Today, Pendle’s price surged, outperforming many other cryptocurrencies, a notable feat amid the struggles of other altcoins. This jump was significantly influenced by comments made by Arthur Hayes.
Today, Pendle (PENDLE) stood out in the crypto market with its double-digit price gains, making it one of the top performers of the day. While Bitcoin’s bullish trend influenced the overall market sentiment, other altcoins didn’t see as significant increases as Pendle did. Arthur Hayes’ remarks are believed to have contributed significantly to Pendle’s price surge.

Arthur Hayes’ Optimistic Remarks Boost Pendle’s Price
BitMex co-founder Arthur Hayes recently lauded Pendle at Token 2049 in Dubai, attributing to a surge in its price amidst struggles faced by most altcoins. Hayes expressed his optimism about Pendle’s potential, dubbing it as the most significant decentralized derivatives exchange.

Trading View
During a conversation with Ran Neuner, founder of Crypto Banter, Hayes highlighted Pendle’s mechanism for trading interest rates, which he believes will revolutionize the market. He sees interest rate trading as the next frontier in market development and foresees Pendle playing a pivotal role in this evolution.
According to Hayes, Pendle’s interest rate trading functionality will enable investors to engage in borrowing or lending activities at fixed rates, thereby mitigating risks and fostering a stable economy within the crypto sphere.
Arthur Hayes’ Insights and Predictions from Token 2049
During the Token 2049 event in Singapore, Arthur Hayes made several predictions that are now materializing in the cryptocurrency market. Among these predictions were rises for Bitcoin, AI-focused cryptocurrencies, and Filecoin.
Pendle, a protocol enabling the tokenization and trading of future yields, was highlighted by Hayes for its potential to provide users with increased control over future returns. This protocol offers users options and opportunities in navigating the crypto landscape.
Hayes also expressed optimism about Ethena (ENA), a newly launched cryptocurrency, suggesting it could eventually surpass Tether in terms of market dominance. He emphasized the importance of meme coins, noting their role in bringing real economic activity to the blockchain.
Furthermore, Hayes discussed the cultural significance of BRC-20 and Ordinals tokens, drawing parallels between the cultural impact of memes on Solana and the emerging culture around Bitcoin. He specifically mentioned Wizards, a meme coin within the BRC-20 standard, as an example of this cultural phenomenon.
As of the latest update, Pendle is trading at $6.40, holding the 63rd position in the cryptocurrency market, with a peak price of $7.53.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Pendle  #Altcoin  #Bitcoin  #CryptoNews $PENDLE

The price of Akash Network’s native cryptocurrency, AKT, soared by 45% in the last 24 hours, reaching $6 as of 4 a.m. EST. This surge was accompanied by a remarkable increase in trading volume, which rose by 2,043% to $84.9 million.
Initially, AKT surged by over 50% to $6.8. Notably, during this upward movement, the token successfully transformed its significant historical resistance level at $6 into a robust support level. Currently, this support level is preventing AKT from undergoing a correction.

Akash Network Price Surges Ahead of Akash Accelerate ‘24 Summit
The recent surge in Akash Network’s price follows the announcement of Akash Accelerate ‘24, the project’s inaugural full-day summit. Scheduled for May 28 in Austin, Texas, the event aims to unite the community with a diverse agenda featuring presentations and panels from leading figures in the Decentralized AI sector.
Get ready for Akash Accelerate '24.This will be the first full-day Akash summit, bringing the entire community together for a packed agenda of presentations and panels from the brightest minds in the Decentralized AI space.When: May 28th, 2024 (before @consensus2024)
Where:… pic.twitter.com/Uu05PYlgxu— Akash Network (@akashnet_) April 22, 2024

