Optimism’s token (OP) has been on a downward spiral since hitting a record high of $4.87. Technical Indicators Signal Continued Downtrend OP is trading below its 100-day moving average and a key trend line. The MACD indicator shows strong downward momentum. The Bull Power vs. Bear Power indicator indicates that sellers are dominating the market….
Meme coins like Dogecoin, PEPE, and WIF are on the rise, with demand reaching 2021 levels. Market Cap and Growth The combined market cap of meme coins has skyrocketed to over $56 billion, almost tripling its value this year. Dogecoin, PEPE, and Shiba Inu have led the charge, with Dogecoin doubling in price and PEPE…
Faryar Shirzad, chief policy officer at Coinbase, has criticized the United States for its slow progress in regulating cryptocurrencies. Major Economies Embrace Crypto Regulation According to Shirzad, most members of the Group of Twenty (G20) are moving towards clear regulatory frameworks for crypto. These countries include the EU, UK, Hong Kong, Australia, Singapore, Brazil, and…
Crypto analyst Jamie Coutts believes a key indicator may soon predict a massive Bitcoin rally. Dollar Index and Bitcoin Coutts says the dollar index (DXY), which measures the strength of the US dollar, is inversely correlated with risk assets like Bitcoin. He notes that every summer rally in Bitcoin has been preceded by a weakening…
Bluntz’s Bearish Outlook A popular trader known as Bluntz is expressing concerns about a memecoin called dogwifhat (WIF). Bluntz believes that WIF may be due for a correction after a meteoric rise of over 69,000% in less than four months. Using the Elliott Wave theory, Bluntz suggests that WIF has completed a five-wave rally and…
A crypto analyst predicts a parabolic rally for Bitcoin (BTC) once it completes its final pre-halving phases. Reaccumulation and Retracement The analyst, known as Rekt Capital, believes BTC is in the final stages of a reaccumulation phase, where investors buy up the asset before a price surge. This will be followed by a pre-halving retracement,…
Listing on Nexo On March 5th, Nexo, a popular crypto platform, announced that it has listed Shiba Inu’s token, SHIB. This means that users can now buy, sell, and swap SHIB on Nexo. User-Friendly Features Nexo offers a range of features to make trading SHIB easy: Buy SHIB with bank cards for instant transactions. Swap…
Uniswap, the leading decentralized exchange (DEX), has reached a major milestone by surpassing $2 trillion in all-time trading volume. This achievement showcases the platform’s dominance in the crypto trading sphere. Exponential Growth It took Uniswap 42 months to reach its first trillion in trading volume in 2022. However, its growth since then has been remarkable,…
Authorities Seek Help from On-Chain Sleuth ZachXBT, a well-known blockchain investigator, claims he’s been harassed by agents from the IRS Criminal Investigation unit. He alleges that they’ve shown up at his old addresses, contacted him through personal emails, and sent mail despite his public contact information being available. IRS-CI Praises ZachXBT’s Work In one email…
SEC Victory A US jury has ruled that Terraform Labs and its founder, Do Kwon, are liable for civil fraud in the collapse of the Terra ecosystem. The SEC filed a lawsuit against the company and Kwon in February 2023, alleging a multi-billion dollar crypto scam. The jury found that Kwon and Terraform Labs: Falsely…
