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Altcoins News
TronWeekly
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Image Credit: TronWeekly
Ethereum Price Prediction: Triple Bottom Forms, $3K Breakout Imminent
- Ethereum is currently trading at $2,521.18, with a 1.72% decline and weekly losses of around 8.66%.
- A bullish 'triple bottom' pattern is forming, indicating a potential rally towards $3,000.
- Analysts predict Ethereum could surge to $5,494.68 by the year-end, driven by technological advancements and increased adoption.
- Ethereum's growth is attributed to new technology, corporate interest, and its role in DeFi, NFTs, and Web3 projects.
- Ethereum 2.0 updates and improved usability are attracting more users and developers, fueling its growth.
- Technical analysis suggests a bullish reversal for Ethereum, with a clear support level near $2,485 and a breakout potential towards $3,000.
- BTC integration options up to $3,000 with the broader market support momentum.
- Short-term trends indicate positive signs for ETH, with expectations of surpassing $4,891.70 and potentially reaching $5,494.68 by 2025.
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Coindoo
3w
123
Image Credit: Coindoo
Top Altcoins Defy Market Slump With Massive June Gains
- Several altcoins have shown strong double-digit gains in June despite overall market downturn.
- Newton (AB) leads with +113.73% gains, followed by SPX6900 (SPX) with +97.86%.
- Other notable gainers include WhiteRock (WHITE), WhiteBIT Token (WBT), and Hyperliquid (HYPE) with significant increases.
- Maple Finance, Kaia, and Klaytn also posted healthy gains, outperforming larger-cap assets.
- Altcoin market often mirrors Bitcoin's movements; sustainability of rallies depends on crowd sentiment.
- If retail investors fuel FOMO buying, it may lead to overheated sentiment and reversals; skepticism could extend rallies.
- Understanding crowd psychology is crucial during mixed signal periods; altcoins like Newton, SPX6900, and WhiteRock stand out.
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TheNewsCrypto
3w
97
KAIA Price: Can the Momentum Keep Burning Bright?
- Kaia (KAIA) is currently trading at around $0.16 with a surge in daily trading volume by over 79%.
- The overall market sentiment is neutral, leading to a market cap loss for various crypto assets, including Bitcoin (BTC) and Ethereum (ETH).
- KAIA has experienced a 3.48% surge in the last 24 hours, opening the day at $0.1514 and reaching a high of $0.166.
- The asset's market cap stands at $966 million, with a significant increase in trading volume to $82.8 million.
- Over the last thirty days, KAIA has gained 40.73%, moving from a monthly low of $0.10 to a high of $0.17.
- The bullish momentum could push KAIA towards testing resistance at $0.1622, potentially leading to a golden cross formation.
- However, a possible downside could see KAIA retract to its immediate support at $0.1591, which, if broken, may lead to a bearish trend.
- Technical indicators like MACD, CMF, RSI, and BBP suggest a bullish trend for KAIA, with a balanced RSI indicating neutral territory.
- The ongoing analysis indicates a potential bullish market for KAIA.
- The broader market scenario of crypto assets, including Bitcoin's current price level at $104K, is also highlighted.
- Bitcoin's price stability around $104K and KAIA's bullish outlook are under scrutiny in the crypto market.
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TronWeekly
3w
344
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Polygon (MATIC) Eyes $0.21124 Target as Reversal Signals Strengthen
- Polygon (MATIC) is showing stability near the $0.19295-$0.19122 support zone, suggesting a possible base formation.
- A close above the 9 EMA and 20 SMA near $0.20 could trigger short-term upside momentum.
- Key resistance at $0.20733 may lead to a breakout targeting the $0.20936-$0.21124 zone.
- Repeated bounces from support hint at accumulation and a potential shift toward a bullish reversal.
- The 9-period EMA is near $0.19935, a break above which could signal further upside.
- Reclaiming the $0.20936-$0.21124 zone would indicate buyers gaining control.
- Defense of the $0.19122 support zone with bounce backs suggests accumulation by buyers.
- A breakout move may occur once momentum shifts between current price levels and resistance.
- Closure above $0.20-$0.21 could lead to a recovery push toward $0.23 and beyond.
- Historical buying interest and rejection of deeper downside support a potential short-term reversal.
- MATIC currently trades at $0.1965 amid signs of a possible trend reversal.
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Coindoo
3w
66
Image Credit: Coindoo
Top Stablecoin Projects Ranked by Market Size and Collateral
- Circle's stock price has surged 434% from its IPO price of $31, reflecting strong investor interest in the stablecoin issuer of USDC.
- USDC ranks as the second-largest stablecoin with a market cap of $61.58 billion, behind Tether's USDT which leads with $155.51 billion.
