The green crypto revolution is in top gear, and eTukTuk (TUK) is leading the way. As this eco-friendly project enters its final presale stage, investors are scrambling for their last shot to grab TUK tokens before the July 15 deadline. eTukTuk Presale Nears End – Last Chance to Grab TUK Tokens Talk about a wild […]
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Dogecoin Enters Final Stage Of Consolidation, Analyst Predicts 6,150% Rally To $7.5
Crypto analyst Trader Tardigrade has provided insights into the Dogecoin (DOGE) future trajectory. Based on his analysis, the foremost meme coin could soon enjoy a god candle, sending its price to unprecedented heights.
Dogecoin’s Massive Rally Will Send It To .5
Trader Tardigrade predicted in an X (formerly Twitter) post that Dogecoin will rise to as high as .5 when it makes its “huge surge.” He made this prediction while revealing that the meme coin had formed a triangle consolidation, which is the last phase of consolidation before Dogecoin made that massive move to the upside.
The crypto analyst also revealed that these triangle consolidations have formed in every market cycle and usually occur just before Dogecoin enjoys a parabolic rally. Trader Tardigrade has been bullish on DOGE for a while now and has continued to lay out bullish narratives for the meme coin.
In one of his previous X posts, he highlighted a ladle pattern, which he claimed has always formed for the meme coin in every cycle. He mentioned that “the bowl” was ready and was almost time for the shaft. The chart he shared showed that Dogecoin could rise above once the shaft had formed.
In another post, Trader Tardigrade highlighted a parallel channel that Dogecoin usually follows. He then claimed that the meme coin’s next move would be “huge” while revealing that DOGE had left the lower support line of the current channel. Based on the chart he shared, Dogecoin could rise to when that move happens.
Meanwhile, Trader Tardigrade isn’t the only analyst who has alluded to Dogecoin’s historical patterns to predict the meme coin’s future trajectory. Crypto analyst Javon Marks recently predicted that Dogecoin could rise to as high as based on its historical breakout trend, in which the meme coin always enjoys a larger run in every subsequent bull run.
Dogecoin Current Outlook
Despite the bullish predictions made by these analysts, Dogecoin seems to have a bearish sentiment around it at the moment. Crypto analyst Kevin (formerly Yomi OG) revealed that DOGE has lost all of its daily moving averages, which he noted is a “very bad sign” for Dogecoin in the short to medium term if it cannot reclaim these moving averages.
The crypto analyst added that Dogecoin had made a lacklustre bounce after tapping the golden pocket down at .11. For now, he claimed that the point of interest is Dogecoin climbing above .132 and that it would need to hold above the range between .10 and .11 should the meme coin go lower.
At the time of writing, Dogecoin is trading at around .12, down in th last 24 hours, according to data from CoinMarketCap.
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The Solana-based meme coin Sealana (SEAL) is wrapping up its wildly popular presale after raising over million from investors. But will this seal-based token be able to keep the hype rolling after its DEX launch in the coming weeks? Last Chance to Buy Sealana Tokens at a Discount The clock is ticking for those […]
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Dogeverse Presale Enters Final 3 Days After Raising $15M, Analysts Forecast Big Gains in June
Multi-chain token Dogeverse is preparing for one of the biggest meme coin launches of the year after raising more than million in a red-hot presale. The project has gotten a ton of attention from meme coin traders and crypto analysts, many of whom believe the $DOGEVERSE token could deliver a 10x gain or more […]
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Snowden Issues ‘Final Warning’ to Bitcoin Developers on Privacy Enhancements
In the wake of the U.S. intensifying its clampdown on privacy-oriented software and Zksnacks closing its coordinated coinjoin service, Edward Snowden, the NSA whistleblower and former contractor, has issued a stern warning to Bitcoin developers. Snowden emphasizes that time is running out for enhancing privacy and insists it must be integrated at the protocol level. […]
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SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs
The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around .3 billion as part of the final judgment against the two defendants. This sum includes ,192,147,847 in disgorgement and 5,748,909 in prejudgment interest. SEC Seeks Final Judgment Against Terraform Labs and Do Kwon The […]
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Bitcoin Final Dance: Analyst Eyes Final Peak Ahead Of Halving
Once again, there is hope for Bitcoin (BTC) as Michael Van De Poppe, a cryptocurrency expert, has spotlighted the potential for the crypto asset’s price to reach a new all-time high before the highly anticipated Halving event commences.
