The trader who correctly called Bitcoin (BTC)’s 2018 market bottom is predicting a new all-time high for one decentralized exchange (DEX) altcoin. Household analyst Bluntz told his 234,000 followers on social media platform Traders often watch bullish divergences closely as they can signal the end of a corrective move. Bluntz shares a chart that suggests INJ is poised to rise to an all-time high of $47. “INJ is something I have been trying to get involved with for a while and it has only continued to gain popularity. Finally, it fell almost 25% and this is where the bullish divergence…
Author: Crypto Flexs
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The final countdown to Bitcoin ETF approval has begun. MicroStrategy adds more BTC to its stack. What were the biggest cryptocurrency stories of last year? This week we bring you these stories and more in cryptocurrency. Lowest Bitcoin Balance Since 2018 More than 28,000 bitcoins worth $1.2 billion left centralized exchanges on Thursday, marking the largest single-day outflow since December 2022. The result is the lowest Bitcoin balance on the exchange since April 2018, as investors prefer to hold their coins for the long term. While Solana’s poor SOL shuffled the altcoin rankings a bit, BNB surged 15%, reclaiming the…
Ethereum’s transition to proof-of-stake (The Merge) is approaching. The devnet was launched, specifications were finalized, and community support began in earnest. Merge is designed to have minimal impact on how Ethereum works for end users, smart contracts, and Dapps. That said, there are a few minor changes worth highlighting. Before we dive in, here are a few links to provide context on the overall merge architecture: The remainder of this post assumes the reader is familiar with the above. If you’re interested in learning more, check out The Merge’s full specs here. block structure After merging, the proof-of-work block no…
Cryptocurrencies performed well in 2023 as demand remained high. Bitcoin and most digital coins have more than doubled, and this trend may continue. This trend could benefit Memeinator, an upcoming meme coin. Cryptocurrencies have had a strong performance in 2023, with Bitcoin surging more than 150% and the overall market capitalization surging to more than $1.7 trillion. The same performance was replicated in the stock market, with major indices such as the Dow Jones, NASDAQ 100, and S&P 500 hitting record highs. Most of these gains were driven by Magnificent 7, which performed well during the year. Meanwhile, demand for…
ATOM could fall as low as $9 when the ride begins in 2024. Traders should pay attention to the funding ratio for buying opportunities. Cosmos (ATOM) is starting to erase gains made over the past 30 days, and there could be more gains to come, according to analyst Ali Martinez. His analysis shows that ATOM could start the new year with a correction to $9. Martinez’s post on X shows that he used the Tom DeMark (TD) Sequential to reach his conclusion. TD Sequential has issued a sell signal. #Cosmos 3-day chart! This indicator suggests that a price correction could…
Cybercriminals exploited Orbit Bridge, the connectivity service of cross-chain protocol Orbit Chain, to steal $82 million worth of cryptocurrency just hours before the start of the new year. In an official The team said it was “actively interacting with international law enforcement” without providing further information. Cybercriminals are busy on New Year’s Day too According to official confirmation, the attackers breached the protocol on “December 31, 2023 8:52:47 PM +UTC.” Developers are currently working with foreign law enforcement agencies to determine the primary cause of the incident. Blockchain security firm PeckShield Inc. conducted a preliminary investigation and found $81.5 million…
Orbit Chain, a multi-asset blockchain focused on cross-chain transfers, recently fell victim to a sophisticated attack. In particular, as of December 31, 2023, a series of unauthorized transactions resulted in significant financial losses amounting to approximately $81.6 million. It looks like there was an exploit. executed By compromising the owner’s private key, it allows the attacker to create fake signatures for withdrawal transactions. This security breach resulted in the illegal transfer of various cryptocurrencies, including Ethereum (ETH), Tether (USDT), USD Coin (USDC), Wrapped Bitcoin (WBTC), and the algorithmic stablecoin DAI, to new wallets. Detailed transaction history Ethereum: After an initial…
In every way, cryptocurrency is at a crossroads. Across the markets, legal and regulatory environment, and Web3 startup ecosystem, there is little disagreement among industry leaders that 2024 could be one of the most important years for cryptocurrency. Whether these events will finally lift the industry out of winter and to new highs, or whether it will put it in jeopardy, remains another question.But don’t panic, dear reader. Nothing can be certain about the future, especially when it comes to cryptocurrency.decryption We spoke with analysts in the finance, policy, and NFT fields to get a peek behind the scenes.After looking…
Bitcoin price maintains an upward trend above the $41,500 area. BTC is rising and could gain bullish momentum above the $43,200 resistance zone. Bitcoin is attempting a new rally above the $42,500 resistance zone. The price is trading above $42,200 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline forming with support near $42,280. If the price closes above the $43,200 resistance zone, the pair could continue to rise. Bitcoin price remains supported Bitcoin price fell and broke the $42,200 support zone. BTC formed a base above…
In the first months of 2024, token unlocks will bring more than $600 million of liquidity into the market. Aptos (APT), Injective (INJ), and Optimism (OP) are the top three projects with the highest number of unlocks. The holiday season is over and cryptocurrency projects are set to perform massive token unlocks. Token unlocking causes many previously locked tokens to enter circulating supply. As a result, token supply may increase, which may have a negative impact on the price. $235 Million Aptos Unlocked: Largest Token Unlock in January 2024 Aptos plans to unlock 24.84 million APT tokens on January 12,…