TL;DR Dogecoin (DOGE) is up 5% daily with one analyst predicting a significant rally based on historical patterns. Some important metrics, such as the Relative Strength Index (RSI), also indicate a potential upcoming uptrend. Not Selling a Single Coin The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – performed quite well […]
TL;DR XRP has seen a substantial price increase in the past month, with analysts predicting further gains if key price levels are surpassed. Factors supporting a potential rise include a favorable RSI, high open interest in derivatives, and possible developments in the Ripple v SEC lawsuit. What’s Next for XRP? Ripple’s XRP is one of […]
The XRP rally appears to be taking a pause. Will bears return? Key Support levels: $0.54 Key Resistance levels: $0.68 1. Rally on Hold In the past few days, XRP failed to make a higher high which could give an opportunity for sellers to return. At the time of this post, buyers still managed to […]
The second-largest meme coin in terms of market capitalization—Shiba Inu (SHIB)—has been underperforming lately, with its price slipping by 9% on a weekly basis (Coingecko’s data). In the following lines, though, we will outline some important factors and indicators that suggest that a fresh resurgence could be in the cards. The Burn Rate The Shiba […]
TL;DR Ripple’s XRP has surged 40% in two weeks, now trading above $0.60, with analysts predicting further gains up to $8 or more. Key metrics like daily transactions and open interest are up, indicating strong market participation, though some traders remain skeptical about a major rally. Where’s XRP Headed? Ripple’s XRP has been on a […]
TL;DR President Joe Biden said he will not compete in the US presidential elections, endorsing vice president Kamala Harris as the Democratic nominee, with significant party support. The disclosure caused volatility in the cryptocurrency market, with Biden-related meme coins dropping and a Harris-related token surging by nearly 90%. The Biden Effect The current President of […]
The first half of 2024 was more than successful for Bitcoin (BTC), whose price reached an all-time high of over $73,500 in mid-March. It currently trades for an increase of around 115% on a yearly scale. In the following lines, we will touch upon some essential factors and upcoming events that could push BTC to […]
TL;DR Ripple’s XRP has surged above $0.60, with a market cap of over $34 billion, making it the sixth-largest cryptocurrency. Future growth depends on several elements, one of which is the eventual outcome of the lawsuit against the US SEC. The Necessary Conditions Ripple’s XRP has been among the top-performing cryptocurrencies lately, with its price […]
TL;DR Shiba Inu saw a 450% increase in its burn rate and a significant rise in whale activity with daily transaction volumes nearing $900 million. Despite the recent correction, SHIB’s price is up 125% over the past year, with 52% of holders in profit. The Indicators’ Resurgence Despite experiencing a daily price correction of around […]
TL;DR Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards. The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform. ‘Battle of the Meme’ The world’s largest cryptocurrency exchange – Binance – introduced an interesting […]