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Cardano (ADA) Price Prediction for June 14.

ADA/USD.

The rate of Cardano (ADA) has dropped by almost 2% over the last day.

On the hourly chart, the price of ADA is in the middle of the narrow channel. As none of the sides is dominating, ongoing sideways trading in the zone of $0.4220-$0.4230 is the more likely scenario until the end of the day.

On the daily time frame, bears are more powerful than bulls. If buyers lose the $0.42 zone, the drop may lead to the test of the $0.40-$0.41 range soon.

From the midterm point of view, there are also no reversal signals yet. If the weekly candle closes near the support level, the accumulated energy might be enough for a blast to the $0.38 area.

Such a scenario is relevant until the end of the month.

ADA is trading at $0.4173 at press time.

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MicroStrategy's Notes Offering to Buy Bitcoin
Sees Surprising Twist.

MicroStrategy, the business intelligence firm led by Michael Saylor, has announced the pricing of its latest debt offering. Per a new press release, the company plans to raise $700 million through the issuance of convertible senior notes due in 2032, with the purpose for purchasing additional Bitcoin and covering general corporate expenses.

This move follows a previous announcement aimed at raising $500 million, indicating what may be strong investor demand that has allowed MicroStrategy to upsize the offering.

The convertible notes will bear an interest rate of 2.25% per annum, payable semi- annually on June 15 and Dec. 15, starting Dec. 15, 2024. They will mature on June 15, 2032, unless repurchased, redeemed or converted earlier.

MicroStrategy retains the option to redeem the notes for cash after June 20, 2029, under specific conditions, provided the company's class A common stock meets certain price thresholds.

Investors will have the option to convert the notes into cash, shares of MicroStrategy's class A common stock or a combination of both. The initial conversion rate is set at approximately 0.4894 MSTR shares per $1,000 principal amount of notes, translating to an initial conversion price of about $2,043.32 per share. This price represents a 35% premium over the company's recent stock price.

MicroStrategy estimates net proceeds from the offering to be around $687.8 million, or up to $786 million if the initial purchasers exercise their option to buy additional notes. The sale will be conducted privately only to qualified institutional investors.

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Shiba Inu Insider Shares Crucial Reminder With SHIB Community.

In a recent tweet, Shiba Inu team member Lucie issued an important reminder to the SHIB community: the much-anticipated Treat token has not yet been launched.

Lucie tweeted a screenshot of her Shiba Eternity gameplay, teasing the Shiba Inu community by asking: "Any Shiboshis around? Actively seeking treats for Shib? What's your fighter for the TREAT?"

However, Lucie reminds the Shiba Inu community that the Treat Token has not yet been launched. This reminder is crucial as scammers often take advantage of high anticipation and excitement within the crypto community to launch phishing attacks, fake token sales and other malicious activities. By reminding the community that the Treat token has not yet been launched, the Shiba Inu team aims to reduce the risk of such scams.

As the community eagerly awaits further updates on the TREAT token, members are encouraged to stay informed through official channels.

The reminder from the Shiba Inu team member is a call to remain vigilant and patient, ensuring that when the TREAT token does launch, it will be received with the same enthusiasm and support that has become synonymous with the Shiba Inu community.

At the time of writing, SHIB was up 0.79% in the last 24 hours to $0.00002161.

According to on-chain analytics firm Santiment, Shiba Inu is showing a particularly bullish signal.

Since May 27, the top 10 exchange wallets on the Shiba Inu network's holdings have decreased by 2.4%. Decreasing exchange supplies should be considered a good sign for bullish traders, Santiment added.

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Toncoin (TON) Addresses in Profit Hit 100% Amid 245% Large Transaction Jump.

Toncoin (TON) is currently an industry sensation as it has soared to a new all-time high (ATH) of $8.04, attained just at the time of writing. This ATH boost comes following the 6.42% surge it recorded in the past 24 hours and the more than 7% growth over the past week.

Toncoin profitability metric.

The sensational growth of Toncoin has cemented its place as the ninth largest cryptocurrency by market cap. The biggest beneficiary of this rally are the 21,490 Toncoin wallet addresses, all of which are now in profit, per data from crypto analytics platform Into TheBlock (ITB).

