Ethereum (ETH) has once more captured the attention of investors and enthusiasts within the broader crypto market. Following a significant price rally witnessed over the past week, the token has emerged as a focal point of activity, with on-chain data signaling heightened engagement among large-scale investors. This resurgence in Ethereum’s price has spurred a flurry of whale activity, marking a significant development within the crypto landscape. On the other hand, Bitbot presale secures over $3.5 millions. The platform is the newest crypto trading bot, causing a stir in the Telegram trading bot realm, which has amassed $20+ billion in trading volume in under a year. 

Ethereum Whale Activity Ignites Market Speculation

Ethereum (ETH), the second-largest cryptocurrency by global market cap, has once more attracted attention with a notable price recovery witnessed in the last 24 hours. Amidst this resurgence, on-chain data has revealed remarkable activity by significant holders, commonly known as whales, suggesting potential shifts in the market landscape. One such occurrence involves a whale identified as 0x7f1, who recently transferred 15,000 ETH, valued at over $45.98 million, to the Kraken exchange at a price of $3,065.

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This substantial transaction has sparked speculation among crypto enthusiasts regarding the future trajectory of ETH’s price.

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The influx of such transactions has stirred varied sentiments within the market, reflecting the ongoing debate between investors who perceive Ethereum as a lucrative investment opportunity and those who may be leveraging recent price movements to realize profits. Notably, the same whale had earlier relocated 120,874 $ETH from Kraken at an average price of $1,645 in early Sep 2022. Currently, the whale holds 105,874 $ETH worth $326M with a total profit of $173M, depicting a staggering +87% gain.

Ethereum (ETH) Price Movement and Market Dynamics

Ethereum’s price has seen a modest uptick of 0.51% within the past 24 hours and a more substantial increase of 7.23% over the past week. Presently, ETH is trading at $3,126, with its price range fluctuating between $3,135.70 and $3,056.20. Market data from Coinglass indicates a slight 1.55% decline in ETH’s open interest, accompanied by a notable 51.55% decrease in options volume.

These fluctuations in trading activity could potentially contribute to the volatility observed in Ethereum’s price action. However, despite market uncertainties surrounding regulatory issues and the delayed anticipation of an ETH exchange-traded fund (ETF), Ethereum continues to navigate through challenges with cautious optimism.

The Relative Strength Index (RSI) presently stands at 57.35, suggesting an increasing bullish sentiment, which could exert upward pressure on ETH’s price in the near term. Additionally, as the broader cryptocurrency market awaits the potential resurgence of altcoins following the Bitcoin halving event, Ethereum remains positioned to capitalize on future market trends.

Bitbot: Transforming Crypto Trading Through Enhanced Security and AI 

Bitbot leverages the newest breakthroughs in AI to elevate trading strategies to another tier. Its exclusive AI-powered Gem Scanner sifts through vast datasets to identify the hottest opportunities on decentralized exchanges. Each potential gem receives a Degen score, indicating its market potential based on on-chain activity and overall sentiment. Beyond providing thrilling AI-driven trading functionalities, Bitbot prioritizes empowerment and security. Unlike rival bots that seize control of coins and private keys, Bitbot enables users to retain full ownership with its self-custodial wallet feature, supported by a collaboration with KnightSafe.

Moreover, Bitbot’s security extends beyond asset control. It incorporates state-of-the-art measures aimed at thwarting MEV bots and integrates technology to identify and prevent potential rug pulls, mitigating the risk of malicious actors interfering with your crypto trading. Moreover, Investors of all backgrounds can reap the rewards of Bitbot’s AI-driven trading prowess and robust security measures. With the Telegram trading bot market heating up, Bitbot’s distinct features position it as one of the most compelling investment opportunities currently on offer.

Bitbot presale secures over $3.5 millions

Bitbot finds itself in an unparalleled position. It’s stepping into a sector witnessing unprecedented growth, yet one that’s seen its most formidable players—including Banana Gun, Solareum, Unibot, and Maestro—encounter setbacks due to their security and custody of users’ keys. Bitbot’s ingenious incorporation of AI integration and self-custodial wallet technology could be a recipe for market domination in 2024, and investors are taking note.

Bitbot has already raised $3.5m from tens of thousands of investors, many of whom are part of its 100k+ Twitter following and 27k Telegram members. Investors highlight Bitbot’s enhanced security features, accessibility, and AI capabilities as key catalysts that could fuel a crypto trading revolution this year. This bodes well for BITBOT token holders, signaling promising gains ahead.

The post Ethereum Whale Shifts $46M ETH, while Bitbot presale secures over $3.5 millions first appeared on The VR Soldier.

The cryptocurrency market continues to exhibit dynamic movements, with traders eagerly eyeing the post-Bitcoin Halving landscape. Amidst this volatility, an exciting opportunity emerges for investors to explore promising yet affordable tokens. One such standout is Nervos Network (CKB), which has been making waves with its remarkable performance and bullish trajectory.

Nervos Network (CKB): Bullish Sentiment

With a market cap surpassing the billion-dollar mark recently, Nervos Network has demonstrated its resilience and potential for growth. Despite market fluctuations, CKB has outpaced established cryptocurrencies like XRP and ADA, boasting a remarkable 4.3X rise in price trajectory in 2024 alone. Currently valued at $0.016, analysts foresee Nervos surpassing its 54-week high of $0.025 and potentially soaring towards $0.044 in the upcoming bullish wave.

The anticipated price explosion of Nervos Network hinges on two pivotal factors: sustained demand for altcoins and favorable inflation reports. Discussions surrounding potential federal interest rate cuts ahead of the crypto halving are expected to further fuel investor sentiment, potentially catalyzing a massive rally for the token.

Bullish Sentiment: Investors Look to CKB

Investor sentiment towards Nervos Network remains overwhelmingly bullish, reflected in its Greed score of 78 and its trading proximity to its cycle high at $0.016. Moreover, on a year-to-date basis, CKB has seen an impressive 337.36% surge in price, outperforming 86% of the top 100 crypto assets including Bitcoin and Ethereum. Additionally, trading significantly above its 200-day Simple Moving Average (SMA) confirms Nervos Network’s robust market performance, with analysts forecasting continued bullish sentiment and substantial price growth.

Nervos Network is a Must-Watch

The Nervos Network stands out as a top contender among affordable cryptocurrencies, offering investors an attractive entry point into the market. With its strong fundamentals, impressive performance metrics, and favorable market conditions, CKB presents an enticing opportunity for those looking to capitalize on the burgeoning altcoin season post-halving. As the crypto landscape continues to evolve, Nervos Network remains a token to watch closely for potential further gains and market advancements.

Bitcoin’s paramount value proposition in the economic realm lies in its immutable issuance policy, which remains impervious to alteration, ensuring predictability regarding the quantity and timing of new coin issuance. For instance, it is widely known that the final BTC will be mined around 2140, encapsulating the renowned concept of a 21 million total supply. Conversely, Ethereum’s monetary policy lacks fixedness and predictability, having undergone numerous revisions over time, exemplified by EIP-1559.

