Crypto analysts are bullish on the future of ENA, an Ethereum-based decentralized finance (DeFi) token. ENA: Patience Pays Off Pseudonymous trader The Flow Horse believes ENA is poised for a significant rally. He notes that the token’s governance token has been undergoing a pullback, similar to other new altcoins. However, he sees a “reliable diagonal…
Rally’s Foundation Dogecoin has embarked on a bullish rally that’s expected to drive its price higher. This rally is supported by: Strong support above $0.1, preventing price crashes A prolonged correction period Rally’s Timeline The rally began in October 2023 when Dogecoin broke above $0.06. It has since experienced both uptrends and downtrends, leading to…
Declining Exchange Inflows Data shows that Bitcoin exchange inflows, the amount of Bitcoin deposited into centralized exchange wallets, have been at their lowest in almost a decade. This suggests that investors are less inclined to sell their coins. Supply-Demand Dynamics When exchange inflows are low, it means that the supply of Bitcoin available for sale…
Digital Bond Revolution KfW, a German state-owned bank, is set to release its first blockchain-based digital bond. This move marks a major step towards embracing crypto technology in finance. Streamlined Process KfW believes that blockchain can improve efficiency and scalability in bond issuance. They’ll hold discussions with investors to explain the new offering. Anchor Investor…
Introduction Charles Hoskinson, the founder of Cardano, has hinted at a possible partnership with Bitcoin Cash. This move could have significant implications for both networks. Benefits for Bitcoin Cash Hoskinson believes that a partnership would upgrade Bitcoin Cash with: Faster transaction processing More efficient smart contract functionality Enhanced scalability Synergies Between Chains Ben Scherrey, founder…
Token Distribution Sui Network has responded to concerns about the distribution of its SUI tokens. The network states that locked SUI tokens are held by third-party custodians and cannot be moved until they are unlocked according to the project’s token emission schedule. Mysten Labs, the developer behind Sui, is not involved in the Sui Foundation’s…
Crypto analyst Rekt Capital predicts a bullish future for altcoins, with Dogecoin (DOGE) leading the charge. Altcoin Market Outlook The analyst’s “OTHERS” chart, which tracks all cryptocurrencies excluding the top 10, suggests a potential bounce off the $250 billion support level. The next target is $315 billion, with a potential rally to $425 billion. Dogecoin…
Weakening Dollar Economist Henrik Zeberg believes that a weaker dollar could be a major catalyst for cryptocurrencies. He argues that lower bond yields and a declining dollar index will create a favorable environment for risky assets like crypto. JasmyCoin’s Potential Zeberg specifically mentions JasmyCoin (JASMY) as a potential beneficiary of this trend. He believes the…
Crypto analyst DonAlt, who predicted the Bitcoin bottom in 2022, believes Bitcoin is poised for a rally. False Breakdown Catalyst Despite Bitcoin’s recent dip below $60,000, DonAlt sees it as a bullish sign. He believes the false downside move could trigger a surge in BTC’s price. Digesting the Rally DonAlt notes that Bitcoin has rallied…
The XRP Ledger (XRPL) is getting a major makeover. These upgrades will make it more powerful and useful. Key Upgrades: Digital Identity (DID): Gives users control over their digital identities on the XRPL. Makes it easier for businesses to verify customers and meet regulatory requirements. XChainBridge: Lets XRPL connect with other blockchains like Ethereum. Makes…
