The original token of the crypto gaming project Gala Games plunged sharply on Monday amid concerns over a massive transfer of more than $200 million in GALA tokens that traders feared was a hack, and then recovered after the company said the security incident had been “under control and affected crypto wallets have been frozen.”
Chronology of Genesis

On Monday, an unknown party minted 5 billion Gala tokens and began selling them on decentralized exchange Uniswap , according to blockchain explorer. Gala Games representatives did not previously announce the activity or provide a brief explanation on the project's Discord server, prompting concerns that the mass printing and sales were a hack.
Eric Schiermeyer , CEO of Gala Games also known as Benefactor, said in a post on X that the company “identified the compromise and within 45 minutes we secured and removed unauthorized access to the $GALA contract.” “It is important to note that our ETH contracts for $GALA are secure and under the protection of multi-sig wallets. It was never compromised,” he wrote.
“It is important to note that our ETH contracts for $GALA are secure and under the protection of multi-sig wallets. It was never compromised.” Schiermeyer said the company had contacted the FBI, the US Department of Justice and “a network of international authorities.”
Impact and Recovery

GALA price plummeted as low as $0.039 afterward, down 19% from the day's high set more than an hour earlier. It has since recovered, and stabilized at $0.042, according to CoinGecko data.
Closing
This security incident is an important reminder of the importance of security in the world of cryptocurrency. Companies must take the necessary steps to protect their assets and their users from potential attacks.
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#GALA #GalaGames

Recently, the cryptocurrency Shiba Inu (SHIB) has garnered attention due to a significant increase in its burn rate, which measures how many tokens are permanently removed from circulation. SHIB, well-known as a meme coin, has sparked renewed interest in the crypto community with its latest developments.
As of Wednesday, May 22, the burn rate for SHIB surged by about 570%, as reported by Shibburn, a tracker monitoring SHIB token burns. This increase in burn rate has fostered optimism among investors and traders about the market’s prospects.
Shiba Inu (SHIB) Burn Rate Surge and Its Impact
The burn rate of Shiba Inu (SHIB) has recently surged, resulting in a notable decrease in the cryptocurrency’s circulating supply and potentially positive implications for its tokenomics going forward.
Shibburn reports a remarkable 569.50% increase in SHIB’s burn rate within the last twenty-four hours. During this period, community-driven transactions led to the burning of 12.70 million SHIB tokens.
Several wallet addresses played a significant role in driving this increase. For instance, address 0xa9d1 facilitated transactions totaling 4.6 million SHIB tokens, transferring them to a frozen wallet. Another address, identified as 0x608…, moved 1.01 million SHIB tokens to an abandoned wallet. Additionally, wallet address 0xc66… contributed by transferring 1.04 million SHIB tokens to a dead wallet.
These substantial transactions have significantly boosted Shiba Inu’s burn rate recently, contributing to discussions about its potential impact on the cryptocurrency’s market dynamics.
Impact of Increased Burn Rate on Shiba Inu (SHIB) and Market Sentiment
The recent surge in substantial transactions has significantly boosted the burn rate of Shiba Inu (SHIB). This increase in burn rate has led to a reduction in the cryptocurrency’s circulating supply, which is seen as a potential catalyst for increasing its value. Decreased supply, combined with stable or growing demand, typically supports price appreciation across various assets, including cryptocurrencies.
This development has infused optimism into the Shiba Inu community, sparking heightened interest among traders and investors who closely follow the meme coin’s progress. Additionally, SHIB has successfully surpassed a significant resistance level, marking new milestones in its market performance and further fueling positive sentiment among its supporters.
Current Status and Future Prospects of Shiba Inu (SHIB) Price and Market
As of the time of writing, the price of SHIB has increased by 1.39% to $0.00002562. Concurrently, the market capitalization of the second-largest meme cryptocurrency stands at approximately $15.11 billion.
During the past 24-hour period, the trading volume for SHIB has surged by 33.58%, reaching $1.17 billion. Analysts speculate that if SHIB maintains its position above a critical resistance level, its price could potentially rise to $0.00003 or even $0.00005.
Moreover, sustained positive momentum could lead to a longer-term rally towards $0.0001. The recent uptrend in Shiba Inu’s price reflects a generally optimistic sentiment prevailing in the market.
In SHIB futures trading, the open interest has increased by 9.24%, totaling $90.77 million, according to Coinglass. However, despite this bullish activity, long positions have dominated liquidations, resulting in total liquidations amounting to $471,170. This could potentially exert downward pressure on SHIB’s price.
Interestingly, shorts account for more than half of these liquidations, suggesting their influence on market dynamics may be limited compared to long positions.
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#SHIB #ShibaInu

