The Shiba Inu (SHIB) cryptocurrency has recently experienced unprecedented activity, capturing the attention of both investors and market analysts alike. Amidst this latest surge, the dynamic interaction within the Shiba
Pentoshi predicts Bitcoin's price could rise significantly in the coming years. He emphasizes the importance of adapting to changing market conditions. Continue Reading: Pentoshi Predicts Significant Bitcoin Growth in the Coming Years The post Pentoshi Predicts Significant Bitcoin Growth in the Coming Years appeared first on COINTURK NEWS .
Michelle Bowman, a Federal Reserve Governor, has a message for policymakers itching to regulate artificial intelligence: slow down. Speaking in Washington, Bowman warned that jumping into strict rules could backfire. “We need not rush to regulate,” she said. Her primary concern is that over-regulation could drive innovation out of the banking sector entirely, leaving valuable
Donald Trump’s appointment of Scott Bessent as Treasury Secretary marks a pivotal shift towards embracing cryptocurrency and free market principles. Bessent’s perspective on crypto highlights its potential to enhance economic
The post Ripple Mints 10.5 Million RLUSD Tokens as Launch Nears appeared first on Coinpedia Fintech News Ripple Labs has taken another big step in preparing its RLUSD stablecoin for launch by minting 10.5 million tokens on the mainnet. This move is part of a series of tests designed to ensure the stablecoin can handle real-world demands before going live. The testing process includes minting, burning, and transferring RLUSD to evaluate its …
Chainlink price is experiencing a surge in bullish momentum, supported by the formation of an ascending triangle pattern. This technical structure signals potential price gains as LINK breaks through key resistance levels. Market analysts remain optimistic, with projections suggesting further upward movement for the token in the coming weeks. This renewed confidence in LINK’s trajectory The post Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally? appeared first on CoinGape .
The Dogecoin price has recently exhibited a classic bull flag pattern on its price chart, a technical indicator often signaling continued upward momentum. The Dogecoin price has mostly traded below $0.4 in the past seven days on the back of a continued price consolidation. At the time of writing, Dogecoin is trading at $0.39, sitting firmly within the consolidation phase of this bull flag pattern. KrissPax Identifies Key Target For Dogecoin Price This development of a bull flag pattern was highlighted on the social media platform X by crypto analyst KrissPax, which relays to the current bullish sentiment surrounding the DOGE price. Particularly, this bull flag pattern was highlighted on the 2-hour candlestick chart of the Dogecoin price. Related Reading: Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels A bull flag pattern is characterized by a sharp price increase (the flagpole) followed by a period of consolidation in a downward-sloping channel (the flag). This formation suggests that, upon breaking above the upper trendline of the flag, the asset may resume its prior uptrend. In the case of the DOGE price, the flag pole was created by the Dogecoin price rally from November 8 until it peaked at $0.446. Since then, a consolidation has led to the creation of a flag. As KrissPax noted, a successful breakout to the upside would push the DOGE price toward $0.60. Interestingly, the analyst expects this breakout to happen by Friday. Clean bull flag on the Dogecoin chart – target $0.60. Could we see the start of the next $DOGE breakout on Friday? Meanwhile, Dogecoin still trading right in the middle of the flag at 38 cents. pic.twitter.com/kR6WSxMQI5 — KrissPax (@krisspax) November 22, 2024 Market Expectations For DOGE’s Next Move At the time of writing, Dogecoin is trading at $0.393. A move towards the $0.6 mark would translate to a price increase of about 53% from the current price. Furthermore, reaching the $0.6 price target would put the Dogecoin price at a new 2024 high and a three-year high, but still about 22% from its current all-time high of $0.7326. Related Reading: Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles KrissPax’s $0.6 price target plays into a bullish outlook of the DOGE price among many crypto analysts and traders. Supporting this bullish outlook, other analysts have observed similar patterns. For instance, a report from Bitcoinist noted that the Dogecoin price could rally to its all-time high of $0.73, paving the way for a surge to the much-anticipated $1 level. Furthermore, other analysts have predicted that the DOGE price could reach $2 by the end of the year at the current pace of price growth. This bullish outlook for the Dogecoin price cuts across every part of the Dogecoin ecosystem. On-chain data has shown that Dogecoin whales are taking advantage of the price decline to load up on their holdings. Particularly, Dogecoin whale addresses holding 10 million to 100 million DOGE tokens have bought more than 550 million DOGE over the past week, worth around $214.5 million. Featured image created with Dall.E, chart from Tradingview.com
A leak has revealed the U.S. Securities and Exchange Commission (SEC) is softening its opposition to other crypto ETFs after years of hostility...
The fusion of artificial intelligence with cryptocurrency is opening up new horizons for investors. Beyond the established giants like Ethereum, a new breed of altcoins is emerging. These digital assets are reshaping expectations for return on investment. Five particular cryptocurrencies stand out in this innovative space. Uncover how they are transforming the crypto landscape and
A venture capitalist says emerging markets, particularly India, are becoming hubs for Web3 development due to attractive funding, talent, and ecosystems. India: Go-to Place for Recruiting Web3 Companies According to Tak Lee, CEO of Hashed Emergent, the declining share of Web3 development activity in North America and Europe is being offset by a surge in