Author: cointechies
A notable analyst insists that XRP could be set for a final move after the asset lost major support on the daily time frame. XRP Yesterday it continued its patchy rise, losing 6% to close at $2.1537. However, the native XRPL token has recovered slightly today and its weekly change is positive 3.76%. Amid market uncertainties a youngest The analysis suggests that an accurate XRP move is imminent. Market speculator Dom assured that a move would be made soon. Volatility is decreasing Dom argued that volatility on the XRP chart is easing, suggesting that the market is targeting a particular…
A widely followed crypto analyst is bullish on altcoins as Bitcoin (BTC) hovers below the psychological $100,000 mark. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 236,200 followers on social media platform X that altcoins are set to explode in the coming weeks. According to Sherpa, one trigger for the rally in altcoins is the fact that many of them have been capitulating for a long time. “Coins like [privacy-focused] Oasis (ROSE) have been playing around for YEARS and are still consolidating. Hard to believe these aren’t shipped in full.” Source: Altcoin Sherpa/X Sherpa further says…
Despite this recent decline, market observers are pointing to signs of a possible bullish divergence, fueling optimism for XRP’s near-term price performance as the year ends. XRP, the cryptocurrency linked to blockchain company Ripple, has lost more than 6% in the last 24 hours, making it one of the worst performers in the top 10. Price movements and bullish divergence Data from 100 Eyes Crypto Scanner suggests that the XRP/USDT pair has formed a bullish divergence on the hourly chart. This pattern often occurs when the Relative Strength Index (RSI) rises despite a falling price, suggesting that bearish momentum may…
A report on the Kyrgyz government in 2024 found that crypto mining taxes only contributed around $535,000. This value has dropped by almost half compared to crypto mining tax collection last year. According to a budget document released by the Kyrgyz Ministry of Economy and Finance, taxes on cryptocurrency mining have fallen by 50% this year. Tax revenue for crypto mining this year was over 46.6 million Kyrgyzstani soms, worth around $535,000. Meanwhile, tax collections for crypto mining last year amounted to 93.7 million som, worth about $1.08 million. Additionally, local media outlet 24.kg reported that the Ministry of Finance…
Dogecoin sees a buy signal on the TD Sequential indicator amid a massive whale address accumulation trend. Over the past two weeks, crypto asset prices have risen, including the leading dog-themed meme coin Dogecoin (DOGE)were largely muted broad macroeconomic uncertainty. Nevertheless, DOGE may now be showing signs of an impending recovery given the significant market activity from large investors, so-called whales. Dogecoin (DOGE) TD sequential points to recovery Noted crypto analyst Ali Martinez has advised investors to expect a recovery in DOGE price after the meme coin recently rose 10% from highs of $0.34221 to lows of $0.30837 after Christmas.…
Popcat, a Solana meme coin that has surged over 4,400% in 2024, is losing market share as its token crashes. The price of Popcat (POPCAT) has fallen over 62% from its high this year, increasing its market cap to $762 million. After being overtaken by Pudgy Penguins, Dogwifhat, Fartcoin and ai16z, it has grown from the second largest Solana meme coin to the sixth largest. Popcat price has crashed as smart money investors continued to sell their holdings. According to Nansen, the number of smart money investors holding the token has dropped from over 70 to 30. The tokens held…
An anonymous crypto whale that participated in Ethereum’s initial coin offering (ICO) has emerged from a decade of calm to transfer some of its ETH holdings. Popular smart money on-chain platform Lookonchain reported developments on X today. Transaction details Lookonchain said the Ethereum ICO participant made its first transaction today after 9.4 years of inactivity. In the most recent transaction, the whale moved 0.01 ETH to an unknown address, “0x296…Ee557,” at 4:40 a.m. (UTC) today. With ETH currently trading at $3,394 per coin, this transaction is worth $33.94 at press time. This is the wallet’s first transaction since it first…
NFT project Pudgy Penguins launched its token PENGU on December 17, 2024. On this day, the token reached its maximum price, reaching a high of $0.05738. However, after the launch, the price of Pudgy Penguins (PENGU) began to decline rapidly, reaching a low of $0.02302 on December 20th. On December 26th, PENGU coin experienced a slight recovery, rising almost 35% over the week and is currently trading at $0.03865. Given these fluctuations, what is the Pudgy Penguins price forecast for 2025 and beyond? How high can PENGU rise? What is PENGU? PENGU is the fun and quirky cryptocurrency token associated…
The crypto market is closing out the year with significant Bitcoin and Ethereum options expiring and an optimistic outlook for 2025. Today, a record $18 billion in options expired, marking the last major expiration of the year, with Bitcoin (BTC) and Ethereum (ETH) seeing large amounts of contracts complete. Bitcoin and Ethereum options data highlights Specifically, a total of 150,000 Bitcoin options expired with a staggering notional value of $14.17 billion. Notably, these contracts expired with a put-call ratio of 0.69. This number suggests that more call options were traded compared to put options, indicating that investors are leaning towards…
Justice Minister Bojan Božović approved the extradition of Terraform Labs founder Do Kwon to the United States. According to local media Vijesti, the Montenegrin justice minister signed an order handing Do Kwon over to US authorities rather than his home country of South Korea. Both governments have investigated Kwon and fought for his extradition in connection with the $60 billion Terra-Luna fiasco. In 2022, Kwon’s Terra blockchain imploded, wiping out a flood of over-leveraged crypto companies. The avalanche of bankruptcies hit companies like Three Arrows Capital, BlockFi and even FTX. Kwon fled as the crypto market depression deepened and Interpol…