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…
Down
XRP Price Slows Down: Will Bears Take Over or Bulls Fight Back?
XRP price is still trading in a range below the $0.550 level. The price is slowly moving lower and there could be more downsides below $0.520. XRP price is still stuck in a range above the $0.5080 support. The price is now trading below $0.5300 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5285 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish…
8 months ago
Bitcoin (BTC) – whales accumulate, but US Gov could sell. Up or down for price?
The tug of war over the Bitcoin price continues. Large whales have accumulated strongly over recent days, while the US government has won the right in court to sell 69,000 $BTC, forfeited by one individual in the Silk Road case. Game theory in play Could the Bitcoin price be relatively flat because the market is waiting to see what will happen with the 69k in seized Silk Road $BTC? It’s not known if the US government will in fact sell…
8 months ago
Cardano (ADA) Dips 7.63% Amid Political Turmoil: Analyst Urges Investors to Double Down on Presale AI Play-to-Date GoodEgg (GEGG), Shows 300x Positive Gains
The cryptocurrency landscape is always shifting, and Cardano (ADA) has recently found itself caught in the middle of market turbulence. Cardano (ADA) has long been one of the most trusted names in the crypto space, but its recent dip of 7.63% amid ongoing political turmoil has raised concerns among its investors. Meanwhile, GoodEgg (GEGG), an innovative AI-powered social scoring and dating platform, has shown incredible resilience and growth, with analysts projecting up to 300x gains for early investors. The Midnight…
8 months ago
Injective (INJ) Down 20% As Market Retracement Forces Sell-Off
As the market buckles under the weight of the bearish sentiment, the altcoin market is continually being pulled further down forcing losses to altcoin holders. Injective is one of those altcoins facing massive losses with the token’s price slashed by 20% since last week, representing a strong bearish sentiment in INJ’s market. Despite the market’s underperformance, the platform continues to cement itself as a premier Layer 1. Although the losses for investors and traders are painful, continued developments like these…
8 months ago
Bitcoin Miner Selloff Is Calming Down: Green Sign For Rally To Continue?
On-chain data shows the Bitcoin miner exchange inflows have been dropping recently, a sign that may be bullish for the asset’s price. Bitcoin Miner Exchange Inflow Has Been Declining Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, miners have gradually been reducing their exchange inflows recently. “Exchange inflows” here naturally refer to transactions heading to wallets attached to centralized exchanges from self-custodial addresses. In the context of the current topic, the exchange inflows…
8 months ago
Will Israel-Iran Conflict Push Bitcoin Further Down? Analysts Discuss
The Bitcoin price took a sharp dip to $60,164 on Tuesday following heightened geopolitical tensions in the Middle East, with Iran launching missile attacks on Israel. The escalation rattled global markets, impacting both traditional and crypto assets. Bitcoin was not immune with a notable -4% drop. Market participants, who had anticipated a strong bullish trend for the month dubbed “Uptober,” were forced to reassess as broader market sentiment turned risk-off. However, the reaction to the geopolitical news may be overblown,…
8 months ago
Memecoin Mania Returns: Dogecoin (DOGE) & Shiba Inu (SHIB) Investors Set Sights on AI Dating Meme GoodEgg (GEGG), Let’s Break Down the Ecosystem
The memecoin market is heating up once again, with investors in Dogecoin (DOGE) and Shiba Inu (SHIB) eyeing a new player in the space: GoodEgg (GEGG). As memecoin mania returns, the shift toward tokens with innovative ecosystems is becoming apparent. GoodEgg, an AI-powered dating platform with a unique Play-to-Date model, is making waves in the market and drawing attention from both Dogecoin (DOGE) and SHIB investors. The Rise of GoodEgg (GEGG) GoodEgg (GEGG) is quickly rising in popularity. The AI-powered…
8 months ago
Tags
DownTags
DownDogWifHat Whale Doubling Down, Buys More WIF: All-Time High Incoming?
Meme coins are bouncing higher, looking at CoinMarketCap data as of September 27. Dogecoin, the world’s largest meme coin by market cap, is up 16% over the last trading week. Shiba Inu and Pepe rallied in the same period, adding 37% and 27%, respectively. The expansion of meme coin prices has also been a boom to DogWifHat (WIF). Solana’s largest meme coin by market cap is up 14% on the last day, pushing weekly gains to over 31%. At the…
8 months ago
Dogecoin (DOGE) Breaks Key Support, But Bulls Aren’t Backing Down
Dogecoin failed to surpass $0.1120 and corrected gains against the US Dollar. DOGE bulls are active near $0.1080 and might push it higher again. DOGE price is eyeing an upside break above $0.1120. The price is trading above the $0.1080 level and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.1090 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if…
9 months ago