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PEPE price forecast for 2024 in brief:
Pepe Coin Price Forecast for 1 Year According to our short-term analysis, Pepe Price Forecast for May 2024 shows the average price of the token at 0.00001 and the highest possible price for May 2024 is $0.000011. Based on our long-term analysis, the Pepe price forecast for September 2024 shows an average price of 0.000013, and the highest possible price for the month will be 0.000014.
#HotTrends
#PEPE
#BTC
Pepe Coin Price Forecast for 1 Year According to our short-term analysis, Pepe Price Forecast for May 2024 shows the average price of the token at 0.00001 and the highest possible price for May 2024 is $0.000011. Based on our long-term analysis, the Pepe price forecast for September 2024 shows an average price of 0.000013, and the highest possible price for the month will be 0.000014.
#HotTrends
#PEPE
#BTC
...
Crypto Talent Crunch Hinders Fortune 500 Adoption Plans: Coinbase
As major US corporations embrace blockchain, calls for clear regulations are growing louder, a Coinbase survey conducted on Fortune 500 (F500) executives revealed.
But in the “State of Crypto” report published Wednesday, Coinbase said F500 execs are more worried about securing reliable crypto talent than navigating regulations. Additionally, a lack of understanding and clear steps to implement blockchain technology hinder broader adoption.
The survey showed the US is losing ground in the crypto talent race. This is despite 56% of Fortune 500 companies working on blockchain projects, including consumer-friendly payment applications. The report revealed a concerning 14% drop in US-based crypto developers over the past five years, with only 26% remaining domestically as of May.
Even so, Coinbase highlighted a growing demand for crypto-savvy talent. Even small businesses are seeking candidates with crypto knowledge for finance, legal, and tech positions.
The exchange emphasized that clear regulations are crucial for retaining US developers and maintaining the country’s leadership in tech innovation.
Fortune 500 Execs Embrace Tokenization: 86% See Potential, 35% Actively Planning Projects
It also showed that a strong appetite for US collaboration is emerging among Fortune 500 leaders. The report pointed to a surge in interest in partnering with US companies for crypto initiatives (79%, up from 73% last year). Further, 72% of these executives believe a US-backed digital currency (compared to the Yen) is critical for maintaining the US’ global economic competitiveness.
Also, it appears F500 executives plan to put their money where their mouth is. They have allocated a significant average budget of $9.5m for blockchain projects in 2024. And most F500 companies plan to maintain or increase their crypto and blockchain budgets over the next two years.
A strong focus on cost savings and efficiency is driving interest in blockchain. Coinbase’s report revealed that 70% of F500 executives are keen to explore stablecoins, particularly for their potential to enable faster and cheaper payments. Further, 86% recognize the potential benefits of tokenization, a tech for representing assets on a blockchain, and 35% are already planning tokenization projects within their companies.
Uncertain US Regulations Drive Crypto Exodus
Faced with US regulatory uncertainty, crypto companies have migrated their headquarters abroad in recent years. This allows them to focus on development without the regulatory burden. However, these companies still value the US talent pool and prefer to hire American workers. But Coinbase’s report suggests a growing tension.
Developers appear increasingly drawn to countries like Singapore, Hong Kong, and Dubai, which offer clearer and more friendly regulatory environments. This trend highlights the lack of a unified approach in the US, where different agencies have varying policies, creating confusion for businesses. This exodus weakens the US’ position in the global crypto landscape.
#BinanceTournament #BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
As major US corporations embrace blockchain, calls for clear regulations are growing louder, a Coinbase survey conducted on Fortune 500 (F500) executives revealed.
But in the “State of Crypto” report published Wednesday, Coinbase said F500 execs are more worried about securing reliable crypto talent than navigating regulations. Additionally, a lack of understanding and clear steps to implement blockchain technology hinder broader adoption.
The survey showed the US is losing ground in the crypto talent race. This is despite 56% of Fortune 500 companies working on blockchain projects, including consumer-friendly payment applications. The report revealed a concerning 14% drop in US-based crypto developers over the past five years, with only 26% remaining domestically as of May.
Even so, Coinbase highlighted a growing demand for crypto-savvy talent. Even small businesses are seeking candidates with crypto knowledge for finance, legal, and tech positions.
The exchange emphasized that clear regulations are crucial for retaining US developers and maintaining the country’s leadership in tech innovation.
Fortune 500 Execs Embrace Tokenization: 86% See Potential, 35% Actively Planning Projects
It also showed that a strong appetite for US collaboration is emerging among Fortune 500 leaders. The report pointed to a surge in interest in partnering with US companies for crypto initiatives (79%, up from 73% last year). Further, 72% of these executives believe a US-backed digital currency (compared to the Yen) is critical for maintaining the US’ global economic competitiveness.
Also, it appears F500 executives plan to put their money where their mouth is. They have allocated a significant average budget of $9.5m for blockchain projects in 2024. And most F500 companies plan to maintain or increase their crypto and blockchain budgets over the next two years.
A strong focus on cost savings and efficiency is driving interest in blockchain. Coinbase’s report revealed that 70% of F500 executives are keen to explore stablecoins, particularly for their potential to enable faster and cheaper payments. Further, 86% recognize the potential benefits of tokenization, a tech for representing assets on a blockchain, and 35% are already planning tokenization projects within their companies.
Uncertain US Regulations Drive Crypto Exodus
Faced with US regulatory uncertainty, crypto companies have migrated their headquarters abroad in recent years. This allows them to focus on development without the regulatory burden. However, these companies still value the US talent pool and prefer to hire American workers. But Coinbase’s report suggests a growing tension.
Developers appear increasingly drawn to countries like Singapore, Hong Kong, and Dubai, which offer clearer and more friendly regulatory environments. This trend highlights the lack of a unified approach in the US, where different agencies have varying policies, creating confusion for businesses. This exodus weakens the US’ position in the global crypto landscape.
#BinanceTournament #BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
...
In the ongoing debate over whether Bitcoin or gold is the optimal store of value, Jurian Timmer, Director of Global Macro at Fidelity, offers new insights that bring this controversial topic back into the spotlight.
According to Timmer, both Bitcoin and gold are viewed as hedging assets against the erosion of monetary value resulting from expansionary fiscal policies that increase the money supply, which in turn leads to inflation.
This correlation becomes clear when comparing the growth rate of the money supply (M2) over a decade with the Consumer Price Index (CPI).
Bitcoin and gold as a store of value:
Timmer posits that for both Bitcoin and gold to prove their worth as a sustainable store of value, there must be sustained growth in monetary aggregates beyond the general trend.
But he points out that this condition has not yet been met.
During the COVID-19 pandemic, we saw a significant increase in the money supply, but this increase was quickly offset by the US Federal Reserve's tight monetary policies.
This means that the conditions for Bitcoin to flourish as an effective alternative to gold have not yet existed.
When talking about Bitcoin, Timmer prefers to refer to it as “gold 2.0” rather than “exponential gold,” due to its unique combination of traditional monetary properties and the advanced technology that characterizes its network.
