The market in the past 2 weeks has shown more fear than greed, sharks do not tend to accumulate a lot to divide into small ones, only small fish are afraid to sell off. At times like this, selling will only result in loss. If you are still making a profit, sell the original to keep the profit. If you lose, then let it go. When the shadow of the cake ends, it rises again like a kite in the wind. Wishing everyone success, including me 😂😂
As reported a few days ago, the two top performing assets are from the meme coin niche – PEPE and WIF. The former continues to rise and chart another all-time high, while the latter has gathered momentum with double-digit gains.
The situation is completely different now as PEPE has dropped 14% in one day, while WIF has dropped more than 11%. Larger-cap altcoins in the red include SHIB (-7%), DOT (-5%), DOGE (-4.5%), SOL (-3%), NEAR (-4, 5%), etc.
Binance Coin lost the $600 level after a 1% daily drop, while ETH fell 2% to $3,750.
The total cryptocurrency market capitalization saw over $60 billion disappear overnight and drop to $2.650 trillion on CG. #PEPE #WIF #BTC
HOT HOT 🔥🔥🔥🔥🔥 Pepe is about to surpass Polygon According to data from CoinMarketCap , there is fierce competition for the 18th and 19th positions on the market capitalization rankings. Polygon retains the 18th position with a market capitalization exceeding $7.2 billion. However, this position is now being challenged by Pepe which has increased its prices significantly recently. Analysis of Pepe's market capitalization shows an increase to over $6.8 billion from approximately $4.6 billion in just the past seven days. This significant increase brought Pepe closer to surpassing MATIC; Further increases may result in a change in rankings.
👉👉Pepe is more active than Polygon
Volume trend analysis on Santiment indicates that Pepe is experiencing a significant price increase. Over the past seven days, Pepe's volume chart has consistently shown daily volume exceeding $2 billion, with some cases approaching the $4 billion mark. Currently, the volume reaches more than 2.6 billion USD.
Bitcoin price fell from $70,000 to below $68,000 as known MT Gox bitcoin addresses saw movement for the first time since 2018.
A tracking bot said multiple transfers had been made, like this one, with the appearance that almost all of the remaining roughly 140,000 bitcoins had been moved. This suggests that MT Gox creditors will receive their bitcoin approximately ten years after the once-dominant exchange went bankrupt in 2014.
Distribution will be done through existing exchanges, such as Kraken or Bitstamp. It's unclear how long it will take them, but it could be a few hours to a few days after receiving the money. It is also unclear how many of the 10,000 MT Gox creditors worldwide will sell their bitcoin and Bitcoin Cash.
Some estimates suggest 20%-30% based on the stage of the cycle and given that these new funds are a reward for most of them over a long period of time, with this allocation known for a few weeks below tabular form on the creditor's website. updated to specify the amount, although the timing has now been clarified somewhat. #BTC #MTGOX
In harmony with the red flag during the April 30 holiday, the school is struggling The market trend shows that it is purging those who do not have enough confidence, the level of fear is increasing and is accompanied by continuous dumping. This stage needs to be steadfast. It won't be long before the market recovers and breaks out.
My account has dropped 30% When the market goes down, it's an opportunity to collect green stocks
The Shiba Inu development team has announced that the Shibarium network is ready to undergo a transformational hard fork on May 2. This important upgrade is not only aimed at enhancing user experience but also strengthening the the infrastructure that supports the network's growing ecosystem.
The development team described the upgrade as an important evolutionary step for Shibarium, introducing new features designed to significantly enhance network functionality and the ability to respond to community needs.
A hard fork in blockchain technology is a major change to the protocol that requires all nodes or users to upgrade to the latest version of the protocol software. This difference from the previous version of the blockchain will allow the introduction of new features and improvements. Specifically, this hard fork will see the introduction of some significant changes to the Shibarium network. The main goal behind the hard fork is to significantly enhance transaction processing speed. With the update, the network is expected to achieve faster transaction validation, thereby reducing confirmation latency. This is important to maintain network efficiency and competitiveness.
