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Top 10 blockchains by average daily active users in 7 days 📊 1. Tron - 1.66 million addresses. 2. BNB Chain - 1.13 million 3. Bitcoin - 659 thousand. A closes the Near trend, which is in last place 🥲

Top 10 blockchains by average daily active users in 7 days 📊

1. Tron - 1.66 million addresses.

2. BNB Chain - 1.13 million

3. Bitcoin - 659 thousand.

A closes the Near trend, which is in last place 🥲

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Bitcoin Economist Reveals Year-End Forecast for BTC Price Economist Timothy Peterson suggested in a recent analysis that Bitcoin's difficulty growth rate points to a potential increase in BTC price to $100,000 by the end of the year. Bitcoin's difficulty rating, a measure of how difficult it is to mine a new block on the blockchain, is adjusted every two weeks to ensure blocks are added approximately every 10 minutes. While this metric increases with more miners and computing power, it decreases when miners leave. Bitcoin's decentralized nature and automatic, transparent difficulty adjustments prevent any entity from manipulating it. According to Peterson, Bitcoin's difficulty is closely related to its price. As difficulty increases, the energy cost per Bitcoin mined also increases, forcing miners to balance electricity and hardware expenses against potential rewards. High Bitcoin prices make these costs reasonable, making mining profitable even as the difficulty increases. Conversely, a price drop may force some miners to exit, reducing computational power and difficulty. According to Peterson, there is a feedback loop between Bitcoin price and difficulty. Higher prices increase difficulty by attracting more miners, which can support higher prices. Conversely, higher difficulty and associated costs drive miners to increase efficiency and support higher prices as the network becomes stronger. The market strives for an equilibrium where energy costs are balanced by the price of Bitcoin. Given these dynamics and current trends, Peterson predicts a reasonable year-end range for Bitcoin price will be $60,000 to $90,000. A high difficulty level indicates robust network security that supports higher prices, while energy costs also provide a price floor. However, the potential for increased adoption and positive market sentiment could push the price even higher, towards $100,000. $BTC #BTC #Bitcoin
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⚠️ Shiba Inu Community Targeted By Wallet Scam, Don’t Fall Victim The Shiba Inu team has cautioned against a new scam attack targeting community members. These malicious attackers have executed a sophisticated wallet scam that threatens to drain the funds of unsuspecting SHIB investors.    🔸 New Scam Attack Targets SHIB Investors Shibarmy Scam Alerts, an X (formerly account dedicated to exposing scams within the SHIB community, has issued an urgent warning about a new wallet scam targeting SHIB token holders. On June 8, the scam tracker disclosed that a new wave of fraudulent websites is spreading across the crypto space. Most of these malicious sites are typically distributed within different social media platforms such as X, discord, TG and more.  According to Shibarmy Scam Alerts, these scam sites pose a significant risk to their investors and users, aiming to trick community members into compromising their wallets by using fake wallet connection tools. These malicious attackers lure unsuspecting Shiba Inu investors by claiming that they need to connect their wallet accounts to collect rewards or resolve technical issues involved with liquidity pools.  The wallet connection tools also deceive SHIB holders into thinking that connecting their wallets via certain links is necessary for syncing with the Shiba Inu network. It’s important to note that these claims are entirely false and intended to steal users’ assets by jeopardizing their crypto wallet security. The Shiba Inu community is one of the many cryptocurrency communities that are facing major challenges with scam attacks. The team has stayed dedicated to informing its investors and users of these scam attacks to protect them from financial loss and privacy risks.  Just a few days ago, Shibarmy Scam Alerts disclosed malicious scammers impersonating official Shiba ecosystem accounts via fake Telegram accounts. The scam tracker also unveiled other attacks involving fake airdrops, fraudulent Shib reward distribution programs and multiple impersonators.  $SHIB #SHIB