The debate about Bitcoin's ability to outperform gold as a store of value dates back to the time when the cryptocurrency gained widespread popularity and global reach.
Since the first Bitcoin transaction, which was linked to a major financial crisis, debate has continued over whether Bitcoin can outperform gold in the future.
Impact of ETFs on Bitcoin:
The launch of Bitcoin exchange-traded funds (ETFs) has fueled this debate, as the cryptocurrency is now available to hundreds of millions of investors in traditional ways.
This development has increased discussion about the possibility of Bitcoin overtaking gold in terms of market capitalization.
Currently, the market cap of gold is over $15.6 trillion, while the market cap of Bitcoin is around $1.33 trillion.
For Bitcoin to match gold's market cap, it would need to grow at a rate of 11.72 times, which means the price of Bitcoin would need to rise to about $790,000 per coin.
These numbers highlight the current large gap between the two assets, and highlight the challenges that Bitcoin faces in achieving gold’s safe-haven status.
However, debate continues among investors and experts about whether or not Bitcoin will be able to achieve this feat in the near future.
#BTCFOMCWatch #TopCoinsJune2024 #CPIAlert #ETFvsBTC
$BTC
$ETH
According to Timmer, both Bitcoin and gold are viewed as hedging assets against the erosion of monetary value resulting from expansionary fiscal policies that increase the money supply, which in turn leads to inflation.
This correlation becomes clear when comparing the growth rate of the money supply (M2) over a decade with the Consumer Price Index (CPI).
Bitcoin and gold as a store of value:
Timmer posits that for both Bitcoin and gold to prove their worth as a sustainable store of value, there must be sustained growth in monetary aggregates beyond the general trend.
But he points out that this condition has not yet been met.
During the COVID-19 pandemic, we saw a significant increase in the money supply, but this increase was quickly offset by the US Federal Reserve's tight monetary policies.
This means that the conditions for Bitcoin to flourish as an effective alternative to gold have not yet existed.
When talking about Bitcoin, Timmer prefers to refer to it as “gold 2.0” rather than “exponential gold,” due to its unique combination of traditional monetary properties and the advanced technology that characterizes its network.
The debate about Bitcoin's ability to outperform gold as a store of value dates back to the time when the cryptocurrency gained widespread popularity and global reach.
Since the first Bitcoin transaction, which was linked to a major financial crisis, debate has continued over whether Bitcoin can outperform gold in the future.
Impact of ETFs on Bitcoin:
The launch of Bitcoin exchange-traded funds (ETFs) has fueled this debate, as the cryptocurrency is now available to hundreds of millions of investors in traditional ways.
This development has increased discussion about the possibility of Bitcoin overtaking gold in terms of market capitalization.
Currently, the market cap of gold is over $15.6 trillion, while the market cap of Bitcoin is around $1.33 trillion.
For Bitcoin to match gold's market cap, it would need to grow at a rate of 11.72 times, which means the price of Bitcoin would need to rise to about $790,000 per coin.
These numbers highlight the current large gap between the two assets, and highlight the challenges that Bitcoin faces in achieving gold’s safe-haven status.
However, debate continues among investors and experts about whether or not Bitcoin will be able to achieve this feat in the near future.
#BTCFOMCWatch #TopCoinsJune2024 #CPIAlert #ETFvsBTC
$BTC
$ETH
Recent data from Barchart indicates that the correlation between Bitcoin (BTC) and the 10-year US Treasury bond yield has fallen to its lowest levels in 14 years.
At the beginning of this week, the correlation dropped to minus 53.
The Treasury yield reflects the return investors can earn when purchasing U.S. government obligations.
Treasury yield expectations:
Bond experts believe that Treasury yields may reach high levels soon before seeing a slight decline at the end of the year.
The 10-year Treasury yield has been volatile this year, affected by investors' expectations that the US Federal Reserve will cut interest rates several times.
However, yields saw a rise after economic data came in stronger than expected and inflation continued to rise.
Currently, there is still no clarity on whether the Fed will cut rates twice or once this year, or perhaps not make any cuts in 2024.
This uncertain outlook has a significant impact on financial markets, including the cryptocurrency market.
Bitcoin prices have been affected significantly recently.
The price of the digital currency Bitcoin fell to $66,000 on Tuesday after exchange-traded funds (ETFs) saw the end of a 19-day streak of inflows.
Despite the strong flows recorded last week, Bitcoin was unable to exceed the $72,000 level due to stronger than expected jobs data.
Currently, most attention is on the decisions that will be issued today by the Federal Reserve regarding the interest rate, after which we will see how the price of Bitcoin and the rest of the alternative digital currencies will react to these decisions.
#BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
At the beginning of this week, the correlation dropped to minus 53.
The Treasury yield reflects the return investors can earn when purchasing U.S. government obligations.
Treasury yield expectations:
Bond experts believe that Treasury yields may reach high levels soon before seeing a slight decline at the end of the year.
The 10-year Treasury yield has been volatile this year, affected by investors' expectations that the US Federal Reserve will cut interest rates several times.
However, yields saw a rise after economic data came in stronger than expected and inflation continued to rise.
Currently, there is still no clarity on whether the Fed will cut rates twice or once this year, or perhaps not make any cuts in 2024.
This uncertain outlook has a significant impact on financial markets, including the cryptocurrency market.
Bitcoin prices have been affected significantly recently.
The price of the digital currency Bitcoin fell to $66,000 on Tuesday after exchange-traded funds (ETFs) saw the end of a 19-day streak of inflows.
Despite the strong flows recorded last week, Bitcoin was unable to exceed the $72,000 level due to stronger than expected jobs data.
Currently, most attention is on the decisions that will be issued today by the Federal Reserve regarding the interest rate, after which we will see how the price of Bitcoin and the rest of the alternative digital currencies will react to these decisions.
#BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
On Tuesday, June 11, US Bitcoin exchange-traded funds (ETFs) recorded net outflows of $200 million.
This comes as the market awaits crucial economic indicators, including Consumer Price Index (CPI) data and Federal Open Market Committee (FOMC) decisions today, Wednesday, June 12.
The end of the series of Bitcoin ETF inflows:
Farside Investors data showed that Grayscale's Bitcoin Trust (GBTC) topped the list of Bitcoin exchange-traded funds that saw the largest outflows, with net outflows reaching $121 million.
Ark Invest's ARKB fund followed with inflows of $56.5 million.
Other funds such as Bitwise's BITB also recorded outflows of $11.7 million, while Fidelity and VanEck funds saw smaller inflows, amounting to $7.4 million and $3.8 million, respectively.
It is worth noting that some funds, such as BlackRock's IBIT, saw no activity on Tuesday.
This wave of outflows marks the end of a 19-day streak.
These outflows come at a sensitive time, as investors are eagerly awaiting the results of important economic indicators from the United States.
Consumer Price Index (CPI) data is expected today, which will likely influence the Fed's decisions on the interest rate path.
According to a CNBC report, the Consumer Price Index is expected to register a slight increase of 0.1% compared to April, reflecting the general trend of slowing inflation.
