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đž Waiting for a drop before halving !
đș Friends, I found a pattern for you. Now many market players are waiting for the halving, since after it the price of BTC will most likely begin to rise rapidly. But many do not take into account one point.
đ The historical BTC chart clearly shows that 1-2 months before the halving, Bitcoin regularly corrected to - 60% of the peak, and then also quickly grew to the initial values.
Given additional evidence that Bitcoin has corrected by an average of 20% in 2023, the current drawdown of 17% was the expected decline for Bitcoin ahead of the upcoming strong bull run.
âą The most important thing to realize is that localized drawdown may be the last good chance to enter the cryptocurrency at good prices before the active growth phase begins. However, no one can predict the end of the correction, so it is better to invest in installments, so you will get a better average entry point.
There are ~28 days left until the halving.
$BTC #BTC #Halving
đș Friends, I found a pattern for you. Now many market players are waiting for the halving, since after it the price of BTC will most likely begin to rise rapidly. But many do not take into account one point.
đ The historical BTC chart clearly shows that 1-2 months before the halving, Bitcoin regularly corrected to - 60% of the peak, and then also quickly grew to the initial values.
Given additional evidence that Bitcoin has corrected by an average of 20% in 2023, the current drawdown of 17% was the expected decline for Bitcoin ahead of the upcoming strong bull run.
âą The most important thing to realize is that localized drawdown may be the last good chance to enter the cryptocurrency at good prices before the active growth phase begins. However, no one can predict the end of the correction, so it is better to invest in installments, so you will get a better average entry point.
There are ~28 days left until the halving.
$BTC #BTC #Halving
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3 cryptocurrencies to turn $10 into $1,000 in 2024
As the cryptocurrency market attempts to put behind the recent bearish sentiments, several projects are poised to yield profits on a modest investment. A prevailing consensus suggests that the crypto market, spearheaded by Bitcoin (BTC), will likely experience a rebound.
Market participants anticipate that factors such as the Bitcoin halving, the recent approval of a spot Bitcoin exchange-traded fund (ETF), and a potential similar product for Ethereum will catalyze a long-term rally.
In the meantime, analysts are also projecting a rebound in the altcoin market, noting that positive sentiments in the market will likely drive buying pressure.
In line with this perspective, Finbold has identified three cryptocurrencies that hold the potential to help investors turn a $10 investment into $1,000 in 2024.
Avalanche (AVAX)
Avalanche (AVAX) has established itself as a formidable player in decentralized finance (DeFi). Recognized for its high throughput and low transaction fees, the Avalanche platform is pivotal for developers and users.
Over the past year, Avalanche achieved significant milestones on multiple fronts. Notably, its valuation surged towards the end of the year, targeting the $50 resistance. At the same time, the platform forged partnerships, including notable collaborations with the gaming company BLRD and Amazonâs (NASDAQ: AMZN) AWS, a positive factor for price growth.
With the ecosystem expanding and more projects building on Avalanche, a $10 investment could yield substantial returns as the platform gains widespread adoption.
By press time, AVAX was trading at $31.86, registering daily gains of almost 7%. However, on the weekly chart, AVAX experienced a 4% decline.
Solana (SOL)
Often touted as the âEthereum (ETH) killer,â Solana (SOL) has gained prominence with its high-performance blockchain. Boasting impressive transaction speeds and low fees, the Solana network is a key platform for decentralized applications and smart contracts.
Notably, in 2023, SOL surpassed the $100, driven by the fear of missing out (FOMO) surrounding Solanaâs SPL token airdrops. The rally indicates the token still has the potential for further upside. Additionally, Solana is showing high investor interest as the platform plans to launch a second new smartphone, building on the success of its initial crypto-ready device. With positive market sentiments, Solana will likely rally toward its last all-time high of over $200.
A $10 investment in Solana could witness growth, particularly as more developers and users join its ecosystem.
By press time, Solana is trading at $90.99, having rallied over 4% in the last 24 hours.
Polygon (MATIC)
Polygon (MATIC), a layer-2 scaling solution for Ethereum, has become a key entity in enhancing the scalability and user experience of the Ethereum network. With the escalating demand for decentralized applications on Ethereum, Polygonâs infrastructure offers a viable solution.
Given the array of projects building on its platform, a $10 investment in Polygon could capitalize on the networkâs increasing importance in the broader blockchain landscape.
MATIC had recorded weekly losses of about 4% by press time, while on the daily chart, the token was up 3%, trading at $0.75.
Finally, although these projects present exciting opportunities with strong fundamentals, itâs crucial to note that their success will largely depend on overall market sentiments.
$AVAX $SOL $MATIC #TradeNTell #Write2Earn
Market participants anticipate that factors such as the Bitcoin halving, the recent approval of a spot Bitcoin exchange-traded fund (ETF), and a potential similar product for Ethereum will catalyze a long-term rally.
In the meantime, analysts are also projecting a rebound in the altcoin market, noting that positive sentiments in the market will likely drive buying pressure.
In line with this perspective, Finbold has identified three cryptocurrencies that hold the potential to help investors turn a $10 investment into $1,000 in 2024.
Avalanche (AVAX)
Avalanche (AVAX) has established itself as a formidable player in decentralized finance (DeFi). Recognized for its high throughput and low transaction fees, the Avalanche platform is pivotal for developers and users.
Over the past year, Avalanche achieved significant milestones on multiple fronts. Notably, its valuation surged towards the end of the year, targeting the $50 resistance. At the same time, the platform forged partnerships, including notable collaborations with the gaming company BLRD and Amazonâs (NASDAQ: AMZN) AWS, a positive factor for price growth.
With the ecosystem expanding and more projects building on Avalanche, a $10 investment could yield substantial returns as the platform gains widespread adoption.
By press time, AVAX was trading at $31.86, registering daily gains of almost 7%. However, on the weekly chart, AVAX experienced a 4% decline.
Solana (SOL)
Often touted as the âEthereum (ETH) killer,â Solana (SOL) has gained prominence with its high-performance blockchain. Boasting impressive transaction speeds and low fees, the Solana network is a key platform for decentralized applications and smart contracts.
Notably, in 2023, SOL surpassed the $100, driven by the fear of missing out (FOMO) surrounding Solanaâs SPL token airdrops. The rally indicates the token still has the potential for further upside. Additionally, Solana is showing high investor interest as the platform plans to launch a second new smartphone, building on the success of its initial crypto-ready device. With positive market sentiments, Solana will likely rally toward its last all-time high of over $200.
A $10 investment in Solana could witness growth, particularly as more developers and users join its ecosystem.
By press time, Solana is trading at $90.99, having rallied over 4% in the last 24 hours.
Polygon (MATIC)
Polygon (MATIC), a layer-2 scaling solution for Ethereum, has become a key entity in enhancing the scalability and user experience of the Ethereum network. With the escalating demand for decentralized applications on Ethereum, Polygonâs infrastructure offers a viable solution.
Given the array of projects building on its platform, a $10 investment in Polygon could capitalize on the networkâs increasing importance in the broader blockchain landscape.
MATIC had recorded weekly losses of about 4% by press time, while on the daily chart, the token was up 3%, trading at $0.75.
Finally, although these projects present exciting opportunities with strong fundamentals, itâs crucial to note that their success will largely depend on overall market sentiments.
$AVAX $SOL $MATIC #TradeNTell #Write2Earn
ïŁż Apple Reportedly in Talks to Deal with This Altcoin-Linked Company
Apple is reportedly in talks again with OpenAI, one of the leading artificial intelligence startups, about integrating its technology into new features of the iPhone. These features are expected to be part of the next iPhone operating system, iOS 18, which will be released later this year.
