Growing altcoin market cap and a decline in Bitcoin dominance have spurred renewed hopes for altseason.
The post Top Analyst Predicts Ethereum Price To Reach 12k, As Soon ETH ETF Goes Live appeared first on Coinpedia Fintech News
Ethereum (ETH) bulls are getting active as the launch of spot Ether ETFs approaches in the next two months. In the last 24 hours, ETH has surged by 5% and is now trading at $3,907 with a market cap of $468 billion. Daily trading volumes have also jumped by 68%, reaching nearly $17 billion. Ethereum …
The post Friend.tech Co-founder To Exit Base Layer-2 Chain appeared first on Coinpedia Fintech News
Racer, the co-founder of Friend.tech, is considering leaving the Base Layer-2 chain, leading to conflicts with the base community. As per Racer, the team’s relationship with Base has been strained. Severe backlash from Farcaster investors was faced on launch, which has resulted in a challenging environment. Racer has also claimed that the Friend.tech team has …
The post Robert Kiyosaki Slams Bonds’ Safety, Advocates Buying Bitcoin appeared first on Coinpedia Fintech News
Financial Expert Robert Kiyosaki claims that ‘Bonds are safe’ is the biggest lie. He noted that most sophisticated investors generally take losses on their bonds when commercial real estate plunges. He added that the ‘safe deposit’ is ironically not the safest thing, and anything that gives risk-free returns is the riskiest thing. Kiyosaki has repeatedly …
The post Normei Memecoin Plummets 99% in Massive Exploit appeared first on Coinpedia Fintech News
Memecoin Normei has witnessed a major exploit as it lost more than 99% of its value in a single day, amidst which the market cap of the memecoin plummeted from $182 million to $110k within minutes. A trader acquired 11.23 million NORMIE by spending $1.16 million, now valued at less than $150. Normie has reportedly …
James “MetaLawMan” Murphy, the founder and chairman of law firm Murphy & McGonigle, has provided his expert analysis on how the recent policy adjustments under President Joe Biden’s administration might affect ongoing legal battles, specifically the case between Ripple Labs and the US Securities and Exchange Commission (SEC). His insights were shared in the context […]
The post Pepe (PEPE) Memecoin Surpasses Polygon (MATIC) To Become The 19th Largest Cryptocurrency! appeared first on Coinpedia Fintech News
During the early trading hours today, the PEPE token surpassed the Polygon (MATIC) token in terms of market cap by recording a high of $7.167 Billion compared to Polygon’s market cap of $7.113 Billion. The PEPE memecoin has experienced a massive uptrend since the year started, resulting in the Pepe price adding approximately 1,200% to …
The post Mixed Sentiments Intensifies As Cross-Border Market Displays Steady Price Movements! appeared first on Coinpedia Fintech News
The crypto market leader, Bitcoin price, has recorded weak price action over the weekend. However, Ethereum price has displayed a constant uptrend by adding 4.58% over the past two days, highlighting an increasing hype of the ETH token post spot ETF approval. Moreover, Ethereum-based tokens have recorded the highest gains since the news, indicating a …
The post How the Exclusion of Staking from Ethereum ETFs Could Enhance Resilience? appeared first on Coinpedia Fintech News
The SEC’s green light for Ethereum spot ETFs has been a big win for the crypto space, but the exclusion of staking from these ETFs could inadvertently benefit direct stakers and make Ethereum more resilient. The move presents both cause for excitement and strategic benefits within the Ethereum ecosystem; crypto journalist Laura Shin, who hosts …
The price of NORMIE sunk 99% in less than three hours after a smart contract exploit, temporarily gutting its market cap from nearly $42 million to $200,000.
Celebrity social media accounts are being hacked to promote new crypto tokens, causing temporary market surges and raising security concerns.
The post Hackers target crypto influencer X accounts, shill meme coins appeared first on Crypto Briefing.
ETH has come within $70 of the psychological $4,000 price level during early trading on May 27.
