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🐻 Why the Market Fell Again
Yesterday, BTC could not stay above $67 thousand, which is why its price broke through the $65 thousand level, pulling the entire market with it.
📉 First of all, such a rollback is associated with the outflow of capital from the ETF, which yesterday recorded minus $120.6 million, while the inflow into the BlackRock ETF remained at zero for the first time, while Grayscale continued to sell BTC in the amount of $130 million. The fall in the cryptocurrency is also associated with the arrest head of the Samourai Wallet, Keonna Rodriguez, by the US Department of Justice.
🗣 But most of this market movement is due to post-halving uncertainties. At the moment, the market needs catalysts for movement, so BTC may react to even small local news in the near future.
$BTC $ETH $BNB
Yesterday, BTC could not stay above $67 thousand, which is why its price broke through the $65 thousand level, pulling the entire market with it.
📉 First of all, such a rollback is associated with the outflow of capital from the ETF, which yesterday recorded minus $120.6 million, while the inflow into the BlackRock ETF remained at zero for the first time, while Grayscale continued to sell BTC in the amount of $130 million. The fall in the cryptocurrency is also associated with the arrest head of the Samourai Wallet, Keonna Rodriguez, by the US Department of Justice.
🗣 But most of this market movement is due to post-halving uncertainties. At the moment, the market needs catalysts for movement, so BTC may react to even small local news in the near future.
$BTC $ETH $BNB
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3 cryptocurrencies to turn $10 into $1,000 in 2024
As the cryptocurrency market attempts to put behind the recent bearish sentiments, several projects are poised to yield profits on a modest investment. A prevailing consensus suggests that the crypto market, spearheaded by Bitcoin (BTC), will likely experience a rebound.
Market participants anticipate that factors such as the Bitcoin halving, the recent approval of a spot Bitcoin exchange-traded fund (ETF), and a potential similar product for Ethereum will catalyze a long-term rally.
In the meantime, analysts are also projecting a rebound in the altcoin market, noting that positive sentiments in the market will likely drive buying pressure.
In line with this perspective, Finbold has identified three cryptocurrencies that hold the potential to help investors turn a $10 investment into $1,000 in 2024.
Avalanche (AVAX)
Avalanche (AVAX) has established itself as a formidable player in decentralized finance (DeFi). Recognized for its high throughput and low transaction fees, the Avalanche platform is pivotal for developers and users.
Over the past year, Avalanche achieved significant milestones on multiple fronts. Notably, its valuation surged towards the end of the year, targeting the $50 resistance. At the same time, the platform forged partnerships, including notable collaborations with the gaming company BLRD and Amazon’s (NASDAQ: AMZN) AWS, a positive factor for price growth.
With the ecosystem expanding and more projects building on Avalanche, a $10 investment could yield substantial returns as the platform gains widespread adoption.
By press time, AVAX was trading at $31.86, registering daily gains of almost 7%. However, on the weekly chart, AVAX experienced a 4% decline.
Solana (SOL)
Often touted as the “Ethereum (ETH) killer,” Solana (SOL) has gained prominence with its high-performance blockchain. Boasting impressive transaction speeds and low fees, the Solana network is a key platform for decentralized applications and smart contracts.
Notably, in 2023, SOL surpassed the $100, driven by the fear of missing out (FOMO) surrounding Solana’s SPL token airdrops. The rally indicates the token still has the potential for further upside. Additionally, Solana is showing high investor interest as the platform plans to launch a second new smartphone, building on the success of its initial crypto-ready device. With positive market sentiments, Solana will likely rally toward its last all-time high of over $200.
A $10 investment in Solana could witness growth, particularly as more developers and users join its ecosystem.
By press time, Solana is trading at $90.99, having rallied over 4% in the last 24 hours.
Polygon (MATIC)
Polygon (MATIC), a layer-2 scaling solution for Ethereum, has become a key entity in enhancing the scalability and user experience of the Ethereum network. With the escalating demand for decentralized applications on Ethereum, Polygon’s infrastructure offers a viable solution.
Given the array of projects building on its platform, a $10 investment in Polygon could capitalize on the network’s increasing importance in the broader blockchain landscape.
MATIC had recorded weekly losses of about 4% by press time, while on the daily chart, the token was up 3%, trading at $0.75.
Finally, although these projects present exciting opportunities with strong fundamentals, it’s crucial to note that their success will largely depend on overall market sentiments.
$AVAX $SOL $MATIC #TradeNTell #Write2Earn
Market participants anticipate that factors such as the Bitcoin halving, the recent approval of a spot Bitcoin exchange-traded fund (ETF), and a potential similar product for Ethereum will catalyze a long-term rally.
In the meantime, analysts are also projecting a rebound in the altcoin market, noting that positive sentiments in the market will likely drive buying pressure.
In line with this perspective, Finbold has identified three cryptocurrencies that hold the potential to help investors turn a $10 investment into $1,000 in 2024.
Avalanche (AVAX)
Avalanche (AVAX) has established itself as a formidable player in decentralized finance (DeFi). Recognized for its high throughput and low transaction fees, the Avalanche platform is pivotal for developers and users.
Over the past year, Avalanche achieved significant milestones on multiple fronts. Notably, its valuation surged towards the end of the year, targeting the $50 resistance. At the same time, the platform forged partnerships, including notable collaborations with the gaming company BLRD and Amazon’s (NASDAQ: AMZN) AWS, a positive factor for price growth.
With the ecosystem expanding and more projects building on Avalanche, a $10 investment could yield substantial returns as the platform gains widespread adoption.
By press time, AVAX was trading at $31.86, registering daily gains of almost 7%. However, on the weekly chart, AVAX experienced a 4% decline.
Solana (SOL)
Often touted as the “Ethereum (ETH) killer,” Solana (SOL) has gained prominence with its high-performance blockchain. Boasting impressive transaction speeds and low fees, the Solana network is a key platform for decentralized applications and smart contracts.
Notably, in 2023, SOL surpassed the $100, driven by the fear of missing out (FOMO) surrounding Solana’s SPL token airdrops. The rally indicates the token still has the potential for further upside. Additionally, Solana is showing high investor interest as the platform plans to launch a second new smartphone, building on the success of its initial crypto-ready device. With positive market sentiments, Solana will likely rally toward its last all-time high of over $200.
A $10 investment in Solana could witness growth, particularly as more developers and users join its ecosystem.
By press time, Solana is trading at $90.99, having rallied over 4% in the last 24 hours.
Polygon (MATIC)
Polygon (MATIC), a layer-2 scaling solution for Ethereum, has become a key entity in enhancing the scalability and user experience of the Ethereum network. With the escalating demand for decentralized applications on Ethereum, Polygon’s infrastructure offers a viable solution.
