[ad_1] Shiba Inu is starting to see some upside after a surprising crash rocked the crypto market on Thursday. As the SHIB recovery brings renewed hope among investors, a machine learning algorithm has predicted further upside for the meme coin going into next week. Machine Learning Algorithm Says SHIB Price Will Jump 30% In a surprising twist that goes against the bearish sentiment that seems to be dominating the crypto market, the machine learning algorithm at CoinCodex has predicted a further increase in price for Shiba Inu. The machine learning algorithm’s 5-day prediction is one of the most bullish, suggesting…
Author: dfrancis36
[ad_1] The cryptocurrency market has been experiencing a significant downturn, with Bitcoin leading the way by retracing to the $65,000 mark after failing to retest its all-time high of $73,700 reached in March. Market expert Michael van de Poppe has shed light on the reasons behind this ongoing bloodbath, highlighting several key factors that have contributed to the current state of the market. Crypto Market Battles Uncertainties A key event highlighted by van de Poppe is last Wednesday’s release of the Consumer Price Index (CPI) data, which has a major impact on the Federal Reserve’s decision on interest rates. The…
[ad_1] As the US elections approach, crypto billionaires have reportedly amassed a staggering $160 million war chest to support candidates supporting favorable digital asset industry regulations. This influx of funds positions the industry as one of the most influential players in federal campaign finance, with the potential to sway the outcome of Senate races and even determine the majority party. Crypto Giants’ Fight For Regulatory Reform According to a Bloomberg report, the industry’s political action committee (PAC), Fairshake, along with affiliated groups, has witnessed a rapid surge in funding in recent weeks, thanks to major contributions from prominent players such…
[ad_1] According to the latest report by QCP Capital, options data reveals a plunge in trading volatility, particularly for Bitcoin, meaning cryptocurrency traders could be in for a tamer summer. The research firm, which is well known for spotting new market trends, points out that the data patterns in the charts suggest that we are likely to have a more shallow trading period for now. This comes as the market is still recovering from recent highs and lows, consigning traders in limbo trying to make sense of the next big play. Related Reading Ethereum Is In For An Active Summer…
[ad_1] Data shows that the largest of the Shiba Inu and Ethereum exchange wallets have seen recent withdrawals, a sign that could be bullish for their prices. Shiba Inu, Ethereum, & Chainlink Are Among Coins Seeing Exchange Outflows As explained by the on-chain analytics firm Santiment in a new post on X, the top 10 exchange wallets on the SHIB, ETH, and LINK networks have recently seen their supplies go down. The “top 10 exchange wallets” refer to the ten largest wallets currently attached to centralized exchanges. Naturally, such large wallets would belong to the largest investors in the market,…
[ad_1] Data shows that traders on social media have been calling to buy during the latest Bitcoin dip below $66,000, a sign that FOMO is active in the market. Bitcoin Investors Are Displaying FOMO After The Recent Decline As the analytics firm Santiment pointed out in a new post on X, the recent drawdown in the cryptocurrency has instigated the second-largest spike of buying interest in social media users in the past two months. The indicator of interest here is the “Social Volume,” which keeps track of the amount of discussion related to a topic or term in which users…
[ad_1] The cryptocurrency landscape has continually evolved, with new niches and innovative tokens emerging to cater to specific interests and communities. One such niche gaining traction is the PolitiFi token sector, which blends political engagement with the dynamic world of crypto. Among these tokens, MAGA VP ($MVP) stands out, capturing the interest of both political enthusiasts and crypto investors. Understanding PolitiFi Tokens PolitiFi tokens are designed to integrate political themes and movements into the cryptocurrency ecosystem, offering unique opportunities for engagement and investment. These tokens often align with specific political ideologies or figures, creating a community-driven platform that supports political…
[ad_1] Coinbase has launched support for the newly issued native token of a pirate-themed, role-playing game built on the blockchain. The top US crypto exchange’s customers can now trade PIRATE, a utility and staking token for the game Pirate Nation. The Ethereum (ETH)-based token first went live on Wednesday and is up nearly 90% in its first 24 hours. Coinbase added support for the asset under its “Experimental Label,” a designation the exchange established for riskier, lower liquidity tokens. The Cayman Islands-based exchange Gate.io and the Philippines-based exchange Coins.ph also rolled out trading services for PIRATE. Pirate Nation enables players…
[ad_1] Renowned trader Peter Brandt recently provided insights on the Bitcoin price potential market movements, projecting a challenging period followed by a significant rally. This analysis comes as Bitcoin’s current trading behavior exhibits signs that might concern short-term investors. Related Reading Bitcoin’s Precarious Path: Potential Drop and Subsequent Rally Brandt’s analysis indicates that if Bitcoin breaks the $65,000 threshold, it could trigger a further drop to around $60,000, potentially dipping as low as $48,000. So far, Bitcoin has struggled to sustain momentum above the $70,000 mark, showing a decline of 5.6% over the past week to a current value of…
[ad_1] President Joe Biden recently renominated Caroline Crenshaw for a second term as a U.S. Securities and Exchange Commissioner, stirring controversy in the cryptocurrency space. The SEC’s decision, amid wider talk surrounding digital currency regulatory matters, has received mixed feedback, further exemplifying the division among digital currency investors over how the SEC has dealt with digital assets. Many see this move as a worry to the community and that it might crush innovation and obstruct the U.S. potential in the global digital asset market. Crypto Community Reacts: Strong Opposition to The Renominantion Elon Musk’s X platform, the home to the…