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Bitcoinist
1M
432
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SharpLink Gaming Launches $425 Million Ethereum Reserve Plan with Consensys Backing
- SharpLink Gaming is allocating $425 million into Ethereum reserves, aligning with the trend of companies investing in digital assets for financial stability.
- The strategic move involves a private investment in public equity, with notable participation from ConsenSys Software Inc. and various high-profile crypto venture capital firms.
- The funds raised through the private placement will primarily be used to acquire Ethereum, positioning it as the company's principal reserve asset for liquidity and potential appreciation.
- SharpLink's partnership with ConsenSys and the addition of Joseph Lubin, Ethereum's co-founder, to its board of directors, signify a strategic focus on optimizing Ethereum-based treasury practices with expert guidance.
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26 Likes
TronWeekly
1M
264
Image Credit: TronWeekly
Nasdaq Files 19b-4 for 21Shares Sui ETF SEC Approval
- Nasdaq has filed Form 19b-4 with the SEC to list and trade shares of the 21Shares Sui ETF, marking a significant milestone for 21Shares.
- The Sui ETF has a market cap of $12.3 billion and SUI ETPs in Europe manage $317.2 million in assets.
- Following a $223 million exploit of the Cetus protocol within the Sui network, Sui initiated a $6 million reward program and a $10 million security fund for recovery.
- The filing reflects growing momentum behind alternative Layer 1 blockchain assets seeking traditional investment exposure, showing increasing regulatory receptivity towards altcoin ETFs.
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15 Likes
TheNewsCrypto
1M
391
RENDER on the Ropes: Will It Stabilize or Slide into New Lows?
- RENDER is trading around the $4.46 mark after a 7% slip with daily trading volume surging by over 164%.
- Crypto market cap settles at $3.42 trillion with top gainers including Quant, Walrus, and SPX6900, triggering assets to oscillate between highs and lows.
- RENDER has plummeted by over 7.77% in the last 24 hours, trading in the $4.46 range with a market cap of $2.31 billion. Daily trading volume surged by over 164%.
- The negative trading pattern of RENDER indicates a sturdy downtrend, with bears possibly triggering a drop to the $4 range. Market sentiment shows a bearish control as per technical indicators.
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23 Likes
TronWeekly
1M
387
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AVAX, Having Broken Out of a Falling Wedge, Could Rise to $61: Analyst
- AVAX has broken out of a falling wedge pattern, indicating a potential bullish trend ahead.
- The current price of AVAX is $23.46, having surpassed previous levels at $17 and $19.
- Analysts predict AVAX could reach price targets of $41, $52, and $61 based on technical analysis and resistance levels.
- The breakout from the accumulation area and positive technical indicators point towards a potential significant price increase for AVAX.
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99Bitcoins
1M
132
Virtuals Protocol Defying Gravity: A 100% Surge to $5 If Nvidia Wins?
- Virtuals Protocol's token VIRTUAL has surged by 500% in the last six weeks and could potentially reach $5, driven by its unique service offerings and bullish breakout formation.
- Analysts predict a positive revenue growth for Nvidia in Q1 2025, which could further boost AI tokens like VIRTUAL if Nvidia exceeds expectations.
- Virtuals Protocol has collaborated with a blockchain gaming studio, introducing its token VIRTUAL in play-to-earn and metaverse games to expand its utility and demand beyond speculation.
- The launch of a vote-escrowed staking model by Virtuals Protocol rewards VIRTUAL stakers with veVIRTUAL tokens, enhancing governance and reward distribution while incentivizing a HODLing culture.
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7 Likes
TronWeekly
1M
437
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XRP’s Low Volatility May Signal Massive Rally – Price Targets Above $3.80
- XRP is currently trading at $2.29, showing a slight daily drop and a 3.72% decrease over the week amid low volatility.
- Analysts predict a bullish reversal for XRP, with potential breakout targets projected up to $3.87.
- The SEC's advancement in reviewing the XRP ETF application signals cautious optimism towards crypto regulation, with a potential impact on future ETF approvals.
- Long-term forecasts predict a positive trajectory for XRP, with projections indicating a potential surge past $3.84 by 2025, backed by a supportive macro environment and growing institutional interest in cryptocurrencies.
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26 Likes
Coinjournal
1M
341
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CETUS token spikes 25% amid plans to fully recover hacked funds
- Cetus (CETUS) token spikes 25% as price jumps on positive news.
- Cetus Protocol team announces potential 100% recovery for victims of recent hack.
- Bulls could target recent highs of $0.25 as the price surges.
- Cetus token saw a significant increase in volume and market cap after the announcement.
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20 Likes
Cryptoticker
1M
22
Image Credit: Cryptoticker
Ethereum Name Service Ready to Explode?
- Ethereum Name Service (ENS) price is showing signs of potential breakout near $23.
- Daily and hourly charts indicate momentum building in favor of bulls.
