As of the latest data, 352.3 BTC valued at .5 million linked to Casascius physical bitcoins have been redeemed this year. Despite 155 physical bitcoin peels, an estimated .7 billion in value remains unclaimed and associated with these tangible assets. 18,741 of Mike Caldwell’s Casascius Coins Still Remain Unpeeled In the early days, Mike Caldwell […]
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Token Terminal and Messari Release Research Reports on TRON Network For Q1 of 2024
PRESS RELEASE. Geneva, Switzerland, May 17, 2024 – Recent detailed analyses by Token Terminal and Messari have provided an in-depth review of the TRON network’s activity during the first quarter of 2024, emphasizing its competitive positioning and expansive growth within the blockchain sector. Token Terminal Analysis Token Terminal’s comprehensive report offers crucial insights into key […]
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Bitcoin: This Indicator Flashes Green For The First Time Since January 2024
According to the candlestick arrangement in the daily chart, Bitcoin is moving inside a range. BTC is also down roughly 20% from the all-time high at spot rates. Though the series of lower lows posted in the past few trading days is bearish, one analyst is upbeat, expecting an encouraging recovery in the sessions ahead.
This Indicator Flashes Green: Time For Bitcoin To Rally?
Taking to X, the analyst notes that the 50-day Williams %R oscillator is turning from oversold territory, signaling that the bear run could end. Historically, the indicator has accurately signaled buying opportunities whenever it turns from oversold territory.
The Williams %R oscillator is a crucial technical indicator chartists use to assess momentum and identify potential oversold or overbought conditions. When the indicator falls below -80, it suggests the asset being analyzed is oversold, potentially indicating a buying opportunity. Conversely, when it rises above +20, it may mean that the asset is overbought, prompting the trader to adjust their strategy accordingly.
Since the beginning of 2023, the analyst observes that the 50-day Williams %R oscillator mapping Bitcoin prices has dipped into oversold territory on four occasions. Notably, each time the oscillator reversed from this zone, BTC prices rose in tandem.
Now, with the Williams %R oscillator returning from the oversold territory roughly ten days ago, the analyst is optimistic. It returned from the oversold territory in January 2024, preceding the bull run in Q1 2024.
If past performance is anything to go by, BTC is likely ready for a leg up. Considering the extended sideways movement and lower lows since prices peaked in mid-March 2024, this development will be a massive boost for the coin.
Does BTC Stand A Chance After Extended Consolidation?
The asset has become more dynamic since the approval of spot Bitcoin exchange-traded funds (ETFs). Broader market conditions, such as regulatory changes, macroeconomic trends, and investor sentiment increasingly influence it.
Subsequently, this dynamism can impact the accuracy of technical indicators like the Williams % R oscillator. This tool lags and doesn’t factor in events in real time. Therefore, while the oscillator has been reliable in the past, it may not necessarily accurately predict the future cycle.
For this reason, the coming days and weeks will be crucial for Bitcoin. If the price breaks out of its current range upwards, it could lend credence to the bullish interpretation.
Currently, BTC is in a narrow range. According to the daily chart, support is at ,500, and resistance is at ,000.
This Crypto Expert Called The Bitcoin Top in 2021, Now He’s Calling The Bottom In 2024
As the Bitcoin price continues to fluctuate wildly, the question in every investor’s mouth right now is when the digital asset will find its bottom. For some, the bottom has already been met, while for others, there are still more price crashes to come. However, one analyst’s prediction in particular stands out and this is due to his track record of accurately calling the top of the market back in the 2021 bull market.
Crypto Expert Says Bitcoin Bottom Is In
Crypto expert Dave the Wave first came into prominence back in 2021 when he had accurately predicted the Bitcoin top. Given this, Dave’s analysis holds weight in the crypto market, so it is no surprise that his most recent prediction calling the Bitcoin bottom is making the rounds.
Related Reading: Gaming The System: Pundit Reveals Why XRP Price Will Reach
In the analysis which was posted on X (formerly Twitter), the crypto analyst points to a number of indicators that show that the Bitcoin bottom has already been reached. One of these is the MACD which the analyst reveals is still far off from the levels from the last bull market.
In addition to the MACD still trending below this level, the crypto expert points out that the crypto market is more mature than it was. Given this maturing market, Dave the Wave stated: “It wouldn’t at all surprise me to see something different develop, pattern-wise, over the longer time frame.”
The analyst suggests that the Bitcoin low is actually in, and given that the price had fallen to ,000 a couple of weeks ago, Dave’s analysis suggests that that is as low as the price will go. If this holds, then it is possible that the Bitcoin price will not fall below ,000 before it resumes its bull rally.
