A widely followed cryptocurrency analyst is sounding a warning about one of the popular utility altcoins, saying it could see a slow decline. Bluntz, a pseudonymous cryptocurrency trader, told his 305,200 followers on social media platform According to Bluntz, who applies Elliott Wave theory to technical analysis, HYPE appears to have completed its five-wave rally and is now entering an ABC correction wave that will last until early next year. According to Elliott Wave theory, bullish assets tend to witness ABC corrections after completing a five-wave upward movement. “HYPE has performed well, but here awareness is at its peak and…
Author: Crypto Flexs
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Toncoin’s risk exposure ratio is rising, indicating market confidence. Market indicators suggest that TON could confirm a trend reversal and take profits. On the weekly chart, Toncoin (TON) recovered modestly on the price chart. During this period, the altcoin soared from a local low of $4.7 to a high of $6.09. However, over the past three days, altcoins have rebounded somewhat. In fact, at the time of writing, Toncoin is trading at $5.66, down 0.98% in the last 24 hours. This comes after the altcoin fell 10.81% on the monthly chart. This market volatility has analysts talking about it. One…
Despite optimistic expectations for the upcoming altcoin season due to more cryptocurrency-friendly regulations in 2025, artificial intelligence (AI) cryptocurrencies have lost nearly a third of their cumulative value.According to CoinMarketCap data, the AI cryptocurrency’s cumulative market capitalization was $50.5 billion as of 7:15 a.m. UTC, down more than 28% from its peak of $70.4 billion on December 7.AI cryptocurrency market capitalization. This is a 1 month chart. Source: CoinMarketCapCumulative trading volume led by AI tokens has also decreased by about 11% over the past month, currently at $4.73 billion, suggesting a decline in trader interest in AI cryptocurrencies.According to data…
Iris Coleman December 28, 2024 09:34 Injective (INJ) and Aethir are collaborating to tokenize GPU computing resources, improving access and efficiency in the AI and blockchain sectors through a new tradable token system. In a significant advancement in the AI and blockchain space, Injective (INJ) and Aethir announced a partnership to revolutionize the GPU computing landscape by introducing tokenization. According to the Injective blog, this collaboration will transform the way GPU resources are allocated, providing flexible and cost-effective solutions for developers, researchers, and institutions. Unlock GPU access for AI Graphics processing units (GPUs) have…
Dogecoin revisited the $0.30 support zone against the US dollar. DOGE is currently consolidating and could gain traction once it clears the $0.3165 resistance. DOGE price began another decline, trading near the $0.300 level. The price is trading below the $0.320 level and the 100-hour simple moving average. The hourly chart of the DOGE/USD pair has a bearish trend line connected to it, forming at resistance $0.3165 (data source from Kraken). A break above the $0.3165 and $0.320 resistance levels could give the price momentum. Dogecoin price revisit support Dogecoin price began a new decline well above $0.3350, similar to…
Cryptocurrency: The Financial Frontier for Generation Z and MillennialsCryptocurrency has outgrown its reputation as a curiosity among tech enthusiasts. For Gen Z and Millennials, this represents a revolutionary opportunity to reshape finances and build wealth. Bitget, a leading cryptocurrency trading platform, recently reported surprising results. 683% increase in Gen Z user sign-ups After the 2024 US presidential election. What is causing this surge? Young investors are reaping significant benefits by leveraging the volatility, technical knowledge, and educational tools that cryptocurrencies offer, even in uncertain economic times.If you’re wondering how you can leverage the momentum and returns like Gen Z, this…
The U.S. spot Bitcoin exchange-traded fund will see net inflows of $35.66 billion in 2024, significantly exceeding initial industry estimates, while the spot Ether ETF will see net inflows of $349.3 million over the past four trading days, bringing in $2.68 billion. It was strong, reaching $10 million. After launch.BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the way with net inflows of $37.31 billion, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) with $11.84 billion and $2.49 billion. Rounding out the top three in terms of dollars. The Bitwise Bitcoin ETF (BITB) is valued…
just alvin December 28, 2024 08:20 OKX Ventures has released its 2024 report highlighting investments in over 60 projects and predicting 14 key trends shaping the future of the blockchain industry. OKX Ventures has released its highly anticipated 2024 report, providing a comprehensive overview of its strategic investments and insights into future trends shaping the blockchain industry. The report describes OKX Ventures’ involvement in more than 60 projects across diverse blockchain ecosystems and predicts 14 important trends that could redefine the industry landscape. Investment in over 60 projects In 2024, OKX Ventures significantly increased…
The cryptocurrency landscape is constantly evolving, and certain digital assets are poised to see significant advancements in the coming years. As 2025 approaches, investors and enthusiasts are eager to see which cryptocurrency will lead the trend. Here is a curated list: Top 5 Cryptocurrencies It is expected to have a significant impact.1. Cubetics ($TICS)Qubetics is making waves by integrating decentralized virtual private networks (dVPNs) into its ecosystem. This additional feature enhances user privacy and supports a variety of decentralized services, including DeFi, NFTs, and decentralized storage. Qubetics dVPN maintains the core principles of autonomy and decentralization at the heart of…
The cryptocurrency exchange token has surged nearly 30% this week, defying the broader market downward trend. Bitget Token (BGB) is trading at $7.37 at the time of this writing, up nearly 28% in the last 24 hours and more than 70% in the past week. BGB’s gains were partially realized following news that Bitget was planning to merge the token with another native asset, the Bitget Wallet Token (BWB). BWB, the 638th largest cryptocurrency asset by market capitalization, is down more than 4% in the past day, but is up nearly 45% in the past week. The Bitget merger will…