Impact

Bonk airdrop was a major incentive boost that helped create a meme coin unicorn. BONK recorded massive success owing to the low cost of transactions on Solana. Bonk, the meme coin inspired by the Shiba Inu dog meme, is centered on the Solana blockchain. Like all other airdrops, Bonk has introduced a reward campaign as a way to engage and reward members of the community. The meme coin often described as Solana’s answer to Dogecoin, promotes a lighthearted and inclusive…

Recent on-chain data has shown a transfer of 456 million DOGE tokens into crypto exchange Coinbase amidst a flurry of Dogecoin whale transactions across various exchanges in the past 24 hours. The price of DOGE has majorly traded below the $0.165 price level in the past seven days despite the price uptick among other meme coins. These recent events of whale transfers, however, appear to be leading to a bearish view towards DOGE. Transfers of this nature into a crypto…

The Bitcoin halving event has historically been viewed as a bullish signal for the cryptocurrency market. Bitcoin miners saw their daily income drop by 50% after the recent halving, posing challenges amid reduced block rewards. The Bitcoin halving is one of the most important events in the cryptocurrency space. The highly anticipated halving happened on Friday, April 19, signifying a crucial stage for the digital currency and its environment. The halving event has historically been viewed as a bullish signal…

An analyst has explained how Bitcoin is forming both a death cross and TD sell signal, which may lead to potential dips in these targets. Bitcoin Looking In Trouble As 12-Hour Chart Forms Two Bearish Signals In a new post on X, analyst Ali discussed two signals that have recently formed in Bitcoin’s 12-hour chart. The first of these is a “death cross,” which occurs when an asset’s short-term simple moving average (SMA) dips below its long-term SMA. Regarding the…

Worldcoin (WLD) could be the victim of a significant downtrend in the coming weeks. The team plans to sell as many as 1.5 million WLD tokens over the next six months, which could bring about massive selling pressure and affect the token’s price.  Details About The Proposed WLD Token Sale Worldcoin revealed in a blog post that World Assets (a subsidiary of the Worldcoin Foundation) will sell between 500,000 and 1.5 million Worldcoin tokens weekly to a group of institutional…

Ethereum (ETH) stands as a bellwether for the industry’s ebbs and flows. As of press time, Ethereum was trading at $3,174, its price trying to reach the crucial $3,000 mark. However, beneath the surface of these seemingly stable waters lies a complex interplay of market forces and investor sentiment. Ether’s Challenging Trajectory Since last week, the lower timeframes have seen repeated breaches of the $3,000 psychological threshold, and the enthusiasm surrounding the altcoin king has significantly waned. This downward pressure…

Bitcoin completed its fourth halving on April 20th, with block rewards falling from 6.25 BTC to 3.125 BTC. Historically, halvings have been related to growing bitcoin prices and eventually marked the beginning of new cycles followed by massive surges in value. The latest halving is no different, even as BTC reached an all-time high beyond $73K before the event for the first time in its history. Previous Halvings Cycles The first halving of Bitcoin in November 2012 marked a watershed…

As the digital era continues to reshape various sectors, Bitcoin emerges as a disruptive force in the financial landscape. Introduced in 2009 by an anonymous entity known as Satoshi Nakamoto, Bitcoin represents a decentralized digital currency powered by blockchain technology. This innovation enables secure and transparent peer-to-peer transactions, circumventing traditional financial intermediaries. Meanwhile, the gambling industry has undergone a profound transformation, fueled by technological advancements and shifting consumer preferences. From the opulent casinos of Las Vegas to the virtual realm…

The post Economic Impact on Crypto: What Every Trader Needs to Know  appeared first on Coinpedia Fintech News Have you ever wondered if things like unemployment can affect the crypto market, just like they do with other investments? It turns out they can! As a crypto trader, it is crucial to pay attention to big economic developments. Not all developments affect crypto the same way, though. Some things matter more than others. This article will guide you through the important…