đș OpenAI CEO Sam Altman has an altcoin project called Worldcoin (WLD).
Talks between the two tech giants have centered around the terms of a potential deal and the details of how OpenAI's features will be included in iOS 18. Sources, who requested anonymity due to the private nature of the talks, stated that this indicates that the dialogue between Apple and OpenAI has restarted. Earlier this year, the companies were in preliminary talks about a deal, but little progress has been made since then.
In addition to OpenAI, Apple is also reportedly in talks with Alphabet's Google about licensing Gemini chatbot technology. However, Apple has not yet made a final decision on which partners it will collaborate with for upcoming artificial intelligence features. It remains possible that Apple will reach an agreement with both OpenAI and Google, or choose a different provider entirely.
Apple CEO Tim Cook stated that he personally used OpenAI's ChatGPT last year, but also stated that there were âa number of problems that need to be solved.â He had assured that new AI features would be introduced to Apple's platforms âvery carefully.â
#Apple #WLD $WLD
Apple is reportedly in talks again with OpenAI, one of the leading artificial intelligence startups, about integrating its technology into new features of the iPhone. These features are expected to be part of the next iPhone operating system, iOS 18, which will be released later this year.
đș OpenAI CEO Sam Altman has an altcoin project called Worldcoin (WLD).
Talks between the two tech giants have centered around the terms of a potential deal and the details of how OpenAI's features will be included in iOS 18. Sources, who requested anonymity due to the private nature of the talks, stated that this indicates that the dialogue between Apple and OpenAI has restarted. Earlier this year, the companies were in preliminary talks about a deal, but little progress has been made since then.
In addition to OpenAI, Apple is also reportedly in talks with Alphabet's Google about licensing Gemini chatbot technology. However, Apple has not yet made a final decision on which partners it will collaborate with for upcoming artificial intelligence features. It remains possible that Apple will reach an agreement with both OpenAI and Google, or choose a different provider entirely.
Apple CEO Tim Cook stated that he personally used OpenAI's ChatGPT last year, but also stated that there were âa number of problems that need to be solved.â He had assured that new AI features would be introduced to Apple's platforms âvery carefully.â
#Apple #WLD $WLD
Can BONK Crypto Continue Advancing Upwards & Reach Upper Level?
The BONK Crypto experienced a bullish trend from February 2024, rising from the support level of $0.00001000 to a high of $0.00004751 by the first week of March 2024, closing at $0.00003800.Â
However, from the second week of March 2024, the BONK price plummeted and ended up in a downward wedge, violating the earlier uptrend.Â
Despite this, the BONK crypto has shown signs of recovery as the price rebounded from a significant support level of around $0.00001350 on the chart. The breakout of the falling wedge pattern suggests that BONK crypto may continue its upward trend and reach new peaks at its current price level.Â
The BONK asset appears to be continuing its spectacular rise and displaying bullish strength as it remains above the major 20-day and 50-day EMA bands. The MACD also indicates a strong bullish crossover, with a histogram at 0.00000138, the MACD line at 0.00000053, and the signal line at -0.00000085. Additionally, the RSI is moving higher, which indicates that the BONK crypto asset is not in the overbought zone yet and can maintain its upward direction.Â
Overall chart analysis shows that the BONK crypto asset exhibits bullish characteristics and may reach higher levels by continuing its ongoing breakout on the daily chart. It also displayed exemplary performance in the previous week, with a 75.42% increase, indicating strong upward momentum and the potential to retest the supply level at $0.00004000.Â
As of press time, the BONK crypto is trading at $0.00002720, with an intraday gain of 2.35%, a 24-hour trading volume of 652.97 million, and a market capitalization of 1.68 Billion. If the price continues to attract more buying interest, it could achieve higher targets at $0.00003000 and $0.00003500. However, if the price fails to sustain support at $0.00002400, price gains may decline and hit lower support levels.
BONK Crypto Exhibits Growth In Social Activity
Based on various social metrics such as Twitter (X) BONK news, Twitter (X) followers, and social volume (including active users of Telegram and Twitter), there is evidence of a positive trend in the social dominance of BONK. Additionally, there has been an increase in active users and Twitter chatter, which indicates a growing interest in BONK. These metrics suggest that BONK is gaining popularity.
BONK Crypto Price Vs. Volume Analysis
Moreover, the volume analysis shows that the BONK cryptocurrency has received $710.10 Million in volume, which is 41.17% more than the previous day. The price vs. Volume charts describe a surge in BONK volume and the price rise, suggesting continuing the ongoing trend.Â
Summary
BONK Crypto saw a bullish trend from Feb 2024, reaching $0.00003800 in March. Despite a subsequent drop, it rebounded from $0.00001350 support. The breakout of a falling wedge pattern indicates a potential upward trend. BONKâs strong performance led to a 75.42% increase in the previous week. Currently priced at $0.00002720, it may hit $0.00003000 and $0.00003500 with increased buying interest. Social metrics and volume analysis show BONKâs growing popularity and positive trend.
$BONK #BONK #meme
However, from the second week of March 2024, the BONK price plummeted and ended up in a downward wedge, violating the earlier uptrend.Â
Despite this, the BONK crypto has shown signs of recovery as the price rebounded from a significant support level of around $0.00001350 on the chart. The breakout of the falling wedge pattern suggests that BONK crypto may continue its upward trend and reach new peaks at its current price level.Â
The BONK asset appears to be continuing its spectacular rise and displaying bullish strength as it remains above the major 20-day and 50-day EMA bands. The MACD also indicates a strong bullish crossover, with a histogram at 0.00000138, the MACD line at 0.00000053, and the signal line at -0.00000085. Additionally, the RSI is moving higher, which indicates that the BONK crypto asset is not in the overbought zone yet and can maintain its upward direction.Â
Overall chart analysis shows that the BONK crypto asset exhibits bullish characteristics and may reach higher levels by continuing its ongoing breakout on the daily chart. It also displayed exemplary performance in the previous week, with a 75.42% increase, indicating strong upward momentum and the potential to retest the supply level at $0.00004000.Â
As of press time, the BONK crypto is trading at $0.00002720, with an intraday gain of 2.35%, a 24-hour trading volume of 652.97 million, and a market capitalization of 1.68 Billion. If the price continues to attract more buying interest, it could achieve higher targets at $0.00003000 and $0.00003500. However, if the price fails to sustain support at $0.00002400, price gains may decline and hit lower support levels.
BONK Crypto Exhibits Growth In Social Activity
Based on various social metrics such as Twitter (X) BONK news, Twitter (X) followers, and social volume (including active users of Telegram and Twitter), there is evidence of a positive trend in the social dominance of BONK. Additionally, there has been an increase in active users and Twitter chatter, which indicates a growing interest in BONK. These metrics suggest that BONK is gaining popularity.
BONK Crypto Price Vs. Volume Analysis
Moreover, the volume analysis shows that the BONK cryptocurrency has received $710.10 Million in volume, which is 41.17% more than the previous day. The price vs. Volume charts describe a surge in BONK volume and the price rise, suggesting continuing the ongoing trend.Â
Summary
BONK Crypto saw a bullish trend from Feb 2024, reaching $0.00003800 in March. Despite a subsequent drop, it rebounded from $0.00001350 support. The breakout of a falling wedge pattern indicates a potential upward trend. BONKâs strong performance led to a 75.42% increase in the previous week. Currently priced at $0.00002720, it may hit $0.00003000 and $0.00003500 with increased buying interest. Social metrics and volume analysis show BONKâs growing popularity and positive trend.
