Chainlink has a bullish market structure at press time. The decline could extend to $16, which could lead to bulls entering this liquidity cluster. Chainlink (LINK) broke the $17.1 resistance level last week. Prices were approaching this level at press time and a bounce higher is expected after testing it as support. Technical indicators were also strong. According to Chainlink price predictions, a double-digit percentage rally is likely in the next month or two. However, the higher term trend lacked optimism as LINK has been between $12 and $21 since November 2023. The daily chart showed strong bullishness. Source: LINK/USDT…
Author: Crypto Flexs
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Despite XRP price action unimpressiveThis cryptocurrency analyst believes that cryptocurrency tokens fresh candle Its price will rise to unprecedented heights. The analyst also suggested when this parabolic move might occur. XRP price will soon rise to $30 Cryptocurrency analyst DustyBC The chart was shared by X (formerly Twitter). platform He predicts that XRP will experience a divine candle that will send the price to 4,000, representing a roughly 30% price increase for the cryptocurrency token. Interestingly, the cryptocurrency token has suggested that this move will happen sometime this year. Related Reading Source: X DustyBC’s prediction is symmetrical triangle, showing that…
BNB, the native cryptocurrency of the Binance exchange, is performing impressively in the cryptocurrency market and its price is approaching all-time highs. This comprehensive analysis examines BNB’s weekly and daily chart movements, market capitalization trends, and the continued growth of daily trading on Binance Smart Chain. By examining these key indicators, you can better understand BNB’s current market position and future potential. BNB Weekly and daily chart analysis On the weekly chart, BNB shows a strong upward movement while maintaining stability without any sharp declines in other cryptocurrencies. The current trading price is $640, and the all-time high is around…
Binance Announces Tron Support (TRX) network upgrade Binance, one of the world’s largest cryptocurrency exchanges, announced support for the upcoming Tron (TRX) network upgrade. According to Binance, this move aims to ensure the best user experience. Scheduled wallet maintenance In preparation for the Tron network upgrade, Binance will perform wallet maintenance starting June 6, 2024, at 07:00 (UTC). During this period, deposits and withdrawals on the Tron network will be temporarily suspended starting at 06:55 (UTC) and will resume in approximately 2 hours once maintenance is complete. Network upgrade details The Tron network upgrade itself…
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Matt Horne, head of digital asset strategy at Fidelity Investments, argues that investors should allocate at least a portion of their portfolio to Bitcoin (BTC), regardless of their objective in investing in the decentralized currency.In a June 4 CNBC report, Horne cited the problem of analysis paralysis that plagues many traditional investors and asset managers when investing in Bitcoin and digital asset markets.“Given the amount of data we have at our fingertips today, it is difficult for many professional investors to model every asset class. There’s no luxury with digital assets… I think that’s okay.”“So you need to understand why…
Solana and Ethereum are clear contenders in an epic battle for supremacy. Although Ethereum was the first smart contract platform, it has inherent problems, such as scalability, that new chains such as Solana and Cardano, for example, are trying to solve. Solana developers are achieving great results in “product execution” and communication Take an observer to X note While Solana is gaining traction, Ethereum remains superior. Since the middle of last year, SOL prices have been on a sharp rise, driven by positive progress in resolving FTX’s bankruptcy. Network activity around the meme coin has fueled demand, boosting its valuation…
Restructuring • June 4, 2024, 2:16 PM EDT Posted 1 minute ago In ~ FTX Trading Ltd, the legal name of Sam Bankman-Fried’s collapsed cryptocurrency exchange FTX, is seeking to significantly reduce its tax liabilities to the US Internal Revenue Service.The move is another part of a months-long saga between the embattled exchange and the state tax collection agency. FTX aims to pay $200 million in priority tax claims and $685 million in subordinate tax claims to the IRS, according to legal documents filed June 3.FTX debtors, who were in control of the company during the bankruptcy, claim the IRS…
On June 2, Shibarium team member and developer DaVinci issued a warning to the Shibarium community about malicious activity on the network that led to the launch of fake TREAT tokens.DaVinci warned investors, speculators, and the Shibarium community that the token named after the actual token, which the Shibarium team is still developing, has not been officially launched. DaVinci has made it clear that any TREAT listing has nothing to do with the official development of Shibarium.Shibarium developers explained that malicious actors used the official shib.io address in online posts to give legitimacy to fake tokens.A warning to the da…
As cryptocurrencies continue to gain global attention, the sector is witnessing varying levels of innovation and regulatory challenges. Uniswap is under legal scrutiny from the SEC, while Ondo Finance is celebrating a new leap forward thanks to recent regulatory approval. Amid these developments, BlockDAG has distinguished itself with notable pre-sale success and technological advancements that could redefine the efficiency and accessibility of blockchain technology. BlockDAG: Driving Cryptocurrency Innovation BlockDAG is making significant progress in the cryptocurrency space with its cutting-edge technology and impressive pre-sale performance. The project raised more than $41.6 million, reflecting strong investor confidence. The recent keynote, dramatically…