Aayush Jindal is a financial market expert with over 15 years of exceptional expertise in Forex and Cryptocurrency trading. Known for his excellence in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors across the world, guiding them through the complex landscape of modern finance through keen insight and astute chart analysis. From an early age, Aayush showed a natural talent for deciphering complex systems and unraveling patterns. Driven by his insatiable curiosity to understand market dynamics, he embarked on a journey that would lead him to become a leading authority on forex and cryptocurrency…
Author: Crypto Flexs
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Deep-pocketed digital asset investors are gobbling up leading meme token Dogecoin (DOGE) in huge quantities. Trader Ali Martinez told his 116,800 followers on social media platform He said he had accumulated a huge amount of DOGE. “While everyone was focused on TRUMP, whales bought 1.83 billion Dogecoin DOGE in just (48 hours!).” Source: Ali Martinez/X As of this writing, DOGE is trading at $0.35. Looking at TRUMP itself, Martinez predicts that the memecoin will surge above $50 once it clears the diagonal resistance of the falling wedge pattern. A falling wedge structure is often considered a bullish reversal pattern as…
Terrill Dickey January 22, 2025 03:19 Explore the potential of stablecoins to transform global digital payments, as discussed by experts from Paxos and Chainalytic. The discussion about stablecoins as a transformative force in the global digital payments space is gaining momentum. According to Chainalytic, in a recent episode of the Public Key Podcast, industry experts explored this topic, exploring the potential of stablecoins to streamline international transactions and support the dominance of the U.S. dollar. The role of stablecoins in digital payments Lesley Chavkin, Head of Global Public Policy at Paxos, emphasized the importance…
TRUMP has been consolidating in range over the last 12 hours. Muted volume and bearish momentum meant traders had to wait for longer-term investments. OFFICIAL TRUMP has settled in a short-term range from $40 to $31.3. The intermediate level of $35.7 acted as resistance this morning, but has reversed into support in recent hours. Trading volume has decreased over the last 12 hours. If TRUMP breaks out of its short-term range, the Fibonacci retracement level will likely act as resistance. Is that so? Short-Term Range Formation Disturbs TRUMP Bulls Source: TRUMP/USDT on TradingView Price action on the hourly chart has…
Jessie A. Ellis January 22, 2025 01:12 BitMEX will support the migration from Fantom to Sonic by introducing a SUSDT perpetual swap with up to 20x leverage on January 22, 2025. Leading cryptocurrency exchange BitMEX is introducing a new trading method to its platform. On January 22, 2025 at 04:00 UTC, the exchange will list the SUSDT perpetual swap, offering traders up to 20x leverage. This development was announced by BitMEX and represents a significant addition to its trading suite. SUSDT Perpetual Swap Details The SUSDT perpetual swap is expected to attract significant interest…
Donald Trump’s viral meme coin saw significant volatility on Tuesday after the president attempted to distance himself from the $8 billion project that bears his name.“I don’t know much about it other than we launched it,” Trump told reporters at a technology executive meeting. “I heard it was a huge success, but I haven’t confirmed it yet.”After rising to a 24-hour high of $48.18, the official TRUMP meme coin fell 16% to $40.29 shortly after his remarks. It has since regained ground above $43.37.Upon learning of the token’s multibillion-dollar valuation, Trump dismissed the token as “peanuts” compared to technology investments,…
Circle Internet Financial, a stablecoin issuer, acquired Hashnote, the issuer of United States Yield Coin (USYC), a tokenized real asset (RWA) fund. In a January 21 announcement, Circle said the transaction “will enable USYC to emerge as the preferred form of yield-generating collateral for cryptocurrency exchanges, as well as custodians and prime brokers.”Hashnote’s USDY is the most popular tokenized fund by market capitalization, with a total value locked (TVL) of approximately $1.25 billion, according to data provider RWA.xyz. As part of the deal, the stablecoin issuer is partnering with DRW, one of the largest institutional cryptocurrency traders. DRW plans to…
According to CEO Brian Armstrong, Coinbase will delist Tether’s USDT stablecoin if the new law goes into effect. There are currently several attempts to rework U.S. cryptocurrency legislation that could impact the company, but no progress has been made yet. So far, Tether has experienced some setbacks due to the EU’s MiCA legislation, but if a similar effort moves forward in the U.S., its operations could be severely disrupted. US legislative changes could challenge Tether Coinbase CEO Brian Armstrong has been vocal about the previous administration’s crackdown on cryptocurrencies. The exchange faced serious challenges from the SEC under Gensler’s leadership.…
Ether (ETH) has struggled to close above $3,500 since January 7, indicating weakness despite the broader cryptocurrency market rising 6% over the same period. This poor performance may be partly due to lower volumes of Ethereum-based decentralized applications (DApps), which has raised concerns among traders about whether ETH price will continue to lag.Ethereum underperforms its peers, with on-chain activity down 38%Ethereum’s on-chain activity has been quite low compared to its peers. According to DappRadar, trading volume fell 38% over the seven-day period to $36.5 billion. We ranked the top blockchains based on 7-day DApp trading volume (USD). Source: DappRadarIn contrast,…
Dogecoin (DOGE) saw a steep rise within minutes of the launch of the US government’s official Department of Government Efficiency (DOGE) website, which featured the Dogecoin logo prominently. Dogecoin Price Rally Dogecoin rose 16.7% in an hour on Tuesday, reaching $0.4043, bringing its market capitalization to $56.15 billion.Since the launch of the DOGE website, the price of Dogecoin has skyrocketed. Source: TradingViewAfter the official website of the Department of Government Efficiency was launched, trading volume surged significantly. The website prominently displays the iconic dog-themed memecoin logo along with the message “People voted for major reforms.”The official DOGE website features the…