While no one can accurately predict the future, the recent decline in the price of #BONK could pave the way for a deciding moment for the asset’s future price.Such a substantial price drop can easily turn into a downward spiral that sends the price into hard-to-recover-from levels. The second largest meme coin, Shiba Inu, is an example of a token that has faced a similar struggle. While SHIB has impressed in recent weeks, it remains 87.79% below its October 2021 all-time high.Meanwhile, BONK’s decline could also pave the way for a new crop of holders who missed out on the initial run-up to build a position. However, there is no guarantee this would be favorable, and investors should conduct thorough research before jumping in.In BONK’s case, the recent listing on Coinbase could help its course in the same way that Solana’s recent rise to stardom has impacted BONK’s price positively.However, continued selling pressure could see investor confidence evaporate and potentially send the token into the ashes, where most meme coin-related projects end up after their classic moments.$BONK

Top 3 Bitcoin, Ethereum, XRP Price Prediction: BTC Eyes $60K Revisit, ETH, XRP To Follow
#Bitcoin (BTC) price has shown incredible strength since the August 5 and the same can be seen with Ethereum price and Ripple price which...
Bitcoin price shows signs of a bullish move to $62,971.
Ethereum price could slide lower before it can embark on a north-bound move.
XRP price needs to find its footing around $0.492 and $0.516 before bulls can make a comeback.
Bitcoin (BTC) price has shown incredible strength since the August 5 local bottom. Since then, BTC has shot up 21% and trades below $60,000. Ethereum (ETH) price and Ripple (XRP) price have followed the pioneer crypto’s footsteps and recovered some of the losses.
Bitcoin Price Likely to Shoot Higher
Bitcoin price forms an inverse head-and-shoulders setup on the 30-minute chart, signaling an incoming bullish outlook. As the name suggests, this setup contains three distinctive swing lows, with the central swing point lower than the other two.
The target for this technical formation is obtained by adding the distance between the neckline and the head to the breakout point. In such a case, Bitcoin price forecast suggests a move to $62,971.
On the other hand, a breakdown of the $56,719 support level would invalidate the inverse head-and-shoulder setup. This development would knock BTC price down to $54,676.
Ethereum Price Struggles With Key Support Level
Ethereum price has been hovering around the $2,618 level for the past nine days with no impulsive moves away from it in either direction. This outlook from ETH is quite opposite with what’s happening with Bitcoin price. For now, ETH price is likely to slide lower to collect the sell-side liquidity resting below $2,510 before a reversal could occur.
The Relative Strength Index (RSI) also looks weak as it hovers below the 50 mean level, suggesting a potential correction in ETH price before an uptrend kickstarts.
A failure to recover above $2,618 after a liquidity sweep of $2,510 will signal weakness from ETH bulls. Such a development for Ethereum price predicts further southbound move to $2,190.
XRP Price In Tough Spot
XRP price is currently dead in the water and is ranging with a negative slope, which is bearish, unlike Bitcoin price, which showcases a clear bullish outlook. This type of price action often resolves to the downside with a spike in volatility. Investors can expect the remittance token to retest the four-hour demand zone, extending from $0.492 to $0.516. Sidelined buyers are likely to make a comeback here and trigger a Ripple price recovery bounce.
On the contrary, a breakdown of the $0.492 support level will invalidate the bullish outlook. In such a case, XRP price could trigger a 12% correction to the August 5 swing low of $0.431.
$BTC $XRP $ETH
#MarketDownturn

Polygon (MATIC)
Polygon’s performance in 2024 and before is in a downtrend. As seen today, Staking for #MATIC has dropped to 35% and the price is 26.5% down in a month. 
Despite the negative fundamentals and technicals, MATIC is in the bucket of crypto whales. 
As seen on Santiment, Polygon;s addresses of 100,000 to 1 million tokens increased, and the number of addresses holding between 10 million to 100 million. 

This is anticipated that the whales are bullish over the upcoming migration of MATIC to POL which is scheduled to be on September 4 2024.
At the time of writing MATIC is $0.404 with 1.25% in 1 day. Despite all this, the asset price stays unimpacted 
$MATIC
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Blackrock Edges Closer to Surpassing Grayscale in Onchain Crypto Assets
According to data gathered by Arkham Intelligence, Blackrock’s onchain assets are inching closer to outpacing Grayscale’s crypto holdings. As of Friday, Grayscale’s onchain value stood at approximately $21.33 billion, while Blackrock’s portfolio was around $21.02 billion.

Grayscale Faces Fierce Competition as Blackrock’s Onchain Assets Climb
Blackrock’s collection of onchain digital assets is nearing a point where it might soon surpass Grayscale’s total, thanks to significant growth this year. Currently, Grayscale’s holdings still outshine Blackrock’s, standing at $21.33 billion, with Arkham noting on Friday that Grayscale’s advantage is largely due to its GDLC fund. As of 12 p.m. EDT on Friday, Grayscale’s stash included 264,921 BTC and 2.292 million ETH.

