🥳 The bull market is still ahead In past cycles, MVRV reac | TopCryptoNews på Binance Square

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🥳 The bull market is still ahead

In past cycles, MVRV reached values ​​of 4.83 and 3.97, while now it is at 2.78.
🤓 We have not yet entered the revaluation zone and it is likely that a big increase will occur in June - CryptoQuant .

$BTC #BTC

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⭐️ Cryptocurrency Prices Show Market Trends Bitcoin price saw steady sales above $68,000 last month. Again, a large upper wick formed. Although a new low formed below $58,000 last month, this month levels around $63,000 are maintained. However, these ongoing sales have been painful for altcoins. So, what will be the price of TON Coin? 🔸 TON Coin Analysis TON Coin, which has managed to attract Telegram users with mini games and protocols, is an exciting alternative. 500 million registered Telegram users are not to be underestimated. Moreover, a significant portion of crypto investors use the Telegram application intensively. The growing TON ecosystem with increased integration and more users joining the blockchain could also increase the price. For now, the price is trying to recover from the SMA50 level of $6.76. Bulls are defending the region. If buyers can push the price above the 20-day EMA ($7.23), targets of $8.29 and $10 can be focused on. 🔸 ADA Coin Analysis Cardano has been lingering near the key level of $0.40 for the past few days. If ADA Coin, trading in a narrow range, can turn $0.4 into support, it could rise to $0.5. In the opposite scenario, the targets are clear. In case of a decline, bears will need to focus on targets of $0.35 and $0.28. 🔸 Shiba Coin Price Prediction The second largest meme coin by market value, SHIBA Coin, maintained the $0.000017 support. However, the lack of a strong rebound indicates there are no aggressive buyers. The situation seen in altcoins in general is also present here. As long as the levels we mentioned for BTC in the last few hours are not achieved, the risk appetite in altcoins is expected to remain weak. The downward sloping 20-day EMA ($0.000021) and the RSI in the oversold region highlight the potential for further losses. If the support is broken downwards, a drop to $0.000014 could occur. In the opposite scenario, targets of $0.000023 can be aimed for with closes above the EMA20. $ADA $SHIB #ADA #Shibalnu

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📉 Bitcoin has fallen below $63,500 Friends, hello. Today once again bitcoin continues its fall. Many people didn't believe me before and said that I was crazy to forecast such a prediction for the market fall to the public. But so far, things are going as I ...Money continues to gradually leave BTC. But despite the fall of altcoins yesterday and stand still. They are being bought more than BTC. ❕ I think we will still see bitcoin at 62k. But maybe we'll go up a little bit before that. Not a financial recommendation 🔥 $BTC #BTC

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📊 Meme Coins Dominate Solana (SOL) DEX Volume, Here's What It Means In the race for programmable layer-1 dominance, Solana (SOL) has featured high in the rankings lately. As reported earlier, Solana has even toppled Ethereum (ETH) on many occasions in relation to its decentralized exchange (DEX) volume. As recently highlighted by market analyst WazzCrypto on X, about 92% of the Solana DEX volume comes from meme coin trading. 🔸 Solana suffered from meme coin hype Meme coins are now a sensation in the digital currency ecosystem. In the top 20 of the most capitalized digital currencies, two meme coins are featured, including Dogecoin (DOGE) and Shiba Inu (SHIB). While these two dominate the meme coin scene, Solana-based variants like BONK and dogwifhat (WIF) are also major tokens to reckon with. Notably, BONK and WIF are established on the market, but judging by its lower fees and high throughput, Solana has recorded a massive influx of new meme coins over the past year. This influx has done a lot of harm to Solana as it has helped in fee generation. One major limitation that pushed some innovators out of the Ethereum ecosystem in search of new alternatives is its congestion woes. The first quarter of this year was challenging for Solana with the explosive meme coin market. With dedication and the right push, Solana developers finally launched a major fix on the mainnet. It is, however, worth noting that reliance 🔸 Can Solana compare to Ethereum? Per the data shared by Wazz, the dominance share of meme coins on Solana grew from 25% in November 2023 to the 90% seen today. This is a major leap in an extremely large unpredictable asset class. 💬 92% of Solana's Top DEX volume is memecoins — Wazz High-profile decentralized finance (DeFi) applications like Jito and Marinade Finance are contributing the bulk of the transactions on Solana, so it remains unsustainable. Ethereum, on the other hand, had its underlying spot ETF approved in the U.S. As the race for dominance heats up. $SOL #SOL #Solana

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