A prominent crypto analyst has issued a bearish warning for a popular memecoin, dogwifhat (WIF), which has soared in value over the past few months. Elliott Wave Theory Analysis According to the analyst, known as Bluntz, WIF is likely in the final stages of a corrective three-wave pattern. This suggests that the coin could drop…
Whale Accumulation Slowing Down Bitcoin whales, those with over 1,000 BTC, have been buying during dips this year. However, recent data shows that their accumulation is slowing down. This decline could worry investors as Bitcoin struggles to stay above $60,000. Whales Buying Less in Each Dip The biggest whale accumulation happened in March, with over…
Historical Trends Crypto expert Rekt Capital has predicted a timeline for Bitcoin’s peak in this bull cycle based on historical price patterns. Current Price Action Bitcoin’s recent drop below $61,000 suggests a potential downward trend. However, Rekt Capital believes this consolidation between $60,000 and $70,000 will slow down the cycle and align it with past…
LocalMonero’s Demise LocalMonero, a popular peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has announced its closure. The platform cited “internal and external factors” for the decision, which has sent shockwaves through the Monero community. Regulatory Pressure The closure comes amid increased scrutiny of the cryptocurrency industry by US authorities. Regulators have been cracking down…
Last-Minute Integration of CIP-69 Cardano founder Charles Hoskinson has confirmed the inclusion of Cardano Improvement Proposal (CIP) 69 in the upcoming Chang hard fork. This decision was made after considering community feedback and the demands of the Cardano Foundation. Hoskinson emphasized that the late inclusion should not cause significant delays, but acknowledged the potential risks…
Why Users Are Ditching Bitcoin for Litecoin Litecoin has emerged as the top choice for cryptocurrency payments on the popular platform Bitpay. Litecoin Dominates Crypto Payments According to Bitpay, Litecoin has become the most used cryptocurrency for payments, surpassing Bitcoin. Litecoin accounts for 41.38% of payments, while Bitcoin lags behind at 21.55%. Faster and Cheaper…
Foundation’s ETH Transfers The Ethereum Foundation has transferred 5,000 ETH to a multisign address since the start of 2024. The latest transfer of 1,000 ETH has raised concerns among market watchers. Market Speculation With Ethereum struggling to break above $3,200, the foundation’s actions have fueled speculation about a potential price drop. Some analysts predict a…
UX Challenges in Web 3.0 and GameFi The user experience (UX) in Web 3.0 and GameFi has been a major barrier to adoption. Setting up wallets, paying gas fees, and managing private keys can be daunting for average users. Account Abstraction: A UX Revolution Account abstraction decouples wallets from private keys, allowing users to use…
Former President Donald Trump has expressed support for Bitcoin and other cryptocurrencies, claiming that President Biden does not understand the industry. Regulatory Hostility Trump criticized the Biden administration for its hostility towards crypto, which he believes is driving companies out of the United States. He pledged to reverse this trend if elected again. Biden’s Ignorance…
Blockchain Analytics According to Santiment, an Ethereum-based altcoin, Chainlink (LINK), is dominating the real-world assets (RWA) sector in terms of development activity. Chainlink’s daily activity on GitHub surpasses that of its closest competitor, Synthetix (SNX), by over two times. Top RWA Projects by Development Santiment’s ranking of RWA projects based on development activity is as…
