Category: CryptoX News

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…

End Of The Slump? Floki Eyes A 46% Price Surge — Analyst

Floki, the joke coin that used to be very popular, has been going up and down since June. It dropped from a high point of $0.00034 to a low point of $0.00011, a huge 65% loss. Related Reading But an 18% rise in the last 24 hours has given experts new hope. They are now speculating on a possible price surge, with some predicting a remarkable 165% growth over the next year. FLOKI up over 18% in the last 24 hours. Source: Coingecko Floki Breakout Looms? “Floki’s price action has…

Brett crypto forms God candle; turning point still not confirmed

Brett crypto token formed a “God candle” as sentiment in the crypto industry improved following Binance’s announcement of its futures listing. Brett (BRETT), the largest meme coin on the Base Blockchain, was among the top-performing assets in the crypto market. This surge was primarily driven by Bitcoin (BTC) crossing the significant resistance point at $60,000, reaching its highest point since Aug. 14. As a result, most altcoins and meme coins like Dogwifhat (WIF) and Floki (FLOKI) rose by over 10% while the total valuation of all coins rose to $2.13…

Hash Ribbon Signals End to Bitcoin Miner Crisis: What’s Next for BTC?

CoinspeakerHash Ribbon Signals End to Bitcoin Miner Crisis: What’s Next for BTC? After the April post-halving event, which cut Bitcoin (BTC) miners’ revenue by half, the mining sector was hit by a profitability crisis (miner capitulation). However, after over three months, the segment’s health has seen improved recovery per the Hash Ribbon metric. Per CryptoQuant, a crypto analytic platform, the metric has flashed an ‘end to miner capitulation’ signal. For context, the metric tracks miner stress or crisis (green) and always coincides with a sharp drop in hash rate (the…

Cardano sees highest positive sentiment in 2024 despite 47% slump in five months

Cardano records a resurgence of bullish sentiments despite persistently underperforming in comparison to the broader market. This uptick in sentiment is particularly notable given the broader market context. The crypto market is showing signs of recovery, with Bitcoin (BTC) reclaiming the $61,000 price mark, which has bolstered optimism across major cryptocurrencies.  Despite recently dropping out of the top 10 list of largest assets, Cardano (ADA) is one of the biggest beneficiaries of this optimism. Per Santiment, Cardano’s weighted sentiment score is at an impressive 1.69, surpassing other major assets like…

Solana (SOL) Continues Sideways Move As Outflows Record $39M

Solana (SOL) has recovered 30% of its price since the Black Monday crash, hovering between the $155-$140 range. Recent reports revealed the Solana-based investment products were among the largest losers last week after registering over $30 million in outflows. The token continued its sideways trajectory despite the negative net flows and memecoin’s trading activity decline over the week. As a result, SOL’s recent performance was praised by some crypto analysts who deem the cryptocurrency a safe bet. Related Reading Solana ETPs See Record Outflows CoinShares’ recent report revealed that last…