$BONK #BONK #meme
$23 million in SOL memes đ”
Since December last year, this trader has earned $23 million trading meme tokens on Solana, with the greatest profits coming from:
âȘïž WIF â $9.51 million
âȘïž BODEN â $7.94 million
âȘïž BONK â $6.28 million
The peculiarity of this trader is that he started buying tokens already during the pump process, and he also tries to choose top projects.
His latest purchases are PUPS for $1.77 million and POPCAT for $5.97 million.
$WIF $BONK #wif #bonk
Since December last year, this trader has earned $23 million trading meme tokens on Solana, with the greatest profits coming from:
âȘïž WIF â $9.51 million
âȘïž BODEN â $7.94 million
âȘïž BONK â $6.28 million
The peculiarity of this trader is that he started buying tokens already during the pump process, and he also tries to choose top projects.
His latest purchases are PUPS for $1.77 million and POPCAT for $5.97 million.
$WIF $BONK #wif #bonk
đŠ Decentralized Exchange ShibaSwap Moves to Shibarium, Offering New Innovations
SHIB, a global leader in the decentralized finance (DeFi) cryptocurrency space with millions of users, said today that it has moved its decentralized exchange, ShibaSwap, from Ethereum to the Shibarium blockchain. The change represents the fundamental improvement in ShibaSwapâs evolution into âShibaSwap,â empowering creators, cultivating relationships, and propelling innovation on Shibarium.
Powered by Shibarium, ShibaSwap will provide a range of new decentralized app (Dapp) utilities and decentralized exchange services, such as:
đș Bridging a range of new tokens that will make them native to ShibaSwap.
đș Improved liquidity pools and characteristics of decentralized finance (DeFi).
đș Novel farming contracts created especially to reward early adopters and enduring investors.
đș Additional discovery location for token launches.
đș Redefining the potential of community-driven experiences: token voting competitions with incentives.
Through the provision of rewards for purchases and exchanges, SHIB is fostering a strong trading volume, therefore cementing ShibaSwapâs position as the preferred platform for community token transactions in Shibarium. All user types will gain from this as it will create a vibrant and healthy marketplace.
Shiba Inu Lead Developer known as Shytoshi Kusama stated:
âThe new ShibaSwap aligns with innovators seeking an outlet for their creative endeavors and Shibizens who value fostering a vibrant and inclusive community. Itâs the beating heart of Shibarium, where community tokens flourish. Imagine a vibrant marketplace teeming with unique tokens representing your favorite projects, causes, and fellow ShibArmy members.â
The SHIB and LEASH tokens, SHIBOSHI NFTs, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game are among the other expanding sectors of the Shiba Inu Ecosystem that Shibarium also supports.
$SHIB #SHIB #ShibaSwap #Shibarium
SHIB, a global leader in the decentralized finance (DeFi) cryptocurrency space with millions of users, said today that it has moved its decentralized exchange, ShibaSwap, from Ethereum to the Shibarium blockchain. The change represents the fundamental improvement in ShibaSwapâs evolution into âShibaSwap,â empowering creators, cultivating relationships, and propelling innovation on Shibarium.
Powered by Shibarium, ShibaSwap will provide a range of new decentralized app (Dapp) utilities and decentralized exchange services, such as:
đș Bridging a range of new tokens that will make them native to ShibaSwap.
đș Improved liquidity pools and characteristics of decentralized finance (DeFi).
đș Novel farming contracts created especially to reward early adopters and enduring investors.
đș Additional discovery location for token launches.
đș Redefining the potential of community-driven experiences: token voting competitions with incentives.
Through the provision of rewards for purchases and exchanges, SHIB is fostering a strong trading volume, therefore cementing ShibaSwapâs position as the preferred platform for community token transactions in Shibarium. All user types will gain from this as it will create a vibrant and healthy marketplace.
Shiba Inu Lead Developer known as Shytoshi Kusama stated:
âThe new ShibaSwap aligns with innovators seeking an outlet for their creative endeavors and Shibizens who value fostering a vibrant and inclusive community. Itâs the beating heart of Shibarium, where community tokens flourish. Imagine a vibrant marketplace teeming with unique tokens representing your favorite projects, causes, and fellow ShibArmy members.â
The SHIB and LEASH tokens, SHIBOSHI NFTs, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game are among the other expanding sectors of the Shiba Inu Ecosystem that Shibarium also supports.
$SHIB #SHIB #ShibaSwap #Shibarium
đĄ Is the Polygon Ecosystem Distinctly Bullish or Bearish?
Monthly active users (MAU) on Polygon have surged to their highest point â 8.8 million.Investment giant Franklin Templeton initiates the transfers of its tokenized shares BENJI on the Polygon blockchain.
The Polygon ecosystem has achieved an all-time high (ATH) of 8.8 million in monthly active users (MAU) amid two significant announcements related to Franklin Templetonâs tokenized shares and Stripeâs stablecoin-led crypto payments.
Over the past 3 months, active addresses across a few sub-sectors within the Polygon ecosystem displayed bullish rallies. Firstly, the active addresses across the gaming protocols surged by 3,663%. Secondly, the centralized finance (CeFi) protocols recorded a 1,473% surge. The other kinds of protocolsâ records were as follows: stablecoin by 36.49%, decentralized finance (DeFi) by 21.52% and SocialFi by 37.97%.
âŠïž MATICâs Market Dynamics Looks Bearish
When we look at the 30-day timeframe, Polygonâs native token MATIC appears bearish. The altcoinâs price declined by over 32% â from $1.06 to $0.71. As per the chart given below, the 50-day exponential moving average (50EMA) hovers above the price action, indicating a downtrend.
Meanwhile, MATICâs relative strength index (RSI) is closer to the oversold territory. On the other hand, the weekly timeframe projects an uptick of 4.5% in the tokenâs price. According to CoinMarketCap data, at the time of analysis, Polygon (MATIC) trades at $0.7128 with a market cap of $7.05 billion and a daily trading volume of $270 million.
$MATIC #MATIC #Polygon
Monthly active users (MAU) on Polygon have surged to their highest point â 8.8 million.Investment giant Franklin Templeton initiates the transfers of its tokenized shares BENJI on the Polygon blockchain.
The Polygon ecosystem has achieved an all-time high (ATH) of 8.8 million in monthly active users (MAU) amid two significant announcements related to Franklin Templetonâs tokenized shares and Stripeâs stablecoin-led crypto payments.
Over the past 3 months, active addresses across a few sub-sectors within the Polygon ecosystem displayed bullish rallies. Firstly, the active addresses across the gaming protocols surged by 3,663%. Secondly, the centralized finance (CeFi) protocols recorded a 1,473% surge. The other kinds of protocolsâ records were as follows: stablecoin by 36.49%, decentralized finance (DeFi) by 21.52% and SocialFi by 37.97%.
âŠïž MATICâs Market Dynamics Looks Bearish
When we look at the 30-day timeframe, Polygonâs native token MATIC appears bearish. The altcoinâs price declined by over 32% â from $1.06 to $0.71. As per the chart given below, the 50-day exponential moving average (50EMA) hovers above the price action, indicating a downtrend.
Meanwhile, MATICâs relative strength index (RSI) is closer to the oversold territory. On the other hand, the weekly timeframe projects an uptick of 4.5% in the tokenâs price. According to CoinMarketCap data, at the time of analysis, Polygon (MATIC) trades at $0.7128 with a market cap of $7.05 billion and a daily trading volume of $270 million.
