The post Crypto Market Watch: Why Notcoin, ZkSync, and Toncoin May Decline This Week? appeared first on Coinpedia Fintech News
Top crypto-tokens continue to trade under a bearish influence with the market leader, Bitcoin price recording a low of $62,128.03 with a drop of 3.13% in valuation. This highlights an increased selling-over-buying pressure in the cryptocurrency market. Moreover, top altcoins have experienced a similar trend by recording significant corrections in their respective portfolios. Further, tokens …
The post Bitcoin Confirms ‘Summer Lull’: Price Nears $60K Amid Bearish Historic Trends appeared first on Coinpedia Fintech News
Why is Bitcoin dumping? Bitcoin recently fell below $62.5k, hitting a new monthly low. Analysts note that while this price action isn’t ideal, it’s not unusual for Bitcoin and altcoins. However, despite the sideways movement, this period is seen as a good time to position or reposition portfolios for future success. Major market dips should …
The post Altcoin Market Might Crash 30-40% If Bitcoin Price Drops Below $60K This Week appeared first on Coinpedia Fintech News
The total cryptocurrency market cap dropped 3 percent in the past 24 hours to hover around $2.4 trillion on Monday during the early Asian session. The market turned bearish over the weekend as Bitcoin’s (BTC) price continued its recent downward trend. The flagship coin closed last week around $63k, a major support/resistance level that has …
The post Top Altcoins To Watch For The Upcoming Week! appeared first on Coinpedia Fintech News
The cryptocurrency market continues to record a weak price action with top tokens constantly trading under a bearish sentiment. Moreover, the market leader, Bitcoin price, has plunged toward its important support level of $64K, suggesting a bearish outlook for the elite tokens in the coming time. However, mid-cap altcoins have continued to display a strong …
The post Top Five Altcoin Gems Poised for 10x Gains by July appeared first on Coinpedia Fintech News
The crypto market is currently facing a challenging period and while Bitcoin struggles to remain above $65,000, several altcoins are experiencing a widespread decline in prices. Analyst Virtual Bacon took to his latest video and gave a list of altcoins to stack before July. He said that all the altcoins featured in the list have …
The post Top Memecoins For 2X Surge Next Week! appeared first on Coinpedia Fintech News
With the top cryptocurrencies continuing to display a consolidated price action, the low-cap and mid-cap memecoins have displayed increased price action by adding significant valuations to their respective portfolios. Moreover, this highlights an increase in the buying pressure for memecoins in the cryptocurrency market. With the rising dominance of memecoins in the crypto space, are …
Toncoin, the brainchild of messaging app giant Telegram, is making waves in the cryptocurrency world. A recent report by CryptoQuant, a leading crypto analysis platform, has identified Toncoin as one of the fastest-growing blockchain networks. While established giants like Bitcoin reign supreme in daily transaction volume, TON’s growth metrics paint a compelling picture of a network poised for a breakout. Related Reading: Follow The Whales? Arthur Hayes Buys Pendle, Token Soars 25% Transaction Velocity: A David-Vs-Goliath Story While Bitcoin processes a staggering $50 billion daily in transactions, TON’s daily volume sits between $5-$10 billion. This, at first glance, might seem like a David-and-Goliath scenario. However, there’s a crucial detail to consider: TON is only four years old, a mere pup compared to Bitcoin’s seasoned presence. This rapid climb in transaction volume for such a young network suggests a growing appetite for TON’s capabilities, particularly for facilitating large transfers of digital assets. On-chain metrics of $TON are going parabolic! “The transfer volume ranges between $5.0B ~ $10.0B. For comparison, #Bitcoin‘s average daily transfer volume is around $50.0B. This indicates that #TON has already achieved between 10% Bitcoin’s capacity.” – By @JA_Maartun Read… pic.twitter.com/56VjsAGOwL — CryptoQuant.com (@cryptoquant_com) June 20, 2024 Related Reading: Tron’s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa Crypto analysis reveals a tenfold increase in TON token holders over the past year, skyrocketing from 2.9 million to over 30 million. This surge in user adoption suggests a growing trust in the network and could potentially pave the way for a more robust and vibrant TON ecosystem. A larger user base translates to a wider pool