Investment Insights: Solana (SOL), Dogecoin (DOGE), and Furrever Token (FURR) Lead the Charge in ...
Solana (SOL) and Dogecoin (DOGE) are showing signs of resurgence, hinting at potential recovery amidst recent market fluctuations. However, amidst this dynamic backdrop, Furrever Token (FURR) emerges as a beacon of opportunity, captivating investors with its enticing promise of up to 15X returns in its ongoing presale phase. While SOL and DOGE seek to regain lost ground, FURR’s remarkable offer has garnered significant attention, positioning it as a standout contender in the competitive crypto sphere.
Solana (SOL) Can Hit $250 This Summer Solana (SOL) currently sits at a price of $184.88, experiencing a modest 1% dip from yesterday. However, despite this recent downturn, SOL has showcased impressive gains of 9% over the past week, 84% in the last 30 days, and a staggering 800% over the past year, suggesting that this dip may be temporary.
The slight decrease observed last night is speculated to stem from shareholders realizing some profits, indicating that the overall outlook for SOL remains positive. In the broader cryptocurrency market, technical indicators for Solana (SOL) are signaling potential recovery. Following a dip to the 35 level on the Relative Strength Index (RSI) in the morning, there has been a bounce, suggesting that the price may have bottomed out and a rebound could be imminent.
However, SOL’s 30-day moving average approaching its 200-day level raises the possibility of further declines. The convergence of resistance and support levels indicates a significant breakout or a major decline on the horizon for SOL. Additionally, recent large transfers of SOL have left investors uncertain about whether to sell or accumulate. Nevertheless, there appears to be strong demand for Solana in the market, suggesting that the altcoin may recover healthily as the market enters an expansion phase.
Odaily Planet Daily News According to Lookonchain monitoring, a trader spent 0.4 ETH (approximately $1,400) and made a profit of $1.4 million in 10 hours, a profit of 995 times. He spent 0.4 ETH to buy 16.07 million mfercoin, and then sold 14.5 million mfercoin for 286 ETH (approximately $1 million). He still holds 1.58 million mfercoins, which is approximately $396,000.
Ethereum(ETH) Drops Below 3,500 USDT with a 1.96% Decrease in 24 Hours
On Mar 30, 2024, 03:19 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,500 USDT and is now trading at 3,494.399902 USDT, with a 1.96% decrease in 24 hours.
Odaily Planet Daily News Zircuit, an EVM-compatible ZK Rollup project, posted on the X platform that with the amount of ETH pledged exceeding 260,000 and $50 million of pledged USDe, its pledge scale has reached $1 billion. Additionally, Zircuit revealed that the amount of staking through Renzo Protocol and its community exceeded 110,000 ezETH.
Analysts Identify Key Level for Potential Price Surge Crypto analysts ZAYK Charts and CryptoMoneyKing have predicted a bullish wave for XRP, the digital asset issued by Ripple. Their analysis suggests that XRP is on the verge of an imminent bullish breakout. Breakout and Bullish Forecast
According to CryptoMoneyKing’s technical analysis chart, XRP has been in a downtrend, as indicated by a descending black line tracing the highs of the candlesticks.
However, the chart highlights an “Area of Interest” surrounding the point where the price action breaks through this descending trend line, suggesting a significant turning point in the market behavior.
CryptoMoneyKing’s chart, which displays data weekly, extends from 2022 to a forecast into 2025. A large green arrow points upwards from the current time, suggesting an anticipated sharp price increase.
Moreover, a prominent horizontal blue line marks a significant support/resistance level, indicating a price level that historically has been both a point where the price finds support and a resistance level that the price struggles to break above.
Significantly, CryptoMoneyKing’s analysis indicates that if XRP flips the trendline, it could be a good opportunity to go long on a retest, implying that traders should consider buying XRP after confirming the breakout.
Top Cryptocurrencies to Watch This Week: DOGE, MATIC, XEC
Despite last week’s bearish setting, top cryptocurrencies like Dogecoin (DOGE) and eCash (XEC) recorded impressive gains. Polygon (MATIC), however, underperformed. The global cryptocurrency market cap lost $140 billion in valuation, dropping to $2.49 trillion as of Sunday, Match 24.
Here’s a look back at the current events involving this week’s top cryptocurrencies.
