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Ethereum, the second-largest cryptocurrency by market capitalization, is currently poised at a crucial juncture, with a prediction of a potential breakout. Prominent crypto analyst Jelle recently pointed out that Ethereum is nearing the end of a falling wedge pattern, a situation often interpreted as a bullish signal in technical Analysis . Related Reading Is Ethereum Set For A Major Rally? Options Traders Bet Big On $3,600+ Targets For June 1 week ago Technical Indicators And Market Sentiment Jelle observed a falling wedge pattern on Ethereum’s chart, which emerges as ETH recently reclaimed its 100-day Exponential Moving Average (EMA), a development that further bolsters the bullish case. Ac...

Titan of Crypto, a well-known cryptocurrency trader and expert, in a daring prediction that has drawn the attention of the crypto community, forecasting an impending significant rally for Ethereum (ETH) to unprecedented heights while putting his next price target for the crypto asset at the pivotal $5,300 level. The analyst’s prognosis indicates that Ethereum, fueled by favorable market circumstances and rising investors’ confidence, is poised for massive gains. This forecast comes at the heel of ETH’s recent robust price performance and increasing market optimism. Ethereum Path To Massive Rally In February, Titan of Crypto hinted at the formation of a Bullish Cypher Pattern on Ethereum‘s weekly chart. “Just like for Bitcoin, a bullish cypher pattern is currently playing out on ETH weekly chart as well,” he stated. Related Reading Ethereum Price Rally: Fa...

OKX withdraws VASP license application in Hong Kong. The exchange will cease trading services by May 31. Users can withdraw funds until August 31. OKX has announced the withdrawal of its Virtual Asset Service Provider (VASP) license application in Hong Kong. The exchange stated in its website that “After careful consideration of our business strategy, we’ve decided to withdraw OKX HK’s VASP license application at this time.” By withdrawing from Hng Kong, the exchange, ranked as the third largest globally by trading volume, follows a similar path taken by other major applicants like Huobi Hong Kong earlier this month. OKX to cease Hong Kong operations from May 31 Effective May 31, 2024, OKX will cease providing centralized crypto asset trading services to Hong Kong residents. This decision, described as a strategic reassessment by the company, emphasizes a shift in business priorities amid a challenging regulatory environment. De...

The cryptocurrency exchange Coinbase has enabled Ripple (XRP) trading in the state of New York. Indeed, the exchange’s chief legal officer, Paul Grewal, took to X (formerly Twitter) to share the news that the cryptocurrency is available once again with his followers. Grewal said that the company was listening to traders regarding the asset. “We heard you and put in the work in strong partnerships with the state,” he told the community on Thursday. Conversely, Coinbase suspended XRP trading in January 2021, following the SEC’s lawsuit against the company. JUST IN: Coinbase enables Ripple $XRP trading in New York. — Watcher.Guru (@WatcherGuru) May 23, 2024 Also Read: Coinbase: Ethereum ETF has 30%–40% Chance for Approval Ripple (XRP) Trading is Available on Coinbase In New York Over the last several years, the digital asset industry in the United States has been subject to unclear regulation. Moreover, the US Securities and Exchange...

In a notable show of investor confidence, Shiba Inu [SHIB] has witnessed the accumulation of 1.71 trillion SHIB tokens in a single day. This large purchase follows a successful breakout past the crucial resistance level of $0.000025. This further positions SHIB for potential gains. At press time, SHIB traded at $0.000026 with a 2% daily surge. As the second-largest meme coin, SHIB has a market cap of $15.11 billion. A 35% spike aids this growth in trading volume. This increase in activity and price indicates a potential rally toward $0.00003 or even $0.00005. However, it is pertinent for SHIB to remain above its latest support level. Source Also Read: Shiba Inu Forecasted to Hit 3.5 Cents, But When? Mid-Sized Investors Lead Accumulation Data from blockchain analytics firm IntoTheBlock reveals that mid-sized investors, those holding between 0.1% and 1% of SHIB’s circulating supply are driving the latest buying spree. This group acquired over 1.71 trillion SHIB tok...

The Dogecoin price jumped over 1% in the last 24 hours to trade at $0.1667 as of 7:45 a.m. EST as investors go long on the meme coin. The slight gain in the DOGE price adds to the altcoin’s positive weekly streak, and follows an accumulation drive by Dogecoin whales. Large investors holding at least 1 million DOGE have purchased an eye-watering 822 million DOGE since the beginning of May, according to on-chain Analysis by Santiment. The total DOGE bought by whales since the start of the month equates to around  $130 million. Following the latest accumulation, the total holdings of these Dogecoin whales reached 57.9 billion DOGE as of May 1. The Dogecoin Price Could Test Support Soon 4-hour chart for DOGE/USD (Source: GeckoTerminal ) The Dogecoin price is testing the lower boundary of a positive price channel that has formed on the meme coin’s 4-hour chart over the last 48 hours. Should the crypto fall below this boundary, DOGE might test the immediate support l...

