Solana meme coin Dogwifhat (WIF) experiences unprecedented 1,481% surge on ByBit after spot listing, prompting scrutiny and speculation
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Polygon launches Community grants worth a billion in 10 years
Over 10 years, the community grants scheme has released 1 billion, and presently, 35 million in MATIC for Polygon and Ethereum projects. All of this is in aid of the developer groups. The initial season about the scheme will entail the release of 3 million MATIC, with the grants being supervised by a separate community …
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Ethereum Investment Surge Contributes to NFT Market Downturn
The world of cryptocurrency is constantly shifting, with Bitcoin (BTC) and Ethereum (ETH) currently capturing much of the market’s enthusiasm. In contrast, the once-booming non-fungible token (NFT) market is struggling to maintain its luster. A recent Bloomberg report reveals that Google searches for NFTs have hit their lowest point since their rise to prominence in
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Binance to delist several trading pairs amid market stability efforts
Binance, the world’s largest cryptocurrency exchange, has announced plans to delist several trading pairs from its platform. This decision affects pairs involving well-known cryptocurrencies such as ALPACA, MDX, NFP, QUICK, and XAI. The announcement has stirred reactions among investors regarding the potential repercussions on prices and overall market sentiment. Details of the affected trading pairs
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Crypto execs court Labour as UK election looms
As the UK heads into a snap election, the crypto industry is focusing its lobbying efforts on the Labour Party, which holds a significant lead in polls and could shape the future of digital asset regulation in the country. The post Crypto execs court Labour as UK election looms appeared first on Crypto Briefing .
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Ethereum Records Largest Outflow From Coinbase Topping 300K ETH, Price Gains Loom?
Ethereum, the second largest cryptocurrency by global market cap, has again emerged as the talk of the crypto town today, June 12. The token recorded the withdrawal of over 300K coins from Coinbase recently, marking one of the largest exchange outflows of the year. This colossal outflow from Coinbase has stirred a whirlpool of speculations The post Ethereum Records Largest Outflow From Coinbase Topping 300K ETH, Price Gains Loom? appeared first on CoinGape .
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Shiba Inu Loses 14% In Last 7 Days – Will The Misery Worsen?
Shiba Inu (SHIB) might be facing its own demise as analysts predict a continuation of its week-long price decline. The meme coin, known for its association with the adorable Shiba Inu dog breed, has lost nearly 14% of its value in the past seven days, raising concerns about its future. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Bearish Signals Fill The Air Technical indicators often used to gauge market sentiment are flashing red for SHIB. The Relative Strength Index (RSI) and Money Flow Index (MFI) currently sit at 38 and 35, respectively. While these values suggest the asset might be oversold and ripe for a rebound, other indicators paint a bleaker picture. The Elder Ray Index, which measures the strength of buyers versus sellers, has been firmly in negative territory since June last week, indicating a clear dominance of bears in the market. The current technical outlook for SHIB is bearish. The lack of buying pressure combined with strong selling momentum suggests the price could drop further in the short term. Analysts expect to see SHIB retreating to the $0.000020 mark. Is The Howl Of The Crowd Fading? NewsBTC’s analysis also highlights a potential decline in investor interest for the self-proclaimed “Dogecoin Killer”. This waning enthusiasm could be a significant contributing factor to the price drop. The meme coin’s initial surge to prominence relied heavily on social media hype and community-driven movements. However, with the overall cryptocurrency market experiencing a correction, and meme coins facing increased scrutiny, the “Shiba Army” might be losing some of its steam. While the immediate future appears bleak for SHIB, a complete collapse isn’t entirely out of the question. Market sentiment could trigger a price rebound. If bulls regain control and investor confidence returns, SHIB could potentially climb back up to the $0.000024 mark. However, analysts warn that this scenario hinges heavily on unforeseen market forces and a renewed wave of community support. SHIB Price Forecast Meanwhile, with a projected value of $0.00007 by July 12, 2024, the present analysis of Shiba Inu (SHIB) points to a large potential price growth of 226%. But even with this bullish price forecast, the technical indications show that the market is still pessimistic. Related Reading: Cardano (ADA) Headed For Reversal? Analyst Eyes $0.50 As Turning Point The Fear & Greed Index, which pegs high levels of greed at 72, supports this feeling. Shiba Inu’s price volatility over the last 30 days has been moderate at 4.50%. Only 40% of the days have seen increases, suggesting that there hasn’t been much bullish momentum. Featured image from Reddit, chart from TradingView
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Zimbabwe Joins The Crypto Race; Exploring Crypto Regulations
The post Zimbabwe Joins The Crypto Race; Exploring Crypto Regulations appeared first on Coinpedia Fintech News To keep up with the global race, Zimbabwe is exploring comprehensive crypto regulations and is inviting public input to better understand and regulate the sector. The government seeks feedback from both local and international crypto service providers and the general public. Zimbabwe’s latest move signifies its proactive approach towards integrating digital asset governance. The government …
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