A popular crypto analyst, Altcoin Sherpa, is bullish on an AI-related memecoin, Act I: The AI Prophecy (ACT), which has seen a massive price increase. ACT’s Impressive Run ACT has skyrocketed over 4,800% since November 5th, currently trading at $0.64. Sherpa highlights its strong performance on the four-hour chart, noting it’s successfully held the .382…
A popular crypto analyst, Credible Crypto, is warning about potential Ethereum (ETH) price drops. Despite ETH’s recent strength, the analyst sees trouble ahead. Ethereum vs. Bitcoin: A Potential 20% Drop Credible Crypto, who boasts a large following on X (formerly Twitter), predicts a significant downturn for ETH when compared to Bitcoin (BTC). Their analysis suggests…
Ethereum’s price has been climbing, but a closer look at on-chain data reveals a potentially bullish underlying trend. The Ethereum Exchange Supply Ratio is hinting at a strong market. What’s the Exchange Supply Ratio? The Exchange Supply Ratio is a key metric that tracks the percentage of all Ethereum (ETH) held on centralized exchanges. A…
Taiwan is speeding up its new rules for cryptocurrency businesses. These rules are all about preventing money laundering (AML). Stricter Rules, Sooner Than Expected Instead of starting in January 2025, the new AML rules for Virtual Asset Service Providers (VASPs) – basically, crypto companies – kick in on November 30th, 2024. That’s almost a month…
Russia’s taking a big step towards regulating crypto. President Putin just signed a new law that treats Bitcoin and other digital currencies as property. This means they’ll be taxed, but there are some interesting details. How Will Crypto Be Taxed? The new law lays out a system for taxing Bitcoin mining and trading. Here’s the…
Shiba Inu is getting festive this year with a huge Christmas giveaway! The Shiba Inu team has announced a special holiday event, promising big rewards for its community. The Big Giveaway Lucie, Shiba Inu’s marketing lead, broke the news on X (formerly Twitter). She excitedly revealed that the team has approved a budget for an…
Major US banks are seeing a huge jump in risky loans, according to a recent report. This means loans that are showing signs of trouble and might not be repaid. The Numbers Are Up The total amount of these “criticized” loans at three of the biggest banks – JPMorgan Chase, Wells Fargo, and Bank of…
A popular crypto analyst, Altcoin Sherpa, has shared some positive predictions for several cryptocurrencies, particularly those seen as competitors to Solana. Sei (SEI) Looks Promising Sherpa is bullish on Sei (SEI), noting its breakout from a rounding bottom pattern on the weekly chart. He sees this as a strong indicator of an upcoming uptrend. While…
Two popular cryptocurrencies, Solana (SOL) and Pepe (PEPE), saw a price boost after being added to Bitstamp, a major US cryptocurrency exchange. Bitstamp Adds Solana and Pepe Bitstamp announced the listing of both SOL and PEPE on its US platform. The exchange described Solana as a fast and scalable blockchain and Pepe as a meme…
Glassnode’s co-founders, Jan Happel and Yann Allemann, believe Bitcoin (BTC) might have hit its lowest point. Their analysis suggests the recent correction could be over. Bitcoin’s Bottom? Their reasoning centers around long-term holders (LTHs), those who’ve held BTC for at least 155 days. They noticed that LTH selling wasn’t as intense this time around compared…
