In Brief As Ethereum flirts with the $2,700 mark, long-term holders remain hopeful, but short-term holders appear to be losing confidence. Analysts suggest that a break above $2,700 could trigger a significant rally to $3,100, but failure to do so may result in retracement The $2,700 resistance level has become a battleground for ETH; however,…
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In Brief Largest WIF whale stays bullish, growing holdings despite $68 million profit and competing Tron meme coin hype. Whale acquired 27.2 million WIF tokens, making strategic moves and may influence current marjket sentiment. WIF chart suggests a bullish reversal; breakout confirmation above $2.518 expected for further uptrend. The largest Dogwifhat (WIF) whale remains…
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In Brief The biggest altcoin gainers of the week include Polygon, FET, and Tron-related BitTorrent. MATIC price surged 32.5% due to previous whale accumulation and the upcoming POL migration. FET gained 26%, driven by increased capital flow while BTT rose due to Justin Sun-related activities. The third week of August 2024 has surprised the crypto…
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In Brief Dogecoin surged 6% after Elon Musk’s X post about a “Department of Government Efficiency (D.O.G.E).” Musk hinted at joining a Trump administration, sparking Dogecoin community excitement. Musk’s posts often drive DOGE volatility, despite his commitment to avoid crypto promotion. Dogecoin (DOGE) has surged nearly 6%, fueled by a recent post from X…
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In Brief Tron-based meme coin SUNDOG surged 100x in value, from $0.002 to $0.20 in days. Justin Sun’s backing boosts SUNDOG, challenging Solana’s meme coin dominance. SUNDOG is overbought as the price faces risk of profit-taking that could send it to $0.17. Sundog (SUNDOG), a meme coin built on the Tron blockchain, has taken the…
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In Brief Plan B predicts cites historical trends where Bitcoin priceincreased fourfold after crossing the 200-week Moving Average. Another analyst supports a future price increase, suggesting that Bitcoin is nowhere near the coming of a bear market. Despite recent price consolidation, the decreasing Sell-Side Risk Ratio suggest the bull market may still be in its…
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In Brief Solana ETFs face near-zero approval chances in 2024 due to SEC rejections and regulatory hurdles. Analysts see no path forward without a clear regulatory framework and possible political shifts. SEC’s refusal to post critical filings halted the Solana ETF approval process early on. The outlook for United States-based Solana exchange-traded funds (ETFs) in…
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In Brief Shiba Inu’s price has been in a consistent downtrend since the beginning of March. As a result, investors have stepped away, given participation is at a six-month low. The MVRV ratio is currently in the opportunity zone, signaling accumulation. Shiba Inu (SHIB) price is facing the consequences of the ongoing downtrend, which…
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In Brief Vitalik Buterin, Ethereum’s co-founder, has registered the dacc.eth domain for defensive accelerationism. Buterin’s idea advocates for a more cautious and democratic approach to technological development. Buterin emphasizes the need for tech growth that maximizes benefits while mitigating risks. Ethereum co-founder Vitalik Buterin has registered the dacc.eth domain name today, months after publishing a…
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In Brief Justin Sun’s Tron blockchain has embraced the memecoin trend through its SunPump platform. The platform has already launched over 5,500 memecoins and generated significant TRX revenue. Sun predicts the network will soon see a memecoin with a market cap exceeding $1 billion. Tron, the blockchain founded by Justin Sun, is now embracing…
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