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Here's a concise summary of the recent Shiba Inu ($SHIB )
burn rate activity:
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Shiba Inu (SHIB) Burn Rate Soars 243.34%, But Price Remains Sluggish
Shiba Inu (SHIB) has ramped up its deflationary burn mechanism, removing over 1.7 million tokens from circulation in the past 24 hours, according to Shibburn. This marks a 243.34% surge in the burn rate, a key strategy to stabilize prices by reducing supply.
Despite this significant burn activity, SHIB's price remains down by 2.76%, trading at $0.00002109. However, market volume surged by 31.11%, reaching $538.36 million, signaling heightened activity as the year ends.
The burn mechanism's impact on SHIB's price stability continues to play a crucial role in its long-term prospects.
#SHIB #ShibaInu #CryptoNews🚀🔥V #SHIBBurns #DeflationaryMechanism
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Let me know if you'd like to adjust or expand this further!
burn rate activity:
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Shiba Inu (SHIB) Burn Rate Soars 243.34%, But Price Remains Sluggish
Shiba Inu (SHIB) has ramped up its deflationary burn mechanism, removing over 1.7 million tokens from circulation in the past 24 hours, according to Shibburn. This marks a 243.34% surge in the burn rate, a key strategy to stabilize prices by reducing supply.
Despite this significant burn activity, SHIB's price remains down by 2.76%, trading at $0.00002109. However, market volume surged by 31.11%, reaching $538.36 million, signaling heightened activity as the year ends.
The burn mechanism's impact on SHIB's price stability continues to play a crucial role in its long-term prospects.
#SHIB #ShibaInu #CryptoNews🚀🔥V #SHIBBurns #DeflationaryMechanism
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Let me know if you'd like to adjust or expand this further!
"Shiba Inu’s Roadblock: What’s Preventing Its Climb to $0.00003?"
#shiba⚡ Inu (SHIB) faces a massive supply wall in its struggle to reclaim early December highs.
Read more on: https://thecryptobasic.com/2024/12/31/heres-the-biggest-wall-stopping-shiba-inu-from-reclaiming-0-00003/
#CryptoNews🚀🔥V
Read more on: https://thecryptobasic.com/2024/12/31/heres-the-biggest-wall-stopping-shiba-inu-from-reclaiming-0-00003/
#CryptoNews🚀🔥V
Shytoshi Kusama, the lead developer of the #shiba⚡ Inu ecosystem, is enthusiastic about the upcoming launch of Shiba Inu’s new racing game, Lap Dogs.
In an X post today, Kusama reacted to the upcoming launch of Lap Dogs, noting that the game marks yet another win for the Web3 gaming space. This comes as the Shiba Inu ecosystem team plans to expand the Web3 gaming industry with the imminent launch of Lap Dogs.
In a follow-up comment, the Shiba Inu leader expressed pride in the team behind SHIB: The Metaverse for creating the game.
Lap Dogs Prepares for Imminent Launch
For context, the gaming arm of the Shiba Inu ecosystem, Play with Shib, caused a stir within the community when it posted the Lap Dogs trailer.
The X handle playfully suggested that all Shiba Inu-themed characters ‘are goodest bois.’ The community was asked to prepare and discover which of these characters is the fastest in the dog racing game.
“Lap Dogs is coming soon. Stay tuned…” it remarked.
#CryptoNews🚀🔥V
In an X post today, Kusama reacted to the upcoming launch of Lap Dogs, noting that the game marks yet another win for the Web3 gaming space. This comes as the Shiba Inu ecosystem team plans to expand the Web3 gaming industry with the imminent launch of Lap Dogs.
In a follow-up comment, the Shiba Inu leader expressed pride in the team behind SHIB: The Metaverse for creating the game.
Lap Dogs Prepares for Imminent Launch
For context, the gaming arm of the Shiba Inu ecosystem, Play with Shib, caused a stir within the community when it posted the Lap Dogs trailer.
The X handle playfully suggested that all Shiba Inu-themed characters ‘are goodest bois.’ The community was asked to prepare and discover which of these characters is the fastest in the dog racing game.
“Lap Dogs is coming soon. Stay tuned…” it remarked.
#CryptoNews🚀🔥V
Shiba7306:
$ уже не за горами дамы и господа
#Bitcoin has dropped to $93,300, following a bearish Sunday that resulted in a 24-hour decline of 1.71%. At the current market price of $93,390, Bitcoin’s market capitalization stands at $1.84 trillion.
Under the bearish influence on Bitcoin’s price, the crypto market has witnessed liquidations totaling $167.94 million over the past 24 hours. This figure is significantly higher than the typically lower trading volumes observed over weekends.
As liquidations surge, the tightening bearish pressure on the BTC price trend raises concerns about a potential breakdown. Could this lead to a test of the $90,742 support level?
Bitcoin Price Analysis
On the 4-hour chart, Bitcoin’s price action shows a failed bullish attempt to break above the $99,514 resistance level. This resulted in a bearish reversal from the 100 SMA line, followed by a retest of the critical support near the $93,000 psychological level.
