As blockchain technology grows in use cases, expect to see more DAO use cases as organizations seek to give power and a voice to their communities.
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Top Crypto Gainers Today on DEXScreener – ARKY, PEEPO, THREE
With blue-chip cryptocurrency markets recovering on Friday as macro traders price back in multiple rate cuts for 2024 following the latest US jobs report, traders looking for top crypto gainers today continue to turn to the highly illiquid and volatile on-chain markets for opportunities. The post Top Crypto Gainers Today on DEXScreener – ARKY, PEEPO, THREE appeared first on Cryptonews .
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Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork
Dogecoin (DOGE) competitor Shiba Inu (SHIB) is announcing the completion of its highly anticipated Shibarium hard fork. In a new thread on the social media platform X, the team behind the dog-themed meme asset says they have officially completed the Shibarium hard fork, a move traders have been expecting since last year. “Shibarium has successfully The post Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork appeared first on The Daily Hodl .
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Crypto Downturn a Buying Opportunity: BitMEX Founder Says ‘Buy in May, Go Away’
Arthur Hayes, the founder of popular cryptocurrency derivatives trading platform BitMEX, has recently shared his analysis of the recent turmoil in the cryptocurrency markets. He predicts a local bottom has been hit and suggests upcoming rangebound action. In a post titled “Mayday” on the BitMEX blog, Hayes attributed the volatility seen in the cryptocurrency space
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Bitcoin Price Surges Towards $61,000, Eyeing Potential Breakout To $67-$68k Range
Bitcoin (BTC), the largest cryptocurrency in the market, has experienced a notable resurgence in its bullish momentum, with the Bitcoin price reclaiming the crucial $61,000 threshold. This recovery follows a week-long downtrend that led to a 20% drop to $56,000 on Wednesday. As the bullish momentum returns, the possibility of further testing upper resistance levels and reclaiming previously lost price levels grows stronger. Bitcoin Bulls Eye $68,000 According to market expert Justin Bennett, a recovery of the $61,000 resistance level would open up potential areas such as $67,000 to $68,000. However, at the present moment, this level continues to pose a significant resistance. Related Reading: Standard Chartered Bank Analysts Sound Warning Alarm: Bitcoin Price Can Still Drop To $50,000 Analyzing the recent correction in the Bitcoin price, analyst Crypto Con suggests that the market correction was necessary for the long-term price trajectory. The full retest of the 20-week Exponential Moving Average (EMA) support at $56,700 and the return to indicator support zones, such as the Directional Movement Index, indicate a healthy price consolidation. In addition to the technical indicators, on-chain and market data analytics firm CryptoQuant’s founder and CEO, Ki Young Ju, highlights the current bullish sentiment. According to their data, whales accumulated a significant amount of Bitcoin, totaling 47,000 BTC, within the past 24 hours. This increased accumulation by large investors further bolsters the positive outlook for Bitcoin’s price. Bitcoin Price Poised For Bullish Surge Crypto analyst Titan of Crypto has provided further bullish predictions for the Bitcoin price, suggesting that recent corrections have resulted in the grabbing of leverage longs liquidity. In addition, the Stochastic Relative Strength Index (RSI)on the 5-day chart is on the verge of crossing into bullish territory. This occurrence has historically been followed by an upward price movement in Bitcoin, leading to higher highs. Such a pattern has the potential to fuel renewed investor confidence and attract further buying pressure. Related Reading: Why This Crypto Bull Run Might Not Live Up To The Past: Analyst Another positive signal highlighted by Titan of Crypto is the recent buy signal generated by the Supertrend indicator, as seen in the chart below. This technical tool helps identify trends in an asset’s price movement. The buy signal, which occurred just three months ago, implies that Bitcoin may still have significant room for growth before reaching its cycle top. According to the analyst, historical data suggests that the average duration from the buy signal to the cycle top is approximately 19 months, indicating the potential for a sustained upward trend. Currently trading at $61,600, Bitcoin has seen a significant increase of 4.7% in the last 24 hours alone. It remains to be seen if BTC will successfully break above resistance levels, while also challenging the ability of previously retested support levels to withstand potential future downtrends. Featured image from Shutterstock, chart from TradingView.com
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2 Under $5 Crypto To Buy As Bitcoin Price Aims $80,000
Bitcoin price swing back above $60,000 on Friday triggered gains among altcoins, with some posting double-digit movements in less than 24 hours. The slide in prices earlier in the week revealed the vulnerability and uncertainties of the crypto to buy assets, which investors must contend with and know how to navigate to ensure they are The post 2 Under $5 Crypto To Buy As Bitcoin Price Aims $80,000 appeared first on CoinGape .
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Top Memecoins Surging Over 100X Today
Memecoins have seen a slight recovery in the last 48 hours following the cooling after the US Fed meeting that left interest rates unchanged. As crypto assets pick up gains, analysts opine that increased market sentiments are also seen in stocks as the correlation continues. The total memecoin market capitalization stands at $52.4 billion, an The post Top Memecoins Surging Over 100X Today appeared first on CoinGape .
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