The post Ethereum Price To Hit This Level Before ETH ETF Trading Goes Live appeared first on Coinpedia Fintech News
ETH ETFs may start trading by July or August, but the market is already predicting a bullish trend. Arthur Cheong, CEO of DeFiance Capital, expects Ethereum to reach $4,500 before spot ETF trading begins. He believes U.S. approval of spot Ethereum ETFs will attract many retail investors, similar to the 2017 crypto boom. Currently, over …
The post Crypto Whale’s Massive Gains: $MAGA and $FLOKI Skyrocket! appeared first on Coinpedia Fintech News
Since April 8, theunipcs.eth has spent 276.4 $ETH ($863K) on 4.56B $FLOKI (now $1.1M) and 18.45 $ETH ($57K) on 6.27B $MAGA (now $3.48M). In under two months, he earned $3.4M (+6005%) on $MAGA and $245K (+28%) on $FLOKI. Community-driven coins are outperforming the market, with $FLOKI surging 55% in six weeks and $MAGA soaring 175% …
UNI price started a decent increase above the $$10.00 resistance. Uniswap is showing positive signs and might eye more upsides above the $11.75 resistance. UNI started a fresh increase above the $10.00 resistance zone. The price is trading above $11.00 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $9.50 on the hourly chart of the UNI/USD pair (data source from Kraken). The pair might correct gains, but the bulls might eye more upsides above $11.75 in the near term. UNI Price Holds Gains After forming a base above the $8.80 level, Uniswap started a fresh increase like Bitcoin and Ethereum. UNI price gained pace for a move above the $9.20 and $9.50 resistance levels. There was a break above a connecting bearish trend line with resistance near $9.50 on the hourly chart of the UNI/USD pair. The bulls even pushed the price above the $10.50 and $11.20 resistance levels. Finally, the bears appeared near the $11.75 zone. A high was formed near $11.78 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $8.70 swing low to the $11.78 high. UNI is now trading above $11.00 and the 100-hourly simple moving average. Immediate resistance is near the $11.50 level. The next key resistance is near the $11.75 level. A close above the $11.75 level could open the doors for more gains in the near term. The next key resistance could be near $12.20, above which the bulls are likely to aim a test of the $12.50 level. Any more gains might send UNI toward $13.50. Are Dips Supported In Uniswap? If UNI price fails to climb above $11.50 or $11.75, it could start a downside correction. The first major support is near the $11.05 level. The next major support is near the $10.25 level or the 50% Fib retracement level of the upward move from the $8.70 swing low to the $11.78 high. A downside break below the $10.25 support might open the doors for a push toward $8.80. Technical Indicators Hourly MACD – The MACD for UNI/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for UNI/USD is near the 50 level. Major Support Levels – $11.05, $10.50, and $10.25. Major Resistance Levels – $11.50, $11.75, and $12.20.
One crypto lawyer thinks a Donald Trump election win would revert some SEC crypto lawsuits, but others note he hasn’t always kept campaign promises.
XRP price again struggled to continue higher above the $0.5450 resistance. It is now moving lower and might test the $0.512 support zone. XRP is showing a few bearish signs from the $0.5420 zone. The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if it stays below the $0.5420 resistance zone. XRP Price Faces Rejection After a close above the $0.5320 level, XRP price extended its increase like Bitcoin and Ethereum. However, the bears were active near the $0.5420 resistance zone. A high was formed at $0.5422 and the price started a downside correction. There was a move below the $0.5320 support zone and the 23.6% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high. Besides, there was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP/USD pair. The pair is now trading below $0.5350 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5320 level. The first key resistance is near $0.5420. A close above the $0.5420 resistance zone could send the price higher. The next key resistance is near $0.5450. If the bulls push the price above the $0.5450 resistance level, there could be a steady increase toward the $0.5550 resistance. Any more gains might send the price toward the $0.5740 resistance. More Losses? If XRP fails to clear the $0.5420 resistance zone, it could start another decline within the range. Initial support on the downside is near the $0.5225 level and the 50% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high. The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might gain bearish momentum. In the stated case, the price could decline and retest the $0.5025 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5225 and $0.5120. Major Resistance Levels – $0.5320 and $0.5420.
The social media accounts of famous traders, rappers and even Caitlyn Jenner are shilling tokens in what many believe is part of an orchestrated string of hacks.
