[ad_1] A crypto analyst has outlined several price targets for popular doggy-themed cryptocurrency, Shiba Inu (SHIB). The analyst has predicted that SHIB could reach the highest price level of $0.0001605 in a few years. Shiba Inu To Hit $0.0001605 Abmoon, a crypto analyst at TradingView, a financial market analysis platform, has shared bullish predictions for Shiba Inu. According to his analysis, the meme coin could achieve several price targets, potentially driving it to new all-time highs. Abmoon disclosed that Shiba Inu had recently caught his interest, leading him to invest in the cryptocurrency. This newfound interest in the meme coin…
Author: dfrancis36
[ad_1] The decentralized oracle network ChainLink and its native token, LINK, have staged a price recovery amid the broader cryptocurrency market’s bounce from a recent significant correction. Despite experiencing a 16% price retracement over the past month, LINK has regained its stronghold, rising 5% to $13 in the past 24 hours after hitting a six-month low of $11 on Friday. Still, cautionary signals have emerged that caught the attention of crypto expert Ali Martinez. Bearish Signals For ChainLink In a recent social media post, Martinez raised concerns about a pattern visible on LINK’s daily chart, suggesting the potential for a…
[ad_1] On-chain data shows the Bitcoin Hash Ribbons are signaling that the miners are still under immense pressure as their capitulation continues. Bitcoin Hash Ribbons Are Yet To Signal End Of Miner Capitulation In a post on X, CryptoQuant community manager Maartunn has shared what the latest trend in the Bitcoin Hash Ribbons has been looking like. The “Hash Ribbons” here refer to two moving averages (MAs) of the Bitcoin mining hashrate. The mining hashrate measures the total computing power the miners have currently connected to the BTC network. This metric may be considered a reflection of the situation among…
[ad_1] EOS, Cardano and Tezos are cryptocurrency’s big sleepers. The latter project has lain dormant since last summer while its legal troubles played out, while EOS and Cardano have been beavering away, but have yet to produce the goods. With signs that all three projects are now stirring into life, investors might finally see a return. The question is, which of these sleeping giants – if any – can lay a glove on Ethereum? Also read: Kathleen Breitman: Tezos Will “Go Rogue” and Launch Soon Ethereum’s Party Poopers Are Late to the Party Assessing the merits of EOS, Cardano, and Tezos…
[ad_1] Bitcoin prices cratered on July 4 before plunging some more a day later. However, by the close of Friday, the bar ended up with a long lower wick, with demand spilling over the weekend. As BTC prices stabilize, there may be hints that the downtrend is over, but not according to this analyst. Bitcoin Remains Under Immense Selling Pressure: Here’s Why Citing on-chain data, the analyst said the downtrend remains, and sellers have the upper hand. Pointing to the Bitcoin MVRV Momentum indicator, the trader noted that the reading is in negative territory for the first time in over…
[ad_1] Bitcoin flash crashed on July 4 and 5, extending losses from all-time highs to about 30%. Though there was a relief bounce over the weekend, forcing the world’s most valuable coin up by nearly 11%, BTC remains within a bearish formation. Bitcoin Correction Not Over: Will Bears Break $50,000? One analyst who took to X confirmed this assessment, adding that the optimism over the last 48 hours could be quashed in the coming sessions. With BTC not out of the woods, at least from technical formation, the analyst predicted not only will the coin sink below last week’s lows,…
[ad_1] Cryptocurrency mining firm Bitfarms has appointed Ben Gagnon as Chief Executive Officer in a move the company said marks a new chapter as it seeks to expand and diversify its operations beyond Bitcoin mining.Gagnon, formerly Chief Mining Officer, has reportedly been a key player in Bitfarms’ rise within the Bitcoin mining industry. With his extensive experience, he is expected to lead the company towards new growth opportunities.Bitfarms Targets New Opportunities Under Gagnon’s leadership, Bitfarms plans to explore new areas such as energy generation, heat recycling, energy trading, and high-performance computing for artificial intelligence. During his tenure as Chief Mining…
[ad_1] Today, a Republican National Committee panel approved a draft of its 2024 party platform, that strongly supports Bitcoin. On page nine, the draft explicitly states, “We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their digital assets, and transact free from Government Surveillance and Control.”JUST IN: 🇺🇸 Republican National Committee panel passes draft of party platform, pledging to "defend the right to mine #Bitcoin" and protect self custody. pic.twitter.com/CnH8nMOuUO— Bitcoin Magazine (@BitcoinMagazine) July 8, 2024 Additionally, it promises to end what it calls the Democrats’ “unlawful and unAmerican Crypto crackdown” and…
[ad_1] A crypto investment firm says it’s looking to double the impact of digital asset donations made to help finance the campaigns of pro-crypto candidates. Multicoin Capital co-founder Tushar Jain says on the social media platform X that the firm is backing the Sentinel Action Fund, a conservative super political action committee (PAC) advancing pro-crypto candidates. According to Jain, Multicoin Capital will match Solana donations of up to $1 million in SOL to support the super PAC’s efforts. “By building the framework for victory by [Senate candidates] Sam Brown, Dave McCormick, Bernie Moreno, and Tim Sheehy, we can add four critical…
[ad_1] Recent data shows that the Bitcoin mining difficulty is on the decline and has hit its lowest since May. This is significant considering what this could mean for the Bitcoin ecosystem, specifically Bitcoin’s price. Bitcoin Mining Difficulty Drops To 79.5 T Data from CoinWarz shows that Bitcoin mining difficulty has dropped to 79.5 T at block 851,204 and hasn’t changed in the last 24 hours. This mining difficulty has continued to fall for a while, with further data from CoinWarz showing that it is down 5% in the last seven and 30 days. Bitcoin mining difficulty refers to how…