Author: News Room
A widely followed trader is expressing bearish sentiment on a months-old memecoin built on Solana (SOL). The trader pseudonymously known as Bluntz tells his 253,400 followers on the social media platform X that dogwifhat (WIF) may be due for a correction. According to the pseudonymous trader who applies the Elliott Wave theory in his technical analysis, WIF appears to have completed a five-wave rally and now looks primed to enter an ABC corrective wave. The Elliott Wave theory states that a bullish asset tends to witness an ABC correction after completing a five-wave upside move. Says Bluntz, “I think the…
The Purpose Bitcoin ETF (BTCC) – the world’s first Bitcoin exchange-traded fund – has struggled to compete with its U.S. counterparts since its January debut. The Canadian fund has lost 20% of its Bitcoin (BTC) under management over the past three months, despite rising demand and record-high prices for the asset during that time. Purpose Is Losing Bitcoin According to Purpose Investments’ website, the company held 27,871 BTC, worth $2.56 billion CAD ($1.89 billion USD) as of April 4. In BTC terms, the amount is fairly average by historical standards. Since launching in February 2021, the firm’s holdings have mostly…
In 2024, there have been many news and attention-worthy developments when it comes to Bitcoin (BTC) and the broader crypto market. The years started with the approval of nine spot BTC exchange-traded funds (ETFs), saw the world’s premier cryptocurrency hit a new all-time high, and even offered several massive bloodbaths followed, for the most part, by recoveries that are just as impressive. In early April, most eyes are turned toward the upcoming BTC halving but, throughout this time, another quiet yet important battle has been fought – and mostly won – by the greater crypto community: the fight to safeguard…
Telegram-based crypto game Notcoin says it racked up nearly 9 trillion taps over the course of its mining phase, but with gameplay currently paused ahead of the incoming token launch on The Open Network—set for April 20—the tapping has stopped for now. Notcoin plans to relaunch its game after the token launch and airdrop but with a new rewards model. That’s because Notcoin will not mint any additional tokens, as all pre-launch mining is complete. The in-game coins will be swapped for NOT crypto tokens on The Open Network when the launch occurs. “The final supply of Notcoin in-game will…
Amid the ongoing market doldrums, investors are rebalancing their crypto portfolios in preparation for the bull market likely to follow Bitcoin (BTC)halving in April. While majors like Ethereum (ETH), Solana (SOL), and XRP are a must-have in any portfolio for the majority of investors, some crypto to buy like… promise investors 100x returns. Read the full article here
Cobra, the pseudonymous owner and operator of Bitcoin.org, has predicted the next divide that will plague the Bitcoin ecosystem in the coming times. Cobra explained in social media that this conflict will face ossificationists (people that want Bitcoin to stay as it is), and improvers, who want Bitcoin to improve its focus and functionality. Cobra […] Read the full article here
The Bitcoin halving takes place approximately every four years and is a built-in mechanism to slow down the process of creating new BTC so that the last one will be mined over a hundred years from now, even though more than 19.6 million are already in existence. When the production speed is reduced, while the demand for the asset remains the same or increases, in theory, its price should rise. So far, the three previous BTC halvings have indeed served as the catalysts for upcoming bull runs, but not only for the primary cryptocurrency, as the entire market has followed…
The highly anticipated fourth Bitcoin halving event is fast approaching, expected to occur around April 19, 2024. This phenomenon isn’t just a quirk of Bitcoin’s design. It’s a fundamental shift in the blockchain’s architecture, cleverly engineered to slow down the creation of new Bitcoins. The enigmatic Satoshi Nakamoto masterminded the halving to have a finite supply cap of 21m tokens. Halvings are spaced roughly every four years, or after every 210,000 blocks. They can be seen as milestones leading towards the final goal — when all 21m bitcoins have been mined, a moment expected around the year 2140. As of…
The hacker behind the $326 million exploit on Wormhole became eligible to claim over $50,000 in W tokens. According to X user Degen News, the transactions made by the hacker during the exploit in February 2022 in four wallets were used as eligibility criteria to amass over 31,000 W tokens. NEW: 4 WALLETS CONNECTED TO THE @wormhole EXPLOIT ARE ELIGIBLE FOR ~$52.7K WORTH OF $W CLAIM – PER @ZheSolworks AIRDROP CHECKER H/T: @Pland__ pic.twitter.com/P7SFfzJPxS — DEGEN NEWS 🗞️ (@DegenerateNews) April 4, 2024 The eligibility was found on April 3 by another X user identified as Pland, who highlighted that Wormhole…
The cryptocurrency market extended its leg down on Friday following the Bitcoin price fall to the day’s low of $66000. This selling pressure extended the correction trend for most of the major altcoins including Solana. The SOL price is down 5% today bolstering the formation of a reversal pattern called double top. Will this bearish setup amid broader market correction push SOL coin below $150? Read the full article here