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After the market’s extreme overreaction yesterday, Helium, and the entire crypto market, booms in value. According to the latest market data, HNT rocketed up by 31% in the past 24 hours representing a strong flip from bearish to bullish.  Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up Helium’s recent performance can be attributed to a strong investor base, built over the years by constant innovation that was only overrun by market anxiety since the market’s correction phase. Despite this, the platform has continued to innovate despite the lingering bearishness still felt today.  Helium Mobile Users Skyrocket, Bringing HNT Mainstream  Since its launch in 2023, Helium Mobile continues to rise as one of the most mainstream crypto-base products in the market. With Helium’s entry into the telecom industry, its mobile arm has garnered 106,765 signups with a little under 15,000 hotspots deployed.  This is huge. With Helium Mobile leveraging the network’s established web of hotspots around the globe may open more opportunities for the platform to establish itself within the retail space. As of writing, the Helium network boasts 380,629 hotspots, accounting for the total number of LoRaWAN and 5G devices.  Mobile’s entry into the telecom industry was smoothened further by its Carrier Offload Program. The program enables users from different carriers to connect with Helium hotspots. As expected, the user count on this metric is higher with nearly 300,000 users from several carriers using only 39 hotspots.  With the average phone plan price in the United States becoming more expensive, a new alternative, albeit small and somewhat in the works like Helium Mobile remains an attractive deal for the average Joe.  This translates to an increased use of the network which correlates with an uptick in data credit (DC) burning. Messari’s recent overview of Helium shows that the network is currently experiencing strong growth in the burning of DCs, contributing to the network’s finances. HNT: Turning Point Or False Flag? Current market conditions are unpredictable. Market volatility increased because investors and traders realized they had overreacted to the market correction and interpreted it as a hint of further sell-off, creating a self-fulfilling prophecy. Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss As of writing, HNT is back on top of its May levels which can sustain a small breakthrough towards $4.919. With the market’s current jitters, HNT bulls face market volatility coupled with strong market anxiety.  But with the similar phenomenon happening within equity markets, we might see a return to bullish attitude in the next few weeks.  Investors and traders should exercise caution, keeping an eye on the performance of the broader crypto market before making a move. The bulls are expected to hold on to $4.439 as a support before any movement upward. Featured image from Pexels, chart from TradingView

MATIC bulls fumbled the bag after the market panic that turned the correction phase into a nosedive. The latest market data shows MATIC took a beating with a 33% wipe in value since last week. Hostile market environment and macroeconomic fears continue to plague the broader financial world. Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up The crypto market was not spared. The whole market depreciated by almost 17% in the past 24 hours, marking a period of strong bearish pressure. Despite the overwhelming downward trajectory the market has taken, on-chain developments continue that might slow the bearish wave, but it will take time before the price mediates back to realistic levels.  More Developments Polygon’s position continues to solidify as it marks several developments that improve user experience on the platform. Messari, an independent crypto research platform, recently released its report, providing an overview of the Polygon ecosystem. In summary, the report notes several developments in the platform that occurred within the 2nd quarter of the year. Primarily, the community has reached a consensus on upgrades that will positively affect the network’s usability and performance. One of these will be the switch from MATIC to POL, which is scheduled to occur on September 4th.  To attract devs to Polygon, the platform created a $1 billion Community Grants Program (CGP), supporting devs and builders of Polygon financially. According to a June blogpost, Season 1 of the CGP will feature a 35 million MATIC pool which is roughly equivalent to $12.9 million using today’s prices.  Uniswap has also launched its Uniswap v3 campaign on Polygon with other $250k in rewards on Oku, a crypto trading platform. This will boost investor confidence in the platform as it shows that despite hostile market conditions, Polygon remains a major player in the DeFi space.  This is seen in the current metrics the platform is running on. Nansen’s data shows an increase in active addresses and transactions in the past 24 hours, a great indicator of growth activity if it wasn’t for the air of bearishness surrounding the market. DefiLlama, on the other hand, shows the other side of the coin with major outflows on all chains under the Polygon ecosystem.  MATIC: More Pain On The Way For Investors? As the market continues its painful descent, investors are poised to let go of their MATIC holdings. Recent market data shows that investors are rushing to exchanges to sell rather than hold and ride the bearish wave.  This can be seen in MATIC’s price which continues to test the $0.339 support level. Related Reading: Solana (SOL) Poised For Major Upswing, Analyst Forecasts $328 The market overreaction caused by cascading fears within the broader financial spectrum remains to threaten any future bullish action. As of the moment, MATIC is down to March 2021 levels, a new low after 2024’s early bull runs led by major cryptocurrencies like Bitcoin and Ethereum. Investors and traders should evaluate their positions to remain in the green. If possible, they can try to take advantage of the situation by shorting the token.  Featured image from Pexels, chart from TradingView

Ethereum (ETH) recently dropped below the critical and psychological support level at $3,000, raising concerns for ETH bulls. This development comes amid the continued decline in revenue generated on the Ethereum network. Related Reading: Crypto Analyst Warns That Bitcoin Could Crash To $42,000 If This Happens Ethereum Crashes Below $3,000  Ethereum is down below $3,000, with this downtrend believed to be due to several factors. One is the outflows, which the Spot Ethereum ETFs have been experiencing since they began trading on July 23. Data from Farside Investors shows that these funds again experienced a net outflow of $54.3 million on August 2.  These funds haven’t had the desired impact on ETH’s price that they were expected to have, with Ethereum down over 10% since they began trading. Data from Soso Value shows that these funds have suffered cumulative net outflows of $510.7 million since they launched. Grayscale’s Ethereum Trust (ETHE) has been individually responsible for these outflows, with $2.12 billion flowing out of the fund since its launch.  This has put significant selling pressure on ETH, leading to its recent downtrend. ETH’s price has also dropped below $3,000 thanks to the downtrend in the broader crypto market led by Bitcoin. Ethereum was bound to suffer a significant decline following Bitcoin’s drop as data from the market intelligence platform IntoTheBlock shows that both assets currently have a strong price correlation.  Ethereum’s drop below $3,000 is undoubtedly worrisome for investors, considering how much lower it could drop. However, ETH has quickly reclaimed the $3,000 level these past three months whenever it drops below this crucial support zone. As such, this time may not be any different, especially with data from IntoTheBlock indicating a strong demand for Ethereum at this price level.  If Ethereum fails to hold this range, the second-largest crypto token risks dropping to as low as $2,700, a more crucial support zone for ETH considering that 11.11 million addresses bought the token at an average price of $2,647.    Ethereum’s Revenue Drops To New Lows Data from Token Terminal shows that Ethereum’s revenue has dropped to new lows, down by 40.4% in the last 30 days and 44.8% annually. Fees earned on the network have not been impressive either. Over the last 30 days, Ethereum users have paid $92.97 million in fees, a 32.8% decline and 38.3% at an annual rate. This drop in Ethereum’s revenue and fees can be attributed to the decline in the network’s active daily users. Further data from Token Terminal shows a 9.8% drop in Ethereum’s monthly active users. The same goes for the weekly and daily active users, with 20.1% and 15.3% drops, respectively. Related Reading: ARB Market Plummets 14%, But New Developments Could Reverse The Trend At the time of writing, Ethereum is trading at around $2,979, down over 5% in the last 24 hours, according to data from CoinMarketCap.  Featured image from Pexels, chart from TradingVIew

Arbitrum resumes its drive downward along with the broader market downturn investors are experiencing today. According to the latest market data, ARB is down nearly 14% since last week, putting more pressure on the bulls to slow the bearish tide.  However, there are several developments on the platform that might affect investor perception in the long term. These new deployments might make or break the early half of the month for investors and traders alike.  Related Reading: Render Continues To Flash Red In All Timeframes – What’s Going On? Multiple Projects Now Support Arbitrum Metalend, a blockchain lending company, recently announced its support for Arbitrum on its native platform. This new addition to the Arbitrum circle will further push users to the platform, leveraging Metalend’s already big following.  With Arbitrum’s growing position in the lending space of crypto, the platform might experience growth in that sector of the market. However, they’re not the only ones to join the fray.  MetaLend is excited to announce that we have launched support for @arbitrum! You can now go to https://t.co/xnBCsmSwdo to track and trade (leveraging DEX aggregators) your @arbitrum portfolio. You can track multiple wallets in one view and soon you will be able to submit limit… — MetaLend – Manage All Your Wallets in One Place! (@MetaLend_DeFi) July 30, 2024 Blockscout announced its support for Arbitrum One, giving investors and traders access to a whole list of features for them to analyze on-chain data on Arbitrum. Features like in-depth block data, verified smart contracts, and full API access are some of the things Arbitrum users will have access to because of this.  The platform’s DAppScout feature will also help users filter dApps with low-security scores, improving user experience while giving them the ability to keep their funds safe from malicious actors.  ArbOS 31 ‘Bianca’ To Bring More Devs On-Board ArbOS 31 is a proposal that would expand Arbitrum’s position within the dev space. If it passes, several key features will be added like Stylus VM which will enable the Arbitrum chain to support more programming languages like Rust and C++.  To make it simple, Stylus VM will be used by devs to code on their language of expertise rather than switching to Solidity, Arbitrum’s native coding language. This change will make smart contract deployment easier as it makes any smart contract written on the platform be compatible with existing Solidity-based smart contracts.  The proposal also covers the implementation of Passkeys, a password-less system of identification to protect user data and funds, and the Nova Fee Router which will make the collection of fees on the Arbitrum DAO more efficient.  Arbitrum has also announced that voting for the proposal is now live.  A Long Time Recovery For ARB? The market’s bearishness might continue until middle of August, which poses an important question to ARB bulls: whether to attempt slowing the bears down now or attempt at a later date. Related Reading: GRT Market Signals 12% Drop: Is A Turnaround Possible? ARB’s current position will further endanger any potential of near future gains for investors and traders. With the market environment favoring the bears in the short to medium-term, more pain will be felt by investors and traders.  Investors should then wait for the perfect opportunity, watching the movement of the broader market before making a decision.  Featured image from Wired, chart from TradingView

