🎯🎯🎯 Bitcoin Price Predictions by AI based on last 13 years price action data: 🔥🔥🔥

Short-term (by end of 2023): 🤏
- Bitcoin to rise from $30,000 to $40,000.
- Factors: Institutional accumulation, positive ecosystem developments, limited downside.

Short-term (early 2024): 🔼
- Bitcoin to reach $50,000-$60,000 pre-halving in April 2024.
- Factors: Halving anticipation, retail investor demand, potential short squeeze.

Medium-term (around 2025): 👀🐮
- Bitcoin ATH $100,000-$150,000.
- Factors: Institutional adoption rising, new products and services development, supportive regulatory clarity, Bitcoin's scarcity, macroeconomic turmoil hedging.

Long-term (post-ATH, possibly end of 2025): 🐻
- Bitcoin to consolidate around $40,000-$50,000.
- Factors: Profit-taking by some investors, increased miner selling, cautious investor attitude.

What you think, let me know in the comments... 🔥🔥😍😍😍

**Remember, this is a prediction and not financial advice. Actual Bitcoin prices may vary due to various factors.

$BTC #CryptoTalks #crypto #BinanceSquare #BinanceTournament

🐕🐾🔥 Shiba Inu: $100 to $1.6 Billions

If you had invested $100 in Shiba Inu at its first opening price and sold it at its all-time high, you would have made over $1.6 billion.👀👀👀

Shiba Inu was launched in August 2020 with an initial price of $0.000000000056. If you had invested $100 at that time, you would have purchased 1.8 trillion #SHIB tokens.
The price of SHIB reached its all-time high of $0.00008845 in October 2021. If you had sold your SHIB tokens at this time, you would have made over $1.6 billion.🚀🚀🚀

This is a staggering return on investment, and it is a testament to the volatility of the cryptocurrency market. However, it is important to note that past performance is not indicative of future results. It is also important to remember that investing in #cryptocurrency is a risky investment, and you should only invest money that you can afford to lose.🔥🔥🔥

Here is a table that summarizes your investment:🐮🐮🐮

Investment Purchase price Sale price Profit
$100 in SHIB $0.000000000056 $0.00008845 $1.6 billion

Please note that this is a hypothetical calculation, and it is not guaranteed that you would have made this much profit if you had actually invested in $SHIB

#crypto #BinanceSquare #TrendingTopic

🔥🔥🔥 #bitcoin☀️ Holds $61K After a Brief Nosedive

Bitcoin (BTC) is currently trading above $61,000 after briefly dipping to $59,200 as the Asian trading day commenced.

The cryptocurrency has faced significant selling pressure due to continued ETF outflows, upcoming Mt. Gox bankruptcy redemptions, and miner sales. Despite this, Bitcoin has stabilized above $61,000, though it remains down 2% over the past 24 hours and 6% over the past week, according to CoinDesk Indices data.

The CoinDesk Indices Bitcoin Trend Indicator reflects a notable downtrend, while the CoinDesk 20, which tracks the largest digital assets, is relatively flat. Ether (ETH) has not experienced the same pricing pressure as Bitcoin.

Meanwhile, the ether staking protocol Lido ($LDO ) continues to outperform the market, showing a 14% increase in the past day and a 25% rise over the last week, as traders remain impressed with its fees, revenue, and total value locked.

In recent days, Bitcoin has faced considerable sell pressure due to the anticipated Mt. Gox bankruptcy redemptions and miner sales. Market data indicates that #BitcoinETFs saw an outflow of $174 million by the close of trading in New York on Monday, ending last week with nearly $1 billion in outflows.

Polymarket bettors are currently giving a 14% chance that Bitcoin will rebound to $65,000 by the end of the week, while there is a 71% chance that the ether ETF will begin trading by July 4.

Source - coindesk.com

#CryptoTrends2024 #CryptoMarkets #BinanceSquareTrends

💥💥💥 Will $NEAR Protocol Look For Bullish Reversal Or Continue Plunging? 

NEAR Protocol (NEAR) Price Analysis

Current Situation

- NEAR Protocol has initiated a recovery phase after dropping below the 200-day EMA and facing strong selling pressure, particularly since early June. The cryptocurrency is striving to stabilize around the $5 level, a critical psychological and technical support zone.