Regarding interest rate decisions by the Federal Reserve, expectations indicate a 99.4% probability of maintaining the current interest rate at 5.50%.
However, Reuters polls indicate that there is a possibility of two possible interest rate cuts during this year, starting in September.
#BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
This comes as the market awaits crucial economic indicators, including Consumer Price Index (CPI) data and Federal Open Market Committee (FOMC) decisions today, Wednesday, June 12.
The end of the series of Bitcoin ETF inflows:
Farside Investors data showed that Grayscale's Bitcoin Trust (GBTC) topped the list of Bitcoin exchange-traded funds that saw the largest outflows, with net outflows reaching $121 million.
Ark Invest's ARKB fund followed with inflows of $56.5 million.
Other funds such as Bitwise's BITB also recorded outflows of $11.7 million, while Fidelity and VanEck funds saw smaller inflows, amounting to $7.4 million and $3.8 million, respectively.
It is worth noting that some funds, such as BlackRock's IBIT, saw no activity on Tuesday.
This wave of outflows marks the end of a 19-day streak.
These outflows come at a sensitive time, as investors are eagerly awaiting the results of important economic indicators from the United States.
Consumer Price Index (CPI) data is expected today, which will likely influence the Fed's decisions on the interest rate path.
According to a CNBC report, the Consumer Price Index is expected to register a slight increase of 0.1% compared to April, reflecting the general trend of slowing inflation.
Regarding interest rate decisions by the Federal Reserve, expectations indicate a 99.4% probability of maintaining the current interest rate at 5.50%.
However, Reuters polls indicate that there is a possibility of two possible interest rate cuts during this year, starting in September.
#BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
Bitcoin prices have witnessed significant fluctuations recently, as they were affected by important economic developments in the United States of America.
The value of Bitcoin fell from more than $70,000 to about $66,000 ahead of the release of US CPI data and the upcoming meeting of the Federal Open Market Committee (FOMC) on Wednesday.
Bitcoin is preparing for new developments:
Over the past week, Bitcoin has seen significant volatility as the value of the coin dropped from $72,000 to less than $68,600 in just a few hours.
Although the weekend was more stable, as Bitcoin recovered part of its losses and reached about $69,000, events took a positive turn at the beginning of this week.
The value of Bitcoin rose again to more than $70,000 on Monday.
However, this recovery was short-lived, as the end of a series of Bitcoin ETF inflows led to another decline in the value of the coin, pushing it to around $68,000 on Tuesday.
The price then fell again over the past 12 hours, falling to its lowest level since May 20 at $66,000.
This decline comes in light of the investor public's concern over the US Consumer Price Index data and the Federal Open Market Committee meeting
Despite these fluctuations, Bitcoin has managed to partially recover and is currently trading at over $68,200.
However, volatility is expected to continue with increasing interest in US market developments.
Currently, Bitcoin's market capitalization is estimated at less than $1.33 trillion, with a dominance of about 51.5% of the cryptocurrency market.
#BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
The value of Bitcoin fell from more than $70,000 to about $66,000 ahead of the release of US CPI data and the upcoming meeting of the Federal Open Market Committee (FOMC) on Wednesday.
Bitcoin is preparing for new developments:
Over the past week, Bitcoin has seen significant volatility as the value of the coin dropped from $72,000 to less than $68,600 in just a few hours.
Although the weekend was more stable, as Bitcoin recovered part of its losses and reached about $69,000, events took a positive turn at the beginning of this week.
The value of Bitcoin rose again to more than $70,000 on Monday.
However, this recovery was short-lived, as the end of a series of Bitcoin ETF inflows led to another decline in the value of the coin, pushing it to around $68,000 on Tuesday.
The price then fell again over the past 12 hours, falling to its lowest level since May 20 at $66,000.
This decline comes in light of the investor public's concern over the US Consumer Price Index data and the Federal Open Market Committee meeting
Despite these fluctuations, Bitcoin has managed to partially recover and is currently trading at over $68,200.
However, volatility is expected to continue with increasing interest in US market developments.
Currently, Bitcoin's market capitalization is estimated at less than $1.33 trillion, with a dominance of about 51.5% of the cryptocurrency market.
#BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
Crypto Hacks Net $19B Since 2011 and Illegal Activity on Blockchain Is Still Growing
Almost $19 billion of crypto has been stolen over the past 13 years.
The largest theft, $2.9 billion, took place in 2019.
Illegal activity on the blockchain has continued to grow in 2023 and 2024, the report said.
Almost $19 billion worth of cryptocurrency has been stolen in thefts dating back to 2011 and the industry continues to grapple with rising blockchain-related crime, according to a report from Crystal Intelligence.
The report notes 785 incidents of crypto theft comprising 220 security breaches, 345 decentralized finance (DeFi) hacks and 220 fraud schemes.
The largest theft occurred in 2019, when $2.9 billion was stolen in connection to the Plus Token Ponzi scheme. Crypto crime has continued to surge since then, and 2023 set records for the volume of crypto thefts with 286 incidents worth more than a total of $2.3 billion.
"Even with improved and enhanced monitoring and reporting mechanisms, illegal activity on the blockchain has continued to grow," the report said.
Over the past two years Ethereum has become the No. 1 target, with 131 incidents worth almost $1.3 billion in all. That's followed by Binance Smart Chain (BSC), hit 100 times for over $186 million.
The report takes into account all hacks until March 2024. Since then, Japanese crypto exchange DMM Bitcoin was hacked for $320 million, with the company saying it will raise the capital to pay back all affected users.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$ETH
$BNB
Almost $19 billion of crypto has been stolen over the past 13 years.
The largest theft, $2.9 billion, took place in 2019.
Illegal activity on the blockchain has continued to grow in 2023 and 2024, the report said.
Almost $19 billion worth of cryptocurrency has been stolen in thefts dating back to 2011 and the industry continues to grapple with rising blockchain-related crime, according to a report from Crystal Intelligence.
The report notes 785 incidents of crypto theft comprising 220 security breaches, 345 decentralized finance (DeFi) hacks and 220 fraud schemes.
The largest theft occurred in 2019, when $2.9 billion was stolen in connection to the Plus Token Ponzi scheme. Crypto crime has continued to surge since then, and 2023 set records for the volume of crypto thefts with 286 incidents worth more than a total of $2.3 billion.
"Even with improved and enhanced monitoring and reporting mechanisms, illegal activity on the blockchain has continued to grow," the report said.
Over the past two years Ethereum has become the No. 1 target, with 131 incidents worth almost $1.3 billion in all. That's followed by Binance Smart Chain (BSC), hit 100 times for over $186 million.
The report takes into account all hacks until March 2024. Since then, Japanese crypto exchange DMM Bitcoin was hacked for $320 million, with the company saying it will raise the capital to pay back all affected users.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$ETH
$BNB
🚀🚀😱Top 4 Altcoins of 2024 for Smart Investors😱🚀🚀
1.Avalanche (AVAX ) Witnesses Price Decline Amid Increased Market SwingsAVAX ’s price has seen a notable decline, continuing a downward trend over recent days. The Bollinger Bands signal increased volatility in both short and long-term price movements.As trading volumes rise and the circulating supply expands, investors are evaluating its status as a top altcoin for 2024, given its dynamic ecosystem and potential for rebound.
