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Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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Thorchain (RUNE) Price Jumps 10% Defying Broader Market Slump, Here’s Why ! #SHIB #altcoins #BlackRock #CryptoWatchMay2024 #BTC RUNE, the native cryptocurrency of the decentralized liquidity protocol THORChain, surged by 10% in the last 24 hour moving against the broader market tide. As of press time, the THORchain (RUNE) price is trading at $5.92 with a market cap of just under $2 billion. Also, the daily trading volumes for RUNE have surged by a staggering 100% all the way to over $600 million.Will ThorChain (RUNE) Price Rally Continue?Over the last week, the THORchain (RUNE) price has surged by 21% despite the crypto market volatility. When the Bitcoin price surged to its all-time high of $74,000 in March, the RUNE price surged all the way to $10.3 back then.Following a rejection above its resistance level of $9.950, the bulls lost momentum, leading to a correction of 30.97% in THORChain’s portfolio. Subsequently, the RUNE token traded sideways for a period. However, increasing volatility hindered the bulls from maintaining support above $7.335. Consequently, the altcoin experienced a 35.37% decline in valuation. Currently, the price fluctuates between $4.740 and $6.130, with an uncertain outlook as it approaches its resistance level. Additionally, the EMA 50-day serves as resistance, indicating a prevailing bearish sentiment. Should the market propel the RUNE price above $6.130, bullish momentum may persist, targeting the upper resistance level of $7.335. Sustaining this level could pave the way for testing the higher high of $8.725.Conversely, a reversal in the bearish trend could lead to a loss of momentum, potentially driving the RUNE token towards its crucial support at $4.740 in the near future.Future Projections By CEO.In a thread, THORChain’s CEO emphasized the importance of providing a secure and yielding environment for assets to enhance Total Value Locked (TVL). Addressing user experience (UX) issues related to liquidity provision was also highlighted as a priority.
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Shiba Inu Coin: Burn Rate Soars 200% Amid SHIB Price Flux, What’s Next ? #SHIB #altcoins #BlackRock #CryptoWatchMay2024 #BTC Shiba Inu, the meme crypto positioned as the self-proclaimed Dogecoin killer, has once again stirred up a storm of speculation among crypto market traders and investors globally. Today, May 9, the crypto has recorded a significant 200% surge in its burn rate, a development that has coincided with a highly volatile price action experienced by SHIB in the past 24 hours.These current market statistics have not only set the crypto space abuzz but also sparked discussions among the global crypto community over SHIB’s future price movements. Burn Rate Surge Ignites Hope For Shiba Inu Notably, insights streamlined by the meme coin’s burn tracker Shibbrun reveal that the burn rate surged 210.27% in the past 24 hours. Further, incinerating 24.63 million tokens from Shiba Inu’s supply, this surge in the burn rate rides usual market sentiments of optimism.Meanwhile, upon deeper investigation, it was found that a massive dead wallet transaction primarily sparked the burn upswing. Shibburn’s data shows moved 24.17 million SHIB to a null address. This transaction has garnered significant attention, as data by Nansen further illustrated that the crypto holdings on this address totaled a whopping $287.57 million. At press time, the wallet’s SHIB holdings totaled 162.25 billion SHIB. This data, collectively, has set off ripples of speculation across the broader crypto market.Whereas, while writing, SHIB’s price tumbled 0.62% in the past 24 hours and is currently trading at $0.00002254. With the token’s 24-hour lows and highs being $0.00002236 and $0.00002318, respectively, SHIB’s price trajectory illustrates a highly volatile movement.Coinglass data illustrated a slight 0.28% decrease in the token’s open interest, reaching $57.84 million, whereas volume sprung 2.31% to $113.34 million. This could further be driving SHIB’s turbulency as the derivatives market witnesses increased trading activity.