The Doji formations near the support level reflect an attempt to absorb the increased selling pressure. However, the lower-high formation warns of a potential breakdown rally.
Additionally, the failed bullish move has increased the likelihood of a bearish crossover between the 100 and 200 SMA lines. Meanwhile, the 4-hour RSI continues to show a minor bullish divergence.
#CryptoNews🚀🔥V
Bitcoin Price Chart
Under the bearish influence on Bitcoin’s price, the crypto market has witnessed liquidations totaling $167.94 million over the past 24 hours. This figure is significantly higher than the typically lower trading volumes observed over weekends.
As liquidations surge, the tightening bearish pressure on the BTC price trend raises concerns about a potential breakdown. Could this lead to a test of the $90,742 support level?
Bitcoin Price Analysis
On the 4-hour chart, Bitcoin’s price action shows a failed bullish attempt to break above the $99,514 resistance level. This resulted in a bearish reversal from the 100 SMA line, followed by a retest of the critical support near the $93,000 psychological level.
The Doji formations near the support level reflect an attempt to absorb the increased selling pressure. However, the lower-high formation warns of a potential breakdown rally.
Additionally, the failed bullish move has increased the likelihood of a bearish crossover between the 100 and 200 SMA lines. Meanwhile, the 4-hour RSI continues to show a minor bullish divergence.
#CryptoNews🚀🔥V
Bitcoin Price Chart
"Dogecoin Prepares for Its Next Surge: Key Bottom and Pump Years Decoded"
#Dogecoin (DOGE) has been capturing the attention of traders as its latest chart patterns suggest another explosive rally is on the horizon.
Read more on: https://thecryptobasic.com/2024/12/28/here-are-dogecoin-bottom-pre-pump-and-pump-years-as-weekly-candle-signals-doge-gearing-for-the-next-run/
#CryptoNews🚀🔥V
Read more on: https://thecryptobasic.com/2024/12/28/here-are-dogecoin-bottom-pre-pump-and-pump-years-as-weekly-candle-signals-doge-gearing-for-the-next-run/
#CryptoNews🚀🔥V
🚀🚨Phala Network (PHA) Experiences Significant Surge: Current Price, 24-Hour High🚀🚨
Phala Network (PHA) Experiences Significant Surge: Current Price, 24-Hour High and Low, and Future Prospects
$PHA
Phala Network (PHA), a privacy-preserving cloud computing cryptocurrency, has recently gained notable attention in the crypto market due to its remarkable performance. As of December 27, 2024, PHA has seen a significant pump, reflecting increased market interest and trading activity.
Current Price and Market Highlights
At the time of writing, Phala Network (PHA) is trading at $0.4393 USD, marking a substantial 73.21% increase in the past 24 hours. This surge has brought its 24-hour trading volume to approximately $397 million USD, showcasing a dramatic rise in trading activity.
24-Hour Price Range $PHA
Over the past 24 hours, PHA has traded between a low of $0.2372 USD and a high of $0.4488 USD, demonstrating significant volatility. The impressive intraday high has positioned PHA as a standout performer in the cryptocurrency market, drawing attention from both investors and analysts.
Market Performance and Current Standing
The recent price increase has elevated Phala Network's market capitalization to approximately $327 million USD, placing it at #228 among cryptocurrencies by market cap. Despite this recent surge, PHA still trades approximately 70% below its all-time high of $1.41 USD, reached in May 2021.
Factors Driving the Pump
The recent rally in PHA's price could be attributed to several factors:
1. Increased Market Interest: The sharp rise in trading volume indicates growing interest from investors, possibly driven by developments within the Phala ecosystem.
2. Privacy-Preserving Technology: Phala Network's unique approach to combining blockchain with Trusted Execution Environment (TEE) technology has attracted attention as privacy becomes a critical concern in the digital world.
3. Polkadot Ecosystem Growth: As a parachain in the Polkadot network, Phala Network benefits from increased adoption and integration within this rapidly growing ecosystem.
Future Price Performance and Prospects
While predicting cryptocurrency prices is inherently uncertain, analysts remain optimistic about the long-term potential of Phala Network (PHA):
Short-Term Projections: If current momentum continues, PHA could test its resistance level near $0.50 USD. However, failure to maintain trading activity at this level may lead to a retracement to its support zone around $0.30 USD.
Mid-to-Long-Term Outlook: As Phala Network continues to expand its ecosystem and roll out innovative solutions like Phat Contract and SubBridge, the token's value could see gradual appreciation. The growing demand for privacy-preserving cloud computing could further drive adoption and support price growth.
Key Drivers: Factors like increased adoption of decentralized finance (DeFi), enterprise use cases, and enhanced cross-chain interoperability within the Polkadot ecosystem are likely to influence PHA's future price trajectory.
Conclusion
Phala Network's recent price surge is a testament to its growing prominence within the blockchain industry. While the short-term performance is impressive, long-term growth will depend on the project's ability to sustain innovation, adoption, and integration within the broader crypto ecosystem.
