A closely watched cryptocurrency analyst believes a Dogecoin (DOGE) competitor is gearing up for bigger gains. Pseudonymous trader Kaleo tells his 641,600 followers on social media platform The analyst said Floki could go in many directions after forming a cup and handle pattern, which is a bullish technical indicator. “There’s no need for fancy charts here. Zoom out and look at FLOKI. We’re re-testing all-time highs in 2021. High Time Frame Clean cups and handles. BNB is on the verge of price discovery. Memecoin Super Cycle. This easily sends an additional $10 billion or more to the next phase.” Source:…
Author: Crypto Flexs
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The world of cryptocurrency is very dynamic and can bring numerous opportunities and threats to investors. It’s important to understand the major digital currencies to consider when investing in the future of 2024. In this article, we take a look at the important developments currently taking place within the cryptocurrency space and evaluate the opportunities and future prospects associated with mainstream digital assets such as Bitcoin or Ethereum and other major competitors such as Cardano or Polygon. This manual is aimed at important information about cryptocurrency for experienced traders as well as beginners working in the field. Key cryptocurrency trends…
Mergers between two companies are rare in the cryptocurrency industry. But it’s even rarer for three companies to come together as planned: Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). Whether this will be a spectacular sight or a disastrous one is yet to be determined. The Artificial Superintelligence Alliance (ASI) is closer to becoming a reality. Earlier this week, SingularityNET announced that it would merge with Fetch.ai and Ocean Protocol to form the Artificial Superintelligence Alliance (ASI). With this merger, three networks will be integrated into one artificial intelligence (AI) network. Currently, the combined value of these three tokens…
According to the official announcement, OKX will upgrade its VIP lending feature for traders with VIP level 5 and above. This update will be applied from 12:00 AM (UTC) on June 6, 2024, and will initially support major cryptocurrencies such as USDT and USDC. BTCAnd ETH. Enhanced VIP Loan Overview Enhanced VIP Lending operates on a market model where lending orders (Taker orders) are matched with lending orders (Maker orders). The lender places an order in the Simple Earn order book, specifying the amount and interest rate. The borrower places an order and selects the…
join us telegram A channel to stay up to date on breaking news coverage As major altcoins show a downward trend, the expected bull market appears to be delayed. especially, meme token While presales boasting compelling use cases are gaining traction and adoption, they are also experiencing an upward trend. The recent performance of these tokens has led many to wonder if the anticipated meme season has begun. Insidebitcoins has selected promising coins in this regard. Through a comprehensive analysis, we examine token economics, use cases, partnerships, and other important features that contribute to its attractiveness as an investment prospect.…
Share this article In a blow to the SEC’s alleged authority over the hedge fund sector, a U.S. appeals court struck down a rule requiring hedge funds and private equity firms to be more transparent about their fees and expenses.The Fifth Circuit Court of Appeals ruled June 5 in a unanimous three-judge panel that the SEC exceeded its statutory authority in enforcing the law.The court’s ruling came in response to challenges filed by six industry groups that argued the SEC’s 656-page rule would significantly change the sector’s operations and increase compliance costs. The rules mandated quarterly performance and fee reports,…
SEC Chairman Gary Gensler said it would “take some time” for a spot Ethereum ETF to launch despite approval of the related 19-4b filing last month.Gensler said ETF applications are going through the normal process and may take some time. He remained vague about the exact release schedule.The SEC chairman also criticized cryptocurrency exchanges for their unsavory practices and said the market is still rife with fraud and manipulation. He added that the SEC continues to work to ensure integrity throughout the market.In a June 5 interview with CNBC, Gensler said the following in response to a question from Jim…
Bitcoin is expected to further strengthen its current bull market thanks to record-high global liquidity.A new analysis published on June 5 by Philip Swift, founder of on-chain data platform LookIntoBitcoin, shows that global liquidity is approaching $100 trillion.Global Liquidity Record Calls for BTC Price Mimicking MoveBitcoin (BTC) and cryptocurrency markets are famously sensitive to global liquidity trends, and the situation in 2024 could not be more conducive to rising BTC prices.This is the conclusion of Swift, whose platform tracks the global M2 currency supply and compares it to BTC price action.In US dollars, M2 is currently worth $94 trillion. This…
Crypto analyst Miles Deutscher highlighted Bitcoin’s significant bullish move, fueling speculation about the top altcoins. He noted Bitcoin’s impressive rally above $71,000, marking a potentially pivotal moment for the cryptocurrency market. This surge comes amid the highest daily inflows ever recorded for Bitcoin spot exchange-traded funds (ETFs), indicating strong institutional demand. Deutscher emphasized that Bitcoin’s performance could have a ripple effect on altcoins, as positive market sentiment often spills over to other digital assets. He shared insights on key altcoins that could benefit from this bullish momentum. Ethereum (ETH): Ethereum remains the leading competitor in the altcoin market. Deutscher noted…
Cryptocurrency Ecosystem • June 6, 2024, 1:19 AM EDT Posted 1 minute ago In ~ Updated: June 6, 2024, 3:34 AM EDT Over the past day, a MEV bot operator using the ENS name “jaredfromsubway.eth” has spent over 210 ETH ($810,000) in Ethereum gas fees.According to data from Etherscan, this amount represents almost 1.5% of all gas fees on the network during this period, making it the network’s largest gas spender. This high-frequency engaging bot is particularly focused on targeting on-chain memecoin traders. Ethereum memecoins have recently seen a resurgence led by tokens such as Pepe, Wojak, Turbo, and Mog.From…