A cryptocurrency strategist who follows closely believes one hot altcoin project is on the verge of collapse. pseudonymous analyst Altcoin Sherpa told his 217,600 followers on social media platform X that dogwifhat (WIF) may not have found a market bottom yet. “WIF: Overall a good region and a rebound is expected. But I don’t think this is the overall bottom. “Overall, a strong retracement is expected and we expect it to move lower.” Source: Altcoin Sherpa/X Looking at his chart, the analyst suggests that WIF could bounce to around $2.50 and then fall to the Fibonacci retracement level of $1.26.…
Author: Crypto Flexs
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The TV debate between incumbent Joe Biden and Donald Trump will be broadcast live on June 27.The showdown will compare the policies proposed by the two candidates. In this scenario, analysts at cryptocurrency exchange Bitfinex believe that political memecoins or “Politifi” tokens inspired by Trump and Biden (e.g. Super Trump and Maga based on Ethereum, misspelled tokens based on Solana) arte boden boden -19.00060% and Doland Tremp Tremp -15.087% —Prices may fluctuate significantly during and after the discussion.“There could be significant movement in the ‘Politifi’ tokens depending on their performance during and after the debate as these tokens have turned…
According to Gala News, Gala Games will enhance the gaming experience for Champions Arena players by introducing discounted Scrolls of Minting and a special rewards window featuring Kate Nova. Mint Sell Scrolls From June 20th at 7PM PT until July 17th at 7PM PT, players can purchase Scrolls of Minting for $39.99. These scrolls, which allow players to create NFTs of champions, were previously only available as pre-packaged store bundles for mobile users. This sale makes these scrolls available at a discounted price to players on the Gala Games platform. Kate Nova Rewards In addition…
Degen’s value rose 40% between June 18 and 19. Profit-taking intensified, pushing the token price back to all-time lows. The native memecoin, Degen (DEGEN), has seen a significant drop in price over the past few days. This fall follows a 40% surge in value between June 18 and 19. On June 18, the DEGEN cryptocurrency price plummeted to an all-time low of $0.0074, according to data from CoinMarketCap. However, due to the resurgence of the general meme market on this day, DEGEN attracted the attention of many traders. assembly Social activity collected on-chain surged to an all-time high that day.…
Company • June 21, 2024 6:25 AM EDT Posted 1 minute ago In ~ Updated: June 21, 2024, 6:30 AM EDT Standard Chartered will soon begin operating its own spot cryptocurrency trading desk for Bitcoin and Ethereum, according to a report.On Friday, Bloomberg reported that the British multinational bank plans to enter the spot cryptocurrency trading market as part of its FX division, according to people familiar with the matter. According to reports, this cryptocurrency trading desk will operate from London.“We are working with regulators to support the Bitcoin and Ethereum trading needs of our institutional clients, in line with…
BitMEX, a leading cryptocurrency derivatives exchange, announced the listing of two new perpetual swaps: ZROUSDT and TREMPUSDT. According to the BitMEX blog, these new listings will allow traders to leverage up to 10x their positions. New listing details Both ZROUSDT and TREMPUSDT perpetual swaps are Tether (USDT) margin contracts. Trading for these contracts began at 04:00 UTC on June 21, 2024. This move expands BitMEX’s services, giving traders more options to hedge their positions or speculate on market trends. transaction specifications Both ZROUSDT and TREMPUSDT contracts offer up to 10x leverage, allowing traders to significantly…
LayerZero (ZRO), a newly launched token from cross-chain interoperability protocol LayerZero, has fallen 17% since launch amid controversy over donation criteria for token claims. Some have compared it to a ‘tax’. Some disagree with these criticisms and believe this mechanism could be a good step toward solving the problems that have plagued recent token airdrops. At launch on June 20, ZRO rose 15.15% to $4.71 in just 20 minutes before falling 22% in two hours. This is a common pattern seen in token airdrops, when claimants discard their newly acquired tokens. In this case, the launch of ZRO caused its…
June 19th What is USDT? First look aUSDT is a new “tethered” digital asset that combines the stability of gold and the functionality of Web3-based digital assets. This introduces the concept of a “Tethered Asset” based on Tether Gold (XAUt), which represents ownership of physical gold stored in Switzerland. The aUSDT token is designed to track the value of the U.S. dollar through overcollateralization and secondary market liquidity pools that provide stability and mitigate market volatility. Users can mint USDT by depositing XAUt into an Ethereum-compatible smart contract. These smart contracts automate and secure the collateral management process, providing a…
Share this article The price of Bitcoin plunged close to $64,000 last Friday, hitting a low of $64,300, according to TradingView data. The decline comes amid massive withdrawals totaling $139.88 million from U.S. spot Bitcoin ETFs on Thursday.Grayscale Bitcoin Trust (GBTC) recorded $53 million in daily net outflows, while Fidelity Wise Origin Bitcoin Fund (FBTC) recorded $51 million in daily net outflows, according to data from SoSoValue.The Bitwise Bitcoin ETF recorded outflows of $32 million, while the VanEck Bitcoin Trust and Invesco Galaxy Bitcoin ETFs recorded outflows of $4 million and $2 million, respectively.In contrast, BlackRock’s iShares Bitcoin Trust enjoyed…
Ethereum is under pressure at press time, down about 15% since March 2024. On-chain data points to an optimistic picture, with sellers applying pressure and reversing all gains posted since May 20. Ethereum HODLers collect 298,000 ETH in 24 hours. Let’s look at one analyst, X. note Demand for ETH, especially from perpetual holders, has surged. In most cases, these permanent holders are institutions that are better funded and willing to hold out. Unlike retailers, these companies can choose to hold for the long term and are often unperturbed by market volatility. Inflow of Ethereum permanent holders | Source: @@jjcmoreno…