While no one can accurately predict the future, the recent decline in the price of #BONK could pave the way for a deciding moment for the asset’s future price.Such a substantial price drop can easily turn into a downward spiral that sends the price into hard-to-recover-from levels. The second largest meme coin, Shiba Inu, is an example of a token that has faced a similar struggle. While SHIB has impressed in recent weeks, it remains 87.79% below its October 2021 all-time high.Meanwhile, BONK’s decline could also pave the way for a new crop of holders who missed out on the initial run-up to build a position. However, there is no guarantee this would be favorable, and investors should conduct thorough research before jumping in.In BONK’s case, the recent listing on Coinbase could help its course in the same way that Solana’s recent rise to stardom has impacted BONK’s price positively.However, continued selling pressure could see investor confidence evaporate and potentially send the token into the ashes, where most meme coin-related projects end up after their classic moments.$BONK

Franklin Templeton’s #Ethereum #ETF Listed Despite SEC Rejection Rumors.
Whispers in financial circles suggest that the SEC might reject Ethereum ETFs by the looming May 23rd deadline. However, Franklin Templeton’s recent move has caught everyone off guard.
In a bold move, Franklin Templeton has listed its “Franklin Ethereum TR Ethereum ETF,” bearing the code EZET, on the Depository Trust and Clearing Corporation (DTCC). This unexpected move comes at a time when rumors swirl about the SEC’s reluctance to approve Ethereum-based ETFs.
The listing on DTCC’s platform is a significant milestone for Franklin Templeton, thrusting them into the Ethereum ETF arena alongside industry giants like BlackRock, Grayscale, VanEck, and ARK Invest. Their Ethereum ETF, now live on DTCC, enjoys eligibility for creation and redemption, crucial elements ensuring market price alignment with net asset value.
Despite this bold move, Franklin Templeton’s listing doesn’t guarantee the SEC’s approval for their spot Ethereum ETF, slated for decision next month. SEC Chair Gary Gensler’s cautious stance on Ether’s security classification adds further uncertainty to the mix.
The SEC’s hesitation casts a shadow over the fate of Ethereum-based ETFs, with Gensler’s earlier comments on CNBC providing little reassurance. While Bitcoin ETFs gained approval, Ethereum’s path remains uncertain, leaving analysts and investors on edge.
Uncertainty Clouds
Industry insiders speculate that recent SEC-Crypto industry interactions point to a probable rejection. Talks have been described as one-sided, signaling a lack of enthusiasm from the regulatory side compared to the thorough discussions preceding Bitcoin ETF approvals.
Looking Forward
With the SEC’s potential denial looming large, the road ahead for Ethereum ETFs looks challenging. Bloomberg ETF analyst Eric Balchunas puts the odds of approval at a mere 25%,
underscoring the stark difference in
regulatory engagement compared to Bitcoin
ETF deliberations.
Franklin Templeton's bold listing on DTCC
amidst this uncertainty highlights a pivotal
moment in the ETF landscape. As May 23rd
approaches, all eyes remain glued to the SEC,
awaiting its verdict on Ethereum's ETF journey.
$BTC
#BinanceLaunchpool #bitcoinhalving

Meme Coins Price Analysis: Breakout Runs For #DOGE #PEPE #SHIB ?
As the Bitcoin price struggles to find bullish momentum in almost a week post-Halving, the meme coins offer a better opportunity. With a breakout rally in motion and others offering trend reversals, smart investors are hoping for a bullish 2024. 

The #1 Meme Coin Aims For Triangle Breakout
With a substantial market capitalization of $21.61 billion, Dogecoin remains the leading meme coin and the 8th largest altcoin by market size. Currently trading at $0.1501, DOGE has experienced a significant drop of 31.83% from its monthly high of $0.22. 
Shiba Inu (SHIB)
Ranking as the second biggest meme coin after DOGE, the SHIB price trend showcases a triangle pattern in the 4H chart. With a positive cycle struggling for a breakout, Shiba Inu prepares a doubles bottom reversal at the 61.80% Fibonacci level. 
PEPE (PEPE)
Despite a broader market weakness, this frog-themed meme coin offers a high likelihood of a bull run with this breakout rally. With a $3.18 Billion market cap, PEPE stands in the top 50 altcoins. Trading at $0.000007550 and an overnight jump of 7.31%, the recovery rally in PEPE leads to a channel breakout rally. 
$SHIB
#BinanceLaunchpool #bitcoinhalving

Double Moving Average Crossover
The double moving average crossover strategy involves using two moving averages of varying lengths. Traders generally employ a combination of a short-term and a long-term moving average, such as a 50-day MA and a 200-day MA. Typically, the moving averages are of the same type, such as two simple moving averages (SMAs), but you could also use different types, such as an SMA coupled with an exponential moving average (EMA).
In this trading strategy, traders look for a crossover between the moving averages. A bullish signal occurs when the shorter-term moving average crosses above a longer-term moving average (also known as a Golden Cross), indicating a potential buying opportunity. Conversely, a bearish signal occurs when the shorter-term moving average crosses below the longer-term moving average (also known as a Death Cross), signaling a potential selling opportunity.
Moving Average Ribbon
The moving average ribbon is a combination of multiple moving averages of different lengths. A ribbon can consist of four to eight SMAs, but the exact number may vary depending on individual preferences. The intervals between the MAs can also be adjusted to suit various trading environments. For instance, the default ribbon consists of four SMAs, with 20, 50, 100, and 200 periods.
This trading strategy involves tracking the expansions and contractions of the moving average ribbon. For instance, an expanding ribbon, where shorter moving averages are moving away from the longer ones during price increases, suggests a strengthening market trend. Conversely, a contracting ribbon, where moving averages converge or overlap, suggests a consolidation or pullback.

