Andrew Tate has burnt 150,000,000$ to burn 40% of the supply of the coin $DADDY
Current MarketCap of the coin is 150m, Andrew promised 1B market cap soon. He also hinted that it’ll soon be launched on everyone’s favorite platform which is either Binance or Bybit.
If you bought the coin a couple of days ago with just 150$, today that 150$ would be a whooping 15,00,000$!!!
Is investing in $DADDY a good idea? The answer to that is YES, why? Because he burnt half the supply!!! Other than the fact that he’s also the biggest influencer on the media and he isn’t dumb to BURN 150,000,000$ just to humiliate himself. He knows what he’s doing, and I highly trust this and I’m happy to be part of the people who invest in this coin.
$SOL has just broken support and it's heading to 150 and below.
As I've discussed in my previous post, the price did drop and I'm expecting it to drop even further. $BTC will most probably go down towards 66-60k and as BTC goes down, so does SOL, so my guess is that SOL will drop to near 140-145.
However for tomorrow, I'm expecting some volatility in the market and I'm also expecting BTC to start either a consolidation phase, followed by an uptrend..or a test to the 60k support and a bounce from there followed by a strong bullish uptrend.
As we all know, BTC has dipped significantly over the past couple days leaving us at 66,900$ at the moment. Now if we take a look at the 1D timeframe, I think it is very possible and obvious that the trend is bearish, and it will most likely continue downwards until BTC reaches 65-55k, once it tests support, its going to bounce off as its a great opportunity for many investors to buy from. And from there I can see BTC pushing higher and very likely breaking the 72k threshold and going for an ATH
As for SOL, its pretty much the same since they’re correlated and move side by side. So i’m expecting a dip probably to 140-145 by tomorrow and then we will see some consolidation followed by an uptrend.
Remember guys I am not a financial advisor, please #DYOR*
I think for tomorrow, the market is going to experience a pullback. Btc might retest 72k but I’m not optimistic that it would make a break out from there, I think it would touch 72 then go down back to the current consolidation level where it would either consolidate again, or break down, and from there I’m expecting it to dip towards 65k..whoever if it did break out, I’m sure its going to push towards 75k or more.
As for the next couple weeks BTC is still bullish so after the correction(if scenario 1 happens) I think it will go to 72k test, break out and go to 75k-80k
Dogeverse has launched on Uniswap after accumulating over 20,000,000$ in presale and growing a community with over 20,000 members!!
What is Dogeverse?
THE DOGEVERSE IS MULTICHAIN Dogeverse is the first Doge Meme token built on a multichain network spanning Ethereum, BNB Chain, Polygon, Solana, Avalanche and Base. Welcome to an interconnected universe of doge lovers where community, rewards, and creative fun converge. Stake your $DOGEVERSE tokens on Ethereum to earn passive rewards and increase your bags throughout meme season.
It has already seen an insane increase of value, and made over 80% so far. This is only the beginning to this coin, I think it has a very good chance to become the next memecoin to go parabolic!!
Solana has been very strong, creating HH and HL..lets break down everything.
1. Chart Pattern Analysis: - The chart shows a bullish trend with higher highs and higher lows.
- A recent breakout above previous resistance at around $170.61 suggests bullish momentum.
2. Technical Indicators: - RSI (Relative Strength Index): The RSI values (RSI6: 62.64, RSI12: 62.16, RSI24: 61.87) are in the range of 60-70, indicating a moderately strong bullish momentum but not yet overbought.
-Volume: The volume indicator shows significant activity, with a recent peak. Increased volume on upward movements supports the bullish case.
-Moving Averages: The short-term moving averages (MA5 and MA10) are rising, further confirming the bullish trend.
3. Probabilistic Analysis: - Bullish Scenario: Given the breakout above resistance, the rising RSI, and strong volume, there is a high probability of continued upward movement.
- Bearish Scenario: If the price fails to hold above the breakout level and RSI starts declining, there could be a retracement. This is less likely based on the current indicators but still possible.
Crypto Whales Withdraw $3 Billion in ETH from Exchanges After Spot Ethereum ETF Approval
A recent analysis by CryptoQuant highlights that unidentified entities have withdrawn over 800,000 Ethereum (ETH) from crypto exchanges, valued at approximately $3 billion.
The migration of such a large volume of ETH from exchanges typically indicates a preference for holding assets in self-custodial platforms. This situation leads to tighter supply conditions on crypto exchanges.
Therefore, Kesmeci projected that the current withdrawals would positively influence Ethereum’s price in the medium term. The reduction in exchange-held ETH often hints at a future supply squeeze, potentially driving prices higher as availability diminishes.
