Key Insights:
1. Despite the overall crypto market downturn, Dogecoin presents a potential long-term buying opportunity.
2. Analyst Ali Martinez identifies significant bullish momentum in Dogecoin's recent breakout from a descending triangle pattern.
3. Historical data reveals previous breakouts in 2017 and 2021, followed by substantial price rallies for Dogecoin.
4. Based on historical trends, a potential rebound in May could propel Dogecoin to reach $0.3488, marking a 250% increase.
5. A breach below $0.1 may signal further decline, but a retest and subsequent bounce-back scenario are more probable.

Understanding the Descending Triangle:
Analyst Ali Martinez recently highlighted a recurring pattern observed in Dogecoin through a tweet. This pattern, known as a "descending triangle," typically features a descending trendline and a flat base.
The conventional interpretation of a descending triangle is bearish. However, Martinez suggests a different outlook for Dogecoin this time.
Historical analysis reveals that Dogecoin's previous encounters with descending triangles led to significant bullish breakouts, as evidenced by past occurrences.
Martinez emphasizes that the ongoing price correction in Dogecoin is consistent with its behavior preceding massive bull runs. Drawing parallels to the 2017 and 2021 bull markets, Martinez notes substantial price retracements followed by explosive upward movements after breaking out of descending triangles.
The Pattern Has Repeated Itself:
Presently, Dogecoin has once again broken above a descending triangle formation, accompanied by a 47% price correction, akin to previous instances.
Martinez draws similarities between the current scenario and past events, suggesting that Dogecoin may soon repeat its historical pattern.
Speculating on Dogecoin's performance in May 2024:
As of now, Dogecoin trades around $0.1274, showing signs of recovery. Analyzing the charts, Dogecoin appears to be testing its lower Bollinger band and maintaining the $0.1 support level.
Historical data suggests that Dogecoin typically experiences upward movement during the second quarter of the year, with an average increase of 109% since 2013.
Considering May 2024 as the midpoint of the second quarter, it could potentially offset the previous month's decline.
The outlook for Dogecoin indicates a possible retest of $0.1, followed by a bullish resurgence, contingent upon maintaining support above this level.
Overall, if historical trends persist, a rebound from $0.1 and a retest of the $0.3488 resistance could result in a substantial 250% upside for Dogecoin.
Disclaimer: The information provided aims to be accurate and current, but readers are encouraged to conduct their own research and make informed financial decisions due to the high volatility of cryptocurrencies.

$DOGE

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Insights on Bitcoin Price Drops:
1. Recent Bitcoin price drops attributed to selling by new investors spooked by market volatility.
2. Glassnode suggests decline nearing a bottom, indicating potential for future upswing.
3. Fear and Greed Index shows neutral sentiment, leaning towards fear, influenced by newer investors' short-term trends driving sell-off.
4. Short-term holders may be concluding selling spree as price nears their buying price.

The Post-Halving Retrace and Redistribution:
Bitcoin’s price journey post-halving has resembled a rollercoaster ride. According to Coinglass data, traders collectively suffered losses of approximately $506 million within a day, with Bitcoin accounting for nearly $200 million of that.
The crypto market’s liquidations have been notable, indicating significant market activity. Following an all-time high of approximately $73,800 before the halving, Bitcoin has transitioned into what Glassnode terms as a "net distribution" phase. This phase is characterized by the influx of new investors who appear to be the driving force behind the current market downturn.
These new investors, being more susceptible to market dynamics, tend to react swiftly, contributing to Bitcoin's downward trend. However, this market decline doesn't necessarily signal doom and gloom; rather, it suggests that we may be approaching a bottom.
The Ongoing Sell-Side Pressure:
Bitcoin's recent performance has largely revolved around consolidation within the $50,000 to $67,500 range. Glassnode's accumulation trend score indicates the emergence of "local distribution patterns," which have historically preceded bull runs.
Furthermore, Glassnode's report attributes the ongoing market decline to the Middle East conflict, long overdue given the extended euphoria phase indicated by the net unrealized profit and loss (NUPL) metric over the past seven months. This explains the behavior of short-term HODLers, who are gradually selling off as euphoria wanes.
Sellers Are Getting Tired:
Glassnode highlights that Bitcoin's price is nearing the cost basis of newer cohorts, making it less profitable or feasible for them to continue selling. Consequently, the market is poised for a gradual recovery. The cost basis of one-week to one-month holders, at $66,700, surpasses the 90-day level since mid-March, indicating exhaustion among sellers and potentially forming a local bottom.
Overall, Glassnode suggests that Bitcoin's euphoria phase is cooling down, a precursor to market equilibrium. Consequently, a sharp rebound in Bitcoin's price, possibly retesting the $70,000 zone, is foreseeable.
Disclaimer: The alternative texts aim to convey the key insights of the original content. While efforts have been made to ensure accuracy, discrepancies may occur. As cryptocurrencies are highly volatile assets, readers are encouraged to conduct thorough research and make informed financial decisions.

