Altcoin Outlook: Real-World Assets and Bitcoin’s Path

Real-World Asset Altcoins Altcoin Sherpa, a renowned crypto analyst, predicts that altcoins tied to real-world assets (RWAs) remain promising. Mantra (OM), an Ethereum-based token focused on RWA tokenization, is expected to dip before resuming growth. Fibonacci retracement levels suggest support at $0.60 or $0.50. Bitcoin’s Technical Analysis Sherpa observes that Bitcoin’s 200-day exponential moving average…

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Bitcoin Stuck Below $66,000: ETF Outflows in Focus

ETF Outflows: A Concern? The crypto market was surprised by significant outflows from Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) on Tuesday. This marked the first time a “Newborn Nine” ETF had surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC). Analysts are debating whether these outflows are a bearish signal for Bitcoin’s price or…

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Google Fights Crypto Scammers in Court

Google is taking legal action against a group of people accused of running a massive crypto scam. The Scam Since at least 2019, the scammers have allegedly created over 87 fake apps on Google Play. These apps pretended to be real investment and crypto trading platforms. The scammers used tactics like fake text messages, YouTube…

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OneCoin Scammer Sentenced to Prison

Irina Dilkinska, the former head of Legal and Compliance for OneCoin, has been sentenced to four years in prison for her role in the multi-billion dollar pyramid scheme. OneCoin: A Fraudulent Scheme Launched in 2014, OneCoin promised investors a revolutionary cryptocurrency. However, authorities allege that the project was a fraudulent scheme from the start, designed…

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Why Shiba Inu Is Dropping Today

Shiba Inu’s price has taken a hit, falling below its support level. Here’s why: Bitcoin’s Influence The decline is partly due to Bitcoin’s price crash, triggered by outflows from Bitcoin ETFs. This has had a ripple effect on the altcoin market, including Shiba Inu. Over 14% Drop in a Week In the past week, Shiba…

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K9 Finance’s Roadmap for a DeFi Revolution on Shibarium

Three-Phase Roadmap K9 Finance has outlined a comprehensive roadmap to enhance the DeFi landscape on Shibarium. Inspired by the evolution of canines, the roadmap progresses from resilience to strength and innovation. Phase 1: Hesper (Q2) Foundation testing and learning Focus on adaptability and foundational development Phase 2: Boro (Q3) Mainnet launch Showcases project robustness and…

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Bitcoin Halving 2024: What History Tells Us

Bitcoin’s Halving History Bitcoin halvings occur every four years, reducing the reward miners receive for creating new blocks. These events have historically been pivotal moments for the cryptocurrency. Previous Halvings 2012: Bitcoin’s price surged from $11 to $1,110. 2016: Price rose from $650 to $19,500. 2020: Price climbed from $8,900 to $64,000. What to Expect…

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Gaming Altcoin and AI Project Poised for Success

A prominent crypto trader, known as Altcoin Sherpa, is optimistic about the blockchain gaming platform Gala (GALA). According to the analyst, GALA has potential support levels at $0.053 and $0.046, which could lead to a bounce. Bittensor: AI Leader with Long-Term Potential Altcoin Sherpa also believes in the long-term prospects of Bittensor (TAO), a decentralized…

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