Similarly, Nervos adheres to the same ethos and value proposition as Bitcoin, as CKB’s primary and secondary issuance curves also adhere to a fixed and predictable trajectory. Comparable to Bitcoin, the primary issuance undergoes halving every four years, while the secondary issuance maintains a consistent rate, resulting in a gradual reduction in issuance annually, approaching zero infinitely. Moreover, this value proposition holds immense significance, as a fixed and predictable monetary policy furnishes legal and economic security to all network participants, whether miners, developers, investors, companies, or users. In the business landscape, legal certainty is indispensable when venturing into new jurisdictions, ensuring the economic viability of endeavors. Moreover, it facilitates easier and more precise calculation of operating costs within the network, particularly when investing in mining hardware.

The post Nervos Network (CKB): A Top Contender Among Affordable Cryptos first appeared on The VR Soldier.

Last week, the long-awaited listing of the Web3 game token Notcoin took place. 5 million users were branded NOT in the first 36 hours. 

The Future of Notcoin

According to the post, Notcoin’s first campaigns, products and applications are “almost ready.” The developers promise that they will present them early this week. However, Notcoin developers shared plans for the further development of the project.

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Once the staking period ends, users will also receive another week of benefits from their current tier. In addition, Gold and Platinum members will be able to participate in the distribution of tokens that will be released as part of other new projects or launches, the Notcoin team noted. “But you can unlock your NOTs at any time and bring it online. Yes, you will lose tier benefits and access to pools. But we don’t want to force anyone to stay. Notcoin is a free choice,” the tweet added. 

(NOT) Explosive Launch

Earlier, representatives of the Web3 game also spoke about the first successes of the NOT launch. In addition, In the first 36 hours after listing, the Notcoin team achieved the following:

-More than 5 million users have branded NOT;

-4 million NOT deposited on cryptocurrency exchanges or blocked in staking;

-1 million NOT ended up in wallets directly;

-530 thousand vouchers in the form of non-fungible tokens (NFT) were converted into NOT.  

In the first ten minutes, Notcoin’s capitalization broke through $1 billion . However, it later dropped to $700 million, and at the time of writing it is $556 million. 

What about the of price Notcoin (NOT)?

According to CoinMarketCap , the NOT rate has decreased by 9.3% over the past 24 hours. The asset is currently trading at $0.005566. 

coinmarketcap

The daily trading volume of Notcoin exceeds $176 million. Moreover, after listing on crypto exchanges, NOT entered the top of the most traded tokens on the market. At that time, the trading volume reached $1.4 billion. However, NOT is traded on platforms such as Binance, KuCoin, Bitget, Bybit, OKX, Gate.io and Bitfinex.

The post Notcoin (NOT) Reveals Plans: New Products & Staking Perks first appeared on The VR Soldier.

Cardano Founder Charles Hoskinson has once again highlighted two distinct features on the blockchain that can assist in scaling up the global financial Operating System (OS). Learn more about Cardano’s Hydra and Leios developments for scaling the global financial Operating System. 

The Cardano Hydra and Leios Development

The statement from Charles Hoskinson arose as a response to an earlier post from Dedium on X, a Decentralized GPU Computing Network on Cardano. Dedium reflected on “the elegance of Cardano” showcasing a single block containing 8 transactions designated for 1600 unique recipients.

Development over in Hydra Land is getting pretty hardcore pic.twitter.com/D5fab1MZ2l

— Charles Hoskinson (@IOHK_Charles) May 17, 2024

With these intricate and widespread transactions, Dedium emphasized the related transaction fee amounting to 5.16 ADA or approximately $2.38. It’s noteworthy that addressing scalability, throughput, and speed with minimal fees remain the challenge blockchains have been endeavoring to tackle. While no blockchain appears to have it completely resolved, Dedium’s post illustrates Cardano’s commendable performance.

Charles Hoskinson – Source: ailtra.ai

Expanding on the discussion, Charles Hoskinson emphasized that the objective of the blockchain is to expand the scalability and low-cost concept exponentially. To accomplish this, he identified Cardano Hydra and Leios as the preferred innovations to achieve this.

Cardano Hydra stands as the primary scalability solution Cardano has been diligently developing for the past few years. With Hydra, transactions are aggregated and processed offline, then synchronized online later. This mechanism aims to alleviate network congestion and allows for numerous simultaneous transaction processing on-chain.

The Cardano Ouroboros Leios is crafted to bring added efficiency to the network’s scalability and effectiveness. Merging the capabilities of Hydra and Leios gives Charles Hoskinson the assurance that a global-scale financial operating system could be constructed on Cardano.

Further Enhancements Required To Ascend

The Layer-1 blockchain network has upheld its position as one of the most advanced protocols in the Web3 sphere. Its GitHub Commits demonstrate it surpasses Ethereum (ETH) and other competitors in developer activity. Nonetheless, Solana (SOL) is regarded as a speedier protocol in comparison to Cardano.

The ultimate objective for blockchain networks is to rival legacy financial networks such as Visa and Mastercard in funds transfer. While the determination is evident among Web3 innovators, the Transaction Per Second (TPS) recorded by these protocols still falls short. With Charles Hoskinson’s optimism, the blockchain realm seems closer to surpassing traditional payment powerhouses eventually.

The post Cardano Hydra & Leios: Solutions for Global Financial Scaling first appeared on The VR Soldier.

Against the background of the growth of Bitcoin (BTC) last week, members of the crypto community shared their opinions on what behavior should be expected from the coin during this working five-day period. However, the editors of the VR Soldier have collected Bitcoin forecasts from representatives of the crypto industry in one review. We tell you what investors expect from BTC.

What’s happening with Bitcoin?

Bitcoin started the new work week with a slight increase. At the time of writing, the coin is trading at $66,846, which is 10.2% below the high recorded on March 14, 2024 at $73,750.

coinmarketcap

Last week was memorable for members of the crypto community thanks to the long-awaited resumption of BTC growth. At the beginning of the new five-day working week, representatives of the crypto industry shared their assumptions about whether the cryptocurrency will be able to continue its positive movement.

Bitcoin price forecast

Many members of the crypto community believe in the further growth of BTC. For example, trader Crypto Michael sees prospects for the cryptocurrency to return to levels above $70 thousand in the near future.

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The most positive forecast for Bitcoin was given by trader “Coosh” Alemzadeh. Based on the assumption that a bullish flag is visible on the BTC chart, he predicted the active growth of the coin in early summer. In his opinion, investors will be able to see Bitcoin above $100,000 as early as June.

Trader Doctor Profit noted that BTC continues to move sideways. At the same time, he drew attention to the fact that the resumption of the influx of funds into spot Bitcoin ETFs could support the positive dynamics of the cryptocurrency. Against the background of the coin breaking through the $70 thousand level, according to the trader, FOMO will flare up in the market, which could support the growth of BTC. Doctor Profit outlined the boundaries of the sideways trend and the expected growth goals of the cryptocurrency on the chart.

Sideways Movements

Analyst Michael van de Poppe, in turn, believes that BTC will continue to move sideways for some time. At the same time, in his opinion, the cryptocurrency will approach its maximums over time.

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The growth potential is also seen by the PlanB analyst, the author of the S2F model for forecasting the cryptocurrency rate. He suggested that now market participants can take advantage of one of the last chances to buy BTC below $70 thousand.

The positive forecast for Bitcoin was supported by trader Honey. She drew attention to the formation of a reverse technical analysis “head and shoulders” figure on the chart, which may indicate the potential for further growth of the cryptocurrency. The immediate target for BTC, in her opinion, will be levels above $72 thousand.

The post Experts Eye $100K Bitcoin (BTC) by June, But Will It Hold? first appeared on The VR Soldier.

