Bitcoin (BTC) takes the biggest hit, as crypto-focused investment products record $251 million in weekly outflows, marking the fourth consecutive… The post Bitcoin Bleeds as Crypto Investment Products See $251M Weekly Outflow first appeared on The Crypto Basic .
A popular crypto trader says he’s long-term bullish on an artificial intelligence (AI)-related altcoin even though its chart is flashing some potential warning signs. The pseudonymous crypto analyst known as Altcoin Sherpa tells his 215,900 followers on the social media platform X that Render (RNDR) is his top AI pick for this market cycle. “Going The post Trader Names One Altcoin As ‘AI Bet’ for 2024, Updates Outlook on Two Additional Crypto Assets appeared first on The Daily Hodl .
The post Memecoin BullRun: Dogecoin, Dogwifhat, & Pepe Price Prediction This Week appeared first on Coinpedia Fintech News Memecoins have taken the crypto world by storm, with some popular ones delivering remarkable returns recently. This trend suggests that 2024 could be the year of the memcoin. A major advantage of memecoins is their large dedicated community support, which drives interest and engagement. However, they are also known for their high volatility and speculative …
Shiba Inu’s price has gained 25% since Paypal Inc. confirmed an operational partnership that would allow US customers to purchase… The post Shiba Inu Price Forecast: PayPal Sparks $0.000030 SHIB Rally? first appeared on The Crypto Basic .
The post Bitcoin Derivatives Traders Bet Big: Predict $100K Surge by September appeared first on Coinpedia Fintech News Bitcoin derivatives traders are showing confidence in a bullish price surge above $100,000 by September, according to analysts closely monitoring market trends. This sentiment reflects growing optimism in the cryptocurrency space despite recent market fluctuations. Bullish Signal In Bitcoin Options Market Recent data from QCP Capital suggests a positive shift in Bitcoin options sentiment, with …
Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. TG.Casino Announcement In a May 6 tweet, the @TGCasino_ account on X posted: ‘TG Casino is proud to formally announce our new partnership with AC Milan joining them as their iGaming partner in Europe. Players at TG Casino will soon be able to win money can’t buy AC Milan experiences and merchandise!’ The acmilan.com website posted a press release the same day: ‘AC Milan and TG.Casino are delighted to announce a new partnership, which
Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. TG.Casino Announcement In a May 6 tweet, the @TGCasino_ account on X posted: ‘TG Casino is proud to formally announce our new partnership with AC Milan joining them as The post New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
The Ohio State University commencement speech included Bitcoin shilling and some cringe-worthy karaoke—all fueled by psychedelics.
Bitcoin is currently on a recovery path, which tracks to analysts’ prediction that the price decline over the last two days has been more of a bear trap. Crypto analyst Orson Fawley elaborates more on this in his analysis and shows that the BTC price remains inherently bullish given its recent movements. Bitcoin Recovery Is
Cardano (ADA), the third-generation blockchain platform, has been mirroring a mountain climber clinging to a precarious ledge. After a brief ascent earlier this month, the price has dipped back down, leaving investors questioning the strength of the current uptick. While a recent surge in active addresses hints at renewed interest, technical indicators and declining trading volume paint a picture of an uncertain future. Related Reading: 900 Million Telegram Users Send TON Token Soaring 15% – Details Cardano At A Crossroads Cardano’s current price action presents a complex picture. The recent uptick offers a glimmer of hope, but the technical indicators and declining volume suggest a possible continuation of the downtrend. Though its impact is still unknown, the increase in active addresses is a promising indication of possible rekindled interest. It will take time to see if ADA can emerge from the gloomy clouds and start its ascent with greater assurance. Cardano’s Uphill Battle: Price Struggles For Traction For holders of ADA, May started off with a ray of hope. After a rally of three days, the price increased to $0.46 from $0.45. Nevertheless, a series of losses soon erased these gains, returning the price to the $0.45 region, which is where it was previously. This pattern of stops and starts emphasizes how ADA suffers from a lack of consistent propulsion. Total crypto market cap currently at $2.294 trillion. Chart: TradingView As of today, a small uptick has brought ADA back to the $0.45 zone, offering a temporary respite. But lurking beneath the surface is the persistent bear trend, a fact confirmed by the Relative Strength Index (RSI) hovering just above 40. This metric suggests weak buying pressure and the potential for further price slides. Source: CoinMarketCap Making matters worse, a technical indicator known as a “death cross” looms on the horizon. This ominous pattern occurs when the short-term moving average crosses above the long-term average, often signaling a bearish price trend. With ADA currently trading below both these averages, the threat of a death cross adds another layer of uncertainty to the price trajectory. Cardano’s Quiet Streets: Trading Volume Dampens Enthusiasm Trading activity on the Cardano network hasn’t exactly been bustling. The volume, which surged to over $400 million at the beginning of May, has since dwindled to around $275 million. This significant drop suggests a decline in investor interest, which can act as a drag on price increases. Source: Santiment Typically, a healthy increase in volume accompanies sustained price hikes, indicating strong buying and selling activity. In Cardano’s case, the muted volume paints a concerning picture of a market lacking conviction. Related Reading: Whispers In The Deep: Why Are Ethereum Whales Disappearing? Active Addresses Show Tentative Rise A lone bright spot emerges in the form of Cardano’s active addresses. This metric tracks the number of unique addresses participating in transactions on the network. There’s been a recent uptick in seven-day active addresses, with the number rising from around 155,000 to over 160,000. While this increase is encouraging, some analysts believe it might not be substantial enough to significantly impact trading activity and trigger a sustained price reversal. Featured image from InspiredPencil, chart from TradingView