ENA and AVAX are drawing attention as the market shows promising signs. Investors are closely observing these cryptocurrencies for potential breakthroughs. Could these be the next big winners in the crypto space? Readers will explore which coins are positioned for growth amid the current green trends. Ethena Price Action: Short-Term Surge Amid Long-Term Correction The past month ENA showed a strong upturn with a 33.29% gain and an impressive 38.05% boost in one week; however, over the past six months, the coin slipped by 36.28%. Such numbers suggest a period of vigorous short-term recovery contrasting with the longer-term downward pressure. Recent price behavior reflects rapid bursts of momentum despite a challenging half-year backdrop. Current price levels hover near resistance at $0.45 and support at $0.18, with key markers at $0.59 and $0.05 respectively. Bulls have pushed the price higher recently, as indicated by an RSI of 64.10 and positive momentum signals, though the overall trend remains unsettled. Traders might consider buying near support while keeping an eye out for a breakout past resistance. Avalanche Market Snapshot: Month Surge Amid Six-Month Decline AVAX past month performance shows a strong upward movement with a 36.87% price increase and a notable 22.25% boost in the past week. Over the last six months, the coin experienced a 29.87% decline, indicating a reversal from recent gains. This mixed history reflects a sharp short-term recovery set against a longer-term downturn. Current pricing trades in a range between roughly $16 to $24 with immediate resistance at $27.94 and support at $11.14. Bulls appear to be pushing prices upward, but a clear trend has yet to form. Traders may explore buying near the lower support while watching for breakouts toward resistance, with the second levels at $36.34 and $2.73 serving as broader market guides. Conclusion ENA and AVAX show promise as the market trends upward. Historical data reveals potential for growth. Investor interest is also on the rise, increasing their market presence. These factors suggest that both coins could see significant future gains. Whether they will be the next major success stories remains to be seen. The coming weeks will be crucial to watch. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
In a recent update from COINOTAG dated May 11th, on-chain analyst Yujin highlights a troubling trend for short-sellers in the Ethereum market. The analysis indicates that attempts to short **ETH**
BNB closely mimics Bitcoin and Ethereum, bolstering Binance's ecosystem trust. BNB's core value drivers and ETF applications support its long-term success. Continue Reading: See BNB Surge as Crypto Factors Align! The post See BNB Surge as Crypto Factors Align! appeared first on COINTURK NEWS .
The post Pi Network Price Crosses $1 Mark: How to Mine Pi Coins? appeared first on Coinpedia Fintech News Pi Coin has gained an impressive 51% in the last 24 hours and with rumors of possible listing news and exciting updates, Pi is definitely gearing up for a bigger move ahead. Additionally, Pi Network has made it incredibly easy to mine crypto from just your smartphone. Here’s how you can get started: The Pi Mining app is the main app for Pi Network , available on both iOS and Android. Users can sign up, mine Pi, get updates, join community activities, and interact with others every day. How to Start Mining Pi Coins 1. Download the Pi Network App from the App Store (iOS) or Google Play (Android). 2. Sign Up and Verify Your Account Register with your phone number or Facebook account, choose a password, and verify your identity through phone or email. 3. Enter an Invitation Code Pi Network operates on an invite-only system. So you will need a referral code from someone already in the network. Once you join, you create an earning team of one with just your inviter on the team. Important: The size of your inviter’s earning team has no impact on your mining rate. Some claim that joining their large earning teams will increase your earnings, but this is misleading. Note that your mining rate depends solely on your network, not theirs. 4. Start Mining Finally, you can start mining by tapping the lightning bolt “ ”. Mining sessions last 24 hours, so you will need to tap it every day to keep earning Pi. 5. Build Your Security Circle After 3 days of mining, you can boost your rate by adding your trusted people to your Circle. This will boost your network and increase your earnings. 6. Invite Friends to Boost Your Earnings Next, invite friends with your referral code to grow your network. The more the number of people in your team, the higher your mining rate. Also, locking up your Pi for a set period can boost your earnings, and using apps on the Pi Browser or running a Node can add more rewards. How Pi Mining Works- Pi mining relies on a unique system called Proof-of-Engagement. You will need to show that you are an active user by tapping the mining button daily, which will help keep bots and fake accounts away. Further, instead of using energy-intensive proof systems, Pi Network builds trust through Security Circles, which help keep the network secure and prevent fraud. When it was first launched, Pi’s mining rate was high, but it has since dropped as more people joined in. It started at 3.14 Pi per hour, but as of 2025, the base mining rate for Pi Network is approximately 0.0030 Pi per hour. Before using or transferring Pi, a KYC verification pass is needed. It usually requires a government-issued ID and is similar to the verification process on most crypto exchanges.
