Category: Crypto
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Bullish Sentiment Soars as Top Holders Reduce Crypto Supply on Exchanges
Fetch.ai (FET): Significant Decrease in Exchange Holdings The top 10 wallets holding Fetch.ai (FET) tokens have notably reduced their positions on exchanges by a substantial 26.1% over the past three months. This suggests that large holders of Fetch.ai are either storing them in private wallets or utilizing them for other purposes instead of keeping them […]
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Hong Kong’s SFC Ready to Accept Applications for Spot Crypto ETFs
Introduction Hong Kong’s Securities and Futures Commission (SFC) and Monetary Authority have recently announced their willingness to accept applications for spot crypto exchange-traded funds (ETFs), expanding beyond existing crypto futures ETFs. This move showcases Hong Kong’s commitment to creating a crypto-friendly environment and positioning itself as an attractive hub for cryptocurrency businesses. Application Requirements and […]
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Shiba Inu: Meme Coin Dreams of $1, but Inconceivable Economic Challenge Awaits
A Paradigm Shift for the Meme Coin Since its inception in 2020, Shiba Inu has experienced an astonishing surge of 600,000%, making it the 16th most valuable cryptocurrency in the market. While it is still widely regarded as a meme coin, the Shiba Inu community and developers are actively working to change this perception. Over […]
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Ethereum Co-Founder Engages in Massive Meme Coin Transactions, Donates to Charity
Unveiling the Astonishing Crypto Transactions In a surprising turn of events, an address supposedly linked to the renowned Ethereum cofounder, Vitalik Buterin, has recently made significant cryptocurrency transactions involving trillions of meme coins. The transaction details are not only staggering in their scale but also intriguing due to the nature of the assets involved. The […]
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Could Bitcoin Reach $100,000 in 2024? Rising Trends and Factors Suggest So
Getting the Lay of the Land To reach $100,000, Bitcoin would need to experience another 130% increase in value. Although this may seem like a substantial jump, it is well within the realm of possibility considering Bitcoin’s average yearly returns of 167%. However, it’s important to take a comprehensive look at various factors and not […]
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Cryptocurrency Protocol Paraluni Falls Victim to Major Price Manipulation Attack
Understanding Price Manipulation in the Crypto Market Price manipulation in the world of cryptocurrencies involves artificially inflating or deflating the price of digital assets to benefit specific stakeholders while harming the wider user base. This can be achieved through spreading false information, wash trading, or exploiting vulnerabilities in protocol design. Though the exact method of […]
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Bloomberg Analysis: Peter Brandt Challenges Bitcoin Halving Impact and NVT Signal Indicators
A Contrarian Viewpoint In a thought-provoking post on X, Brandt challenged the widely held belief that the Bitcoin halving event significantly impacts the coin’s price. Contrary to the expectations of many BTC holders, Brandt argued that while the reduction in supply resulting from the halving generates hype, it ultimately only has minimal repercussions on the […]
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BONK’s Meteoric Rise Fades, Ethereum Fights Back Against Bitcoin Dominance
Identifying Reversal Signs One notable pattern is the presence of a “shooting star” candle, often seen as a reversal indicator. This candlestick has a small body and a long upper wick, suggesting that buyers pushed the price up but sellers managed to bring it back down to near the open. Such a pattern is evident […]
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XRP’s Struggle Could Signal Market Uncertainty Amid Crypto Recovery
XRP’s Performance vs. Ethereum What sets XRP apart in the current climate is its failure to mirror the surge seen in Ethereum. While both assets encountered similar support zones, Ethereum managed to capitalize on the momentum and climb higher. In contrast, XRP has remained subdued, unable to make the most of the overall uptrend in […]
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Ethereum Surges 4% in 24 Hours, Outperforming Top Tokens and Scaling Solutions
Ethereum Core Developers Set to Roll Out DenCun Upgrade In an important development, Ethereum core developers have finalized their plans for the upcoming DenCun upgrade. This upgrade aims to tackle high gas fees and enhance the network’s capacity. Testing for DenCun is set to begin in January on various testnets. Critically, this positive news has […]