Financial experts at Standard Chartered Bank are hopeful about the US Securities and Exchange Commission (SEC) approving the first Ethereum spot exchange-traded funds (ETFs). They are also optimistic about Ethereum’s price, predicting it could reach $8,000 by the end of 2024.
The cryptocurrency market is closely monitoring the SEC’s decisions on pending Ethereum spot ETF applications. VanEck’s ETF is expected to be ruled on in two days, with Ark Invest’s filing due by May 24th. This urgency has raised expectations for potential approvals this week. Adding to the speculation is the SEC’s request for updated 19b-4 filings from crypto exchanges, seen as a positive signal that the SEC is actively reviewing applications. Analysts from Bloomberg, Eric Balchunas and James Seyffart, have increased their approval likelihood estimate from 25% to a bullish 75%, reflecting this shift.
Standard Chartered’s Predictions for Ethereum ETF Approval
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, predicts a high probability (80-90%) of the SEC approving Ethereum spot ETFs this week. He forecasts that these approvals will stimulate substantial demand for ETH tokens, estimating inflows ranging from 2.39 million to 9.15 million in the first year post-approval. This could potentially bring in $15 billion to $45 billion into the market.
Kendrick’s analysis draws parallels with the impact of Bitcoin ETFs, where Standard Chartered’s projections for Bitcoin inflows have proven accurate. He anticipates a similar trend with Ethereum ETFs. Moreover, Kendrick expects the Ethereum-to-Bitcoin price ratio to remain stable around 5.4% through 2024.
Based on this ratio and assuming Bitcoin reaches $150,000 by year-end, Kendrick’s analysis suggests a potential Ethereum price target of $8,000. This represents a significant increase of over 113% from Ethereum’s current price of $3,749 (as of press time).
Standard Chartered’s Long-Term Outlook for Ethereum
Standard Chartered maintains a longer-term bullish outlook for Ethereum, setting a target of $14,000 for ETH by the end of 2025. This projection aligns with their forecast of Bitcoin reaching $200,000 next year.
The potential approval of Ethereum spot ETFs this week, coupled with Standard Chartered’s optimistic price predictions, has sparked excitement in the cryptocurrency market. While the SEC’s final decision is awaited, the upcoming days could prove crucial for Ethereum’s price trajectory.
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#ETH #Ethereum

Market analyst Ali Martinez recently highlighted a possible upward trend for Dogecoin (DOGE). There’s speculation that the cryptocurrency is preparing to reach its previous high of $0.20, a level it hasn’t seen in more than a month.
Analyst Ali Martinez suggests Dogecoin could test its previous high of $0.20, driven by its emergence from a Descending Triangle pattern, signaling a potential price shift. Increased whale transaction activity and optimism surrounding a potential Ethereum ETF approval may propel Dogecoin to new highs.
Dogecoin’s Potential Path to $0.20
Martinez’s analysis, supported by chart data showing Dogecoin emerging from a Descending Triangle pattern, suggests a significant price shift may be imminent. Despite a noticeable pullback after the breakout, Dogecoin exhibits signs of potential reversal, hinting at a retest of the crucial resistance level at $0.20.
https://x.com/ali_charts/status/1792893423541772455?s=46&t=EAqSmGRmSyqfXdRDkzt9vQ
While Martinez refrains from definitively predicting an immediate recovery, he suggests that history often presents familiar patterns, even if not exact replicas.
Achieving the $0.20 milestone for Dogecoin would require a 17% increase from its current value. Positive indicators such as increased activity in whale transactions, which could limit supply, offer encouragement for Dogecoin’s potential short-term ascent to this target.
Dogecoin’s Upcoming Potential Amid ETF Anticipation
Additionally, the anticipation surrounding the potential approval of a spot Ethereum ETF this week is expected to increase upward pressure not only on Dogecoin but also on other meme coins, potentially pushing them to new highs.
Looking beyond the immediate goal of reaching $0.20, Dogecoin has set its sights ambitiously on a long-term target of $1. This suggests optimism about Dogecoin’s trajectory, with growing speculation that it could challenge its previous highs.
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#DOGE #Dogecoin‬⁩

Solana surged over 25% in a week and 47% in 21 days, driven by regulatory advancements with Ethereum ETFs and the rise of Solana-based meme coins, boosting bullish sentiment.
Solana (SOL) has seen a remarkable rise in value, jumping over 25% in just one week. Over a longer period of 21 days, it has increased even more impressively, with a 47% surge.
Solana’s Surge: What’s Behind the Growth?
Investors and crypto enthusiasts are closely monitoring Solana’s unprecedented growth, which mirrors the recent rally observed in Bitcoin as it once again breached the $71,000 mark. While some attribute the ascent to the project’s developments, recent analysis suggests otherwise.
The surge seems to be more intricately tied to external factors, notably the regulatory advancements surrounding Ethereum ETFs. The news of the SEC’s move to request updates on 19b-4 filings for Ethereum ETFs has sent ripples across the crypto sphere, instilling optimism.
Solana’s Surge: A Multifaceted Growth Story
Moreover, the proliferation of Solana-based meme coins has contributed to the bullish sentiment surrounding the ecosystem. These meme coins have collectively seen a substantial increase in market capitalization, surpassing $8.3 billion. This synergy between the broader crypto market’s optimism and Solana’s vibrant meme coin ecosystem underscores the multifaceted dynamics behind its remarkable price surge.
However, despite the euphoria surrounding Solana, cautionary signals are emerging from technical analyses. With the RSI hovering close to the overbought zone and signs of deceleration evident in shorter interval candle charts, some analysts suggest that the pace of Solana’s ascent may soon plateau.
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#SOL #Solana

