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.

$1 Billion in Bitcoin (BTC) Disappear.

Enormous volumes of BTC are being withdrawn from exchanges as the first cryptocurrency is being slowly moved to self-custody. The tendency raises questions, and, usually, the growth of scarcity on exchanges leads to price growth, but that is not the case now.

Traditionally, significant withdrawals have been seen as a bullish sign suggesting that investors are choosing to hold their money in personal wallets as opposed to storing it on exchanges for quick trading.

This usually lowers the amount of stock on exchanges, which could raise prices because of greater scarcity. Still the price of Bitcoin has not increased as anticipated, even with the significant volume of withdrawals. This oddity implies that there are currently other market forces affecting the dynamics of BTC prices.

Macroeconomic conditions impacting the cryptocurrency market as a whole have led to cautious sentiment, which could be one explanation. The actions of institutional investors are another thing to take into account. These organizations now handle their cryptocurrency holdings in a different way.

Institutions may be shifting their assets off exchanges for compliance and increased security purposes rather than getting ready to sell, as more advanced custody solutions become available. This trend is consistent with the wider adoption of decentralized financial practices and the shift toward self-custody. Furthermore, the data indicates a drop in Bitcoin reserves on exchanges during the previous month.

This trend may be part of a larger plan by long-term investors, or whales, to reduce the size of their holdings in anticipation of future market movements. Though it does not always result in price increases right away, this withdrawal activity may indicate confidence in Bitcoin's long-term value.

The charts show that although there have been occasional swings in price, Bitcoin's exchange reserves have been steadily dropping. According to this pattern, the market is presently consolidating, with neither bulls nor bears clearly in the lead.

Shiba Inu Whale Activity Skyrockets by 170% to Uphold 39 Trillion SHIB.

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a whopping 170% in large transaction volume, an indicator that denotes whale activity.

Into TheBlock classifies as large transactions those where an amount greater than $100,000 was transferred. In this case, the Large Transactions Volume indicator estimates the aggregate amount in crypto terms transferred in such transactions.

That said, spikes in large transaction volume point to high activity among institutional players either buying or selling.

According to Into TheBlock data, Shiba Inu's large transaction volume is up 170.84% in the last 24 hours, coming in at $467.2 million, or 21.62 trillion SHIB.

The recent 170% spike in whale transactions involving SHIB suggests that large players might be actively participating in the defense of a 39 trillion SHIB price range. According to Into TheBlock data, 39.68 trillion SHIB is being held in the range of $0.000021 and $0.000022 by 41,640 addresses.

As the market's whales, or large holders, intensify their activity, it might seem that there is a concerted effort to maintain the value of Shiba Inu at this pivotal level. The 39 trillion SHIB mark has become a battleground where bulls are not just passively hoping for stability but are actively working to ensure it.

Successfully defending the support level could pave the way for a price rebound. If the 39 trillion SHIB level holds, it may attract more buyers, leading to upward price momentum.

Bitcoin dipped on Tuesday, falling to lows near $66,000 before slightly recovering. Shiba Inu also nursed losses, down 1.21% in the last 24 hours to $0.0000219.

Global markets are on edge ahead of a Federal Reserve interest-rate decision and key U.S. inflation figures. Crypto investors are particularly alert for potential volatility. In this light, eyes are on Shiba Inu's price to adjust its next move.

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Pepe (PEPE) Skyrockets 20% in Crucial Metric as Price Surges.

Pepe (PEPE) has experienced a major boost in both trading volume and open interest, signaling heightened investor interest and market activity. CoinGlass data reveals that PEPE's trading volume surged by an impressive 20.78% over the past 24 hours, bringing the total to $1.65 billion. This surge is primarily driven by trading on major exchanges, with OKX contributing $915.38 million and Bitget adding $618.01 million to the volume.

In addition to the spike in trading volume, open interest in the meme coin has also seen a notable increase. The data reveals a 4.06% rise in open interest, now standing at $140.63 million. Open interest measures the total number of outstanding derivatives contracts, such as futures and options, and its increase often signifies growing market speculation and participation.

Pepe defies broader market trends.

This surge in critical metrics comes as
PEPE's price is also experiencing a bullish
trend. Currently, PEPE is trading at
$0.00001314, marking a 6.47% increase in
the last 24 hours. Over the past 30 days,
PEPE's price has skyrocketed by 51.28%, reflecting a robust bullish run. What makes
PEPE's recent performance even more notable is its defiance of the broader market trend.