Ethereum price is again moving higher above the $3,800 resistance. ETH is now consolidating near $3,850 and is eyeing an upside break above $4,000 in the near term. Ethereum started a fresh increase above the $3,750 resistance. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,540 support. Ethereum Price Remains Supported for More Upsides Ethereum price remained stable above the $3,540 support zone. ETH formed a base, outperformed Bitcoin, and started another increase above the $3,650 level. There was a move above the $3,750 resistance. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $3,944 swing high to the $3,530 low. There is also a key bullish trend line forming with support at $3,780 on the hourly chart of ETH/USD. Ethereum price is trading above $3,750 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward move from the $3,944 swing high to the $3,530 low. Immediate resistance is near the $3,880 level. The first major resistance is near the $3,920 level. An upside break above the $3,920 resistance might send the price higher. The next key resistance sits at $4,000, above which the price might gain traction and rise toward the $4,080 level. If there is a clear move above the $4,080 level, the price might rise and test the $4,220 resistance. Any more gains could send Ether toward the $4,350 resistance zone. Another Drop In ETH? If Ethereum fails to clear the $3,880 resistance, it could start another downside correction. Initial support on the downside is near the $3,800 level and the trend line. The next major support is near the $3,735 zone. A clear move below the $3,735 support might push the price toward $3,630. Any more losses might send the price toward the $3,540 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is still above the 50 zone. Major Support Level – $3,800 Major Resistance Level – $3,880
Bitcoin price is slowly losing momentum and struggling below $70,000. BTC is now consolidating and facing hurdles near the $69,500 resistance zone. Bitcoin is facing many key hurdles near the $70,000 zone. The price is trading above $69,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it stays below the $70,000 zone. Bitcoin Price Stuck Below $70K Bitcoin price found support above the $66,000 level and started another increase. BTC was able to clear the $68,000 resistance zone. However, the bears were active near the $69,500 and $70,000 levels. A high was formed near $69,608 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $66,250 swing low to the $69,608 high. It even tested the $68,000 support zone. The bulls are now active near the 50% Fib retracement level of the upward move from the $66,250 swing low to the $69,608 high. Bitcoin price is trading above $69,500 and the 100 hourly Simple moving average. If there is a fresh increase, the price might face resistance near the $69,000 level. There is also a key bearish trend line forming with resistance at $69,100 on the hourly chart of the BTC/USD pair. The first major resistance could be $69,500. The next key resistance could be $70,000. A clear move above the $70,000 resistance might send the price higher. In the stated case, the price could rise and test the $71,200 resistance. Any more gains might send BTC toward the $72,000 resistance. More Losses In BTC? If Bitcoin fails to climb above the $69,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $68,000 level. The first major support is $67,500. The next support is now forming near $67,000. Any more losses might send the price toward the $65,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $67,500, followed by $67,000. Major Resistance Levels – $69,100, and $69,500.
England's High Court of Justice delivered a heavy blow to Wright with a judgment that said he "lied to the court extensively and repeatedly."
The collection will launch on 29 May with fixed pricing across most items.
Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots.
The cryptocurrency market continues to navigate a sea of uncertainty, and Avalanche (AVAX) is no exception. While AVAX has displayed some resilience compared to its altcoin peers, a closer look reveals a market grappling with conflicting signals – a mix of cautious optimism and underlying unease. Related Reading: Shiba Inu On The Verge Of 600% Rally? Analyst Weighs In Bullish Whispers Or A Mirage? The future of AVAX remains shrouded in uncertainty. While some positive signs exist, like relative outperformance and pockets of bullish sentiment, they are countered by concerning metrics like dwindling market control and a significant drop in trading activity. Avalanche: Resistance Levels Loom Large A look at AVAX’s six-month chart reveals a rollercoaster ride, characterized by sharp peaks and troughs. This volatility highlights AVAX’s susceptibility to broader market trends and its dependence on specific developments within its ecosystem. Over the past few months, AVAX has exhibited a pattern of price spikes followed by equally sharp corrections. Currently, the altcoin seems to be consolidating around the $38 mark after a recent dip from April’s highs. If AVAX can maintain support around the crucial $35 level, there’s a possibility for a northward trajectory, especially if a broader bull run materializes in the cryptocurrency market. However, significant resistance awaits at $48 and $53 – price points that AVAX has repeatedly tested and failed to surpass in recent months. A sustained breakout above these levels would signal a significant shift in momentum, potentially propelling AVAX towards the $80 or even $100 mark by the third quarter. A Tale Of Two Markets: Where Do Traders Stand? The trading scene surrounding AVAX presents a curious dichotomy. Coinglass data reveals a staggering 60% drop in trading volume, signifying a significant decline in market activity. This is further corroborated by a relatively balanced long/short ratio across various platforms, suggesting overall indecision among traders regarding AVAX’s future. However, a glimmer of bullish sentiment emerges from Binance, a prominent cryptocurrency exchange. Here, the long/short ratio skews considerably higher, indicating a potentially more optimistic outlook among individual traders on this specific platform. Meanwhile, with a 40% rating on the Fear and Greed Index, the current status of the AVAX market is characterized by neutral mood, indicating that investors have balanced opinions. Related Reading: Chainlink On Fire: Price Nears $18, Profit Ratio Blazes To 2022 Levels Losing Dominance, Waning Interest? AVAX’s struggles extend beyond trading. The altcoin seems to be loosening its grip on market share, with search interest also declining. This translates to a lack of market control and potentially waning general interest – not exactly the recipe for success for a token aiming for significant gains. Featured image from Summitpost, chart from TradingView
Former President Donald Trump made a surprise appearance at the Libertarian Party convention on Saturday, where he called for the commutation of Ross Ulbricht’s sentence, the founder of the Silk Road online marketplace. The move is seen as an attempt by Trump to broaden his support ahead of the 2024 presidential election and neutralize the […]
Elden Ring and Destiny 2 expansions lead June's release slate, but there are some quirkier picks in the mix too.