Given the array of projects building on its platform, a $10 investment in Polygon could capitalize on the network’s increasing importance in the broader blockchain landscape.
MATIC had recorded weekly losses of about 4% by press time, while on the daily chart, the token was up 3%, trading at $0.75.
Finally, although these projects present exciting opportunities with strong fundamentals, it’s crucial to note that their success will largely depend on overall market sentiments.
$AVAX $SOL $MATIC #TradeNTell #Write2Earn
🔎 Market review 28.04
Most of the crypto market is trading in the green zone🔼
Bitcoin (BTC) $63,901 (+1.49%)
Ethereum (ETH) $3313 (+6.57%)
Market capitalization: $2.5 trillion (+2.65%)
BTC dominance: 54.32% (-0.25%)
Fear and Greed Index: 65 (greed)
BTC trading volume: $17.4 billion.
Total open interest: $30.8 billion.
$BTC $ETH #BTC #ETH
Most of the crypto market is trading in the green zone🔼
Bitcoin (BTC) $63,901 (+1.49%)
Ethereum (ETH) $3313 (+6.57%)
Market capitalization: $2.5 trillion (+2.65%)
BTC dominance: 54.32% (-0.25%)
Fear and Greed Index: 65 (greed)
BTC trading volume: $17.4 billion.
Total open interest: $30.8 billion.
$BTC $ETH #BTC #ETH
⚡️ What awaits us in May
April is coming to an end and now is the time to prepare for May, which will be full of a lot of events that could have an impact on the market:
✅ 01.05 - Fed meeting, Powell's speech
✅ 03.05 - Unemployment in the USA
✅ 15.05 - CPI data
✅ 22.05 - Nvidia earnings report
✅ 22.05 - STX Nakamoto
✅ 05.24 - Launch of AI coin ASI
✅ 27.05 - Solana update
📈 These events are potential catalysts for market movements in May, so save this post and be prepared for market movements in advance.
#CRYPTO #sol
April is coming to an end and now is the time to prepare for May, which will be full of a lot of events that could have an impact on the market:
✅ 01.05 - Fed meeting, Powell's speech
✅ 03.05 - Unemployment in the USA
✅ 15.05 - CPI data
✅ 22.05 - Nvidia earnings report
✅ 22.05 - STX Nakamoto
✅ 05.24 - Launch of AI coin ASI
✅ 27.05 - Solana update
📈 These events are potential catalysts for market movements in May, so save this post and be prepared for market movements in advance.
#CRYPTO #sol
⭐️ Veteran Analyst Shares 5 Altcoins He Claims Will Make 3x Against Bitcoin From Current Levels
Cryptocurrency analyst Michaël van de Poppe claimed in his statement that altcoins have now bottomed in the market and shared the tokens that he claimed could 3x against BTC.
The analyst claimed that he chose these altcoins as, in his opinion, the least risky ones. Here is the list of 4 altcoins shared by the analyst:
🔺 Optimism (OP)
🔺 Chainlink (LINK)
🔺 WOO (WOO)
🔺 Celestia (TIA)
🔺 SKALE (SKL)
However, the analyst said that he has been holding less Bitcoin than ever recently and is currently turning to the altcoin side. However, van de Poppe added that he would return to holding more Bitcoin in the future.
In addition, the analyst, who is known to be bullish on Ethereum, also made some evaluations for this altcoin. According to the analyst, the ETH price has started to move upwards again. However, the analyst said that the ETH/BTC pair reached its highest level in the last two weeks and argued that ETH showed more strength than BTC.
#Crypto $OP $LINK $TIA #op #link
Cryptocurrency analyst Michaël van de Poppe claimed in his statement that altcoins have now bottomed in the market and shared the tokens that he claimed could 3x against BTC.
The analyst claimed that he chose these altcoins as, in his opinion, the least risky ones. Here is the list of 4 altcoins shared by the analyst:
🔺 Optimism (OP)
🔺 Chainlink (LINK)
🔺 WOO (WOO)
🔺 Celestia (TIA)
🔺 SKALE (SKL)
However, the analyst said that he has been holding less Bitcoin than ever recently and is currently turning to the altcoin side. However, van de Poppe added that he would return to holding more Bitcoin in the future.
In addition, the analyst, who is known to be bullish on Ethereum, also made some evaluations for this altcoin. According to the analyst, the ETH price has started to move upwards again. However, the analyst said that the ETH/BTC pair reached its highest level in the last two weeks and argued that ETH showed more strength than BTC.
#Crypto $OP $LINK $TIA #op #link
💸 The trader made a staggering $26 million trading Memcoins on Solana.
By trading memcoins on the Solana blockchain, a trader with the domain paulo.sol made over $26 million. The trader started looking into the Bonk (BONK) memcoin rate in early November of last year and decided to invest in the asset.
A trader who participated in what is known as swing trading made over $6.28 million off of fluctuations in the token price. The trader started purchasing Dogwifhat coin (WIF) in December 2023 and Jeo Boden coin (BODEN) in March 2024.
His purchases occurred just as the value of memcoins started to skyrocket. From trading coins, paulo.sol earned $9.51 million and $7.04 million, respectively.
As per Lookonchain, the trader is still holding $7.6 million worth of BODEN and $5.7 million worth of WIF positions. Attention, experts: paulo.sol has begun purchasing additional memtokens. He became Solana’s largest PUPS holder after spending nearly $6 million on the token and $1.77 million on POPCAT.
The analysts at the company have previously highlighted the successful trading activities of traders in relation to the continuing boom of meme tokens, so this is not surprising. But there aren’t many of them; those that do either have insider knowledge or are seasoned pros.
$BONK #BONK
By trading memcoins on the Solana blockchain, a trader with the domain paulo.sol made over $26 million. The trader started looking into the Bonk (BONK) memcoin rate in early November of last year and decided to invest in the asset.
A trader who participated in what is known as swing trading made over $6.28 million off of fluctuations in the token price. The trader started purchasing Dogwifhat coin (WIF) in December 2023 and Jeo Boden coin (BODEN) in March 2024.
His purchases occurred just as the value of memcoins started to skyrocket. From trading coins, paulo.sol earned $9.51 million and $7.04 million, respectively.
As per Lookonchain, the trader is still holding $7.6 million worth of BODEN and $5.7 million worth of WIF positions. Attention, experts: paulo.sol has begun purchasing additional memtokens. He became Solana’s largest PUPS holder after spending nearly $6 million on the token and $1.77 million on POPCAT.
The analysts at the company have previously highlighted the successful trading activities of traders in relation to the continuing boom of meme tokens, so this is not surprising. But there aren’t many of them; those that do either have insider knowledge or are seasoned pros.