Bullish Chart Pattern

- On the daily NEAR/USD chart, there is a notable formation of a bullish flag pattern, indicating potential for upward movement if key resistance levels are breached.

Price Potential

- NEAR could see a significant upside of over 35% if it manages to surpass the recent hurdle at $5.75.

- The formation suggests a rebound scenario towards $8, contingent on broader market conditions improving.

Market Dynamics

- Despite recent declines, NEAR remains the 17th largest cryptocurrency with a market capitalization of $5.68 billion. Daily trading volume surged by over 160% to $493.8 million, reflecting active market participation.

Weighted Sentiment and Market Outlook

- The weighted sentiment curve currently hovers near neutral, indicating a balanced sentiment among investors and traders.

- A shift above the zero line in the sentiment curve could signify a positive bias and potential price gains for NEAR.

Technical Analysis

- NEAR is finding support near the dynamic 200-day EMA, a critical level for determining market sentiment.

- The bullish flag pattern on the daily chart suggests a potential rebound from the lower boundary of the pattern, reinforcing bullish prospects if resistance levels are breached.

Conclusion

NEAR Protocol aims for stability at $5, supported by a bullish chart pattern. A breakout above $5.75 could drive rally to $8 amid market recovery. Sustained weakness may test lower supports, impacting short-term trajectory.

Source - thecoinrepublic.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets
#CryptoBullish

👉👉👉 #SolanaDown 15% in past seven days amid claims of alleged $SOL investigation

Solana has been thrust into the spotlight amid claims by analyst Crypto Bitlord regarding an alleged investigation, sparking a wave of criticism and controversy among crypto analysts and Solana supporters on X.

According to Crypto Bitlord's recent tweet, rumors of an investigation into Solana have been circulating for several weeks. The X community heavily criticized the influencer for his assertion, labeling it as mere speculation rather than verified information.

The tweet coincided with Solana's recent price decline, with the cryptocurrency witnessing a 15% drop over the past seven days. This combination of price movement and speculative claims amplified concerns within the market.

Among the reactions, #CryptoAnalyst Evanss6 (@Evan_ss6) expressed a pessimistic outlook, suggesting that the community might be witnessing the "death of Solana."
Conversely, Luke (@toroscrypto) supported Crypto Bitlord's stance, referencing earlier predictions that Solana could face challenges similar to those experienced by LUNA in previous cycles.

In contrast, analyst Ricki.sol (@rickicryptostix) of #MonkeDAO dismissed Crypto Bitlord's allegations as baseless, labeling the supposed investigation as "nonsense."

Solana Labs has yet to respond to inquiries regarding these developments from FXStreet.

Source - fxstreet.com

#CryptoTrends2024 #BinanceSquareTalks

🔥🔥🔥 #Chainlink Signals Upside Break: Analyzing $LINK ’s Bullish Indicators

Chainlink (LINK) Price Analysis

Current Status

- Chainlink's price is showing bullish signs, rebounding from the $12.65 support level and trading above $13.50 and the 100-hourly SMA.

Key Developments

- Bullish Momentum: LINK has moved up from $12.65, surpassing $13.00 and $13.20.

- Trend Line Break: A significant break above a bearish trend line at $13.60 on the hourly chart.

- Fibonacci Levels: Price surpassed the 50% retracement of the drop from $14.82 to $12.66, currently testing the 61.8% level near $14.05.

Resistance Levels

- Immediate resistance at $14.05.

- Key resistance at $14.20. A break above this could push LINK to $14.50, $14.80, and potentially $15.00 and $15.50.

Support Levels

- Initial support at $13.80.

- Major support at $13.65 and the 100-hourly SMA. Further downside could test $13.50 and $12.90.

Technical Indicators

- MACD: Gaining momentum in the bullish zone.

- RSI: Above 50, indicating bullish sentiment.

Outlook

- Chainlink could rise further if it breaks the $14.20 resistance. Failure to do so might lead to a correction towards $13.80 or $13.65.

Conclusion

Chainlink is positioned for potential gains above $14.00, with key resistance at $14.20. Support levels to watch include $13.80 and $13.65.

Source - newsbtc.com

#CryptoNewssCommunity #BinanceSquareTalks #CryptoMarkets

💥💥💥 Important #Shibalnu ($SHIB ) Metric Skyrockets Amid Market Volatility

Shiba Inu (SHIB) experienced significant market volatility in the past 24 hours. As reported by CryptoPotato, the popular meme coin dropped by approximately 6.4% at one point yesterday. However, SHIB has since begun to recover and is now trading with a 3% gain compared to its price yesterday.

