In Brief Dogecoin’s price is moving in a falling wedge, and it is expected to rally upon breakout. The MVRV Ratio shows that DOGE is in the opportunity zone, which triggers a reversal. DOGE has seen rising conviction among investors, which is key to supporting a rally. Dogecoin’s (DOGE) price is declining on the daily chart,…
Read more
In Brief Six new spot Bitcoin and Ethereum ETFs starts its debut on the Hong Kong Stock Exchange (HKEX). The ETFs are available in HKD, USD, and RMB, with promising opening prices and innovative features. Industry experts express optimism about Hong Kong’s future as a crypto-friendly financial hub. Hong Kong has made a significant stride…
Read more
In Brief Vitalik Buterin has responded to community concerns regarding the network’s transition from PoW to PoS. Buterin emphasized the necessity and benefits of this shift, citing concerns over PoW’s centralization. Despite Ethereum’s successful transition to PoS, regulatory scrutiny, particularly from the SEC, persists. Ethereum co-founder Vitalik Buterin has responded to community concerns about the…
Read more
In Brief DTCC has decided to impose a 100% haircut on all investment instruments backed by crypto assets. Some analysts speculate that this move could lead to reduced liquidity and increased risk for investors However, others argued that the DTCC decision might not significantly affect crypto ETF performance. The Depository Trust and Clearing Corporation (DTCC)…
Read more
In Brief Bitcoin (BTC) is one of the closest tokens to forming a new all-time high propelled by the halving bullishness. BNB Coin (BNB) is merely 12% away from charting a new ATH marked at $686 after almost three years. Bitget Token (BGB) and Ondo (ONDO) are both consolidated under their ATHs, standing 15% and…
Read more
In Brief Shiba Inu (SHIB) bounces off golden ratio support, triggering a bullish surge. Factors like market sentiment and resistance levels will determine SHIB’s uptrend. Despite recent gains, SHIB faces resistance levels and a potential short-term downturn. After reaching the golden ratio support, Shiba Inu (SHIB) experienced a bullish bounce. How far the price might…
Read more
In Brief Solana’s price is currently moving in an ascending triangle pattern, per which a 25% rally is possible. The Relative Strength Index sustaining in the bullish zone is an indication of broader market bullishness. Sharpe Ratio nearly recovering from negative to positive could attract new investors to the altcoin. Solana’s (SOL) price is making…
Read more
In Brief Litecoin’s price on the 4-hour chart is forming a rising wedge, suggesting a drawdown could result in an 8% drop. LTC whales have been making no significant move in the past few days and don’t appear likely either. Retail participation, too, has taken a hit, with active addresses falling to a six-month low.…
Read more
In Brief A crypto analyst identifies a buy signal on Dogecoin, suggesting an upcoming price surge. Dogecoin shows strong recent performance, with a modest 1.14% rise from its weekly open. Current trends hint that Dogecoin’s recent peak price may climb higher, offering big gains. Cryptocurrency enthusiasts are poised for potential gains as Dogecoin (DOGE), the…
Read more
Both cryptocurrencies and decentralized finance (DeFi) are lauded as necessary. However, both still operate on a centralized system — the Internet itself. Internet Computer Protocol (ICP) and its ICP coin aim to change that. Here’s everything you need to know about the innovative project in 2024. In This Guide Internet Computer Protocol (ICP) explained Who is…
Read more