2. Dogecoin Responds to Minor Market AdjustmentsDogecoin is weathering slight changes in market sentiment, with a modest 0.67% decrease over the last day. Stable for now, DOGE shows resilience amidst market volatility.It encounters resistance at a pivotal level; surpassing this could allow it to approach a higher psychological mark. On the flip side, maintaining support is essential to fend off any potential declines. Current indicators suggest a moderately optimistic outlook and a stable market.
3. Cardano’s Price Teeters on the Edge of a Steep FallCardano’s value has plummeted from its peak in 2024, creating a bearish ascending triangle pattern that suggests a further 17% drop. The Relative Strength Index (RSI) remains below the midpoint, affirming this pessimistic prediction.ADA appears set to continue its decline, potentially pausing at specific support zones before reaching its projected lower target. Investors ponder if it still ranks as a top altcoin for 2024, given its current trend and market conditions.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$AVAX
$DOGE
$ADA
1.Avalanche (AVAX ) Witnesses Price Decline Amid Increased Market SwingsAVAX ’s price has seen a notable decline, continuing a downward trend over recent days. The Bollinger Bands signal increased volatility in both short and long-term price movements.As trading volumes rise and the circulating supply expands, investors are evaluating its status as a top altcoin for 2024, given its dynamic ecosystem and potential for rebound.
2. Dogecoin Responds to Minor Market AdjustmentsDogecoin is weathering slight changes in market sentiment, with a modest 0.67% decrease over the last day. Stable for now, DOGE shows resilience amidst market volatility.It encounters resistance at a pivotal level; surpassing this could allow it to approach a higher psychological mark. On the flip side, maintaining support is essential to fend off any potential declines. Current indicators suggest a moderately optimistic outlook and a stable market.
3. Cardano’s Price Teeters on the Edge of a Steep FallCardano’s value has plummeted from its peak in 2024, creating a bearish ascending triangle pattern that suggests a further 17% drop. The Relative Strength Index (RSI) remains below the midpoint, affirming this pessimistic prediction.ADA appears set to continue its decline, potentially pausing at specific support zones before reaching its projected lower target. Investors ponder if it still ranks as a top altcoin for 2024, given its current trend and market conditions.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$AVAX
$DOGE
$ADA
🚀😱PEPE and BONK heading for a Bull Run as the market crashes😱🚀🚀
The volatility is peaking as the crypto market crashes with the FOMC meeting and the inflation report coming on June 12th.
However, certain meme coins like the PEPE and BONK are resurfacing as the optimistic eyes expect a recovery in this segment. With the #PEPE price jumping 5.41% last night and the #BONK ready for a morning star, the meme coins are ready for a trend reversal. Will this reversal rally lead to a broader market comeback this month? Let’s examine the price chart and technical analysis of PEPE and BONK to learn more.
PEPE Plans Meme Coin Segment Reversal
With a pullback phase in the daily chart, the PEPE price trend shows a retest of the 50D EMA. Following the retest, the meme coin price trend takes a lateral shift with no decisive move in the past four days.
However, with the recent overnight jump of 5.41% along with an intraday move of 1.04% today, the PEPE price trend reveals a potential comeback move. Furthermore, the MACD and signal lines plan for a bullish crossover in the positive territory.
Hence, if the broader market recovers post-FOMC meeting, the PEPE price could surge to its all-time high levels. Optimistically, the bull run can lead the meme coin to break $0.000018 and reach the psychological mark of $0.000020.
A Morning Star Bull Run For BONK?
With a negative cycle in the rising channel pattern, the BONK price drops under the 50D EMA. Further, the meme coin loses the critical level of 50% Fibonacci level and the $0.000030 psychological mark.
The BONK price action reveals a bullish failure of the rounding bottom pattern and tests the support zone at the 38.20% Fibonacci level at $0.00002679.
With the bullish recovery, a morning star pattern forms at a crucial level of support, teasing a comeback rally. If the buyers undermine the selling pressure to reverse the trend polarity, the uptrend in the meme coin can reach $0.00003756.
#Binance200M #IOprediction #TopCoinsJune2024 #ETFvsBTC
$PEPE
$BONK
The volatility is peaking as the crypto market crashes with the FOMC meeting and the inflation report coming on June 12th.
However, certain meme coins like the PEPE and BONK are resurfacing as the optimistic eyes expect a recovery in this segment. With the #PEPE price jumping 5.41% last night and the #BONK ready for a morning star, the meme coins are ready for a trend reversal. Will this reversal rally lead to a broader market comeback this month? Let’s examine the price chart and technical analysis of PEPE and BONK to learn more.
PEPE Plans Meme Coin Segment Reversal
With a pullback phase in the daily chart, the PEPE price trend shows a retest of the 50D EMA. Following the retest, the meme coin price trend takes a lateral shift with no decisive move in the past four days.
However, with the recent overnight jump of 5.41% along with an intraday move of 1.04% today, the PEPE price trend reveals a potential comeback move. Furthermore, the MACD and signal lines plan for a bullish crossover in the positive territory.
Hence, if the broader market recovers post-FOMC meeting, the PEPE price could surge to its all-time high levels. Optimistically, the bull run can lead the meme coin to break $0.000018 and reach the psychological mark of $0.000020.
A Morning Star Bull Run For BONK?
With a negative cycle in the rising channel pattern, the BONK price drops under the 50D EMA. Further, the meme coin loses the critical level of 50% Fibonacci level and the $0.000030 psychological mark.
The BONK price action reveals a bullish failure of the rounding bottom pattern and tests the support zone at the 38.20% Fibonacci level at $0.00002679.
With the bullish recovery, a morning star pattern forms at a crucial level of support, teasing a comeback rally. If the buyers undermine the selling pressure to reverse the trend polarity, the uptrend in the meme coin can reach $0.00003756.
#Binance200M #IOprediction #TopCoinsJune2024 #ETFvsBTC
$PEPE
$BONK
What is the new IO coin?
Io Net is one of the new digital currencies that will be launched to revolutionize the world of decentralized computing. It is a decentralized fee processing network, specifically designed to give unlimited computing power in machine learning applications, by accumulating about a million or more units. Graphics processing from independent data centers and cryptocurrencies, allowing machine learning application engineers to access a number of distributed clusters that support development at a fraction of the cost of other similar centralized services.
According to what Binance announced, the supply of this coin reaches 500,000,000 IO, and the total supply reaches 800,000,000 IO.While the value of the rewards amounts to about 4% of the total allocated offer, as the first offer for trading will be in the IO currency at about 95,000,000 of the currency.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$IO
Io Net is one of the new digital currencies that will be launched to revolutionize the world of decentralized computing. It is a decentralized fee processing network, specifically designed to give unlimited computing power in machine learning applications, by accumulating about a million or more units. Graphics processing from independent data centers and cryptocurrencies, allowing machine learning application engineers to access a number of distributed clusters that support development at a fraction of the cost of other similar centralized services.
