The post Altcoins Display Strength UNI Price Eyes 15% Rise While TON Price Marks New High appeared first on Coinpedia Fintech News
The crypto markets have again begun to consolidate after the Bitcoin price plunged from one of the key support zones. While the top altcoins are expected to closely follow the rally, the others are displaying enough strength. Regardless of the significant drop in volume, Uniswap (UNI) has maintained a strong ascending trend, followed by Toncoin …
The post Solana Faces Bearish Pressure Despite Bullish On-Chain Metrics: What’s Next for SOL’s Price? appeared first on Coinpedia Fintech News
In recent weeks, Solana (SOL) has gained considerable attention as its price faces extreme volatility due to the recent CPI news. This follows Bitcoin’s recent challenge in maintaining a clear trend above the psychological threshold of $70K. Amid a bearish pressure, Solana has experienced shifts in key on-chain metrics, suggesting the potential for a significant …
The post List of strong altcoins to stack before the bull run appeared first on Coinpedia Fintech News
The crypto market is known for its volatility, but seasoned analysts know how to spot potential in the chaos. One such analyst of Selected Investments recently brought to attention a selection of altcoins that show resilience and potential for rapid growth once market sentiment shifts. Here’s a detailed analysis: Identifying Resilient Altcoins Livepeer: Livepeer is …
The post Has AI Boom Restored As RNDR And FET Price Record Huge Gains? appeared first on Coinpedia Fintech News
The crypto market continues to display increased price volatility with top altcoins displaying significant price fluctuations in their respective portfolios. Moreover, following the release of the CPI data, the market experienced a bullish price action. Moreover, top Artificial Intelligence (AI) tokens such as Render and Fetch.ai recorded a bullish jump in their respective portfolios after …
Ethereum (ETH) bulls got a taste of fire on June 11th as the altcoin’s derivatives market witnessed a dramatic surge in long liquidations. According to data from Coinglass, this event marked the highest level of long liquidations since May 23rd, signifying a significant correction for traders who bet on rising prices. Related Reading: Shiba Inu Loses 14% In Last 7 Days – Will The Misery Worsen? Crimson Chart: Long Positions Liquidated Overconfident investors piled into long positions, essentially placing a wager that Ethereum’s price would climb. However, the market had other plans. An unexpected price drop sent shivers down the spines of these bulls, triggering a wave of liquidations. As the price dipped below a certain threshold set by the exchange (known as the margin requirement), these positions were forcefully closed to prevent further losses for the unfortunate traders. The result? A collective sigh of relief for some exchanges, but a hefty bill for liquidated bulls, totaling over $60 million on that fateful day. Positive Funding Rate Offers A Glimmer Of Hope While the market correction sent shockwaves through the Ethereum derivatives landscape, a silver lining emerged in the form of a positive Funding Rate. This metric essentially reflects the fees paid by traders holding short positions (betting on a price decline) to those holding long positions. In simpler terms, a positive Funding Rate indicates a stronger demand for long positions, suggesting that even amidst the carnage, some investors remain optimistic about Ethereum’s long-term prospects. This positivity is further bolstered by the fact that ETH’s Funding Rate hasn’t dipped into negative territory since May 3rd. A Temporary Hiccup? The jury’s still out on whether this event represents a fleeting blip or a more concerning trend. While the positive Funding Rate offers a glimmer of hope, the significant drop in derivatives activity paints a different picture. The past 24 hours have seen a worrying decline in both options trading volume (down 50%) and Open Interest (total outstanding contracts, down 2%). This suggests a potential flight from the market, with fewer participants actively trading options contracts or holding open positions. Ether Price Forecast Meanwhile, the current Ethereum price prediction by CoinCodex suggests a 2.46% rise to $3,636 by July 13, 2024. Despite this positive outlook, the market sentiment remains bearish. The Fear & Greed Index stands at 70 (Greed), indicating strong investor interest. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Over the last 30 days, Ethereum has shown significant volatility, with positive gains on 53% of the days and an overall price fluctuation of 8.63%. While the short-term forecast is optimistic, the mixed signals highlight the need for cautious investment given the current market unpredictability. Featured image from SignatureCare Emergency Center, chart from TradingView