Beyond the upcoming summit, Akash Network has been bustling with activity in recent weeks. On March 18, the project made headlines by revealing that its native cryptocurrency, AKT, would commence trading on Coinbase.
Furthermore, just last week, Akash witnessed a significant milestone with the deployment of Llama 3 70B on its network. This deployment marked the introduction of what Akash describes as “the most capable openly available AI model” to its platform.
Akash Network Price Surge Sparks Uncertainty Amid Rapid Correction
The sudden price surge of Akash Network’s token, AKT, caught many by surprise as it soared from $4.0082 to $6.8203 in less than 30 minutes. However, this rapid ascent led to a subsequent correction, bringing AKT to a support level at $6. Traders are now closely monitoring technical indicators for insights into the token’s next moves.
One such indicator is the Relative Strength Index (RSI), which soared to 97.77, signaling deep overbought conditions—a rarity in the crypto industry. Currently, the RSI has retreated to 72.95, suggesting profit-taking among traders.

Akash-Network-Price-Prediction: Source – TradingVie
Meanwhile, the project’s Bollinger Bands remain notably wide, typically seen as a bullish sign. However, these bands may begin to narrow in the hours ahead.
Given the sharp surge followed by a swift correction, there’s a possibility that the AKT price could break its $6 support level, potentially dropping to $5 or even returning to its initial price of $4.
However, some traders may view this correction as a buying opportunity, potentially supporting the price above $6 or even driving it higher.
Amidst this uncertainty, caution is advised for those considering involvement with AKT. Extensive research and careful analysis are essential before making any investment decisions in this altcoin.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#AKT  #Altcoin  #Bitcoin  #CryptoNews #akash $BTC $ETH $SOL

Following the Bitcoin Halving, the cryptocurrency market has seen a surge in volatility, suggesting heightened activity among buyers and sellers. Amidst this, memecoins present a mixed sentiment, reflecting uncertainty regarding future price movements.
Dogecoin, the frontrunner in this category, is experiencing a downward trend, while Shiba Inu, the second-largest memecoin, has recently shown signs of a bullish trend in the 1D time frame. This has left investors pondering over which memecoin to prioritize for their investments this week.

Mixed Outlook for DOGE Price Amidst Market Volatility
Despite heightened market volatility, Dogecoin (DOGE) is exhibiting an inverted cup and handle pattern in the 1D time frame, signaling a bearish trajectory ahead. Over the past day, DOGE has experienced a 3.12% decline, with a 2.52% decrease over the last 30 days, indicating subdued buying and selling pressures.

TradingView: DOGE/USDT
Technical indicators, notably the Moving Average Convergence Divergence (MACD), depict a consistent downtrend, suggesting a potential bullish convergence in the week ahead. However, the Exponential Moving Averages (EMA) 50/200-day signals bearish price action, reflecting mixed sentiments prevailing in the cryptocurrency space.
To maintain bullish momentum, DOGE must hold above the support level of $0.155, with a potential upward movement to test resistance at $0.182. Conversely, bearish market conditions could drive the price downward towards the support level of $0.128 in the near future.
SHIB Price Analysis: Bullish Momentum Amidst Increased Market Hype
The Shiba Inu (SHIB) memecoin initially displayed a neutral trend in the first two months, signaling a slow start for this segment within the crypto market. However, as excitement around memecoins grew, SHIB experienced a breakout from its resistance level, witnessing a notable 3X surge within a short span.

TradingView: SHIB/USDT
Following rejection at the resistance level of $0.00003950, bullish momentum waned, leading to a breakdown of support levels. Subsequently, SHIB has been trading within the range of $0.000023 and $0.000030. Encouragingly, the EMA 50-day has emerged as a support level, indicating bullish potential within the crypto market.
Technical indicators, particularly the Moving Average Convergence Divergence (MACD), reveal a rising green histogram, suggesting increased buying pressure. Additionally, the MACD averages have recorded a bullish convergence, further supporting a positive outlook for the memecoin in the near term.
Should bullish momentum persist, SHIB price is poised to test its resistance level of $0.000030 in the current week. Conversely, a bearish reversal could lead to a price retracement towards the support level of $0.00002375.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Dogecoin  #ShibaInu  #Memecoin  #Altcoin  #CryptoNews $DOGE $SHIB $PEPE

Altcoins rely on sturdy treasuries for sustainability, and Cardano stands out with a treasury holding of over 1.5 billion ADA coins. The growth of this treasury is fueled by transaction fees and block rewards.
Altcoins manage their operations using treasury reserves, which are essential for their sustainability. These reserves cover various expenses such as grant programs, funding for developers, and other costs. Recent data indicates that the treasury of a well-known altcoin has reached an impressive $720 million.

