Opeyemi is an experienced writer and enthusiast in the exciting and unique realm of cryptocurrencies. The digital asset industry may not have been his first choice, but after two years in the field, he was still absolutely drawn to it. Now, Opeyemi takes pride in creating unique pieces that unravel the complexities of blockchain technology and share insights on the latest trends in the cryptocurrency world. Opeyemi revels in his fascination with the cryptocurrency market, which explains why he spends the better part of a day looking at various price charts. “Looking” is a rather simple way to describe analyzing…
Author: Crypto Flexs
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XRP (XRP) has fallen more than 25% in three weeks since hitting $2.90, its highest since January 2018, and was trading as low as $2.13 on December 23. Profit taking due to XRP’s overbought levels and the Federal Reserve’s hawkish pivot were the main reasons for the price decline.BTC/USD daily price chart. Source: TradingViewLet’s see if the price of XRP can fall further in the future.XRP risks falling 15-20% over the holiday period.The XRP price has been consolidating within the Fibonacci retracement range since early December, with the 1.618 Fib level near $3 acting as resistance and the 1.0 Fib…
Key Takeaways MicroStrategy joined the Nasdaq-100 Index as part of its annual reconstitution. This allows index tracking funds like the Invesco QQQ Trust to gain exposure to MicroStrategy and its Bitcoin holdings. Share this article MicroStrategy (MSTR), along with Palantir Technologies (PLTR) and Axon Enterprise (AXON), were officially added to the Nasdaq-100 ahead of the market opening on December 23, according to data from Nasdaq. The three companies will replace Illumina (ILMN), Super Microcomputer (SMCI), and Moderna (MRNA).As of the latest data, MSTR ranks 52nd, accounting for approximately 0.42% of the total market capitalization of all companies included in the…
$60 million worth of USDC was withdrawn from the HyperLiquid trading platform after a wallet address linked to a North Korean hacker reportedly initiated trading on the platform. Experts believe that these transactions, which accumulated losses of $700,000, were a test of weakness. As of this writing, approximately $60 million USDC has been withdrawn from the HyperLiquid perpetual trading platform due to concerns that activity from wallets linked to North Korea may have preceded the attack. A wallet address linked to a North Korean hacking group began trading on the Perp trading platform last weekend. “North Korea doesn’t trade,” said…
A widely respected cryptocurrency analyst said the Solana (SOL)-based meme asset with a market cap of $1.89 billion will be worth zero compared to Dogecoin (DOGE). In a new strategy session, anonymous cryptocurrency strategist DonAlt tells his 637,200 followers on social media platform “I told everyone who would listen that this was the ‘safest’ trade if you wanted to hedge. Think that’s not the case anymore. Think short-term WIF could bounce back on DOGE. “Generally speaking, we think WIF will be zero against DOGE, but I think the relief will be temporary.” Source: DonAlt/X According to DonAlt’s chart, WIF/DOGE will…
A falling wedge break indicates bullish potential, with key resistance at $10.88 targeting $24. Positive indicators, including an oversold RSI and strong social sentiment, strengthen Polkadot’s rally potential. Polkadot (DOT) It broke out of a descending wedge pattern on weekly time frames, which is an important signal ahead of a significant bullish rally. Trading at $6.83 at press time and down 1.98% at press time, the breakout and retest phase for the cryptocurrency presents a promising opportunity for traders. The next key question is whether DOT can maintain this momentum and rebound towards its medium-term target of $24. DOT Breakout…
Bitcoin (BTC) is down about 8% for the week, but it is a positive sign that bulls have been aggressively buying the weekly lows. Following the recovery, analysts are divided on the next direction of movement. Some expect the correction to deepen, while others expect the upward trend to resume.Bitcoin’s rebound on December 20 failed to attract investors to U.S. spot Bitcoin exchange-traded funds. ETFs saw outflows of $617.9 million on Dec. 19 and $277 million on Dec. 20, according to Farside Investors data, suggesting profit booking by traders.Daily view of cryptocurrency market data. source: Coin360The next few days are…
In the ever-evolving world of music, one genre continues to stay ahead of the curve: EDM Facts. Known for its boundary-pushing beats and innovative production techniques, EDM Facts is now entering a new era of the convergence of artificial intelligence and blockchain technology. As AI transforms the way music is created and consumed and cryptocurrencies redefine how projects are funded, EDM Facts is uniquely positioned at the forefront of this revolution.Artificial intelligence is already starting to reshape the music industry, allowing artists to produce tracks with unprecedented speed and accuracy. AI-powered platforms like AIVA and Amper Music are revolutionizing music…
BNB price is consolidating above the $620 support area. The price is consolidating and could target a fresh rally above the $675 resistance. BNB price is struggling to settle above the $700 pivot zone. The price is currently trading below $680 and the 100-hour simple moving average. The hourly chart of the BNB/USD pair shows a major bearish trendline with resistance at $675 (data source from Binance). The pair needs to remain above the $640 level to initiate another rally in the near future. BNB price maintains support After a downward correction, BNB price found support at $620. Currently, it…
We are entering the last week of the year. You only have seven days to make an impact on your portfolio this year. For this you need the correct token. These are the top 4 best tokens that could skyrocket by the end of the year, just like PENGU and Fartcoin. For those who don’t know, Pengu already has a market cap of $2.3 billion, while Fartcoin, which launched last October, has a market cap of $1 billion. 1. SOLX SOLX is currently one of the most popular trending tokens. It generated over $4 million in sales within the first…