The Toncoin journey is one that has been marked by consistent growth since the start of the year. Per on-chain data, the coi n briefly flipped XRP in what is considered a rare performance push. Toncoin's popularity is closely linked to its association with Telegram, the fast- growing social messaging application.

Besides the action of TON whales, whose transactions have jumped by 245% in 24 hours, The Open Network (TON), which harbors Toncoin has also played host to some different user-focused projects like Notcoin and Hamster Kombat. These projects are designed as Play-2-Earn (P2E) games with massive upside in terms of user incentivization.

Gaining access to these games and their promised rewards requires TON, and as such, has placed enormous demand on the coin, fueling its rise to stardom.

What next for Toncoin?

As a top 10 cryptocurrency, Toncoin is now on many analysts' and investors' radar, with many wondering what might come next as it is effectively now in price discovery mode.

Telegram has a massive growth projection
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continually drive TON's demand.

Per its current outlook, a $10 price mark cannot be ruled out for TON in the mid-to- long term.

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Bitcoin Miners Are Capitulating: What's Happening?

The capitulation of Bitcoin miners was not expected on the cryptocurrency market. However, it could have been the perfect solution to the current state of the digital gold. Here's why it could become a fuel for the growth of BTC.

Over the last 18 months, Bitcoin's hashrate has been on an uptrend, which is representative of good security on the network; however, data shows that the trend was breached, indicating that some miners are throwing in the towel or, rather, quitting mining altogether.

Miner capitulation manifests itself through a visible decline in the hashrate, which gauges the processing power dedicated to the mining of Bitcoin.

The chart from CryptoQuant shows a decline in the true hashrate of the network. Otherwise constantly rising, the true hashrate is seeing a decline. From the lower band of the hashrate, we can effectively say that the computational power is on the decline, a deviation from the increase we had seen in the last one and a half years.

This could be due to the increasing cost of operations and lowered profitability for miners, with the halving that did not kick in, in terms of price performance. As the price of Bitcoin continues moving down, it becomes complicated for mining operations to remain profitable in their activities. Obviously, it led to some of the miners switching off their rigs completely, while others reduced their mining activitieS.

A decline in the hashrate generally leads to a period of readjustment for Bitcoin. Capitulation by miners makes mining difficulty adjust to an easier track for the remaining miners to mine blocks. This adjustment can lend itself to efficiency and even lowering of the costs for active miners.

Major price action has, in the past, appeared after hashrate drops. Miners' capitulation may currently reduce selling pressure. With declining selling pressure, the price of an asset can stabilize and even rise if demand now outweighs supply.

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298,000 Ethereum (ETH) in 24 Hours, What's Happening?

There is a growing demand for Ethereum (ETH) on centralized trading platforms as the approval of spot ETF is driving bullish sentiments. According to CryptoQuant's Head of Research Julio Moreno, Ethereum demand has spiked significantly.

Ethereum Buying Breaks Major Record.

As Moreno pointed out, Ethereum buying by permanent holders marked the second highest on record on June 13 with a total of 298,000 ETH acquired.

Ethereum as a digital currency is not new to intense buying activity overall. Besides this recent spike in buying activity, Ethereum's highest buying date ever came last September 11 when a total of 317,000 ETH were acquired in 24 hours.

The explanation for this increased buying momentum is not far-fetched. Prior to the entry of institutional capital that might showcase a high affinity for spot Ethereum ETF, most retail buyers are taking positions as needed. This is a major coping mechanism for the intense liquidity war that might be activated very soon.

The ongoing accumulation will grant current holders a major headstart should the price of Ethereum make a push toward new highs. One intriguing trend as seen in Ethereum is the price slump over the past week.

The coin is down by 7.60% over the trailing 7-day period and the June 13 accumulation comes at a time when the coin flashed a major discount. The accumulation has sparked a mild trend reversal, jumping by 0.6% at the time of writing to $3,519.20.

What To Watch Out For In Ethereum.

Besides the numerous upgrades the Ethereum protocol has welcomed in the past year, the most important event to watch out for is the approval of S-1 registrations for the spot Ethereum ETF product.