Long-term Ripple (XRP) holders rarely move their tokens. Historically, this event is often followed by a trend reversal, this suggests that long-held XRP tokens are starting to change addresses. Meanwhile, by carefully selecting a diverse array of globally-sourced NFTs, Mallconomy furnishes a stage for artisans to showcase their talents and transform their creations into profit. Every purchase made on Mallconomy not only strengthens the artist but also bolsters the principles of a distributed network, where creativity flourishes and individuals are empowered to carve their own paths.

Ripple holders make calculated moves

According to the analytics platform Santiment, on May 16 there was a significant jump in the Age Consumed indicator. On this day, the metric value was 222 billion.

Age Consumed tracks the movement of XRP tokens held over long periods of time. It helps gauge the sentiment of long-term token holders. When the indicator jumps, coins that have been without movement for a long time begin to change hands.

Age Consumed XRP. Source: Santiment

Although the growth of the metric can be attributed to token sales by long-term investors, this is not always the case. Sometimes it means an increase in overall trading activity.

Indeed, on May 16, the price of Ripple rose and consolidated above the 20-day exponential moving average (EMA). This is usually considered a bullish signal. The altcoin is currently trading at $0.52.

Ripple (XRP) Price Forecast: Possible Rally

In addition, on May 16, the Elder-Ray index showed a positive value for the first time in a week and a half. This indicator tracks the balance of power between buyers and sellers. At the time of writing, the Elder-Ray XRP Index is 0.0065, which means bulls are dominating the market.

coinmarketcap

Additionally, the altcoin Money Flow Index (MFI) is above the neutral 50 level at 56. This indicates that buying pressure has exceeded selling pressure.

If the current trend continues and accumulation continues, the price of Ripple could rise to $0.53 and then to $0.57. However, if long-term holders start selling their tokens, XRP risks falling to $0.48.

Mallconomy: The Future of E-commerce is Here

Central to the Mallconomy experience is its captivating and AI-powered navigation features. Leveraging cutting-edge advancements, Mallconomy utilizes ChatGPT-powered Ready Player Me Avatars as savvy sales associates within its virtual stores. These avatars provide nonstop personalized support, guiding shoppers through their shopping journey with unmatched efficiency and ease.

However, Mallconomy surpasses traditional e-commerce models. With its groundbreaking “Browse to Earn” feature, Mallconomy revolutionizes the shopping experience within the metaverse. Brands capture customer interest and cultivate devotion, while visitors are rewarded for every exploration and purchase. This gamified approach not only incentivizes participation but also fosters a sense of community and kinship among users, making every moment spent in Mallconomy truly fulfilling.

Effortless Store Integration for a Improved Brand Presence

Mallconomy offers effortless store incorporation, allowing brands to elevate their presence within the metaverse. Whether by flawlessly integrating existing stores into Mallconomy’s hub or crafting new, one-of-a-kind storefronts, brands can captivate audiences and reflect their vision within the vast Metaverse landscape. This integration ensures high exposure and engagement for businesses, further enhancing the overall shopping experience for users.

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In essence, Mallconomy aspires to inspire and cultivate within the metaverse—one shopper, one creator, one decentralized adventure at a time. Through its captivating, gamified shopping experience, Mallconomy paves the way for a new era of retail—one that transcends restrictions, empowers individuals, and crafts a shared vision for the future of e-commerce in the metaverse. Join Mallconomy today and embark on a journey where innovation has no limits and possibilities are endless.

The post Long-Term Ripple (XRP) Holders Are Moving Tokens as Metaverse Shopping Evolves with Mallconomy first appeared on The VR Soldier.

Avalanche (AVAX) price is likely to continue to move sideways due to the lack of significant growth incentives. However, Sentiment among AVAX holders is also gradually turning bearish as short-term investors dominate the supply. On the other hand, a fresh memecoin on the scene, WienerAI, is achieving remarkable triumphs with its early-bird presale.

Investors are Getting Ready to Sell Avalanche

Avalanche’s price could soon feel the impact of investor behavior, with supply dominated by short-term holders, who are known to hold their holdings for one month or less. In the case of AVAX, they hold almost 28% of the total circulating supply, or 107 million tokens.

AVAX supply distribution. Source: IntoTheBlock

Additionally, the altcoin risks facing significant resistance at $38. According to the Global In/Out of the Money (GIOM) indicator, approximately 12.47 million coins were purchased at this price. If holders decide to exit their positions, the upward momentum may fizzle out.

GIOM AVAX. Source: IntoTheBlock Avalanche (AVAX) Price Forecast: Consolidation Ahead

Avalanche’s price has risen more than 15% over the past few days. At the time of writing AVAX price is trading at $36.5, meanwhile, the $31 mark became the lower limit of the consolidation range in which the altcoin has been for a month. The upper limit is located at $39.

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Over the past month, AVAX tried to break out of consolidation three times, but failed each time. This will continue until the 50-day exponential moving average (EMA) crosses the 200-day EMA. However, the bearish thesis could be refuted if investors decide to hold or accumulate tokens. In this case, Avalanche will break out of the range, potentially confirming $39 as support.

WienerAI Presale Rockets Past 2.3 Million Benchmark

The pre-launch phase of WienerAI memecoin, preceding its official debut, has attracted substantial interest from initial adopters and investors keen to jump in at the ground level of what promises to be a groundbreaking addition to the cryptocurrency ecosystem. Additionally, exceeding the 2.3 million mark during the presale signifies not just the fervor surrounding the project but also the burgeoning desire for creative and unorthodox digital assets. Furthermore, WienerAI, a project that merges predictive technology with an intuitive AI interface to empower cryptocurrency traders, has surpassed the 2.3 million mark in its presale.

About WienerAI Presale Progress

WienerAI’s technology empowers users to swiftly scour the crypto market for promising prospects. Users can consult WienerAI to identify their next trade, and the platform furnishes market analysis to assist them in making well-informed choices. Additionally, WienerAI facilitates effortless and MEV-free swaps via decentralized exchanges.

The project utilizes $WAI, an ERC20 token on the Ethereum Blockchain, as its primary token. $WAI fuels the WienerAI trading bot. WienerAI underscores the immense potential of AI in the financial sector, stressing that current functionalities are merely a peek at what the future holds. Moreover, the project emphasizes Wiener’s limitless upgradability and its adaptable technological design, guaranteeing WienerAI stays at the forefront of AI advancements in the trading domain.

The post Avalanche (AVAX) Faces Consolidation After 15% Rally, While WienerAI Presale Crossed $2.3 Million first appeared on The VR Soldier.

A recent report from CoinGecko highlights Solana speed dominance: with an average of 1,504 transactions per second (TPS), the blockchain outpaces Polygon and Ethereum by 5 and 46 times, respectively.

Solana is 46 times faster than Ethereum

On April 6, 2024, during a surge in interest in memecoins, Solana demonstrated its maximum capabilities, achieving a record daily TPS. “Despite this impressive result, it is important to note that Solana is running at just 1.6% of its theoretical maximum speed of 65,000 TPS,” CoinGecko noted.

Blockchains that do not support EVM are, on average, faster than EVM-compatible ones. Sui came in second in actual TPS with a score of 854, thanks to the popularity of the online game Sui 8192. Other fast blockchains that are not EVM compatible include TON with 175 TPS and Near Protocol with 118 TPS.