The post Terra Tokens Make A Move! LUNC And LUNA Tokens To Surge Amid SEC Settlement? appeared first on Coinpedia Fintech News
Following the positive outcome of the 5th U.S. CPI data release yesterday, the crypto market experienced a strong bullish reversal with the market leader, Bitcoin price, adding approximately 5% to its portfolio. On the other hand, following the settlement news of Terra Labs and Do Kwon with the SEC, Terra tokens experienced strong bullish price …
The post DADDY Token Surges 450% After Andrew Tate’s Endorsement appeared first on Coinpedia Fintech News
Andrew Tate recently endorsed a new meme coin, leading to a surge in its value. The latest token he promoted, DADDY, skyrocketed past a $275 million market cap. However, on-chain analysts are alleging major insider activity behind its surge. Tate’s tweet about the DADDY token has resulted in the Solana token rising over 450%, reaching …
The post Terraform Labs to Settle SEC Dispute with $4.47 Billion Payment appeared first on Coinpedia Fintech News
Terraform Labs has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to pay $4.47 billion, resolving a significant dispute. This comes from the $40 billion market loss in 2022 caused by the Terra ecosystem collapse. Terraform Labs to Pay Nearly $4.5 Billion in SEC Settlement The Securities and Exchange Commission has requested …
The post Stacks (STX) And Kaspa (KAS) Record Bullish Reversal! Will They Hold Momentum? appeared first on Coinpedia Fintech News
With the 5th US Core CPI (YoY) data releasing at 3.4%, lower than forecast (3.5%) and previous(3.6%), the cryptocurrency market has displayed a strong comeback with the price of Bitcoin recording a jump of approximately 5% post-release. Following in their footsteps, the altcoins displayed a similar trend by adding significant valuation to their respective portfolios. …
The post What’s next for Solana, Render, Fetch.ai and other potential altcoins? appeared first on Coinpedia Fintech News
There is still a big question mark if certain coins, like Solana and Ethereum, are likely to lead the impending pump, with Bitcoin paving the way. While altcoins may initially lag behind, they typically catch up in a few days and analysts have started rolling out lists of coins to keep an eye on and …
The post After Reaching $10, Here’s What’s Next for UNI Price: Will it Rise to $13 or Drop Back to $8? appeared first on Coinpedia Fintech News
Uniswap, the popular DeFi token, seems to have regained bullish attention as the prices have constantly displayed strength over the past couple of days. The platform witnessed a steep rise in trading volume of over 300% in just a few hours and reached close to $900 million from levels below $300 million. Although the volume …
The post Ethereum Launches a Strong Rebound: ETH Price May Form a New ATH if Bulls Manage to Achieve These Levels! appeared first on Coinpedia Fintech News
The crypto markets faced a severe crash and began to coil up within a pennant, much like the Ethereum price rally, which is stuck in a similar phase. After the spot Ethereum ETF approval, the ETH price soared by over 20% in a day. This raised the hopes of the market participants, who had turned …
Shiba Inu (SHIB) might be facing its own demise as analysts predict a continuation of its week-long price decline. The meme coin, known for its association with the adorable Shiba Inu dog breed, has lost nearly 14% of its value in the past seven days, raising concerns about its future. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Bearish Signals Fill The Air Technical indicators often used to gauge market sentiment are flashing red for SHIB. The Relative Strength Index (RSI) and Money Flow Index (MFI) currently sit at 38 and 35, respectively. While these values suggest the asset might be oversold and ripe for a rebound, other indicators paint a bleaker picture. The Elder Ray Index, which measures the strength of buyers versus sellers, has been firmly in negative territory since June last week, indicating a clear dominance of bears in the market. The current technical outlook for SHIB is bearish. The lack of buying pressure combined with strong selling momentum suggests the price could drop further in the short term. Analysts expect to see SHIB retreating to the $0.000020 mark. Is The Howl Of The Crowd Fading? NewsBTC’s analysis also highlights a potential decline in investor interest for the self-proclaimed “Dogecoin Killer”. This waning enthusiasm could be a significant contributing factor to the price drop. The meme coin’s initial surge to prominence relied heavily on social media hype and community-driven movements. However, with the overall cryptocurrency market experiencing a correction, and meme coins facing increased scrutiny, the “Shiba Army” might be losing some of its steam. While the immediate future appears bleak for SHIB, a complete collapse isn’t entirely out of the question. Market sentiment could trigger a price rebound. If bulls regain control and investor confidence returns, SHIB could potentially climb back up to the $0.000024 mark. However, analysts warn that this scenario hinges heavily on unforeseen market forces and a renewed wave of community support. SHIB Price Forecast Meanwhile, with a projected value of $0.00007 by July 12, 2024, the present analysis of Shiba Inu (SHIB) points to a large potential price growth of 226%. But even with this bullish price forecast, the technical indications show that the market is still pessimistic. Related Reading: Cardano (ADA) Headed For Reversal? Analyst Eyes $0.50 As Turning Point The Fear & Greed Index, which pegs high levels of greed at 72, supports this feeling. Shiba Inu’s price volatility over the last 30 days has been moderate at 4.50%. Only 40% of the days have seen increases, suggesting that there hasn’t been much bullish momentum. Featured image from Reddit, chart from TradingView
Crypto analyst Altcoin Sherpa recently outlined five altcoins that could provide crypto investors and traders with significant gains. He noted that these coins were looking “pretty strong” at the moment despite a lot of other tokens looking like “crap.” Five Altcoins To Keep An Eye On In an X (formerly Twitter) post, Altcoin Sherpa mentioned Injective, Wormhole, JasmyCoin, Stacks, and Toncoin as the altcoins that are looking strong at the moment. He revealed that he has eyes on these coins and is looking to actively trade them at some point. In a series of other X posts, he explained why he believed some of these coins were strong. Related Reading: Crypto Analyst Predicts 800% Rally To $6,000 For BNB, Here’s The Timeline In one X post, he talked about Wormhole and claimed that it was one of the strongest coins. He advised traders to keep an eye on it if they are actively trading. He further revealed that he would be looking to buy Wormhole if it breaks out. He added that if Wormhole pulls back strongly, it will likely continue to trade within its current range as it is not ready for that “big move.” In another X post, Altcoin Sherpa touched on JasmyCoin and stated that the coin is “extremely strong,” seeing as it didn’t “budge” despite the pullbacks in the crypto market. He claimed that JasmyCoin could rise to as high as $0.067 before it experiences any significant pullback. He added that he wasn’t actively trading it, but it is one to watch. Altcoin also provided insights into Toncoin’s price action, which he claimed was “weird,” with the top end being a supply zone and its price pulling back. However, he remarked that he is still bullish on the coin because it is enjoying a lot of attention, mainly thanks to Notcoin. The analyst views the $6 price range as a level to bid for anyone who believes that Toncoin will still break past its previous highs. Altcoin Sherpa also seems bullish on Notcoin. He recently claimed that he has changed his mind about the token since its price action has calmed down and there is less volatility. He highlighted the consolidation pattern that has formed on Notcoin’s chart, which suggests that it is still primed for major moves to the upside. A Meme Coin To Watch Out For Altcoin Sherpa is also bullish on Dogecoin and suggests that it is a meme coin to watch out for. He noted that Dogecoin is still looking pretty good on the high-time frame charts despite many memes looking choppy in the short term. He added that he expects Dogecoin to still do “big numbers” later in the year. Related Reading: Major Bitcoin Metric Breaks 3-Month Downtrend Amid Bullish Network Recovery For now, he revealed that he is still expecting more chops for the next stretch and that he won’t be rushing to buy any fresh positions for Dogecoin at its current price level. Altcoin Sherpa had previously predicted that Dogecoin would eventually rise to as high as $1 in this market cycle as it still has a lot of firepower. Featured image created with Dall.E, chart from Tradingview.com
