Markets

TL;DR Polkadot (DOT) is trading at around $6.37 amid a market correction, with analysts predicting a potential rise if it surpasses key resistance zones. The Relative Strength Index (RSI) indicates the asset might be poised for an upward trend, with current levels suggesting it is not overbought. Bears Might Get Disappointed Polkadot’s DOT is yet another cryptocurrency heavily affected by the ongoing market correction. It currently trades at around $6.37 (per CoinGecko’s...

MOTHER, a memecoin launched by rapper/songwriter Iggy Azalea, stirred up a community-wide debate on X last week. Figures like Vitalik Buterin chimed in with their takes as MOTHER and other celebrity-launched memecoins made their way into the market as crypto prices rallied. Vitalik commented on a post about the MOTHER token, in which he stated, “I’m feeling quite unhappy about with “this cycle’s celebrity experimentation” so far.” Many took the opportunity to go back and forth about it. Iggy...

South Korea’s Financial Services Commission (FSC) will consider NFTs as virtual assets from July 19. NFTs used for payments and exchanges will be recognized and eligible to accrue interest when deposited in exchanges. The news clarifies the situation of NFTs in the FSC’s guidelines published last year. National governments and authorities across the globe are scurrying to accommodate the crypto world into their financial systems. Many are formulating new regulations, while some are revising...

Regulators will inevitably approve a Dogecoin ETF after both Bitcoin and Ethereum hit US public markets, according to BitMEX co-founder Arthur Hayes. During a Sunday interview alongside Real Vision CEO Raoul Pal, the two investors reviewed their favorite meme coin and crypto picks this cycle, as well as the top risks currently looming over the industry. Why Memecoins Will Keep WInning: Arthur Hayes According to Hayes, meme coins still have plenty of runway this cycle, with...

BTC and ETH prices remained mostly unchanged this past weekend after dropping last Friday. BTC’s price dropped significantly last week – many believed it would overtake the all-time high (ATH), but it fell flat, dropping below $69,000 from about $72,000. Macroeconomics was at play as non-farm payroll figures were much better than expected as the US economy added 272,000 new jobs instead of the predicted 185,000 jobs. That will have other effects, such as the Fed not cutting interest rates,...

DTX Exchange (DTX) has been gaining popularity lately for being an absolute game changer in online trading. Its utility token, DTX, which is now in Stage 2 of its presale, could very well take over from giants like Binance Coin (BNB) or Uniswap (UNI). Market analysts hint that this exchange coin may soar by 50x in 2024. Let’s see why. DTX Exchange (DTX): A Hybrid Trading Platform DTX Exchange (DTX) is a trading platform that combines CEX and DEX. Users can trade more than 120,000 types...

Polkadot buyers were unable to surpass the critical resistance at $7.5, resulting in a significant 7% decline due to increased selling pressure. The cryptocurrency has now reached a decisive support level, and the upcoming price action will be crucial in determining Polkadot’s future trend. Technical Analysis By Shayan The Daily Chart A detailed daily chart analysis reveals that Polkadot buyers failed to reclaim a key resistance zone over several weeks. This zone includes the...

A new meme coin has just launched – and investors are already going wild for it. Base Dawgz (DAWGZ) has stormed out of the gate and raised over $750,000 in the first week of its presale going live. But can this cross-chain meme coin maintain this bullish momentum until it goes live on DEXs? Base Dawgz Launches Into Explosive Base Chain Meme Coins Space Meme coins have had an explosive 2024 so far, but one specific niche is capturing retail investors’ attention – Base chain...

With the cryptocurrency market experiencing a not-so-good downturn in the past couple of months, It’s more challenging even for seasoned investors to tailor their expectations of the next couple of months from crypto token as promising as BEFE. So, it’s gotten tricky, especially since many expected an immediate bull run from Bitcoin post-halving. Instead, crypto enthusiasts and Bitcoin investors had to endure through the crypto’s sideways movements and volatility. Hence, it begs the...

Analysts have long been predicting that the Bitgert alternate coin will hit $0.0001, and the reasons for this include its use of modern technologies and its user base that is slowly expanding. However, these kinds of optimistic pronouncements must be taken with a pinch of salt due to the unpredictability of crypto markets. Bitgert: The Altcoin Revolution Maker! Amongst the fast-growing sea of alternate-focused coins, one stands out for putting itself in what seems to be a very novel...