Recently, a massive transaction shook the digital currency ecosystem. A prominent whale transferred 400 billion PEPE tokens—worth about $4.22 million—to Binance. Related Reading: GRT Market Signals 12% Drop: Is A Turnaround Possible? Strategically timed among the general negative market mood, this move seems to be a deliberate one for partial profit booking. The whale’s behavior corresponds to the breach of a critical support level around $0.00001075, a key threshold that has lately increased the downward pressure on PEPE’s price. A whale deposited 400B $PEPE($4.22M) to #Binance to take profits in the past hour. The whale withdrew 795.92B $PEPE($2.55M at the time) from #Binance on Mar 1 and currently has 395.93B $PEPE($4.18M) left. His total profit on $PEPE is $5.85M, the ROI is 230%!… pic.twitter.com/o7T1ihjoq9 — Lookonchain (@lookonchain) August 1, 2024 Previously active on March 1st, the whale pulled out 795 billion PEPE tokens from Binance, worth $2.55 million. Even with this big withdrawal, the whale still has a decent 396 billion PEPE, which means it has an unrealized profit of $5.85 million, or a 230% return on investment. This amazing financial dance shows how smart the whale is and how dangerous it is to trade PEPE in a market that is always changing. Pepe Technical Study: Negative PEPE is trading at about $0.00001051 as of the most recent report, a 7.5% decline in price over the last 24 hours. Concurrently, trade volume has jumped by 14%, indicating a change in market involvement and investor participation. Technical study shows a pessimistic view of the cryptocurrency despite this higher activity. With forecasts showing a possible 20% collapse in the short future, the recent violation of the important support level of $0.00001075 is expected to propel further drops. The 200 Exponential Moving Average (EMA) suggests PEPE may find support around $0.0000852. Despite the gloomy market, this technical indicator suggests price stabilization. Technical indicators and market dynamics challenge PEPE’s prospects. Liquidation Levels And Possible Rebound The latest development also puts into perspective PEPE’s main liquidation thresholds, which lie on the lower end at $0.000010 and on the upper end at $0.0000118. Should the bearish mood persists, the meme coin may experience a downward motion below $0.000010, forcing the liquidation of around $2.04 million in long bets. Conversely, a shift in market sentiment could result in PEPE falling below $0.0000118, which would result in the liquidation of approximately $13.4 million in short positions. Beyond the current volatility, PEPE projections remain somewhat positive, though short-term forecasts show a significant comeback with an expected 249.99% gain over the following three months. Related Reading: Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So With expected rates of 183.50% over six months and 169.42% over one year, the longer horizon seems as bright. These scenarios could be good news for the popular meme coin as it maneuvers its way into the volatile crypto market, but all things considered PEPE could be headed in the right direction. In essence, the larger projection stays robust even if PEPE has major short-term difficulties and liquidation hazards. The direction of the token will be greatly shaped by the combination of whale movements, technical indicators, and market emotion. Featured image from , chart from TradingView

GRT’s current situation mirrors the bearishness the broader market is experiencing. Today, the total market cap shows a percentage slip, due to the major cryptocurrencies returning to levels that investors can sustain. On the altcoin side, GRT is one of the tokens that were hit hard by the bears. Related Reading: Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’ According to CoinGecko, the token is down nearly 12% since last week, showing exaggerated losses in the face of continuous downward pressure. Although the token’s performance within the market leaves much to be desired, The Graph devs are brewing something around the corner that might turn the tide. More Web3 Data To Be Serviced By The Graph The Graph recently released a blog post about their plans to introduce new tools for indexers, further building up the platform’s capability to handle data. They are introducing two specialized tools to help grow the platform’s ecosystem namely Firehose and Substreams. The upgrade is part of their New Era roadmap, a path that was laid in late 2023, providing developers, users, and investors a transparent look at where The Graph is headed. The two new tools provide different levels of data stream to indexers. Firehose will provide real-time data which enhances “the immediacy and responsiveness of blockchain data access.” It’ll help apps access data quickly, reducing latency thus improving user experience. On the other hand, Substreams is more accurate, giving developers the ability to pick and choose the data needed for their applications. This will improve data retrieval as their systems won’t need to scour the database for its specific data needs. The two tools will serve the platform’s data servicing niche, providing developers the flexibility of choosing whether they want a real-time stream of data or a select, more specialized access to specified data sets. This improvement would largely benefit the platform’s push to grow its artificial intelligence base. Last May, the platform announced the deployment of Agentc, a “ChatGPT-like tool” built on top of The Graph’s Uniswap data. More Pain Ahead? More pain around the corner awaits investors with the bears having a chokehold of the GRT market. With the major cryptocurrencies also struggling to keep their ground within more suitable levels, the altcoin market will fall more within the early weeks of the month. Related Reading: Render Continues To Flash Red In All Timeframes – What’s Going On? The grip GRT bears have on the market will last as long as market conditions continue to favor selling. A breakthrough on $0.1715 line will make the situation much worse which might turn the situation into a firesale. GRT bulls should then attempt to hold on to this line as any further gains by the bears will mean a possible reversion back to mid-February levels. Featured image from Asia Crypto Today, chart from TradingView

A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner’s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar performance in the last four days. Kabosu’s Sister Sparks New Memecoin Wave Kabosu, the dog that inspired the legendary Doge meme, passed away in May. The beloved dog also inspired the flagship memecoin Dogecoin (DOGE), and a plethora of Shiba Inu-themed tokens. Its owner recently announced she had adopted Neiro, a 10-year-old rescued Shiba Inu dog. Related Reading: Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal Following the announcement, the crypto community saw the launch of several tokens inspired by the dog. Most of these tokens were deployed on Solana, initially pumping to millions in market capitalization. On its first day, the largest Solana-based Neiro meme coin reached a $100 million market cap. However, it has since plummeted over 80% to a market capitalization below $20 million, possibly due to the overabundance of Neiro tokens on the chain. The token was also heavily criticized after online reports called out alleged insider activity from the developers. Blockchain data firm Bubblemaps revealed that the developers of the largest Neiro token deployed on Solana had control of 6% of the token’s supply and eventually sold it for $5.7 million. Since then, the meme coin has seen a massive 84% price drop, going from its all-time high (ATH) of $0.12 to trading at $0.019. Are The Dog Days Back? The Ethereum-based Neiro stole the show from its Solana counterparts. The token has seen remarkable growth in the last four days, hitting a $200 million market cap on August 1. Since its creation on July 27, Neiro has registered a 4,400% surge, shredding two zeros as a result. Additionally, the token reached a new ATH price of $0.20 after soaring 81% from the day before. Nonetheless, the developers of Ethereum’s Neiro have also been accused of insider trading. Following the massive surge, Bubblemaps alerted investors that the token allegedly “is heavily controlled.” According to the report, 78% of the memecoin’s supply was sniped at launch and quickly spread among 400 wallets. The firm revealed that the wallets had sold 12% of their holdings, around $4.5 million, by July 30. Investors seemed unfazed by the reports, with many calling the report “bullish news.” Others expressed excitement by the firm’s “fudding,” stating, “A lot of the most successful memes require supply control.” Related Reading: Solana Looks ‘Ripe To Push Higher’, Is A Mania-Like Rally To $600 Coming? Moreover, many investors consider “the dog days are back” and the “Doge legacy continues” with the Ethereum-based memecoin. To an X user, there are a few reasons why Neiro’s has become an overnight sensation, including its “SHIB-like narrative,” “concentrated attention,” and the “return of dog meta that always dominates Ethereum bull cycles.” As of this writing, Neiro is trading at $0.18, a 63% surge in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

Render investors and traders continue their sell-off, following the broader market’s bearish attitude. After weeks of continuous bullish action, CoinGecko data shows that the market is down a few percent, translating to losses in the altcoin market. Related Reading: Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’ Although the environment brought gains to a number of tokens, it dragged several tokens, like Render, to the ground. The latest market data shows that the latter is down in almost all timeframes, with the biggest loss in the monthly timeframe at nearly 25%. This presents a big question to investors and traders whether Render will continue its downward spiral. Big Things Coming For Render Jensen Huang, CEO and Co-founder of NVIDIA, recently spoke at SIGGRAPH 2024 about the effects of accelerated computing and generative AI on different industries. He also briefly mentioned the company’s jump in computer graphics saying that “it was the best decision” the company made. Almost like NVIDIA, Render’s framework as a provider of decentralized graphics and computing resources places the platform in a unique position in the world of AI. When asked about the AI revolution which started in 2022, Huang said: “[And] this is really the revolutionary time that we’re in. Just about every industry is going to be affected by this just based on some of the examples I’ve already given you.” This just shows how the broader industry is pivoting towards supporting the development of AI, thus providing a bullish signal for investors on Render as the latter’s nature as a provider of computing resources makes them valuable for the AI space. Key moment from today’s #SIGGRAPH2024 fireside with Jensen Huang and Lauren Goode: Q. Where do you draw the line between AI is augmenting and helping [artists] and this is replacing certain things that we do?https://t.co/muYWEq586d A. “These tools help us be more productive.… — The Render Network (@rendernetwork) July 30, 2024 And traditional finance institutions recognize this potential at the crossroads of AI and crypto. Asset management firm Grayscale launched its first decentralized AI fund in the early half of this month, featuring the likes of RENDER, TAO, FIL, LPT, and NEAR. With Render’s providing a valuable resource to anyone who needs computing power, their market position remains secure despite facing substantial downturns this month. More Bearish Pressure In The Offing? As it currently stands, the token’s position is quite shaky as it might push the token to lower lows following the general trend it has had since May. If the downward trend continues, the bears might push the crypto to January 2024 levels, wiping out the token’s year-to-date gains. Thus bulls should consolidate and gain control of the $6 support before any attempt upward. Related Reading: Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So But the token’s volatility might work in the bull’s favor. The current market environment is still mostly bullish, mostly by the fact that the major cryptocurrencies are in a rally, pulling the market upward. This greedy mood counters the bearishness of the current market correction, putting more emphasis on long-term gains rather short or medium-term increases. Investors and traders should then monitor the market for long-term opportunities that will support the movement of the altcoin. Featured image from Pexels, chart from TradingView