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has created a perplexing scenario for investors recently. Despite a noticeable decline in its price, on-chain data reveals that large investors, often referred to as “whales,” are accumulating ETH. This could signal a potential buying opportunity, though technical indicators suggest a weakening uptrend, leaving Ethereum’s near-term future uncertain. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Ethereum Whales See Opportunity In Price Dip In recent analysis by NewsBTC, it was revealed that wallets holding over 10,000 ETH have been steadily acquiring more tokens since the end of May. This period of accumulation, based on Glassnode data, coincides with a drop in Ethereum’s price from around $3,074 to its current price of $3,670. The significant increase in holdings by these large investors suggests that they see the current price decline as an attractive entry point, anticipating a future price rise. Adding to the bullish sentiment, CryptoQuant’s Netflow data for Ethereum has shown a dominance of negative flows in recent weeks. This means more ETH is leaving exchanges than entering them, a traditional indicator that investors are holding onto their ETH rather than selling it. This behavior can reduce the available supply on the market, potentially pushing prices up in the long run. Related Reading: $2 Billion Crypto Funds Flow Into Market On Rate Cut Buzz Technical Indicators Raise Red Flags Despite the optimistic signs from whale accumulation and exchange outflows, technical indicators paint a less rosy picture. Ethereum has been trading in a narrow range around $3,600 for the past three days, showing a slight decline of approximately 0.8% today. While the Relative Strength Index (RSI) remains above 50, indicating a slight uptrend, it is currently on a downward trajectory. If this trend continues and the RSI falls below the neutral line, it could suggest a potential price dip. The number of #Ethereum addresses holding 10,000+ $ETH has increased by 3% in the last three weeks, signaling an important spike in buying pressure! pic.twitter.com/7qq5HgGP37 — Ali (@ali_charts) June 9, 2024 The RSI’s downward movement indicates weakening momentum, which, if not reversed, might lead to further declines in Ethereum’s price. This bearish technical outlook contrasts sharply with the positive on-chain data, creating a complex situation for investors trying to predict the market’s next move. Market Awaits A Significant Catalyst The near-term future of Ethereum appears to hinge on the emergence of a significant catalyst. Broader market sentiment could play a crucial role, with a positive shift potentially reigniting the uptrend. Additionally, upcoming news or developments specific to the Ethereum network could also serve as a catalyst for price movement. Successful upgrades or increased adoption of decentralized applications (dApps) built on the Ethereum blockchain could trigger renewed investor interest and drive prices higher. Featured image from Harbor Breeze Cruises, chart from TradingView
The post Here’s Why Altcoins Have Underperformed Against Bitcoin & AltSeason May Not Be Even Close appeared first on Coinpedia Fintech News
After a brief upswing, the markets have again begun to consolidate. While Bitcoin price slashes below $68,000, most of the altcoins have also plunged below their interim support. This raises concerns about whether the altcoins are gearing up for a huge run or they are just following the BTC price rally very closely. A popular …
Retail investors in the cryptocurrency space are exhibiting signs of turning into long-term believers, with a recent exodus of Bitcoin (BTC) and Ethereum (ETH) from centralized exchanges. Latest data shows user balances for both leading cryptocurrencies have sunk to four-year lows, with analysts interpreting the move as a bullish signal for the future. As investors […]
The post Whale Nets $22.8M Profit with 834% Gain on $PENDLE Amid 2024 Surge appeared first on Coinpedia Fintech News
