[ad_1] A closely followed crypto strategist and trader says one enterprise solutions project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that Zilliqa (ZIL) may continue its breakout on the weekly chart. He suggests that the altcoin may be following the lead of dog-themed memecoin dogwifhat (WIF), which is up more than 28% in the last seven days. “If WIF looks like this, wait till ZIL plays catch up! Way more upside with this type of chart!!” Source: Altcoin Sherpa ZIL is trading for $0.0167 at time of writing,…
Author: dfrancis36
[ad_1] Bitcoin has shown bullish momentum during the past day, but an analyst has pointed out how the asset may be in a high-risk zone now due to the Open Interest trend. Bitcoin Open Interest Has Seen A Rapid Increase Recently As explained by CryptoQuant community manager Maartunn in a new post on X, the Bitcoin Open Interest has just surged to high levels. The “Open Interest” is an indicator that keeps track of the total amount of BTC-related positions currently open on all derivatives exchanges. When the value of this metric rises, it means the investors are opening up…
[ad_1] In a recent interview with CNBC, Republican Senator Cynthia Lummis, a prominent advocate for crypto assets, discussed the potential for significant regulatory changes following the upcoming US elections. With just under two months until voters head to the polls, Lummis emphasized the need for a robust digital asset framework to support the US economy. Lummis Urges Congress To Lead In Crypto Regulation While there has been notable progress, including the approval of crypto exchange-traded funds (ETFs) that invest directly in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), Lummis pointed out that the US still lags behind the European…
[ad_1] Despite the ongoing gradual recovery in crypto prices, the latest data has shown a shift in sentiment among retail investors, particularly those in the Korean market, who appear to be more cautious. A CryptoQuant analyst named Mac D recently published insights on the CryptoQuant QuickTake platform, highlighting the implications of this change. Retail Interest Dwindles, What About Smart Money? According to Mac D, the decline in retail investor participation is tied to the negative Korean premium indicator—a sign that local investors are losing interest in the crypto space. Bitcoin Korea premium index. | Source: CryptoQuant The primary reason for…
[ad_1] A widely followed crypto analyst known for making timely altcoin predictions is turning bullish on memecoins. Pseudonymous trader Bluntz tells his 276,300 followers on the social media platform X that multiple meme tokens are witnessing big breakouts, leading him to believe that memecoin season is here. One altcoin on his radar is the Solana (SOL)-based memecoin Bonk (BONK). “BONK is in my Noah’s ark portfolio, nice channel breakout today as well. Things are about to get silly with memecoins again, in my opinion.” Source: Bluntz/X Looking at the trader’s chart, he seems to predict that BONK will surge to…
[ad_1] Este artículo también está disponible en español. Solana (SOL) broke above a key resistance level on Friday, fueling the bullish sentiment that reignited over a week ago. As a result, some analysts think the fifth-largest cryptocurrency by market capitalization could be about to see a massive bull run as “Uptober” approaches. Related Reading Solana Retests $160 Resistance Solana’s rally started last week following the market surge driven by the US Federal Reserve’s rate cuts. The jump pushed the cryptocurrency’s price above the $140 resistance level, successfully turning it into support. SOL had failed to break above this key level…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Bitcoin’s (BTC) breakout above $65,000 could lead to ‘exceptionally high’ chances for a wider crypto rally in Q4 2024, according to Markus Thielen, head of research at 10x Research. Sustained Bitcoin Rally Could Spark FOMO In Altcoins In a recent report, Thielen outlined several factors that could set the stage for a crypto rally in the last quarter of 2024. According to the report, further upside for the crypto markets could be on the cards due to two key factors. First, the acceleration in stablecoin minting signals rising interest among investors and traders in re-entering the crypto market. In…
[ad_1] Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) and altcoins will witness big upside bursts for the rest of the year. In a new video, Svenson tells his 79,800 YouTube subscribers that Bitcoin and altcoins are poised for more gains over the coming weeks and months. According to Svenson, the altcoin market cap appears to be repeating a pattern witnessed in the last cycle, when it took 157 weeks before igniting a massive breakout rally. “The altcoin market cap has been consolidating for the entire year. In the beginning of 2024, the altcoins had a huge run into March, gave…
[ad_1] The ongoing legal saga between Ripple Labs and the US Securities and Exchange Commission is heating up again as speculation mounts about a potential appeal from the SEC. This comes after Judge Analisa Torres rendered a landmark decision in July 2023, finding that Ripple’s programmatic sales of XRP to ordinary investors did not breach securities laws. The SEC, however, is apparently not happy with this ruling, especially in light of how it would affect any future regulatory proceedings. The Potential Appeal Of The SEC Journalist Eleanor Terrett of FOX Business recently shared observations from a former SEC attorney who…