Day: August 20, 2024

Will DOGE’s rare price pattern lead to a big breakout?

Dogecoin price remained in a bear market after falling by over 55% from its highest level this year.  Dogecoin (DOGE), the biggest meme coin in crypto, was trading at the important support level of $0.10 on Aug. 20, just above the lowest level this month. This performance has occurred as the meme coin industry undergoes significant changes. Demand for traditional coins like DOGE and Shiba Inu (SHIB) has fallen as traders have focused on new and viral tokens like Dogwifhat (WIF) and Pepe (PEPE). Data shows that Dogecoin, with a…

Bitcoin Recovers To $61,000, Here Are The Possible Reasons

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Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during the past few days, Bitcoin has finally shown some momentum in the last 24 hours, with its price surging by more than 4%. Related Reading The chart below shows how the cryptocurrency’s recent trajectory has looked like. Looks like the price of the coin has jumped over the…

Crypto-backed Candidate Ansari Narrowly Wins Arizona Congressional Primary By 39 Votes

Another crypto fan is likely to arrive in Congress next year, with Yassamin Ansari winning her Democratic primary race in Arizona by a scant 39 votes, a result confirmed Tuesday after an automatic recount. Ansari, a former vice mayor of Phoenix, will move on to the general election in a district that strongly favors Democrats, so her chances are good to join the growing list of members of Congress who favor friendly regulations for the U.S. digital assets sector. Source

Bitcoin On Brink Of Breakout Like Gold In 2008: Hedge Fund CEO

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In the latest edition of the Capriole Investments newsletter dated August 20, 2024, Charles Edwards, founder and CEO, draws striking parallels between the current market behavior of Bitcoin and the historical performance of Gold, particularly during its 2008 rally. Bitcoin Mirrors 2008 Gold Rush Edwards points out that Bitcoin has been consolidating around $60K, echoing the pattern Gold followed before its significant rally. “Bitcoin is under pressure, mirroring the longest period of consolidation at any ATH in its history,” Edwards notes, suggesting that this could be a precursor to a…

Brazil Approves Second Solana (SOL) ETF

According to the CVM database, the new Solana (SOL) ETF, which is in a pre-operational phase, will be offered by Brazil-based Hashdex — a Brazil-based asset manager with over $962 million in assets under management — in partnership with the local investment bank BTG Pactual. Source

Faster Computers and Better Algorithms Will Fully Decentralize Blockchains

To understand how these scientific improvements will change the world of blockchains, it’s worth looking at how we got here in the first place: blockchains use lots of computing power in a way that many would have, once upon a time, considered very wasteful. Again, if you go back to the early days of computing, memory and compute resources were so scarce that people left off the half the year number (The “19” in “1985”) to save space. A proof of work system with thousands of parallel processes would have…

Cryptocurrency Investors Join Mpeppe With Sirwin & Bitstarz Profits, 20% Instant Bonus Available Now

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In the ever-evolving world of cryptocurrency, savvy investors are always on the lookout for opportunities to maximize their profits while exploring innovative projects. Recently, a new trend has emerged among cryptocurrency investors, combining the potential of Mpeppe (MPEPE) with the exciting gaming experiences offered by SirWin Casino and BitStarz. This unique combination not only provides the thrill of gaming but also offers substantial financial rewards, including a 20% instant bonus that’s available right now. Mpeppe (MPEPE): A Rising Star in the Crypto World Mpeppe (MPEPE) has quickly gained attention in…

Here’s Why Bitstarz Members Are Now Joining Mpeppe

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The world of online casinos and cryptocurrency is ever-evolving, with players constantly seeking new opportunities to maximize their earnings and enjoy the thrill of the game. Recently, a noticeable trend has emerged: members of the renowned BitStarz Casino are turning their attention to Mpeppe (MPEPE), a promising new memecoin that’s capturing the interest of savvy investors and gamers alike. But what is driving this shift? Let’s explore the reasons why BitStarz members are now joining the Mpeppe movement. BitStarz: A Leading Name in Crypto Gaming BitStarz Casino has long been…

Sirwin Gamblers Join Mpeppe & Earn 20% Instant Bonus, Here’s Why

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In the fast-paced world of cryptocurrency and online gaming, savvy investors and gamblers are always on the lookout for opportunities that offer both excitement and substantial returns. Sirwin Casino, a rising star in the crypto gaming space, has recently caught the attention of its users by offering them an irresistible chance to multiply their earnings through a new and promising memecoin, Mpeppe (MPEPE). With a 20% instant bonus up for grabs, here’s why Sirwin gamblers are flocking to Mpeppe and how this move could significantly boost their fortunes. The Allure…