While the timeline remains speculative, the commencement of Ethereum ETF trading will mark a new era for the coin and likely open it up for an intense rally.

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XRP Gets Flipped by TON.

Ripple-affiliated XRP cryptocurrency has slipped below Toncoin (TON) by market capitalization, according to data provided by CoinCodex. The two cryptocurrencies are valued at $27.38 billion and $26.57 billion, respectively.

TON, the native cryptocurrency of The Open Network (Telegram Open Network), is up more than 2% over the past 24 hours. Meanwhile, XRP is down 1.55% over the same period of time.

It is worth noting that TON has managed to outperform 80% of the top 100 cryptocurrency assets in a year, with its price increasing 456% over the past year.

the TON network has now surpassed more than $500 million in total value locked (TVL). Tonstakers, DeDust, and STON.fi are the leading projects by market cap.

For comparison, XRP has been one of the
worst-performing cryptocurrencies in the
top 100. That said, as noted by analyst Bill
Morgan, this is largely due to the fact that
the cryptocurrency experienced a massive
rally last July following Ripple's partial
victory against the SEC. However, it failed
to maintain its momentum and pared its huge gains, which is why its performance
seems to be underwhelming compared to
other cryptocurrencies at first glance.

With that being said, XRP is still down 85.9% from its record high, which makes it one of the worst-performing cryptocurrencies alongside Cardano (ADA) and Polkadot (DOT).

Meanwhile, XRP remains above TON on CoinGecko, another popular coin-tracking website.

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SHIB Price Prediction for June 13.

SHIB/USD.

The rate of SHIB has fallen by 4.56% over the last day.

On the hourly chart, the price of SHIB is in the middle of the local channel.

However, if the upward move continues to the upper line, one can expect a breakout, followed by a move to the $0.0000222 zone.

On the bigger time frame, the rate of SHIB is coming back to the support level of $0.00002078. If its breakout occurs, the accumulated energy might be enough for a more profound drop to $0.000020.

A similar picture can be seen on the weekly chart. If the candle closes around current prices, traders may witness a test of the $0.000018 zone soon.

SHIB is trading at $0.00002140 at press time.

Almost 10 Billion Dogecoin (DOGE) in 24 Hours: What's Happening?

Dogecoin continues to capture significant attention on the cryptocurrency market. This time, it is thanks to the growth of such on-chain value as whale-tier transactions and others, as 10 billion DOGE being transacted in a 24-hour period suggests. Let's break down data from current indicators.

A total of 1.5 thousand transactions were made with Dogecoin in the last 24 hours. While on June 7, 2024, there were 1.89 thousand transactions, and on June 9, 2024, there were only 1.18 thousand transactions. Dogecoin transactions are gaining interest and participation, as evidenced by this high level of activity. The market as a whole is changing at the same time as the peak on June 7, possibly due to significant news or investor activity.

A total of 9.29 billion DOGE transactions were made in the last 24 hours. The seven- day high of 27.78 billion DOGE on June 7, 2024, and the seven-day low of 6,84 billion DOGE on June 9, 2024, are different from this number. The robust market dynamics are shown by the substantial volume. The critical drop from the seven-day high probably shows benefit taking or rearrangement among wallets, reflecting regular market cycles.

Notable was also the large volume of USD transactions. In the past 24 hours, $1.33 billion worth of DOGE was associated with enormous exchanges. On June 7, 2024, the seven-day high for major transactions was $4.2 billion, while the seven-day low was $1.01 billion on June 9, 2024.

These high level exchanges imply that large players are actively exchanging DOGE, adding to liquidity and market depth. The peak on June 7 further emphasizes a period of intense trading, likely fueled by strategic moves from large institutions, or investors.

Examining these patterns, obviously Dogecoin remains in a dynamic exchanging climate, without facing a stalemate. Both retail and institutional investors are active, as shown by the net high volume and significant size of their transactions.

Toncoin (TON) Prepares for 40% Rally, Says Top Analyst.

