Recent chart analysis at the Frankfurt Stock Exchange in Germany suggests that XRP could potentially surge by over 2,000% this year to reach $10. Oliver Michel, CEO of Tokentus Investment AG, conducted this analysis during an interview with a Der Aktionär reporter. The focus was on XRP’s expected performance in 2024 and the reasons for investor optimism.
During the interview, the correspondent noted a significant contrast in the charts of Ethereum and Solana compared to XRP. While Ethereum and Solana showed upward trends, XRP’s chart displayed declining candles. Michel clarified that the XRP chart was viewed on a monthly scale, spanning from 2014 to June 2024. He acknowledged that XRP had shown minimal movement over the past year, trading between $0.50 and $0.52.
XRP’s Growth Potential: Frankfurt Stock Exchange Analysis
Oliver Michel, CEO of Tokentus Investment AG, highlighted XRP’s historical performance during a recent interview at the Frankfurt Stock Exchange. He pointed out that from 2014 to early 2017, XRP formed a wedge pattern that resulted in an initial breakout, leading to a remarkable 4,300% increase. Starting as low as $0.006 in January 2017, XRP surged to $0.2522 by December of that year, marking a 40-fold rise.
Michel further noted that after moving sideways briefly, XRP completed its breakout rally, reaching an all-time high of $3.84. He estimated that XRP’s trajectory from its lowest prices before the ATH represented an astonishing 39,700% increase.
The CEO attributed widespread optimism in XRP to its historical performance, with the community hoping for similar impressive growth amid its current underperformance. Michel highlighted the formation of a bullish wedge pattern over the years, suggesting that pressure is mounting for an anticipated upward breakout. “Everyone is anticipating an upward breakout soon,” he remarked.
Analyst’s Optimistic Outlook for XRP’s Price Growth
Oliver Michel, CEO of Tokentus Investment AG, expressed optimism about XRP’s potential for significant price growth during a discussion at the Frankfurt Stock Exchange. He mentioned that while a repeat of the 40-fold increase seen in previous years isn’t necessary, he would be content with a 20-fold gain, aiming for XRP to reach price levels of $8, $9, or $10 this year.
“That would be quite nice. It’s something to hope and wait for, and that’s what I’m doing,” Michel remarked.
The bullish analysis presented by Michel was highlighted by XRP DROPZ, a prominent community-based account focused on XRP-related news and developments.
Michel, known for his bullish stance on XRP, has publicly disclosed his investment in the asset. In a previous analysis, he confidently suggested that XRP has the potential to become a world reserve currency.
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#XRP #Ripple

The Terra network and its leader, Do Kwon, once reached the top of the crypto world but collapsed within days in May 2022, wiping out the savings of many everyday investors. In February 2023, the U.S. Securities and Exchange Commission (SEC) sued Kwon and his company, Terraform Labs, for selling unregistered securities and defrauding investors during Terra’s dramatic collapse.
Recently, Kwon and Terraform settled their SEC civil fraud case, agreeing to pay $4.5 billion in penalties and disgorgement. The settlement, approved by District Court Judge Jed Rakoff of the Southern District of New York on June 13, requires Terraform Labs to cease operations immediately and seek approval for a Chapter 11 liquidation plan in its bankruptcy case.
Terraform Labs Winds Down Operations Amid Legal Defeat
Terraform Labs’s current CEO, Chris Amani, asked the community on Wednesday to take over the reins of the Terra network as the company winds down. “[Terraform Labs] always intended to dissolve at some point, and that point is now,” Amani said on X (formerly known as Twitter). “We will be winding down operations completely.”
The SEC scored a major victory against Kwon and Terraform Labs two months ago when a jury found the company and its founder had conducted securities fraud through misrepresentations regarding Terra’s success and UST/LUNA stability.
Before this legal defeat, Terraform Labs and its community were well-positioned to advance the Terra ecosystem, according to Amani. However, after the significant court loss, the CEO indicated that the company “can no longer operate.”
Terraform Labs to Sell Key Projects and Transition to Community Control
Terraform Labs CEO, Chris Amani, announced that the company will sell several key projects, including the portfolio manager Pulsar Finance, the Cosmos wallet Station, and the Enterprise Protocol, which is used for creating DAOs within the Cosmos ecosystem.
Amani noted that the Terra and Terra Classic blockchains can continue operating under the community’s control. “The community will need to take over ownership of the chain,” Amani said, suggesting a community-led governance model that could transform how crypto projects operate after such predicaments.
He also mentioned plans for a community proposal to burn all of the company’s remaining vested LUNA tokens.
Amani’s announcement comes nearly a year after he was named the firm’s director and CEO. He took over from Do Kwon in July 2023, having previously served as the firm’s chief operating officer. His predecessor, Do Kwon, was embroiled in personal legal issues at the time.
Following Terraform Labs’ decision to dissolve operations, the prices of LUNA and LUNC have dropped by 5.6% and 4.8% respectively in the last 24 hours. Despite this, Amani indicated that there are more plans in the works and promised to communicate with the community once the courts approve these plans.
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#TerraClassic #LUNC

