A naukri.com initiative
Cryptography News
Coinjournal
4w
394
Image Credit: Coinjournal
PEPE price prediction: can the memecoin break from the bear trend?
- PEPE price dropped by 21% this week amidst bearish pressure and technical challenges.
- The token struggled to recover key levels, signaling a bearish continuation.
- PEPE faces a critical zone at the point of control (POC) which could dictate its short-term direction.
- Geopolitical tensions between Iran and Israel have exacerbated risk-off sentiment in memecoins, including PEPE.
- The whale activity shows large holders are distributing PEPE, highlighting market vulnerability.
- Even positive news like FLOKI's token burn failed to improve investor sentiment.
- Market observers advise caution due to the ongoing risk-off environment and weak technical structure.
- PEPE's fate depends on the POC holding firm to stabilize price action.
- The upcoming FOMC decision and broader macroeconomic triggers could influence PEPE's short-term price action.
- Traders are closely monitoring whether PEPE will reverse its bearish trend or face further losses.
- The future trajectory of PEPE remains uncertain, with potential for heightened volatility.
- Market sentiment is cautious, with the focus on PEPE's ability to reclaim lost ground.
- PEPE's price outlook is hinging on the critical POC level to determine its trajectory in the coming days.
Read Full Article
23 Likes
Bitcoinmagazine
4w
385
Prenetics Becomes First Healthcare Firm to Launch Bitcoin Treasury Strategy With $20M BTC Purchase
- Prenetics Global Limited, a health sciences company, has purchased $20 million worth of Bitcoin for its corporate treasury strategy.
- The purchase includes 187.42 BTC at an average price of $106,712, with plans to allocate the majority of its $117 million balance sheet to Bitcoin.
- The company transferred ownership of ACT Genomics to increase its cash reserves to approximately $66 million and total liquid assets to around $117 million.
- CEO Danny Yeung stated the company now has a solid financial foundation for innovative treasury management approaches, including the Bitcoin strategy.
- Former OKEx COO Andy Cheung has been appointed to the Board of Directors and will implement active treasury management strategies.
- Prenetics plans to expand its BTC holdings through institutional partnerships and accept Bitcoin payments on its platforms, including IM8 Health and CircleDNA.
- The company is working with industry advisors Tracy Hoyos Lopez and Raphael Strauch to guide its Bitcoin strategy.
- Prenetics reported significant revenue growth in Q1 2025, with a 336.5% year-over-year increase.
- The company aims to implement a long-term Bitcoin strategy for transformative value proposition.
- Prenetics' move highlights Bitcoin's growth and potential integration within the healthcare sector.
Read Full Article
23 Likes
Cryptopotato
4w
8
Image Credit: Cryptopotato
Spot Ripple (XRP) ETFs Are Going Live in North America Today: Details
- Canadian regulators approve two spot XRP ETFs while the US SEC delays decisions on filings.
- 3iQ Corp's XRPQ ETF launches on the Toronto Stock Exchange with a 0% management fee for the first six months.
- XRPQ will invest in long-term XRP holdings from reputable digital asset platforms and OTC counterparties, storing assets in cold storage.
- Purpose Investments introduces the Purpose XRP ETF (XRPP), providing a secure and investable format for XRP's real-world utility.
- The Purpose XRP ETF will also trade on the TSX and aims to cater to Canadian investors seeking transparent access to digital assets.
- 3iQ Corp's President highlights XRP's growth potential and offers a cost-effective way for investors to access the opportunity.
- Purpose Investments' VP of Digital Assets emphasizes the XRP ETF as a simple and secure solution for investors looking for exposure to the digital asset market.
- Canada sees progress with XRP ETFs while the US SEC postpones decisions on ETF filings, including Franklin Templeton's application.
- The US SEC also seeks public comments on CBOE's proposal amidst ongoing delays in the decision-making process.