Data from CoinMarketCap indicates that SHIB's trading volume surged by an impressive 140% over the past 24 hours. Despite this increase in trading activity, the burn rate remains negative. According to Shibburn, the burn rate declined by 0.49% over the past day, with only 10 million SHIB being destroyed.

The overall meme coin sector has also rebounded following yesterday's market turbulence. CoinGecko data shows the category is up 4.8% in the past 24 hours. Notable gainers include WIF, which is up 18.4%, $BONK , up 15%, and $FLOKI , up 12%. By comparison, SHIB's performance lags behind these peers.

Source - cryptopotato.com

#CryptoNewsCommunity #BinanceSquareTalks #cryptoupdates2024

🔥🔥🔥 AI tokens $FET , $AGIX , $OCEAN , and #ARKM surge despite market sell-off

Several artificial intelligence (AI)-related cryptocurrencies have shown remarkable performance despite the market downturn on Monday. Among the top performers are Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Arkham (ARKM).

According to CoinGecko data, Fetch.ai (FET) surged by 20% in the past 24 hours, with its current price standing at $1.69. Ocean Protocol (OCEAN) also demonstrated a positive trend, increasing by 15% to $0.68. Similarly, SingularityNET (AGIX) saw a 15.5% rise, currently trading at $0.68.

This price rally coincides with the Artificial Superintelligence Alliance's announcement, involving SingularityNET, Fetch.ai, and Ocean Protocol, about initiating the ASI token merger on July 1. Earlier, the alliance had postponed the merger to July 15.

Additionally, Arkham (ARKM), the native token of the AI-driven blockchain analytics platform Arkham, experienced a 16% increase in the past 24 hours, now trading at around $2.

The surge in AI-related tokens occurred amid a broader market correction triggered by news that the defunct crypto exchange Mt. Gox plans to repay its creditors $9 billion in July.

Historically, such news from Mt. Gox has led to market sell-offs. For example, last month, Bitcoin's price dropped from $70,000 to $68,500 following Arkham's report that a Mt. Gox-associated wallet was transferring 140,000 BTC (approximately $9 billion) to a new wallet, likely in preparation for creditor repayments.

Following the latest announcement, #Bitcoin's price fell below $59,000 but later recovered to over $61,000, still reflecting a 2% decline in the past 24 hours. Over the month, Bitcoin has seen an almost 11% drop.

Source - cryptobriefing.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets

💥💥💥 #Shibalnu ($SHIB ) Executive Issues Unexpected Solana Warning

Shiba Inu (SHIB) marketing executive LucieShib has issued a significant warning to the Solana ($SOL ) community concerning the escalating incidents of scams.

Beware of Celebrity Scams

- Lucie, known for her vigilance within the Shiba Inu ecosystem, directed this latest caution specifically at SOL holders, particularly those involved in airdrop activities. According to the SHIB executive, many of the Solana addresses being promoted by celebrity accounts are likely compromised due to recent hacking incidents.

- In typical airdrop scenarios, celebrities publicly share their addresses, prompting community members to send funds with the expectation of receiving an airdrop. However, over the past week, several high-profile social media accounts have been exploited for fraudulent activities.

- One of the prominent victims was the X account of 50 Cent, which was manipulated to defraud investors of approximately $300 million. The American rap star vehemently denied his involvement in the fraudulent activities, clarifying the situation on his Instagram page.

- This wave of scams targeting celebrities has prompted figures like Lucie to raise awareness within their respective communities, offering guidance on how to avoid falling victim to such schemes.

Persistent Crypto Scams

- Despite ongoing efforts to educate the public, the allure of quick profits continues to lure crypto enthusiasts into various scams. Some scams utilize sophisticated techniques like deepfake videos, designed to deceive with startling realism. Notably, the XRP ecosystem & Ripple executives have been frequent targets of these malicious deepfake videos.

- Executives at Ripple, including the CEO & CTO, have periodically cautioned their communities to remain vigilant against such manipulative tactics. As the prevalence of crypto scams shows no signs of diminishing, investors are strongly advised to rely solely on announcements from official social media channels associated with their respective projects.