The cryptocurrency exchange Gemini has agreed to give $50 million in digital assets to investors in its Gemini Earn program. This is part of a settlement with the New York Attorney General (NYAG), which was announced on Friday.
The settlement came after New York Attorney General Letitia James accused Gemini of misleading thousands of investors, including people in New York, about the risks of the Gemini Earn program. This program let Gemini customers loan their cryptocurrency to the now-bankrupt Genesis Global Capital, LLC, and offered up to 7.4 percent annual percentage yield (APY).
Gemini Agrees to $50 Million Settlement Over Misleading Investors
New York Attorney General Letitia James accused Gemini of misleading thousands of investors, including New Yorkers, about the risks associated with the Gemini Earn program. This program allowed Gemini customers to loan their cryptocurrency to the now-bankrupt Genesis Global Capital, LLC, offering up to 7.4 percent annual percentage yield (APY).
“Gemini marketed its Earn program as a way for investors to grow their money but actually lied and locked investors out of their accounts,” James said in a statement. “Today’s settlement will make defrauded investors whole and should remind cryptocurrency companies that deceiving investors is illegal and will not be tolerated by my office.”
The settlement ensures that all defrauded investors will fully recover the assets they invested in the Earn program but were unable to withdraw when the program collapsed. Additionally, Gemini is now prohibited from conducting any crypto lending programs in New York State.
The NYAG’s complaint, filed in October against Gemini, Genesis, and the crypto investment firm DCG, alleged that Gemini misled investors by repeatedly assuring them that the Earn program through Genesis was low risk, despite its actual risks. Furthermore, the NYAG accused DCG, Genesis, and two executives of concealing $1.1 billion in losses through a campaign of misstatements and omissions.
Gemini previously announced that Earn users would recover $2.18 billion of their crypto assets in-kind, meaning customers who lent one bitcoin would receive one bitcoin back. This distribution represents a 232% recovery from when withdrawals were halted in November 2022.
The final distributions for the Earn program will be available in customers’ accounts within seven days, according to Gemini’s statement on Friday. “We are also pleased to announce that in connection with the final Earn distribution, Gemini has entered into an agreement with the New York Attorney General (NYAG) to settle the lawsuit the NYAG brought against Gemini on October 19, 2023,” the statement read. “We are excited to deliver this full recovery to you and appreciate your ongoing patience and support throughout this process.”
Ongoing Legal Disputes and Settlements in the Crypto World
The news of Gemini’s settlement follows shortly after Genesis Global Trading reached an agreement with the New York Department of Financial Services (NYDFS). Genesis agreed to pay an $8 million penalty and cease its operations in New York. As part of the settlement, Genesis will surrender its BitLicense, which it has held since 2018.
Genesis’s bankruptcy has severely impacted the Gemini Earn program, leading to a series of lawsuits. Gemini has sued Digital Currency Group (DCG) and its CEO Barry Silbert, alleging fraud. Conversely, Genesis has sued DCG, seeking repayment of loans exceeding $600 million.
Amidst this ongoing dispute, U.S. regulatory bodies have stepped in. The SEC accused Genesis and Gemini of selling unregistered securities, while the New York Attorney General filed a lawsuit accusing DCG, Genesis, and Gemini of defrauding investors.
Court filings suggest that market disturbances, such as the collapse of Terraform Labs and Three Arrows Capital, led to Gemini making withdrawals from Genesis, contributing to a “run on the bank” scenario.
The legal battle between the two crypto companies has intensified since the collapse of FTX in November 2022, leading to a public feud involving the CEOs of both firms. The contention centers on the recovery of funds, with accusations of non-cooperation and threats of legal action flying back and forth.
Previously, Gemini took legal action against Genesis to access shares of the Grayscale Bitcoin Trust used as collateral for loans to Genesis through the Gemini Earn program. These shares are currently valued at roughly $1.6 billion.
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#Gemini #GUSD

The recent drop pushed the price below the bullish range, starting a new downward trend. However, as selling pressure eases, the BOME price is expected to rise by 35% soon.
As the weekend approaches, crypto traders are expecting increased market volatility. This anticipation has led to momentum in memecoins, with BOOK OF MEME (BOME) following Pepe’s upward trend. In the past few hours, BOME’s price has surged by 15%, showing strong bullish activity. This suggests that BOME may continue to rise over the weekend and start the new week on a positive note.
BOME Price Overtakes Major Tokens in Memecoin Rally
In the early hours of the day, the PEPE price led the memecoin rally. However, as the day progressed, the BOOK OF MEME (BOME) price outperformed other major tokens. The market is currently consolidating, and while some altcoins are following this trend, the BOME price and a few other memecoins have triggered a strong upswing. To sustain this momentum, BOME needs to rise above crucial resistance levels, which would indicate a break from bearish influence.

Despite its promising start, the BOME price has struggled to establish a strong upward trend since it began trading a few weeks ago. The price has been confined within a predefined range, and despite a consolidated upswing, it has failed to break the critical resistance at $0.015. However, the memecoin recently rebounded before hitting the lower support zone below $0.009. This suggests that the bulls are regaining strength, potentially elevating the price levels in the near future.
Bullish Signs for BOME Price Amid Technical Indicators
The recent rebound in the RSI levels and diminishing selling pressure observed in the MACD are reinforcing bullish sentiments for the BOOK OF MEME (BOME) price. The MACD indicator, despite not yet displaying a bullish crossover, suggests potential upward movement in the coming hours. This anticipated crossover could signal a shift towards bullish momentum.
Traders and analysts anticipate that once the MACD confirms a bullish crossover, the BOME price will likely initiate a fresh upswing towards recent highs. This upward movement aims to breach the local resistance levels, particularly targeting a breakthrough above $0.018. If successful, this could pave the way for BOME to test the $0.02 mark, marking a significant milestone for the token’s price trajectory.
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#bookofmeme #BOME

Memecoins like Dogecoin and Pepe are consolidating in a tight range after a recent pullback. Despite this, some, including Dogecoin and Pepe, show strong resilience, hinting at potential bullish movements ahead.
Memecoins are seeing fluctuating dominance between bulls and bears, keeping their values within a set range. However, there’s been notable upward movement in top memecoins like Dogecoin and Pepe, hinting at potential positive price actions ahead. As a result, the next two weeks could set the stage for a strong uptrend, possibly starting early in the second half of 2024.
Dogecoin Faces Bearish Pressure Amid Consolidation
Dogecoin recently broke down from a significant symmetrical triangle formation over the weekend, losing about 10% of its value. Currently, the price is consolidating tightly, attempting to counteract bearish pressures and stabilize near a support level that could trigger a rebound.
Despite efforts to consolidate within a narrow range, Dogecoin has struggled to reclaim previous levels, casting a shadow of bearish sentiment over the cryptocurrency. The widening Bollinger bands and bearish indicators suggest continued dominance by sellers, highlighted by the bull-bear power dynamics.

