Month: September 2023

Analyst bullish on Watchvestor after successful PancakeSwap and Tezos calls

The analyst who correctly predicted PancakeSwap (CAKE) and Tezos (XTZ) rallies is now bullish on Watchvestor (WVTR). He believes the token will likely surge from $0.03 to new levels in upcoming sessions. PancakeSwap price outlook CAKE reached its all-time high on Apr. 30, 2021, at $43.96.   However, the token has retraced and is trading between $1.29 and $1.49, with resistance at $2.  The token has a market cap of $274,283,014 and a trading volume of $16,267,067. Last year, CAKE crashed 68.8%, but traders are optimistic about its prospects. If the…

Solana YTD inflows suggest it’s the ‘most loved altcoin’ — CoinShares

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Solana (SOL) investment products clocked $26 million worth of inflows since the start of 2023, outpacing all other altcoins, including Ether (ETH), suggesting it’s the “most loved altcoin amongst investors” according to CoinShares. In a Sept. 4 Digital Asset Fund Flows weekly report, CoinShares’ head of research, James Butterfill, noted that trading volumes for crypto investment products for the week ending Sept. 1 were 90% above the year-to-date average — with crypto product outflows dropping to $11.2 million. It marks a seven-week run of negative sentiment that’s seen $342 million leave crypto…

Expert Forecasts Monumental Surge, Ignoring $25,800 Standstill

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Renowned crypto expert and market analyst, Doctor Profit, has made bold predictions around Bitcoin (BTC), asserting that the cryptocurrency is poised for a significant bullish rally in the coming months.  Despite recent market uncertainties, Doctor Profit remains confident in BTC’s long-term potential, emphasizing the importance of zooming out and considering broader market trends.  Bitcoin Surge To $90,000? Bitcoin is currently trading at $25,800, displaying a stagnant pattern within a narrow range of $25,700 to $26,200. The cryptocurrency’s recent attempt to consolidate above $27,000 and surpass its strongest resistance at $28,000 proved…

Crypto insiders focusing on Monero, Aave, and Everlodge

In the diverse crypto world, insiders are examining Monero (XMR), Aave (AAVE), and Everlodge (ELDG). This article explores their unique qualities and why they are under consideration. Summary Bitmain releases the first professional Monero miner, Antminer X5 Aave adds support for yield-bearing DAI as collateral  Everlodge is growing in the ongoing presale  Monero: privacy at the forefront Monero is a crypto platform that prioritizes privacy. Its transactions are designed to be untraceable, safeguarding the confidentiality of user identities and transaction details. This feature distinguishes Monero in a landscape where privacy…

Why The Shiba Inu Price Cannot Realistically Get To $0.001

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In the last crypto bull market spanning from 2020-2021, the price of Shiba Inu ran as high as $0.00008. Due to the high euphoria at the time, expectations rose rapidly around the meme coin, leading to calls for SHIB at $0.001. However, this target remains as unrealistic today as it was back then and this report dives into the reason why. Not Enough Of SHIB Supply Is Being Burned The Shiba Inu community officially kicked off its burning initiative back in 2022 which SHIB tokens being sent to dead addresses…

Crypto casino Stake reopens withdrawals just 5 hours after $41M hack

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Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate. Stake confirmed that all services resumed at 9:28pm UTC time on Sept. 4 — a few hours after the platform confirmed that several unauthorized transactions were made on Stake’s ETH/ BTC hot wallets: All services have resumed! Deposits & withdrawals are processing instantly for all currencies. We apologise for any inconvenience. — Stake.com (@Stake) September 4, 2023 The…

Australian facing up to 25 years in prison for buying drugs using crypto

A Western Sydney man was charged for allegedly attempting to import a variety of illicit drugs, purportedly by acquiring them on the deep web with crypto. According to an Aug. 29 Australian Federal Police announcement, the 23-year-old man faced the court on the day of the publication for his alleged attempt to import a number of drugs. Per the announcement, those drugs were acquired through deep web black markets and concealed in a variety of items, including cookware, toy cars and a blackjack set. The investigation began when Australian Border…

Whale Sells Ethereum (ETH) For Maker (MKR)

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Less than a week after Vitalik Buterin, one of the co-founders of Ethereum, sold his Maker (MKR) stash for ETH, one crypto whale has done the opposite. On-chain data on September 4 shows that one Ethereum holder sold 694 ETH, worth roughly $1.13 million when writing, for 1,010 MKR. At the time of the swap, MKR was changing hands at $1,122.  Whale Swaps ETH For MKR As of September 4, the address, “0x3737,” had over $20.37 million worth of assets. While the whale trades against Vitalik and doubles down on MKR, zooming in on the…

Will BTC Mimic Gold’s 2004 Price Surge? Analyst Weighs In

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A fresh perspective on Bitcoin has recently surfaced courtesy of prominent crypto enthusiast and YouTuber Lark Davis. Davis offers an interesting parallel between Bitcoin’s potential fate and gold’s historical performance, especially spotlighting the transformative year of 2004 for the latter. Reflecting on gold’s journey in the early 2000s, a period marked by the introduction of a gold Exchange Traded Fund (ETF), Lark Davis suggests that Bitcoin may be on the brink of a similar breakout. While this is a bold claim, its rationale, centered on the anticipated launch of a…