Source - u.today

👉👉👉 Arbitrum Committee Recommends 6M $ARB Diversification into $USDY of Ondo Finance

Ondo Finance, a leading on-chain institutional-grade financial platform, has recently experienced a significant development. The STEP Committee of Arbitrum has proposed diversifying up to 6 million $ARB tokens into Ondo Finance’s $USDY. Ondo Finance announced this update on the social media platform X.

Arbitrum Committee Proposes Diversifying 6M $ARB into Ondo Finance’s $USDY

- In their X post, Ondo Finance shared details about the proposal. The STEP Committee recommended six products out of over thirty applications, allocating more than seventeen percent of the funds to $USDY. This allocation is second only to #BlackRock's BUILD.

- This development highlights the growing reputation of the $USDY token. Ondo Finance expressed enthusiasm for this recommendation, emphasizing the high-quality nature of the $USDY token that has secured its remarkable position.

Appreciation for the Committee’s Thorough Diligence

- Ondo Finance also acknowledged the committee's thorough diligence process. They look forward to the Arbitrum community vote and are ready for further progress, indicating plans to expand collaborative efforts.

- Additionally, Ondo Finance extended special thanks to the STEP #DAO and committee members who contributed to this initiative. Key contributors include L2BEAT, DisruptionJoe.eth, Nethermind, North Lakes Legal, Steakhouse Financial, karpatkey, gfxlabs, PaperImperium, and Devansh Mehta, among others.

Source - blockchainreporter.net

#CryptoMarkets #BinanceSquareTalks #ARB🔥🔥🔥

🔥🔥🔥 #tezos (XTZ) Battles Market Bears, Sees Price Rebound from $0.71 Lows

Tezos (XTZ) has been enduring a bearish trend, marked by a 29% decline year-to-date and a recent 4% drop over the past week. Analysts are closely monitoring a potential upward movement aiming for $0.94, although failure to achieve this could trigger further downside towards $0.60. Currently, XTZ is trading at $0.77, with a significant uptick in accumulation evident as indicated by the Chaikin Money Flow (CMF) indicator, reflecting growing investor confidence amidst volatile funding rates.

Despite ongoing consolidation within the $0.76 to $0.87 range, the market remains uncertain due to mixed signals. Positive funding rates suggest dominance of long contracts, while negative rates point to short contract prevalence, highlighting investor indecision about XTZ's short-term trajectory. Analysts emphasize that a breakout above $0.94 would signal bullish momentum, whereas a failure could potentially lead to a retreat to $0.60.

Beyond price movements, Tezos recently rolled out its 16th upgrade on the mainnet, aimed at reducing block finality times to just 10 seconds. This enhancement, particularly beneficial for the Ethereum Virtual Machine-compatible L2 network Etherlink, positions Tezos competitively against other Layer 2 solutions like Arbitrum and Optimism in terms of transaction efficiency and cost-effectiveness. Arthur Breitman, Tezos co-founder, highlighted the Paris upgrade's improvements, emphasizing Etherlink's enhanced user experience and competitive advantage in transaction finality over leading Ethereum L2 solutions.

Moreover, the upgrade introduces the Data Availability Layer (DAL), crucial for scaling Tezos' Smart #Rollups to potentially support millions of transactions per second (#TPS ) in the future. This scalability milestone underscores Tezos' commitment to advancing blockchain technology and enhancing its ecosystem's capabilities.

Source - crypto-news-flash.com

#CryptoTrends2024 #BinanceSquareTalks

💥💥💥 #Litecoin Nears Annual Low: Potential Rebound Or Further Descent?

Litecoin ($LTC ) Price Analysis: Persistent #BEARISH📉 Trend
Current Situation

- Litecoin (LTC) is trading near $69.85, down 0.44% intraday. The cryptocurrency has been in a downtrend since breaking below the critical $80 level, nearing its yearly lows.

Market Sentiment

- Weighted Sentiment: Recently dipped below zero, indicating strong bearish sentiment.

- Market Position: Ranked 20th by market cap at $5.54 billion, with $176.37 million daily transaction volume and 74.67 million LTC in circulation out of 84 million.

Technical Analysis

- Moving Averages: LTC is below key EMAs (20, 50, 200-day), signaling a bearish outlook.

- Indicators: RSI at 36.73 and 14-day SMA at 37.37, both below midpoint, reinforcing bearish sentiment.

