Monero (XMR), the privacy-focused cryptocurrency known for its untraceable transactions, witnessed a considerable surge in price in early February 2024, reaching as high as $168.7. However, this upward trajectory proved unsustainable, and XMR has since experienced a significant correction, currently trading around $144. This article delves into the factors behind the recent Monero rally, its subsequent decline, and the emerging trend of crypto whales shifting...
Read More »Speculative Trades Flushed Out as Bitcoin, Ethereum, Solana’s Open Interest Drops
Bitcoin reached a fresh all-time peak, surpassing $69,300 this week, only to swiftly correct by over 10%. Prior to this event, the open interest in Bitcoin futures and perpetual pairs surged to unprecedented levels. Despite Bitcoin’s overall gain of almost 55% in the past month, the sudden drop in its value has left investors uncertain about its future trajectory. However, Santiment suggests that ‘speculative excess’ has been temporarily removed from the markets. Open...
Read More »What’s Coming to Shiba Inu (SHIB)? Lead Dev Hints at Major Release
TL;DR Shiba Inu’s team hints at new advancements associated with the meme coin, sparking community speculation. SHIB’s price surged 300% in the past month, highlighting the token’s volatility amidst a broader crypto market rally. What’s Coming Next for SHIB? Shytoshi Kusama, the lead developer of Shiba Inu, said the team behind the popular meme coin has been busy recently, participating in meetings and “talking to the other side of the world” regarding the introduction of a...
Read More »Bitcoin’s $69K ATH Test Leads to Massive Rollercoaster but What’s Next? (BTC Price Analysis)
Bitcoin has achieved a significant milestone by reaching its all-time high of $69K after 847 days, reflecting a notable surge in confidence within the cryptocurrency market. However, this achievement is accompanied by expectations of heightened volatility in the mid-term, leading to the liquidation of numerous futures market positions. Technical Analysis By Shayan The Daily Chart A detailed examination of the daily chart highlights Bitcoin’s impressive rally, driven by...
Read More »Following the Flushout, is ETH About to Break Toward $4K? (Ethereum Price Analysis)
After a period of heightened buying activity and increased bullish momentum, Ethereum has successfully reclaimed a crucial resistance zone, notably the previous major yearly high at $3.6K. This breakout, if confirmed by a retest, sets the stage for ETH to potentially establish a new all-time high in the near future. By Shayan The Weekly Chart An in-depth analysis of the weekly chart reveals a significant bullish sentiment surrounding Ethereum, as evidenced by a substantial...
Read More »What’s Next for XRP Following the Rollercoaster Above $0.6? (Ripple Price Analysis)
Ripple’s recent price movement has been marked by extreme volatility, particularly following a breakout above the upper trendline of a sideways triangle pattern, reaching the critical resistance level of $0.66. This indicates a significant struggle between buyers and sellers, which will greatly influence Ripple’s future trajectory. By Shayan The Daily Chart Upon examination of the daily chart, Ripple’s price surge is evident as it breached a crucial resistance area...
Read More »DCG, Barry Silbert Move to Dismiss NYAG Lawsuit, Label Claims as ‘Baseless Innuendo’
Crypto venture giant Digital Currency Group (DCG) has submitted a request to dismiss the lawsuit brought by New York Attorney General Letitia James against the company. According to the NYAG, Barry Silbert allegedly concealed losses at the company, thereby deceiving customers and investors. DCG’s founder and CEO, Barry Silbert, has also filed a motion to dismiss the accusations made by the Attorney General, deeming them as “a thin web of baseless innuendo, blatant...
Read More »BODEN, Solana-based Meme Coin Named after US President, Surges 830% in Six Hours
CoinspeakerBODEN, Solana-based Meme Coin Named after US President, Surges 830% in Six Hours BODEN's surge in value is part of a broader trend of meme coins inspired by prominent figures such as politicians and celebrities. BODEN, Solana-based Meme Coin Named after US President, Surges 830% in Six Hours
Read More »Shiba Inu Price Analysis: SHIB Explodes 228% Weekly as Bulls Take Control
Shiba Inu is back in the spotlight with a massive rally. Key Support levels: $0.0000025 Key Resistance levels: $0.000037 1. Massive Rally in Progress SHIB’s buyers came in force in late February and took the price to levels not seen since 2022. Since then, SHIB’s price has increased by over 300%, which is an impressive achievement in such a short time — especially from a technical perspective. The current resistance is at $0.000037, and if buyers continue pushing at this...
Read More »Binance Welcomes AEVO (AEVO) as 48th Project on Its Launchpool, BNB Price Jumps
CoinspeakerBinance Welcomes AEVO (AEVO) as 48th Project on Its Launchpool, BNB Price Jumps The AEVO tokens have a 1 billion maximum supply and will allow farming by Binance users who stake FDUSD and BNB tokens from the 8th of March. Binance Welcomes AEVO (AEVO) as 48th Project on Its Launchpool, BNB Price Jumps
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