In a recent tweet, renowned crypto analyst Ali Martinez ignited excitement within the cryptocurrency community by predicting a significant rally for Toncoin (TON). According to Martinez, Toncoin is on the brink of a potential 40% breakout, with the cryptocurrency aiming to reach $11. However, he cautions that the TD Sequential indicator suggests TON might briefly dip to $7.2 to gather liquidity before the anticipated upswing.

At the time of writing, Toncoin is priced at $7.56, reflecting a 6.50% increase in the past 24 hours. This surge in value has been accompanied by a dramatic rise in trading activity. The 24-hour trading volume for TON has escalated by an impressive 121.91%, currently standing at $518,927,223. This heightened activity signals growing interest and confidence in Toncoin among traders.

Analyst's perspective.

Ali Martinez's prediction is rooted in
technical analysis, particularly the TD
Sequential indicator. This tool, widely used
by traders, helps identify potential reversal points on the market. According to
Martinez, the indicator suggests that
Toncoin may experience a temporary dip to
$7.2. This dip is seen as a necessary step
for the cryptocurrency to gather liquidity,
setting the stage for a subsequent rally
toward the $11 mark.

The crypto market has been closely monitoring TON, especially given its recent performance and the bullish outlook shared by analysts like Martinez. The anticipated price dip to $7.2 is not seen as a negative signal but rather a strategic move to consolidate and gather momentum for a more robust surge. Martinez's bullish outlook on Toncoin aligns with the broader positive sentiment on the market.

Solana (SOL) Might Skyrocket 53% If This Support Holds.

The total market capitalization of the cryptocurrency space is now at a staggering $2.45 trillion, a 7.9% spike signaling a bullish rebound in digital assets. Unsurprisingly, altcoins are leveraging the bullish trend, particularly Solana (SOL), with its 1.4% surge, per data from CoinMarketCap.

Notably, the rebound is led by Bitcoin after several days of volatility. Solana, however, is keen to jump in on the rebound, with the noted surge of the asset. This could see SOL achieve unprecedented levels in the coming days.

Per Ali Martinez, a top market analyst, Solana is likely to print a notable 53% price shift from its current level. His projections stem from a likely breakout from its ascending triangle pattern. According to data from CoinMarketCap, the coin is currently trading at a price of $151.62.

Martinez urged investors and stakeholders alike to focus on the lower and upper resistance levels of $143 and $178, respectively. This will help prospective investors measure the direction of Solana even as an optimistic growth trajectory has been projected.

Factors driving Solana's performance.

Solana's performance in the altcoin ecosystem is hinged on several factors including a growing valuation, setting it as the sixth-largest digital currency in terms of market capitalization. Solana's Dogwifhat recently caught the attention of Tesla's CEO, Elon Musk, emphasizing its growing popularity overall.

Solana will be able to hit the price projections if buyers maintain the levels gained and the candle nudges close to the $178 mark. If this happens, Martinez's projection of $178 will be easily breached, and market performance will soar.

The performance in the coming days for Solana might prove some recent negative predictions made by industry stakeholders. The financial giant JPMorgan Chase has taken a pessimistic outlook on Solana and other altcoins. According to JPMorgan, there are doubts about the prospect for either Solana or other crypto ETFs.

MicroStrategy Announces Big New Debt Offering to Increase Its Bitcoin (BTC) Bet.

MicroStrategy business intelligence giant founded and run by Michael Saylor has announced yet another debt offering to raise funds by selling MSTR to investors. The goal is to raise a whopping $500 million.

Knowing the company's strategy focused on Bitcoin, the community expects this half a billion US dollars to be spent on another massive BTC chunk soon. The press release confirms these expectations by stating outright that the proceeds from the sale of these notes will be used for buying additional Bitcoin.

Another MicroStrategy's Bitcoin bet.

The X post announcing the new fund raising round through selling convertible senior notes was published by Michael Saylor today.

The press release stated that the company intends to offer $500 million convertible senior notes due 2032 in a private offering to institutional buyers under the Securities Act of 1933.

The offering expects the purchases to make an option to buy these notes within two weeks, which will include the date on which these notes are first issued. Interest on those obligations will be paid on June 15 and December 15 each year. According to the press release, MicroStrategy may redeem all or any portion of these senior notes for cash.

