The cryptocurrency market has hit another slump, with all major altcoins seeing significant losses. This downturn has affected popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which are performing poorly among the top 20 coins. Mt. Gox, the failed crypto exchange, has started repayments to victims in Bitcoin and Bitcoin Cash, adding to
Cryptocurrencies face a challenging period with double-digit losses for investors. Ethereum's future depends on maintaining the $2,850 support level. Continue Reading: Investors Face Challenges with Popular Cryptocurrencies
Grayscale Investments, a crypto asset management firm, has revealed the record date for the first issuance and distribution of shares of its new Grayscale Ethereum Mini Trust. This move is set to happen on the 18th of July, 2024 and will add to the firm’s list of crypto investment products with existing shareholders expected to The post Grayscale Announces Distribution Date for ‘Mini’ Ethereum ETF Shares appeared first on CoinGape .
Shiba Inu, a popular dog-themed cryptocurrency, has recently been the subject of new price predictions that could take its value to unprecedented heights. Crypto analyst Abmoon from TradingView has provided several bullish targets for SHIB, suggesting significant potential growth. His predictions include a possible surge of up to 1,487%, reflecting a high degree of optimism
Roman Yampolskiy and Lex Fridman discuss how this world could be a simulation—and how an artificial superintelligence could help us jailbreak the system.
Bitcoin has recently seen a surge in withdrawals from exchanges, contrary to its declining price trend. This trend suggests potential bullish sentiment among investors, despite Bitcoin’s performance remaining below the $60,000 mark. Net outflows have reached record levels, with significant withdrawals noted on specific days, hinting at investor behavior and market expectations. Explore the recent
More holders have withdrawn their Bitcoin from exchanges, but most are holding at a loss.
A crypto analyst has outlined several price targets for popular doggy-themed cryptocurrency, Shiba Inu (SHIB). The analyst has predicted that SHIB could reach the highest price level of $0.0001605 in a few years. Shiba Inu To Hit $0.0001605 Abmoon, a crypto analyst at TradingView, a financial market analysis platform, has shared bullish predictions for Shiba
Crypto analyst Dark Defender has highlighted an important indicator that could cause the XRP price to repeat its legendary price move from 2017. The analyst joins several other analysts who have suggested that XRP could replicate its price gains from that bull run. How XRP Price Could Replicate 2017 Price Gains Dark Defender claimed in an X (formerly Twitter) post that XRP’s current pattern is identical to the 2014-2017 pattern and will remain so unless the $0.3917 “Point of Control” is not protected. The analyst explained that this Point of Control (POC) refers to the price level where most trades have taken place since 2014. Related Reading: Bitcoin Woes Not Over? Analyst Predicts Further Crash To $47,000 Therefore, with XRP maintaining this POC since 2014, the crypto token could replicate its historic price gain from 2017, when it rose by 61,000% in 280 days. In another X post, Dark Defender also claimed that XRP’s current pattern was identical to the 2013-2017 pattern he had previously highlighted. Considering this, he stated, “It will be an absolute art to see $5.85 and above.” Dark Defender also highlighted another indicator that shows XRP’s bullish prospects. He noted that the crypto token’s daily and weekly Relative Strength Index (RSI) is at “the bottom and oversold.” He added that the monthly RSI is at the same level as March 2020 and November 2022. Crypto analyst Mikybull Crypto also stated that XRP might replicate its 2017 rally, given the current price action path the crypto token is following. He predicted that the crypt token could rise above $4 if this were to happen. Mikybull Crypto added that he was confident about this scenario playing out for XRP because the sentiment around the crypto token is bleak. Meanwhile, crypto analyst Javon Marks also alluded to XRP’s price gain when he recently predicted that the crypto token could witness a 39,000% price rally and rise to $200. He made this prediction based on his Full Logarithmic Follow-Through indicator, which he noted was supported by historical data. XRP To Still Rise To As High As $18.22 In his most recent X post, Dark Defender again predicted that XRP could rise as high as $18.22. He stated that the crypto had hit the latest Fibonacci support of $0.3917 (also the POC) of the 5 Elliot Waves, with a target of $1.88, $5.85, and $18.22 now in sight. He warned that any movement below $0.3917 could alter the structure he has been observing. Related Reading: Bitcoin Strikes A Chord At The Bottom, But Can It Clear This Major Resistance? Meanwhile, the crypto analyst mentioned that a bullish reversal is on the cards for XRP, alluding to the fact that the crypto token’s weekly RSI hit the lowest points, thereby signaling that XRP is an oversold area. At the time of writing, XRP is trading at around $0.42, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Tether CEO Paolo Ardoino has recently raised concerns about the risks associated with centralized large language models (LLMs). These apprehensions follow reports of a significant security breach at OpenAI, the leading company in generative AI. The breach reportedly took place in early 2023 and exposed sensitive information, an incident revealed by The New York Times.