Shift

The post Critical Bitcoin indicator suggests ‘shift in sentiment’; Is it finally time for altcoins to shine? appeared first on Coinpedia Fintech News Analyst Eric Krown Crypto recently said that he is expecting possible upward trends in some altcoins due to technical indicators and market sentiment changes. The analyst also said to keep an eye on weaker altcoins that might struggle to keep going up. He said that today’s topic is all about altcoins—what they’re currently up to and when…

The post Will Dogecoin Hit $1? Savvy Investors Shift to XRP and This New GameFi Memecoin appeared first on Coinpedia Fintech News Dogecoin’s $1 dream continues. XRP is tipped to soar past its all-time high of $3.84 after its long-drawn legal tussle with the US SEC. Rebel Satoshi is a new GameFi memecoin with a 70x potential, according to analysts. The crypto landscape is a flurry of activities. On the one hand, farmers continue their relentless search for airdrops to…

Bitcoin’s price has stabilized above $67K, but traders are shifting focus to memecoins. Dogecoin’s Open Interest has been decreasing, indicating bearish sentiment. Since May 23rd, Bitcoin’s price has remained stable above $67K, but traders are increasingly turning their attention to memecoins such as Dogecoin (DOGE). This shift comes in anticipation of a potential supply overhang from the Mt Gox exchange. Despite some gains in related tokens, Dogecoin’s immediate outlook remains uncertain. According to QCP Capital, a crypto-trading firm based in…

There has been a shift in the crypto market, and there’s a new wave of frenzy.  Holders of top cryptocurrencies like Cardano and Ripple are turning to a new meme coin, Raboo ($RABT) for a shot at bigger profits. Raboo is bringing a breath of fresh air into the crypto market. The new meme coin is coming with some exciting features, and investors can anticipate up to a 100x price pump from this promising newcomer. Why Cardano and Ripple investors…

All week, the entire crypto scene seemed very excited about the spot Ethereum ETF approval. The US Security Exchange Commission (SEC) finally approved it, but to many investors’ surprise, the value of Ethereum (ETH) hasn’t increased much since the announcement.  Its trading volume is currently valued at $12.99 trillion, down 66.17% in the past 24 hours. Disappointment at the current trend involving Ethereum (ETH), proactive crypto traders are expanding their portfolios with this emerging DeFi Bluechip.  Read on to learn…

Since trading firms like FTX collapsed in November 2022, the Solana blockchain has seen significant gains and regained investor confidence, with Ethereum developers increasingly migrating to it.  According to a recent analysis by Jack Inabinet, Senior Analyst at Bankless, with significant growth in key metrics and SOL’s year-to-date increase of 770%, Solana has solidified its position as a top-tier blockchain. Native teams within the Solana ecosystem played a key role in its resurgence, but now non-native protocols are also seizing…

Ethereum price is eyeing an upside break above the $2,900 level. ETH must settle above $2,900 and $2,940 to continue higher in the near term. Ethereum is forming a base above the $2,860 support zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a…

The crypto market is increasingly moving away from Solana (SOL) and Ethereum (ETH) meme coins. Instead, traders are switching focus to coins with utility as utility season beckons. In the lead of such a shift is Rollblock (RBLK) – a Stage 1 presale star that many analysts hint to become the next $1 break out crypto star in 2024. Solana (SOL) Reveals Arcium Solana (SOL) has recently been making waves in the crypto market. Notably, Solana announced that the first parallelized…

The post Bitcoin’s Exchange Inflows Reflect Market Sentiment Shift appeared first on Coinpedia Fintech News As of May 2, 2024, Bitcoin experienced a notable influx of 1,444 BTC, signaling a positive shift in market sentiment. This uptick aligns with Bitcoin’s price at $57,666 and follows recent developments in Hong Kong, where new Bitcoin and ETH ETFs have seen substantial transactions. These ETFs, fostering increased market liquidity and investor confidence, likely contribute to the heightened activity and optimism. This suggests a…