The post ChatGPT Predicts Shiba Inu (SHIB) Price For May: What’s In Store For The Memecoin appeared first on Coinpedia Fintech News
The underlying demand is rising, and sideline traders and institutional investors anticipate a bullish recovery. Surprisingly, the top choices for best performers are meme coins like Dogecoin and Shiba Inu, known for their massive price jumps. Despite a weak bullish trend in the past few weeks, the general trend in the SHIB token is sideways …
The post Polygon (MATIC) and NEAR Protocol (NEAR) Price Poised For Massive Spike Soon appeared first on Coinpedia Fintech News
The altcoin industry has established a solid bottom for the recent correction triggered after Bitcoin’s (BTC) price reached a local top of around $74,000. Since the Bitcoin halving event last weekend, the altcoin market has been gaining against the flagship coin, as observed in the dominance. Furthermore, the cryptocurrency market cap, excluding Bitcoin, TOTAL2, which …
The post Top Altcoin Picks for 2024–2025 Crypto Bull Run appeared first on Coinpedia Fintech News
In a recent altcoin analysis, cryptocurrency analyst Matthew Perry, opened up about his top altcoin picks for the remainder of 2024 and heading into 2025. He dives into his chosen cryptocurrencies and the reasoning behind them. Perry starts by stressing the importance of having a strategic portfolio that includes coins with both growth potential and …
The post Wormhole Price Jump 20% Today! W Token To Hit $1 Soon? appeared first on Coinpedia Fintech News
The cryptocurrency industry has displayed a significant correction over the past day with top tokens experiencing a pull toward their important support levels. Moreover, the market leader, Bitcoin price, recorded a low of $62,783.63 during this time. On the other hand, the Ethereum blockchain’s Wormhole token has displayed a significant bullish reversal in its chart …
Analysts cite a classic trading pattern and growth in the altcoin total market capitalization index as proof of an upcoming altcoin season.
The post Hedera(HBAR) Price Soars 70% on False BlackRock Association appeared first on Coinpedia Fintech News
Hedera’s announcement on Tuesday about tokenizing BlackRock’s U.S. Treasury money market fund on its blockchain sparked a significant surge in trading activity for the platform’s native cryptocurrency, HBAR. However, it’s important to clarify that BlackRock was not directly involved in this tokenization project on Hedera. The news has opened the floodgates to TradFi giants realizing …
American charities are experiencing a windfall thanks to a new kind of currency: cryptocurrency. By accepting donations in crypto such as Bitcoin, Ethereum, and other digital assets, non-profits are witnessing a surge in contributions, streamlining processes, and reaching new donor demographics. Related Reading: Sam Bankman-Fried Turns Rat, Cooperates In Lawsuit Vs. FTX Celebrity Backers This […]
The post Solana-Based Memecoins Surge! WIF And Bonk Price To Jump 50% In May? appeared first on Coinpedia Fintech News
The Solana ecosystem has displayed a significant uptrend in its valuation over the past weekend, indicating a rise in bullish sentiment for this category. Moreover, the SOL-based memecoins have recorded a bullish trend reversal, suggesting a positive price action for these tokens. The most successful memecoin on the Solana blockchain, the WIF price has added …
The post Can Solana (SOL) Bulls Brush Off the Incoming FTX Selling Pressure? Report appeared first on Coinpedia Fintech News
Solana (SOL), a fast-growing top-tier layer one (L1) blockchain, has been at the center of real-world assets (RWA) tokenization. The smart-contract-enabled chain has, as a result, attracted significant investments from institutional investors seeking to tap into the Web3 space. Consequently, the SOL price has risen for the past twelve months, trading at about $159 on …
The post Solana Holds Above $150 Amid Mixed On-Chain Metrics: Here’s The Next Price Level For SOL appeared first on Coinpedia Fintech News
Recently, Solana (SOL) has attracted considerable interest as its price has consistently recovered from previous lows. This positive trend followed Bitcoin’s recovery toward the $66,000 mark. Despite this bullish market sentiment, Solana has experienced a decline in its crucial on-chain metrics. However, several metrics continue to build strong buying demand for Solana, creating a mixed …
