Month: September 2024

GME and KITTY tokens form God candles but gains could be brief

The GME crypto token formed a God candle on Sep. 6 after Roaring Kitty made a surprise return to X ahead of GameStop’s earnings. GME (GME) surged to a high of $0.0052, its highest swing since June 24, and 93% above its intraday low. It has risen by 168% from its lowest level in August, making it one of the best-performing cryptocurrencies in the market. Its market cap jumped to over $32 million. GameStop’s stock also rose by over 3.7%, even as a sea of red spread in the market,…

Crypto Analyst Says It’s September 2016 For Bitcoin Again, What This Means

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Este artículo también está disponible en español. Crypto analyst CryptoCon stated in his recent market analysis that the Bitcoin current price action is reminiscent of December 2016. He further explained what he meant and provided insights into what to expect from the flagship crypto going forward.   “It Is September 2016 All Over Again For Bitcoin” CryptoCon mentioned in an X (formerly Twitter) post that it is September 2016 again for Bitcoin. In line with this, he remarked that the “Bitcoin trend strength prophecy” has been fulfilled. He explained that just…

Ethereum Underperforms Bitcoin 2 Years After The Merge, According to Cryptoquant Data

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Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin. Cryptoquant: Ethereum Underperforms Bitcoin by 44% Ethereum’s transition to a proof-of-stake (PoS) blockchain, known as The Merge, took place […] Original

Last Fed rate cut sent Cardano crashing 57% – what about now?

Cardano dropped 57% when the Federal Reserve cut rates back in 2019. With another rate cut on the horizon, the cryptocurrency faces a similar setup that could bring major downside. Cardano prepares for September decline In May 2019, the Federal Reserve initiated its first rate cut, lowering rates from 2.42% to 2.39%. Rates at that time were much lower than today, and the public debt stood at $22 trillion. Today, debt has increased to nearly $35 trillion, and interest rates now stand at 5.33%, more than double the 2019 levels.…

Solana To $100 Inevitable After This Break? SOL Forms A Triple Bottom

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Este artículo también está disponible en español. Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a critical support level. As it is, the third-most valuable crypto asset is down nearly 40% from 2024 highs of around $210. Technically, sellers are in control, and unless there is a sharp shift in trend favoring buyers, the short-term will continue…

Here’s why the DOGS token is rising as cryptocurrencies sink

DOGS token rose for the third consecutive day as most cryptocurrencies retreated after the U.S. jobs report reignited recession fears. DOGS (DOGS), which recently launched its airdrop, rose to a high of $0.0011, up by 16.5% from its lowest point this week. Still, it remains 33% below its all-time high. Its rally was notable because Bitcoin (BTC) and most altcoins continued to fall. Bitcoin dropped below $54,000 for the first time in a month, while Solana (SOL) fell below $130. The total market cap of all cryptocurrencies dropped to $1.92…

Here’s How Cardano Price Will ‘Survive’ A US Recession: Analyst

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Este artículo también está disponible en español. In a new video analysis, popular crypto analyst Dan Gambardello delved into the potential future of the Cardano (ADA) price amidst the troubling forecasts of a US recession. With a significant following of 369,000 on YouTube, Gambardello highlighted the general unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. Will Cardano Bottom In December? He drew parallels between historical S&P 500 behavior and current market conditions, noting, “On average the S&P 500 bottoms three…

Will Cardano ADA Create Millionaires In 2024? Mpeppe Casino Positioned To Generate More Wealth

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Este artículo también está disponible en español. The blockchain industry continues to evolve, and with Cardano’s (ADA) latest “Chang” Hard Fork, a new era of decentralized governance is dawning. But as Cardano (ADA) positions itself for growth, the big question remains—will it create millionaires in 2024? Meanwhile, a rising meme coin called Mpeppe (MPEPE), specifically targeting the crypto casino niche, is drawing attention for its wealth-generating potential. Could this new player be the real wealth driver of 2024? Let’s dive into both Cardano (ADA)’s future and the growing buzz around…

Market Expert Explains Why Solana, Cardano and Polygon Investors Are Joining Mpeppe

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Este artículo también está disponible en español. Cardano (ADA), Polygon (MATIC), and Solana (SOL) have been key players in the cryptocurrency market, each building strong communities around their decentralized platforms. However, the tide is shifting as some investors are starting to question the long-term potential of these tokens due to recent controversies and technical changes. A growing number of these investors are turning their attention to emerging projects like Mpeppe (MPEPE), which is currently priced at $0.0021 and has sparked interest for its unique blend of meme culture and casino-themed…