According to what Binance announced, the supply of this coin reaches 500,000,000 IO, and the total supply reaches 800,000,000 IO.While the value of the rewards amounts to about 4% of the total allocated offer, as the first offer for trading will be in the IO currency at about 95,000,000 of the currency.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$IO
...
Anthony Scaramucci, founder of Skybridge Capital, has predicted that Bitcoin could potentially become a $500,000, even $700,000 asset, despite only 5% adoption in the U.S.
In an interview with David Lin on June 7th, Scaramucci suggested that if Bitcoin continues to scale and adopt at the same pace as in the past decade, its value could reach unprecedented heights. He compared Bitcoin’s potential growth to that of gold, touting, “If gold is at $16 trillion and Bitcoin is at $1.5 trillion, could Bitcoin surge 10x in the next 15 years?”
Scaramucci had previously spoken to CNBC last April about his $16 trillion market cap prediction for Bitcoin reminding viewers, no one who held onto the asset had lost money in the past 4 years.
Scaramucci explained to Lin that in the digital world, people would accept a store of value if it meets certain criteria: scarcity, ease of use, and trustworthiness. He told David, “There's no reason why this can't be a $300,000, $400,000, $500,000 asset.”
Scaramucci also noted that Bitcoin is currently tracking like a tech asset, similar to Nvidia and other major tech stocks. However, as it matures, it will start to exhibit properties similar to gold. He also mentioned that rate cuts by central banks could impact Bitcoin, as they expand market equity and provide relief in sectors like real estate.
Last month, Scaramucci joined Benzinga’s PreMarket Prep Monday. When the topic of 5% adoption in the US surfaced, he said, “That’s akin to Web 1 in 1999. I would just tell you to look at the Web 1 volatility of stocks like Amazon, eBay, etcetera, back in 1999. As things adapt and scale (and I predict Bitcoin will scale), you will see a situation where Bitcoin has a billion users. The value of that network will be exponentially larger, and Bitcoin will be at $150,000.”
While acknowledging gold’s 5,000-year history as a valuable asset, Scaramucci pointed out that gold isn’t as user-friendly or transportable as Bitcoin. He said, “I understand why people own gold. I understand the 5,000-year human commitment to gold, but it's just not as user-friendly, it's not as transportable as Bitcoin.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
In an interview with David Lin on June 7th, Scaramucci suggested that if Bitcoin continues to scale and adopt at the same pace as in the past decade, its value could reach unprecedented heights. He compared Bitcoin’s potential growth to that of gold, touting, “If gold is at $16 trillion and Bitcoin is at $1.5 trillion, could Bitcoin surge 10x in the next 15 years?”
Scaramucci had previously spoken to CNBC last April about his $16 trillion market cap prediction for Bitcoin reminding viewers, no one who held onto the asset had lost money in the past 4 years.
Scaramucci explained to Lin that in the digital world, people would accept a store of value if it meets certain criteria: scarcity, ease of use, and trustworthiness. He told David, “There's no reason why this can't be a $300,000, $400,000, $500,000 asset.”
Scaramucci also noted that Bitcoin is currently tracking like a tech asset, similar to Nvidia and other major tech stocks. However, as it matures, it will start to exhibit properties similar to gold. He also mentioned that rate cuts by central banks could impact Bitcoin, as they expand market equity and provide relief in sectors like real estate.
Last month, Scaramucci joined Benzinga’s PreMarket Prep Monday. When the topic of 5% adoption in the US surfaced, he said, “That’s akin to Web 1 in 1999. I would just tell you to look at the Web 1 volatility of stocks like Amazon, eBay, etcetera, back in 1999. As things adapt and scale (and I predict Bitcoin will scale), you will see a situation where Bitcoin has a billion users. The value of that network will be exponentially larger, and Bitcoin will be at $150,000.”
While acknowledging gold’s 5,000-year history as a valuable asset, Scaramucci pointed out that gold isn’t as user-friendly or transportable as Bitcoin. He said, “I understand why people own gold. I understand the 5,000-year human commitment to gold, but it's just not as user-friendly, it's not as transportable as Bitcoin.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
...
Bitcoin ETFs See $200M Net Outflows in Fed, CPI Jitters
U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded the second consecutive day of outflows driven by Grayscale's GBTC.
The outflows are likely due to traders derisking ahead of U.S. CPI and the Fed rate decision.
U.S.-listed spot bitcoin exchange-traded funds (ETFs) saw a second-straight day of outflows as traders likely derisked ahead of key macroeconomic reports scheduled for later Wednesday.
Data from SoSoValue shows the eleven ETFs recorded $200 million in net outflows on Tuesday, the highest since May 1 figures of $580 million. Redemptions came amid a BTC sell-off, during which the asset briefly tumbled to $66,200 before recovering.
Grayscale’s GBTC accounted for most of the $120 million in outflows, leading among its counterparts. GBTC continues its infamous run of being the worst-performing ETF by outflows since going live in January, racking up a cumulative $18 billion in outflows.
Ark Invest’s ARKB, Bitwise’s BITB, Fidelity’s FBTC and VanEck’s HODL recorded outflows ranging from $56 million to $7 million. None of the ETFs saw any inflows.
Traders said the outflows were likely derisking action ahead of the CPI reading on Wednesday and the two-day Federal Open Market Committee (FOMC) meeting that ends today, during which the Fed’s monetary policy will be decided.
“Markets are [in] risk-off mode ahead of CPI and FOMC tomorrow. This month's FOMC will also release the Dot Plot, which informs the market how many cuts the Fed anticipates for the rest of 2024,” Singapore-based QCP Capital said in a Tuesday broadcast message.
However, the firm added that its long-term bullish view remained intact.
“Despite short-term headwinds, we think this might be a good opportunity to accumulate coin. Bullish events on the horizon, such as the eventual ETH spot ETF going live along with Biden and Trump in a verbal armsrace to win the crypto vote,” QCP said.
Additional headwinds are Treasury secretary Janet Yellen’s speech on Friday, which may cause a reaction in riskier assets such as cryptocurrencies based on comments, as previously reported.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded the second consecutive day of outflows driven by Grayscale's GBTC.
The outflows are likely due to traders derisking ahead of U.S. CPI and the Fed rate decision.
U.S.-listed spot bitcoin exchange-traded funds (ETFs) saw a second-straight day of outflows as traders likely derisked ahead of key macroeconomic reports scheduled for later Wednesday.
Data from SoSoValue shows the eleven ETFs recorded $200 million in net outflows on Tuesday, the highest since May 1 figures of $580 million. Redemptions came amid a BTC sell-off, during which the asset briefly tumbled to $66,200 before recovering.
Grayscale’s GBTC accounted for most of the $120 million in outflows, leading among its counterparts. GBTC continues its infamous run of being the worst-performing ETF by outflows since going live in January, racking up a cumulative $18 billion in outflows.
