[ad_1] The broader cryptocurrency market has endured significant corrections over the past six months, primarily driven by the two largest digital currencies: Bitcoin (BTC) and Ethereum (ETH). Dogecoin (DOGE), the leading meme coin, has not escaped this trend, experiencing a marked decline in value. Dogecoin Price Faces 55% Decline Since March High Since reaching a yearly high of $0.22 in March, DOGE has suffered a substantial drop of 55.9%, currently trading at approximately $0.0976. This decline is even more pronounced over longer time frames; according to CoinGecko data, Dogecoin is now 86% lower than its all-time high of $0.73 recorded…
Author: dfrancis36
[ad_1] The volume of crypto liquidations from exchanges could be vastly underreported, a senior researcher from K33Research noted on X. Vast Underrepresentation Of Crypto Liquidation Data According to a series of posts on X by Vetle Lunde, a senior researcher at K33 Research, liquidation volume data shared by leading digital assets exchange might be severely underreported. Lunde stated: Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market. Referring to crypto exchanges such as Binance, Bybit, and OKX, Lunde said that in 2021, these exchanges changed their liquidation WebSocket API to push only…
[ad_1] Este artículo también está disponible en español. Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected that by 2050, the Bitcoin price could solidify its position as a key international medium of exchange, potentially becoming one of the world’s reserve currencies. This assertion is rooted in the anticipated decline in trust in current…
[ad_1] The world’s largest cryptocurrency by market capitalization has recently experienced a significant downturn, falling below the $59,000 price mark. Despite this decline, which some might view as a potential buying opportunity, recent data suggests that investors are cautiously approaching the market. Low Stablecoin Inflows: A Signal Of Market Uncertainty? According to a recent report from a CryptoQuant analyst under the pseudonym ‘Kriptolik,’ the inflow of stablecoins into exchanges is nearing all-time low levels, a trend that might indicate a lack of confidence among investors regarding the end of Bitcoin’s downturn. Bitcoin exchange metric. | Source: CryptoQuant Stablecoins, typically pegged…
[ad_1] Bitcoin, after experiencing a blood bath last Month, several analysts have re-analyzed its price action to see what this new month of September might hold for the Bitcoin Market. Amongst them, a renowned crypto analyst known as Mags on X has recently shared an insightful perspective on Bitcoin’s current market behavior in one of his latest posts. Is Bitcoin Primed For A September Rally? Mags pointed out that Bitcoin has been in a long consolidation phase since March and is now entering its seventh month. He drew a parallel to a similar pattern observed last year, where Bitcoin also…
[ad_1] As 2024 continues to be a transformative year for the cryptocurrency market, Internet Computer (ICP) has been making significant strides, particularly in the realm of artificial intelligence (A.I.) and innovative product releases. With these advancements, many investors are keenly watching ICP for potential growth opportunities. However, alongside this tech-driven evolution, another token is catching the attention of savvy investors—Mpeppe (MPEPE). The Evolution of Internet Computer (ICP) Internet Computer (ICP), launched by the DFINITY Foundation, is a revolutionary blockchain protocol aimed at decentralizing the internet. ICP enables developers to build websites, enterprise IT systems, and internet services directly on the…
[ad_1] Polkadot (DOT) is struggling below $5.00 against the US Dollar. The price must settle above the $4.35 and $4.50 resistance levels to start a decent increase. DOT declined steadily below the $5.50 and $5.00 levels against the US Dollar. The price is trading below the $5.00 zone and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $4.18 on the hourly chart of the DOT/USD pair (data source from Kraken). The pair could start a decent upward move if it settles above $4.35 and then $4.50. Polkadot Price Remains In…
[ad_1] Shiba Inu (SHIB) has started the month on a bearish note, as its price has dropped significantly since September 1. Based on historical data, SHIB could suffer more price declines this month, as the meme coin has often closed at a loss in September. Shiba Inu Begins September In The Red Data from CoinMarketCap shows that Shiba Inu is down over 3% since September 1. This highlights the bearish outlook for the meme coin at the moment. Besides the price decline, on-chain metrics also paint a bearish picture for the meme coin, suggesting that Shiba Inu is at risk…
[ad_1] XRP price started a recovery wave from the $0.5440 zone. The price is now eyeing more gains above the $0.5720 resistance zone in the near term. XRP price started a decent increase from the $0.5400 zone. The price is now trading above $0.5620 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could climb higher toward the $0.600 zone if it clears the $0.5720 resistance zone. XRP Price Starts Recovery XRP price extended losses…
[ad_1] Data shows Bitcoin users on the Coinbase exchange have been selling recently, a potential reason behind BTC’s drop under $58,000. Bitcoin Has Slipped Under The $58,000 Level In Its Latest Plunge Contrary to what investors may have hoped, Bitcoin hasn’t appeared to have shaken off bearish winds as the asset has witnessed another setback over the weekend. In this latest plunge, BTC hit $57,100 at its lowest, a level that hadn’t been seen since mid-August. The below chart shows what the asset’s recent trajectory has looked like. The price of the coin seems to have been sliding down over…