Author: finance
As we delve into the world of cryptocurrency, a crucial development is the current situation of Shiba Inu’s rate. This meme-based digital currency has recently witnessed a price drop to $0,000021. However, technical indicators like the Bollinger Bands and the 200 Exponential Moving Average (EMA) suggest a possible rally. Simultaneously, on-chain data indicates an increased activity from large-scale investors (“whales”). With the trading volume having jumped by 80%, the interest in SHIB is palpable. Now the question arises – can this memecoin touch the magical threshold of 1 Euro? Shiba Inu’s Current Scenario Having experienced a price drop, the Shiba…
Starting off with a glimpse into the world of cryptocurrency, Bitcoin, the foremost digital currency, has lately experienced significant fluctuations. The price has sharply descended towards the $91,500 level. In the wake of these recent dramatic price drops, the optimistic outlook shared by investors and traders seems to be dwindling as Bitcoin grapples with substantial capital drain. Exploring the Implications of Bitcoin’s Substantial Capital Exodus In the face of adversity, Bitcoin’s value has shown flags. Data from prominent investment and blockchain analytics platform, Alphractal, reveals a major exodus of capital from the asset. An increase in capital outflow is a…
Embarking on a virtual treasure hunt, a savvy investor has reportedly made millions with Pepe Coin (PEPE), a coin that has taken the cryptocurrency market by storm amidst a Bitcoin crash. This narrative seems to be repeating itself and sparks curiosity about the investor’s secret to success and whether PEPE is a viable purchase. Is It Worth Investing in Pepe Coin? Pepe Coin (PEPE), named after a famous internet meme, has quickly risen through the ranks, challenging leading meme-coin competitors such as Dogecoin (DOGE) and Shiba Inu Coin (SHIB). PEPE managed to capture a remarkable market capitalization of $7.5 billion,…
The realm of cryptocurrency can often resemble a rollercoaster ride, with its frequently fluctuating values and high-risk nature. However, it is these very attributes that make it a lucrative option for investors who have a keen eye for capitalizing on sharp price swings. An apt example of this would be cryptocurrency $WIF that, even with its impressive market cap of $1.59B, has seen its value plunge by 21.58% in the past week. While there is a myriad of meme coins akin to $WIF that thrive on speculative trading, cryptocurrencies with genuine applications are increasingly garnering unprecedented interest. Regardless of whether…
In the buzzing world of cryptocurrencies, Dogecoin (DOGE) has earned a special place as the first meme-inspired digital currency, with experts predicting a potential breakout soon. Regardless of the current crypto market challenges, experts suggest that DOGE could possibly reach a milestone of $2 by 2025, subsequently promising even more substantial gains in the coming years. A Bullish Outlook: Reviewing Past Cycles An interesting examination by leading crypto analyst Trader Tardigrade shows Dogecoin seemingly repeating its historical price cycles within a clearly defined upward parallel channel. This recurring pattern, noticed across various market cycles, hints at Dogecoin getting ready for…
Dwindling down to the eve of the US presidency, there are interesting rumors circulating in the cryptosphere. The US Senate Banking Committee (SBC), under the eager helm of Donald Trump’s administration, is reportedly planning to establish a cryptocurrency-focused subcommittee. According to FOX Business, the driving force behind this initiative is the newly-appointed chair of the SBC, Republican Senator Tim Scott, who considers this a high-priority undertaking. He is even considering Senator Cynthia Lummis, a well-known advocate of Trump’s Bitcoin strategic reserve initiative, to spearhead the subcommittee. Awaiting the Official Announcement of Chairperson With only ten days left for the inauguration…
Striding into the futuristic realm of digital currency, the once-outspoken critic of cryptocurrencies, the former and future head of state Donald Trump, is now making headlines for his increasing involvement in the crypto sphere. What makes this peculiarity noteworthy is the burgeoning crypto portfolio of the Republican President-Elect, whose value, as reported on January 10, holds a stunning estimate of $11.42 million. Furthermore, his portfolio doesn’t comprise the usual popular digital assets but instead boasts some unique tokens, adding a tinge of mystery to this intriguing tale. Unveiling the Crypto Holdings of Donald Trump Contrary to the expected lineup of…
In the increasingly volatile world of cryptocurrency, the United States has emerged as a significant player. Recent on-chain data shows that American platforms have experienced a surge in Bitcoin reserve dominance, reaching a new unprecedented peak. This growth indicates a shifting dynamic within the cryptocurrency market, offering intriguing implications for future trends and highlighting the growing influence of the US in this sphere. A Surge in US Bitcoin Reserve Dominance This recent development was brought to light by Ki Young Ju, the founder and CEO of CryptoQuant, in an insightful post. He pointed out the rising Bitcoin dominance among platforms…
The cryptocurrency exchange, OKX, has issued a warning concerning a counterfeit browser extension for OKX wallet that recently appeared in the Firefox plugin store. Let’s delve deeper into this development and understand the implications it carries for cryptocurrency users. Alert about Fraudulent OKX Wallet Extension OKX has confirmed via an announcement on its platform that no browser extensions have been released by them for Firefox. As a response to this fraudulent extension, the firm has lodged a complaint with the administrators of Firefox, demanding its immediate removal. In situations where users have already installed this harmful plugin, the advice given…
As we embark on a new year, it’s an opportune time to ponder the future and make forecasts. In an era where the world of cryptocurrencies finds itself at a critical juncture, rapidly evolving technologies, regulatory shifts, and a growing interest from institutional investors are under the spotlight. With the market continuously evolving, it’s natural to wonder how the primary digital assets will develop this year. Understanding emerging trends and potential opportunities that could shape the course of these assets is crucial for anyone intending to successfully navigate the world of cryptocurrencies. On this note, we have sought predictions from…