Ark Invest’s ARKB, Bitwise’s BITB, Fidelity’s FBTC and VanEck’s HODL recorded outflows ranging from $56 million to $7 million. None of the ETFs saw any inflows.
Traders said the outflows were likely derisking action ahead of the CPI reading on Wednesday and the two-day Federal Open Market Committee (FOMC) meeting that ends today, during which the Fed’s monetary policy will be decided.
“Markets are [in] risk-off mode ahead of CPI and FOMC tomorrow. This month's FOMC will also release the Dot Plot, which informs the market how many cuts the Fed anticipates for the rest of 2024,” Singapore-based QCP Capital said in a Tuesday broadcast message.
However, the firm added that its long-term bullish view remained intact.
“Despite short-term headwinds, we think this might be a good opportunity to accumulate coin. Bullish events on the horizon, such as the eventual ETH spot ETF going live along with Biden and Trump in a verbal armsrace to win the crypto vote,” QCP said.
Additional headwinds are Treasury secretary Janet Yellen’s speech on Friday, which may cause a reaction in riskier assets such as cryptocurrencies based on comments, as previously reported.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
What Will Happen in a Few Hours?
Here are some possible scenarios:
Scenario 1: The market will rise if CPI, PPI, and the Federal Funds Rate are lower, pushing BTC above $70,000.
Scenario 2: The market will decline if CPI, PPI, and the Federal Funds Rate are higher, causing BTC to drop back to $62,000.
The FOMC statement's outcome will significantly influence market sentiment in the coming hours. Investors are anxious as they await the Federal Open Market Committee's decision.
A hawkish stance could indicate tighter monetary policy, leading to market volatility and potential sell-offs. On the other hand, a dovish stance might spark a market rally as investors expect continued support and accommodative measures.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
Here are some possible scenarios:
Scenario 1: The market will rise if CPI, PPI, and the Federal Funds Rate are lower, pushing BTC above $70,000.
Scenario 2: The market will decline if CPI, PPI, and the Federal Funds Rate are higher, causing BTC to drop back to $62,000.
The FOMC statement's outcome will significantly influence market sentiment in the coming hours. Investors are anxious as they await the Federal Open Market Committee's decision.
A hawkish stance could indicate tighter monetary policy, leading to market volatility and potential sell-offs. On the other hand, a dovish stance might spark a market rally as investors expect continued support and accommodative measures.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
Crypto.com has received approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP), which will enable it to expand its services in the Irish market.
This approval will allow Crypto.com to offer cryptocurrency trading and digital wallet services more widely in Ireland.
Crypto.com expands its operations to Ireland:
The granting of a VASP license reflects Crypto.com’s commitment to complying with stringent security and regulatory standards, including anti-money laundering and counter-terrorist financing requirements.
Compliance with these procedures is essential, since cryptocurrencies are sometimes used to bypass laws and penalties.
Serving a global customer base of over 100 million users, Crypto.com aims to strengthen its presence in Ireland and bring its advanced financial services to more consumers.
Eric Anziani, President and COO of Crypto.com, said:
This approval from the Central Bank of Ireland is evidence of our commitment to compliance and responsible innovation.
We are excited to expand our offering in Ireland, giving consumers the opportunity to engage with our comprehensive crypto products.
Exceeding 100 million users globally:
Since its founding in 2016, Crypto.com has surpassed 100 million users globally, thanks to its effective marketing strategies and partnerships with prominent figures, places and events.
These notable efforts include hosting the NBA and NHL playoffs at Crypto.com Arena and sponsoring the Formula 1 Crypto.com Miami Grand Prix.
The company also launched an advertising campaign under the title “INEVITABLE” within the framework of the “Fortune Favors the Brave” campaign.
With this expansion, Crypto.com seeks to provide innovative and advanced financial services to a wider audience, and strengthen its position as a major player in the global cryptocurrency industry.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
This approval will allow Crypto.com to offer cryptocurrency trading and digital wallet services more widely in Ireland.
Crypto.com expands its operations to Ireland:
The granting of a VASP license reflects Crypto.com’s commitment to complying with stringent security and regulatory standards, including anti-money laundering and counter-terrorist financing requirements.
Compliance with these procedures is essential, since cryptocurrencies are sometimes used to bypass laws and penalties.
Serving a global customer base of over 100 million users, Crypto.com aims to strengthen its presence in Ireland and bring its advanced financial services to more consumers.
Eric Anziani, President and COO of Crypto.com, said:
This approval from the Central Bank of Ireland is evidence of our commitment to compliance and responsible innovation.
We are excited to expand our offering in Ireland, giving consumers the opportunity to engage with our comprehensive crypto products.
Exceeding 100 million users globally:
Since its founding in 2016, Crypto.com has surpassed 100 million users globally, thanks to its effective marketing strategies and partnerships with prominent figures, places and events.
These notable efforts include hosting the NBA and NHL playoffs at Crypto.com Arena and sponsoring the Formula 1 Crypto.com Miami Grand Prix.
The company also launched an advertising campaign under the title “INEVITABLE” within the framework of the “Fortune Favors the Brave” campaign.
With this expansion, Crypto.com seeks to provide innovative and advanced financial services to a wider audience, and strengthen its position as a major player in the global cryptocurrency industry.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
This Five best altcoins will create new millionaires by end of this bull market
With the anticipated bull market around the corner, it’s crucial to position ourselves wisely. Here are the top altcoins I’m accumulating during dips:
1. UNI (Uniswap):As the leading decentralized exchange, Uniswap's native token, UNI, stands to benefit immensely from increased trading volumes and DeFi adoption. Its robust ecosystem and continuous upgrades make it a solid pick.
2. NEAR Protocol: Known for its scalability and developer-friendly platform, NEAR is attracting a growing number of projects. Its unique sharding technology ensures high throughput and low transaction costs, positioning it as a competitor to Ethereum.
3. Floki Inu (FLOKI): Inspired by Elon Musk’s Shiba Inu dog, FLOKI combines meme culture with real-world utility. With ongoing marketing efforts and community engagement, it’s a coin to watch for explosive growth.
4. JasmyCoin (JASMY): As Japan’s first legally compliant digital currency, Jasmy aims to provide secure data exchange and personal data protection. Its unique approach in the IoT sector gives it a strong use case and potential for widespread adoption.
5. SingularityNET (AGIX): Pioneering in the AI and blockchain integration space, AGIX facilitates decentralized AI services. As AI continues to grow in importance, SingularityNET's role as a marketplace for AI solutions makes it a promising investment.By strategically buying these altcoins during market dips, we can maximize our potential gains in the upcoming bull run. Remember to do your own research and invest wisely!
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$JASMY
$FLOKI
$NEAR
With the anticipated bull market around the corner, it’s crucial to position ourselves wisely. Here are the top altcoins I’m accumulating during dips:
1. UNI (Uniswap):As the leading decentralized exchange, Uniswap's native token, UNI, stands to benefit immensely from increased trading volumes and DeFi adoption. Its robust ecosystem and continuous upgrades make it a solid pick.