BNB Smart Chain (BSC) leads the EVM category with 378 TPS recorded during a surge in activity on December 7, 2023. It is followed by Polygon, which reached 190 TPS on November 16, 2023, becoming the fastest among Ethereum scaling solutions.

Blockchains by maximum average daily TPS. Source: CoinGecko

Ethereum and its major scaling solutions have collectively achieved an actual TPS of 500, trailing Solana and Sui. However, the study highlights that almost all significant blockchains have set their maximum actual TPS over the past year. The only exception is Thorchain, which peaked in May 2022.

The problems haven’t gone away

Despite its impressive speed, Solana still faces a number of challenges. Thus, in February 2024, the network experienced a significant outage due to decreased performance. Validators reported a temporary halt in transactions, calling into question the effectiveness of the blockchain.

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Additionally, the Solana Pump.fun DeFi protocol was attacked  on Tuesday. The attacker used flash credits to hack contracts, resulting in the loss of 12,000 SOL or approximately $2 million. The Pump.fun team responded by updating contracts and suspending trading to prevent further incidents.

 

The post Solana surpasses Ethereum and Polygon in transaction speed first appeared on The VR Soldier.

Dogwifhat, dog-themed memecoin, that witnessed a substantial upside move recently has commenced descending triggered by a couple of elements. However, WIF value plummeted over 12% today as memecoin craze concluded with the correction in GameStop (GME) stock price. In addition, Among the top 100 cryptocurrencies based on market cap, memecoins such as WIF, BOME, PEPE, and FLOKI spearheaded the decline in the crypto market, affirming it’s a meme token-led downfall.

Dogwifhat (WIF) Price Plummets 12%

WIF value dropped 12% in the past 24 hours, with the value currently trading at $2.58 at the time of writing. The 24-hour low and high are $2.53 and $2.89, respectively.

Whales and traders are offloading dogwifhat to lock in profits early as GameStop and AMC Theatres prices descended after the recent FOMO for upside. Meanwhile, GameStop value descended after a spectacular rally last week, plummeting more than 20% today after reaching a 52-week high of $64.83.

Coinmarketcap

A whale sold 732,481 WIF worth $1.85 million. In addition, this whale procured the WIF holdings for $2.18 million but opted to sell complete WIF holdings at a loss. Other whales have echoed the same sentiment to unload their holdings in WIF.

Meanwhile, traders are also liquidating their positions in WIF as it even fails to reach short zones and chart patterns signal extensive selling upcoming in dogwifhat. Crypto analysts have identified $2.5 as the pivotal support level to watch. If WIF loses this support level, the subsequent drop will be around $1.6.

Is The Memecoin Craze Over?

The memecoin hype witnessed recently was instigated by GameStop rally. Moreover, as the GME value descended, so did the memecoins including BOME, PEPE, and FLOKI values.

Notably, derivatives traders have not begun offloading WIF. Moreover, the WIF exchange futures open interest surged nearly 5% in the past 24 hours. The high confidence in derivatives traders could steer the market action next week. Traders are likely to crash WIF next week if the pivotal support is breached.

The post WIF Selloff Alert: Dogwifhat Plummets On Various Factors first appeared on The VR Soldier.

Despite the impressive jump from $6.4 to $7.1, Polkadot (DOT) uptrend is still not sustainable. In addition, using on-chain metrics and technical indicators, we figure out what to expect from altcoin dynamics in the near future.

Polkadot (DOT) Charts Signal Potential Price Correction

The Ichimoku Cloud is a technical analysis tool that consists of several indicators. It provides insight into potential support and resistance zones and is also used to predict the future trend. However, the chart below shows that DOT has broken above the 4-hour Ichimoku cloud. A return to it may signal a trend reversal. On the daily timeframe, the altcoin price is approaching the lower boundary of the cloud.

DOT /USDT chart . Source: TradingView

On-chain data, meanwhile, is showing alarming trends. The number of new Polkadot addresses has dropped significantly, hinting at a loss of investor interest in the asset.

Number of new DOT addresses . Source: IntoTheBlock

However, a sustained decline in the number of new addresses can impact the overall health and expansion of the ecosystem. In the context of Polkadot, this decline could mean several things:

-Declining activity among existing users due to a lack of interesting projects, updates, or incentives to maintain engagement.

-Growing bearish sentiment in the broader market.

-Challenges in maintaining the project’s unique value proposition relative to other solutions.

The chart below shows the 7-day moving average (7DMA) of daily transactions on the network. After reaching a peak in January 2024, their numbers have been steadily declining.

Number of new addresses in the Polkadot relay chain (7DMA). Source: IntoTheBlock

A drop in activity often correlates with a decrease in overall network usage, and as a result, a decrease in demand for the native token.

What to Expect from (DOT) Price?

At the writing time, Polkadot price is trading at $7.16 according to coinmarketcap. However, Polkadot showed an uptrend, breaking above the 4-hour Ichimoku cloud. This technical pattern indicates potential bullish momentum. However, traders should be careful as a pullback to the cloud on the 4-hour timeframe could signal a trend reversal. 

coinmarketcapDOT’s recent uptrend is heavily influenced by broader market movements, particularly the rise in the price of Bitcoin. In addition, the dynamics of the altcoin were greatly facilitated by speculative activity around derivative contracts. Moreover, while technical indicators point to bullish momentum, on-chain data hints at potential risks. Declines in the number of active addresses and transaction volume signal that investors are choosing to stay on the sidelines.

The post Polkadot Party Time or Price Pullback? Experts Weigh In  first appeared on The VR Soldier.

Due to bearish market conditions, the Cardano (ADA) price rise risks missing an important target, failing in yet another attempt to reclaim $0.50 as a support level. However, investors still have a chance to influence the situation if they are optimistic enough. On the other hand, Healix Protocol is becoming a leader In the fast-paced world of blockchain technology and decentralized finance (DeFi), and its strategic vision a paramount to success. However, as one of the most promising projects in the healthcare sector, Healix Protocol stands out for its innovative approach and forward-thinking strategies.

Cardano faces growing bearish activity

Although Cardano’s price has risen significantly this week, the rally may come to an end before the altcoin regains its key level.

RSI ADA. Source: TradingView

According to the relative strength index (RSI), which has risen above 70, ADA is in the overbought zone. Moreover, after reaching this level, corrections followed, during which the asset recorded a significant decline.

Active ADA addresses. Santiment

However, Cardano holders have the opportunity to change this outcome. In addition, according to the analytical platform Sentiment, over the past two weeks the number of transactions with altcoins has dropped significantly. If investors return to action, the price of ADA may begin to recover.

Cardano ADA price forecast: fall ahead

At the time of writing, Cardano is trading at $0.48. However, the above conditions create a bleak outlook, suggesting a potential drawdown to $0.46 or lower, which would send the altcoin back into consolidation.

However, if selling pressure begins to build, ADA could bounce off support and continue its rally, nullifying the bearish scenario.

Driving Value Creation through HLX Token Presale

Healix Protocol stands out in the healthcare sector for its innovative approach and forward-thinking strategies. Central to its vision is the HLX token presale, offering investors a unique opportunity to participate in platform growth while unlocking exclusive benefits.

Through strategic partnerships and innovative tokenomics, the HLX token presale aims to drive value creation and empower early adopters as stakeholders in the Healix ecosystem. With a limited supply and increasing demand, the HLX token presale presents a compelling investment opportunity for those seeking exposure to the evolving healthcare sector.