Blackrock, however, holds a significant 347,440 BTC and approximately 312,122 ether. Recently, Blackrock overtook Grayscale to become the largest digital asset manager by bitcoin holdings. Blackrock’s rapid ascent can be attributed to the strong inflows from its IBIT and ETHA funds. Meanwhile, as Blackrock added billions, Grayscale trimmed billions from its BTC and ETH reserves.

For example, Grayscale’s GBTC fund saw a record outflow of $19.57 billion, while IBIT attracted $20.37 billion in positive inflows since Jan. 11, 2024. Although the spot ether exchange-traded funds (ETFs) have been slower to gain momentum, Grayscale experienced a $2.39 billion decrease since July 23. Meanwhile, Blackrock’s ETHA inflows are closing in on the $1 billion milestone, with $967.29 million collected to date. If this pattern continues, Blackrock is poised to overtake Grayscale’s portfolio in the near future.
#MarketDownturn

#Dogecoin Price To Skyrocket 74% As Addresses Hit 6.56M
Dogecoin price sideways movement since last week has left traders conflicted about whether to focus on longs or shorts. A complex amalgamation of factors, including the US CPI report, on-chain data, and Bitcoin price volatility, has contributed to this conflict.

DOGE Price $0.1 Support Holds Steady
Dogecoin price traded at $0.1042 on Thursday, marking a 1.8% daily gain and a 4.2% weekly increase. Despite recent short-term improvements, the DOGE price remains down 14.2% over the past month, indicating ongoing challenges for bulls.

IntoTheBlock’s addresses metric highlights a continued increase in the total number of Dogecoin addresses with a balance. In the last eight months, addresses in the ecosystem grew 20.1% to 6.56 million from 5.43 million. Dogecoin price decline since Q1 hasn’t dampened adoption, suggesting growing investor confidence. An increased user base could fuel a future price rally.

According to Coinglass data, a 3.35% increase in open interest to approximately $487k points to growing market participation, potentially reflecting accumulating bullish bets. Similarly, a 60% surge in options volume calls attention to increased derivative activity, which often precedes notable price moves.

At the same time, a 47% jump in options open interest highlights growing volatility expectations and shows the apparent potential for large price swings. Traders will continue to approach Dogecoin price with caution and consider other technical insights to avoid being caught on the wrong side of the trend.
Dogecoin Price Analysis: DOGE Set For Reversal
Dogecoin price technical outlook will stay steadily bullish as long as support at $0.1 is protected. Traders would be willing to bet on a larger price increase should DOGE overcome resistance at $0.11, which coincides with the falling wedge pattern’s upper trend line.

The falling wedge occurred as Dogecoin price created lower highs and higher lows, converging towards a point. Note that a breakout above the upper trendline signals a potential 74% bullish reversal, inching closer to $0.2. The distance between the first swing high and the first swing low determines the breakout target, which is projected upwards above the trend line. Traders will buy on breakout, using a stop-loss slightly below the trend line breakout point.

As per DOGE price prediction, support at $0.1 is the lifeline for immediate recovery and continued action to $0.2. However, if broken, previously bullish-leaning investors will switch to short positions, amplifying sell-side pressure and accelerating another crash to $0.08 and $0.056 levels.
$DOGE
#MarketDownturn

