[ad_1] Based on crypto analyst Javon Marks’ recent analysis, a massive price breakout could be on the cards for Dogecoin (DOGE). The analyst suggested that this big move for the foremost meme coin could happen sooner than many would expect. Dogecoin To Enjoy A 404% Price Breakout Marks predicted in an X (formerly Twitter) post that Dogecoin could enjoy a price gain of over 404% to reach its current breakout target at $0.6533. He stated that this move may already be loading, suggesting it was imminent. He added that this next leg up “may be a matter of time, and…
Author: dfrancis36
[ad_1] A closely followed crypto analyst says that deep-pocketed investors are suddenly loading up one top-10 altcoin. Crypto strategist Ali Martinez tells his 66,200 followers on the social media platform X that in the past week, whales have scooped up massive amounts of the native token of layer-1 blockchain Toncoin (TON). “Whales have bought more than 45 million Toncoin over the past week, worth around $346.5 million!” Source: Ali Martinez/X Toncoin is trading for $7.77 at time of writing, up nearly 2% in the last 24 hours. Next up, the analyst says that the Tom DeMark (TD) Sequential indicator –…
[ad_1] In a growing storm of controversy, the Polkadot blockchain platform is now facing accusations of discrimination and toxicity within its ecosystem, on top of concerns over an impending funding crisis for its Treasury. Polkadot Criticized For Neglecting Asian Developers The co-founder of the decentralized network Manta, Victor Ji, recently took to social media to voice his grievances. In a scathing post, Ji claimed that the Polkadot Academy event held in Hong Kong this past February was severely lacking in Asian representation, with less than a quarter of the participants being Asian, despite the event taking place in the region.…
[ad_1] The largest bank in Singapore is partnering with a major stablecoin issuer to offer a new crypto custody service. According to a new Bloomberg report, DBS Group Holdings is offering a new crypto custody service in partnership with stablecoin-issuer Paxos Trust Co. According to a Paxos press release, the stablecoin issuer has secured approval from the Monetary Authority of Singapore (MAS) to offer a digital token payment service in partnership with DBS. Paxos says Singapore is the third market the company has secured stablecoin-issuing approval in, behind the United Arab Emirates and the US. Says Paxos head of strategy…
[ad_1] HashKey Group, a prominent crypto financial services firm based in Asia, has embarked on a unique initiative to engage its community and expand its reach. Earlier today, HashKey unveiled a community airdrop of its native token, HSK, signaling the approach of its anticipated listing set for the third quarter of the year. The firm has devised an innovative approach to distribution, incorporating interactive elements through a dedicated Telegram bot, “DejenDog.” Details of The HashKey Airdrop Participants can engage with the “DejenDog” bot to complete various tasks and play a “tap-to-earn” mini-game. Users accumulate HIT points by interacting with a…
[ad_1] Recently, the price of Bitcoin (BTC) has entered a consolidation phase, fluctuating between $61,000 and $62,000 after a brief drop to $58,000 on June 24. While retail investors have shown renewed interest alongside institutional counterparts, the market faces a mix of bullish signs and potential headwinds. Retail Investors Return To Bitcoin In a recent social media post, crypto analyst Ali Martinez highlights the resurgence of retail investors, as evidenced by a four-month high in new BTC addresses reaching 432,026, adding to the sentiment that investors are betting on a significant price increase for BTC in the coming months, despite…
[ad_1] In the latest edition of Capriole Investments’ “Bitcoin Update,” Charles Edwards, founder and CEO, examines the current state of Bitcoin through a detailed analysis of thirteen on-chain indicators to address the critical question: Is the Bitcoin cycle top in? A month after a promising technical breakout above $65.5K, which briefly touched $70K, Bitcoin experienced a sharp reversal, suggesting a possible cycle top. Edwards notes, “Never before has Bitcoin broken a new all-time high and had two retests instead of printing new highs.” This pattern, according to him, indicates a potential size-related consolidation but is generally a sign of market…
[ad_1] Kraken, the renowned cryptocurrency exchange, is exploring the use of nuclear energy as a power source for its data centers. This move comes amidst an anticipated surge in decentralized finance and growing demand for its services. Kraken Exploring Nuclear Power Solutions Kraken’s chief technical officer, Vishnu Patankar, revealed in an exclusive interview with CoinDesk that the company is looking into partnerships with energy providers capable of supplying small modular reactors. These reactors, which can be co-located with data centers, offer a solution that is not constrained by space or weather conditions. “With institutions moving into the crypto asset class…
[ad_1] Crypto investment products tracking Ethereum and others registered another week of outflows last week, albeit at a lesser amount, to extend the run of outflows to three consecutive weeks. Digital investment products witnessed $30 million worth of outflows last week. However, this outflow deviated from the trend we normally observe, with Bitcoin taking a step back and most of the movement coming from Ethereum-based investment products. Particularly, the latest CoinShares report shows that institutional investors pulled a whopping $60.7 million from Ethereum-based investment products in just one week, the largest so far this year. Ethereum Leads The Outflows CoinShares’…
[ad_1] On-chain data shows that selling pressure from Bitcoin miners has recently slowed down. This is significant considering the impact it could have on Bitcoin’s price heading into the third quarter of the year. Bitcoin Miners’ Selling Pressure Has Significantly Declined Referencing data from the on-chain analytics platform CryptoQuant, crypto analyst Crypto Dan noted that selling pressure from miners has significantly declined for two reasons. One is that the quantity of Bitcoin these miners sent to exchanges to sell has reduced drastically since May. Related Reading Secondly, the crypto analyst mentioned that the volume of the OTC Desk that miners…