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BONK Price Rises 10% in 24 Hours with $500 Million Volume: Can It Pass Shiba Inu? BONK has risen 10.35% in the past 24 hours while meme coins fell 1.4%. Indicators suggest further upside. BONK rose 19.28% last week. This strong growth contrasts with Bitcoin (BTC) and Ethereum (ETH) losses and retracements. BONK is regaining from its 20.27% loss during the previous month. Despite recent price declines, BONK's trading volume has increased 99.02% in the previous 24 hours. Can BONK Price Break Shiba Inu? The BONK price is poised for additional gains after its early morning jump. Most importantly, BONK looks to be nearing a retest of the $0.00002568 support level (dark grey) after failing to break resistance. A decisive rebound off this support would signal resilience and upward potential. After failing its resistance test, the meme coin's relative strength index (RSI) (purple) dropped to 55 from 85, supporting this possibility. The minor price drop reflects a slowdown from overbought to steady circumstances. Technical analysis of BONK price chart. Source: Binance. Despite being neutral, 55 is bullish. Thus, this might be a cool down, strengthening the base before additional upward. Wider patterns imply this. Most importantly, the 30-day moving average (yellow) is rising sharply, easily above the 200-day (blue), which is rising moderately. Although BONK corrected, it has tremendous short-term momentum. Additionally, the asset's long-term trend is strengthening, boosting its prognosis. Can this challenge Shiba Inu's dominance? Technical indications predict short-term price gains, but fundamentals will likely drive long-term development. For a chance at the podium, traders are switching to meme currencies with genuine usefulness, not simply popular memes and a loyal following. #SHIB #BONK $SHIB $BONK
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As Altcoin cryptocurrencies continue to rise in value, Ripple's escrow timelocks were lifted on Monday, releasing one billion XRP On Monday, Ripple's escrow timelock was lifted, releasing one billion XRP coins. A total of one billion tokens will be unlocked by Ripple between now and January 2025. With a gain of almost 1% on the day, XRP is trading at about $0.48 on Tuesday. Monday saw the release of 1 billion Ripple (XRP) tokens from escrow, which is scheduled to continue until January 20, 25. At the start of Tuesday, XRP was trading at about $0.48, up over 1% for the day. Market players are keeping a careful eye on escrow unlocks and on-chain measures to determine the future of XRP, since there have been no significant developments in the SEC vs. Ripple dispute. The escrow period for one billion XRP tokens ended on Monday, in accordance with Bithomb data, as part of the regularly planned unlocks. Three separate amounts of 400,000,000, 100,000,000,000, and 500,000,000,000 XRP were unlocked. Just as in February and May before it, the planned unlocks have little to no effect on the XRP price. According to Santiment's on-chain statistics, social dominance—a measure used to determine XRP's importance among traders—reached a three-month high. Trader demand for XRP and social media mentions of the asset both increase as its social influence grows. An increase in social dominance has been seen, as shown in the graph below, surpassing levels observed in the last week of March. According to Tuesday's technical analysis, XRP is trading at about $0.48. Even though Ripple's value has been falling since March 11, XRP is trading at about $0.48 on Tuesday. Between $0.4825 and $0.4841, the alternative currency can reach the Fair Value Gap (FVG). Moving higher, the psychologically significant $0.50 level presents XRP with resistance. In the event that selling pressure returns, XRP may find support near the low point on June 7, which is $0.4508. #XRP #Ripple $XRP
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Bitcoin maintains over $61,000 as Daily Active Addresses rise since mid-April and Sony announces crypto exchange relaunch Monday saw small inflows into US spot Bitcoin ETFs. On-chain data reveals BTC's daily active addresses grew, indicating blockchain use. On Monday, the German government removed 1,500 BTC worth $94.7 million from its wallet. Bitcoin (BTC) is encountering resistance near $64,000, with on-chain data showing a rise in daily active addresses, slight inflows into US spot Bitcoin ETFs, and the German Government's transfer of 1,500 BTC worth $94.7 million potentially triggering a minor correction before an expected upward rally in the coming days. Daily market digest: Bitcoin spot ETFs gained little. Lookonchain data shows 9 ETFs added 526 BTC worth $33 million on July 1, extending a five-day net inflow. Blackrock owned 306,979 BTC worth $19.3 billion and adds 1,366 BTC worth $85.9 million. Grayscale, Invesco, and Fidelity lost 198, 201, and 437 BTC. The nine