[ad_1] After a period of consolidation, Chainlink (LINK), the oracle network powering decentralized applications (dApps), is exhibiting signs of a potential breakout. This bullish sentiment comes amidst a broader recovery in the cryptocurrency market, with Bitcoin regaining its footing above the crucial $65,000 support level. Related Reading Technical Indicators Look Verdant Renowned crypto analyst Jonathan Carter is among those betting big on LINK’s future. Chainlink’s price structure is forming a bullish pattern, Carter remarked, pointing to the token’s recent rebound from the middle line of a descending channel. #LINK ChainLink is showing a bullish structure by bouncing off the middle…
Author: dfrancis36
[ad_1] The following is an excerpt from “I Am Not Your Bruh: 21 Keys to Sound Parenting” by George Mekhail. Visit the Bitcoin Magazine Store to order your copy of the book, on sale today.I started using this phrase as my final words to the kids when dropping them off at elementary school and I continue to use it to this day as they are getting ready to go hang out with friends or leave the house. Danielle and I frequently talk about one of our primary intentions with parenting is raising kids who are becoming leaders. The concept of…
[ad_1] A widely followed crypto analyst says that investors shouldn’t expect altcoin season until the Federal Reserve makes its next move. In a new video update, crypto strategist Benjamin Cowen tells his 802,000 YouTube subscribers that altseason likely won’t happen until the Fed loosens monetary policy and cuts interest rates. According to Cowen, in the last cycle, altcoins outperformed Bitcoin (BTC) only after the Federal Reserve began to cut rates. “There’s a lot of altcoins that are actually going down, there’s more going down than going up and that’s why the advance/decline index is dropping off again and it also…
[ad_1] Investors are bullish on Ethereum as the industry awaits the launch of Spot Ethereum ETFs. This sentiment is relayed through the recent expiration of Ethereum options contracts and the put-call ratio. According to data, over 200,000 ETH options recently expired, and the crypto community eagerly awaits the direction of the Ethereum price. Related Reading Notably, the majority of the expiring ETH options are call options, meaning buyers are betting the price will rise. At the same time, the put-call ratio is at 0.36. This low value means market participants are currently buying more call options than put options. Options…
[ad_1] According to data from CoinMarketCap, Solana (SOL) has been slightly positive in the last day, notching a market gain of 1.37%. This price increase, while little, is highly encouraging for investors considering Solana’s bearish form in the past week where it lost 8.11% of its market value. Interestingly, crypto analyst Ali Martinez postulates that SOL could sustain its current positive performance following the discovery of a buy signal. Related Reading Solana Hits Critical $141 Support, TD Sequential Hints At Price Surge Via his X handle on Saturday, Ali Martinez noted that Solana had recently fallen to a key support…
[ad_1] In an interesting development, the FTX Debtors’ Estate is currently battling claims from certain parties over the ownership of assets forfeited by Sam Bankman-Fried (SBF) following the criminal conviction of the former FTX CEO for fraud and money laundering. In a petition submitted on Friday, the debtors’ estate has now approached the US District Court Southern District of New York to establish ancillary proceedings and address these claims. FTX: Three-Way Battle Emerges For SBF’s Forfeited Assets The FTX Debtors Estate has filed for rights to claim all seized assets of Sam Bankman-Fried divided into six main categories i.e proceeds…
[ad_1] The world of memecoins has entered a bizarre new chapter, fueled by the outlandish antics of celebrities and questionable financial ventures. The latest episode features rapper Lil Pump, whose recent social media activity has left the crypto community scratching their heads and wondering – is this a stroke of marketing genius or a recipe for financial disaster? Memecoins: Pumping Up The Hype Lil Pump, known for his platinum-selling hit “Gucci Gang,” unveiled a new forehead tattoo proudly displaying the word “Solana” alongside the blockchain platform’s logo. This wasn’t just a random artistic choice. It coincided with a flurry of…
[ad_1] The native token for a Solana (SOL)-based non-fungible token (NFT) platform surged by nearly 30% this week, defying the wider crypto market doldrums. Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity. The project notes on the social media platform X that 834,000 unique wallets directly signed transactions with its protocol in May, its highest month of all time. Source: Metaplex/X Metaplex also notes that last month, 3.1 million new wallets collected a digital asset created through the project. Source: Metaplex/X…
[ad_1] Bernstein analysts Gautam Chhugani and Mahika Sapra recently revised their price targets for Bitcoin in their latest market report, which also initiated coverage on MicroStrategy. These analysts also outlined factors that they believe could contribute to BTC’s exponential price surge. Bitcoin To Hit $200,000 And Then $1 Million Chhugani and Sapra predicted in the report that BTC will rise to a cycle high of $200,000 by 2025 and that the flagship crypto will reach $1 million by 2033. Bernstein had previously predicted that Bitcoin would reach $150,000 by 2025. However, these analysts have now revised their targets and alluded to…
[ad_1] Two prominent crypto market experts have shed light on the future of meme coins in this market cycle, predicting the potential launch of a Dogecoin Exchange-Traded Fund (ETF) soon. Crypto Heavyweights Affirm Dogecoin ETF Is Coming Co-founder of BitMEX, Arthur Hayes and Chief Executive Officer (CEO) and co-founder of Real Vision, Raoul Pal have appeared in a recent YouTube podcast on Coin Bureau, sharing insights on the potential for a Dogecoin ETF as meme coins continue to gain traction in the market. When questioned about what meme coins he was keeping an eye on in his portfolio, Hayes asserted…