As always, potential investors should remain cautious, conduct thorough research, and consider the inherent volatility of the cryptocurrency market before making any investment decisions. Phala Network's unique position in the privacy-preserving cloud computing space makes it a project to watch closely in 2024 and beyond.
#PhalaNetwork
#PHA #Cryptocurrency
#CryptoNews🚀🔥V
#PriceUpdate
#Altcoins
$PHA
Phala Network (PHA), a privacy-preserving cloud computing cryptocurrency, has recently gained notable attention in the crypto market due to its remarkable performance. As of December 27, 2024, PHA has seen a significant pump, reflecting increased market interest and trading activity.
Current Price and Market Highlights
At the time of writing, Phala Network (PHA) is trading at $0.4393 USD, marking a substantial 73.21% increase in the past 24 hours. This surge has brought its 24-hour trading volume to approximately $397 million USD, showcasing a dramatic rise in trading activity.
24-Hour Price Range $PHA
Over the past 24 hours, PHA has traded between a low of $0.2372 USD and a high of $0.4488 USD, demonstrating significant volatility. The impressive intraday high has positioned PHA as a standout performer in the cryptocurrency market, drawing attention from both investors and analysts.
Market Performance and Current Standing
The recent price increase has elevated Phala Network's market capitalization to approximately $327 million USD, placing it at #228 among cryptocurrencies by market cap. Despite this recent surge, PHA still trades approximately 70% below its all-time high of $1.41 USD, reached in May 2021.
Factors Driving the Pump
The recent rally in PHA's price could be attributed to several factors:
1. Increased Market Interest: The sharp rise in trading volume indicates growing interest from investors, possibly driven by developments within the Phala ecosystem.
2. Privacy-Preserving Technology: Phala Network's unique approach to combining blockchain with Trusted Execution Environment (TEE) technology has attracted attention as privacy becomes a critical concern in the digital world.
3. Polkadot Ecosystem Growth: As a parachain in the Polkadot network, Phala Network benefits from increased adoption and integration within this rapidly growing ecosystem.
Future Price Performance and Prospects
While predicting cryptocurrency prices is inherently uncertain, analysts remain optimistic about the long-term potential of Phala Network (PHA):
Short-Term Projections: If current momentum continues, PHA could test its resistance level near $0.50 USD. However, failure to maintain trading activity at this level may lead to a retracement to its support zone around $0.30 USD.
Mid-to-Long-Term Outlook: As Phala Network continues to expand its ecosystem and roll out innovative solutions like Phat Contract and SubBridge, the token's value could see gradual appreciation. The growing demand for privacy-preserving cloud computing could further drive adoption and support price growth.
Key Drivers: Factors like increased adoption of decentralized finance (DeFi), enterprise use cases, and enhanced cross-chain interoperability within the Polkadot ecosystem are likely to influence PHA's future price trajectory.
Conclusion
Phala Network's recent price surge is a testament to its growing prominence within the blockchain industry. While the short-term performance is impressive, long-term growth will depend on the project's ability to sustain innovation, adoption, and integration within the broader crypto ecosystem.
As always, potential investors should remain cautious, conduct thorough research, and consider the inherent volatility of the cryptocurrency market before making any investment decisions. Phala Network's unique position in the privacy-preserving cloud computing space makes it a project to watch closely in 2024 and beyond.
#PhalaNetwork
#PHA #Cryptocurrency
#CryptoNews🚀🔥V
#PriceUpdate
#Altcoins
"Bitcoin Crash to $70,000 Inevitable, Veteran Analysts Weigh In"
Several veteran analysts and industry leaders believe a #Bitcoin crash to price levels before the Donald Trump victory is possible.
Read more on: https://thecryptobasic.com/2024/12/27/veteran-analysts-agree-bitcoin-crash-to-70000-is-possible/
#CryptoNews🚀🔥V
Read more on: https://thecryptobasic.com/2024/12/27/veteran-analysts-agree-bitcoin-crash-to-70000-is-possible/
#CryptoNews🚀🔥V
An #Ethereum ICO whale moves a substantial amount of Ethereum to the crypto exchange Kraken, sparking speculations of a possible dump.
In today’s Ethereum news, a whale wallet shifted 4,160 ETH, worth $14.5 million, to a crypto exchange for a possible sale. According to data from SpotOnChain, the address transferred millions of dollars’ worth of Ethereum on Christmas Day.
Transaction Details
The transaction occurred between the Ethereum whale wallet and Kraken at 21:20 (UTC) on December 25. Specifically, the address “0x55df” moved 4,162 ETH ($14.5 million) to “0x54d6,” a Kraken deposit wallet.
SpotOnChain tied the sending wallet to an Ethereum initial coin offering (ICO) participant, who received 20,000 ETH at the time of the event. Notably, the whale acquired the Ethereum stash during the offering in 2015 for $0.31 per coin, totaling $6,200.
Although the whale staked the Ethereum he received then, he habitually dumps the asset at local peaks to realize some profit. For context, data shows that the whale wallet sold 2,719 ETH ($10.1 million then) when Ethereum reached $4,000 on December 4.
