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🔺 BREAKING ! Xai Vanguard is going to explode the gaming world and become the top game in the Blockchain world !!
$XAI was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.
🔸 Vanguard, currently a dedicated channel in the Xai Discord community, holds the promise of transforming into a gaming league – aptly named Vanguard – in the foreseeable future. Those with the Vanguard role and those accessing its designated channel position themselves favorably to join the League upon its anticipated launch shortly after the deployment of Final Form to the Xai mainnet.
🔸 In the forthcoming era, all gamers will seamlessly engage with blockchain technology within their gaming experiences, yet they are unlikely to be consciously aware of its integration, including the use of technologies like NFTs. The 2021 cycle of blockchain games has illuminated the immense potential inherent in this technology. However, it has also underscored the substantial challenge presented by the adoption barrier that hinders many individuals from creating and managing their first crypto-wallets. To earnestly facilitate widespread adoption, the industry must undertake substantial initiatives to relegate wallet management and blockchain.
🔸 The XAI token will serve a dual purpose on the Xai blockchain. Firstly, it will function as the designated gas token, facilitating transactions within the network. Additionally, Xai tokens will be rewarded to validator nodes for their role in validating transactions. Moreover, the Xai token will act as the primary token within the gaming ecosystem, being accepted as payment for games.
#XaiVanguardGenesis #XAI @XAI_GAMES
$XAI was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.
🔸 Vanguard, currently a dedicated channel in the Xai Discord community, holds the promise of transforming into a gaming league – aptly named Vanguard – in the foreseeable future. Those with the Vanguard role and those accessing its designated channel position themselves favorably to join the League upon its anticipated launch shortly after the deployment of Final Form to the Xai mainnet.
🔸 In the forthcoming era, all gamers will seamlessly engage with blockchain technology within their gaming experiences, yet they are unlikely to be consciously aware of its integration, including the use of technologies like NFTs. The 2021 cycle of blockchain games has illuminated the immense potential inherent in this technology. However, it has also underscored the substantial challenge presented by the adoption barrier that hinders many individuals from creating and managing their first crypto-wallets. To earnestly facilitate widespread adoption, the industry must undertake substantial initiatives to relegate wallet management and blockchain.
🔸 The XAI token will serve a dual purpose on the Xai blockchain. Firstly, it will function as the designated gas token, facilitating transactions within the network. Additionally, Xai tokens will be rewarded to validator nodes for their role in validating transactions. Moreover, the Xai token will act as the primary token within the gaming ecosystem, being accepted as payment for games.
#XaiVanguardGenesis #XAI @XAI_GAMES
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🟡 Justin Sun Has Exactly 1 Billion Dollars: Here Are The Altcoins He Holds
The crypto portfolio of Tron (TRX) founder Justin Sun, perhaps one of the most controversial names in the cryptocurrency world, attracts attention.
Sun, whose blockchain network is the most popular network for sending stablecoin Tether (USDT) in the world, has a large number of altcoins on different chains.
The total value of Sun's known cryptocurrency wallets at the time of this writing is $1.03 billion. The biggest part of this amount, $276 million, is its own stablecoin USDD. Then comes the fact that he is the founder with 238 million dollars.
In third place is the cryptocurrency project Bittorrent (BTT), which it bought a while ago for 117 million dollars.
Justin Sun's entire cryptocurrency portfolio is listed as follows:
USDD – $276 million
TRX – $238 million
BTT – $117 million
BTC – $98 million
USDJ – $91 million
WSTETH – $58 million
AETHUSDT – $18 million
AETHUSDC – $12 million
SHIB – $11.56 million
ETH – $9.22 million
USDT – $9 million
NFT – $8 million
WIN – $8 million
FLOKI – $5.63 million
CRV – $2.92 million
MATIC – $2.22 million
LINK – $2 million
ZRX – $1.79 million
JST – $1.61 million
HTX – $1.48 million
PEPE – 888 thousand dollars
LPT – 723 thousand dollars
SUN – 722 thousand dollars
STRX – $598 thousand
BABYDOGE – 596 thousand dollars
There has been a decrease of approximately $55 million in Sun's portfolio in the last week. At its peak, Sun's portfolio stood at approximately $7 billion.
#JustinSun @Justin Sun孙宇晨
The crypto portfolio of Tron (TRX) founder Justin Sun, perhaps one of the most controversial names in the cryptocurrency world, attracts attention.
Sun, whose blockchain network is the most popular network for sending stablecoin Tether (USDT) in the world, has a large number of altcoins on different chains.
The total value of Sun's known cryptocurrency wallets at the time of this writing is $1.03 billion. The biggest part of this amount, $276 million, is its own stablecoin USDD. Then comes the fact that he is the founder with 238 million dollars.
In third place is the cryptocurrency project Bittorrent (BTT), which it bought a while ago for 117 million dollars.
Justin Sun's entire cryptocurrency portfolio is listed as follows:
USDD – $276 million
TRX – $238 million
BTT – $117 million
BTC – $98 million
USDJ – $91 million
WSTETH – $58 million
AETHUSDT – $18 million
AETHUSDC – $12 million
SHIB – $11.56 million
ETH – $9.22 million
USDT – $9 million
NFT – $8 million
WIN – $8 million
FLOKI – $5.63 million
CRV – $2.92 million
MATIC – $2.22 million
LINK – $2 million
ZRX – $1.79 million
JST – $1.61 million
HTX – $1.48 million
PEPE – 888 thousand dollars
LPT – 723 thousand dollars
SUN – 722 thousand dollars
STRX – $598 thousand
BABYDOGE – 596 thousand dollars
There has been a decrease of approximately $55 million in Sun's portfolio in the last week. At its peak, Sun's portfolio stood at approximately $7 billion.
#JustinSun @Justin Sun孙宇晨
🤖 Bitcoin price prediction 2033: Bernstein sees upside to $1m
Bernstein, an asset management firm with over $750 billion in assets, is doubling down on its Bitcoin price prediction, raising their target for 2025 from $150,000 to $200,000. The prediction for 2033 is an astounding $1 million.
Analysts at the firm shared their price projection for the flagship cryptocurrency on Friday. In a note to clients, the research firm said expectations for a surge in spot Bitcoin ETFs represents a bullish catalyst.
“We believe that the U.S regulated ETFs were the watershed moment for crypto that brought in structural demand from traditional pools of capital,” Bernstein’s Gautam Chhugani and Mahika Sapra, noted.
Since their trading debut in early January, spot Bitcoin ETFs have registered net inflows of more than $15 billion. According to the analysts, the global spot Bitcoin ETF market could grow to account for approximately 7% of BTC’s circulating supply by 2025.
🔸 BTC price to hit $1 million by 2033
The recent block reward halving that cut daily emission from around 900 bitcoins to 450 bitcoins is another factor, they noted, writing that an explosion in demand amid ongoing supply shock could propel BTC price to over $200k by mid-to-end of next year.
The analysts also expect spot Bitcoin ETFs to account for roughly 15% of the “digital gold’s” circulating supply by 2033. In this case, a rally in price in relation to marginal cost of production could mean a surge to over $1 million in the next eight years.
