Crypto analyst Ali Martinez suggests a contrarian strategy for Solana (SOL) despite its recent setbacks. Solana’s Consolidation and Network Issues Solana has been consolidating since reaching its yearly high, and recent network outages have dampened investor sentiment. However, Martinez believes this could present an opportunity for a rebound. Cardano’s Whale Activity Slowdown Martinez also notes…
Demand Soars to 2021 Highs Data from IntoTheBlock shows that the combined value of memecoins has skyrocketed to $56 billion in the first quarter of 2024. This represents a threefold increase since Q1 2023. Memecoin Winners Leading the charge are Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). DOGE saw a 100% gain, while SHIB…
A Bitcoin whale that had been inactive for a decade has suddenly come to life, transferring a massive amount of cryptocurrency. Dormant Whale Awakens The whale, whose address begins with “1CLx,” first purchased Bitcoin when it was trading at less than $30. After 10 years of inactivity, it has now transferred 246 BTC (approximately $16.73…
Rare Technical Pattern A crypto analyst has spotted a rare pattern in Bitcoin’s price movements that suggests a significant surge in the coming months. According to the analyst, when Bitcoin’s price closes above the upper Bollinger bands for two consecutive months, it has historically doubled within three months. This pattern has been observed in 2013,…
Bitcoin (BTC) has dipped below $70,000 after a brief surge above that mark. This suggests that bears are still in charge, and that could continue this week. Here’s what to keep an eye on: Pre-Halving Retrace Analysts believe the pre-halving retrace, a typical price drop before Bitcoin’s halving event, may be over. However, the cycle…
The Halving and Its Impact on Mining The Bitcoin halving is an event that occurs every four years, where the reward for mining a block is cut in half. This reduces the supply of new Bitcoins entering circulation, which can impact the value of the cryptocurrency. Mining Costs Post-Halving With the halving approaching, mining costs…
Bill Morgan, a lawyer and entrepreneur, has addressed the rumors that Ripple is dumping XRP to manipulate its price. No Evidence to Support Claims Morgan debunks these claims, stating that there is no evidence to suggest that Ripple is intentionally dumping XRP to suppress its price. McCaleb’s XRP Sales Jed McCaleb, a co-founder of Ripple,…
A popular crypto analyst, The Crypto Dog, is predicting a surge for the Ethereum competitor Near (NEAR). NEAR on the Rise The analyst believes NEAR is about to break out of a resistance level and rally to $9. He notes that NEAR has been struggling to break above this resistance but expects it to happen…
Coinbase Institutional, the research arm of the US crypto exchange, predicts that investors will eagerly buy Bitcoin (BTC) when it dips. Gold’s Success Coinbase highlights the success of gold as a safe haven asset amid economic and geopolitical concerns. Both inflation fears and anticipation of interest rate cuts by the Federal Reserve have contributed to…
A federal jury has ruled that Terraform Labs and its founder, Do Kwon, are responsible for defrauding investors in a crypto asset scheme. SEC Charges The U.S. Securities and Exchange Commission (SEC) filed charges against Kwon and his company in February 2022. The SEC alleged that they sold crypto asset securities and misled investors about…
