WIF was overbought, indicating that the price might drop below $2.70. With increasing volatility, the price of ICP could rise to $15 in the short term. ADA might retrace as the short-term EMAs suggested a bearish trend. After the completion of the 4th Bitcoin (BTC) halving, the price of several cryptocurrencies spiked. However, there were The post WIF, ICP, ADA Price Analysis as Bitcoin Completes 4th Halving appeared first on Coin Edition .
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Will SocialFi Fizzle? Dogecoin Founder Sounds The Alarm
Social media, once a platform for cat videos and vacation photos, is undergoing a potential revolution with the rise of SocialFi. This burgeoning trend promises to merge the familiar world of social networking with the decentralized power of cryptocurrency. But is SocialFi destined to be the next big thing, or just another flash in the
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SHIB Price Forecast: Why Spiking Whale Activity Could Propel Shiba Inu To $0.0001
SHIB price forecast: Shiba Inu Coin price has experienced a remarkable increase in its market value, rising sharply in the last day. This meme coin surpassed the $0.000022 mark, indicating a bullish trend despite ongoing market fluctuations. Currently, the Shiba Inu Coin price is at $0.00002251, with a surge of 7% indicating a bullish trend. The post SHIB Price Forecast: Why Spiking Whale Activity Could Propel Shiba Inu To $0.0001 appeared first on CoinGape .
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Intercontinental Exchange Q1 2024 Earnings: Revenues Surge 21%
Intercontinental Exchange joins the growing list of companies that recorded improved results in Q1 2024. The company released its Q1 financial result on May 2 showing increased revenues and general market performance from the last quarter. According to the financials, Intercontinental Exchange posted a $2.3 billion revenue, a 21% year-over-year (YoY) increase. The surge in The post Intercontinental Exchange Q1 2024 Earnings: Revenues Surge 21% appeared first on CoinGape .
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Ethereum Price Could Rally If It’s Able To Reclaims The 100 SMA
Ethereum price started a recovery wave from the $2,820 zone. ETH is rising and now facing a major hurdle near the 100-hourly simple moving average. Ethereum found support at $2,820 and started a recovery wave. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it fails to clear the $3,050 resistance. Ethereum Price Faces Key Hurdle Ethereum price extended losses below the $3,000 level, like Bitcoin. ETH even tested the $2,820 support zone. A low was formed at $2,813 and the price started a recovery wave. There was a decent move above the $2,880 and $2,950 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $3,355 swing high to the $2,813 low. Besides, there was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD. However, the bears are active near the 100-hourly Simple Moving Average. Ethereum is now trading below $3,030 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,030 level. The first major resistance is near the $3,050 level. The next key resistance sits at $3,085 or the 50% Fib retracement level of the downward move from the $3,355 swing high to the $2,813 low, above which the price might gain traction and rise toward the $3,150 level. Source: ETHUSD on TradingView.com If the bulls remain in action and push the price above $3,150, there could be a drift toward the $3,250 resistance. Any more gains could send Ether toward the $3,350 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $3,050 resistance, it could start another decline. Initial support on the downside is near the $2,940 level. The first major support is near the $2,880 zone. The main support is near the $2,820 level. A clear move below the $2,820 support might push the price toward $2,740. Any more losses might send the price toward the $2,650 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,940 Major Resistance Level – $3,050
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Terra Luna Classic Completes Key Upgrade, LUNC Price Soars 7%
The Terra Luna Classic network has completed another upgrade, which has further improved the efficiency and robustness of the system. The rebel-2 update runs on terrad-v3.0.1-rc.1 currently. This upgrade consists of several key elements: SDK v0.47, wasmd v0.45, ibc-go v7, and a p2p storm fix are all mostly aimed at enhancing the operation and performance The post Terra Luna Classic Completes Key Upgrade, LUNC Price Soars 7% appeared first on CoinGape .
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Omni Network: Top Reasons OMNI is Pumping Today
As the global crypto market makes a slight recovery from the recent crash, which saw Bitcoin price nosedive below $60,000,Omni Network (OMNI) emerges as a beacon of progress. It offers a comprehensive solution to the challenges facing Ethereum rollup ecosystem. As Omni’s rise accelerates due to various factors, it is crucial to analyze the main The post Omni Network: Top Reasons OMNI is Pumping Today appeared first on CoinGape .
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Pantera Capital Backs TON Blockchain, TON Price Soars 10%
Pantera Capital, a leading crypto venture capital firm, has recently invested in The Open Network (TON) blockchain. TON, initially developed by Telegram, has gained significant traction within the Telegram network, boasting over 900 million monthly active users. Recent updates include Telegram’s integration of Toncoin (TON) tokens for ad revenue sharing and rewards distribution. TON has The post Pantera Capital Backs TON Blockchain, TON Price Soars 10% appeared first on CoinGape .
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Bitcoin-Focused Wasabi Wallet Developer zkSNACKs Is Leaving The US
zkSNACKs, the developer behind the Bitcoin privacy-focused Wasabi Wallet, is ceasing its coinjoin coordination service in the United States. The implementation is effective from June 1st, 2024. The company announced this on its blogpost. CoinJoin and zkSNACKs’ Decision The company’s decision is prompted by the regulatory environment which necessitated the reassessment of its effort to The post Bitcoin-Focused Wasabi Wallet Developer zkSNACKs Is Leaving The US appeared first on CoinGape .
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Update: Ubisoft’s XDefiant has Announced New Launch Date
XDefiant has recently announced that on May 21st, XDefian will be live on PC, Xbox Series X and S, and PlayStation 5. XDefiant was grateful to everyone who participated in the Server Test Session of the game. After a successful test period and sufficient feedback, XDefiant will finally launch on all mentioned platforms in pre-season
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Michael Saylor Attacks Ethereum Calling It A Security, Disapproves spot ETF
MicroStrategy executive chairman Michael Saylor has made a bold statement against Ethereum stating that the world’s largest altcoin is a crypto asset security and not a commodity. His comments regarding ETH came on Thursday, May 2, while speaking at the MicroStrategy World 2024 conference. Michael Saylor Attacks ETH In addition to attacking Ethereum and calling The post Michael Saylor Attacks Ethereum Calling It A Security, Disapproves spot ETF appeared first on CoinGape .
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