Day: June 18, 2024

SUI: SuiNS Adopts @ Symbol for Streamlined Blockchain Identity

SuiNS has introduced a significant update to its naming standard, transitioning from the .sui extension to the @ symbol. This change aims to simplify blockchain identity management and enhance user experience across Web2 and Web3 platforms, according to The Sui Blog. Introducing SuiNS’ New Naming Standard The shift from .sui to @ is designed to make usernames more intuitive and user-friendly. This change aligns with common Web2 conventions, allowing users to maintain a consistent identity across various platforms. For example: chris.sui becomes @chris …

Analyst Points To Ultra Rare Signal

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The latest chart analysis by crypto analyst @Cryptobilbuwoo0, published via X, offers a compelling narrative for XRP’s potential upward trajectory when juxtaposed against the total cryptocurrency market capitalization. The analyst emphasizes key technical indicators and historical patterns, suggesting that XRP might be on the brink of a significant bullish phase. XRP Price Poised To “Bounce” The XRP/Total chart primarily illustrates a descending trajectory that began forming from its early 2018 peak. This overarching downtrend is marked by successive lower highs that articulate a consistent descending trendline. Moreover, @Cryptobilbuwoo0 highlights the…

Crypto Exchange FTX Victims View Bankruptcy Process as ‘Second Act of Theft,’ File to Recover $8B

FTX collapsed in November 2022. The lawyers said that the jury found SBF stole no less than $8 billion from FTX customers. Bankman-Fried, who was also ordered to forfeit $11 billion, plans to appeal his sentence and conviction. “If not for SBF’s crimes for which he was convicted—i.e., the theft and misuse of customer assets—the customers would have today owned their crypto investments,” the filing said. Source

Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback

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Bitcoin (BTC), the largest cryptocurrency on the market, has again taken the lead in the crypto landscape. However, this time it comes with a sense of caution among investors triggered by macroeconomic data, particularly from the United States.  In addition, the resulting outflows of over $600 million from the primary market of the digital asset ecosystem, as reported by asset manager CoinShares, have raised concerns about potential price corrections shortly.  Against this backdrop, renowned analysts and technical experts have weighed in to share their insights and predictions on Bitcoin’s future…

XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles

The graph comprises four quadrants: leading, weakening, lagging, and improving. The leading quadrant (top right) indicates strong relative strength and positive momentum, weakening (bottom right), strong relative strength but negative momentum. Lagging (bottom left) represents weak relative strength and negative momentum and improving indicates weak relative strength but positive momentum. Source

Bitcoin falls below $66k, exchange activity rises

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Bitcoin (BTC) has witnessed a strong bearish momentum after three days of consolidation, leading to its price fall below the $66,000 mark. Bitcoin is down by 0.9% in the past 24 hours and is trading at $65,600 at the time of writing. The asset’s market cap also dropped below the $1.3 trillion mark for the second time this month. Bitcoin’s daily trading volume, however, increased by 125%, reaching $36.3 billion. BTC price, RSI, exchange activity and exchange balance as of Jun. 18 | Source: Santiment According to data provided by…

XRP price outlook: Ripple’s underperformance explained

Ripple (XRP) price has underperformed the broader crypto market this year. It has crashed by over 20% in 2024 while Bitcoin has soared by almost 50%. XRP has lagged behind other top ten cryptocurrencies like Toncoin, Ethereum, and Binance Coin. XRP has risen by just 1.6% in the past 12 months while Bitcoin has surged by over 100%. Its underperformance versus meme coins like Floki, Pepe, Book of Meme, and Brett has been a source of frustration for longer-term investors. Ripple’s performance has lagged the market despite even as the…

End Of The Road For FLOKI? Analyst Predicts 80% Crash For The Shiba Inu Competitor

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Shiba Inu competitor FLOKI has been one of the best performers this year and continues to maintain a high level in the market. Its price has more than doubled in 2024, prompting an influx of new investments into the meme coin. However, as investors throw money at FLOKI, one analyst expects this increase to be short-lived, predicting a massive price crash for the altcoin. FLOKI Poised For A Rally And Then A Dump Crypto analyst iMoneyTeam has predicted a dump for the FLOKI price that could erase all of the…