[ad_1] A trader who continues to grow his following with timely altcoin calls thinks that an Ethereum (ETH)-based memecoin is gearing up for a huge upside move. Pseudonymous analyst Bluntz tells his 270,400 followers on the social media platform X that he has his radar locked on the memecoin Pepe (PEPE). According to the analyst, PEPE’s two-hour chart resembles Bitcoin’s (BTC) price action in January 2023 when it was bottoming and trading at around $16,000. “Took one look at PEPE this morning and had deja vu like I’d seen this before. I had and it was BTC at the 16,000…
Author: dfrancis36
[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] Solana (SOL) is one of the strongest assets in the crypto market, currently navigating a consolidation phase following three weeks of aggressive volatility marked by significant ups and even more significant downs. Despite the recent turbulence, Solana’s resilience has kept it on the radar of both analysts and investors, who are closely monitoring its price action. As this period of consolidation unfolds, there is growing speculation about the potential for massive gains ahead. Some market experts are already predicting that Solana could surge toward its all-time high of $260 later this year, driven by its robust ecosystem and continued…
[ad_1] The price of cryptocurrency Toncoin (TON) has experienced a steep decline following reports of the arrest of Telegram CEO Pavel Durov. Toncoin has been one of the best-performing digital assets in 2024, however, the altcoin has faced a rather turbulent period in the last two months. Toncoin Reacts To Telegram CEO’s Detention According to French source TF1 TV on Saturday, Telegram founder and CEO Pavel Durov was arrested at the Le Bourget airport in France after alighting from his private jet. Durov, a 39-year-old Russian-born Emirati, has been reportedly detained due to a “lack of control” on Telegram which…
[ad_1] You don’t have to have had your eyes glued to the markets recently to have noticed that Bitcoin ETFs have been dominating the headlines again this week, in every sphere but that of focus on retail investors. In a recent conversation on X, Bitwise CIO Matt Hougan challenged the prevalent belief that financial instruments are a consequence of retail hysteria. He said institutional interest in their kind is sweeping the markets and setting records. Bitcoin ETFs have earned nearly $18 billion since the start of the year. This is impressive considering that the Nasdaq-100 QQQs raised $5 billion in…
[ad_1] In the past few weeks, following a series of corrections, Bitcoin and the broader crypto market have experienced a significant surge from the lower prices of 2024. Related Reading The momentum picked up notably on Friday after Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, announced a shift in policy, hinting at a potential interest rate cut in September. This announcement has fueled optimism among investors, leading to increased market activity. Additionally, valuable data from Glassnode reveals that long-term holders (LTH) are locking in consistent gains of $138 million in profit per day. But…
[ad_1] It’s been a day over a month since Spot Ethereum Exchange Traded Funds (ETFs) launched, marking a significant milestone for the investment asset. Over this short period, Spot Ethereum ETFs have experienced varying levels of demand, with significant inflows during peak times and reduced market interest at other moments. How Ethereum ETFs Have Fared Since Their Launch According to data from Farside Investors, Spot Ethereum ETFs have been witnessing more outflows than inflows since its launch on July 23. Despite expectations of a strong demand and performance, these investment products have recorded a staggering $465 million in outflows. These…
[ad_1] Shiba Inu (SHIB) has experienced a period of relative calm in recent days, characterized by low price volatility leading up to a 6% increase in the last 24 hours. The phase has been mostly characterized by low price volatility despite huge movements on-chain. Interestingly, it seems the trend has sparked an increase in SHIB accumulation among some large holders. As such, the accumulation has sparked theories of the return of a bullish upside for SHIB, which could mimic a rally witnessed in February. Shiba Inu (SHIB) has recently been defined by significant whale transactions, underscoring the heightened activity among…
[ad_1] Solana has recently demonstrated impressive upward momentum, with its price rising steadily and now setting its sights on the $164 mark. As the cryptocurrency approaches this key resistance level, the focus now shifts to whether this bullish trend will lead to a significant breakthrough or face resistance. This article aims to provide a comprehensive technical analysis of Solana’s current price movement, focusing on its approach to the $164 resistance level. The goal is to assess whether the cryptocurrency’s bullish momentum can drive it through this key threshold, exploring potential scenarios for a major breakout or possible obstacles that could…
[ad_1] A closely followed crypto strategist believes that one red-hot memecoin may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that PepeCoin (PEPECOIN) could retrace to a key level before resuming an uptrend. “Strong PepeCoin is doing well right now, showing a lot of strength. To be determined if this is going to continue momentum, but watch out for the 200-day EMA (exponential moving average) around here. $2.30ish would be a decent entry in the short term. I have a bag.” Source: Altcoin Sherpa/X PepeCoin is trading for $2.97 at…