Analysts have identified key support levels for Bitcoin: $63,970, $61,250, and $58,850. These levels are important as they can determine if Bitcoinâs price will bounce back or drop further.
If Bitcoin fails to reach $67,915 again, it suggests short-term weakness. If this continues, there could be a significant sell-off, potentially driving Bitcoinâs price down to $59,000 or even $51,000 before the next halving event.
Looking at historical trends, bull markets have typically extended into 2025, indicating potential for long-term growth. Despite short-term risks, current prices might attract medium-term investors seeking opportunities to enter the market.âŹ
Avalanche (AVAX) Has Announced A Partnership With Chainlink And ANZđĽ
Avalanche (AVAX) has announced its partnership with Chainlink and Australia and New Zealand Banking Group (ANZ) to explore tokenized assets.đ¸
New partnership news came from Avalanche (AVAX), the popular altcoin that Turkish investors follow closely.
At this point, Avalanche announced that it is collaborating with Chainlink and Australia and New Zealand Banking Group (ANZ) to explore tokenized assets.đ°
It was stated that the collaboration aims to connect the Avalanche network to Ethereum to enable the circulation and settlement of tokenized assets globally.
It was stated that within the scope of this cooperation, ANZ will benefit from Chainlinkâs blockchain interoperability solution, Cross-Chain Interoperability Protocol (CCIP).đ¤
PEPE Coin, which gained popularity in the previous year, has seen considerable growth alongside this yearâs Bitcoin rally, attracting new investors looking for quick profits in the cryptocurrency market. Despite the potential for significant gains, these meme coin investments carry a risk of substantial losses.
Recent Growth Trend of PEPE Coin:
The value of PEPE Coin has soared by about 63% since late February, hitting its all-time high at $0.00001084. This surge can be attributed to the bullish momentum of PEPE Coin investors and the influence of Bitcoinâs price fluctuations on the market.
Currently, the coin is trading at $0.00000793. Analysis of investment data reveals that tokens with an approximate combined value of $110 million were purchased at prices close to the all-time high, with over 15,300 addresses now holding these peak-cost tokens.
Market Projections for PEPE Coin:
The price of PEPE Coin now hovers just beneath the 50-day Exponential Moving Average, having lost the support level of $0.00000826. A sustained price above this level would be necessary for a positive outlook, while falling below could prompt quick selling by investors who bought near the peak.
If the market takes a downturn, PEPE Coin could fall to as low as $0.00000630 or even return to the starting point of the recent surge at $0.0000001, effectively eliminating the gains of the rally. Investors are closely watching for signs of which direction the market might take in the upcoming week.
Ethereum Price Decline: Ethereumâs correction movement, which started below the $3,350 region, paints a negative picture in the short term. Currently, the price is trading below $3,350 and the 100-hour Simple Moving Average.
Ethereumâs price, like Bitcoin, has recently been trending below the $3,550 and $3,500 levels and continues to stay in the short-term downtrend zone. This situation led to a decline below the support level of $3,350, causing ETH to experience further drops. Lastly, the pric
Enterprises Set to Adopt Dogecoin (DOGE) as a Means of Exchange
Much to the surprise of investors, Dogecoin (DOGE) has upheld its relevance. The meme coin has rallied better and left coins like Avalanche (AVAX) in its wake. With over $23B in market capitalization and an average trading volume of $4B, Dogecoin (DOGE) has cemented itself as a top cryptocurrency.
Elon Musk had fond things to say about Dogecoin (DOGE). At the Giga Berlin event, he hinted that Tesla could adopt Dogecoin (DOGE) as a means of payment soon. Later in his presentation, he also promised to support Dogecoin (DOGE) where others support Bitcoin (BTC). Dogecoin (DOGE) currently trades at around $0.16 apiece.
________________________________ Avalanche (AVAX) Communities Begin to Explore Options in 2024đĽ:
Avalanche (AVAX) is a friendly layer-one protocol that sets the foundation for decentralised apps (dApps) and custom blockchain creation. Since its launch in 2020, Avalanche (AVAX) has built a name from robust utilities and popularity. In March, Avalanche (AVAX) rode the global market wave to displace Shiba Inu (SHIB) for the 10th position in the market cap ranking.
Recently, some Avalanche (AVAX) community stakeholders have been looking to opt-out. Sources say Raffle Coin (RAFF) is atop their list and analysts have proven why. Despite trading around $54.56, a 27.49% increase from the previous month, Avalanche (AVAX) shows no signs of maintaining its growth. The AVAX token is popularly known for its up-and-down trend.
Bitcoin Takes a Dip Below $66,000 as Crypto Markets Retractđť
In recent developments, Bitcoin, the leading digital currency, experienced a significant drop, trading below the $66,000 mark. This decline has had a ripple effect, causing other cryptocurrencies to lose ground as well. Ethereum, for instance, saw its value decrease to $3,556. Similarly, Binance Coin (BNB) fell to $581, while Solana retracted from $190 to $179. Other cryptos such as ADA and XRP were trading at $0.66 and $0.60 respectively, with WIF being the most affected by the downturn, plunging over 22%.
The slump in Bitcoinâs value has not occurred in isolation, dragging down various altcoins in its wake. Major cryptocurrencies continue to echo Bitcoinâs trajectory, emphasizing their interconnected market dynamics. As investors and traders digest this setback, the entire crypto market is under scrutiny with predictions on its short-term direction.