The Ethereum ICO participant also sold some on October 31 and September 28, dumping a combined 60 ETH ($158,000) on those days. Meanwhile, the whale still holds 7,043 ETH, worth $24.6 million, currently staked to yield rewards.
#CryptoNews🚀🔥V
Ethereum ICO On-Chain Activities
In today’s Ethereum news, a whale wallet shifted 4,160 ETH, worth $14.5 million, to a crypto exchange for a possible sale. According to data from SpotOnChain, the address transferred millions of dollars’ worth of Ethereum on Christmas Day.
Transaction Details
The transaction occurred between the Ethereum whale wallet and Kraken at 21:20 (UTC) on December 25. Specifically, the address “0x55df” moved 4,162 ETH ($14.5 million) to “0x54d6,” a Kraken deposit wallet.
SpotOnChain tied the sending wallet to an Ethereum initial coin offering (ICO) participant, who received 20,000 ETH at the time of the event. Notably, the whale acquired the Ethereum stash during the offering in 2015 for $0.31 per coin, totaling $6,200.
Although the whale staked the Ethereum he received then, he habitually dumps the asset at local peaks to realize some profit. For context, data shows that the whale wallet sold 2,719 ETH ($10.1 million then) when Ethereum reached $4,000 on December 4.
The Ethereum ICO participant also sold some on October 31 and September 28, dumping a combined 60 ETH ($158,000) on those days. Meanwhile, the whale still holds 7,043 ETH, worth $24.6 million, currently staked to yield rewards.
#CryptoNews🚀🔥V
Ethereum ICO On-Chain Activities
#Solana has maintained a trend of daily positive capital netflow over the past year, outpacing Bitcoin and Ethereum in price performance.
Particularly, Solana has experienced a consistent influx of capital since September 2023, reaching a peak of $776 million in daily inflows this year, according to blockchain analytics firm Glassnode.
Solana Sees Capital Influx Despite ETF Absence
This growing liquidity has contributed to Solana’s impressive price appreciation, with the crypto asset rising over 2,143% from its November 2022 low of $9.64, a price point it revisited on the back of the contagion from the FTX implosion.
Despite the absence of Solana exchange-traded funds (ETFs), SOL has managed to attract substantial investment. In contrast, Bitcoin and Ethereum have benefited from the introduction of spot ETFs, which have triggered greater institutional investment and contributed to their market growth.
For instance, the approval of spot Bitcoin ETFs earlier this year led to impressive capital inflows, with investors injecting $36 billion into these funds, accumulating assets of about $110 billion.
However, the U.S. Securities and Exchange Commission (SEC) has been hesitant to approve spot Solana ETF applications. The Crypto Basic confirmed that the SEC plans to reject filings from multiple asset managers seeking to launch such products.
Notably, this stance is possibly due to regulatory uncertainties and concerns over investor protection. Despite facing regulatory hurdles, Solana has shown impressive growth and resilience.
Since its November 2022 cycle low, the cryptocurrency has outpaced Bitcoin and Ethereum in price gains. According to Glassnode’s data, Solana outperformed Bitcoin and Ethereum in price movements on 344 of 727 days following the FTX collapse.
#CryptoNews🚀🔥V
Particularly, Solana has experienced a consistent influx of capital since September 2023, reaching a peak of $776 million in daily inflows this year, according to blockchain analytics firm Glassnode.
Solana Sees Capital Influx Despite ETF Absence
This growing liquidity has contributed to Solana’s impressive price appreciation, with the crypto asset rising over 2,143% from its November 2022 low of $9.64, a price point it revisited on the back of the contagion from the FTX implosion.
Despite the absence of Solana exchange-traded funds (ETFs), SOL has managed to attract substantial investment. In contrast, Bitcoin and Ethereum have benefited from the introduction of spot ETFs, which have triggered greater institutional investment and contributed to their market growth.
For instance, the approval of spot Bitcoin ETFs earlier this year led to impressive capital inflows, with investors injecting $36 billion into these funds, accumulating assets of about $110 billion.
However, the U.S. Securities and Exchange Commission (SEC) has been hesitant to approve spot Solana ETF applications. The Crypto Basic confirmed that the SEC plans to reject filings from multiple asset managers seeking to launch such products.
Notably, this stance is possibly due to regulatory uncertainties and concerns over investor protection. Despite facing regulatory hurdles, Solana has shown impressive growth and resilience.
Since its November 2022 cycle low, the cryptocurrency has outpaced Bitcoin and Ethereum in price gains. According to Glassnode’s data, Solana outperformed Bitcoin and Ethereum in price movements on 344 of 727 days following the FTX collapse.
#CryptoNews🚀🔥V
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Solana Technical Analysis ($SOL ) December 26, 2024 🚀📉
Technical Indicators:
General Trend 📉: The current price action indicates a descending channel, which shows continued selling pressure.
Support and Resistance Levels 🔧📈:
Major Support 🛑: At $180, where the price may see a rebound if reached.
Major Resistance 🚧: At $200, which the price needs to break to confirm a trend reversal.