Cardano’s Robust Treasury: Driving Ecosystem Growth
Cardano’s Treasury holds a significant portion of the circulating supply, totaling 1.5 billion ADA Coins, which represents over 4% of the overall supply. While currently valued at around $720 million, this amount is subject to fluctuations in value, potentially exceeding $1 billion. According to Dan Gambadello from Crypto Capital Venture, this treasury serves as the cornerstone of a self-sustaining ecosystem, fostering decentralized decision-making by ADA holders.
The growth of Cardano’s treasury is primarily attributed to network activity, with a portion of transaction fees and block rewards contributing to its expansion. The Cardano community actively participates in voting to allocate funds from the treasury to support various projects and initiatives aimed at enhancing the ecosystem.
Despite possessing smart contract capabilities, the Cardano network has yet to witness a proliferation of applications that attract a substantial user base. While initiatives like the native stablecoin DJED have been discussed, they have not achieved success in maintaining their peg or gaining significant market traction. Although DJED holds potential to impact ADA Coin prices, its performance has not met expectations, highlighting the need for further development and adoption on the Cardano network.

Analyzing ADA Coin’s Historical Performance
Ali Martinez delves into the historical performance of ADA Coin, suggesting a potential strong recovery phase based on current market conditions. While acknowledging that historical data does not guarantee future outcomes, Martinez points out that when Cardano’s MVRV Ratio previously dropped below -22%, ADA’s price surged by over 75%. With the ADA MVRV Ratio potentially approaching this threshold again, another significant recovery could be on the horizon.
Following the recent halving event, many cryptocurrencies, including ADA, are experiencing gains exceeding 5% as the market moves into Sunday. Bitcoin (BTC) has maintained a price level around $64,500 for several hours, indicating stability in the market amidst ongoing price fluctuations.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Cardano  #Bitcoin  #Altcoin #ADA $ADA

The Shiba Inu project team has raised $12 million in funding. They’re working on a layer 3 network with Zama’s homomorphic encryption tech, backed by $73 million.
The test version is set for release in Q3 2024, meeting regulations and prioritizing community security and privacy.

Shiba Inu’s Venture Funding Journey
Shiba Inu secured funding for its project by selling the TREAT token to venture investors. This funding milestone is crucial as the project sets out to develop a new blockchain with a focus on privacy. The blockchain will be built on top of Shibarium, a layer 2 solution created for Ethereum.
Lead developer Shytoshi Kusama highlighted the project’s dedication to privacy and innovation. While Kusama didn’t reveal the full list of investors, he mentioned that none of them are from the United States. He thanked the community for their support and pointed out the project’s diverse ecosystem, covering core technology, gaming, AI, metaverse, DeFi, self-sovereign identity, and encryption.
Kusama mentioned that the fundraising process started months ago and wrapped up in early April. The funding includes both pre- and seed rounds, indicating strong investor interest in Shiba Inu’s vision and technology. Interestingly, TREAT will be the final token in the project’s ecosystem, symbolizing a new phase of development and expansion.
Shiba Inu’s Funding Partnerships and Technological Milestones
Shiba Inu has recently secured funding from big names like Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Labs, Stake Capital, and Comma 3 Ventures. These partnerships show that major investors believe in Shiba Inu’s project and its potential for future growth and innovation.
In August 2023, Shiba Inu reached a major milestone by launching Shibarium, a layer 2 solution meant to make Ethereum transactions faster and cheaper. This was a big step in tackling Ethereum’s scalability issues.
Following the Shibarium launch, Shiba Inu quickly gained popularity, attracting over 100,000 active users in just a week. This growth continued, and by September 2023, the project had surpassed one million active users. These achievements highlight Shiba Inu’s strong technological base and its ability to draw in and keep a large and growing user community.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ShibaInu  #Bitcoin  #Altcoin #Memecoin #Megadrop $SHIB