Gautam Chhugani and Mahika Sapra see Bitcoin at $500,000 by end of 2029 and over $1 million by 2033.
Bernstein also initiated coverage on the MicroStrategy stock, assigning an outperform rating with a price target of $2,890 by end of 2025.
MicroStrategy (MSTR) is an AI-powered cloud analytics firm that currently holds 214,400 bitcoins. The company has announced a $700 million convertible notes sale with proceeds set to buy more BTC.
$BTC #BTC #Bitcoin
Bernstein, an asset management firm with over $750 billion in assets, is doubling down on its Bitcoin price prediction, raising their target for 2025 from $150,000 to $200,000. The prediction for 2033 is an astounding $1 million.
Analysts at the firm shared their price projection for the flagship cryptocurrency on Friday. In a note to clients, the research firm said expectations for a surge in spot Bitcoin ETFs represents a bullish catalyst.
“We believe that the U.S regulated ETFs were the watershed moment for crypto that brought in structural demand from traditional pools of capital,” Bernstein’s Gautam Chhugani and Mahika Sapra, noted.
Since their trading debut in early January, spot Bitcoin ETFs have registered net inflows of more than $15 billion. According to the analysts, the global spot Bitcoin ETF market could grow to account for approximately 7% of BTC’s circulating supply by 2025.
🔸 BTC price to hit $1 million by 2033
The recent block reward halving that cut daily emission from around 900 bitcoins to 450 bitcoins is another factor, they noted, writing that an explosion in demand amid ongoing supply shock could propel BTC price to over $200k by mid-to-end of next year.
The analysts also expect spot Bitcoin ETFs to account for roughly 15% of the “digital gold’s” circulating supply by 2033. In this case, a rally in price in relation to marginal cost of production could mean a surge to over $1 million in the next eight years.
Gautam Chhugani and Mahika Sapra see Bitcoin at $500,000 by end of 2029 and over $1 million by 2033.
Bernstein also initiated coverage on the MicroStrategy stock, assigning an outperform rating with a price target of $2,890 by end of 2025.
MicroStrategy (MSTR) is an AI-powered cloud analytics firm that currently holds 214,400 bitcoins. The company has announced a $700 million convertible notes sale with proceeds set to buy more BTC.
$BTC #BTC #Bitcoin
🫣 2.5M Solana (SOL) Shifted By Anonymous Whales In Push for Price Rebound
According to Whale Alert, anonymous whales have transferred 2.5 million Solana (SOL) worth over $372 million. These transactions come during a bearish phase in the cryptocurrency market, with Solana experiencing a price and trading volume decline.
🔸 Solana Sees $372 Million in Whale Movements
Whale Alert, a blockchain transaction tracker, reported that 1,000,000 SOL, valued at approximately $147.85 million, was transferred from an unknown wallet to a new, unidentified crypto wallet. Soon after, another substantial transaction was recorded, involving 1,519,488 SOL valued at around $224.64 million. Both transactions were conducted between unknown crypto wallets, raising questions about the motives behind these large movements.
These significant transfers occur while Solana is grappling with market challenges. SOL price is trading at $147.73, reflecting a 1.95% decrease over the past 24 hours. Solana’s trading volume has sharply declined by 29.41%, indicating reduced market activity and investor interest.
🔸 SOL Price and Volume Drop Amid Transfers
The broader cryptocurrency market is experiencing a bearish trend, and Solana is not immune. The decline in trading volume suggests that traders and investors are adopting a cautious approach, likely due to market volatility and broader economic concerns. Substantial whale movements have triggered speculation within the crypto community. Large transactions can indicate various scenarios, such as institutional investors repositioning their assets, internal wallet restructures by large holders or preparatory moves for strategic investments or sales.
The precise reasons behind these whale transactions remain unclear. However, such significant movements often attract attention and speculation, providing potential insights into future market directions. Market participants closely monitor further developments to understand the possible impact on Solana and the broader crypto market.
$SOL #SOL #Solana
According to Whale Alert, anonymous whales have transferred 2.5 million Solana (SOL) worth over $372 million. These transactions come during a bearish phase in the cryptocurrency market, with Solana experiencing a price and trading volume decline.
🔸 Solana Sees $372 Million in Whale Movements
Whale Alert, a blockchain transaction tracker, reported that 1,000,000 SOL, valued at approximately $147.85 million, was transferred from an unknown wallet to a new, unidentified crypto wallet. Soon after, another substantial transaction was recorded, involving 1,519,488 SOL valued at around $224.64 million. Both transactions were conducted between unknown crypto wallets, raising questions about the motives behind these large movements.
These significant transfers occur while Solana is grappling with market challenges. SOL price is trading at $147.73, reflecting a 1.95% decrease over the past 24 hours. Solana’s trading volume has sharply declined by 29.41%, indicating reduced market activity and investor interest.
🔸 SOL Price and Volume Drop Amid Transfers
The broader cryptocurrency market is experiencing a bearish trend, and Solana is not immune. The decline in trading volume suggests that traders and investors are adopting a cautious approach, likely due to market volatility and broader economic concerns. Substantial whale movements have triggered speculation within the crypto community. Large transactions can indicate various scenarios, such as institutional investors repositioning their assets, internal wallet restructures by large holders or preparatory moves for strategic investments or sales.
The precise reasons behind these whale transactions remain unclear. However, such significant movements often attract attention and speculation, providing potential insights into future market directions. Market participants closely monitor further developments to understand the possible impact on Solana and the broader crypto market.
$SOL #SOL #Solana
💥 Unlocking Chainlink’s Potential: Is $17 the Next Target for LINK Price?
Chainlink (LINK) recently surged to $16.21 but faced volatility, currently hovering around $15.35.Technical indicators like NVT and MVRV ratios suggest LINK is undervalued, and favorable for investors.Historical data indicates LINK has the potential to rebound, with past rallies supporting a return to $17 or higher.
Chainlink (LINK) experienced an upward trend to $16.21 on Wednesday, June 12. Nonetheless, this upward movement was rather short-lived, whereby the price became volatile and eventually pulled back to be a bearish breakout. However, with these price fluctuations, there is still great interest in Chainlink’s token, where trading volume exceeds $367m within the last 24 hours.
At the time of writing the LINK price is approximately $15.35, therefore hereby revealing a weekly drop of 12.2%. These figures influenced the initial boost in the LINK prices by pointing to a lower Consumer Price Index (CPI).
This saw broader crypto market recovery and its components, such as LINK, get a boost. However, these gains were indeed temporary when BTC and other altcoins reduced the highs seen during the bull run. Despite this recent pullback, LINK has found the range and remains in a location where another impulse to the upside could be possible.
Technical analysis indicators like the Network Value to Transactions ratio and the Market Value to Realized Value ratio indicate that Chainlink could be trading at a discount which allows value investors to get into the coin at a good risk-to-reward ratio.
$LINK #LINK #Chainlink
Chainlink (LINK) recently surged to $16.21 but faced volatility, currently hovering around $15.35.Technical indicators like NVT and MVRV ratios suggest LINK is undervalued, and favorable for investors.Historical data indicates LINK has the potential to rebound, with past rallies supporting a return to $17 or higher.