$BONK #BONK
🔥 3 cryptocurrencies to avoid trading in May's first week
♦️ Avoid trading Memecoin (MEME)
First, Memecoin (MEME) stands out with a staggering $144.64 million worth of 5.318 billion MEME. The team will unlock these tokens on May 3, inflating the circulating supply by 32%, which may cause a crash.
From the total, 3.45 billion MEME will be released via airdrop for an imminent sell-off of $93.92 million. According to the CoinMarketCap index, this amount is over two times Memecoin’s 24-hour volume of $40 million.
♦️ dYdX Protocol (DYDX)
The decentralized exchange protocol DYDX is again featured among cryptocurrencies to avoid trading due to its unlocks. Finbold reported a similar warning for March 31 and, previously, for February 29, with 33.34 million tokens unlocked – worth $117.33 million and $130 million, respectively.
Now, the protocol will put the same amount of DYDX in circulation on May 1, currently worth $70.33 million. Evidencing the losses accrued from previous unlocks, worth nearly 50% less than from February’s unlock.
As for the distribution, early investors will receive most of the unlocks, worth $39.01 million by press time. The team will have $21.48 million worth of DYDX to sell in the following weeks, and a reserve for future employees will take the rest, worth $9.85 million.
♦️ Optimism (OP)
Finally, Optimism (OP) has the third-largest token unlock for the first week of May. Traders should also avoid trading OP in the following days despite a proportionally lower inflation than the previous two.
The layer-2 blockchain for the Ethereum (ETH) ecosystem will unlock 24.16 million OP, worth $56.29 million. On April 29, core contributors will receive 12.75 million tokens, while investors will receive 11.41 million tokens.
Increasing a token’s supply does not guarantee that its price will fall, as demand acts as a balancing force when there is any.
However, crypto traders will try to speculate on the economic effects these unlocks may have on price.
$MEME $DYDX $OP #MEME #DYDX #OP
♦️ Avoid trading Memecoin (MEME)
First, Memecoin (MEME) stands out with a staggering $144.64 million worth of 5.318 billion MEME. The team will unlock these tokens on May 3, inflating the circulating supply by 32%, which may cause a crash.
From the total, 3.45 billion MEME will be released via airdrop for an imminent sell-off of $93.92 million. According to the CoinMarketCap index, this amount is over two times Memecoin’s 24-hour volume of $40 million.
♦️ dYdX Protocol (DYDX)
The decentralized exchange protocol DYDX is again featured among cryptocurrencies to avoid trading due to its unlocks. Finbold reported a similar warning for March 31 and, previously, for February 29, with 33.34 million tokens unlocked – worth $117.33 million and $130 million, respectively.
Now, the protocol will put the same amount of DYDX in circulation on May 1, currently worth $70.33 million. Evidencing the losses accrued from previous unlocks, worth nearly 50% less than from February’s unlock.
As for the distribution, early investors will receive most of the unlocks, worth $39.01 million by press time. The team will have $21.48 million worth of DYDX to sell in the following weeks, and a reserve for future employees will take the rest, worth $9.85 million.
♦️ Optimism (OP)
Finally, Optimism (OP) has the third-largest token unlock for the first week of May. Traders should also avoid trading OP in the following days despite a proportionally lower inflation than the previous two.
The layer-2 blockchain for the Ethereum (ETH) ecosystem will unlock 24.16 million OP, worth $56.29 million. On April 29, core contributors will receive 12.75 million tokens, while investors will receive 11.41 million tokens.
Increasing a token’s supply does not guarantee that its price will fall, as demand acts as a balancing force when there is any.
However, crypto traders will try to speculate on the economic effects these unlocks may have on price.
$MEME $DYDX $OP #MEME #DYDX #OP
⚠️ Significant Decline in Bitcoin Whale Transactions
In the world of cryptocurrency, a significant figure, Ali Martinez’s latest analysis indicates a clear decline in Bitcoin whale activities, pointing to a significant downturn in the crypto market. Martinez’s observations since March 14th detail this decline, which could potentially affect Bitcoin‘s price. It is noted that after Bitcoin reached a new peak of $73,777, there was a noticeable decrease in transactions exceeding $100,000.
🔺 Decrease in Bitcoin Whale Transactions Stands Out
Cryptocurrency analyst Ali Martinez’s analysis shows that in the last 24 hours, there were 2,896 transactions over $100,000 and 521 transactions exceeding $1 million. Before Bitcoin reached its peak, there was an increase in whale activity, with approximately 4,500 daily transactions valued at $1 million or more; and 24,500 transactions exceeding $100,000.
Martinez’s striking findings highlight the difficulty in maintaining momentum in Bitcoin’s recent price stagnation due to the lack of significant whale activity. Particularly, the decrease in whales’ participation raises questions about how large-scale investors influence market dynamics.
🔺 Differs from Previous Models
This decline in whale activity differs from previous periods where increased transaction volumes by major players typically coincided with significant price movements. Martinez’s analysis points to the possibility of a resurgence in whale transactions that could act as a catalyst for a potential rise in the Bitcoin market.
As cryptocurrency investors closely monitor Bitcoin’s movements, we are now in a period where all eyes are on whether whale activities will increase again and whether this will truly create an upward trend in the crypto market. This situation could provide important clues about the future of the cryptocurrency market.
At the time of writing, the price of the cryptocurrency Bitcoin had fallen below $63,000. The flagship of cryptocurrencies, BTC, was trading at a level of $62,934.
$BTC #BTC #bitcoin
In the world of cryptocurrency, a significant figure, Ali Martinez’s latest analysis indicates a clear decline in Bitcoin whale activities, pointing to a significant downturn in the crypto market. Martinez’s observations since March 14th detail this decline, which could potentially affect Bitcoin‘s price. It is noted that after Bitcoin reached a new peak of $73,777, there was a noticeable decrease in transactions exceeding $100,000.
🔺 Decrease in Bitcoin Whale Transactions Stands Out
Cryptocurrency analyst Ali Martinez’s analysis shows that in the last 24 hours, there were 2,896 transactions over $100,000 and 521 transactions exceeding $1 million. Before Bitcoin reached its peak, there was an increase in whale activity, with approximately 4,500 daily transactions valued at $1 million or more; and 24,500 transactions exceeding $100,000.
Martinez’s striking findings highlight the difficulty in maintaining momentum in Bitcoin’s recent price stagnation due to the lack of significant whale activity. Particularly, the decrease in whales’ participation raises questions about how large-scale investors influence market dynamics.