Outlook

- Litecoin must surpass $80 to shift to a bullish trend. Until then, bearish sentiment is likely to persist.

Conclusion

Litecoin (LTC) faces strong resistance at $80 amid a bearish trend, trading around $70. Market sentiment remains negative, supported by technical indicators suggesting continued downward pressure.

Source - thecoinrepublic.com

#CryptoNews🚀🔥 #BinanceSquareTalks #CryptocurrencyForecasts

💥💥💥 #dogwifhat falls out of top 50, tumbles 38% over past 7 days

Dogwifhat, a #memecoin🚀🚀🚀 on the #SolanaBlockchain , has experienced the sharpest price decline among the top 100 cryptocurrencies by market cap over the past seven days, yet it remains one of the top four memecoins.

In the last week, Dogwifhat (WIF) dropped by 38%, causing it to fall out of the top 50 cryptocurrencies by market capitalization. As of June 23, its market cap decreased by 9% within a 12-hour period to $1.60 billion, allowing Fantom (FTM) to surpass it with a market cap of $1.65 billion.

Despite discussions about WIF being in an accumulation zone, sentiment remains skeptical. A pseudonymous crypto trader, Blockgraze, noted on June 23 that the chart does not indicate significant accumulation.

Dogwifhat retains its position as the fourth largest memecoin by market cap, trailing Pepe (PEPE) with a market cap nearly three times larger at $4.57 billion.

Currently trading at $1.62, Dogwifhat's recent decline has also impacted futures traders' activities. Open Interest (OI) in Dogwifhat futures contracts has decreased by 25% to $209.64 million over the same period, according to CoinGlass data.

If Dogwifhat rebounds to $1.81, approximately $13.53 million in short positions could be liquidated.

The sentiment surrounding Dogwifhat has shifted from optimistic forecasts earlier this year. In March, when Dogwifhat reached $3 for the first time, Arthur Hayes, former BitMEX CEO and current CIO at Maelstrom, predicted a potential rally to $10.

Source - cointelegraph.com

#CryptoTrends2024 #BinanceSquareTalks

🔥🔥🔥 Ethereum Price Trims Gains as #bitcoin☀️ Slump Drags Crypto Market

#EthereumPriceAnalysis

Current Situation

Ethereum encountered resistance near $3,550 and subsequently declined below $3,500, testing support around $3,385. It is currently consolidating losses.

Technical Details

Ethereum is trading below $3,500 and the 100-hourly Simple Moving Average (SMA).A bearish trend line is forming with resistance near $3,465 on the hourly chart (ETH/USD).The price is consolidating near the 23.6% Fibonacci retracement level of the decline from $3,543 to $3,388.

Key Levels and Scenarios

- Resistance: Immediate hurdles are near $3,430 and $3,465. Significant resistance lies at $3,520 and $3,550. A clear break above $3,550 could trigger a rally towards $3,650 or even $3,720.

- Support: Initial support is at $3,385, followed by a crucial zone around $3,350. Further downside could target $3,220 and potentially $3,100 if selling pressure intensifies.

Technical Indicators

- MACD: The hourly MACD is in the bearish zone, indicating increased selling momentum.

- RSI: The hourly RSI is below 50, suggesting a bearish bias in the short term.

Conclusion

Ethereum faces resistance near $3,465, with downside risk if it fails to break higher. Support levels to watch include $3,385 and $3,350, while a break above $3,550 is crucial for renewed bullish momentum towards higher targets.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets

💥💥💥 $NEO partners with #Phoenix to explore AI and blockchain synergies

Neo's Partnership with Phoenix: A Snapshot

Partnership Overview

Neo has partnered with Phoenix, a decentralized AI infrastructure provider, to accelerate blockchain technology and drive mass adoption on Neo X through AI integration.

Phoenix Ecosystem

- #Skynet : An elastic computing layer offering scalable workflow tools, quick deployment features, and AI compute capabilities.

- Phoenix LLM: A customizable large language model platform for generating and processing human-like text.

Target Verticals

Phoenix targets markets and trading, research, gaming, financial services, IoT and edge computing, and cloud computing. It partners with binance, Tencent Cloud, Alibaba Cloud, and Alchemy Pay.

Collaboration Use Cases

- AI Computing Services: SkyNet will provide AI computing services to the Neo ecosystem.