1. Moving Averages (MA): - MA(7): 167.43 - MA(25): 167.11 - MA(99): 166.68 - The current price (166.91) is hovering around these moving averages, indicating potential consolidation or sideways movement.
2. Relative Strength Index (RSI): - RSI(6): 30.74 (indicating oversold conditions) - RSI(12): 41.81 (neutral-bearish) - RSI(24): 47.63 (neutral) - The RSI values suggest that the price is in oversold territory on the shorter timeframe, which could lead to a potential rebound.
3. Volume: - Volume has slightly increased, indicating some trading activity, but not significant enough to denote a strong trend.
4. MACD (Moving Average Convergence Divergence): - DIF: 0.10 - DEA: 0.12 - MACD Histogram: -0.02 - The MACD shows a slight bearish momentum, but it is close to the zero line, suggesting weak trend strength.
• Chart Pattern:
- The chart shows a recent high at 170.94 and a low at 163.67, with the current price around 166.91.
- The price has been oscillating and consolidating between 165.97 and 168.64, similar to the previous chart.
• Probability Prediction:
- Bullish Scenario (up to 170.94): 55% - The oversold RSI(6) indicates a potential rebound, but overall momentum is weak.
- Bearish Scenario (down to 163.67): 45% - Given the slight bearish indication from MACD and overall neutral-bearish RSI.
• Conclusion:
- Short-Term Outlook: Slightly bullish with a 55% probability of testing previous highs around 170.94, but the weak overall momentum suggests caution.
- Risk Factors:Oversold conditions could lead to a short-term rebound, but the overall trend strength is weak, indicating the possibility of continued consolidation or minor pullback.
Analyst Predicts $3 Trillion Market Cap For XRP — How Likely Is It?
A recent analysis from EGRAG CRYPTO has sparked significant interest within the cryptocurrency community. It proposes that XRP‘s market cap could soar to $3 trillion, positioning XRP among the top digital assets and potentially reshaping the crypto market landscape.
Adding to the bullish sentiment, EGRAG CRYPTO points out a White Triangle” breakout pattern on the charts, historically a reliable predictor of positive price movements. This pattern forecasts a short-term price target ranging between $1.20 and $1.50, with an expected breakout happening soon.
Despite the optimistic outlook provided by these technical indicators, there is considerable skepticism about XRP reaching a $3 trillion market cap soon, given the need to surpass major cryptocurrencies like Ethereum and challenge Bitcoin’s dominance. Such skepticism tempers the enthusiasm, reminding investors of the formidable hurdles XRP faces in achieving such unprecedented growth.
Veteran trader Peter Brandt has made an epic new prediction about Bitcoin's future value relative to gold.
According to analysis, Bitcoin (BTC) is set to keep on going up against precious metal over the next 12 to 18 months. He foresees that the number of gold ounces needed to buy one Bitcoin would eventually reach 100, which would mean a 344% rise in Bitcoin's current value compared to gold.
Brandt's forecast is backed up by a chart he shared, showing how Bitcoin has performed historically against gold. If Brandt's prediction comes true, Bitcoin fans could see some big returns on their investments as the digital currency outperforms the traditional safe-haven asset.
The next 12 to 18 months will be key to seeing if Brandt's bullish prediction comes true. While Bitcoin continues to gain mainstream acceptance and attract institutional interest, the financial community remains divided on its long-term viability and worth.
DMM Bitcoin, a Japanese cryptocurrency exchange, said it lost 48 billion yen ($305 million) of bitcoin ($BTC ) following a hack. In a blog post on its website, DMM Bitcoin said 4,502.9 BTC "leaked" out of the exchange. Measures have been taken to avoid further unauthorized outflows. "Please be assured that we will procure the equivalent amount of BTC equivalent to the outflow with the support of the group companies and guarantee the full amount," DMM Bitcoin said.
Solana meme coin prices are surging, with dogwifhat (WIF) up a stunning 27% since the start of the week while an exciting new coin called Sealana (SEAL) has raised more than $3 million.
South Park-themed Seal cartoon character Sealana has been making a splash in meme coin trading circles since launching its presale.
SEAL has already attracted over $3.5 million in funds from avid investors.
That’s no surprise when you look at the great engagement Sealana has been getting on socials.
Sealana’s marketing team are great at keeping X users entertained with regular whitty and relevant posts.
That’s in part thanks to Sealana’s savvy marketing team, who are drumming up great engagement on social media.
Sealana has already garnered over 7,000 X followers, as well as close to 7,000 on Telegram.