Solana experienced a significant drop in revenue in the last quarter, despite a surge in price, as interest in Solana NFTs declined.
Solana (SOL) has gained considerable attention in recent months due to its growing popularity among users. However, the network faced challenges during the first quarter of 2024.

Mixed Financial Performance of Top Blockchains in Q1 2024
A review of the financial performance of leading blockchains in the first quarter of 2024 revealed a diverse range of results. Ethereum (ETH) emerged as the top performer, boasting a profit of $369 million, followed by Tron (TRX) with $71.8 million in profits.
On the positive side, BNB Chain also recorded a profit, albeit at a smaller scale, amounting to $6.6 million.
However, Solana and Bitcoin (BTC) faced significant losses during this period. Solana reported losses of $796 million, while Bitcoin suffered a staggering loss of $4.5 billion.
Impact of Declining Activity on Solana Network
At present, the Solana network is experiencing a decline in daily active addresses. Over the past few weeks, the number of daily active addresses has decreased from 2.4 million to 1.1 million.
Moreover, there has been a notable decrease in the number of daily transactions on the Solana network. Data from Artemis indicates that the number of transactions has dropped from 40 million to 19 million in recent days.
This decline in network activity raises concerns about Solana’s future revenue generation potential, as lower activity levels may hinder the protocol’s ability to generate revenue in the long term.

Source: Token Terminal
Challenges in Solana’s NFT Sector Amid Price Resilience
A closer look at Solanafloor data revealed a decline in interest in blue-chip Solana NFT collections, indicating a struggle in the NFT sector on the Solana network. This decline suggested that users were diverting their attention to other activities such as decentralized exchanges (DEXes) or meme coins rather than engaging with Solana NFTs.

Source: Solana Floor
Despite the challenges faced in the NFT sector, SOL’s price remained relatively robust. At the time of reporting, SOL was trading at $151.27, marking a 4.87% increase in the last 24 hours.
However, it’s worth noting that the trading volume of SOL had decreased by 34.85% during the same period. This decline in trading volume could potentially pose challenges for SOL’s price trajectory in the future.

Source: Santiment

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SOLANA  #Bitcoin  #Altcoin #SOL $SOL

The Shiba Inu community is reminding its members to stay cautious due to increased scam activity related to the Bitcoin halving.
Lucie, the marketing lead for Shiba Inu, issued a stern warning on April 17th via X, advising community members to watch out for deceptive individuals pretending to be trustworthy while aiming to manipulate investors for their own benefit.

Shiba Inu Community’s Vigilance Against Scams
Lucie, the marketing lead for Shiba Inu, emphasized the importance of vigilance in the cryptocurrency industry, noting that bad actors can still operate within the space. She stressed the need for investors to be aware of these deceptive tactics to protect themselves.
Interestingly, Lucie highlighted a positive aspect of encountering scammers. She noted that such experiences strengthen the community’s determination to establish an “honest, open, and reliable ecosystem” within the crypto space. This statement underscores Shiba Inu’s commitment to creating a secure and transparent environment for its users, despite the challenges posed by fraudulent activities.