$MATIC #MATIC #Polygon
đ Will Bitcoin Fall Again? Current BTC Analysis
Bitcoin rallied from the $62,910-$62,300 support zone and traded long at $62,910.According to Coinotag analysts, BTC has a target of $65,800 and is expected to exceed this level. Otherwise, the decline may continue.Readers are advised to set an entry stop at $62,910 and set their targets at $65,800 and $69,000.
Bitcoinâs technical analysis focuses on the target of $69,000 by breaking the resistance above $65,800 with the rise starting at $62,910.
Looking at Bitcoinâs 8-hour technical chart, according to the analysis we shared yesterday, BTC fell to the $62,910 â $62,300 support zone in the last decline and rose from the $62,910 level.
Our followers who traded long at $62,910 were up more than 3% yesterday and it would be more strategic to put the entry stop at this level. Because if BTC falls again from this level, it may fall to $62,300 and $61,200.
As long as Bitcoin price stays above the $62,910-$62,300 support range, its first target will be $65,800. If BTC breaks the $65,800 resistance and closes 8-hour candles above $66,800, it could continue its uptrend to $69,000.
Therefore, it is important for our readers who trade long at $62,910 to follow the entry stop and set their targets at $65,800 and $69,000 respectively.
$BTC #BTC
Bitcoin rallied from the $62,910-$62,300 support zone and traded long at $62,910.According to Coinotag analysts, BTC has a target of $65,800 and is expected to exceed this level. Otherwise, the decline may continue.Readers are advised to set an entry stop at $62,910 and set their targets at $65,800 and $69,000.
Bitcoinâs technical analysis focuses on the target of $69,000 by breaking the resistance above $65,800 with the rise starting at $62,910.
Looking at Bitcoinâs 8-hour technical chart, according to the analysis we shared yesterday, BTC fell to the $62,910 â $62,300 support zone in the last decline and rose from the $62,910 level.
Our followers who traded long at $62,910 were up more than 3% yesterday and it would be more strategic to put the entry stop at this level. Because if BTC falls again from this level, it may fall to $62,300 and $61,200.
As long as Bitcoin price stays above the $62,910-$62,300 support range, its first target will be $65,800. If BTC breaks the $65,800 resistance and closes 8-hour candles above $66,800, it could continue its uptrend to $69,000.
Therefore, it is important for our readers who trade long at $62,910 to follow the entry stop and set their targets at $65,800 and $69,000 respectively.
$BTC #BTC
đ„ Dogecoinâs Historical Performance Points to Potential Price Targets $3.80
Crypto analysts are pointing to a fascinating trend in Dogecoinâs historical performance that could hint at potential price targets for the current bull cycle. According to the analysis, Dogecoin has consistently reached or surpassed the 1.618 Fibonacci extension, which currently projects a target of $3.80 for this cycle.
âŠïž Dogecoin Aim For $3.80
In a recent tweet, a prominent crypto trader highlighted Dogecoinâs historical behavior, noting its tendency to achieve significant milestones based on Fibonacci extensions. The current 1.618 Fibonacci extension level suggests a potential target of $3.80 for Dogecoinâs price during the ongoing bull cycle.
While acknowledging challenges posed by market dynamics and capital saturation, the trader emphasized the relevance of historical patterns in forecasting potential outcomes for Dogecoinâs price trajectory.
Further into analysis analyst, suggests that Dogecoinâs 3-day RSI (Relative Strength Index) consistently maintained above the 50 level throughout its journey to new all-time highs (ATH).Â
Based on the historical pattern observed with the 3-day RSI, the trader suggests that Dogecoin is poised for a bounce from the current range, potentially leading to upward movement in price.
âŠïžOther Notable Price Targets
Alongside the $3.80 target, the trader identified additional price targets based on Dogecoinâs historical performance. These include $0.95 and $1.35 for the current bull cycle, representing significant milestones that align with past price movements.Â
The analysis highlights the importance of considering historical trends and Fibonacci levels as valuable tools for assessing potential price movements in the crypto market.
âŠïžDogecoin Price Analysis
As of now, Dogecoin (DOGE) is trading at $0.1511, showing a minor decline of 0.33% over the past 24 hours. The trading volume has also decreased by 31.87%, amounting to $959 million.Dogecoinâs market capitalization remains stable at approximately $21.3 billion.
$DOGE #DOGE #DogecoinâŹâ©
Crypto analysts are pointing to a fascinating trend in Dogecoinâs historical performance that could hint at potential price targets for the current bull cycle. According to the analysis, Dogecoin has consistently reached or surpassed the 1.618 Fibonacci extension, which currently projects a target of $3.80 for this cycle.
âŠïž Dogecoin Aim For $3.80
In a recent tweet, a prominent crypto trader highlighted Dogecoinâs historical behavior, noting its tendency to achieve significant milestones based on Fibonacci extensions. The current 1.618 Fibonacci extension level suggests a potential target of $3.80 for Dogecoinâs price during the ongoing bull cycle.
While acknowledging challenges posed by market dynamics and capital saturation, the trader emphasized the relevance of historical patterns in forecasting potential outcomes for Dogecoinâs price trajectory.
Further into analysis analyst, suggests that Dogecoinâs 3-day RSI (Relative Strength Index) consistently maintained above the 50 level throughout its journey to new all-time highs (ATH).Â
Based on the historical pattern observed with the 3-day RSI, the trader suggests that Dogecoin is poised for a bounce from the current range, potentially leading to upward movement in price.
âŠïžOther Notable Price Targets
Alongside the $3.80 target, the trader identified additional price targets based on Dogecoinâs historical performance. These include $0.95 and $1.35 for the current bull cycle, representing significant milestones that align with past price movements.Â
The analysis highlights the importance of considering historical trends and Fibonacci levels as valuable tools for assessing potential price movements in the crypto market.
âŠïžDogecoin Price Analysis
As of now, Dogecoin (DOGE) is trading at $0.1511, showing a minor decline of 0.33% over the past 24 hours. The trading volume has also decreased by 31.87%, amounting to $959 million.Dogecoinâs market capitalization remains stable at approximately $21.3 billion.
$DOGE #DOGE #DogecoinâŹâ©
đ» Why the Market Fell Again
Yesterday, BTC could not stay above $67 thousand, which is why its price broke through the $65 thousand level, pulling the entire market with it.
đ First of all, such a rollback is associated with the outflow of capital from the ETF, which yesterday recorded minus $120.6 million, while the inflow into the BlackRock ETF remained at zero for the first time, while Grayscale continued to sell BTC in the amount of $130 million. The fall in the cryptocurrency is also associated with the arrest head of the Samourai Wallet, Keonna Rodriguez, by the US Department of Justice.
đŁ But most of this market movement is due to post-halving uncertainties. At the moment, the market needs catalysts for movement, so BTC may react to even small local news in the near future.
$BTC $ETH $BNB
Yesterday, BTC could not stay above $67 thousand, which is why its price broke through the $65 thousand level, pulling the entire market with it.
đ First of all, such a rollback is associated with the outflow of capital from the ETF, which yesterday recorded minus $120.6 million, while the inflow into the BlackRock ETF remained at zero for the first time, while Grayscale continued to sell BTC in the amount of $130 million. The fall in the cryptocurrency is also associated with the arrest head of the Samourai Wallet, Keonna Rodriguez, by the US Department of Justice.
đŁ But most of this market movement is due to post-halving uncertainties. At the moment, the market needs catalysts for movement, so BTC may react to even small local news in the near future.
$BTC $ETH $BNB
đ„Experts' forecasts regarding Ripple's fine, important decisions and appeal deadlines
Last month, the SEC upped the ante by demanding a $2 billion fine against Ripple.