of developer talent, increased opportunities for innovation, and ultimately, a stronger network effect that attracts even more users. Messaging App Integration: A Catalyst For Crypto Adoption? The unique advantage TON possesses lies in its connection to Telegram, one of the most popular messaging apps globally, boasting over 900 million users. This integration has the potential to be a game-changer for crypto adoption. Challenges Ahead For Toncoin However, there are still hurdles to overcome. The regulatory landscape surrounding cryptocurrencies remains complex, and TON will need to navigate these challenges to achieve mainstream adoption. Additionally, questions linger about the scalability of the TON network. Can it handle the massive influx of users that Telegram’s integration might bring? Meanwhile, as TON boasts impressive growth in users and transaction volume, its token price hasn’t quite mirrored this enthusiasm. In the last 24 hours, TON has dipped 0.5%, and over the past week, it’s down 10.4%. Featured image from California Business Journal, chart from TradingView
The post Identifying the Strongest Altcoins During the Crypto Market Crash appeared first on Coinpedia Fintech News
Analyst Miles Deutscher recently revealed that retail investors are losing faith in new token launches with high valuations and poor airdrop execution, leading to a preference for buying tokens with better public market liquidity. The analyst said that recent projects have had lower valuations in the public market compared to their private market valuations, suggesting …
The post Altcoin Market Crash: Why Solana, Avalanche, and Others Are Plummeting appeared first on Coinpedia Fintech News
The crypto market is in a consolidation phase after a strong rally from October to March. While this is manageable for Bitcoin and Ethereum investors, those holding smaller altcoins are feeling the pinch. The sentiment in crypto communities has turned negative, with many altcoins seeing substantial drops. Read on to get the actual pulse of …
The post Why Ethereum (ETH) is The Best Crypto To Invest in 2024? appeared first on Coinpedia Fintech News
ETH, the leading altcoin, is set for a transformative month. As of June 22, ETH trades at $3,501 with a market cap of $428 billion. It has dropped 1.06% in the past week and 0.21% in the last 24 hours, with a trading volume of $15 billion, ranking it third. Recent developments in Ethereum (ETH) …
The post Crypto Market Bloodbath: Are THESE Altcoins Doomed? appeared first on Coinpedia Fintech News
Altcoins are in freefall! Prices are plummeting, and investors are scrambling for answers. What’s causing the chaos? In recent months, a perfect storm of massive token unlocks, venture funds cashing out, and a disappearing crowd of new investors has sent altcoin prices spiraling downwards. In a recent YouTube video, Crypto Banter discussed the tough times …
The post Crypto Market Predictions: Top Winners & Losers of 2024 appeared first on Coinpedia Fintech News
Rounding up all crypto enthusiasts – are you ready?! Santiago R Santos, a well-known figure in the crypto world, recently shared his market outlook for the rest of 2024 – and it’s explosive! Will Bitcoin soar to new heights? Is an altcoin bloodbath on the horizon? Dive in to see what Santos sees in the …
The post Beercoin Down by 80%: Party Seems To Be Ending for Solana-Based Meme Coin appeared first on Coinpedia Fintech News
LookonChain’s analysis recently reported that another major wallet associated with the Beer Coin is on a selling spree, causing the price to plummet by over 80% in the last few days. Despite Beer Coin’s initial excitement and strong community, it now seems to be the end. Recently, the coin was listed on the Raydium decentralized exchange …
The post Memecoins in Deep Distress: While FLOKI, WIF, BONK, and PEPE Plunge Hard, It Could be a Good Buying Opportunity as Well appeared first on Coinpedia Fintech News
The bearish cartel launches a fresh attack over the crypto space and drags the BTC price below $65,000 for the first time in the past 40 days. Meanwhile, memecoins like FLOKI, WIF, & BONK price near double-digit losses. Here’s what to expect from these tokens by the end of the month. FLOKI (FLOKI) Price Analysis …
The post Michaël van de Poppe Predicts a Major Altcoin Pump Triggered by Ethereum’s Market Resilience appeared first on Coinpedia Fintech News
The cryptocurrency market has turned bearish in the midterm as Bitcoin (BTC) price slipped below $64k on Friday during the London session. The notable cash outflows from the United States-based spot Bitcoin exchange-traded funds (ETFs) in the past five days have weighed heavily on the bullish sentiments. On Thursday, Grayscale’s GBTC and Fidelity’s FBTC led …