Shiba Inu (SHIB) has become a crypto of keen interest with various analysts, investors, and traders offering a range of predictions for its future value. One such person is Oscar Ramos, a Bitcoin trader who believes SHIB is less likely to reach $0.01 due to its current token supply.
In a post on X, Analyst Oscar Ramos shared a price prediction chart from Telegaon outlining SHIB’s potential price trajectory from 2024 to 2050. The data suggests a staged increase, with minimum, average, and maximum prices gradually rising.
Captioning the screenshots, Oscar Ramos wrote, “Are you serious? I mean, 20 years from now is not that bad for me, but honestly, I don’t think $SHIB can go past 1 cent with the current Shiba Inu Supply. Time will tell. Hope I’m wrong #SHIBARMY.”
Details of Prediction and Reaction
For example, the range for 2024 is between $0.0000421 and $0.0000601, potentially reaching $0.0000945 to $0.000198 by 2027. This initial phase signifies a period of potential market stabilization and slow price appreciation.
The projections depict moderate growth from 2028 to 2030, with average prices rising from $0.000289 to $0.000646. A significant milestone is expected by 2035, with the maximum price potentially exceeding $0.002. This mid-term phase could be driven by increased adoption and rising investor confidence.
However, the most striking predictions lie beyond 2040. Telegaon suggests an exponential surge, with the average price reaching $0.076 by 2040 and surpassing $1.00 by 2050. It’s important to note that such long-term forecasts are highly speculative and depend heavily on unforeseen future market conditions.
Analyst Divergences: Bullish Outlooks vs. Supply Concerns
Several analysts hold varying opinions on SHIB’s future price path. Bitcoin analysts Jason Williams and Yazan proposed a target of $0.05 for SHIB in the current bull market, contingent on Bitcoin reaching $250,000 to $777,000. This scenario would necessitate a tremendous 200,703% increase for SHIB by 2025 to eliminate three decimal places from its current price.
Other analysts, like Dona, Eunice Wong, and Bunchhieng, believe SHIB’s price could reach $0.000114 within the current market cycle, while some hold a long-term target of $0.05 by 2040. Shiba Inu content specialist Lucie exemplifies ongoing optimism, expressing confidence in SHIB reaching $0.01.
Community Efforts: Burning Tokens to Reduce Supply
Oscar Ramos argues that exceeding $0.01 is improbable with the current SHIB supply. With this in mind, the community has implemented burn mechanisms to reduce the circulating supply and potentially drive up the price of SHIB. However, significant and sustained burning is necessary to make a meaningful impact.
Data from Shibburn (as of May 19, 2024) indicates a burn rate exceeding 9.8 million tokens within 24 hours, with a corresponding value of $234.84. This represents a substantial increase of 579.08% compared to previous rates. The ongoing burn efforts demonstrate the community’s commitment to influencing SHIB’s long-term value.
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#ShibaInu #SHIB

Financial analyst Javon Marks sees strong momentum in XRP, predicting a bullish breakout with target prices of $15-$20 and potential returns of up to 2,000%.
According to his recent analysis, XRP is nearing a key convergence point, indicated by a robust RSI pattern. Marks believes this pattern suggests a significant rise in XRP prices soon.
Analyst Predicts XRP Surge to $15-$20, 2,000% Gains
Financial analyst Javon Marks has identified a key RSI pattern in XRP, highlighting a series of lower highs and higher lows. This descending trendline in the RSI indicates decreasing momentum as the price consolidates within a symmetrical triangle pattern on the chart.
Historically, such patterns often precede significant price movements, either upward or downward. In this case, the RSI pattern supports the potential for an upward breakout. Marks projects a conservative target price range of $15 to $20 for XRP, contingent on current market conditions.
“A conservative target for a breakout and logarithmic follow-through here could be $15-$20, which could result in a 20X-36X from here in a more than 2,000% run!” he stated.
This potential price surge represents a substantial increase, potentially yielding returns between 20 to 36 times the current value, an impressive gain exceeding 2,000 percent. The long-term target suggested by the chart is approximately $19.82, reflecting a potential 2905.05% increase from the current price level.
Analyst Predicts XRP Bullish Breakout and Long-Term Surge
According to analyst Javon Marks, XRP experienced a dramatic spike in early 2018, with the price of XRP/USD soaring to approximately $3.84, marking an astounding increase of about 2907.25% from its lower price points.
Following this peak, the price entered a prolonged downtrend, stabilizing by mid-2020. During this period of consolidation, XRP formed a symmetrical triangle pattern, a common indicator of an impending breakout.
Marks is optimistic about XRP’s future, predicting a significant price surge. With XRP currently valued at $0.53, Marks forecasts a remarkable increase of 37,635%. This ambitious projection is inspired by XRP’s historical rally in 2017/2018, during which the cryptocurrency saw an astonishing 75,000% surge following a breakout.
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#XRP #Ripple

Solana is aiming for its March target after reaching a month-high of $187. After a month of correction, Solana surged impressively, touching $187 today. Currently, Solana’s price is $181.47, slightly down from earlier.
Its market cap has risen to $81.43 billion, and its trading volume has increased to $4.94 billion, showing 56% gains. Check out what’s coming next for Solana, as a pullback might cause the altcoin to dip.
Solana’s Recent Recovery and Future Potential
Solana had been on a downtrend for a long time, with prices dropping as low as $120 at the beginning of May. However, it has shown an active recovery in the past few days as crypto market conditions improve, moving back into the greed zone according to the fear and greed index. This market growth is complemented by significant gains in Bitcoin and Ethereum, which have surged to $70,859 and $3,650 respectively, bringing bullish sentiment to the market.