One Final All-Time High For Bitcoin Before Halving
The price of Bitcoin is presently exhibiting new bearish activity, which might trigger negative sentiments in the market over the next few days. Despite the notable decline, Michael Van De Poppe is optimistic that BTC will attain a new height prior to Bitcoin Halving expected to occur this month’s end.
According to the analyst, the digital asset is currently in a consolidation zone. He further identified two distinct crucial levels within the lower timeframes such as the ,000 threshold as a support level and the ,700 mark as a final break out towards the peak.
It is worth noting that Michael Van De Poppe previously forecasted that Tuesday is probably when the real moves are expected to begin as Bitcoin consolidates. Thus, if the coin holds the ,000 level, he will propose a one-last peak test ahead of the halving.
Poppe seems to be confident about his prediction now as he asserts that if one of the two aforementioned crucial levels develops, it will determine the direction of Bitcoin. Due to this, he believes BTC will experience one final pre-halving all-time high.
The post read:
Bitcoin is calmly consolidating. Crucial levels (lower timeframes): ,000 to hold for support, ,700 for a final breakout towards the ATH. If either of the two happens, probably direction is chosen. I think we will have one final ATH test before halving happens.
Following the recent decline, Poppe has issued a warning to the crypto community on how to interact with the price action. “You do not want to chase those massive green candles,” he stated.
He advocates entering the market when BTC‘s price is down by 15% to 40%. Additionally, he addressed those considering investing in altcoins, urging them to invest when altcoins are down by 25% to 60%.
Possible Triggers For The Correction
As of press time, Bitcoin’s price is trading at ,843, demonstrating a decline of over 5% in the daily timeframe. Its trading volume has seen a significant uptick of 66% in the past day, while its market cap has decreased by 5%.
Since its peak of ,000, achieved in early March, the price of Bitcoin has dropped by nearly 10%. One factor considered to have contributed to the retracement was the influx of funds into US Spot Bitcoin Exchange-Traded funds (ETFs), which has since started to calm down gradually.
Data from Wu Blockchain revealed that the products saw an overall net outflow of .84 million on Monday. BlackRock ETF IBIT recorded a net inflow of 5 million, while Grayscale ETF GBTC experienced a single-day net outflow of 2 million. Presently, the historical cumulative net inflow for the BTC spot ETFs is pegged at .04 billion.
Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues
There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above ,000 throughout March, reaching close to ,000 on March 14. Between onchain fees and the price increase, these factors could offset revenue losses from the […]
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Long-Dormant ‘Sleeping Bitcoins’ Worth $35 Million Spring to Life on January’s Final Day
On Jan. 31, 2024, a notable movement of so-called ‘sleeping bitcoins’ occurred, involving wallets from 2013 and 2016 which collectively transferred 845.06 bitcoins valued at approximately .96 million. Originating from a handful of distinct addresses, 726 bitcoins were likely the property of a single entity, considering the patterns observed.
Million in Long-Dormant Bitcoins Make a Sudden Move
At precisely block height 828,276, which occurred on Wednesday afternoon, an unidentified party initiated the movement of 118.93 BTC, marking its first transaction in a span exceeding a decade and two months. The wallet, identified as “1PUeG” by the blockchain parser web portal btcparser.com, intriguingly left the corresponding 118.93 bitcoin cash (BCH) untouched.
