These 3 Altcoins Have the Potential to Set a New ATH Price Record in June 2024
Since mid-May, Bitcoin (BTC) has continued to attract investors' attention with the potential to reach a new all-time high (ATH). This is like many other altcoins, including Binance's native token, $BNB .
Toncoin has carved out a fantastic run in Q2 2024 as the altcoin not only set a new ATH record, but is also on track to post a second new ATH record. However, $TON needs to âconjureâ US$6.5 into a support floor for this dream to become a reality.
Dogecoin (DOGE) Price Imitates Historical Patterns, Bull Market on the Way?
Dogecoin (DOGE), a popular meme coin, has displayed recurring price patterns that often initiate substantial bull run phases.
In fact, the recent Dogecoin price correction indicates a potential bullish trend reversal. This is in line with historical trends in the past.
Dogecoin's recent price action is in line with its historical patterns, indicating a potential bullish trend reversal. Historical data from 2017 to 2021 says Dogecoin generally follows the breakout of the descending triangle with big gains.
For traders, the descending triangle pattern offers a strategic framework for entering positions. With a well-defined stop-loss (SL) and price target, traders can manage risk while positioning themselves to gain profits.
As for the current market phase, marked by a 47.48% correction, it could be a catalyst for Dogecoin's next significant bull run. Patience and strategic analysis, complemented by historical patterns, can yield huge profits for Dogecoin investors. (ApaikCrypto )
Happy Thursday! đ In today's newsletter, the SEC asks for spot Ethereum ETF S-1 drafts by Friday, Terraform Labs and Do Kwon reach a "settlement in principle" with the SEC, Elon Musk rebuts reports that he spoke about crypto with Donald Trump, SEC Commissioner Hester Peirce suggests created a UK-US crypto regulatory sandbox and the Bitcoin staking platform Babylon raises $70 million in funding.Â
Gambardello analysis predicts the start of an altcoin season or altseason accompanied by a significant decline in BTC dominance. He presented a graphical analysis of the major coins' dominance trends from 2017 to present, highlighting the inverse relationship between BTC dominance and the altcoin market, especially during periods of high volatility. The analyst presentation detailed how BTC dominance declined during the altcoin boom of the 2017 and 2021 bull runs. The chart reveals a recurring pattern where Bitcoin dominance shows a cyclical trend, rallying before the next decline.
#BTC Bitcoin Dominance Slumps, Altcoins Prepare to Soar $BTC
According to renowned crypto analyst Dan Gambardello, the crypto market is on the verge of a crucial phase. Based on six and a half years of technical analysis and volume data, Gambardello expects significant market volatility in the next two months. Indicator Heads Down Coin Edition reports that, Gambardello's chart shows that this MA is approaching the crossover point once again. The data also shows that Bitcoin dominance is nearing its peak, with signs of losing momentum. As a result, the analyst expects a potential decline in BTC dominance, signaling a shift in investment from Bitcoin to altcoins or a substantial capital flow into the altcoin market. (ApaikCrypto )#bitcoin #BTC #Ethereum
Price $XRP Preparing to Break 7 Year Pattern, Will Skyrocket 1,200 Percent
XRP price has been stuck in an accumulation zone for 7 years, causing great concern among investors.
However, optimism started to rise when a crypto analyst predicted that XRP was on the verge of breaking through this prolonged phase.
XRP Price Will Soar with a Potential Increase of 1,200 Percent
NewsBTC reports, in a recent analysis posted on TradingView, crypto analyst Babenski provided a much-needed boost of hope for XRP investors. According to Babenski, XRP is currently trying to break out of its long accumulation trend and may succeed this time. (ApaikCrypto ) #BTC #XRPUSDTđš #XRPnews #XRPVSSEC
Coinbase to Launch Perpetual Futures Contracts for Dog Meme Trio SHIB, BONK and FLOKI
The largest crypto exchange in the US, Coinbase, will list another round of cryptocurrencies for its perpetual futures contracts, this time selecting three popular dog meme trios namely Shiba Inu (SHIB), Bonk (BONK) and Floki (FLOKI).
Coinbase International Exchange has announced the addition of three dog-themed memecoins, namely Shiba Inu, Bonk and Floki, to its perpetual futures contract.