Despite this recovery, Solana is not yet at its peak. Earlier in the March rally, Solana reached $202.87, and it has an all-time high of $260.06, set two and a half years ago. Investors are now hopeful for a similar surge or even higher due to Solana’s high potential and its ability to host popular meme coins on its network.
Solana’s Recent Surge and Future Price Targets
The surge in Solana’s price began on the 15th, starting at $150.72 and reaching an earlier high of $187 after establishing support around $166. The charts indicate a bullish outlook for the altcoin, with current support at $175 and key resistance at $190. Given the bullish market conditions and positive sentiment for the network, Solana’s price might target $188 next. If Solana successfully crosses the $188 mark, prices could climb further to $195 and eventually $200.
However, if the price drops below the $178 level, Solana could fall to a low of $160, a crucial trend reversal zone. Overall, moving averages suggest a strong buying zone for this altcoin, which could further boost Solana’s price.
Solana’s Recovery Amidst Market Volatility
Compared to other popular altcoins, Solana has faced significant challenges, especially in recent weeks. Despite increasing demand for Solana meme coins, the price of SOL continuously declined. However, the recent price rally has revitalized the Solana network, pushing the price back to the $180 range after a month of downturn.
This recovery has reinforced analysts’ predictions that SOL could rise to $250 by the end of the year. Despite the ongoing surge, the Solana price graph remains unstable, and there is a possibility that a pullback might affect the altcoin.
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#Solana #SOL

A trader known as “dimethyltryptamine.eth,” who previously made a massive profit of 107,000x with Pepe coin, has now shifted focus to WOJAK coin. He sold MOG and purchased significant amounts of WOJAK in the past 24 hours.
This trader, who famously turned $251 into $26.9 million with Pepe coin, has sparked excitement in the crypto community with his latest move. Both Pepe coin and WOJAK coin have been on a price rally today.
Trader’s Shift to WOJAK Coin Fuels Optimism
According to data from Lookonchain, the trader sold Mog coin to buy 200 million WOJAK in the past 24 hours via Uniswap. This move adds to the intrigue as Mog coin’s price also rallied phenomenally over the past day, indicating a strategic diversification of investments.
Lookonchain’s insights revealed that the trader initially spent 0.125 ETH (worth $251) to buy 5.9 trillion PEPE. To date, 3.95 trillion PEPE have been sold for 2,505 ETH, equivalent to $4.7 million. The trader currently holds 2 trillion PEPE, valued at $22.2 million.
These investment strategies and the trader’s shift towards WOJAK coin have sparked optimism among crypto investors regarding WOJAK’s future price action.
Trader’s Moves Spark Frenzy in WOJAK, PEPE, and MOG Coins
As of writing, Wojak coin’s price has surged by 47.45% in the past 24 hours, currently trading at $0.0006937. Similarly, PEPE has shown gains of 17.04% in the same period, trading at $0.00001101. Meanwhile, Mog coin’s price has increased by 46.39% over the past day, reaching $0.0000008385.
The trader’s strategic investments, along with the notable price increases in these coins, have created a sense of excitement in the global crypto market. Given the trader’s significant holdings, there is potential for further price increases in these tokens, fueling more interest and speculation among investors.
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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

Shiba Inu (SHIB) recently caught the eye of Clifton fx (@clifton_ideas), a well-known analyst on X, who spotted a significant pattern in the meme coin’s chart. Clifton highlighted that Shiba Inu has formed a bullish pennant on the daily chart, suggesting that the coin might be on the verge of a big surge.
In the crypto world, technical analysis is crucial, as analysts look for chart patterns to predict future price movements. The bullish pennant formation in SHIB’s case has sparked excitement among investors.
Shiba Inu Forms Bullish Pennant: Potential Breakout Ahead
The bullish pennant pattern typically appears after a period of price appreciation, followed by a consolidation phase with narrowing price swings. The pennant resembles a symmetrical triangle, where the price consolidates within a tightening range.
For Shiba Inu, the uptrend that started in early March paused in April, leading to a retracement. A Shiba Inu team member recently explained the reasons behind the price dip. Over the past few weeks, the price action has formed a pennant pattern, which analysts see as a sign of a possible breakout.
Analysts Predict Significant Upside for Shiba Inu (SHIB)
The bullish pennant pattern indicates a potential price increase, and analyst Clifton has provided specific predictions. Clifton forecasts a possible upswing that could deliver short-term profits of up to 60% for SHIB holders. Based on chart analysis, Clifton suggests a rally to at least $0.00004 within the next few weeks.
Other analysts are even more optimistic about SHIB’s prospects. Analyst Davie Satoshi (@NFTdavie) has identified a breakout target exceeding $0.00005. Additionally, various market analysts have predicted ranges from $0.00008 to $0.00015, suggesting that SHIB could soon surpass its all-time high.
Shiba Inu (SHIB) Faces Key Resistance Levels but Bullish Sentiment Prevails
It’s important to acknowledge that SHIB faces resistance around the $0.000025 mark. Last week’s attempt to surpass this resistance proved abortive, leading to further price retracement. Despite this, SHIB is trading at $0.00002499 following a 5.51% climb over the past 24 hours, indicating another attempt to break through.
The emergence of a bullish pennant pattern on SHIB’s price chart has instilled confidence in some analysts who anticipate a potential price surge. Breakout target predictions range from $0.00004 to $0.00015, with some analysts even suggesting a price move into uncharted territory.
The Shiba Inu lead developer has promised that there’s much more in store for the meme coin and its loyal users. Only time will tell how high SHIB can climb, but the current sentiment remains optimistic.
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#SHIB #ShibaInu