Read Full Article
Like
Coindoo
4w
305
Image Credit: Coindoo
Kaspa Struggles, Hyperliquid Dips, But BlockDAG’s $309.5 Presale Earnings & 2M X1 Users Make It the Crypto to Watch in 2025!
- Kaspa (KAS) and Hyperliquid (HYPE) face price dips affecting traders, while BlockDAG's impressive presale earnings and user base make it a standout crypto project for 2025.
- Kaspa experiences a price drop due to confusion over its logo, leading to a dip below $0.17, with recovery attempts amidst reduced trading volume.
- Hyperliquid's HYPE token sees a 6% decline to $0.88 after a recent rally, although strong open interest hints at a potential rebound opportunity.
- BlockDAG's BDAG project showcases significant growth with a 2,660% surge, 2 million miners on the X1 app, and $309.5 million presale earnings, setting it apart in the crypto market.
- Kaspa faces branding criticism, but fundamentals like fast block confirmation and mining activity support its resilience despite the recent price drop.
- Hyperliquid's open interest and positive funding rates suggest a possible rally back towards $1.05, but maintaining the $0.80 support level is crucial for bullish momentum.
- BlockDAG's mass adoption is evidenced by 2 million users mining on the X1 app across 150 countries before its launch, with strong presale earnings and infrastructure development.
- Investors eye Kaspa and Hyperliquid for potential entry points amidst price fluctuations, while BlockDAG's real-time progress and market access make it an appealing choice for buyers in 2025.
Read Full Article
18 Likes
Bitcoinmagazine
4w
225
Swiss Bitcoin Platform Relai & Casa Partner to Offer Multisig Bitcoin Security
- Swiss Bitcoin platform Relai partners with Casa to introduce a new Bitcoin saving and security solution
- The partnership aims to offer multisig Bitcoin security to users, addressing the need for long-term solutions for serious Bitcoin enthusiasts
- The app has over 500,000 downloads, more than 85,000 active users, and a total user investment exceeding $1 billion
- The integration provides a multisignature custody option through Casa's system, enhancing security by requiring multiple keys for fund access
- Users purchasing Bitcoin via Relai can now opt for storage using Casa's multisig system, with an inheritance feature for asset transfer planning
- Casa's CEO emphasizes the focus on maximizing sovereignty and security in bitcoin custody, aiming to make the process safe and simple
- The partnership represents a unique model combining Bitcoin accumulation with long-term custody and inheritance planning for everyday users
Read Full Article
13 Likes
Cryptoticker
4w
26
Image Credit: Cryptoticker
Dogecoin Is Sliding: How Low Can DOGE Price Go?
- Dogecoin (DOGE) price is currently under pressure, trading near $0.167 with decreasing momentum.
- The daily chart shows lower highs and lower lows, with DOGE below key moving averages, indicating downward pressure.
- DOGE price breakdown below $0.17 hints at short-term buyer exit, with potential further decline towards $0.125.
- Hourly chart indicates DOGE stuck below multiple moving averages, facing strong resistance around $0.169-$0.181.
- Failure to hold above $0.175 could lead to retesting $0.150, while a bounce could target $0.185 with a 10.7% rally.
- Overall, DOGE's trend is bearish on daily and hourly timeframes; potential 10-20% drop if $0.162 support breaks.
Read Full Article
1 Like
Coindoo
4w
292
Image Credit: Coindoo
Analyst Predicts $15 XRP Price by July 24, Signals ‘XRP Summer’
- An analyst predicts that XRP could reach $15 by July 24, referring to it as 'XRP Summer.'
- The prediction is based on historical fractals and Fibonacci levels, suggesting a potential explosive growth period.
- XRP's current pattern mirrors its 2017 consolidation phase before a significant breakout.
- The analyst highlights completion of a five-wave corrective structure, indicating a potential repeat of the previous breakout.
- XRP could target Fibonacci extensions up to $15, with the key level at the 1.618 Fibonacci extension zone.