US White House Economic Advisor Kevin Hassett stated in his statements on the Fox News Sunday Morning Futures program that Commerce Secretary Howard Lutnick and US Trade Representative Greer are working on approximately 24 trade agreements. Hassett said China was “very keen” to rebalance its trade relationship with the US and begin talks. He also said new trade deals could be announced this week. Meanwhile, Hong Kong Chief Executive John Lee said at a market briefing held by the Qatar branch of Standard Chartered Bank that the current tariff war creates uncertainties, but at the same time, the new order offers opportunities. Related News: Analysis Firm Shares Major Bullish Prediction for Ethereum: “In a Scenario Where Bitcoin Reaches $300,000, ETH...” Top Chinese and U.S. trade officials held high-stakes talks over the weekend to try to ease a trade war that has disrupted global supply chains and triggered concerns of a prolonged economic downturn, with the world watching the outcome closely. Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer resumed talks in Geneva, Switzerland, shortly after 10 a.m. local time on Sunday, according to Agence France-Presse. The meeting, the first high-level talks between the world's two largest economies amid an unprecedented trade war in which both sides have slapped import tariffs above 100 percent, came after eight hours of talks behind closed doors on Saturday. *This is not investment advice. Continue Reading: US White House Economic Advisor Provides Latest Update on Tariff Talks with China
The biggest bank in the US reportedly says that a recent strategy to bet against emerging market (EM) currencies hasn’t worked out. Following President Donald Trump’s “Liberation Day” on April 2nd, JPMorgan Chase provided clients with a trade idea that involved flipping bearish on emerging market currencies, Bloomberg reports . Say JPMorgan strategists in a note, “Our UW (underweight) has not worked… We see sufficient arguments that EM FX (foreign exchange) will not weaken versus the USD in the coming period.” Bloomberg data shows that at least 14 different emerging market currencies have outrun the dollar since April 2nd, with the Taiwanese dollar (TWD) being the strongest performer of all. Source: Bloomberg Strategists at the bank reportedly anticipated that President Trump’s tariffs would put pressure on foreign markets’ currencies, but failed to see that there would also be a shift away from US assets and therefore a weakening of the dollar. JPMorgan analysts have since double-upgraded their stance on Asian currencies and have now switched to an overweight positioning from underweight. And currently, according to Bloomberg, the bank is bullish on the Malaysian ringgit (MYR) while expecting the Chinese Yuan (CNY) to hold steady. Last month, JPMorgan raised the odds of a global recession from 40% to 60% amid President Trump’s trade war. Mislav Matejka, the head of global and European equity strategy at JPMorgan, reportedly said investors appear to be overly bullish on US equities despite elevated recession risks and trade uncertainty. Matejka says that, unlike in the past, US stocks are no longer a “good place to hide in” amid an economic downturn. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase Admits Being Caught Offside on Emerging Market Currency Trade Amid US Dollar Weakness: Report appeared first on The Daily Hodl .
