Tag: Rally

BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally

BTC recorded its highest daily active address count on 2 August. The recent increase in network activity, surge in loss-making transactions, and growing negative sentiment are all indicators of a short-term price rally for Bitcoin. The number of daily active addresses that trade Bitcoin [BTC] has surged in August, reaching a three-month high of 1.07 million on 2 August, data from Santiment showed. Still growing, the number of addresses that have completed BTC transactions today was 1.03 million.  📈 #Bitcoin‘s address activity has surged to its highest level in 3.5…

Bitcoin’s Rally Toward $30K, PayPal’s Stablecoin Fakes, and More

Bitcoin’s price saw a 3% uptick, climbing to just shy of $30,000 in response to a plunge in global long-dated government bond yields. This fall in yields was triggered by China’s far weaker than anticipated trade numbers for July. The U.S. 10-year Treasury yield tumbled below the 4% mark. These macroeconomic shifts have seemingly buoyed the crypto market, with other notable cryptocurrencies like Solana (SOL), Toncoin (TON), and Chainlink (LINK) registering gains of over 4% at the time of writing. Source 30KBitcoinsFakesPayPalsRallyStablecoin CryptoX Portal

Kraken Listing Triggers Over 50% Rally in Reddit’s Community Tokens Moons (MOON) and Bricks (BRICK)

MOON is an ERC-20 token distributed as a reward for comments or posts in the r/CryptoCurrency subreddit. Users can store coins in Reddit’s Ethereum-based wallet, called Vault. They can freely trade, tip, or spend those in the community for several purposes, including unlocking exclusive features like badges and GIFs in comments and adding weight to poll votes. BRICK serves a similar purpose in the r/Fortnite subreddit. Source

Shiba Inu Sees 10% Pullback, But Here’s Why Rally Can Still Continue

Shiba Inu has gone down 10% since hitting a local top two days ago. But here are some metrics that suggest the rally could still continue. Shiba Inu On-Chain Metrics Have Seen Positive Developments Recently Shiba Inu had been stuck in a perpetual sideways trend during most of July, but the meme coin’s fate switched in the first few days of this month as its price showed some strong upwards momentum. In this rally, the asset had managed to breach the $0.00001000 level, meaning that it had risen almost 30%…

Bone ShibaSwap Among Weekend Biggest Hitters With 25% Rally

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The cryptocurrency market is currently growing in a variety of ways, but the Shiba Inu (SHIB) ecosystem’s tokens are currently noticeably on a positive run. Bone ShibaSwap (BONE), one of the leading tokens in the meme coin ecosystem, is on a clear uptrend, rising as much as 5.6% in the previous day to $1.74. The coin has increased by more than 25% over the last week as a result of the ecosystem’s overall buzz. The price of Bone Shibaswap has made a significant recovery in recent months. After soaring to a…

These Are The Factors That Could Lead To Another Bitcoin Rally: ARK Invest

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In a report released on August 4, ARK Invest’s on-chain researcher David Puell reveals factors that could lead to another Bitcoin rally. The report, titled “The Bitcoin Monthly: July 2023,” provides an in-depth analysis and distinguishes between Bitcoin’s current situation and what the future holds for the largest cryptocurrency by market cap. Some Positives For Bitcoin Puell highlights how Bitcoin’s tepid 90-day volatility shares similarities with 2017 levels. According to the report, this prolonged low volatility usually represents the ‘calm before the storm,’ with Puell speculating that a significant price…

Pepe coin, Floki Inu, and Pomerdoge may rally in next bull run

In Q1 2023, the crypto market recovered, with many digital assets gaining at least 50%.  Some coins, like Pepe coin (PEPE) and Floki Inu (FLOKI), performed well before the market downturn. However, analysts remain bullish. Meanwhile, investors have taken notice of Pomerdoge (POMD) and predict gains in future sessions. Holding PEPE can yield returns. Pepe coin is up 1% in the past hour.  According to data from CoinMarketCap, PEPE is trading at $0.00000123, down 71% from its all-time high of $0.00000425. Despite the dip in price, more investors maintain a…

Can Dogecoin Reach $0.85? Bullish Setup Hints Potential For Rally

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Dogecoin (DOGE) has recently captured attention due to its price’s downward trajectory. While the current decline in DOGE’s price might raise concerns, astute traders are discerning a potential opportunity amidst the turmoil.  As reported by CoinGecko, the DOGE price stands at $0.074288, reflecting a 3.6% drop in the past 24 hours and a 5.2% decline over the past seven days. These figures emphasize the coin’s recent volatility and the challenges that DOGE holders and traders face.  However, beneath the surface of these numbers lies an intriguing pattern that might hold the…

Optimism (OP) Climbs Over 10% On Weekly Chart, Will The Rally Last?

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Following a slight improvement in the broader cryptocurrency market, Optimism (OP) has posted positive gains today, August 2. The token is now over 10% higher than seven days ago. Optimism’s gain has placed it among the top-gaining coins today, with a nearly 3% gain in the last 24 hours.  Optimism Price Action as Bulls Struggle to Prevail According to CoinMarketCap data, Optimism peaked at $1.6712 on Wednesday morning, an over 5% increase from its past-day price. However, due to the intense struggle between the buyers and sellers, OP has receded…

LTC Price Is Unlikely to Rally After Litecoin Halving, Past Performance Shows

LTC’s indifferent attitude toward the pivotal event could be explained by the fact that on both occasions, bitcoin, the leading cryptocurrency by market value and industry anchor, was nursing the after-effects of a brutal bear market. More importantly, crypto bull markets typically begin months after bitcoin’s reward halvings, which occur 8-9 months after Litecoin’s halvings. Bitcoin’s fourth halving is due in March/April 2024. Source