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Cryptopotato
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Crypto Exchanges See Low Selling Pressure Even as Prices Surge: CryptoQuant
- Recent surge in prices of major crypto assets have not led to high selling pressure among investors, as indicated by decreased flows to crypto exchanges.
- Bitcoin, ether, and XRP are experiencing significantly reduced inflows and deposits on exchanges despite nearing all-time highs, implying investors are more inclined towards holding than selling.
- BTC inflows to exchanges have dropped from 121,000 to 22,000 daily, while ETH inflows fell 70% and XRP deposits declined from 4 billion to 46 million.
- Amid this trend, Tether (USDT) reserves on exchanges have reached an all-time high of $46.9 billion, contributing to increased market liquidity.
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Coindoo
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Pakistan Dedicates 2,000 Megawatts to Bitcoin Mining and AI
- Pakistan dedicates 2,000 megawatts to Bitcoin mining and AI as part of a digital transformation agenda led by the Pakistan Crypto Council with support from the Ministry of Finance.
- The initiative aims to monetize unused power resources, attract foreign investment, and promote high-tech innovation, positioning Pakistan as a key player in the digital infrastructure sector.
- Under the plan, power will be allocated to AI infrastructure and BTC mining operations, with tax incentives and duty exemptions introduced to encourage adoption and attract investors.
- Pakistan sees this move as an opportunity to become a regional leader in crypto and AI technologies, emphasizing the importance of enforcing formal regulations and ensuring transparency in the sector.
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Coindoo
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Peanut the Squirrel Price Prediction: Can PNUT Hit $1 Again or Will Troller Cat Unleash a 3538.79% Surprise?
- Bitcoin hitting a new all-time high has ignited interest in altcoins like Solana, XRP, and Dogecoin, leading investors to seek the next breakout, especially in meme coins.
- Peanut the Squirrel (PNUT) and Troller Cat (TCAT) are two meme coins currently gaining attention in the market.
- PNUT has seen significant growth from its November low to its current value, with a strong social media presence and meme appeal.
- Meanwhile, TCAT has been making waves with its presale structure, offering potential ROIs as high as 3538.79% and unique tokenomics.
- TCAT's Game Center drives deflation through gameplay, utilizing ad revenue to buy back and burn tokens, creating upward price pressure.
- PNUT's price has surged in the past six months, with predictions indicating a potential run towards $1.25 by early 2026, contingent on evolving beyond branding.
- Investors keeping an eye on PNUT are expecting advancements in utility, possibly through gaming, NFTs, or staking.
- TCAT, with its Ethereum-backed smart contracts and strategic token structure, aims to climb the meme coin ranks progressively through staking, referrals, and deflationary mechanisms.
- Investing in TCAT before its full listing could provide substantial returns, driven by the unique features such as staking and referral bonuses.
- Both PNUT and TCAT offer distinct narratives in the meme coin landscape, with PNUT relying on community momentum and TCAT on strategic tokenomics and deflationary strategies.
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Coindoo
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BONK Spiked 2000%—BTFD’s 11,900% Moon Potential is the Best New Meme Coin to Buy and Hold for Short Term Before May 26!
- BTFD Coin (BTFD) is gaining traction with over $7.14 million raised and a unique ecosystem including a Play-to-Earn game and high APY staking.
- With the presale ending on May 26 and launch on May 27, BTFD Coin presents a significant opportunity for short-term investment with a 300% bonus offer.
- The project is built on Ethereum, offers strong tokenomics, and has an active community supporting its growth.
- Investing $8,000 in BTFD at its presale price could potentially yield an 11,900% ROI if the moon price of $0.006 is reached.
- BONK, a previous success story, saw a spike of nearly 2000% in early 2023 but has now settled, creating an opportunity for newer projects like BTFD Coin.
- BTFD Coin's presale is attracting attention from investors looking for the next high-growth meme coin to capitalize on before the official launch.
- With live gaming features, staking rewards, and a limited-time bonus code, BTFD Coin aims to differentiate itself in the meme coin market.
- The project's unique proposition and deadline-driven investment window make it an enticing option for those seeking short-term gains.
- Investors have a last chance to participate in BTFD's presale before the final stage closes, potentially locking in significant returns if the project performs well post-launch.
- BTFD Coin's strategic approach, combined with its play-to-earn model and bonus incentives, positions it as a promising new meme coin for investors looking to ride the next wave of growth.
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Coindoo
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Trader Closes PEPE Positions with $25 Million Profit
- Trader Wynn has made headlines by closing PEPE positions with a $25 million profit, adding to his previous $25 million gain from the memecoin.
- Wynn's success in making over $50 million through PEPE trades highlights an exceptional success story in memecoin trading, showcasing his market timing and risk management skills.
- However, analysts warn that Wynn's results are rare in a high-risk environment like memecoin trading, where most investors tend to lose money due to leverage and volatility.
- While Wynn's achievement serves as inspiration, it also serves as a cautionary tale for traders looking to follow his footsteps in the lucrative yet risky PEPE market.
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Zycrypto
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Elon Musk’s Company Tesla (TSLA) Owns 11,900 BTC Worth $1.2 Billion
- Tesla, led by Elon Musk, owns 11,900 BTC worth $1.2 billion according to Arkham Intelligence and previous SEC filings.
- Tesla initially purchased 43,200 BTC worth about $1.5 billion in Q1 2021, later introduced measures like allowing BTC payments for EV cars but subsequently dropped the option due to environmental concerns.
- Tesla employs Coinbase Prime Custody for its Bitcoin treasury and has been reconsidering use cases due to environmental impacts of Bitcoin mining.
- Elon Musk sold a portion of Tesla's initial BTC holdings, but Tesla's current BTC holdings have increased in value to around $1.2 billion amid rising BTC prices.