Healix Protocol’s Strategic Partnerships

In its pursuit of an ambitious vision, Healix Protocol recognizes the importance of strategic partnerships. By collaborating with leading healthcare providers, research institutions, and technology partners, Healix Protocol harnesses collective expertise and resources to drive innovation and scale impact.

Through these alliances, Healix Protocol expands its reach, accelerates product development, and creates new growth opportunities. By forging partnerships, Healix Protocol is positioned to lead the way in reshaping the future of healthcare through blockchain technology.

The post Cardano (ADA) May Fall Short of $0.50, Healix Protocol has a Vision for a Decentralized Future of Healthcare first appeared on The VR Soldier.

In just a few months of 2024, the performance of The Open Network (TON) blockchain increased 10 times. TON is considered one of the most efficient networks in the decentralized finance (DeFi) sector. Thanks to integration with the Telegram messenger and new partnerships, blockchain activity is growing at an unprecedented pace. However, with the introduction of AI-powered trading bots like BITBOT, a new era of efficiency and precision has dawned upon traders. In addition, similar to how elevators reshaped city skylines, AI automated trading is poised to revolutionize the markets, and BITBOT aims to lead this transformative movement.

Rapid Development of The Open Network (TON)

According to DefiLlama, the total value of locked funds (TVL) of TON is currently $206.9 million. Over the past month alone, the figure has jumped by 46%. 

As of January 2024, TVL TON was valued at $13.5 million. That is, in less than six months, the total value of locked funds in the ecosystem protocols jumped more than tenfold, or by 1,432%. 

TVL TON. Source: DefiLlama

The price of the ecosystem’s native coin, Toncoin (TON), increased by more than 180% over the same period of time. Moreover, back in January, the asset price was $2.08, while now it is $6.46, according to Coinmarketcap.  

What Influenced The Growth of The Open Network Ecosystem?

A number of events contributed to a significant jump in activity in TON. However, since the beginning of 2024, the project developers have entered into several partnerships at once, and also expanded the capabilities of the blockchain within Telegram. 

-The TON Society developer community has begun collaborating with the HumanCode protocol. However, as part of the collaboration, the platforms will introduce a mechanism for confirming identity by palm in Telegram. In addition, against the backdrop of this news, Toncoin updated its all-time high in early April. 

-TON Foundation has partnered with HashKey to improve the accessibility of cryptocurrency services for the Asian crypto community. 

-Telegram has integrated payments into TON. Content creators will now be paid for advertising in the Toncoin cryptocurrency. 

-The largest stablecoin on the market from Tether, USDT, appeared on the TON blockchain. 

-Investment giant Pantera Capital announced significant investments in The Open Network. Representatives of the venture capital company did not disclose the amount, but stated that this investment is the largest in the history of the company. 

In addition, amid the hype around memcoins, the TON team presented the Memelandia project. Thanks to it, developers were able to create “meme” coins on The Open Network. On the other hand, the popularity of the Web3 app Notcoin has also had a huge impact on the ecosystem . Yesterday, May 16, the project launched the long-awaited NOT token . In less than 24 hours, the asset trading volume exceeded $1.4 billion .

BITBOT: Streamlining Trading with AI Precision

BITBOT AI brings immediate and precise trade execution to the fingertips of traders, right within the familiar environment of Telegram. Moreover, its utilizing natural language processing (NLP), BITBOT understands and executes trading commands seamlessly, ensuring no opportunity is missed in the dynamic crypto market. By automating complex decisions and actions, BITBOT eliminates human error and expands the scope of assets traders can engage with, making it an indispensable tool in the era of hyper-financialization.

Empowering Traders with Real-Time Insights

In today’s information-rich landscape, access to real-time market insights is invaluable. BITBOT AI serves as an on-the-go analyst, providing traders with direct access to comprehensive market updates and top-performing coins instantly. In addition, through advanced market sentiment analysis, BITBOT leverages AI to gauge market sentiment accurately, identifying potential high-yield investments and opportunities for exponential gains.

Seamlessly integrated with Telegram, BITBOT offers a smooth and intuitive trading experience, empowering traders to make informed decisions and navigate the ever-evolving crypto market with confidence.

The post The Open Network (TON) Soars 14x, While BITBOT Leverages AI for Next-Gen Experience first appeared on The VR Soldier.

The Origin Protocol is a cornerstone of decentralized finance (DeFi) and NFT accessibility on the Ethereum platform. It simplifies NFT issuance and empowers creators through its NFT Launchpad marketplace, hosting groundbreaking drops like 3LAU’s album. At its core, Origin Protocol aims to make DeFi and NFTs more accessible to the wider audience. In addition, learn in this article how effortless yield farming with Origin Dollar (OUSD) and Origin Ether (OETH) on the Origin Protocol. Securely manage assets with Tangem’s innovative hardware wallet.

Effortless Yield Farming with Origin Dollar (OUSD) & Origin Ether (OETH)

One of Origin’s key offerings is the Origin Dollar (OUSD), a stablecoin that enables users to earn yields without the need for staking or locking up their assets. Unlike traditional DeFi platforms that often require users to lock up their funds to earn rewards, OUSD allows for flexible yield farming. Users can deposit stablecoins like USDT, USDC, or DAI through the native Dapp and start earning yields seamlessly.

Another lucrative option within the Origin ecosystem is Origin Ether (OETH). OETH functions as an Ethereum yield aggregator, optimizing between liquidity provision strategies and liquid staking tokens. Fully backed by Ether and ETH liquid staking tokens (LSTs), OETH offers boosted yields directly to holders’ wallets through Origin Protocol’s unique rebasing function, mirroring the simplicity of stablecoin rewards.

Yield farming opportunities abound with both OUSD and OETH, providing users with avenues to accumulate stablecoins or Ether while maintaining permissionless access to their assets. OETH tracks the price of Ether, allowing users to accrue more of the cryptocurrency over time. Additionally, Origin DeFi Governance (OGV) token holders enjoy a share of protocol-owned value and fees generated within the Origin ecosystem.

Tangem & Origin for the Future of DeFi

Tangem, a leader in non-custodial crypto storage, has joined forces with Origin to enhance security and accessibility for yield farming enthusiasts. Tangem’s hardware wallet, known for its simplicity and robust security features, ensures that users can securely manage their Origin tokens while enjoying the benefits of cold storage. With an innovative backup system and an EAL6+ certified chip, Tangem’s smartcard design provides peace of mind to users, even in extreme scenarios.

The collaboration between Tangem and Origin opens up new possibilities for yield farming enthusiasts seeking security and convenience. By integrating support for OGV, OUSD, and OETH, Tangem Wallet users can securely manage their Otokens with unparalleled ease. In an environment where security vulnerabilities in centralized and decentralized exchanges are prevalent, Tangem’s cold storage solution offers a reliable alternative for safeguarding assets.

At The End

Looking ahead, Origin Protocol plans to expand its DeFi strategies to further boost yields for OUSD and OETH holders. Tangem, on the other hand, is set to unveil new features and upgrades to its wallet, including a mobile app update and support for seed phrases. Moreover, with the integration of more blockchain networks and DeFi protocols, Tangem aims to provide users with even greater autonomy and security in managing their assets. Moreover, the collaboration between Origin Protocol and Tangem offers yield farming enthusiasts a secure and accessible way to participate in DeFi. Meanwhile, with Origin’s yield-generating tokens and Tangem’s innovative hardware wallet, users can navigate the complexities of DeFi with confidence, knowing that their assets are protected.

