Losses Decline in May 2024 Despite the ongoing crypto bull run, the industry has faced increased losses from hacks and rug pulls. However, the first five months of 2024 saw a 20% decrease in losses compared to the same period in 2023. In May 2024 alone, losses reached $52 million, a 12% decrease from May…
Bearish Indicators Point to a Crash In May, crypto analyst Xanrox predicted a decline in Bitcoin’s price, which has since come to pass. Xanrox identified several bearish indicators: FVGAP at $62,000: A gap in the price chart that often signals a retracement. Elliott Wave Perspective: The completion of Wave 1 and the expected correction in…
Babylon, a crypto startup led by Stanford professor David Tse, has raised $70 million to bridge the gap between Bitcoin (BTC) and Ethereum (ETH). Bitcoin as a Staking Asset Babylon aims to enable Bitcoin holders to earn rewards by using their BTC to validate transactions on other blockchains. This process, known as staking, allows users…
Major Operation On Thursday, Turkey’s Minister of Interior announced a major operation against a crypto scamming platform in Ankara. The operation, codenamed “CYBERGÖZ-42,” targeted the Smart Trade Coin (STC) platform. Ponzi Scheme Exposed The investigation revealed that STC was a Ponzi scheme that promised investors high profits with no risk. The platform claimed to use…
Ethereum is hovering around $3,700, but analysts are bullish, citing signs of accumulation by large investors. Whale Accumulation Data shows a surge in the number of Ethereum addresses holding over 10,000 ETH. This suggests that investors are buying up ETH, expecting further price increases. Technical Analysis Ethereum remains in a bullish breakout formation, with support…
Recent Bull Run Comes to an End PEPE has had a rough few days, with a 15% drop that has pushed it out of the top 20 cryptocurrencies by market cap. PEPE’s Price Plummets After a strong May, PEPE has taken a hit in the last week. From a high of $0.0000170 on Monday, it…
Interest in Crypto Soars A recent survey by Grayscale reveals a surge in interest in Bitcoin (BTC) and cryptocurrency among US voters. Geopolitical and Economic Factors Driving Interest Geopolitical tensions, inflation, and concerns about the US dollar have prompted 41% of voters to pay more attention to Bitcoin in the past six months. Inflation remains…
Chainlink co-founder Sergey Nazarov believes the crypto industry is still in its early stages and poised for significant growth. He predicts the total market cap could quadruple to over $10 trillion. Traditional Finance to Drive Growth Nazarov believes the traditional finance industry is key to unlocking the crypto market’s full potential. He says that once…
Real Vision analyst Jamie Coutts predicts a potential altcoin season, where altcoins outperform Bitcoin (BTC). Altcoin Season Index Coutts believes the Altcoin Season Index, which measures the profitability of altcoins relative to BTC, could soon signal a bullish trend for altcoins. Smart Contract Platforms A key indicator of an alt season is the rise of…
FLOKI Poised for Growth Bluntz, a renowned analyst who accurately predicted the 2018 Bitcoin bottom, believes FLOKI (FLOKI) is on the verge of a significant price increase. He notes that the cryptocurrency has formed a bullish “stair-step” pattern on its daily chart, indicating a potential surge. Escape Velocity in Sight According to Bluntz, FLOKI is…
