Author: dfmines

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Bitfinex Securities’ initial offering targets to raise a minimum of $30 million to proceed with the issuance of the token that will be traded under the ticker USTBL.

Crypto analyst Kevin (@Kev_Capital_TA) is projecting a significant surge for the Dogecoin price, anticipating it to reach between $1 and $2 by the end of December or early January. This bullish forecast comes amid skepticism about the current breakout patterns observed in the memecoin. One Last Dip For Dogecoin Price Before $1? Over the past week, from November 12 to 19, Dogecoin formed a falling wedge—a pattern often considered bullish—on the lower timeframes. On November 19, the crypto asset broke out of this formation, prompting some optimism among traders. However, Kevin remains unconvinced about the strength of this move. “This weird little breakout on Dogecoin of this suspect bull flag looks very weak to me,” he stated via X. “Tracking the money flow on smaller time frames and smart investors are not convinced either. If money flow remains stagnant, then my base case of further correction/consolidation becomes more likely. Which, by the way, is more bullish if we just head straight up from here.” Related Reading: How Low Can Dogecoin Go Before Rallying Again? Expert Forecast When asked by an X user whether Dogecoin would surpass $0.40 by mid-December, Kevin responded confidently: “I think we’re at $1-$2 by end of December beginning of January.” Despite his bullish long-term outlook, Kevin still expects continued short-term correction for the Dogecoin price. He cautioned that “a lot of people will be wiped out if this occurs.” He elaborated on his price targets: “My first price target and a level we will want to hold for Dogecoin is the $0.30-$0.26 cent range, which is the golden pocket retrace levels. That’s a 30-40% correction from the local top, which in a bull market is a perfect size correction.” Over the long-term, Kevin foresees much higher price levels. In an analysis leveraging the Pi Cycle Tops Indicator—a tool traditionally applied to Bitcoin—crypto analyst Kevin recently shed light on Dogecoin’s long-term potential market trajectory. The indicator, crucial for pinpointing cycle highs and lows, relies on the crossing of two specific moving averages to signal significant market shifts. The shorter-term moving average (MA) which typically considers the last 111 days of price data. The longer-term MA which averages the last 350 days but multiplies it by two. The indicator’s principle is based on the theory that when these two MAs cross, a potential peak in the market price is imminent, suggesting a sell-off point before a downturn. It’s historically been used in Bitcoin analysis but, as Kevin demonstrates, it can also apply effectively to Dogecoin. Related Reading: Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow? Kevin’s chart covers several years of the Dogecoin price action, clearly marking past cycle highs and lows where the Pi Cycle Indicator has been accurate. Past cycle highs are circled in the chart during January 2018 and May 2021, which coincide with the crossover of the two MAs and corresponding peaks in price. The current price movement shows a significant upward trajectory, and while the two MAs are converging, they have yet to cross. The chart plots a 1.618 Fibonacci extension level at around $4.00. Kevin writes: “One of my secret indicators for Dogecoin that is traditionally only supposed to work for #BTC is the Pi Cycle tops indicator. It has accurately called every DOGE cycle top and bottom over each of its cycles. When the two moving averages cross along with Monthly RSI being at a certain level that’s when I plan on taking significant portions out of the market. As you can see while the moving averages are now heading in the same direction to eventually cross we’re still not very close to crossing indicating we have a lot higher to go first.” At press time, DOGE traded at $0.38. Featured image created with DALL.E, chart from TradingView.com

PRESS RELEASE. The sports metaverse platform Bitball has completed a $5 million A-round fundraising co-led by IntelligentCricket, a global leader in cricket analytics, and Neon Eight Group, a private equity group focused on sports whose portfolio includes MPS Data. This round brings Bitball’s total funding to $7 million, following a previous $2 million investment from […]

The Drex phase two pilot leverages Chainlink’s CCIP and Microsoft’s cloud infrastructure to innovate trade finance automation.

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I start with mine: https://www.youtube.com/watch?v=OZwG_Tx1hdA submitted by /u/ligi [link] [comments]

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Blackrock Inc.’s head of digital assets, Robert Mitchnick, recently shared his thoughts on bitcoin during a conversation with Yahoo Finance. Mitchnick stated that he doesn’t consider bitcoin to be a “risk-on asset.” His remarks coincided with the debut of Blackrock’s Ishares bitcoin exchange-traded fund (ETF) options on Nasdaq, signaling a significant development in the company’s […]