The post Origin Protocol Makes Yield Farming Easy for Everyone first appeared on The VR Soldier.

Dogecoin recent surge has seen a whale offloading substantial amounts of the dog-themed memecoin, sparking chatter in the crypto circles. An enormous 120M DOGE tokens, as per on-chain data surfacing within the market, were unloaded onto the Robinhood exchange by an unknown whale today, May 18.

In addition, this transfer has stirred speculations regarding DOGE’s forthcoming price trajectory, as crypto market participants perceive this dump as a somewhat pessimistic event. However, Here’s a comprehensive details on Dogecoin’s current market statistics and the rationales behind crypto investors’ recent cautious stance towards this asset.

120M DOGE Whale Transfer Sparks Investor Concerns

According to the insights provided by Whale Alert, an on-chain analytics platform, 120 million DOGE, valued at $18.55 million, was observed to have been dumped by the unidentified address DDuXG onto the Robinhood crypto exchange. Remarkably, this transfer occurs amidst a recent upward price action experienced by DOGE, hinting at potential profit-taking behaviors by the wallet address.

Meanwhile, upon deeper investigation, it was discovered that the same address was noted to have amassed 226 million DOGE from Robinhood last month, when DOGE traded near the $0.13 price level. This underscores significant gains secured by the crypto whale with the aforementioned transfer, as the price currently sits at the $0.15 level.

With nearly 50% of the DOGE accumulated still remaining with the address, crypto market participants expressed optimism for Dogecoin’s price action ahead. Simultaneously, despite the substantial selling pressure faced by Dogecoin due to the abovementioned transfer, the memecoin traded in the green.

Dogecoin (DOGE) Price Soars

As of writing, Dogecoin’s price noted an increase of 2.95% in the past 24 hours and 7% within the last 7 days, and it is currently trading at $0.1546. Its 24-hour lows and highs are $0.1495 and $0.1569, respectively.

The largest memecoin by market cap, resting at $1.10 billion, has defied market expectations of a slump in price with significant token dumps on exchanges. This has, in turn, spawned speculations over the potential of memecoin based investment products to offer investors gains.

coinmarketcap

Meanwhile, Coinglass data showed a 7.06% surge in DOGE’s OI to $869.93 million, followed by a 7.10% dip in derivatives volume to $1.44 billion. Underscoring mixed sentiments among investors, potentially due to speculative trading, this data further mystifies the token’s future price movements.

X

Besides, the RSI (Relative Strength Index) hovered at 52, indicating that the asset is neither overbought nor oversold. However, the crypto market is bullish about the Dogecoin price and many of the crypto community are expressing their price predictions on social media platform X. 

The post Dogecoin Soars Despite Whale Dumping 120 Million Coins first appeared on The VR Soldier.

Avalanche (AVAX) price is expected to remain consolidated owing to the lack of substantial growth expected from the altcoin. The currency holders also exhibit a selling sentiment since short-term investors dominate the supply.

Avalanche Investors Wants to Sell

Avalanche’s price could soon observe the impact of investors’ behavior; the supply is dominated by short-term holders known to hold their supply for one month or less. 

This makes their holdings susceptible to selling. In the case of AVAX, nearly 28% of all circulating AVAX is in their hands. Forty percent of the coin is still held by mid-term investors who hold their assets for over a month and less than a year. However, 28% still makes up for over 107 million AVAX, making these investors a major threat to Avalanche’s price.

Secondly, Avalanche’s price will face significant resistance owing to a massive demand barrier. According to the Global In/Out of the Money indicator (GIOM), about 12.47 million AVAX await profits. This supply was bought at an average price of $38, making it worth over $473 million.

Avalanche GIOM. Source: IntoTheBlock

This would require strong bullish cues, as AVAX would have to push to $42 to ascertain absolute and complete profits. However, considering the market conditions, this may not happen. As a result, Avalanche’s price will fall back down.

AVAX Price Prediction: Consolidation Ahead

Avalanche’s price, $37.5, has rallied 15% in the past three days, pulling it up from $31. The latter marked the lower limit of the consolidation range AVAX has been stuck in for a month. The upper limit stands at $39.

Coinmarketcap

The altcoin has attempted to break out of this consolidation nearly three times in the last month but has failed each time. Even during this week’s rally, AVAX only made it halfway. Furthermore, the cryptocurrency has been unable to invalidate the death cross that occurred over six weeks ago.

The bearish influence will continue until the 50-day Exponential Moving Average (EMA) crosses over the 200-day EMA. As a result, Avalanche’s price will likely remain consolidated until the end of the month.

However, the bullish thesis could be invalidated if the winds shift and AVAX investors opt not to sell but push forward instead. AVAX would need to break out of the consolidation and flip $39 into support.

The post Avalanche (AVAX) Pumps 15%! Will It Overcome Resistance? first appeared on The VR Soldier.

The recent market rally has spurred Uniswap (UNI) to attempt a break above the upper line of its horizontal channel. However, as bearish forces dominate the market, the price of the L2 token might head back toward support. Mallconomy is poised to revolutionize the e-commerce industry with its innovative approach to Metaverse shopping. With a unique Browse-to-Earn model, AI-powered sales assistance, and a commitment to community-driven commerce, Mallconomy stands out as a top presale opportunity in the current market.

Uniswap Witnesses Low Market Activity

The general market consolidation has caused the token’s price to trend within a narrow range in the past few weeks, creating a horizontal channel. A horizontal channel is formed when an asset’s price trades within a defined price range for a sustained period. Uniswap formed this channel on April 13, and its price has since bounced between resistance at $8.35 and support at $6.73. At press time, UNI trades at $7.48, rallying toward the upper line of this channel, which forms resistance. However, bearish activity abounds, possibly forcing a price reversal toward support.

Uniswap Whale Transactions. Source: Santiment

UNI’s daily whale transactions have declined in the last month. For daily transactions worth above $100,000, the count has declined by 44%. For bigger transactions worth more than $1 million, the number completed daily has also dropped by over 50% in the past 30 days. 

When an asset witnesses a decline in whale activity, it may experience a drop in trading volume, making its market less liquid. This has played out in the UNI market over the last month, with its daily trading volume dropping by 48% during that period.

Uniswap Open Interest. Source: Coinglass

In addition to reduced whale activity, UNI’s futures open interest has been downtrend in the last week. At $76 million at press time, it has fallen by 5% in the last seven days. On the other hand, UNI’s futures open interest tracks the total number of outstanding futures contracts or positions that have not been closed or settled. When it declines, it suggests that traders are exiting their positions without opening new ones.

Unispwap (UNI) Price Prediction

Readings from UNI’s Directional Movement Index (DMI) confirmed the bearish trend. At press time, the token’s positive directional index (blue) rested below the negative index (red).

When this indicator is set up this way, selling pressure is significantly above buying momentum. Further, the altcoin’s Relative Strength Index (RSI) was 46.62, below the 50 neutral line. This also signaled a preference among market participants for UNI distribution.  

Uniswap Price Analysis. Source: TradingView

The indicator measures the momentum of an asset’s price change. It ranges from 0 to 100, with values above 70 suggesting overbought conditions and below 30 signaling oversold conditions. However, If bearish pressure mounts and UNI reverses its current trend, its price might fall to $7.06 and head toward support at $6.73.