An official statement made via a post on X confirmed that these three cryptocurrencies will start trading next Thursday (30/5/2024). (ApaikCrypto )
Bitcoin Price Forecast from CrossBridge Capital: Could Reach US$250 Thousand Even though BTC dynamics still feel very volatile recently, this large cryptocurrency continues to attract the attention of analysts and financial companies. Not long ago, for example, CrossBridge Capital predicted that Bitcoin could reach US$250,000 in the next three to five years or in 2026-2028. The Bitcoin price forecast comes at the same time as a series of other important developments, including more capital inflows from institutional entities, gradual regulatory changes, and the arrival of Ethereum Exchange Traded Products (ETPs) investment instruments on stock exchanges in the UK on 28 May 2024 coming. Another thing, of course, is the impact of Bitcoin Spot ETF trading since January 2024.
DOGE Whales Are At Action Again, What's Ahead for This Memecoin? DOGE Whales in Action According to data from IntoTheBlock, transactions exceeding US$100,000 have seen a dramatic increase. In the last 24 hours, the total value of this large transaction jumped from US$1.53 billion to around US$3.01 billion. This significant increase highlights renewed interest and engagement from major investors in the Dogecoin ecosystem. Simultaneously, the volume of DOGE moved by whales also experienced a significant increase. This volume grew from 9.74 billion to 17.97 billion DOGE coins, indicating a higher level of activity and movement in the Dogecoin market.
DOGE Whales Are At Action Again, What's Ahead for This Memecoin?
DOGE Whales in Action
According to data from IntoTheBlock, transactions exceeding US$100,000 have seen a dramatic increase. In the last 24 hours, the total value of this large transaction jumped from US$1.53 billion to around US$3.01 billion. This significant increase highlights renewed interest and engagement from major investors in the Dogecoin ecosystem.
Simultaneously, the volume of DOGE moved by whales also experienced a significant increase. This volume grew from 9.74 billion to 17.97 billion DOGE coins, indicating a higher level of activity and movement in the Dogecoin market. This increase indicates that whales are increasingly viewing DOGE as a viable investment opportunity, perhaps in anticipation of future market developments.
Speculation on Potential Dogecoin ETF Approval This surge in whale transactions coincides with increasing speculation in the crypto community regarding the potential approval of Dogecoin (ETF). Recent enthusiasm regarding the possible approval of an Ethereum ETF has sparked discussions about DOGE as the next crypto to have its own ETF.
Such a development would be an important milestone for Dogecoin, further legitimizing its position within the broader financial market. (ApaikCrypto )
Moving to become a citizen of this country you will have BITCOIN
The small and most populous country in Central America, El Salvador has the potential to become one of the richest countries due to its huge bitcoin holdings. Quoting Cryptonews, in September 2021, El Salvador became the first country in the world to officially accept Bitcoin as legal tender. This was followed by the President of El Salvador, Nayib Bukele, who announced that the government would start buying 1 BTC per day on November 16 2022. This controversial decision does not seem to be in vain. This is because the Bitcoin held by the El Salvador government is currently worth more than US$ 150 million, consisting of more than 2,000 BTC.
This country is predicted to be very rich thanks to $BTC , this is how it started
The small and most populous country in Central America, El Salvador has the potential to become one of the richest countries due to its huge bitcoin holdings. Quoting Cryptonews, in September 2021, El Salvador became the first country in the world to officially accept Bitcoin as legal tender. This was followed by the President of El Salvador, Nayib Bukele, who announced that the government would start buying 1 BTC per day on November 16 2022.
This controversial decision does not seem to be in vain. This is because the Bitcoin held by the El Salvador government is currently worth more than US$ 150 million, consisting of more than 2,000 BTC.
Whale PEPE Withdraws US$8 Million Tokens from Binance, What Sign?
A mysterious whale investor recently caused huge waves in the memecoin market by moving nearly US$8 million in PEPE tokens from Binance. This massive withdrawal involved 592 billion PEPE tokens and came after a significant price increase in the value of the tokens. The broader market surge appeared to be driven by news regarding the potential approval of a spot Ether ETF in the US. The Securities and Exchange Commission (SEC) suddenly asked exchanges seeking to list and trade these funds to update key filings regarding these products.
Whale PEPE Withdraws US$8 Million Tokens from Binance, What Sign?
A mysterious whale investor recently caused huge waves in the memecoin market by moving nearly US$8 million in PEPE tokens from Binance. This massive withdrawal involved 592 billion PEPE tokens and came after a significant price increase in the value of the tokens.
(ApaikCrypto)
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