Bitcoin Minetrix has raised over $7.2 million in the ongoing BTCMTX presale. Meanwhile, BTC is starting 2024 strongly
Bitcoin Minetrix has raised over $7.2 million in the ongoing BTCMTX presale. Meanwhile, BTC is starting 2024 strongly
Bill Lou lost $125k of stEth in a scam while trying to claim the LFG airdrop. He clicked a fraudulent link from a top Google search.
Crypto analyst Jaydee has made a bullish case for Dogecoin (DOGE) as he outlined several reasons why a significant price breakout may be on the horizon for the foremost meme coin. DOGE’s price saw a 370x gain the last time the indicators Jaydee highlighted materialized. Why Crypto Investors Should Pay Attention To DOGE In a post on his X (formerly Twitter) platform, Jaydee noted three things that usually happen on the charts prior to DOGE experiencing a price breakout. The first indicator he mentioned was the Moving Average Convergence Divergence (MACD). According to him, There is always a MACD bullish cross before DOGE sees a parabolic move. Related Reading: XRP Price Surge: Crypto Analyst Predicts Various Bullish Scenarios In The Coming Days Source: X If so, then the Dogecoin rally may happen soon enough, as the crypto analyst mentioned that this indicator has been checked, suggesting that the bullish cross already happened. The second indicator he highlighted was the Average Sentiment Oscillator (ASO). There is usually an ASO cross before the meme coin makes a significant move to the upside. However, unlike the MACD bullish cross, which seems to have already happened, this indicator is yet to materialize, as Jaydee stated that he is still awaiting this. This indicator looks like the only thing that is holding the potential DOGE breakout since the last and third indicator the crypto analyst referenced has already been “checked,” too. This third indicator is DOGE’s price breaking out of its multi-year trendline. From the accompanying chart, which the analyst shared, DOGE saw parabolic moves in 2017 and 2021 when this happened. 2021 also happened to be the year that the meme coin rose to its all-time high of $0.7. With a parabolic move on the horizon, Jaydee remarked that he will be paying attention to DOGE for the next months. Everything seems to be pointing to a bullish move for the meme coin, as the crypto analyst also stated that DOGE’s “chart structure is amazing.” DOGE bulls gaining control | Source: DOGEUSD On Tradingview.com A DOGE Rally Is Long Overdue DOGE’s price has been pretty tepid for a while as it continues to trade around the $0.09 price range. This shows that the meme coin is long overdue for a massive rally. That could happen soon as some price predictions hinted that 2024 was going to be a massive year for the crypto token. Related Reading: Tellor (TRB) Leaves Market In Shock With 75% Price Crash, Here’s What Happened Crypto analyst Captain Faibik, in particular, had predicted that DOGE would see an “epic pump” this year that would see it revisit its all-time high. A move of such magnitude means that the crypto token could see a massive gain of 900% Meanwhile, Dogecoin is still on course to head to the moon as the ULA’s Vulcan Centaur Rocket, which would be carrying a physical Dogecoin, is scheduled for launch on January 8. Such development could potentially spark a surge in the crypto token’s price upon takeoff. At the time of writing, Dogecoin is trading at around $0.09286, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Bankrate, chart from Tradingview.com
In the ever-evolving landscape of cryptocurrencies, where new projects emerge at lightning speed, one name has been buzzing across social media platforms: Eggdog. In a matter of weeks, Eggdog has skyrocketed, capturing the attention of investors and enthusiasts alike, almost mirroring the meteoric rise of Bonk not too long ago. Within just two weeks, Eggdog made headlines by reaching a staggering $20 million in market capitalization, a feat that left many in awe and sparked comparisons to the early days of Bonk. The similarities in branding, meme-centric approach, and promising potential prompted discussions among crypto enthusiasts, speculating whether Eggdog could indeed be the next game-changer. Tokenomics lay at the heart of Eggdog’s appeal. Zero tax, a renounced contract, and the allocation of 100% of the supply to Raydium alongside LP burning strategies added an air of transparency and solidity to the project, attracting investors seeking reliability in a volatile market. At the core of Eggdog’s charm lies its connection to an internet meme – the Eggdog meme. Originating from a peculiar 3D model resembling a dog shaped like an egg, this meme found its first appearance in a video titled “Meet Eggdog” by YouTuber Zamsire on March 2, 2019. Since then, it’s taken the internet by storm. Numerous Eggdog videos, like “Eggdog Diner” by Zamzire on March 12, 2019, and a real-life rendition of Eggdog in a video simply titled “Eggdog” by YouTuber Rapid Liquid on May 3, 2019, have further propelled its popularity. Eggdogs are often depicted stretching into absurdly high positions or engaging in lively dance routines, adding to the whimsical nature that has captivated internet users. This meme’s unique appeal has translated into the cryptocurrency sphere, leveraging the existing fervor to create a community-driven project that aims to capitalize on the meme’s widespread recognition. Is Eggdog the Next Bonk? Comparisons to Bonk, a previous crypto success story, are inevitable. Both projects share a similar trajectory, leveraging engaging memes and community-driven initiatives to propel their rapid rise. However, whether Eggdog will follow Bonk’s footsteps entirely or carve its own path remains to be seen. The fervent discussions, the growing community, and the early indicators of success have prompted many to ponder: could Eggdog be the next big thing in the crypto world? The allure of finding the next breakout star in a sea of digital currencies certainly adds to the excitement surrounding Eggdog. Exclusive NFT Release: Rewarding Eggdog Holders Excitement surrounding Eggdog has reached a fever pitch with recent news from their Twitter handle (@eggdogsolana). The team’s announcement of an impending NFT release