Cryptocurrency Market News – Page 41

Scalpers Rejoice! Top Analyst Predicts Chainlink (LINK) Short-Term Surge

June 9, 2024

The Chainlink (LINK) market is abuzz with chatter after a popular cryptocurrency analyst issued a bearish forecast. In a recent analysis, CryptoWzrd predicted a continued downward trend for LINK in the coming days, but also hinted at a potential “scalping” opportunity for nimble traders. Scalping refers to a high-frequency trading strategy where investors capitalize on…

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Friend.tech To Exit Coinbase L2 Base, Announces Migration To New Blockchain

June 9, 2024

Cryptocurrency Market News

The decentralized social network Friend.tech has unveiled plans to move from Coinbase’s Layer 2 blockchain Base to its proprietary network, Friendchain. This development will come as part of the platform’s collaboration with Conduit, a crypto infrastructure service provider. When Will The New Friend.tech Blockchain Launch? In a June 8th post on X, web3 social platform…

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Cardano Bloodbath? Sell-Off Raises Fears Of Imminent ADA Price Drop

June 8, 2024

Cryptocurrency Market News

Cardano (ADA), the smart contracts platform aiming to dethrone Ethereum, is facing a balancing act. While the token has seen a recent price increase, a potential exodus by major investors casts a shadow of doubt. Will Whales Drag ADA Down? On-chain data reveals a cause for concern for Cardano bulls. Addresses holding a significant amount…

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Binance Coin (BNB) Breaks New Ground With All-Time High Of Nearly $720

June 8, 2024

Cryptocurrency Market News

Binance Coin (BNB), the native token of the world’s largest cryptocurrency exchange Binance, has been on a tear in recent weeks. After breaking free from a period of consolidation, BNB skyrocketed to a new all-time high of $717 on Friday. Despite a minor correction, the coin remains firmly in bullish territory, with analysts predicting further…

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Chainlink Chain Reaction: Analyst Sets Sights On $33 Target

June 8, 2024

Cryptocurrency Market News

Chainlink (LINK), the oracle network powering decentralized applications (dApps), has been making waves in the crypto market. After a successful surge, the digital asset is now setting its sights on even higher ground, with analysts predicting a bullish run and price targets as high as $33. At the time of writing, LINK was trading at…

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Is BRETT The New Meme Coin King? Token Surges 300% And Nears $2 Billion Market Cap

June 7, 2024

Cryptocurrency Market News

As the overall sentiment in the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged as the standout performer, experiencing a 400% gain in the past 30 days alone. Having launched just three months ago, BRETT now boasts a market…

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Injective (INJ) Price Set To Skyrocket 33% On Classic Bullish Signal: Crypto Analyst

June 7, 2024

Cryptocurrency Market News

In an analysis shared on X, renowned crypto analyst Josh Olszewicz (@CarpeNoctom) forecasts a significant 33% rise in the price of Injective (INJ) based on a classic bullish chart pattern known as the inverted head and shoulders (iH&S). The chart suggests a strong reversal possibility from recent bearish trends, potentially steering the cryptocurrency’s price to…

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Crypto On Watch: Will ECB Rate Cut Fuel Bitcoin Rally?

June 7, 2024

Cryptocurrency Market News

Bitcoin prices are set to surge following the European Central Bank’s (ECB) decision to initiate its first interest rate cut in five years yesterday. The unanimous vote by all 20 national representatives slashed rates by 0.25%, marking a significant shift in monetary policy for the Eurozone. Coupled with projections of slowing inflation and modest economic…

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Buy Now, Crypto Bull Market Returns, Says Arthur Hayes

June 7, 2024

Cryptocurrency Market News

In a new essay titled “Group of Fools,” Arthur Hayes, the outspoken co-founder of crypto exchange BitMEX, casts a critical eye over recent macroeconomic developments and their implications for the crypto market. Hayes, known for his direct and often provocative commentary, employs a blend of technical analysis, central banking critique, and currency market insights to…

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VanEck Predicts Explosive Ethereum Growth: Could ETH Reach $2.2 Trillion?

June 7, 2024

Cryptocurrency Market News

Ethereum, the world’s second-largest cryptocurrency, is poised for a meteoric rise, according to a new analysis by VanEck, a leading asset management firm. The report predicts that Ethereum could reach a valuation of $2.2 trillion by 2030, translating to a price of around $22,000 per coin. This ambitious prediction hinges on Ethereum’s dominance in the…

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GMX Soars 20% Amid Crypto Whale Frenzy, Is It Back In ‘Turbo Mode’?

June 6, 2024

Cryptocurrency Market News

GMX, the native token of decentralized perpetual exchange GMX, has soared over 20% in the past 24 hours. The surge was seemingly fueled by a crypto whale move that ignited the community’s positive sentiment towards the token. Some analysts believe GMX might be preparing for a breakout above the $60 mark. Whales Send GMX To…

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