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#Write2earn #dogwifhat #WIF Rockets: Robinhood Listing and Price Surge Signals Crypto Momentum #memecoin #solana The Solana-based meme token Dogwifhat (WIF) has surged another 10% in the past 24 hours, reaching $1.1 Over the past week, WIF has experienced a remarkable 200% surge amidst a significant rally in the meme coin sector. The leading memecoin Dogecoin ( $DOGE$) has also seen a notable 45% increase in the weekly chart, contributing to the overall sector rally. Robinhood Expands Support for Dogwifhat (WIF) In a recent announcement, Robinhood Crypto revealed its decision to list Dogwifhat (WIF) on its platform, expanding its range of supported cryptocurrencies. Market data from CoinGecko indicates that WIF is currently trading at $0.96, reflecting a 5.3% increase in value over the past 24 hours. This move by Robinhood signifies the platform's ongoing expansion into the cryptocurrency market, providing users with access to a diverse selection of digital assets for trading and investment. The widely used zero-fee trading platform Robinhood has been increasingly embracing the crypto space, contributing to regulatory transparency and further maturity in the industry. In February, Robinhood announced a strategic collaboration with MetaMask, a ConsenSys product, aimed at streamlining the process of purchasing cryptocurrencies. This partnership aims to enhance user experience by combining Robinhood's efficient order engine with MetaMask's popular digital wallet, offering users a seamless and secure platform to engage with Web3 technologies. Price Expectations for WIF With WIF setting its sights on a $1,5 target per token, some investors may have concerns about the timing of their investment in Dogwifhat. However, with a market capitalization still below $1 billion, this meme coin potentially has significant room for growth.

#Write2earn #dogwifhat #WIF Rockets: Robinhood Listing and Price Surge Signals Crypto Momentum #memecoin #solana

The Solana-based meme token Dogwifhat (WIF) has surged another 10% in the past 24 hours, reaching $1.1 Over the past week, WIF has experienced a remarkable 200% surge amidst a significant rally in the meme coin sector.

The leading memecoin Dogecoin ( $DOGE$) has also seen a notable 45% increase in the weekly chart, contributing to the overall sector rally.

Robinhood Expands Support for Dogwifhat (WIF) In a recent announcement, Robinhood Crypto revealed its decision to list Dogwifhat (WIF) on its platform, expanding its range of supported cryptocurrencies. Market data from CoinGecko indicates that WIF is currently trading at $0.96, reflecting a 5.3% increase in value over the past 24 hours. This move by Robinhood signifies the platform's ongoing expansion into the cryptocurrency market, providing users with access to a diverse selection of digital assets for trading and investment.

The widely used zero-fee trading platform Robinhood has been increasingly embracing the crypto space, contributing to regulatory transparency and further maturity in the industry.

In February, Robinhood announced a strategic collaboration with MetaMask, a ConsenSys product, aimed at streamlining the process of purchasing cryptocurrencies. This partnership aims to enhance user experience by combining Robinhood's efficient order engine with MetaMask's popular digital wallet, offering users a seamless and secure platform to engage with Web3 technologies.

Price Expectations for WIF With WIF setting its sights on a $1,5 target per token, some investors may have concerns about the timing of their investment in Dogwifhat. However, with a market capitalization still below $1 billion, this meme coin potentially has significant room for growth.