BTC Price Expectations Still Bullish
Despite the slow momentum that has plagued the Bitcoin price, investors continue to be bullish on the cryptocurrency. This is evidenced by the Bitcoin Fear & Greed Index maintaining a firm grip on the Greed territory, showing that investors are still willing to buy into the market.
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Furthermore, predictions from crypto analysts such as Rekt Capital have shown expectations for further price increases. Rekt Capital predicts that the BTC price will still cross 0,000 as long as the price is able to break above ,000 and hold this level.
However, elsewhere in social media, there is a change in tide for the BTC price as social sentiment begins to fall to bearish headwinds. Santiment, an on-chain data aggregation platform, revealed that the Bitcoin social sentiment has seen a 14% drop in the last week.
Dutch Blockchain Days 2024 x OKX: Leading the Blockchain, Crypto & Web3 Discussion
PRESS RELEASE. Introducing Dutch Blockchain Days 2024. The BCNL Foundation is proud to announce the return of the leading Dutch Web3 conference, Dutch Blockchain Days 2024, with OKX, a leading global exchange and innovative Web3 company, as the event’s main sponsor. This one-day event, taking place on June 19, 2024, at the Meervaart Theater in […]
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Uniswap Creator: Biden Administration Mistaken in Believing Crypto Irrelevant to 2024 Elections
Hayden Adams, the creator of the decentralized finance platform Uniswap, has warned the Biden Administration that it is gravely mistaken to believe that crypto will be irrelevant in the 2024 election. Adams also criticized the administration for allowing the U.S. Securities and Exchange Commission and Senator Elizabeth Warren to wage an all-out war against crypto, […]
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The Best Meme Coin Presales of May 2024
As the market begins to recover from its downturn, popular altcoins are slowly regaining their recent losses.
With the broader crypto community gearing up for the anticipated bull run, investors are seeking tokens that could surpass current leaders and deliver significant returns.
Many industry analysts and influencers are pointing to these five tokens as the ones poised for the most explosive growth in the coming weeks.
While most of these tokens are still in the presale phase, investors have the chance to secure them at affordable prices before they skyrocket.
Let’s explore the details and see what they offer.
>>>Get the Best Presale Coin Now<<<
Top 5 Meme Coins to Invest in May 2024 — Quick Outline
Below is a quick outline of the tokens we’ll be analyzing:
- Dogeverse ($DOGEVERSE) — A Fresh Multi-Chain Crypto Inspired by Doge Offering High Staking Rewards Poised to Rival Top Meme Coins
- Sealana ($SEAL) — Tops 0K in Early Presale Days as Early Investors Stand to Gain Major Profits from Initial Prices
- WienerAI ($WAI) — Revolutionizing AI and Meme Culture with a Record-Breaking M Presale
- Sponge V2 ($SPONGE) — Improved Staking Rewards and New Play-to-Earn Game Fuel Investor Interest as Presale Concludes
- DogWifHat (WIF) — Hilarious Pup in a Pink Cap Gains Popularity and Emerges as One of the Leading Meme Coins in the Market
>>>Get the Best Presale Coin Now<<<
Top 5 Meme Coins to Invest in May 2024 — Detailed Analysis
Now, let’s delve into each of them and uncover the reasons behind the hype surrounding them.
Dogeverse ($DOGEVERSE) — A Fresh Multi-Chain Crypto Inspired by Doge Offering High Staking Rewards Poised to Rival Top Meme Coins
Dogeverse ($DOGEVERSE) is a growing crypto project poised to become a dominant token across several blockchains, drawing inspiration from the popular Dogecoin. Still in its presale phase, Dogeverse has captivated early investors, quickly surpassing million in funding, a testament to its strong market appeal.
This project offers a staking mechanism where investors can lock in their $DOGEVERSE tokens for annual returns over 80%, presenting an attractive opportunity for generating passive income. Initially introduced on Ethereum, Dogeverse aims to expand its reach to other major platforms such as Binance, Polygon, Solana, Avalanche, and Base, improving its accessibility.
With 200 billion tokens issued, 30 billion are allocated for the presale, and 20 billion are reserved for staking rewards, priced at .00031 each. The sustained interest in $DOGEVERSE underscores its potential, with many analysts predicting significant growth after listing.
Sealana ($SEAL) — Tops 0K in Early Presale Days as Early Investors Stand to Gain Major Profits from Initial Prices
Sealana ($SEAL), Solana’s latest animal-themed meme coin, is making a buzz in the crypto market, showing its exploding potential. Inspired by the “Gamer Guy” from “South Park,” Sealana aims to reshape the traditional American dream, emerging as a funny seal character deeply engaged in the crypto world.
