[ad_1] One widely followed crypto analyst is turning bullish on decentralized oracle network Chainlink (LINK) after a massive correction. Crypto trader Michaël van de Poppe tells his 722,800 followers on the social media platform X that based on a historical pattern, Chainlink could enter an uptrend against Bitcoin (LINK/BTC) to end the year. “LINK has been seeing the same pattern over and over again. First six months downwards. Second six months bull market. We’re in the second six month part and are slowly grinding upwards. Good times ahead.” Source: Michaël van de Poppe/X The analyst also says that LINK is…
Author: dfrancis36
[ad_1] Former Goldman Sachs analyst, Murad Mahmudov has unexpectedly criticized two prominent cryptocurrencies, Cardano (ADA) and XRP. The analyst has labeled both altcoins as cult meme coins, sparking heated debate within the crypto community. Analyst Claims XRP And Cardano Are Cult Meme Coins In an X (formerly Twitter) post on June 4, Mahmudov declared that XRP and Cardano were cult meme coins, implying that they have no intrinsic value and their price was driven more by community hype. The criticism came as a surprise to Cardano community members who rebuffed the analyst’s controversial claims. “This is the cycle when people…
[ad_1] Holders of the top meme coins have witnessed rough price action in the past few weeks. The majority of meme cryptos have crashed hard during the last week, with losses of over 20% in each asset across the board. Particularly, holders of the top meme coins Dogecoin, PEPE, and Shiba Inu have been disappointed, as the price drop means many of them have now fallen out of profitability. Interestingly, IntoTheBlock’s “In/Out Of The Money” metric shows a varying level of profitability in each meme coin, and it seems like SHIB holders are currently feeling the heat the most. Comparing…
[ad_1] Shytoshi Kusama, the enigmatic lead developer of the Shiba Inu cryptocurrency project, made his first public appearance today at the Infinity Venture Summit (IVS) 2024 held in Kyoto. The venue, abuzz with Web3 enthusiasts and developers, served as the backdrop for what many expected to be a revelatory moment. However, Kusama’s choice of attire—a dual-masked ensemble complete with a hood—ensured his physical features remained hidden, thereby preserving his anonymity. Shiba Inu Lead Dev Remains Anonymous Kusama’s outfit drew immediate attention for its dramatic flair: the primary mask resembled that of a plague doctor, covering the upper face, while a…
[ad_1] One Solana-based (SOL) meme asset is defying market doldrums and rallying after being listed on numerous crypto exchange platforms. New data reveals that Billy (BILLY), a dog-themed memecoin built over Solana, has jumped over 30% during the last 24 hours after multiple crypto exchange platforms added support for it. The crypto exchange platforms that listed Billy include Bittrue, Bitget, MEXC, and Gate.io, who all announced support for the meme asset earlier this week. Billy is trading for $0.1659 at time of writing, a 36% gain during the last day. On June 26th, Billy was moving for just $0.0286. Billy,…
[ad_1] The cryptocurrency market continues to navigate choppy waters, with many digital assets experiencing significant price drops. However, XRP seems to be charting a different course. While the broader market sentiment remains cautious, large investors, often referred to as “whales,” have been quietly accumulating XRP. This bullish behavior by whales, coupled with positive technical indicators, has some analysts predicting a potential surge for XRP in the coming months. Related Reading XRP Whales Dive Deep: A Sign Of Confidence Or Opportunism? According to data from Santiment, a blockchain analytics firm, the holdings of XRP whales (addresses holding over 1 billion tokens)…
[ad_1] The once-frigid market for NFTs has thawed in a surprising turn of events, defying the recent slump in Bitcoin prices. Data from DappRadar reveals a robust Q2 2024, with a 28% increase in NFT sales compared to the previous quarter, reaching levels last seen in early 2023. This surge comes as Bitcoin experiences its fourth consecutive day of decline, leaving many scratching their heads about the resilience of digital collectibles. Blur Muscles Past OpenSea In A Changing Marketplace Landscape The NFT landscape itself is undergoing a transformation. OpenSea, the former king of the castle, has been dethroned by a…
[ad_1] Data shows users on social media platforms have been calling to sell Bitcoin after its latest crash, a signal that contrarian traders may be waiting for. Bitcoin Sentiment On Social Media Has Turned Quite Bearish According to data from the analytics firm Santiment, social media is showing historic levels of FUD amid the market drawdown. The indicator of interest here is the “Social Volume,” which basically tells us about the degree of discussion around a given topic or term that users on the major social media platforms are currently participating in. This metric works by going through posts/threads/messages on…
[ad_1] The Shiba Inu team has announced their first-ever meet and greet, offering the Shibarmy a rare opportunity to connect with key members of the Shiba Inu development and promotion team. The community is filled with excitement and anticipation for the upcoming event set to take place in the city of Kyoto, Japan. Shytoshi Kusama Announces First Ever Meet And Greet On July 1, pseudonymous Shiba Inu lead developer, Shytoshi Kusama took to X (formerly Twitter) to announce the community’s first meet-and-greet event. The Shiba Inu developer expressed excitement for the upcoming event, declaring his anticipation to meet and connect…
[ad_1] Macro guru and Real Vision CEO Raoul Pal says that the total crypto market cap is primed to skyrocket to a staggering $100 trillion. In a new interview on the Blockworks Macro YouTube channel, the former Goldman Sachs executive says that if the digital assets industry continues on with the same rate of growth, its total market cap will shoot up about 44x in less than 10 years. According to Pal, the explosion of the total market cap of crypto assets is going to be the greatest wealth generating opportunity ever. 29:50 “It’s a $2.5 trillion market cap today.…