Cryptocurrencies will be in the spotlight this week as the market focuses on the ongoing trade talks between the U.S. and China, new consumer inflation data, and the Consensus event in Toronto. The crypto market enters the week on a high note, with Bitcoin ( BTC ) and most altcoins being in a bull market after rising by over 20% from their lowest levels in April and the fear and greed index being in the greed zone. Some of the top cryptocurrencies to watch will be Pi Network ( PI ), Ethereum ( ETH ), and Solayer (LAYER). Ethereum Ethereum price surged last week after the developers implemented the Pectra upgrade that introduced 11 improvement proposals on areas like account abstraction, validator balances, blob throughput, and validator deposits and withdrawals. ETH will be in the spotlight this week as investors assess whether the rally will continue. Continuation of this trend would lead to higher prices for most ERC tokens like Pepe ( PEPE ), Shiba Inu ( SHIB ), and Uniswap ( UNI ). The daily chart shows that Ethereum price jumped above the key resistance level at $2,132, the neckline of the double-top pattern at $4,085. It also jumped above the 50-day and 100-day moving averages. While the rally may continue, there is also a risk that the coin will drop, retest $2,132, and then resume the uptrend. This performance is known as a break-and-retest and is one of the most bullish signs of continuation. ETH price chart | Source: crypto.news You might also like: A 90-year-old theory suggests the Pi Network price may surge soon Pi Network The Pi Network price went parabolic as we predicted last week here and here . It soared to a high of $1.0670, its highest level since March 21, and 158% above its lowest point in April. Pi Network will be in focus because of the upcoming Consensus event in Toronto, where the core team has promised a major announcement. Speculation is that Pi will announce an exchange listing by one or more large exchanges. Other potential news will be project partnerships, changes on tokenomics, or an ecosystem fund to incentivize creators on its network. Therefore, there is a likelihood that the Pi Coin price will keep surging ahead of the announcement. A potential target in all this is $1.8, the highest swing on March 13. Pi Network price chart | Source: crypto.news Solayer Solayer, a staking network on Solana ( SOL ), missed the recent crypto rally as its price plunged to $1.2 from a high of $3.35. This crash mirrored the recent Mantra price plunge , which was blamed on forced liquidations and insider sales. You might also like: ‘Trust is gone’: Mantra price languishes ahead of CEO speech Solayer price will be spotlighted as the network implements another token unlock. On Monday, it will unlock tokens worth $32 million. $21 million of these tokens will go to the community, while the rest will go to the foundation. Solayer has more token unlocks as it has a circulating supply of 210 million LAYER tokens against a total supply of 1 billion. Token unlocks are seen as highly bearish since they introduce new coins into the market. Some of the other unlocks to watch this week are Morpho, Aptos, Pendle, WhiteBit, and Arbitrum. Read more: Solayer price crashes 62% in 2 days — what happened?
Ash Crypto, a well-known cryptocurrency analyst, has made a striking prediction on X regarding Ethereum (ETH). According to Ash Crypto, if ETH manages to close above the critical $2,500 mark, it could rapidly soar to $2,800. This bold statement has stirred excitement among the crypto community, especially among Ethereum investors and altcoin enthusiasts. The Significance of the $2,500 Threshold The $2,500 price level has been a significant resistance point for Ethereum, as the coin has struggled to maintain upward momentum each time it approached this threshold. Breaking and sustaining a close above this price could signal strong bullish sentiment , potentially leading to a swift rally toward the next major resistance at $2,800. IF $ETH CLOSES ABOVE $2,500 IT WILL FLY TO $2,800 IN NO TIME AND ALTCOINS WILL EXPLODE — Ash Crypto (@Ashcryptoreal) May 11, 2025 Why Could ETH Surge to $2,800? If Ethereum closes above $2,500, it could set off a buying frenzy, driven by both retail and institutional investors. Historically, breaching key resistance levels often triggers rapid price movements as traders rush to capitalize on the momentum. Additionally, positive market sentiment and favorable macroeconomic conditions could further amplify the rally. The Impact on Altcoins Ash Crypto also pointed out that a successful break above $2,500 for ETH could have far-reaching effects on the broader altcoin market. Ethereum often acts as a catalyst for altcoin movements due to its substantial market share and influence. A breakout could lead to a ripple effect, with numerous altcoins experiencing significant price appreciation as investor confidence surges. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Potential Risks and Considerations Despite the optimistic outlook, it is essential to acknowledge the inherent risks in cryptocurrency trading. If ETH fails to maintain a close above $2,500, it could face renewed selling pressure, pushing it back to lower support levels. Traders should remain cautious and consider risk management strategies to navigate potential volatility. Ash Crypto’s prediction has undoubtedly sparked renewed interest in Ethereum’s price action. Should ETH successfully close above $2,500, the market could witness a rapid ascent to $2,800, accompanied by a broader altcoin rally. As always, investors should stay vigilant and make informed decisions based on market developments. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Predicts Ethereum (ETH) Could Hit $2,800 If This Happens appeared first on Times Tabloid .