$BTC

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Andrew Tate advocates for Bitcoin as a reliable alternative to the struggling US dollar, emphasizing its potential amidst economic uncertainty.Tate's concerns about inflation and government intervention drive his support for Bitcoin, suggesting a shift away from traditional financial instruments.Utilizing Dollar-Cost Averaging (DCA) since 2018, Tate demonstrates a long-term commitment to accumulating Bitcoin, despite market fluctuations.While endorsing Bitcoin, Tate remains critical of aspects within the cryptocurrency sphere, including certain altcoins and community practices.Tate positions Bitcoin as a safeguard against government overreach in traditional finance, highlighting its potential for financial autonomy and security.

Tate's Bitcoin Endorsement
Andrew Tate, a former professional kickboxer turned social media influencer, has emerged as a staunch supporter of cryptocurrency, particularly Bitcoin.
The Case for Bitcoin
In a recent tweet, Tate asserted that Bitcoin could soon become the sole viable monetary option, citing numerous issues with the US dollar, including inflation and what he termed "investment tyranny" from the US government.
Dollar-Cost Averaging Strategy
Despite previous criticisms of cryptocurrency and its community, Tate has demonstrated shrewdness in his Bitcoin investments. Reportedly, he has employed the dollar-cost averaging (DCA) strategy since 2018, consistently purchasing Bitcoin at regular intervals regardless of market fluctuations.
Support for Blockchain Projects
Tate has also expressed support for other blockchain ventures, notably endorsing the Venom blockchain, predicting its inevitable success.
Teasing a Personal Cryptocurrency
While teasing the launch of his own cryptocurrency, supposedly backed by a substantial portion of his wealth, Tate later dismissed it as a jest.
Complex Relationship with Crypto Community
Tate's relationship with the crypto community is nuanced. While he champions Bitcoin and select altcoins, he has also criticized the community, branding its members as "degenerates" and detractors of societal advancement.
Bitcoin as a Beacon of Financial Freedom
In summary, Tate views Bitcoin as a beacon of hope against "financial tyranny" and the potential hazards of traditional financial institutions.
Disclaimer: While Voice of Crypto endeavors to provide accurate and current information, it cannot be held liable for any omissions or inaccuracies. Cryptocurrencies are highly volatile assets; therefore, it is advisable to conduct thorough research and make informed financial decisions.

$BTC

#VOC #VoiceOfCrypto #CryptoNews🚀🔥V #CryptoCommunty #BuytheDips

Key Highlights
1. Avalanche and Stripe join forces to streamline crypto acquisitions within Web3 applications, presenting a user-friendly solution.
2. A novel widget integration enables seamless AVAX purchases directly within apps, bypassing external exchange platforms.
3. Despite recent market fluctuations affecting AVAX's value, the collaborative effort with Stripe holds promise for a potential market resurgence.
4. Watch out for key price levels at $29 (as support) and $40 (as resistance) to gauge potential price dynamics for AVAX in the near term.