Ethereum (ETH) stands as a bellwether for the industry’s ebbs and flows. As of press time, Ethereum was trading at $3,174, its price trying to reach the crucial $3,000 mark. However, beneath the surface of these seemingly stable waters lies a complex interplay of market forces and investor sentiment. Source: CoinMarketCap Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished Ether’s Challenging Trajectory Since last week, the lower timeframes have seen repeated breaches of the $3,000 psychological threshold, and the enthusiasm surrounding the altcoin king has significantly waned. This downward pressure is further underscored by the notable drop in Open Interest (OI) behind ETH futures contracts, which plummeted from $10 billion to $7 billion in April alone. Such a decline suggests a recalibration in the futures market, potentially signaling a cooling-off period for speculative trading activity. Source: CryptoQuant Navigating Choppy Waters However, amidst the uncertainty, there exists a glimmer of hope for ETH bulls. Historical precedents, such as the mid-February 2021 correction, offer insight into the resilience of Ethereum’s price. Following a similar dip from an all-time high of $1,900 to $1,400, Ethereum experienced a V-shaped reversal, demonstrating the market’s propensity for swift recoveries. This historical context serves as a guiding light for investors navigating the choppy waters of cryptocurrency volatility. Total crypto market cap currently at $2.3 trillion. Chart: TradingView On the social sentiment front, Ethereum’s trajectory has been a tale of two halves. While sentiment was strongly positive in February and briefly in mid-March, a negative sentiment has dominated as prices entered a correction phase. Factors such as high gas fees on the Ethereum network have likely contributed to this shift, highlighting the impact of practical considerations on market sentiment. Ethereum: Fundamental Metrics Examining Ethereum’s fundamental metrics provides further insights into its current state. Network growth has slowed in recent months, signaling a potential decline in demand. However, a closer look reveals a silver lining: the 90-day mean coin age has trended steadily higher since late March, indicating a network-wide accumulation of ETH. Ether price action in the last 24 hours. Source: CoinMarketCap As Ethereum continues to navigate these turbulent waters, all eyes are on key resistance levels. Breaking above the $3,300 barrier could instill confidence among traders and investors, potentially heralding a new wave of bullish momentum. However, uncertainties loom large, particularly in light of the broader market dynamics and the selling pressure on Bitcoin, Ethereum’s perennial counterpart. Related Reading: Is The Bitcoin Bloodbath Over? Analysts Say $60,000 Is The Cycle’s Bottom While challenges abound and uncertainties persist, Ethereum’s historical performance and fundamental strengths offer hope for a brighter future. As investors brace for potential headwinds and opportunities alike, Ethereum stands poised to weather the storm and emerge stronger on the other side. Featured image from Pexels, chart from TradingView
The Wild West of cryptocurrency just got a little wilder. Solana, the blockchain known for its lightning-fast transactions, recently became a breeding ground for a peculiar phenomenon: the meme coin frenzy. While these dog-themed, cat-inspired, or just plain nonsensical tokens promised moon landings, many investors landed face-first in a crater of lost cash. Related Reading: Bitcoin Miners Strike Gold: $107 Million Profit From Runes-Fueled Minting Spree Solana Stampede: A Frenzy Of Frivolous Finance Fueled by social media hype and the fear of missing out (FOMO), a stampede of investors poured money into meme coin presales. A project with a name like “I Like This Coin” (LIKE) sprouted like weeds, promising outlandish returns. The “I Like This Coin” story, however, turned out to be a classic case of “buyer beware.” Despite an initial market cap of a staggering $577 million, the token’s value plummeted by a disastrous 90% within a mere eight hours of launch. The party didn’t stop there. Blockchain investigator ZachXBT uncovered a particularly galling trend: a dozen meme coin projects vanished into thin air after their presales, taking a combined $26.7 million from investors with them. Only 1 month has passed and 12 of the Solana presale meme coins have been completely abandoned after raising >180,650 SOL ($26.7M). Would avoid any future projects launched by these founders. https://t.co/J0zFldRIa6 pic.twitter.com/K610MAEPMn — ZachXBT (@zachxbt) April 21, 2024 Solana Slowdown: When Meme Mania Clogs The Network The meme coin craze wasn’t without collateral damage. The massive influx of transactions clogged the Solana network, leading to transaction failures and frustrating delays. This highlighted a fundamental issue with meme coins: they often lack real-world applications and contribute little to the underlying blockchain’s development. Solana’s founder, Anatoly Yakovenko, wasn’t shy about expressing his skepticism. He questioned the very concept of meme coin presales, suggesting they were better suited for projects with strong tech foundations. Yakovenko’s comments resonated with many who saw the meme coin frenzy as a speculative bubble fueled by empty promises and social media hype. Solana is currently trading at $155.69. Chart: TradingView Meme Coin Meltdown: A Cautionary Tale For Crypto Curious Investors The rise and fall of Solana’s meme coins serves as a stark reminder of the inherent risks associated with investing in unregulated, highly speculative assets. While the