Current Situation Shiba Inu (SHIB) is currently stuck in a triangle pattern, and a breakout could lead to a significant surge. However, there’s a major obstacle in the way: a sell wall at around $0.000027. Sell Wall Resistance This sell wall consists of 149,120 addresses holding 109 trillion SHIB tokens. If the price of SHIB…
Coinbase, a leading crypto exchange, has shaken up the blockchain analytics scene with the introduction of the H-Index. This new metric aims to address the issue of distorted adoption metrics caused by fake accounts and airdrops. Distorted Metrics: The Problem Traditionally, metrics like daily transactions have been used to measure blockchain adoption. However, these metrics…
VeChain (VET), known for its supply chain solutions, has seen a significant price drop. It has broken below the $0.032 support level, indicating a persistent downtrend. Factors Contributing to the Price Decline General market conditions Challenges within the VeChain ecosystem Current Price and Market Data Price: $0.03266 Market capitalization: $2.3 billion Trading volume: $88 million…
BlackRock’s Dominance in Bitcoin ETFs BlackRock’s iShares Bitcoin Trust (IBIT) has now surpassed Grayscale’s Bitcoin Trust ETF (GBTC) in total Assets Under Management (AUM) for Spot Bitcoin Exchange Traded Funds (ETFs). This milestone reflects BlackRock’s growing influence in the ETF sector and its faith in crypto investments. IBIT’s Massive Inflows Since its launch in January,…
Ethereum (ETH), the second-largest cryptocurrency, has recently dropped below its 4-hour Simple Moving Average (SMA). This technical indicator is used to gauge short-term market momentum. When a cryptocurrency’s price falls below this average, it can signal a potential shift towards a bearish market. Technical Indicators 4-Hour Chart: ETH’s price has fallen below the 100-day SMA,…
Customers Left Vulnerable A Senate committee has revealed that JPMorgan Chase, Bank of America, and Wells Fargo have failed to protect their customers from fraud and scams on the Zelle payment network. In 2022, customers lost a staggering $456 million to these scams. Zelle’s False Promise Senator Richard Blumenthal, the committee’s chairman, criticized Zelle for…
BNB’s All-Time High Potential Crypto analyst Kaleo believes BNB, a top-10 cryptocurrency, is mirroring a price pattern that led to record highs in 2021. He advises investors to consider buying at dips, particularly below $650. Ethereum’s Breakout Kaleo predicts Ethereum will break a trendline against Bitcoin, which could trigger a surge in Ethereum-based projects. He…
According to crypto analyst Rekt Capital, Bitcoin (BTC) could be on the verge of a massive rally based on historical patterns. Parabolic Phase on the Horizon Rekt Capital believes Bitcoin may soon enter the “parabolic phase” of the market cycle, which has historically led to significant gains. He notes that this phase could come sooner…
Cryptocurrency analyst Michaël van de Poppe believes that Sei (SEI), a Solana rival, is preparing for a surge in value. Sei’s Bullish Momentum According to Van de Poppe, Sei has experienced a significant decline against Bitcoin (SEI/BTC) since January, losing approximately 70% of its value. However, he believes that the token is approaching a support…
Whale Activity Surges Despite a recent price drop, Dogecoin has seen a surge in whale activity. These are big investors who make transactions worth over $1 million. Over 150 such transactions have been recorded in the past day, the highest since April. Whales’ Intentions Unclear It’s not clear if these whales are buying or selling…