🔺 Differs from Previous Models
This decline in whale activity differs from previous periods where increased transaction volumes by major players typically coincided with significant price movements. Martinez’s analysis points to the possibility of a resurgence in whale transactions that could act as a catalyst for a potential rise in the Bitcoin market.
As cryptocurrency investors closely monitor Bitcoin’s movements, we are now in a period where all eyes are on whether whale activities will increase again and whether this will truly create an upward trend in the crypto market. This situation could provide important clues about the future of the cryptocurrency market.
At the time of writing, the price of the cryptocurrency Bitcoin had fallen below $63,000. The flagship of cryptocurrencies, BTC, was trading at a level of $62,934.
$BTC #BTC #bitcoin
🔥 Opportunity? Brace for XRP breakout ahead of ‘exciting changes’
After an extended period of trading in consolidation, analysts suggest that XRP appears to be poised for a breakout in the coming months if historical patterns replicate.
In particular, crypto analyst Dark Defender, through an X post on April 27, drew parallels between current market conditions and the period from 2013 to 2017. The analyst stated that XRP investors should anticipate “exciting changes” to unfold over the next three months,
The focus of the analysis is on XRP’s price movements, mainly its lows aligning with a key support line reminiscent of patterns observed during the 2013-2017 period, which preceded a significant uptrend in XRP’s value.
♦️ XRP’s 100% rally potential
Therefore, this pattern places the next price target at $1, which will reflect a breakout above the Ichimoku Clouds. Notably, the Ichimoku Cloud is a technical indicator used to assess potential future price movements and to identify key levels of support and resistance.
♦️ XRP’s path to $1
Despite ongoing consolidation below the $1 mark, investors remain concerned, especially about XRP’s blockchain activity. For example, according to a Finbold report, Ripple sold 100 million XRP tokens from this month’s sell-off reserves on April 24 for $52 million.
The sell-off marked the end of April’s token unlock and paved the way for May’s 1 billion XRP release. Notably, such token unlocks have gained a reputation for causing short-term volatility around XRP and might act as a barrier towards hitting $1.
Additionally, as investors eye the possibility of XRP reclaiming the $1 mark, the outcome of the Ripple – Securities Exchange Commission (SEC) case remains a critical factor. At the moment, the case’s focal point revolves around the potential fines sought by the SEC, with Ripple contesting a proposed $2 billion fine and advocating for a substantially lower amount of around $10 million.
Meanwhile, by press time, XRP was trading at $0.5154, reflecting a correction of approximately 1.3% in the last 24 hours.
$XRP #XRP
After an extended period of trading in consolidation, analysts suggest that XRP appears to be poised for a breakout in the coming months if historical patterns replicate.
In particular, crypto analyst Dark Defender, through an X post on April 27, drew parallels between current market conditions and the period from 2013 to 2017. The analyst stated that XRP investors should anticipate “exciting changes” to unfold over the next three months,
The focus of the analysis is on XRP’s price movements, mainly its lows aligning with a key support line reminiscent of patterns observed during the 2013-2017 period, which preceded a significant uptrend in XRP’s value.
♦️ XRP’s 100% rally potential
Therefore, this pattern places the next price target at $1, which will reflect a breakout above the Ichimoku Clouds. Notably, the Ichimoku Cloud is a technical indicator used to assess potential future price movements and to identify key levels of support and resistance.
♦️ XRP’s path to $1
Despite ongoing consolidation below the $1 mark, investors remain concerned, especially about XRP’s blockchain activity. For example, according to a Finbold report, Ripple sold 100 million XRP tokens from this month’s sell-off reserves on April 24 for $52 million.
The sell-off marked the end of April’s token unlock and paved the way for May’s 1 billion XRP release. Notably, such token unlocks have gained a reputation for causing short-term volatility around XRP and might act as a barrier towards hitting $1.
Additionally, as investors eye the possibility of XRP reclaiming the $1 mark, the outcome of the Ripple – Securities Exchange Commission (SEC) case remains a critical factor. At the moment, the case’s focal point revolves around the potential fines sought by the SEC, with Ripple contesting a proposed $2 billion fine and advocating for a substantially lower amount of around $10 million.
Meanwhile, by press time, XRP was trading at $0.5154, reflecting a correction of approximately 1.3% in the last 24 hours.
$XRP #XRP
🔥 ETH price prediction as DTCC lists finance giant's Ethereum spot ETF
The Depository Trust & Clearing Corporation (DTCC) listed Franklin Templeton’s Ethereum (ETH) spot ETF with a “yes” for create and redeem. Franklin Templeton is a traditional finance giant with $1 trillion in assets under management and a growing interest in cryptocurrencies.
As of this writing, the cryptocurrency market still awaits the Securities and Exchange Commission’s (SEC) approval of Ethereum spot ETFs. This is a similar expectation previously seen within the Bitcoin spot ETFs, feeding a bullish sentiment for the cryptocurrency.
In a hint of what is potentially to come, the renowned crypto journalist Colin Wu reported DTCC’s recent listing. Notably, the “FRANKLIN ETHEREUM TR ETHEREUM ETF” appeared with a “Y” for “Creation/Redeem,” signaling a positive outcome is imminent.
According to Wu, this is “a standard practice to prepare for the launch of new ETFs to the market and does not represent the result of the approval process.”
On the other hand, the same entity released an “important notice” to the finance market on April 26. As reported by Finbold, its subsidiary, Depository Trust Company (DTC), will no longer recognize collateral value from cryptocurrency-based ETFs and other investment vehicles.
This decision could drive institutional investors away despite Franklin Templeton’s and BlackRock’s growing interest in the tokenization of real-world assets (RWA), which theoretically benefits Ethereum and the demand for its native token, ETH.
Year-to-date, Ethereum has traded as low as $2,140 and as high as $4,091, being both considerable levels to watch for as things develop.
$ETH #ETH
The Depository Trust & Clearing Corporation (DTCC) listed Franklin Templeton’s Ethereum (ETH) spot ETF with a “yes” for create and redeem. Franklin Templeton is a traditional finance giant with $1 trillion in assets under management and a growing interest in cryptocurrencies.
As of this writing, the cryptocurrency market still awaits the Securities and Exchange Commission’s (SEC) approval of Ethereum spot ETFs. This is a similar expectation previously seen within the Bitcoin spot ETFs, feeding a bullish sentiment for the cryptocurrency.
In a hint of what is potentially to come, the renowned crypto journalist Colin Wu reported DTCC’s recent listing. Notably, the “FRANKLIN ETHEREUM TR ETHEREUM ETF” appeared with a “Y” for “Creation/Redeem,” signaling a positive outcome is imminent.
According to Wu, this is “a standard practice to prepare for the launch of new ETFs to the market and does not represent the result of the approval process.”