Looking ahead, there is a possibility that Dogecoin could experience further downside, potentially dropping by another 10% to around $0.12. This movement could set the stage for the next significant price action in the near term.
Pepe Price Shows Signs of Strength Amid Technical Developments
The Pepe price has recently shown robust momentum in short-term trading, suggesting potential for a sustained upward movement towards interim highs. Technical indicators have turned bullish, signaling a likely continuation of an ascending trend in the near future.
Following a period of reaching new highs, the PEPE price encountered resistance and formed a falling wedge pattern. Concurrently, the Relative Strength Index (RSI) struggled to maintain levels above average bands, indicating a weakening bullish momentum. However, the RSI has now begun a bullish rebound and could test upper resistance levels around $0.000013 in the coming hours.

If bulls successfully breach the upper resistance of the RSI, it may pave the way for Pepe’s price to break free from bearish pressure and potentially rise further.
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#Dogecoin #Pepecoin

The XRP community holds its breath as the Ripple-SEC lawsuit nears its conclusion. With the verdict expected to impact Ripple and the entire cryptocurrency space, speculation runs rampant on how XRP’s price will react.
ChatGPT, the powerful AI chatbot developed by OpenAI, offers its insights on XRP’s potential price surge after the lawsuit dust settles.
According to ChatGPT, a favorable outcome for Ripple could propel XRP’s price significantly. “A much lower fine than the SEC’s proposed one could lead to a positive market reaction, leading to an increase in the price of XRP.
In a positive scenario, I predict the price of XRP in the range of $0.55 to $1.00 shortly after a positive resolution,” stated ChatGPT. This translates to a potential 109% increase from XRP’s current price of $0.4777.
However, ChatGPT also cautions against blind optimism. “The real reaction of the market may be different, and forecasts should not be considered as the main guide,” it added. This highlights the inherent volatility of the cryptocurrency market, where unforeseen factors can drastically alter price trajectories.
XRP’s price action throughout the lawsuit reflects this volatility. Despite positive rulings for Ripple, including Judge Analisa Torres’ December 2023 decision that XRP sales to retail investors weren’t securities offerings, the price has remained subdued. This could be attributed to the ongoing legal uncertainty and the broader market slump that has impacted all cryptocurrencies.
Looking beyond the lawsuit, several positive developments suggest a potential price upswing for XRP in the long run. Ripple continues to forge strategic partnerships for cross-border payment solutions.
In March 2022, Times tabloid reported Tranglo’s strategic adoption of RippleNet ODL across all its payment corridors. This move empowered remittance providers to offer swift, cross-border payments, leveraging XRP’s speed and efficiency to streamline financial transactions in the region.
Furthermore, the growing adoption of blockchain technology for financial services bodes well for XRP. As financial institutions explore faster and cheaper payment methods, XRP’s utility as a bridge currency between traditional and digital assets becomes increasingly attractive.
Challenges Facing XRP
Of course, there are also challenges. Regulatory hurdles remain a concern for XRP. Although the SEC lawsuit now nears its end, it has cast a shadow over XRP’s legitimacy. Additionally, the competition in the cross-border payment space is heating up, with other cryptocurrencies and established financial players vying for market share.
ChatGPT’s prediction of a post-lawsuit price surge for XRP offers hope for the XRP community. However, the market remains unpredictable, and the long-term success of XRP hinges on multiple factors, including the lawsuit’s outcome, continued adoption by financial institutions, and its ability to outmaneuver competitors. Only time will tell if XRP can fulfill its promise and reach the predicted price point of $1.
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#XRP #Ripple

Recent predictions from prominent figures within the crypto space paint a contrasting picture of SHIB’s future trajectory. While some analysts believe a massive surge is imminent, others expect a longer timeline, while some believe the meme coin’s price will fall.
Optimistic Forecasts for Shiba Inu (SHIB)
Valeriya (@valeriyaApex), a well-respected crypto trader, caused a stir with her bold prediction of a potential 1,000% surge for Shiba Inu by the end of June 2024. She listed the meme coin and four others as cryptocurrencies that could climb by 10x in June, and this would send SHIB to $0.0002141 from its current price of $0.00002141.
This target is significantly higher than SHIB’s all-time high of $0.00008845 and hard for some to envision, considering the meme coin’s 5.93% 24-hour decline.
Shiba Inu has exhibited remarkable resilience in the face of a recent market downturn. The token has held steady around the $0.00002 mark. Even with the steep 24-hour decline, the meme coin has stayed above that level. This stability, coupled with a minimal overall loss compared to the previous month, suggests a potential base for future growth.
Dissenting Opinions On SHIB’s Future
SHIB Knight (@army_shiba), another prominent analyst, offers a more tempered yet intriguing forecast. Although he also believes the meme coin will breach its all-time high, he set a lower target of $0.0001.
While Valeriya and SHIB Knight are optimistic about SHIB’s future, The Don of Apes (TheDonOfApes), a prominent crypto analyst, believes the meme coin’s price is about to drop. Although he predicts a decline to $0.00001822, he believes this will present a lucrative buying opportunity.
A recent analysis of SHIB’s Bollinger Bands shows a potential bullish reversal. After its prolonged consolidation around the $0.00002 level, the bullish momentum shown by its Bollinger Bands could lead to a massive breakout. After the surge of almost 400% in March, the multiple bullish indicators and bullish optimism could help SHIB recreate or even surpass this surge.
The possibility of a 1,000% surge for Shiba Inu is captivating. However, it’s crucial to acknowledge the difficulty of such a rapid price increase within a short timeframe. Nevertheless, SHIB’s past performance and ongoing ecosystem developments paint a picture of a potentially promising future for the meme coin.
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#ShibaInu #SHIB