For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill, even describes today’s FOMC meeting as the “most important of your life.” In a new post on X, Altrichter explains why. FOMC Preview Central to today’s FOMC meeting is the Federal Reserve’s potential indication of a September rate cut. According to Altrichter, the financial markets are almost unanimously anticipating this move, with Fed fund futures indicating a near-certain likelihood of such an outcome. “Market expectation is a strong signal for a September rate cut,” Altrichter points out, marking today’s update as a pivotal moment for financial markets. The key question for today is: “How strongly does the Fed signal a September rate cut?” the expert explains. Investors are directed to pay close attention to the FOMC’s statement at 2:00 pm ET, especially the third paragraph, which could subtly signal the Fed’s confidence in reaching its inflation targets. Related Reading: XRP Price Poised For ‘Ultimate Breakout’ With $18 Price Target: Crypto Analyst Altrichter advises, “Look at the 3rd paragraph for this key sentence: The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.” Any modification in this wording would be a clear signal that the Fed is nearing its inflation control goals, potentially paving the way for rate adjustments. Altrichter outlines several potential outcomes from the meeting, each associated with specific market reactions. In a dovish scenario, the Fed signals a rate cut for September. Then, Altrichter expects a broad market rally, especially in sectors less sensitive to interest rates. “Yields and the dollar should fall modestly with a modest rally in commodities,” Altrichter predicts, suggesting significant movements in standard and sector-specific indexes. In a hawkish scenario, there will be no change in the forward guidance by the US central bank. If the Fed maintains its current stance without hinting at future cuts, the markets might experience a downturn. “Look out below and expect a sharp decline. SPX should fall by 1-2%,” he warns, noting that tech and growth sectors might relatively outperform due to their appeal during higher yield periods. How Will Bitcoin And Crypto React? The potential adjustments in US monetary policy bear direct consequences for the Bitcoin and crypto markets. Crypto, often viewed as alternative investments, reacts sensitively to shifts in monetary policy, particularly regarding interest rates. Related Reading: Bitcoin Bull Cycle Likely To Go On Till Mid-2025: CryptoQuant CEO If the dovish scenario materializes, this could make Bitcoin and cryptocurrencies more appealing. A signal of lower future rates could drive increased investment into the crypto market, potentially leading to price increases as investors seek higher returns in alternative assets. Conversely, should the Fed signal reluctance to cut rates, indicating a stronger economic outlook or concerns about inflation, this could strengthen the US dollar and increase yields on traditional financial instruments. Such an environment might lead to a pullback in the crypto markets, as the comparative advantage of Bitcoin and cryptocurrencies diminishes against strengthening traditional yields. Max Schwartzman, CEO of Because Bitcoin Inc, commented via X: “FOMC is [today] & its incredibly important as we get into the end of this fed cycle… Here is how the last 11 meetings have gone for Bitcoin…” Thus, today’s FOMC meeting is a watershed moment for financial markets globally, with significant implications for both traditional and crypto markets. As Altrichter succinctly puts it, “A Sept Fed rate cut has driven the 2024 bull market. Tomorrow’s meeting will either reinforce that tailwind or refute it. If the Fed signals a cut, the rally continues. No signal: markets could get ugly.” At press time, BTC traded at $66,462. Featured image from Shutterstock, chart from TradingView.com

Popular meme coin Dogwifhat (WIF) has lately attracted attention because of its market performance. Over the last week, its value dropped by around 5%; but, over the prior month it sustained a 22% rally. Dogwifhat, which now commands a 0.10% portion of the market and has a market cap of $2.47 billion, is valued at $2.50. Related Reading: Bitcoin On Fire: 20% Surge In 3 Weeks Teases Record-Breaking Potential Bullish Indicators Start To Show Recent comments on WIF’s potential price trajectory from crypto analyst Crypto Scient show a somewhat bullish view. Dogwifhat has displayed notable positive signs in its market structure, claims the analyst. Establishing this as a new support zone, the coin has effectively regained and turned a key 1-day support and resistance level at $2.25. $WIF, Starting to look good again as the daily structure has flipped bullish again. • Reclaimed and flipped key 1D S/R at $2.25 to support • Flipped 1D 50 and 100EMA Bullish. Up next is key 1D resistance at $3.3 — Price makes an attempt to test this level over the next few… https://t.co/7RtYCcPCtu pic.twitter.com/OA3PbVAcsN — Scient (@Crypto_Scient) July 27, 2024 Also moving up are the 50-day and 100-day exponential moving averages (EMAs). EMAs are important signs for traders because they help them spot changes in the trend and keep price swings in check. The change in these EMAs makes people more hopeful about WIF. The resistance level at $3.30 marks WIF’s next noteworthy movement. WIF should try to reach this level in the next days to weeks, analysts forecast. Breaking through this barrier would open the path for significant higher action and maybe new all-time highs (ATHs). Investors should keep in mind that gains around $3.30 are likely to be important for risk management, so they should keep that in mind. WIF Price Forecast Based on CoinCodex’s present price estimate, Dogwifhat may climb to as high as 220% to reach $8.36 by August 28, 2024. The current market vibe surrounding the coin is negative even with this very optimistic long-term view. Measuring market mood, the Fear & Greed Index comes out with a 74 (Greed). This suggests that the market could be headed for a correction as it seems to be too optimistic. Dogwifhat has experienced 17 out of 30 green days with a price volatility of 17%. These numbers show the inherent risks in the crypto market even if they imply great possibility for a price growth. Related Reading: Fantom (FTM) Regains Momentum After Weeks Long Bleed – Will This Continue? Investor Mood: Proceed With Caution The recent short-term drop and pessimistic mood recommend caution for WIF even if the positive technical indicators and optimistic price projections present a good picture. One should pay close attention to the significant resistance level around $3.30. Should this level not be broken, WIF’s price could revert to the $2.25 support, therefore defining a trading range between $2.25 and $3.30. Featured image from Bestchange, chart from TradingView

The cryptocurrency market is experiencing a resurgence of interest in Solana (SOL), as investors are flocking back to this high-performance blockchain platform. At the same time, savvy investors are diversifying their portfolios by adding Mpeppe (MPEPE), a rising star in the crypto world. But is the fear over, or are investors simply seeking new opportunities? Let’s delve into the reasons behind this trend and the potential benefits of this diversification strategy. Solana’s (SOL) Resurgence: A Sign of Renewed Confidence Solana (SOL) has been making headlines recently, with investors showing renewed confidence in its potential. The blockchain’s high-speed transactions, low fees, and robust infrastructure have once again captured the attention of the crypto community. After a period of volatility, Solana (SOL) appears to be regaining its momentum, drawing investors back who are looking for reliable and scalable blockchain solutions. Solana’s (SOL) Strategic Growth Solana’s (SOL) strategic initiatives are also helping to alleviate investor fears. The platform’s continued emphasis on scalability and security, coupled with its expanding ecosystem of decentralized applications (dApps), positions it well for sustained growth. As more developers and projects build on Solana (SOL), its value proposition becomes increasingly compelling, driving further investment and adoption. Why Investors Are Returning to Solana (SOL) Several factors contribute to the renewed interest in Solana (SOL). Firstly, the network’s technical capabilities continue to outperform many of its competitors, offering thousands of transactions per second at a fraction of the cost. Additionally, Solana (SOL) has been actively developing its ecosystem, attracting new projects and partnerships that enhance its utility and appeal. This combination of technical prowess and ecosystem growth makes Solana (SOL) a compelling choice for investors seeking stability and growth potential. Diversifying with Mpeppe (MPEPE): A Strategic Move While Solana (SOL) is regaining favor, investors are also diversifying their holdings with Mpeppe (MPEPE). This new entrant into the cryptocurrency market offers a unique blend of meme culture and serious financial technology. By combining sports fandom with blockchain innovation, Mpeppe (MPEPE) appeals to a broad audience, making it an attractive addition to any diversified crypto portfolio. Is the Fear Over? The question on many investors’ minds is whether the fear that gripped the crypto market is truly over. The return to Solana (SOL) and the interest in Mpeppe (MPEPE) suggest a shift in sentiment. Investors are beginning to see past the recent market volatility and are focusing on long-term growth and innovation. The strategic diversification into assets like Solana (SOL) and Mpeppe (MPEPE) indicates a more calculated approach to investment, prioritizing projects with strong fundamentals and growth potential. The Future of Crypto Diversification The trend of diversifying with Solana (SOL) and Mpeppe (MPEPE) highlights the evolving strategies of crypto investors. By balancing investments between established blockchain platforms and innovative new tokens, investors can mitigate risk while maximizing their potential for gains. This approach reflects a growing maturity in the crypto market, where strategic diversification and long-term thinking are becoming the norm. Conclusion In conclusion, the renewed interest in Solana (SOL) and the rising popularity of Mpeppe (MPEPE) signify a positive shift in investor sentiment. As the fear recedes, strategic diversification emerges as the key to navigating the volatile crypto landscape. By investing in Solana (SOL) and Mpeppe (MPEPE), investors can position themselves for potential gains while benefiting from the unique strengths of both tokens. Now is the time to embrace these opportunities and capitalize on the dynamic growth of the cryptocurrency market. For more information on the Mpeppe (MPEPE) Presale:  Visit Mpeppe (MPEPE) Join and become a community member:  https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

The cryptocurrency market is always evolving, and holding on to past successes can mean missing out on future opportunities. While Pepecoin (PEPE) has had its moment in the sun, the spotlight is now shifting to Mpeppe (MPEPE). Investors who recognize the potential of Mpeppe (MPEPE) stand to make significant profits by moving beyond Pepecoin’s (PEPE) past glories. The Rise and Plateau of Pepecoin (PEPE) Pepecoin (PEPE) quickly rose to prominence as a meme coin, capturing the imagination of the crypto community with its playful approach. Pepecoin (PEPE) capitalized on internet culture and viral marketing to drive its initial surge. However, like many meme coins, Pepecoin (PEPE) has experienced a plateau, with its growth potential seeming to wane as the market evolves and new competitors emerge. Why Mpeppe (MPEPE) Outshines Pepecoin (PEPE) Mpeppe (MPEPE) is rapidly gaining attention for its innovative approach, blending the light-hearted nature of meme coins with the serious potential of decentralized finance (DeFi). Mpeppe (MPEPE) is not just another meme coin; it integrates advanced DeFi elements like yield farming, liquidity mining, and decentralized governance, adding substantial utility and value to its ecosystem. Mpeppe (MPEPE) offers a unique proposition that sets it apart from Pepecoin (PEPE). By combining the viral potential of meme culture with the practical applications of DeFi, Mpeppe (MPEPE) attracts a broader and more diverse audience. This dual appeal is driving its rapid adoption and setting the stage for significant growth, which Pepecoin (PEPE) is currently struggling to match. Community Engagement and Support A strong and engaged community is crucial for the success of any cryptocurrency. While Pepecoin (PEPE) has a loyal following, Mpeppe (MPEPE) is building a vibrant community that actively participates in its ecosystem. This engagement is driving the token’s growth and creating a sense of ownership and commitment among its holders. Future Growth Potential Experts predict that Mpeppe (MPEPE) is on the brink of significant growth, with potential returns far exceeding those of Pepecoin (PEPE). The combination of its innovative features, viral marketing strategy, and strong community support makes Mpeppe (MPEPE) a compelling investment opportunity. Investors who recognize this potential now stand to benefit as the token gains traction. Don’t Get Left Behind Holding on to Pepecoin’s (PEPE) past successes might mean missing out on the future potential of Mpeppe (MPEPE). As the crypto market continues to evolve, it’s essential to stay ahead of the curve and invest in tokens with strong growth potential. Mpeppe (MPEPE) is positioned to deliver impressive returns, making it a smart choice for forward-thinking investors. Conclusion: Embrace the Future with Mpeppe (MPEPE) In conclusion, while Pepecoin (PEPE) has had its share of success, the future belongs to Mpeppe (MPEPE). By moving beyond Pepecoin’s (PEPE) past and investing in Mpeppe (MPEPE), you can position yourself for substantial profits. The integration of DeFi elements, viral potential, and strong community support make Mpeppe (MPEPE) a standout in the cryptocurrency market. Don’t miss out on this opportunity to embrace the future and flood your wallet with gains. For more information on the Mpeppe (MPEPE) Presale:  Visit Mpeppe (MPEPE) Join and become a community member:  https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ  