- Wu Blockchain's report highlights the top 10 stablecoins by market cap, issuer, and collateral structure.
- USDT is backed by USD cash and U.S. Treasuries while USDC is collateralized by cash and short-term Treasuries.
- Other stablecoins in the top 10 include USDS, USDE, USD1, FDUSD, PYUSD, XAUT, PAXG, and TUSD with varying collateral mechanisms.
- Circle's soaring valuation reflects the growing institutional demand and regulatory clarity in the stablecoin market.
- Regulatory frameworks are influencing the stablecoin sector towards transparency and collateral quality.
- The combined market cap of the top 10 stablecoins indicates a maturing industry with Circle and Tether leading the market.
- The article originally appeared on Coindoo.
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TronWeekly
3w
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Image Credit: TronWeekly
Ethereum Whale Returns With $221 Million Buying Spree Amid Market Dip
- An Ethereum whale recently bought 85,465 ETH worth $221 million at an average price of $2,584.
- Key resistance for Ethereum is at $2,675, while support lies between $2,500–$2,575.
- ETH reclaimed a 5% futures premium after dipping to $2,440, showing renewed trader confidence.
- The whale address 0xd8d0, known for securing over $30 million in Ethereum profits, spent $37.15 million to buy 15,000 ETH at $2,477.
- The same whale invested roughly $221 million in USDC to accumulate 85,465 ETH, showcasing strong confidence in Ethereum's future performance.
- During a market dip, the whale acquired 48,825 ETH worth $127 million at an average price of $2,605.
- Ethereum's price is consolidating between $2,500 and $2,675 with support at $2,500 and resistance at $2,675.
- Despite recent fluctuations, ETH remains above $2,500, facing a challenge near the $2,675 resistance level.
- Derivative data suggests growing trader confidence with the Ether futures premium recovering to 5%.
- The 200 EMA and 200 SMA are important support levels at approximately $2,575 for Ethereum.
- A breakout above $2,675 with increased volume could push the price towards $2,850 – $3,000.
- Ethereum remains in a tight consolidation zone and must protect the $2,500–$2,575 support range to avoid further decline.
- While retail investors panic-sell, the whale continues to buy large amounts of ETH from centralized players.
- The price surge past $2,675, accompanied by rising volume, could be key in reaching $2,850 – $3,000.
- Maintaining support at $2,500–$2,575 is crucial for Ethereum to avoid a deeper fall towards $2,400.
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TronWeekly
3w
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Image Credit: TronWeekly
XRP ETF Debuts on TSX: Canada Leads with First Spot Offering
- Canada leads with the first spot XRP exchange-traded fund (ETF) listed on the Toronto Stock Exchange by 3iQ Corp.
- XRPQ, backed by Ripple, offers 0% management fee for the first six months and provides direct exposure to XRP secured in cold storage.
- Legal delays in Ripple's U.S. case may offer buying opportunities as XRP stands at $2.13.
- XRPQ's launch marks a milestone in the crypto industry with XRP becoming the fourth-largest cryptocurrency to have an ETF.
- Ripple Labs is involved in institutional adoption and an early investor in this XRP ETF.
- Despite the ETF news, XRP maintains a trading price around $2.13 with no significant bullish reaction observed yet.
- The legal pause in the Ripple-SEC case could present opportunities for institutions to enter the market.
- Once capital flows into the XRP ETF and legal clarity is achieved, XRP is poised for significant price upside.
- 3iQ's XRP ETF comes after the success of the Solana Staking ETF and aims to provide safe entry to blockchain networks for Canadian investors.
- Canada's leadership in digital asset ETFs sets a precedent for other countries amidst U.S. regulatory challenges.
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TronWeekly
3w
309
Image Credit: TronWeekly
BNB Transactions Jump 150% to 15 Million as Price Eyes $700
- BNB daily transactions surged 150% to 15 million, with active addresses nearing 2 million since early May.
- Derivatives volume increased by 63.8% to $630.92 million; options volume soared by 102.7% to $2.37 million.
- BNB price holds support at $652 and faces resistance at $700; long/short ratio is at 1.70.
- Daily transactions for BNB rose from 6 million to over 15 million since early May, signaling growing utility and user engagement.
- BNB was trading at $652 with a slight intraday weakness of 0.09% at press time.
- Long/short ratio on Binance stands at 1.70, with 63.02% of accounts holding long positions.
- Fluctuations in the long/short ratio suggest uncertainty and potential limitations for BNB's near-term breakout.
- Derivatives trading saw a significant increase, with volume surging and options activity jumping notably.
- Options open interest rose by 47.29%, indicating heightened hedging or speculative activity.
- Stability in long dominance might impact BNB's ability to make substantial price movements in the foreseeable future.