Simplified Crypto Transactions Unveiled
Reports indicate that users of Avalanche's C-Chain can now seamlessly purchase AVAX directly within Web3 applications, courtesy of a widget provided by Stripe.
Avalanche's Innovative Partnership
Avalanche's recent announcement unveils plans to integrate the widget into web app interfaces, enabling effortless fiat-to-crypto exchanges at users' fingertips.
This development marks a significant milestone, extending crypto accessibility to millions of potential users.
The collaboration addresses the common "cold start problem" encountered by Web3 platforms, where users face obstacles in replenishing crypto wallet balances to perform essential functions.
Stripe/Avalanche's widget facilitates swift fiat-to-crypto conversions, empowering users to seamlessly conduct transactions without leaving the platform, while Stripe manages tasks like KYC, fraud detection, and compliance.
Impact on Avalanche's Market Dynamics
Despite recent bearish trends in AVAX's price, currently hovering around $33.4 and down by over 15% in the past week according to CoinMarketCap, this development could signal a turning point for prospective investors.
Analyzing Avalanche's price chart reveals a decline post-Bitcoin halving, with the cryptocurrency approaching a critical support level around $29, marked by the (blue) ascending trendline.
Observing historical price action, a rebound off this support level could indicate bullish momentum, potentially leading to a retest of the (red) ascending trendline at approximately $40.
In summary, $29 serves as crucial support, while $40 presents significant resistance levels. A decisive breakout above $40 could propel AVAX towards higher targets, such as $65.4.
Disclaimer: While Voice of Crypto endeavors to provide accurate and current information, it cannot be held liable for any omissions or inaccuracies. Cryptocurrencies are highly volatile assets; therefore, it is advisable to conduct thorough research and make informed financial decisions.

$AVAX

#VOC #VoiceOfCrypto #CryptoNews🚀🔥V #CryptoCommunty #Avalanche"

1) Balancer, a DeFi platform, experiences a significant loss of nearly $900k due to a recent hack.

2) This hack transpired shortly after the company publicly disclosed certain vulnerabilities within its system.

3) While some of the funds were successfully rescued using emergency procedures, a substantial amount remains at risk.

4) In the latest blow to the decentralized finance (DeFi) space, Balancer, an Ethereum-based DeFi protocol, fell victim to an exploit resulting in nearly $900,000 in losses.

5) Just days prior, Balancer had issued a warning about potential vulnerabilities affecting its boosted pools, and unfortunately, this event has now materialized.

An announcement confirming the incident involving the protocol was posted on the social media platform X (formerly known as Twitter) on August 27.

The protocol's team promptly responded to the crisis by acknowledging the hack. Despite their concerted efforts to contain the damage, they acknowledged that it was irreversible.

Regarding Balancer, the team admitted the exploit, stating, "Balancer is aware of an exploit related to the vulnerability below." They also noted that while mitigation measures implemented in the preceding days had significantly reduced risks, it was impossible to pause affected pools.

"To prevent further exploits, users must withdraw from affected LPs."

On a positive note, a blockchain security expert named Meier Dolev claimed to have identified an Ethereum address associated with the attacker. Subsequent to the exploit, this address received two transfers of Dai stablecoin, amounting to $636,812 and $257,527, respectively. This brought their total balance to over $893,978.

Catch the whole article here:  https://voiceofcrypto.online/news/balancer-loses-nearly-900k/

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A physician from Georgia, Dr. James Wan, pleads guilty to a shocking crime involving Bitcoin.The Department of Justice reports that Wan used Bitcoin to hire a hitman for a heinous act against his girlfriend.Thanks to the FBI's tracking of Bitcoin transactions, Wan was apprehended.The victim is now in protective custody to ensure her safety.Dr. Wan could potentially face a 10-year prison sentence and a $250,000 fine.The sentencing for Wan is scheduled for January 2024.

A typical response to the narrative you are about to delve into might be one of incredulity, prompting the question, "Why would someone tarnish the purity of a concept as innovative as this?" The story in question revolves around Bitcoin and the sinister twist it took.

Bitcoin: A Hitman's Payment Option?
Originally conceived as a decentralized and untraceable digital currency, Bitcoin was intended to facilitate transactions that remained beyond the control of governments and individuals. However, the same attributes that made it a pioneering financial technology also rendered it attractive for nefarious purposes like money laundering, fraud, drug deals, and, in this case, even murder.
According to the Department of Justice's report, the doctor, James Wan, had been meticulously plotting the murder as far back as April 2022. Wan ventured into the dark web's marketplace, placing a chilling ad for a hitman and providing alarming specifics about his girlfriend, including her identity, address, Facebook profile, and even her vehicle details.
In his confessions, Wan disclosed his desire for the murder to appear as a carjacking gone awry. He further executed an initial payment of approximately $8,000 in Bitcoin to commission the act. Yet, this is where events took a bizarre turn.