- The technical structure shows XRP breaking above long-term resistance after a multi-year base, supported by volume buildup.
- The structural symmetry and historical timing suggest XRP might be on the verge of its largest price expansion in years.
- XRP was trading at around $2.22 at the time of analysis, with a 570% rally needed for the $15 target within just over a month.
- While the prediction is ambitious, the analyst maintains that XRP is structurally prepared for a significant upside potential.
Read Full Article
17 Likes
Coinjournal
4w
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.
Read Full Article
22 Likes
Coindoo
4w
141
Image Credit: Coindoo
K33 Launches Share Offering to Fund Bitcoin Accumulation Strategy
- K33 has announced a share offering valued at a minimum of SEK 85 million to acquire Bitcoin for its balance sheet.
- The move is part of a strategy to improve operational leverage, margins, and attract institutional partnerships.
- Pareto Securities is appointed as the sole manager and bookrunner for the offering, with shares priced at SEK 0.1036.
- CEO Torbjørn Bull Jenssen sees the offering as a milestone in K33's goal to accumulate 1,000 BTC.
- Proceeds will directly fund BTC purchases to strengthen the balance sheet and introduce new products.
- The offering targets Swedish and international investors with a minimum subscription amount set at EUR 100,000 equivalent.
- Subscription opens on June 18, closing on June 19, with allocation decisions expected soon after.
- Existing shareholders and the CEO have made pre-commitments towards the offering.
- Participants need to back related resolutions at the upcoming general meeting in July.
Read Full Article
8 Likes
Coinjournal
4w
115
Image Credit: Coinjournal
SHIB price forecast: Shiba Inu hits a two-month low; will it dip lower?
- SHIB, the native coin of the Shiba Inu ecosystem, has hit a two-month low and dropped to the 19th place in the market.
- The coin might dip lower to the $0.00001030 support level if current market conditions persist.
- SHIB's decline is attributed to broader crypto market losses and U.S. stock market weakness.
- A massive sell-off occurred after SHIB failed to break the $0.00001230 resistance level.
- Market analysts suggest SHIB's performance is influenced by global economic factors and trade disputes, leading to increased volatility.
- Yesterday's decline was linked to President Trump's remarks regarding Iran, intensifying tension and impacting market sentiment.
- SHIB's technical indicators are bearish, with RSI at 39, indicating an oversold condition.
- The MACD in the negative zone suggests bears are currently in control of the market.
- SHIB could potentially test the $0.00001030 support level in the near future, marking a significant low since early April.
- Market movements related to the Israel-Iran conflict and FOMC meeting outcomes could influence SHIB's performance and the broader crypto market.
- Traders are monitoring for potential rallies based on geopolitical developments and Federal Reserve interest rate policies.
- Analysts are cautious about SHIB's short-term outlook due to prevailing bearish indicators.
- The overall sentiment remains uncertain as market conditions and global factors continue to impact SHIB's price movement.
- Investors are advised to closely follow market updates and key events to gauge potential price trends.
- The future of SHIB and its price trajectory will depend on a combination of technical analysis and geopolitical developments.
Read Full Article
6 Likes
Coinjournal
4w
186
Image Credit: Coinjournal
Dogecoin price prediction as DOGE drops below $0.2
- Dogecoin (DOGE) price has fallen below $0.20 amid increasing bearish pressure.
- Analysts are warning of a potential further decline towards the $0.10 level.
- Dogecoin whales are reportedly reducing their holdings.
- The recent dip in Dogecoin's price has raised concerns about its uptrend sustainability.
- In the past week, Dogecoin has lost over 15% of its value amidst market uncertainty.
- Technical indicators suggest bearish pressure on Dogecoin, with the MACD signaling a sell-off.
- Long-term holders of Dogecoin are moving funds to alternative assets, indicating a possible exit strategy.
