Crypto analyst KrissPax believes Dogecoin has found a bottom around 9 cents, despite the pullback from recent highs. In a video posted to his YouTube channel on December 12, cryptocurrency analyst and influencer KrissPax shared his latest thoughts on the price movement and outlook for the popular memecoin Dogecoin (DOGE). The analyst believes the broader cryptocurrency market is currently in a period of decline and consolidation after many major cryptocurrencies surged last month. He cited Bitcoin (BTC) falling below $42,000 as an example of a market reset in an overheated situation. Focusing on Dogecoin, the analyst noted that DOGE has…
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partTransactions recorded on a blockchain are permanent, but the underlying rules that keep the network running are different. Sometimes, for various reasons, network users change these default rules, resulting in forks. There are different types of forks that have varying levels of severity and have different impacts on the blockchain network and its users. The two most popular blockchains, Bitcoin and Ethereum, have experienced forks in the past.Cryptocurrencies such as Bitcoin and Ethereum are based on decentralized open source software called blockchain. Due to the open source nature of blockchains, developers or community members sometimes make changes that change the…
The largest cryptocurrency asset recovered from yesterday’s low of $40,200 to $42,000 this morning before falling to $40,600 in the afternoon in the US. After recouping some losses, BTC was trading at $41,300, up slightly 0.3% over the last 24 hours.
Bitcoin (BTC) price continues to trade below its 2023 high, a sign that investors may have underestimated the power of $44,000 resistance. Just because the price of BTC is trading below $42,000 does not necessarily mean that reaching above $50,000 is no longer possible. In fact, the opposite seems more likely to happen. Looking at Bitcoin derivatives indicators, it is clear that traders have ignored the 6.9% drop and remained optimistic. But is this optimism enough to justify further gains?The liquidation of $127 million in leveraged Bitcoin buy futures on December 11 may seem significant in absolute terms, but it…
join us telegram A channel to stay up to date on breaking news coverage Avalanche prices are up 15% over the past 24 hours, trading at $41.01 as of 2 a.m. ET, driven by a 35% surge in trading volume. It comes as investors have shown significant interest in the Avalanche network, with $2 million in capital flowing into the AVAX-based cryptocurrency investment fund last week, according to CoinShares. Among the major companies that have shown interest in the AVAX network is JPMorgan, which announced in November that it would use the Avalanche blockchain for portfolio tokenization. ➤ A milestone…
Former President Donald Trump is adding a twist to his latest NFT sales pitch with another set of digital trading cards that will give fans the chance to not only have dinner with him, but also win a piece of the suit he wore for his latest mugshot. has been released.The new “Mugshot Edition” trading cards cost $99, and anyone who buys 47 in a single transaction ($4,653) will receive a chance to enjoy dinner with Trump and the suit he wore when police took his mug shot. You will receive all of the actual trading cards included. in Georgia…
Crypto analyst Jason Pizzino believes traders should be wary of Ethereum (ETH) rival Solana (SOL). This is because Solana (SOL) is showing a technical pattern reminiscent of the highs of the last cycle. In a new YouTube video, Pizzino tells his 300,000 subscribers that Solana is currently printing a pattern similar to what it showed in 2021 when it peaked at around $260. The analyst noted that he predicted the SOL rally would probably end in late November, when SOL was trading in the $55-$60 range. He noted that the price of SOL surged from there, then fell again, and…
Despite not rallying as hard as other altcoins in the cryptocurrency market, Dogecoin is still gaining traction among retail investors. These retail investors have placed large buy orders on the open markets, which has undone the selling pressure of the past few days. Dogecoin buy orders outpace sell orders. In an interesting turn of events, Dogecoin buyers are becoming the dominant players in meme coins. This shift in dominance is evidenced by order book data from top exchanges, which show very large buying walls compared to sellers. IntoTheBlock’s Exchange-Onchain Market Depth page shows that there are far more Dogecoin bidders…