As May 2 approaches, the Shiba Inu community and stakeholders are encouraged to monitor developments and prepare for the changes the hard fork will bring. This upgrade is not simply a technical modification but a strategic expansion designed to enhance the overall efficiency and reach of the Shibarium network. #SHIB #SHIB.
PEPE price has managed to break out of a descending wedge pattern, but it is still facing a key hurdle on its way to $0.00001000. The marked resistance at $0.00000826 has been tested as both resistance and support levels in the past.
Converting this line into a support level is important, because only then will said supply have a chance to be profitable . This would also allow PEPE price to rise and test the $0.00001007 resistance, confirming the 60% target achieved by the falling wedge.
However, if the breach fails, PEPE price could record a decline to test support at $0.00000633. Losing this support would invalidate the bullish thesis, pushing the meme coin up to $0.00000474.
The PEPE token is creating a new wave in the cryptocurrency market with significant advancements in recent times. With the current price at 0.0000071 USD, PEPE is presenting attractive investment opportunities for cryptocurrency investors in the short term, approximately over the next month. Key factors driving the strong development of PEPE in the near future include:
1. Robust technological foundation: PEPE is built on an advanced technology platform, ensuring security, fast transaction speeds, and scalability. This enables PEPE to meet the increasing demands of the cryptocurrency market.
2. Growing user community: Over time, PEPE has attracted a large and enthusiastic user community. The growth of this community will continue to drive the demand for PEPE, thereby creating strong upward price pressure.
3. New projects and partnerships: The development team behind PEPE is continuously updating and introducing new projects, as well as collaborating with potential partners in the cryptocurrency field. This will expand the applications of PEPE and enhance its value in the market.
4. Stable regulatory environment: Legal regulations related to cryptocurrencies are gradually being refined, creating a more stable business environment for PEPE and other cryptocurrencies. This will increase investor confidence in the growth potential of PEPE.
With these factors in mind, we can expect PEPE to continue its strong breakthrough in the short term, approximately over the next month. This will provide attractive profit opportunities for smart cryptocurrency investors who understand and capture the growth trends of PEPE.
Shiba Inu, a meme cryptocurrency based on the Ethereum network, has undergone a real race in value since its launch in 2020. After peaking in October 2021 at a price of 0.00008 USD, the price SHIB has dropped sharply in recent months due to saturation in the cryptocurrency market in general. As of April 2024, SHIB is trading around 0.000002 USD, equivalent to a decrease of about 97% compared to its 2021 peak. Although still in the top 20 largest cryptocurrencies by market capitalization, SHIB's decline reflects investor caution towards meme coins and concerns about their long-term sustainability. Despite this, the large Shiba Inu community remains optimistic and hopes prices will recover in the future thanks to technological improvements and wider adoption.
What do you think when SHIB prepares to fly? #SHIB #PEPE
Bitcoin price tends to increase after each halving (halving of mining rewards). However, this is just a general observation, not a rule. There are many other factors that influence the price of Bitcoin. Below are a few comments on Bitcoin price after previous halvings:
The first halving (November 28, 2012): - About 1 year before halving, Bitcoin peaked at 31.9 USD (June 2011) - Right after the halving, the price dropped to 11 USD (November 2012) - Then, the price increased to a peak of 1,038 USD at the end of 2013
The second halving (July 9, 2016): - Before halving, the price fluctuated between 450-700 USD (2015) - After the halving, the price continued to increase, reaching a peak of 19,891 USD (December 2017)
The third halving (May 11, 2020): - Before the halving, the price dropped below 4,000 USD (March 2020) due to the Covid pandemic - After the halving, the price recovered and peaked at 69,000 USD in November 2021
Thus, after each halving, Bitcoin price has a period of strong increase but does not follow a fixed rule. Increasing supply and demand, widespread adoption and market cycles are important factors.
And you, what do you think about the upcoming halving event? Please leave a comment. #BTC #PEPE #SAGA #SHIB