In recent days, the cryptocurrency market has faced downward pressure in anticipation of the Consumer Price Index (CPI) report and the Federal Reserve meeting. Despite this overall bearish sentiment, the meme coin has managed to carve out a positive trajectory, attracting significant investor attention and capital. Market analysts suggest that Pepe's rally could be attributed to several factors.

This includes increased speculative trading, heightened community engagement and possibly strategic buying ahead of anticipated market movements. The sharp rise in trading volume and open interest indicates that traders are actively positioning themselves on the PEPE coin market, betting on continued price appreciation.

#TopCoinsJune2024

Binance Coin (BNB) Price Prediction for June 12.

BNB/USD.

The price of Binance Coin (BNB) has declined by 0.26% over the last 24 hours.

On the hourly chart, the rate of BNB has broken the local resistance level of $611.6. If buyers can hold the initiative until the end of the day, a bounce back may continue to the $620-$630 zone.

On the bigger time frame, the price of BNB has made a false breakout of yesterday's low. However, it is too early to think about a trend reversal as not enough energy has been accumulated yet.

In this case, sideways trading in the area of
$600-$630 is the more likely scenario.

From the midterm point of view, the rate of BNB is far from key levels. At the moment, one should pay attention to the $600 mark. If it breaks out, the correction may lead to the test of the $550 range.

BNB is trading at $613.44 at press time.

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Notcoin (NOT) Price Prediction for June 12.

NOT/USD.

The rate of Notcoin (NOT) has risen by 2% since yesterday.

On the hourly chart, the price of NOT is near the resistance of $0.0166. If it breaks out, there is a chance to see a test of the $0.017 zone shortly.

On the daily time frame, bears are still more powerful than bulls. The rate of NOT has bounced off the support of $0.01526.

But if the price comes back to it, the strength might be enough for a dump to the $0.0.13 range. Such a scenario is relevant until the end of the week.

On the weekly chart, there are not so many levels yet. In this case, one should focus on the last candle low. If the current bar closes below it, the correction may continue to the $0.012-$0.014 zone.

NOT is trading at $0.01643 at press time.

Shiba Inu (SHIB) Holders Receive Critical Telegram Warning, Here's Why.

The Shiba Inu community has been alerted to a growing threat posed by scammers and impersonators on Telegram. These malicious actors are creating fake accounts to mislead SHIB holders, hence, the community is urged to stay vigilant and adhere to official communication channels to avoid falling victim to these scams.

Scammers have increasingly targeted the Shiba Inu community, exploiting the popularity of SHIB to deceive users. These impersonators often create accounts that closely mimic those of official team members or trusted community figures.

In this regard, ShibArmy Scam Alerts, a Shiba Inu-focused X handle dedicated to exposing scams has issued a crucial warning to the Shiba Inu community about Fake Telegram accounts.

These impersonators or scammers often create accounts to provide misleading information to create doubt, misdirect to fake websites, request funds from users for an emergency or even obtain personal details that can be utilized maliciously.

"Shibarmy Scam Alerts" flags one such account that impersonated Digarch SHIB, a prominent Shiba Inu community member on Telegram.

In this light, Shiba Inu holders are urged to exercise caution and verify the authenticity of the people they connect with online. The Shiba Inu team has frequently emphasized the importance of relying on official communication channels for any information or updates. It is also crucial to understand that no official representative from the Shiba Inu team will ever reach out via private messages to request wallet synchronization or personal information.

The Shiba Inu community is also encouraged to report any suspicious activity and share their experiences to help others avoid falling prey to these scams. Prompt reporting can help in taking swift action against scammers and protecting the broader community.

Dogecoin Founder Reveals How Elon Musk's Wealth Could Surge by Billions.

Billy Markus, known as Shibetoshi Nakamoto on Twitter/X, the co-creator of Dogecoin, has shared his take on the recent issue that Elon Musk has bumped into with his Tesla compensation package.

Markus sided with Musk, believing that the tech entrepreneur should receive this money a whopping $56 billion - compensation for bringing Tesla to the current level of profitability.

Elon Musk's $56
billion compensation up in air.

Following several major figures on X recently, Billy Markus tweeted that Elon Musk should be allowed to receive the $56 billion compensation package that Tesla shareholders agreed to in 2018, provided that Musk brings the company's market capitalization to at least $650 billion within the next 10 years.