The crypto market is gearing up for an exciting Q3! The Federal Reserve possibly cutting rates in September and the new inflow of spot ETFs for Ethereum and Solana on the way show investors are interested. Crypto’s mainstream adoption is set to surge. With the US elections in November, the market is expected to boom.
Will this be a crypto year? Find out!
Analyst’s Insight on the Crypto Market If Trump Wins!
Despite short-term market concerns, Bernstein analysts stated that the structural adoption cycle of crypto remains strong. The market outlook for 2024/2025 appears promising for the crypto sector, driven by potential regulatory shifts and increased institutional adoption. Analysts at Bernstein have suggested that a potential victory for Donald Trump in the upcoming U.S. elections could be a positive catalyst for cryptocurrency markets.
The research report indicates that the crypto community views Trump’s return to power as a bullish event, whereas a win for Kamala Harris is perceived as bearish. This sentiment is driven by Trump’s previous engagement with the crypto sector and his promises of favorable policies for Bitcoin and other cryptocurrencies.
Bitcoin’s Response to Shifting Polls
The report highlights that Bitcoin has shown signs of weakening as Polymarket odds and polls shifted in favor of Harris. Polymarket, a popular prediction market, allows users to bet on the outcomes of future events, including political elections. Republican supporters have dismissed the shift in odds as a temporary “honeymoon phase,” with some arguing that the odds could be manipulated.
Trump’s Crypto Appeal: A Strategic National Bitcoin Reserve?
Trump has actively engaged the crypto community to gain crypto voters with its bold promises for crypto investors. One of his key proposals is the creation of a national Bitcoin reserve, alongside a pledge to never sell the government’s seized Bitcoin. These statements, made during a speech at the Bitcoin Conference in Nashville, have been well-received by crypto enthusiasts, who see Trump as a potential champion for the industry
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#Turbo crypto is consolidating, but with Turbo price up 59X from September lows – could it be on the verge of a major meme coin breakout? Also, check out Paris 2024-inspired meme coins! Crypto is full of surprises. No one anticipated, for example, Solana flying or PEPE being a top-3 meme coin.
Similarly, with the surging rise of ChatGPT, no one in their wildest dreams thought Turbo would grow to command hundreds of millions in market cap, being the first “AI-generated” meme coin. The crypto market is recovering after the worrying crash of early August. Amid this, interest is fast shifting to Turbo and Meme Games. As they become easy frontrunners, traders are predicting major gains.
Turbo Crypto Consolidating: Up 59X From All-Time Lows Turbo is a top meme coin on Solana. As a meme coin, how it moves depends mainly on the perception of traders and the community. It only makes sense since, after all, Turbo is completely people-owned. After the fall to all-time lows in September, Turbo is up 59X. (Source) However, at press time, it remains in a consolidation.
A break above $0.0046 in the short term and July highs in the medium term could attract more capital, lifting prices higher. (TURBOUSDT) If not, and prices crash below the multi-week support at $0.0030, TURBO could post more losses, accelerating the drop to April 2024 lows. As traders wait for a clean break, hopefully to the upside, investors are pouring into this promising gem. Meme Games Set For Major Gains, MGMES Presale In Progress Like Turbo, Meme Games is a meme coin. But, it goes a step further.
The project combines gaming excitement and the allure of meme coins, explaining the buzz in the ongoing Meme Games presale, which is closing in at the $400,000 mark. So far, the native token, MGMES, is available for $0.00925. Users can purchase the token using ETH, USDT, and even debit/credit cards. Those who buy MGMES now receive a 25% bonus. Meme Games features a play-to-win model where users can freely compete with some of the industry’s iconic meme characters like Dogecoin, Pepe the Frog, and even Brett. Gamification allows users to engage and win rewards–compensation for their precious time.
Additionally, Meme Games is focusing on building its global community, and the first step towards this is guaranteeing security and ensuring transparent operations. Second, Meme Games has a staking program where token holders can stake and receive an annual yield of 570%. On September 7, MGMES will list on a leading DEX. Other plans include expanding the platform’s offerings to include “The Para Meme Games.” It is an event inspired by the Paralympics, giving players more engagement options.
#MarketDownturn

Top 5 meme coins: Dogecoin, Shiba Inu, Pepe, Dogwifhat and Bonk extend losses
Dogecoin, Shiba Inu, Pepe, Dogwifhat, and Bonk extend losses following Bitcoin's drop to around $58,000.
Meme coins have observed a decline in on-chain activity.
Meme coin market capitalization shrinks to $40 billion on Monday.
Meme coins erased 6% of their market capitalization in the last 24 hours, down to $40 billion per CoinGecko data. The shrinking market capitalization reflects the “fear” among crypto traders.
Alternative.me’s Crypto fear and greed index reads 25 on Monday, signaling “extreme fear” among traders. Two market movers are likely driving the changing sentiment, alongside macro factors this week.
Meme coins extend losses on Monday
The top five meme coins ranked by market capitalization include Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF) and Bonk (BONK). These five tokens erased between 6% and 9% of their value in the last 24 hours, per CoinGecko data.

Meme coins are the leading narrative in the ongoing market cycle, which has been termed as the “meme coin supercycle. The sector outperformed others consecutively in the first two quarters of 2024.
Meme coin launchpads like Pump.fun and Moonshot have recorded a large number of launches as the asset category gains popularity.
Data from Dune Analytics shows only 0.12% of the meme coin launches on Pump.fun made it past $60,000 in market capitalization (in the last 24 hours) and a listing to the decentralized exchange Raydium. The alarming numbers show the state of meme coins and investments in the category.
1.4% of Pump.fun’s 1.58 million meme coins that have been listed on the DEX since its inception were listed on a DEX. Nearly 99% of the projects failed or ended up in a “pump and dump” scheme. The chart below shows the number of projects launched and the successful ones (that were listed on an exchange.)