Chainlink (LINK) experienced an upward trend to $16.21 on Wednesday, June 12. Nonetheless, this upward movement was rather short-lived, whereby the price became volatile and eventually pulled back to be a bearish breakout. However, with these price fluctuations, there is still great interest in Chainlink’s token, where trading volume exceeds $367m within the last 24 hours.
At the time of writing the LINK price is approximately $15.35, therefore hereby revealing a weekly drop of 12.2%. These figures influenced the initial boost in the LINK prices by pointing to a lower Consumer Price Index (CPI).
This saw broader crypto market recovery and its components, such as LINK, get a boost. However, these gains were indeed temporary when BTC and other altcoins reduced the highs seen during the bull run. Despite this recent pullback, LINK has found the range and remains in a location where another impulse to the upside could be possible.
Technical analysis indicators like the Network Value to Transactions ratio and the Market Value to Realized Value ratio indicate that Chainlink could be trading at a discount which allows value investors to get into the coin at a good risk-to-reward ratio.
$LINK #LINK #Chainlink
⭐️ VeChain Treasury Report for Q1 2024 Shows Strong Financial Position
According to the latest update from VeChain Official, VeChain’s treasury report for the first quarter of 2024 shows a strong financial position totaling $550,972,484.57. The report highlights VeChain’s significant financial growth and stability in the third and fourth quarters of the previous year. Treasury assets increased significantly from $264 million to more than $440 million, showing a strong upward trend.
The approval of the BTC ETF in the first quarter of 2024 has had a positive impact on the cryptocurrency market, with institutions and investors showing great interest in the future of blockchain technology. VeChain’s financial report, shared in a tweet by VeChain Official, highlights this trend with a strong balance of $550,972,484 at the end of the first quarter.
VeChain continues to lead the way in real-world blockchain implementation. The organization’s commitment to transparency since 2017 has included quarterly reports detailing its financial position. According to CoinMarketCap, the price of VET at the time of writing is $0.02953, reflecting a decline of 5.43% over the past day and 17.80% over the past week.
$VET #VET #VeChain
According to the latest update from VeChain Official, VeChain’s treasury report for the first quarter of 2024 shows a strong financial position totaling $550,972,484.57. The report highlights VeChain’s significant financial growth and stability in the third and fourth quarters of the previous year. Treasury assets increased significantly from $264 million to more than $440 million, showing a strong upward trend.
The approval of the BTC ETF in the first quarter of 2024 has had a positive impact on the cryptocurrency market, with institutions and investors showing great interest in the future of blockchain technology. VeChain’s financial report, shared in a tweet by VeChain Official, highlights this trend with a strong balance of $550,972,484 at the end of the first quarter.
VeChain continues to lead the way in real-world blockchain implementation. The organization’s commitment to transparency since 2017 has included quarterly reports detailing its financial position. According to CoinMarketCap, the price of VET at the time of writing is $0.02953, reflecting a decline of 5.43% over the past day and 17.80% over the past week.
$VET #VET #VeChain
🔥 298,000 Ethereum (ETH) in 24 Hours, What's Happening?
There is a growing demand for Ethereum (ETH) on centralized trading platforms as the approval of spot ETF is driving bullish sentiments. According to CryptoQuant’s Head of Research Julio Moreno, Ethereum demand has spiked significantly.
🔸 Ethereum Buying Breaks Major Record
As Moreno pointed out, Ethereum buying by permanent holders marked the second highest on record on June 13 with a total of 298,000 ETH acquired.
Ethereum as a digital currency is not new to intense buying activity overall. Besides this recent spike in buying activity, Ethereum’s highest buying date ever came last September 11 when a total of 317,000 ETH were acquired in 24 hours.
🔸 Ethereum demand has spiked.
💬 Buying by permanent holders was the second highest on record yesterday: 298K ETH.
The record daily buying was last September 11: 317K ETH. — Julio Moreno
The explanation for this increased buying momentum is not far-fetched. Prior to the entry of institutional capital that might showcase a high affinity for spot Ethereum ETF, most retail buyers are taking positions as needed. This is a major coping mechanism for the intense liquidity war that might be activated very soon.
The ongoing accumulation will grant current holders a major headstart should the price of Ethereum make a push toward new highs. One intriguing trend as seen in Ethereum is the price slump over the past week.
The coin is down by 7.60% over the trailing 7-day period and the June 13 accumulation comes at a time when the coin flashed a major discount. The accumulation has sparked a mild trend reversal, jumping by 0.6% at the time of writing to $3,519.20.
🔸 What To Watch Out For In Ethereum
Besides the numerous upgrades the Ethereum protocol has welcomed in the past year, the most important event to watch out for is the approval of S-1 registrations for the spot Ethereum ETF product.
$ETH #ETH #Ethereum
There is a growing demand for Ethereum (ETH) on centralized trading platforms as the approval of spot ETF is driving bullish sentiments. According to CryptoQuant’s Head of Research Julio Moreno, Ethereum demand has spiked significantly.
🔸 Ethereum Buying Breaks Major Record
As Moreno pointed out, Ethereum buying by permanent holders marked the second highest on record on June 13 with a total of 298,000 ETH acquired.
Ethereum as a digital currency is not new to intense buying activity overall. Besides this recent spike in buying activity, Ethereum’s highest buying date ever came last September 11 when a total of 317,000 ETH were acquired in 24 hours.
🔸 Ethereum demand has spiked.
💬 Buying by permanent holders was the second highest on record yesterday: 298K ETH.
The record daily buying was last September 11: 317K ETH. — Julio Moreno
The explanation for this increased buying momentum is not far-fetched. Prior to the entry of institutional capital that might showcase a high affinity for spot Ethereum ETF, most retail buyers are taking positions as needed. This is a major coping mechanism for the intense liquidity war that might be activated very soon.
The ongoing accumulation will grant current holders a major headstart should the price of Ethereum make a push toward new highs. One intriguing trend as seen in Ethereum is the price slump over the past week.
The coin is down by 7.60% over the trailing 7-day period and the June 13 accumulation comes at a time when the coin flashed a major discount. The accumulation has sparked a mild trend reversal, jumping by 0.6% at the time of writing to $3,519.20.
🔸 What To Watch Out For In Ethereum
Besides the numerous upgrades the Ethereum protocol has welcomed in the past year, the most important event to watch out for is the approval of S-1 registrations for the spot Ethereum ETF product.
$ETH #ETH #Ethereum
🤔 Arkham (ARKM) Touches Key Support Zone as Analyst Predicts Potential Bullish Reversal
● Arkham's key support zone between $1.80 and $2.00 indicates strong buyer interest and potential for rebound.
● Breaking $2.50 resistance is crucial for ARKM's upward momentum and possible bullish trend continuation.
● A breakout above $3.00 could lead to retesting previous highs around $4.00, signaling significant upward movement.
Arkham (ARKM) has recently touched its key support zone as highlighted by Crypto Aman, an analyst, signaling potential movement in the ARKM/USDT pair. Analyzing the weekly chart shows promising signs for Arkham, hinting at a potential bullish trend.
The recent price movement has been intriguing, especially with the live price today at $2.08 and an impressive 24-hour trading volume of $64 million. Over the past 24 hours, Arkham has plummeted by 7.58%.
