A notable Pepecoin (PEPE) whale made headlines by shifting a significant portion of their investment into two rivalling meme tokens, Pepe Unchained (PEPU) and Mpeppe (MPEPE), both of which are poised for potential 100x returns. This strategic move has sparked discussions across the crypto community, raising questions about the future of Pepecoin (PEPE) and the […]
Playdoge (PLAY) has been making waves in the cryptocurrency market with its unique blend of 90s nostalgia and modern Play-to-Earn (P2E) mechanics. However, savvy investors are already diversifying their portfolios by investing in another emerging cryptocurrency, Mpeppe (MPEPE), currently priced at $0.001777. This strategic move aims to maximize profits while reducing risks in the volatile […]
On August 22, 2024, Binance, the world’s biggest cryptocurrency exchange announced to launch of the Solana-based meme coin Popcat (POPCAT) perpetual contracts. Following this announcement, a crypto Whale withdrew 39,816 SOL worth $5.73 million from Binance and bought nearly 10 million POPCAT tokens. Crazy buying of $POPCAT!After #Binance announced the launch of $POPCAT perpetual contracts, …
The world of meme coins is ever-evolving, with new contenders constantly emerging to challenge established favorites. Recently, a new rival has begun to steal the spotlight from Pepecoin (PEPE), drawing the attention of both investors and the broader crypto community. This rival is none other than Mpeppe (MPEPE), a token that has shown tremendous growth […]
A study from August 2023 suggested there were more than 50 UK-based quantum technology startups.
Internet Computer (ICP) has been a significant player, known for its ambition to revolutionize the internet by creating a decentralized global computer. However, some ICP investors are now shifting their focus to a new, promising token, Mpeppe (MPEPE)—which is generating buzz for its potential to deliver 100x returns. Here’s why this shift is happening and […]
New projects rise and fall with the tides of investor sentiment in the crypto world. In this world, Base Dawgz (DAWGZ) has been making headlines as a standout meme coin. However, despite its early success and the enthusiasm of its community, a significant number of Base Dawgz (DAWGZ) investors are starting to explore new opportunities, […]
The founder of Dizer Capital, Yassin Mobarak, recently revealed why crypto investors should not miss out on investing in XRP despite its unimpressive price action so far. The crypto analyst made this revelation while also acknowledging how difficult it is to hold the crypto token for now. The XRP Rally Will Be Massive Mobarak suggested […]
Optimism current price action has caught the market’s attention as bullish momentum builds, driving the price toward the pivotal $1.8 level. This upward drive could mark a potential turning point, challenging the prevailing downtrend that has kept the bulls in check for weeks. As buyers regain control, speculations are, is the once-dominant bearish trend on the verge of collapse, or will resistance at $1.8 hold firm? This analysis explores the recent positive momentum propelling Optimism toward the crucial $1.8 resistance level and assesses whether this push can halt the ongoing downtrend. It will also provide insights into potential outcomes and conclude with an outlook on whether the bulls can maintain their strength or if the bears are poised to regain control by examining technical indicators and key price levels. In the last 24 hours, OP has gained a 5.32% increase, reaching approximately $1.44. The crypto asset market capitalization has surpassed $1.7 billion, with trading volume exceeding $135 million. Over this period, the market cap has increased by 5.40%, while trading volume has surged by 11.78%. Assessing Optimism’s Bullish Momentum Toward Key $1.8 Resistance Optimism’s price is currently bullish, trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart. If the bulls sustain their strength above this key indicator, it could drive the cryptocurrency toward further gains, aiming for the $1.8 resistance level. Also, the Relative Strength Index (RSI) indicates that Optimism could continue its surge toward the $1.8 resistance level. The signal line has risen above 50% and is trending around 69%, suggesting that upbeat pressure remains strong in the market. On the daily chart, OP’s price is demonstrating stability following a successful rejection at the $1.4 mark. This steadiness suggests that the bullish momentum may persist, potentially enabling the price to rise further toward the $1.8 resistance level and the 100-day SMA. If the bulls continue to exert their influence, it could set the stage for more gains and reinforce the upward trend. Finally, the 1-day RSI indicates that bullish momentum for Optimism is building up, with the signal line currently around 50.81% after surpassing the 50% mark, indicating a potential for additional upward movement for the asset. Momentum And Market Moves: What’s Next For Optimism As It Eyes $1.8? Should the current propitious pressure continue and drive OP’s price above the $1.8 level, it could signal the beginning of a bullish rally. The breakout might propel the asset toward the next resistance at $3 and potentially higher levels. However, if Optimism rebounds from the $1.8 level, it might retrace to its previous low of $1. A break below this level could indicate further downside momentum, potentially leading the cryptocurrency toward the $0.4 range and other lower levels. Featured image from iStock, chart from Tradingview.com