DOGE, MATIC and XEC prices – March 24 | Source: Santiment DOGE breaks multi-week downtrend Dogecoin began this week with a bearish footing, witnessing a combined 17.16% drop on March 18 and 19. With this discouraging decline, the cryptocurrency slipped from the $0.15 price territory to retest the early March lows at $0.1252.
While this bearish extended to the third day of the week, DOGE quickly turned the tide with a recovery campaign as the broader market showed remarkable strength. The crypto asset eventually reclaimed the $0.15 psychological price threshold, closing March 20 with an impressive 18.06% gain.
Despite the rest of the market witnessing a correction in the days that followed, DOGE retained its uptrend, rallying to a weekly high of $0.1597, as it made a push toward breaking above the downward trend line that has served as resistance to its upsurge throughout this month. This upsurge coincided with Coinbase’s move to extend DOGE futures trading.
Dogecoin slipped into the downtrend when it dropped from the March 5 high of $0.2064. The asset first aimed to breach the trend line on March 14, but faced opposition that made this push unsuccessful. However, the latest attempt appears to have yielded good results. DOGE breached the downtrend on March 24 but faced a drop that saw it retest the trend line to establish robust support. Following this retest, the token pushed above the trend line with confidence, as it changed hands at the $0.17 territory.
*Ethereum(ETH) Surpasses 3,400 USDT with a 1.02% Increase in 24 Hours*
On Mar 24, 2024, 12:08 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,400 USDT benchmark and is now trading at 3,401.48999 USDT, with a 1.02% increase in 24 hours.
Top Crypto Analyst Predicts Looming Crash Ahead for Bitcoin, Says “Too Early to Buy the Dip”
The post Top Crypto Analyst Predicts Looming Crash Ahead For Bitcoin, Says “Too Early to Buy the Dip” appeared first on Coinpedia Fintech News
As the crypto market continues its price fall, investors are contemplating whether now is the right time to “buy the dip.” However, the CEO of 10x Research, Markus Thielen, issues a cautionary note against such actions, suggesting it might be premature to enter the market.
Meanwhile, Bitcoin’s resilience is on display, with its price swinging between $60,760 and $66,382 before stabilizing above $63,500.
It’s Still Too Early to Buy Dip According to the recently released report by crypto analyst Markus Thielen on March 20 raises concerns about the potential risks associated with buying into the current market downturn.
Meanwhile, referring to an analytical model published on March 6th, Thielen predicts a looming “crash” within the next 1-2 weeks, while acknowledging the possibility of subsequent price rebounds.
Looking at the ongoing market Thielen remains cautious, stating, “It’s still too early to buy in this downturn.” He sees the market’s shift due to less interest from regular traders, shown by fewer trades in altcoins and meme coins.
Moreover, Thielen highlights the occurrence of consecutive days of ETF outflows, further amplifying market uncertainty. But Thielen says there’s a chance for things to change, especially if big investors like BlackRock start putting money in, which could make the market look different.
Technical Outlook From a technical perspective, Thielen predicts that Bitcoin could dip below the $60,000 threshold before attempting a significant recovery. While optimistic scenarios envision potential upside targets of $83,000 and $102,000 based on past signals of market highs.
Odaily Planet Daily reported that Temple Pharmacy project staff responded on Discord about the transfer of 32,000 SOL: "To ensure the safety of funds, they were transferred to multiple secure hardware wallets, some of which were for online CEX and market-making liquidity transfers. Once the fund deployment is completed, it will be concentrated to The distribution address aggregates the funds." According to previous news, on-chain data showed that Temple Pharmacy, which completed the fundraising of 32,000 SOL early this morning, distributed SOL to multiple addresses. At present, all the fundraising funds have been transferred, and the balance of the original fundraising address is only 0.5 SOL. Odaily reminds users to pay attention to asset security and choose targets carefully.
BNB Surpasses 560 USDT with a 9.16% Increase in 24 Hours
On Mar 21, 2024, 02:44 AM(UTC). According to Binance Market Data, BNB has crossed the 560 USDT benchmark and is now trading at 561.200012 USDT, with a 9.16% increase in 24 hours.
According to Foresight News, the Ethereum-based Dolomite Exchange contract has been subjected to an authorized attack. Hackers exploited the batchTransfer function of its TradeDelegate contract, stealing tokens authorized by users to this contract.