Recently, AI predictions have cast a spotlight on Shiba Inu (SHIB) and Mpeppe (MPEPE), suggesting that while Shiba Inu (SHIB) might see some fluctuations, Mpeppe (MPEPE) is poised to outperform it significantly in the coming month. Here’s a closer look at what investors can expect and why Mpeppe (MPEPE) is set to shine. AI Forecasts for Shiba Inu (SHIB) Moderate Growth Expectations Artificial intelligence models predict that Shiba Inu (SHIB) will experience moderate growth in the coming month. Despite its massive popularity and strong community support, Shiba Inu (SHIB) is likely to face some resistance levels that could limit its upward momentum. Community Engagement Still Strong One of the strongest aspects of Shiba Inu (SHIB) is its vibrant community. This continued engagement is expected to keep the token relatively stable, but the predicted gains may not be as explosive as investors hope. AI analysis suggests that Shiba Inu (SHIB) will benefit from its loyal following, though the returns might be modest. Market Sentiment and Volatility Shiba Inu (SHIB) has always been a volatile asset, heavily influenced by market sentiment and external factors. AI models indicate that this trend will continue, with Shiba Inu (SHIB) experiencing both spikes and dips in response to market news and social media trends. Investors should be prepared for a bumpy ride. Why Mpeppe (MPEPE) is Set to Outperform Innovative Approach Unlike Shiba Inu (SHIB), Mpeppe (MPEPE) combines humor with serious investment opportunities, making it attractive to a broader audience. This innovative approach is expected to drive higher adoption rates and more significant investment inflows. Integration of DeFi Elements Mpeppe (MPEPE) stands out for its integration of decentralized finance (DeFi) elements. Features like yield farming, liquidity mining, and decentralized governance are built into its tokenomics, offering substantial utility and value. This makes Mpeppe (MPEPE) not just a memecoin, but a robust financial tool. Viral Potential and Community Growth Mpeppe (MPEPE) leverages the viral nature of internet memes to expand its reach rapidly. AI models predict that this strategy will significantly boost Mpeppe (MPEPE)’s visibility and adoption. The growing community around Mpeppe (MPEPE) is already showing signs of strong engagement, similar to what was seen with Shiba Inu (SHIB) in its early days. Conclusion: Embrace the Mpeppe (MPEPE) Opportunity In conclusion, while Shiba Inu (SHIB) is expected to maintain its position with moderate gains, Mpeppe (MPEPE) is set to outperform with substantial growth. The innovative integration of DeFi elements, viral potential, and strong community engagement make Mpeppe (MPEPE) a standout choice in the current crypto landscape. As AI predictions point to significant returns, now is the time for investors to consider shifting their focus from Shiba Inu (SHIB) to Mpeppe (MPEPE) to maximize their gains and embrace the opportunities ahead. For more information on the Mpeppe (MPEPE) Presale:  Visit Mpeppe (MPEPE) Join and become a community member:  https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ  

The cryptocurrency landscape is ever-evolving, with new tokens emerging and captivating the market. Recently, a prominent Pepecoin (PEPE) whale has turned their attention to Mpeppe (MPEPE), drawn by its unique utility and promising potential. This shift highlights the growing appeal of Mpeppe (MPEPE) and its innovative approach within the crypto space. Pepecoin (PEPE) Whale’s New Love: Mpeppe (MPEPE) A significant player in the Pepecoin (PEPE) community, known for their substantial holdings and influence, has recently expressed a newfound admiration for Mpeppe (MPEPE). This whale’s endorsement is not just a fleeting interest but a testament to Mpeppe (MPEPE)’s compelling attributes that set it apart from other meme coins. The Unique Utility of Mpeppe (MPEPE) Mpeppe (MPEPE) is not just another meme coin riding on the coattails of Pepecoin (PEPE). It integrates a distinct blend of sports fandom and blockchain technology, creating a multifaceted platform that appeals to a broad audience. By leveraging the excitement and loyalty of sports fans, Mpeppe (MPEPE) has carved out a niche that combines entertainment with financial opportunities. Decentralized Finance (DeFi) Elements One of the standout features that attracted the Pepecoin (PEPE) whale is Mpeppe (MPEPE)’s integration of DeFi elements. Yield farming, liquidity mining, and decentralized governance mechanisms are seamlessly woven into its tokenomics, providing substantial utility and value. These features enhance the token’s functionality, making it more than just a digital asset but a comprehensive financial tool. Pepecoin (PEPE)’s Influence on Mpeppe (MPEPE) Drawing inspiration from the monumental impact of Pepecoin (PEPE), Mpeppe (MPEPE) has modeled its community-driven approach to catalyze real-world change. Pepecoin (PEPE) demonstrated how a meme coin could transcend digital transactions to drive charitable initiatives, crowdfunding campaigns, and community projects. Mpeppe (MPEPE) aims to build on this legacy, fostering a global community that celebrates soccer while creating wealth and driving positive change. A Strategic Shift for Pepecoin (PEPE) Investors The move by a Pepecoin (PEPE) whale to embrace Mpeppe (MPEPE) underscores a strategic shift among investors. Recognizing the innovative features and robust potential of Mpeppe (MPEPE), more Pepecoin (PEPE) holders are likely to diversify their portfolios to include this emerging token. The whale’s endorsement signals confidence in Mpeppe (MPEPE)’s future, potentially encouraging others to follow suit. Conclusion: Embrace the New Crypto Love In conclusion, the admiration of a Pepecoin (PEPE) whale for Mpeppe (MPEPE) highlights the unique utility and potential of this new cryptocurrency. With its innovative integration of sports fandom and blockchain technology, coupled with its robust DeFi features, Mpeppe (MPEPE) stands out in the crowded crypto market. As more Pepecoin (PEPE) investors take notice and join the Mpeppe (MPEPE) community, the stage is set for this token to achieve remarkable success. Now is the time to embrace Mpeppe (MPEPE) and be part of its exciting journey in the world of digital assets. For more information on the Mpeppe (MPEPE) Presale:  Visit Mpeppe (MPEPE) Join and become a community member:  https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon. Related Reading: Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance? From RNDR To RENDER Last year, the Render Network Foundation changed from Ethereum (ETH), where it was initially launched, to Solana (SOL). The move followed a community vote that passed two major upgrades for the Network. According to the announcement, the Solana switch was “proposed for faster transactions, cheaper fees, and the project’s needs to achieve more ambitious goals with more on-chain data and transactions.” The community also voted to rebrand the token from RNDR to RENDER, which would conclude in 2024. This month, the foundation informed users that many crypto exchanges, including Binance, Kraken, OKX, Crypto.com, and KuCoin, would automatically swap the RNDR tokens for the rebranded token on a 1:1 ratio. On Monday, the RNDR delisting from crypto exchanges began ahead of the scheduled migration on July 26. Exchanges halted most operations with the token, negatively impacting its performance over the week. Moreover, Whales seemingly contributed to the impact of the token’s price. Online reports revealed that some major holders sold their RNDR following the news, dragging the price from above the $7 support level to below the $6.5 price range. The token continued to plunge in the following days, dropping below the $6 mark, a 17% drop in four days. Nonetheless, the highly anticipated migration and listing of the new RENDER token seems to have kickstarted a price recovery. AI Token Skyrockets 17% Following Binance Listing The newly rebranded crypto AI token surged over 17% today after being listed by crypto exchange Binance. On Friday, the exchange announced that RENDER had been added to Binance Simple Earn, Buy Crypto, and Binance Convert. Additionally, it revealed that the Binance Margin and Futures options would be available today for the AI token. Meanwhile, the Auto-Invest option will be added on Monday, July 29. On that date, Kraken, the crypto exchange, will also list the RENDER and delist the RNDR. Investors and market watchers expressed their optimism over the rebrand and Binance listing. An X user claimed that, as the project begins this new era, “the RENDER token with this fresh chart of around $6.5 lows has potential to reach unimaginable heights.” Crypto analyst Coinboss considers that the token could “do a flipperino” if it has a clean break out above the $7 resistance level. A successful retest of the target could potentially lead the token to reclaim the $11 mark, further fueling a surge above RNDR’s all-time high (ATH) of $13.53. Another pseudonym crypto analyst believes RENDER could reach $10 soon, stating, “Thanks for the fud. See you above $10.” Some users also consider that investors will regret not getting the “greatest buying opportunity.” Related Reading: Solana’s Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin In the last 24 hours, the crypto AI token has seen a remarkable 140% surge in market activity, with $83.1 million daily trading volume. As of this writing, RENDER is trading at $6.89, a 15.6% rise in the past day. Featured Image from Unsplash.com, Chart from TradingView.com

Recent events have brought Solana (SOL) to the spotlight, drawing in both experts and investors due to its notable price gain. According to market expert Ali Martinez, the price of Solana is likely to see a remarkable growth of 900%, which will ultimately result in the price reaching $1,630. Related Reading: Ethereum Name Service (ENS) 153% Rally ‘Underway’, Analyst Says Based on his prognosis, Solana might be about to perform better in the coming weeks or months. This is because it has recently displayed a pattern called a “bull pennant”, which in technical lingo usually means the price is set for a big ascent. The next period of stabilization, during which volatility dropped and price action became more narrow, led to the pennant shape. Martinez says that Solana’s recent break above the top trendline of this pennant is a strong sign that prices will go up. This big step forward and last week’s 20% rise show that the market’s mood has changed a lot. #Solana $SOL has officially broken out from this bull pennant, suggesting a potential 900% rally ahead. pic.twitter.com/CWQdWGny0X — Ali (@ali_charts) July 24, 2024 Market Situation Shows Mixed Signs Notwithstanding the hopeful estimate, the state of the current market shows a mixed picture. Currently selling at $166, Solana shows a 9.70% drop only this week. Meanwhile, Fisher Transform, which predicts market turning moments, shows a bearish signal for Solana. This implies that although the break from the pennant is positive, instantaneous market circumstances could not entirely support the predicted upward trajectory. Observing that the TD Sequential indicator flashed a Sell signal on three separate timesframes for Solana, Martinez had earlier expected this retreat. He says that although the 868% increase to $1,630 is still a long-term possibility, it is not likely to happen right away. Solana: Forecast Creates A Complex Picture Unlike Martinez’s very optimistic view, current Coincheckup data offers Solana a more cautious estimate. Solana is selling 14% below its projected value right now, according the statistics for the next month. With a forecast 4.37% increase over the next three months, the short-term view is still cautiously positive nonetheless. This little rise implies that the crypto is likely to hold steady even if quick rebound might be sluggish. Related Reading: Debunking Doubts: How XRP Could Achieve A 3-Digit Surge — Analyst Looking ahead, the six-month projection shows a more significant increase of 72%, indicating great increasing momentum as the state of the market gets better. The one-year estimate also shows a 55% rise in Solana’s value, therefore highlighting a generally good long-term future. This long-term projection fits the general pattern of increasing confidence in Solana’s adoption and development despite transient swings. Featured image from TheStreet, chart from TradingView