With over 0K raised in its presale in just a few days, investor excitement is high. This surge in early investments, mainly from key players, highlights $SEAL’s promising future.
To participate in Sealana’s fixed-price presale, investors simply require a wallet funded with Solana. Contributors will receive 6,900 $SEAL tokens for each SOL they invest after the ICO, positioning them to benefit from potential price increases during and after the presale.
Tokens can be purchased through a widget on the project’s website or by sending SOL to the designated decentralized wallet address: DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c.
WienerAI ($WAI) — Revolutionizing AI and Meme Culture with a Record-Breaking M Presale
WienerAI ($WAI) is a new and engaging meme token on the ERC20 blockchain, aspiring to become the leading ‘top dog’ in the crypto world. Combining the dynamic trends of memes and AI technology, $WAI is capturing investor interest, much like its predecessor, ScottyAI, which rapidly secured millions in funds.
$WAI shows even more promise, with the potential for a significant surge. Early participants in the presale benefit from major staking rewards, currently boasting a 930% APY.
The total token supply is fixed at 69 billion, with 40% allocated for the presale. As the presale gains traction and excitement builds, investors should act rapidly to use the opportunity before the price explodes.
The tokens are offered at .000705 each, and the presale quickly raised over .4 million, establishing it as one of the most promising in the crypto market.
Sponge V2 ($SPONGE) — Improved Staking Rewards and New Play-to-Earn Game Fuel Investor Interest as Presale Concludes
SPONGE V2 ($SPONGE) is the upgraded version of the original $SPONGE meme token, which hited a 0 million market cap and brought 100x returns for early investors. This new version comes improved with features like staking rewards, offering a massive profit.
Building on the quick success of its earlier version, expectations are high for SPONGE V2 to replicate that success. To encourage long-term investment, the project introduces a staking system rewarding those who lock their Sponge V1 tokens with significant staking benefits in $SPONGE V2 for up to four years.
Additionally, $SPONGE V2 features a Play-to-Earn game themed around the popular SpongeBob SquarePants, upgrading user involvement and using its meme appeal. With the presale closing down, investors are urged to grab the remaining tokens at attractive prices.
DogWifHat (WIF) — Hilarious Pup in a Pink Cap Gains Popularity and Emerges as One of the Leading Meme Coins in the Market
Launched in late 2023, Dogwifhat (WIF) is a meme coin on the Solana blockchain, featuring a Shiba Inu dog wearing a pink knitted cap. Avoiding the big visions and interesting websites typical of meme coins, WIF chooses its straightforward identity, billing itself as “literally just a dog wif a hat.”
Despite its simple concept and lack of innovative features, WIF has defied expectations. Starting at just 7 cents early in 2024, the token quickly picked up steam. By February’s end, it broke the mark, and by the end of March, it peaked at .85—an astonishing 7,000% increase in under three months.
WIF’s market cap followed this path, hitting over billion by mid-March and reaching a peak of .75 billion. This phenomenal growth turned what began as a playful meme into one of the crypto market’s major players by 2024.
Final Thoughts
The market has finally emerged from the red, with many popular altcoins gradually recovering their losses.
Now, with another bull run on the horizon, investors are seeking the next meme coin poised to skyrocket and deliver significant profits.
Many industry experts suggest that these five meme coins are prime candidates for investment in May 2024.
Given that most of these tokens are still in the presale phase, there remains an opportunity to secure them at reasonable prices before they explode.
CoinPoker Kicks Off Top Crypto Poker MTT Series Of 2024 – $25M In GTD Prize Pools May 5-26
Blockchain-based online poker platform CoinPoker launched the biggest crypto poker tournament of the year on May 5th – the CSOP Plus (CSOP+). With an incredible total guaranteed prize pool of Million, this tournament promises to be a thrilling and lucrative event for MTT players. CSOP+ Crypto Poker Tournament Series The May tournament series, known […]
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Swing State Voters Highlight Cryptocurrency as a Key Issue for 2024 Elections, Survey Finds
A recent survey conducted by The Harris Poll and commissioned by Digital Currency Group (DCG) reveals that cryptocurrency is emerging as a critical issue among voters in key swing states. Over 20% of respondents from states like Michigan, Ohio, and Pennsylvania demand more discourse on digital assets from political candidates ahead of the 2024 elections. […]
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Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge
Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of 0.7 million, a stark contrast to the net loss of .4 million from the same period last year, driven by an increase in Bitcoin mining and hosting services. The company mined 2,825 bitcoins in […]
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