Analyst and trader Ali Martinez is bullish on one large cryptocurrency asset, providing insight into Bitcoin (BTC) and two altcoins. Martinez told his 85,900 followers on social media platform “BNB may collapse soon. We await a weekly close above $662 for a potential rally to $1,630!” Source: Ali Martinez/X BNB is trading at $617 at the time of this writing. Next is Bitcoin. According to Martinez, Bitcoin’s current price action appears to reflect the third halving cycle, with the Relative Strength Index (RSI), an indicator used to determine overbought or oversold conditions, looking “almost identical.” “If true, BTC would go…
Author: Crypto Flexs
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james ding November 22, 2024 08:33 BitMEX has introduced a new perpetual swap listing for CHILLGUYUSDT, giving traders the opportunity to leverage up to 50x this TikTok-inspired memecoin. BitMEX, a leading cryptocurrency derivatives exchange, announced a new perpetual swap listing for CHILLGUYUSDT, a TikTok-inspired memecoin. According to BitMEX, starting November 22, 2024, traders will now be able to engage in long or short positions on CHILLGUY with leverage options extended up to 50x. CHILLGUYUSDT: New Trading Opportunities The CHILLGUYUSDT perpetual swap began at 04:00 UTC, giving traders the opportunity to speculate on the price…
Solana whales recently purchased 100K SOL worth $23.86M. Solana recorded stablecoin inflows of $311 million in the last 24 hours, its largest ever. Solana (SOL) held the $230 support level, up 2.01% over the last 24 hours. This follows increased volatility as Bitcoin hit an all-time high of $99,000. Meanwhile, Solana’s 24-hour trading volume surged 9.41%, reaching $7.31 billion. Analysts are expecting further strength in ‘Pumpcember’, but questions remain: can do Solana Is the $400 price achievable? Solana Whale Staking Continues According to blockchain analytics platform Lookonchain, Whale recently purchased 100K SOL worth $23.86 million and staked it within two…
George Town, Grand Cayman, November 22, 2024, Chainwire zirkitChain where innovation and security meet, announced today ZRC token launch on Monday, November 25th—A key step in building a thriving decentralized ecosystem. ZRC serves as the foundation of Zircuit’s architecture, allowing participants to earn additional rewards, participate in network app fair launches, and drive growth. As a cornerstone of the ecosystem, ZRC aligns incentives between developers and users to foster proactive collaboration and innovation. The launch of ZRC follows a series of notable achievements for Zircuit, including the successful launch of the mainnet, a $2 billion TVL ecosystem, the groundbreaking EIGEN…
just alvin November 22, 2024 08:48 A16z Cryptocurrency explores the potential of prediction markets and their impact on blockchain technology, AI and governance through insights from leading experts. Prediction markets have been receiving significant attention recently due to their role in recent election cycles, according to a16z crypto. These markets for aggregating information and predicting outcomes have sparked debate about their effectiveness compared to traditional polling methods. Understanding Prediction Markets Prediction markets serve as platforms where individuals can bet on the outcome of future events, such as elections or economic trends. The collective wisdom…
Solana finally broke its all-time high on November 22, two years after the FTX exchange collapsed and slashed the price of its layer-1 blockchain token. According to TradingView, the price of Solana (SOL) hit $264.31 on Coinbase on November 22nd. This move follows an impressive 11% gain over the last 24 hours.SOL has been one of the best-performing altcoins this year, with gains of 160% since the start of 2024. The asset fell to cycle lows below $10 in December 2022 following the collapse of former FTX CEO Sam Bankman-Fried’s cryptocurrency empire. SOL/USD on Coinbase. Source: TradingViewMomentum for the asset…
Data shows that indices related to Ethereum derivatives have surged recently, a sign that the price is at risk of experiencing a storm of instability. Recently, both Ethereum open interest and leverage ratio have soared. In a CryptoQuant Quicktake post, one analyst discussed the trends in Ethereum derivatives indicators. The metrics in question are open interest and expected leverage ratio. First, open interest tracks the total amount of ETH-related contracts currently open across all derivatives platforms. This indicator naturally takes into account both long and short positions. When the value of this indicator rises, it means that investors are taking…
Bitcoin rose to within 1% of $100,000 on November 22, with bulls “chewing” on the final sell order.BTC/USD 1-hour chart. Source: TradingViewBitcoin consumes its last supply of less than $100,000.The latest Bitcoin (BTC) price on Bitstamp has seen an all-time high near $99,500, according to data from Cointelegraph Markets Pro and TradingView.After a brief dip below $96,000, BTC/USD bounced back into the Asian trading session, setting up for a six-figure showdown.Commenting on the action, trader Skew predicted a “violent breakout” could occur if the price calls for liquidity near $100,000.“We are still seeing limit bids rising with primary spot buyers,…
HARD.fun allows users to easily create memecoins with Kava’s AI chatbot. The platform is community-driven, with governance and token economics determined by voting. The platform offers cross-chain support covering Kava, Ethereum, Cosmos, and more. Kava, a secure and fast Layer-1 blockchain that combines the power of Ethereum with the speed and interoperability of Cosmos, has launched HARD.fun, a groundbreaking decentralized memecoin creation platform. https://t.co/SXUEdKsZhb is live! 🎉 Welcome to the first Meme Coin Launchpad where platform fees go back to the community! 🤝 ✨ Meme Coin launch and trading🗳️ Vote $HARD About main features💎 Earn diamonds and unlock rewards Get…
Checks for BitClave investors have now been mailed. Investors in the controversial 2017 ICO offering can now collect what is rightfully theirs, thanks to this short post on Twitter/X by the Securities and Exchange Commission (SEC). The $4.6 million check was for investors in BitClave’s 2017 ICO offering that used unregistered digital asset securities. This approved settlement amount was agreed upon in 2020, and it was only on November 20th of this year that the agency confirmed the availability of funds. After a standard notification and claims process, eligible investors can now receive a portion of the BitClave Fair Fund.…