Derek (@kimmyboy2), has shared his thoughts on the recent developments around Terraform Labs, the company behind Terra Classic (LUNC) and the broader LUNA ecosystem.
Following a $4.47 billion settlement with the U.S. Securities and Exchange Commission, Terraform Labs will cease operations and transfer control of the ecosystem to the community. Derek shared a picture of the post made by Chris Amani, CEO of Terraform Labs, who announced the next steps on X.
A Potential Silver Lining
Derek points to the burning of all unvested Luna tokens held by Terraform Labs as a potential catalyst for LUNC’s growth. LUNC works with a deflationary model where the community uses token burns to reduce the overall supply of LUNC, potentially leading to increased scarcity and, theoretically, a higher price per token.
However, Derek acknowledges the negative aspects of the situation. He mentions the recent lawsuit loss by Terraform Labs, which adds uncertainty to the project’s future. Although early news of the settlement caused a small price surge, the positive sentiment has soured. This loss could potentially deter investors from entering the LUNC market.
Despite the lawsuit, Derek argues that the combined effect of the Terraform Labs shutdown and token burning could outweigh the negative sentiment. He emphasizes the potential for “investor inflow” into LUNC, suggesting that users who previously held LUNA with Terraform Labs might migrate to LUNC.
Derek predicts a scenario of rapid price volatility for LUNC, with the potential for significant price increases. He suggests that a decision by major cryptocurrency exchanges, such as Binance, regarding the future of Luna 2.0 could significantly impact LUNC’s price movement.
If former LUNA holders turn to LUNC as Derek expects, the investor inflow combined with the massive token burn could significantly benefit LUNC. These events would cause the demand for the remaining tokens to increase, driving up the price.
Is LUNC Going Up?
It’s important to note that cryptocurrency markets are complex and influenced by various factors beyond supply and demand. Regulatory decisions, market sentiment, and broader economic conditions can all initiate price fluctuations.
While Derek’s prediction of a rapid price rise for LUNC is optimistic, investors must conduct thorough research and due diligence before making investment decisions. However, after a prolonged battle with low prices, this event, though it’s negative on the surface, could benefit LUNC in the long term. Analysts have predicted huge rallies, and this could help LUNC achieve them.
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#Terraform #LUNC

While the broader cryptocurrency market faces a recent downturn, one meme coin, Pepe Coin, stands out. While other altcoins are affected by Bitcoin’s recent 5% decline, PEPE has shown strong performance, surging significantly over the past month and climbing nearly 6% daily.
This bullish trend has analysts, like Crypto Tony, excitedly predicting a potential all-time high (ATH) for the meme coin.
Pepe Coin Shows Resilience and Strong Performance
Unlike many other altcoins that faltered during the recent market downturn, Pepe Coin has demonstrated resilience, indicating underlying strength that may be attracting new investors and bolstering confidence among existing holders.
Over the past month, PEPE holders have enjoyed substantial gains, with the price increasing by a solid 20% to reach $0.058. Daily trading volume has also been robust, reaching an impressive $755 million. This level of activity suggests healthy market dynamics and contributes to the bullish sentiment surrounding the meme coin.
Surge in Whale Activity Boosts Pepe Coin Excitement
The cryptocurrency community is abuzz with excitement over a surge in whale activity surrounding Pepe Coin. Lookonchain data reveals significant purchases by wealthy investors, signaling their confidence in the meme coin’s potential.
This trend underscores a broader shift in sentiment towards meme coins as viable investment opportunities, potentially driving further price increases and attracting more investors to the market.
In a notable example, address 0xa145 withdrew 350 billion tokens, valued at over $3 million, from Binance. This move indicates optimism among traders, suggesting potential profitable opportunities through swing trading.

Crypto analyst Crypto Tony adds to the bullish sentiment, predicting a new high for Pepe Coin based on recent price movements and its underlying strength.
Investors keen on identifying the next significant gainer are likely to take note of this optimistic forecast from a respected figure in the crypto industry.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#PEPE #PepeCoin

As the US Securities and Exchange Commission (SEC) moves forward with approving spot Ethereum exchange-traded funds (ETFs), industry leaders are now considering whether Solana could be the next candidate.
Many experts speculate that Solana may indeed be the next in line for an ETF approval, citing its increasing prominence within the cryptocurrency market.
Speculation and Challenges Surrounding Solana ETF Approval
SEC Chair Gary Gensler has announced the expected launch of spot Ethereum ETFs this summer, highlighting positive progress in the final approval process managed at the staff level.
Following Ethereum’s advancements, attention has turned to which cryptocurrency might follow suit. According to Brian Kelly of CNBC, Solana stands out as a potential candidate, alongside Bitcoin and Ethereum, given its significant role in the current market cycle.
Joe McCann, CEO of Asymmetric, shares a similar view, suggesting that interest in Solana stems from investors who missed out on Ethereum’s earlier successes.
Anthony Pompliano, from Pomp Investments, has strategically shifted from Ethereum to Solana, citing potential future outperformance. However, he notes that discussions about a Solana ETF in the US have not gained momentum yet.
Despite optimism, some industry experts advocate caution regarding immediate approval of a Solana ETF, highlighting existing regulatory challenges that Solana must navigate.
Debate Over Solana ETF Approval
Nate Geraci, President of the ETF Store, has indicated a cautious stance on the approval of a Solana ETF, stating, “No Solana ETF until either CME-traded Solana futures exist or Congress puts a legit crypto regulatory framework in place.” He suggests that the approval of a spot Ethereum ETF might delay approval for other crypto ETFs.
James Seyffart, a Research Analyst at Bloomberg, provided additional perspective, predicting that a Solana ETF could materialize within a few years of establishing a CFTC-regulated futures market. However, he highlighted regulatory challenges, noting that recent lawsuits against platforms like Coinbase and Kraken label Solana as a security.