exclusively for Eggdog holders has sent ripples of anticipation throughout the community. Speculation abounds that this release might offer a free mint opportunity for those holding Eggdog tokens. This move not only underscores Eggdog’s commitment to rewarding its dedicated community but also hints at the potential for increased engagement and value for its holders through innovative offerings in the NFT space. Such initiatives further solidify Eggdog’s reputation as a project committed to its community’s growth and prosperity. As with any investment opportunity, there are risks involved. While the initial momentum of Eggdog has been impressive, the crypto space is notoriously volatile and unpredictable. Investors are urged to conduct thorough research, exercise caution, and consider their risk tolerance before delving into any new project, including Eggdog. In conclusion, the phenomenon surrounding Eggdog is undeniable. Its rapid rise, rooted in a well-executed meme-driven strategy and promising tokenomics, has positioned it as a compelling contender in the crypto sphere. Whether it will mirror the success of Bonk or carve its own unique path, only time will tell. For now, all eyes remain fixated on Eggdog as enthusiasts and investors eagerly await its next move in this ever-evolving crypto narrative. Dive into the captivating world of Eggdog! Visit the official Eggdog website at https://eggdogsol.com/, and join us as we’re on an exciting journey, attracting inquisitive minds eager to unveil the potential behind our uniquely named project. Join the conversation and be part of our dedicated community on Twitter at https://twitter.com/eggdogsolana and Telegram at https://t.me/eggdogcoin as we soar towards exciting opportunities and rapid growth! About Eggdog Eggdog has swiftly emerged as a captivating force in the crypto world, gaining remarkable traction within a brief span. Riding on the wave of an internet meme that embodies a 3D dog resembling an egg, Eggdog’s rapid ascent, propelled by a dedicated community, robust tokenomics featuring zero tax and a renounced contract, mirrors the early success stories of standout crypto projects. This meme-driven endeavor, reminiscent of viral sensations, beckons investors and enthusiasts alike to witness its promising potential and captivating journey in the ever-evolving cryptocurrency landscape. Website | Twitter | Telegram Disclaimer: The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.
Major crypto-centric firms are off to a robust start in the new year, marked by significant market trading upticks in their shares amid Bitcoin’s rally above $45,000. According to Yahoo Finance data, leading crypto companies like Coinbase, MicroStrategy, Marathon Digital, Riot Platforms, Hive Digital, Canaan, and Hut 8 witnessed considerable price growth during the early […]
The post Bitcoin’s rise to $45k propels crypto stocks to robust year opening appeared first on CryptoSlate.
The XRP price has been languishing in a protracted consolidation phase recently. Yet, a recently presented technical forecast by chart specialist Egrag Crypto suggests an impending shift in this trend may be on the horizon. The 5-day XRP/USD chart shared by Egrag suggests a potential price breakout, with a long-term price target above $22. Egrag’s commentary is vivid and emphatic: “XRP: IT IS BREWING: The chart for XRP is tightening up like a pressure cooker ready to blow! An eruption seems inevitable, and the anticipation is rising faster than ever. XRP Army STAY STEADY, The pressure is mounting, and it looks like something massive is about to break loose!” XRP Price Breakout Is Brewing – Here’s When The chart features a symmetrical triangle pattern. This pattern in technical analysis often represents a consolidation period preceding a breakout. Since early 2017, the XRP price has been fluctuating within these converging trend lines, suggesting a tightening range that typically precedes significant price movements. Related Reading: XRP Price Poised To Hit $20,000: Chad Steingraber Theory Outlines How Moreover, Egrag Crypto points to a number of Fibonacci retracement levels. According to the chart, these levels are poised to act as key resistance points. The most immediate level to watch is the 0.5 Fibonacci level at approximately $0.7579, followed by the 0.618 level at around $1.1150. The chart indicates a bullish scenario where the price could break past these levels, aiming for a target at $1.9704, corresponding to the 1 Fibonacci level. Egrag also presents two possible scenarios for the price breakout from the symmetrical triangle. In the first scenario, he anticipates the XRP price could break out of the pattern around February 10, requiring a breach above the 0.5 Fibonacci retracement level. This move would pave the way for targeting the $1.1150 level, expecting strong resistance there and a subsequent retest of the breakout level, potentially setting up for a parabolic rise into 2025. Related Reading: XRP Price Surge: Crypto Analyst Predicts Various Bullish Scenarios In The Coming Days Alternatively, Egrag suggests a scenario where the XRP price initially declines towards the lower trend line. If the support holds, the price could ascend towards the upper trend line, with a breakout expected around July 4, 2024, at the 0.5 Fibonacci level. Following this, the 0.702 Fibonacci level at $1.1150 would act as a local high before a retest of the breakout from the symmetrical triangle occurs, potentially establishing the conditions for a massive bull run. In both scenarios, the medium-term target would be the 2021 high at $1.9704, followed by the $3.7148 level, corresponding to the all-time high of XRP. In price discovery mode, the 1.618 and 2.272 Fibonacci extension levels are identified by Egrag as long-term goals, standing at $6.41 and $22.39, respectively. At press time, XRP traded at $0.6335. On the daily chart, the 0.382 Fib retracement level at $0.6379 is currently the most important resistance to overcome in order to build up new momentum. Featured image from iStock, chart from TradingView.com
The SEC is set to approve or deny the first U.S. Bitcoin ETF in January – either way, the market is likely in for a price shift.