$ARKM #ARKM #Arkham
● Arkham's key support zone between $1.80 and $2.00 indicates strong buyer interest and potential for rebound.
● Breaking $2.50 resistance is crucial for ARKM's upward momentum and possible bullish trend continuation.
● A breakout above $3.00 could lead to retesting previous highs around $4.00, signaling significant upward movement.
Arkham (ARKM) has recently touched its key support zone as highlighted by Crypto Aman, an analyst, signaling potential movement in the ARKM/USDT pair. Analyzing the weekly chart shows promising signs for Arkham, hinting at a potential bullish trend.
The recent price movement has been intriguing, especially with the live price today at $2.08 and an impressive 24-hour trading volume of $64 million. Over the past 24 hours, Arkham has plummeted by 7.58%.
$ARKM #ARKM #Arkham
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How $DogWifCat on Base Reinvents the Meme Coin Meta
DogWifCat on Base is transforming the meme coin landscape by combining rich storytelling, active community engagement, and a dedication to charity. Launched on May 25, 2024, on the Base blockchain, it features Buddy the golden retriever and Mochi the blue-furred cat, who embody the core values of friendship and unity.
The New Meme Coin Meta
DogWifCat introduces the LARP (Live Action Role-Playing) meta, a concept that surpasses traditional meme coin phenomena. This approach focuses on continuous storytelling and evolving community-driven narratives, ensuring sustained engagement and investment appeal. Unlike static memes that quickly lose novelty, the LARP meta thrives on creativity and adaptability, providing a fertile ground for ongoing interest and growth.
Innovative Concepts
1. Contributors’ Creativity: DogWifCat allows contributors to design Buddy and Mochi in any style, provided they symbolize friendship and unity. This flexibility encourages artistic expression and community involvement.
2. Charity Commitment: A significant portion of profits, specifically 30%, is dedicated to animal welfare charities and shelters. This commitment aligns with the project's values and enhances its social impact, making it not just a financial venture but a force for good.
First NFTs
On June 12, 2024, DogWifCat launched its first NFTs featuring early designs of Buddy and Mochi. These NFTs serve as digital collectibles, commemorating the project's origins and core values. They are part of an exclusive collection that celebrates the whimsical beginnings of Buddy and Mochi’s adventures.
Community Building
DogWifCat emphasizes building a diverse and inclusive community. By engaging with audiences on various platforms such as Nostr and Bluesky, DogWifCat fosters a vibrant community where members can share, interact, and participate in the project's growth. The project's social media presence and interactive campaigns ensure continuous connection with the audience.
Marketing and Engagement
The project employs a robust marketing strategy that includes storytelling, influencer partnerships, and interactive content to engage users. Regular online events, AMAs, and contests keep the community engaged and informed. Additionally, DogWifCat leverages user-generated content to build a sense of ownership and involvement among its community members.
Future Plans
Looking ahead, DogWifCat has ambitious plans to expand its offerings and enhance its community engagement. Future initiatives include:
- Expanding NFT Releases: More NFT drops featuring unique and limited-edition designs.
- Community Events: Hosting more interactive and engaging community events to foster a strong bond among members.
- Innovative Collaborations: Exploring partnerships with other projects and influencers to broaden the reach and impact of DogWifCat.
- Enhanced Features: Continuously improving the project based on community feedback and technological advancements.
- Design Competitions: Organizing design competitions where contributors can create their versions of Buddy and Mochi, promoting creativity and engagement within the community.
- Merchandise Expansion: Evolving into a brand and offering a variety of merchandise celebrating the project's themes and characters.
Slogans
DogWifCat is driven by the spirit encapsulated in our slogans:
- "Let's be frens!"
- "$DogWifCat: A Meme Coin with a Purpose"
- ”$DogWifCat; Invest in Friendship!”
Conclusion
DogWifCat on Base is not just another meme coin; it represents a new paradigm in the crypto world where community, creativity, and charity intersect. By fostering a strong, engaged community and committing to meaningful causes, DogWifCat is setting a new standard in the meme coin meta.
- Website: https://dogwifcat.life
- Telegram: https://t.me/dogwifcatonbase
- Nostr: https://nostrplebs.com/s/dogwifcat
- Bluesky: https://bsky.app/profile/dogwifcat.bsky.social
- Twitter: https://twitter.com/DogWifCat_Based
#BinanceTournament #TopCoinsJune2024 #bitcoin #altcoin #meme
The New Meme Coin Meta
DogWifCat introduces the LARP (Live Action Role-Playing) meta, a concept that surpasses traditional meme coin phenomena. This approach focuses on continuous storytelling and evolving community-driven narratives, ensuring sustained engagement and investment appeal. Unlike static memes that quickly lose novelty, the LARP meta thrives on creativity and adaptability, providing a fertile ground for ongoing interest and growth.
Innovative Concepts
1. Contributors’ Creativity: DogWifCat allows contributors to design Buddy and Mochi in any style, provided they symbolize friendship and unity. This flexibility encourages artistic expression and community involvement.
2. Charity Commitment: A significant portion of profits, specifically 30%, is dedicated to animal welfare charities and shelters. This commitment aligns with the project's values and enhances its social impact, making it not just a financial venture but a force for good.
First NFTs
On June 12, 2024, DogWifCat launched its first NFTs featuring early designs of Buddy and Mochi. These NFTs serve as digital collectibles, commemorating the project's origins and core values. They are part of an exclusive collection that celebrates the whimsical beginnings of Buddy and Mochi’s adventures.
Community Building
DogWifCat emphasizes building a diverse and inclusive community. By engaging with audiences on various platforms such as Nostr and Bluesky, DogWifCat fosters a vibrant community where members can share, interact, and participate in the project's growth. The project's social media presence and interactive campaigns ensure continuous connection with the audience.
Marketing and Engagement
The project employs a robust marketing strategy that includes storytelling, influencer partnerships, and interactive content to engage users. Regular online events, AMAs, and contests keep the community engaged and informed. Additionally, DogWifCat leverages user-generated content to build a sense of ownership and involvement among its community members.
Future Plans
Looking ahead, DogWifCat has ambitious plans to expand its offerings and enhance its community engagement. Future initiatives include:
- Expanding NFT Releases: More NFT drops featuring unique and limited-edition designs.
- Community Events: Hosting more interactive and engaging community events to foster a strong bond among members.
- Innovative Collaborations: Exploring partnerships with other projects and influencers to broaden the reach and impact of DogWifCat.
- Enhanced Features: Continuously improving the project based on community feedback and technological advancements.
- Design Competitions: Organizing design competitions where contributors can create their versions of Buddy and Mochi, promoting creativity and engagement within the community.
- Merchandise Expansion: Evolving into a brand and offering a variety of merchandise celebrating the project's themes and characters.
Slogans
DogWifCat is driven by the spirit encapsulated in our slogans:
- "Let's be frens!"
- "$DogWifCat: A Meme Coin with a Purpose"
- ”$DogWifCat; Invest in Friendship!”
Conclusion
DogWifCat on Base is not just another meme coin; it represents a new paradigm in the crypto world where community, creativity, and charity intersect. By fostering a strong, engaged community and committing to meaningful causes, DogWifCat is setting a new standard in the meme coin meta.