spot BTC ETFs possess $54.3 billion in Bitcoin. July 1 Update: BTC's Daily Active Addresses rose from 666,020 on June 30 to 894,980 on July 1. This 34.3% spike is the greatest since mid-April and suggests that Bitcoin's price may climb as demand for its blockchain grows. After acquiring Quetta Web from Sony in August 2023, Whalefin announced on Monday that Amber Japan will rebrand as S.BLOX. According to PR Times, Sony wants to relaunch the crypto exchange with a new app and collaborate across Sony Group companies to improve crypto asset trading services. BTC might increase 5% to retest its weekly barrier at $67,147 if it closes over $63,956 daily resistance. The daily chart's RSI and Awesome Oscillator are below 50 and zero. If bulls are returning, both momentum indicators must rise over neutral. BTC may advance 6% to retest weekly resistance at $71,280 if bulls are active and the crypto market is upbeat. #BTC $BTC #US_Inflation_Easing_Alert
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Solana Rises 12% After VanEck SOL ETF Filing Solana (SOL) has risen 12% in the last week after VanEck filed for a spot Solana ETF. VanEck, one of the first Bitcoin ETF providers, wants to give investors direct exposure to SOL, boosting demand and price. On June 27, led by VanEck's first Solana ETF application, the SOL ecosystem rose approximately 9% in 24 hours and traders increased by 30%, according to Bitget Research head analyst Ryan Lee. Many Solana Memecoins also gained, including BOME, which jumped 15% with an 80% rise in traders, and WEN, which increased 15.5% with a 25% increase. Solana ETPs, ETNs Trade in Europe Several Solana exchange-traded products trade in Europe. The CoinShares Physical Staked Solana ETN follows the Solana index. 21% Solana Staking ETP. Lee said Solana's DeFi ecosystem has evolved significantly, with total TVL growing from $1.3 billion in 2024 to $4.5 billion now, a 346% rise. This rise is due to the focused introduction of Solana ecosystem initiatives including JITO, Jupiter, Kamino, Marginfi, and Drift, according to Bitget “These projects have greatly enriched the Solana ecosystem, bringing more DeFi features to the chain,” says Lee. Is Solana Solana is a blockchain platform for dApps and crypto-currency transactions. For its speed and scalability, Solana can handle over 65,000 transactions per second with low fees using its Proof of History (PoH) and Proof of Stake consensus mechanisms. Developers and projects flock to its environment as a powerful Ethereum rival. Investors are optimistic about a U.S. spot Solana ETF, signaling increasing acceptance of Solana in conventional financial markets. The VanEck ETF would let investors to obtain exposure to SOL without buying the cryptocurrency, perhaps increasing institutional interest and adoption.
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Dogwifhat (WIF) Soars 21% as Experts Predict $5 Valuation The crypto world's knitted-hat-wearing canine, Dogwifhat (WIF), is making a triumphant return. Following an April price dip, WIF has reignited its meme magic, with a 21% increase in the previous week and hopes for a $5 price objective once again rekindled. A Revitalized Market: Wags and Trades Several powerful causes have combined to drive the rise. With traders' renewed interest in the Spot and Derivatives markets, WIF's daily trading volume has skyrocketed, hitting an incredible $507 million. This influx of capital shows that the market is ready to get back on the Dogwifhat train. The futures market is joining in the celebration, with a 53.9% increase in trading volume. There was a robust 25% rise in the Open Interest (OI) indicator, which measures open leveraged positions; this suggests that traders are putting a lot of money on WIF's future. We were spot on when we said that $WIF will break the trendline of resistance, and the price is doing just that. As if waking the dogs up from a deep slumber. An epidemic of gluttony has ensued as the long-suppressed desire for WIF has been released. How long can this viral coin with a dog theme last? Very possibly. Perhaps not. Forecasting Prices: Pursuing a Double-Digit Goal The new bravado from WIF has analysts rushing to revise their price forecasts. Popular cryptocurrency forecasting service Market Spotter has lowered its price target for WIF during the next bull run to a more reasonable $4.50. Yet, there are experts who have even more audacious dreams. The crypto prophet from June that correctly anticipated the bottom of WIF, Bluntz Capital, is now shouting out a price goal in the double digits. Bluntz thinks WIF is going to have a huge run for its money, and he bases this belief on the Elliott Wave Theory. According to the expert, the market hasn't seen an explosive 5-wave advance like this in months. For Dogwifhat, this may be the first step on a grand adventure. #WIF #Dogwifhat $WIF
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