A whale recently deposited 755K $PENDLE ($3.83M) to Binance, capitalizing on significant profits. This strategic trader withdrew 5.02M $PENDLE ($2.73M at the time) from Binance on August 18, 2023, when the price was $0.54. Currently, $PENDLE trades at $5.105, with a 59% jump in the past ninety days. The whale still holds 4.27M $PENDLE, valued …
The cryptocurrency market is buzzing with renewed optimism as investment funds witness a historic inflow surge. CoinShares, a leading digital asset manager, reported a record-breaking $2 billion influx into crypto funds in just one week, surpassing the entire month of May’s net inflows. This positive trend, now spanning five consecutive weeks, has propelled total assets under management (AUM) in crypto funds back above the coveted $100 billion mark, a level last seen in March 2024. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Bitcoin ETFs Fueling The Fire Bitcoin, the undisputed king of cryptocurrencies, remains the primary focus of investor interest. The recent launch and sustained inflows into US-approved spot Bitcoin ETFs are a major driver of the current market sentiment. These exchange-traded funds, which allow investors to hold Bitcoin without directly owning the digital asset, saw $890 million pour in on June 4th alone, marking their third-largest inflow day ever. This enthusiasm for Bitcoin ETFs suggests a growing appetite for regulated and accessible ways to participate in the crypto market, potentially attracting a broader range of investors. Ethereum Shines Bright, Altcoins Show Promise While Bitcoin takes center stage, Ethereum, the second-largest cryptocurrency, is also enjoying a strong run. Ethereum funds raked in nearly $70 million last week, marking their best week since March 2024. CoinShares attributes this positive inflow to investor anticipation surrounding the upcoming launch of spot Ethereum ETFs in the US. The approval of these ETFs could further legitimize the Ethereum ecosystem and unlock significant investment potential. Beyond the top two coins, altcoins like Fantom and XRP are also experiencing a resurgence in investor interest, with inflows of $1.4 million and $1.2 million, respectively. This broader market participation suggests a potential return of investor confidence across the crypto landscape. CoinShares said it observed that inflows were unusually widespread across nearly all providers, coupled with a continued reduction in outflows from incumbents. They attribute this shift in sentiment to weaker-than-expected macroeconomic data in the US, which has heightened expectations for an imminent monetary policy rate cut. Total crypto market cap at $2.4 trillion on the daily chart: TradingView.com Crypto Price Stagnation, Economic Uncertainty Despite the surge in fund inflows, cryptocurrency prices haven’t exhibited a corresponding significant upward movement. This disconnect could be attributed to several factors, including lingering investor uncertainty surrounding the future of US economic policy. Related Reading: Bitcoin Buoyed By Big Money: Whales Gobble More BTC, Signaling Bullish Outlook The current trend of record inflows into crypto funds paints a positive picture for the future of the market. The increasing popularity of regulated investment vehicles like spot Bitcoin ETFs signifies growing institutional acceptance and potentially wider investor adoption. Featured image from Vecteezy, chart from TradingView
The post Uniswap (UNI) Price To Plunge 15% As Bearish Sentiment Intensifies? appeared first on Coinpedia Fintech News
The Uniswap price continues to display increased price volatility as the altcoins repeatedly fail to surpass its important resistance level of $11.640, indicating a strong liquidation point for the altcoin at that level. With the increasing price volatility in the crypto space in anticipation of an altcoin rally, will the UNI coin price regain momentum …
The post ROSE And AKT Tokens To Surge 20% This Week As AI Tokens Regain Momentum? appeared first on Coinpedia Fintech News
With the increased price volatility in the crypto market, the Bitcoin price has successfully reclaimed the $69,000, resulting in a bullish rebound. Moreover, top altcoins have followed in their footsteps and displayed a similar trend in their respective portfolios. Will the Artificial Intelligence (AI) category record a strong bullish bounce back this week amid increased …
The post Solana Foundation Removes Validators Over Sandwich Attacks appeared first on Coinpedia Fintech News