Relative Strength Index (RSI) 📊: It is currently in the neutral zone, indicating a balance between buying and selling forces.
Moving Averages 📉: The price is trading below the 50-day moving average, which supports the short-term downtrend.
Future Forecast:
Bullish Scenario 🚀: If the resistance level at $200 is broken and stabilized above it, the price may target higher levels such as $220.
Bearish Scenario 📉: If the price breaks the support level at $180, it may head towards lower levels such as $160.
Recommendations:
Short-term investors ⏳: It is recommended to follow the price action near the mentioned support and resistance levels and make their decisions based on that.
Long-term investors 📅: It may be appropriate to wait for confirmation of the trend reversal before entering new trades.
#BtcNewHolder #CryptoAnalysis #CryptoNews🚀🔥V
#تحليل_فني #تحليل_عملة
Technical Indicators:
General Trend 📉: The current price action indicates a descending channel, which shows continued selling pressure.
Support and Resistance Levels 🔧📈:
Major Support 🛑: At $180, where the price may see a rebound if reached.
Major Resistance 🚧: At $200, which the price needs to break to confirm a trend reversal.
Relative Strength Index (RSI) 📊: It is currently in the neutral zone, indicating a balance between buying and selling forces.
Moving Averages 📉: The price is trading below the 50-day moving average, which supports the short-term downtrend.
Future Forecast:
Bullish Scenario 🚀: If the resistance level at $200 is broken and stabilized above it, the price may target higher levels such as $220.
Bearish Scenario 📉: If the price breaks the support level at $180, it may head towards lower levels such as $160.
Recommendations:
Short-term investors ⏳: It is recommended to follow the price action near the mentioned support and resistance levels and make their decisions based on that.
Long-term investors 📅: It may be appropriate to wait for confirmation of the trend reversal before entering new trades.
#BtcNewHolder #CryptoAnalysis #CryptoNews🚀🔥V
#تحليل_فني #تحليل_عملة
zine09:
حتى انا، صعود من سعر 230$
"Bearish Sentiment Looms Over PEPE with Prices Approaching $0.000014"
The #PEPE meme coin price is facing bearish pressure, testing support at $0.00001732. Can it recover, or will it retest the critical $0.000014451 level?
Read more on: https://thecryptobasic.com/2024/12/26/bearish-clouds-over-pepe-is-a-drop-to-0-000014-inevitable/
#CryptoNews🚀🔥V
Read more on: https://thecryptobasic.com/2024/12/26/bearish-clouds-over-pepe-is-a-drop-to-0-000014-inevitable/
#CryptoNews🚀🔥V
The #Cardano founder, Charles Hoskinson, believes the Cardano-native Lace wallet will likely transform to a “powerhouse” in 2025.
As 2024 draws to a close, many crypto industry participants are wondering what catalysts will drive their various ecosystems to new heights in 2025. One such catalyst for the Cardano ecosystem may have recently been revealed.
“A Powerhouse”
Cardano founder Charles Hoskinson has tipped Lace, the feature-packed light wallet built by Input Output, the primary developers of the Cardano network, to be “a powerhouse” for the ecosystem in 2025.
Hoskinson expressed this sentiment on Tuesday, December 24, in response to statements from the wallet that its Nami migration, referring to the migration of users from Nami to Lace, was in “full swing” and that more users were adopting the latter.
Nami is among Cardano’s most popular wallets, boasting over 200,000 users. Input Output absorbed the wallet in 2023, launching an embedded mode that lets users stick with the Nami UX they fell in love with while enjoying all the new benefits promised by Lace, including greater security, transaction bundling, and easy governance access.
Hoskinson’s statements come as proponents expect Lace to serve as an easy-to-use, feature-packed portal to the Cardano network that makes the ecosystem more accessible to millions of users.
At the time of writing, however, the wallet is only available as a browser extension on popular options like Chrome and Brave, with a promised mobile app presumably still in the pipeline.
#CryptoNews🚀🔥V
As 2024 draws to a close, many crypto industry participants are wondering what catalysts will drive their various ecosystems to new heights in 2025. One such catalyst for the Cardano ecosystem may have recently been revealed.
“A Powerhouse”
Cardano founder Charles Hoskinson has tipped Lace, the feature-packed light wallet built by Input Output, the primary developers of the Cardano network, to be “a powerhouse” for the ecosystem in 2025.
Hoskinson expressed this sentiment on Tuesday, December 24, in response to statements from the wallet that its Nami migration, referring to the migration of users from Nami to Lace, was in “full swing” and that more users were adopting the latter.
Nami is among Cardano’s most popular wallets, boasting over 200,000 users. Input Output absorbed the wallet in 2023, launching an embedded mode that lets users stick with the Nami UX they fell in love with while enjoying all the new benefits promised by Lace, including greater security, transaction bundling, and easy governance access.
Hoskinson’s statements come as proponents expect Lace to serve as an easy-to-use, feature-packed portal to the Cardano network that makes the ecosystem more accessible to millions of users.