Now, as more than five years have passed since then, Tesla's market value already stands at $571.6 billion. With this in mind, Tesla has urged its shareholders to reaffirm the compensation package for Elon Musk.

However, Glass Lewis, a major American proxy advisory services company, advised the company's shareholders in May to reject this compensation plan for the CEO, referring to its enormous size. The eighth biggest shareholder, Norges Bank Investment Management (NBIM), has stated that it will vote against the payout. It stated that despite Musk's leadership helping to generate significant value for Tesla, it finds the bonus too large.

In late January, a Delaware judge voided the decision to pay $56 billion to Musk in the future. Now, this week, Tesla shareholders will have another vote on whether to approve this compensation package or not – in 2018, Musk committed to working for Tesla without any salary or stocks transferring into his ownership, but he agreed to receive $56 billion in 10 years should they raise the company's market value significantly.

Shiba Inu Exec Teases Guide on How to Deal With Bearish Days.

Bearish days are some of the most troubling times in the digital currency ecosystem, and investors tend to lose faith during this period. Drawing on this, Shiba Inu Marketing Lead Lucie has shared some unique things community members can do to weather the current bearish storm.

Bear market to-do list.

It is worth noting that bearish market days are often characterized by elongated days, wherein Shiba Inu ends the trading day down on the negative. At the time of writing, Shiba Inu has slumped by 0.34% in 24 hours and by more than 15% over the past week.

According to Lucie, it is best for longer- term investors to stay away from the market. While away, the SHIB publicist said investors can try to focus on long-term goals. As a community, Shiba Inu's long- term goal is to hit the one-cent price mark. To achieve this, a lot of SHIB needs to go off circulation through burning, with enough use cases added to the market.

Lucie also emphasized the need to educate oneself to get through the bear market. The executive advocated limiting social media exposure where fear, uncertainty and doubt (FUD) spread, while also pushing for portfolio diversification. Another intention is to stay connected with positive communities while practicing discipline.

When needed, Lucie noted that taking breaks is important, with users likely to do better when they reflect on past market cycles.

Brighter days triggered.

As a financial market product, it is unlikely that Shiba Inu will stay down forever. With its strong correlation with Bitcoin (BTC), it is also likely to follow any bullish recovery the premier coin might see moving forward.

Shibarium, the project's Ethereum-based layer-2 scaling solution also serves as a major catalyst to watch as Shiba Inu plots a pathway to recovery.

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ArbitrumDAO Discusses Reputation NFTs, Here Are Criteria.

A new proposal has already raised much controversy in the cryptocurrency community. Crypto Twitter is discussing whether Arbitrum's (ARB) Reputation NFTs can be used for claiming retroactive airdrops in the future.

ArbitrumDAO introduces Reputation NFTs: Here's how they work.

The Reputation NFT system might go live on Arbitrum (ARB) soon, as TogetherCrew analysts received a corresponding grant from ArbitrumDAO. This statement was shared on Arbitrum's main community forum by Daniel Ospina of RnDAO.

Incubated by RnDAO, TogetherCrew is going to build a system that measures and verifies the real social media activity of this or that Arbitrum (ARB) enthusiast.

The Reputation NFTs will be created by contributors minting (for free) a nontransferable NFT via the TogetherCrew UI.

The algorithm will analyze conversations and map social graphs. They, in turn, will be used to calculate how much context someone has on the community. This is a Sybil-resistant approach that can be used for rewards, as a portable credential (proof of membership/participation), etc.

The grant request mentioned Discord, Discourse, Telegram and Github as potential platforms to be analyzed by the mechanism, while the exact list of social media platforms eligible is yet to be disclosed.

$210,000,000: Arbitrum (ARB) launches massive Gaming Catalyst Program.

While the project is fully funded through grants, the exact timeline of its activation has not been unveiled yet. The platform behind Arbitrum's Reputation NFTs already created those systems for Aave and other actors on the crypto market.

Yesterday, the Arbitrum (ARB) community greenlit the launch of a massive gaming- centric initiative. The project transferred 225 million ARB tokens to the newly launched Gaming Catalyst Program (GCP).

The program is focused on "immediate" adoption of Arbitrum (ARB), its L3 development framework Orbit and language-agnostic SDK Stylus in the segments of Play-to-Earn and GameFi.

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Uniswap Acquires Major Crypto Gaming Title.

Crypto: The Game's recent season 2,
"Anon Island," was played by over 800
crypto enthusiasts across the globe, while
the net prize pool exceeded $281,000. The game was widely discussed on Crypto
Twitter and includes various engaging in-
app mechanics.

Crypto: The Game acquired by Uniswap Labs.

According to the official statement by Uniswap Labs, it has acquired Crypto: The Game, an interactive online survival game with integrated cryptocurrency mechanics. The exact sum of the deal has not yet been disclosed by the two parties as of June 11, 2024.

Within the framework of the acquisition process, all members of the CTG team will join Uniswap Labs to continue their work on the highly anticipated season 3.

Also, Uniswap and Crypto: The Game contributors will experiment with on-chain activations for the Uniswap community.

Uniswap founder Hayden Adams is excited by the opportunities unlocked by the acquisition and highlights that this step is a natural one for Uniswap's expansion strategy:

If we want to bring the world onchain, we need more engaging onchain experiences. I'm incredibly excited to welcome the CTG team to Uniswap. As part of the team, they'll continue their work on Season 3 and also cook up onchain experiments for Uniswap users.

Uniswap, the largest multi-chain decentralized crypto exchanges for EVM, accomplished the 3.2 million user milestone last April.

Season 3 to be released with novel on-chain features.

These users are employing Uniswap's interface for on-chain trading on Ethereum, Arbitrum, Celo, BNB Smart Chain, Base, Polygon and Avalanche.

Uniswap representatives stressed that operational workflow for Crypto: The Game wll remain untouched, while new themes, twists and on-chain features will be activated in the coming season 3.

In previous seasons, contestants bought in with 0.1 ETH, joined tribes, participated in daily challenges and voted each other out over 10-day seasons until one person won the entire prize pool.

#TopCoinsJune2024

Dogwifhat (WIF) Skyrockets 103% in Volume - What's Happening?

Dogwifhat (WIF), a meme coin based on the Solana blockchain, has captured the attention of traders with a remarkable surge in trading volume. According to the I atest data from CoinGlass, WIF's trading volume has skyrocketed by 103.44% in the last 24 hours, now standing at an impressive $1.05 billion. This surge is notable across multiple exchanges, with Binance contributing $565.85 million, Bybit $213.27 million and OKX $134.89 million.

Despite the surge in trading volume, the price of WIF has experienced a slight decline. As of the latest data, WIF is priced at $2.68, marking a 1.82% decrease over the past 24 hours. This price dip occurs against a backdrop of broader market bearishness, driven by anticipation of the Federal Reserve's policy decision and forthcoming consumer price inflation data.

The increased trading volume, however, indicates strong interest and bullish sentiment among traders toward WIF. This trend is particularly significant given the current bearish environment on the wider cryptocurrency market. The surge in volume suggests that traders are actively buying and selling WIF, possibly positioning themselves for potential future gains.

Neutral market sentiment.

On the technical front, WIF's Relative Strength Index (RSI) stands at 40.70. The RSI is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions on a market. An RSI below 30 is generally considered oversold, while an RSI above 70 is considered overbought. With WIF's RSI at 40.70, it suggests that the token is neither overbought nor oversold, indicating a relatively balanced trading environment.

Meanwhile, several factors may be contributing to the significant increase in WIF's trading volume. As a Solana meme coin, WIF likely attracts speculative traders looking to capitalize on short-term price movements. The high volatility associated with meme coins can lead to substantial trading volumes as traders seek quick profits.

XRP Price Prediction for June 11.

XRP/USD.

The rate of XRP has declined by almost 2% since yesterday.

Even though the trend is bearish, the price of XRP has made a false brekaout of the local support level of $0.4793. If the daily bar closes far from it, there is a chance to see a test of the resistance by tomorrow.

On the bigger time frame, the rate of XRP keeps going down after yesterday's bearish closure. If the bar closes near $0.48 or below it, the decline is likely to continue to the $0.46 zone.

From the midterm point of view, the picture is quite similar. The price has once again failed to fix above the vital zone of $0.50. If buyers cannot seize the initiative by the end of the week, one can expect a test of the resistance of $0.4309 soon.

XRP is trading at $0.4831 at press time.

#TopCoinsJune2024