Despite ongoing analysis, the potential for a Solana ETF remains uncertain. Polymarket, a prediction market, reports a mere 7% chance of a Solana spot ETF approval in 2024, reflecting cautious sentiment among speculators.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Solana #SOL

Former President Donald Trump’s recent statement advocating for all Bitcoin production to occur in the US has ignited a debate within the crypto community.
While some Bitcoin enthusiasts initially supported the idea, many experts contend that Trump’s stance demonstrates a misunderstanding of Bitcoin’s core principles. They caution that centralizing Bitcoin production could weaken its decentralized nature. Opinions differ widely on the potential geopolitical and market ramifications of Trump’s proposal.
Debate Over Trump’s Call for US-Based Bitcoin Production
Crypto journalist Laura Shin posed a critical question about why some Bitcoin enthusiasts celebrated former President Donald Trump’s statement advocating for all Bitcoin production to be based in the US. She raised concerns about jurisdictional risks that could centralize Bitcoin and make it more vulnerable to attacks. Margot Paez, a Bitcoin advocate and sustainability consultant, echoed these concerns, emphasizing the importance of avoiding hash rate centralization in the US.
Congressman Sean Casten expressed disagreement with Trump’s stance, citing Bitcoin’s energy-intensive mining process and its limited utility in modern banking. However, Nic Carter of Castle Island Ventures disagreed with Casten’s critique, suggesting that while Bitcoin doesn’t need to be mined exclusively in the US, the criticisms of Trump’s statement may have been overstated.
Various voices in the crypto industry weighed in on Trump’s statement. Alex Thorn from Galaxy Digital suggested that Trump’s stance could serve as a geopolitical signal, potentially prompting other countries to take Bitcoin mining more seriously. Matthew Pines of the Bitcoin Policy Institute highlighted the potential geopolitical implications of Trump’s policy, noting that global reactions could range from indifference to significant shifts.
Amidst the debate, prominent crypto investor Mike Alfred expressed initial support for Trump’s statement but later acknowledged broader implications, emphasizing the importance of its spirit over specific details.
Trump’s Evolving Stance on Bitcoin and Crypto
Former President Donald Trump’s recent pro-crypto statements, including pledges to support self-custody rights and accept crypto campaign donations, mark a shift from his previous skepticism. Despite these endorsements, Trump has a history of inconsistency regarding Bitcoin. In July 2019, he publicly expressed disapproval, stating that he is “not a fan” of Bitcoin and other cryptocurrencies, which he views as lacking stability and value.
Trump’s current low standing among global leaders adds complexity to the potential impact of his newfound pro-Bitcoin stance. It remains uncertain whether his statements will translate into concrete policy changes or remain political rhetoric aimed at his base.
Notably, Trump’s support for the crypto industry contrasts sharply with the Biden administration’s stricter approach, particularly towards Bitcoin mining. This stance was exemplified by the forced shutdown of MineOne Partners, a Chinese crypto mining firm near a Wyoming Air Force base, deemed a national security concern.

According to data from crypto prediction markets on Polymarket, Trump is currently favored with a 56% chance of winning the November presidential election, while President Joe Biden holds a 35% chance.
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#Trump #Bitcoin

Chainlink (LINK) surged to $16.21 on June 12, only to retreat shortly afterward, indicating that the initial price increase might have been a false breakout.
Despite this, interest in the native token of the decentralized Oracle network remained strong, with trading volume exceeding $450 million in the last 24 hours.
Chainlink (LINK) Metrics Suggest Potential for Uptrend
As of the latest update, Chainlink (LINK) is trading at $15.55, marking a 10.65% decline over the past seven days. The recent surge in LINK’s price on Wednesday was spurred by favorable Consumer Price Index (CPI) data, which showed lower-than-expected inflation rates.
Initially, this positive CPI outcome boosted the broader crypto market, including LINK, leading to significant gains. However, subsequent market movements, especially with Bitcoin (BTC) and other altcoins, tempered some of these gains.
Despite the recent decline, indicators like the Network Value to Transaction (NVT) Ratio and Market Value to Realized Value (MVRV) Ratio suggest that LINK may be poised for another uptrend:
Network Value to Transaction (NVT) Ratio: This metric, calculated by dividing the market capitalization by the transaction volume on-chain, helps determine if a network is undervalued or overvalued. Glassnode data shows Chainlink’s NVT Ratio at 93.04, indicating that transaction volume has been robust relative to the project’s market cap. A lower NVT Ratio typically suggests undervaluation, as the network efficiently processes transactions despite the current price levels.
Market Value to Realized Value (MVRV) Ratio: This ratio compares a cryptocurrency’s market value to its realized value, providing insights into potential accumulation or distribution levels. It helps traders assess whether the token’s price has peaked locally or is nearing a bottom. For Chainlink, these metrics point towards potential opportunities for accumulation, reflecting its current undervalued status in the market.