At the time of writing, however, the wallet is only available as a browser extension on popular options like Chrome and Brave, with a promised mobile app presumably still in the pipeline.
#CryptoNews🚀🔥V
#Bitcoin ’s loss of the $94,000 support level has driven market-wide crypto liquidations to $242.21 million. However, unlike previous liquidation runs, the difference between long and short liquidations has significantly reduced.
Long-side liquidations total $128.98 million, while short-side liquidations account for $113.28 million.
Bitcoin Price Analysis
In the daily chart, BTC’s price action showcases an intraday pullback of 1.06%. Currently, Bitcoin is trading at $93,990, creating its fourth consecutive red candle.
Furthermore, as predicted in our last price analysis article, BTC price managed to create a doji candle with a lower price rejection from the 50-day EMA. This has increased the chances of a Morning Star pattern.
However, the intraday pullback limits the chances. Nevertheless, with Bitcoin sustaining above the 50-day EMA line, the chances of a comeback are still significant. BTC has witnessed lower price rejections and bounce-backs from levels above $90,000 multiple times in the last month.
However, the slowdown in bullish momentum has dropped the RSI line to 42.38 as it inches closer to the oversold boundary line. Hence, the technical indicator maintains a bearish outlook.
#CryptoNews🚀🔥V
Long-side liquidations total $128.98 million, while short-side liquidations account for $113.28 million.
Bitcoin Price Analysis
In the daily chart, BTC’s price action showcases an intraday pullback of 1.06%. Currently, Bitcoin is trading at $93,990, creating its fourth consecutive red candle.
Furthermore, as predicted in our last price analysis article, BTC price managed to create a doji candle with a lower price rejection from the 50-day EMA. This has increased the chances of a Morning Star pattern.
However, the intraday pullback limits the chances. Nevertheless, with Bitcoin sustaining above the 50-day EMA line, the chances of a comeback are still significant. BTC has witnessed lower price rejections and bounce-backs from levels above $90,000 multiple times in the last month.
However, the slowdown in bullish momentum has dropped the RSI line to 42.38 as it inches closer to the oversold boundary line. Hence, the technical indicator maintains a bearish outlook.
#CryptoNews🚀🔥V
#Bitcoin remains below the $100,000 level and struggles to sustain a position above the $95,000 support level. With a bearish closing on Sunday, the intraday uncertainty in Bitcoin might lead to a bearish conclusion if the institutional support fails to resurface.
Bitcoin Price Analysis
With a 2.17% drop on Sunday, Bitcoin concluded the last week on a bearish note. Starting from the quick reversal from its recent all-time high of $108,364, BTC’s price dropped nearly 9% last week.
This resulted in a massive bearish engulfing candle, undermining the recovery run over the past two weeks. BTC’s price has created a low of $92,118, testing the 50-day EMA line.
Currently, BTC sustains above the $94,000 support level, avoiding a bearish closing below it. At press time, BTC is trading at a price of $94,884, with a minor growth of 0.33%.
Creating a doji candle at a crucial support level increases BTC’s chances of a comeback. The potential turnaround moments could create a morning star pattern with a recovery on Tuesday.
However, the RSI line dropping under the halfway level warns of an underlying weakness.
#CryptoNews🚀🔥V
Bitcoin Price Analysis
With a 2.17% drop on Sunday, Bitcoin concluded the last week on a bearish note. Starting from the quick reversal from its recent all-time high of $108,364, BTC’s price dropped nearly 9% last week.
This resulted in a massive bearish engulfing candle, undermining the recovery run over the past two weeks. BTC’s price has created a low of $92,118, testing the 50-day EMA line.
Currently, BTC sustains above the $94,000 support level, avoiding a bearish closing below it. At press time, BTC is trading at a price of $94,884, with a minor growth of 0.33%.
Creating a doji candle at a crucial support level increases BTC’s chances of a comeback. The potential turnaround moments could create a morning star pattern with a recovery on Tuesday.
However, the RSI line dropping under the halfway level warns of an underlying weakness.
#CryptoNews🚀🔥V
"Dogecoin Eyes $18 Surge After 46% Drop: Historic Trends Back Its Next Big Move!"
A prominent market analyst sees #Dogecoin surging to a two-digit price, highlighting patterns from the 2017 and 2021 market cycles.
Read more on: https://thecryptobasic.com/2024/12/23/dogecoin-set-to-rally-to-18-despite-46-drop-heres-how-history-suggests-so/
#CryptoNews🚀🔥V
Read more on: https://thecryptobasic.com/2024/12/23/dogecoin-set-to-rally-to-18-despite-46-drop-heres-how-history-suggests-so/
#CryptoNews🚀🔥V
XRP: Ready for Takeoff? 🚀💎
Ripple just launched RLUSD, a stablecoin 🔥! Analysts predict XRP could reach $5-$7 by 2025 📈, fueled by ecosystem growth and potential SEC changes 👀.
Current price action suggests strong momentum—don’t miss the breakout! Short-term traders, watch for key levels!
