Author: dfrancis36

[ad_1] Cardano price extended gains above the $0.4350 resistance. ADA is now consolidating gains and might correct lower toward the $0.4250 support. ADA price climbed higher and tested the $0.4565 zone. The price is trading above $0.4320 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.4400 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could correct lower and test the $0.4250 support zone. Cardano Price Shows Signs of Short-Term Weakness In the past few days, Cardano gained pace for a move above the…

[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…

[ad_1] Crypto analyst Altcoin Sherpa has answered the question of whether or not the crypto market will witness a repeat of the meme coin supercycle that Dogecoin and other meme coins enjoyed in 2021. The analyst is optimistic that there would be a meme supercycle but not in the way many expect it.   Will There Be A Repeat Of 2021 Meme Coin Supercycle? Altcoin Sherpa mentioned in an X (formerly Twitter) post that the meme coin supercycle is going to happen, but not in the way many think. The analyst believes that the market won’t witness another Shiba Inu (SHIB)…

[ad_1] A crypto analyst has shared his optimistic projections for the popular dog-themed meme coin Shiba Inu (SHIB). According to the analyst, Shiba Inu is set for a massive 450% rally to reach new All-Time Highs (ATH).  Shiba Inu Aims For 450% Surge To New Highs In a recent X (formerly Twitter) post, crypto analyst, Javon Marks expressed bullish optimism about Shiba Inu’s future price outlook. The analyst has forecasted that Shiba Inu is preparing for a 450% surge to new all-time highs this bullish season.  Related Reading Highlighting SHIB’s past performances, Marks revealed that Shiba Inu has shown incredible…

[ad_1] The now-defunct Tokyo-based crypto platform Mt. Gox recently executed a huge transaction carrying over 48,641 Bitcoin, igniting speculations about an upcoming repayment to creditors after the firm went bankrupt years ago. Thus, cryptocurrency enthusiasts and investors are closely watching the reaction of Bitcoin as Mt. Gox continues to carry out massive BTC transactions. However, Ki Young Ju, the Chief Executive Officer (CEO) and founder of CryptoQuant, believes that the FUD around the Mt. Gox Bitcoin repayment process is not as significant as it seems. CryptoQuant Founder Tackles Bitcoin Selling Pressure Fears From Mt. Gox In a significant development, cryptocurrency…

[ad_1] Bitcoin price struggled to extend gains above the $66,000 resistance level. BTC is consolidating and holding gains above the $63,500 zone. Bitcoin struggled to continue higher above the $66,000 resistance zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $64,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up unless it breaks the $63,500 support zone. Bitcoin Price Holds Gains, Can It Rise Again? Bitcoin price remained in a bullish zone above the…

[ad_1] Former US President Donald Trump revealed intentions to release a fourth NFT collection in an unexpected action that draws attention to his growing interaction with the digital asset scene. The development follows an interview with Bloomberg Businessweek in which Trump praised the performance of past collections and expressed changing opinions about cryptocurrencies. NFT Boom For Trump Trump’s entry into the realm of non-fungible tokens (NFTs) has been overwhelmingly positive. Comprising 45,000 digital cards, every one of his three previous collections sold out within a day of publication. “With 45,000 cards sold overall, everything went well. I did it three times…

[ad_1] In a recent interview, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce reopened the discussion of adding staking features to Ethereum ETFs (exchange-traded funds) after their upcoming launch, possibly on July 23.  Initially, ETF issuers such as VanEck and Fidelity had sought approval to wager the underlying Ethereum held in their products. However, it is speculated that they removed this component as one of the requirements for SEC approval of these index funds in May. Reintroduction Of Staking In Ethereum ETFs?  During the interview, Commissioner Peirce expressed her view that features like staking, omitted from the approved Bitcoin…

[ad_1] A top crypto strategist believes that memecoin dogwifhat (WIF) is now poised to witness an increase of more than 350%. Earlier this month, pseudonymous analyst Bluntz told his 265,200 followers that WIF was in the early stages of a fresh five-wave surge. The analyst relies on the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave rally after completing an ABC corrective move. With WIF now trading at $2.21, Bluntz believes that WIF’s ABC correction is over and the memecoin is ready to ignite a massive upside move. “$10 WIF is coded by…

[ad_1] As the highly anticipated launch date of spot Ethereum ETFs approaches, Matt Hougan, Chief Investment Officer of crypto asset manager Bitwise, has stressed the potential for these ETF inflows to drive the Ethereum price to record highs.  In a recent client note, Hougan highlighted the significant impact that ETF flows could have on the Ethereum price, surpassing even the effects witnessed in the spot Bitcoin ETF market in the US.  Ethereum ETFs Poised To Surpass Bitcoin’s Impact?  Hougan confidently predicts that introducing spot Ethereum ETFs will lead to a surge in ETH’s value, possibly reaching all-time highs above $5,000.…