allure of quick riches might be tempting, the potential for scams and rug pulls (where developers abandon a project after raising funds) is significant. Related Reading: Is The Bitcoin Bloodbath Over? Analysts Say $60,000 Is The Cycle’s Bottom The fallout from the meme coin frenzy could have lasting repercussions. Regulatory bodies might take a closer look at this corner of the crypto world, potentially leading to stricter measures to protect investors. For those interested in exploring the exciting world of cryptocurrency, the lesson is clear: conduct thorough research, prioritize projects with real-world use cases, and always remember what the sages mean when they say if it sounds too good to be true… Featured image from Pexels, chart from TradingView
The post Pepe Struggling to Break Above Resistance, Will Bears Let a Price Rise Above $0.000008? appeared first on Coinpedia Fintech News
As the Bitcoin price rebounded from the lows close to $60,000, the markets appear to have gained significant momentum. The Pepe price has led the memecoins by marking 3 consecutive bullish signals after a tough fight between the bulls and the bears. Now that the price has triggered a bullish upswing, it is interesting to …
The post Core Price Prediction: CORE Price To Hit $3.5 Soon? appeared first on Coinpedia Fintech News
The Core price has displayed a significant uptrend by adding 10.36% to its portfolio within the past day. Moreover, it has added 40.88% within the past seven days and 307.22% over the past 30 days, highlighting a positive outlook for this altcoin in the long-term perspective. After displaying a neutral trend by trading in a …
The post Bitcoin, Ethereum and XRP Price Prediction: Can we See Post-Halving Rally This Week? appeared first on Coinpedia Fintech News
With the successful Bitcoin Halving this Friday, the blockchain completes 840,000 blocks. Further, the halving reduces the mining reward to 3.125 Bitcoin per block. As the event is known for creating bull markets, the fourth halving comes at a rather wrong turn in global markets. As the U.S. markets stand at a vulnerable stage and …
The Shiba Inu community is being targeted by another string of scam attacks aimed at profiting from unsuspecting members. As a result, the Shibaarmy Scam Alert, an X (formerly Twitter) social media handle dedicated to exposing scams, has issued a crucial warning to the entire SHIB community. Related Reading: Decoded: Why Everyone’s Suddenly Googling ‘Bitcoin […]
The post Bitcoin Halving Impact On Top BRC-20 Tokens! What To Expect This Month? appeared first on Coinpedia Fintech News
The crypto industry completed its 4th Bitcoin Halving on 20th April, initially reducing the mining reward to 3.125 from 6.250. Further, the market leader, Bitcoin price, has displayed an uptrend of just over 3% post-halving. With this, the market sentiments are constantly rising and are expected to record a new high soon. This could result …
The post RUNE Protocol Launches On The Bitcoin! What’s Next? appeared first on Coinpedia Fintech News
First proposed in September 2023, the RUNE protocol has gained significant attention from the crypto industry following its launch. The new token is designed to streamline the fungible tokens on the Bitcoin blockchain. The RUNES protocol minters have already spent more than 80 Bitcoins in fees to acquire these tokens. The RUNES protocol is assumed …
The post Analysing DogeDay’s Influence on the Price Dynamics of DogeCoin: In-Depth appeared first on Coinpedia Fintech News
DogeDay is almost here, and everyone’s buzzing about it. People think it could really shake up the price of DogeCoin. Right now, we are seeing Dogecoin’s value go up in what is called a rally. Let’s take a closer look at how DogeDay might affect Dogecoin’s price, considering how the market reacted in past years. …
The post Dogecoin’s Evolution and the Emergence of DogeDay: What You Should Know appeared first on Coinpedia Fintech News
Dogecoin is a hot topic in the world of cryptocurrency right now. It is not just a fluke; there is a reason it is getting so much attention. A big part of this buzz is thanks to something called DogeDay, a special event celebrated by the Doge community. But before we dive into DogeDay, let’s …
The post Telegram’s Toncoin Outshines Legacy Networks and Meme Coins appeared first on Coinpedia Fintech News
Big changes are happening in the world of layer one (L1) networks, thanks to the rising star of the Telegram-backed Toncoin (TON) blockchain. Toncoin recently knocked Cardano (ADA) out of the top ten digital assets and now, it’s overtaking Dogecoin (DOGE), a favorite of tech tycoon Elon Musk. Toncoin’s rise has been impressive. As of …
The post Shiba Inu Consolidates Within A Crucial Pattern Amid Declining Open Interest: Will Bulls Achieve A Breakout? appeared first on Coinpedia Fintech News
Amid Bitcoin’s recent surge to an all-time high of $73,600 in March, the meme coin market emerged as the most lucrative sector in the market, giving average returns exceeding 1,300% among the top tokens by market capitalization. However, with Bitcoin’s price retreating to the $60,000 level, traders are now setting their sights on potential gains …
