A widely respected cryptocurrency trader has warned that one low-cost memecoin built on the Solana (SOL) blockchain could suddenly witness a bearish reversal. Alien trader Bluntz told his 286,900 followers on social media platform Bluntz practices the Elliott Wave theory, which states that bullish assets tend to witness rallies after completing an ABC decline. According to analysts, MOODENG has risen too quickly and needs a significant correction before taking the next step. “It might be wishful thinking, but I’d like to see Moo Deng added as a white box here. It’s starting to get a little too parabolic for my…
Author: Crypto Flexs
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jack anderson November 7, 2024 11:22 BitMEX has entered into an agreement on the P_KAMALAX24 and P_TRUMPX24 contracts, with P_KAMALAX24 at 0% and P_TRUMPX24 at 100%. BitMEX, a leading cryptocurrency exchange, announced the settlement of two important contracts, P_KAMALAX24 and P_TRUMPX24, according to their settlement terms. Payment was made on November 7, 2024 at 04:00 UTC. According to BitMEX, the P_KAMALAX24 contract was settled at 0% and the P_TRUMPX24 contract was settled at 100%. Agreement Details P_KAMALAX24 and P_TRUMPX24 contracts are designed to reflect specific market events and settlement rates indicate the outcome of…
FET remained flat in October but continued to consolidate on the rise. Now, when the right conditions match, a breakthrough occurs. Markets were abuzz with post-election hype as investors diversified to mitigate risk. This pushed Bitcoin (BTC) to a new all-time high of $77,000. AI tokens have also been rewarded, recording impressive weekly returns, with many recording double-digit increases. However, the Artificial Superintelligence Alliance (FET) remained consolidated despite a 15% rise this week. At press time, it was trading at $1.42, still below the $2 target. Normally, a rally like the current one would be a catalyst for FET to…
just alvin November 7, 2024 12:17 Multipli, a ZK-based yield protocol, won the BNB Incubation Alliance at Binance Blockchain Week Dubai, securing a spot in the MVB program and access to the BNB Chain’s LaaS package. At the recent Binance Blockchain Week in Dubai, BNB Incubation Alliance announced its latest winner, Multipli, a ZK-based multi-chain yield protocol. According to BNB Chain, this honor is part of BNB Chain’s strategy to foster innovative blockchain projects and engage the next billion Web3 users. victor Multipli won the competition, wowing the judges with its ability to generate…
What is Helium Mining? Helium mining is a mechanism to power the Helium network to provide global wireless technology for Internet of Things devices.Helium involves running hotspots to provide coverage for Internet of Things (IoT) devices over the Helium network. Miners need to run specialized hardware devices to create wireless connections. Hotspots build a decentralized infrastructure of low-power, long-distance wireless networks known as “people’s networks.” An innovative use of blockchain technology to encourage the creation and maintenance of a global wireless network through mining Helium (HNT) token rewards.Decentralization of wireless infrastructure reduces dependence on traditional telecom providers and lowers IoT…
Ethereum (ETH) is currently experiencing its biggest weekly gain since May 2024. While BTC’s momentum stalled in the past 24 hours, ETH price reached a quarterly high of $2,956, with fresh price action pushing the ETH/ETH price up 6%. BTC chart. With Ethereum briefly outperforming Bitcoin (BTC) for the first time in months, the altcoin-BTC pair has captured the market’s attention as a potential trend reversal. Ethereum has broken a 161-day bearish trend.The pivotal daily breakout on the Ether daily chart is one of the main reasons for the renewed interest in the ETH/BTC trend. Ethereum 1 day chart. Source:…
Key Takeaways Bitcoin hit a new all-time high of $77,000 after rising more than 10% over the past seven days. Vantard’s seed round has entered the next phase after the project reached its goal of $800,000. Bitcoin has surpassed $77,000. The cryptocurrency market has had a positive week, with most coins and tokens rising more than 5% over the past seven days. Bitcoin, the number one cryptocurrency by market capitalization, rose in value by more than 10% during the period. This rally allowed Bitcoin to set a new all-time high price of $77,252 per coin. However, Bitcoin has retreated slightly…
Iris Coleman November 7, 2024 12:34 BNB Chain’s MVB Season 8 Demo Day will highlight promising Web3 projects through sessions from top innovators. This event provides networking opportunities and insight into future blockchain trends. BNB Chain will host the Most Valuable Builder (MVB) Season 8 Demo Day, an important event highlighting early-stage Web3 innovations. Scheduled over two sessions, the showcase will provide a platform for emerging projects to showcase their developments to investors, developers, and blockchain enthusiasts. Event Overview At Demo Day, participants are divided into two groups, with each group presenting in a…
DOGE has recorded huge trading volumes in both spot and derivatives. Dogecoin’s price action looked parabolic due to Donald Trump’s victory. Fibonacci milestone increases odds of new Dogecoin all-time high. Top dog cryptocurrency Dogecoin (DOGE) is leading the broader cryptocurrency market race on Wednesday. Dogecoin’s price recorded the biggest gain among the top 10 cryptocurrencies by global market capitalization, rising 16.9% in 24 hours. DOGE network activity passes through walls. Dogecoin has been dancing with the bulls since Elon Musk continued to support the Department of Government Efficiency (DOGE), which is highly supported by the cryptocurrency community behind the meme…
Ethereum price broke the $2,720 resistance level and started a new rise. ETH is up over 10% and is currently approaching the key barrier of $3,000. Ethereum began a new surge above the $2,720 resistance zone. The price is trading above $2,750 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a new connected bullish trendline with support at $2,820. Clearance of the $2,950 resistance level could allow the pair to continue rising. Ethereum price increase extends Ethereum price, like Bitcoin, began a new rise above the $2,650 resistance line. ETH could rise…