- AI Content Generation: Phoenix will create content for NFTs, GameFi, and metaverse applications.

- AI Trading Signals: Phoenix’s AlphaNet will deliver AI trading signals for decentralized exchanges on Neo, with Flamingo Finance exploring AI enhancements.

Phoenix's History with Neo

- 2017: Originated as Red Pulse, the first public token sale on Neo, focusing on China’s capital markets.

- 2019: Evolved into Phoenix, integrating machine learning and NLP to connect investors with market insights, supporting both Neo and Binance Smart Chain.

- 2021: Decommissioned Neo Legacy support ahead of Neo N3 launch, migrating users to #BinanceSmartChain .

Future Prospects

The Neo-Phoenix partnership aims to integrate AI with blockchain, fostering innovation and broader adoption within the Neo ecosystem.

Source - neonewstoday.com

#BinanceSquareTalks

🔥🔥🔥 #bitcoin Price Takes a Plunge: Analyzing the Sudden Drop

Bitcoin's price has started another downward trend after struggling near the $64,550 resistance level, now trading below $63,500 and potentially heading lower.

Key Points:

- Initial Decline: Began from the $64,550 resistance.

- Current Levels: Trading below $63,500 and the 100-hourly simple moving average (SMA).

- #BEARISH📉 Trend Line: Resistance at $63,600 on the hourly BTC/USD chart.

- Potential Further Losses: Possible if it breaks below $62,700 and $62,500 support levels.

Detailed Analysis:

Bitcoin failed to recover above $65,000, facing significant resistance near $64,550 and subsequently dropping below $64,000 and $63,500, even falling past $63,000. A low formed at $62,700, with the price now consolidating losses. The bearish trend line at $63,600 is a key resistance point.

Bitcoin trades under $63,500 and the 100-hourly SMA. Any recovery might face resistance near $63,550 (23.6% Fibonacci retracement of the move from $66,444 to $62,700) and stronger resistance at $64,000 and $64,500 (50% Fibonacci retracement).

Potential Price Movement:

Upside Potential:

- Break Above $64,500: Could signal a steady increase.

- Targets: $65,500 and potentially $66,200.

Downside Risks:

- Failure to Break $63,550: Could lead to further decline.

- Immediate Support: Near $62,700.

- Further Support: $62,200 and $62,000.

- Significant Drop: Could reach the $61,200 support zone.

Technical Indicators:

- Hourly MACD: Gaining pace in the bearish zone.

- Hourly RSI: Below 50, indicating bearish sentiment.

Summary:

Bitcoin's struggle near the $64,550 resistance has led to a fresh decline, now trading below $63,500. Further losses are possible if it fails to break the $63,550 resistance. Conversely, a move above $64,500 could signal a bullish reversal and higher prices.

Key Levels to Watch:

- Support: $62,700, $62,200, $62,000.

- Resistance: $63,550, $64,500.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets $BTC

🔥🔥🔥 From #bitcoin☀️ to #Dogecoin‬⁩ : Here Are The Top Cryptos Making Holders Rich

IntoTheBlock, a prominent source of analytical insights in the cryptocurrency market, recently published an intriguing report highlighting the profitability levels among holders of various #cryptocurrencies.

Bitcoin Leads in Profitability

- Bitcoin, the largest cryptocurrency by market cap, tops the list with 89.11% of its holders in profit. This high percentage underscores Bitcoin's ongoing strength and sustained investor interest.

Ethereum Follows with Strong Performance

- Ethereum , while trailing behind Bitcoin, still boasts an impressive 83.19% of holders in profit. This figure reflects Ethereum's robustness and promising future prospects. The anticipated launch of an #EthereumETF could further bolster its market growth.

Memecoins Show High Profitability

- The report also shines a light on #Memecoins🤑🤑 , which show a remarkably high percentage of profitable holders, with Pepe and Dogecoin leading the pack.

Memecoins vs. Large-Caps: A Comparative Analysis

- According to IntoTheBlock, while a minority of Bitcoin and Ethereum holders have realized gains, those who have held these large-cap cryptocurrencies long-term are likely to be in profit. On the other hand, memecoins like Pepe (80.57% of holders profitable) and Dogecoin (74.99%) continue to captivate investor interest with their high returns, despite their volatility.