- Website: https://dogwifcat.life
- Telegram: https://t.me/dogwifcatonbase
- Nostr: https://nostrplebs.com/s/dogwifcat
- Bluesky: https://bsky.app/profile/dogwifcat.bsky.social
- Twitter: https://twitter.com/DogWifCat_Based
#BinanceTournament #TopCoinsJune2024 #bitcoin #altcoin #meme
The compression of the spring on Bitcoin has reached its maximum, this has happened only once in its history in 2012 at a rate of $5 👀
Yesterday, only BlackRock bought BTC for its ETF and only for $18 million. The rest of the funds sold, the total outflow amounted to $226 million 🌡
Analyst Willy Woo found the reason for the protracted consolidation of the crypto market: there will be no growth while BTC has such a high level of open interest on futures 🫡
$BTC #BTC #Bitcoin
Yesterday, only BlackRock bought BTC for its ETF and only for $18 million. The rest of the funds sold, the total outflow amounted to $226 million 🌡
Analyst Willy Woo found the reason for the protracted consolidation of the crypto market: there will be no growth while BTC has such a high level of open interest on futures 🫡
$BTC #BTC #Bitcoin
🚀 Analyst Predicts 35% Jump For Bitcoin In Next Step Of ‘Magic Bands’
Bitcoin miners are reselling their holdings as BTC struggles to maintain the $70,000 level. Data from CryptoQuant shows that BTC flows from miners' wallets to exchanges reached a two-month high last weekend, a sell sign.
“Miners were competing for 900 BTC per day less than two months ago, but now they are competing for 450 BTC per day across the network,” said HC Wainwright analyst Mike Colonnese. “The mining economy is down 45% from pre-halving levels, so market “We're not surprised to see some of that sales force.”
CryptoQuant data shows that hourly BTC transfers from miners to exchanges reached over 3,000 Bitcoins on June 9. The next day, miners sold 1,200 BTC in the over-the-counter markets.
Bitcoin price dropped to around $66,000 on June 13. BTC price has struggled to surpass the $70,000 level since breaking its record high of $73,797.68 on March 14.
“The sell-off occurred in the context of lower revenues following the halving,” said Julio Moreno, research manager at CryptoQuant. He added that daily BTC miner revenues are around $35 million today, down 55% from the 2024 peak reached in March.
The Bitcoin network's total daily transaction fees are more than 44% lower than before the halving. Despite record levels of transactions on the network, the median transaction fee remained low. The hash rate of the Bitcoin network has barely dropped since the halving on April 19, indicating that the same amount of computing power is competing for a decreasing amount of block rewards, putting additional pressure on miners' profitability.
Colonnese said major publicly traded miners are doing well after the halving. His top companies are CleanSpark and Iren, formerly Iris Energy: “We estimate that the group currently produces over 50% gross margin on $70,000 worth of BTC, while the entire cash cost of producing one Bitcoin for the group averages $45,000.”
$BTC #BTC
Bitcoin miners are reselling their holdings as BTC struggles to maintain the $70,000 level. Data from CryptoQuant shows that BTC flows from miners' wallets to exchanges reached a two-month high last weekend, a sell sign.
“Miners were competing for 900 BTC per day less than two months ago, but now they are competing for 450 BTC per day across the network,” said HC Wainwright analyst Mike Colonnese. “The mining economy is down 45% from pre-halving levels, so market “We're not surprised to see some of that sales force.”
CryptoQuant data shows that hourly BTC transfers from miners to exchanges reached over 3,000 Bitcoins on June 9. The next day, miners sold 1,200 BTC in the over-the-counter markets.
Bitcoin price dropped to around $66,000 on June 13. BTC price has struggled to surpass the $70,000 level since breaking its record high of $73,797.68 on March 14.
“The sell-off occurred in the context of lower revenues following the halving,” said Julio Moreno, research manager at CryptoQuant. He added that daily BTC miner revenues are around $35 million today, down 55% from the 2024 peak reached in March.
The Bitcoin network's total daily transaction fees are more than 44% lower than before the halving. Despite record levels of transactions on the network, the median transaction fee remained low. The hash rate of the Bitcoin network has barely dropped since the halving on April 19, indicating that the same amount of computing power is competing for a decreasing amount of block rewards, putting additional pressure on miners' profitability.
Colonnese said major publicly traded miners are doing well after the halving. His top companies are CleanSpark and Iren, formerly Iris Energy: “We estimate that the group currently produces over 50% gross margin on $70,000 worth of BTC, while the entire cash cost of producing one Bitcoin for the group averages $45,000.”
$BTC #BTC
📣 Analyst Predicts Major XRP Surge if Bitcoin Breaks Key Moving Average
A potential bullish signal for XRP could emerge if Bitcoin surpasses a key moving average, reminiscent of its 2021 performance.The analyst’s identification of a bullish divergence on the four-hour XRP chart prompted a cautious entry into a small long position.Bitcoin’s price movement above $1.97 is seen as pivotal for XRP, potentially signaling a path toward a new all-time high.
According to a crypto analysis, if Bitcoin breaks above a crucial moving average, mirroring its 2021 performance, it might indicate the right time to aggressively accumulate XRP.
In a recent video, the crypto expert identifies a bullish divergence on the four-hour chart, prompting him to enter a small long position on XRP. While this setup does not guarantee a market bottom, it offers traders an opportunity to profit from short-term price movements.
He emphasizes the need for additional confirmation to validate a major trend reversal. Key factors include a bullish divergence on the daily chart and a clear five-wave pattern in the price action. Without these confirmations, the analyst remains cautious about declaring the end of the current correction.
For those looking at the short-term trading opportunity, the strategist outlines a detailed trade setup. He advises placing a stop loss at $0.478, representing a minimal risk of around 2.19%. The target for this trade is set at $0.5166, offering a potential gain of approximately 7%. This strategy aims to capture a possible A-B-C corrective wave before a final downward movement.
Furthermore, the crypto analyst discusses the broader influence of Bitcoin’s price action on XRP’s trajectory. He notes that a breakout above the $1.97 high could signal a potential new all-time high for XRP. Examining the larger price structure, he identifies a five-wave move up followed by a zigzag-like corrective pattern, which may form a flag pattern akin to a previous correction phase.
#XRP #Ripplte
A potential bullish signal for XRP could emerge if Bitcoin surpasses a key moving average, reminiscent of its 2021 performance.The analyst’s identification of a bullish divergence on the four-hour XRP chart prompted a cautious entry into a small long position.Bitcoin’s price movement above $1.97 is seen as pivotal for XRP, potentially signaling a path toward a new all-time high.
According to a crypto analysis, if Bitcoin breaks above a crucial moving average, mirroring its 2021 performance, it might indicate the right time to aggressively accumulate XRP.
In a recent video, the crypto expert identifies a bullish divergence on the four-hour chart, prompting him to enter a small long position on XRP. While this setup does not guarantee a market bottom, it offers traders an opportunity to profit from short-term price movements.