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#write2earn Crypto Market Rebounds: Signs of Recovery After Weekend #Shakeout #altcoins #BullorBear $ETH $SOL $DOGE This weekend's shakeout of altcoin traders and investors seemed necessary. The sharp decline witnessed by most altcoins likely stemmed from heightened tensions in the Middle East. However, the crypto market is showing signs of rebounding, and barring any unforeseen events, a significant upward movement could be in the cards. In the midst of Recovery The crypto market rally appears to be gaining momentum. Bitcoin saw a notable 17.5% reversal over the weekend, briefly dipping below $60,000, but Sunday and Monday have brought about the start of a recovery for both bitcoin and the broader cryptocurrency market. Total Market Cap Trend Takes a Hit The impact of this movement is evident in the Total 3 chart, which represents the combined market capitalization of all altcoins excluding Bitcoin and Ethereum. The trendline was severely disrupted by the dip, yet there's a notable recovery as the altcoin market cap approaches the trendline once again. Potential Bearish Confirmation? Some may interpret this as a bearish development, as the price encounters strong resistance that previously served as support. This could potentially confirm and extend the downward trend unless the price manages to reclaim the trendline and convert resistance back into support. Bullish Cup and Handle Formation Taking a broader view on the weekly timeframe, the outlook appears more optimistic. Support around $645 billion has held firm, and the price has returned above the trendline. From a bullish standpoint, the next objective would be to revisit the $786 billion resistance level. Additionally, a significant bullish signal is the formation of a large cup and handle pattern. While the cup has already formed, the recent dip has initiated the formation of the handle. If the price reaches $786 billion and breaks through the resistance, the cup and handle pattern could unfold, potentially leading to a price target of $1.285 trillion. Hold on tight!
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#write2earn #Solana Network Update: Tackling #Congestion & Enhancing Performance #solanaUpdate #Solanaseason $SOL Version 1.17.31 marks the beginning of a planned series of updates aimed at tackling recent network congestion issues. The Solana network has been grappling with congestion problems over the past few months, particularly amidst the surge in popularity of meme coins, which led to a sharp increase in user activity and a significant rise in demand for network resources. Solana developers have announced a new software update designed to address these congestion issues, which is now recommended for general use by mainnet validators. This update, labeled v1.17.31, contains improvements aimed at easing the ongoing congestion on the Solana Network. Rex St John, head of developer relations at Anza, the team behind Monday's update, emphasized that this release is just the first step in a series of planned updates to mitigate network congestion. Validators, responsible for running nodes or software to confirm transactions and secure the blockchain network, play a crucial role. They must regularly update their nodes to newer releases to effectively manage any issues that may arise during network operation. The surge in user activity, particularly driven by meme coin trading, led to a spike in transactional volumes, reaching as high as $4 billion in March compared to the typical figures of under $500 million per day in 2023. The increased usage of bots also contributed to a rise in "failed" transactions on the Solana network. These failed transactions were flagged by smart contracts as "bad requests," despite being successfully submitted to the network. To address these challenges, the final version of the update prioritizes transactions from reputable validators with significant stakes. This prioritization ensures that validators with higher stakes receive better service quality, preventing lower-quality validators from maliciously overwhelming the network with transactions.
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#write2earn Crypto Market Analysis: #Bitcoin Rebounds Above $65,000 Amidst #Geopolitical Tensions #BullorBear #MarketStorm $BTC Bitcoin is currently trading above $65,000, with ether back up over $3,100 as the market has settled down following Iran's significant drone and missile attack on Israel, which was largely thwarted by air defense systems. Over the weekend, Bitcoin slipped below $62,000 amidst heightened geopolitical tensions. However, things seem to have calmed down now, with indications that the conflict won't escalate further, particularly as the U.S. has stated it won't participate in an Israeli counter-attack on Iran, as reported by Al-Jazeera. According to traders on Polymarket, the likelihood of Israeli military action against Iran by April 15 has dropped to just 4%, down from nearly 57% in the immediate aftermath of Iran's missile strike. During the peak of the tension, PAXG, a digital asset representing gold created by Paxos, was trading at a 20% premium compared to physical gold, as crypto traders sought refuge in the traditional safe-haven asset. Even before the tension escalated, the digital asset market was facing significant selling pressure due to the U.S. tax season, which coincides with the run-up to the halving. Arthur Hayes noted in a blog post that the halving coincides with a period of tighter dollar liquidity, potentially exacerbating the sell-off of crypto assets. Additionally, traders are eagerly awaiting the launch of bitcoin and possibly ether ETFs in Hong Kong this week, which could provide Chinese traders with easier access to digital assets. Matrixport estimates that these ETFs could unlock a demand of up to $25 billion.
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#Write2ear Navigating #Solana 's Market Turbulence: #Insights and #Opportunities #altcoins $SOL $XRP $DOGE Solana's open interest (OI) and its market value have both taken a hit in the last day, reflecting a broader downturn seen across the cryptocurrency landscape. Despite this setback, traders are holding onto optimism, seeing it as a potential "silver lining." As of April 14, Solana's OI stood at $1.62 billion, marking a decrease of roughly 21% from the previous day, according to data from CoinGlass. OI serves as a measure of the total worth of all outstanding or unsettled Solana futures contracts across various exchanges. At present, Solana's price sits at $138.77, showing an 8.83% decline over the past 24 hours, according to CoinMarketCap. The abrupt dip in Solana's price wiped out approximately $36.55 million worth of traders' long positions, potentially disappointing those who were anticipating a surge in prices leading up to the Bitcoin halving on April 20. Similar to Solana, the top 10 cryptocurrencies have witnessed significant drops, with XRP experiencing the most substantial decline of 12.12% over the past day. Dogecoin followed closely behind with a 10.86% decrease, while Cardano trailed slightly at 10.20%. The duration of this downturn remains uncertain, yet traders are holding onto a moderately positive outlook for the broader altcoin market. Noteworthy trader GCR Classic broke their silence on X after more than a year, advising their 273,500 followers on April 14 that the current situation presents a "prime opportunity to invest in high-conviction tokens." Meanwhile, crypto entrepreneur Kyle Chasse suggested in an April 13 post that altcoins could see gains of around 20-30% by Monday. However, on-chain analysis firm Glassnode suggests otherwise. It pointed out that Bitcoin drawdowns during previous "euphoric phases" have been more severe, which many traders use as an indicator for the wider market.
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#write2earn #Bitcoin Faces Turbulence Amid Middle East Tensions: #MarketAnalysis #BTC $BTC Bitcoin faced challenges gaining momentum following a significant drop, marking its most substantial decline in over a year. This decline was part of a broader slump across cryptocurrency markets, triggered by escalating geopolitical tensions in the Middle East, which prompted investors to lean towards safer assets. On Saturday, the primary cryptocurrency experienced a 7.7% decrease, its most significant retreat since March 2023. However, it managed to recover slightly, trading at around $63,230 by Sunday morning in Singapore. Other major cryptocurrencies, including Ether, Solana, and the beloved Dogecoin among meme enthusiasts, also recorded losses over the past 24 hours. The tension in the Middle East heightened as Iran launched drone and missile attacks against Israel, seemingly in retaliation for an earlier strike in Syria that resulted in the deaths of high-ranking Iranian military officials. With digital assets trading throughout the weekend, investors had a glimpse into the potential sentiment before traditional markets reopened on Monday, although circumstances could shift significantly by then. According to Zaheer Ebtikar, founder of crypto fund Split Capital, the continuation of the crypto sell-off may depend on further escalations in geopolitical tensions. As investors brace for potential market movements on Monday, the impact of the ongoing conflict remains uncertain. The escalating tension not only affected the cryptocurrency market but also influenced traditional markets, with stocks experiencing a decline on Friday while safe-haven assets like bonds and the dollar saw increased demand. Data from Coinglass revealed approximately $1.5 billion worth of bullish crypto positions via derivatives were liquidated over Friday and Saturday, marking one of the most substantial two-day liquidation events in at least six months.
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