Optimism’s token (OP) has been on a downward spiral since hitting a record high of $4.87. Technical Indicators Signal Continued Downtrend OP is trading below its 100-day moving average and a key trend line. The MACD indicator shows strong downward momentum. The Bull Power vs. Bear Power indicator indicates that sellers are dominating the market….
Meme coins like Dogecoin, PEPE, and WIF are on the rise, with demand reaching 2021 levels. Market Cap and Growth The combined market cap of meme coins has skyrocketed to over $56 billion, almost tripling its value this year. Dogecoin, PEPE, and Shiba Inu have led the charge, with Dogecoin doubling in price and PEPE…
Faryar Shirzad, chief policy officer at Coinbase, has criticized the United States for its slow progress in regulating cryptocurrencies. Major Economies Embrace Crypto Regulation According to Shirzad, most members of the Group of Twenty (G20) are moving towards clear regulatory frameworks for crypto. These countries include the EU, UK, Hong Kong, Australia, Singapore, Brazil, and…
Crypto analyst Jamie Coutts believes a key indicator may soon predict a massive Bitcoin rally. Dollar Index and Bitcoin Coutts says the dollar index (DXY), which measures the strength of the US dollar, is inversely correlated with risk assets like Bitcoin. He notes that every summer rally in Bitcoin has been preceded by a weakening…
Bluntz’s Bearish Outlook A popular trader known as Bluntz is expressing concerns about a memecoin called dogwifhat (WIF). Bluntz believes that WIF may be due for a correction after a meteoric rise of over 69,000% in less than four months. Using the Elliott Wave theory, Bluntz suggests that WIF has completed a five-wave rally and…
A crypto analyst predicts a parabolic rally for Bitcoin (BTC) once it completes its final pre-halving phases. Reaccumulation and Retracement The analyst, known as Rekt Capital, believes BTC is in the final stages of a reaccumulation phase, where investors buy up the asset before a price surge. This will be followed by a pre-halving retracement,…
ETF Inflows Signal Long-Term Investor Interest Bitcoin’s recent dip raised concerns, but ETF inflows have remained strong. Three consecutive days of net inflows into Bitcoin ETFs show that investors are still eager to invest in crypto. BlackRock’s ETF Leads the Charge BlackRock’s iShares Bitcoin Trust (IBIT) has seen the highest net inflow, over $144 million…
Bitcoin started 2024 strong, reaching an all-time high of $73,750 in the first quarter. While the price has since declined, major Bitcoin holders (whales) have been steadily accumulating throughout the first three months of the year. Whales Acquire Billions of Dollars in Bitcoin According to blockchain analytics firm Santiment, whales holding between 100 and 100,000…
Listing on Nexo On March 5th, Nexo, a popular crypto platform, announced that it has listed Shiba Inu’s token, SHIB. This means that users can now buy, sell, and swap SHIB on Nexo. User-Friendly Features Nexo offers a range of features to make trading SHIB easy: Buy SHIB with bank cards for instant transactions. Swap…
Uniswap, the leading decentralized exchange (DEX), has reached a major milestone by surpassing $2 trillion in all-time trading volume. This achievement showcases the platform’s dominance in the crypto trading sphere. Exponential Growth It took Uniswap 42 months to reach its first trillion in trading volume in 2022. However, its growth since then has been remarkable,…