However, if buying momentum intensifies and the token continues its move toward the upper line of the horizontal channel, it may exchange hands at $7.5 before attempting to breach resistance.

Mallconomy: An Immersive Metaverse Integration

Mallconomy’s seamless integration of existing stores or creation of new, bespoke storefronts within the Metaverse landscape elevates brands to new heights of engagement and visibility. By offering a captivating and immersive shopping experience, Mallconomy not only attracts global visitors but also fosters deeper connections with the digital-native Gen Z demographic.

Through visually stunning environments and interactive features, Mallconomy creates a virtual shopping environment that transcends traditional e-commerce platforms, providing users with a truly unique and memorable experience.

$WOOT: A Rewarding Participation with NFTs

Mallconomy’s Browse-to-Earn model incentivizes customer engagement and loyalty by rewarding visitors for every browse and purchase made within the platform. This innovative approach to incentivizing participation not only encourages users to explore the diverse range of products and services available on Mallconomy but also fosters a sense of community and belonging within the Metaverse ecosystem.

Moreover, Mallconomy offers users the opportunity to stake their NFTs to unlock faster rewards in the Rewards Hub, further enhancing the value proposition for participants. By leveraging the power of NFTs, Mallconomy creates a dynamic and interactive shopping experience that empowers users to not only shop but also earn rewards and stake their digital assets for additional benefits.

The post Uniswap (UNI) Struggles to Rally, Mallconomy Presale is a Great Chance in Metaverse and E-commerce first appeared on The VR Soldier.

Fantom (FTM) has taken the crypto world by storm, surging an impressive 30% within just 24 hours. This meteoric rise has captured the attention of investors and enthusiasts alike, prompting speculation about the driving forces behind this remarkable price movement.

Fantom Infrastructure Upgrades and Developments Within Ecosystem

At the heart of Fantom’s recent surge lies a series of significant developments within its ecosystem, coupled with favorable market conditions. The platform’s relentless focus on enhancing transaction speed and cost-efficiency has positioned it as a formidable player in the blockchain space. However, one of the key catalysts behind Fantom’s surge is the ongoing upgrades to its network infrastructure. FTM has been diligently working on implementing improvements aimed at bolstering the scalability of its network.

The introduction of the Opera Upgrade Dashboard on May 14 marked a pivotal moment for Fantom, signaling the adoption of Sonic technology by validators on the Opera chain. This upgrade, which includes enhancements such as the Fantom Virtual Machine (FVM) and a new storage system for the Opera chain, is poised to catapult FTM to new heights of performance and scalability.

Furthermore, Fantom’s ambitious roadmap for 2024 underscores its commitment to innovation and growth. With plans to upgrade the Opera chain with the latest Sonic technology, Fantom aims to solidify its position as one of the highest-performing monolithic blockchains in the industry. These upgrades not only enhance the platform’s technical capabilities but also instill confidence among investors and developers in Fantom’s long-term potential.

Will Fantom Keep the Uptrend?

Fantom (FTM) is trading above $0.83 is a good sign that the altcoin is safe from diving further, as supported by the Moving Average Convergence Divergence (MACD). This technical analysis tool measures the relationship between two moving averages of an asset’s price. It provides insight into its momentum and potential buy or sell signals.

During recovery moments, the indicator line crosses over the signal line, confirming a bullish crossover. This is the expected outcome as these lines are inching closer. Once this happens, the FTM price will be eligible for an increase.

However, Fantom’s surge is not occurring in isolation. The broader momentum in the crypto markets, fueled in part by positive developments such as softer-than-expected U.S. inflation data, has undoubtedly played a role in driving up FTM’s value. Bitcoin, the flagship cryptocurrency, experienced a notable uptick in price alongside the broader market rally, further contributing to the positive sentiment surrounding cryptocurrencies.

The Future of DeFi and Blockchain

As Fantom continues to innovate and solidify its position in the blockchain landscape, investors and enthusiasts eagerly await further developments and milestones. With a relentless focus on scalability, efficiency, and technological advancement, Fantom is poised to remain a key player in the ever-evolving world of decentralized finance (DeFi) and blockchain technology.

The post Fantom (FTM) Surges 30% on Back of Ecosystem Upgrades and Favorable Market Conditions first appeared on The VR Soldier.

Bitcoin, the gothfather of cryptocurrencies, has established itself as a revolutionary force in the financial landscape. However, its groundbreaking design inherently carries constraints, particularly in terms of programmability and scalability. These limitations have necessitated the exploration of Layer 2 (L2) solutions to complement Bitcoin’s strengths while enhancing its capabilities. Here comes the role of Nervos (CKB), which is a modular blockchain network designed from the ground up to prioritize security, decentralization, flexibility, and interoperability. The heart of this network lies in the Common Knowledge Base (CKB), a secure foundation for all operations within the Nervos ecosystem. Since its launch in 2019, CKB has continuously evolved to address the ever-changing demands of the blockchain landscape.

BTCKB Initiative: Bridging the Gap Between Bitcoin and CKB

A standout initiative within the Nervos ecosystem is the recently introduced “BTCKB” project (2024). This ambitious project aims to bridge the gap between Bitcoin and CKB by leveraging their shared principles, such as the Proof of Work (PoW) consensus mechanism and the Unspent Transaction Output (UTXO) model. By tightly coupling these two platforms, CKB unlocks powerful smart contract capabilities and facilitates the seamless transfer of Bitcoin L1 assets to the CKB blockchain.

The security of CKB is bolstered by its innovative PoW consensus mechanism, NC-MAX. Building upon Bitcoin’s Nakamoto consensus, NC-MAX has been meticulously optimized to overcome performance bottlenecks while maintaining exceptional efficiency and security. Additionally, CKB’s use of the Cell model, an extension of Bitcoin’s UTXO model, enables a groundbreaking technology called “isomorphic binding.” This technology facilitates trustless asset transfers from Bitcoin’s L1 to the CKB blockchain, extending Bitcoin’s capabilities without compromising security.

Decentralization and Future-Proof Compatibility

What truly sets CKB apart is its unwavering commitment to decentralization, security, and, most importantly, compatibility with Bitcoin. The Cell model serves as the bedrock for Turing-complete smart contracts, offering a highly scalable and flexible programming environment for developers. Furthermore, CKB’s virtual machine (CKB-VM), powered by RISC-V instruction sets, ensures compatibility with current and future cryptographic primitives, guaranteeing the network’s resilience and long-term adaptability.

CKB’s layered architecture empowers a wide range of scalability solutions, including state channels, payment channels, sidechains, and EVM-compatible rollups. This multi-layered approach not only enhances the network’s throughput and efficiency but also provides a robust framework for future innovations within the Nervos ecosystem. Moreover, CKB features native account abstraction, making the blockchain user-friendly and accessible to a broader audience, thus encouraging wider adoption and diverse use cases.

Nervos (CKB) Sustainable Tokenomics: Balancing Growth and Security

In terms of tokenomics, CKB employs a dual issuance model to ensure long-term sustainability. The primary issuance mirrors Bitcoin’s hard-capped supply and halving issuance rate, providing a predictable and secure foundation. The secondary issuance, however, is uncapped and directed towards users storing data on the CKB blockchain. This approach tackles the state explosion problem inherent in smart contract platforms while simultaneously incentivizing miners with a predictable long-term block reward.