As the case enters its final stages, industry observers are offering their predictions on the potential outcome. Lawyer Jeremy Hogan is one such figure, suggesting the dispute could be settled
- Claim Your CryptoBox đ
$XRP #xrpï»ż #Ripple
Last month, the SEC upped the ante by demanding a $2 billion fine against Ripple.
As the case enters its final stages, industry observers are offering their predictions on the potential outcome. Lawyer Jeremy Hogan is one such figure, suggesting the dispute could be settled
- Claim Your CryptoBox đ
$XRP #xrpï»ż #Ripple
â ïž Exploring the Impact of Elon Musk on Dogecoin and Other Meme Coins
âŠïž PEPE Coin
PEPE was perhaps one of the standout meme coins of 2023. Amidst the chaos in the cryptocurrency markets, PEPE truly shone and caused a spike in Ethereum network fees during that period.
By March 2024, PEPE was clearly capitalizing on the meme coin frenzy. Today, PEPE continues to trade, albeit far from its all-time high (ATH).
As of this writing, PEPE has seen a 1% increase in the last 24 hours, trading at $0.00000747. Itâs also worth noting that PEPE has surged over 50% in the past seven days.
Additionally, PEPEâs market cap has returned to $3.15 billion, reclaiming its third-place position from WIF. PEPEâs 24-hour trading volume was $1.2 billion, which represents a 2.75% decrease from the previous day.
âŠïž Floki Coin
FLOKI was one of the stars of the March 2024 bull run. Over the past year, FLOKI has delighted its investors with a rise of over 2000%.
However, the situation for FLOKI today doesnât look as promising. FLOKI has fallen to a market volume of $1.7 billion after a more than 2% drop in the last 24 hours.
Its 24-hour trading volume has decreased by 11%, amounting to $280 million, suggesting that investors are holding onto their cryptocurrencies rather than selling.
âŠïž BONK Coin
BONK, along with PEPE, was among the most notable meme coins of 2023. Amid the Solana frenzy, BONK shone brightly, leading to the creation of many millionaires.
In the last year, BONK has shown a staggering 3382% increase, signaling a true frenzy. Despite a rise at the end of 2023, BONK experienced significant gains in March.
Current data shows that BONK, after a 9% increase, is trading at $0.00002595. BONKâs market cap has also surpassed $1.68 billion following this rise.
A potential new bull run in the future could pave the way for new rallies for BONK, showcasing significant price increases to its investors.
$PEPE $FLOKI $BONK Â #PEPE #FLOKI #BONK
âŠïž PEPE Coin
PEPE was perhaps one of the standout meme coins of 2023. Amidst the chaos in the cryptocurrency markets, PEPE truly shone and caused a spike in Ethereum network fees during that period.
By March 2024, PEPE was clearly capitalizing on the meme coin frenzy. Today, PEPE continues to trade, albeit far from its all-time high (ATH).
As of this writing, PEPE has seen a 1% increase in the last 24 hours, trading at $0.00000747. Itâs also worth noting that PEPE has surged over 50% in the past seven days.
Additionally, PEPEâs market cap has returned to $3.15 billion, reclaiming its third-place position from WIF. PEPEâs 24-hour trading volume was $1.2 billion, which represents a 2.75% decrease from the previous day.
âŠïž Floki Coin
FLOKI was one of the stars of the March 2024 bull run. Over the past year, FLOKI has delighted its investors with a rise of over 2000%.
However, the situation for FLOKI today doesnât look as promising. FLOKI has fallen to a market volume of $1.7 billion after a more than 2% drop in the last 24 hours.
Its 24-hour trading volume has decreased by 11%, amounting to $280 million, suggesting that investors are holding onto their cryptocurrencies rather than selling.
âŠïž BONK Coin
BONK, along with PEPE, was among the most notable meme coins of 2023. Amid the Solana frenzy, BONK shone brightly, leading to the creation of many millionaires.
In the last year, BONK has shown a staggering 3382% increase, signaling a true frenzy. Despite a rise at the end of 2023, BONK experienced significant gains in March.
Current data shows that BONK, after a 9% increase, is trading at $0.00002595. BONKâs market cap has also surpassed $1.68 billion following this rise.
A potential new bull run in the future could pave the way for new rallies for BONK, showcasing significant price increases to its investors.
$PEPE $FLOKI $BONK Â #PEPE #FLOKI #BONK
đĄ Arbitrum (ARB) Falls Below Key Support. Time to Short?
Over the past 12 hours, Arbitrum (ARB) fell sharply with an 8% drop in price. Earlier, ARB had traded between a compact price range of $1.1 to $1.27. However, this recent price drop saw ARB sink to $1, as of the time of writing.
This could present a low-risk shorting opportunity for intraday traders. Hereâs how you can maximize this trade setup.
âŠïž Bearish Sentiment in Spot & Futures Market
Zooming out to ARBâs daily timeframe showed that the altcoin has been on a bearish decline since 13 March. This was after a sharp price rejection at the $2.2 price area.
For the short trading opportunity, two price levels are vital for sellers. Opening a short position from the current market price ($1.09) would hit a profit target of 13% at $0.94 and a profit target of 30% at $0.74.
Both price levels are vital as they represent support zones for buyers and ARBâs price could potentially rebound from those levels.
Meanwhile, the chart indicators were fully bearish. The Relative Strength Index (RSI) highlighted the massive selling pressure by dipping into the oversold zone. Similarly, ARB witnessed a significant outflow of capital with the Chaikin Money Flow (CMF) dropping to -0.29, its lowest level since 12 April.
The bearish sentiment was re-echoed in the futures market with ARBâs Open Interest dipping by -5.91% in the past 24 hours. A declining open interest hints at a lack of interest in the asset by market participants, reflecting bearish sentiment.
Combined, ARB could experience further price dips with the $0.74 support showing the most potential for a price rebound.
$ARB #ARB
Over the past 12 hours, Arbitrum (ARB) fell sharply with an 8% drop in price. Earlier, ARB had traded between a compact price range of $1.1 to $1.27. However, this recent price drop saw ARB sink to $1, as of the time of writing.
This could present a low-risk shorting opportunity for intraday traders. Hereâs how you can maximize this trade setup.
âŠïž Bearish Sentiment in Spot & Futures Market
Zooming out to ARBâs daily timeframe showed that the altcoin has been on a bearish decline since 13 March. This was after a sharp price rejection at the $2.2 price area.
For the short trading opportunity, two price levels are vital for sellers. Opening a short position from the current market price ($1.09) would hit a profit target of 13% at $0.94 and a profit target of 30% at $0.74.
Both price levels are vital as they represent support zones for buyers and ARBâs price could potentially rebound from those levels.
Meanwhile, the chart indicators were fully bearish. The Relative Strength Index (RSI) highlighted the massive selling pressure by dipping into the oversold zone. Similarly, ARB witnessed a significant outflow of capital with the Chaikin Money Flow (CMF) dropping to -0.29, its lowest level since 12 April.
The bearish sentiment was re-echoed in the futures market with ARBâs Open Interest dipping by -5.91% in the past 24 hours. A declining open interest hints at a lack of interest in the asset by market participants, reflecting bearish sentiment.
Combined, ARB could experience further price dips with the $0.74 support showing the most potential for a price rebound.
$ARB #ARB
âïž Terraform Labs to restrict US access, withdraw $23 million of liquidity following SEC ruling
Terraform Labs (TFL) announced changes to its operations on April 25 in light of a recent court ruling related to the SECâs case against the company.