The Solana Foundation has announced the removal of a group of validator operators from its delegation program over their involvement in sandwich attacks on Solana users. Sandwich attack is a type of front-running exploit where an attacker places two transactions around a victim’s transaction to profit from the price changes. Notably, Sandwich attacks are against …
The post XRP price forecast: Bulls to soon take a backseat amid signs of ‘flush down and selling climax’ appeared first on Coinpedia Fintech News
XRP has been stagnant, with no major movements in the past 24 hours. An analyst from the YouTube channel ‘Pip Snipers’ posted a new video providing a detailed technical analysis of XRP’s price trend, explaining why bulls might have to wait a bit longer for gains. The analyst said that after the grind to the …
The post Top Altcoins For 100% Surge in the coming week! appeared first on Coinpedia Fintech News
Amid increased price volatility, the cryptocurrency market has displayed significant price action over the past few days. However, the top tokens continue the struggle to hold prices above their respective resistance level, indicating a mixed sentiment in the crypto space. On the other hand, mid-cap and low-cap altcoins have displayed a significant uptrend over the …
Crypto analyst Lark Davis recently predicted that this bull run could be more massive than most people imagine. He outlined why this market cycle could stand out from previous ones. Why This Bull Run Will Be “Face Melting” Davis mentioned in an X (formerly Twitter) post that crypto market participants are about to witness a “face-melting bull run.” He alluded to the influence of institutional investors as the reason why this bull run will stand out. For one, he noted how the US Spot Bitcoin ETFs already record hundreds of millions of daily inflows. Related Reading: Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75 Thanks to the impressive demand for these funds, Davis highlighted that fund issuers have purchased 56,150 BTC in the past 18 days of trading. He claims this amount of Bitcoin represents four months’ supply injected into the ecosystem by Bitcoin miners. These fund issuers aren’t only the institutions buying up the flagship crypto. Davis also noted that companies like MicroStrategy, Block, and Semler Scientific have continued to accumulate Bitcoin. The analyst also claimed that wealth managers and pension funds worldwide are “lining up” to invest in Bitcoin. Meanwhile, Davis also made reference to the Spot Ethereum ETFs and the massive impact they could have in this market cycle. These Spot Ethereum ETFs are expected to see massive inflows once they begin trading. JPMorgan predicts these funds could witness $1 billion to $3 billion in inflows, and crypto research firm K33 Research predicts these funds could witness up to $4 billion in inflows in the first five months of trading. Crypto analysts like Michael Van de Poppe have also expressed their bullishness on these Spot Ethereum ETFs, predicting that these funds could be the catalyst for a continuation of the bull run. Specifically, they predict that these Spot Ethereum ETFs could kickstart the altcoin season, with Ethereum and other altcoins experiencing major moves. Other Factors That Could Postively Impact This Run Following Davis’ post, crypto analyst Patric outlined other factors that could positively impact this bull run. First, the analyst mentioned interest rate cuts and noted that Canada and Europe’s Central Bank have already cut interest rates. He believes that the US will likely follow suit soon enough. Related Reading: Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH Secondly, Patric noted that the Fed’s treasury buyback program has started. This development, alongside the interest rate cuts, is expected to lead to quantitative easing (QE), which could boost investors’ confidence in investing in risk assets like Bitcoin and other cryptocurrencies. Lastly, the analyst noted that this is an election year, with the US Presidential election slated for November. Republican Presidential candidate Donald Trump also provided a much-needed boost to the market by affirming his pro-crypto stance. Based on this, Standard Chartered Bank predicts that Bitcoin could rise to $150,000 this year if Trump wins. Featured image created with Dall.E, chart from Tradingview.com