Sei’s (SEI) price surged 10% following the Sei Foundation’s proposal for a V2 upgrade aimed at improving Ethereum compatibility and performance. The announcement of transitioning to Sei blockchain version 2 sparked a bullish rally in the cryptocurrency’s value.
This upgrade will introduce a faster, parallelized Ethereum Virtual Machine (EVM), enabling quicker processing and compatibility with Ethereum-based contracts.
Sei Blockchain V2 Upgrade Boosts Performance and Compatibility
The Sei Foundation’s proposal to upgrade to version 2 of its blockchain software marks a significant advancement in its development. According to Sei Labs, this new version will incorporate a parallelized Ethereum Virtual Machine (EVM), promising sub-second transaction finality and a superior user experience.
Pending approval through governance, the upgrade is scheduled to go live in one week, starting May 27. The primary objective of this upgrade is to enhance blockchain performance and expand compatibility with Ethereum-based applications. Notably, applications such as Uniswap, Frax, and The Graph are expected to operate seamlessly on the improved network.
Additionally, the Sei team highlights that this enhancement positions their blockchain as a robust competitor in the high-performance network sector, alongside other platforms utilizing parallelized EVMs like Monad and Neon. This move underscores Sei’s commitment to innovation and scalability within the blockchain ecosystem.
Sei Blockchain V2 Upgrade Enhances Interoperability and Performance
In November 2023, Sei Labs unveiled plans to integrate EVM support into the upcoming Sei V2 upgrade, aiming to seamlessly incorporate Ethereum-based contracts onto the Sei network. This initiative is set to significantly enhance blockchain interoperability and functionality.

The V2 upgrade will utilize Geth, an Ethereum Virtual Machine implemented in Go, to enhance integration between Sei’s current smart contract framework, based on CosmWasm technology, and new EVM functionalities.
Moreover, Sei V2 will introduce SeiDB, a new data structure tailored for the platform’s storage layer. This innovation is designed to minimize state bloat and streamline state synchronization for new nodes joining the network. These technological advancements are expected to substantially improve Sei’s performance and scalability capabilities.
Sei V2 Upgrade Boosts Market Sentiment and Performance
The announcement of the V2 upgrade has significantly boosted Sei’s market performance, with its price surging by 10% following the news. This positive market response underscores optimism about the upgrade’s potential to enhance the network’s functionalities.

Simultaneously, SEI’s market capitalization and 24-hour trading volume experienced substantial increases of 8.84% and 122%, respectively, reaching $1,670,526,000 and $120,509,493. At the time of writing, SEI’s price was trading at $0.5705, marking an 8.46% increase from its intra-day low. These metrics reflect strong market interest and activity driven by the anticipation of Sei’s upcoming enhancements.
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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.
#SEI #SeiNetwork

XRP, the top option for cross-border payments in the cryptocurrency market, has not had an easy road. The 2017 bull run sent XRP to its all-time high of $3.84 in January 2018. However, this surge proved fleeting. The digital token has spent most of the subsequent years struggling to reclaim its past glory.
A glimmer of hope arrived in 2021, fueled by another market-wide bull run. XRP reached $1.96 in April and stayed above the significant psychological barrier of $1 for most of the year, albeit with significant volatility.
However, the digital asset fell below $1 and has failed to reclaim that level. XRP tried to reclaim this level in July 2023 when XRP surged to $0.93 following a favorable ruling in the legal battle with the U.S. Securities and Exchange Commission (SEC). This poor performance has left many wondering whether the digital token can ever reclaim the $1 mark.
The XRP Lawsuit and Its Impact
This year has presented a stark contrast. While Bitcoin reached new all-time highs, XRP has remained on the sidelines of the market rally. Unlike most major cryptocurrencies, the digital asset designed for cross-border remittances has grossly underperformed, consistently consolidating around $0.5.
A key factor often cited for this underperformance is the ongoing legal battle between Ripple and the SEC. This legal dispute has undoubtedly cast a shadow over XRP’s price. However, a compelling argument exists that a significant price surge could occur once the lawsuit ends.
Despite the ongoing legal pressure, the digital token maintains a loyal following, with CoinCarp indicating that nearly 5 million unique addresses hold at least some XRP.
However, a note of caution is necessary. XRP ownership exhibits a degree of centralization. The top 10 holders control a significant portion, approximately 42.48%, with the top 100 holding a combined 73%. This implies that the remaining 27% is dispersed amongst the 5 million addresses.
Additionally, data suggests that recent trading activity by the top 47 holders has been predominantly sales-oriented, although a more balanced pattern has emerged among the remaining holders within the top 100.
Major Factors to Push XRP Beyond $1 Mark
Despite these concerns, recent developments suggest the legal battle might be nearing its final chapter. This and broader market trends, could provide clues regarding XRP’s potential price trajectory.
Michaël van de Poppe (CryptoMichNL), a renowned crypto analyst, recently expressed his belief that altcoins have completed their corrective phase and are poised for continued growth. He further suggests that this uptrend could experience a significant acceleration sometime in the latter half of 2024.
Michaël van de Poppe noted
“It’s very likely that Altcoins are continuing their upwards grind from here and that we’ve finished the correction. Slow upwards grind, slowly but surely accelerating towards a vertical move in Q3/Q4.”
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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.
#XRP #Ripple