He emphasizes the need for additional confirmation to validate a major trend reversal. Key factors include a bullish divergence on the daily chart and a clear five-wave pattern in the price action. Without these confirmations, the analyst remains cautious about declaring the end of the current correction.
For those looking at the short-term trading opportunity, the strategist outlines a detailed trade setup. He advises placing a stop loss at $0.478, representing a minimal risk of around 2.19%. The target for this trade is set at $0.5166, offering a potential gain of approximately 7%. This strategy aims to capture a possible A-B-C corrective wave before a final downward movement.
Furthermore, the crypto analyst discusses the broader influence of Bitcoin’s price action on XRP’s trajectory. He notes that a breakout above the $1.97 high could signal a potential new all-time high for XRP. Examining the larger price structure, he identifies a five-wave move up followed by a zigzag-like corrective pattern, which may form a flag pattern akin to a previous correction phase.
#XRP #Ripplte
⭐️ Toncoin Set to Surge 40%: Analyst Predicts Major Price Breakout
Toncoin surged to $7.78, a new high, driven by increased network activity and market demand.Analysts predict a 40% potential breakout for Toncoin, with a target price of $11 in sight.Toncoin’s growth is supported by a surge in daily active users, surpassing Ethereum.
Analyst predictions are hinting at a significant potential surge for Toncoin, with expectations set on a 40% breakout in the near future. This optimism follows a recent price milestone where Toncoin briefly hit $7.78, showcasing its resilience despite initial declines shortly thereafter.
Market observers attribute this surge to heightened network activity driven by increased daily active users. Notably, Toncoin has seen a surge in wallet creations, now totaling 8 million, pointing to growing investor interest and demand. This influx of users has been bolstered by Telegram’s expansive user base of 900 million, significantly boosting Toncoin’s network activity and market liquidity.
The surge in Toncoin’s price is also supported by recent macroeconomic factors, including data from the Consumer Price Index (CPI), which has positively influenced the broader cryptocurrency market sentiment. Despite initial bearish trends in the crypto market, Toncoin’s recovery has been notable, reflecting investor confidence amidst stable Federal Reserve interest rates.
Technical analyses further bolster the bullish outlook for Toncoin, with various indicators suggesting a strong buy zone. Both the RSI and MACD levels indicate favorable conditions for continued price appreciation. Analysts like Ali Martinez have pointed out potential brief dips in price, expected to serve as liquidity-gathering opportunities before potential upward movements.
#Toncoin is gearing up for a potential 40% breakout, aiming for $11! However, the TD Sequential indicator suggests $TON might briefly dip to $7.2 to gather liquidity before the upswing. — Ali
#TON
Toncoin surged to $7.78, a new high, driven by increased network activity and market demand.Analysts predict a 40% potential breakout for Toncoin, with a target price of $11 in sight.Toncoin’s growth is supported by a surge in daily active users, surpassing Ethereum.
Analyst predictions are hinting at a significant potential surge for Toncoin, with expectations set on a 40% breakout in the near future. This optimism follows a recent price milestone where Toncoin briefly hit $7.78, showcasing its resilience despite initial declines shortly thereafter.
Market observers attribute this surge to heightened network activity driven by increased daily active users. Notably, Toncoin has seen a surge in wallet creations, now totaling 8 million, pointing to growing investor interest and demand. This influx of users has been bolstered by Telegram’s expansive user base of 900 million, significantly boosting Toncoin’s network activity and market liquidity.
The surge in Toncoin’s price is also supported by recent macroeconomic factors, including data from the Consumer Price Index (CPI), which has positively influenced the broader cryptocurrency market sentiment. Despite initial bearish trends in the crypto market, Toncoin’s recovery has been notable, reflecting investor confidence amidst stable Federal Reserve interest rates.
Technical analyses further bolster the bullish outlook for Toncoin, with various indicators suggesting a strong buy zone. Both the RSI and MACD levels indicate favorable conditions for continued price appreciation. Analysts like Ali Martinez have pointed out potential brief dips in price, expected to serve as liquidity-gathering opportunities before potential upward movements.
#Toncoin is gearing up for a potential 40% breakout, aiming for $11! However, the TD Sequential indicator suggests $TON might briefly dip to $7.2 to gather liquidity before the upswing. — Ali
#TON
🤔 Cardano (ADA) Skyrockets 29% in Volume Amid Crypto Bloodbath
In the last 24 hours, Cardano (ADA) saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass. This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market. According to CoinMarketCap, Cardano spot trading volume on exchanges totaled $466 million, bringing the total trading volume to nearly $1 billion.
The trend toward futures trading suggests the more speculative nature of trading over long-term investment. The modest change in spot market activity supports this trend, indicating that traders were more focused on futures trading for potential short-term gains.
While traders were actively trading ADA futures, the crypto market was in a real storm. In the past 24 hours, positions worth almost a quarter of a billion dollars were liquidated. According to CoinGlass data, it was the bulls, who were mostly "undermined" by market movements during this period, with 66% of liquidations taking place on long positions
As always, Bitcoin and Ethereum became leaders in eliminating the deposits of especially greedy traders. As for Cardano, ADA, to a lesser extent, became an instrument with a large volume of liquidations. However, according to the data, of the $400,000 in liquidated positions, $350,000, or 87.5%, went to bulls.
The increase in ADA derivatives trading volume amid general market chaos highlights its role in speculative trading strategies. While the overall crypto market faced challenges, Cardano futures' market activity surged, highlighting the continued interest in ADA during periods of uncertainty.
$ADA #ADA #Cardano
In the last 24 hours, Cardano (ADA) saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass. This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market. According to CoinMarketCap, Cardano spot trading volume on exchanges totaled $466 million, bringing the total trading volume to nearly $1 billion.
The trend toward futures trading suggests the more speculative nature of trading over long-term investment. The modest change in spot market activity supports this trend, indicating that traders were more focused on futures trading for potential short-term gains.
While traders were actively trading ADA futures, the crypto market was in a real storm. In the past 24 hours, positions worth almost a quarter of a billion dollars were liquidated. According to CoinGlass data, it was the bulls, who were mostly "undermined" by market movements during this period, with 66% of liquidations taking place on long positions
As always, Bitcoin and Ethereum became leaders in eliminating the deposits of especially greedy traders. As for Cardano, ADA, to a lesser extent, became an instrument with a large volume of liquidations. However, according to the data, of the $400,000 in liquidated positions, $350,000, or 87.5%, went to bulls.
The increase in ADA derivatives trading volume amid general market chaos highlights its role in speculative trading strategies. While the overall crypto market faced challenges, Cardano futures' market activity surged, highlighting the continued interest in ADA during periods of uncertainty.
$ADA #ADA #Cardano
🐋 Dogecoin (DOGE) Price Could Witness a Rally as Whales Accumulate
Dogecoin (DOGE) is looking to recover some of the losses the investors witnessed over the last few days.
The whales could likely be driving the rally owing to their accumulation, motivating retail investors to do the same.
🔸 Dogecoin Whales Are a Step Ahead
Dogecoin’s price could likely witness the impact of whale investors’ recent move. The addresses holding between 10 million and 100 million DOGE have added a little over 900 million DOGE in the span of a week.