The meme coin frenzy that made headlines just ten days ago has deflated, as speculative frenzies often do.
Data from CryptoSlate shows the total market cap of meme coins has plummeted by 21% to $45 billion amid aggressive profit-taking.
Some of the biggest losers have been projects like Myro (MYRO), Coq Inu (COQ), and Floki (FLOKI), which are all down over 30%.

Even the sector’s heavyweights haven’t been spared – Dogecoin (DOGE) and Shiba Inu (SHIB) have both declined over 20% in the past week.
The brutal selloff highlights how quickly sentiment can turn in the meme coin space, where hype often overshadows fundamentals.
However, despite the overall trend, a few safe havens have emerged.
For example, dogwifhat (WIF) has defied the bearish momentum, rallying 6% over the same period.
$DOGE $SHIB

#XRP’s drop from $0.62 to $0.41 this week appears to have caught the attention of whales.
Amid the downturn, these big players in the crypto market have seized the opportunity to accumulate the cryptocurrency that currently stands in seventh position by market cap.
XRP’s Whale Activity Intensifies
According to the latest findings by popular analyst Ali Martinez, over 31 million XRP was bought in just the past week alone. This sudden surge in whale activity suggests a bullish sentiment towards the asset, indicating that investors see potential for a rebound in its value.
XRP saw a relatively stable start to the day, surging by a modest 2% during the same period as it pushed past $0.54. The price action extended weekly gains to 11.30%.
Amidst Ripple and the Securities and Exchange Commission’s (SEC) legal battle, XRP has been seeing significant whale activity.
With XRP jumping ahead of the altcoin pack, market intelligence platform Santiment revealed an increase in the number of XRP wallets holding at least a million coins, with a surge of 3.1% observed over the past six weeks. This uptick in large XRP holdings suggests growing interest and confidence among investors.
Ripple vs. SEC
Ripple Labs has opposed the SEC proposal for nearly a $2 billion fine against the company. In their filing on Monday, the blockchain entity argued against the SEC’s request for an injunction, disgorgement, and pre-judgment interest stating that the penalty should not exceed $10 million.
The SEC had previously proposed a fine of $1.95 billion, comprising $876 million in disgorgement, $198 million in prejudgment interest, and a $876 million civil penalty.
$XRP

#Shiba Inu is one of the most famous meme coins. Its price surged a lot in just one day, rising by 20% compared to yesterday.
After a 19% surge, the trading price of the token reached $0.00002767, with a market value of $16.29 billion.
This big increase happened because of the recent SHIB burn, which greatly reduced the total supply of the coin.
Shiba Inu burns ultimately lead to more demand for the token. The last time Shiba Inu tokens were burned, it increased demand a lot. In just 24 hours, trading volume surged by over 116%, pushing the value to $1.18 billion. But what does it mean to burn Shiba Inu tokens?
SHIB Burn talks about destroying a certain percentage of SHIB tokens to try to increase demand by limiting supply.
However, because the supply of Shiba Inu is so large, SHIB developers should regularly initiate token burning processes.
Shiba Inu or any other cryptocurrency isn't physical money, so burning doesn't mean actual burning. Instead, it's about sending SHIB tokens to burner addresses or dead wallets where the private keys are lost.
As a result, the tokens are lost forever and can't be recovered.
The first SHIB burn happened in June 2021 when Vitalik Buterin received 50% of the total SHIB supply.
In April, the highlight of Shiba Inu burns was the burn rate surging by 172%, leading to a rise in SHIB token prices.
Just in the past 24 hours, Shiba Inu burns removed 392,376,654 SHIB Tokens in 18 transactions. A total of 449,360,571 SHIB Tokens Were burned in the last seven days.
$SHIB