A recent report from Solidus Labs has revealed that 98.6% of tokens launched on Pump.fun —a Solana-based platform for creating meme coins—are likely rug pulls or pump-and-dump schemes. Out of more than 7 million tokens issued between January 2024 and March 2025, only about 97,000 maintained liquidity above $1,000 , indicating how few survive beyond initial hype. Solana’s low fees and easy-to-use decentralized exchanges have made it a breeding ground for speculative tokens. Pump.fun has emerged as the main platform fueling this trend, regularly hitting $100 million in daily trading volume , mostly from short-lived meme coin activity. The platform uses a bonding curve model in its automated market maker (AMM), where each token purchase raises the price exponentially. While this benefits early buyers and creators, it often leaves later participants with steep losses once liquidity vanishes. Additionally, some users manipulate the system with “same-block sniping” strategies—profiting by placing trades in the same block their tokens are created. Solidus also reviewed activity on Raydium, another Solana-based exchange. It found that 93% of 388,000 liquidity pools showed signs of soft rug pulls—sudden liquidity removals causing prices to crash. Although 25% of these scams involved small sums under $732, some losses were far greater, with one case reaching $1.9 million. Pump.fun's rising popularity has also led to legal scrutiny. It currently faces two class-action lawsuits alleging securities violations and excessive fee collection. In late 2024, the platform had to shut down its livestream feature after users misused it to promote scam tokens, leading to a $22 million drop in weekly revenue.
Ethereum (ETH) plunged into territory not seen since 2019 before it posted a substantial recovery in the past few days. However, it’s still trading at a steep discount to Bitcoin (BTC). According to the latest weekly report from on-chain analytics platform CryptoQuant, the ETH/BTC MVRV ratio, which measures market value relative to realized value, has entered “extremely undervalued” territory, a level that in past cycles set the stage for major ETH rebounds. A Discount Amid Growing Headwinds CryptoQuant’s analysis noted that Ethereum’s deep discounts against BTC have historically signaled prime buying opportunities. However, it pointed out that the current environment is markedly different, with a series of fundamental headwinds responsible for the undervaluation. These include the unraveling of Ethereum’s once-promising deflationary supply narrative, with the asset’s total supply hitting an all-time high of 120.7 million. The analytics platform attributed the reversal to March 2024’s Dencun upgrade, which drastically reduced transaction fees and collapsed the ETH burn rate. With fewer tokens being burned, inflationary pressure found its way back into the ETH market. Further compounding the issue is that on-chain activity has been stagnant for a while. Since 2021, key metrics such as transaction counts and active addresses have dropped, mostly because Layer 2 (L2) networks diverted usage away from the Ethereum mainnet. Even though they have improved scalability, L2s have also diluted demand for base-layer block space, undermining ETH’s utility narrative in the process. CryptoQuant also noted that institutional interest in the asset has been waning. The amount of staked ETH has reportedly dipped from its November 2024 peak of 35 million to about 34.4 million. ETF holdings have also shed as much as 400,000 ETH since February this year, reflecting weakening investor confidence. “Bitcoin is benefiting from robust institutional demand, capped supply, and ETF-driven inflows,” read the report, contrasting the fortunes of the two cryptocurrencies. Undervalued but Not Without Risk Despite the obstacles, ETH staged a sharp rebound towards the end of the week. It shot up to roughly $2,400 on Friday. Additionally, over the past week, the altcoin soared just above 30%, crushing Bitcoin’s 7.5% climb and vastly outpacing the global crypto market’s 8% gain. The rally coincided with the successful activation of the long-awaited Pectra upgrade on May 7, which introduced account abstraction and improved staking mechanics via 11 bundled EIPs. However, its impact may be muted. Past experiences show that Ethereum’s discount to Bitcoin is often a buying signal. Still, CryptoQuant’s analysis suggests that the returning inflation, weakening demand, and stagnant activity may mean that this could be the first cycle in which ETH’s undervaluation isn’t a springboard but a trap. “While ETH appears undervalued on a historical basis, its recovery path may be more complex and slower than in prior cycles,” CQ concluded. The post Why ETH’s Undervaluation May Not Signal a Buying Opportunity: CQ Report appeared first on CryptoPotato .