A prominent crypto whale has lost more than $32 million worth of tokens after signing a malicious transaction, according to blockchain security service ScamSniffer. The breach targeted the victim’s wallet through Spark’s decentralized finance (DeFi) platform and resulted in the theft of 12.083 wrapped ether (spWETH) tokens. At present prices, the stolen tokens amount to
The XRP price has experienced a notable surge, rising over 6% today, capturing the market’s attention. Investors’ optimism is also evident as the XRP Futures Open Interest shows positive sentiment
The XRP community has gone into a frenzy about a possible XRP price following a tweet by the digital currency platform Uphold that hinted at nothing but “XRP just hit $1,000. What are you tweeting?” This unsurprisingly drove excitement but also raised eyebrows in skeptical crypto circles where such predictions do not go without heated The post Is a $1,000 XRP Price Possible? Here’s What Experts Say appeared first on CoinGape .
The cryptocurrency market has been on a red-hot streak in the past week, with most large-cap assets posting significant gains. The Maker (MKR) token is another one of the assets enjoying a positive week, with the DeFi (decentralized finance) coin recording a 12% price increase in the last seven days. Analyst Forecasts $1,850 Target For Maker Price In a recent post on the X platform, prominent crypto analyst Ali Martinez has put forward an exciting outlook for the price of Maker over the next few weeks. According to the crypto pundit, the token appears to be gearing up for a bullish breakout soon. Related Reading: Render (RENDER) Shows 23% Surge As Sharks & Whales Continue To Buy The rationale behind this bullish projection is the chart formation of an inverse head-and-shoulders pattern on the four-hour timeframe. For context, the inverse head-and-shoulders pattern is a technical analysis formation characterized by three distinct troughs; a lower “head” between two higher “shoulders”. This chart often indicates a potential bullish reversal, where there is a shift from a downward trend to an uptrend. This trend reversal is confirmed when the price breaks above the neckline, which is a trendline connecting the peaks from the head-and-shoulders pattern. As shown in the highlighted chart, the Maker price has only just successfully broken above the neckline and appears to be retesting the trendline. Martinez noted that this breakout seems like a precursor to a 12% rally that would see the DeFi coin reclaim the $1,850 level. In a separate post on X, Martinez shared another bullish analysis for the price of MKR. This latest projection is based on the Tom Demark (TD) Sequential indicator, which is used in technical analysis to identify potential points of trend exhaustion and price reversal. According to Martinez, the TD Sequential has flashed four buy signals on the Maker three-day chart. This observation combined with the bullish breakout from the head-and-shoulders neckline suggests that a huge rally might be on the horizon. One of the leading tokens in the #RWA sector, #Maker $MKR, is gearing up for a bullish breakout! The TD Sequential indicator has flashed four buy signals on the 3-day chart, suggesting it’s time to accumulate #MKR before it moons! pic.twitter.com/wfyayhB5rX — Ali (@ali_charts) September 27, 2024 Martinez hinted that this might be a critical period for accumulating the Maker token before its value skyrockets. Moreover, the cryptocurrency market, specifically the altcoin sector, appears to be veering towards an optimistic climate in the past few weeks. MKR Price At A Glance As of this writing, the price of Maker stands at around $1,691, reflecting a 5% increase in the past day. Related Reading: DogWifHat Whale Doubling Down, Buys More WIF: All-Time High Incoming? Featured image from iStock, chart from TradingView
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Boss Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Boss Trump (BOSSTRUM), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because BOSSTRUM is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Boss Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
The recent rally in the XRP price has gained notable attention, with the crypto crossing the $0.62 mark recently. This surge has sparked investors’ optimism, especially after Ripple’s native crypto has noted volatile trading over the past few weeks. However, this uptick move has also fueled discussions among some traders over the potential reasons behind The post Why Is XRP Price Skyrocketing Above Major Price Levels? appeared first on CoinGape .