This $129 million worth of supply has brought up their supply to 18.09 billion DOGE. Given right after their accumulation, the price dropped down this week, there are two likely outcomes. Either the whales are preempting the rally, or they are facing losses.
This is clarified by the Market Value to Realized Value (MVRV) ratio, which actually favors the whales. The MVRV ratio measures investor gains and losses. Dogecoin’s 30-day MVRV of -7.4% indicates profitability, potentially leading to accumulation.
Historically, DOGE tends to recover as MVRV between -5% and -13% often precedes rallies. This results in this area being identified as an accumulation opportunity zone.
🔸 DOGE Price Prediction: Recovery Ahead
Dogecoin’s price could likely begin recovering in the coming days, provided it can secure $0.15 as a support floor again. The meme coin fell through this level this week after also failing to close above $0.16.
Should DOGE successfully close above $0.15, it could witness a jump to $0.17 on the back of whale accumulation. As a result, the losses observed since the end of May will be recovered.
However, if Dogecoin’s price fails to reclaim $0.15 as a support level and instead drops to $0.14, the bullish thesis would be invalidated. Consequently, the meme coin could drop to $0.12.
$DOGE #DOGE #Dogecoin
Dogecoin (DOGE) is looking to recover some of the losses the investors witnessed over the last few days.
The whales could likely be driving the rally owing to their accumulation, motivating retail investors to do the same.
🔸 Dogecoin Whales Are a Step Ahead
Dogecoin’s price could likely witness the impact of whale investors’ recent move. The addresses holding between 10 million and 100 million DOGE have added a little over 900 million DOGE in the span of a week.
This $129 million worth of supply has brought up their supply to 18.09 billion DOGE. Given right after their accumulation, the price dropped down this week, there are two likely outcomes. Either the whales are preempting the rally, or they are facing losses.
This is clarified by the Market Value to Realized Value (MVRV) ratio, which actually favors the whales. The MVRV ratio measures investor gains and losses. Dogecoin’s 30-day MVRV of -7.4% indicates profitability, potentially leading to accumulation.
Historically, DOGE tends to recover as MVRV between -5% and -13% often precedes rallies. This results in this area being identified as an accumulation opportunity zone.
🔸 DOGE Price Prediction: Recovery Ahead
Dogecoin’s price could likely begin recovering in the coming days, provided it can secure $0.15 as a support floor again. The meme coin fell through this level this week after also failing to close above $0.16.
Should DOGE successfully close above $0.15, it could witness a jump to $0.17 on the back of whale accumulation. As a result, the losses observed since the end of May will be recovered.
However, if Dogecoin’s price fails to reclaim $0.15 as a support level and instead drops to $0.14, the bullish thesis would be invalidated. Consequently, the meme coin could drop to $0.12.
$DOGE #DOGE #Dogecoin
🔥 Good news for Ethereum Investors from SEC Chairman Gary Gensler: He Set a Date for the Final Approval of Spot ETH ETFs!
Speaking before the Senate Appropriations Committee, SEC Chairman Gary Gensler said he anticipates S-1s for spot Ethereum ETFs will be approved by the end of the summer.
Fox correspondent Eleanor Terrett shared details of the Ethereum ETF conversation between SEC Chairman Gary Gensler and US Senator Bill Hagerty.
💬 Gensler said “throughout this summer,” while Hagerty said “by the end of the summer.”
“I would dream sometime during this summer…” Gensler said in response.
“If you're telling me these applications will be approved by the end of the summer, I appreciate that,” Hagerty said. said”
💬 Clarifying on details here: Gensler said “over the course of this summer” and Hagerty said “by the end of the summer.”
Gensler: “I would envision sometime over the course of this summer…”
Hagerty: “If you’re indicating to me that those applications will be approved by the end… — Eleanor Terrett
As it is known, in May, the SEC approved applications called 19b-4 for spot Ethereum ETFs. However, before Ethereum ETFs can begin trading, the SEC must also approve S-1 filings.
While market analysts thought that approval for S-1 applications for ETH ETFs would come in June and July, the SEC Chairman made a statement that was partially consistent with these predictions.
$ETH #ETH #ETF #Ethereum
Speaking before the Senate Appropriations Committee, SEC Chairman Gary Gensler said he anticipates S-1s for spot Ethereum ETFs will be approved by the end of the summer.
Fox correspondent Eleanor Terrett shared details of the Ethereum ETF conversation between SEC Chairman Gary Gensler and US Senator Bill Hagerty.
💬 Gensler said “throughout this summer,” while Hagerty said “by the end of the summer.”
“I would dream sometime during this summer…” Gensler said in response.
“If you're telling me these applications will be approved by the end of the summer, I appreciate that,” Hagerty said. said”
💬 Clarifying on details here: Gensler said “over the course of this summer” and Hagerty said “by the end of the summer.”
Gensler: “I would envision sometime over the course of this summer…”
Hagerty: “If you’re indicating to me that those applications will be approved by the end… — Eleanor Terrett
As it is known, in May, the SEC approved applications called 19b-4 for spot Ethereum ETFs. However, before Ethereum ETFs can begin trading, the SEC must also approve S-1 filings.
While market analysts thought that approval for S-1 applications for ETH ETFs would come in June and July, the SEC Chairman made a statement that was partially consistent with these predictions.
$ETH #ETH #ETF #Ethereum
🟠 Crypto Trader Predicts SHIB Rally, Buys the Dip
Rafaela Rigo, a well-known crypto trader on X, has revealed her continued accumulation of Shiba Inu (SHIB) tokens, citing technical analysis that suggests a potential price rally. Rigo referenced an earlier post about the memecoin, suggesting its price was poised to rally.
💬 Bought more $SHIB - Rafaela Rigo
On March 31, Rigo shared a SHIB/USD monthly chart that suggested the memecoin had found support and was positioning itself for a significant rally. The chart showed how SHIB’s bearish movement continuously lost momentum after a full retracement that saw the memecoin reach a low point. The price action also indicated a potential return of SHIB bulls, with a classic bullish candle pattern that suggested inherent upward momentum.
Meanwhile, not much has changed two weeks after Rigo’s initial post. SHIB’s price setup remains the same, with the price experiencing a slight pullback. SHIB dropped from $0.000026 to $0.000022, returning to the support region earlier identified by Rigo.
Typically, experienced crypto traders consider pullbacks as opportunities to increase their holdings by accumulating more of the traded tokens. They believe it means a chance to buy the coins at cheaper prices, creating room for more profitable trades. Most of them do so when confident in their trend predictions, as seen through Rigo’s actions.
SHIB surged over 378% between February and March this year after nearly two years of insignificant price movements. The flagship altcoin succumbed to market pressure in March and lost 60% of its value after the surge. The March slump pushed SHIB’s price down toward the 0.618 Fibonacci retracement level.
Rigo expects SHIB to regain its bullish momentum and rally toward the $0.00004988 region. That would see the memecoin return to its 2024 high and open the way for more upside movement. If the rally continues, SHIB could reach significant levels of the last bull run, potentially catching up with the previous all-time high (ATH) of $0.0009.