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Cryptopotato
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Bitcoin Price Analysis: BTC Displays Signs of Weakness Following New All-Time High
- Bitcoin reached a new all-time high of $112K but is showing signs of weakness in its bullish momentum.
- Technical analysis indicates that Bitcoin is facing a minor pullback towards the $109K support level, with potential for further upside towards $115K.
- On the 4-hour chart, Bitcoin maintains a bullish market structure but a break below key support levels could lead to a correction towards $100K.
- On-chain analysis suggests that profit-taking among short-term traders contrasts with long-term holders' accumulation behavior, indicating potential for continued uptrend in the mid-term.
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Coindoo
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Qatar Financial Centre Bets Big on Tokenization, Not Crypto
- Qatar Financial Centre (QFC) is focusing on tokenization over cryptocurrencies to unlock liquidity and economic growth, particularly in real estate and Islamic finance sectors.
- QFC CEO emphasized that tokenization of real-world assets like property and securities democratizes access to illiquid assets, solving a real problem.
- QFC launched Digital Asset Regulations and specific rulebooks for investment tokens and security tokens to create a pathway for digital asset firms, targeting Qatar's oversupplied real estate sector.
- The controlled model of tokenizing assets within Special Purpose Vehicles (SPVs) under QFC's registry helps manage risk, and QFC aims to expand tokenization to other asset classes to support economic diversification.
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Cryptoticker
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Top 3 Reasons to Buy XRP Coin Today
- XRP price is currently near key support at $2.25, with optimistic predictions pointing towards a potential rally to $2.80–$3.00 range in the coming weeks.
- Ripple's expanding global use case and utility in cross-border payments, along with institutional attention and oversold RSI, suggest a possible bounce in XRP price.
- Recent news highlights Ripple's partnerships across Asia, Latin America, and the Middle East, reinforcing the demand for XRP as a bridge currency in the financial sector.
- Technical analysis indicates that if XRP price holds above $2.25 and breaks the 50-period SMA resistance at $2.37, a bullish move towards $2.50 and potentially to $2.80–$3.00 is expected.
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Cryptopotato
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Ethereum Price Analysis: Is ETH Primed for a ‘Healthy’ Correction?
- Ethereum is struggling to reclaim the 200-day MA of $2.7K and forming a double-top pattern, hinting at a potential corrective phase towards $2.2K.
- ETH's Daily Chart shows strong resistance at $2.7K, forming a double-top pattern, pointing towards a short-term correction before a breakout.
- On the 4-Hour Chart, Ethereum's price is within an ascending wedge, signaling weakening momentum and potential pullback to $2.2K.
- Onchain Analysis indicates increased selling activity, with the possibility of a deeper correction to $2.2K unless aggressive selling subsides, paving the way for a bullish breakout.
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Coindoo
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USDC Activity on Ethereum Hits All-Time Highs
- The total outstanding supply of USDC on Ethereum remains stable at around $40 billion, but the volume and frequency of transfers have significantly increased.
- The monthly transfer volume of USDC on Ethereum has reached approximately $635 billion, with a record high of around 7.2 million monthly transfers, indicating a surge in on-chain stablecoin utility.
- The increased usage of USDC in smaller, frequent transactions suggests growing adoption for everyday payments, trading, and DeFi activities.
- This trend emphasizes Ethereum's role as the primary infrastructure for stablecoin settlement and highlights the network's importance in facilitating high-frequency, low-cost transactions in the Ethereum ecosystem.
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Zycrypto
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Ruvi AI (RUVI) Could Hit $1 Valuation After Listing while ETH Rallies to $2,556 in 24 Hours
- Ethereum (ETH) has surged to $2,556, marking a 4.3% weekly gain and showcasing renewed market confidence.
- Ruvi AI is gaining attention as a decentralized AI superapp, aiming to reshape the blockchain landscape with scalability and usability features.
- Ruvi AI's presale saw significant success, selling out Phase 1 in over two weeks and paving the way for a potential value increase to $1.
- Ruvi AI offers leaderboard rewards for contributors and has partnered with WEEX Exchange to enhance liquidity, underlining its commitment to community empowerment and innovation.
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Coindoo
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Ethereum May Be Overlooked — But the Data Points to a Turning Point
- Alphractal's data suggests that Ethereum may be at a turning point despite recent market neglect.
- Selling pressure on Ethereum is slowing down, hinting at a possible trend reversal.
- Volatility is brewing as liquidations cluster around key levels, signaling imminent market movements.
- Ethereum's risk/reward profile is improving with a more optimistic Sharpe Ratio and moderate-risk NRM, presenting opportunity for informed investors.
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Coindoo
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Bitcoin Price Slips Below $108,000 — Key Levels to Watch Next
- Bitcoin price slips below $108,000, slightly down from a recent high of over $111,000.
- Bitcoin trading at a tight range with a 24-hour high of $107,843.79 and low near $107,567.
- Key technical levels show immediate support at $106,000 and resistance at $109,000 and $111,000.
- Short-term momentum slows down while the larger trend remains intact, with traders monitoring for a breakout or retracement.
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Coindoo
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Short-Term Holders Are No Longer Accumulating Bitcoin, According to Latest Analysis
- Short-Term Holders of Bitcoin are no longer accumulating, marking a potentially pivotal moment in the current cycle.
- Analysis from Alphractal reveals a shift in behavior as Short-Term Holder supply fails to accumulate despite price increases.
- On-chain data shows that Short-Term Holders are opting for distribution over accumulation, particularly during periods of price strength.
- Realized price metrics signal potential market shifts, with Short-Term Holder realized price nearing a critical support level and Long-Term Holder realized price reflecting confidence.
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