- Resistance and support levels around $23 and $22.20–$22.40 are crucial for price action.
- A move above $23 could lead ENS towards $24.50–$27, while failure may push price back to test $21.80 support zone.
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1 Like
TheNewsCrypto
1M
113
Hold or Fold? Solana (SOL) Faces a Crossroads
- Solana (SOL) is currently trading around $174 with a daily trading volume surge of over 24%.
- Mixed sentiment in the crypto market has led to Solana bouncing between green and red candles.
- Solana's MACD indicator suggests bearish momentum, potentially leading to a downside correction.
- Altcoin's Chaikin Money Flow (CMF) indicator shows moderate buying pressure, with a possibility of a bullish trend if sustained.
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6 Likes
Cryptopotato
1M
250
Image Credit: Cryptopotato
Is Ethereum Poised to Breakout and Kickstart Altseason?
- Ethereum is currently outperforming the rest of the crypto market, showing a 3.2% gain while total capitalization has declined.
- There is speculation that Ethereum's movements may lead to an altseason, with analysts observing signs of Ethereum dominance holding at around 9%.
- Market sentiment towards Ethereum has turned bullish, with the asset nearly doubling in value since early April to around $2,642.
- Institutions like BlackRock continue to show interest in Ethereum, with their ETHA fund accumulating $4.4 billion worth of ETH over time.
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15 Likes
Coindoo
1M
109
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Crypto Market Cap Holds Steady at $3.33T as Bulls Defend Key Support
- The crypto market cap has been holding steady at $3.33 trillion, a critical point that has been both support and resistance in recent weeks.
- The $3.33T level aligns closely with the ~$108,000 price zone for Bitcoin, indicating a defining moment for the market.
- Currently trading slightly above $3.33T at around $3.41T, a continuation to the upside is possible, but a drop below this level may signal weakness.
- Traders are cautiously optimistic about the market outlook as long as it stays above $3.33T, but a sustained drop below this support could lead to bearish momentum.
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Newsbtc
1M
255
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TRON’s Correlation With Bitcoin Could Mean Massive Gains, Here’s Why
- TRON (TRX) has been performing well in the cryptocurrency market, gaining over 10% in the past month and showing a 0.7% increase in the last 24 hours, with the current price at $0.2748.
- TRX's growth aligns with the overall bullish trend of Bitcoin (BTC), hinting at potential gains driven by macro-level investor sentiment and Bitcoin's market movements.
- Assets like TRON, with a high correlation to Bitcoin, tend to reflect BTC's price actions, making them attractive to investors in terms of potential gains during bullish cycles.
- Analysts suggest that TRON's increasing network activity and correlation with Bitcoin could lead to significant value growth in the coming months, presenting opportunities for outperformance in strategic portfolio planning.
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15 Likes
TronWeekly
1M
273
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Can Jupiter (JUP) Surpass $0.64? Key Targets Await a Bullish Breakout
- Jupiter (JUP) is testing a key $0.64 resistance and has breakout targets at $0.7359, $0.8239, and $0.9301.
- The RSI is at 67.26, showing bullish momentum but approaching overbought levels.
- MACD indicates positive momentum, with traders advised to monitor signs of weakening trend strength.
- For sustained uptrend, Jupiter needs to daily close above $0.63 and increasing volume in breakout would support further price rises.
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16 Likes
TronWeekly
1M
409
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Chainlink’s Hidden Setup Could Send LINK to $3,000+: 3 Scenarios Explained
- Chainlink's native token, LINK, is poised to break free from a period of narrative suppression, with three potential price scenarios ranging from $80 to over $3,000.
- LINK's utility is strengthening, supported by factors like staking, cross-chain fees, and enterprise use cases, leading to increased demand.
- Possible price outcomes include a gradual appreciation to $80-$120 based on core functionalities, a surge to $250-$500 if narrative momentum aligns with limited supply, and a dramatic rise to $2,000-$3,000 if LINK becomes an essential part of the tokenized global economy.
- Chainlink's growing utility and market sentiment are driving optimism around the token's future price potential, with supply concentration indicating long-term ownership.
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24 Likes
Coindoo
1M
1.5k
Image Credit: Coindoo
Crypto Analyst Eyes WLD Entry, Signals Bullish Outlook for Fartcoin
- Altcoin Sherpa is analyzing Worldcoin ($WLD) for a potential entry point within a green demand zone, awaiting a retest of the lower zone for another upward move.
- Sherpa emphasizes the bullish trend of Fartcoin, advising against fading the rally due to its consistent higher highs and higher lows.
- Fartcoin’s well-structured bullish pattern and sustained interest from traders indicate continued strength in the token, despite possible short-term corrections.
- Altcoin Sherpa's trading strategy combines strategic patience with trend confirmation, offering traders opportunities in consolidation zones like $WLD and confirmed trends like Fartcoin.
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5 Likes
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