XRP has been the subject of much debate within the cryptocurrency community. While some remain optimistic about its future potential, others express skepticism due to its performance over the past few years. However, prominent analyst EGRAG CRYPTO (@egragcrypto) presents a bullish outlook, suggesting a calculated move could propel XRP’s price significantly higher.
EGRAG CRYPTO’s analysis hinges on the Atlas Line, an ascending trendline he identifies on XRP’s historical chart. Established in March 2020, this trendline acts as a support level, consistently coinciding with XRP’s lowest price points over the past four years. Each prior intersection between XRP and the Atlas Line has caused a notable upswing.

Historical Atlas Line Surges
EGRAG CRYPTO highlights nine such instances, which he marked with yellow circles. The biggest surge produced by the Atlas Line came after the January 4, 2021 crash. After a surge to $0.6922, XRP plummeted to $0.226. However, the asset quickly rebounded, embarking on a bullish trend that culminated in a price of $1.96 by April 2021.
These nine points of intersection form a significant pattern – an ascending parallel channel. EGRAG CRYPTO identifies another parallel line running in the opposite direction, which he terms the “final wake-up line.” The confluence of these two lines creates a large triangle on the XRP chart.
The $1.5 Stepping Stone
EGRAG CRYPTO acknowledges more recent price movements and identifies a smaller triangle within the larger formation. This white triangle presents a more immediate target, a measured move that could send XRP to $1.5. This target coincides with the Fib. 0.768 level. In EGRAG CRYPTO’s view, this price point signifies the beginning of a significant upward trend.
EGRAG CRYPTO’s Measured Move Predicts Potential Surges
The final wake-up line forms a blue triangle with the Atlas Line which is central to EGRAG CRYPTO’s prediction. He posits that a breakout from the triangle could trigger a substantial price increase for XRP. His target is $5.89, representing an increase of over 1,000% from the asset’s current price of $0.52. $5.89 also coincides with the Fib. 1.618 level.
Another prominent analyst recently called $5 a realistic target, strengthening EGRAG CRYPTO’s prediction and inspiring confidence in the XRP community.
EGRAG CRYPTO’s analysis offers a compelling perspective on XRP’s potential. While the community grapples with uncertainty, the technical indicators he presents show a bright future for XRP.
⚠️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.
#XRP #Ripple

More often than usual, making tremendous profits from digital asset investments seems to occur frequently in the crypto space. Although, at times, losses might play out. However, over the years, patience has played a significant role in most profitable crypto adventures, and we shall see how it applies to making $2 million from a $2,000 Cardano (ADA) investment.
According to Cardano’s data on CoinGecko, the digital asset is changing hands at roughly $0.47, having registered a 3.3% decline in the past 24 hours. Investing $2,000 in ADA at its current price status would be sufficient to procure about 4,255.3 tokens.
Based on calculations, buying and holding 4,255.3 ADA tokens would only sum up to $2,000,000 if the digital asset eventually appreciates to a $470 price level, which appears ridiculous, considering the token’s current price.
Nevertheless, the possibility of ADA at $470 is not far-fetched, as the crypto marketplace is unpredictable, with surprises that could catapult any digital asset price, including Cardano (ADA), to astonishing levels.
Price Prediction Platforms Projects Potential Timeline For ADA At $470
Changelly, a renowned analytical and digital assets prediction firm, projected that ADA could hit $470 in 2050, about 26 years from now.
Telegaon, another price projection platform, predicted ADA around $470 as highly impossible, stating that the token would barely reach a $42.41 average price in 2050.
Google’s Artificial Intelligence model, Gemini, was also consulted. The chatbot considered ADA at $470 a highly unrealistic target. It added that it would require a massive increase in market capitalization, markedly superseding the entire crypto market cap in the 2021 bull run.
Cardano (ADA) Short-Term Outlook Predicting A Bleak Outlook
Since April, Cardano (ADA) has seen a steady price reduction. It dropped below $0.5, after trading above $0.7 in March, according to Coincodex.
Since this month, ADA has fluctuated between $0.43 and $0.48, implying that it might not break above $0.5 anytime soon.
Moreover, the ADA risk analysis assessment revealed that the coin is trading below its 200-day Moving Simple Average (SMA), has only 13 green days in the last 30 days, and was outperformed by 69% of the top-ranking crypto assets, including Bitcoin (BTC) and Ethereum (ETH).
⚠️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.
#ADA #Cardano