- BNB's price remains above a key trendline, with resistance at $700 and support at $625; balanced momentum observed.
- Market interest in BNB is growing, as reflected by rising network activity, solid support levels, and increased derivatives engagement.
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Coinpedia
3w
35
Image Credit: Coinpedia
Institutions Stack Solana Ahead of SOL ETF—Will This Be the Catalyst for the Price to Reach $1000?
- Solana price remains stable around $146, showing a slight 3-4% decrease from recent highs.
- Institutions are showing interest in Solana, with significant assets bridged to the network from other chains, including $70 million from Ethereum.
- The movement of assets to Solana indicates growing cross-chain confidence and utility, potentially signaling bullish momentum.
- Solana is currently within a bullish pattern despite facing bearish pressure, with the price close to $145.
- The token is forming lower highs and lows but is within a large bullish structure, suggesting possible support at $143 or $140.
- Technical indicators like the CMF and RSI point to a potential rebound from the $140 support level.
- The SOL price is trading within a cup & handle pattern, with the potential to trigger an upswing if support at $133 is maintained.
- Overall, market sentiment for Solana remains positive, supported by on-chain activity and ecosystem growth.
- The article focuses on Solana's price analysis and institutional interest in the context of potential ETF approval.
- Altcoins Price Analysis is a relevant tag for the content, highlighting the focus on Solana's price movement and market trends.
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Coinjournal
3w
380
Image Credit: Coinjournal
Hyperliquid price outlook amid Eyenovia’s $50M HYPE treasury strategy
- Hyperliquid (HYPE) price fell below $40 amid profit-taking and crypto sell-off.
- Despite Eyenovia's $50 million investment in HYPE for its treasury strategy, the price dipped 5%.
- Bears may target deeper price dips if bulls give up territory.
- Eyenovia, Inc., a Nasdaq-listed ophthalmic technology firm, plans to add HYPE to its crypto treasury.
- This move represents a significant milestone for both firms, aligning with the trend of companies increasing exposure to digital assets.
- HYPE extended losses following a recent all-time high, with profit-taking cited as a reason for the decline.
- Eyenovia's $50 million investment aims to acquire 1 million HYPE tokens as part of its treasury strategy.
- Hyunsu Jung has been appointed as Chief Investment Officer to lead this initiative.
- Eyenovia emphasizes focusing on long-term capital appreciation and shareholder value with this strategic pivot.
- The company's plans to stake HYPE tokens via Anchorage Digital's platform further highlight their commitment to this strategy.
- HYPE's price struggles to maintain momentum above $40, with technical indicators showing a bearish outlook.
- Despite the current price dip, analysts believe institutional endorsements could drive HYPE's value higher.
- Hyperliquid remains a strong project with significant perpetuals volume and revenue.
- Eyenovia stands out as the first US public company to adopt HYPE, potentially setting a precedent for DeFi tokens.
- Overall, the outlook for HYPE remains uncertain amidst market fluctuations and institutional interest.
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Crypto-News-Flash
3w
349
Image Credit: Crypto-News-Flash
Binance Leads Altcoin and Stablecoin Deposits with Massive Daily Activity
- Binance leads in altcoin and stablecoin deposit transactions, showing strong user activity on Ethereum and TRON networks.
- The exchange remains a preferred destination with high altcoin deposit numbers, surpassing competitors like Coinbase during market rallies.
- During the November-December 2024 altcoin rally, Binance recorded up to 59,000 altcoin deposit transactions in a single day.
- Even on quieter days, Binance excels with an average of 13,000 altcoin deposit transactions per day compared to competitors.
- Altcoin deposit spikes often follow market rallies as traders move profits, potentially indicating imminent market movements.
- Binance also dominates in stablecoin deposits on Ethereum and TRON networks, showing its strength in capital positioning.
- Binance received 384,000 USDT inbound transactions on TRON over the last 7 days, showcasing its appeal for traders storing liquidity.
- Currently holding over 60,000 BTC in unrealized profits, Binance demonstrates users' continued trust in the platform.
- Recent data indicates a resurgence in inflows to Binance after a withdrawal trend, hinting at renewed trader activity.
- Analysts observe significant stablecoin inflows to Binance, reaching $400 million per day, coinciding with Bitcoin withdrawals, hinting at market movements.
- The combination of stablecoin inflows and Bitcoin withdrawals on Binance is seen to influence market dynamics, potentially leading to price increases.
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TheNewsCrypto
3w
176
Story Protocol Crashes 13% as Death Cross Signals Extended Bearish Run
- Story Protocol (IP) experienced a 13% intraday drop to $3.047 due to extreme bearish momentum with technical indicators flashing warning signals.