The document also confirms that the raised $500 million will be used for purchasing more Bitcoin and also for general corporate purposes. As of May 1, the company already owns 214,400 BTC evaluated at $7.538 billion.

Another public company follows suit.

In March this year, MicroStrategy already made a similar security offering to raise $525 million to buy additional Bitcoin with.

earlier this week, news was spread about another public company beginning to stack Sats - a common expression within the crypto community meaning to buy and hodl BTC. Sat - from the Bitcoin creators name Satoshi - represents 0.00000001 Bitcoin.

This company is DeFi Technologies. Following the example of MicroStrategy, it has made its first Bitcoin purchase, adding 110 BTC to its Bitcoin Treasury.

Famous Billionaire Praises Solana (SOL) and Memecoins!

A new post about memecoins came from Galaxy Digital CEO Michael Novogratz, known for his plan support for Bitcoin (BTC) and cryptocurrencies.

Reiterating his support for memecoins from account X, Mike Novogratz described memecoins as the "cornerstone" of the cryptocurrency industry.

"Love it or hate it, memecoins have become the cornerstone of the crypto economy.

Some developers in the blockchain ecosystem believe that memecoins overshadow their serious work and damage the crypto's overall brand and image.

However, due to their viral nature and relatability, memecoins have proliferated and achieved significant value in the broader crypto market.

We estimate that the total market cap of memecoins today is more than $60 billion. "

Solana (SOL) Based
Memecoins!

Stating that memecoins are one of the most powerful assets in today's market, the famous CEO argued that Solana will be the primary blockchain for memecoins in 2024.

Novogratz noted that Solana's low-fee environment and transaction confirmation speed lower barriers and create a unique environment for users looking to create and trade memecoins.

"Solana is clearly ahead in the number of memecoins. The top Solana memecoins by market cap averaged between $91 million and $109 million in on-chain transaction volume over the last 30 days.

Bonk and WIF, the two largest Solana memecoins by market cap, averaged 59% of volume during this period."

Finally, while Novogratz praised SOL- based memecoins, he stated that there are also more established memecoins in the market such as Dogecoin (DOGE) and Shiba Inu (SHIB).

Shiba Inu (SHIB) Might Reverse in Next 3 Days: Here's Why.

Shiba Inu is on the verge of hitting a crucial price threshold; the 200 EMA is expected to become the main support level for the asset in a bullish mode. However, the break below it will most certainly cause serious issues, pushing Shiba Inu into the void and potentially triggering the death cross.

Currently exchanging at around
$0.00002169, Shiba Inu has been
attempting to keep up, with its placement
above key support levels. The crucial level to keep an eye on is the black line that
represents the 200-day Exponential
Moving Average. A significant reversal may occur for SHIB if it can maintain its footing above this level. However, if this support is not maintained, further declines and a
bearish trend could occur.

Traders are keeping a close eye on indicators like the 50-day EMA and the 100-day EMA. The 50-day EMA is giving indications of uniting with the 200-day EMA. A death cross, a bearish technical pattern indicating potential future declines, could occur if these lines cross. However, there is always a chance for SHIB to bounce back from the 200-day EMA, preventing this negative situation.

The sentiment of the market as a whole and the volume of trading are additional considerations. The decrease in trading volume proposes an absence of solid purchasing interest, which is fundamental at any reversal. The RSI at the lower part of the graph shows that SHIB is drawing closer to the oversold domain, which could demonstrate the potential for purchasing interest.

A few potential causes could drive SHIB's price upwards. A price reversal could be caused by positive news or developments in the Shiba Inu ecosystem, as always, the market recovery or increased interest from institutional investors.

Peter Brandt Reveals Key Strategy in Unstable Crypto Market: Details.

Amid whipsaw trading action on the cryptocurrency and financial markets, veteran trader Peter Brandt has emerged with a nugget of wisdom for those looking to navigate the current volatility.

Brandt, known for his deep insights and decades of experience trading, states a fundamental fact: making money in trading is relatively easy; the real challenge lies in keeping it.