Here’s Why #VeChain (VET) Seems Ready to Hit an ATH: Analyst
VET might be “setting the stage for a continued bull run,” Ali maintained.
TL;DR
Despite a recent dip, VeChain (VET) has seen a nearly 60% increase in its value year-over-year, with speculation about reaching new highs soon.
Analyst predictions are varied, with some expecting short-term rises to $0.06, while others envision a whopping 2,500% rally to $1.
VET Price Gearing up for a Peak?
Despite plunging significantly in the past week, VeChain’s native cryptocurrency – VET – remains among the best performers on a yearly scale, with its price rising by almost 60% (per CoinGecko’s data).
It currently hovers the $0.04 mark, while some analysts believe a new all-time high above $0.25 could be on the horizon. One example is the popular X user Ali, who thinks VET mimics its price trajectory from June to December 2020.
According to the analyst, the asset may retrace to the “upper boundary” at $0.032 in the following days and then start ascending to as high as $0.60.
Some of the Previous VeChain (VET) Price Predictions :-
Other analysts who recently envisioned a bright
future for VET include the X users Clifton Fx and
World of Charts. The former maintained the
coin's value could rise to $0.06 in the short
term, while the latter assumed the $0.22 mark
may be reached this summer.
The most optimistic prediction came from
Flash, who believes VET is poised for a 2,500%
rally toward the all-time high of $1.
$VET
#bitcoinhalving #Memecoins

Here is Shiba Inu Next Critical Support Where 397K Addresses Hold 2.44T #SHIB
Shiba Inu has established pivotal support at $0.00001, ranging from $0.000008 to $0.000014. Nearly 400,000 addresses procured 2.44 trillion SHIB tokens.
This is according to data from the blockchain analytics resource IntoTheBlock. The platform confirms that exactly 397,000 Shiba Inu addresses hold approximately 2.44 trillion SHIB at the average price of $0.00001.Ranging from $0.000008 to $0.000014, this support level reveals significant buying pressure and the potential for market stability at this price range — effectively functioning as a cushion for dumps in SHIB price.
$SHIB
#bitcoinhalving #Memecoins

Cryptocurrency analyst Javon Marks remains unfazed despite the recent #XRP dip, maintaining his forecast of an imminent 400x price surge to the $288 territory.
XRP has continued to battle the bears amid the ongoing market turbulence. With the 23.9% collapse from April 11 to 13, XRP fell to the support at $0.4188, marking its lowest value since May 2023. However, XRP looked to recover the recent losses with a 5.12% rise on April 14.
XRP Suffers Dip Below $0.50
Nonetheless, this recovery was short-lived, as the bears retook control of the scene the next day. XRP is now 21.77% down this month, struggling to reclaim and hold above the $0.50 psychological territory in an effort to flip it from resistance to support.
Despite XRP’s struggles, analysts like Javon Marks remain unfazed, confident that its bullish trend is intact. In a recent analysis, the market watcher provided an updated outlook on XRP’s price action. According to him, the ongoing market downturn does not invalidate a previous breakout that XRP recorded last July.
For context, XRP had continued to trade underneath a downward trendline since it dropped from the all-time high of $3.31. Notably, an attempt to breach this trendline came up in April 2021 when XRP soared to the $1.96 level. However, resistance from the bears foiled this attempt, leading to a failed breakout.
The next attempt at a breakout occurred in July on the heels of the pivotal ruling in the SEC vs. Ripple case. XRP soared to $0.93 on July 13, 2023, successfully breaching the downward trendline and holding above it. However, the correction that ensued in August 2023 saw XRP retest the trendline.
$XRP
#BinanceLaunchpool #Memecoins #bitcoinhalving

Tether CEO Paolo Ardoino announced that Tether (USDT) is set to launch a brand new fully non-custodial tokenization platform.
Ardoino described this new platform as a "masterpiece," emphasizing that it operates without any human intervention and can support a variety of digital assets. He mentioned that the platform can tokenize anything from bonds, stocks, and funds to coffee shop reward points. Additionally, he noted that their technology backs assets worth over $107 billion in USDT.
Furthermore, the CEO of Tether stated that this tokenization platform will support Bitcoin's (BTC) second-layer projects RGB and Liquid Network.
Ardoino highlighted that USDT is pegged 1:1 to the US dollar and is one of the largest stablecoins by market capitalization. He explained that many people living in countries with rapidly depreciating currencies use USDT as checking and savings accounts because they either don't have bank accounts or banks don't care about them. This demonstrates the practical use of stablecoins in the real world.
Earlier this year, Tether also refuted allegations from a United Nations subsidiary that USDT is frequently used by criminals for money laundering and fraud in parts of Asia.
#BinanceLaunchpool #Memecoins

#XRP's price has gone up by 7% in the last day after dropping by 20%. This bounce back above $0.50 might mean the market is turning around for XRP. The increase in trading volume suggests that buyers are becoming more confident.
This rise gives hope to XRP supporters, but there's still a long way to go to recover all the losses. XRP needs to go up by another 18% to reach its previous level.
Looking at the chart, we can see some key points that could determine where XRP is headed. Right now, $0.58 is a big hurdle to cross. If XRP can pass that, it might aim for $0.60, which is a crucial level for deciding if the sentiment is bullish or bearish.
On the downside, $0.50 is important. If things go bad, the 200-day moving average, shown as the black line on the chart around $0.5780, could provide support.
Cryptocurrency markets are still volatile, so it's risky to make big moves, especially when things are uncertain. XRP is known for its sudden changes, and the current low buying power means a slow recovery is less likely.
$XRP
#BinanceLaunchpool #Memecoins