TFL said it expects to receive a conduct injunction soon that will bar it from certain activities in the US. The company added that it will prepare for the injunction by barring US users from accessing some products and features starting in the week of April 28.
TFL called the development âfrustratingâ and said it is âagainst geoblocking as a matter of principleâ but has no choice but to adapt.
The policy change will not affect some projects, including Alliance, an open-source Cosmos SDK module, and the Terra blockchain itself.
âŠïž Liquidity closures
TFL must also withdraw liquidity from positions on various platforms due to the injunction
The company said it will start withdrawing liquidity worth $23.8 million across three platforms â Astroport, Ura, and White Whale â on April 26. Each position is a LUNA pair.
Terraform Labs said it would store the withdrawn LUNA tokens in a multisig account through the bankruptcy proceedings.
âŠïž SEC requested injunctions
The SEC filed charges against Terraform Labs in February 2023. The trial began this March, and a jury found Terra and its former CEO, Do Kwon, liable for fraud in early April.
The SEC requested various injunctions against the defendants on April 19.
Specifically, the SEC asked for restrictions on each partyâs ability to purchase, offer, and sell crypto asset securities â including but not limited to LUNA. The SEC also said the defendants should be barred from inducing other parties into such transactions.
The SEC also requested monetary fines and penalties totaling $5.3 billion
Terraform continues to operate and offer certain products despite its bankruptcy and the collapse of its stablecoin, TerraUSD, which depegged from the dollar in May 2022.
$LUNC $LUNA #LUNC #LUNA
Terraform Labs (TFL) announced changes to its operations on April 25 in light of a recent court ruling related to the SECâs case against the company.
TFL said it expects to receive a conduct injunction soon that will bar it from certain activities in the US. The company added that it will prepare for the injunction by barring US users from accessing some products and features starting in the week of April 28.
TFL called the development âfrustratingâ and said it is âagainst geoblocking as a matter of principleâ but has no choice but to adapt.
The policy change will not affect some projects, including Alliance, an open-source Cosmos SDK module, and the Terra blockchain itself.
âŠïž Liquidity closures
TFL must also withdraw liquidity from positions on various platforms due to the injunction
The company said it will start withdrawing liquidity worth $23.8 million across three platforms â Astroport, Ura, and White Whale â on April 26. Each position is a LUNA pair.
Terraform Labs said it would store the withdrawn LUNA tokens in a multisig account through the bankruptcy proceedings.
âŠïž SEC requested injunctions
The SEC filed charges against Terraform Labs in February 2023. The trial began this March, and a jury found Terra and its former CEO, Do Kwon, liable for fraud in early April.
The SEC requested various injunctions against the defendants on April 19.
Specifically, the SEC asked for restrictions on each partyâs ability to purchase, offer, and sell crypto asset securities â including but not limited to LUNA. The SEC also said the defendants should be barred from inducing other parties into such transactions.
The SEC also requested monetary fines and penalties totaling $5.3 billion
Terraform continues to operate and offer certain products despite its bankruptcy and the collapse of its stablecoin, TerraUSD, which depegged from the dollar in May 2022.
$LUNC $LUNA #LUNC #LUNA
âïž Whale-Backed PEPE Coinâs Price Jumps 50%: Whatâs Next?
PEPE price has seen a more than 50% rise in the span of a week and is seemingly going to continue this rally.
The meme coin has also received support from its whales, and this chunk of PEPE supply could be just the boost it needs.
đș PEPE Investors See Potential
PEPE price, trading at $0.00000738 at the time of writing, has witnessed massive support from its investors. These meme coin enthusiasts have added PEPE to their wallets, bolstering the ongoing rally.
A very important cohort in this process has been the whales. These large wallet holders have accumulated over 3.3 trillion PEPE worth more than $24.3 million in the last two weeks, bringing their total holdings to 46.96 trillion PEPE.
Their conviction has provided the meme coin with the necessary support to continue rising. This price increase is expected to continue as over 92 trillion PEPE are on the verge of becoming profitable to its investors.
Worth more than $686 million, this supply was bought at between $0.00000700 and $0.00000890. Given the meme coin is currently trading at $0.00000738, it could flip this supply of PEPE into profit-bearing assets.
Consequently, it would result in the altcoin witnessing further growth in price as the potential of profits would drive more investors to the coin. This would also encourage existing PEPE holders to HODL instead of sell.
đș PEPE Price Prediction: A Key Barrier
PEPE price did manage to escape the descending wedge, but it is still facing a crucial barrier on its path to $0.00001000. The resistance level marked at $0.00000826 has been tested as both resistance supports in the past.
Flipping this line into support is key, as only then can the aforementioned supply have a shot at becoming profitable. This would also enable the PEPE price to rally on and test the $0.00001007 resistance, validating the 60% target obtained by the falling wedge.
$PEPE #PEPE
PEPE price has seen a more than 50% rise in the span of a week and is seemingly going to continue this rally.
The meme coin has also received support from its whales, and this chunk of PEPE supply could be just the boost it needs.
đș PEPE Investors See Potential
PEPE price, trading at $0.00000738 at the time of writing, has witnessed massive support from its investors. These meme coin enthusiasts have added PEPE to their wallets, bolstering the ongoing rally.
A very important cohort in this process has been the whales. These large wallet holders have accumulated over 3.3 trillion PEPE worth more than $24.3 million in the last two weeks, bringing their total holdings to 46.96 trillion PEPE.
Their conviction has provided the meme coin with the necessary support to continue rising. This price increase is expected to continue as over 92 trillion PEPE are on the verge of becoming profitable to its investors.
Worth more than $686 million, this supply was bought at between $0.00000700 and $0.00000890. Given the meme coin is currently trading at $0.00000738, it could flip this supply of PEPE into profit-bearing assets.
Consequently, it would result in the altcoin witnessing further growth in price as the potential of profits would drive more investors to the coin. This would also encourage existing PEPE holders to HODL instead of sell.
đș PEPE Price Prediction: A Key Barrier
PEPE price did manage to escape the descending wedge, but it is still facing a crucial barrier on its path to $0.00001000. The resistance level marked at $0.00000826 has been tested as both resistance supports in the past.
Flipping this line into support is key, as only then can the aforementioned supply have a shot at becoming profitable. This would also enable the PEPE price to rally on and test the $0.00001007 resistance, validating the 60% target obtained by the falling wedge.
$PEPE #PEPE
đĄ TRON Defies Market Downturn, Surges Over 10%: Whatâs Behind It?
đș Tron surged by 10.5% despite prevailing market downturns, showcasing resilience.
đș The cryptocurrency rebounded from a significant support level following Bitcoinâs fourth halving event.
đș Tronâs network witnessed a substantial uptick in activity, with daily active addresses increasing by 37% in a month.
Amidst a backdrop of market downturns, Tron (TRX) has recently made headlines with an impressive surge of 10.5%.Â
Tronâs recent price movements have been anything but static. While the cryptocurrency has experienced a downward trend over the past months, resulting in a significant decrease in value, it found solid ground following Bitcoinâs fourth halving. Rebounding from the crucial $0.105 level, Tron surged to $0.115, fueled by renewed buying activities, signaling renewed investor confidence.
Beyond the realm of price fluctuations, Tronâs network activity has been on the rise. Data from IntoTheBlock reveals a substantial uptick, with daily active addresses climbing to 2.27 million, marking a notable 37% increase from the previous month. This surge in activity reflects a growing engagement within the Tron ecosystem, suggesting potential stability and further valuation growth for TRX.