On the other hand, the same entity released an “important notice” to the finance market on April 26. As reported by Finbold, its subsidiary, Depository Trust Company (DTC), will no longer recognize collateral value from cryptocurrency-based ETFs and other investment vehicles.
This decision could drive institutional investors away despite Franklin Templeton’s and BlackRock’s growing interest in the tokenization of real-world assets (RWA), which theoretically benefits Ethereum and the demand for its native token, ETH.
Year-to-date, Ethereum has traded as low as $2,140 and as high as $4,091, being both considerable levels to watch for as things develop.
$ETH #ETH
💬 Here's the latest on Ripple vs SEC on April 26th
Magistrate Judge Sarah Netburn issued an order regarding Ripple's motion to dismiss one of the SEC's expert filings in support of the motion for damages.
The ongoing legal battle between the SEC and Ripple continues to receive new updates that could potentially affect its outcome.
$XRP #XRP
Magistrate Judge Sarah Netburn issued an order regarding Ripple's motion to dismiss one of the SEC's expert filings in support of the motion for damages.
The ongoing legal battle between the SEC and Ripple continues to receive new updates that could potentially affect its outcome.
$XRP #XRP
⚠️ 2 cryptocurrencies to watch closely next week !
The cryptocurrency market faces bearish pressure, led by Bitcoin (BTC), struggling to maintain its position above the $60,000 mark. This market movement is widely interpreted as part of Bitcoin’s historical post-halving retracement pattern, wherein the sector experiences a dip before rallying.
▫️ Ethena (ENA)
Ethena (ENA), a synthetic dollar protocol, has garnered significant attention in the crypto market since its inception, having been backed by prominent industry figures like BitMEX founder Arthur Hayes. The focus in the coming week is on ENA, with the potential for volatility due to planned token unlocks.
Specifically, Ethena will unlock 53.60 ENA tokens with a valuation of around $46 million, representing 3.76% of the circulating supply. It will be intriguing to observe how the token reacts, particularly amidst speculation about its potential resemblance to troubled projects like Terra.
▫️ Tron (TRX)
In the short term, Tron (TRX) is one of the cryptocurrencies experiencing modest gains in the green zone. This coincides with the Tron blockchain’s positive growth across various metrics in the first three months of 2024.
For example, the circulation of USD Tether (USDT) on Tron surpassed $50 billion in Q1. This milestone holds significance for market participants as the flow of stablecoins typically serves as a gateway for fiat onramps, with the potential to influence the price in the long term.
Notably, an upward trend in stablecoin flow suggests increasing demand for assets and a surge in capital inflow from fiat to crypto via stablecoin channels. Additionally, Tron is currently leading in active stablecoin addresses, further underlining its prominence in this segment.
Given the prevailing conditions of the crypto market, it’s important to note that the mentioned fundamentals may not necessarily dictate the fate of the highlighted cryptocurrencies, as they could be susceptible to broader market sentiments.
$ENA #TRX #TRX #ENA
The cryptocurrency market faces bearish pressure, led by Bitcoin (BTC), struggling to maintain its position above the $60,000 mark. This market movement is widely interpreted as part of Bitcoin’s historical post-halving retracement pattern, wherein the sector experiences a dip before rallying.
▫️ Ethena (ENA)
Ethena (ENA), a synthetic dollar protocol, has garnered significant attention in the crypto market since its inception, having been backed by prominent industry figures like BitMEX founder Arthur Hayes. The focus in the coming week is on ENA, with the potential for volatility due to planned token unlocks.
Specifically, Ethena will unlock 53.60 ENA tokens with a valuation of around $46 million, representing 3.76% of the circulating supply. It will be intriguing to observe how the token reacts, particularly amidst speculation about its potential resemblance to troubled projects like Terra.
▫️ Tron (TRX)
In the short term, Tron (TRX) is one of the cryptocurrencies experiencing modest gains in the green zone. This coincides with the Tron blockchain’s positive growth across various metrics in the first three months of 2024.
For example, the circulation of USD Tether (USDT) on Tron surpassed $50 billion in Q1. This milestone holds significance for market participants as the flow of stablecoins typically serves as a gateway for fiat onramps, with the potential to influence the price in the long term.
Notably, an upward trend in stablecoin flow suggests increasing demand for assets and a surge in capital inflow from fiat to crypto via stablecoin channels. Additionally, Tron is currently leading in active stablecoin addresses, further underlining its prominence in this segment.
Given the prevailing conditions of the crypto market, it’s important to note that the mentioned fundamentals may not necessarily dictate the fate of the highlighted cryptocurrencies, as they could be susceptible to broader market sentiments.
$ENA #TRX #TRX #ENA
🔥 We Asked ChatGPT Which Will be the Next Meme Coin to Hit $10B Market Cap !
▫️ The meme coin sector has experienced significant growth, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading, while newer tokens like dogwifhat (WIF) and Pepe (PEPE) gain traction through strong community support.
▫️ Analysts remain optimistic about the realm’s potential, particularly post-Bitcoin halving, which has historically triggered market surges.
🔺 Which Meme Coin May Join the Prestigious Club?
The meme coin sector has been making great strides during the latest bull cycle, with its market capitalization briefly surpassing $60 billion. The progress is thanks to popular assets such as Dogecoin (DOGE) and Shiba Inu (SHIB), which remain quite trending among investors, as well as new sensations, including dogwifhat (WIF), Bonk Inu (BONK), Pepe (PEPE), and others.
Currently, DOGE and SHIB account for over 60% of the cohort’s market capitalization, and they are the only meme coins to have ever crossed the $10 billion mark. As such, we decided to ask ChatGPT whether another asset of that type can reach the milestone.
The AI-powered chatbot estimated that success on the front can be fueled by strong community support, viral social media presence, and increased investor interest. WIF and PEPE are some of the meme coins that have gained a solid supporter base.
The dogwifhat community recently raised $650,000 to put the token’s logo on the Sphere – a famous entertainment arena in Las Vegas, Nevada. In addition, the token received backing from prominent industry participants, such as Arthur Hayes.
However, a study conducted a few months ago estimated that Shiba Inu is the meme coin with the strongest community base, while DOGE and PEPE round up the top 3 list.
The frog-themed digital asset currently has a market cap of over $3 billion, making it the biggest contender of the leading ones.
$SHIB $DOGE $PEPE #WIF #DOGE #SHIB #PEPE
▫️ The meme coin sector has experienced significant growth, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading, while newer tokens like dogwifhat (WIF) and Pepe (PEPE) gain traction through strong community support.
▫️ Analysts remain optimistic about the realm’s potential, particularly post-Bitcoin halving, which has historically triggered market surges.