Yesterday’s attempt to break above the ATH value met intense resistance that forced the BTC price back to the $70k range. The fluctuating price of Bitcoin has also resulted in frequent changes in the prices of altcoins, making it challenging to predict the future direction of the crypto market.   When writing, the top trending cryptocurrencies on the Polygon chain appear to show noteworthy trends, and investors must pay attention to these. To help narrow the research to the essentials, below is a quick overview of three of the top-ranking assets on the platform today.  Most Trending Cryptocurrencies on Polygon Along with the trending cryptos on Polygon, the article also includes a special mention of the WienerAI crypto presale. The project aims to revolutionize trading strategies and help crypto traders become more profitable. Further details on the project come later in the article.  1. Lido DAO Token (LIDO) With its innovative staking infrastructure for ...

May 21, 2024 at 11:04 // Price Author Coin Idol The price of Ripple (XRP) remains in a narrow range between the $0.46 support and the moving average lines. XRP long-term analysis: bearish The sideways movement continues as the bulls are unable to break above the 50-day SMA. On May 20, XRP rallied and broke above the moving average lines, but the price stalled at the 50-day SMA. Had the bulls broken through the 50-day SMA barrier, the cryptocurrency might have reached a high of $0.57. Today, the altcoin is on a downward retreat. The current support lev...

A closely followed crypto trader believes there is a stronger bullish market narrative for digital assets than artificial intelligence (AI) that could send altcoins to new all-time highs (ATHs). Pseudonymous trader Criptopaul tells his 105,900 followers on the social media platform X that real-world asset (RWA) tokenization has the potential to send altcoins soaring in the current cycle more than the hype around AI. “In my opinion RWA is still the biggest narrative of this cycle, more than AI, since the RWA concept itself is based on blockchain and is a real financial revolution that has been hypothesized for years and since Ethereum was born. Tokenization.” The analyst is also predicting a massive breakout for Ethereum (ETH) against Bitcoin (ETH/BTC) which he believes will also signal the beginning of a historic breakout in the broader altcoin market. “The stars are about to align on ETH/BTC and the biggest altcoin season ever will begin… ETH/...

Venezuela has banned cryptocurrency mining activities amid a national energy crisis that is causing recurring blackouts. The Venezuelan Ministry for Electric Energy is also planning to disconnect miners from the national power grid to control demand. #Oficial Prohibida la minería de Criptomonedas en toda Venezuela. — Asonacrip (Asociación Nacional de Criptomonedas) (@AsonacripVe) May 18, 2024 Shutting down crypto mining farms will reduce demand and ensure the Venezuelan people can access efficient and reliable services, the energy ministry said. The government did not say whether the ban would be temporary or permanent. Venezuela Seizes 2,000 Mining Rigs The recent ban comes after local reports that the Venezuelan government had seized over 2,000 crypto mining rigs in Maracay. The seizure is part of an anti-corruption probe leading to the arrest of several government officials, including the former head of the National Superintendence of Cryptoassets, Joseli...

Tether, the world’s largest stablecoin issuer, has minted an additional 1 billion USDT through its treasury.  This minting has sparked significant discussion within the cryptocurrency community about its potential impact on the market, particularly for Bitcoin (BTC).  Tether’s CEO, Paolo Ardoino , clarified on X (formerly Twitter) that this issuance was for “inventory replenishment” and was an “authorized but not issued transaction.” Picks for you Short squeeze alert: This cryptocurrency could skyrocket next week 38 mins ago Is Silver set to outperform Gold by 2024? 2 hours ago Here are Bitcoin's new levels to watch as bulls prepare to break resistance 2 hours ago Bitcoin pool mines seven blocks in a row, raises security concerns 2 hours ago PSA: 1B USDt inventory replenish on Tron Network. Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next peri...

The Depository Trust and Clearing Corporation (DTCC), recognized as the world’s largest settlement system, has teamed up with blockchain oracle Chainlink (LINK) to conclude a pilot program with several major U.S. banking firms. The primary goal of this initiative was to advance the tokenization of traditional finance funds. Following the announcement of DTCC’s successful completion of the tokenization pilot, Chainlink’s token saw a notable surge of up to 20%. Picks for you Will the USDC outperform USDT in 2024? 4 mins ago Buy signal for two strong cryptocurrencies this week  1 hour ago 2 cryptocurrencies to avoid trading next week 3 hours ago Commodity veteran says this asset is the best trade of his career 4 hours ago This pilot, which included prominent Wall Street firms such as JP Morgan (NYSE: JPM) and BNY Mellon, leveraged Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to merge traditional finance with blockcha...