The post This Altcoin Cannot Be Longed Anymore; Is Shorting Solana a Better Option Now? appeared first on Coinpedia Fintech News
After quite a long time, the Solana price has been stuck in a crucial range for a couple of days. While bears are slowly increasing their dominance over the rally, bulls are also utilising all their strength to keep up the bullish trend. Soon after plunging below $150, the rally seems to have taken a …
The post Top Memecoins Poised for 10-50x Profits in 2024 appeared first on Coinpedia Fintech News
According to the latest market data, the meme coin industry had a total valuation of about $68 billion and a daily average market value of around $8.3 billion, making the market bullish for meme coins. In a recent X post, popular crypto source WhaleInsider highlighted a dozen meme coins with the potential to skyrocket in …
The post Litecoin Simple Price Analysis: LTC Price Preparing for a Fresh Upswing to Reclaim $100 appeared first on Coinpedia Fintech News
The market appeared to be in the middle of a pre-halving rally as the Bitcoin (BTC) price soared high and achieved a new ATH close to $74,000. This triggered a healthy upswing within the entire crypto space, which propelled the LTC price beyond $100, surpassing one of the key resistance levels. Unfortunately, the sentiments flipped …
The post Top Altcoins To Buy This Dip For 100x Profits appeared first on Coinpedia Fintech News
Cryptocurrency analyst Chump Chang took to his latest analyst and listed altcoins that have experienced significant declines from their all-time highs but present attractive buying opportunities. Here is the list of altcoins for 10x gains in 2024: Cardano: Cardano, currently trading at 45 cents, has witnessed an 85.4% decline from its peak in September 2021. …
Many investors expressed worries about the crypto market corrections during this cycle. Bitcoin’s price drop has dragged altcoins with them, and, as a result, a more pessimistic sentiment has started to brew among some sectors of the crypto community. Analysts and traders have reassured investors that the market fluctuations are a normal part of the journey. Some urge the community to look at the bigger picture, as altcoins remain above levels not seen in years. Related Reading: Traders Forecast Massive Rally For Altcoins, But Why Is Sentiment “Down”? Renowned crypto analyst Altcoin Sherpa weighed in on the matter, exploring some of the reasons and differences that make this bull cycle different from the 2020s. Time For An Altcoins Cool-Off? In an X post, Altcoin Sherpa asserted that there’s a high possibility “that altcoins are done for the next 1-4 months.” The analyst considers that, right now, most of the market needs “time to chill out and consolidate after such a big run.” Despite recently falling below the $1 trillion market capitalization, altcoins have performed remarkably in the last few months. In 2024, cryptocurrencies’ market cap, excluding Bitcoin’s, has increased by 22.79%, according to TradingView data. Altcoins market cap has also considerably surged in longer timeframes, with a 91.31% and 52.46% jump in the last six months and the past year. This “big run,” as Sherpa called it, sits the cryptocurrency market at levels like those seen in 2022. However, what worries the crypto analyst is, despite the overall performance, “many alts didn’t even run that hard over the last few months.” He illustrated his point with Chainlink’s native token, LINK. Despite the +500 days of accumulation, LINK investors only got 3-4x gains depending on when they go in. Now, the token’s price is “strongly pulling back.” Expectations for altcoins during this cycle seemingly play a significant role in the current sentiment. As one X user pointed out, LINK was anticipated to be one of the biggest winners of this cycle, Sherpa replied that he “expected more lol.” The user playfully commented, “No dino coins and new and shiny coins are the better bet.” How Did The Market Change? The previous comment highlights what appears to be a significant difference between this bull run and the 2020s. Choosing your bag has become more difficult since the market has expanded significantly. Sherpa considers that “now more than ever, it is super important to choose the altcoins that are going to run hard.” In 2020, the massive altseason made “everything go up consecutively.” This time, the liquidity is more fragmented, and “only a few sectors are pumping.” The AI and memes sectors have been the hottest topic in 2024, and layer-1 (L1) tokens, like SEI, have also performed well. “Everything else? Not great,” remarked Sherpa. The massive number of tokens, both newly launched and old ones, are finding it more difficult to “capture mindshare/attention.” Regarding retail investors, the analyst is not surprised that the default choice is memecoins instead of “trying to learn about some DeFi veRewards type of stuff. Or