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After experiencing a significant 25% pullback earlier this month, plunging to the $49,000 level, the king of cryptocurrencies, Bitcoin (BTC), has managed to consolidate above the crucial $60,000 support for the last 24 hours. However, Bitcoin’s journey toward further price appreciation has been without obstacles. The digital asset has been unable to surpass higher resistance levels, which technical analysts deem essential for a retest of the all-time high levels reached in March. What On-Chain Metrics Reveal According to a recent analysis shared on social media platform X (formerly Twitter), technical analyst Inspo Crypto has highlighted the cautious sentiment among options traders. While they remain bullish, they continue to hedge against potential downside risks, suggesting an expectation of a potential market shakeout or negative news. Related Reading: Dogecoin Price (DOGE) Poised To Surge If This Support Holds The analyst also contends that the selling pressure on the upside has been robust. Wednesday’s price push-up primarily triggered sell orders, leading to the liquidation of high-leverage long positions. Delving deeper into the market data, the options market reflects a mixed outlook with slight bullish tendencies, but the 25-Delta Skew indicates uncertainty, particularly with upcoming economic events influencing trader caution. In the futures market, the data shows short-term bullish momentum but with increased volatility. The rising open interest suggests more market participation, yet the liquidation heatmap highlights the risks of sudden price swings. Bitcoin Breakout To $63,000 Or Consolidation At $60,000? Turning to the spot market and technical analysis, the data paints a picture of bullish momentum, but the cryptocurrency faces strong resistance at the $61,300 to $61,500 levels. The volume, however, appears insufficient to facilitate a significant breakout, and the order book data reveals substantial sell-side pressure at these levels. Inspo Crypto further found that the average trader sentiment is neutral to slightly bullish, with a rating of 5.5 out of 10. Traders are cautiously optimistic, but there are clear signs of uncertainty and potential volatility. Related Reading: Solana Dump Far From Over? Whales Continue To Dump SOL The price forecast for the next 24 hours suggests that Bitcoin may continue attempting to break the $61,300 to $61,500 resistance level. However, a genuine breakout seems unlikely without a substantial increase in trading volume. If the resistance holds, a pullback toward the $60,000 or even the $59,500 level is possible. For the rest of the week, if Bitcoin manages to break through the $61,500 level with increasing volume, a move toward the $62,500 to $63,000 range could follow. Otherwise, consolidation between $59,500 and $61,000 is likely, especially if market volume remains low and selling pressure persists. Late Wednesday, BTC climbed above $61,7000 for the first time in nearly two weeks but has since fallen back to the $60,000 level. Still, the Bitcoin price is up 1.8% over the past 24 hours. Featured image from DALL-E, chart from TradingView.com
Popcat has grown to one of the top three Solana-based meme coins in the past few months. The listing on the Binance exchange will significantly boost Popcat’s liquidity and trading volume. Meme coins are still considered favorites among speculative traders and chains seeking to grow on-chain activities. The emergence of meme coin mania on the …
Grayscale Investment, the world’s largest crypto asset manager, has announced the public launch of the Grayscale Avalanche Trust. Following this announcement, Avalanche (AVAX) gained significant attention from traders and investors and experienced a notable price surge. Grayscale Avalanche Trust With this latest announcement, the world’s largest crypto asset manager now offers more than 20 crypto …
It joins Grayscale's suite of more than 20 crypto investment products.
BNB prices are rising today, driven by Binance’s expansion of its compliance team and the dovish signals from the Fed's July meeting minutes, among other positive factors.
Grayscale's new Avalanche trust underscores the growing institutional interest and diversification in blockchain investments.
The post Grayscale rolls out Avalanche trust product appeared first on Crypto Briefing.
Cryptocurrency corporations have spent a staggering $119 million campaigning in the political landscape for the 2024 US elections. That is nearly half of all corporate contributions in these elections, which total nearly $250 million. Related Reading: Crypto ATM Raid In Germany Yields Nearly $28 Million In Cash Out in front, companies like Coinbase and Ripple […]
The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022.
The last few weeks have been a rollercoaster ride for Bitcoin Investors and traders. It has been very hard to say if BTC will rise or plummet. In this whole confusion state, investors lost millions in trades. However, bitcoin whales have been accumulating. It has been a full month since Bitcoin last touched the $70k …
Separately Managed Accounts, or SMAs, offer significant advantages over ETFs for institutional investors who want to invest in crypto via actively managed accounts.
