Iggy Azalea's anti-scam plan: Burn her own coins
In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins, showing her commitment to building trust and integrity within the cryptocurrency community.
In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins, showing her commitment to building trust and integrity within the cryptocurrency community.
Hello everyone, My name is Deepak, and I live in India. I wanted to share my current situation and see if anyone might be able to assist me. Starting tomorrow, I will begin receiving payments in cryptocurrency, and this will continue every two weeks. While I'm excited about these payments, there's a significant challenge I…
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Aptos ($APT) has reached a new high in terms of the number of transactions. In one day, May 25, it recorded 115.4 million transactions, surpassing Solana’s 31.7 million. The transaction volume growth not only set a new standard but also surpassed the previous L1 record of more than 65 million transactions held by Sui Network…
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Analysts anticipate that Dogwifhat (WIF), the meme coin with the adorably adorable canine mascot, will soar in value to a whopping $6.7. Related Reading: Time To Stack Stellar (XLM)? Analyst Calls For Epic 500% Price Breakout Dogwifhat: Recent Performance Ignites Bullish Momentum WIF has defied the odds in recent weeks, leaving its competitors in the doghouse. Over the past seven days alone, the price has shot up nearly 20%, and the past month has seen an even more remarkable 30% growth. This upward trajectory has fueled optimism within the crypto community, with many investors wagging their tails in anticipation of further gains. Breaking Through Key Barriers Renowned crypto analyst Alex Clay isn’t shy about his bullish stance on WIF. According to Clay, the recent surge signifies a potential turning point for the meme coin. WIF successfully breached a crucial resistance level, dubbed the “Key Zone” by Clay, after a strategic accumulation phase lasting 43 days. This breakthrough, Clay argues, suggests a shift in market sentiment and investor confidence. $WIF broke above the Key Zone around $3.3 after 43 Days of Accumulation🧐 Looking for a retest of the $4.4 Major Supply Zone and more upside if we do break out🚀 🎯 Target: 6.7$#dogwifhat #wif pic.twitter.com/3yLks3ycBJ — Alex Clay (@cryptclay) May 28, 2024 Clay envisions this newfound bullish momentum propelling WIF towards a “retest of the $4.4 Major Supply Zone.” Should WIF manage to conquer this resistance level, Clay boldly predicts a further ascent to a price target of a staggering $6.7. Meme Coin Frenzy: A Word Of Caution While Clay’s predictions paint a rosy picture for WIF, it’s important to remember the inherent volatility associated with meme coins. Unlike established cryptocurrencies with strong underlying utility, meme coins often rely heavily on hype and social media trends. This dependence can lead to unpredictable price swings, making them riskier investments compared to their more grounded counterparts. At the time of writing, WIF was trading at $3.52, down 10% in the last 24 hours, data from CoinMarketCap shows. WIF Price Prediction Meanwhile, based on the current analysis, Dogwifhat appears to be in a bullish trend, with a predicted price increase of 230% to reach $12.37 by June 29, 2024. The technical indicators suggest a positive sentiment among investors, supported by a Fear & Greed Index reading of 73, indicating greed in the market. Related Reading: Crystal Ball Or Crazy Talk? Analyst Predicts Bitcoin To Hit $156,000 By May 2025 Despite a moderate level of price volatility at 9.90% over the last 30 days, Dogwifhat has recorded 14 out of 30 green days, indicating intermittent but overall positive price movements. This suggests that investor confidence in Dogwifhat is growing, potentially driving further price gains in the near term. Featured image from Pexels, chart from TradingView
The fund had raised about 591 ETH at the time of this publication and will support the legal defense of Tornado Cash developers in their court battle to prove their innocence.
Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of decentralization of Bitcoin mining across the globe,” according to a press release. The company looks towards leveraging the […]
Bitcoin ETF inflows show that the investors are using the current consolidation to accumulate.
In a technical analysis shared by noted crypto analyst Josh Olszewicz on the social platform X, there appears to be a significant bullish sentiment building around Bitcoin, particularly if it surpasses the crucial $72,000 mark. Olszewicz, leveraging both the Ichimoku Cloud and Fibonacci extensions, illustrates a scenario where breaking this key resistance level could catapult Bitcoin towards a target of $91,500. Here’s How Bitcoin Could Skyrocket To $91,500 The analysis utilizes the Ichimoku Cloud, a complex technical indicator that provides insights into the market’s momentum, trend direction, and potential areas of support and resistance over different time frames. Currently, Bitcoin’s price action is depicted as being in a bullish phase, situated above the cloud. This positioning above the cloud is traditionally viewed as a bullish signal, suggesting a strong uptrend with robust support levels formed by the cloud’s lower boundaries. In the Ichimoku setup, the conversion line (Tenkan-sen) and the baseline (Kijun-sen) cross occasionally, providing buy or sell signals based on their intersection relative to the cloud. As of the latest chart, the conversion line recently crossed above the baseline, reinforcing the bullish outlook depicted by the cloud’s positioning. Related Reading: Mt. Gox Bitcoin Transfer: CryptoQuant Analyzes Potential Market Effects Of The $9.4B Movement Adding another layer to the technical narrative, Fibonacci extension levels have been plotted from a significant low at $56,485.87 up to a high, providing potential targets and resistance levels. The 0.5 Fibonacci extension level is marked at $63,727.40, already surpassed by the current price trajectory. The 1.0 extension finds itself at $71,897.29, closely aligning with the analyst’s noted pivotal level of $72,000. Beyond this, the 1.618 extension at $83,456.87 represents a lucrative first price target, while the ultimate 2.0 extension looms at $91,513.53. A key observation is the volume profile, which shows a declining trend in trading volume. This decreasing volume can often indicate a period of accumulation, as less selling pressure allows prices to stabilize and potentially build a base for an upward breakout. The declining volume trend line underpins the consolidation phase seen in recent months, suggesting that a sharp movement could be imminent once accumulation concludes. Related Reading: Whales Push Bitcoin Into Narrow Consolidation Range: What To Expect Next Olszewicz’s emphatic remark, “BTC: when this baby hits $72k you’re going to see some serious shit,” underscores the high stakes associated with this resistance level. This is not merely a technical observation but a signal to the market that once $72,000 is decisively broken, the path to much higher levels becomes increasingly probable. Such a breakout would likely activate a flurry of trading activity, as both retail and institutional investors might see it as a confirmation of a sustained upward trend, potentially pushing the price towards the $91,500 mark indicated by the 2.0 Fibonacci extension. At press time, BTC traded at $67,783. Featured image created with DALL·E, chart from TradingView.com