A cryptocurrency whale is gaining attention for selling millions of dollars worth of decentralized finance (DeFi) altcoins amid a market correction. According to blockchain tracking firm Lookonchain, one wealthy investor sold After the asset fell below $2,000, it secured MKR, the DeFi protocol maker’s native token, within days. “One whale dumped 2,658 MKR in (4) days for 5.37 million DAI or an average of $2,022. And the price of MKR has fallen 7.6% since whale speculation began. The whale still holds 2,007 MKR ($3.9 million) so be careful not to sell it again!” Source: Lookonchain/X Maker is trading at $1,973.71…
Author: Crypto Flexs
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Dogecoin (DOGE) The cryptocurrency analyst is gearing up for a “pop,” predicting that the next uptrend could push the meme coin past serious resistance levels. DOGE’s price is living up to the recent hype. For multiple use cases It may be added soon. However, it remains to be seen whether these narratives can propel meme coins to new highs. Dogecoin may soon rise to $0.083. Crypto analyst Muro Crypto hinted at X (formerly Twitter). post Another bounce of DOGE from the current support level could create another push to break the current resistance level. In the attached chart he shared,…
In a phenomenal surge, the price of Sui token soared to new heights, presenting an impressive picture in the cryptocurrency market. This impressive increase helped Sui reach an impressive $1.61 on Tuesday, marking a solid weekly 50% rally and reaching its highest point since May 3 of the previous year. This surge establishes Sui as one of the standout performers of 2024, surging an astronomical 328% from its 2023 lows. The daily chart of Sui’s price action provides a convincing image of the upward trend of recent months, with the pair successfully breaking the important resistance level of $1.44, effectively…
Wall Street expert explains why Ripple Pre-IPo stock could rise 2000%Veteran Wall Street analyst Linda Jones predicts that Ripple could potentially set a new benchmark in IPO valuation history. She points out that based on the significant holdings of XRP, the pre-IPO stock value could rise by as much as 2000%. Jones draws parallels with Coinbase’s successful IPO and speculates that Ripple’s potential valuation combined with its XRP holdings could lead to a total valuation of around $107 billion, a stark contrast to its current valuation. She also highlights the impact of Ripple’s ongoing legal battle with the SEC on…
After leading for several days in a row, the BlackRock and Fidelity Spot Bitcoin ETF is on track to outperform Grayscale’s fund in terms of daily trading volume for the first time since the product began trading more than two weeks ago.Grayscale’s fund, which is a convertible rather than a new product, started out with more than $25 billion in assets under management and has shed billions more. In terms of total trading volume (buying and selling), BlackRock and Fidelity’s new spot Bitcoin ETFs are in second and third place, behind Grayscale.As of 1:15 PM ET on Tuesday, BlackRock and…
Standard Chartered Bank expects the U.S. Securities and Exchange Commission (SEC) to approve ethereum exchange-traded funds (ETFs) by May 23, The Block reported on January 30. It was reported citing a Japanese research report.These expectations reflect the timeline and approach previously seen in the SEC’s approval process for spot Bitcoin ETFs.Ethereum classificationApproval of an Ethereum ETF appears likely given the SEC’s previous stance on ETH, according to Geoffrey Kendrick, head of foreign exchange and digital assets research at Standard Chartered.Unlike certain cryptocurrencies that have been classified as securities in legal cases against cryptocurrency companies, Ethereum has avoided this classification. Additionally,…
GRAND CAYMAN, Cayman Islands, January 30, 2024, Chainwire Over the past four months, Sui TVL has jumped more than 1000%, outperforming networks and beating Base, Cardano, and Bitcoin on the DeFi rise. Sui, a leading layer 1 blockchain created by the team behind Meta’s Diem crypto project, continues its explosive growth in DeFi, surpassing $430 million in total value locked (TVL) and entering the top 10 blockchains by that metric. I did. Along with the rapid rise in TVL, on-chain activity has also exploded. Weekly DeFi volume has increased by over 1200% since October, demonstrating growing demand that will drive…
Cardano has an optimistic market structure. It has moved within its previous range and is expected to rise further. Cardano (ADA) fell below its six-week range on January 18th. It retested the $0.453 support level and bounced back energetically. The low of the $0.51 range has once again flipped for support, while liquidity around $0.6 will likely pull the price forward. A recent AMBCrypto report highlighted the high probability of ADA recovery. This view was borne out by the collapse of the optimistic market structure. Another resistance/support reversal encourages buyers. A move above $0.52 triggered a bullish reversal in the…
The following is an excerpt from the latest edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. Subscribe now to be the first to get these insights and other on-chain Bitcoin market analysis delivered to your inbox. Last week I put into context the massive buying pressure coming to Bitcoin. But another (perhaps the biggest) source of potential demand is entering the field. We already know that Bitcoin ETFs, MicroStrategy issuing more shares to buy more Bitcoin, and Tether’s continued purchases and halvings will be the main sources of demand this cycle. For example, in the first two weeks…
If you’re familiar with the world of cryptocurrency, you’ve probably heard of Bitcoin, Ethereum, and other well-known digital currencies. However, a new player has emerged that is generating a lot of buzz: SoleCoin. This innovative cryptocurrency is poised to revolutionize the way we think about digital assets and is already making waves in the industry. In this article, we will find out what SoleCoin is, why it is gaining attention, and why you should not miss the opportunity to participate. What is SoleCoin? SoleCoin is a cutting-edge cryptocurrency created to address some of the major limitations of existing digital currencies.…