Shibarmy Scam Alert: Combatting Scams in the Shiba Inu Community
The official Shiba Inu “Shibarmy Scam Alert” channel is actively joining the fight against scams by educating the community about common tactics used by fraudsters. These tactics include the creation of fake social media accounts to spread misinformation, directing users to fraudulent platforms, and attempting to steal valuable personal information.
Also Read:   Understanding Solana's $796M Loss: Potential Impact on SOL's Future
Shibarmy Scam Alert advises investors to exercise caution and strictly follow official Shiba Inu ecosystem team members. They warn against engaging with any private attempts requesting wallet synchronization or personal details, emphasizing that legitimate representatives will never make such requests. This proactive approach aims to protect investors from falling victim to scams and maintain the integrity of the Shiba Inu community.
Ryoshi’s Renewed Call to Action for Shiba Inu Community
A message from Shiba Inu’s pseudonymous founder, Ryoshi, has resurfaced online, as shared by Buzz, the founder of K9 Finance DAO, a Shiba Inu ecosystem partner. In his message, Ryoshi emphasizes his commitment to protecting “the line and the brand” of Shiba Inu.
Ryoshi clearly outlines who the community should consider allies, stating that “anybody who comes and honors Shiba” is deemed a friend. Conversely, he identifies those with malicious intent, stating that “anyone who leeches from Shiba” is labeled a scammer.
Ryoshi’s message serves as a renewed call to action for the SHIB community to remain vigilant against individuals or entities that threaten the integrity of Shiba Inu. It reinforces the importance of maintaining a united front against scams and upholding the values of honesty and integrity within the community.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ShibaInu  #SHIB  #Bitcoin  #Altcoin $SHIB $DOGE $PEPE

Amid shifting market conditions, meme coins capitalized on the opportunity to boost their values. BONK took the spotlight with an impressive 40% surge, while FLOKI also experienced significant growth.
These gains coincided with increased social media activity surrounding BONK, indicating heightened interest in the meme coin sector.

BONK Rockets 40% After Bitcoin’s Fourth Halving
In the wake of Bitcoin’s fourth halving, the cryptocurrency market experienced a surge, with BONK emerging as one of the top gainers, witnessing a remarkable 40% increase in its value within just 24 hours. As per CoinMarketCap data, BONK was trading at $0.00002145, boasting a market capitalization exceeding $1.4 billion.
The surge in BONK’s trading volume, soaring by over 200%, laid a strong foundation for the bullish trend. Moreover, the meme coin garnered significant attention across the crypto community, reflected in the spike in its Social Volume. According to Santiment’s data, BONK’s Weighted Sentiment also showed improvement, signaling a decrease in bearish sentiment surrounding the meme coin.

Source: Santiment
Analyzing BONK’s daily chart revealed promising indicators for further bullish momentum. The coin’s Chaikin Money Flow (CMF) witnessed a sharp uptick, and its Money Flow Index (MFI) surpassed the neutral mark. Additionally, BONK’s price surged above its 20-day Simple Moving Average (SMA), indicating a potential continuation of the bull rally.

Source: TradingView
Looking ahead, Hyblock Capital’s analysis identified potential targets for BONK in the coming days. The meme coin’s smooth trajectory suggests a path leading up to the $0.0000232 mark. However, increased liquidation at this level could trigger a slight price correction. Nevertheless, a successful breakout above this level might propel BONK towards touching $0.000025.

Source: Hyblock Capital
Bullish Trends for BONK and FLOKI
BONK and FLOKI experienced significant bullish movements, with BONK surging by 40% and FLOKI increasing by over 20% in the last 24 hours. At the time of reporting, FLOKI was trading at $0.0001744, boasting a market capitalization exceeding $1.6 billion.

Source: Santiment
Notably, FLOKI’s metrics displayed optimistic signals. The meme coin’s Open Interest rose in conjunction with its price, while its Funding Rate remained low. Typically, when the Funding Rate is low, prices tend to trend upward, indicating a potential continuation of FLOKI’s uptrend.
Further bolstering the bullish outlook, FLOKI’s MACD hinted at the possibility of a bullish crossover, while its Chaikin Money Flow (CMF) surged northward, suggesting a potential increase in the meme coin’s price in the coming days.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Bonk  #Floki  #Bitcoin  #Altcoin  #CryptoNews $FLOKI $BONK