These metrics collectively indicate that despite recent price fluctuations, Chainlink may be in a favorable position for a future uptrend, supported by strong transactional activity and market fundamentals.
Chainlink (LINK) On-Chain Metrics and Historical Patterns
Recent insights from Santiment highlight Chainlink’s 30-day Market Value to Realized Value (MVRV) ratio at -9.02%. This negative figure suggests that current LINK holders may face losses if they sell at prevailing prices around this range.
However, historical data indicates that such downturns often present buying opportunities for investors:
Historically, when Chainlink’s MVRV ratio has fallen between -6% and -21%, it has signaled potential for price rebounds. For instance, from May 15 to 28, LINK’s price surged from $12.96 to $18.77. This rally coincided with a starting MVRV ratio of -6.45%.

In another example in April, with an MVRV ratio of -21.37%, Chainlink saw its price rise from $13.08 to $15.62 over a period of time.
These patterns suggest that downturns in the MVRV ratio have historically been followed by periods of price recovery and potential gains for LINK investors.
Chainlink (LINK) Price Outlook and Liquidation Heatmap Analysis
Considering historical trends and current market conditions, signs point to a potential price increase for Chainlink (LINK) in the near term. If this trend continues, LINK could gradually climb towards $17.70 within the next week or two.
In a highly bullish scenario, LINK’s price might even surpass $18.57. However, insights from the liquidation heatmap could challenge this projection.
The liquidation heatmap is a tool used to anticipate significant liquidation events in the market. It highlights areas of high liquidity, often marked in yellow, where price movements may gravitate towards.
According to Coinglass, there is a notable liquidity zone at $15.04 for LINK. This suggests that if the upward momentum falters, LINK’s price could retreat towards this level.

At this critical point, traders face potential losses amounting to $174,610. To mitigate risks, setting robust stop-loss orders above the identified liquidation zone may be advisable.

⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Chainlink #LINK

APT’s price is declining while much of the market is recovering, potentially pushing it to a multi-month low and increasing investor losses.
Aptos (APT) is currently above the bear market support level at 23.6% Fibonacci Retracement. In futures trading, APT’s Open Interest has hit a four-month low at $103 million. The MACD indicator recently experienced a bearish crossover for the first time since April, indicating a cautious near-term outlook for APT’s price.
Aptos (APT) Faces Declining Investor Support and Bearish Signals
Investor support for Aptos (APT) is waning, evidenced by a significant drop in Open Interest (OI), which measures outstanding derivative contracts like options and futures. Over the past week, APT’s OI plummeted from $133 million to just $103 million, marking a four-month low and indicating reduced market activity and liquidity.
Alongside declining OI, the Moving Average Convergence Divergence (MACD), a technical indicator reflecting market sentiment, has shown a bearish crossover. This crossover, observed for the first time in nearly two months, suggests increasing bearish momentum in APT’s price chart, signaling potential further declines in the market.

Aptos (APT) Price Analysis: Support Levels and Potential Movements
Currently trading at $7.95, Aptos (APT) is just below the critical 23.6% Fibonacci Retracement level at $8.02, known as a bear market support floor. A breach below this level suggests weakness and raises the possibility of further declines.
If APT fails to hold above $8.02, it could potentially drop to $7 or even $6, indicating a significant downturn. A further breakdown below these levels would likely see Aptos’s price plummet to $4.84, marking its lowest point in over seven months.

Conversely, a rebound from the $8.02 support could propel APT towards $10, where it would establish the 38.2% Fibonacci Retracement level as a new support. This scenario would invalidate the bearish outlook, potentially leading to renewed bullish momentum for Aptos.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Aptos #APT

Terraform Labs has decided to cease operations after reaching a $4.47 billion settlement with the SEC. As part of this decision, control of the Terra blockchain is being handed over to the community.
Chris Amani, CEO of Terraform Labs, has stated that the company will shut down its operations after reaching a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC).
Terraform Labs Ceases Operations and Transfers Control of Terra Blockchain
Chris Amani, CEO of Terraform Labs, has announced the company’s decision to cease operations following a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC). As part of this decision, Terraform Labs plans to sell off key projects within the Terra ecosystem and transfer control of the Terra blockchain to the community.
Amani explained, “[Terraform Labs] always intended to dissolve at some point and that point is now. We will be winding down operations completely […] We were well positioned to accelerate things if we had won the trial, but unfortunately, we lost and as a result, can no longer operate.”

The decision to dissolve Terraform Labs comes after the SEC’s settlement regarding the collapse of the algorithmic stablecoin UST in 2022, which includes a substantial $3.58 billion disgorgement and a civil penalty of $420 million.
Taking over from Do Kwon in July 2023, Amani also confirmed plans to burn both unvested and vested holdings of Terra (LUNA) tokens. He stated, ” @evan_docs will shortly post a community proposal to burn all of [Terraform Labs’] unvested Luna. Anything that remains vested in our wallets will be burned by [Terraform Labs].”
Terraform Labs Ceases Operations: Community Governance and Market Impact
Chris Amani, CEO of Terraform Labs, announced plans for the company to wind down operations following a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC). Amani emphasized a community-led governance approach for the Terra and Terra Classic (LUNC) blockchains, highlighting a proposal to burn remaining vested tokens.

The decision to transition control to the community has sparked varied reactions among Terra supporters. While many are optimistic about the shift towards community governance, others have voiced criticism of past leadership decisions. One community member’s response on social media particularly criticized Amani’s decision.