Shiba Inu (SHIB) price chart indicates bullish signs for a potential 50%-60% spike, while Arkham (ARKM), an AI-centric project, also shows bullish trends. Altcoins are signaling bullish movements amid Bitcoin’s sideways action.
As the crypto market experiences a sideways bullish rally, many altcoins are showing promising patterns that could lead to significant price increases. Analysts have various opinions on which altcoins might surge first, but one prediction stands out for Shiba Inu (SHIB).
Bullish Patterns Point to Potential Surges for SHIB and ARKM
A prominent trader has highlighted the price action of Shiba Inu (SHIB), noting a bullish pennant formation on the daily timeframe. This pattern suggests a possible significant upward movement for the token, often referred to as a meme coin. According to the analyst, SHIB could see a price increase of 50%-60% if this pattern plays out as expected.
https://x.com/breakout_expert/status/1792053886054015274?ref_src=twsrc%5Etfw
In addition to SHIB, the analyst also focuses on Arkham (ARKM), a crypto token known for its use of AI in analyzing blockchain and on-chain data. Arkham offers both an analytics platform and an intel exchange, making it a noteworthy project in the crypto space. The analyst’s observations on ARKM indicate potential bullish movements for this token as well.
https://x.com/breakout_expert/status/1792505577299743076?ref_src=twsrc%5Etfw
Analyst Predicts Bullish Surge for ARKM Amid Steady Price Rise
According to the chart shared by the analyst, Arkham (ARKM) has been experiencing a steady price increase over the past few months. Observing this consistent rise, the analyst provides his insights on the future movement of this AI-based asset.
⚠️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.
#SHIB #ARKM

Polkadot (DOT) is currently facing challenges to stay above the $7 mark following a weekend dominated by selling pressure.
The price dipped to $6.93 on Sunday, reversing some of the gains made earlier in the week. Polkadot had shown strength in the previous week, with a notable increase of 6.58% over the past seven days.
Polkadot (DOT) Struggles Below $7 Despite Volatile Week
Polkadot (DOT) faced a challenging week as it struggled to maintain momentum above the crucial $7 mark. The week began with significant volatility, starting at $6.67 and experiencing swings between $6.43 and $6.82 before settling at $6.67. Tuesday saw a notable decline of 2.83%, pushing DOT to $6.48, though it found support around $6.40. The following session, however, saw a strong recovery of 7.44%, bringing DOT up to $6.96 but falling short of $7.

On Thursday, DOT briefly surpassed $7, reaching $7.03 during another volatile session that saw it dip to $6.82 before recovering. Friday showed a modest gain of 2.42%, closing at $7.20 as buyer interest picked up. However, the weekend brought renewed selling pressure, pushing DOT down to $6.93 by Sunday, below the 20-day Simple Moving Average (SMA).
Currently trading around $7, DOT is experiencing a tug-of-war between buyers and sellers as market participants watch closely to see if it can regain and hold above the $7 threshold.
Polkadot (DOT) Faces Resistance at $7.50 Amidst Oscillating Price Action
Polkadot (DOT) has demonstrated a resilient support level around $6.40 amidst its recent price movements. The chart reveals multiple instances where DOT has tested and bounced back from this level, signaling strong buying interest each time. However, over the past month, DOT has been oscillating within a range of $6.40 to $7.50, unable to sustain moves above the upper boundary.
The weekend saw DOT experiencing rejection and a subsequent drop, potentially retracing back towards its established support level before attempting another recovery. This pattern has repeated itself on three separate occasions recently.

For DOT to break out of this range-bound behavior and initiate a significant upward movement, it will need to surpass the $7.50 resistance level decisively. A successful breach above $7.50 could pave the way for DOT to target higher price levels such as $8 and potentially even $8.50. However, technical indicators such as the bearish cross of the 200-day Simple Moving Average (SMA) and the 50-day SMA may exert downward pressure on the price, warranting careful consideration.
Despite these indicators, the Moving Average Convergence Divergence (MACD) remains bullish, suggesting continued strong buying momentum in the market. Investors and traders are closely monitoring these technical signals to gauge the potential direction of DOT’s next major move.
⚠️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.
#Polkadot #DOT

In a jaw-dropping turn of events, $WIFMAGA has skyrocketed by an astonishing 92,000% within just 24 hours, capturing the attention of the entire crypto community. This explosive growth is more than a testament to the power of internet culture; it marks a new era where politics and digital assets intersect in unprecedented ways. So, what exactly is $WIFMAGA, and why is it taking the market by storm?
The Meteoric Rise of $WIFMAGA
With a total supply of 15,000,000 tokens and a current market cap of $1.6 million, $WIFMAGA is the latest sensation in the crypto world, making it an attractive option for traders looking to maximize their gains. But beyond the numbers, $WIFMAGA represents something far more intriguing: the fusion of meme culture with political fervor.

