Author: News Room
The Shiba Inu (SHIB) price has seen a sharp decline, with the average transaction size dropping by 50% in the last two weeks. This points to a possible change in investor sentiment towards Shiba Inu. The decrease in transaction size might indicate a slowdown from the recent surge in buying, perhaps signaling a wider market reassessment. Adding to the cautious stance, SHIB’s technical indicators, such as an overbought RSI and bearish EMAs, suggest upcoming corrections. These factors suggest SHIB could be heading into a difficult period, raising questions about its ability to continue the bullish momentum it has shown recently.…
Award-winning musician Akon recently pleaded with his fans on a video-sharing website not to request him to record crypto-related messages. However, in a post on the website, the music producer did not share reasons for his newfound disinterest in cryptocurrencies. Singer Unwilling to Endorse Crypto A few years after promoting the futuristic, Wakanda-style city in […] Read the full article here
Crypto analyst Jamie Coutts says that gold will vastly underperform digital assets in the current market cycle. Coutts says on the social media platform X that while he’s bullish on gold, he expects crypto to dramatically outshine the precious metal as markets make way for a “birth of the new asset class.” “AUM (assets under management) for crypto exchange-traded products (ETPs) approximately $100 billion (80% Bitcoin). AUM for Gold ETPs approximately $190 billion. I am bullish on gold, but it won’t match the expected 2-3x that crypto should do this cycle. This is the birth of the new asset class.”…
TL;DR Shiba Inu analysts remain optimistic that future peaks are just around the corner. A possible ascent might be fueled by the asset’s burning program and developments in the Shibarium network. After a few weeks of trading on the downside, Shiba Inu’s price finally headed north this week, increasing by some 9% in that period. Numerous analysts are forecasting significant rallies in the near future. The crypto investor and trader, using the X handle SHIB KNIGHT, examined Shiba Inu’s weekly performance and claimed the token had surpassed an important resistance level. The analyst believes people have been accumulating SHIB lately, envisioning…
Analyst Capo of Crypto, who was previously known for his extremely bearish statements, but whose views have softened with the recent rise of Bitcoin, evaluated BTC in his statement. The analyst claimed that if the BTC price cannot exceed the $ 69,000 limit, there may be a drop below $ 60,000, the liquidity in that region can be taken, and then the rise may continue. il Capo described the recent recovery in BTC price as a “dead cat bounce” and claimed that it was driven by futures rather than the spot market. According to the analyst, a clear breakout above…
Decentralized content-sharing platform Solmedia has announced its integration of the Solana blockchain with the latest Filecoin on-chain InterPlanetary File System (IPFS) technology. The enhancement, supported by Solmedia’s native token MEDIA, enables users to benefit from Solana’s high-speed blockchain infrastructure and Filecoin’s secure decentralized storage, which aims to ensure user content is protected and remains unaltered by unauthorized changes or access. A senior representative from Solmedia shared that the company is focused on maintaining free speech and transparency in the Web 3.0 space. The use of Solana and Filecoin, in conjunction with the MEDIA token, is intended to provide users with…
TrueUSD, the dollar-pegged stablecoin affiliated with Justin Sun, has seen its market cap collapse more than 50% from $1.29 billion on March 15 to $615 million on March 22, according to data from CoinMarketCap. This mass redemption of TrueUSD follows Binance’s delisting of several TrueUSD pairs on March 15. TrueUSD spent much of February struggling to maintain its peg, falling as low as $0.95. TrueUSD’s market cap has collapsed from $1.29 billion to $615 million during March. A review of the attestations provided by TrueUSD also seem to show that it no longer has United States treasury bills in its…
Alex Thorn, head of firmwide research at Galaxy Digital, recently expressed skepticism about the approval of spot Ethereum ETFs in May. The Securities and Exchange Commission’s (SEC) failure to actively engage with ETF applicants and recent subpoenas issued to cryptocurrency firms regarding their dealings with the Ethereum Foundation have cast a shadow of doubt over the approval, according to the analyst. Fortune reported this week that the SEC was “waging an energetic legal campaign” to classify ETH as a security, citing U.S. companies that have received subpoenas related to an investigation. Thorn, a former Fidelity Investments employee, said that if…
The price of VeChain (VET) may rise as high as $1.6 following the formation of a triple bottom pattern, according to top market analyst EGRAG CRYPTO, who leveraged the Cloning Pattern. Historically, EGRAG CRYPTO comes off as one of the most bullish on VeChain. In his latest analysis, he highlighted how the cloning technique is signaling exciting moves for the coin. EGRAG CRYPTO noted that he applied the Cloning Technique to a previous mega rally in the price of VeChain, marked on the accompanying chart shared with the blue arrows. How High Can VET Soar? While not definitive, EGRAG CRYPTO…
Despite the expiration of their detention order, Nadeem Anjarwalla who is a prominent figure within the cryptocurrency industry and an executive at Binance, find himself ensnared in a legal quagmire within Nigeria. Typically, detention orders are granted for a specific period, after which authorities must seek extensions. Failure to do so renders the detention unlawful. In this case, the Abuja court issued a 14-day detention order, expiring on March 12. Read the full article here