The post Solana ETF Coming Soon? 3iQ Files for Solana ETP on the Toronto Stock Exchange appeared first on Coinpedia Fintech News
The market is buzzing with news of ETF one of the hot topics for all crypto fans globally. After months of speculation, Solana ETF work is going on. Digital asset manager 3iQ has filed for a Solana (SOL) exchange-traded product (ETP) listing on Canada’s Toronto Stock Exchange (TSE), marking a potential first for North America. …
The post Everything Looks Well for Ethereum, Solana and Binance Coin; Altcoin Rally Soon? appeared first on Coinpedia Fintech News
Jason Pizzino recently explained in detail that the market is in a stealth zone, showing signs of a significant low. During these stealth periods, he said that fear increases, and market interest drops, leading to smaller range bars after initial scares. Despite possible future scares, key levels like the 50% mark are holding, with lows …
The crypto market has entered an undervalued region with market intelligence platform, Santiment, revealing three major altcoins to watch out for. Santiment’s analysis has indicated the potential for these three altcoins to outperform Bitcoin (BTC), Ethereum (ETH) and XRP in this market cycle. Cardano, Shiba Inu, and Dogecoin Are The Altcoins To Watch In an […]
The post Ethereum Price Gains Momentum Above $3,500 Amid Surging Whale Interest: What’s Next for ETH? appeared first on Coinpedia Fintech News
Ethereum has successfully overcome its regulatory challenges as the SEC concluded its investigation into ETH. This news has boosted buying confidence in ETH, even with bearish pressure on the Bitcoin price chart. Additionally, there is a notable increase in on-chain metrics, indicating potential for further upward movement in the coming hours. SEC’s Closure of Investigation …
The post Ethereum-based Altcoins Lead The Rally! ENA And ENS Tokens To Outperform Top Altcoins? appeared first on Coinpedia Fintech News
Following the conclusion of Ethereum’s ongoing case with the SEC, the cryptocurrency market has experienced a strong bullish reversal with top tokens recording significant gains in their respective valuation. Moreover, the Ethereum price has jumped 3.5%, resulting in it reclaiming the $3.5K mark. With this, top Ethereum-based tokens such as ENA and ENS have successfully …
The post Decoding the Possibility of Pepe (PEPE) Price Smashing a New ATH After the Latest Rebound appeared first on Coinpedia Fintech News
Pepe has gained immense attention in recent times after the splendid surge of over 1200% to mark a new ATH at $0.00001725. Unfortunately, this attracted huge bearish activity, which caused the price to drain by over 40% to mark the monthly lows at around $0.00000968. This move may have attracted the required liquidity, which assisted …
The post Raoul Paul Makes Epic Prediction For Solana Amid Market Plunge appeared first on Coinpedia Fintech News
The founder and CEO of Real Vision has delivered an epic prediction for Solana, linking its potential growth to bananas, which are slowly ripening but should be magnificent in the autumn. He has exhibited his belief in a substantial future price upswing for SOL. Pal suggested that the current price drop might present a buying …
The post SEC Suspends its Investigation into Ethereum 2.0: Will This Be the Catalyst to Propell ETH Price to $4000? appeared first on Coinpedia Fintech News
A major win for the Ethereum developers as the US SEC suspends all its investigation into Ethereum 2.0. The SEC has earlier approved an investigation to examine the buy-sell-trade of individuals and entities. However, in a recent update shared by Cosensys, the blockchain development company behind Metamask, the SEC notified the company of the withdrawal …
The post Altcoins Are Preparing for a Major 30% Crash, Analyst Issues Grave Warning appeared first on Coinpedia Fintech News
Analyst Josh of Crypto World said that right now, a massive warning signal is still flashing on the Bitcoin chart, with the price continuing to decline from a critical area of resistance. Meanwhile, a new trading setup has been revealed on an altcoin chart. Considering these developments, and as long as we see net outflows, …
Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations in the past day after the crash the altcoins have seen. Altcoin Longs Witness Squeeze, Ethereum Leads In Liquidations The past day has been a volatile time for the cryptocurrency market, with the majority of the altcoins suffering from drops of more […]
