[ad_1] A closely followed crypto analyst is issuing a warning, saying that one popular altcoin could be due for a significant correction. Crypto trader Ali Martinez tells his 66,600 followers on the social media platform X that decentralized oracle provider Chainlink (LINK) could see a massive dip in price after failing to maintain a key support level. “LINK faces a potential 45% price correction if it falls below $12.70!” Source: Ali Martinez/X Based on the trader’s chart, LINK appears to be at risk of breaking down from a head-and-shoulders reversal pattern. In technical analysis, the pattern often indicates the start…
Author: dfrancis36
[ad_1] Although Bitcoin has reclaimed the $56,000 price level in the past few hours, its sudden drop below $54,000 on July 5 has reminded investors of the intense volatility associated with the market. In the larger timeframe, Bitcoin has been down by 7% and 20.25% in the past seven and thirty days, respectively. While many crypto traders and analysts are still in the spirit of a bullish cycle in the long term, the sudden price drop wasn’t surprising to some. Notably, crypto trader @TheFlowHorse revealed that the drop to $53,000 resonated with his target of $52,000. Similarly, Ki Young Ju,…
[ad_1] Solana (SOL) recently experienced a price pullback after failing to break below the crucial $118 support level. This rebound indicates strong buying interest at this support level, preventing further declines and stabilizing the price. The $118 mark has proven to be a resilient support, with market participants closely watching Solana’s price action for signs of recovery or renewed bearish pressure. As Solana navigates this key level, traders and investors are analyzing technical indicators and market sentiment to predict the cryptocurrency’s next moves. This article aims to analyze SOL’s recent price movement as it bounces back after failing to break…
[ad_1] LayerZero (ZRO) is currently experiencing strong bullish momentum, positioning itself for potential new highs in the future. This sustained upward trend indicates growing investor confidence and increased market interest in the platform’s capabilities. As ZRO continues to gain traction, technical indicators suggest that this momentum could drive the price to unprecedented levels. Traders and investors are closely monitoring this movement, anticipating further gains and strategic opportunities as LayerZero pushes toward new market peaks. This article delves into providing an in-depth analysis of ZRO’s current bullish momentum and its potential to reach new highs. By examining current price performance and…
[ad_1] Telegram-based game Hamster Kombat has recorded another milestone in terms of its impressive growth since its launch. Based on the remarkable strides the project has made so far, it could be the next big thing in crypto. Hamster Kombat Records 239 Million Users In Three Months Telegram’s founder, Pavel Durov, revealed in a post on his Telegram channel that 239 million users have signed up for Hamster Kombat in just three months since the Telegram mini-game launched. Further highlighting Hamster Kombat’s achievements, Durov mentioned that it took only 73 days for the project to reach 100 million monthly users. …
[ad_1] Dogwifhat, the once-high-flying Solana-based meme coin, suffered a brutal week, mirroring a broader crypto market correction and raising questions about the sustainability of the meme coin craze. Related Reading Meme Coin Mania Meets Market Mayhem WIF, the token powering Dogwifhat, saw its price plummet 15% in just 24 hours. This dramatic drop erased all the gains from a recent rebound rally. The sell-off wasn’t isolated to Dogwifhat; the entire crypto market experienced a double-digit tumble, with major altcoins like Ethereum and Cardano feeling the heat. Analysts point to a combination of factors behind the downturn, including renewed concerns about…
[ad_1] Raoul Pal, the co-founder and Chief Executive Officer (CEO) of Real Vision Group, has predicted that the global crypto market will reach a market capitalization of $100 trillion. The financial expert has maintained a strong bullish position for the future of the industry, outlining several reasons why he believes the market will jump 44X from its current market capitalization. Related Reading Crypto Market To Hit $100 Trillion Market Cap In a recent YouTube interview on the Blockworks Macro channel, Pal predicted that the total market capitalization of the crypto industry could jump from $2.5 trillion to $100 trillion in…
[ad_1] The cryptocurrency market has taken an interesting turn in the last few days, with the price of Bitcoin enduring an intense amount of bearish pressure. On Thursday, July 4, the premier cryptocurrency broke below the $60,000 mark, falling as low as $57,000. BTC continued its price descent on Friday, with the market leader traveling down below $54,000 at some point. This disappointing price run has been linked to various events, including government selloffs and potential selling after news of the Mt. Gox payout. Government Bitcoin Selling Is Overestimated: CryptoQuant CEO In a new post on the X platform, CryptoQuant…
[ad_1] New research from cybersecurity firm SlowMist reveals that the Ethereum (ETH) ecosystem has lost $400 million in exploits year-to-date as the number of crypto hacking cases sees a 50% rise. According to SlowMist’s 2024 mid-year report, the second largest digital asset by market cap saw the most funds lost due to exploits as an ecosystem, followed by layer-2 scaling solutions Arbitrum (ARB) and Blast. “From an ecosystem perspective, Ethereum suffered the highest losses, amounting to $400 million. Followed by, Arbitrum incurred losses of $72.46 million, and Blast suffered losses of $70 million. Additionally, Binance Smart Chain (BSC) experienced the…
[ad_1] The cryptocurrency world is divided over the merits of meme coins – digital tokens inspired by internet jokes and pop culture references. Proponents hail them as a chance for explosive returns, while established figures like Bitcoin evangelist Adam Back scoff, calling them a passing fad. Risky Ride On The Hype Train Meme coins have taken the crypto market by storm in recent months. Tokens like Pepe and Dogwifhat have seen surges in value, fueled by online communities and celebrity endorsements. Influencer Iggy Azalea’s promotion of her own meme coin exemplifies this trend. Analyst Murad Mahmudov sees potential in this…