2. NEAR Protocol: Known for its scalability and developer-friendly platform, NEAR is attracting a growing number of projects. Its unique sharding technology ensures high throughput and low transaction costs, positioning it as a competitor to Ethereum.
3. Floki Inu (FLOKI): Inspired by Elon Musk’s Shiba Inu dog, FLOKI combines meme culture with real-world utility. With ongoing marketing efforts and community engagement, it’s a coin to watch for explosive growth.
4. JasmyCoin (JASMY): As Japan’s first legally compliant digital currency, Jasmy aims to provide secure data exchange and personal data protection. Its unique approach in the IoT sector gives it a strong use case and potential for widespread adoption.
5. SingularityNET (AGIX): Pioneering in the AI and blockchain integration space, AGIX facilitates decentralized AI services. As AI continues to grow in importance, SingularityNET's role as a marketplace for AI solutions makes it a promising investment.By strategically buying these altcoins during market dips, we can maximize our potential gains in the upcoming bull run. Remember to do your own research and invest wisely!
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$JASMY
$FLOKI
$NEAR
Litecoin (LTC) has seen a significant increase in network activity, which may indicate a possible price rise soon.
According to recent data from Santiment, the Litecoin network saw about 704,000 unique addresses interacting on average over the past week, while the network saw only 345,000 addresses during the entire month of May.
This significant growth in active addresses reflects a growing interest and greater use of the cryptocurrency Litecoin.
Does increasing activity on the network reflect positively on the currency price?
Network growth is often preceded by a price rise in the cryptocurrency market.
When there is an increase in the number of active unique addresses, it indicates an increase in transactions and overall usage, which can lead to an increase in demand and higher prices.
In addition, the large number of active addresses on the network reflects positive sentiment from investors and their interest in the asset.
Could Litecoin be undervalued?
LTC, created by Charlie Lee in 2011, is known as “silver” while Bitcoin represents “gold.”
Although both currencies share the same basic principles, Litecoin has faster transaction times and a different hashing algorithm, making it more suitable for small transactions and everyday use.
Currently, Litecoin is trading at $77.
Since the beginning of the year, the cryptocurrency has risen by 8.5%, although it still lags behind Bitcoin and Ethereum in terms of price performance.
With these positive indicators and increased activity on the network, it appears that Litecoin may be poised for a significant rally in the near future.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$LTC
$BTC
According to recent data from Santiment, the Litecoin network saw about 704,000 unique addresses interacting on average over the past week, while the network saw only 345,000 addresses during the entire month of May.
This significant growth in active addresses reflects a growing interest and greater use of the cryptocurrency Litecoin.
Does increasing activity on the network reflect positively on the currency price?
Network growth is often preceded by a price rise in the cryptocurrency market.
When there is an increase in the number of active unique addresses, it indicates an increase in transactions and overall usage, which can lead to an increase in demand and higher prices.
In addition, the large number of active addresses on the network reflects positive sentiment from investors and their interest in the asset.
Could Litecoin be undervalued?
LTC, created by Charlie Lee in 2011, is known as “silver” while Bitcoin represents “gold.”
Although both currencies share the same basic principles, Litecoin has faster transaction times and a different hashing algorithm, making it more suitable for small transactions and everyday use.
Currently, Litecoin is trading at $77.
Since the beginning of the year, the cryptocurrency has risen by 8.5%, although it still lags behind Bitcoin and Ethereum in terms of price performance.
With these positive indicators and increased activity on the network, it appears that Litecoin may be poised for a significant rally in the near future.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$LTC
$BTC
After a 19-day streak of inflows, US Bitcoin ETFs saw a pause, with the first week of June recording a massive level that rivaled the total inflows seen in the entire month of May.
Despite expectations of lower activity, Bitcoin ETFs started June with strong momentum.
During the first week, these funds collectively purchased 25,729 BTC, making the strong start to the month a focus for investors.
Strong flows in the first half of 2024:
At the beginning of the year, Bitcoin ETFs acquired large amounts of the cryptocurrency.
In January, these funds recorded inflows of 33,456 BTC, followed by inflows of 116,561 BTC in February, and 65,456 BTC in March.
In contrast, April saw a net outflow of 6,074 BTC, but recovered in May with inflows of 29,592 BTC.
Data provided by HODL15Capital indicates that the volume of Bitcoin purchased by these instruments in the first week of June was almost equal to the entire month of May purchases, reflecting the continued strength of demand for digital currencies.
Since their launch in mid-January, spot bitcoin ETFs have attracted approximately $15.7 billion in net investment inflows.
This figure includes significant outflows of $17.93 billion from Grayscale’s GBTC during the same period.
Together, these 11 investment funds manage more than $61 billion in total assets under management (AUM), with BlackRock and Fidelity leading the US market.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
Despite expectations of lower activity, Bitcoin ETFs started June with strong momentum.
During the first week, these funds collectively purchased 25,729 BTC, making the strong start to the month a focus for investors.
Strong flows in the first half of 2024:
At the beginning of the year, Bitcoin ETFs acquired large amounts of the cryptocurrency.
In January, these funds recorded inflows of 33,456 BTC, followed by inflows of 116,561 BTC in February, and 65,456 BTC in March.
In contrast, April saw a net outflow of 6,074 BTC, but recovered in May with inflows of 29,592 BTC.
Data provided by HODL15Capital indicates that the volume of Bitcoin purchased by these instruments in the first week of June was almost equal to the entire month of May purchases, reflecting the continued strength of demand for digital currencies.
Since their launch in mid-January, spot bitcoin ETFs have attracted approximately $15.7 billion in net investment inflows.
This figure includes significant outflows of $17.93 billion from Grayscale’s GBTC during the same period.
Together, these 11 investment funds manage more than $61 billion in total assets under management (AUM), with BlackRock and Fidelity leading the US market.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
Ethereum, which is the largest alternative digital currency in the world, is witnessing large financial flows from institutions, which has led to a noticeable increase in the number of addresses holding more than 10 thousand Ethereum (ETH).
This trend reflects the rising demand for Ethereum, amid growing interest in exchange-traded funds (ETFs).
The past three weeks have seen a 3% increase in the number of Ethereum addresses holding 10,000 or more ETH.
This increase is a strong indication of the interest of large financial institutions and high-net-worth individuals in accumulating Ethereum.
Analyst Ali Martinez commented on this, saying:
The number of Ethereum addresses holding more than 10,000 ETH has increased by 3% in the past three weeks, indicating a significant increase in buying pressure!
This increase in large headlines indicates increased demand and buying pressure for Ethereum, which may indicate a potential rise in the value of the currency, as whales accumulating Ethereum is often a precursor to rising prices for digital currencies.
It is worth noting that the increase in demand for Ethereum came after the SEC approved Ethereum ETFs provided by several companies.
These investment tools provide traditional investors with a regulated way to invest in Ethereum, while enhancing liquidity and market access.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$ETH
This trend reflects the rising demand for Ethereum, amid growing interest in exchange-traded funds (ETFs).