- A death cross formation was confirmed as the 50-day and 20-day EMAs breached, indicating long-term downward pressure since reaching highs near $5.000 in May.
- The breach of the 50-day and 20-day EMAs confirms a long-term bearish bias in IP's trading, signaling potential further downside from its current $3.07 price.
- The MACD indicator shows weakening momentum with signals crossing bearishly and the RSI at 18.62, indicating an oversold condition and potential weakness in bullish momentum.
- Institutional and retail players seem to be de-risking their positions in Story Protocol as selling volume increases, pushing the price to critical support levels around $3.000.
- To initiate a significant recovery, Story Protocol needs to surpass the $3.648 mark and maintain sustained buying pressure above the 50-day EMA to shift the technical outlook to neutral.
- The news also mentions Washington State's first crypto ATM ban going into effect in Spokane.
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Coinjournal
3w
150
Image Credit: Coinjournal
Bitcoin Cash price forecast: BCH steady despite profit taking
- Bitcoin Cash (BCH) price remains stable above $470 despite profit-taking in the market.
- There is a possibility for BCH to reach December 2024 highs near $640 if it breaks above $500.
- However, failure to move decisively past $500 may lead to further declines, especially if bearish momentum strengthens.
- BCH is trading slightly below $470, down 0.3% for the day, outperforming other major altcoins that have seen larger declines.
- The total cryptocurrency market capitalization has decreased by 1.5% to $3.26 trillion, reflecting a broader retreat in global risk assets.
- Bitcoin Cash has demonstrated resilience despite increased profit-taking, geopolitical uncertainties, and macroeconomic pressures affecting investor sentiment.
- Recent military tensions between Israel and Iran have contributed to market volatility, impacting cryptocurrencies like BCH and Bitcoin.
- BCH recently pulled back from multi-week highs near $480 due to profit-taking seen across the market.
- The US Senate's approval of the GENIUS Act brings positive developments, but overall uncertainty persists, leading to cautious investor behavior.
- Bulls are defending the $400 support level for BCH within an ascending triangle pattern, hinting at a potential bullish breakout.
- Open Interest (OI) in BCH futures has risen by 2.8% to $487 million, indicating continued trader confidence.
- Technical indicators show optimism for BCH, with the RSI at 65 indicating sustained bullish momentum and the MACD signaling a bullish crossover.
- If BCH surpasses the $500 resistance level, the next target could be the December 2024 highs of $640, potentially triggering a broader rally.
- Strong support levels exist at $400 and $375, with a breach below these levels potentially intensifying bearish pressure, especially if Bitcoin drops below $100k.
- Overall, Bitcoin Cash price remains resilient in the face of profit-taking and market uncertainties, showcasing potential for bullish momentum.
- Despite recent fluctuations, BCH's technical indicators and support levels suggest a balanced outlook for potential price movements.
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Coinpedia
3w
287
Image Credit: Coinpedia
Pi Network Price Nears All-Time Low Again
- Pi Network's price is nearing its all-time low again, hovering around $0.50 amidst various challenges.
- Technical indicators suggest Pi Network may be nearing oversold conditions, potentially signaling a bounce-back.
- Momentum indicators are hinting at growing bullish pressure, with signs of a potential upside movement.
- If Pi Network breaks through key resistance levels, it could aim for higher targets such as $0.61 and $0.71.
- Failure to maintain support levels could lead to a drop to $0.45 or revisit the recent low of $0.40.
- The community's upcoming Pi2Day celebration on June 28 may bring fresh excitement and buying interest.
- The release of 337 million unlocked Pi tokens over the next month poses a threat to price stability, adding selling pressure.
- Pi Network faces challenges like no DApps, unclear mainnet launch, and absence from major exchanges like Binance and Coinbase.
- The ongoing market weakness and token unlocks could further impact the fragile price action of Pi Network.
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99Bitcoins
3w
221
What Is EnterBeat Crypto? EBT Price Prediction After 300% Skyrocket
- EnterBeat aims to empower creators and disrupt the entertainment industry with its native token EBT
- EBT surged 300% in 24 hours post BingX listing, showing potential for further gains
- Not all tokens sustain uptrends after listing, but EBT has been a top performer, outperforming some Solana meme coins
- EnterBeat operates as a dApp on Ethereum's layer-2 chain, Base, utilizing NFTs to reward creators and engage users
- The project focuses on a creator-first approach, allowing artists to mint, monetize, and manage content using smart contracts
- EBT's recent rally is attributed to fundamental events like BingX listing, offering exposure to traders and the project launching on the Base chain
- By Q4 2025, EnterBeat plans to launch a beta version of its platform for select users, benefiting from the shift towards creator economies
- EnterBeat is riding the wave of the creator economy trend, similar to successful projects like Zora and Kaito
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