Chainlink (LINK), the oracle network powering decentralized applications (dApps), has been making waves in the crypto market. After a successful surge, the digital asset is now setting its sights on even higher ground, with analysts predicting a bullish run and price targets as high as $33. At the time of writing, LINK was trading at $16.27, down 6.4% and 11.0% in the daily and weekly timeframes, data from Coingecko shows. Related Reading: Crypto On Watch: Will ECB Rate Cut Fuel Bitcoin Rally? Support Levels And Re-accumulation Signal Bullish Trend LINK’s recent price action has analysts excited. The token decisively broke through a key resistance level on the daily timeframe, a bullish indicator suggesting buyers are in control. Even more promising, the price then revisited this level, not as resistance, but as a new support zone. This “flip” from resistance to support strengthens the uptrend’s validity. Adding fuel to the fire, LINK’s price has grown a healthy 25% in the last month. This significant gain reflects growing investor confidence in Chainlink’s potential. The overall sentiment surrounding the project seems to be shifting towards optimism. $LINK Ready for a Retest!#LINK broke the resistance on the Daily timeframe and is probably going to retest it as support. This would be considered bullish if the support holds. Perfect and Healthy Price Action for #Chainlink pic.twitter.com/EaxDBpVK2T — Crypto Yapper (@CryptoYapper) June 6, 2024 Analyst Sees LINK Soaring Market sentinels are taking notice of LINK’s bullish momentum. Crypto Yapper, a popular analyst in the crypto space, believes a retest of the new support level is imminent. If the price holds firm at this point, it would be a strong confirmation of the ongoing uptrend. Yapper emphasizes the importance of this potential support in establishing a positive long-term outlook for LINK. LINK Price Prediction Meanwhile, based on the latest forecast, the price of LINK is projected to rise by 30%, reaching $21.71 by July 7, 2024. However, despite this optimistic price target, several technical indicators suggest caution. The current market sentiment for Chainlink is bearish, indicating short-term pessimism among investors. Related Reading: VanEck Predicts Explosive Ethereum Growth: Could ETH Reach $2.2 Trillion? Additionally, the Fear & Greed Index, which measures market emotions, stands at 77, reflecting “Extreme Greed.” Such a high level often signals that investors are overly confident, potentially preceding a market correction. Over the past 30 days, Chainlink has shown a 50% rate of green days and a 10.73% volatility rate, indicating a balance between gains and losses but also a moderate level of price fluctuations. The Road Ahead For LINK With all eyes on Chainlink, the next few weeks will be crucial in determining the validity of the bullish predictions. If LINK can overcome the technical hurdles and reach its price targets, it could be a sign of a resurgent market for the entire cryptocurrency industry. Featured image from calheartmedical.com, chart from TradingView
Crypto expert Michael Van de Poppe recently predicted that altcoins would make significant upside moves. The analyst also provided a timeline for when this will happen and how parabolic the move could be for these crypto tokens. Altcoins Will Make A Move In The Summer Van de Poppe mentioned in an X (formerly Twitter) post […]
The post Bitmex Announces New Futures Listings for XRP, Ethereum, and Bitcoin appeared first on Coinpedia Fintech News
The popular crypto exchange Bitmex has revealed new futures listings for XRP, Ethereum, Bitcoin, and other cryptocurrencies on its platform. These listings are set to go live on June 11, 2024, and will remain unlisted until that date. This move is part of Bitmex’s strategy to expand its offerings. The trading pairs included in the …
The post Insider Nets $978K Trading $HULK Causes 85% Price Drop appeared first on Coinpedia Fintech News
An insider made a staggering 812x gain by trading $HULK, netting 5,753.6 $SOL ($978K) in just three hours. The trader spent only 7.1 $SOL ($1.2K) to buy 190.2 million $HULK (19% of the total supply) using four new wallets, then sold all for 5,760.7 $SOL ($979K). This massive sell-off caused the $HULK price to plummet …
The post Cardano Aims for $0.6 as Whale Interest Spikes: Will Bulls Hold the ADA Price? appeared first on Coinpedia Fintech News
Cardano’s price remains confined to a narrow trading range after several unsuccessful attempts by bulls to trigger a bullish rebound. While Bitcoin’s price surges past the $70,000 mark, gaining momentum, the altcoin market has not displayed any promising signs. This has led to a consolidation in ADA’s price. Nonetheless, analysts are bullish about a potential …