Author: cointechies

Amid the recent Shiba Inu price wars, a veteran market analyst insists that the meme coin has not completely lost its uptrend. Shiba Inu reflects a broader market correction as bearish sentiment dominates proceedings. The second largest meme coin by market cap has failed to retest its yearly high of $0.00004567, with resistance at $0.00003343 proving insurmountable. Furthermore, the asset has undergone a correction of over 11% in the past week and tested a multi-week low of $0.00001853 in the previous week. Amid the blatant price underperformance, a notable analyst claims that Shiba Inu still has upside potential. Shiba Inu…

Binance support for the Optimism network upgrade aims to improve performance and user experience. On January 10, 2025 at 2:00 (UTC+8), Binance announced its support for the Optimism (OP) network upgrade and hard fork. To facilitate the upgrade, Binance will temporarily suspend token deposits and withdrawals on the OP network starting at 1:00 a.m. (UTC+8) on the same day. The OP Network upgrade is intended to improve user experience, scalability and overall network performance. Binance has assured users that trading of OP Network-supported tokens will remain unaffected during this period. A major update or change to a blockchain network’s protocol…

Shiba Inu has achieved a remarkable milestone in India, becoming one of the most traded coins in the country this year, even surpassing Bitcoin. Kashif Raza, the founder of Bitcoin education platform Bitinning, recently drew attention to this development in a post on X. offers a glimpse into India’s crypto landscape in 2024. Although Raza initially claimed that the data reflects India’s broader crypto landscape in 2024, further findings show that the statistics were limited to activity on the popular India-based exchange CoinSwitch. CoinSwitch user activity What is noteworthy is that the exchange now has 20 million users, 11% of…

SafeMoon (SFM) is up 97% in just 24 hours, sparking renewed investor interest. This rapid price increase comes after a challenging period for SafeMoon, which included a bankruptcy filing in December 2023 after a token burn exploit depleted its liquidity pool. The company also faced the arrest of its executives, raising doubts about its future. However, the recent price increase is driven by the release of the SafeMoon wallet, which entered open beta after a successful closed beta. The launch of the SafeMoon Wallet is considered an important development, especially after the acquisition of SafeMoon by the VGX Foundation. The…

Industry commentator Raoul Pal, CEO of Real Vision, argues that trendy altcoin SUI will outperform XRP for the remainder of the bull market. Pal recently shared his opinion in a video where he discussed his view on the future of major cryptocurrencies during the ongoing bull market. While Solana (SOL) and XRP showed strong performances, Pal believes that the newer SUI token will outperform both in the coming months. SUI vs Solana and XRP Pal compared the SUI token’s performance to that of XRP and Solana. He noted that SUI is breaking out of an inverted head and shoulders pattern.…

Raoul Pal, macro guru and CEO of Real Vision, believes Ethereum (ETH) is preparing for an explosive move. In a new YouTube strategy session, Pal says the leading smart contract platform by volume is forming a bullish wedge pattern on its weekly chart, setting the top altcoin up for a breakout. “Ethereum’s weekly chart has not broken out yet, but it is very close. So whether we break out this month, which is my guess, and then maybe retest the liquidity pullback in January, or whether we pull back here for a while and then explode after that, either way,…

Bitwise has proposed a new exchange-traded fund that invests in listed companies that hold over 1000 BTC in their corporate treasuries. In a Dec. 26 regulatory filing, Bitwise said the Bitcoin Standard Corporations ETF will invest in equity securities of publicly traded companies that have adopted the “Bitcoin Standard” by holding at least 1,000 Bitcoin (BTC) in their corporate coffers. These securities include “common stocks, depositary receipts (both American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”)), tracking stocks and other equity interests. Such securities may be issued by U.S. and non-U.S. companies, including companies “We operate in emerging markets,”…

XRP is abandoning a key short-term support level but is still on track for its second-highest monthly close in three years. XRP, Like most cryptocurrencies, it had an impressive performance last month but is now stuck in a crisis The market decline led by the Federal Reservewith at least one indicator pointing to further downside risks in the near term. XRP is losing 200 MA on the 4-hour chart XRP’s recent plunge may still have room for a downside after it fell 24% in the past week from highs near $2.6 to lows below $2, at least according to one…

Spot Bitcoin exchange-traded funds in the United States recorded an inflow of $475.15 million on December 26, ending their four-day outflow streak. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $475.15 million in inflows on Thursday, following four straight days of over $1.5 billion in outflows from the funds. Fidelity’s FBTC led the way with inflows of $254.37 million, followed by ARK 21Shares’ ARKB, which attracted $186.94 million in inflows. BlackRock’s IBIT saw an inflow of $56.51 million, while Grayscale Bitcoin Mini Trust and VanEck’s HODL also added to the positive momentum with more modest inflows of…

CUDIS, a Web3-focused wellness company backed by Draper Associates, has launched a year-long collaboration with UCLA Athletics. The partnership aims to introduce AI-powered smart rings for student-athletes and integrate health monitoring and blockchain technology into collegiate sports culture. According to a recent announcement, the initiative will include multiple campus activations designed to excite both students and sports fans about the innovative product. As part of its outreach strategy, CUDIS plans to enter into agreements with UCLA student-athletes from various teams. This includes athletes from men’s and women’s tennis, golf, basketball, women’s gymnastics and football. The aim of the agreements is…