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41% of central banks speculate that they will have functional CBDCs by 2028, according to an Official Monetary and Financial Institutions Forum (OMFIF) study.
#CBDCProject
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#CryptonewswithJack
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Notably, #shiba⚡ Inu has been in a bearish trend in recent days. The token even lagged behind the broader crypto market during the recent bull frenzy of the past two weeks. At the time, rival meme coins like PEPE and BONK set all-time highs with gains of over 200%, while others, like Dogecoin, surpassed their 2021 peak. While Shiba Inu moved from $0.00001626 to $0.00003031 during the same time, it quickly lost momentum. Now, SHIB is struggling at around $0.000024, down 7% in its weekly performance. #CryptoNewsCommunity
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Despite a notable price increase in the broader market, Polygon’s (POL) price action has lagged behind its major-cap altcoin peers. The cryptocurrency experienced a 2.73% rise over the last 24 hours and a 17.41% weekly gain, showcasing modest upward momentum. In contrast, other altcoins like Dogecoin (DOGE) and XRP have delivered stronger returns of over 120% during the current rally. This discrepancy has raised questions about #Polygon’s ability to compete.
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On the daily chart, FLOKI shows a powerful reversal rally, having surged 128% in just 17 days after bouncing from the $0.000146 support level. Currently, #FLOKI is trading at $0.00026, surpassing the key 78.60% Fibonacci level at $0.00025. This marks an important psychological milestone, and the recent bullish engulfing candle reinforces the uptrend. Supporting this bullish outlook, the overnight surge has caused an uptick in the VI lines of the DMI indicator. This delayed the negative crossover and contributed to an increase in the ADX line, signaling stronger trend momentum. Additionally, the exponential moving averages (EMAs) for the 50-day, 100-day, and 200-day periods remain positively aligned, further supporting the bullish trend. #CryptoNewsUSA
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