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Ethereum price is consolidating above the $2,700 resistance. ETH could gain bullish momentum if it clears the $2,785 resistance zone. Ethereum is struggling to gain pace for a move above the $2,800 level. The price is trading above $2,700 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $2,780.…

Bitcoin price remains steady above the $60,000 zone. BTC is now consolidating gains, and the bulls could aim for a move above the $62,000 resistance zone. Bitcoin started a consolidation phase above the $60,000 zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $59,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if…

Polygon (MATIC) is setting up perhaps for a significant surge. MATIC currently trades 13% below its projected value for the next month; the crypto space is abuzz over this undervaluation. Investors view such a slide as a good buying opportunity. With a possible increase of 470% in just the next three months, the short-term predictions should be fairly optimistic. If everything goes as planned, MATIC could turn out to be one of the best performing tokens. With its next big…

On August 15, the International Monetary Fund (IMF) released a report titled “Carbon Emissions from AI and Crypto Are Surging and Tax Policy Can Help.” The report calls for a significant increase in electricity taxes for crypto miners and AI data centers. The IMF argues that the proposed tax would incentivize more sustainable practices and align these industries with global carbon reduction goals. Rising Carbon Costs: IMF Targets Crypto and AI with New Levy Recommendations In its report, the IMF…

Reports have revealed that Shiba Inu (SHIB) whales have dramatically increased their holdings by a whopping 600%. This massive SHIB accumulation signals investors growing confidence in the popular meme-based cryptocurrency. SHIB Whales Increase Holdings By Almost 600% In just a single day, Shiba Inu whales increased their holdings by approximately 596%. According to IntoTheBlock’s data, on August 12, the total net flow of large scale SHIB holders had surged from 27.06 billion SHIB to 161.15 billion SHIB.  While the reason…

XRP price failed to climb above the $0.5850 resistance zone. The price dipped and now shows a few bearish signs below the $0.5750 level. XRP price is struggling to climb above the $0.5850 level. The price is now trading below $0.5750 and the 100-hourly Simple Moving Average. There was a break below a key rising channel with support at $0.5745 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if…

Ethereum (ETH) has recently achieved a significant milestone by reaching $2,600, buoyed by increased network activity and the adoption of layer-2 scaling solutions. This price movement follows a notable rally and reflects a broader positive trend supported by a more favorable macroeconomic environment. Ethereum’s network has seen a boost in decentralized application (DApp) activity and total value locked (TVL), indicating strong growth and paving the way for potential further gains towards $3,000. In parallel, MoonTaurus (MNTR) has successfully advanced to…

Shiba Inu (SHIB), once a popular choice among crypto enthusiasts, is facing challenges as it struggles to maintain its momentum in 2024. Despite its early success and a strong community, the token has been grappling with market volatility and a lack of significant developments, leading to growing concerns among investors. As the broader crypto market evolves, Shiba Inu's ability to deliver the strong returns it once promised is increasingly in doubt. Meanwhile, MoonTaurus (MNTR) is gaining considerable attention in the…

Shiba Inu (SHIB) has become one of the most well-known meme coins in the cryptocurrency world, gaining widespread attention for its rapid rise and strong community backing. Often compared to Dogecoin, Shiba Inu has carved out its own niche, attracting millions of investors with its playful branding and significant market presence. Despite its popularity, some investors are beginning to look for new opportunities that offer higher potential returns. Enter MoonTaurus (MNTR), a rising star in the crypto space that is…