Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Investors Rush to Husky Inu ($HINU) As Crypto Market Rallies
Investors rush to Husky Inu ($HINU) as the crypto market rallies. Bitcoin and the altcoin market have significantly increased in the past week, and $HINU’s best friend, Shiba Inu ($SHIB), has rocketed. While the market rallies, investors are continually looking at alternative projects such as Husky Inu ($HINU) to help mitigate the potential uncertainty inherent to the crypto market. The crypto market has seen a good run in the past week, with memecoins making immense gains. While memecoins such as…
9 months ago
Ethereum (ETH) and Solana (SOL) ready to turn the tables on Bitcoin (BTC)
As Bitcoin prepares to break through the top of its bull flag, or perhaps be rejected once again, both Ethereum and Solana are starting to turn the tables on the number one cryptocurrency. If $BTC can hold firm, is this the time when the major altcoins will start to steal the show? $BTC having a bit of a moment The $BTC price is having a bit of a moment right now, and is threatening to reject, and break down from…
9 months ago
Bitcoin (BTC) at critical juncture – bounce or rejection?
The BTC/USD pair has come back down to the $64,500 horizontal level, which it has only recently flipped into support. Will Bitcoin bounce from here and break through the top of its bull flag, or is yet another rejection about to take place? Will the $64,500 horizontal support hold? Bitcoin is still on course to break out of its six-month bull flag. That said, many might be nervously watching the number one cryptocurrency as it teeters at the $64,500 horizontal…
9 months ago
Bitcoin Price Corrects Recent Gains: Is a Deeper Dip Coming?
Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and might continue to move down toward $64,000. Bitcoin is correcting gains from the $66,500 zone. The price is trading below $65,250 and the 100 hourly Simple moving average. There was a break below a short-term bullish trend line with support at $65,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the…
9 months ago
Ethereum Price Trims Gains: Is the Rally Losing Steam?
Ethereum price is correcting gains from the $2,720 resistance. ETH is now trading below $2,650 and might find bids near the $2,600 level. Ethereum started a downside correction from the $2,720 zone. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600 support to start a fresh increase in…
9 months ago
MetaVirus (MVT) IEO Launches on ProBit Global: Transforming GameFi with the NexGami Platform
Vilnius, Lithuania, September 27th, 2024, Chainwire ProBit Global is excited to announce the Initial Exchange Offering (IEO) of MetaVirus (MVT), the innovative gaming token powering the first Web3 game on the NexGami platform. MetaVirus combines immersive gameplay with rewarding incentives and blockchain integration, creating a distinct experience that differentiates it from traditional mobile games. The IEO has now entered Round 2, offering a 5% bonus on MVT purchases made with PROB. This round will end on October 2, 2024, at…
9 months ago
Former BitMEX CEO Arthur Hayes Backs Memecoin PEPE With $250,000 Bet
Arthur Hayes, co-founder and former CEO of the cryptocurrency trading platform BitMEX, has recently made headlines with significant investments in the memecoin sector, particularly through his notable purchase of Pepe (PEPE). Hayes’ optimism towards memecoins, expressed in a recent social media post on X (formerly Twitter), has coincided with a significant surge in PEPE’s value, reflecting a broader resurgence in interest within the crypto market. PEPE Price Soars Following Hayes’ Investment On-chain analytics platform Lookonchain revealed that Hayes invested $250,000…
9 months ago
ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week?
Ethereum’s movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH has been on a rally since the middle of September, reflecting a 25% gain from the September 6 low of $2,171 as it crossed $2,715 on September 27. This rally and the well-anticipated inflows in Spot Ethereum ETFs brought a much-needed breather into the Ethereum ecosystem. According to on-chain data, last week’s price action saw many Ethereum addresses moving into…
9 months ago
PEPE Confirms Breakout From Symmetrical Triangle: How Far Can It Go?
Meme coin PEPE has been on an impressive rally for some time now. Stemming from a broader influx of funds into the meme coin sector and the overall cryptocurrency market that has been in motion for the past two weeks, PEPE is currently up by 38% in the last seven days, outperforming its meme coin counterparts with larger market caps. Interestingly, this impressive price action has seen PEPE breaking out of a downtrend pattern that has lasted for the past…
9 months ago