Declining on-chain activity signals traders’ loss of interest
Santiment data shows that active addresses in the 24 hour timeframe declined in top meme coins. A drop in on-chain activity is a sign of a loss of interest from market participants. This can be attributed to last week’s crypto crash, the drop in Bitcoin’s price under $60,000, and an overall decline in capital inflow to the meme coin category.

At the time of writing, the sentiment among crypto traders is that of “extreme fear”, and Bitcoin ranges below $60,000. On Monday, BTC trades at $58,883, DOGE trades at $0.1038, SHIB at $0.00001376, PEPE at $0.00000817, WIF at $1.730 and BONK at $0.00001967.
$DOGE $SHIB $PEPE
#MarketDownturn

#Bitcoin (BTC) experienced a considerable selloff over the weekend, dropping its price below the $60,000 level. The asset has continued its bearish momentum into the new week and is down by just over 4% in the past 24 hours. According to one analyst, the crypto markets lack a clear anchor and are susceptible to adjustments based on the traditional markets. Bitcoin ETFs were also in the red, losing around $89 million to outflows. BTC could see a further decline this week due to technical weaknesses. However, the release of upcoming traditional market data could alleviate selling pressure.
“Crypto prices will likely be rangebound with a bias to the weak side. However, the technical damage and sentiment drag remain, with on-chain cost models and MVRV models suggesting further possible shake-out before Jackson Hole. Crypto markets lack a clear anchor and are susceptible to continued position adjustments. We continue to see muted ETF inflows for BTC and ETH over the past few sessions.”
Retail giants Alibaba and Walmart are set to release earnings on Thursday, while Taiwan and Hong Kong will publish their updated GDP numbers on Friday. As shown in the price chart below, BTC saw a huge rally on Thursday, as it rose by 12% to surge past $60,000 and settle at $61,763. However, sellers were active at these levels, defending the moving averages. As a result, BTC fell on Friday, dropping by 1.34% to $60,932. Saturday did not see much movement, with the price registering only a marginal increase. Buyers attempted a move past the moving averages on Sunday as BTC reached an intra-day high of $61,970.
However, the price turned bearish and fell considerably, eventually registering a drop of almost 4% to slip below the $60,000 level and settle at $58,775, ending the weekend on a bearish note. The current session sees BTC marginally down, trading just below the $58,500 level. If BTC continues to drop, we could see a drop to $55,000 before the price stabilizes. However, if buyers can withstand the selling pressure and prevent BTC from dropping drastically, it means buyers are purchasing the dip, boosting the likelihood of a quick recovery.
$BTC
#MarketDownturn

#Pepe Coin price prediction signals a potential 25% drop amid declining whale interest, but a falling wedge pattern in the daily chart may prevent a major downtrend. 
Pepe coin price prediction shows a 3.6% jump to $0.00000875 on Sunday amid Bitcoin sustainability above $60000. This renewed recovery indicates stability for a follow-up rise after the Thursday rally in the crypto market. Will the meme cryptocurrency sector outperform the other assets due to its volatile nature, or will sellers await a comeback?
Pepe Coin Price Prediction Hints Potential Reversal
This week, the meme coin sector showcased a notable recovery as the broader market carried a relief rally after the July sell-off. This bullish turnaround uplifted the Pepe coin price from $0.00000585 to $0.0000086, registering a 47% rally. Consecutively, the market cap boosted to $3.65 Billion.

Despite a brief recovery, IntoTheBlock analytics reveals a significant decline in Pepe Coin’s large transaction volume. From a peak of 585 Txs on August 5th, the metric has plummeted to just 79 Txs, marking an 86.5% drop. This sharp decrease indicates a waning interest from whales, suggesting that the recent price rally might lack the momentum to sustain itself.
Pepe coin price prediction shows an overhead supply at the $0.000009 level backed by a 20-day exponential moving average as a dynamic resistance. A potential bearish crossover between the 50-and-100-day EMA could accelerate the selling pressure for another reversal.
Additionally, the In/Out of the Money Around Price (IOMAP) metric indicates that approximately 20,000 addresses hold over 30 trillion PEPE tokens at an average purchase price of $0.000009. This large overhead supply, currently at a loss, may sell their tokens at break-even in anticipation of a market correction, potentially intensifying the selling pressure.
A bearish turnaround may set the PEPE price prediction for a 25% drop to revisit the wedge pattern support at $0.0000065.

However, the falling wedge pattern typically signals a bullish reversal after a downtrend, characterized by converging trendlines that signal waning bearish momentum.
The Relative Strength Index (RSI) bounced from the oversold region to 41%, signaling that the asset holds strong demand at a discounted price.

Thus, pepe coin breakout from the $0.000009 barrier will signal an initiation shift in market sentiment. Following the pattern formation, the buyers could drive a 20% rally to challenge the overhead resistance at $0.00001.
#MarketDownturn