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FLOKI Price Jumps As Whale Buys 19 Bln Coins, Rally To Continue ? #SHIB #altcoins #BlackRock #CryptoWatchMay2024 #BTC The soaring price of the leading meme coin, FLOKI, has caught the attention of market participants today, with a remarkable surge of over 2%. Besides, this surge is particularly noteworthy as it occurs amid a bearish sentiment noted in the broader crypto market, sparking discussions among investors about the driving forces behind FLOKI’s sudden rally. In addition, the meme coin sector has also retreated reflecting the broader market trend. In a surprising turn of events, a whale identified by the wallet address “0x864….9e814” has made significant moves in the FLOKI market, accumulating a staggering 19 billion coins. This acquisition, detected by the renowned on-chain transaction tracker Scopescan, has sent shockwaves through the crypto community, driving up FLOKI’s price amid a bearish market sentiment Meanwhile, the FLOKI whale’s strategic accumulation involved withdrawals totaling 18.76 billion coins, valued at approximately $3.28 million, from three prominent crypto exchanges– KuCoin, OKX, and Gate.io. Notably, this substantial movement of coins has fueled speculation about the whale’s intentions and the potential implications for FLOKI’s future price trajectory. In addition, the data provided by Scopescan showed that the withdrawal versus deposit ratio for FLOKI over the past 24 hours stands at 86% and 14%, respectively. This imbalance suggests a significant outflow of the meme coin from exchanges, indicating a strong bullish sentiment among holders and potentially contributing to the coin’s price surge Questions loom over the sustainability of FLOKI’s rally in the face of broader cryptocurrency market dynamics and the whale’s actions. While the whale’s accumulation initially propelled the coin’s price upward, concerns arise about potential sell-offs and their impact on FLOKI’s stability moving forward. However, considering the deposit vs withdrawal ratio, it indicates a bullish sentiment in the broader market
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Ethena Token Jumps 18% This Week! Can ENA Price Reclaim $1? #altcoins #BlackRock #CryptoWatchMay2024 #BTC #bitcoinhalving The crypto industry continues to display mixed price action amid an increase in the price volatility in the market. Furthermore, the leader of altcoins, Ethereum price, continues its struggle to hold the price above the $3,000 mark, indicating a strong bearish sentiment in the crypto space. On the other hand, the Ethena price has recorded a jump of 2.87% with a 24-hour trading volume of $625.44 Million, a jump of 44.31%. Moreover, it has added 15.18% within the past seven days, indicating a rising bullish sentiment for this altcoin in the crypto industry. ENA Price Fails To Breach Its Important Resistance Level: The Ethena token gained significant attention from the crypto space following its launch, resulting in this altcoin surging over 188% within the next few days. After recording an ATH of $1.523, the ENA price displayed a neutral trend for the next few days.As the volatility in the market grew, the bulls lost momentum and recorded a correction of 47.47% in valuation. Since then, the price has been trading in a closed range between $0.750 and $0.975, indicating a weak buying and selling pressure for the altcoin in the crypto space. The Moving Average Convergence Divergence (MACD) displays a constant decline in the green histogram, indicating an increase in the selling pressure within the crypto space. Furthermore, the averages show a high possibility of a bearish convergence, suggesting a negative outlook for the altcoin this week. Will Ethena Price Go Up? If the market pushes the price above its important resistance level at $0.975, the bulls will regain momentum and test its upper resistance level of $1.175. If the market holds the price at that level, it will set the stage for the ENA token to attempt to test its upper high of $1.375 in the coming time. However, if the bulls fail to regain momentum, the Ethena price will continue trading under a bearish sentiment and plunge to test its crucial support level of $0.750 this month.
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Bonk and Floki Set to Explode as New Meme Coin Player Rally in Presale !! #altcoins #CryptoWatchMay2024 #BTC #bitcoinhalving #Memecoins The meme coin space has battled the bear trend in recent weeks as the crypto market witnessed retracement. Even at that, some top meme coins have shown resilience, pushing above key support zones while showing signs of a massive rally. Bonk (BONK) and Floki (FLOKI) are some of the popular meme coins that have shown significant bullish sentiment with analysts projecting a 20x rally soon. Floki (FLOKI) Poised for a Massive Rally in May Floki (FLOKI) is one of the meme coin titans that has dominated the market. Floki Inu offers holders various reward incentives, which vary. Also, with the hyperinflationary feature of the FLOK token, its circulating supply is monitored.The Floki market cap is now closer to $2B, and the daily trading volume is also impressive. The Floki price has witnessed massive growth in the past few weeks, with over 300% growth in the past 90 days. Popular crypto analysts such as Mr Rye are advising users to buy the Floki token before it explodes. At the current trajectory, the Floki price might reach $0.00050 in May. Bonk (BONK) Shows Bullish Sentiments Amidst Market Dip Bonk is a unique dog-themed meme coin that is based on the Solana blockchain. Bonk uses the proof-of-stake and history protocol for all its operations. Bonk’s excellent burning mechanism has kept the price stable. Also, Bonk has unique accessibility and growth potential based on its integration with many platforms.In the past year, Bonk’s price has surged by over 6000%. The Bonk market sentiment has also remained bullish for months, with the coin price experiencing massive growth in the past month. The majority of the Bonk price predictions point towards a rally. As such, Bonk might hit its ATH record of $0.000047 or surpass it in May.
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