Following Terraform Labs’ announcement, the prices of LUNA and LUNC tokens have experienced declines of 5% and 2% respectively over the past 24 hours.
The $4.47 billion SEC settlement marks a significant regulatory milestone in the cryptocurrency industry, underscoring the importance of regulatory compliance and robust governance frameworks in the sector.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraformLabs #TerraClassic

Notcoin has bounced back from a recent bearish period and is gaining momentum amidst a bullish turn in the global financial system. As optimism grows, the altcoin is approaching a critical resistance level.

The surge in search queries about whether Notcoin will reach $0.01 and its investment potential indicates renewed interest among investors. If you’re considering investing in this altcoin for the upcoming bullish market, this article covers its short-term outlook, price analysis, and future targets.

Notcoin Shows Strong Recovery and Bullish Momentum
Notcoin has recently experienced a correction of 18.15% over the past week, but has quickly regained momentum with a notable surge in trading volume, up by 64.46%. In the last 24 hours alone, the altcoin has seen its valuation increase by 13.71%.
Over the past 30 days, Notcoin has shown a significant rise of 26.98%, indicating sustained bullish sentiment in the market for this cryptocurrency.

Currently trading at $0.01810, Notcoin boasts a total supply of 102,701,033,769 NOT tokens and holds a market cap of $1.884 billion, securing its position as the 51st largest cryptocurrency globally by market capitalization.
Technical analysis supports this bullish trend, with the Simple Moving Average (SMA) on the daily chart consistently reinforcing positive price action for Notcoin. Additionally, the Moving Average Convergence Divergence (MACD) indicator shows a continuous increase in the green histogram, signaling growing buying pressure within the crypto market. These bullish patterns suggest that Notcoin’s price is likely to continue appreciating in the near future.
Notcoin Price Outlook and Support Levels
If Notcoin manages to surpass the resistance level of $0.01910, bullish momentum is expected to strengthen, potentially paving the way for a test of the next resistance at $0.02475. Sustaining this upward movement could then set the stage for Notcoin to aim for its upper resistance level of $0.02945.
Conversely, if bearish pressure increases and pushes the price below the current levels, Notcoin may face a test of its crucial support at $0.01340. Further downward movement could potentially lead to a test of the lower support level around $0.00860.
These support and resistance levels are critical indicators that investors and traders monitor closely to gauge the direction of Notcoin’s price movement in the cryptocurrency market.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#NOT #Notcoin👀🔥

Analyst Matthew Perry recently discussed the rise of lesser-known “frog coins” in the cryptocurrency market, alongside popular meme coins like dog and cat tokens. These frog-themed cryptocurrencies represent a new sector gaining attention due to their novelty.
Perry highlighted the potential of early-stage projects beyond the top 100 or 200 coins, suggesting they could offer significant investment returns. He provided a list of potential altcoins poised for explosive growth.
Emerging Frog Coins: Analyst’s Insights
1. Croak (CROAK)
Analyst Mathhew Perry highlighted Croak, a project trading around 0.14 cents per token. Despite recent minor fluctuations, it has shown growth from recent lows. With a market cap of $2.85 million and 2 billion coins in circulation, Croak boasts approximately $500,000 in liquidity, providing relative stability for its size. Perry suggested that projects like Croak could significantly expand with increased trading volume, potentially reaching market caps of $3 million, $4 million, or even $10 million.
2. Peipei (PEIPEI)
Perry also discussed Peipei, noting its recent 3% increase with an $81.7 million market cap and $14.8 million in daily trading volume. Recognizing its growing popularity and liquidity, Perry expects Peipei to gain further traction through additional exchange listings and community support.
3. Bome (BOME)
Perry moved on to Bome, highlighting its market cap of $735 million despite recent price declines. He viewed these dips as potential buying opportunities, emphasizing Bome’s robust trading volume of $24 million as a sign of strong market interest and liquidity. Perry expressed confidence in Bome’s growth potential, noting its availability on multiple major exchanges and numerous trading pairs.
4. Pepe (PEPE)
Finally, Perry discussed Pepe, a well-known meme coin currently boasting a market cap of $5.7 billion. Perry confidently predicted significant future growth for Pepe, suggesting it could potentially reach a market cap as high as $42 billion or more during the upcoming altcoin season.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Pepecoin #FrogCoin

In June, the Litecoin (LTC) blockchain has experienced a significant increase in activity. The number of unique addresses engaging with the network has more than doubled, rising from 345,000 in May to over 700,000.
This surge in activity coincides with the network’s Relative Strength Index (RSI) entering its most favorable “Opportunity Zone” since September, according to data from on-chain analytics firm Santiment.
Litecoin Network Activity Surges: Leading in Active Addresses
Litecoin (LTC) has recently experienced a notable surge in network activity, marked by a significant increase in the number of unique addresses using its blockchain. This uptick indicates growing interest and activity within Litecoin’s ecosystem.
On X, the official Litecoin account highlighted this increase, sharing a chart from IntoTheBlock that illustrates the rise in active addresses. According to their tweet, Litecoin is now recognized as “the most active blockchain in the world.”
What’s striking is that Litecoin’s active addresses have now exceeded those of Bitcoin and Ethereum, the top two cryptocurrencies globally. This underscores Litecoin’s strong performance in terms of user engagement and overall usage metrics.
Often referred to as “the silver to Bitcoin’s gold,” Litecoin is renowned for its ability to process transactions quickly and at low costs. Its technological advancements, such as Segregated Witness (SegWit), have been influential across the broader blockchain industry, particularly within Bitcoin’s network.
Litecoin’s Technological Advancements and Price Performance
Litecoin (LTC) has been an early adopter of technological innovations within the cryptocurrency space, notably implementing Segregated Witness (SegWit) before Bitcoin. This upgrade aimed to improve transaction speed and reduce fees, positioning LTC as a pioneer in blockchain efficiency.
In terms of market dynamics, Litecoin experienced its most recent halving event in August 2023, an event that typically reduces the rate at which new LTC coins are created, impacting supply dynamics. Despite these technological advancements and fundamental changes, LTC’s price performance has been relatively subdued compared to Bitcoin.
Over the past year, Litecoin has seen a modest price increase of just 1.2%, currently trading around $78.4 per coin. In contrast, Bitcoin, the leading cryptocurrency, has surged by over 167% during the same period, reaching close to $70,000 per BTC. This disparity highlights the challenges Litecoin faces in gaining substantial price momentum despite its technological innovations and recent network activity surge.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Litecoin #LTC