Meme coin traders bet get moving quick. The Sealana presale could sell out quick.
Investors can bag their SEAL by connecting their web3 wallet on Sealana’s official website with SOL, ETH, USDT or USDC.
SOL's value increased today due to a favorable governance vote for Solana validators and the strong performance of Solana-based memecoins.
Solana's price has jumped by over 4.80% in the last 24 hours to reach an intra-day high of around $173 on May 29. After its latest climb, the cryptocurrency is looking to post 35-40% returns by the end of the month, its best since December 2023.
The uptick in SOL’s value today can be linked to several factors. Key among these is a favorable governance vote for Solana validators and the impressive performance of Solana-based memecoins. Let's explore these bullish catalysts in detail.
Solana's validator governance vote
On May 27, the Solana community voted to allocate 100% of priority fees to network validators, ensuring they are adequately rewarded for their role in maintaining the network's security and efficiency.
Validators are essential for confirming transactions and maintaining the integrity of the blockchain. Higher incentives may encourage more validators to join and stay in the network, enhancing its overall reliability and robustness.
Traders view these improvements as signs of a strong and resilient network, encouraging more investment and speculative trading. This sentiment has driven the SOL price up by approximately 6.5% since the vote.
For instance, Dogwifhat (WIF), the leading Solana memecoin by market capitalization, has surged by over 21% on a 24-hour adjusted timeframe. Similarly, other top memecoins, including Bonk (BONK), BOOK OF MEME (BOME), and Popcat (POPCAT), have surged 14-15% in the same period. This memecoin frenzy accompanies a rise in deployed transactions and revenues across the Solana ecosystem, per the data provided by Dune Analytics dashboard pump.fun. Today's SOL price rise, in particular, precedes a sharp rise in the said metrics.
Financial institutions such as Visa, WorldPay, and Stripe continue to choose to build on Solana, joining one of the most resilient communities anywhere to build onchain at scale.
Solana is helping PayPal & Paxos bring the vision of PYUSD to life.
PayPal USD Stablecoin Now Available on Solana Blockchain, Providing Faster, Cheaper Transactions for Consumers Crypto.com, Phantom and Paxos are first to provide onramps to use PayPal USD (PYUSD) on Solana blockchain
Leave your comments below..is this going to impact the market? Will $SOL exceed $ETH ? Share your opinions!
• Moving Averages: - MA5 (10.17K) and MA10 (11.62K) suggest that the short-term trend is upward if the current price is above these averages.
• MACD (Moving Average Convergence Divergence): - MACD line (0.825) above the signal line (0.738) indicates a bullish signal. - A positive MACD histogram also supports the upward momentum.
• RSI (Relative Strength Index): - RSI6 (59.89), RSI12 (61.88), and RSI24 (58.82) are all below the overbought threshold (70), suggesting there is still room for upward movement before becoming overbought.
• Volume: - Volume data (5.58K) shows moderate trading activity, which supports the price movements.
Probability Prediction:
1. Bullish Continuation: - Probability: 65% - Indicators like MACD, RSI, and current price trend support continued upward movement, targeting or surpassing the recent high of 173.29 USD.
2. Sideways Movement: - Probability: 20% - Price may consolidate around the current level (171.87 USD) as traders await further market signals or news.
3. Bearish Reversal: - Probability: 15% - Although less likely due to bullish indicators, sudden market changes or significant sell-off volumes could drive the price down to recent support levels around 167-164 USD.
Goodluck everyone! Ps, don’t forget to DYOR and risk management.
Kiyosaki contrasts bonds with what he deems safer assets like gold, silver, and Bitcoin, suggesting these will surge in value, urging investors to reconsider where they place their trust and capital.
He even went on to warn that even highly rated AAA bonds are poised to crash, particularly due to the looming crisis in the commercial real estate market. Instead, he advocated for Bitcoin as a crucial component of a safe investment strategy.
The chart shows a recent upward trend after a period of consolidation. The price has bounced back from a low of 164.92 and is currently at 171.79, indicating a short-term bullish momentum.
MA5 (short-term) and MA10 (medium-term) are converging upwards, suggesting an uptrend.
Volume has spiked during upward movements, indicating strong buying interest.
RSI12 and RSI24 are at 72.21 and 62.98, respectively, suggesting strong upward momentum but approaching overbought territory.
Given the current upward trend, positive MACD, and increasing volume, there is a higher probability that the price will continue to rise in the short term. However, the high RSI values suggest that a minor pullback or consolidation might occur before further upward movement.
But the overall sentiment remains strong and bullish and ww might test support near 180 soon.