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🤯 Litecoin Faces Significant Selling Pressure In the past three weeks, the cryptocurrency market has experienced decreased volatility, with Bitcoin (BTC) maintaining a price around $70,000. This period of uncertainty has led to a sideways trend in many major altcoins. However, Litecoin has been subjected to increased selling pressure. 🔸 Critical Formation in #Litecoin After hitting a recent peak of $89.6, Litecoin’s price saw a decline of 11.78%, settling at $79. If the broader market continues its consolidation phase, this correction might deepen. The medium-term trend for Litecoin suggests a bullish trend, supported by an ascending trend line on the daily chart. This dynamic support, which aids buyers in higher low formations. This pattern could signify a sustainable uptrend. Currently, Litecoin is trading at $79.57, seeking support at the ascending trend line. The long-tailed rejection candle at this line could suggest ongoing buying activity, hinting at a potential buyer counterattack. 🔸 Expert Commentary on #LTC Recent insights from Trader Kamikaze have shed light on significant movements in Litecoin’s market. According to data from IntoTheBlock, approximately 432,070 addresses accumulated 6.67 million LTC at an average price of $82, with purchases ranging between $81 and $83. This level of accumulation could indicate substantial investment interest. Analyst Kamikaze suggests that if LTC prices return to this range, some investors might sell up to their breakeven point, potentially creating selling pressure. Consequently, consolidation below $82 is anticipated this week. 🔸 User-Usable Inferences – **Price Range Sensitivity:** Investors should monitor LTC price movements closely if it approaches the $81-$83 range, as this could trigger significant selling pressure. – **Support Levels:** The ascending trend line on the daily chart is a critical support indicator for potential buy signals. – **Resistance Monitoring:** Resistance at $88.7 has been strong $LTC
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📊 Chainlink Faces Critical Support Levels Last Friday, Chainlink (#LINK ) experienced a significant 13% correction that resulted in the cryptocurrency breaking key support levels, causing concern among analysts and investors. As Bitcoin grapples with prices below $70,000, market observers are keenly watching LINK’s technical indicators to understand the next potential moves. 🔸 What Are Technical Indicators Suggesting? LINK’s price has entered a downtrend, breaking significant support at $17.40, which corresponds to the 100 EMA on the 4-hour chart. The volume profile currently peaks at $16.70. Despite entering the bullish zone at the 200 EMA on the 4-hour chart, the $16.70 and $18.00 levels pose strong resistance. Experts point to $15.60 and $14.30 as crucial support levels during this downward trajectory. According to technical analysis, these support levels align with the Ichimoku Cloud’s significant flat lines on the 4-hour timeframe, indicating potential support zones. On a daily scale, the entry into the Ichimoku Cloud might signal a bearish trend, further supported by a relative strength index (RSI) drop from 70 to 43. 🔸 Where Does LINK Stand Now? LINK’s current positioning finds strong support at the 200-day exponential moving average (EMA). Should the price touch the lower boundary of the Ichimoku Cloud on the daily timeframe, approximately at $14.30, it would indicate a critical support point. Breaching this level and falling past the $15.60 support could herald a very bearish trend for the cryptocurrency. 🔸 Key Takeaways: ● A break below $14.30 could signify a continued downtrend. ● Resistance levels of $16.30-$16.50 are crucial for a potential bullish reversal. ● The RSI dropping to 43 indicates weakening buying momentum. If LINK surpasses the $16.30-$16.50 range, it could signal an optimistic technical outlook, possibly pushing the cryptocurrency above the Ichimoku Cloud, indicating a medium-term bullish trend $LINK #Chainlink
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🚀 Top Memecoins for Huge Gains This Summer This summer could bring a surprising upswing in certain memecoins. With the bull run of 2024 already making its mark, the potential for huge gains is on the horizon. These memecoins are worth watching closely as they might offer impressive returns. Dive into the trends and see which tokens could be the next big hit. 🔸 Dogwifhat (WIF) Price Overview and Prediction The current price range for Dogwifhat (WIF) is between $2.34 and $3.40. The coin has seen a one-week price decline of 15.29% and a one-month drop of 8.97%, but it has surged by 109.73% over the past six months. It is currently below the 10-day simple moving average of $2.74 and the 100-day simple moving average of $2.95. The RSI sits at 45.15, indicating neutral conditions, while the MACD level at -0.011 and the stochastic at 13.08 reflect a corrective move. The nearest support is at $1.91, with resistance at $4.02. 🔸 Notcoin (NOT) Price Overview: Impulsive Moves Ahead? The current price of Notcoin (NOT) ranges from $0.015 to $0.026. Over the past month and six months, it has seen a significant rise of 836%. However, in the last week, there’s been a drop of 18.83%. The RSI is 46.99, indicating it’s not overbought or oversold. With a stochastic of 20.84 and MACD at -0.000, the price appears to be in an impulsive phase. The nearest resistance is $0.033, while support stands at $0.010. 🔸 Pepe (PEPE) Crypto Price Overview Pepe (PEPE) is currently trading between $0.000011 and $0.000015. The nearest resistance level stands at $0.000017, while the support level is at $0.000009. Over the past week, PEPE has seen a price drop of 14.71%. However, its one-month change shows a significant rise of 48.22%. With a six-month increase of 791.84%, PEPE has shown substantial long-term growth. The current indicators suggest PEPE is in a corrective move. $WIF $NOT $PEPE #WIF #NOT #PEPE
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