to break above 50. The Awesome Oscillator (AO) is below mean zero. If bulls are making a return, both momentum indicators must stay above their mean levels. This would boost the rebound rally. On-chain metrics and technical analysis suggest a positive prognosis, but if Dogwifhat's price closes below $1.54, the bullish thesis is invalidated. This might cause WIF's price to drop 35% to $1, its March 5 low. #WIF $WIF
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What Does 1 Trillion PEPE on Binance Mean for Pepe Coin Price Prediction? The Pepe Coin price rose 4% today to $0.00001247 as the crypto market hardly moved in 24 hours. PEPE is up 7% in the previous week, down 5% in two weeks, and down 25% in 30 days. The Ethereum-based meme currency has gained 700% in a year despite these losses. Even if a whale moved 1 trillion PEPE to Binance in the previous few hours, the future weeks and months seem bright. The currency lost 1.5% in the last hour, suggesting a short-term drop. Its relative strength index (purple) fell from around 80 yesterday night to 50 today, suggesting it should tumble before rising. However, PEPE's 30-day average (orange) crossed the 200-day a day ago, suggesting a growth period. PEPE's 24-hour trading volume reached $1 billion today, up from $350 million a few days earlier. This morning, a whale sent Binance just over 1 trillion PEPE, which may be selling volume. This follows yesterday's movement of 700 billion PEPE ($7.8 million) to the same exchange, raising the possibility that whales are selling meme tokens. Thus, PEPE may have negative price action tomorrow, but its medium- and long-term trend appears to be higher. With traders preparing for the introduction of the first Ethereum ETFs in a few weeks, this is especially true. Rate cuts from the Fed and BoE will boost demand in the autumn. PEPE is a favorite vehicle for whale gains, hence the Pepe Coin price might rise later this year. It might hit $0.00002 by New Year. #PEPE $PEPE @Pepecoin
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Cardano Network Resists DDoS: Details Cardano was hit by a DDoS assault late Tuesday, a massive increase of malicious activity meant to disrupt its operations. However, the blockchain's resilient protections prevented the assault, maintaining stability and functionality. DDoS Does Not Affect Cardano Fluid Token's Chief Technology Officer said the assault began on block 10,487,530, with each transaction running 194 REWARD smart contracts and costing 0.9 ADA. This method filled each block with complicated transactions to generate a backlog and slow the network. “This way, they can send large transactions while spending the least amount,” @ElRaulito_cnft said. Anastasia founder Philip Disarro likely neutralized the danger. Disarro's swift public reaction to X may have prompted the assailant to stop. “DDOSer stopped attacking after reading my tweet to protect his funds. They were too late; their money are being stolen. I appreciate the free money, fool. Truly remarkable that the attacker who sought to disrupt the ecosystem donated to Anastasia Labs' open-source smart contract research effort and funded Midgard, Disarro told X. The Cardano community keenly followed the issue. Major Cardano content producer Big Pey reassured the community via X, saying, “Someone tried to DDOS Cardano today. Nothing much occurred, and the network didn't collapse. ADA endures.” The community shared this faith in the network's reliability and security. The Art of Selling Art creator Jason Matias visualised the DDoS attack's effect on network operations. The current Cardano DDoS assault looks like this. Matias said that network monitoring tools showed spam transactions as gray gear symbols, producing bigger, harder-to-process blocks. The extended Unspent Transaction Output (eUTxO) paradigm helped Cardano mitigate the DDoS assault. Other prominent blockchains like Ethereum employ account-based methods, however this concept is different. #Cardano #Ada $ADA
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Top meme cryptocurrencies DOGE, WIF, PEPE rise after market rebound. Meme coins are up 10%, with industry tokens up significantly. DOGE, SHIB, and FLOKI gained 10% in 24 hours. BRETT, WIF, and PEPE jumped 20%. Following double-digit increases by Dogecoin (DOGE), PEPE, dogwifhat (WIF), FLOKI, BRETT, and others, meme coins are driving the crypto market comeback on Tuesday. Comeback of meme coins Mt. Gox's anticipated Bitcoin creditors' payments caused major losses for top meme currencies on Monday. As news saturated the market, many anticipated the meme sector to lose again on Tuesday. Analysts predicted a shift from meme tokens to large cryptocurrencies as the industry was most hit. Despite gloomy views, meme currencies are poised to lead the crypto market comeback with big gains. As buyers return to the market, meme coins have gained almost 10% in the previous 24 hours, according to CoinGecko. As reported, USDC stablecoin exchange net inflows reached a one-year high of $228 million on Monday. Some of these inflows may have bought meme coins. Dogecoin (DOGE), the biggest meme currency, is up over 10% today and 7% this week. IntoTheBlock statistics shows that Shiba Inu (SHIB) has risen about 9% in the last 24 hours and is close to 0.000019, where buyers bought over 424 trillion tokens. This level might be key in future price decreases if it holds. Dogwifhat (WIF) and BRETT tokens gained 25% and 27%, respectively. WIF has lagged other popular meme currencies in recent weeks, so its gain would soothe holders. WIF has been falling since June until its significant advances on Tuesday. However, BRETT's 27% surge suggests its investors anticipate more despite a 137% rally in the last month. Meme coins frequently gain during market rallies but lose the most during market downturns. The recent availability of Solana shareable links, which integrate easily with websites and applications, has many crypto community members believing it would boost meme currency launches in the current cycle. #PEPE #DOGE #WIF $PEPE
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In favor of Ethereum ETF, SEC Chair Gensler US Securities and Exchange Commission Chair Gary Gensler said the Spot Ethereum ETF clearance process is going well. Gensler voiced hope for the July launch of the new investment product at the Bloomberg Invest Summit. This is a major milestone for the cryptocurrency sector as Ethereum prepares to follow Bitcoin. The Spot Ethereum ETF clearance process is going well, Gensler said. He repeated assertions made earlier this month before the US Senate Appropriations Subcommittee on Financial Services that "the registration process is working smoothly." SEC is actively working with issuers on S-1 disclosures, a requirement for ETF trading. “I envision sometime over the course of this summer,” Gensler said, suggesting a debut date within months. The SEC prioritizes compliance and openness. Gensler stressed “disclosure and registration,” indicating that these processes are essential for ETF clearance. Several Ethereum ETF issuers are rushing to fulfill SEC criteria. VanEck has modified its S-1 filings to include seed funding and fees. VanEck announced a 0.20% fee that would be delayed until 2025, making the ETF free at launch. This strategy seeks to recruit investors and develop a strong market position early on. A July launch is being considered by several issuers who are finishing their files. These businesses' progress underscores industry expectation of the SEC's clearance, which might spur Ethereum investment. The cryptocurrency market is affected by Spot Ethereum ETF approval. Bitcoin prices reached an all-time high of $73,000 three months after Bitcoin ETFs launched earlier this year, setting a precedent. Experts say Ethereum ETFs may not draw as much investment as Bitcoin, but the potential is high. Gensler addressed the digital asset market's issues. He chastised the sector for non-compliance and transparency violations. Gensler called several cryptocurrencies securities and called for further regulation to safeguard investors. #ETH #etf #CryptoTradingGuide $ETH
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