🔺 Which Meme Coin May Join the Prestigious Club?
The meme coin sector has been making great strides during the latest bull cycle, with its market capitalization briefly surpassing $60 billion. The progress is thanks to popular assets such as Dogecoin (DOGE) and Shiba Inu (SHIB), which remain quite trending among investors, as well as new sensations, including dogwifhat (WIF), Bonk Inu (BONK), Pepe (PEPE), and others.
Currently, DOGE and SHIB account for over 60% of the cohort’s market capitalization, and they are the only meme coins to have ever crossed the $10 billion mark. As such, we decided to ask ChatGPT whether another asset of that type can reach the milestone.
The AI-powered chatbot estimated that success on the front can be fueled by strong community support, viral social media presence, and increased investor interest. WIF and PEPE are some of the meme coins that have gained a solid supporter base.
The dogwifhat community recently raised $650,000 to put the token’s logo on the Sphere – a famous entertainment arena in Las Vegas, Nevada. In addition, the token received backing from prominent industry participants, such as Arthur Hayes.
However, a study conducted a few months ago estimated that Shiba Inu is the meme coin with the strongest community base, while DOGE and PEPE round up the top 3 list.
The frog-themed digital asset currently has a market cap of over $3 billion, making it the biggest contender of the leading ones.
$SHIB $DOGE $PEPE #WIF #DOGE #SHIB #PEPE
♦️ Solana's (SOL) Price Dips Amidst Exchange Transfer: What's Next?
▫️ A transfer of 179,999 Solana valued at $26.14M, pushed the token’s price below $140.
▫️ Solana’s price has dropped by 5% in the last day and 27% over the past month.
Today, the cryptocurrency market witnessed a mixed performance with a negative bias, particularly impacting Solana (SOL), a token known for its remarkable transaction speeds and scalability.
Despite its advantageous features, Solana experienced a challenging period, reflected in a 5% decrease in its price over the past day and a 27% decline over the past month. This dip in value is concerning, especially considering Solana’s ability to handle thousands of transactions per second, making it an attractive choice for users and developers seeking efficiency and cost-effectiveness.
🔺 Solana (SOL) Entering the Bearish Zone?
One notable event contributing to Solana’s recent price movement was a significant transaction wherein a whale transferred 179,999 Solana tokens to the crypto exchange Binance. Following this transaction, the token’s price swiftly dropped below the $140 mark, signaling market volatility triggered by large-scale movements.
This transfer, valued at $26.14 million at the time, underscores the impact of such transactions on the token’s market value. Solana has faced selling pressure in the past due to similar transfers to exchanges, suggesting a vulnerability to further price slides if such activity persists.
However, a decrease in these transactions could potentially stabilize Solana’s value and even pave the way for a rebound. Currently, SOL is trading at $136.44 with a market cap of $61 billion. Additionally, Solana’s daily trading volume has declined by over 24% in the last 24 hours, reaching $2 billion.
If Solana continues its downtrend, it may find support levels at $130, $128, and $125, potentially leading to a new bearish phase with tentative support at $120. Conversely, if Solana breaks through the $140 zone, it could encounter a new resistance level at $143.
$SOL #SOL #Solana
▫️ A transfer of 179,999 Solana valued at $26.14M, pushed the token’s price below $140.
▫️ Solana’s price has dropped by 5% in the last day and 27% over the past month.
Today, the cryptocurrency market witnessed a mixed performance with a negative bias, particularly impacting Solana (SOL), a token known for its remarkable transaction speeds and scalability.
Despite its advantageous features, Solana experienced a challenging period, reflected in a 5% decrease in its price over the past day and a 27% decline over the past month. This dip in value is concerning, especially considering Solana’s ability to handle thousands of transactions per second, making it an attractive choice for users and developers seeking efficiency and cost-effectiveness.
🔺 Solana (SOL) Entering the Bearish Zone?
One notable event contributing to Solana’s recent price movement was a significant transaction wherein a whale transferred 179,999 Solana tokens to the crypto exchange Binance. Following this transaction, the token’s price swiftly dropped below the $140 mark, signaling market volatility triggered by large-scale movements.
This transfer, valued at $26.14 million at the time, underscores the impact of such transactions on the token’s market value. Solana has faced selling pressure in the past due to similar transfers to exchanges, suggesting a vulnerability to further price slides if such activity persists.
However, a decrease in these transactions could potentially stabilize Solana’s value and even pave the way for a rebound. Currently, SOL is trading at $136.44 with a market cap of $61 billion. Additionally, Solana’s daily trading volume has declined by over 24% in the last 24 hours, reaching $2 billion.
If Solana continues its downtrend, it may find support levels at $130, $128, and $125, potentially leading to a new bearish phase with tentative support at $120. Conversely, if Solana breaks through the $140 zone, it could encounter a new resistance level at $143.
$SOL #SOL #Solana
👀 What's Happening in the Market?
At the end of the working week BTC fell below $65 thousand and now he’s trying to hold on $63 thousand. This movement of BTC is associated with the outflow of capital from ETF, which yesterday amounted to $83.6 million
🏛 Meanwhile, a new banking crisis began in the United States, as Republic First Bank, with $6 billion in assets, officially went bankrupt, marking the first failure of 2024.
🇯🇵 Amid the market decline, the Japanese public company Metaplanet bought Bitcoin at the amount of $6.25 million.
📉 April is coming to an end and according to current data, BTC has fallen by 11.6%, ending the streak of 7 positive months in a row.
$BTC $ETH #BTC #ETH
At the end of the working week BTC fell below $65 thousand and now he’s trying to hold on $63 thousand. This movement of BTC is associated with the outflow of capital from ETF, which yesterday amounted to $83.6 million
🏛 Meanwhile, a new banking crisis began in the United States, as Republic First Bank, with $6 billion in assets, officially went bankrupt, marking the first failure of 2024.
🇯🇵 Amid the market decline, the Japanese public company Metaplanet bought Bitcoin at the amount of $6.25 million.
📉 April is coming to an end and according to current data, BTC has fallen by 11.6%, ending the streak of 7 positive months in a row.
$BTC $ETH #BTC #ETH
Coin : BTC / USDT - SHORT SIGNAL
Time Interval: 1h 🕗
Price : $63034
-------------
Based on the technical indicators for BTCUSDT on the 1-hour timeframe, I recommend selling. The price is currently below the key SMAs and EMAs, indicating a bearish trend. Additionally, the RSI is at a low level, suggesting a potential further downward movement.