#SHIB #Shibainu
Rafaela Rigo, a well-known crypto trader on X, has revealed her continued accumulation of Shiba Inu (SHIB) tokens, citing technical analysis that suggests a potential price rally. Rigo referenced an earlier post about the memecoin, suggesting its price was poised to rally.
💬 Bought more $SHIB - Rafaela Rigo
On March 31, Rigo shared a SHIB/USD monthly chart that suggested the memecoin had found support and was positioning itself for a significant rally. The chart showed how SHIB’s bearish movement continuously lost momentum after a full retracement that saw the memecoin reach a low point. The price action also indicated a potential return of SHIB bulls, with a classic bullish candle pattern that suggested inherent upward momentum.
Meanwhile, not much has changed two weeks after Rigo’s initial post. SHIB’s price setup remains the same, with the price experiencing a slight pullback. SHIB dropped from $0.000026 to $0.000022, returning to the support region earlier identified by Rigo.
Typically, experienced crypto traders consider pullbacks as opportunities to increase their holdings by accumulating more of the traded tokens. They believe it means a chance to buy the coins at cheaper prices, creating room for more profitable trades. Most of them do so when confident in their trend predictions, as seen through Rigo’s actions.
SHIB surged over 378% between February and March this year after nearly two years of insignificant price movements. The flagship altcoin succumbed to market pressure in March and lost 60% of its value after the surge. The March slump pushed SHIB’s price down toward the 0.618 Fibonacci retracement level.
Rigo expects SHIB to regain its bullish momentum and rally toward the $0.00004988 region. That would see the memecoin return to its 2024 high and open the way for more upside movement. If the rally continues, SHIB could reach significant levels of the last bull run, potentially catching up with the previous all-time high (ATH) of $0.0009.
#SHIB #Shibainu
⚠️ Terraform Labs to Dissolve After SEC Settlement, CEO Announces
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve.
🔸 Terraform Labs Set to Close Doors Post-SEC Settlement
Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the SEC. CEO Chris Amani released the statement on the social media platform X. With the settlement complete, Amani noted he could now discuss the future of Terraform Labs (TFL).
“TFL always intended to dissolve at some point and that point is now. We will be winding down operations completely,” Amani stated. “Special thanks to the lunatics who supported us through this process and thanks to the TFL team. I’m incredibly proud that we were able to hold this company and ecosystem together and continue to build innovative products through all of this.”
The TFL leader added:
💬 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.
Meanwhile, the Terra ecosystem persists to an extent, supported by several decentralized applications and its tokens. However, the cryptocurrency tokens originating from the Terra blockchain have declined in value significantly. LUNA 2.0, the replacement for LUNA, has plummeted by 97%. In the decentralized finance (defi) arena, Terra defi protocols currently secure a mere $5.37 million in value locked, placing the chain at the 107th position among the leading blockchains by value locked.
$LUNA $LUNC #TERRA #LUNC #LUNA
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve.
🔸 Terraform Labs Set to Close Doors Post-SEC Settlement
Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the SEC. CEO Chris Amani released the statement on the social media platform X. With the settlement complete, Amani noted he could now discuss the future of Terraform Labs (TFL).
“TFL always intended to dissolve at some point and that point is now. We will be winding down operations completely,” Amani stated. “Special thanks to the lunatics who supported us through this process and thanks to the TFL team. I’m incredibly proud that we were able to hold this company and ecosystem together and continue to build innovative products through all of this.”
The TFL leader added:
💬 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.
Meanwhile, the Terra ecosystem persists to an extent, supported by several decentralized applications and its tokens. However, the cryptocurrency tokens originating from the Terra blockchain have declined in value significantly. LUNA 2.0, the replacement for LUNA, has plummeted by 97%. In the decentralized finance (defi) arena, Terra defi protocols currently secure a mere $5.37 million in value locked, placing the chain at the 107th position among the leading blockchains by value locked.
$LUNA $LUNC #TERRA #LUNC #LUNA
💥 Solana (SOL) Price Struggles to Break $155 Resistance Amid Volatility
Solana’s (SOL) price recorded a minimal increase in the past 24 hours with a spike in daily trading volume.Traders’ attention over SOL rose as the Solana-based celebrity memecoin frenzy revived in recent days.
Bitcoin and Ethereum have shown brief upsurges in price, fueled by the US CPI data release. Other altcoins have begun to show recovery after the past week’s price dip. Solana (SOL), has shown a daily increase in its price after its recent weekly dip.
Notably, the token’s market price increased by 0.35% in the past 24 hours. At the time of writing, SOL is trading at $152.10 with an increase of 11.01% in daily trading volume according to CMC data. Additionally, the token has shown increased market price volatility in the past week.
However, Solana’s market price is exhibiting struggles to break resistance at the $155 level over the past month. In the past week, the crypto asset’s price experienced a dip as the weekly decline stands at 11.82%. On Wednesday, it witnessed a brief bearish trend reaching a weekly low of $145.82. The bearish trend was taken over by a price recovery in the latter half of Wednesday.
Furthermore, Solana whales have shown modest movements in the past few days. On June 12, two significant whale movements were observed. It involved transactions of a total of 2 million SOL approximately between two pairs of different unknown wallets.
🔸 Is Solana Heading Toward a Price Recovery?
Zooming out over the month, Solana’s market price has increased by 2.86%, according to TradingView data. In the duration of the past 30 days, the token has broken resistance levels at $145 and $150 reaching its current trading price. During the middle of May, SOL’s market price stood around the range of $141.
The token’s moving average (21MA) stands at $164.15. With its current trading price ranking below the MA, the chart indicates SOL’s price to be bearish.
$SOL #SOL #Solana
Solana’s (SOL) price recorded a minimal increase in the past 24 hours with a spike in daily trading volume.Traders’ attention over SOL rose as the Solana-based celebrity memecoin frenzy revived in recent days.
Bitcoin and Ethereum have shown brief upsurges in price, fueled by the US CPI data release. Other altcoins have begun to show recovery after the past week’s price dip. Solana (SOL), has shown a daily increase in its price after its recent weekly dip.
Notably, the token’s market price increased by 0.35% in the past 24 hours. At the time of writing, SOL is trading at $152.10 with an increase of 11.01% in daily trading volume according to CMC data. Additionally, the token has shown increased market price volatility in the past week.
However, Solana’s market price is exhibiting struggles to break resistance at the $155 level over the past month. In the past week, the crypto asset’s price experienced a dip as the weekly decline stands at 11.82%. On Wednesday, it witnessed a brief bearish trend reaching a weekly low of $145.82. The bearish trend was taken over by a price recovery in the latter half of Wednesday.
Furthermore, Solana whales have shown modest movements in the past few days. On June 12, two significant whale movements were observed. It involved transactions of a total of 2 million SOL approximately between two pairs of different unknown wallets.
🔸 Is Solana Heading Toward a Price Recovery?
Zooming out over the month, Solana’s market price has increased by 2.86%, according to TradingView data. In the duration of the past 30 days, the token has broken resistance levels at $145 and $150 reaching its current trading price. During the middle of May, SOL’s market price stood around the range of $141.
The token’s moving average (21MA) stands at $164.15. With its current trading price ranking below the MA, the chart indicates SOL’s price to be bearish.
$SOL #SOL #Solana