Anticipation is at a high degree as the 2024 Bitcoin Conference draws near, driven not just by technical developments but also by the surprising backing of an influential person: Donald Trump. Related Reading: Is The US Emulating Germany? $4 Million Bitcoin Movement Raises Questions The surprising acceptance of Bitcoin by the former president may change the crypto scene and throw lengthy shadows over political debate and market projections. Here is a look at how Trump’s potential presidency can impact the direction of the crypto. The Bitcoin Turnaround Of Trump Once a strong opponent of Bitcoin, Donald Trump has changed his language dramatically. Even suggesting Bitcoin as a possible reserve currency alongside the US dollar, his campaign has aggressively embraced the digital asset. This fresh zeal differs greatly from his past posture, where he wrote out Bitcoin as a “scam.” In recent discussions, the former president has labeled Bitcoin as “digital gold.” His campaign vows to boost the digital asset’s acceptability. This might give companies and investors more confidence, adding more appeal to Bitcoin. Regulatory Change And Economic Effects Trump’s possible impact on Bitcoin is mostly dependent on his attitude to regulation. Given JD Vance’s pro-crypto posture, Trump’s choice of running mate suggests a likely tsunami of favorable crypto laws. Clearer rules and more institutional Bitcoin investment might find their path in this regulatory climate. Another important element for the dynamics of Bitcoin’s price might be Trump’s economic plans. His platform emphasizes on lowering inflation and enhancing economic stability—qualities that directly influence the value of Bitcoin. Trump’s economic policies were blamed with a somewhat consistent investment environment over his past presidency. Should he be successful in fostering a better economic climate, Bitcoin would gain from more liquidity and investor confidence. Conjecture And Market Responses The market for Bitcoin is driven by speculation, hence Trump’s close relationship with the crypto asset has magnified this influence. Recent events, like the attempted murder of Trump, have demonstrated how drastically market mood may respond to political changes. After the episode, the crypto enjoyed a big surge; meme coins and market mood reflected the great stakes of Trump’s involvement. Meanwhile, post-assassination attempt, the former commander in chief’s ratings against Biden rose somewhat (see chart below). Trump’s erratic political path fuels even more conjecture about his possible administration. The result of the election is still unknown even if Kamala Harris is becoming a strong competitor. Harris’s opinion on Bitcoin might potentially affect market dynamics, therefore adding even another level of intricacy to the future of the currency. Analyses disagree on the possible effect of a Trump win on the price of Bitcoin as the election gets near. While some see a positive trend with Bitcoin maybe skyrocketing above $100,000, others remain wary expecting firmer indications from Trump’s campaign and plans. BTC Price Forecast Technical signs show Bitcoin will rise significantly in the following week. The cryptocurrency is trading 33% below our monthly projection, predicting a comeback if market circumstances improve. Bullish indications like a rising moving average and a stronger Relative Strength Index (RSI) imply BTC might rectify its undervaluation and reach the forecasted price goal. Related Reading: Ethereum Name Service (ENS) 153% Rally ‘Underway’, Analyst Says Bitcoin’s expected three-month rise of 536% and six-month growth of 53% shows investor confidence. Analysts expect a 148% growth in BTC over one year, indicating its long-term potential. Positive trendline breakouts and solid support levels back this projection. Institutional interest and favourable macroeconomic conditions might boost Bitcoin’s price in the long run. Featured image from Getty Images, chart from TradingView

The much-anticipated launch of several Ethereum-based spot exchange-traded funds (ETFs) failed to ignite a significant Ethereum (ETH) price rally. Despite considerable trading volumes and large inflows for the “newborn” ETFs on their first day, the Grayscale outflows have been too massive (once again) to propel the Ether price upwards. Ethereum ETFs Start Strong, But Grayscale … Eric Balchunas, a senior ETF analyst at Bloomberg, shared via X (formerly Twitter), “DAY ONE in the books for Eth ETFs who did $1b in total volume, which is 23% of what the spot bitcoin ETFs did on their first day and ETHA did 25% of IBIT’s volume.” He also noted that “The gap between ETHE and The Newborn Eight is a healthy +$625m.” However, despite these healthy volumes, the price of Ethereum only increased marginally by 1% yesterday. At press time, ETH stood at $3,437, down 0.4% over the past 24 hours. In contrast, Bitcoin (BTC) price declined by 1.6%, and other altcoins also faced downward pressure, dropping between 4% and 10%. Related Reading: Ethereum Price Stays Flat Despite Today’s ETF Debut: QCP Explains Why James Seyffart, another Bloomberg ETF expert, commented the first day of inflows, “First full day of flows for the ETHness stakes are in. The Ethereum ETFs took in $107 million. BlackRock’s ETHA led the way with $266.5 million followed by Bitwise’s ETHW with $204 million. Very solid first day.” Despite these positive inflows, the day was not without its challenges. The Grayscale Ethereum Trust (ETHE), which transitioned from a traditional trust to a spot ETF, saw substantial outflows amounting to $484.9 million, representing about 5% of the fund’s value. Eric Balchunas commented on this movement, “Damn. That’s a lot. Like 5% of the fund. Not sure The Eight newbies can offset w inflows at this magnitude. On flip side maybe its for best to just get it over with fast, like ripping a band aid off.” The introduction of these ETFs is part of a broader trend following the launch of similar Bitcoin ETFs in January, which also experienced a mix of inflows and significant outflows from the Grayscale Bitcoin Trust (GBTC). The Ethereum Mini Trust, another Grayscale product, however, reported $15.2 million in new inflows. Related Reading: Ethereum Retraces: Here’s Why ETH Bulls Must Decisively Break Above $3,500 Other notable Ethereum ETFs like Franklin Templeton’s (EZET) and 21Shares’ Core Ethereum ETF (CETH) saw inflows of $13.2 million and $7.4 million, respectively, indicating varying levels of investor interest across different funds. Overall, the first day of trading for these Ethereum ETFs brought in significant volumes and a complex flow of funds but did not translate into a significant price rally for Ethereum. As with Bitcoin, the Grayscale outflows for Ethereum seem to need to be cleared out of the way before the ETFs could have a significant impact on the price. At press time, ETH traded at $3,442. Featured image created with DALL·E, chart from TradingView.com

One very promising crypto asset that is performing very well today in the crypto market is Chainlink (LINK). Many experts have noticed LINK’s price path as current market circumstances offer a combination of volatility and stability. Under a background of restrained market movement, Chainlink’s technical patterns suggest a bright future. Related Reading: ‘Early Signs Of Breakout’ – Solana To Explode By 900%, According To Analyst Technical Analysis Shows Promise According to new technical examinations, Chainlink is currently trading at $14.10, but a rise may be around the corner. It has been going down since it climbed recently. However, a well-known crypto expert, Ali Martinez, has seen a pattern form on the 4-hour chart that may just turn things around in LINK’s favor. #Chainlink appears to form a head-and-shoulders pattern on the 4-hour chart. A sustained close above $14.7 could send $LINK to $18.3! pic.twitter.com/v566HWIIrR — Ali (@ali_charts) July 21, 2024 Usually, this pattern – called the head and shoulders – indicates a negative trend reversal. Martinez points out, nevertheless, a major discrepancy in this situation. There are three peaks in the head-and-shoulders configuration; the centre peakᅳthe headᅳis tallest. The two adjancent peaksᅳthe shouldersᅳhave almost the same elevation. Usually, a decline below the necklineᅳwhich right now is at $14.63ᅳwould indicate a bearish change. Martinez advises, however, that Chainlink may ward off these negative consequences by keeping a price over $14.70, thereby paving the ground for a significant price rise to $18.3. Chainlink (LINK) Price Projection Based on the most recent analysis by CoinCheckup, Chainlink is selling around 90% below its projected value for next month. This notable undervaluation implies that LINK is presently going through a period of reduced price in relation to its expected future worth. Technical signs and market circumstances point to a positive future with projections of a 35% rise over the next three months. This expected increase suggests a possible trend of stabilisation and recovery. Longer-term forecasts seem much more positive. Forecasts of a 140% rise over the following six months reflect significant positive momentum and a potential recovery trend. The one-year projection of the platform supports this encouraging view even more by implying a 76% increase at the end of the year. Such forecasts highlight Chainlink’s prospects for significant appreciation, which makes it an interesting choice for those looking for long-term profits. Market Conditions And Levels Of Resistance More general market dynamics have shaped Chainlink’s recent pricing swings. Over the weekend, the market for cryptocurrencies showed modest volatility marked by a neutral candlestick development in Bitcoin. Related Reading: Terra Classic Poised For 280% Rally On ‘Major Recovery Strength’ – Analyst The technical signs are looking positive. The fact that the asset is now trading higher above both the 20-day and the 50-day moving averages is a highly encouraging indicator. As an additional point of interest, the average directional index (ADX) is decreasing and is currently at 25%, which indicates that the downward trend is beginning to slow down. This indicates that the price of LINK may increase in the near future. Featured image from Pixabay, chart from TradingView