🟢 Take Profit: $62000
🔴 Stop Loss: $63500
$BTC #BTC #bitcoin
Time Interval: 1h 🕗
Price : $63034
-------------
Based on the technical indicators for BTCUSDT on the 1-hour timeframe, I recommend selling. The price is currently below the key SMAs and EMAs, indicating a bearish trend. Additionally, the RSI is at a low level, suggesting a potential further downward movement.
🟢 Take Profit: $62000
🔴 Stop Loss: $63500
$BTC #BTC #bitcoin
🔶 BNB chain sees success with revenue up by 70%, MVP is one of the superstars
🔸 BNB or the Binance Smart Chain had started the year under regulatory scrutiny but yet experienced growth in the quarter one of 2024 with a significant 70% rise in revenue reaching $66.8 million. Even though there was a 9% decline in daily transactions compared to Q4 of 2023, the number of average daily active addresses saw a notable 26% rise, from 1.0 million to 1.3 million. Despite these obstacles, BNB continues to exhibit growth and surpass any quarter in 2023. This increase can be attributed to the appreciation of BNBs value but a huge factor seems to be tokens that BNB onboarded this year, one of the tokens being MVP or MAGA VP.
🔸 Introduced in February of this year, MVP token with anticipation surrounding the selection of the next Vice President candidate on the Republican side. Despite being part of the “PolitiFi narrative” of meme tokens, MVP has garnered significant support from the majority of crypto investors and traders. MVP’s market capitalization of nearly $7 million , this meme token is looking to secure a spot within the top 100 cryptocurrencies.
🔸 The progress made by this token in just two months is truly remarkable and is soon to be reaching $10, says many crypto analysts. MVP has an average of +9.34% in trading volume every 24 hours. The token holds itself at $0.145899 USD, higher than the price of Hedera (HBAR) now which holds at $0.114, later being part of the trending tokens on Coinmarketcap. Needless to say, MVPs partner and the other famous Trump token STRUMP or Super Trump is leading way above HBAR.
🔸 In early April, BNB called on developers of memecoins by creating an opportunity to participate in the chain’s 1 Million reward under the ‘meme innovation campaign’ as Binance has been handing support to meme tokens for a while now. Meme tokens already have a 2.27% sector dominance on the BNB chain, only making MVPs position further solid for a home run. The token functions on Ethereum, Solana and BASE.
$BNB #BNB #BNBChainSunset
🔸 BNB or the Binance Smart Chain had started the year under regulatory scrutiny but yet experienced growth in the quarter one of 2024 with a significant 70% rise in revenue reaching $66.8 million. Even though there was a 9% decline in daily transactions compared to Q4 of 2023, the number of average daily active addresses saw a notable 26% rise, from 1.0 million to 1.3 million. Despite these obstacles, BNB continues to exhibit growth and surpass any quarter in 2023. This increase can be attributed to the appreciation of BNBs value but a huge factor seems to be tokens that BNB onboarded this year, one of the tokens being MVP or MAGA VP.
🔸 Introduced in February of this year, MVP token with anticipation surrounding the selection of the next Vice President candidate on the Republican side. Despite being part of the “PolitiFi narrative” of meme tokens, MVP has garnered significant support from the majority of crypto investors and traders. MVP’s market capitalization of nearly $7 million , this meme token is looking to secure a spot within the top 100 cryptocurrencies.
🔸 The progress made by this token in just two months is truly remarkable and is soon to be reaching $10, says many crypto analysts. MVP has an average of +9.34% in trading volume every 24 hours. The token holds itself at $0.145899 USD, higher than the price of Hedera (HBAR) now which holds at $0.114, later being part of the trending tokens on Coinmarketcap. Needless to say, MVPs partner and the other famous Trump token STRUMP or Super Trump is leading way above HBAR.
🔸 In early April, BNB called on developers of memecoins by creating an opportunity to participate in the chain’s 1 Million reward under the ‘meme innovation campaign’ as Binance has been handing support to meme tokens for a while now. Meme tokens already have a 2.27% sector dominance on the BNB chain, only making MVPs position further solid for a home run. The token functions on Ethereum, Solana and BASE.
$BNB #BNB #BNBChainSunset
🔎 What to do now?
Friends, I decided not to bother you with complicated terms today, but just to give you my tips that will be valuable for you. But you will realize their value only after some time, when you will be able to earn on them.
1️⃣ Do not be afraid to buy assets (tokens) you are interested in, which a few weeks ago cost x2 of the current prices. You were willing to buy them at the time, so why are you afraid now?
2️⃣ Try to pay more attention to long-term ideas. For now, it is better to pass by different speculative stories.
3️⃣ If you are in retrodrops, do activity and spin volumes on different networks while gas commissions are low....
4️⃣ Participate in ideas where you won't get results for 2-3 months at the earliest.
5️⃣ Learn what you haven't had time to do before then. Get your workflow in order.
#CRYPTO #Memecoins
Friends, I decided not to bother you with complicated terms today, but just to give you my tips that will be valuable for you. But you will realize their value only after some time, when you will be able to earn on them.
1️⃣ Do not be afraid to buy assets (tokens) you are interested in, which a few weeks ago cost x2 of the current prices. You were willing to buy them at the time, so why are you afraid now?
2️⃣ Try to pay more attention to long-term ideas. For now, it is better to pass by different speculative stories.
3️⃣ If you are in retrodrops, do activity and spin volumes on different networks while gas commissions are low....
4️⃣ Participate in ideas where you won't get results for 2-3 months at the earliest.
5️⃣ Learn what you haven't had time to do before then. Get your workflow in order.
#CRYPTO #Memecoins
Apple Reportedly in Talks to Deal with This Altcoin-Linked Company
Apple is reportedly in talks again with OpenAI, one of the leading artificial intelligence startups, about integrating its technology into new features of the iPhone. These features are expected to be part of the next iPhone operating system, iOS 18, which will be released later this year.
🔺 OpenAI CEO Sam Altman has an altcoin project called Worldcoin (WLD).
Talks between the two tech giants have centered around the terms of a potential deal and the details of how OpenAI's features will be included in iOS 18. Sources, who requested anonymity due to the private nature of the talks, stated that this indicates that the dialogue between Apple and OpenAI has restarted. Earlier this year, the companies were in preliminary talks about a deal, but little progress has been made since then.
In addition to OpenAI, Apple is also reportedly in talks with Alphabet's Google about licensing Gemini chatbot technology. However, Apple has not yet made a final decision on which partners it will collaborate with for upcoming artificial intelligence features. It remains possible that Apple will reach an agreement with both OpenAI and Google, or choose a different provider entirely.
Apple CEO Tim Cook stated that he personally used OpenAI's ChatGPT last year, but also stated that there were “a number of problems that need to be solved.” He had assured that new AI features would be introduced to Apple's platforms “very carefully.”