Stability vs. High Returns

- The data suggests that both large-cap cryptocurrencies and memecoins dominate profitable crypto holdings. This indicates that while traditional heavyweight tokens offer stability and growth, newer, volatile tokens can provide much higher returns, albeit with increased risk.

Insight for Investors

- The infographic from IntoTheBlock provides investors with insights into market sentiment and opportunities. Knowing which cryptocurrencies have a high percentage of recent profitable holders helps assess potential upsides against risk tolerance.

Source - blockchainreporter.net

💥💥💥 #Polkadot Races Ahead: Conor Daly Drives $DOT to Indy 500 Spotlight

Polkadot’s $2.1 million sponsorship of Conor Daly in the 108th Indy 500 boosted DOT’s visibility, reaching 13.3 million viewers and generating 59 million social media impressions. This collaboration, secured through community vote via OpenGov referendum #514, showcased Polkadot at the Indianapolis Motor Speedway, potentially setting the stage for a bullish reversal in DOT’s price.

Polkadot's Network and Daly’s Involvement

- Polkadot’s sponsorship was supported by a treasury of 41 million DOT. Daly, now actively involved with Polkadot, will speak at the upcoming Polkadot Decoded Conference in Brussels. His father, Derek Daly, also holds DOT in his portfolio.

Ecosystem Growth

- Polkadot is enhancing #Blockchain interoperability, attracting over 3.4 million holders who have staked 58% of the total circulating supply. The network is developing infrastructure for seamless product adoption, such as the Snowbridge for #Ethereum✅ liquidity transfers.

DOT Price Action

- Despite a recent 22% price drop, DOT is forming a bullish inverted head and shoulders pattern on the weekly chart, suggesting a potential rally to its all-time high. DOT was trading around $5.63 as of June 21, 2024.

Source - crypto-news-flash.com

#BinanceSquareTalks

💥💥💥 Is #Xrp🔥🔥 Finally in Uptrend? #shibaInu (SHIB) May Still Hit $0.00002: Here's How, Ethereum ($ETH ) to Start Gaining Some Strength

XRP is consolidating around $0.48, possibly forming a higher low, indicating potential for an uptrend. It's below key resistance levels (50 EMA, 100 EMA, 200 EMA), with RSI at 42, suggesting balanced conditions. Volume stability supports a bullish scenario, with a breakout above resistance levels and high volume confirming uptrend.

Shiba Inu (SHIB) has plummeted to 2023 lows, breaching key EMAs and nearing critical support at 200 EMA. RSI at 26.99 indicates oversold conditions, potentially signaling a buying opportunity, but low volume and cautious sentiment complicate recovery prospects.

Ethereum (ETH) stabilizes around $3,500 post-corrections, consolidating above key EMAs. This stability hints at bullish continuation, with a breakout above $3,500 likely attracting buyers and supporting upward movement.

Source - u.today

#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets

💥💥💥 #bitcoin dips below short-term holder realized price, sparking $60K fears

Bitcoin (BTC) recently fell below $64,000, breaching its short-term holder realized price and signaling a potential downturn after 49 days, according to CryptoQuant, a #cryptoanalysis firm.

On June 21, CryptoQuant noted Bitcoin dropped below the critical support level of $65.8K, trading under $64K. The firm predicts a possible 8%-12% correction towards $60,000, a level last seen on May 3.

As of June 22, Bitcoin was down 2% to $63,442, below the short-term holder realized price of $64,230. This metric, crucial for traders, reflects the aggregate cost basis of $BTC held for 155 days or less.

Historically, the short-term holder realized price has been a strong support during bull markets since early 2023. However, recent breaches have raised concerns among traders about further price declines.

A drop to $60,000 could liquidate approximately $1.64 billion in long positions, per CoinGlass data.

Bitcoin Potential Amid Consolidation

- Bitcoin has hovered around $65,000 for an extended period, prompting speculation about its next move following significant events like the launch of US spot #BitcoinETFs and the April halving.

- On June 13, Cointelegraph reported Bitcoin's longest consolidation period in 92 days, with analysts anticipating a potential "massive upside rally."

- CryptoQuant's Ki Young Ju suggested Bitcoin's network fundamentals could support a market cap three times its current size compared to the last peak. Referring to BTC’s price, hash rate, and market cap ratio, Young Ju speculated this trend could sustain Bitcoin’s price up to $265,000.

Source - cointelegraph.com

#CryptoTrends2024 #BinanceSquareBTC