Oracle or L1s or modular or anything else.” The analyst suggested investors “move to real value” like ETH and SOL. He also considers that big token launches, with significant money behind them, “have some real value.” These coins, as stated in the post, have the potential to “do very well” once Bitcoin stabilizes. Sherpa’s market analysis closes with a “pretty bearish” outlook for the following months. The growing difficulty in keeping user attention and “for people to become strong users/community members” for many projects has made the market a different playground. Ultimately, the analyst pointed out that “portfolio rebalances are necessary” and said he still believes this run is not over. Related Reading: Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why Altcoins market cap sitting at $981 billion in the weekly chart. Source: TOTAL2 on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
The post Solana & Cardano Appear Bearish Ahead of Bitcoin Halving, What if They Drop Below Their ‘Key-Resistance’? appeared first on Coinpedia Fintech News
Solana (SOL) Price Analysis After undergoing a massive bearish trend, the Solana price is now resting on the critical support level. The bulls are utilising all their energy to prevent a breakdown from the levels but a small weakness may eventually end up in a blunder. The selling volume has increased to a large extent, …
In the tumultuous world of cryptocurrency, where prices can soar to unprecedented heights one day and plummet to new lows the next, XRP, the digital asset associated with Ripple, finds itself at the center of attention once again. Despite recent dips in its value, XRP enthusiasts remain steadfast in their optimism, fueled by the unwavering confidence of cryptocurrency analyst Javon Marks. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? Analyst’s Bold Prediction Marks, known for his bullish outlook on XRP, has boldly predicted a jaw-dropping 400x surge in the price of XRP, envisioning the digital asset reaching the remarkable territory of $288. This audacious forecast comes in the face of recent challenges for XRP, including a notable dip in value and ongoing market turbulence. With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for $200+. Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER! A mind-boggling, +33,030% run from… https://t.co/RWklG3ALh0 pic.twitter.com/r1Jie98X9s — JAVON⚡️MARKS (@JavonTM1) April 5, 2024 Resilience Amidst Challenges XRP has weathered its fair share of storms in recent weeks, experiencing a 24% decline from April 11 to 13, sending it to its lowest value since May 2023. Despite this setback, the digital asset showed resilience, bouncing back with a 5% rise on April 14. However, this recovery was short-lived as bearish sentiments regained control. Chart: TradingView At the time of writing, XRP was trading at $0.50, up a measly 0.7% in the last 24 hours, but sustained an 18.2% loss in the weekly timeframe, data from Coingecko shows. Source: Coingecko A psychological support, the $0.5 level tends to keep people comfortable if the price stays above it; a decline below it can alarm them. A breakdown below this level is significant because it may encourage traders to sell more because they think the price will drop even further. XRP market cap currently atis now trading at $63,454. Chart: TradingView Analyzing The Trends Marks’ analysis hinges on XRP’s historical performance, particularly its ability to break out of downward trendlines. He points to a significant breakout in July 2023 following a pivotal ruling in the SEC vs. Ripple case. Despite subsequent corrections and occasional bearish pressure, XRP has managed to remain above these trendlines, signaling a strong bullish trend that Marks believes will pave the way for a monumental price surge. Short-Term Challenges Despite the long-term optimism, XRP faces immediate challenges in the form of resistance and bearish sentiments. Trading below the 50-day Exponential Moving Average (EMA) and struggling to surpass the $0.50 mark, XRP must navigate through short-term obstacles before realizing its full potential. Related Reading: Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value As XRP enthusiasts eagerly await the fulfillment of Marks’ bold prediction, it’s essential to acknowledge the inherent volatility and uncertainty that characterizes the cryptocurrency market. Factors such as regulatory developments, market dynamics, and broader trends within the cryptocurrency space can all influence XRP’s price trajectory. Featured image from Pexels, chart from TradingView
The post Top 5 Solana-Based AI-Crypto Projects To Keep an Eye on appeared first on Coinpedia Fintech News
Despite facing some transaction troubles lately, Solana stands out as a top contender for AI and crypto ventures needing lightning-fast transaction handling. Thanks to its parallelized environment, it’s caught the eye of io.net, a decentralized network providing global GPU resources for AI and machine learning. In a series of X posts, Bankless has widened the …