#Apple #WLD $WLD
Apple is reportedly in talks again with OpenAI, one of the leading artificial intelligence startups, about integrating its technology into new features of the iPhone. These features are expected to be part of the next iPhone operating system, iOS 18, which will be released later this year.
🔺 OpenAI CEO Sam Altman has an altcoin project called Worldcoin (WLD).
Talks between the two tech giants have centered around the terms of a potential deal and the details of how OpenAI's features will be included in iOS 18. Sources, who requested anonymity due to the private nature of the talks, stated that this indicates that the dialogue between Apple and OpenAI has restarted. Earlier this year, the companies were in preliminary talks about a deal, but little progress has been made since then.
In addition to OpenAI, Apple is also reportedly in talks with Alphabet's Google about licensing Gemini chatbot technology. However, Apple has not yet made a final decision on which partners it will collaborate with for upcoming artificial intelligence features. It remains possible that Apple will reach an agreement with both OpenAI and Google, or choose a different provider entirely.
Apple CEO Tim Cook stated that he personally used OpenAI's ChatGPT last year, but also stated that there were “a number of problems that need to be solved.” He had assured that new AI features would be introduced to Apple's platforms “very carefully.”
#Apple #WLD $WLD
Can BONK Crypto Continue Advancing Upwards & Reach Upper Level?
The BONK Crypto experienced a bullish trend from February 2024, rising from the support level of $0.00001000 to a high of $0.00004751 by the first week of March 2024, closing at $0.00003800.
However, from the second week of March 2024, the BONK price plummeted and ended up in a downward wedge, violating the earlier uptrend.
Despite this, the BONK crypto has shown signs of recovery as the price rebounded from a significant support level of around $0.00001350 on the chart. The breakout of the falling wedge pattern suggests that BONK crypto may continue its upward trend and reach new peaks at its current price level.
The BONK asset appears to be continuing its spectacular rise and displaying bullish strength as it remains above the major 20-day and 50-day EMA bands. The MACD also indicates a strong bullish crossover, with a histogram at 0.00000138, the MACD line at 0.00000053, and the signal line at -0.00000085. Additionally, the RSI is moving higher, which indicates that the BONK crypto asset is not in the overbought zone yet and can maintain its upward direction.
Overall chart analysis shows that the BONK crypto asset exhibits bullish characteristics and may reach higher levels by continuing its ongoing breakout on the daily chart. It also displayed exemplary performance in the previous week, with a 75.42% increase, indicating strong upward momentum and the potential to retest the supply level at $0.00004000.
As of press time, the BONK crypto is trading at $0.00002720, with an intraday gain of 2.35%, a 24-hour trading volume of 652.97 million, and a market capitalization of 1.68 Billion. If the price continues to attract more buying interest, it could achieve higher targets at $0.00003000 and $0.00003500. However, if the price fails to sustain support at $0.00002400, price gains may decline and hit lower support levels.
BONK Crypto Exhibits Growth In Social Activity
Based on various social metrics such as Twitter (X) BONK news, Twitter (X) followers, and social volume (including active users of Telegram and Twitter), there is evidence of a positive trend in the social dominance of BONK. Additionally, there has been an increase in active users and Twitter chatter, which indicates a growing interest in BONK. These metrics suggest that BONK is gaining popularity.
BONK Crypto Price Vs. Volume Analysis
Moreover, the volume analysis shows that the BONK cryptocurrency has received $710.10 Million in volume, which is 41.17% more than the previous day. The price vs. Volume charts describe a surge in BONK volume and the price rise, suggesting continuing the ongoing trend.
Summary
BONK Crypto saw a bullish trend from Feb 2024, reaching $0.00003800 in March. Despite a subsequent drop, it rebounded from $0.00001350 support. The breakout of a falling wedge pattern indicates a potential upward trend. BONK’s strong performance led to a 75.42% increase in the previous week. Currently priced at $0.00002720, it may hit $0.00003000 and $0.00003500 with increased buying interest. Social metrics and volume analysis show BONK’s growing popularity and positive trend.
$BONK #BONK #meme
However, from the second week of March 2024, the BONK price plummeted and ended up in a downward wedge, violating the earlier uptrend.
Despite this, the BONK crypto has shown signs of recovery as the price rebounded from a significant support level of around $0.00001350 on the chart. The breakout of the falling wedge pattern suggests that BONK crypto may continue its upward trend and reach new peaks at its current price level.
The BONK asset appears to be continuing its spectacular rise and displaying bullish strength as it remains above the major 20-day and 50-day EMA bands. The MACD also indicates a strong bullish crossover, with a histogram at 0.00000138, the MACD line at 0.00000053, and the signal line at -0.00000085. Additionally, the RSI is moving higher, which indicates that the BONK crypto asset is not in the overbought zone yet and can maintain its upward direction.
Overall chart analysis shows that the BONK crypto asset exhibits bullish characteristics and may reach higher levels by continuing its ongoing breakout on the daily chart. It also displayed exemplary performance in the previous week, with a 75.42% increase, indicating strong upward momentum and the potential to retest the supply level at $0.00004000.
As of press time, the BONK crypto is trading at $0.00002720, with an intraday gain of 2.35%, a 24-hour trading volume of 652.97 million, and a market capitalization of 1.68 Billion. If the price continues to attract more buying interest, it could achieve higher targets at $0.00003000 and $0.00003500. However, if the price fails to sustain support at $0.00002400, price gains may decline and hit lower support levels.
BONK Crypto Exhibits Growth In Social Activity
Based on various social metrics such as Twitter (X) BONK news, Twitter (X) followers, and social volume (including active users of Telegram and Twitter), there is evidence of a positive trend in the social dominance of BONK. Additionally, there has been an increase in active users and Twitter chatter, which indicates a growing interest in BONK. These metrics suggest that BONK is gaining popularity.
BONK Crypto Price Vs. Volume Analysis
Moreover, the volume analysis shows that the BONK cryptocurrency has received $710.10 Million in volume, which is 41.17% more than the previous day. The price vs. Volume charts describe a surge in BONK volume and the price rise, suggesting continuing the ongoing trend.
Summary
BONK Crypto saw a bullish trend from Feb 2024, reaching $0.00003800 in March. Despite a subsequent drop, it rebounded from $0.00001350 support. The breakout of a falling wedge pattern indicates a potential upward trend. BONK’s strong performance led to a 75.42% increase in the previous week. Currently priced at $0.00002720, it may hit $0.00003000 and $0.00003500 with increased buying interest. Social metrics and volume analysis show BONK’s growing popularity and positive trend.
$BONK #BONK #meme
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