Renowned crypto analyst Doctor Profit recently released “The big altcoin report” for the third quarter of the year, suggesting further downward movement for the market. Based on historical performance and the current state of the market, Doctor Profit warns of an impending altcoin market crash triggered by an episode of uncertainty and a recent price correction in the top 100 cryptocurrencies, led by Bitcoin (BTC). However, the analyst remains optimistic, highlighting potential buying opportunities and optimal entry points for several top altcoins. Altcoin Market Correction Doctor Profit draws attention to the altcoin market’s recent exponential growth, with market capitalization surging from $300 billion to nearly $800 billion between October 2023 and March 2024, representing a 150% increase in just five months. Related Reading: From Cheers To Tears: Beercoin (BEER) Dries Up, Loses 70% Of Its Value Corrections following such significant growth are deemed normal but can prove challenging for retail investors. The recent correction of 25%, bringing the market cap to around $550 billion, is regarded as a healthy adjustment by the analyst. Doctor Profit believes that altcoins have nearly reached their bottom and are poised for another substantial rise, potentially reaching a market cap of $1 trillion and setting new all-time highs. The analyst parallels the current market situation and previous cycles, emphasizing the repetitive pattern of sideways movement and dumps followed by explosive growth. Doctor Profit identifies several altcoins with optimal buying levels based on their current prices and expected retracements. For instance, the native cryptocurrency of the 3D metaverse game, The Sandbox (SAND), is currently trading at $0.31. Doctor Profit suggests a potential retracement of $0.22 would present an optimal buy zone. Another altcoin, Stacks (STX), a Bitcoin Layer 2 token, currently trades at $1.61. Doctor Profit recommends a downside target and buy zone of $1.48. Similarly, Arbitrum (ARB), a Layer 2 token, is currently trading at $0.78, with losses of over 10%. Doctor Profit identifies $0.61 as the best-buy zone for this token, suggesting further losses in the coming days. Mid-July Rally Forecasted Moving on to larger altcoins, Doctor Profit analyzes Ethereum (ETH), the second-largest cryptocurrency. Despite being the largest altcoin, Ethereum has witnessed a 3% drop, with the current trading price at $3,430. Doctor Profit’s analysis suggests a potential decline towards $2,890, indicating an entry point for a long position. Binance Coin (BNB), which recently reached a new all-time high of $725, is expected to retrace almost 50% to $396, presenting the best entry point according to the expert. Currently, BNB has retraced to $585. Doctor Profit further notes that other altcoins expected to retrace substantially include Optimism (OP), the Sei (SEI) token, Toncoin (TON), Notcoin (NOT), and Omni (OMNI). These altcoins have recorded price drops ranging from 8% to 17%, reflecting investor sentiment. Doctor Profit provides specific price targets and optimal buying levels for these altcoins. Doctor Profit advises caution due to potential “market maker manipulation” and order placements at the same levels. The analyst sets orders 3-5% higher or lower than the identified optimal buying levels to avoid missing out. Related Reading: Bitcoin, Solana Suffer As Institutional Investors Pull $600 Million Out Of Crypto Funds Lastly, Doctor Profit highlights the upcoming Ethereum ETF launch on July 2nd. While not expecting a significant pump on that day, similar to the Bitcoin ETF launch, the analyst predicts a sideways or bearish trend for altcoins in the next 3-4 weeks. However, a significant reversal and the start of a new altcoin rally are anticipated by mid-July. The analyst emphasizes that altcoins are currently low, and only a few will succeed. Based on the provided analysis, Doctor Profit believes that the altcoin market cap is 10-15% away from its bottom, making it an opportune time to invest for long-term gains. Featured image from DALL-E, chart from TradingView.com
The post Bitcoin (BTC) Price Might Crash To $60K This Week: Here’s Why appeared first on Coinpedia Fintech News
Bitcoin continues to experience significant selling pressure, influenced by the Federal Reserve’s indication of maintaining higher interest rates longer than anticipated. This environment has led to substantial outflows from Bitcoin investment products, amounting to $620 million last week. Bitcoin ETFs, in particular, have faced heavy losses. Let’s analyze the BTC movement in the coming weeks. …