The Magic Eden Foundation introduces the ME token to enhance cross-chain trading, driving NFT platform expansion and DApp integration.
Bitcoin's potential rise to $65,000 could significantly impact investor sentiment and market dynamics, especially amid economic policy shifts.
The post Bitcoin could rally to $65,000 if key support level holds appeared first on Crypto Briefing.
Compliance experts explain the importance of working with regulators to ensure that effective crypto laws are passed.
Bitcoin has been showing resilience on the monthly chart, consistently maintaining a key support level that once marked its old all-time high. However, it’s price is currently facing challenges after a failed attempt to break above the $61,000 level. As of now, Bitcoin (BTC) has rise to around $60,525, perhaps down from a 24-hour high …
Ocean Protocol has rescheduled the launch of its Nodes Incentive Program to Aug. 29, complete backend updates and enhancements.
Uniswap (UNI), an Ethereum-based altcoin is making waves in the cryptocurrency landscape due to its impressive price surge and recent breakout. On August 22, 2024, following the breakout, a whale reactivated after six months and withdrew a significant 1.48 million UNI tokens worth $10.4 million from Coinbase Prime, as reported by the on-chain analytic firm …
The Solana dump looks far from over as whales continue offloading their SOL holdings during this market downtrend. The recent shakeup in the crypto space might have also contributed to these whales’ bearish sentiment towards Solana. Crypto Whale Offloads $16 Million Worth Of Solana In an X (formerly Twitter) post, the on-chain analytics platform Lookonchain drew the crypto community’s attention to a whale who has sold 114,300 SOL ($16 million) on Binance and OKX since August 4. This whale’s most recent sale came on August 20, when they sold 10,000 SOL ($1.41 million). Related Reading: Ethereum Metrics Turn Positive: Can This Drive A New ATH Above $5,000? NewsBTC previously reported about a crypto whale that sold $86 million worth of Solana this year. This particular whale is also back in action, as on-chain data shows that they recently sold 20,000 SOL ($2.9 million). That brings this whale’s total Solana sale to 614,000 SOL ($89 million) since January 15. Although the reason for these recent sales remains unknown, they could be related to the bearish sentiment in the Solana ecosystem. With its once vibrant meme coin ecosystem being threatened by other networks like Tron and Binance Smart Chain (BSC), Solana’s decentralized exchange (DEX) trading volume is declining, a metric that could ultimately affect its price. Data from DeFiLlama shows that Solana’s DEX volume has dropped by over 20% in the last seven days. Meanwhile, Tron and BSC’s trading volumes are up by over 436% and 15%, respectively. This development is already weighing on Solana, as SOL’s price has remained tepid. Data from CoinMarketCap shows that Solana is one of the few cryptos in the top 20 crypto by market cap not to have recorded a gain in the last seven days. Another reason for the recent bearish outlook on Solana is reports that the US Securities and Exchange Commission (SEC) had rejected the Chicago Board Options Exchange’s (CBOE) 19b-4 filings for the Spot Solana ETFs. The Commission is still said to be adamant that Solana is a security. Some Whales Remain Undeterred Despite the bearish outlook on Solana, some crypto whales remain undeterred and have seen this as an opportunity to accumulate more SOL. Two whales, in particular, recently invested millions of dollars in the crypto token—the first whale (9tuA8L) withdrew 30,000 SOL ($4.25 million from Binance and staked these tokens on August 21. Related Reading: Historical Data Suggests Bitcoin Could Rise 1,000%, Here’s Why Meanwhile, the second whale (7CsCGy) also withdrew 26,245 $SOL ($3.72M) from Binance and staked these tokens on August 21. This move could undoubtedly be profitable, especially if Solana’s fundamentals pick up again. Crypto analysts like Ali Martinez had previously predicted that SOL could reach $1,000 in this bull run. At the time of writing, Solana is trading at around $142, down in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
According to a report from Bloomberg, Brian Nelson, a senior policy advisor to Kamala Harris’ campaign, revealed the vice president’s alleged intention to support the growth of the crypto industry. Harris’ Alleged Crypto-Friendly Stance Nelson, a senior policy adviser to Harris’ campaign, stated that the vice president “is going to support policies that ensure that […]
Franklin Templeton has expanded its pioneering blockchain-integrated money market fund to Avalanche, broadening institutional investor access to digital finance.
Crypto protocols usually sustain real damage after the exploit occurs, but some tokens are more resilient.