The US spot Ethereum ETFs are set to launch on Tuesday, July 23rd, with projections indicating potential monthly inflows of $1.2 billion. This forecast comes from ASXN, a research firm specializing in crypto finance analytics. US Spot Ethereum ETFs Could Surprise To The Upside At the core of ASXN’s analysis is the comparison between the newly introduced Ethereum ETFs and the previously launched Bitcoin ETFs. One of the critical differentiators highlighted in the report is the fee structure. The Ethereum ETFs, while mirroring the fee approach of Bitcoin ETFs, introduce a notably competitive twist with Grayscale’s new ‘mini trust’ Ethereum product. Initially disclosed at a 0.25% management fee, the fee was quickly adjusted to 0.15% after competitive pressures from other low-fee products like Blackrock’s ETHA ETF. Grayscale has strategically re-positioned 10% of its Ethereum Trust (ETHE) Assets Under Management (AUM) to this mini trust, offering ETHE holders an exchange to the new ETF at no tax liability—a move aimed at retaining capital within its ecosystem and providing a more attractive fee structure to fee-sensitive investors. “Grayscale’s strategic adjustment of its fee structure and the innovative mini trust offering are likely to redefine the competitive landscape of Ethereum ETFs,” an ASXN analyst commented in the report. “This could not only stem potential outflows but also attract a broader base of institutional investors due to the more favorable fee dynamics.” Related Reading: Here’s What To Know On Grayscale Bitcoin & Ethereum ETF Spinoffs – Details ASXN’s report also covers the potential market impact of the inflow of funds into Ethereum ETFs. Utilizing global data from existing crypto Exchange Traded Products (ETPs), the research draws parallels and contrasts between the Ethereum and Bitcoin markets. Historically, ETPs have been overweight in Bitcoin relative to Ethereum based on AUM ratios compared to market cap ratios. This has shifted slightly with Ethereum gaining more traction and investment confidence. Referring to other research reports on potential ETF inflows, the report notes: “There have been many estimates for the ETF flows, some of which we have highlighted below. Taking the estimates and standardizing them yields an average estimate in the $1bn/month region. Standard Chartered Bank offers the highest estimate with $2bn/month, while JP Morgan is on the low end at $500m/month.” ASXN’s estimate lies at $800 to $1.2 billion per month. “This was calculated by taking a market cap weighted average of monthly Bitcoin inflows and scaling this by the market cap of ETH,” the firm notes. Furthermore, they backed their estimates with the global crypto ETP data and “are open to an upside surprise given the unique dynamics of ETHE trading at par prior to the launch and the introduction of the mini trust.” The Reflexivity Of ETH In terms of liquidity, the report suggests that Ethereum’s market dynamics are distinct from those of Bitcoin. Although Ethereum’s overall liquidity is slightly lower, the impact of new ETF inflows could be more pronounced due to Ethereum’s lower ‘float’—the amount of an asset readily available for trading. “Ethereum’s liquidity profile, compounded by its smaller float relative to Bitcoin, implies that inflows into the ETF could have a disproportionately positive effect on its price,” states the report. Related Reading: CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date Moreover, ASXN’s analysis is devoted to the reflexivity inherent in Ethereum’s market. According to the report, inflows into Ethereum ETFs could lead to higher Ethereum prices, which in turn could increase activity and investments in the decentralized finance (DeFi) sector and other Ethereum-based applications. This feedback loop is supported by Ethereum’s tokenomics, specifically the EIP-1559 mechanism which burns a portion of transaction fees, effectively reducing the total supply of Ethereum over time. “The reflexivity of Ethereum’s market extends beyond simple supply and demand dynamics due to its integral role in DeFi and other blockchain-based applications,” ASXN explains and adds, “as the price of Ethereum increases, it could significantly enhance the underlying fundamentals of the DeFi platforms, driving further investments and creating a self-reinforcing cycle of value appreciation.” The report concludes with strategic insights for traditional finance (TradFi) institutions considering Ethereum investments. It argues that the narrative around Ethereum as a multi-faceted platform for decentralized applications provides a compelling value proposition beyond the “digital gold” narrative typically associated with Bitcoin. ASXN also speculates on the future potential for a staked ETH ETF, which could attract TradFi players with its yield-generating capabilities. “The possibility of a staked ETH ETF could become a game-changer, offering traditional finance a way to engage with crypto assets that not only appreciate in value but also generate yield,” the report suggests. At press time, ETH traded at $3,494. Featured image created with DALL·E, chart from TradingView.com

Ordinals are a relatively novel innovation within the crypto space, but ORDI, the cryptocurrency with the Ordinals namesake, is within the grasp of the bears. According to the latest market data provided by CoinCodex, the token is down nearly 5% within the last 24 hours despite Bitcoin making an 11% gain within the past week. Related Reading: Here Are 5 Reasons To Be Bullish On Bitcoin, Analyst Says Up And Down The Rabbit Hole Even though the market seems bullish for Bitcoin and the market as a whole, Ordinals seem to go against the grain. Analysts are hopeful that ORDI is on the path to a potential bullish breakthrough, however, this seems unlikely. Although BRC-20 standard tokens are following the general market trend, ORDI in itself is bland, offering no other utility, unlike others within the same category. But its utility in bringing NFTs to the Bitcoin blockchain might provide some value to the mix. A recent “State of the Union-esque” done at Christie’s Art and Tech Summit showed that the NFT market’s relationship with the traditional art world is in a transitional stage. “We know that there is a provenance verification opportunity here. We all know it and we all know that the art world is resisting it because it suggests transparency, which we say we want but we don’t really want,” Pace Gallery CEO Marc Glimcher said at the event. If Bitcoin Ordinals keeps attracting developers to its niche, further expanding the codebase on Github, there might be a chance that an increase in development for the open-source platform will lead to overall higher adoption of the BRC-20 standard that will increase investor confidence towards the asset. $50 ORDI Closer Than Expected? Despite volatility being a double-edged sword for the most part, ORDI bulls are in a great position to push the token to its limits; At the time of writing, ORDI sustained a solid 26% rally in the weekly frame. And at $41.33, the price offers little resistance to the overall positive mood of the market, which might lead to a bullish takeover within the next couple of days. ORDI price up in the weekly frame. Source: Coingecko Related Reading: AVAX Brushes Off Bearish Pressure With 11% Rally – Details Once this occurs, ORDI has a higher chance of meeting the $50 mark within the next few weeks. But the high volatility also means that this move of accumulation will be a gamble for investors and traders as more and more analysts eye a bigger breakthrough in the long run. This scenario is highly dependent on the general market upswings that might or might not occur these next few weeks. Investors and traders should monitor the market and look for other opportunities before considering a runback to ORDI. Featured image from Pexels, chart from TradingView

The price of Injective has increased by over 25% in the past week, from a low of $17 to $23.27 this morning. Recently, the cryptocurrency market has been trending positively, and the substantial increase in Bitcoin’s price is a significant factor in this price ascent. The upbeat perception of Bitcoin has been a significant factor in the success of altcoins. Injective is one of the most significant beneficiaries. Related Reading: Expert Foresees XRP Soaring To $250: Technical Analysis Explained A decent rise in trading volume has coincided with INJ’s price spike, suggesting increasing investor interest. With $512 million in 24-hour trading volume and a $2.17 billion market capitalisation, it is evident that injective is becoming more and more popular in the market. Expert Eyes $50 Goal The renowned cryptocurrency specialist, World of Charts, has expressed a favourable evaluation of Injective’s probable price trajectory. According to his research, INJ is now seeing an upward trend and is consolidating within a bullish continuation signal, namely a falling wedge formation. With its lower highs and lower lows, the falling wedge pattern implies that a breakout may be on the horizon. $Inj#Inj Is In Strong Uptrend Currently Consolidating Within Falling Wedge (Bullish Pattern) Injective Needs To Clear This Wedge To Continue Its Upside Move Incase Of Successful Breakout Expecting Move Towards 50$ In Coming Weeks#Crypto #Injective pic.twitter.com/oTkRdHdNes — World Of Charts (@WorldOfCharts1) July 15, 2024 World of Charts highlighted that Injective must effectively break out of its wedge pattern in order to resume its upward trajectory. A breakthrough would indicate that the consolidation phase is over and the rising trend is back on track. The expert anticipates that if this breakout happens, the price of INJ would rise over the next few weeks and approach $50. Ethereum ETFs: Will They Change The Injective Market? The market is getting even more excited because Ethereum ETFs will be available starting July 23. People think that this important event will give the market new hope, which will bring in new buyers and make more people want to buy cryptocurrency. As expected, the release of Ethereum ETFs will cause the price of Injective to go through the roof. People who follow the market are very positive about how Ethereum ETFs might affect it. The expected influx of big investors and the ease of access to Ethereum-related assets may cause the values of altcoins to rise. INJ Price Prediction: A Positive Sight By August 16, 2024, Injective is seen rising by 220% to $83.77. As we speak, th coin has a 69 score on the Fear & Greed Index. Having a price range of 6.60%, injective has had 15 out of 30 “green days” during the past 30 days. These factors indicate that the altcoin could see significant increase in the next months. Due to the fact that the cryptocurrency industry is still expanding, Injective is in a favourable position to profit from the current bullishness as well as the market triggers that are going to occur in the near future. Related Reading: Shiba Inu Prepares For Major Burn As Liquidity Surpasses $800 Million Strong fundamental trends, a positive market mood, and big events like the launch of Ethereum ETFs have all contributed to an environment that is conducive for Injective’s price performance. Featured image from Injective, chart from TradingView

In a new post on X, Miles Deutscher, a noted crypto analyst with over half a million followers, has proclaimed the current market condition as “one of the most bullish setups” he has seen in his six-year career in the crypto industry. Deutscher outlined ten pivotal catalysts that he believes are primed to drive the cryptocurrency markets higher in the near term. “There has been a lot of talk recently about headwinds (Germans selling, Gox, macro etc.). But the reality is, there is A LOT to look forward to,” Deutscher emphasized. 10 Reasons To Be Ultra Bullish On Crypto #1 German Government BTC Sales: Deutscher notes that the German government has exhausted its BTC reserves to sell, which removes a significant selling pressure on the market. “The best thing about overhang is that once selling is priced into the market, there is a floor on downside and headroom for price to move higher. We still have Gox, but there’s now light at the end of the tunnel,” he explained. #2 Bitcoin ETF Inflows: According to Deutscher, the strong inflows into Bitcoin ETFs are underappreciated. Over the past month, these ETFs have seen inflows exceeding $1 billion, signaling sustained investor interest. “I think many people are underestimating the magnitude of the long-term impact of the ETFs on BTC. It provides a strong passive bid for the market, and appetite for the ETF isn’t going away (we’ve had +$1b this past month),” Deutscher added. Related Reading: Solana’s Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes’ Best-Performing Crypto Title #3 US Presidential Election: The crypto analyst pointed out betting markets like Polymarket, where Trump is favored to win. A Trump presidency is viewed as a positive catalyst for crypto, given his administration’s perceived support for the industry. #4 Trump Advocacy at BTC 2024 Conference: Deutscher also highlighted Trump’s scheduled appearance at the BTC 2024 conference, where he is expected to advocate for Bitcoin and cryptocurrencies more broadly. Rumors have it that Trump could make another major announcement. Bitcoin Magazine CEO David Bailey has floated the idea of making BTC a strategic reserve asset for the United States. #5 FTX Repayments: The repayment of $16 billion to creditors by FTX is a less discussed but crucial factor. “Many of these recipients will likely re-enter the market, leading to a fresh bid,” Deutscher predicts, suggesting a potential increase in buying activity in the crypto markets. #6 Global Liquidity Cycle: Deutscher also mentioned the correlation between global liquidity and crypto prices. “It’s crazy how correlated crypto (especially BTC) is to global liquidity. Interestingly, we’ve been closely following a 65-month cycle. This would suggest a late 2025 peak,” Deutscher predicted. Related Reading: Crypto Analyst Says Ethereum Price Is Headed To $4,000, Here’s Why #7 Spot ETH ETFs: The imminent launch of Spot ETH ETFs is another major catalyst. This marks the first time an altcoin has received such an investment vehicle, potentially expanding Ethereum’s market exposure and investor base dramatically. #8 Goldman Sachs Tokenization Projects: Goldman Sachs’ involvement in three tokenization projects lends significant credibility to the crypto space. This institutional endorsement is expected to benefit a wide array of altcoins and related real-world asset (RWA) applications. #9 Anticipated Rate Cuts: According to the CME FedWatch tool, the market is currently factoring in the likelihood of three rate cuts until the end of the year, with a 90% chance of a 25 basis point reduction in September. This could serve a massive tailwind. #10 Forward-Looking Markets: Lastly, Deutscher emphasized the reflexive nature of crypto markets, where positive sentiment itself can trigger substantial rallies. “Over the coming months, you’re likely to see the market price in these tailwinds. As crypto is highly reflexive, a positive bid off the back of increased sentiment can, in and of itself, lead to a major rally,” Deutscher concluded. At press time, BTC traded at $65,648. Featured image created with DALL·E, chart from TradingView.com