Nervos (CKB) stands as a shining example of innovation and collaboration within the ever-evolving blockchain space. By extending Bitcoin’s capabilities and fostering interoperability, CKB has positioned itself as a key player in the ongoing evolution of decentralized finance (DeFi) and Web3.0. With its unwavering commitment to security, decentralization, and compatibility, CKB is poised to continue shaping the future of blockchain technology and driving mass adoption within the broader Bitcoin ecosystem.

The post Nervos (CKB): Bitcoin’s Bridge to the Future of Blockchain first appeared on The VR Soldier.

Shiba Inu (SHIB) broke the upper boundary of the symmetrical triangle amid growing buying pressure. However, the price of the popular memecoin Shiba Inu is trading above the upper boundary of the symmetrical triangle, which has served as resistance since March 7th.

Shiba Inu enjoys bullish sentiment

Market conditions are favorable for Shiba Inu (SHIB). Several factors point to a possible continuation of the bullish trend. Meanwhile, a breakout of the upper boundary of the symmetrical triangle is considered a bullish signal. It is strengthened by the positive dynamics of open interest (OI).

Currently, open interest in SHIB futures stands at $77.26 million. The figure is up 38% since the beginning of the month and is at its highest level since April 14, indicating an influx of new capital into the asset and an increase in the number of traders opening new positions.

Coinglass

The positive financing rate also confirms optimism. This mechanism provides a balance between long and short positions in the perpetual futures market.

Coinglass

Positive values ​​indicate dominance of long contracts and mean that the contract price is above the spot price. This means that more traders are buying the coin with the expectation of selling at a higher price.

SHIB Price Forecast: A Pullback May Happen First

The token is trading above the long-term resistance level, but the risk of correction will remain. Key technical indicators warn of this.

coinmarketcap

For example, the MACD indicator gives alarming signals. However, this metric demonstrates the relationship between two moving averages of an asset’s price. The index consists of two lines – the MACD line and the signal line. When the short-term moving average moves below the long-term moving average, it is considered a bearish sell signal. This is exactly the picture now observed on the SHIB chart.

TradingView

In addition, the Awesome oscillator generates red bars. Moreover, this color indicates bearish momentum, which is often considered a signal to start selling or going short.

If bearish activity intensifies, Shiba Inu may break through the lower border of the triangle, which served as support, and decline to $0.00002535. Meanwhile, further development of the movement in the upward trend may bring the price to the area of ​​$0.000028.

The post Shiba Inu (SHIB) Eyes Further Gains After Recent Breakout first appeared on The VR Soldier.

As Dogecoin (DOGE) price recovered and rallied over 7%, a titan offloaded 200 million DOGE tokens. Moreover, a surge in Dogecoin’s titan activity was noted. While the buying pressure from titan accumulation could propel the DOGE price higher, the latest transaction suggests otherwise. WienerAI smart tech and easy AI interface let you quickly search the crypto market for hidden opportunities. Ask WienerAI for your next trade, and it gives you the analysis to help you win more. Then swap seamlessly, without MEV, on decentralized exchanges.

Whale Offloads Massive DOGE Reserve

According to whale Alert, a Dogecoin whale recently transferred 200 million DOGE, equivalent to approximately $30.86 million. The transaction was executed from an unknown wallet to the popular trading platform Robinhood. This transaction has raised concerns within the crypto community, suggesting a potential dump that could halt the recent price rally of Dogecoin.

Dogecoin has experienced a notable price increase of over 7% in the last 24 hours, largely fueled by renewed buying power in the market. However, the substantial transfer to Robinhood indicates that a large holder, signals they may be preparing to sell a significant portion of their holdings. This action could introduce selling pressure and reverse the current upward momentum.

Meanwhile, data from IntoTheBlock provides additional insights into the activity of large Dogecoin holders. Over the past month, there has been a marked increase in the number of large transactions. The number of transactions peaked at 1.86K transactions on Wednesday, May 14, 2024. Moreover, this surge in activity highlights the heightened involvement of whales and institutional investors.

intotheblock

Furthermore, the volume of these large transactions also spiked, reaching 11.55 billion DOGE on the same day. It suggests substantial movements of tokens and likely strategic positioning by whales. While several Dogecoin massive transactions could have accounted for accumulation, the latest one hints at a potential selloff by whaleswho want to realize profits amid the recent surge.

Will Dogecoin Price Rally Come To An End?

Dogecoin managed to surge beyond $0.15 and even neared the $0.16 milestone. At the time of writing, the DOGE price soared 6.10% to $0.1556 on Thursday, May 16. Furthermore, the largest meme crypto’s market valuation spiked to $22.46 billion. Moreover, DOGE’s 24-hour trading volume shot up by 18.33% to $1.96 billion.

In addition, the Dogecoin futures open interest climbed 11.83% to $884.94 billion, indicating renewed interest among derivatives traders. However, short sellers dominated liquidations with $2.51 million, according to Coinglass. While the short squeeze could send DOGE’s value higher, the dump would be even more significant when shorts take charge.

Analyzing the technical indicators, Dogecoin’s price dynamics are at a critical juncture. The 50-day Exponential Moving Average (EMA), currently around $0.1652, is acting as a resistance level. A breakout above this level could signal the onset of a bullish market. Moreover, it could potentially drive the DOGE price higher to the next resistance points at $0.18 and $0.20.

On the other hand, the 100-day EMA, positioned at $0.1434, is providing a level of support, indicating a cushion against significant declines. The 200-day EMA, at $0.1237, serves as a major long-term support level. If the increased activity from whales results in substantial selling pressure, Dogecoin might face a bearish scenario, testing these support levels.

WienerAI Shows How AI Helps Crypto Trading

WienerAI may have a funny name, but it’s serious tech. It’s like having a smart robot that looks for good deals in cryptocurrency trading. However, Imagine having a buddy that checks the market all the time and tells you when to buy or sell. That’s what WienerAI does; it gives you tips instantly. Plus, it lets you trade different tokens without any fees on certain platforms.

WienerAI ($WAI) token and Trading Bot that merges the worlds of artificial intelligence, canine loyalty, and crypto trading–into a singular global movement. WienerAI is not just a digital asset–it’s the most advanced beginner-friendly crypto trading bot ever created. With predictive technology, a simple yet comprehensive interface, and endless functionality–WienerAI puts crypto traders ahead of the game by giving them advantage over all other traders.

You don’t have to worry about missing out on trades or other bots beating you. For example, if you’re interested in Bitcoin, WienerAI can tell you when it’s a good time to buy or sell. And you can do it quickly through WienerAI.

WienerAI’s Presale Raises Over $1.9M Thanks to Investors

WienerAI’s sale is getting a lot of attention. Investors have put in over $1.9 million so far because they’re excited about it. Right now, you can buy WienerAI tokens for about $0.000707 each. Big names like Matthew Perry and the 99Bitcoins channel are talking about WienerAI. They like its smart features and funny name. Even experts at the VR Soldier say it’s one of the top sales happening. Meanwhile, even though it’s a new and funny token, people are taking it seriously. Whether it’s because of the smart trading or the rewards for staking, people are liking WienerAI. Everyone’s watching to see if this dog-themed token keeps doing well.

The post Dogecoin (DOGE) Whale Dumps $200M Tokens, while WienerAI is transforming crypto trading with AI tech first appeared on The VR Soldier.