#XRP #CryptoNews🚀🔥V $BTC $XRP
Ripple just launched RLUSD, a stablecoin 🔥! Analysts predict XRP could reach $5-$7 by 2025 📈, fueled by ecosystem growth and potential SEC changes 👀.
Current price action suggests strong momentum—don’t miss the breakout! Short-term traders, watch for key levels!
#XRP #CryptoNews🚀🔥V $BTC $XRP
𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬: 𝐌𝐄 𝐂𝐨𝐢𝐧 𝐃𝐞𝐛𝐮𝐭𝐬 𝐨𝐧 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 - 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐦
Binance, the world's premier cryptocurrency exchange, has officially listed ME Coin, generating significant buzz within the crypto community. Trading for ME Coin will kick off today, December 10, 2024, at 9:00 PM, presenting an exciting opportunity for investors to explore this innovative digital asset.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐌𝐄 𝐂𝐨𝐢𝐧?
ME Coin stands out as a revolutionary cryptocurrency designed to cater to diverse personal and professional applications. From purchasing goods and services to powering gaming ecosystems and other blockchain-driven solutions, ME Coin's wide-ranging utility positions it as a potential disruptor in the crypto space.
𝐊𝐞𝐲 𝐋𝐢𝐬𝐭𝐢𝐧𝐠 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
Trading Pair: ME/USDT
Trading Begins: December 10, 2024, at 9:00 PM
Deposits: Open and available now
Withdrawals: Accessible from December 12, 2024
Why Consider ME Coin?
ME Coin leverages blockchain technology to deliver secure, transparent, and efficient transactions. Its roadmap hints at strong long-term growth potential, making it a compelling choice for forward-thinking investors. Whether you’re drawn to its cutting-edge use cases or its promise of speedy, seamless transactions, ME Coin is worth a closer look.
Trading Tips for Success
1. Do Your Homework: Familiarize yourself with ME Coin’s mission, team, and technological foundation.
2. Use Risk Management Strategies: Incorporate stop-loss orders to safeguard your portfolio during periods of high volatility.
3. Stay Informed: Track market trends and price movements closely, as newly listed coins often see dramatic fluctuations.
The introduction of ME Coin on Binance offers a golden chance to diversify your portfolio with an emerging asset. As always, remember that investing in cryptocurrencies comes with inherent risks, so ensure thorough research and a sound strategy before diving in.
#ME_Coin #CryptoNews🚀🔥V #BinanceListing #NewCryptoOpportunity #InvestSmart
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐌𝐄 𝐂𝐨𝐢𝐧?
ME Coin stands out as a revolutionary cryptocurrency designed to cater to diverse personal and professional applications. From purchasing goods and services to powering gaming ecosystems and other blockchain-driven solutions, ME Coin's wide-ranging utility positions it as a potential disruptor in the crypto space.
𝐊𝐞𝐲 𝐋𝐢𝐬𝐭𝐢𝐧𝐠 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
Trading Pair: ME/USDT
Trading Begins: December 10, 2024, at 9:00 PM
Deposits: Open and available now
Withdrawals: Accessible from December 12, 2024
Why Consider ME Coin?
ME Coin leverages blockchain technology to deliver secure, transparent, and efficient transactions. Its roadmap hints at strong long-term growth potential, making it a compelling choice for forward-thinking investors. Whether you’re drawn to its cutting-edge use cases or its promise of speedy, seamless transactions, ME Coin is worth a closer look.
Trading Tips for Success
1. Do Your Homework: Familiarize yourself with ME Coin’s mission, team, and technological foundation.
2. Use Risk Management Strategies: Incorporate stop-loss orders to safeguard your portfolio during periods of high volatility.
3. Stay Informed: Track market trends and price movements closely, as newly listed coins often see dramatic fluctuations.
The introduction of ME Coin on Binance offers a golden chance to diversify your portfolio with an emerging asset. As always, remember that investing in cryptocurrencies comes with inherent risks, so ensure thorough research and a sound strategy before diving in.
#ME_Coin #CryptoNews🚀🔥V #BinanceListing #NewCryptoOpportunity #InvestSmart
Following the latest #Shiba Inu dump from a significant resistance, analysis shows the next demand zone the asset must hold for a price rebound.
The broader crypto market saw substantial downsides in the past 24 hours, catalyzed by Bitcoin’s brief fall to $94,000. Shiba Inu was not excluded from the capitulation, with the asset falling over 10% from its price in the past day.
In today’s news on Shiba Inu, a report shows that Shiba Inu’s slump was from a strong resistance area. Crypto Basic reported that the meme coin corrected from a multi-month supply zone around the $0.00003343 price mark, which an analyst showed was its 0.618 Fibonacci extension level.
Data from IntoTheBlock shows that the resistance level features 153,110 addresses holding 28 trillion SHIB at an average price of $0.000032. The supply from the price level proved insurmountable for Shiba Inu, spurring an over 10% correction.
Shiba Inu Approaching Key Support Level
Meanwhile, further analysis has shown the next major support area for Shiba Inu if the downtrend persists. Per data from IntoTheBlock, the price level is at $0.000022, where a large number of addresses hold a substantial amount of Shiba Inu, which is the token’s next local demand zone.