The approval of the US’s first spot Bitcoin ETF may not immediately elevate Bitcoin prices but could eventually channel trillions into the cryptocurrency market, according to VanEck advisor Gabor Gurbacs. He argues that expectations of significant short-term Bitcoin price surges from an ETF launch are unrealistic. He forecasts modest initial inflows of about $100 million, mainly from institutional investors shifting current crypto holdings.
The post Don’t Expect Bitcoin to Moon Post ETF Approval — VanEck Advisor appeared first on CoinChapter.
Famous Bitcoin (BTC) developer Udi Wertheimer advocated for the adoption of Bitcoin Ordinals, despite widespread industry criticism. In a post on X, Wertheimer noted that many people reject the concept of Bitcoin Ordinals. However, he supported the adoption of Bitcoin…
The crypto industry is now set for a strong bullish run in 2024, with most analysts predicting assets to reach new all-time highs. As a result, investors are always on the lookout hoping to jump on cryptocurrencies that offer the potential for substantial returns. A recent social media post by a crypto analyst known pseudonymously as Emperor Osmo listed the best cryptocurrencies to get on in 2024 across various trends and market niches. Expert Shares Ultimate Crypto Portfolio Guide The analyst’s crypto recommendations for the year were based on an analysis by CryptoKoryo Research on the Dune Analytics platform. Each recommendation was placed into an investing risk curve depending on the sentiment of the general population of market participants. Related Reading: Bitcoin Spot ETF: Bitwise Closes Ranks With $200 Million Seed Fund Building the ultimate crypto portfolio for 2024 necessitates the selection of a mix of assets across the risk curves. Some more established blue chip cryptos provide stability and steady gains, while higher-risk assets have the potential for huge gains. Recommendations on the left curve predominantly consisted of attention-grabbing cryptocurrencies. The cryptos included BONK, the first dog-themed coin on Solana, COQ, the first meme coin on Avalanche, CTXC, and PYR, the native token for Vulcan Forged, a blockchain game studio, and NFT marketplace. These cryptos went on astounding price surges in the last quarter of the year and mostly thrived on hype among investors. According to CryptoKoryo, the five cryptocurrencies made an increase of 1,571% in the past three months. If the hype continues in 2024, we could see them reach new highs, particularly in the first quarter. Here’s your portfolio guide to make it in 2024. ** Left Curve** – $BONK – $COQ – $CTXC – $PYR ** Mid Curve** – $AVAX – $BCB – $STEAK – $GNX – $ILV – $KUJI – $METIS – $MPL – $ORAI – $PYR – $SOL ** Right Curve** – $INST – $JOE – $LINK – $METIS – $ORAI – $SKL – $SOL… pic.twitter.com/6ZsyjT4EuE — Emperor Osmo (@Flowslikeosmo) January 1, 2024 Total market cap at $1.7 trillion | Source: Crypto Total Market Cap on Tradingview.com On the other hand, the mid-curve portfolio assets included less volatile layer-1 tokens, AI tokens, DeFi tokens, and layer-2 tokens. The 11 cryptocurrencies highlighted were AVAX, BCB, STEAK, GNX, ILV, KUJI, METIS, MPL, ORAI, PYR, and SOL, each going through a moderate price surge throughout 2023. According to CryptoKoryo, the five cryptocurrencies made an increase of 260% in the past three months. Related Reading: Crypto Analyst Says History Shows What Might Be Next For Bitcoin, But Is It Good Or Bad? Lastly, the right curve consisted of very stable assets with a higher potential for stable price growth in 2024. The cryptocurrencies highlighted were INST, JOE, LINK, METIS, ORAI, SKL, and SOL with a combined 253% performance in the past three months. Source: X While the recommendations on the left and middle curves are very volatile and have a higher chance of dumping, the right curve cryptocurrencies have created a proven track record over the years, and many analysts project continued price growth throughout 2024. On the other hand, cryptocurrencies on the middle curve are a bit more volatile but still relatively safe as far as cryptos go, while those on the left curve have the highest volatility risk but could lead to massive returns if they take off. Featured image from StormGain, chart from Tradingview.com