During the first quarter, the foundation committed $4.34 million in new grants and disbursed $2.79 million in previously committed grants.
The cryptocurrency world is witnessing a familiar sight: a meme coin on fire. PEPE, a token emblazoned with the internet’s favorite frog, has skyrocketed in recent weeks, leaving investors wondering if this is the dawn of a new era or a fleeting fad. Related Reading: Solana to Hit $1,000? Analyst Makes Bullish Call Despite Recent Downturn PEPE On A Tear: New Highs And Whale Activity Over the past month, PEPE has been on a tear, exceeding expectations and leaving a trail of green for investors. The price triumphantly reached a new all-time high, surging over 100% in just 30 days. This astronomical rise translated to happy hodlers, with IntoTheBlock data revealing that a whopping 97% were sitting pretty in profit. CoinGecko data show that Pepe has risen 56% in the previous week and 99% in the last month, recovering its position as the third-largest meme coin by market capitalization from Dogwifhat (WIF). The bullish momentum hasn’t shown any signs of slowing down. The past 24 hours saw another surge of 3.7%, further propelling PEPE to its current peak. This impressive performance has garnered significant attention, not just financially, but also on social media. The coin’s social volume has spiked, indicating a surge in interest and online chatter. Adding fuel to the fire, a whale, a term used for large investors with significant buying power, has been making waves. Lookonchain, a blockchain analytics platform, recently reported a whale withdrawing a staggering 500 billion PEPE from Binance, a major cryptocurrency exchange. This mass accumulation suggests a whale-sized vote of confidence in PEPE’s future. Buying Frenzy Or Overheated Engine? While the recent price increase and social media buzz are undoubtedly positive signs, some analysts are urging caution. A closer look at technical indicators reveals potential signs of an overheated market. The Chaikin Money Flow (CMF), which measures buying and selling pressure, has registered a decline. Similarly, the Money Flow Index (MFI) and Relative Strength Index (RSI) are both hovering in the overbought zone, suggesting PEPE’s price might be due for a correction. Further complicating the picture is the presence of selling pressure. While some investors are piling in, others might be cashing out on their profits. Santiment, a crypto analytics platform, observed a rise in PEPE’s exchange outflow last week, indicating buying pressure. However, they also noted an increase in supply on exchanges, suggesting some investors might be taking advantage of the high price to sell. Potential Price Correction NewsBTC analyzed PEPE’s daily chart to gauge the impact of this potential selling pressure. Their analysis suggests that the price might first fall to $0.0000122 before potentially finding support and initiating another bull run. However, a deeper correction could see PEPE plummet to $0.000010 or even lower. Related Reading: Shiba Inu On The Verge Of 600% Rally? Analyst Weighs In The Most Traded Memecoin Meanhwhile, Pepe was still among the most traded cryptocurrency assets over the previous day, according to data from Binance, with only BNB Coin (BNB), Bitcoin (BTC), and Ethereum (ETH) surpassing it. Pepe continues to be the most traded meme coin, surpassing popular coins such as Dogecoin (DOGE), Floki (FLOKI), and Shiba Inu (SHIB). Featured image from ART street, chart from TradingView
Samson Mow criticizes political support for crypto, warning it could compromise Bitcoin's core values and lead to ecosystem failures.
The post Political support is bad for Bitcoin in the long run: Samson Mow appeared first on Crypto Briefing.
The Consensys CEO believes the week’s seismic events have proven that politics is guiding crypto regulation now—and that’s good news for the industry.