However, the situation may not be as optimistic as it seems. Recent market activity suggests that Dogecoin might be facing significant resistance, potentially driving its price lower. Dogecoin Is Leaning in Favor of the Bears The market sentiment around Dogecoin is currently strongly bearish, as indicated by the MVRV (Market…
Meme coins, driven by viral internet memes and social media hype, have surged in popularity despite their often lack of utility. Coins like Dogecoin and Shiba Inu have reached astonishing valuations, making them some of the highest valued projects in crypto. Their popularity stems from factors such as social media-driven…
Recently, concerns have surfaced that ETH could enter a bear cycle. While this is possible, an on-chain analysis suggests how the cryptocurrency might avoid capitulation. Ethereum Has Strong Support Based on the In/out of Money Around Price (IOMAP), a metric that classifies addresses into those in profits, in loss, and…
While many of the top 10 altcoins saw only modest gains, others captured significant market attention. This week’s standout performers include Quant (QNT), Fetch.ai (FET), and Fantom (FTM), which emerged as the biggest altcoin gainers. Quant (QNT) Quant (QNT) is one of the biggest altcoin gainers, as its price climbed…
This development has sparked speculation about a possible XRP Exchange Traded Fund (ETF) in the US. Here’s how the altcoin’s price could react as this sentiment continues to unfold. Ripple ETF Rumors Spread On September 12, Grayscale, one of the largest digital asset investment managers globally, announced the launch of…
These upswings could be linked to notable developments related to OpenAI. Here are the top 3 AI coins that outperformed the rest in the second week of September 2024. NodeAI (GPU) NodeAI, a decentralized platform offering access to AI resources and GPUs, uses blockchain technology to allow users to tap…
As a result, investors are questioning whether cryptocurrency still serves as a hedge against inflation compared to traditional assets. This on-chain analysis explores in detail whether BTC will continue to lag behind or if its status as a safe haven remains intact. Bitcoin Falls Behind Gold, Others Bitcoin’s price is…
However, if a consistent price increase occurs, the meme coin might also benefit from it. Here is how. Shiba Inu Continues to Struggle with FUD n March, Shiba Inu’s price surged to a yearly high of $0.000035, generating excitement as other altcoins saw similar gains. However, the meme coin’s value…
While the potential move to the price above remains an option, this on-chain analysis explains why it could take longer than anticipated. New Concerns Emerge for Chainlink On Tuesday, September 11, Chainlink’s Sharpe ratio was nearing a higher level. However, as of now, the ratio, which measures whether the risk…
At press time, PEPE’s market value sits at $0.0000073. As sellers begin to take control, the coin’s bullish momentum faces serious challenges, signaling a potential downturn in its price trend. Pepe Now at Make or Mar Position On the 4-hour chart, PEPE is trading near the 20 and 50-day Exponential…