Despite having hundreds of thousands of social media followers, pseudonym cryptocurrency trader Daan Crypto Trades isn’t keen on doxxing himself for glory. He focuses solely on posting articles analyzing cryptocurrency charts. “I’m not really interested in people knowing exactly who I am,” Daan Crypto Trades told Hall of Flame. The secretive cryptocurrency influencer reveals that he lives somewhere in the Netherlands. What is your real name or age? It will remain a mystery. “I’m not sure if it’s wise for me to say this.” He laughed during an hour-long online call with his camera off. After some prodding, Daan revealed…
Author: Crypto Flexs
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XRP price avoided a major downturn due to the surge in ETH. The price has recovered above $0.5220 and is eyeing a significant upside reversal in the near term. XRP started a significant rise above the $0.5150 resistance zone. The price is currently trading above $0.5250 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance at $0.520. The pair may correct gains but the bulls may remain active near the $0.5180 area. XRP price recovery After falling to the $0.5065 support…
Solana (SOL) price is observing institutional support to observe a significant rise this month. With retail investors joining in, questions remain as to whether SOL can return to $200 before June. Solana is regaining favor with institutions The actions of institutional investors will always influence Solana’s price throughout 2022 and 2023. The same strength is emerging again, with SOL citing inflows of $11.1 million this month. This surge makes Solana the second-best performing altcoin in institutional portfolios, behind Chainlink, matching Litecoin’s year-to-date performance. During the week ending May 17, SOL recorded inflows worth around $5 million as the CPI report…
Bitcoin (BTC) surpassed $70,000 for the first time in six weeks. Here’s why you should buy Bitcoin below $70,000.Bitcoin funding rate rises to 6-week highBitcoin rose to a six-week high of $71,401 on May 20, a price level not seen since April 9, according to TradingView.BTC/USDT. This is a 1-day chart. Source: TradingViewAs Bitcoin psychologically recovered above $70,000, funding rates also began to rise. According to Coinglass, Bitcoin’s funding rate rose to 0.0187%, the highest since April 9, suggesting that most traders are buying BTC. This is the average 8-hour funding rate for Bitcoin perpetual futures. Source: CoinglassIn essence, a…
Yuga Labs faced backlash over its new punk-themed NFT collection developed in collaboration with artist Nina Chanel Abney, and was criticized for “diluting” the OG CryptoPunks brand.The 500-piece “Super Punk World” collection launched on Monday and features “hybrid 3D sculptures that blur boundaries of race and gender and reflect identities in the virtual and real world.”Coinbase protocol expert Viktor Bunin, who sports CryptoPunk as his social media profile picture, is one of the critics of the collection and has called on Yuga Labs to cancel the sale.“It dilutes the CryptoPunks brand with what appears to be a low-quality cash grab,”…
Share this article The possible approval of a spot Ethereum ETF this week has sparked a surge in the price of the Ethereum virtual machine-based meme coin, according to data aggregator Defillama. Harry Potter Obama Sonic 10 Inu (BITCOIN) and Mogcoin (MOG) rose 46.8% and 51.7%, respectively.Wojak and Hemule showed even greater upside, up 66.3% and 89% over the same period. Other Ethereum-based meme coins that posted double-digit returns include Milady Meme Coin (LADYS), Welsh Corgi Coin (WELSH), and lmeow (LMEOW), which grew 40.8%, 23.5%, and 56.5%, respectively.Pepecoin (PEPE), currently the third largest meme coin by market capitalization, is up…
Ethereum co-founder Vitalik Buterin expressed concerns about the rapid development of superintelligence AI and the concentration of power within the AI industry. In a recent statement, Buterin highlighted the risks associated with superintelligent AI and warned against rushing into its development. He opposed allocating $7 trillion to server farms, specifically citing Sam Altman’s ambitious funding target for AI chip manufacturing. “Superintelligent AI is very risky, so we shouldn’t rush it, and we should push back on those who try it. We don’t need $7 trillion server farms.” Buterin advocates a decentralized AI ecosystem and emphasizes the importance of open models…
Manta Network Strengthens Ecosystem with $vMANTA Staking TokenAccording to a recent announcement from Manta Network, users can now leverage their $vMANTA staking tokens across the Manta Pacific ecosystem to explore new projects and maximize rewards. This introduction will bring many benefits and incentives across the ecosystem.Benefits of using $vMANTAThe $vMANTA token offers several benefits to users. This includes approximately 30% Manta staking APY, commission-free trading on the Gull Network, transaction-yield incentives on the Gull Network for MANTA/vMANTA trading, enhanced yield farming incentives on the Gull Network for vMANTA pools, and earning Monroe Points. . By…
The GameStop-led meme coin rally has now been overshadowed by a market correction. Solana-based Dogwifhat reboots above $2.50 despite approaching sales wall. Although The Sphere raised $682,000 to put on the hat, the WIF community is still in the dark. Solana-based meme coin Dogwifhat (WIF) was trading at a monthly low of $2.44 on Sunday afternoon. Before rebounding slightly to $2.70, the dog in the hat coin fell below the $2.50 support line, worrying investors. According to cryptocurrency technical analyst Seth Fin, this critical support level will determine whether WIF will break above $2.70 or risk falling to $1.60.Although the…
Even the most pessimistic developments of Bitcoin, the most dominant cryptocurrency, have little place in the world of digital assets. Although some institutions and countries only view Bitcoin as a speculative asset, there are good reasons to accumulate Bitcoin and place it in various portfolios. Here are five reasons why you should stock up on Bitcoin as soon as possible. Limited supply, increasing demand One of the important characteristics of Bitcoin is scarcity. Compared to most fiat currencies, which are under constant inflationary pressure, Bitcoin has a maximum supply of 21 million coins, after which no more can be mined.…