The post Crypto Market Crash: Top Altcoins Might See 30% Drop in Next 10 Days, Here’s Why appeared first on Coinpedia Fintech News
The crypto market experienced a rollercoaster week, with significant developments affecting various coins. The Red Coin (RWE) reached unprecedented levels, while altcoins showed signs of weakening after a bullish year. The surge in meme coin hype and the emergence of the FOMC contributed to this volatility, leaving traders and investors in a state of emotional …
The post Toncoin Hits A New TVL Above $600 Million: Will It TON Price Hit $11 Soon? appeared first on Coinpedia Fintech News
While the broader market is struggling to sustain the negative downturn, Toncoin (TON) is showing strong performance, currently trading at $7.83. It has gained 5.11% in the past day, 3.94% over the week, and an impressive 15% for the month. With a market cap of $19 billion, TON ranks ninth among the leading cryptocurrencies as …
Technical indicators are casting a shadow over Polkadot, the blockchain interoperability stalwart. The token has dipped below the Ichimoku Cloud, signaling a clear downtrend. Adding to the bearish outlook, both the conversion line and the baseline of the Ichimoku indicator loom above the current price, intensifying the negative sentiment. Related Reading: XRP Whale Goes On Shopping Spree: 27 Million Coins Snapped Up As Price Dips Polkadot (DOT) is entangled in a fierce battle with a relentless bear. Once soaring high with its promise of connecting different blockchains, the token now grapples with breaching the stubborn $7 resistance level. Over the past two weeks, it has slipped to as low as $6.16, stirring unease among investors. A saving grace might be found in the proximity to the lower Bollinger Band, which hints at oversold conditions. This could trigger a short-term bounce if buying pressure surges. Holding The Line: $6.20 Support Zone In Focus The next few days could be pivotal for DOT. All eyes are glued to the $6.20 consolidation zone, which will likely determine the course of the coming battles. If DOT can successfully hold this ground, it could establish a base for a bullish reversal, especially if it manages to breach past the resistance at $6.30. However, a breach of this critical support level could lead to a demoralizing plunge towards $6.00 or even lower, if the bears tighten their grip. Analyst Sounds Bullish Trumpet Despite Bearish Symphony While the current market sentiment surrounding Polkadot seems bleak, there’s a sign of hope on the horizon.. Prominent crypto analyst Michaël van de Poppe sees a silver lining amidst the storm clouds. He views DOT’s descent towards the crucial support zone as a golden opportunity to accumulate the asset at a discount. $DOT reaching the crucial area of support and the area for accumulation. Given the upcoming RWA narrative and the large number of projects within the Polkadot ecosystem, this one is going to be a great mover in the coming years. pic.twitter.com/2ssYuzGJtZ — Michaël van de Poppe (@CryptoMichNL) June 15, 2024 This strategic play aligns with the burgeoning interest in Real World Assets (RWAs) and the ever-expanding universe of projects within the Polkadot ecosystem. Van de Poppe believes these factors, coupled with a potential breakout, could propel DOT towards significant growth in the years to come. Van de Poppe’s analysis identifies a critical support range for DOT between $5.67 and $6.11. He emphasizes the importance of establishing a higher low within this zone to maintain bullish momentum. The analyst also highlights two significant resistance levels that DOT must conquer for a triumphant breakout. The first hurdle lies around $9.30, while the ultimate test lies near $17.00, which would involve closing a price gap. Related Reading: Breakout Alert! Chainlink (LINK) On Verge Of Major Surge, Analyst Says Polkadot: Bumpy Ride Ahead? Polkadot’s short-term future appears uncertain. While technical indicators suggest a bearish bias, the analyst’s perspective offers a glimmer of hope for long-term investors. The $6.30 support zone will be the battleground where the fate of DOT will be decided in the coming days. If the bulls can successfully defend this territory, a potential breakout fueled by ecosystem growth and the RWA narrative could be on the horizon. However, if the bears breach this crucial support level, DOT might face a period of extended consolidation or even a deeper correction. Featured image from Shutterstock, chart from TradingView