In a surprising turn of events, the price of Curve DAO (CRV) recently crashed by nearly 30%, causing a wave of bearish sentiment across the crypto industry. The token dropped from $0.35 to a low of $0.27 due to massive liquidations.
Curve Finance’s founder, Michael Egorov, is facing the liquidation of millions of CRV tokens on various DeFi platforms. This follows Arkham’s report of a potential $140 million CRV liquidation. On-chain data suggests that the recent price crash has led to significant liquidations for Egorov.
Curve DAO Faces Major Liquidation Challenges
In a post on June 12, Arkham highlighted a looming $140 million in CRV liquidations. Aligning with this, Curve founder Michael Egorov has borrowed $95.7 million in stablecoins, mostly crvUSD, against his $141 million CRV across five accounts on five protocols. To maintain his positions, Egorov appears to be paying $60 million annually on Llamalend, as revealed by Arkham.
Data from PeckshieldAlert showed that a Michael Egorov-labeled address was already liquidated 20.2 million CRV on UwU Lend, another DeFi protocol, by the liquidator ‘sifuvision.eth.’ Amid the CRV price crash of almost 30%, a whale address 0xF078…0f19E was also recorded as being liquidated for 29.6 million CRV. Additionally, Lookonchain’s insights highlighted a trader’s liquidation of 10.58 million CRV on Fraxlend during the price crash.
Meanwhile, Lookonchain’s data indicated that Egorov held 111.87 million CRV in collateral and $20.6 million in debt across four DeFi platforms: UwU Lend, Fraxlend, Curve LlamaLend, and Inverse.

CRV Token Faces Major Plunge Amid Market Turmoil
At the time of writing, the CRV token witnessed a massive plunge of 20.39%, reaching $0.2778. The token’s 24-hour lows and highs are $0.2236 and $0.3742, respectively.
Amid this panic-inducing scenario, CryptoQuant CEO Ki Young Ju highlighted a significant increase in CRV balance on exchanges on the microblogging platform X. The exchange balance hit an all-time high, spiking 57% in the later hours of June 13. This increase in exchange supply adds to the token’s downside pressure in the market.

Despite these negative factors, data from Coinglass showed a 108.32% increase in the token’s Futures Open Interest (OI) to $105.65 million, along with a derivatives volume surge of 472.96% to $1.33 billion. This underscores growing investor interest in the asset despite the current market challenges.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#CurveDAO #CRV

Despite a recent 13% decline due to market downturns, Solana (SOL) is poised for a significant recovery. Market analyst Ali Martinez believes SOL could rebound strongly, potentially reaching $280.
Martinez highlighted a bullish breakout pattern forming on Solana’s chart, indicating favorable conditions for a price surge in the near term.
Solana (SOL) Analysis by Analyst Ali Martinez
Market analyst Ali Martinez has identified crucial support and resistance levels for Solana (SOL) at $143 and $178, respectively. These levels are pivotal in determining whether SOL will experience a strong upward movement or a potential downturn.

Martinez’s analysis includes a chart showing Solana’s candlestick patterns forming a symmetrical triangle over the past two months. This pattern is typically viewed as a bullish signal, suggesting a potential breakout in SOL’s price.
The symmetrical triangle formation began in mid-March 2024 when Solana surged from around $101 to nearly $210. Despite multiple attempts, SOL faced resistance at the $210 level and retraced to find support around $141, which coincided with the 0.382 Fibonacci level.
After finding support, Solana rallied again, encountering resistance near the 0.786 Fibonacci level at $185. By early June 2024, SOL retraced to $157 from this level.
Currently, Solana is trading around $150.95, just above the 0.5 Fibonacci level at $143. This level is critical as it aligns with the lower boundary of the symmetrical triangle, indicating a significant decision point for Solana’s price movement in the near future.
Solana (SOL) Price Outlook: Key Levels and Potential Movements
Analyst Ali Martinez suggests that the resolution of Solana’s symmetrical triangle pattern could lead to a significant 53% price movement. Currently, if SOL manages to maintain support above $143, it could indicate a potential rally towards the resistance level at $178. Breaking through this critical zone would likely confirm Martinez’s bullish projection, potentially pushing SOL towards the $280 mark.
However, a downturn below the crucial support level of $143 might signal further declines. In such a scenario, deeper Fibonacci levels could become relevant, possibly targeting the $67 region. This makes the current support level a pivotal area to watch for determining Solana’s short-term price direction.
Solana (SOL) Technical Indicators Analysis
On the daily chart, the Relative Strength Index (RSI) for Solana (SOL) is currently at 41.50, approaching the oversold region typically observed below 35. This suggests that SOL may be nearing a potential buying opportunity, particularly around the critical support level of $143. If buying interest increases at this level, it could prompt a rebound in SOL’s price towards the resistance at $178.

In contrast, the Chaikin Money Flow Index (CMF) is trending below the zero line, currently at -0.13. This indicates a decline in the inflow of money into the Solana market, suggesting diminishing buying pressure. This downward trend in the CMF could contribute to further downward pressure on SOL’s token price unless buying activity picks up to support higher price levels.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Solana #SOL