The analysis shows that 107,920 wallet addresses bought Shiba Inu between $0.000019 and $0.000024, with the average price converging at $0.000022. Notably, the addresses hold 119.55 trillion SHIB, which could be a strong buffer for further downward momentum.
Meanwhile, Shiba Inu trades at $0.00002687 and is still over 22% away from the primary support area. Notably, a sustained trade around the current price level could see the meme coin retest the failed resistance zone at $0.000032.
#CryptoNews🚀🔥V
The broader crypto market saw substantial downsides in the past 24 hours, catalyzed by Bitcoin’s brief fall to $94,000. Shiba Inu was not excluded from the capitulation, with the asset falling over 10% from its price in the past day.
In today’s news on Shiba Inu, a report shows that Shiba Inu’s slump was from a strong resistance area. Crypto Basic reported that the meme coin corrected from a multi-month supply zone around the $0.00003343 price mark, which an analyst showed was its 0.618 Fibonacci extension level.
Data from IntoTheBlock shows that the resistance level features 153,110 addresses holding 28 trillion SHIB at an average price of $0.000032. The supply from the price level proved insurmountable for Shiba Inu, spurring an over 10% correction.
Shiba Inu Approaching Key Support Level
Meanwhile, further analysis has shown the next major support area for Shiba Inu if the downtrend persists. Per data from IntoTheBlock, the price level is at $0.000022, where a large number of addresses hold a substantial amount of Shiba Inu, which is the token’s next local demand zone.
The analysis shows that 107,920 wallet addresses bought Shiba Inu between $0.000019 and $0.000024, with the average price converging at $0.000022. Notably, the addresses hold 119.55 trillion SHIB, which could be a strong buffer for further downward momentum.
Meanwhile, Shiba Inu trades at $0.00002687 and is still over 22% away from the primary support area. Notably, a sustained trade around the current price level could see the meme coin retest the failed resistance zone at $0.000032.
#CryptoNews🚀🔥V
#FTX approaches the end of its bankruptcy process as it unveils a new date for $16 billion reimbursement to creditors.
The FTX bankruptcy estate announced the development in a recent press release, noting that the court-approved Chapter 11 reorganization plan will take effect on January 3, 2025. Per the announcement, January 3 will also serve as the initial distribution record date for holders within the plan’s Convenience Classes.
Notably, FTX will commence initial repayment within 60 days of the effective date. In preparation for the distribution, FTX agreed with two prominent crypto exchanges, Kraken and BitGo. These trading platforms will oversee the distribution of the funds to eligible customers.
Preparation for Repayment
The announcement provided a guide on how customers and creditors will be eligible for the initial distribution. This includes completing a mandatory know-your-customer (KYC) verification process on the FTX Claims platform and submitting the necessary tax forms.
Afterward, these users must onboard to BitGo or Kraken before the January 3 effective date. Upon completing these requirements, FTX will commence the initial distribution within 60 days of the effective date of the court-approved reorganization plan.
The initial repayment will focus on creditors with claims under $50,000. Notably, these customers account for around 90% of all eligible creditors in FTX bankruptcy proceedings.
The system groups them under the Convenience Classes. After the initial distribution, FTX will announce separate records and payment dates for other classes in the future.
#CryptoNews🚀🔥V
The FTX bankruptcy estate announced the development in a recent press release, noting that the court-approved Chapter 11 reorganization plan will take effect on January 3, 2025. Per the announcement, January 3 will also serve as the initial distribution record date for holders within the plan’s Convenience Classes.
Notably, FTX will commence initial repayment within 60 days of the effective date. In preparation for the distribution, FTX agreed with two prominent crypto exchanges, Kraken and BitGo. These trading platforms will oversee the distribution of the funds to eligible customers.
Preparation for Repayment
The announcement provided a guide on how customers and creditors will be eligible for the initial distribution. This includes completing a mandatory know-your-customer (KYC) verification process on the FTX Claims platform and submitting the necessary tax forms.
Afterward, these users must onboard to BitGo or Kraken before the January 3 effective date. Upon completing these requirements, FTX will commence the initial distribution within 60 days of the effective date of the court-approved reorganization plan.
The initial repayment will focus on creditors with claims under $50,000. Notably, these customers account for around 90% of all eligible creditors in FTX bankruptcy proceedings.
The system groups them under the Convenience Classes. After the initial distribution, FTX will announce separate records and payment dates for other classes in the future.
#CryptoNews🚀🔥V
"Tron Price Surges to New All-Time High, Surpassing 2018 Record Above $0.24"
#Tron (TRX) achieves a historic milestone today, setting a new all-time high (ATH) record after its price spiked by over 16% in 24 hours.
Read more on: https://thecryptobasic.com/2024/12/03/tron-price-hits-new-ath-above-0-24-breaks-its-2018-record/
#CryptoNews🚀🔥V
Read more on: https://thecryptobasic.com/2024/12/03/tron-price-hits-new-ath-above-0-24-breaks-its-2018-record/
#CryptoNews🚀🔥V