Traders

Despite recent price stagnation, crypto traders remain bullish on several prominent altcoins. Analysis from Santiment, a leading crypto market intelligence platform, reveals intriguing sentiment trends. According to Brian Quinlivan, Lead Analyst at Santiment, the data measures positive and negative commentary ratios, providing valuable insights into market sentiment. Altcoins Traders Remain Bullish Solana, for instance, exhibits a remarkably high bullish sentiment with a 3.03:1 positive-to-negative comment ratio. This optimism persists even as Ethereum, its primary competitor, gains more attention. Crypto traders…

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…

Owing to the price of the new meme coin KangaMoon rising to $0.025 per token amid the supply of 1 billion KANG tokens, the KangaMoon market cap has reached the $25 million mark. Meanwhile, traders of both Bitcoin and Ethereum, the top 2 cryptocurrencies, continue to increase. Let us find out more. One Of The Best Meme Coins To Buy Is KangaMoon With the current market recovery, KangaMoon (KANG) has seen its price soar to a new high of $0.025…

The post Bullish Outlook For Ether As Traders Speculate Potential Price Rise  appeared first on Coinpedia Fintech News The Ether options open interest is currently $5,000 calls for the end of June expiry which is indicating a bullish outlook with traders as they are using call spreads between $4,000 and $5,000 to position for potential price rises. As per the latest analysis of options distribution by QCP Capital, there is a bullish outlook for Ether where traders are positioning to…

The post Traders Speculate Scam As Solana Welcomes $DAVIDO appeared first on Coinpedia Fintech News The renowned Afrobeat sensation Davido has captivated his fans by delving into the crypto realm by introducing his exclusive memecoin $DAVIDO. Davido has achieved the top position on the DEX screener, operating on Solana’s blockchain platform. After Solana officially welcomed him, Davido wrote: “The King of SOL is here! $DAVIDO.” while fans from Nigeria quickly invested, some speculated that it might be a scam. ZachXBT…

As the altcoin season approaches, traders are gearing up for potential market shifts. Full-time DeFi analyst Xremlin believes in the importance of following the right voices to navigate the bull market. He shared a curated list of top crypto influencers on X (formerly Twitter) who provide invaluable insights for altcoin traders. Educators and OGs @0x_gremlin: Known for trading, education, and calls, Xremlin offers sharp market insights. @wacy_time1: Specializes in DeFi, trading, and educational content. @rektfencer: Renowned for research, trading tips,…

Andrew Kang of Mechanism Capital, a crypto venture fund, thinks meme coins have evolved and shouldn’t be considered lowly. In a post on X, Kang argues that meme coins are no longer a “last resort” investment but an emerging sector constantly attracting millions of investors. Investors Should Change Strategy? If anything, the analyst thinks, top meme coins like BONK, HONK, and others may spearhead the next market surge. For this reason, and considering the potential of meme coins, investors, the…

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…

The world’s largest cryptocurrency, Bitcoin (BTC), has been consolidating over the past week, trading between $67,000 and $70,000 after experiencing a brief 20% price correction that sent it as low as $56,400 in early May.  This consolidation period comes as inflows into the US spot Bitcoin ETF market have reignited, and selling pressure appears to have cooled off, both in the ETF market and among Bitcoin investors more broadly. Bitcoin Selling Pressure Fades According to Julio Moreno, head of research…