Where It All Went Wrong
As per the Department of Justice, the initial Bitcoin transaction of $8,000 took an unexpected turn when Wan erroneously sent the funds to an incorrect wallet address. Frustrated by the absence of the funds in his escrow account, Wan complained to the marketplace administrator, who, in turn, discovered the misdirected payment.
Wan remained resolute in his sinister intent and proceeded to send an additional $8,000 in Bitcoin a week later to ensure the contract's financial requirements were met. He lamented the loss of the initial $8,000 and confirmed the additional payment, affirming his determination.
The marketplace administrator even inquired if Wan preferred an "accidental" or "normal shooting." Wan's response was chilling: "Accident is better."
Subsequently, with the funds secured in the escrow account, Wan began seeking updates on the progress of the sinister order within the marketplace's forum, impatiently inquiring about the anticipated timeline for the execution of the gruesome act.

Justice And Punishment
Despite Wan's payments and his escalating impatience, the carjacking or murder never materialized. Instead, FBI agents uncovered the entire plot before it could culminate in tragedy. They promptly alerted the intended victim and placed her under protective custody, arresting Wan and initiating an extensive investigation.
In a court of law, Wan confessed to one count of utilizing a facility of interstate commerce for murder-for-hire. Under US law, he faces a potential sentence of up to 10 years in prison, coupled with a substantial $250,000 fine. The case is scheduled for sentencing in January 2024, with the FBI continuing its investigation, and Assistant U.S. Attorney Bret R. Hobson prosecuting the case.

Lessons Learned
This disturbing case underscores the critical lesson that law enforcement remains capable of tracking crimes, even within the shadowy corners of the dark web. Additionally, it serves as a stark reminder that while Bitcoin offers decentralization and near-anonymity, it is not entirely immune to scrutiny and, in this case, became a digital trail leading to justice.

#cryptocurrency #crypto2023 #bitcoin #VoiceOfCrypto #VOC

Bold Prediction Alert: Hedge Fund Anticipates Bitcoin Halving Could Propel BTC Price to Staggering $150,000 Height! 📈🚀

1) Pantera Capital predicts Bitcoin to hit $150,000 post next halving in mid-2024.

2) Bitcoin's price strongly affected by its halving cycles; Pantera expects history to repeat.

3) Typical pattern: BTC bottoms 477 days pre-halving, rises post-halving, then skyrockets.

4) FTX collapse and Bitcoin's fall could have shifted 477-day timeline by about a month.

5) BTC currently around 8% lower than Pantera's $35,000 re-halving estimate.

Once dismissed as virtually worthless and even labeled a fraudulent scheme, Bitcoin's astonishing journey has catapulted it into the echelons of substantial financial assets, boasting a colossal market cap of $512 billion. Surpassing traditional benchmarks and established financial instruments in terms of market dominance, Bitcoin's meteoric rise since its inception in 2009 has also catalyzed the emergence of numerous crypto-linked financial products.

However, the saga of Bitcoin might just be in its early chapters.

In a recent revelation from Pantera Capital, a hedge fund managing assets worth $4.8 billion, the trajectory of BTC appears far from its conclusion. The prognosis suggests that Bitcoin's ascension is far from over; in fact, it might be on the cusp of a new phase. The hedge fund's analysis posits that the impending halving event could potentially propel Bitcoin's value to $150,000, in turn, catapulting its market cap to a staggering $2.9 trillion. As the crypto landscape continues to evolve, Bitcoin's journey seems destined to chart uncharted territories.

Catch the whole article here:   https://voiceofcrypto.online/news/bitcoin-halving-can-take-prices/

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Over 42,000 active XRP users drop in recent report.

Ripple's strategic move: Partnering with a major Asian company.

Ripple's expansion plan targets three significant countries.

XRP, Ripple's native token, facing recent challenges.

Once dismissed by the SEC as mere lines of code, Ripple now faces a dwindling user base. It has slid from its weekly peak at $0.532, accompanied by a decline in active users, plummeting from 539.38K on September 1 to 497.24K today. Ripple, however, refuses to yield, and in this piece, we delve into the factors behind this dip in XRP's active users and the strategic responses employed by Ripple to counteract this trend.

Article was originally published at https://voiceofcrypto.online/

To know more about the topic in detail, head over to https://voiceofcrypto.online/news/ripple-xrp-price-drop/

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