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Bitcoin, the leading cryptocurrency, continues to surprise traders and investors worldwide with its volatile and often unpredictable price movements. In a recent comprehensive Analysis conducted by Alessio Rastani, a well-known and respected YouTuber and expert financial analyst, Bitcoin’s chart patterns were analyzed, offering valuable insights into potential market directions. Since the onset of March, Bitcoin has been ensnared in a consolidating sideways movement, a pattern that bears resemblance to a corrective ABC structure. Interestingly, Ethereum, another leading cryptocurrency, has mirrored similar behavior, suggesting a broader market trend rather than an isolated occurrence. Despite this consolidation, both Bitcoin and Ethereum have managed to cling above their respective April lows, a pivotal level of support that has garnered significant attention among traders and analysts alike. Trader and analyst Alessio Rastani, renowned for his expertise in Dow Theory, delved into a

EigenLayer is allocating 15% of its total EIGEN token supply of 1.67 billion tokens to the community through an airdrop that is drawing mixed reactions. EigenLayer will be launching its native token, EIGEN, in May. Under the distribution plan, 45% of the tokens will go to the community. There will also be 29.5% going to investors with the remaining 25.5% allocated to early contributors. Today the @eigenfoundation introduces EIGEN, based on research by @eigen_labs, alongside a Season 1 Stakedrop. EIGEN is the Universal Intersubjective Work Token, complementing ETH as the Universal Objective Work Token in EigenLayer. See the full Eigen Foundation announcement: https://t.co/ZxswOiwWyR — EigenLayer (@eigenlayer) April 29, 2024 The airdrop will occur in “seasons,” EigenLayer said in a blog post. During the first season, 5% of the token supply will be distributed based on a snapshot of staking activities captured on March 15. Ninety percent of these tokens can be claimed on May 10,

Meme coins have risen to prominence in the crypto sector since the beginning of the year. Early investors have seen substantial returns from this surge. While the meme coins have recently experienced relative stability, the post-Bitcoin halving event has seen these tokens post exponential price growth.   In light of this, market participants seek new meme coins to add to their portfolio. This Analysis curates a list of such, including their market viability. New Meme Coins To Invest In Today Dogeverse’s presale offering recently surpassed $12,333,923.34. As it nears its target, it continues to see a growing market interest. This sentiment signals a potential opportunity for investors to enter the presale now at 0.000304. Moreover, the token allows staking and promises a high APY.  Moreover, Bitcoin (BTC) , which set an ATH of $73,750 in March, recently pulled back sharply. The token is now trading below $62,000. However, year to date, it has surged 47.4%, which demonstrates the r

The crow with knife price has surged 25% in the last 24 hours and 455% over the past week to trade at $0.00000007843 as of 7:05 a.m. EST. Crow With Knife Price Consolidates On Strong Support Zone The longer-term decline in the price of Crow With Knife from its peak of $0.000000123 has led to a consolidation phase with a support zone around $0.00000009537, giving bullish investors the confidence to regroup. The support indicates strong resilience, allowing the bulls to rebound and reach its previous high of $0.0000001215. CAWUSDT Analysis . Source: Tradingview.com The price indicators are looking positive, showing signs of a potential trend reversal. The price is trading just below the 50 and 200 simple moving averages (SMA). But if the bulls gather enough momentum, they could drive the price up, confirming the expected rally above the averages and recovering previous losses. While the Relative Strength Index (RSI) indicates a downward trend from the neutral level of 50, there a

The Dede price has gone ballistic, surging 61% in the last 24 hours to trade at $0.0000000165 as of 12:35 a.m. EST. Dede Price Rebounds On A Strong Support Zone After a significant drop from its peak of $0.00000002915, the Dede price is bouncing back, with a support zone around $0.000000007329, giving bullish investors the confidence to push the price up.  Despite the dip, optimistic investors have demonstrated resilience, driving the price from the support level of $0.000000007329 back to its previous all-time high of $0.00000001540. Source: Dextools.io The price indicators show positive signs as the price is currently above the 50 and 21 simple moving averages(SMA). A further push upwards could confirm the expected rally above the 200 SMA, helping the bulls push the price higher to reclaim losses. Additionally, the Relative Strength Index (RSI) has bounced back from 30 oversold level to 70. However, the current move indicates a brief downtrend to the midline level 50. If the

Ethereum (ETH) rival Solana (SOL) is seeing a “dramatic increase” in professional investor allocations this year, according to a new survey conducted by the digital assets manager CoinShares. CoinShares polled 64 investors worldwide who cover a combined $600 billion worth of assets under management. The respondents include different investor types including wealth managers, hedge funds, institutions, family offices, financial advisors and individual investors. Explains CoinShares, “Investors have been broadening their exposure to altcoins, with Solana seeing a dramatic increase in allocations. Looking through the survey responses, this is due to a few large investors allocating, carrying more weight in the survey. XRP has seen a significant decline, with none of the survey respondents holding it now.”   Source: CoinShares Digital assets represented an average of 3% of the respondents’ portfolios, the highest weighting since CoinShares’ survey began in 2021.