The batchTransfer function imposes restrictions on callers, requiring authorized addresses to call it. The authorized address is a contract, and its submitRingsThroughDyDx function can call the TradeDelegate contract's batchTransfer function, resulting in a large number of users' tokens being stolen by hackers through transferfrom.
The TradeDelegate contract has now revoked authorization for the aforementioned contract, and the stolen funds are still stored in the attacker's address. Beosin Trace will continue to monitor the movement of the stolen funds.
3AC Founder Kyle Davies ‘not Sorry’ for Company’s Bankruptcy Kyle Davies, co-founder of the hedge fund Three Arrows Capital, gave an extensive interview to journalist Laura Shin. In a conversation with Shin, Davies explained how the Three Arrows Capital (3AC) bankruptcy case is progressing, discussed other problems with regulators in different countries, and revealed what he was doing after the fund’s collapse.
3AC’s Kyle Davies on Why He’s Crypto’s Lloyd Blankfein and Why He’s Not SorryFew crypto figures have been as vilified as @KyleLDavies, the co-founder, along with Su Zhu, of crypto hedge fund Three Arrows Capital, which imploded in mid-2022, losing $3 billion and bringing many… pic.twitter.com/F7NCozuPFB — Laura Shin (@laurashin) March 19, 2024 When asked about the progress of the 3AC bankruptcy proceedings, Davies replied that he recently met with the liquidator Teneo, and now he regularly meets with the fund’s creditors.
“I do expect some sort of settlement at some point. In addition to that, a number of creditors just choose to participate.” Kyle Davies, 3AC founder Davies hinted that there would be positive statements from all sides when a settlement was reached. According to the 3AC co-founder, the media has simply been exaggerating what is happening around 3AC while the liquidator is trying to obtain the maximum benefit for this state.
You might also like: Genesis and 3AC reach $33m settlement in billion-dollar claim In addition to meeting with the liquidators, Davies noted that he continues to work in the crypto industry, believing he can still contribute despite Three Arrows Capital’s collapse. He said he is still young and learning and thought he could help the next 3AC avoid similar mistakes by sharing lessons from his experiences.
Davies also remained passionate about some of his ongoing ventures in areas like bankruptcy reform, seeking to continue positively contributing to crypto through these new projects.
According to CryptoPotato, Cardano's ADA has surpassed Bitcoin (BTC) and Ethereum (ETH) in development activity, despite a recent 20% price drop. Analysts predict a bullish future for ADA, including a potential 'parabolic' spike to $10. IntoTheBlock reports that Cardano's ADA is currently the top cryptocurrency by development activity, with the highest amount of weekly engagements.
Ethereum (ETH) and Bitcoin (BTC) were placed second and fifth, respectively, while Avalanche (AVAX) is third and Litecoin (LTC) is fourth.
This is not the first time ADA has surpassed its rivals in this field. In January, the asset topped the same ranking on a monthly scale, outperforming Polkadot (DOT) and Kusama Network (KSM), which rounded up the top three list. Despite its success, ADA's price has been in the red in the past several days, plunging by 20% on a two-week basis.
However, multiple analysts have recently outlined bullish predictions for the asset, envisioning a new all-time high in the near future. One example is analyst Ali, who compared the token's performance to that of its previous bull cycle, claiming this could lead to a 'parabolic' spike to as high as $10.
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Ethereum Layer-2 Blast, ana ağını 29 Şubat 21:00 UTC'de başlattı ve daha önce ağda kilitlenmiş olan yaklaşık 2,3 milyar dolarlık stake edilmiş kriptonun kilidini açtı ve yaklaşık 280 milyon dolarlık ilk çıkış gerçekleşti.
İyimser toplu blockchain ölçekleyici, kullanıcılara Ether (ETH) ve blockchain protokolü MakerDAO tarafından yönetilen stake edilmiş ETH ve Amerika Birleşik Devletleri Hazine Bonolarından (T-Bono) üretilen ağda tutulan stabilcoinler üzerinde yıllık %5'e varan getiri sağlar.
Ağa gönderilen kripto para, ana ağ başlatılmadan önce kilitlendi ve 180.000 kullanıcıya şu ana kadar gönderilen fonları geri çekme olanağı verilmedi. $BTC $ETH $SOL