The past three weeks have seen a 3% increase in the number of Ethereum addresses holding 10,000 or more ETH.
This increase is a strong indication of the interest of large financial institutions and high-net-worth individuals in accumulating Ethereum.
Analyst Ali Martinez commented on this, saying:
The number of Ethereum addresses holding more than 10,000 ETH has increased by 3% in the past three weeks, indicating a significant increase in buying pressure!
This increase in large headlines indicates increased demand and buying pressure for Ethereum, which may indicate a potential rise in the value of the currency, as whales accumulating Ethereum is often a precursor to rising prices for digital currencies.
It is worth noting that the increase in demand for Ethereum came after the SEC approved Ethereum ETFs provided by several companies.
These investment tools provide traditional investors with a regulated way to invest in Ethereum, while enhancing liquidity and market access.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$ETH
The price of Bitcoin witnessed a sharp decline last night, as the price of the currency was unable to stabilize at the level of $70,000, and was exposed to strong selling pressure that pushed it to decline by more than $2,000 within about an hour, after which it continued to decline and reached less than $67,000.
This decline was not limited to Bitcoin, but extended to most altcoins, resulting in a total loss of approximately $80 billion from the total market value of cryptocurrencies.
The total liquidation value rose to about $170 million in one day.
At the beginning of Monday, the markets witnessed positive movement, as Bitcoin attempted to overcome the psychological resistance barrier at the $70,000 level.
However, after exceeding this level for a short period, the market witnessed strong resistance from speculators who did not allow for a decisive breakthrough.
As a result, the price of Bitcoin began to decline rapidly, falling by more than $2,000 within an hour.
This decline culminated with the price reaching its lowest level since June 3, falling to $67,500.
Bitcoin's market value also fell to $1.33 trillion, according to CoinGecko.
Altcoins were in a worse position, as the price of Ethereum fell by 3.5% to reach $3,560.
Coins such as Solana (SOL), Dogecoin (DOGE), Toncoin (TON), Shiba Inu (SHIB), and Link (LINK) saw similar declines.
Binance Coin (BNB), which was the best performer last week, recorded a decline of more than 7% over the past 24 hours, taking its price to below $620.
The most affected currencies were emerging currencies such as NOT, which fell by 19%, W by 15%, JASMY by 11%, and BRETT by 10%.
The total liquidation value over the past 24 hours was more than $184 million, with more than 68,000 traders affected during this time period.
Interestingly, the largest share of liquidations was Ethereum, with the largest Ethereum-related liquidation recorded at a value exceeding $6.5 million, which took place on the Binance platform.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$NOT
This decline was not limited to Bitcoin, but extended to most altcoins, resulting in a total loss of approximately $80 billion from the total market value of cryptocurrencies.
The total liquidation value rose to about $170 million in one day.
At the beginning of Monday, the markets witnessed positive movement, as Bitcoin attempted to overcome the psychological resistance barrier at the $70,000 level.
However, after exceeding this level for a short period, the market witnessed strong resistance from speculators who did not allow for a decisive breakthrough.
As a result, the price of Bitcoin began to decline rapidly, falling by more than $2,000 within an hour.
This decline culminated with the price reaching its lowest level since June 3, falling to $67,500.
Bitcoin's market value also fell to $1.33 trillion, according to CoinGecko.
Altcoins were in a worse position, as the price of Ethereum fell by 3.5% to reach $3,560.
Coins such as Solana (SOL), Dogecoin (DOGE), Toncoin (TON), Shiba Inu (SHIB), and Link (LINK) saw similar declines.
Binance Coin (BNB), which was the best performer last week, recorded a decline of more than 7% over the past 24 hours, taking its price to below $620.
The most affected currencies were emerging currencies such as NOT, which fell by 19%, W by 15%, JASMY by 11%, and BRETT by 10%.
The total liquidation value over the past 24 hours was more than $184 million, with more than 68,000 traders affected during this time period.
Interestingly, the largest share of liquidations was Ethereum, with the largest Ethereum-related liquidation recorded at a value exceeding $6.5 million, which took place on the Binance platform.
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$NOT
AI-Linked Crypto Tokens Underperform as Apple's Event Fails to Impress Traders
Apple shares tumbled nearly 2% as tech giant unveiled its AI plans during the annual developers event.
The rout rippled through AI-adjacent cryptos which underperformed the broader digital asset market.
Artificial intelligence-linked (AI) cryptocurrencies slumped Monday as tech giant Apple's (AAPL) highly-anticipated annual developers event failed to inspire traders.
Native tokens of Render (RNDR), Fetch.ai (FET) and SingularityNET (AGIX) declined 3%-5% over the past 24 hours, while Bittensor's TAO tumbled nearly 6% during the same time. Layer-1 network Near Protocol {{NEAR}} also dropped 3.2%.
The CoinDesk Computing Index, which includes tokens with AI-related utilities, was one of the worst-performing sectors among digital assets, losing 2.5% in market value during the day and underperforming bitcoin {{BTC}} and the broader digital asset benchmark CoinDesk 20 Index.
The decline happened as expectations were high for the tech giant to reveal its AI plans and how it would weave artificial intelligence into its offerings at this week's Apple Worldwide Developers Conference (WWDC2024). The firm on Monday announced Apple Intelligence, a suite of AI features for iPhones, Mac and other products, and a partnership with Sam Altman's OpenAI to integrate ChatGPT into Apple software.
Apple shares, however, closed the trading session nearly down 2% despite slight gains for key U.S. equity indexes
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
Apple shares tumbled nearly 2% as tech giant unveiled its AI plans during the annual developers event.
The rout rippled through AI-adjacent cryptos which underperformed the broader digital asset market.
Artificial intelligence-linked (AI) cryptocurrencies slumped Monday as tech giant Apple's (AAPL) highly-anticipated annual developers event failed to inspire traders.
Native tokens of Render (RNDR), Fetch.ai (FET) and SingularityNET (AGIX) declined 3%-5% over the past 24 hours, while Bittensor's TAO tumbled nearly 6% during the same time. Layer-1 network Near Protocol {{NEAR}} also dropped 3.2%.
The CoinDesk Computing Index, which includes tokens with AI-related utilities, was one of the worst-performing sectors among digital assets, losing 2.5% in market value during the day and underperforming bitcoin {{BTC}} and the broader digital asset benchmark CoinDesk 20 Index.
The decline happened as expectations were high for the tech giant to reveal its AI plans and how it would weave artificial intelligence into its offerings at this week's Apple Worldwide Developers Conference (WWDC2024). The firm on Monday announced Apple Intelligence, a suite of AI features for iPhones, Mac and other products, and a partnership with Sam Altman's OpenAI to integrate ChatGPT into Apple software.
Apple shares, however, closed the trading session nearly down 2% despite slight gains for key U.S. equity indexes
#IOprediction #Binance200M #TopCoinsJune2024 #ETFvsBTC
$BTC
$ETH
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