- Not all analysts agree on Dogecoin's future, with some suggesting a bullish breakout pattern.
- Some traders predict a potential surge in Dogecoin's price to $0.6533 and even $1.25 in an extended rally.
- Despite optimistic views, the majority of analysts are currently bearish on Dogecoin in the short term.
- Pressure on Dogecoin's support levels has sparked concerns about a drop to $0.10.
- Elon Musk's comments on government adoption of DOGE have impacted speculative market sentiment.
- Past volatility and market swings have characterized Dogecoin's history, leading to unpredictable price movements.
- Traders are closely monitoring Dogecoin's charts for potential defining moments.
- The article discusses various predictions and factors influencing Dogecoin's current price dynamics.
- The future outlook for Dogecoin remains uncertain amidst conflicting expert opinions and market conditions.
Read Full Article
11 Likes
Coindoo
4w
287
Image Credit: Coindoo
What Could be The Only Thing Holding ETH Back From $4,000 Breakout
- Ethereum's price is testing the 50-week Exponential Moving Average (EMA), historically seen as a bullish launchpad.
- Past breakouts above this average resulted in gains ranging from 25% to 135%, projected to increase ETH close to $4,000.
- These historical rallies averaged about 58% rise after surpassing the 50-week EMA.
- ETH's move above this level in the past correlated with bullish momentum, crypto strength, and investor confidence.
- Currently around $2,589, Ethereum needs a confirmed breakout and sustained hold above the 50-week EMA to continue upward.
- Traders anticipate a potential significant ETH price increase to $4,000 if it surpasses this technical threshold.
- Technical analysis suggests a favorable risk-reward scenario for traders closely monitoring Ethereum's performance.
Read Full Article
17 Likes
Coinjournal
4w
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.
Read Full Article
9 Likes
Cryptopotato
4w
372
Image Credit: Cryptopotato
Pi Network’s Price at a Crossroads: Bullish vs Bearish PI Scenarios
- PI's Relative Strength Index (RSI) nears oversold levels, indicating a possible price surge ahead.
- However, increased tokens held on exchanges may result in selling pressure, potentially impeding bullish movement.
- Recent geopolitical tensions, like the Israel-Iran conflict, have slowed the crypto market's growth.
- Pi Network's native token faced a decline, dropping below $0.40 on June 13 before recovering to around $0.54.
- PI's current RSI stands at approximately 32, suggesting a potential short-term recovery.
- Optimistic price predictions indicate that selling PI at the current rate may not be favorable.
- Over 346 million PI tokens are currently held on exchanges, signaling a bearish scenario in the near future.
- The increase in tokens stored on trading platforms, up by approximately 82 million in a month, indicates a possible supply influx.
- Moving assets to centralized platforms is seen as a pre-sale step, potentially leading to further setbacks for the bulls.
Read Full Article
22 Likes
Coindoo
4w
186
Image Credit: Coindoo
Chinese Tech Giant Pursue Global Stablecoin Licenses
- JD.com plans to pursue stablecoin licenses tied to major sovereign currencies for global B2B transactions, aiming to reduce costs by up to 90% and enable quick transfers.
- The company aims to apply for stablecoin licenses in major sovereign currency countries globally to facilitate seamless international transactions.
- JD.com intends to use its stablecoin to bypass SWIFT's expensive and time-consuming infrastructure for payments.
- The move by JD.com aligns with the regulatory momentum surrounding dollar-pegged digital assets, particularly in the U.S.
- China's People's Bank of China Governor acknowledged the impact of stablecoins and blockchain on the traditional payment system, highlighting efficiency gains and regulatory challenges.
- JD.com's stablecoin aspirations could place the tech giant at the forefront of the evolving digital finance landscape.
- The news signifies a strategic push by JD.com to leverage stablecoins for global financial transactions and their potential impact on payments and finance sectors.
Read Full Article
11 Likes
For uninterrupted reading, download the app