One analyst known for predicting the bottom of cryptocurrencies believes that cryptocurrencies challenging the likes of Mimecoin Pepe (PEPE) and Solana (SOL) are gearing up for a breakout rally. Anonymous analyst Blunts told his 273,500 followers on social media platform X that PEPE and Sei (SEI) emerged as market leaders after breaking out of a bullish reversal pattern. “There are a lot of altcoins out there that are blatantly accumulating, so I think they are very unlikely to see a downtrend. In my opinion, SEI and PEPE stand out.” Source: Bluntz/X Looking at the SEI, the trader seems to be…
Author: Crypto Flexs
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In March 2024, the Ethereum network underwent a significant upgrade by implementing EIP-4844, an essential part of the Dencun hard fork, which aimed to strengthen Ethereum’s role as a data availability layer. This upgrade dramatically improved the scalability of layer 2 solutions by introducing data “blobs”, increasing data availability by approximately 100x. As with any major upgrade, it is important to assess the impact, understand the implications, and improve our approach moving forward. To that end, we launched a dedicated data collection round inviting researchers and developers to explore the empirical impact of EIP-4844. The response was overwhelming, with submissions…
Over the last 24 hours, AAVE has gained 4.25%, indicating potential market momentum. However, analysis suggests that the recent uptrend is temporary and a downtrend is expected in the future. Aave (AAVE) has been performing well in the market recently. It has surged by 32.08% in the past month, outpacing many other tokens. This positive trend has continued on the weekly timeframe, with a gain of 16.42%. Despite this huge gain, new data suggests that AAVE’s rally may be slowing down, which could lead to a significant decline in its trading value. AAVE’s recent market momentum appears to be temporary…
Bitcoin (BTC) reclaimed the $60,000 level on September 13, marking a solid comeback for the bulls. Bitcoin’s rally of around 10% this week helped buyers turn their September gains into the black.Next week, investors will be focused on the FOMC meeting scheduled for September 18. CME Group’s FedWatch tool shows a 50% chance of a 50bp rate cut. However, if the Fed cuts rates by 25bp, crypto markets could react to the decline.Crypto Market Data Daily View. Source: Coin360Bitcoin’s short-term price volatility hasn’t stopped long-term bulls from buying. MicroStrategy, a business intelligence and software company, announced that it acquired 18,300…
After the stablecoin issuer froze the funds, cryptocurrency’s most notorious hacking group lost access to about $5 million worth of stablecoins stored in two wallets. An investigation led by blockchain detective ZachXBT identified and traced the funds. In his initial investigation, with the help of staff from Metamask, Binance, TRM Labs, and Five I’s LLC, ZachXBT discovered that North Korea’s state-sponsored Lazarus Group had laundered over $200 million in cryptocurrency into fiat currency over a three-year period. The funds were stolen through 25 separate exploits on multiple blockchains, after which the hackers cashed out the funds using multiple accounts on…
Markets have taken a breather, but uncertainty remains. Relief spread, but instability persisted. The sudden upturn has brought hope, but not everyone is cheering. Cryptocurrency markets finally took a break this week, shaking off the brutal losses of the past two weeks and posting double-digit gains across several major coins. Leading the pack was Toncoin, which surged 19%, setting the pace for the market rebound that many were hoping for. Cryptocurrency Market Shows Signs of Life BNB and XRP followed Toncoin with gains of 10.7% and 10.4% respectively, while the crypto giant Bitcoin posted a solid 10% gain. But not…
The meme-inspired cryptocurrency Dogecoin recently broke through the $0.1055 resistance level, making a significant step forward for traders and enthusiasts alike. The price action reflects growing bullish sentiment within the market, driven by factors including new support from influential figures and technical indicators pointing to potential gains. Elon Musk’s Impact on DOGE Price Surge On September 7, Elon Musk, a longtime Dogecoin supporter, shook the markets with a tweet proposing the creation of a new government agency, which he humorously dubbed “DOGE,” short for “Department of Government Efficiency.” Government Efficiency Department pic.twitter.com/HFeHYNIkJN — Elon Musk (@elonmusk) September 7, 2024 The…
Bitcoin (BTC) reclaimed the $60,000 level on September 13, marking a solid comeback for the bulls. Bitcoin’s rally of around 10% this week helped buyers turn their September gains into the black.Next week, investors will be focused on the FOMC meeting scheduled for September 18. CME Group’s FedWatch tool shows a 50% chance of a 50bp rate cut. However, if the Fed cuts rates by 25bp, crypto markets could react to the decline.Crypto Market Data Daily View. Source: Coin360Bitcoin’s short-term price volatility hasn’t stopped long-term bulls from buying. MicroStrategy, a business intelligence and software company, announced that it acquired 18,300…
Former President Trump is “safe” following reports of shots fired “around him,” Trump spokesman Stephen Cheng said in a statement Sept. 15. “President Trump is safe following reports of shots fired around him. We have no further details at this time.”The former president was playing golf at Trump International Golf Club in West Palm Beach when he heard gunshots. The golf course was immediately closed following the incident, CNN reported.Source: Trump campaign.relevant: Trump to Launch World Liberty Financial Cryptocurrency Platform on September 16At this point, it is unclear whether the incident involved the former president or whether the gunfire came…
Chris Burnieski, an investor and former cryptocurrency analyst at ARK Invest, says digital assets are showing subtle signs of an early bull market. Burniesky, a partner at venture capital firm Placeholder, says the small upside amid bearish sentiment is a good sign for cryptocurrencies. “While public sentiment remains subdued, subtle green shoots continue to emerge.” Investors say that when they zoom in, they are finding a few under-the-radar ecosystems that are showing contagious enthusiasm and helping drive the cryptocurrency market cycle towards the $10 trillion market cap target. “The contagious enthusiasm that comes from emerging ecosystems like Celestia and Move…