Following the highs of 2024’s first quarter (Q1), the crypto market faced a retrace during the second one (Q2). Despite this, Memecoins has remained the reigning champion of the market for the last three months. Related Reading: Big Filecoin Rally Ahead: Analyst Predicts 4,000% ‘Uphill Run’ Total Crypto Market Cap Falls 14% In Q2 On Tuesday, CoinGecko released its 2024 Q2 Crypto Industry Report. In the report, the crypto tracking website revealed that the total market capitalization declined last quarter. The total crypto market cap dropped 14.4%, $408.8 billion, in the last three months. The crypto market closed Q2 with a market cap of $2.43 trillion, unable to make new all-time highs (ATH). Comparatively, the total crypto market cap reached $2.9 trillion in March. During Q1, the market soared 64.5%, doubling Q3 2024’s growth. In absolute terms, the growth of this quarter (+$1.1 trillion) was almost double that of the previous quarter (+$0.61 trillion). This was largely driven by the approval of US spot Bitcoin ETFs in early January, sending BTC to a new all-time high in March. Additionally, CoinGecko highlighted that the crypto market cap was outperformed by the S&P 500, which registered a 3.9% increase. As a result, the correlation between the total crypto market cap and the S&P 500 plummeted from 0.84 in Q1 to 0.16 in Q2. In Q2, crypto volatility remained high, with an annualized volatility of 48.2% for the total crypto market cap. Meanwhile, Bitcoin (BTC) and the S&P 500 saw 48.2% and 12.7% volatility. Memecoins Continue Leading The Market Despite the market retrace, Memecoins remain the most popular narrative in Q2. According to CoinGecko’s categories web tracking, the sector dominated the chart with a 14.3% market share. Last quarter, Memecoins emerged as the most popular and profitable narrative. The sector delivered massive returns in the first quarter of 2024, with an average return of 1,313% across the top tokens. Tokens like Dogwifhat (WIF) and Book Of Meme (BOME) became market sensations, fueling the memecoin frenzy. These tokens had over 2,000% and 1,000% returns. This quarter, the market saw a Celebrity memecoin frenzy. Public figures like Iggy Azalea, Caitlyn Jenner, and Andrew Tate joined the industry amid controversial launches, hacks, and scam allegations. Moreover, the PolitiFi memecoins surged in popularity. Last week, these tokens outperformed most categories in the crypto market following Donald Trump’s failed assassination attempt. 4 out of the top 15 most popular narratives were memecoin-related, with Solana and Base memecoins registering an 8.44% and 4.61% share. Meanwhile, cat-themed tokens overpowered Q1’s reigning champions in the sector, Dog-inspired tokens. Related Reading: Whale Makes $8 Million With Trump-Inspired Memecoin As PolitiFi Tokens Soar This quarter, the feline-inspired tokens made it to the top 15. The category ran remarkably this cycle, with tokens like Cat in a Dogs World (MEW) and Popcat (POPCAT) surging over 200%. Similarly to Q1, Real World Assets (RWA) and Artificial intelligence (AI) were the second and third most popular sectors. RWA registered an 11.3% market share, while IA tokens saw a 10.9% share of market attention. Featured Image from Unsplash.com, Chart from TradingView.com

At spot rates, Bitcoin and top altcoins like Ethereum and Solana continue to edge higher. Despite the retracement earlier today, BTC is firm and trending above the $60,000 psychological round number. At the same time, ETH and SOL prices are firm above $3,300 and $155. Bitcoin, Crypto Prices Rising Though Liquidity Is Low One analyst has picked out an anomaly as crypto and altcoin prices push higher, recovering after the June and early July drawdown. Taking to X, one observer noted that the rally is organic. Related Reading: Why Is The Ethereum Price Up Today? Of note, there are no usual catalysts, including an uptick in liquidity marked by steep inflows, as expected when the market spikes. As seen in the past, and especially when prices rose in 2021 due to central banks across the world easing or after the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States, there are no signs that prices are edging higher due to more capital pouring in. At the same time, it happens when the United States Federal Reserve (Fed) has not slashed rates, like in 2020 through 2021, triggering a lift-off now that inflation was expected to rise, and it did. What’s happening is that Bitcoin and crypto prices are edging higher without major catalysts. A major reprieve came when the German government finally sold all its coins by July 12. This coincided with Bitcoin and crypto prices bouncing from July lows. The bounce saw BTC clear immediate liquidation levels, now support, to float above $62,000. Will The Next BTC Bull Run Be “Crazier” And “Longer”? For this reason, the analyst thinks the upcoming bull run will be not only “crazier” but also more extended. At press time, Bitcoin remains firm, expanding above $60,000, and traders expect more gains in the days ahead. Technically, buyers have the upper hand now that prices are trending above the middle BB for the first time in over four weeks. Buyers are unyielding, soaking in the selling pressure of July 4 and 5. Still, optimism is high that Bitcoin has more room to bounce. A key resistance line to watch in the days ahead is $66,000. If this level is broken, the odds of BTC floating above $72,000, a zone that wasn’t broken in June, remain high. Drivers of this leg up would include hopes of the United States Fed slashing rates by the end of the year. More traders are betting on multiple rate cuts by the end of the year. Related Reading: Solana’s Popcat Nears $1 Billion Market Cap After Hitting ATH Goldman Sachs’ analysts are already convinced that all macroeconomic conditions are ripe for rate cuts. From recent releases, inflation is cooling off while the United States labor market is strong. Feature image from DALLE, chart from TradingView

Popular analyst Javon Marks projects a significant 44X increase in Filecoin (FIL), therefore transforming the token from its present value of $4.40 to $190. Related Reading: Render (RNDR) Attracts Big Investors: $1 Million+ Whale Moves On The Rise This daring prognosis that he calls an “uphill run” has attracted the interest of the bitcoin community. Based on careful technical study and a hopeful perspective of the future of the market, this ambitious projection shows a startling 4310% growth. Technical Discovery Sparks Hope Marks’ faith in Filecoin’s promise derives from a recent technological discovery. Marks underlined in his most recent study posted on social networking site X that Filecoin has broken a significant resistance trendᅳa sign usually indicating a positive future. Though first seeming as a tiny technical bounce, Marks sees this breakthrough as a big indicator of long-term bullish momentum. $FIL (Filecoin) may only be preparing here for a more than 44X back to the $190 levels as prices hold well broken out of a once critical resisting trend. As prices hold this breakout, sideways action and pullbacks may only contribute to this >4,310% uphill run. https://t.co/tVPvBKX7mn pic.twitter.com/Vipqp2Xypj — JAVON⚡️MARKS (@JavonTM1) July 11, 2024 Breaking this level of resistance is a good indication of continuous optimistic tendencies. Even if we see some sideways trade or slight pullbacks, the long-term view remains absolutely bullish as long as the prices maintain above this prior barrier. Market Mood And Institutional Interest Beyond technical study, Marks notes other general market elements that could support Filecoin’s development. Institutional investors, many of whom value distributed storage solutions, are showing fresh interest in cryptocurrencies generally. Filecoin’s strong technological architecture helps it to profit from this trend. It is impossible to overestimate the growing institutional curiosity in distributed storage solutions, the analyst suggested. The demand for Filecoin’s services will naturally rise as more businesses grasp and use these technologies, therefore increasing the value of the currency. Marks also underlined the generally rising attitude in the bitcoin market. Filecoin stands out among many investors looking for chances with great potential for growth because of its excellent technical basis and market relevance. Present Market Activity And Prices Filecoin fetches for $4.40 at the time of writing, a tiny 1.9% rise over the past trading session. Within a 24-hour range of $4.10 to $4.25, the token’s price has varied very steadily but somewhat higher tendency in the short run. These increases have been seen among changing investor attitude and different market situations. FIL market cap currently at $2.4 billion. Chart: TradingView.com With a good trading volume of $180 million over the past 24 hours, Filecoin indicates strong market activity. Reaching as $2.5 billion, its market capitalisation confirmed its prominence in the crypto scene. Optimism Among Variability The analyst counsels investors to approach with cautious optimism even with the positive indications. The natural volatility of the bitcoin market implies that, despite best intentions, forecasts can frequently fall short because of unanticipated market dynamics. While the technicals and market circumstances are positive, investors need to be cautious of the risks, Marks said. Strong signs might be overwhelmed by unexpected changes; the crypto market is famously erratic. Investors have to be aware of these hazards and control their expectations accordingly. Related Reading: Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market A Possible Game Change Strong technical indications and favourable market circumstances help Javon Marks’ study of Filecoin to present a convincing picture of its future. Filecoin’s special position in the distributed storage space might definitely help to open the path for notable expansion as the bitcoin industry develops. Filecoin is under constant observation by both experts and investors, hence the next months will show if this ambitious projection will materialise or if market volatility will once again change the scene. Featured image from Binance Academy, chart from TradingView

The Trump-inspired tokens surged around 40% following Donald Trump’s assassination attempt. As a result, PolitiFi tokens closed the week, outperforming most categories in the industry. The remarkable performance earned some crypto whales millions in profits from the MAGA (TRUMP) memecoin. Related Reading: 1,000 Bitcoin On The Move: Satoshi-Era Whale Stirs The Crypto Waters Crypto Whale Profits From TRUMP Memecoin On Sunday, on-chain tracking platform Lookonchain reported that a crypto whale had made millions from a Trump-inspired memecoin. An address deposited all their TRUMP holdings to the crypto exchange BTSE. Per the report, the whale bought 1.08 million TRUMP between November 22 and December 4, 2023. The address acquired the tokens at an average price of $0.5, spending $540,000 for the memecoin. Seemingly, the whale made $8.85 million from the tokens, $8.3 million of which were profits. Per Lookonchain, the wallet was suspected to be owned by renowned crypto trader GCR. However, it was later confirmed the address in question wasn’t related to the crypto trader. Lookonchain also reported another address holding a significant amount of the Trump-inspired memecoin. The second address, also suspected to be linked to the crypto trader, has $6.5 million in unrealized profits from TRUMP. The whale wallet tagged “GCR: Address 1” spent over $700,000 to buy 936,279 TRUMP. The address bought the tokens at an average of $0.75 between December 8, 2023, and January 18, 2024. At the time of the report, the whale’s holdings were worth around $7.23 million. Nonetheless, it hasn’t been confirmed if this address is linked to the renowned crypto trader. PolitiFi And Trump-Inspired Tokens Soar Over the weekend, former US President Donald Trump survived an assassination attempt. The Republican Presidential Candidate got shot in the ear during a campaign rally in Butner, Pennsylvania. Following the news, PolitiFi tokens soared over 30%. DeFi creator and analyst Jake Pahor shared that the PolitiFi sector outperformed most categories over the weekend. Pahor cited DeFiLlama data, revealing that PolitiFi tokens rose 36.7% last week. The DeFi analyst also noted that “all categories outperformed Bitcoin over the past 7 days, possibly indicating a shift towards a risk-on environment.” Before the failed Trump assassination attempt, Trump-inspired memecoins saw a pump. The tokens surged after the former US President was announced as a keynote speaker at the Bitcoin 2024 Conference on July 27. TRUMP’s price went from $5.74 to $6.54 after the news. This performance represented a 15% and 39.5% surge in the daily and weekly timeframes. Since then, the biggest Trump-themed memecoin has seen a 35% rise, fueled by the most recent incident. Following the assassination attempt, the token went from the $6.3 price range to the $9.51 mark, increasing by over 50% in twelve hours. On Sunday, the memecoin hovered between the $7.3-$7.9 price range, starting the week trading at $7.47. Related Reading: Notcoin (NOT) Ignites Crypto Market, Analyst Predicts 25% Rally As of this writing, TRUMP exchanges hands at $8.15, a 3.8% increase in the last day. This performance also represents a 35.3% and 22.2% rise in the one-week and two-week timeframes. Featured Image from Unsplash.com, Chart from TradingView.com

Solana-based meme coin Dogwifhat (WIF) has taken the cryptocurrency market by storm, becoming the best-performing asset in the first half of the year, as the Shiba Inu puppy-inspired token has outperformed Bitcoin’s (BTC) 48% surge since January, making it the top returner among approximately 70 coins with market caps over $1 billion.  Dogwifhat (WIF) Leads The Pack According to Forbes, Dogwifhat has emerged as the leading performer among the group of coins, with a market cap of more than $1 billion, recording a 1,300% gain from a low of $0.111 since December 2023. Close behind is Pepe (PEPE), recording gains of nearly 800%. At the same time, another meme coin that has significantly increased is Floki Inu (FLOKI), named after Elon Musk’s Shiba Inu dog, recording a 418% increase over the same period. Similarly, Shiba Inu (SHIB) has seen a 67% increase.  Related Reading: Bitcoin Bears Crushed: $100M In Crypto Shorts See Flush As BTC Breaks $63,000 While meme coins dominate the spotlight, the report notes that several tokens outside the meme coin realm have also showcased remarkable rallies, surpassing Bitcoin’s performance.  ETH, the token of the Ethereum network, is up 51% and is poised for potential gains after the expected full approval of the spot Ethereum ETF market, similar to Bitcoin, anticipated to be traded in the coming weeks.  Binance Coin (BNB), issued by the world’s largest crypto exchange by trading volume, has also surged 81%, outperforming BTC’s price action despite recent regulatory and legal challenges faced by billionaire former CEO Changpeng Zhao (CZ), who is currently serving a 6-month sentence following a plea deal with US authorities in 2023. Meme Coin Bonanza While WIF has become the star performer with a 1,306% increase, its market cap has also made a notable recovery in recent months after losing a high of almost $4 billion to currently reach a market cap of $2.1 billion, which has secured Dogwifhat’s 54th place in the top 100 cryptocurrencies on the market.  Pepe also follows behind WIF in this key financial metric, reaching a market cap of $5 billion. However, the two are far behind Dogecoin (DOGE) and SHIB’s market cap figures, which currently stand at $17 billion and $10 billion, respectively, being the largest meme coins in the crypto market.  Related Reading: JPMorgan Says Crypto Liquidations Will End And Bitcoin Bull Market Will Begin, Here’s When Other coins, such as Artificial Superintelligence Alliance, also outperformed the largest cryptocurrency on the market, surging 545% to reach a market cap of $3.6 billion during the same period, while Floki experienced a growth of 392% to reach a market cap of $1.6 billion following the recent market slump recorded since March and April highs.  At the time of writing, WIF continues to rally and is trading at $1.899, up over 14% in the last 24 hours. However, the meme coin is trading 60% below its all-time high of $4.83, set in March 2024.  Featured image from DALL-E, chart from TradingView.com 

Render (RNDR), the governance token of the distributed GPU rendering system, has seen a big rise in whale activity, which means that big investors are paying more attention. Related Reading: Notcoin (NOT) Ignites Crypto Market, Analyst Predicts 25% Rally Santiment says that on July 14, the number of deals worth $1 million or more went through the roof. This made people aware that the price of the token could change a lot. Large transactions often show what big buyers are doing, so they have a big effect on how the RNDR market moves. Institutional Interest And Market Influence The large number of whales trading RNDR coins shows that big buyers see the token as a valuable asset. When whales jack up their buying activities, the price may go up, otherwise it remains stagnant. It’s clear from this pattern how important establishment players are in setting market trends. In the past, when there were more whale trades, the price of RNDR tended to go up. Looking back at similar events in March and May, we can see that RNDR’s price went from being bearish to being positive. This shows that whale behaviour is linked to price increases. The price of RNDR was $6.20 at the time of the news, down 8.85% in the last 24 hours. Even though there is a short-term drop, other signs point to a possible positive trend. Render market cap currently at $2.4 billion. Chart: TradingView.com Network Activity And Market Sentiment In addition to whale action, Render network metrics have gotten a lot better. IntoTheBlock data shows that the number of active addresses on the network has increased by 100% in the last week, which means that the number of users is growing. In addition to the increase in new members, there has been an 86% growth in the number of new locations. The mood in the market about RNDR has also improved. Analysts at Santiment say that the Weighted Sentiment measure has turned positive, which means that the market as a whole has better feelings about RNDR. Price increases often happen before positive mood does, because it shows that buyers are becoming more confident. Render Price Forecast Related Reading: Analysts Unanimous: Solana (SOL) To Soar 100% – Details Even though current sentiment has been negative and the Fear & Greed Index has been neutral, the long-term picture for Render Token is still positive. Render has a probability of increasing in price by around 226% and hit $21.51 by mid-August, according to current predictions. But the token’s success over the last 30 days, with 47% “green” days and 8.63% price fluctuation, makes it important to be careful. Featured image from Asia Crypto Today, chart from TradingView

Recent events have seen the Bitcoin market show fresh vitality; the price of the coin exceeds $63,000. This spike coincides with a slew of noteworthy occurrences that both experts and investors have noticed. Related Reading: Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market Dormant Wallet Turns Into Action The turning on of a long-dormant Bitcoin wallet is among the most interesting events. Known as “1 EhXAfST,” the wallet had been dormant for almost 12 years until abruptly sending 1,000 BTC—worth about $60 million—to two new wallets. Given the wallet’s background, this shift is very important; each BTC was only worth $12.06, hence the initial investment was $12,060. With a current worth of $60 million, Bitcoin’s price rise over the previous ten years is clearly shown as amazing. 4 hours ago, the dormant wallet “1EhXAfST” woke up after 11.8 years and moved 1,000 $BTC (~$60M) to 2 new wallets! The wallet received those $BTC on Sep 25, 2012, when the price was only $12.06 ($12.06K). Watch out for more #Bitcoin updates by following @spotonchain and setting… pic.twitter.com/0YUVUWFKdJ — Spot On Chain (@spotonchain) July 15, 2024 Although the causes of this movement are yet unknown, it has spurred debates about possible profit-taking or strategic repositioning by long-term owners. Nonetheless, experts believe that this one transaction is not expected to have a major influence on the general price of Bitcoin on the market. Raised Whale Activity And Accumulation Along with the dormant wallet’s ressurection, Bitcoin whale activity has clearly increased. As Bitcoin’s price dropped to about $53,500 during the previous week, big investors bought over 71,000 BTC, or almost $4.3 billion overall. Reported to be the quickest since April 2023, this accumulation pace points to a high positive attitude among the main market participants. The increase in whale activity corresponds with a period of price volatility, indicating that these big players might be seeing recent price declines as purchase prospects. This behaviour usually conveys assurance about the long-term future of the item. ETFs Boost Market Momentum The function of spot Bitcoin ETFs is another major determinant of the dynamics of the present market. With just the previous week acquiring $1.1 billion worth of Bitcoin, these quite young investment vehicles have showed strong success. The whole Bitcoin holdings of US ETFs have been driven to fresh all-time highs by this flood of institutional interest. The great success of Bitcoin ETFs is interpreted as a good indication of the general acceptance of the bitcoin. It offers conventional investors a controlled way to get exposure to Bitcoin without really owning the asset, hence perhaps widening the investor base and raising general market liquidity. Overview Of Bitcoin Prices With Bitcoin trading at $63,165 as per the most recent statistics, it is over a significant trend line. Market players are attentively observing this present price point as it can suggest the direction of further price fluctuations. Technical experts propose that there is possibility for a further 8% price gain should Bitcoin keep its position above the $59,500 support level. The current patterns in accumulation and growing institutional interest support this perspective. Still, the market is vulnerable to change. A dip below $56,405 might indicate a turn towards negative attitude, maybe resulting in a 7.5% price decline. This emphasises how crucial the present support levels are for deciding temporary price swings. Related Reading: Notcoin (NOT) Ignites Crypto Market, Analyst Predicts 25% Rally The Road Ahead Meanwhile, rising ETF participation, awoken dormant wallets, and more whale activity all point to a market in change. Although these advancements are usually seen as encouraging signs, the bitcoin market is notoriously erratic. In the next weeks, experts and investors will be attentively observing several aspects. They will be looking for more moves from once inactive wallets to gain understanding of long-term holder mood. Featured image from CNBC, chart from TradingView