[ad_1] A widely followed cryptocurrency trader is warning that one low-cap memecoin built on the Solana (SOL) blockchain may abruptly witness a bearish reversal. Pseudonymous trader Bluntz tells his 286,900 followers on the social media platform X that the hippopotamus-themed memecoin Moo Deng (MOODENG) looks to be in the midst of an ABC corrective move after briefly shattering the $0.30 level. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness rallies after completing an ABC move down. According to the analyst, MOODENG moved too high too fast it needs a significant correction before the…
Author: dfrancis36
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] Este artículo también está disponible en español. Chainlink (LINK) has surged impressively over the past few days, breaking above the critical $13 resistance level and posting a remarkable 35% gain. This recent breakout has ignited optimism among analysts and investors, as LINK has faced strong resistance around the $13 mark since late July, struggling to sustain any upward momentum. Now, however, market sentiment appears to be shifting, with many anticipating further upside for Chainlink. Related Reading Supporting this bullish outlook, key data from on-chain analytics firm Santiment reveals that LINK whale activity has reached a 3-month high, with large…
[ad_1] Analyst Olivier has indicated that the Dogecoin price could be only a few weeks away from a new all-time high (ATH). The analyst further revealed what must happen between now and then so the meme coin could surpass its current ATH of $0.73. Dogecoin Price Could Hit New ATH If This Happens In an X post, Olivier mentioned that the Dogecoin price will only be a few weeks from a new ATH once it breaks above $0.23. The analyst’s accompanying chart showed that the foremost meme would rally to a temporary ATH at $1.6. Once that is done, the…
[ad_1] Parfin’s Ethereum Layer-2 chain, Rayls, was recently featured in JP Morgan’s blockchain-focused business unit’s Project EPIC, highlighting the network’s secure and compliant identity solutions to address privacy needs in regulated financial markets. Parfin’s Ethereum L2 Blockchain Privacy Solutions JP Morgan’s Kinexys Digital Assets (KDA), the firm’s blockchain business unit, showcased the United Finance (UniFi) blockchain ecosystem Rayls in its Project EPIC report. The report explores privacy and identity solutions in an institutional landscape, aiming to “articulate the challenges and opportunities in this space and to catalyze industry-wide dialogue and action.” To achieve this, KDA’s team conducted a Proof of…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Data shows the Bitcoin Open Interest to Market Cap Ratio has surged alongside the latest run in the asset’s price to the new all-time high (ATH). Bitcoin Open Interest to Market Cap Ratio Is Now At A 2-Year High As explained by cryptocurrency news account Satoshi Club in an X post, the BTC Open Interest has been overheating relative to the Market Cap recently. The metric of interest here is the “Open Interest to Market Cap Ratio” from the market intelligence platform IntoTheBlock. As its name suggests, this indicator tells us about how the Open Interest of Bitcoin compares…
[ad_1] Este artículo también está disponible en español. Crypto analyst Babenski predicted the Cardano price would enjoy a parabolic rally above $5 and revealed when this could happen. This comes amid ADA’s recent rally, which could mark the beginning of its bull run, having underperformed for most of the year. When The Cardano Price Could Cross $5 In a TradingView post, Babenski revealed that the Cardano price could cross $5 by 2025 year-end or the start of 2026. As part of his analysis, the analyst also noted that Cardao printed a falling wedge on the weekly chart and had broken…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] On Thursday, Detroit announced plans to become the largest city in the United States to accept Bitcoin and other cryptocurrencies for tax payments. According to local media reports, residents will be able to make payments through a platform managed by PayPal from mid-2025 as the city looks to modernize its payment systems. Detroit’s Cryptocurrency Move Mayor Mike Duggan expressed excitement about the initiative, emphasizing Detroit’s commitment to fostering a “technology-friendly environment” that supports residents and entrepreneurs. Duggan stated: Detroit is building a technology-friendly environment that empowers residents and entrepreneurs. We are excited to be one of the first major…