A prominent cryptocurrency trader said the liquid staking service for the Ethereum (ETH) blockchain is sending bullish signals in the near term. Analyst Ali Martinez says 60,600 followers on social media platform “If LDO can stay above $1.85, it could bounce back to $3!” Source: ali_charts/X Traders use the TD Sequential indicator to predict potential trend reversals in tokens based on the closing prices of the previous 13 bars or candles. As of this writing, LDO is trading at $2.05. The cryptocurrency asset, ranked 63rd by market capitalization, rose 2.5% last week. Martinez also updated his outlook for Bitcoin (BTC),…
Author: Crypto Flexs
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Data shows that the hype around new Bitcoin coins has declined sharply, which is not a good sign for miner profits. The Bitcoin halving effect settles into miners’ profits as rune interest falls. The much-anticipated Bitcoin halving took place a few days ago. Halving is a periodic event coded into the blockchain where the BTC block reward is exactly halved. It is held every four years, and the most recent event was the fourth. Block rewards, which are heavily influenced by halving, are one of the two main ways miners generate revenue. Miners receive these rewards as compensation for solving…
PAJAMAS, a Solana-based cat meme coin, gained more than 500% in just a week after YouTube co-founder Steve Chen joined the project. The post Solana Cat Coin PAJAMAS Surges Over 500% in One Week appeared first on Crypto Briefing.
Posted 1 minute ago In ~ Arkham Intel, a blockchain data tracking company, discovered a wallet associated with WBIT, a physical wallet. Bitcoin BTC -1.14% This is an exchange-traded product (ETP) from asset management company WisdomTree. WBIT holds 8,900 BTC worth approximately $579 million in 134 wallets. Arkham famous On the social media platform X Friday. According to WBIT’s website, “WisdomTree Physical Bitcoin is a physically backed exchange-traded product (ETP) designed to provide shareholders with a simple, secure, and cost-effective way to gain exposure to the Bitcoin price.” . “ETPs offer investors an easy access, tradable, transparent and institutional custody…
Ethereum withdrawals from centralized exchanges have surged over the past week, signaling the direction of investor sentiment for the period. Considering the sheer volume of ETH withdrawn from these exchanges, it is wise to try to understand what this could mean for the price of the cryptocurrency. 260,000 ETH leaf exchange Amid the uncertainty plaguing the cryptocurrency market, Ethereum investors are making moves to secure their positions for better price prospects. Titan of Crypto, a pseudonymous cryptocurrency technology analyst, took to X (formerly Twitter) to share what Ethereum investors are doing with their holdings. Related Reading: If Bitcoin price reaches…
There are two reasons why green trading is increasing in the meme coin sector. This is due to increased interest from traders and investors and the community’s willingness to explore options to profit after the Bitcoin halving. word seconds trade, which here reflects the upward trend in the listing price of MEMCOIN. This is most evident in the fact that the sector’s overall market capitalization has surged 3.55% to $53,293,647,299 at the time of writing this article. Green trading conditions using MEM Coins To be clear, green trading can mean two things. This is the best time to sell or…
The recent surge in the cryptocurrency market has put certain altcoins in the spotlight as they show signs of potential significant growth. Investors and enthusiasts are keenly observing market trends with the goal of identifying coins that may soar in value. In this article, we take a closer look at cryptocurrencies, which can turn a modest investment into a significant fortune, and highlight the most promising options on the current upswing. Find out which of these coins could create the next cryptocurrency millionaire through careful analysis and expert insights. BlastUP pre-sale ends in a few weeks. Last chance to buy…
Since April 22, almost all ADA trades have recorded realized losses. Cryptocurrency items ranged from $0.40 to $0.44. AMBCrypto confirmed that participants suffered losses on almost every Cardano (ADA) transaction this week. Before coming to this conclusion, we looked at the network realized profits/losses. This metric measures the USD value of profits or other transactions within a specific time period. According to our analysis, the last time the ADA made a significant payment to participants was on April 22. At the time, there was no need to sell $19.78 million worth of tokens at a loss. However, as of this…
As the cryptocurrency industry navigates this upward wave, projects like the NEAR Protocol (NEAR) are moving forward with new partnerships and developments. NEAR’s incredible performance has cryptocurrency analysts thinking the token is headed for a massive surge. Is the NEAR Protocol a “market leader”? Earlier this week, cryptocurrency analyst World of Charts recognized a bullish flag pattern forming on NEAR’s monthly chart. According to analysts, a successful breakout could be followed by a 60-65% bullish wave within a few days. On Thursday, NEAR tested the $7.00 resistance level and broke above the $7.50 mark before retracement at the end of…
BloFin Celebrates TOKEN2049 Dubai Sponsorship and Side Event: WhalesNight AfterParty 2024 – Chainwire housenewsroomBloFin Sponsors TOKEN2049 Dubai and Celebrates Side Event: WhalesNight AfterParty 2024 We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate…