Crypto Analyst: Why Memecoins Are Still The Next 100x Opportunity
Over the past weekend, there was a notable rise in memecoin prices, driven by heightened social buzz and increased risk appetite among crypto investors. The concept of a “memecoin supercycle,” which posits that memecoins will lead the upcoming crypto bull run, gained traction on X. In this context, crypto analyst Kai (@Kaiwen0x) released a widely-shared…
Starknet: Long Positions Liquidated Lead To 16% Losses
Starknet (STRK) faces huge losses as it follows the market-wide correction phase that shook investor portfolios. The unexpected movement caused the token to fall by nearly 16% causing a whopping $87k wipeout of STRK long positions in the past 24 hours. The market’s current positioning puts many investors at risk with big losses for the…
Bittensor (TAO) Soars 130% – What’s Behind The Altcoin’s Recent Surge?
Bittensor (TAO) has been garnering attention for its exceptional performance, surpassing Bitcoin and the broader cryptocurrency market. TAO has experienced a 15% increase in the past 24 hours, and it has appreciated by over 130% in the past 30 days. This extraordinary expansion has established TAO as one of the most successful altcoins, attracting the…
Lido (LDO) Faces Massive Correction As Token Losses Mount To 20%
The Lido (LDO) short-term position continues to be compromised in the face of a market-wide correction phase, dragging the altcoin market to the mud. As of writing, the token has lost over 20% in value, representing a massive flip in investor sentiment. The market has not been faring any better as it lost nearly 2%…
72% Of ETHUSDT Traders On Binance Go Long – Is This The Buy Signal You Need?
In a recent trading activity on the crypto exchange Binance, 72% of ETHUSDT traders have taken long positions. This interesting sentiment is revealed through the trading analytics platform CoinGlass. This surge in long position is more notable as it comes after a week of Ethereum trending downwards. The strong tilt toward long positions suggests that…
Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows
Following a major price decline in Bitcoin (BTC), market sentiment BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows. Bitcoin Reserve On Exchanges Sees Sharp Plunge With ongoing market volatility and the recent decline in Bitcoin, on-chain data has identified a significant shift in the cryptocurrency’s market activity. CryptoQuant’s…
Crypto Analyst Predicts Bitcoin Price Will Hit New All-Time High If It Breaks This Level
Bitcoin, which started the month on a negative note, has begun to regain some positive momentum and is up by 1.66% in the past 24 hours. This recovery comes amid renewed optimism in the crypto space, as traders and investors remain hopeful for a solid finish to the year. In a recent post on social…
Shiba Inu Burn Rate Shoots Up 1,000% – Are New ATH Levels Just Around The Corner?
Shiba Inu is making waves after wrapping up an astounding 1,000% increase in its burn rate, Shibburn data shows. This has occurred simultaneously with a nearly 7% increase in the value of the meme coin. Market observers are investigating what this may potentially mean for the future of SHIB, especially in light of the increased…