Brandt's insight stems from years of experience in various financial markets, including the cryptocurrency market. He highlighted that the key to long-term success in trading is not merely about generating profits but about preserving those gains. According to Brandt, the realization of this principle marked an important point of maturity in his trading career.

The veteran trader pointed out that frequent drawdowns periods when various assets experience significant declines in value forced him to make the same profits repeatedly. This repetitive cycle of gaining and losing underscored the significance of capital preservation. For many traders, especially those new to the crypto market, these drawdowns can discourage and lead to a sense of chasing losses.

However, the ability to manage these periods without letting them erase hard- earned profits is what separates successful traders from the rest. Brandt's tip serves as a reminder that trading is not just about the thrill of making profits but also about the discipline required to protect it.

Brandt elucidates that after a profitable period, the priority should shift from aggressive trading to safeguarding the accumulated capital. This strategy is not about shying away from risk but managing it with increased caution.

Bitcoin briefly rose above $70,000 in Wednesday's trading session after the Federal Reserve left interest rates unchanged and signaled that only one cut is expected before the end of the year.

On Wednesday, the Fed maintained rates constant at 5.25%-5.50% and said it would decrease rates only once, later this year.

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XRP Ledger EVM Sidechain Receives Major Update From Ripple.

Ripple has issued a new update on one of the developer community's top requests: bringing Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger.

Ripple also revealed the official name of the highly awaited sidechain, which is "XRPL EVM Sidechain." The sidechain is expected to provide new opportunities for XRPL developers in decentralized finance (DeFi) and real-world asset (RWA) tokenization, hence encouraging innovation and expanding the network's value and reach.

Connecting the XRPL EVM Sidechain to the XRPL mainnet would require the use of a bridge, in which wrapped XRP (eXRP) acts as both the native asset and the gas token. This bridge allows for the easy movement of assets between XRPL and the EVM Sidechain, ensuring interoperability and quick transaction processing. It would also allow developers to take advantage of the strengths of both networks.

As the XRPL EVM Sidechain launch date approaches, the top priorities are to secure the mainnet bridge and to improve the user and developer experience so that bridging assets is a seamless procedure.

The XRPL EVM sidechain is also expected to launch, with Axelar serving as the exclusive bridge to source the sidechain's native gas token (eXRP) from XRPL. Axelar can also be used to connect other fungible tokens to and from the XRPL mainnet, as well as more than 55 blockchains in the Axelar ecosystem.

Way forward for XLS-38 amendment.

Ripple noted that the current method of transferring new tokens via XLS-38 was "arduous." Using two distinct bridges XLS-38 for XRP and Axelar for other tokens to execute cross-chain smart contracts complicates the user experience. Consolidating into a single bridge is expected to simplify the procedure, hence the use of Axelar as an exclusive bridge.

XLS-38 lays the groundwork for XRPL developers looking to create custom sidechains.

This Ethereum (ETH) Move Was Unexpected.

Ethereum was gaining traction on the market, but that severe and continuous consolidation that led to essentially nothing and just dragged ETH to around $3,800 was a crucial signal that was a hint at the future performance of the asset.

The price action of ETH has taken many
traders by surprise despite its earlier
strong momentum. Ethereum went through a phase of consolidation after
encountering resistance at roughly $3,800.
This sideways movement, which frequently
portends market indecision here,
portended the most recent decline that we
have seen.

Ethereum experienced a significant decline in the last few days, reaching levels close to $3,500. The market had been feeling pretty bullish overall, so many people were taken aback by this abrupt decline. There could be a number of reasons behind this sudden action. First, problems with liquidity may be quite important.

Low liquidity can result in more pronounced price swings, as we have seen with different trading pairs on platforms such as Binance. In the case of Ethereum the recent decline may have been caused by an abrupt decrease in buying pressure, which would have made it simpler for sellers to drive the price lower. Macroeconomic variables also always come into play, as does investor sentiment.

Technical indicators indicate that ETH was heavily sold off in a short period of time. The Relative Strength Index (RSI) recently dipped into oversold territory. If buyers reenter the market, this can suggest the possibility of a rebound. Moving Averages (MAs) also exhibit a troubling pattern: shorter-term MAs cross below longer-term MAs, which is usually a sign of bearishness.