The Super Trump price has pumped 35% over the last 24 hours to trade at $0.004866 as of 2:00 a.m. EST to rank 8th among top trending cryptos on CoinMarketCap. Snap | Source: CoinMarketCap   Super Trump Price Prediction: What Do The Charts Say? Analysing Super Trump price charts, we notice it has recently retested a significant resistance zone, marked by the red horizontal lines at the top. The Super Trump price is now retreating from this resistance zone, which suggests that the selling pressure remains significant at the price level. We could see a fallback to previous support levels if the selling pressure remains consistent. Looking at technical indicators, we notice that the Money Flow Index (MFI) is at 88.39, which is the overbought territory. This could imply that the market for Super Trump may be overextended to the upside, and a pullback or consolidation might follow. The Moving Average Convergence Divergence (MACD) shows the blue line crossing above the orange signal

Apr 26, 2024 at 13:44 // Price Author Coin Idol Polygon's (MATIC) decline has persisted above the $0.63 support while remaining below the moving average lines. Price Analysis by Coinidol.com. Long-term Polygon price prediction: bearish The cryptocurrency recovered from its previous downtrend before posting another decline. MATIC rose to $1.28 before falling again. Polygon fell to a low of $0.59 before recovering. Selling pressure has eased as the bulls have halted the decline above the $0.63 support.  Polygon is currently in a sideways trend

Meme coins have undoubtedly taken the crypto -verse by storm. These assets have managed to appeal to both newcomers as well as seasoned traders. Notably, Pepe Coin (PEPE) on the Ethereum blockchain has showcased resilience and impressive growth despite market volatility. With April coming to an end, attention has shifted towards the meme coin sector. PEPE for one, has captured the attention of investors. The asset witnessed a 53% surge throughout the past week. This sudden rise was linked to its listing on Coinbase International Exchange and Coinbase Advanced. Therefore, the market sentiment around this asset remains optimistic. At press time, PEPE was trading at around $0.000007525. Succumbing to the overall market sentiment the meme coin was enduring a 6% daily drop. According to Changelly, PEPE is expected to shift this momentum towards the last week of April. The forecasted price of the asset currently stands at $0.00001119 on April 30. This projection further represents a stagg

In a recent video, well-known YouTuber Steve from Crypto Crew University discusses the Pi Cycle Top Indicator and its implications on the crypto market movements. This indicator has gained attention due to its historical accuracy in predicting the peaks of Bitcoin’s market cycles. Understanding the Pi Cycle Top Indicator The Pi Cycle Top Indicator involves two key moving averages: the 350-day and the 111-day, represented in green and yellow respectively. Historically, the crossing of the 350-day moving average by the 111-day moving average (yellow line crossing above the green line) has signaled the market cycle’s peak. This pattern was evident in several previous Bitcoin cycles, including significant years like 2017 and prior cycles. For instance, in 2021, the yellow line crossed the green line right at the market cycle top, mirroring the movements observed in 2017 and earlier cycles. This consistency across different cycles provides a compelling narrative about the indicator’s rel

One savvy memecoin trader is attracting attention for having turned $8,524 into $12,800,000 within weeks. According to blockchain tracking firm Lookonchain, one trader is looking at massive profits after buying and selling memecoin Pepe (PEPE). “jwynn.eth (@JamesWynnReal) spent $8,524 to buy 2.83 trillion PEPE in the early stage and sold 1.81 trillion PEPE for $4.57 million. He currently holds 1.02 trillion PEPE ($8.25 million) in three wallets. The total profit on PEPE is ~$12.8 million, a gain of 1,503x!” Lookonchain also noticed another smart trader made off with big gains by trading Book of Meme (BOME), a newer memecoin launched on Solana (SOL). “This trader made over $2 million by trading memecoins! Not an insider! Let’s see how real traders trade memecoins… He made the most money on BOME, earning more than 6,495 SOL ($1.23 million). He spent 300 SOL to buy BOME and sold it for 6,795 SOL. After Binance announced the listing of BOME, he spent 3,000 SOL to b

Non-fungible token (NFT) aggregator Rarible has plans to cease aggregating orders from marketplaces OpenSea, LooksRare, and X2Y2. The decision comes after OpenSea decided to shift to an optional royalty model. On Thursday, August 17, OpenSea disclosed that royalties – pay cuts from secondary sales – will become optional for new NFT collections after August 31, 2023. Meanwhile, royalty fees for NFT collections that currently utilize the Operator Filter – a feature that enforces creator royalties – will become optional after February 29, 2024. Although the optional royalty model has always been a source of debate in the NFT community, many marketplaces embrace it – with X2Y2 and LooksRare introducing zero royalty fees for artists as far back as 2022. Rarible Throws Support Behind NFT Creators And Artists On Tuesday,

Ethereum (ETH) is the second-largest cryptocurrency by market cap and is now back in the spotlight with increased institutional interest. As traditional finance money flows into the Ethereum ecosystem, Finbold selected two of the best ERC-20 token s to consider investing. The finance behemoth BlackRock (NYSE: BLK) has turned its eyes to the token ization of real-world assets (RWA). For that, BlackRock has already reserved an initial investment of $100 million, currently held in USDC on Ethereum. Meanwhile, an Ethereum spot ETF will start trading in Hong Kong on April 30 following higher regulatory clarity and approval. Picks for you How rich is "The Baddest Man on the Planet" – Mike Tyson's net worth revealed 1 hour ago AI builds the ideal crypto portfolio for May, 2024 1 hour ago Sell-off alert: Caution advised as Bitcoin resistance persists 2 hours ago 2,000 Bitcoin ATMs installed in 2024 2 hours ago This institutional activity