Market Analysts Speculate Recovery:
Long-standing discussions about a Bitcoin correction seem to be materializing, as evidenced by todayâs downturn. The current dip represents about a 10% loss from recent highs, sparking debates on whether the downward trend will persist. Nevertheless, there is speculation that Bitcoin might bounce back and potentially climb towards the $70,000 threshold, should the buying momentum pick up again.
Despite this stumble, the sentiment around the potential for Bitcoinâs recovery remains cautiously optimistic among some market observers. They argue that the marketâs fundamentals could support an upturn, provided investor confidence stabilizes and external market conditions remain favorable.
Overall, the cryptocurrency market is standing at a critical juncture, with Bitcoinâs latest price movements triggering a broader reassessment of the digital asset space and its short-term outlook.
Mill$ions of SHIB Burned Amid Major Price CorrectionđĽ
Close to 30 million SHIB burned to ashes:
The aforementioned data source shows that within the last 24 hours, joined efforts of the SHIB army have helped to transfer a total of 28,709,351 SHIB meme coins to an unspendable blockchain address and out of the circulation supply for good. This has been achieved thanks to six transactions targeted at SHIB burn wallets. The largest two of them carried 21,657,489 and 6,824,773 SHIB.
SHIB stages major price correction:
Over the past two days, the second most popular meme cryptocurrency Shiba Inu has printed a massive decline in price, losing a tremendous 19.20%. The fall recorded over the last 24 hours constituted 13.17% from that value. After a recent peak when SHIB burned two zeros and hit the $0.00003 level, it has by now rebounded to trade at $0.00002811. The popular meme cryptocurrency has been following the major Bitcoin correction that began after the worldâs pioneer crypto hit a new historic peak two days ago, reaching $73,750. By now, Bitcoin has plunged to the $68,321 price mark.largest
Ether.fi will adjust token allocation following community complaintsđĽ
Ether.fi, the largest liquid restaking protocol on Ethereum, has announced plans for its upcoming airdrop of governance tokens.
The token, named ETHFI, will have a total supply of 1 billion tokens, with an initial circulating supply of 115.2 million tokens. The airdrop's first stage, entitled Season 1, will release 6% of the total token supply and covers behavior up to March 15. Season 2 will release 5% of the remaining tokens and covers behavior from March 15 to an unspecified future date. The
What is ETHFIđĽand the importance of this project + price prediction:
Ether.fi (ETHFI) is a relatively new cryptocurrency project (as of March 13, 2024) focused on decentralized staking, aiming to simplify staking and potentially increase its accessibility. Here's a breakdown of its importance and current status:
Decentralized Staking: ETHFI offers a non-custodial staking solution, meaning users retain control of their cryptocurrency while staking. This is important because it avoids the risks associated with centralized staking platforms. Liquid Staking: ETHFI
Binance has provided valuable insights and reviews on the Venom Blockchain, highlighting its innovative features and potential impact in the blockchain space. Here are some key points:
1. Scalability and Innovation: Binance acknowledges Venom as a multi-blockchain network designed to enhance scalability. The network's asynchronous architecture ensures high scalability, low costs, and fast transactions, making it an attractive choice for users and developers.
2. Unique Features: Venom Network is recognized for its unique features, including a Layer 0 blockchain with dynamic sharding that supports high transaction speeds of over 100,000 transactions per second at minimal transaction fees. The network's robust system design and asynchronous blockchain technology contribute to its scalability and efficiency.
3. Ecosystem and Applications: The Venom Blockchain offers a diverse ecosystem of decentralized applications (dApps) for users to explore. These applications include a non-custodial wallet, dApp explorer, grants, asset swapping, liquidity provision, farming assets, and interchain transactions. The network also features a native platform cryptocurrency called the VENOM token.
4. Regulatory Compliance: The Venom Foundation behind the blockchain project has demonstrated a commitment to compliance with regulatory frameworks, ensuring a secure environment for retail customers, institutions, and sovereign states.
5. Future Outlook: Binance recognizes Venom as a promising player in the blockchain space due to its focus on scalability, user experience, low transaction costs, security, and regulatory compliance. With a dedicated team driving innovation and improvement, Venom is well-positioned to grow and establish itself as a leader in the industry.
Overall, Binance's coverage of the Venom Blockchain underscores its potential to address scalability issues in blockchain technology while offering innovative solutions for users and developers alike.
Binance doesn't publicly announce the next project for its Launchpad or Launchpool platforms. This helps prevent market manipulation and ensures a fair launch process.
However, you can stay informed about potential upcoming projects on Binance Launchpad in a few ways:
1. Binance Announcements: Keep an eye on the Binance website's announcements section binance announcement or their social media channels for official announcements about new Launchpad projects.
2. Industry News and Rumors:Follow cryptocurrency news websites and forums to stay updated on rumors and speculation about potential upcoming Binance Launchpad projects. However, be cautious about such information, as it might be unverified or misleading.
Here are some resources that might be helpful:
* Binance Launchpad Articles: binance launchpad coininfo launch This page might not explicitly mention upcoming projects, but it provides general information about Launchpad.
* Top Crypto Launchpads: Gain idea This article discusses launchpads in general, but it might give you an idea of where to look for upcoming projects.