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…
Investors
Whales Are Dumping Pepe As Smart Money Investors Buy This New Meme Coin Instead
Whales appear to be offloading their Pepe holdings, data from Lookonchain reveals. For instance, a whale who purchased nearly $3.13 million worth of PEPE during the crypto crash earlier this month sold all his coins, at a profit of just $30k. A whale who bought 420B $PEPE($3.13M) at the bottom of the market crash dumped it 30 minutes ago!The whale spent 3.13M $USDT to buy 420B $PEPE on Aug 5 and Aug 12, then sold it all for 3.16M…
10 months ago
Cardano (ADA) Faces 14% Price Decline Despite Low Inflation and Network Enhancements, Investors Switching Over To This New Coin
Cardano (ADA) finds itself in a challenging position, grappling with a 14% price decline even as it benefits from low inflation and notable network upgrades. The broader crypto market weakness has hindered ADA’s ability to maintain its upward momentum, with technical indicators showing bearish signals. As Cardano struggles, a new meme coin is emerging and capturing investor interest. Bearish Technical Indicators Signal Further Decline Cardano (ADA) is currently in a consolidation period, with price movement turning negative following the breakdown…
10 months ago
ByBybit to Integrate PYUSD on Solana, Offering Opportunities for Retail and Institutional Investors
Dubai, United Arab Eimirates, August 15th, 2024, Chainwire Bybit, the world’s second-largest crypto exchange by trading volume, proudly announces that all Bybit users can now deposit and withdraw PayPal USD (PYUSD) on the Solana blockchain. The first top-three exchange to offer this feature, Bybit users can now synergise their crypto investments with the power of global payments on Solana. PYUSD and Solana - A Look at PYUSD On-Chain Performance and Issuance Data Since its debut, PYUSD has performed well on…
10 months ago
Private Investors Kicked Out Of Top Bitcoin Holder List, Here Are The Stats
As Bitcoin has become more mainstream, more and more institutions are beginning to hedge their bets with the cryptocurrency. Over the last four years, institutions have grown their holdings exponentially, and the result of this is that these large institutions have become the more dominant holders of Bitcoin. So much so that at this time, the top Bitcoin wallets no longer include any private holders besides Bitcoin creator Satoshi Nakamoto. Top 10 Bitcoin Wallets Revealed In an X (formerly Twitter)…
10 months ago
Ethereum Poised for 20% Rally Following Buying Pressure from ETF Investors, While MoonTaurus Gains Momentum
Following weeks of range-bound movement, Ethereum (ETH) is finally poised for a breakout, with technical analysts predicting a 20% rally fueled by strong buying pressure from ETF investors. Data by CoinShares shows that Ethereum ETFs globally have experienced a net inflow of $155 million over the past week as traditional investors took advantage of the dip to buy at a discount. While Ethereum shines as a ray of hope for investors, the new meme coin MoonTaurus (MNTR) continues to build…
10 months ago
Dogecoin Investors Double Down On Rival Memecoin Forecasted To 350x
Dogecoin (DOGE) investors have turned their focus to a new memecoin, Mpeppe (MPEPE), which is generating buzz due to its forecasted potential for extraordinary returns. This article explores why Dogecoin (DOGE) enthusiasts are flocking to Mpeppe (MPEPE) and what makes this rival memecoin stand out in the crowded crypto landscape. Dogecoin Investors Pivot to Mpeppe: A Fresh Investment Strategy Dogecoin (DOGE) has long been a favorite among crypto enthusiasts, known for its playful origins and impressive community support. However, recent…
10 months ago
Pepe Unchained (PEPU) Investors Secure More Profit By Investing Mpeppe (MPEPE)
In the world of cryptocurrency, meme coins continue to capture the imagination and wallets of investors seeking high returns in 2024. One such project that has garnered significant attention is Pepe Unchained (PEPU), a meme coin that has combined viral branding with cutting-edge Ethereum Layer-2 technology. Having already raised over $7.5 million in its presale, Pepe Unchained (PEPU) is proving to be a force to be reckoned with. However, savvy investors are now looking to maximize their profits by diversifying…
10 months ago
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InvestorsMoonTaurus Successfully Concludes Stage 1 of Presale as Investors Can’t Stop Buying
Following days of unprecedented demand, MoonTaurus (MNTR) has successfully concluded the opening phase of its presale, raising $300,000. All 60,000,000 MNTR tokens allocated for this phase sold out in less than two weeks, attracting over 1,000 token holders. Stage 2 has now commenced, marked by a 100% price increase that has driven the token price to $0.01. What is MoonTaurus (MNTR)? MoonTaurus (MNTR) is a new bull-themed meme coin whose presale went live towards the end of July. The presale…
10 months ago
Bitcoin Accumulation Gains Momentum as Investors Brace for US CPI Data
Crypto investors are increasingly accumulating and holding digital assets, particularly Bitcoin, in anticipation of the upcoming US Consumer Price Index (CPI) data release. Market indicators suggest a shift towards accumulation, driven by investor sentiment and the potential implications of the CPI data on the crypto market. On-Chain Data Reveals Renewed Investor Confidence in Bitcoin A recent report from Glassnode highlighted a clear trend among crypto investors as the market recovers from last week’s sell-off. Despite prevailing uncertainty, many investors increasingly…
10 months ago