Tronâs recent surge not only challenges prevailing market conditions but also hints at its potential to break through resistance levels. The increase in active addresses highlights the strengthening of community support and engagement, bolstering Tronâs position in the cryptocurrency landscape. Looking ahead, potential price targets post-breakout could see Tron aiming for $0.12 and then $0.144, solidifying its bullish outlook.Â
In conclusion, Tronâs ability to withstand broader market challenges, coupled with its rising network activity and potential for overcoming resistance levels, positions TRX for continued strong performance in the cryptocurrency market.
$TRX #TRX #Tron
đș Tron surged by 10.5% despite prevailing market downturns, showcasing resilience.
đș The cryptocurrency rebounded from a significant support level following Bitcoinâs fourth halving event.
đș Tronâs network witnessed a substantial uptick in activity, with daily active addresses increasing by 37% in a month.
Amidst a backdrop of market downturns, Tron (TRX) has recently made headlines with an impressive surge of 10.5%.Â
Tronâs recent price movements have been anything but static. While the cryptocurrency has experienced a downward trend over the past months, resulting in a significant decrease in value, it found solid ground following Bitcoinâs fourth halving. Rebounding from the crucial $0.105 level, Tron surged to $0.115, fueled by renewed buying activities, signaling renewed investor confidence.
Beyond the realm of price fluctuations, Tronâs network activity has been on the rise. Data from IntoTheBlock reveals a substantial uptick, with daily active addresses climbing to 2.27 million, marking a notable 37% increase from the previous month. This surge in activity reflects a growing engagement within the Tron ecosystem, suggesting potential stability and further valuation growth for TRX.
Tronâs recent surge not only challenges prevailing market conditions but also hints at its potential to break through resistance levels. The increase in active addresses highlights the strengthening of community support and engagement, bolstering Tronâs position in the cryptocurrency landscape. Looking ahead, potential price targets post-breakout could see Tron aiming for $0.12 and then $0.144, solidifying its bullish outlook.Â
In conclusion, Tronâs ability to withstand broader market challenges, coupled with its rising network activity and potential for overcoming resistance levels, positions TRX for continued strong performance in the cryptocurrency market.
$TRX #TRX #Tron
đ„ AI predicts BONK price for May 1, 2024
Bonk (BONK) has been making significant moves in the last 7 days to the point that it is, at press time, the best-performing top 100 cryptocurrency within the time frame.
Indeed, while overshadowed to an extent by newer meme coins such as Dogwifhat (WIF) in the 2024 crypto bull market, Bonk has been offering decent performance throughout and is, on top of its 75% 7-week climb, 81% in the green year-to-date (YTD).
Additionally, BONK is set to expand its audience with the neo-banking platform Revolut is enabling trading of the meme coin this April.
With the recent and upcoming developments in mind, Finbold decided to consult the predictive artificial intelligence (AI) algorithms of a platform specializing in forecasting future cryptocurrency prices â PricePrediction â on where Bonk might stand on May 1, 2024.
âŠïž AI forecasts BONKâs May 1 price
According to the AI, Bonk will trade ever so slightly higher and with relative stability throughout the rest of April and climb to $0.000026 by May 1 â approximately 6.38% up from its press time price of $0.00002444.
It is also forecast to start slumping shortly after and drop to $0.000025 by May 2, indicating that the April stability might not hold despite the predicted price representing a 0.229% upside from the April 25 values.
Analysts are, however, substantially more bullish on the popular Solana (SOL) meme coin. Benjamin, a crypto analyst on X, found that having broken out after forming a symmetrical wedge, BONK is set to retest an all-time high (ATH).
âŠïž BONK price chart
While it isnât certain BONK will indeed soon surge 165% â or 6% for that matter â its recent performance has been exceptionally strong. The meme coin is 75% in the green on the weekly chart â though it did decline 7.84% on the daily chart indicating its crypto market strength may not be sustained.
The longer time frames are, however, more positive despite the high volatility. Bonk rose a significant 81% since January 1 and is up as much as 3,904% in the last 52 weeks.
$BONK #BONK
Bonk (BONK) has been making significant moves in the last 7 days to the point that it is, at press time, the best-performing top 100 cryptocurrency within the time frame.
Indeed, while overshadowed to an extent by newer meme coins such as Dogwifhat (WIF) in the 2024 crypto bull market, Bonk has been offering decent performance throughout and is, on top of its 75% 7-week climb, 81% in the green year-to-date (YTD).
Additionally, BONK is set to expand its audience with the neo-banking platform Revolut is enabling trading of the meme coin this April.
With the recent and upcoming developments in mind, Finbold decided to consult the predictive artificial intelligence (AI) algorithms of a platform specializing in forecasting future cryptocurrency prices â PricePrediction â on where Bonk might stand on May 1, 2024.
âŠïž AI forecasts BONKâs May 1 price
According to the AI, Bonk will trade ever so slightly higher and with relative stability throughout the rest of April and climb to $0.000026 by May 1 â approximately 6.38% up from its press time price of $0.00002444.
It is also forecast to start slumping shortly after and drop to $0.000025 by May 2, indicating that the April stability might not hold despite the predicted price representing a 0.229% upside from the April 25 values.
Analysts are, however, substantially more bullish on the popular Solana (SOL) meme coin. Benjamin, a crypto analyst on X, found that having broken out after forming a symmetrical wedge, BONK is set to retest an all-time high (ATH).
âŠïž BONK price chart
While it isnât certain BONK will indeed soon surge 165% â or 6% for that matter â its recent performance has been exceptionally strong. The meme coin is 75% in the green on the weekly chart â though it did decline 7.84% on the daily chart indicating its crypto market strength may not be sustained.
The longer time frames are, however, more positive despite the high volatility. Bonk rose a significant 81% since January 1 and is up as much as 3,904% in the last 52 weeks.
$BONK #BONK
đĄ Worldcoinâs developer wants to partner with PayPal and OpenAI: report
The team behind the iris-scanning crypto project Worldcoin wants to collaborate with tech and finance heavyweights, Bloomberg reports.Â
Worldcoin's developer, Tools for Humanity, is interested in partnerships with the payments giant PayPal and the artificial intelligence firm OpenAI. However, Bloomberg adds that details of the partnerships are still unclear, and no concrete plans appear to have emerged yet.
Tools for Humanity previously partnered with Okta Inc, a cybersecurity firm, for better Worldcoin authentication services.
đș Worldcoin scans a person's irises with an orb to create a catalogue of digital identities and in exchange, the user receives the cryptocurrency WLD.Â
WLD traded hands at $4.88 at 11:27 a.m. ET on April 25 after seeing a 4.20% price decrease in the past day. According to The Block price page for the cryptocurrency, WLD has a circulating supply of 195.3 million and a market capitalization of $951.9 million.Â
The project plans to release an Ethereum Layer 2 called World Chain in the summer of 2024. The network aims to augment user onboarding into Worldcoin. "It will be open for everyone, and verified humans will get priority blockspace over bots as well as a gas allowance for casual transactions," Worldcoin wrote at the time of the announcement. "The network will be deeply integrated with the Worldcoin protocol to accelerate growth and leverage World IDâs Proof of Personhood. It will also be secured by Ethereum as an L2 and engineered for scalability with the Superchain ecosystem."