This transaction garnered a modest “low” rating of 45 out of 100 on Blockchair’s Privacy-o-meter, a result of the repeated use of the same address in the inputs. The entirety of the funds was transferred to a new address, employing the ‘send everything’ option. While this 2013 wallet’s activity was noteworthy, an even more compelling series of transactions originated from nine wallets created in 2016, which moved a sum of 726.13 BTC.
These nine wallets, all established on March 30, 2016, remained inactive for nearly eight years, holding the bitcoins which were then valued at merely 1K, based on the BTC price of 4.82 at the time. Fast forward to the present, their value rose to an impressive .90 million at current exchange rates.
Each of these nine transactions (1, 2, 3, 4, 5, 6, 7, 8, 9) involved slightly over 80 BTC, with the associated BCH similarly left unspent. In terms of privacy, most of these 2016 transactions exhibited a higher degree of discretion, achieving a “moderate” score of 55 out of 100 on the Privacy-o-meter. Like the earlier case, this owner also opted for the ‘send everything’ approach.
Sleeping bitcoins, particularly those from earlier periods, are a rarity in the crypto space. Over 64,000 addresses still lay dormant between 2009 and July 2017. While the awakening of the 2013 wallet was significant, the simultaneous movement of the nine wallets from 2016 was even more interesting, strongly suggesting a single owner’s involvement. Despite this, the identity behind the series of 80 BTC transactions and the owner remains shrouded in mystery.
What do you think about the sleeping bitcoins that moved on Wednesday? Let us know what you think about this subject in the comments section below.
XRP Predicted To Rally 250% After Final Price Dip: Crypto Analyst
In his latest technical outlook, crypto analyst Dark Defender has highlighted the key takeaways for XRP amid recent price action. Since hitting a yearly high of .64 on January 3, the XRP price has dropped -18.8%, leaving it at risk of further downside before the bulls could take over.
XRP Price Set For Final Dip?
According to the provided daily XRP/USD chart, the price closed below the significant level of .5286. As a result, the RSI has been “forced to stay below the Resistance Trend Line,” implying that bears are currently in control, exerting downward pressure on the price.
Remarkably, the price has been in a symmetrical triangle formation since November last year, which is considered a bullish continuation pattern. The XRP price has already been rejected three times at the descending resistance line. In tandem, the RSI on the 1-day chart has also formed a descending trend line. Each time the price was rejected at the resistance line, there was also a rejection of the RSI at the trend line.
Yesterday, Sunday, it looked as if XRP could break above the rising trend line of the RSI, and the price could follow suit and start another attempt to break out of the symmetrical triangle. Dark Defender wrote:
XRP moved towards .52-.53 as we expected. The target area was .5286 and XRP closed just above that level yesterday and had a break on the RSI. This is a great sign for XRP shortly to try the .60 Resistance […] But of course, will be more than happy to see XRP breaking .6649 first & proceed with the initial Fibonacci Target of Wave 3 at .88.
However, this game plan was invalidated as XRP closed below .5286 and the RSI trend line. Now, the analyst identifies two key support levels, the trend support at .5085 and the Fibonacci support at .4623. These levels are now considered pivotal as XRP trades under the .53 threshold.
Dark Defender emphasizes the importance of these supports: “So, .5085 & .4623 supports become more important now.”
The daily RSI indicator also suggests that XRP is in the oversold region, which typically indicates that the asset may be undervalued and could possibly reverse to the upside. However, the analyst cautions that the “weekly frame trumps the daily,” suggesting that longer time frames may influence the asset’s price more significantly. “The more XRP stays below .52, the more support becomes prominent,” he added.
Looking forward, Dark Defender anticipates a potential “wick below these levels to complete this exasperating correction” and hints at an eventual recovery, with expectations set towards “Wave 3 in the end.” This reference to Elliott Wave Theory suggests that following the correction, a strong upward trend could emerge. The final price target would then be .88.
Despite the current market conditions, Dark Defender advises the community to maintain a positive outlook: “Be positive and be strong since this will be over.” The statement conveys a sense of resilience and long-term perspective amid short-term market fluctuations.
At press time, XRP traded at .52297.