Memes Meet Politics: The Perfect Storm
At the heart of $WIFMAGA’s success is its unique blend of popular internet memes and political endorsement. By combining the whimsical charm of the $WIF (dogwifhat) meme with the potent $MAGA (Make America Great Again) slogan, $WIFMAGA has tapped into a massive and engaged audience. This dual appeal is proving to be a game-changer, driving the token’s rapid ascent.

A Token with a Political Edge
What truly sets $WIFMAGA apart is its open support for former President Donald Trump. In an era where political allegiances can rally massive online communities, $WIFMAGA’s strategic alignment with Trump’s base has created a dedicated following. This isn’t just another meme token; it’s a statement, a rallying cry for a particular segment of the crypto world that sees financial opportunity and ideological affirmation in $WIFMAGA.

Unveiling the Thrilling Poloniex CEX Listing
As of the time of publishing this article, the exciting news is that $WIFMAGA is scheduled to be officially listed on the renowned Poloniex Exchange. This development marks a significant milestone for the $WIFMAGA community and investors alike, as it opens up new avenues for trading and exposure within the cryptocurrency market. With this listing, $WIFMAGA, with its unique features and potential, is poised to capture the attention of a broader audience of traders and enthusiasts. The team behind $WIFMAGA anticipates this listing to not only enhance liquidity but also to bolster confidence in the project's long-term viability and growth prospects. Stay tuned for further updates and announcements as $WIFMAGA continues its journey towards broader recognition and adoption in the ever-evolving landscape of digital assets.

The Road Ahead: Opportunities Abound
The future looks incredibly bright for $WIFMAGA. Its unique positioning at the crossroads of meme culture and political advocacy provides a solid foundation for ongoing growth. As more investors take notice and join the fray, $WIFMAGA is expected to continue its upward trajectory, potentially setting new benchmarks in the crypto market.
Conclusion
$WIFMAGA’s unprecedented 92,000% surge in just 24 hours is a clear indicator of the dynamic and evolving nature of the cryptocurrency landscape. By seamlessly blending the light-hearted appeal of memes with the serious undertones of political support, $WIFMAGA is redefining what a successful cryptocurrency can look like. As it continues to carve out its niche, $WIFMAGA offers a compelling mix of entertainment, ideology, and investment potential that’s hard to ignore. Get ready, because this is just the beginning for $WIFMAGA.
⚠️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.

#WIFMAGA #Solana

Along with seeing a recovery in crypto market sentiment , several other things have indicated a possible increase. Reporting from Coingape, since the last few days, market sentiment has changed to greed from a neutral position for weeks.
In addition, significant price spikes occurred in cryptocurrencies , including Bitcoin. In this article, let's discuss five important signs that indicate the early arrival of the 2024 crypto Bull Run !
Bitcoin Market Domination
https://youtu.be/Lwyk9iYt_MA
According to the Coingape page (20/5/24), Bitcoin has experienced a substantial recovery recently and is currently trading at $67,146.49. Only 9% away from ATH at $73,750.07; if this trend continues, the price may rise even higher.
More importantly, based on Tradingview data, Bitcoin's dominance has surged to 55.87%, the highest dominance in the past three years, which is the first sign of an early bull run. This is because historical data reveals that the Bull run started when Bitcoin's dominance soared with a dominance of more than 56%.
Rather MVRV From Bitcoin

As per the LookIntoBitcoin chart, Bitcoin's MVRV Z score reveals the peak moments of the cycle by comparing Bitcoin's current capitalization with its historical average value.
The peak score of this comparison is around 6, and Bitcoin data currently falls somewhere in the middle. Bitcoin's MVRV Z score is nowhere near 6 after its 2021 bull run.
Bitcoin HODL Wave

Furthermore, dBitcoin HODL wave data is bullish for Bitcoin after comparing new BTC holders with old BTC holders.
As the number of new BTC holders decreases, it is possible to witness more profits as selling pressure decreases. This is because new holders are more susceptible to selling once conditions turn unfavorable or they see temporary gains.
RHODL ratio

The RHODL ratio is a comparison of recently purchased BTC with BTC purchased one or two years ago.
As per current data, BTC buyers are paying more for their BTC than they did two years ago. So, this is an indication of the market reaching its highest value.
Level Puell Multiple
Puelle multiple shows the difference between short-term BTC miner earnings and long-term earnings trends. Typically, the peak is formed when the level is at 3, and the highest level this year was 2.5 during March.

At the time this article was written, the value was below 1, after falling due to Bitcoin's halving. Its value has increased recently and will contribute to the rise.
An ELI5 crypto analyst from TLDR said that with high Puell, miners are making a lot of money, aligning with the cycle top. He said that “the previous cycle had two spikes. Now, we complete the first one. Another one to come before the top, it seems.”
Overall, the bull run brings the biggest gains to the market, but it is not a one-day event as it requires a big market push. As the crypto market struggles for weeks, investors are eyeing gains to cover losses.
Even so, a bull run is anticipated later this year, lasting until mid-2025. However, several on-chain indicators and crypto analysts, ELI5 of TLDR, have indicated the possibility of an earlier bullish situation as the market is ready.
⚠️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.
#Crypto #BullRun