However, Worldcoin is not welcomed globally. Spain, Portugal and Kenya have all taken steps to block Worldcoin from scanning their citizens's irises. Still, Worldcoin's website touts nearly 5.1 million sign-ups across 120 countries, with over 2,000 orbs manufactured. Â
Tools for Humanity's chairman and co-founder Sam Altman is also the co-chair of OpenAI, developer of the popular generative AI ChatGPT.Â
$WLD #WLD #Worldcoinâ
The team behind the iris-scanning crypto project Worldcoin wants to collaborate with tech and finance heavyweights, Bloomberg reports.Â
Worldcoin's developer, Tools for Humanity, is interested in partnerships with the payments giant PayPal and the artificial intelligence firm OpenAI. However, Bloomberg adds that details of the partnerships are still unclear, and no concrete plans appear to have emerged yet.
Tools for Humanity previously partnered with Okta Inc, a cybersecurity firm, for better Worldcoin authentication services.
đș Worldcoin scans a person's irises with an orb to create a catalogue of digital identities and in exchange, the user receives the cryptocurrency WLD.Â
WLD traded hands at $4.88 at 11:27 a.m. ET on April 25 after seeing a 4.20% price decrease in the past day. According to The Block price page for the cryptocurrency, WLD has a circulating supply of 195.3 million and a market capitalization of $951.9 million.Â
The project plans to release an Ethereum Layer 2 called World Chain in the summer of 2024. The network aims to augment user onboarding into Worldcoin. "It will be open for everyone, and verified humans will get priority blockspace over bots as well as a gas allowance for casual transactions," Worldcoin wrote at the time of the announcement. "The network will be deeply integrated with the Worldcoin protocol to accelerate growth and leverage World IDâs Proof of Personhood. It will also be secured by Ethereum as an L2 and engineered for scalability with the Superchain ecosystem."
However, Worldcoin is not welcomed globally. Spain, Portugal and Kenya have all taken steps to block Worldcoin from scanning their citizens's irises. Still, Worldcoin's website touts nearly 5.1 million sign-ups across 120 countries, with over 2,000 orbs manufactured. Â
Tools for Humanity's chairman and co-founder Sam Altman is also the co-chair of OpenAI, developer of the popular generative AI ChatGPT.Â
$WLD #WLD #Worldcoinâ
đŠ Shiba Inu Token Burning Accelerates Despite Market Downturn
Despite a noticeable decline in its market price, Shiba Inu has seen a significant surge in the rate of token burns, sparking discussions and anticipation among investors and market observers alike. Over the recent period, the burn rate of Shiba Inu tokens has increased by an astonishing 2000%, leading to speculation about potential impacts on its value and investor behavior.
đș Intense Burning Activity Observed
Recent data from Shibburn, a platform that monitors Shiba Inu token destruction, confirms that more than 40 million SHIB tokens were eliminated from circulation within just 24 hours. This uptrend continued with additional burns of 20 million and nearly 17 million tokens shortly thereafter, underscoring a growing trend in token management strategies among SHIB holders.
Despite the aggressive burning, the total circulating supply of Shiba Inu remains substantial, with over 582 trillion tokens. This reflects only a partial reduction from the staggering 410 trillion tokens burned since the cryptocurrencyâs introduction.
đș New Developments and Market Movements
In a strategic move likely to boost investor sentiment, Robinhood has recently included Shiba Inu in its list of tradable cryptocurrencies in New York. This expansion is poised to increase transaction volumes and potentially stabilize the tokenâs price. Alongside, Shiba Inuâs developers have announced plans to raise $12 million for new utility and governance expansions, as well as the development of a privacy-focused blockchain aimed at enhancing the tokenâs ecosystem.
đș Points to Take into Account
The increase in token burns could signify a strategic attempt to enhance SHIBâs value through reduced supply.Listing on platforms like Robinhood in significant markets like New York could lead to greater liquidity and trading volume.Investments in new technology and expansions indicate long-term development plans by the Shiba Inu team.
$SHIB #SHIB #Shibalnu
Despite a noticeable decline in its market price, Shiba Inu has seen a significant surge in the rate of token burns, sparking discussions and anticipation among investors and market observers alike. Over the recent period, the burn rate of Shiba Inu tokens has increased by an astonishing 2000%, leading to speculation about potential impacts on its value and investor behavior.
đș Intense Burning Activity Observed
Recent data from Shibburn, a platform that monitors Shiba Inu token destruction, confirms that more than 40 million SHIB tokens were eliminated from circulation within just 24 hours. This uptrend continued with additional burns of 20 million and nearly 17 million tokens shortly thereafter, underscoring a growing trend in token management strategies among SHIB holders.
Despite the aggressive burning, the total circulating supply of Shiba Inu remains substantial, with over 582 trillion tokens. This reflects only a partial reduction from the staggering 410 trillion tokens burned since the cryptocurrencyâs introduction.
đș New Developments and Market Movements
In a strategic move likely to boost investor sentiment, Robinhood has recently included Shiba Inu in its list of tradable cryptocurrencies in New York. This expansion is poised to increase transaction volumes and potentially stabilize the tokenâs price. Alongside, Shiba Inuâs developers have announced plans to raise $12 million for new utility and governance expansions, as well as the development of a privacy-focused blockchain aimed at enhancing the tokenâs ecosystem.
đș Points to Take into Account
The increase in token burns could signify a strategic attempt to enhance SHIBâs value through reduced supply.Listing on platforms like Robinhood in significant markets like New York could lead to greater liquidity and trading volume.Investments in new technology and expansions indicate long-term development plans by the Shiba Inu team.
$SHIB #SHIB #Shibalnu
đŁ Chainlinkâs Cross-Chain Interoperability Protocol Now Supports 9 Blockchains
đș Chainlink marked a major milestone in blockchain interoperability with the release of the Cross-Chain Interoperability Protocol (CCIP), which now supports a wider range of blockchains. According to a press release, Chainlink has expanded the scope of CCIP to include nine prominent blockchains. These are Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Kroma, Optimism, Polygon and WEMIX.
The general availability of the protocol allows developers to transfer tokens and send messages to smart contracts on different blockchains. It also allows developers to perform programmable token transfers. Consequently, these capabilities facilitate the seamless exchange of data and value. This enhancement significantly improves the efficiency and capabilities of decentralized applications.
đș The introduction of new features such as Transporterâ a bridge application â and expanded token transfer capabilities have contributed to the growth of CCIP. In the first quarter of 2024 alone, the protocol saw an over 900% increase in cross-chain transactions and a significant 4,000% increase in transfer volume compared to the previous quarter. The expansion of CCIP is pivotal to creating interconnected tokenized real asset (RWA) markets. CCIP, as part of the broader Chainlink platform, provides the necessary data and computing resources required to operate tokenized asset markets.
$LINK #LINK #Chainlink
đș Chainlink marked a major milestone in blockchain interoperability with the release of the Cross-Chain Interoperability Protocol (CCIP), which now supports a wider range of blockchains. According to a press release, Chainlink has expanded the scope of CCIP to include nine prominent blockchains. These are Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Kroma, Optimism, Polygon and WEMIX.
The general availability of the protocol allows developers to transfer tokens and send messages to smart contracts on different blockchains. It also allows developers to perform programmable token transfers. Consequently, these capabilities facilitate the seamless exchange of data and value. This enhancement significantly improves the efficiency and capabilities of decentralized applications.
đș The introduction of new features such as Transporterâ a bridge application â and expanded token transfer capabilities have contributed to the growth of CCIP. In the first quarter of 2024 alone, the protocol saw an over 900% increase in cross-chain transactions and a significant 4,000% increase in transfer volume compared to the previous quarter. The expansion of CCIP is pivotal to creating interconnected tokenized real asset (RWA) markets. CCIP, as part of the broader Chainlink platform, provides the necessary data and computing resources required to operate tokenized asset markets.
$LINK #LINK #Chainlink
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